Loading…
Sectoral / Thematic · DSP Mutual Fund · AMFI code 153121DSP Business Cycle Fund
Disclosed for 22 months, Dec 2024 to Sep 2026.
Portfolio value
₹1,082 Cr
up ₹53.4 Cr vs Apr 2025
- Stocks held
- 48
- up 3 vs Apr 2025
- Top 10 weight
- 44.6%
- of the portfolio in its ten largest
- Cash & debt
- 5.4%
- cash, money market and debt
- Moves this month
- 4 in · 1 out
- added to 10, trimmed 10
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In May 2025 it disclosed 48 stocks worth ₹1,082 Cr, up ₹53.4 Cr from Apr 2025. Its largest positions were Power Grid Corporation of India Limited (6.1%), State Bank of India (5.6%), NTPC Limited (5.4%); the ten largest together made up 44.6% of the portfolio, and Banks was the biggest sector at 18.1% of its equity. Cash and debt stood at 5.4%. Compared with Apr 2025 the fund entered 4 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
45%
Top-10 weight is higher than 45% of peers
Breadth
60%
Holds more stocks than 60% of peers
Cash
76%
Holds more cash than 76% of peers
Holdings in May 2025
Download CSVEvery line the fund disclosed, with the change against Apr 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.12%
- Δ weight
- down 0.71 pts
- Value
- ₹66.3 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 5.58%
- Δ weight
- down 0.12 pts
- Value
- ₹60.3 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 5.44%
- Δ weight
- down 0.64 pts
- Value
- ₹58.9 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 5.39%
- Δ weight
- down 8.16 pts
- Value
- ₹58.3 Cr
- Δ value
- down ₹81.1 Cr
- Status
- Trimmed
- Weight
- 5.04%
- Δ weight
- down 0.23 pts
- Value
- ₹54.6 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 4.14%
- Δ weight
- down 0.14 pts
- Value
- ₹44.8 Cr
- Δ value
- up ₹72 L
- Status
- Added
- Weight
- 4.08%
- Δ weight
- up 4.08 pts
- Value
- ₹44.2 Cr
- Δ value
- up ₹44.2 Cr
- Status
- New
- Weight
- 3.87%
- Δ weight
- up 0.09 pts
- Value
- ₹41.9 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 3.76%
- Δ weight
- down 0.25 pts
- Value
- ₹40.7 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 3.57%
- Δ weight
- down 0.43 pts
- Value
- ₹38.6 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 2.98%
- Δ weight
- down 0.11 pts
- Value
- ₹32.2 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Weight
- 2.71%
- Δ weight
- up 2.71 pts
- Value
- ₹29.3 Cr
- Δ value
- up ₹29.3 Cr
- Status
- New
- Weight
- 2.58%
- Δ weight
- up 0.01 pts
- Value
- ₹27.9 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.41%
- Δ weight
- down 0.14 pts
- Value
- ₹26.1 Cr
- Δ value
- down ₹12 L
- Status
- Held
- Weight
- 2.04%
- Δ weight
- down 0.02 pts
- Value
- ₹22.1 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 1.94%
- Δ weight
- up 1.94 pts
- Value
- ₹21 Cr
- Δ value
- up ₹21 Cr
- Status
- New
- Weight
- 1.93%
- Δ weight
- up 0.21 pts
- Value
- ₹20.8 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 1.90%
- Δ weight
- up 0.02 pts
- Value
- ₹20.5 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.87%
- Δ weight
- up 0.24 pts
- Value
- ₹20.2 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 1.86%
- Δ weight
- down 0.06 pts
- Value
- ₹20.2 Cr
- Δ value
- up ₹43 L
- Status
- Added
- Weight
- 1.82%
- Δ weight
- up 1.07 pts
- Value
- ₹19.6 Cr
- Δ value
- up ₹12 Cr
- Status
- Added
- Weight
- 1.79%
- Δ weight
- down 0.27 pts
- Value
- ₹19.4 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.72%
- Δ weight
- up 0.39 pts
- Value
- ₹18.6 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- up 0.16 pts
- Value
- ₹16.8 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- up 0.20 pts
- Value
- ₹16.8 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.46%
- Δ weight
- up 0.29 pts
- Value
- ₹15.8 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.13 pts
- Value
- ₹15 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 1.35%
- Δ weight
- down 0.07 pts
- Value
- ₹14.6 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 1.21%
- Δ weight
- down 0.04 pts
- Value
- ₹13.1 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.16%
- Δ weight
- down 0.07 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.10 pts
- Value
- ₹11.9 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.09%
- Δ weight
- down 0.01 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹52 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.07 pts
- Value
- ₹11.6 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.02 pts
- Value
- ₹11.5 Cr
- Δ value
- up ₹76 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- down 0.12 pts
- Value
- ₹11.5 Cr
- Δ value
- down ₹70 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down 0.08 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down 0.11 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- up 0.90 pts
- Value
- ₹9.8 Cr
- Δ value
- up ₹9.8 Cr
- Status
- New
- Weight
- 0.87%
- Δ weight
- down 0.04 pts
- Value
- ₹9.4 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 0.83%
- Δ weight
- up 0.11 pts
- Value
- ₹9 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 0.83%
- Δ weight
- up 0.06 pts
- Value
- ₹9 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 0.81%
- Δ weight
- down 0.04 pts
- Value
- ₹8.8 Cr
- Δ value
- —
- Status
- Held
- Weight
- 0.77%
- Δ weight
- up 0.04 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹84 L
- Status
- Added
- Weight
- 0.76%
- Δ weight
- down 0.03 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.69%
- Δ weight
- down 0.01 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.56%
- Δ weight
- down 0.01 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 0.55%
- Δ weight
- down 0.04 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.04 pts
- Value
- ₹5.6 Cr
- Δ value
- up ₹72 L
- Status
- Added
- Weight
- 0.37%
- Δ weight
- up 0.03 pts
- Value
- ₹4 Cr
- Δ value
- up ₹47 L
- Status
- Added
What changed, Apr 2025 to May 2025
New New positions (4)
- Infosys Limited4.1% · ₹44.2 Cr
- Tata Consultancy Services Limited2.7% · ₹29.3 Cr
- Coforge Limited1.9% · ₹21 Cr
- Apollo Tyres Limited0.9% · ₹9.8 Cr
Exited Exited (1)
- BSE Limitedwas 1.0% · ₹9.9 Cr
Added Biggest additions
- Cyient Limitedup ₹12 Cr (+1.07% pts)
- R R Kabel 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 Apr 2025, the weight rose most in IT - Software (+9.2 pts) and IT - Services (+1.1 pts), and fell most in Banks (−2.7 pts) and Power (−2.7 pts).
- IT - Software0.0% → 9.2%new+9.2 pts
- IT - Services0.9% → 1.9%+1.1 pts
- Auto Components1.6% → 2.6%+1.0 pts
- Industrial Products6.0% → 6.2%+0.2 pts
- Banks20.9% → 18.1%−2.7 pts
- Power14.9% → 12.2%−2.7 pts
- Capital Markets8.3% → 7.1%−1.2 pts
- Automobiles7.3% → 6.5%−0.8 pts
- Pharmaceuticals & Biotechnology6.3% → 5.5%−0.7 pts
- Consumer Durables7.1% → 6.4%−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 | Feb 2025 | Apr 2025 | May 2025 |
|---|---|---|---|
| Banks | 19.4% | 20.9% | 18.1% |
| Power | 8.2% | 14.9% | 12.2% |
| IT - Software | — | — | 9.2% |
| Capital Markets | 6.6% | 8.3% | 7.1% |
| Automobiles | 8.9% | 7.3% | 6.5% |
| Consumer Durables | 8.0% | 7.1% | 6.4% |
| Industrial Products | 6.6% | 6.0% | 6.2% |
| Pharmaceuticals & Biotechnology | 9.0% | 6.3% | 5.5% |
| Healthcare Services | 4.8% | 5.5% | 4.8% |
| Construction | 3.2% | 3.0% | 2.9% |
Allocation in May 2025change vs Apr 2025
- Banks (4)18.1%▼ 2.7 pts
- Power (2)12.2%▼ 2.7 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, May 2025
5.4%
▼ 8.2 pts vs Apr 2025
- Cash alone
- 5.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.4% – 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.