MF Gyan
sectorHigh risk2 year old

DSP Business Cycle Fund - Direct Plan - Growth

Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings. From DSP Mutual Fund. It's been running since 18 Dec 2024.

This fund is under 3 years old — its short track record makes comparing to peers or judging consistency less reliable.
Latest price per unit
₹10.538
▲ 0.18% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.05 L
▲ ₹4.9k gain · 4.9% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹60.0k
Value today₹61.0k
Gain / loss+₹1.0k
XIRR (annualised)3.63%
Looking forward · hypothetical
You would invest₹60.0k
Would become*₹61.2k
Projected gain*+₹1.2k
*at this fund's historical rate of 3.63% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 109 other funds in Equity Schemes - Thematic Fund

Same plan
1-year return
4.89%median 6.58% (-1.69%)
Rank #52 of 110Beats 46% of peers
Bumpiness (3Y)
13.81%median 15.81% (-2.00%)
Rank #18 of 110Less risky than 83% of peers
Worst-ever drop
-14.77%median -22.78% (+8.01%)
Rank #90 of 110Less risky than 17% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 3 of last 3 years were positive.

+0%
2024
+4%
2025
+1%
2026
Best year
2025 · 3.83%
Worst year
2024 · 0.11%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
13.8%

The value swings roughly 14% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-14.77%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of DSP Business Cycle Fund - Direct Plan - Growth against other sector funds.

Technical details (for the pros)
CAGR — 1 year4.89%
CAGR — 3 years—
CAGR — 5 years—
CAGR — since launch3.11%
Volatility — 1 year (annualised)13.51%
Volatility — 3 years (annualised)13.81%
Max drawdown — 1 year-11.86%
Max drawdown — 3 years-14.77%
Sharpe ratio — 1 year (rf=6%)-0.08
Sharpe ratio — 3 years (rf=6%)-0.21

Fund info

Fund house
DSP Mutual Fund
Category
Equity Schemes - Thematic Fund
Plan
Direct
Option
Growth
ISIN (Growth)
INF740KA1UX7
ISIN (Div re-invest)
—
Fund code
153121
First price on record
18 Dec 2024 · 424 daily prices

About DSP Business Cycle Fund - Direct Plan - Growth

DSP Business Cycle Fund - Direct Plan - Growth is a Equity Schemes - Thematic Fund offered by DSP Mutual Fund under the Direct plan with the Growth option. It has approximately 2 year of NAV track record. The fund falls in the sector category — Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

The current NAV of DSP Business Cycle Fund - Direct Plan - Growth is ₹10.5380 (as of 4 Sep 2026). Historically, it has delivered 4.89% over the last year. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 13.8% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 14.8%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of DSP Business Cycle Fund - Direct Plan - Growth?+

The latest NAV of DSP Business Cycle Fund - Direct Plan - Growth is ₹10.5380 as of 4 Sep 2026, up 0.18% from the previous day. NAV is updated once a business day after the market close.

What are the returns of DSP Business Cycle Fund - Direct Plan - Growth?+

DSP Business Cycle Fund - Direct Plan - Growth has delivered 1-year return 4.89%, since-inception CAGR 3.11%. Returns are historical and don't predict future performance — markets move in cycles.

What category does DSP Business Cycle Fund - Direct Plan - Growth belong to?+

DSP Business Cycle Fund - Direct Plan - Growth is categorised as Equity Schemes - Thematic Fund. Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

How risky is DSP Business Cycle Fund - Direct Plan - Growth?+

Based on its 3-year annualised volatility of 13.8%, DSP Business Cycle Fund - Direct Plan - Growth sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is DSP Business Cycle Fund - Direct Plan - Growth a direct plan?+

DSP Business Cycle Fund - Direct Plan - Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is DSP Business Cycle Fund - Direct Plan - Growth?+

DSP Business Cycle Fund - Direct Plan - Growth has NAV history available from 18 Dec 2024 — approximately 2 year of track record and 424 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.