Mahindra Manulife Business Cycle Fund
Monthly portfolio · 24 months through Aug-2026
compared to Jul-2026 · as on August 31, 2026
Holdings
67
Scheme AUM
₹1,364 cr
New
7
Exited
4
Increased
4
Reduced
9
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Reliance Industries Limited INE002A01018 | Petroleum Products | 4,18,860 | — | 3.92% | -0.12pp | ₹53.49 cr |
| — | Grasim Industries Limited INE047A01021 | Cement & Cement Products | 1,35,000 | — | 3.34% | +0.25pp | ₹45.51 cr |
| — | ICICI Bank Limited INE090A01021 | Banks | 3,00,000 | — | 3.20% | +0.03pp | ₹43.62 cr |
| — | JSW Energy Limited INE121E01018 | Power | 7,94,000 | — | 3.03% | -0.22pp | ₹41.32 cr |
| — | Axis Bank Limited INE238A01034 | Banks | 2,85,000 | — | 2.72% | +0.14pp | ₹37.05 cr |
| — | IndusInd Bank Limited INE095A01012 | Banks | 3,59,474 | — | 2.68% | — | ₹36.54 cr |
| Reduced | Bajaj Auto Limited INE917I01010 | Automobiles | 26,733 | -5,000 | 2.38% | -0.31pp | ₹32.43 cr |
| — | Adani Enterprises Limited INE423A01024 | Metals & Minerals Trading | 1,10,000 | — | 2.31% | -0.13pp | ₹31.45 cr |
| — | Indus Towers Limited INE121J01017 | Telecom - Services | 8,00,000 | — | 2.28% | -0.03pp | ₹31.1 cr |
| — | Tech Mahindra Limited INE669C01036 | IT - Software | 1,86,715 | — | 2.23% | -0.04pp | ₹30.4 cr |
| — | Infosys Limited INE009A01021 | IT - Software | 2,62,703 | — | 2.18% | -0.01pp | ₹29.79 cr |
| — | Divi's Laboratories Limited INE361B01024 | Pharmaceuticals & Biotechnology | 30,000 | — | 2.08% | +0.30pp | ₹28.4 cr |
| — | Vodafone Idea Limited INE669E01016 | Telecom - Services | 1,92,02,548 | — | 2.02% | +0.18pp | ₹27.52 cr |
| — | IDFC First Bank Limited INE092T01019 | Banks | 32,00,000 | — | 2.02% | +0.02pp | ₹27.51 cr |
| — | Bandhan Bank Limited INE545U01014 | Banks | 15,66,000 | — | 1.88% | -0.13pp | ₹25.6 cr |
| — | Adani Energy Solutions Limited INE931S01010 | Power | 1,76,000 | — | 1.83% | -0.30pp | ₹24.95 cr |
| Reduced | Ajanta Pharma Limited INE031B01049 | Pharmaceuticals & Biotechnology | 66,686 | -13,870 | 1.76% | -0.30pp | ₹24.02 cr |
| — | The Ramco Cements Limited INE331A01037 | Cement & Cement Products | 2,70,000 | — | 1.74% | -0.09pp | ₹23.75 cr |
| — | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 2,60,004 | — | 1.70% | +0.15pp | ₹23.22 cr |
| Reduced | Bajaj Finance Ltd INE296A01032 | Finance | 2,06,670 | -50,000 | 1.60% | -0.56pp | ₹21.85 cr |
| — | Maruti Suzuki India Limited INE585B01010 | Automobiles | 16,000 | — | 1.59% | -0.09pp | ₹21.68 cr |
| Increased | Glenmark Pharmaceuticals Limited INE935A01035 | Pharmaceuticals & Biotechnology | 86,738 | +30,000 | 1.58% | +0.65pp | ₹21.51 cr |
| — | Kajaria Ceramics Limited INE217B01036 | Consumer Durables | 1,67,666 | — | 1.53% | +0.05pp | ₹20.87 cr |
| Increased | Cochin Shipyard Limited INE704P01025 | Industrial Manufacturing | 1,36,361 | +25,000 | 1.51% | +0.34pp | ₹20.59 cr |
| — | NTPC Limited INE733E01010 | Power | 6,23,333 | — | 1.50% | -0.10pp | ₹20.41 cr |
| — | Ambuja Cements Limited INE079A01024 | Cement & Cement Products | 5,00,000 | — | 1.47% | -0.12pp | ₹20.06 cr |
| — | REC Limited INE020B01018 | Finance | 6,20,000 | — | 1.47% | -0.23pp | ₹20.04 cr |
| Reduced | Shriram Finance Limited INE721A01047 | Finance | 1,80,000 | -45,000 | 1.46% | -0.28pp | ₹19.98 cr |
| Increased | Vedanta Aluminium Metal Limited INE1CDF01017 | Non - Ferrous Metals | 4,50,000 | +2,20,000 | 1.44% | +0.67pp | ₹19.58 cr |
| — | Biocon Limited INE376G01013 | Pharmaceuticals & Biotechnology | 4,62,500 | — | 1.40% | -0.05pp | ₹19.06 cr |
| — | Zydus Lifesciences Limited INE010B01027 | Pharmaceuticals & Biotechnology | 1,63,722 | — | 1.39% | +0.03pp | ₹19.01 cr |
| — | Asahi India Glass Limited INE439A01020 | Auto Components | 1,89,920 | — | 1.33% | +0.10pp | ₹18.08 cr |
| — | Coal India Limited INE522F01014 | Consumable Fuels | 4,49,211 | — | 1.32% | -0.05pp | ₹18.05 cr |
| — | CESC Limited INE486A01021 | Power | 12,19,615 | — | 1.31% | -0.18pp | ₹17.83 cr |
| Increased | Carborundum Universal Limited INE120A01034 | Industrial Products | 1,60,602 | +35,000 | 1.30% | +0.32pp | ₹17.77 cr |
| New | Steel Authority of India Limited INE114A01011 | Ferrous Metals | 9,00,000 | — | 1.29% | — | ₹17.55 cr |
| — | LMW Limited INE269B01029 | Industrial Manufacturing | 9,185 | — | 1.28% | +0.19pp | ₹17.43 cr |
| Reduced | CEAT Limited INE482A01020 | Auto Components | 50,925 | -1,308 | 1.28% | -0.04pp | ₹17.41 cr |
| New | JSW Steel Limited INE019A01038 | Ferrous Metals | 1,30,000 | — | 1.25% | — | ₹17 cr |
| — | Deepak Fertilizers and Petrochemicals Corporation Limited INE501A01019 | Chemicals & Petrochemicals | 1,11,252 | — | 1.15% | -0.12pp | ₹15.65 cr |
| — | Manappuram Finance Limited INE522D01027 | Finance | 4,50,000 | — | 1.12% | -0.11pp | ₹15.3 cr |
| New | Hindalco Industries Limited INE038A01020 | Non - Ferrous Metals | 1,50,000 | — | 1.12% | — | ₹15.23 cr |
| — | Kirloskar Brothers Limited INE732A01036 | Industrial Products | 80,066 | — | 1.12% | +0.02pp | ₹15.21 cr |
| Reduced | The Federal Bank Limited INE171A01029 | Banks | 4,20,000 | -3,60,000 | 1.10% | -0.96pp | ₹14.98 cr |
| — | Sagility Limited INE0W2G01015 | IT - Services | 30,21,008 | — | 1.04% | +0.07pp | ₹14.21 cr |
| — | MphasiS Limited INE356A01018 | IT - Software | 57,000 | — | 1.01% | +0.03pp | ₹13.84 cr |
| — | Ujjivan Small Finance Bank Limited INE551W01018 | Banks | 20,00,000 | — | 1.01% | -0.05pp | ₹13.82 cr |
| — | Punjab National Bank INE160A01022 | Banks | 12,00,000 | — | 1.00% | — | ₹13.71 cr |
| — | Supreme Petrochem Limited INE663A01033 | Chemicals & Petrochemicals | 1,85,430 | — | 0.99% | +0.02pp | ₹13.52 cr |
| Reduced | NMDC Limited INE584A01023 | Minerals & Mining | 15,00,000 | -3,00,000 | 0.97% | -0.16pp | ₹13.23 cr |
| — | Dalmia Bharat Limited INE00R701025 | Cement & Cement Products | 70,000 | — | 0.95% | +0.02pp | ₹12.99 cr |
| — | Gokaldas Exports Limited INE887G01027 | Textiles & Apparels | 1,64,205 | — | 0.94% | -0.05pp | ₹12.82 cr |
| — | Mazagon Dock Shipbuilders Limited INE249Z01020 | Industrial Manufacturing | 50,000 | — | 0.91% | +0.03pp | ₹12.4 cr |
| — | S. P. Apparels Limited INE212I01016 | Textiles & Apparels | 1,15,162 | — | 0.89% | +0.05pp | ₹12.09 cr |
| — | K.P.R. Mill Limited INE930H01031 | Textiles & Apparels | 1,00,000 | — | 0.86% | +0.09pp | ₹11.78 cr |
| — | Sarda Energy and Minerals Limited INE385C01021 | Ferrous Metals | 2,20,000 | — | 0.80% | -0.04pp | ₹10.98 cr |
| New | Tata Consumer Products Limited INE192A01025 | Agricultural Food & other Products | 1,00,000 | — | 0.76% | — | ₹10.38 cr |
| — | NOCIL Limited INE163A01018 | Chemicals & Petrochemicals | 5,87,499 | — | 0.74% | +0.03pp | ₹10.07 cr |
| — | Bank of Baroda INE028A01039 | Banks | 4,00,000 | — | 0.70% | -0.02pp | ₹9.54 cr |
| — | Elecon Engineering Company Limited INE205B01031 | Electrical Equipment | 2,20,071 | — | 0.66% | -0.02pp | ₹9.06 cr |
| — | Tega Industries Limited INE011K01018 | Industrial Manufacturing | 55,165 | — | 0.64% | +0.04pp | ₹8.75 cr |
| Reduced | GAIL (India) Limited INE129A01019 | Gas | 4,55,226 | -5,00,000 | 0.59% | -0.69pp | ₹8.08 cr |
| New | Foseco India Limited INE519A01011 | Chemicals & Petrochemicals | 12,024 | — | 0.57% | — | ₹7.73 cr |
| — | Garden Reach Shipbuilders & Engineers Limited INE382Z01011 | Aerospace & Defense | 30,000 | — | 0.56% | -0.02pp | ₹7.7 cr |
| Reduced | Aurobindo Pharma Limited INE406A01037 | Pharmaceuticals & Biotechnology | 36,132 | -44,022 | 0.45% | -0.48pp | ₹6.2 cr |
| New | Triveni Engineering & Industries Limited INE256C01024 | Agricultural Food & other Products | 1,53,176 | — | 0.33% | — | ₹4.53 cr |
| New | Garware Hi-Tech Films Limited INE291A01017 | Industrial Products | 3,929 | — | 0.21% | — | ₹2.8 cr |
| Exited | ITC Limited INE154A01025 | Diversified FMCG | — | -8,00,000 | — | -1.66pp | — |
| Exited | HCL Technologies Limited INE860A01027 | IT - Software | — | -75,000 | — | -0.74pp | — |
| Exited | Technocraft Industries (India) Limited INE545H01011 | Industrial Products | — | -35,500 | — | -0.68pp | — |
| Exited | Tata Steel Limited INE081A01020 | Ferrous Metals | — | -4,41,725 | — | -0.62pp | — |
Cash & other
| Triparty Repo | 1.67% | ₹22.77 cr |
| Margin placed with CCIL & ARCL | 0.02% | ₹0.25 cr |
| Net Receivables / (Payables) | 1.57% | ₹21.36 cr |
| Net Receivables / (Payables) | 1.54% | ₹21.61 cr |