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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
₹1,134 Cr
down ₹13.5 Cr vs Jun 2025
- Stocks held
- 49
- up 1 vs Jun 2025
- Top 10 weight
- 43.1%
- of the portfolio in its ten largest
- Cash & debt
- 7.4%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 26
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In July 2025 it disclosed 49 stocks worth ₹1,134 Cr, down ₹13.5 Cr from Jun 2025. Its largest positions were Power Grid Corporation of India Limited (5.9%), State Bank of India (5.2%), NTPC Limited (5.2%); the ten largest together made up 43.1% of the portfolio, and Banks was the biggest sector at 16.9% of its equity. Cash and debt stood at 7.4%. Compared with Jun 2025 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
43%
Top-10 weight is higher than 43% of peers
Breadth
62%
Holds more stocks than 62% of peers
Cash
88%
Holds more cash than 88% of peers
Holdings in July 2025
Download CSVEvery line the fund disclosed, with the change against Jun 2025. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 7.39%
- Δ weight
- up 0.58 pts
- Value
- ₹83.8 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 5.87%
- Δ weight
- down 0.11 pts
- Value
- ₹66.5 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 5.22%
- Δ weight
- down 0.09 pts
- Value
- ₹59.2 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 5.20%
- Δ weight
- up 0.05 pts
- Value
- ₹58.9 Cr
- Δ value
- down ₹11 L
- Status
- Held
- Weight
- 4.31%
- Δ weight
- down 0.47 pts
- Value
- ₹48.9 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 4.30%
- Δ weight
- down 0.64 pts
- Value
- ₹48.8 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 4.25%
- Δ weight
- up 0.08 pts
- Value
- ₹48.2 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 3.91%
- Δ weight
- up 0.18 pts
- Value
- ₹44.4 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 3.76%
- Δ weight
- down 0.18 pts
- Value
- ₹42.6 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 3.25%
- Δ weight
- down 0.26 pts
- Value
- ₹36.9 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 3.02%
- Δ weight
- up 0.48 pts
- Value
- ₹34.2 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 2.91%
- Δ weight
- up 0.10 pts
- Value
- ₹33 Cr
- Δ value
- up ₹79 L
- Status
- Added
- Weight
- 2.38%
- Δ weight
- down 0.09 pts
- Value
- ₹26.9 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.27%
- Δ weight
- down 0.29 pts
- Value
- ₹25.7 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 1.96%
- Δ weight
- down 0.06 pts
- Value
- ₹22.2 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 1.96%
- Δ weight
- up 0.05 pts
- Value
- ₹22.2 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.89%
- Δ weight
- down 0.17 pts
- Value
- ₹21.4 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- up 0.04 pts
- Value
- ₹21.2 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.78%
- Δ weight
- down 0.15 pts
- Value
- ₹20.2 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.26 pts
- Value
- ₹19.2 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- up 0.02 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹5 L
- Status
- Held
- Weight
- 1.66%
- Δ weight
- up 0.12 pts
- Value
- ₹18.8 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- down 0.09 pts
- Value
- ₹17.6 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- down 0.09 pts
- Value
- ₹16.9 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- up 0.04 pts
- Value
- ₹16.5 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up 0.04 pts
- Value
- ₹16.4 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 1.34%
- Δ weight
- up 0.14 pts
- Value
- ₹15.2 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 1.28%
- Δ weight
- up 0.19 pts
- Value
- ₹14.5 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- up 0.07 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Weight
- 1.19%
- Δ weight
- down 0.13 pts
- Value
- ₹13.5 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 0.08 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹77 L
- Status
- Added
- Weight
- 1.19%
- Δ weight
- up 0.21 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- down 0.02 pts
- Value
- ₹13.1 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- up 0.13 pts
- Value
- ₹11.7 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.09 pts
- Value
- ₹11.5 Cr
- Δ value
- up ₹93 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.04 pts
- Value
- ₹11.2 Cr
- Δ value
- up ₹35 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.08 pts
- Value
- ₹10.8 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.06 pts
- Value
- ₹10.8 Cr
- Δ value
- down ₹77 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.02 pts
- Value
- ₹10 Cr
- Δ value
- down ₹37 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- up 0.01 pts
- Value
- ₹9.4 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 0.80%
- Δ weight
- up <0.01 pts
- Value
- ₹9.1 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- down 0.07 pts
- Value
- ₹9.1 Cr
- Δ value
- down ₹94 L
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- down 0.03 pts
- Value
- ₹8.8 Cr
- Δ value
- down ₹45 L
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- up 0.06 pts
- Value
- ₹8.4 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 0.65%
- Δ weight
- up 0.65 pts
- Value
- ₹7.3 Cr
- Δ value
- up ₹7.3 Cr
- Status
- New
- Weight
- 0.61%
- Δ weight
- down 0.02 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down 0.05 pts
- Value
- ₹6.2 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- down 0.04 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹53 L
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.01 pts
- Value
- ₹5.9 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.38%
- Δ weight
- down 0.02 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
What changed, Jun 2025 to Jul 2025
New New positions (1)
- CG Power and Industrial Solutions Limited0.6% · ₹7.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- Amber Enterprises India Limitedup ₹5.1 Cr (+0.48% pts)
- Laurus Labs Limitedup ₹2.3 Cr (+0.21% pts)
- Sudarshan Chemical Industries Limitedup ₹2 Cr (+0.19% pts)
- Apollo Hospitals Enterprise Limitedup ₹1.5 Cr (+0.18% 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 Jun 2025, the weight rose most in Electrical Equipment (+0.8 pts) and Pharmaceuticals & Biotechnology (+0.7 pts), and fell most in Capital Markets (−0.7 pts) and Banks (−0.7 pts).
- Electrical Equipment2.1% → 2.8%+0.8 pts
- Pharmaceuticals & Biotechnology5.5% → 6.2%+0.7 pts
- Consumer Durables6.4% → 6.9%+0.5 pts
- Chemicals & Petrochemicals2.4% → 2.7%+0.3 pts
- Healthcare Services4.7% → 5.0%+0.3 pts
- Industrial Products5.9% → 6.1%+0.2 pts
- Capital Markets8.2% → 7.5%−0.7 pts
- Banks17.6% → 16.9%−0.7 pts
- IT - Software9.2% → 8.6%−0.6 pts
- Realty2.1% → 1.8%−0.3 pts
- Insurance2.1% → 1.9%−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 | Jan 2025 | Apr 2025 | Jun 2025 | Jul 2025 |
|---|---|---|---|---|
| Banks | 11.4% | 20.9% | 17.6% | 16.9% |
| Power | 7.1% | 14.9% | 11.9% | 11.9% |
| IT - Software | — | — | 9.2% | 8.6% |
| Capital Markets | 7.6% | 8.3% | 8.2% | 7.5% |
| Consumer Durables | 8.9% | 7.1% | 6.4% | 6.9% |
| Automobiles | 10.3% | 7.3% | 6.6% | 6.7% |
| Pharmaceuticals & Biotechnology | 9.7% | 6.3% | 5.5% | 6.2% |
| Industrial Products | 8.7% | 6.0% | 5.9% | 6.1% |
| Healthcare Services | 4.7% | 5.5% | 4.7% | 5.0% |
| Construction | 4.0% | 3.0% | 2.9% | 2.8% |
Allocation in Jul 2025change vs Jun 2025
- Banks (4)16.9%▼ 0.7 pts
- Power (2)11.9%
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, Jul 2025
7.4%
▲ 0.6 pts vs Jun 2025
- Cash alone
- 7.4%
- 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.