Loading…
Sectoral / Thematic · DSP Mutual Fund · AMFI code 153121DSP Business Cycle Fund
Disclosed for 22 months, Dec 2024 to Sep 2026.
Portfolio value
₹874 Cr
down ₹44.1 Cr vs Jan 2025
- Stocks held
- 43
- up 1 vs Jan 2025
- Top 10 weight
- 38.7%
- of the portfolio in its ten largest
- Cash & debt
- 16.1%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 31
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In February 2025 it disclosed 43 stocks worth ₹874 Cr, down ₹44.1 Cr from Jan 2025. Its largest positions were Axis Bank Limited (5.3%), Bharti Airtel Limited (4.5%), Mahindra & Mahindra Limited (4.5%); the ten largest together made up 38.7% of the portfolio, and Banks was the biggest sector at 19.4% of its equity. Cash and debt stood at 16.1%. Compared with Jan 2025 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
28%
Top-10 weight is higher than 28% of peers
Breadth
48%
Holds more stocks than 48% of peers
Cash
99%
Holds more cash than 99% of peers
Holdings in February 2025
Download CSVEvery line the fund disclosed, with the change against Jan 2025. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 16.07%
- Δ weight
- down 5.46 pts
- Value
- ₹140 Cr
- Δ value
- down ₹57.2 Cr
- Status
- Trimmed
- Weight
- 5.32%
- Δ weight
- up 5.32 pts
- Value
- ₹46.5 Cr
- Δ value
- up ₹46.5 Cr
- Status
- New
- Weight
- 4.53%
- Δ weight
- up 0.59 pts
- Value
- ₹39.6 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 4.46%
- Δ weight
- down 0.45 pts
- Value
- ₹38.9 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 4.06%
- Δ weight
- up 0.78 pts
- Value
- ₹35.4 Cr
- Δ value
- up ₹5.3 Cr
- Status
- Added
- Weight
- 3.83%
- Δ weight
- up 1.04 pts
- Value
- ₹33.5 Cr
- Δ value
- up ₹7.8 Cr
- Status
- Added
- Weight
- 3.78%
- Δ weight
- up 0.43 pts
- Value
- ₹33 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 3.37%
- Δ weight
- up 0.27 pts
- Value
- ₹29.5 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 3.20%
- Δ weight
- up 0.30 pts
- Value
- ₹27.9 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 3.12%
- Δ weight
- up 0.86 pts
- Value
- ₹27.2 Cr
- Δ value
- up ₹6.5 Cr
- Status
- Added
- Weight
- 3.07%
- Δ weight
- up 0.18 pts
- Value
- ₹26.8 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 3.00%
- Δ weight
- down 0.15 pts
- Value
- ₹26.2 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 2.77%
- Δ weight
- down 0.28 pts
- Value
- ₹24.2 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 2.03%
- Δ weight
- down 0.50 pts
- Value
- ₹17.7 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 1.95%
- Δ weight
- up 0.18 pts
- Value
- ₹17 Cr
- Δ value
- up ₹77 L
- Status
- Added
- Weight
- 1.93%
- Δ weight
- down <0.01 pts
- Value
- ₹16.9 Cr
- Δ value
- down ₹86 L
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.47 pts
- Value
- ₹16.4 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.86%
- Δ weight
- down 0.09 pts
- Value
- ₹16.2 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- down 0.03 pts
- Value
- ₹16.2 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.15 pts
- Value
- ₹14.8 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- down 0.02 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹86 L
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- down 0.22 pts
- Value
- ₹13 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- down 0.02 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹83 L
- Status
- Trimmed
- Weight
- 1.41%
- Δ weight
- down 0.09 pts
- Value
- ₹12.3 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.38%
- Δ weight
- down 0.13 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.38%
- Δ weight
- down 0.07 pts
- Value
- ₹12 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.33%
- Δ weight
- down 0.41 pts
- Value
- ₹11.6 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 0.09 pts
- Value
- ₹11.5 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.04 pts
- Value
- ₹11.3 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.07 pts
- Value
- ₹11.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- down 0.03 pts
- Value
- ₹11 Cr
- Δ value
- down ₹87 L
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- down 0.02 pts
- Value
- ₹10.7 Cr
- Δ value
- down ₹74 L
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- down 0.10 pts
- Value
- ₹10.4 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.05 pts
- Value
- ₹9.2 Cr
- Δ value
- down ₹90 L
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- down 0.37 pts
- Value
- ₹8.9 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.10 pts
- Value
- ₹8.7 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.09 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.02 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.07 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 0.77%
- Δ weight
- down 0.17 pts
- Value
- ₹6.7 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down 0.20 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- down 0.16 pts
- Value
- ₹6.2 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- down 0.11 pts
- Value
- ₹3.7 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- down 0.08 pts
- Value
- ₹3.3 Cr
- Δ value
- down ₹90 L
- Status
- Trimmed
What changed, Jan 2025 to Feb 2025
New New positions (1)
- Axis Bank Limited5.3% · ₹46.5 Cr
Exited Exited (0)
None.
Added Biggest additions
- State Bank of Indiaup ₹7.8 Cr (+1.04% pts)
- NTPC Limitedup ₹6.5 Cr (+0.86% pts)
- Kotak Mahindra Bank Limitedup ₹5.3 Cr (+0.78% pts)
- Bharti Airtel Limitedup ₹3.4 Cr (+0.59% pts)
- Power Grid Corporation of India 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 Jan 2025, the weight rose most in Banks (+8.0 pts) and Power (+1.1 pts), and fell most in Industrial Products (−2.1 pts) and Automobiles (−1.4 pts).
- Banks11.4% → 19.4%+8.0 pts
- Power7.1% → 8.2%+1.1 pts
- Telecom - Services5.0% → 5.4%+0.4 pts
- Industrial Products8.7% → 6.6%−2.1 pts
- Automobiles10.3% → 8.9%−1.4 pts
- Capital Markets7.6% → 6.6%−1.0 pts
- Consumer Durables8.9% → 8.0%−0.9 pts
- Construction4.0% → 3.2%−0.9 pts
- Electrical Equipment3.0% → 2.2%−0.8 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 | Jan 2025 | Feb 2025 |
|---|---|---|
| Banks | 11.4% | 19.4% |
| Pharmaceuticals & Biotechnology | 9.7% | 9.0% |
| Automobiles | 10.3% | 8.9% |
| Power | 7.1% | 8.2% |
| Consumer Durables | 8.9% | 8.0% |
| Industrial Products | 8.7% | 6.6% |
| Capital Markets | 7.6% | 6.6% |
| Telecom - Services | 5.0% | 5.4% |
| Healthcare Services | 4.7% | 4.8% |
| Transport Services | 4.0% | 4.0% |
Allocation in Feb 2025change vs Jan 2025
- Banks (4)19.4%▲ 8.0 pts
- Pharmaceuticals & Biotechnology (5)9.0%▼ 0.7 pts
- Automobiles (2)8.9%▼ 1.4 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, Feb 2025
16.1%
▼ 5.5 pts vs Jan 2025
- Cash alone
- 16.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 16.1% – 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.