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Sectoral / Thematic · Sundaram Mutual Fund · AMFI code 152673Sundaram Business Cycle Fund
Disclosed for 12 months, Sep 2024 to Sep 2026.
Portfolio value
₹1,404 Cr
down ₹214 Cr vs Feb 2026
- Stocks held
- 43
- down 1 vs Feb 2026
- Top 10 weight
- 38.1%
- of the portfolio in its ten largest
- Cash & debt
- 5.8%
- cash, money market and debt
- Moves this month
- 13 in · 14 out
- added to 4, trimmed 26
Sundaram Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Sundaram Mutual Fund. In March 2026 it disclosed 43 stocks worth ₹1,404 Cr, down ₹214 Cr from Feb 2026. Its largest positions were Eternal Limited (5.5%), Larsen & Toubro Limited (4.8%), Kotak Mahindra Bank Limited (4.0%); the ten largest together made up 38.1% of the portfolio, and Banks was the biggest sector at 13.4% of its equity. Cash and debt stood at 5.8%. Compared with Feb 2026 the fund entered 13 new stocks and exited 14.
Against 229 other Sectoral / Thematic funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
48%
Holds more stocks than 48% of peers
Cash
76%
Holds more cash than 76% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 5.76% | up 3.56 pts | ₹80.9 Cr | up ₹45.3 Cr | Added |
| Eternal Limited | 5.53% | up 0.63 pts | ₹77.6 Cr | down ₹1.6 Cr | Trimmed |
| Larsen & Toubro Limited | 4.75% | up 0.05 pts | ₹66.7 Cr | down ₹9.3 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 3.96% | down 2.32 pts | ₹55.6 Cr | down ₹46 Cr | Trimmed |
| HDFC Bank Limited | 3.93% | up 3.93 pts | ₹55.2 Cr | up ₹55.2 Cr | New |
| Reliance Industries Limited | 3.45% | down 0.42 pts | ₹48.5 Cr | down ₹14.2 Cr | Trimmed |
| Mahindra & Mahindra Limited | 3.41% | up 0.01 pts | ₹47.9 Cr | down ₹7.2 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 3.39% | up 3.39 pts | ₹47.6 Cr | up ₹47.6 Cr | New |
| Amber Enterprises India Limited | 3.39% | down 0.19 pts | ₹47.6 Cr | down ₹10.4 Cr | Trimmed |
| Polycab India Limited | 3.27% | up 3.27 pts | ₹45.9 Cr | up ₹45.9 Cr | New |
| FSN E-Commerce Ventures Limited | 3.04% | up 1.51 pts | ₹42.7 Cr | up ₹18 Cr | Added |
| Delhivery Limited | 3.00% | up 0.54 pts | ₹42.1 Cr | up ₹2.4 Cr | Added |
| State Bank of India | 2.94% | up 2.94 pts | ₹41.3 Cr | up ₹41.3 Cr | New |
| National Aluminium Company Limited | 2.80% | up 2.80 pts | ₹39.2 Cr | up ₹39.2 Cr | New |
| Affle (India) Limited | 2.80% | up 0.35 pts | ₹39.2 Cr | down ₹30 L | Trimmed |
| PB Fintech Limited | 2.63% | up 0.26 pts | ₹36.9 Cr | down ₹1.4 Cr | Trimmed |
| TVS Motor Company Limited | 2.62% | up 2.62 pts | ₹36.8 Cr | up ₹36.8 Cr | New |
| Indegene Limited | 2.48% | up 0.88 pts | ₹34.8 Cr | up ₹9 Cr | Added |
| Radico Khaitan Limited | 2.47% | up 2.47 pts | ₹34.7 Cr | up ₹34.7 Cr | New |
| InterGlobe Aviation Limited | 2.44% | up 2.44 pts | ₹34.3 Cr | up ₹34.3 Cr | New |
| Jubilant Foodworks Limited | 2.42% | up 0.22 pts | ₹34 Cr | down ₹1.6 Cr | Trimmed |
| Bharat Electronics Limited | 2.39% | up 0.09 pts | ₹33.5 Cr | down ₹3.7 Cr | Trimmed |
| UltraTech Cement Limited | 2.29% | up 2.29 pts | ₹32.1 Cr | up ₹32.1 Cr | New |
| SJS Enterprises Pvt Limited | 2.25% | up 0.04 pts | ₹31.6 Cr | down ₹4.3 Cr | Trimmed |
| ZF Commercial Vehicle Control Systems India Limited | 1.99% | up 0.09 pts | ₹28 Cr | down ₹2.8 Cr | Trimmed |
| Aavas Financiers Limited | 1.97% | up 0.25 pts | ₹27.6 Cr | down ₹23 L | Trimmed |
| Kirloskar Pneumatic Company Limited | 1.95% | up 0.06 pts | ₹27.3 Cr | down ₹3.2 Cr | Trimmed |
| 360 One WAM Limited | 1.83% | down 0.02 pts | ₹25.7 Cr | down ₹4.2 Cr | Trimmed |
| Craftsman Automation Limited | 1.74% | up 0.11 pts | ₹24.4 Cr | down ₹1.9 Cr | Trimmed |
| TIPS MUSIC LIMITED | 1.43% | up 0.07 pts | ₹20.1 Cr | down ₹1.9 Cr | Trimmed |
| Bharti Airtel Limited | 1.41% | down 4.77 pts | ₹19.8 Cr | down ₹80.2 Cr | Trimmed |
| Amara Raja Batteries Limited | 1.37% | down 0.70 pts | ₹19.3 Cr | down ₹14.3 Cr | Trimmed |
| Rategain Travel Technologies Limited | 1.35% | down 0.06 pts | ₹18.9 Cr | down ₹3.9 Cr | Trimmed |
| Urban Company Ltd. | 1.17% | up 0.25 pts | ₹16.4 Cr | up ₹1.6 Cr | Added |
| Neuland Laboratories Limited | 1.05% | up 1.05 pts | ₹14.7 Cr | up ₹14.7 Cr | New |
| IndusInd Bank Limited | 1.00% | down 1.43 pts | ₹14 Cr | down ₹25.3 Cr | Trimmed |
| Cyient Limited | 0.90% | down 0.87 pts | ₹12.6 Cr | down ₹16 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 0.79% | up 0.79 pts | ₹11.1 Cr | up ₹11.1 Cr | New |
| KPIT Technologies Limited | 0.79% | down 0.04 pts | ₹11 Cr | down ₹2.4 Cr | Trimmed |
| Sapphire Foods India Limited | 0.78% | down 1.35 pts | ₹10.9 Cr | down ₹23.6 Cr | Trimmed |
| NIIT LEARNING SYSTEMS LTD | 0.50% | down 0.07 pts | ₹7.1 Cr | down ₹2.2 Cr | Trimmed |
| Landmark Cars Ltd | 0.48% | down 0.40 pts | ₹6.8 Cr | down ₹7.6 Cr | Trimmed |
| TD Power Systems Limited | 0.09% | up 0.09 pts | ₹1.3 Cr | up ₹1.3 Cr | New |
| MTAR Technologies Limited | <0.01% | up <0.01 pts | ₹6 L | up ₹6 L | New |
What changed, Feb 2026 to Mar 2026
New New positions (13)
- HDFC Bank Limited3.9% · ₹55.2 Cr
- Shriram Transport Finance Company Limited3.4% · ₹47.6 Cr
- Polycab India Limited3.3% · ₹45.9 Cr
- State Bank of India2.9% · ₹41.3 Cr
- National Aluminium Company Limited2.8% · ₹39.2 Cr
- TVS Motor Company Limited2.6% · ₹36.8 Cr
- Radico Khaitan Limited2.5% · ₹34.7 Cr
- InterGlobe Aviation Limited2.4% · ₹34.3 Cr
- UltraTech Cement Limited2.3% · ₹32.1 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 Feb 2026, the weight rose most in Banks (+4.5 pts) and Finance (+3.9 pts), and fell most in Telecom - Services (−4.8 pts) and Aerospace & Defense (−3.0 pts).
- Banks8.9% → 13.4%+4.5 pts
- Finance1.8% → 5.7%+3.9 pts
- Transport Services2.5% → 5.8%+3.3 pts
- Automobiles4.4% → 6.9%+2.5 pts
- Retailing9.1% → 10.3%+1.3 pts
- Pharmaceuticals & Biotechnology0.0% → 1.1%new+1.1 pts
- Telecom - Services6.3% → 1.5%−4.8 pts
- Aerospace & Defense5.5% → 2.5%−3.0 pts
- Auto Components10.1% → 7.8%−2.3 pts
- Consumer Durables5.3% → 3.6%−1.7 pts
- Chemicals & Petrochemicals1.2% → 0.0%exited−1.2 pts
- Food Products1.0% → 0.0%exited−1.0 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 | Mar 2025 | Sep 2025 | Sep 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Banks | 6.6% | 5.5% | 5.5% | 8.9% | 13.4% |
| Retailing | 8.2% | 11.3% | 11.3% | 9.1% | 10.3% |
| Auto Components | 6.6% | 8.2% | 8.2% | 10.1% | 7.8% |
| Automobiles | 4.9% | 4.3% | 4.3% | 4.4% | 6.9% |
| Transport Services | 2.3% | 2.3% | 2.3% | 2.5% | 5.8% |
| Finance | — | — | — | 1.8% | 5.7% |
| Industrial Products | 5.5% | 5.4% | 5.4% | 4.5% | 5.5% |
| Construction | 5.1% | 4.8% | 4.8% | 4.8% | 5.0% |
| IT - Services | 5.0% | 4.9% | 4.9% | 4.3% | 3.9% |
| Petroleum Products | 4.6% | 3.7% | 3.7% | 4.0% | 3.7% |
Allocation in Mar 2026change vs Feb 2026
- Banks (5)13.4%▲ 4.5 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, Mar 2026
5.8%
▲ 3.6 pts vs Feb 2026
- Cash alone
- 5.8%
- cash and net receivables
- A year earlier
- 16.7%
- Mar 2025 · now ▼ 10.9 pts
- Last 12 months
- 2.2% – 7.4%
- lowest to highest · record 16.7% in Mar 2025
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.