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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
₹1,469 Cr
up ₹135 Cr vs Jul 2026
- Stocks held
- 52
- up 6 vs Jul 2026
- Top 10 weight
- 54.6%
- of the portfolio in its ten largest
- Largest position
- 9.9%
- NIFTY Sep26
- Cash & debt
- 6.8%
- cash, money market and debt
- Moves this month
- 6 in · 0 out
- added to 10, trimmed 22
DSP Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In August 2026 it disclosed 52 stocks worth ₹1,469 Cr, up ₹135 Cr from Jul 2026. Its largest positions were NIFTY Sep26 (9.9%), ICICI Bank Limited (9.4%), HDFC Bank Limited (8.5%); the ten largest together made up 54.6% of the portfolio, and Banks was the biggest sector at 30.1% of its equity. Cash and debt stood at 6.8%. Compared with Jul 2026 the fund entered 6 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
71%
Top-10 weight is higher than 71% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
85%
Holds more cash than 85% of peers
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it.
- NIFTY Sep26Derivative
- Weight
- 9.92%
- Δ weight
- up 9.92 pts
- Value
- ₹146 Cr
- Δ value
- up ₹146 Cr
- Status
- New
- Weight
- 9.44%
- Δ weight
- down 0.44 pts
- Value
- ₹139 Cr
- Δ value
- up ₹6.9 Cr
- Status
- Added
- Weight
- 8.49%
- Δ weight
- down 0.98 pts
- Value
- ₹125 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 6.77%
- Δ weight
- up 3.58 pts
- Value
- ₹99.4 Cr
- Δ value
- up ₹56.9 Cr
- Status
- Added
- Weight
- 5.77%
- Δ weight
- down 0.24 pts
- Value
- ₹84.7 Cr
- Δ value
- up ₹4.6 Cr
- Status
- Added
- Weight
- 4.60%
- Δ weight
- down 0.11 pts
- Value
- ₹67.5 Cr
- Δ value
- up ₹4.7 Cr
- Status
- Added
- Weight
- 4.20%
- Δ weight
- down 0.30 pts
- Value
- ₹61.7 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 3.36%
- Δ weight
- down 0.43 pts
- Value
- ₹49.4 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 3.36%
- Δ weight
- down 0.47 pts
- Value
- ₹49.4 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 2.76%
- Δ weight
- down 0.46 pts
- Value
- ₹40.6 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- down 0.39 pts
- Value
- ₹39.8 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 2.69%
- Δ weight
- down 0.14 pts
- Value
- ₹39.5 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 2.63%
- Δ weight
- down 0.25 pts
- Value
- ₹38.7 Cr
- Δ value
- up ₹16 L
- Status
- Held
- Weight
- 2.51%
- Δ weight
- down 0.39 pts
- Value
- ₹36.9 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 2.27%
- Δ weight
- down 0.20 pts
- Value
- ₹33.3 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 1.69%
- Δ weight
- down 0.19 pts
- Value
- ₹24.8 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 1.58%
- Δ weight
- down 0.14 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 1.33%
- Δ weight
- down 0.30 pts
- Value
- ₹19.5 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- down 0.15 pts
- Value
- ₹18.9 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 1.18%
- Δ weight
- down 0.07 pts
- Value
- ₹17.3 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 1.16%
- Δ weight
- down 0.03 pts
- Value
- ₹17 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.26 pts
- Value
- ₹16.2 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down 0.14 pts
- Value
- ₹15.5 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- up 1.01 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹14.9 Cr
- Status
- New
- Weight
- 0.98%
- Δ weight
- up 0.13 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 0.98%
- Δ weight
- down 0.09 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹17 L
- Status
- Added
- Weight
- 0.88%
- Δ weight
- down 0.08 pts
- Value
- ₹13 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.87%
- Δ weight
- down 0.17 pts
- Value
- ₹12.9 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- up 0.09 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 0.86%
- Δ weight
- down 0.13 pts
- Value
- ₹12.6 Cr
- Δ value
- down ₹58 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.06 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.84%
- Δ weight
- up 0.05 pts
- Value
- ₹12.3 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 0.79%
- Δ weight
- down 0.15 pts
- Value
- ₹11.6 Cr
- Δ value
- down ₹95 L
- Status
- Trimmed
- Weight
- 0.78%
- Δ weight
- down 0.04 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 0.75%
- Δ weight
- down 0.04 pts
- Value
- ₹11.1 Cr
- Δ value
- up ₹43 L
- Status
- Added
- Weight
- 0.72%
- Δ weight
- down 0.13 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹71 L
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- up 0.05 pts
- Value
- ₹10.5 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 0.55%
- Δ weight
- down 0.07 pts
- Value
- ₹8 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- down 0.05 pts
- Value
- ₹8 Cr
- Δ value
- up ₹3 L
- Status
- Held
- Weight
- 0.49%
- Δ weight
- down 0.28 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- up 0.49 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹7.2 Cr
- Status
- New
- Weight
- 0.47%
- Δ weight
- down 0.12 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹91 L
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- down 0.18 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- down 0.05 pts
- Value
- ₹6.6 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- up 0.43 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹6.4 Cr
- Status
- New
- Weight
- 0.41%
- Δ weight
- down 0.04 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.40%
- Δ weight
- down 0.06 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- down 0.02 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.28%
- Δ weight
- down 0.03 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.26%
- Δ weight
- up 0.26 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹3.8 Cr
- Status
- New
- Weight
- 0.24%
- Δ weight
- down 0.04 pts
- Value
- ₹3.5 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.23%
- Δ weight
- up 0.23 pts
- Value
- ₹3.4 Cr
- Δ value
- up ₹3.4 Cr
- Status
- New
- Weight
- 0.21%
- Δ weight
- down 0.02 pts
- Value
- ₹3.1 Cr
- Δ value
- down ₹0 L
- Status
- Held
- Weight
- 0.03%
- Δ weight
- up 0.03 pts
- Value
- ₹41 L
- Δ value
- up ₹41 L
- Status
- New
- TVS Motor Company Ltd.Other
- Weight
- 0.02%
- Δ weight
- down <0.01 pts
- Value
- ₹34 L
- Δ value
- up ₹0 L
- Status
- Added
What changed, Jul 2026 to Aug 2026
New New positions (6)
- Life Insurance Corporation Of India1.0% · ₹14.9 Cr
- HDFC Asset Management Company Limited0.5% · ₹7.2 Cr
- Canara HSBC Life Insurance Co Ltd0.4% · ₹6.4 Cr
- La Opala RG Limited0.3% · ₹3.8 Cr
- Chalet Hotels Limited0.2% · ₹3.4 Cr
- Birla Corporation Limited<0.1% · ₹41 L
Exited Exited (0)
None.
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 Jul 2026, the weight rose most in Insurance (+1.5 pts) and Capital Markets (+0.8 pts), and fell most in Automobiles (−0.7 pts) and Cement & Cement Products (−0.4 pts).
- Insurance4.8% → 6.3%+1.5 pts
- Capital Markets2.4% → 3.2%+0.8 pts
- Leisure Services0.0% → 0.3%new+0.3 pts
- Telecom - Services5.9% → 6.1%+0.2 pts
- Automobiles12.9% → 12.2%−0.7 pts
- Cement & Cement Products5.0% → 4.6%−0.4 pts
- Power5.0% → 4.6%−0.4 pts
- Chemicals & Petrochemicals1.2% → 0.9%−0.3 pts
- Aerospace & Defense0.7% → 0.6%−0.2 pts
- Banks30.2% → 30.1%−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 | Aug 2025 | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|
| Banks | 16.9% | 20.6% | 31.4% | 30.2% | 30.1% |
| Automobiles | 7.2% | 7.6% | 14.2% | 12.9% | 12.2% |
| Insurance | 2.1% | 2.3% | 4.8% | 4.8% | 6.3% |
| Telecom - Services | 2.6% | 3.5% | 3.8% | 5.9% | 6.1% |
| Petroleum Products | — | — | 4.6% | 5.9% | 5.9% |
| Consumer Durables | 6.8% | 7.3% | 5.7% | 5.1% | 5.1% |
| Construction | 2.9% | 2.3% | 5.3% | 5.1% | 5.0% |
| Cement & Cement Products | — | — | 5.1% | 5.0% | 4.6% |
| Power | 11.6% | 3.2% | 3.6% | 5.0% | 4.6% |
| Realty | 1.8% | 1.7% | 3.5% | 3.2% | 3.2% |
Allocation in Aug 2026change vs Jul 2026
- Banks (5)30.1%▼ 0.1 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, Aug 2026
6.8%
▲ 3.6 pts vs Jul 2026
- Cash alone
- 6.8%
- cash and net receivables
- A year earlier
- 7.7%
- Aug 2025 · now ▼ 1.0 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.