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Sectoral / Thematic · DSP Mutual Fund · AMFI code 153121DSP Business Cycle Fund
Disclosed for 22 months, Dec 2024 to Sep 2026.
Portfolio value
₹918 Cr
up ₹36 L vs Dec 2024
- Stocks held
- 42
- up 3 vs Dec 2024
- Top 10 weight
- 33.4%
- of the portfolio in its ten largest
- Cash & debt
- 21.5%
- cash, money market and debt
- Moves this month
- 3 in · 0 out
- added to 10, trimmed 7
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In January 2025 it disclosed 42 stocks worth ₹918 Cr, up ₹36 L from Dec 2024. Its largest positions were Mahindra & Mahindra Limited (4.9%), Bharti Airtel Limited (3.9%), Power Grid Corporation of India Limited (3.3%); the ten largest together made up 33.4% of the portfolio, and Banks was the biggest sector at 11.4% of its equity. Cash and debt stood at 21.5%. Compared with Dec 2024 the fund entered 3 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
13%
Top-10 weight is higher than 13% of peers
Breadth
46%
Holds more stocks than 46% of peers
Cash
99%
Holds more cash than 99% of peers
Holdings in January 2025
Download CSVEvery line the fund disclosed, with the change against Dec 2024. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 21.53%
- Δ weight
- down 24.24 pts
- Value
- ₹198 Cr
- Δ value
- down ₹222 Cr
- Status
- Trimmed
- Weight
- 4.91%
- Δ weight
- up 2.67 pts
- Value
- ₹45 Cr
- Δ value
- up ₹24.5 Cr
- Status
- Added
- Weight
- 3.94%
- Δ weight
- up 3.94 pts
- Value
- ₹36.2 Cr
- Δ value
- up ₹36.2 Cr
- Status
- New
- Weight
- 3.35%
- Δ weight
- up 3.35 pts
- Value
- ₹30.7 Cr
- Δ value
- up ₹30.7 Cr
- Status
- New
- Weight
- 3.28%
- Δ weight
- up 0.20 pts
- Value
- ₹30.1 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 3.15%
- Δ weight
- up 0.62 pts
- Value
- ₹28.9 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 3.10%
- Δ weight
- up 0.72 pts
- Value
- ₹28.5 Cr
- Δ value
- up ₹6.6 Cr
- Status
- Added
- Weight
- 3.04%
- Δ weight
- up 0.60 pts
- Value
- ₹27.9 Cr
- Δ value
- up ₹5.6 Cr
- Status
- Added
- Weight
- 2.89%
- Δ weight
- up 1.01 pts
- Value
- ₹26.6 Cr
- Δ value
- up ₹9.3 Cr
- Status
- Added
- Weight
- 2.89%
- Δ weight
- down 0.07 pts
- Value
- ₹26.5 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 2.80%
- Δ weight
- down 0.08 pts
- Value
- ₹25.7 Cr
- Δ value
- down ₹73 L
- Status
- Trimmed
- Weight
- 2.53%
- Δ weight
- up 0.99 pts
- Value
- ₹23.2 Cr
- Δ value
- up ₹9.1 Cr
- Status
- Added
- Weight
- 2.35%
- Δ weight
- up 0.62 pts
- Value
- ₹21.5 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 2.26%
- Δ weight
- down 0.07 pts
- Value
- ₹20.7 Cr
- Δ value
- down ₹60 L
- Status
- Trimmed
- Weight
- 1.95%
- Δ weight
- up 1.23 pts
- Value
- ₹17.9 Cr
- Δ value
- up ₹11.3 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- up 0.13 pts
- Value
- ₹17.7 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.88%
- Δ weight
- down 0.05 pts
- Value
- ₹17.3 Cr
- Δ value
- down ₹48 L
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- up 1.85 pts
- Value
- ₹16.9 Cr
- Δ value
- up ₹16.9 Cr
- Status
- New
- Weight
- 1.77%
- Δ weight
- down 0.16 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.87 pts
- Value
- ₹16 Cr
- Δ value
- up ₹8 Cr
- Status
- Added
- Weight
- 1.70%
- Δ weight
- up 0.35 pts
- Value
- ₹15.6 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.32 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.51%
- Δ weight
- up 0.34 pts
- Value
- ₹13.9 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Weight
- 1.50%
- Δ weight
- up 0.62 pts
- Value
- ₹13.7 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 1.48%
- Δ weight
- up 0.01 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up 0.93 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹8.5 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.25 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.36%
- Δ weight
- up 0.14 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.33%
- Δ weight
- up 0.13 pts
- Value
- ₹12.2 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- up 0.81 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- up 0.09 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 1.25%
- Δ weight
- up 0.01 pts
- Value
- ₹11.5 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 1.23%
- Δ weight
- down <0.01 pts
- Value
- ₹11.3 Cr
- Δ value
- down ₹3 L
- Status
- Held
- Weight
- 1.10%
- Δ weight
- up 0.19 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.13 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.12 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- up 0.44 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.17 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 0.88%
- Δ weight
- down 0.11 pts
- Value
- ₹8 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- up 0.54 pts
- Value
- ₹7.4 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 0.75%
- Δ weight
- up 0.26 pts
- Value
- ₹6.9 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 0.54%
- Δ weight
- up 0.15 pts
- Value
- ₹4.9 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 0.45%
- Δ weight
- up 0.24 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
What changed, Dec 2024 to Jan 2025
New New positions (3)
- Bharti Airtel Limited3.9% · ₹36.2 Cr
- Power Grid Corporation of India Limited3.3% · ₹30.7 Cr
- BSE Limited1.8% · ₹16.9 Cr
Exited Exited (0)
None.
Added Biggest additions
- Mahindra & Mahindra Limitedup ₹24.5 Cr (+2.67% pts)
- United Breweries Limitedup ₹11.3 Cr (+1.23% pts)
- Apollo Hospitals Enterprise 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 Dec 2024, the weight rose most in Telecom - Services (+5.0 pts) and Power (+2.9 pts), and fell most in Banks (−5.0 pts) and Pharmaceuticals & Biotechnology (−3.2 pts).
- Telecom - Services0.0% → 5.0%new+5.0 pts
- Power4.3% → 7.1%+2.9 pts
- Automobiles8.8% → 10.3%+1.5 pts
- Beverages1.3% → 2.5%+1.1 pts
- Capital Markets6.6% → 7.6%+1.0 pts
- Industrial Products7.8% → 8.7%+0.9 pts
- Banks16.4% → 11.4%−5.0 pts
- Pharmaceuticals & Biotechnology12.9% → 9.7%−3.2 pts
- Consumer Durables11.3% → 8.9%−2.3 pts
- Realty3.6% → 2.4%−1.2 pts
- IT - Services2.1% → 1.3%−0.8 pts
- Industrial Manufacturing1.8% → 1.1%−0.7 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 | Dec 2024 | Jan 2025 |
|---|---|---|
| Banks | 16.4% | 11.4% |
| Automobiles | 8.8% | 10.3% |
| Pharmaceuticals & Biotechnology | 12.9% | 9.7% |
| Consumer Durables | 11.3% | 8.9% |
| Industrial Products | 7.8% | 8.7% |
| Capital Markets | 6.6% | 7.6% |
| Power | 4.3% | 7.1% |
| Telecom - Services | — | 5.0% |
| Healthcare Services | 4.0% | 4.7% |
| Construction | 4.6% | 4.0% |
Allocation in Jan 2025change vs Dec 2024
- Banks (3)11.4%▼ 5.0 pts
- Automobiles (2)10.3%▲ 1.5 pts
- Pharmaceuticals & Biotechnology (5)9.7%▼ 3.2 pts
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, Jan 2025
21.5%
▼ 24.2 pts vs Dec 2024
- Cash alone
- 21.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 21.5% – 45.8%
- lowest to highest · record 45.8% in Dec 2024
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.