62%
1-year holding
of 13 windows beat the index
Avg / yr+16.3%
Equity: Flexi Cap
Ckredence-Business Cycle Fund
7.6
Nyra score
Independently scored
2-yr track record · since Nov 2023BlendAUM —Max drawdown −15.36%SEBI-registered PMS
3Y CAGR
—
annualised
5Y CAGR
—
annualised
Since inception
14.5%
CAGR · net of fees
₹1 Cr became
₹1.31 Cr
index ₹1.21 Cr
AUM
—
strategy size
Minimum
₹50 L
SEBI minimum
Snapshot
What this strategy is
Business Cycle Fund intends to invest with the objective of generating long-term wealth by identifying and investing in sectors and companies that are at the cusp of the growth cycle. The focus will be to invest in a calibrated manner in a few sectors across market capitalization with the aim of benefiting from business cycle revival. To identify businesses that, after facing temporary headwinds, have started witnessing a turnaround and have good growth potential and scalability with favorable industry dynamics. The focus will remain on high standards of corporate governance, balance sheet comfort, along with reasonable valuations. The proposed portfolio would normally invest in 30-35 stocks.
Performance · what ₹1 crore would have become
₹1.31 Cr
+31% · 1.3× your money
- This strategy₹1.31 Cr
- NIFTY 50 Total Return Index₹1.21 Cr
₹1 Cr invested at inception (Nov 2023)2.0 yrs
Illustrative monthly path, net of fees, modelled to the strategy's since-inception CAGR versus the NIFTY 50 Total Return Index. Not the actual NAV series; past performance is not indicative of future returns.
Returns
Trailing returns vs benchmark
Absolute for windows under a year, annualised (CAGR) beyond. Alpha is the strategy minus its benchmark.
1M
3M
6M
1Y
3Y
5Y
SI
This strategy15.4%
4.5%
-0.8%
12.6%
—
—
14.5%
NIFTY 50 Total Return Index
7.5%
-5.1%
-6.5%
-0.3%
—
—
10%
Alpha
+7.9%
+9.6%
+5.7%
+12.9%
—
—
+4.5%
Reliability
How often it has beaten the index
Across every rolling holding period in the modelled history — the longer you hold, the more the odds have favoured the strategy.
Computed on an illustrative monthly path modelled to the since-inception CAGR — not the actual NAV series.
Risk
The quality of those returns
Returns mean little without the ride that earned them.
−15.36%
Max drawdown
9.6%
Worst 1-yr window
10.2%
Volatility (ann.)
12.81
Sharpe ratio
In its worst stretch the strategy fell −15.36% peak-to-trough. A Sharpe of 12.81 means it earned a healthy return for each unit of risk taken. Size the position so a drawdown of that order is one you can sit through.
Portfolio
Under the hood — where the money sits
A focused book of about 34 stocks, spread across the market-cap curve.
Market-cap mix
- Large31%
- Mid26%
- Small38%
- Cash / Debt4%
Concentration
Holdings34 stocks
Cash / debt buffer4%
Top holdings and the sector book stream from the live feed — ask Nyra for the current portfolio.
Manager
Who runs the money
A strategy is only as good as the hand on the wheel.
KB
View full profile Fund manager
Kartik Bhaskerray Mehta
Ckredence-Business Cycle · 2-yr strategy tenure · — managed
Investment philosophy
Ckredence-Business Cycle's Flexi Cap approach blends valuation discipline with growth conviction, tilting toward whichever side the cycle is paying for. It is benchmarked to the NIFTY 50 Total Return Index but invests with conviction rather than hugging the index.
Conviction over the index
A focused book of roughly 34 holdings means the highest-conviction ideas actually move the portfolio.
Through the cycle
A 2-year track record across rallies and drawdowns — positioning shifts with the cycle rather than chasing the last quarter.
Risk first
Drawdowns are managed deliberately; the worst peak-to-trough on record is about −15.36%.
Nyra's read
A dependable flexi cap strategy that scores well across our pillars.
Nyra scores Ckredence-Business Cycle Fund 7.6/10, on a since-inception CAGR near 14.5%. Its sharpest fall on record is about −15.36% — size the position so that ride is one you can hold.
Best suited to
Investors with a 5-year-plus horizon who want active Flexi Cap exposure and can sit through equity drawdowns.
Mind if
A −15.36% drawdown would test your nerve, or you need ₹50 L+ to commit at the SEBI minimum.
Pairs well with
A steadier core (large-cap or hybrid) so this can play the higher-conviction satellite in your overall allocation.
Facts & fees
The fine print, in plain sight
- Inception
- Nov 2023
- Track record
- 2 years
- Category
- Equity: Flexi Cap
- Style
- Blend
- Benchmark
- NIFTY 50 Total Return Index
- Holdings
- 34 stocks
- Fixed fee
- —
- Performance fee
- 20% over 8.00% hurdle
- Minimum investment
- ₹50 L
- Lock-in / exit
- Nil exit load
- Reporting
- Monthly + live login
- Regulator
- SEBI-registered PMS
PMS Sahi Hai is a SEBI-registered platform. Figures are sourced from the strategy's disclosures and the live feed; the growth chart, rolling-window and risk figures are modelled to the disclosed since-inception CAGR (illustrative, not the actual NAV series). Returns are net of fees where stated. Investments in PMS, AIF and GIFT City strategies are subject to market risk — past performance is not indicative of future results. This page is information, not investment advice.
What investors say
“I held two PMS for four years and couldn't tell you why. One 15-minute review showed me the overlap, the real post-tax number, and one fund worth replacing. Nobody had ever shown me that math.”
Rajesh K.HNI · Mumbai · ₹3.2 Cr · 2 PMS reviewedComposite client stories — names changed, numbers preserved.
FAQ
Ckredence-Business Cycle Fund — common questions
What is Ckredence-Business Cycle Fund?
Ckredence-Business Cycle Fund is a Flexi Cap PMS strategy from Ckredence-Business Cycle, managed by Kartik Bhaskerray Mehta. It follows a Blend style, is benchmarked to the NIFTY 50 Total Return Index, and carries a Nyra score of 7.6/10.
Who should consider Ckredence-Business Cycle Fund?
It suits investors with a five-year-plus horizon who want active Flexi Cap exposure and can stay invested through market drawdowns. The SEBI minimum is ₹50 L.
What returns has it delivered?
Since inception (Nov 2023) it has compounded at roughly 14.5% a year. Returns are net of fees; past performance is not a guarantee of future results.
What are the fees and lock-in?
—, with a performance fee of 20% over 8.00% hurdle. Exit / lock-in terms: Nil exit load.
How risky is it?
Like all market-linked products it can fall in value; the worst drawdown on record is about −15.36%. Ckredence-Business Cycle is SEBI-registered and reports monthly. This page is information, not investment advice.
