Business Cycle Fund
Portfolio Management ServiceStrategy AUM
Trailing 1Y return
Trailing Returns
APMI · annualised beyond 1Y · as of 01 May 2026
- 1M
- +5.27%
- 3M
- +10.18%
- 6M
- +5.28%
- 9M
- —
- 1Y
- +10.93%
- 2Y
- +14.09%
- 3Y
- —
- 4Y
- —
- 5Y
- —
- Since Inception
- +16.25%
- Strategy AUM
- ₹170 Cr
- Benchmark
- Nifty 50 TRI
Performance vs Benchmark
Strategy vs Nifty 50 TRI · trailing returns, % · alpha = excess
| Period | Strategy | Benchmark | Alpha |
|---|---|---|---|
| 1 Month | +5.27% | −1.72% | +6.99% |
| 3 Months | +10.18% | −6.30% | +16.48% |
| 6 Months | +5.28% | −9.87% | +15.15% |
| 1 Year | +10.93% | −3.84% | +14.77% |
| 2 Years | +14.09% | +3.35% | +10.74% |
| 3 Years | +0.00% | +0.00% | +0.00% |
| 4 Years | +0.00% | +0.00% | +0.00% |
| 5 Years | +0.00% | +0.00% | +0.00% |
| Since Inception | +16.25% | +8.92% | +7.33% |
Monthly Performance
Growth of ₹100 invested · month-on-month · 13 months
| Month | Strategy | Benchmark | Alpha |
|---|---|---|---|
| May-2026 | +5.27% | −1.72% | +6.99% |
| Apr-2026 | +15.38% | +7.49% | +7.89% |
| Mar-2026 | −9.29% | −11.30% | +2.01% |
| Feb-2026 | −0.13% | −0.51% | +0.38% |
| Jan-2026 | −3.72% | −3.04% | −0.68% |
| Dec-2025 | −0.62% | −0.28% | −0.34% |
| Nov-2025 | −0.84% | +1.92% | −2.76% |
| Oct-2025 | +4.42% | +4.62% | −0.20% |
| Sep-2025 | −0.01% | +0.77% | −0.78% |
| Aug-2025 | −1.30% | −1.21% | −0.09% |
| Jul-2025 | −1.43% | −2.77% | +1.34% |
| Jun-2025 | +4.61% | +3.37% | +1.24% |
| May-2025 | +6.88% | +1.92% | +4.96% |
Strategy Details
APMI fact sheet
- Inception
- 10 Nov 2023
- Age
- 2.6 Years
- Min. investment
- ₹50,00,000
- Turnover (1Y)
- 1.65×
- Turnover (1M)
- 0.10×
- Product
- Equity,Mutual Fund,Others
as of 31 May 2026
Asset classes
Investment objective
The objective of the fund is to generate long-term wealth by identifying and investing in sectors & companies which are at the cusp of the growth cycle. It intends to invests in concentrated manner in few sectors across market capitalisations with 30-35 stocks in the portfolio with aim to reap benefit from business cycle revival
Fund Managers
1 manager
Name
KARTIK B MEHTA
Fees & Investment
As disclosed to APMI
- Min. investment
- ₹50,00,000
- Fixed fees
- AMC Charges: 2.5%
- Variable fees
- AMC: 0.25% Hurdle: 7% Profit Sharing: 25%
- Exit load
- 1st Year- 2% 2nd Year- 1% 3rd Year- 0%
PMS Industry — SEBI
Latest monthly aggregate
- Total PMS AUM
- ₹44.11 Lakh Cr
- Total clients
- 2,23,279
- Discretionary
- ₹37.37 Lakh Cr
- Period
- july-2026
Industry AUM by asset class (top 5)
- Plain Debt Listed₹28.98 Lakh Cr
- Listed Equity₹7.60 Lakh Cr
- Plain Debt Unlisted₹5.00 Lakh Cr
- Mutual Funds₹1.93 Lakh Cr
- Others₹40,423 Cr
About
- Provider
- Ckredence Wealth Management Pvt Ltd
- Strategy
- Business Cycle Fund
- Benchmark
- Nifty 50 TRI
- Source
- APMI
Strategy performance, AUM, fees and fund-manager details are sourced from APMI (Association of Portfolio Managers in India); industry aggregates are from SEBI’s monthly PMS disclosures. Returns beyond one year are annualised; past performance is not indicative of future results, and a PMS strategy carries no capital guarantee. For information only, not investment advice.