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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
₹1,334 Cr
up ₹66.1 Cr vs Jun 2026
- Stocks held
- 46
- up 3 vs Jun 2026
- Top 10 weight
- 56.9%
- of the portfolio in its ten largest
- Cash & debt
- 3.2%
- cash, money market and debt
- Moves this month
- 5 in · 2 out
- added to 10, trimmed 9
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In July 2026 it disclosed 46 stocks worth ₹1,334 Cr, up ₹66.1 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (9.9%), HDFC Bank Limited (9.5%), NIFTY Aug26 (8.3%); the ten largest together made up 56.9% of the portfolio, and Banks was the biggest sector at 30.2% of its equity. Cash and debt stood at 3.2%. Compared with Jun 2026 the fund entered 5 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
76%
Top-10 weight is higher than 76% of peers
Breadth
57%
Holds more stocks than 57% of peers
Cash
48%
Holds more cash than 48% of peers
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 9.88%
- Δ weight
- up 0.65 pts
- Value
- ₹132 Cr
- Δ value
- up ₹14.7 Cr
- Status
- Added
- Weight
- 9.47%
- Δ weight
- up 0.32 pts
- Value
- ₹126 Cr
- Δ value
- up ₹10.3 Cr
- Status
- Added
- NIFTY Aug26Derivative
- Weight
- 8.34%
- Δ weight
- up 8.34 pts
- Value
- ₹111 Cr
- Δ value
- up ₹111 Cr
- Status
- New
- Weight
- 6.00%
- Δ weight
- down 0.91 pts
- Value
- ₹80.1 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 4.71%
- Δ weight
- up 1.81 pts
- Value
- ₹62.8 Cr
- Δ value
- up ₹26.1 Cr
- Status
- Added
- Weight
- 4.50%
- Δ weight
- up 0.54 pts
- Value
- ₹60.1 Cr
- Δ value
- up ₹9.9 Cr
- Status
- Added
- Weight
- 3.84%
- Δ weight
- up 0.19 pts
- Value
- ₹51.2 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 3.79%
- Δ weight
- up 0.62 pts
- Value
- ₹50.6 Cr
- Δ value
- up ₹10.3 Cr
- Status
- Added
- Weight
- 3.22%
- Δ weight
- up 0.72 pts
- Value
- ₹43 Cr
- Δ value
- up ₹11.2 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 3.19%
- Δ weight
- down 2.53 pts
- Value
- ₹42.5 Cr
- Δ value
- down ₹30 Cr
- Status
- Trimmed
- Weight
- 3.10%
- Δ weight
- up 0.17 pts
- Value
- ₹41.4 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 2.90%
- Δ weight
- down <0.01 pts
- Value
- ₹38.8 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 2.89%
- Δ weight
- up 0.25 pts
- Value
- ₹38.5 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 2.82%
- Δ weight
- up 0.03 pts
- Value
- ₹37.7 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.47%
- Δ weight
- up 0.16 pts
- Value
- ₹32.9 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 1.87%
- Δ weight
- up 0.30 pts
- Value
- ₹25 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.72%
- Δ weight
- up 0.30 pts
- Value
- ₹23 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 1.62%
- Δ weight
- down 0.02 pts
- Value
- ₹21.7 Cr
- Δ value
- up ₹84 L
- Status
- Added
- Weight
- 1.44%
- Δ weight
- down 0.12 pts
- Value
- ₹19.2 Cr
- Δ value
- down ₹52 L
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- down 0.03 pts
- Value
- ₹18.2 Cr
- Δ value
- up ₹56 L
- Status
- Added
- Weight
- 1.25%
- Δ weight
- up 0.61 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹8.6 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- up 1.20 pts
- Value
- ₹16 Cr
- Δ value
- up ₹16 Cr
- Status
- New
- Weight
- 1.19%
- Δ weight
- up 0.19 pts
- Value
- ₹15.9 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.24 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.01 pts
- Value
- ₹13.9 Cr
- Δ value
- up ₹80 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.23 pts
- Value
- ₹13.2 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 0.96%
- Δ weight
- down 0.05 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 0.94%
- Δ weight
- up 0.01 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹78 L
- Status
- Added
- Weight
- 0.92%
- Δ weight
- down 0.05 pts
- Value
- ₹12.2 Cr
- Δ value
- down ₹6 L
- Status
- Held
- Weight
- 0.86%
- Δ weight
- down 0.09 pts
- Value
- ₹11.4 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.03 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 0.81%
- Δ weight
- down 0.09 pts
- Value
- ₹10.9 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- down 0.20 pts
- Value
- ₹10.7 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- down 0.04 pts
- Value
- ₹10.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.78%
- Δ weight
- up 0.05 pts
- Value
- ₹10.4 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 0.77%
- Δ weight
- up 0.06 pts
- Value
- ₹10.2 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 0.66%
- Δ weight
- up 0.17 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 0.64%
- Δ weight
- up 0.01 pts
- Value
- ₹8.5 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 0.61%
- Δ weight
- up 0.61 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹8.2 Cr
- Status
- New
- Weight
- 0.60%
- Δ weight
- up <0.01 pts
- Value
- ₹7.9 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Weight
- 0.58%
- Δ weight
- down <0.01 pts
- Value
- ₹7.8 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.50 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹6.6 Cr
- Status
- New
- Weight
- 0.47%
- Δ weight
- down 0.07 pts
- Value
- ₹6.2 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- down 0.19 pts
- Value
- ₹6 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.31%
- Δ weight
- up 0.31 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹4.1 Cr
- Status
- New
- Weight
- 0.30%
- Δ weight
- down 0.06 pts
- Value
- ₹4 Cr
- Δ value
- down ₹56 L
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- up 0.28 pts
- Value
- ₹3.7 Cr
- Δ value
- up ₹3.7 Cr
- Status
- New
- Weight
- 0.23%
- Δ weight
- down 0.05 pts
- Value
- ₹3.1 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- TVS Motor Company Ltd.Other
- Weight
- 0.02%
- Δ weight
- down <0.01 pts
- Value
- ₹33 L
- Δ value
- up ₹0 L
- Status
- Added
What changed, Jun 2026 to Jul 2026
New New positions (5)
- Power Grid Corporation of India Limited1.2% · ₹16 Cr
- Bank of Baroda0.6% · ₹8.2 Cr
- Indus Towers Limited0.5% · ₹6.6 Cr
- Timken India Limited0.3% · ₹4.1 Cr
- Atul Limited0.3% · ₹3.7 Cr
Exited Exited (2)
- Coromandel International Limitedwas 0.7% · ₹9.5 Cr
- JSW Infrastructure Ltdwas 0.5% · ₹6.1 Cr
Added Biggest additions
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 2026, the weight rose most in Telecom - Services (+2.3 pts) and Power (+1.9 pts), and fell most in Banks (−1.9 pts) and Fertilizers & Agrochemicals (−1.0 pts).
- Telecom - Services3.6% → 5.9%+2.3 pts
- Power3.1% → 5.0%+1.9 pts
- Textiles & Apparels0.8% → 1.4%+0.6 pts
- Petroleum Products5.4% → 5.9%+0.5 pts
- Chemicals & Petrochemicals0.9% → 1.2%+0.3 pts
- Construction4.9% → 5.1%+0.2 pts
- Banks32.2% → 30.2%−1.9 pts
- Fertilizers & Agrochemicals2.0% → 1.0%−1.0 pts
- Automobiles13.5% → 12.9%−0.6 pts
- Transport Infrastructure0.6% → 0.0%exited−0.6 pts
- Capital Markets2.9% → 2.4%−0.5 pts
- Auto Components3.1% → 2.7%−0.4 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 | Jul 2025 | Jan 2026 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|
| Banks | 16.9% | 20.0% | 25.5% | 32.2% | 30.2% |
| Automobiles | 6.7% | 7.7% | 11.8% | 13.5% | 12.9% |
| Petroleum Products | — | — | — | 5.4% | 5.9% |
| Telecom - Services | 2.6% | 3.7% | 3.6% | 3.6% | 5.9% |
| Consumer Durables | 6.9% | 6.2% | 9.3% | 5.3% | 5.1% |
| Construction | 2.8% | 2.6% | 5.8% | 4.9% | 5.1% |
| Cement & Cement Products | — | — | 1.1% | 5.3% | 5.0% |
| Power | 11.9% | 3.0% | 3.5% | 3.1% | 5.0% |
| Insurance | 1.9% | 2.1% | 4.1% | 4.9% | 4.8% |
| Realty | 1.8% | 1.7% | 1.9% | 3.4% | 3.2% |
Allocation in Jul 2026change vs Jun 2026
- Banks (5)30.2%▼ 1.9 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, Jul 2026
3.2%
▼ 2.5 pts vs Jun 2026
- Cash alone
- 7.7%
- cash and net receivables
- A year earlier
- 7.4%
- Jul 2025 · now ▼ 4.2 pts
- Last 12 months
- 3.2% – 17.8%
- 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.