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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
₹1,594 Cr
up ₹17.7 Cr vs Apr 2026
- Stocks held
- 36
- down 6 vs Apr 2026
- Top 10 weight
- 38.5%
- of the portfolio in its ten largest
- Cash & debt
- 2.7%
- cash, money market and debt
- Moves this month
- 1 in · 7 out
- added to 10, trimmed 9
Sundaram Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Sundaram Mutual Fund. In May 2026 it disclosed 36 stocks worth ₹1,594 Cr, up ₹17.7 Cr from Apr 2026. Its largest positions were Radico Khaitan Limited (4.5%), MTAR Technologies Limited (4.3%), Oracle Financial Services Software Limited (4.2%); the ten largest together made up 38.5% of the portfolio, and IT - Software was the biggest sector at 10.0% of its equity. Cash and debt stood at 2.7%. Compared with Apr 2026 the fund entered 1 new stock and exited 7.
Against 229 other Sectoral / Thematic funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
32%
Holds more stocks than 32% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Radico Khaitan Limited | 4.49% | up 0.82 pts | ₹71.6 Cr | up ₹13.7 Cr | Added |
| MTAR Technologies Limited | 4.27% | up 0.73 pts | ₹68.1 Cr | up ₹12.3 Cr | Added |
| Oracle Financial Services Software Limited | 4.18% | up 0.05 pts | ₹66.7 Cr | up ₹1.6 Cr | Added |
| Eternal Limited | 4.03% | up 0.01 pts | ₹64.2 Cr | up ₹91 L | Added |
| National Aluminium Company Limited | 3.95% | up 1.13 pts | ₹63 Cr | up ₹18.6 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 3.61% | down <0.01 pts | ₹57.5 Cr | up ₹60 L | Added |
| Polycab India Limited | 3.58% | up 0.48 pts | ₹57 Cr | up ₹8.2 Cr | Added |
| Delhivery Limited | 3.55% | up 0.55 pts | ₹56.6 Cr | up ₹9.4 Cr | Added |
| InterGlobe Aviation Limited | 3.43% | up 0.31 pts | ₹54.7 Cr | up ₹5.4 Cr | Added |
| PB Fintech Limited | 3.40% | up 0.67 pts | ₹54.2 Cr | up ₹11.1 Cr | Added |
| Five Star Business Finance Limited | 3.24% | up 0.66 pts | ₹51.7 Cr | up ₹11 Cr | Added |
| State Bank of India | 3.03% | down 0.36 pts | ₹48.3 Cr | down ₹5.2 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 3.01% | up 0.44 pts | ₹48 Cr | up ₹7.5 Cr | Added |
| FSN E-Commerce Ventures Limited | 2.99% | down 0.06 pts | ₹47.6 Cr | down ₹45 L | Trimmed |
| TIPS MUSIC LIMITED | 2.94% | up 0.02 pts | ₹46.9 Cr | up ₹90 L | Added |
| UltraTech Cement Limited | 2.86% | down 0.06 pts | ₹45.5 Cr | down ₹41 L | Trimmed |
| Bank of Baroda | 2.84% | up 0.02 pts | ₹45.3 Cr | up ₹85 L | Added |
| Coforge Limited | 2.77% | up 1.37 pts | ₹44.2 Cr | up ₹22.1 Cr | Added |
| Rategain Travel Technologies Limited | 2.74% | up 0.88 pts | ₹43.7 Cr | up ₹14.4 Cr | Added |
| Cash, TREPS & receivables | 2.73% | up 1.92 pts | ₹43.4 Cr | up ₹30.8 Cr | Added |
| Affle (India) Limited | 2.71% | up 0.05 pts | ₹43.2 Cr | up ₹1.2 Cr | Added |
| Aavas Financiers Limited | 2.65% | down 0.10 pts | ₹42.2 Cr | down ₹1.2 Cr | Trimmed |
| Indegene Limited | 2.62% | up 0.08 pts | ₹41.8 Cr | up ₹1.7 Cr | Added |
| Kirloskar Pneumatic Company Limited | 2.59% | up 0.09 pts | ₹41.4 Cr | up ₹1.9 Cr | Added |
| Ujjivan Small Finance Bank Limited | 2.56% | up 0.25 pts | ₹40.8 Cr | up ₹4.5 Cr | Added |
| Angel One Limited | 2.48% | up 0.60 pts | ₹39.6 Cr | up ₹9.8 Cr | Added |
| 360 One WAM Limited | 2.47% | up 0.70 pts | ₹39.4 Cr | up ₹11.4 Cr | Added |
| TD Power Systems Limited | 2.29% | up 0.27 pts | ₹36.6 Cr | up ₹4.6 Cr | Added |
| SJS Enterprises Pvt Limited | 2.29% | up 0.30 pts | ₹36.5 Cr | up ₹5.1 Cr | Added |
| Hindustan Petroleum Corporation Limited | 1.97% | up 0.96 pts | ₹31.4 Cr | up ₹15.5 Cr | Added |
| Mahindra & Mahindra Limited | 1.81% | down 0.05 pts | ₹28.9 Cr | down ₹49 L | Trimmed |
| Craftsman Automation Limited | 1.44% | down 0.26 pts | ₹23 Cr | down ₹3.9 Cr | Trimmed |
| Bharat Electronics Limited | 1.36% | down 0.08 pts | ₹21.6 Cr | down ₹1.1 Cr | Trimmed |
| IndusInd Bank Limited | 1.07% | down 0.01 pts | ₹17 Cr | down ₹3 L | Held |
| Amber Enterprises India Limited | 1.03% | down 1.68 pts | ₹16.4 Cr | down ₹26.3 Cr | Trimmed |
| Kalyan Jewellers India Limited | 0.98% | up 0.98 pts | ₹15.7 Cr | up ₹15.7 Cr | New |
| TVS Motor Company Limited | 0.03% | down <0.01 pts | ₹46 L | down ₹2 L | Trimmed |
What changed, Apr 2026 to May 2026
New New positions (1)
- Kalyan Jewellers India Limited1.0% · ₹15.7 Cr
Exited Exited (7)
- Larsen & Toubro Limitedwas 3.5% · ₹54.6 Cr
- Jubilant Foodworks Limitedwas 3.2% · ₹50.4 Cr
- Bharti Airtel Limitedwas 1.3% · ₹21 Cr
- Neuland Laboratories Limitedwas 1.2% · ₹18.4 Cr
- Urban Company Ltd.was 1.1% · ₹17.4 Cr
- Sapphire Foods India Limitedwas 0.9% · ₹14.9 Cr
- Landmark Cars Ltdwas 0.5% · ₹7.5 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 Apr 2026, the weight rose most in IT - Software (+2.5 pts) and Capital Markets (+1.9 pts), and fell most in Leisure Services (−4.2 pts) and Construction (−3.5 pts).
- IT - Software7.5% → 10.0%+2.5 pts
- Capital Markets6.3% → 8.2%+1.9 pts
- Non - Ferrous Metals2.8% → 4.1%+1.2 pts
- Petroleum Products1.0% → 2.0%+1.0 pts
- Transport Services6.2% → 7.2%+1.0 pts
- Beverages3.7% → 4.6%+0.9 pts
- Leisure Services4.2% → 0.0%exited−4.2 pts
- Construction3.5% → 0.0%exited−3.5 pts
- Telecom - Services1.3% → 0.0%exited−1.3 pts
- Pharmaceuticals & Biotechnology1.2% → 0.0%exited−1.2 pts
- Retailing8.2% → 7.2%−1.0 pts
- Consumer Durables2.7% → 2.1%−0.7 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 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|
| IT - Software | 1.3% | 2.9% | 2.3% | 7.5% | 10.0% |
| Finance | — | — | 1.8% | 9.0% | 9.8% |
| Banks | 6.6% | 5.5% | 8.9% | 9.7% | 9.8% |
| Capital Markets | 4.2% | 3.1% | 1.9% | 6.3% | 8.2% |
| Retailing | 8.2% | 11.3% | 9.1% | 8.2% | 7.2% |
| Transport Services | 2.3% | 2.3% | 2.5% | 6.2% | 7.2% |
| Industrial Products | 5.5% | 5.4% | 4.5% | 5.6% | 6.3% |
| Aerospace & Defense | 2.1% | 2.0% | 5.5% | 5.0% | 5.8% |
| Beverages | 4.0% | 4.3% | 2.7% | 3.7% | 4.6% |
| Non - Ferrous Metals | 2.4% | 2.7% | 3.4% | 2.8% | 4.1% |
Allocation in May 2026change vs Apr 2026
- IT - Software (3)10.0%
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, May 2026
2.7%
▲ 1.9 pts vs Apr 2026
- Cash alone
- 2.7%
- 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.