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Sectoral / Thematic · quant Mutual Fund · AMFI code 151759quant Business Cycle Fund
Disclosed for 39 months, Jul 2023 to Sep 2026.
Portfolio value
₹984 Cr
down ₹67.9 Cr vs Dec 2025
- Stocks held
- 15
- unchanged
- Top 10 weight
- 64.7%
- of the portfolio in its ten largest
- Cash & debt
- 5.4%
- cash, money market and debt
quant Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from quant Mutual Fund. In January 2026 it disclosed 15 stocks worth ₹984 Cr, down ₹67.9 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (9.2%), DDB DEWAN HSG FINANCE CORPORATION LTD (8.7%), Samvardhana Motherson International Limited (8.3%); the ten largest together made up 64.7% of the portfolio, and Banks was the biggest sector at 21.1% of its equity. Cash and debt stood at 5.4%. Compared with Dec 2025 the fund entered 5 new stocks and exited 5.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
2%
Holds more stocks than 2% of peers
Cash
74%
Holds more cash than 74% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 9.19% | up 9.19 pts | ₹90.5 Cr | up ₹90.5 Cr | New |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 8.70% | up 1.03 pts | ₹85.6 Cr | up ₹4.9 Cr | Added |
| Samvardhana Motherson International Limited | 8.29% | up 0.05 pts | ₹81.6 Cr | down ₹5.1 Cr | Trimmed |
| Adani Green Energy Limited | 8.13% | down 0.93 pts | ₹80 Cr | down ₹15.3 Cr | Trimmed |
| Aurobindo Pharma Limited | 7.15% | up 0.60 pts | ₹70.3 Cr | up ₹1.4 Cr | Added |
| HDFC Life Insurance Company Limited | 6.99% | up 0.28 pts | ₹68.8 Cr | down ₹1.8 Cr | Trimmed |
| ICICI Bank Limited | 5.34% | up 3.29 pts | ₹52.6 Cr | up ₹31 Cr | Added |
| ICICI Bank Limited Derivative | 4.10% | up 4.10 pts | ₹40.3 Cr | up ₹40.3 Cr | New |
| Zydus Wellness Limited | 3.58% | up 0.18 pts | ₹35.2 Cr | down ₹49 L | Trimmed |
| Adani Enterprises Limited | 3.25% | down 0.12 pts | ₹32 Cr | down ₹3.5 Cr | Trimmed |
| Dabur India Limited | 2.98% | up 2.98 pts | ₹29.3 Cr | up ₹29.3 Cr | New |
| Wipro Ltd Derivative | 2.96% | up 2.96 pts | ₹29.1 Cr | up ₹29.1 Cr | New |
| Shriram Finance Limited Derivative | 2.94% | up 2.94 pts | ₹28.9 Cr | up ₹28.9 Cr | New |
| Tata Steel Limited Derivative | 2.92% | up 2.92 pts | ₹28.7 Cr | up ₹28.7 Cr | New |
| HDFC Asset Management Company Limited | 2.90% | up 0.02 pts | ₹28.6 Cr | down ₹1.8 Cr | Trimmed |
| Dabur India Limited Derivative | 2.67% | up 2.67 pts | ₹26.3 Cr | up ₹26.3 Cr | New |
| Aurobindo Pharma Limited Derivative | 2.58% | up 2.58 pts | ₹25.4 Cr | up ₹25.4 Cr | New |
| Bajaj Auto Limited Derivative | 2.31% | up 2.31 pts | ₹22.7 Cr | up ₹22.7 Cr | New |
| HDFC Life Insurance Co Ltd Derivative | 2.04% | up 2.04 pts | ₹20.1 Cr | up ₹20.1 Cr | New |
| BROOKS Laboratories Limited | 1.82% | down 0.40 pts | ₹17.9 Cr | down ₹5.4 Cr | Trimmed |
| Adani Energy Solutions Limited Derivative | 1.37% | up 1.37 pts | ₹13.5 Cr | up ₹13.5 Cr | New |
| The Ramco Cements Limited | 1.15% | up 1.15 pts | ₹11.3 Cr | up ₹11.3 Cr | New |
| 91 Days Treasury Bill 05-Mar-2026 Debt | 1.01% | up 0.07 pts | ₹10 Cr | up ₹4 L | Held |
| Colgate Palmolive (India) Limited | 0.97% | up 0.97 pts | ₹9.5 Cr | up ₹9.5 Cr | New |
| 91 Days Treasury Bill 17-Apr-2026 Debt | 0.80% | up 0.80 pts | ₹7.9 Cr | up ₹7.9 Cr | New |
| 91 Days Treasury Bill 23-Apr-2026 Debt | 0.80% | up 0.80 pts | ₹7.9 Cr | up ₹7.9 Cr | New |
| 91 Days Treasury Bill 30-Apr-2026 Debt | 0.80% | up 0.80 pts | ₹7.9 Cr | up ₹7.9 Cr | New |
| Cash, TREPS & receivables | 0.52% | up 6.08 pts | ₹5.1 Cr | up ₹63.6 Cr | Added |
| 182 Days Tbill (MD Debt | 0.51% | up 0.03 pts | ₹5 Cr | up ₹2 L | Held |
| 91 Days Treasury Bill 12-Mar-2026 Debt | 0.51% | up 0.03 pts | ₹5 Cr | up ₹2 L | Held |
| Coal India Limited | 0.22% | up 0.22 pts | ₹2.1 Cr | up ₹2.1 Cr | New |
| 91 Days Treasury Bill 06-Feb-2026 Debt | 0.20% | up 0.01 pts | ₹2 Cr | up ₹1 L | Held |
| 91 Days Treasury Bill 27-Mar-2026 Debt | 0.20% | up 0.01 pts | ₹2 Cr | up ₹1 L | Held |
| Adani Enterprises Limited PP RE Other | 0.08% | up 0.08 pts | ₹84 L | up ₹84 L | New |
What changed, Dec 2025 to Jan 2026
New New positions (5)
- HDFC Bank Limited9.2% · ₹90.5 Cr
- Dabur India Limited3.0% · ₹29.3 Cr
- The Ramco Cements Limited1.2% · ₹11.3 Cr
- Colgate Palmolive (India) Limited1.0% · ₹9.5 Cr
- Coal India Limited0.2% · ₹2.1 Cr
Exited Exited (5)
- Jio Financial Services Limitedwas 8.6% · ₹90.3 Cr
- Tata Consultancy Services Limitedwas 3.1% · ₹32.4 Cr
- DLF Limitedwas 2.8% · ₹29.9 Cr
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 Dec 2025, the weight rose most in Banks (+18.0 pts) and Personal Products (+5.7 pts), and fell most in Finance (−11.6 pts) and IT - Software (−4.6 pts).
- Banks3.1% → 21.1%+18.0 pts
- Personal Products0.0% → 5.7%new+5.7 pts
- Cement & Cement Products0.0% → 1.7%new+1.7 pts
- Pharmaceuticals & Biotechnology9.8% → 10.4%+0.6 pts
- Consumable Fuels0.0% → 0.3%new+0.3 pts
- Insurance10.0% → 10.2%+0.1 pts
- Finance24.3% → 12.6%−11.6 pts
- IT - Software4.6% → 0.0%exited−4.6 pts
- Realty4.2% → 0.0%exited−4.2 pts
- Petroleum Products3.7% → 0.0%exited−3.7 pts
- Power13.5% → 11.8%−1.7 pts
- Metals & Minerals Trading5.1% → 4.7%−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 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Banks | — | — | — | 3.1% | 21.1% |
| Finance | 7.9% | 17.4% | 17.9% | 24.3% | 12.6% |
| Auto Components | 7.3% | 7.8% | 10.4% | 12.3% | 12.0% |
| Power | — | 3.4% | 10.7% | 13.5% | 11.8% |
| Pharmaceuticals & Biotechnology | 13.0% | 15.0% | 17.4% | 9.8% | 10.4% |
| Insurance | 7.8% | 11.4% | 2.9% | 10.0% | 10.2% |
| Personal Products | — | — | — | — | 5.7% |
| Food Products | 5.9% | 3.2% | 4.5% | 5.1% | 5.2% |
| Metals & Minerals Trading | — | — | 1.3% | 5.1% | 4.7% |
| Capital Markets | — | — | — | 4.3% | 4.2% |
Allocation in Jan 2026change vs Dec 2025
- Banks (2)21.1%▲ 18.0 pts
- Finance (1)12.6%▼ 11.6 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. More on reading cash.
Cash & debt, Jan 2026
5.4%
▲ 5.0 pts vs Dec 2025
- Cash alone
- 0.5%
- cash and net receivables
- A year earlier
- 1.6%
- Jan 2025 · now ▲ 3.7 pts
- Last 12 months
- 0.4% – 12.2%
- lowest to highest · record 19.5% in Jul 2023
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.