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Sectoral / Thematic · Aditya Birla Sun Life Mutual Fund · AMFI code 149294Aditya Birla Sun Life Business Cycle Fund
Disclosed for 57 months, Dec 2021 to Sep 2026.Published as: ADITYA BIRLA SUN LIFE BUSINESS CYCLE FUND
Portfolio value
₹1,725 Cr
down ₹118 Cr vs Aug 2026
- Stocks held
- 58
- unchanged
- Top 10 weight
- 28.3%
- of the portfolio in its ten largest
- Cash & debt
- 0.9%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 7, trimmed 49
Aditya Birla Sun Life Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Aditya Birla Sun Life Mutual Fund. In September 2026 it disclosed 58 stocks worth ₹1,725 Cr, down ₹118 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (4.0%), The Federal Bank Limited (3.3%), Shivalik Bimetal Controls Ltd (2.9%); the ten largest together made up 28.3% of the portfolio, and Banks was the biggest sector at 13.0% of its equity. Cash and debt stood at 0.9%. Compared with Aug 2026 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
5%
Top-10 weight is higher than 5% of peers
Breadth
81%
Holds more stocks than 81% of peers
Cash
15%
Holds more cash than 15% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 4.04%
- Δ weight
- down 0.12 pts
- Value
- ₹69.7 Cr
- Δ value
- down ₹7 Cr
- Status
- Trimmed
- Weight
- 3.28%
- Δ weight
- down 0.17 pts
- Value
- ₹56.7 Cr
- Δ value
- down ₹7 Cr
- Status
- Trimmed
- Weight
- 2.92%
- Δ weight
- up 0.19 pts
- Value
- ₹50.5 Cr
- Δ value
- up ₹8 L
- Status
- Held
- Weight
- 2.76%
- Δ weight
- down 0.24 pts
- Value
- ₹47.6 Cr
- Δ value
- down ₹7.8 Cr
- Status
- Trimmed
- Weight
- 2.63%
- Δ weight
- down 0.01 pts
- Value
- ₹45.5 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 2.59%
- Δ weight
- up 0.00 pts
- Value
- ₹44.6 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 2.57%
- Δ weight
- up 0.27 pts
- Value
- ₹44.3 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 2.54%
- Δ weight
- down 0.02 pts
- Value
- ₹43.9 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 2.50%
- Δ weight
- down 0.08 pts
- Value
- ₹43.2 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 2.49%
- Δ weight
- down 0.00 pts
- Value
- ₹43 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 2.39%
- Δ weight
- up 0.03 pts
- Value
- ₹41.2 Cr
- Δ value
- down ₹2.4 Cr
- Status
- Trimmed
- Weight
- 2.35%
- Δ weight
- up 0.03 pts
- Value
- ₹40.6 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 2.31%
- Δ weight
- down 0.05 pts
- Value
- ₹39.9 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 2.28%
- Δ weight
- up 0.16 pts
- Value
- ₹39.3 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 2.28%
- Δ weight
- down 0.04 pts
- Value
- ₹39.3 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- up 0.03 pts
- Value
- ₹38.5 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 2.18%
- Δ weight
- down 0.13 pts
- Value
- ₹37.6 Cr
- Δ value
- down ₹5 Cr
- Status
- Trimmed
- Weight
- 2.09%
- Δ weight
- up 0.03 pts
- Value
- ₹36 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 2.07%
- Δ weight
- down 0.26 pts
- Value
- ₹35.6 Cr
- Δ value
- down ₹7.3 Cr
- Status
- Trimmed
- Weight
- 2.05%
- Δ weight
- up 0.50 pts
- Value
- ₹35.3 Cr
- Δ value
- up ₹6.9 Cr
- Status
- Added
- Weight
- 2.04%
- Δ weight
- down 0.05 pts
- Value
- ₹35.2 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- down 0.09 pts
- Value
- ₹33.4 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 1.89%
- Δ weight
- up 0.04 pts
- Value
- ₹32.6 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.86%
- Δ weight
- up 0.01 pts
- Value
- ₹32 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.81%
- Δ weight
- down 0.01 pts
- Value
- ₹31.2 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- down 0.02 pts
- Value
- ₹30 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- up 0.05 pts
- Value
- ₹28.5 Cr
- Δ value
- down ₹97 L
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- up 0.13 pts
- Value
- ₹27.9 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.57%
- Δ weight
- down 0.09 pts
- Value
- ₹27 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 0.00 pts
- Value
- ₹26.2 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 0.15 pts
- Value
- ₹26.1 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- up 0.08 pts
- Value
- ₹25.5 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 1.45%
- Δ weight
- up 0.01 pts
- Value
- ₹25.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.41%
- Δ weight
- down 0.06 pts
- Value
- ₹24.3 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- down 0.06 pts
- Value
- ₹24.2 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- up 0.13 pts
- Value
- ₹24 Cr
- Δ value
- up ₹79 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- down 0.06 pts
- Value
- ₹23.7 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 0.06 pts
- Value
- ₹23.5 Cr
- Δ value
- down ₹60 L
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 0.07 pts
- Value
- ₹23.4 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.33%
- Δ weight
- down 0.06 pts
- Value
- ₹23 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- down 0.01 pts
- Value
- ₹22.4 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- up 0.00 pts
- Value
- ₹22.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- up 0.19 pts
- Value
- ₹21.1 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- down 0.05 pts
- Value
- ₹19.2 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.09 pts
- Value
- ₹19 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.01 pts
- Value
- ₹18.7 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down 0.01 pts
- Value
- ₹18.3 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- up 1.03 pts
- Value
- ₹17.8 Cr
- Δ value
- up ₹17.8 Cr
- Status
- New
- Weight
- 0.96%
- Δ weight
- up 0.02 pts
- Value
- ₹16.5 Cr
- Δ value
- down ₹71 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.03 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.12 pts
- Value
- ₹15.9 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- up 0.03 pts
- Value
- ₹15.8 Cr
- Δ value
- down ₹58 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.88%
- Δ weight
- down 0.18 pts
- Value
- ₹15.1 Cr
- Δ value
- down ₹4.3 Cr
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- up 0.02 pts
- Value
- ₹15 Cr
- Δ value
- down ₹64 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.00 pts
- Value
- ₹14.6 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- down 0.01 pts
- Value
- ₹13.9 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- up 0.03 pts
- Value
- ₹12.2 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 0.70%
- Δ weight
- down 0.00 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹90 L
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- down 0.00 pts
- Value
- ₹9 L
- Δ value
- down ₹1 L
- Status
- Trimmed
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Grasim Industries Limited1.0% · ₹17.8 Cr
Exited Exited (1)
- UltraTech Cement Limitedwas 1.1% · ₹20 Cr
Added Biggest additions
- Syrma SGS Technology Limitedup ₹6.9 Cr (+0.50% pts)
- Meesho Ltdup ₹2.1 Cr (+0.19% pts)
- Sai Life Sciences Limitedup ₹1.9 Cr (+0.27% pts)
- Lenskart Solutions Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Industrial Manufacturing (+0.5 pts) and Pharmaceuticals & Biotechnology (+0.5 pts), and fell most in Banks (−0.3 pts) and Automobiles (−0.3 pts).
- Industrial Manufacturing1.6% → 2.1%+0.5 pts
- Pharmaceuticals & Biotechnology7.6% → 8.1%+0.5 pts
- Retailing5.7% → 6.1%+0.3 pts
- Realty2.2% → 2.3%+0.2 pts
- Banks13.3% → 13.0%−0.3 pts
- Automobiles6.2% → 5.9%−0.3 pts
- Healthcare Services5.9% → 5.6%−0.3 pts
- Finance7.7% → 7.5%−0.3 pts
- IT - Software8.6% → 8.4%−0.2 pts
- Auto Components6.3% → 6.2%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Banks | 25.8% | 23.2% | 21.2% | 14.8% | 13.3% | 13.0% |
| IT - Software | 10.1% | 9.9% | 9.5% | 1.2% | 8.6% | 8.4% |
| Pharmaceuticals & Biotechnology | 4.5% | 2.6% | 2.2% | 7.4% | 7.6% | 8.1% |
| Finance | 9.8% | 4.5% | 4.2% | 6.0% | 7.7% | 7.5% |
| Industrial Products | 3.8% | 7.0% | 7.3% | 9.8% | 7.1% | 7.1% |
| Auto Components | 1.1% | 3.6% | 3.6% | 7.6% | 6.3% | 6.2% |
| Retailing | 1.0% | 1.4% | 4.9% | 6.9% | 5.7% | 6.1% |
| Automobiles | 2.3% | 5.6% | 4.8% | 3.7% | 6.2% | 5.9% |
| Healthcare Services | 3.3% | 2.4% | 2.4% | 7.7% | 5.9% | 5.6% |
| Non - Ferrous Metals | — | — | — | 3.7% | 4.1% | 4.1% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
0.9%
▼ 0.2 pts vs Aug 2026
- Cash alone
- 0.9%
- cash and net receivables
- A year earlier
- 0.7%
- Sep 2025 · now ▲ 0.2 pts
- Last 12 months
- 0.6% – 2.6%
- lowest to highest · record 25.8% in Dec 2021
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.