Biz cycle mutual funds deliver up to 56% returns in last 1-year

The category's AUM have surged to Rs 37,487 crore, more than doubling from Rs 17,238 crore in September 2021

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NEW DELHI: Business cycle mutual funds have been gaining traction in the investment landscape, delivering robust returns of 32-56 per cent over the past year, with schemes from HSBC, Mahindra Manulife, and Quant generating returns exceeding 50 per cent.

These top three funds have substantially outperformed the Nifty 500 TRI index, which delivered 35.11 per cent returns over the same period, according to the industry data.

Currently, the market hosts only 16 business cycle funds, with just three completing a three-year tenure.

The category's assets under management (AUM) have surged to Rs 37,487 crore, more than doubling from Rs 17,238 crore in September 2021. This stellar growth suggests the rising investor interest in these funds, Feroze Azeez, Deputy CEO, Anand Rathi Wealth, said.