Hdfc Business Cycle Fund
Monthly portfolio · 24 months through Sep-2026
compared to Aug-2026 · as on 30-Sep-2026
Holdings
63
Scheme AUM
₹2,646 cr
New
2
Exited
5
Increased
1
Reduced
12
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | 8,57,000 | — | 5.69% | +0.09pp | ₹151 cr |
| — | Kotak Mahindra Bank Limited INE237A01036 | Banks | 33,71,080 | — | 5.31% | +0.21pp | ₹141 cr |
| — | ICICI Bank Ltd. INE090A01021 | Banks | 10,42,000 | — | 5.21% | -0.25pp | ₹138 cr |
| — | Titan Company Ltd. INE280A01028 | Consumer Durables | 2,57,399 | — | 4.46% | -0.27pp | ₹118 cr |
| Reduced | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 11,64,887 | -1,70,153 | 3.78% | -0.52pp | ₹100 cr |
| Increased | PEARL GLOBAL INDUSTRIES LIMITED INE940H01022 | Textiles & Apparels | 6,76,732 | +3,38,366 | 3.28% | +0.28pp | ₹86.76 cr |
| — | HDFC Bank Ltd.£ INE040A01034 | Banks | 12,10,000 | — | 3.24% | +0.15pp | ₹85.75 cr |
| — | Eternal Limited INE758T01015 | Retailing | 23,65,839 | — | 2.86% | +0.06pp | ₹75.71 cr |
| — | Vishal Mega Mart Limited INE01EA01019 | Retailing | 65,98,517 | — | 2.52% | -0.11pp | ₹66.65 cr |
| — | Clean Max Enviro Energy Solutions Limited INE647U01026 | Power | 4,74,838 | — | 2.38% | +0.25pp | ₹63.02 cr |
| — | Cholamandalam Investment & Finance Co. Ltd. INE121A01024 | Finance | 3,71,690 | — | 2.28% | -0.21pp | ₹60.21 cr |
| — | Indusind Bank Ltd. INE095A01012 | Banks | 6,57,000 | — | 2.24% | -0.17pp | ₹59.22 cr |
| — | Bajaj Auto Limited INE917I01010 | Automobiles | 54,320 | — | 2.23% | -0.14pp | ₹59.07 cr |
| — | Home First Finance Company India Ltd INE481N01025 | Finance | 5,35,029 | — | 2.23% | -0.02pp | ₹59.11 cr |
| — | Aadhar Housing Finance Limited INE883F01010 | Finance | 13,19,459 | — | 2.17% | -0.06pp | ₹57.53 cr |
| — | ACME Solar Holdings Limited INE622W01025 | Power | 12,24,965 | — | 2.03% | +0.26pp | ₹53.78 cr |
| Reduced | Aether Industries Ltd INE0BWX01014 | Chemicals & Petrochemicals | 3,02,688 | -2,02,500 | 1.94% | -1.14pp | ₹51.44 cr |
| — | Swiggy Limited INE00H001014 | Retailing | 20,46,973 | — | 1.93% | -0.15pp | ₹51.19 cr |
| — | Aptus Value Housing Finance India Ltd INE852O01025 | Finance | 19,90,825 | — | 1.75% | -0.04pp | ₹46.29 cr |
| — | Fortis Healthcare Limited INE061F01013 | Healthcare Services | 5,86,212 | — | 1.71% | -0.21pp | ₹45.14 cr |
| — | Eris Lifesciences Ltd INE406M01024 | Pharmaceuticals & Biotechnology | 3,75,815 | — | 1.69% | -0.07pp | ₹44.79 cr |
| — | MANKIND PHARMA LIMITED INE634S01028 | Pharmaceuticals & Biotechnology | 1,44,403 | — | 1.37% | +0.11pp | ₹36.16 cr |
| — | KSB Ltd INE999A01023 | Industrial Products | 4,06,320 | — | 1.31% | +0.13pp | ₹34.79 cr |
| — | Bharat Dynamics Limited INE171Z01026 | Aerospace & Defense | 3,10,221 | — | 1.30% | -0.13pp | ₹34.44 cr |
| — | ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED INE346A01027 | Capital Markets | 1,07,517 | — | 1.27% | +0.08pp | ₹33.72 cr |
| Reduced | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 75,892 | -28,297 | 1.20% | -0.47pp | ₹31.88 cr |
| New | Glass Wall Systems (India) Limited INE644Q01039 | Other Construction Materials | 10,98,882 | — | 1.17% | — | ₹30.99 cr |
| — | Le Travenues Technology Limited INE0HV901016 | Leisure Services | 19,06,735 | — | 1.17% | +0.05pp | ₹31.06 cr |
| — | Global Health Limited INE474Q01031 | Healthcare Services | 2,25,000 | — | 1.16% | -0.04pp | ₹30.71 cr |
| Reduced | InterGlobe Aviation Ltd. INE646L01027 | Transport Services | 61,380 | -84,620 | 1.16% | -1.59pp | ₹30.59 cr |
| — | Embassy Office Parks REIT INE041025011 | Realty | 6,88,886 | — | 1.13% | +0.04pp | ₹29.93 cr |
| — | 6.68% GOI MAT 070740 IN0020250042 | Sovereign | 30,00,000 | — | 1.07% | +0.03pp | ₹28.34 cr |
| Reduced | Leela Palaces Hotels & Resorts Limited INE0AQ201015 | Leisure Services | 4,75,952 | -68,014 | 1.03% | -0.09pp | ₹27.31 cr |
| — | SRF Ltd. INE647A01010 | Chemicals & Petrochemicals | 1,08,041 | — | 1.01% | +0.01pp | ₹26.71 cr |
| — | PB Fintech Limited INE417T01026 | Financial Technology (Fintech) | 2,43,479 | — | 0.98% | -0.67pp | ₹25.9 cr |
| Reduced | Chalet Hotels Ltd. INE427F01016 | Leisure Services | 2,91,964 | -71,306 | 0.93% | -0.25pp | ₹24.68 cr |
| — | CG Power and Industrial Solutions Ltd. INE067A01029 | Electrical Equipment | 2,72,538 | — | 0.88% | -0.02pp | ₹23.28 cr |
| — | Timken India Ltd. INE325A01013 | Industrial Products | 71,844 | — | 0.85% | +0.03pp | ₹22.53 cr |
| — | Adani Ports & Special Economic Zone INE742F01042 | Transport Infrastructure | 1,19,492 | — | 0.81% | +0.12pp | ₹21.49 cr |
| Reduced | Dhoot Transmission Limited INE01NH01023 | Auto Components | 1,14,810 | -1,14,809 | 0.65% | -0.57pp | ₹17.09 cr |
| — | Sona Blw Precision Forgings INE073K01018 | Auto Components | 1,80,000 | — | 0.56% | +0.03pp | ₹14.94 cr |
| — | Torrent Pharmaceuticals Ltd. INE685A01028 | Pharmaceuticals & Biotechnology | 30,000 | — | 0.54% | -0.01pp | ₹14.4 cr |
| Reduced | Bosch Limited INE323A01026 | Auto Components | 2,900 | -4,100 | 0.52% | -0.74pp | ₹13.66 cr |
| — | G R Infraprojects Limited INE201P01022 | Construction | 1,70,623 | — | 0.52% | -0.02pp | ₹13.66 cr |
| — | RHI MAGNESITA INDIA Limited INE743M01012 | Industrial Products | 3,51,767 | — | 0.51% | +0.04pp | ₹13.54 cr |
| — | WeWork India Management Limited INE085001019 | Commercial Services & Supplies | 1,99,058 | — | 0.50% | +0.01pp | ₹13.15 cr |
| Reduced | Axis Bank Ltd. INE238A01034 | Banks | 99,162 | -30,000 | 0.46% | -0.15pp | ₹12.16 cr |
| — | Brainbees Solutions Limited (FirstCry) INE02RE01045 | Retailing | 5,71,776 | — | 0.39% | +0.01pp | ₹10.29 cr |
| — | JSW Energy Ltd. INE121E01018 | Power | 2,08,663 | — | 0.39% | — | ₹10.32 cr |
| — | Ola Electric Mobility Limited INE0LXG01040 | Automobiles | 27,10,300 | — | 0.38% | -0.02pp | ₹10.01 cr |
| New | Rentomojo Limited INE08T701025 | Commercial Services & Supplies | 1,98,024 | — | 0.38% | — | ₹10.11 cr |
| — | AWFIS SPACE SOLUTIONS LIMITED INE108V01019 | Commercial Services & Supplies | 3,21,883 | — | 0.30% | — | ₹7.86 cr |
| — | Grindwell Norton Ltd. INE536A01023 | Industrial Products | 35,948 | — | 0.27% | +0.01pp | ₹7.17 cr |
| — | PNC Infratech Ltd. INE195J01029 | Construction | 5,14,198 | — | 0.26% | -0.09pp | ₹6.85 cr |
| — | Ceigall India Limited INE0AG901020 | Construction | 1,72,381 | — | 0.25% | +0.04pp | ₹6.6 cr |
| — | Lumino Industries Limited INE185Q01025 | Industrial Products | 6,57,566 | — | 0.25% | +0.06pp | ₹6.74 cr |
| Reduced | INDO-MIM Limited INE084101034 | Industrial Manufacturing | 51,540 | -51,540 | 0.24% | -0.09pp | ₹6.4 cr |
| Reduced | Shiprocket Limited INE0FOO01011 | Transport Services | 5,16,824 | -5,16,824 | 0.23% | -0.29pp | ₹6.21 cr |
| — | Crompton Greaves Consumer Elec. Ltd. INE299U01018 | Consumer Durables | 2,69,050 | — | 0.21% | -0.02pp | ₹5.61 cr |
| — | SULA VINEYARDS LIMITED INE142Q01026 | Beverages | 3,89,660 | — | 0.20% | -0.01pp | ₹5.19 cr |
| — | Star Health and Allied Insurance Company Ltd INE575P01011 | Insurance | 74,343 | — | 0.15% | — | ₹3.97 cr |
| — | Afcons Infrastructure Limited INE101I01011 | Construction | 1,32,457 | — | 0.12% | -0.02pp | ₹3.28 cr |
| Reduced | Tempsens Instruments (India) Limited INE1KZI01025 | Industrial Manufacturing | 57,750 | -57,750 | 0.11% | -0.12pp | ₹3.04 cr |
| Exited | Shriram Finance Ltd. INE721A01047 | Finance | — | -1,09,153 | — | -0.44pp | — |
| Exited | Ambuja Cements Ltd. INE079A01024 | Cement & Cement Products | — | -2,00,789 | — | -0.29pp | — |
| Exited | Tata Motors Limited INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | — | -1,45,000 | — | -0.25pp | — |
| Exited | Au Small Finance Bank Ltd. INE949L01017 | Banks | — | -54,820 | — | -0.21pp | — |
| Exited | Godrej Properties Ltd. INE484J01027 | Realty | — | -18,650 | — | -0.14pp | — |
Cash & other
| TREPS - Tri-party Repo | 10.92% | ₹289 cr |
| Net Current Assets | -0.04% | ₹-2.32 cr |