Mahindra Manulife Business Cycle Fund
Monthly portfolio · 24 months through May-2026
compared to Apr-2026 · as on May 31, 2026
Holdings
68
Scheme AUM
₹1,305 cr
New
2
Exited
4
Increased
8
Reduced
6
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | Reliance Industries Limited INE002A01018 | Petroleum Products | 4,18,860 | — | 4.24% | -0.35pp | ₹55.34 cr |
| Increased | JSW Energy Limited INE121E01018 | Power | 7,94,000 | +1,50,000 | 3.62% | +0.85pp | ₹47.25 cr |
| — | Grasim Industries Limited INE047A01021 | Cement & Cement Products | 1,35,000 | — | 3.23% | +0.34pp | ₹42.15 cr |
| — | Infosys Limited INE009A01021 | IT - Software | 3,32,703 | — | 2.96% | -0.05pp | ₹38.62 cr |
| Reduced | Bajaj Auto Limited INE917I01010 | Automobiles | 36,600 | -10,400 | 2.93% | -0.67pp | ₹38.28 cr |
| Reduced | Indus Towers Limited INE121J01017 | Telecom - Services | 8,00,000 | -2,00,000 | 2.71% | -0.43pp | ₹35.36 cr |
| Increased | Vodafone Idea Limited INE669E01016 | Telecom - Services | 2,40,03,185 | +22,00,000 | 2.57% | +0.86pp | ₹33.58 cr |
| — | IndusInd Bank Limited INE095A01012 | Banks | 3,59,474 | — | 2.52% | — | ₹32.87 cr |
| Increased | Bandhan Bank Limited INE545U01014 | Banks | 15,66,000 | +5,00,000 | 2.50% | +0.87pp | ₹32.62 cr |
| Increased | Adani Enterprises Limited INE423A01024 | Metals & Minerals Trading | 1,10,000 | +50,000 | 2.48% | +1.37pp | ₹32.31 cr |
| — | CESC Limited INE486A01021 | Power | 16,49,615 | — | 2.30% | -0.07pp | ₹30.04 cr |
| — | HDFC Bank Limited INE040A01034 | Banks | 3,75,000 | — | 2.14% | -0.08pp | ₹27.92 cr |
| — | Tech Mahindra Limited INE669C01036 | IT - Software | 1,86,715 | — | 2.12% | +0.01pp | ₹27.71 cr |
| — | ICICI Bank Limited INE090A01021 | Banks | 2,00,000 | — | 1.93% | — | ₹25.13 cr |
| — | NTPC Limited INE733E01010 | Power | 6,23,333 | — | 1.85% | -0.05pp | ₹24.12 cr |
| — | The Ramco Cements Limited INE331A01037 | Cement & Cement Products | 2,70,000 | — | 1.80% | -0.13pp | ₹23.52 cr |
| — | Divi's Laboratories Limited INE361B01024 | Pharmaceuticals & Biotechnology | 34,500 | — | 1.76% | +0.04pp | ₹23 cr |
| — | ITC Limited INE154A01025 | Diversified FMCG | 8,00,000 | — | 1.76% | -0.17pp | ₹22.95 cr |
| — | The Federal Bank Limited INE171A01029 | Banks | 7,80,000 | — | 1.73% | +0.02pp | ₹22.54 cr |
| — | Shriram Finance Limited INE721A01047 | Finance | 2,25,000 | — | 1.63% | +0.02pp | ₹21.31 cr |
| — | Maruti Suzuki India Limited INE585B01010 | Automobiles | 16,000 | — | 1.61% | -0.02pp | ₹21 cr |
| — | REC Limited INE020B01018 | Finance | 6,20,000 | — | 1.60% | -0.08pp | ₹20.93 cr |
| Reduced | Tata Steel Limited INE081A01020 | Ferrous Metals | 9,91,725 | -3,00,000 | 1.58% | -0.51pp | ₹20.63 cr |
| — | Coal India Limited INE522F01014 | Consumable Fuels | 4,49,211 | — | 1.58% | -0.08pp | ₹20.57 cr |
| Reduced | Aurobindo Pharma Limited INE406A01037 | Pharmaceuticals & Biotechnology | 1,40,154 | -4,846 | 1.53% | -0.01pp | ₹19.99 cr |
| — | Biocon Limited INE376G01013 | Pharmaceuticals & Biotechnology | 4,62,500 | — | 1.52% | +0.25pp | ₹19.83 cr |
| — | IDFC First Bank Limited INE092T01019 | Banks | 27,00,000 | — | 1.48% | +0.04pp | ₹19.26 cr |
| Increased | Ajanta Pharma Limited INE031B01049 | Pharmaceuticals & Biotechnology | 65,484 | +2,480 | 1.47% | +0.11pp | ₹19.18 cr |
| — | Kajaria Ceramics Limited INE217B01036 | Consumer Durables | 1,78,547 | — | 1.47% | -0.15pp | ₹19.15 cr |
| — | Bank of Baroda INE028A01039 | Banks | 7,00,000 | — | 1.44% | +0.03pp | ₹18.8 cr |
| — | Bajaj Finance Ltd INE296A01032 | Finance | 2,06,670 | — | 1.44% | -0.04pp | ₹18.77 cr |
| New | Zydus Lifesciences Limited INE010B01027 | Pharmaceuticals & Biotechnology | 1,65,000 | — | 1.36% | — | ₹17.78 cr |
| — | UltraTech Cement Limited INE481G01011 | Cement & Cement Products | 15,000 | — | 1.32% | -0.01pp | ₹17.22 cr |
| — | Asahi India Glass Limited INE439A01020 | Auto Components | 1,89,920 | — | 1.31% | +0.09pp | ₹17.14 cr |
| — | CEAT Limited INE482A01020 | Auto Components | 52,233 | — | 1.30% | -0.08pp | ₹16.93 cr |
| — | Cochin Shipyard Limited INE704P01025 | Industrial Manufacturing | 1,11,361 | — | 1.25% | -0.23pp | ₹16.34 cr |
| Reduced | NMDC Limited INE584A01023 | Minerals & Mining | 18,00,000 | -2,00,000 | 1.21% | -0.17pp | ₹15.84 cr |
| — | GAIL (India) Limited INE129A01019 | Gas | 9,55,226 | — | 1.20% | +0.01pp | ₹15.71 cr |
| — | Manappuram Finance Limited INE522D01027 | Finance | 4,50,000 | — | 1.12% | +0.11pp | ₹14.64 cr |
| — | LMW Limited INE269B01029 | Industrial Manufacturing | 9,185 | — | 1.11% | +0.09pp | ₹14.43 cr |
| — | Anthem Biosciences Limited INE0CZ201020 | Pharmaceuticals & Biotechnology | 1,83,263 | — | 1.07% | — | ₹13.93 cr |
| — | Kirloskar Brothers Limited INE732A01036 | Industrial Products | 80,066 | — | 1.00% | -0.06pp | ₹13.07 cr |
| — | GlaxoSmithKline Pharmaceuticals Limited INE159A01016 | Pharmaceuticals & Biotechnology | 58,937 | — | 1.00% | -0.05pp | ₹13.03 cr |
| New | MphasiS Limited INE356A01018 | IT - Software | 57,000 | — | 0.99% | — | ₹12.95 cr |
| Increased | Carborundum Universal Limited INE120A01034 | Industrial Products | 1,25,548 | +33,980 | 0.99% | +0.32pp | ₹12.92 cr |
| Reduced | Glenmark Pharmaceuticals Limited INE935A01035 | Pharmaceuticals & Biotechnology | 56,738 | -28,262 | 0.99% | -0.58pp | ₹12.91 cr |
| — | Sagility Limited INE0W2G01015 | IT - Services | 30,21,008 | — | 0.95% | -0.02pp | ₹12.4 cr |
| — | Supreme Petrochem Limited INE663A01033 | Chemicals & Petrochemicals | 1,85,430 | — | 0.95% | -0.12pp | ₹12.34 cr |
| — | Whirlpool of India Limited INE716A01013 | Consumer Durables | 1,50,000 | — | 0.95% | -0.18pp | ₹12.34 cr |
| Increased | Mazagon Dock Shipbuilders Limited INE249Z01020 | Industrial Manufacturing | 50,000 | +20,000 | 0.94% | +0.31pp | ₹12.28 cr |
| — | Dalmia Bharat Limited INE00R701025 | Cement & Cement Products | 70,000 | — | 0.94% | -0.08pp | ₹12.24 cr |
| — | Gokaldas Exports Limited INE887G01027 | Textiles & Apparels | 1,64,205 | — | 0.87% | -0.01pp | ₹11.36 cr |
| — | Sarda Energy and Minerals Limited INE385C01021 | Ferrous Metals | 2,20,000 | — | 0.86% | -0.14pp | ₹11.26 cr |
| — | Ambuja Cements Limited INE079A01024 | Cement & Cement Products | 2,50,000 | — | 0.86% | +0.01pp | ₹11.2 cr |
| Increased | Elecon Engineering Company Limited INE205B01031 | Electrical Equipment | 2,13,680 | +25,551 | 0.84% | +0.11pp | ₹10.9 cr |
| — | Ujjivan Small Finance Bank Limited INE551W01018 | Banks | 20,00,000 | — | 0.83% | -0.04pp | ₹10.88 cr |
| — | Sun TV Network Limited INE424H01027 | Entertainment | 2,00,000 | — | 0.77% | -0.16pp | ₹10.04 cr |
| — | NOCIL Limited INE163A01018 | Chemicals & Petrochemicals | 5,87,499 | — | 0.76% | -0.05pp | ₹9.88 cr |
| — | Tega Industries Limited INE011K01018 | Industrial Manufacturing | 55,165 | — | 0.75% | +0.05pp | ₹9.74 cr |
| — | K.P.R. Mill Limited INE930H01031 | Textiles & Apparels | 1,00,000 | — | 0.74% | +0.02pp | ₹9.67 cr |
| — | S. P. Apparels Limited INE212I01016 | Textiles & Apparels | 1,15,162 | — | 0.69% | -0.02pp | ₹9.01 cr |
| — | HCL Technologies Limited INE860A01027 | IT - Software | 75,000 | — | 0.68% | -0.01pp | ₹8.88 cr |
| — | Technocraft Industries (India) Limited INE545H01011 | Industrial Products | 35,500 | — | 0.67% | -0.01pp | ₹8.75 cr |
| — | Garden Reach Shipbuilders & Engineers Limited INE382Z01011 | Aerospace & Defense | 30,000 | — | 0.61% | -0.06pp | ₹7.96 cr |
| — | Vedanta Aluminium Metal Limited INE1CDF01017 | Non - Ferrous Metals | 2,30,000 | — | 0.21% | — | ₹2.78 cr |
| — | Talwandi Sabo Power Limited INE694L01019 | Power | 2,30,000 | — | 0.21% | — | ₹2.78 cr |
| — | Malco Energy Limited INE704J01044 | Oil | 2,30,000 | — | 0.21% | — | ₹2.78 cr |
| — | Vedanta Iron And Steel Limited INE1CLE01013 | Ferrous Metals | 2,30,000 | — | 0.21% | — | ₹2.78 cr |
| Exited | Tata Consultancy Services Limited INE467B01029 | IT - Software | — | -48,000 | — | -0.91pp | — |
| Exited | Bosch Limited INE323A01026 | Auto Components | — | -2,000 | — | -0.55pp | — |
| Exited | Vedanta Limited INE205A01025 | Diversified Metals | — | -2,30,000 | — | -0.48pp | — |
| Exited | ABB India Limited INE117A01022 | Electrical Equipment | — | -7,250 | — | -0.40pp | — |
Cash & other
| Triparty Repo | 1.63% | ₹21.23 cr |
| Margin placed with CCIL & ARCL | 0.02% | ₹0.25 cr |
| Net Receivables / (Payables) | 0.13% | ₹1.48 cr |
| Net Receivables / (Payables) | 0.15% | ₹1.73 cr |