Edelweiss Business Cycle Fund
Monthly portfolio · 24 months through Sep-2026
compared to Aug-2026 · as on SEPTEMBER 30, 2026
Holdings
76
Scheme AUM
₹1,344 cr
New
7
Exited
7
Increased
15
Reduced
20
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| Reduced | Laurus Labs Ltd. INE947Q01028 | Pharmaceuticals & Biotechnology | 2,10,000 | -10,000 | 3.09% | +0.21pp | ₹41.58 cr |
| Increased | Radico Khaitan Ltd. INE944F01028 | Beverages | 89,325 | +7,500 | 2.90% | +0.39pp | ₹39 cr |
| Reduced | Cummins India Ltd. INE298A01020 | Industrial Products | 80,000 | -5,000 | 2.83% | -0.14pp | ₹38.08 cr |
| — | ICICI Bank Ltd. INE090A01021 | Banks | 2,79,378 | — | 2.75% | -0.03pp | ₹36.93 cr |
| — | The Federal Bank Ltd. INE171A01029 | Banks | 10,90,802 | — | 2.58% | -0.08pp | ₹34.62 cr |
| — | FSN E-Commerce Ventures Ltd. INE388Y01029 | Retailing | 10,65,346 | — | 2.54% | — | ₹34.09 cr |
| Reduced | Glenmark Pharmaceuticals Ltd. INE935A01035 | Pharmaceuticals & Biotechnology | 1,25,000 | -5,000 | 2.17% | -0.03pp | ₹29.18 cr |
| Reduced | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 65,000 | -5,000 | 2.03% | -0.10pp | ₹27.31 cr |
| — | Steel Authority of India Ltd. INE114A01011 | Ferrous Metals | 14,75,000 | — | 1.99% | +0.02pp | ₹26.77 cr |
| Reduced | Grasim Industries Ltd. INE047A01021 | Cement & Cement Products | 86,494 | -24,309 | 1.97% | -0.58pp | ₹26.48 cr |
| — | AU Small Finance Bank Ltd. INE949L01017 | Banks | 2,61,130 | — | 1.96% | +0.02pp | ₹26.38 cr |
| — | Hindalco Industries Ltd. INE038A01020 | Non - Ferrous Metals | 2,80,000 | — | 1.96% | +0.02pp | ₹26.37 cr |
| — | Apar Industries Ltd. INE372A01015 | Electrical Equipment | 15,079 | — | 1.95% | +0.13pp | ₹26.21 cr |
| Increased | Hitachi Energy India Ltd. INE07Y701011 | Electrical Equipment | 8,500 | +1,500 | 1.94% | +0.33pp | ₹26.04 cr |
| Increased | Bajaj Auto Ltd. INE917I01010 | Automobiles | 23,942 | +5,000 | 1.94% | +0.37pp | ₹26.03 cr |
| Increased | Bajaj Finserv Ltd. INE918I01026 | Finance | 1,46,739 | +70,000 | 1.89% | +0.83pp | ₹25.4 cr |
| Reduced | Ather Energy Ltd. INE0LEZ01016 | Automobiles | 1,66,014 | -375 | 1.76% | -0.19pp | ₹23.66 cr |
| — | Divi's Laboratories Ltd. INE361B01024 | Pharmaceuticals & Biotechnology | 25,000 | — | 1.73% | +0.11pp | ₹23.23 cr |
| — | Coforge Ltd. INE591G01025 | IT - Software | 1,29,938 | — | 1.69% | -0.07pp | ₹22.73 cr |
| — | Persistent Systems Ltd. INE262H01021 | IT - Software | 42,998 | — | 1.69% | +0.05pp | ₹22.7 cr |
| Increased | Multi Commodity Exchange Of India Ltd. INE745G01043 | Capital Markets | 68,277 | +7,000 | 1.68% | +0.26pp | ₹22.53 cr |
| Increased | ABB India Ltd. INE117A01022 | Electrical Equipment | 32,723 | +9,250 | 1.65% | +0.42pp | ₹22.17 cr |
| Increased | Titan Company Ltd. INE280A01028 | Consumer Durables | 46,618 | +14,000 | 1.59% | +0.45pp | ₹21.38 cr |
| Reduced | Avenue Supermarts Ltd. INE192R01011 | Retailing | 56,071 | -17,707 | 1.59% | -0.38pp | ₹21.31 cr |
| Reduced | INDO-MIM Ltd. INE084101034 | Industrial Manufacturing | 1,68,240 | -48,240 | 1.56% | +0.26pp | ₹20.9 cr |
| Increased | Bharat Heavy Electricals Ltd. INE257A01026 | Electrical Equipment | 4,91,458 | +80,000 | 1.52% | +0.28pp | ₹20.42 cr |
| — | TVS Motor Company Ltd. INE494B01023 | Automobiles | 48,403 | — | 1.48% | +0.04pp | ₹19.87 cr |
| Reduced | Polycab India Ltd. INE455K01017 | Industrial Products | 24,393 | -607 | 1.46% | -0.15pp | ₹19.58 cr |
| — | Oracle Financial Services Software Ltd. INE881D01027 | IT - Software | 17,900 | — | 1.42% | -0.11pp | ₹19.03 cr |
| — | SPR Auto Technologies Ltd. INE526E01018 | Auto Components | 40,887 | — | 1.42% | +0.13pp | ₹19.03 cr |
| Increased | HCL Technologies Ltd. INE860A01027 | IT - Software | 1,43,852 | +25,945 | 1.32% | +0.26pp | ₹17.69 cr |
| Increased | Aurobindo Pharma Ltd. INE406A01037 | Pharmaceuticals & Biotechnology | 1,05,000 | +25,000 | 1.31% | +0.37pp | ₹17.56 cr |
| Increased | Shriram Finance Ltd. INE721A01047 | Finance | 1,75,466 | +25,000 | 1.28% | +0.14pp | ₹17.24 cr |
| — | Bharat Forge Ltd. INE465A01025 | Auto Components | 86,798 | — | 1.24% | -0.01pp | ₹16.72 cr |
| — | Tata Steel Ltd. INE081A01020 | Ferrous Metals | 9,00,000 | — | 1.23% | +0.10pp | ₹16.59 cr |
| Reduced | Navin Fluorine International Ltd. INE048G01026 | Chemicals & Petrochemicals | 19,804 | -4,113 | 1.21% | -0.21pp | ₹16.33 cr |
| — | Info Edge (India) Ltd. INE663F01032 | Retailing | 1,33,877 | — | 1.21% | +0.01pp | ₹16.33 cr |
| Reduced | Fortis Healthcare Ltd. INE061F01013 | Healthcare Services | 2,00,940 | -41,064 | 1.15% | -0.35pp | ₹15.47 cr |
| — | Karur Vysya Bank Ltd. INE036D01028 | Banks | 4,74,930 | — | 1.15% | +0.02pp | ₹15.43 cr |
| — | National Aluminium Company Ltd. INE139A01034 | Non - Ferrous Metals | 4,50,000 | — | 1.14% | -0.03pp | ₹15.34 cr |
| — | NTPC Ltd. INE733E01010 | Power | 4,71,169 | — | 1.13% | +0.08pp | ₹15.21 cr |
| — | Indian Bank INE562A01011 | Banks | 1,80,000 | — | 1.08% | -0.03pp | ₹14.51 cr |
| New | Bajaj Finance Ltd. INE296A01032 | Finance | 1,50,000 | — | 1.07% | — | ₹14.39 cr |
| — | Emcure Pharmaceuticals Ltd. INE168P01015 | Pharmaceuticals & Biotechnology | 73,614 | — | 1.06% | +0.13pp | ₹14.3 cr |
| Reduced | Schaeffler India Ltd. INE513A01022 | Auto Components | 36,312 | -18,139 | 1.05% | -0.44pp | ₹14.15 cr |
| New | Union Bank of India INE692A01016 | Banks | 8,09,769 | — | 1.03% | — | ₹13.85 cr |
| — | Reliance Industries Ltd. INE002A01018 | Petroleum Products | 1,16,491 | — | 1.03% | +0.01pp | ₹13.83 cr |
| — | Torrent Pharmaceuticals Ltd. INE685A01028 | Pharmaceuticals & Biotechnology | 28,469 | — | 1.02% | +0.03pp | ₹13.67 cr |
| Increased | Acutaas Chemicals Ltd. INE00FF01025 | Pharmaceuticals & Biotechnology | 40,731 | +15,000 | 0.99% | +0.43pp | ₹13.36 cr |
| Reduced | Sun Pharmaceutical Industries Ltd. INE044A01036 | Pharmaceuticals & Biotechnology | 73,451 | -37,439 | 0.99% | -0.51pp | ₹13.34 cr |
| — | State Bank of India INE062A01020 | Banks | 1,38,393 | — | 0.99% | -0.01pp | ₹13.28 cr |
| New | Hero Motors Ltd. INE012G01022 | Auto Components | 8,33,396 | — | 0.95% | — | ₹12.71 cr |
| — | JSW Steel Ltd. INE019A01038 | Ferrous Metals | 1,00,000 | — | 0.93% | +0.04pp | ₹12.53 cr |
| Reduced | Lupin Ltd. INE326A01037 | Pharmaceuticals & Biotechnology | 59,956 | -15,656 | 0.91% | -0.22pp | ₹12.17 cr |
| — | Tempsens Instruments (India) Ltd. INE1KZI01025 | Industrial Manufacturing | 2,29,600 | — | 0.90% | +0.02pp | ₹12.09 cr |
| — | Alkem Laboratories Ltd. INE540L01014 | Pharmaceuticals & Biotechnology | 22,860 | — | 0.88% | +0.05pp | ₹11.8 cr |
| — | Ashok Leyland Ltd. INE208A01029 | Agricultural, Commercial & Construction Vehicles | 7,59,573 | — | 0.87% | -0.04pp | ₹11.71 cr |
| — | Marico Ltd. INE196A01026 | Agricultural Food & other Products | 1,48,967 | — | 0.87% | +0.04pp | ₹11.71 cr |
| — | Mazagon Dock Shipbuilders Ltd. INE249Z01020 | Industrial Manufacturing | 52,000 | — | 0.82% | -0.06pp | ₹10.99 cr |
| — | Mahindra & Mahindra Financial Services Ltd INE774D01024 | Finance | 3,29,628 | — | 0.80% | -0.04pp | ₹10.71 cr |
| Increased | Welspun Corp Ltd. INE191B01025 | Industrial Products | 37,720 | +1,735 | 0.76% | +0.17pp | ₹10.25 cr |
| Reduced | Bharat Electronics Ltd. INE263A01024 | Aerospace & Defense | 2,63,818 | -96,182 | 0.76% | -0.26pp | ₹10.24 cr |
| New | Vodafone Idea Ltd. INE669E01016 | Telecom - Services | 75,80,987 | — | 0.73% | — | ₹9.82 cr |
| Increased | Aster DM Quality Care Ltd. INE914M01019 | Healthcare Services | 1,40,174 | +40,174 | 0.73% | +0.21pp | ₹9.77 cr |
| New | Rentomojo Ltd. INE08T701025 | Commercial Services & Supplies | 1,85,629 | — | 0.70% | — | ₹9.47 cr |
| Reduced | Dhoot Transmission Ltd. INE01NH01023 | Auto Components | 57,409 | -57,409 | 0.64% | -0.52pp | ₹8.55 cr |
| New | Solar Industries India Ltd. INE343H01029 | Chemicals & Petrochemicals | 4,210 | — | 0.62% | — | ₹8.29 cr |
| Increased | Abbott India Ltd. INE358A01014 | Pharmaceuticals & Biotechnology | 3,054 | +700 | 0.62% | +0.20pp | ₹8.28 cr |
| Reduced | Aditya Birla Capital Ltd. INE674K01013 | Finance | 1,78,048 | -2,02,026 | 0.50% | -0.56pp | ₹6.78 cr |
| Reduced | Eicher Motors Ltd. INE066A01021 | Automobiles | 9,165 | -13,482 | 0.49% | -0.74pp | ₹6.55 cr |
| — | Infosys Ltd. INE009A01021 | IT - Software | 62,559 | — | 0.46% | -0.02pp | ₹6.22 cr |
| — | Tata Consultancy Services Ltd. INE467B01029 | IT - Software | 29,835 | — | 0.46% | -0.03pp | ₹6.12 cr |
| Reduced | L&T Finance Ltd. INE498L01015 | Finance | 2,27,081 | -2,82,573 | 0.45% | -0.67pp | ₹6.02 cr |
| New | 364 DAYS TBILL RED 19-11-2026 IN002025Z344 | SOVEREIGN | 3,00,000 | — | 0.22% | — | ₹2.98 cr |
| Reduced | P N Gadgil Jewellers Ltd. INE953R01016 | Consumer Durables | 10,976 | -1,89,024 | 0.05% | -0.75pp | ₹0.65 cr |
| — | KEI Industries Ltd. INE878B01027 | Industrial Products | 25 | — | 0.00% | — | ₹0.01 cr |
| Exited | Muthoot Finance Ltd. INE414G01012 | Finance | — | -1,11,897 | — | -2.28pp | — |
| Exited | Hero MotoCorp Ltd. INE158A01026 | Automobiles | — | -30,000 | — | -1.12pp | — |
| Exited | Thermax Ltd. INE152A01029 | Electrical Equipment | — | -27,169 | — | -0.72pp | — |
| Exited | BSE Ltd. INE118H01025 | Capital Markets | — | -10,000 | — | -0.22pp | — |
| Exited | Biocon Ltd. INE376G01013 | Pharmaceuticals & Biotechnology | — | -9,107 | — | -0.03pp | — |
| Exited | 6% TVS MOTOR CO LTD NCRPS 01-09-2026 INE494B04019 | CARE A1 + | — | -4,05,392 | — | -0.03pp | — |
| Exited | 182 DAYS TBILL RED 03-09-2026 IN002025Y487 | SOVEREIGN | — | -5,00,000 | — | -0.34pp | — |
Cash & other
| Clearing Corporation of India Ltd. | 0.93% | ₹12.53 cr |
| Accrued Interest | 0.00% | ₹0 cr |
| Net Receivables/(Payables) | 0.54% | ₹7.54 cr |