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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
₹1,576 Cr
up ₹173 Cr vs Mar 2026
- Stocks held
- 42
- down 1 vs Mar 2026
- Top 10 weight
- 35.3%
- of the portfolio in its ten largest
- Cash & debt
- 0.8%
- cash, money market and debt
- Moves this month
- 7 in · 8 out
- added to 10, trimmed 7
Sundaram Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Sundaram Mutual Fund. In April 2026 it disclosed 42 stocks worth ₹1,576 Cr, up ₹173 Cr from Mar 2026. Its largest positions were Oracle Financial Services Software Limited (4.1%), Eternal Limited (4.0%), Radico Khaitan Limited (3.7%); the ten largest together made up 35.3% of the portfolio, and Banks was the biggest sector at 9.7% of its equity. Cash and debt stood at 0.8%. Compared with Mar 2026 the fund entered 7 new stocks and exited 8.
Against 229 other Sectoral / Thematic funds
Concentration
18%
Top-10 weight is higher than 18% of peers
Breadth
46%
Holds more stocks than 46% of peers
Cash
10%
Holds more cash than 10% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Oracle Financial Services Software Limited | 4.13% | up 4.13 pts | ₹65.1 Cr | up ₹65.1 Cr | New |
| Eternal Limited | 4.02% | down 1.51 pts | ₹63.3 Cr | down ₹14.3 Cr | Trimmed |
| Radico Khaitan Limited | 3.68% | up 1.21 pts | ₹58 Cr | up ₹23.3 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 3.61% | up 0.22 pts | ₹57 Cr | up ₹9.4 Cr | Added |
| MTAR Technologies Limited | 3.54% | up 3.54 pts | ₹55.8 Cr | up ₹55.8 Cr | Added |
| Larsen & Toubro Limited | 3.47% | down 1.29 pts | ₹54.6 Cr | down ₹12.1 Cr | Trimmed |
| State Bank of India | 3.39% | up 0.45 pts | ₹53.5 Cr | up ₹12.2 Cr | Added |
| Jubilant Foodworks Limited | 3.19% | up 0.77 pts | ₹50.4 Cr | up ₹16.3 Cr | Added |
| InterGlobe Aviation Limited | 3.12% | up 0.68 pts | ₹49.3 Cr | up ₹14.9 Cr | Added |
| Polycab India Limited | 3.10% | down 0.17 pts | ₹48.8 Cr | up ₹2.9 Cr | Added |
| FSN E-Commerce Ventures Limited | 3.05% | up 0.01 pts | ₹48.1 Cr | up ₹5.4 Cr | Added |
| Delhivery Limited | 3.00% | down 0.01 pts | ₹47.2 Cr | up ₹5.1 Cr | Added |
| TIPS MUSIC LIMITED | 2.92% | up 1.48 pts | ₹46 Cr | up ₹25.9 Cr | Added |
| UltraTech Cement Limited | 2.92% | up 0.63 pts | ₹46 Cr | up ₹13.8 Cr | Added |
| Bank of Baroda | 2.82% | up 2.82 pts | ₹44.4 Cr | up ₹44.4 Cr | New |
| National Aluminium Company Limited | 2.82% | up 0.02 pts | ₹44.4 Cr | up ₹5.1 Cr | Added |
| Aavas Financiers Limited | 2.75% | up 0.79 pts | ₹43.4 Cr | up ₹15.8 Cr | Added |
| PB Fintech Limited | 2.73% | up 0.10 pts | ₹43 Cr | up ₹6.2 Cr | Added |
| Amber Enterprises India Limited | 2.71% | down 0.68 pts | ₹42.7 Cr | down ₹4.9 Cr | Trimmed |
| Affle (India) Limited | 2.66% | down 0.13 pts | ₹42 Cr | up ₹2.7 Cr | Added |
| Five Star Business Finance Limited | 2.58% | up 2.58 pts | ₹40.6 Cr | up ₹40.6 Cr | New |
| Nippon Life India Asset Management Limited | 2.57% | up 2.57 pts | ₹40.5 Cr | up ₹40.5 Cr | New |
| Indegene Limited | 2.54% | up 0.06 pts | ₹40.1 Cr | up ₹5.2 Cr | Added |
| Kirloskar Pneumatic Company Limited | 2.51% | up 0.56 pts | ₹39.5 Cr | up ₹12.2 Cr | Added |
| Ujjivan Small Finance Bank Limited | 2.30% | up 1.51 pts | ₹36.3 Cr | up ₹25.2 Cr | Added |
| TD Power Systems Limited | 2.03% | up 1.94 pts | ₹32 Cr | up ₹30.7 Cr | Added |
| SJS Enterprises Pvt Limited | 1.99% | down 0.27 pts | ₹31.3 Cr | down ₹31 L | Trimmed |
| Angel One Limited | 1.89% | up 1.89 pts | ₹29.7 Cr | up ₹29.7 Cr | New |
| Mahindra & Mahindra Limited | 1.86% | down 1.55 pts | ₹29.4 Cr | down ₹18.5 Cr | Trimmed |
| Rategain Travel Technologies Limited | 1.86% | up 0.51 pts | ₹29.3 Cr | up ₹10.4 Cr | Added |
| 360 One WAM Limited | 1.77% | down 0.05 pts | ₹28 Cr | up ₹2.3 Cr | Added |
| Craftsman Automation Limited | 1.71% | down 0.03 pts | ₹26.9 Cr | up ₹2.5 Cr | Added |
| Bharat Electronics Limited | 1.44% | down 0.95 pts | ₹22.7 Cr | down ₹10.8 Cr | Trimmed |
| Coforge Limited | 1.40% | up 1.40 pts | ₹22.1 Cr | up ₹22.1 Cr | New |
| Bharti Airtel Limited | 1.33% | down 0.08 pts | ₹21 Cr | up ₹1.2 Cr | Added |
| Neuland Laboratories Limited | 1.17% | up 0.12 pts | ₹18.4 Cr | up ₹3.6 Cr | Added |
| Urban Company Ltd. | 1.10% | down 0.07 pts | ₹17.4 Cr | up ₹97 L | Added |
| IndusInd Bank Limited | 1.08% | up 0.08 pts | ₹17 Cr | up ₹3 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.00% | up 1.00 pts | ₹15.8 Cr | up ₹15.8 Cr | New |
| Sapphire Foods India Limited | 0.95% | up 0.17 pts | ₹14.9 Cr | up ₹4 Cr | Added |
| Cash, TREPS & receivables | 0.80% | down 4.96 pts | ₹12.7 Cr | down ₹68.2 Cr | Trimmed |
| Landmark Cars Ltd | 0.48% | down 0.01 pts | ₹7.5 Cr | up ₹75 L | Added |
| TVS Motor Company Limited | 0.03% | down 2.59 pts | ₹48 L | down ₹36.3 Cr | Trimmed |
What changed, Mar 2026 to Apr 2026
New New positions (7)
- Oracle Financial Services Software Limited4.1% · ₹65.1 Cr
- Bank of Baroda2.8% · ₹44.4 Cr
- Five Star Business Finance Limited2.6% · ₹40.6 Cr
- Nippon Life India Asset Management Limited2.6% · ₹40.5 Cr
- Angel One Limited1.9% · ₹29.7 Cr
- Coforge Limited1.4% · ₹22.1 Cr
- Hindustan Petroleum Corporation Limited1.0% · ₹15.8 Cr
Exited Exited (8)
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 Mar 2026, the weight rose most in IT - Software (+5.2 pts) and Capital Markets (+4.3 pts), and fell most in Automobiles (−4.5 pts) and Auto Components (−4.1 pts).
- IT - Software2.3% → 7.5%+5.2 pts
- Capital Markets1.9% → 6.3%+4.3 pts
- Finance5.7% → 9.0%+3.3 pts
- Aerospace & Defense2.5% → 5.0%+2.5 pts
- Electrical Equipment0.1% → 2.0%+1.9 pts
- Entertainment1.5% → 2.9%+1.4 pts
- Automobiles6.9% → 2.4%−4.5 pts
- Auto Components7.8% → 3.7%−4.1 pts
- Banks13.4% → 9.7%−3.7 pts
- Petroleum Products3.7% → 1.0%−2.7 pts
- Retailing10.3% → 8.2%−2.1 pts
- Construction5.0% → 3.5%−1.5 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 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|
| Banks | 6.6% | 5.5% | 8.5% | 13.4% | 9.7% |
| Finance | — | — | 2.0% | 5.7% | 9.0% |
| Retailing | 8.2% | 11.3% | 9.5% | 10.3% | 8.2% |
| IT - Software | 1.3% | 2.9% | 2.8% | 2.3% | 7.5% |
| Capital Markets | 4.2% | 3.1% | 2.3% | 1.9% | 6.3% |
| Transport Services | 2.3% | 2.3% | 2.4% | 5.8% | 6.2% |
| Industrial Products | 5.5% | 5.4% | 4.6% | 5.5% | 5.6% |
| Aerospace & Defense | 2.1% | 2.0% | 5.6% | 2.5% | 5.0% |
| Leisure Services | 6.3% | 5.3% | 4.1% | 3.4% | 4.2% |
| Auto Components | 6.6% | 8.2% | 9.6% | 7.8% | 3.7% |
Allocation in Apr 2026change vs Mar 2026
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, Apr 2026
0.8%
▼ 5.0 pts vs Mar 2026
- Cash alone
- 0.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 0.8% – 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.