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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
₹977 Cr
up ₹103 Cr vs Feb 2025
- Stocks held
- 43
- unchanged
- Top 10 weight
- 41.8%
- of the portfolio in its ten largest
- Cash & debt
- 15.5%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 4
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In March 2025 it disclosed 43 stocks worth ₹977 Cr, up ₹103 Cr from Feb 2025. Its largest positions were Bharti Airtel Limited (5.5%), Power Grid Corporation of India Limited (5.2%), Axis Bank Limited (5.2%); the ten largest together made up 41.8% of the portfolio, and Banks was the biggest sector at 19.2% of its equity. Cash and debt stood at 15.5%. Compared with Feb 2025 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
40%
Top-10 weight is higher than 40% of peers
Breadth
48%
Holds more stocks than 48% of peers
Cash
99%
Holds more cash than 99% of peers
Holdings in March 2025
Download CSVEvery line the fund disclosed, with the change against Feb 2025. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 15.51%
- Δ weight
- down 0.56 pts
- Value
- ₹151 Cr
- Δ value
- up ₹11 Cr
- Status
- Added
- Weight
- 5.46%
- Δ weight
- up 0.93 pts
- Value
- ₹53.3 Cr
- Δ value
- up ₹13.8 Cr
- Status
- Added
- Weight
- 5.25%
- Δ weight
- up 1.47 pts
- Value
- ₹51.2 Cr
- Δ value
- up ₹18.2 Cr
- Status
- Added
- Weight
- 5.16%
- Δ weight
- down 0.16 pts
- Value
- ₹50.4 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 4.14%
- Δ weight
- up 0.08 pts
- Value
- ₹40.4 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 4.11%
- Δ weight
- down 0.35 pts
- Value
- ₹40.2 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 3.84%
- Δ weight
- up 0.01 pts
- Value
- ₹37.5 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 3.79%
- Δ weight
- up 0.67 pts
- Value
- ₹37 Cr
- Δ value
- up ₹9.8 Cr
- Status
- Added
- Weight
- 3.77%
- Δ weight
- up 0.57 pts
- Value
- ₹36.8 Cr
- Δ value
- up ₹8.9 Cr
- Status
- Added
- Weight
- 3.17%
- Δ weight
- up 0.40 pts
- Value
- ₹31 Cr
- Δ value
- up ₹6.8 Cr
- Status
- Added
- Weight
- 3.08%
- Δ weight
- up 0.01 pts
- Value
- ₹30 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 2.91%
- Δ weight
- down 0.08 pts
- Value
- ₹28.5 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 2.39%
- Δ weight
- up 0.44 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹6.3 Cr
- Status
- Added
- Weight
- 1.97%
- Δ weight
- up 0.12 pts
- Value
- ₹19.2 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Weight
- 1.92%
- Δ weight
- up 0.04 pts
- Value
- ₹18.7 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.90%
- Δ weight
- up 0.04 pts
- Value
- ₹18.5 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.82%
- Δ weight
- up 0.13 pts
- Value
- ₹17.8 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 1.77%
- Δ weight
- down 0.16 pts
- Value
- ₹17.3 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Weight
- 1.71%
- Δ weight
- down 0.32 pts
- Value
- ₹16.7 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- down 0.01 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.47%
- Δ weight
- down 0.08 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹80 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- down 0.01 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.41%
- Δ weight
- up 0.15 pts
- Value
- ₹13.8 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- down 0.02 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up <0.01 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.31%
- Δ weight
- down 0.07 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹77 L
- Status
- Added
- Weight
- 1.27%
- Δ weight
- down 0.06 pts
- Value
- ₹12.4 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 1.23%
- Δ weight
- down 0.06 pts
- Value
- ₹12 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 1.21%
- Δ weight
- down 0.02 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.21%
- Δ weight
- down 0.11 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.20%
- Δ weight
- up 0.01 pts
- Value
- ₹11.7 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.09 pts
- Value
- ₹10.9 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.05%
- Δ weight
- down 0.24 pts
- Value
- ₹10.2 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down 0.01 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹94 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.02 pts
- Value
- ₹10 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 0.84%
- Δ weight
- down 0.10 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 0.81%
- Δ weight
- down 2.57 pts
- Value
- ₹7.9 Cr
- Δ value
- down ₹21.6 Cr
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- down 0.06 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.72%
- Δ weight
- down 0.01 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹62 L
- Status
- Added
- Weight
- 0.72%
- Δ weight
- up 0.01 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹85 L
- Status
- Added
- Weight
- 0.71%
- Δ weight
- down 0.11 pts
- Value
- ₹7 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- down 0.08 pts
- Value
- ₹6.7 Cr
- Δ value
- down ₹3 L
- Status
- Held
- Weight
- 0.48%
- Δ weight
- up 0.06 pts
- Value
- ₹4.7 Cr
- Δ value
- up ₹100 L
- Status
- Added
- Weight
- 0.38%
- Δ weight
- up 0.01 pts
- Value
- ₹3.7 Cr
- Δ value
- up ₹45 L
- Status
- Added
What changed, Feb 2025 to Mar 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Power Grid Corporation of India Limitedup ₹18.2 Cr (+1.47% pts)
- Bharti Airtel Limitedup ₹13.8 Cr (+0.93% pts)
- NTPC Limitedup ₹9.8 Cr (+0.67% pts)
- Apollo Hospitals Enterprise Limitedup ₹8.9 Cr (+0.57% pts)
- Amber Enterprises India Limited ₹6.8 Cr (+0.40% pts)
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 Feb 2025, the weight rose most in Power (+2.5 pts) and Telecom - Services (+1.1 pts), and fell most in Transport Services (−3.1 pts) and Pharmaceuticals & Biotechnology (−0.8 pts).
- Power8.2% → 10.7%+2.5 pts
- Telecom - Services5.4% → 6.5%+1.1 pts
- Consumer Durables8.0% → 8.8%+0.8 pts
- Healthcare Services4.8% → 5.3%+0.5 pts
- Transport Infrastructure1.5% → 1.7%+0.2 pts
- Realty2.2% → 2.3%+0.1 pts
- Transport Services4.0% → 1.0%−3.1 pts
- Pharmaceuticals & Biotechnology9.0% → 8.2%−0.8 pts
- Automobiles8.9% → 8.3%−0.6 pts
- Industrial Products6.6% → 6.2%−0.4 pts
- Banks19.4% → 19.2%−0.2 pts
- IT - Services1.1% → 1.0%−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 | Dec 2024 | Feb 2025 | Mar 2025 |
|---|---|---|---|
| Banks | 16.4% | 19.4% | 19.2% |
| Power | 4.3% | 8.2% | 10.7% |
| Consumer Durables | 11.3% | 8.0% | 8.8% |
| Automobiles | 8.8% | 8.9% | 8.3% |
| Pharmaceuticals & Biotechnology | 12.9% | 9.0% | 8.2% |
| Capital Markets | 6.6% | 6.6% | 6.6% |
| Telecom - Services | — | 5.4% | 6.5% |
| Industrial Products | 7.8% | 6.6% | 6.2% |
| Healthcare Services | 4.0% | 4.8% | 5.3% |
| Construction | 4.6% | 3.2% | 3.2% |
Allocation in Mar 2025change vs Feb 2025
- Banks (4)19.2%▼ 0.2 pts
- Power (2)10.7%▲ 2.5 pts
- Consumer Durables (4)
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, Mar 2025
15.5%
▼ 0.6 pts vs Feb 2025
- Cash alone
- 15.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 15.5% – 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.