Edelweiss Business Cycle Fund
Monthly portfolio · 22 months through May-2026
compared to Mar-2026 · as on MAY 31, 2026
Holdings
68
Scheme AUM
₹1,500 cr
New
18
Exited
20
Increased
2
Reduced
12
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 1,10,000 | — | 3.78% | +0.88pp | ₹56.63 cr |
| New | Cummins India Ltd. INE298A01020 | Industrial Products | 80,000 | — | 3.14% | — | ₹47.05 cr |
| — | Glenmark Pharmaceuticals Ltd. INE935A01035 | Pharmaceuticals & Biotechnology | 1,95,484 | — | 2.96% | -0.06pp | ₹44.47 cr |
| Increased | Polycab India Ltd. INE455K01017 | Industrial Products | 45,000 | +34,750 | 2.84% | +2.33pp | ₹42.65 cr |
| Reduced | State Bank of India INE062A01020 | Banks | 4,25,000 | -5,000 | 2.73% | -0.32pp | ₹40.99 cr |
| — | Laurus Labs Ltd. INE947Q01028 | Pharmaceuticals & Biotechnology | 3,00,000 | — | 2.72% | +0.56pp | ₹40.86 cr |
| — | Hindalco Industries Ltd. INE038A01020 | Non - Ferrous Metals | 3,44,866 | — | 2.59% | +0.38pp | ₹38.86 cr |
| Reduced | Indian Bank INE562A01011 | Banks | 4,53,000 | -1,21,071 | 2.52% | -0.99pp | ₹37.73 cr |
| — | Bharat Electronics Ltd. INE263A01024 | Aerospace & Defense | 8,63,327 | — | 2.36% | -0.14pp | ₹35.46 cr |
| Reduced | Multi Commodity Exchange Of India Ltd. INE745G01043 | Capital Markets | 1,19,551 | -18,190 | 2.35% | -0.03pp | ₹35.32 cr |
| Reduced | Muthoot Finance Ltd. INE414G01012 | Finance | 95,010 | -22,039 | 2.12% | -0.56pp | ₹31.76 cr |
| — | Eicher Motors Ltd. INE066A01021 | Automobiles | 44,000 | — | 2.11% | +0.01pp | ₹31.58 cr |
| Reduced | Canara Bank INE476A01022 | Banks | 24,00,000 | -9,23,615 | 2.09% | -0.88pp | ₹31.39 cr |
| Reduced | BSE Ltd. INE118H01025 | Capital Markets | 74,465 | -6,593 | 2.06% | +0.49pp | ₹30.87 cr |
| — | The Federal Bank Ltd. INE171A01029 | Banks | 10,13,859 | — | 1.95% | +0.05pp | ₹29.3 cr |
| New | Hitachi Energy India Ltd. INE07Y701011 | Electrical Equipment | 7,500 | — | 1.92% | — | ₹28.83 cr |
| Increased | TVS Motor Company Ltd. INE494B01023 | Automobiles | 85,293 | +45,000 | 1.91% | +0.93pp | ₹28.62 cr |
| — | Oil & Natural Gas Corporation Ltd. INE213A01029 | Oil | 10,41,326 | — | 1.84% | -0.31pp | ₹27.64 cr |
| Reduced | AU Small Finance Bank Ltd. INE949L01017 | Banks | 2,64,046 | -3,31,561 | 1.73% | -1.90pp | ₹26 cr |
| — | FSN E-Commerce Ventures Ltd. INE388Y01029 | Retailing | 9,70,000 | — | 1.70% | +0.05pp | ₹25.44 cr |
| — | Fortis Healthcare Ltd. INE061F01013 | Healthcare Services | 2,70,000 | — | 1.67% | +0.12pp | ₹25.07 cr |
| — | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | 1,36,000 | — | 1.66% | -0.09pp | ₹24.87 cr |
| — | Lupin Ltd. INE326A01037 | Pharmaceuticals & Biotechnology | 1,05,860 | — | 1.60% | -0.17pp | ₹24.01 cr |
| Reduced | Union Bank of India INE692A01016 | Banks | 13,95,000 | -5,76,675 | 1.56% | -0.78pp | ₹23.42 cr |
| — | Shriram Finance Ltd. INE721A01047 | Finance | 2,47,025 | — | 1.56% | — | ₹23.4 cr |
| New | Tata Steel Ltd. INE081A01020 | Ferrous Metals | 11,20,000 | — | 1.55% | — | ₹23.3 cr |
| — | ICICI Bank Ltd. INE090A01021 | Banks | 1,79,000 | — | 1.50% | -0.06pp | ₹22.49 cr |
| — | Asian Paints Ltd. INE021A01026 | Consumer Durables | 81,868 | — | 1.46% | +0.18pp | ₹21.87 cr |
| — | National Aluminium Company Ltd. INE139A01034 | Non - Ferrous Metals | 5,07,672 | — | 1.44% | +0.02pp | ₹21.55 cr |
| New | NTPC Green Energy Ltd. INE0ONG01011 | Power | 20,00,000 | — | 1.38% | — | ₹20.7 cr |
| — | Aster DM Healthcare Ltd. INE914M01019 | Healthcare Services | 2,70,000 | — | 1.31% | — | ₹19.67 cr |
| New | Aurobindo Pharma Ltd. INE406A01037 | Pharmaceuticals & Biotechnology | 1,35,000 | — | 1.28% | — | ₹19.26 cr |
| — | Marico Ltd. INE196A01026 | Agricultural Food & other Products | 2,22,233 | — | 1.22% | +0.04pp | ₹18.26 cr |
| — | Axis Bank Ltd. INE238A01034 | Banks | 1,41,176 | — | 1.21% | +0.02pp | ₹18.16 cr |
| — | Aditya Birla Capital Ltd. INE674K01013 | Finance | 4,94,095 | — | 1.20% | +0.15pp | ₹17.95 cr |
| — | Radico Khaitan Ltd. INE944F01028 | Beverages | 48,880 | — | 1.15% | +0.22pp | ₹17.2 cr |
| — | Navin Fluorine International Ltd. INE048G01026 | Chemicals & Petrochemicals | 23,917 | — | 1.14% | +0.07pp | ₹17.05 cr |
| New | Divi's Laboratories Ltd. INE361B01024 | Pharmaceuticals & Biotechnology | 25,000 | — | 1.11% | — | ₹16.67 cr |
| New | Steel Authority of India Ltd. INE114A01011 | Ferrous Metals | 8,10,000 | — | 1.10% | — | ₹16.55 cr |
| — | Endurance Technologies Ltd. INE913H01037 | Auto Components | 60,353 | — | 1.10% | +0.13pp | ₹16.43 cr |
| — | Titan Company Ltd. INE280A01028 | Consumer Durables | 40,000 | — | 1.09% | -0.05pp | ₹16.3 cr |
| New | JSW Energy Ltd. INE121E01018 | Power | 2,71,000 | — | 1.07% | — | ₹16.13 cr |
| — | Sun Pharmaceutical Industries Ltd. INE044A01036 | Pharmaceuticals & Biotechnology | 89,422 | — | 1.07% | -0.07pp | ₹16.09 cr |
| — | L&T Finance Ltd. INE498L01015 | Finance | 5,55,000 | — | 1.06% | +0.09pp | ₹15.91 cr |
| Reduced | Ashok Leyland Ltd. INE208A01029 | Agricultural, Commercial & Construction Vehicles | 10,19,426 | -4,45,774 | 1.06% | -0.57pp | ₹15.85 cr |
| — | Indian Oil Corporation Ltd. INE242A01010 | Petroleum Products | 11,14,022 | — | 1.04% | -0.05pp | ₹15.62 cr |
| New | Avenue Supermarts Ltd. INE192R01011 | Retailing | 38,000 | — | 1.03% | — | ₹15.41 cr |
| — | Reliance Industries Ltd. INE002A01018 | Petroleum Products | 1,16,491 | — | 1.03% | -0.10pp | ₹15.39 cr |
| Reduced | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | 50,000 | -12,000 | 1.02% | -0.31pp | ₹15.23 cr |
| — | InterGlobe Aviation Ltd. INE646L01027 | Transport Services | 33,547 | — | 0.99% | +0.03pp | ₹14.78 cr |
| — | Hero MotoCorp Ltd. INE158A01026 | Automobiles | 30,000 | — | 0.98% | -0.12pp | ₹14.71 cr |
| — | Bajaj Finance Ltd. INE296A01032 | Finance | 1,60,000 | — | 0.97% | +0.04pp | ₹14.53 cr |
| New | KEI Industries Ltd. INE878B01027 | Industrial Products | 27,500 | — | 0.97% | — | ₹14.49 cr |
| New | Apar Industries Ltd. INE372A01015 | Electrical Equipment | 11,000 | — | 0.96% | — | ₹14.43 cr |
| — | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | 10,900 | — | 0.95% | -0.02pp | ₹14.31 cr |
| New | Schaeffler India Ltd. INE513A01022 | Auto Components | 34,000 | — | 0.94% | — | ₹14.04 cr |
| New | PB Fintech Ltd. INE417T01026 | Financial Technology (Fintech) | 82,000 | — | 0.93% | — | ₹13.96 cr |
| — | Karur Vysya Bank Ltd. INE036D01028 | Banks | 4,74,930 | — | 0.91% | -0.09pp | ₹13.71 cr |
| Reduced | APL Apollo Tubes Ltd. INE702C01027 | Industrial Products | 72,553 | -69,734 | 0.89% | -1.11pp | ₹13.29 cr |
| New | NMDC Ltd. INE584A01023 | Minerals & Mining | 15,00,000 | — | 0.88% | — | ₹13.2 cr |
| New | Emcure Pharmaceuticals Ltd. INE168P01015 | Pharmaceuticals & Biotechnology | 77,500 | — | 0.88% | — | ₹13.14 cr |
| New | Mazagon Dock Shipbuilders Ltd. INE249Z01020 | Industrial Manufacturing | 52,000 | — | 0.85% | — | ₹12.77 cr |
| — | Bharat Petroleum Corporation Ltd. INE029A01011 | Petroleum Products | 4,25,843 | — | 0.85% | -0.02pp | ₹12.69 cr |
| — | Jindal Stainless Ltd. INE220G01021 | Ferrous Metals | 1,83,339 | — | 0.84% | -0.10pp | ₹12.56 cr |
| New | Oracle Financial Services Software Ltd. INE881D01027 | IT - Software | 11,225 | — | 0.75% | — | ₹11.18 cr |
| New | 364 DAYS TBILL RED 16-07-2026 IN002025Z161 | SOVEREIGN | 5,00,000 | — | 0.33% | — | ₹4.97 cr |
| Reduced | Punjab National Bank INE160A01022 | Banks | 4,00,000 | -9,31,244 | 0.28% | -0.69pp | ₹4.24 cr |
| — | 6% TVS MOTOR CO LTD NCRPS 01-09-2026 INE494B04019 | Automobiles | 4,05,392 | — | 0.03% | — | ₹0.42 cr |
| Exited | Coromandel International Ltd. INE169A01031 | Fertilizers & Agrochemicals | — | -1,29,578 | — | -1.79pp | — |
| Exited | SBI Life Insurance Company Ltd. INE123W01016 | Insurance | — | -1,28,507 | — | -1.65pp | — |
| Exited | ICICI Prudential Life Insurance Co Ltd. INE726G01019 | Insurance | — | -3,65,737 | — | -1.35pp | — |
| Exited | JK Cement Ltd. INE823G01014 | Cement & Cement Products | — | -35,128 | — | -1.29pp | — |
| Exited | Cholamandalam Financial Holdings Ltd. INE149A01033 | Finance | — | -1,14,931 | — | -1.14pp | — |
| Exited | Alkem Laboratories Ltd. INE540L01014 | Pharmaceuticals & Biotechnology | — | -28,896 | — | -1.11pp | — |
| Exited | UPL Ltd. INE628A01036 | Fertilizers & Agrochemicals | — | -2,57,086 | — | -1.06pp | — |
| Exited | Oil India Ltd. INE274J01014 | Oil | — | -2,82,408 | — | -0.97pp | — |
| Exited | Abbott India Ltd. INE358A01014 | Pharmaceuticals & Biotechnology | — | -4,894 | — | -0.92pp | — |
| Exited | Max Financial Services Ltd. INE180A01020 | Insurance | — | -85,000 | — | -0.92pp | — |
| Exited | Hindustan Petroleum Corporation Ltd. INE094A01015 | Petroleum Products | — | -3,55,000 | — | -0.86pp | — |
| Exited | Mahindra & Mahindra Financial Services Ltd INE774D01024 | Finance | — | -4,08,681 | — | -0.85pp | — |
| Exited | Sundaram Finance Ltd. INE660A01013 | Finance | — | -25,823 | — | -0.82pp | — |
| Exited | Bajaj Finserv Ltd. INE918I01026 | Finance | — | -54,000 | — | -0.64pp | — |
| Exited | HDFC Bank Ltd. INE040A01034 | Banks | — | -99,000 | — | -0.52pp | — |
| Exited | Bharti Hexacom Ltd. INE343G01021 | Telecom - Services | — | -21,954 | — | -0.24pp | — |
| Exited | Infosys Ltd. INE009A01021 | IT - Software | — | -4,851 | — | -0.04pp | — |
| Exited | 364 DAYS TBILL RED 02-04-2026 IN002025Z013 | SOVEREIGN | — | -5,00,000 | — | -0.36pp | — |
| Exited | 91 DAYS TBILL RED 23-04-2026 IN002025X422 | SOVEREIGN | — | -5,00,000 | — | -0.36pp | — |
| Exited | 364 DAYS TBILL RED 04-06-2026 IN002025Z104 | SOVEREIGN | — | -5,00,000 | — | -0.36pp | — |
Cash & other
| Clearing Corporation of India Ltd. | 0.64% | ₹9.6 cr |
| Accrued Interest | 0.00% | ₹0 cr |
| Net Receivables/(Payables) | 0.09% | ₹1.82 cr |