Hdfc Business Cycle Fund
Monthly portfolio · 9 months through May-2026
compared to Apr-2026 · as on 31-May-2026
Holdings
59
Scheme AUM
₹2,577 cr
New
3
Exited
3
Increased
6
Reduced
9
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | 8,57,000 | — | 6.08% | -0.13pp | ₹157 cr |
| — | Eternal Limited INE758T01015 | Retailing | 54,65,839 | — | 5.31% | +0.12pp | ₹137 cr |
| — | ICICI Bank Ltd. INE090A01021 | Banks | 10,42,000 | — | 5.08% | +0.02pp | ₹131 cr |
| — | Kotak Mahindra Bank Limited INE237A01036 | Banks | 33,71,080 | — | 5.03% | +0.07pp | ₹130 cr |
| — | Titan Company Ltd. INE280A01028 | Consumer Durables | 2,57,399 | — | 4.07% | -0.26pp | ₹105 cr |
| — | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 13,35,040 | — | 3.94% | +0.04pp | ₹101 cr |
| — | HDFC Bank Ltd.£ INE040A01034 | Banks | 12,10,000 | — | 3.50% | -0.09pp | ₹90.09 cr |
| — | Fortis Healthcare Limited INE061F01013 | Healthcare Services | 9,46,212 | — | 3.41% | +0.06pp | ₹87.85 cr |
| — | Vishal Mega Mart Limited INE01EA01019 | Retailing | 65,98,517 | — | 3.12% | +0.02pp | ₹80.35 cr |
| — | InterGlobe Aviation Ltd. INE646L01027 | Transport Services | 1,66,000 | — | 2.84% | +0.10pp | ₹73.12 cr |
| — | Aptus Value Housing Finance India Ltd INE852O01025 | Finance | 26,83,602 | — | 2.71% | +0.03pp | ₹69.85 cr |
| — | Cholamandalam Investment & Finance Co. Ltd. INE121A01024 | Finance | 4,48,994 | — | 2.68% | -0.01pp | ₹69.04 cr |
| — | Bajaj Auto Limited INE917I01010 | Automobiles | 63,500 | — | 2.58% | +0.14pp | ₹66.42 cr |
| — | Indusind Bank Ltd. INE095A01012 | Banks | 6,57,000 | — | 2.33% | +0.02pp | ₹60.07 cr |
| — | Aether Industries Ltd INE0BWX01014 | Chemicals & Petrochemicals | 5,45,188 | — | 2.32% | -0.13pp | ₹59.86 cr |
| Increased | PEARL GLOBAL INDUSTRIES LIMITED INE940H01022 | Textiles & Apparels | 3,37,805 | +1,44,723 | 2.17% | +1.03pp | ₹55.86 cr |
| Increased | Swiggy Limited INE00H001014 | Retailing | 20,46,973 | +8,43,036 | 2.05% | +0.80pp | ₹52.79 cr |
| — | Clean Max Enviro Energy Solutions Limited INE647U01026 | Power | 4,74,838 | — | 2.04% | -0.04pp | ₹52.7 cr |
| — | Eris Lifesciences Ltd INE406M01024 | Pharmaceuticals & Biotechnology | 3,75,815 | — | 2.04% | +0.13pp | ₹52.58 cr |
| — | Home First Finance Company India Ltd INE481N01025 | Finance | 4,35,029 | — | 1.80% | -0.14pp | ₹46.34 cr |
| Increased | Aadhar Housing Finance Limited INE883F01010 | Finance | 8,76,797 | +2,97,017 | 1.62% | +0.53pp | ₹41.84 cr |
| — | PB Fintech Limited INE417T01026 | Financial Technology (Fintech) | 2,43,479 | — | 1.61% | +0.05pp | ₹41.45 cr |
| New | Axis Bank Ltd. INE238A01034 | Banks | 2,99,162 | — | 1.49% | — | ₹38.49 cr |
| — | ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED INE346A01027 | Capital Markets | 1,07,517 | — | 1.48% | +0.12pp | ₹38.04 cr |
| Increased | Bharat Dynamics Limited INE171Z01026 | Aerospace & Defense | 3,10,221 | +1,24,164 | 1.45% | +0.48pp | ₹37.37 cr |
| — | CG Power and Industrial Solutions Ltd. INE067A01029 | Electrical Equipment | 3,92,538 | — | 1.40% | +0.17pp | ₹36.01 cr |
| — | MANKIND PHARMA LIMITED INE634S01028 | Pharmaceuticals & Biotechnology | 1,44,403 | — | 1.33% | +0.08pp | ₹34.3 cr |
| — | SRF Ltd. INE647A01010 | Chemicals & Petrochemicals | 1,08,041 | — | 1.14% | +0.10pp | ₹29.34 cr |
| — | Embassy Office Parks REIT INE041025011 | Realty | 6,88,886 | — | 1.14% | +0.02pp | ₹29.43 cr |
| Increased | Chalet Hotels Ltd. INE427F01016 | Leisure Services | 3,63,270 | +2,77,125 | 1.11% | +0.86pp | ₹28.5 cr |
| — | 6.68% GOI MAT 070740 IN0020250042 | Sovereign | 30,00,000 | — | 1.10% | +0.01pp | ₹28.31 cr |
| New | Global Health Limited INE474Q01031 | Healthcare Services | 2,25,000 | — | 1.04% | — | ₹26.75 cr |
| Reduced | Timken India Ltd. INE325A01013 | Industrial Products | 71,844 | -25,000 | 1.01% | -0.27pp | ₹26.08 cr |
| — | Ambuja Cements Ltd. INE079A01024 | Cement & Cement Products | 5,50,789 | — | 0.96% | +0.02pp | ₹24.67 cr |
| — | WeWork India Management Limited INE085001019 | Commercial Services & Supplies | 3,78,939 | — | 0.88% | +0.08pp | ₹22.77 cr |
| — | Leela Palaces Hotels & Resorts Limited INE0AQ201015 | Leisure Services | 5,43,966 | — | 0.87% | -0.02pp | ₹22.49 cr |
| — | Adani Ports & Special Economic Zone INE742F01042 | Transport Infrastructure | 1,19,492 | — | 0.84% | +0.08pp | ₹21.56 cr |
| — | ACME Solar Holdings Limited INE622W01025 | Power | 6,90,081 | — | 0.83% | +0.03pp | ₹21.4 cr |
| — | Sona Blw Precision Forgings INE073K01018 | Auto Components | 3,50,000 | — | 0.82% | — | ₹21.26 cr |
| — | Sagility Limited INE0W2G01015 | IT - Services | 44,88,361 | — | 0.71% | -0.01pp | ₹18.42 cr |
| Reduced | Ceigall India Limited INE0AG901020 | Construction | 4,83,673 | -28,917 | 0.65% | -0.02pp | ₹16.79 cr |
| — | G R Infraprojects Limited INE201P01022 | Construction | 1,70,623 | — | 0.60% | -0.01pp | ₹15.35 cr |
| — | RHI MAGNESITA INDIA Limited INE743M01012 | Industrial Products | 3,51,767 | — | 0.55% | — | ₹14.3 cr |
| Reduced | Brainbees Solutions Limited (FirstCry) INE02RE01045 | Retailing | 5,71,776 | -2,87,722 | 0.50% | -0.29pp | ₹12.89 cr |
| Reduced | Shriram Finance Ltd. INE721A01047 | Finance | 1,34,153 | -1,30,847 | 0.49% | -0.46pp | ₹12.71 cr |
| — | JSW Energy Ltd. INE121E01018 | Power | 2,08,663 | — | 0.48% | +0.03pp | ₹12.42 cr |
| — | Ola Electric Mobility Limited INE0LXG01040 | Automobiles | 27,10,300 | — | 0.44% | +0.06pp | ₹11.25 cr |
| — | AWFIS SPACE SOLUTIONS LIMITED INE108V01019 | Commercial Services & Supplies | 3,21,883 | — | 0.41% | -0.02pp | ₹10.55 cr |
| — | PNC Infratech Ltd. INE195J01029 | Construction | 5,14,198 | — | 0.41% | -0.01pp | ₹10.53 cr |
| Reduced | Afcons Infrastructure Limited INE101I01011 | Construction | 2,82,457 | -3,03,808 | 0.37% | -0.39pp | ₹9.58 cr |
| — | Crompton Greaves Consumer Elec. Ltd. INE299U01018 | Consumer Durables | 2,69,050 | — | 0.29% | +0.01pp | ₹7.56 cr |
| Reduced | The Phoenix Mills Limited INE211B01039 | Realty | 39,725 | -39,000 | 0.27% | -0.26pp | ₹7.04 cr |
| — | Grindwell Norton Ltd. INE536A01023 | Industrial Products | 35,948 | — | 0.26% | +0.04pp | ₹6.61 cr |
| — | SULA VINEYARDS LIMITED INE142Q01026 | Beverages | 3,89,660 | — | 0.24% | -0.02pp | ₹6.12 cr |
| Reduced | Godrej Properties Ltd. INE484J01027 | Realty | 33,650 | -30,000 | 0.23% | -0.22pp | ₹5.93 cr |
| Reduced | Au Small Finance Bank Ltd. INE949L01017 | Banks | 54,820 | -50,000 | 0.21% | -0.20pp | ₹5.4 cr |
| Reduced | Tata Motors Limited INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 1,45,000 | -2,00,000 | 0.21% | -0.33pp | ₹5.5 cr |
| Increased | NUVAMA WEALTH MANAGEMENT LTD. INE531F01023 | Capital Markets | 30,998 | +13,324 | 0.19% | +0.10pp | ₹4.82 cr |
| New | Le Travenues Technology Limited INE0HV901016 | Leisure Services | 95,822 | — | 0.06% | — | ₹1.61 cr |
| Exited | Lupin Ltd. INE326A01037 | Pharmaceuticals & Biotechnology | — | -1,23,305 | — | -1.09pp | — |
| Exited | AEQUS LIMITED INE947N01017 | Aerospace & Defense | — | -3,78,826 | — | -0.27pp | — |
| Exited | ESCORTS KUBOTA LIMITED INE042A01014 | Agricultural, Commercial & Construction Vehicles | — | -18,718 | — | -0.23pp | — |
Cash & other
| TREPS - Tri-party Repo | 5.70% | ₹147 cr |
| Net Current Assets | -0.49% | ₹-12.47 cr |