• The fund aims to deploy the business cycle approach of investing to identify economic trends and invest in sectors and stocks that are likely to outperform.
• During an expansion phase it will Buy either the sector leaders or Companies benefitting from the sectoral tailwinds during economic and business cycles.
• During a contraction phase it will Invest in companies from sectors which provide cushion during downcycles.
• We believe cycles have become shorter and a portfolio needs to adapt quickly to the changing environment. Hence, the need to have “Tata Business Cycle Fund” in your portfolio.

• Each phase in the business cycle presents unique investment opportunities. Incorporating business cycles theme into investments helps make the most of the current economic environment
• Recovery & Expansion- 
  • Investments that are more sensitive to faster economic growth and business activity will likely outperform. 
    • Stocks of midsize and small companies, as well as emerging market equities 
    • Younger, growth-oriented firms and industries 
  • Generally referred to as Cyclical Stocks 
    • Cyclical Stocks have a direct relationship to the economy. These are  Companies that make or sell discretionary items and services that are in demand when the economy is doing well.
    • These are stocks which do well during phases of increased consumption and high employment.  Capital Goods, Industrials and other high capex sectors tend to perform well during economic upcycle 
• Slowdown & Recession
  • Defensive investments and those that are sensitive to falling interest rates have greater potential to outperform 
    • Stocks of larger and stable companies 
    • Businesses that experience steady consumer demand even during economic slowdowns 
  • Generally referred to as Defensive Stocks 
    • Defensive/Structural growth Stocks outperform the market when economic growth slows. They produce or distribute goods and services we always need. 
    • Characterized by low penetration i.e. long runway for growth, strong balance sheet and robust ESG track record.

Redemption/Switchout/SWP/STP/non-SIP
1. On or before 30 days from the date of allotment: 0.50%.
2. After 30 days from the date of allotment: NIL.