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Sectoral / Thematic · Tata Mutual Fund · AMFI code 149066Tata Business Cycle Fund
Disclosed for 9 months, Jan 2026 to Sep 2026.Published as: TATA BUSINESS CYCLE FUND
Portfolio value
₹2,637 Cr
up ₹271 Cr vs Mar 2026
- Stocks held
- 56
- up 5 vs Mar 2026
- Top 10 weight
- 35.1%
- of the portfolio in its ten largest
- Cash & debt
- 3.5%
- cash, money market and debt
- Moves this month
- 6 in · 1 out
- added to 10, trimmed 7
Tata Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Tata Mutual Fund. In April 2026 it disclosed 56 stocks worth ₹2,637 Cr, up ₹271 Cr from Mar 2026. Its largest positions were Reliance Industries Limited (5.3%), HDFC Bank Limited (4.2%), Jindal Steel & Power Limited (3.9%); the ten largest together made up 35.1% of the portfolio, and Banks was the biggest sector at 13.4% of its equity. Cash and debt stood at 3.5%. Compared with Mar 2026 the fund entered 6 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
18%
Top-10 weight is higher than 18% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
52%
Holds more cash than 52% 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.
| Reliance Industries Limited | 5.29% | down 1.78 pts | ₹140 Cr | down ₹27.8 Cr | Trimmed |
| HDFC Bank Limited | 4.25% | down 0.24 pts | ₹112 Cr | up ₹5.8 Cr | Added |
| Jindal Steel & Power Limited | 3.87% | down 0.81 pts | ₹102 Cr | down ₹8.6 Cr | Trimmed |
| Metropolis Healthcare Limited | 3.77% | down 0.06 pts | ₹99.4 Cr | up ₹8.9 Cr | Added |
| Axis Bank Limited | 3.74% | down 0.08 pts | ₹98.7 Cr | up ₹8.3 Cr | Added |
| Cash, TREPS & receivables | 3.48% | up 2.52 pts | ₹91.7 Cr | up ₹69.2 Cr | Added |
| Larsen & Toubro Limited | 3.08% | up 0.08 pts | ₹81.3 Cr | up ₹10.3 Cr | Added |
| L&T Finance Limited | 2.94% | up 0.13 pts | ₹77.5 Cr | up ₹10.9 Cr | Added |
| Delhivery Limited | 2.90% | up 0.02 pts | ₹76.6 Cr | up ₹8.3 Cr | Added |
| Cummins India Limited | 2.66% | up 0.13 pts | ₹70.1 Cr | up ₹10.2 Cr | Added |
| Ambuja Cements Limited | 2.63% | down 0.02 pts | ₹69.3 Cr | up ₹6.7 Cr | Added |
| Lupin Limited | 2.38% | down 0.72 pts | ₹62.7 Cr | down ₹10.6 Cr | Trimmed |
| PB Fintech Limited | 2.36% | up 0.11 pts | ₹62.3 Cr | up ₹8.9 Cr | Added |
| Apollo Hospitals Enterprise Limited | 2.31% | down 0.19 pts | ₹61 Cr | up ₹1.7 Cr | Added |
| Godrej Properties Limited | 2.16% | up 0.23 pts | ₹57 Cr | up ₹11.3 Cr | Added |
| Tata Steel Limited | 2.13% | up 0.52 pts | ₹56.2 Cr | up ₹18.1 Cr | Added |
| Adani Energy Solutions Limited | 2.11% | up 0.08 pts | ₹55.7 Cr | up ₹7.6 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.05% | down 0.08 pts | ₹54.2 Cr | up ₹3.8 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 2.02% | up <0.01 pts | ₹53.3 Cr | up ₹5.5 Cr | Added |
| Adani Power Limited | 2.00% | up 0.33 pts | ₹52.8 Cr | up ₹13.2 Cr | Added |
| Kotak Mahindra Bank Limited | 1.98% | down 0.05 pts | ₹52.3 Cr | up ₹4.1 Cr | Added |
| Varun Beverages Limited | 1.91% | up 0.32 pts | ₹50.4 Cr | up ₹12.7 Cr | Added |
| Marico Limited | 1.88% | down 0.11 pts | ₹49.6 Cr | up ₹2.5 Cr | Added |
| The Ramco Cements Limited | 1.81% | down 0.17 pts | ₹47.7 Cr | up ₹76 L | Added |
| Bank of Baroda | 1.77% | down 0.08 pts | ₹46.8 Cr | up ₹2.8 Cr | Added |
| Sedemac Mechatronics Limited | 1.71% | up 0.14 pts | ₹45.1 Cr | up ₹8 Cr | Added |
| Adani Ports and Special Economic Zone Limited | 1.56% | up 0.18 pts | ₹41.1 Cr | up ₹8.6 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.53% | down 0.12 pts | ₹40.3 Cr | up ₹1.2 Cr | Added |
| Acme Solar Holdings Ltd | 1.43% | up 0.05 pts | ₹37.7 Cr | up ₹5.1 Cr | Added |
| HDFC Life Insurance Company Limited | 1.43% | down 0.17 pts | ₹37.7 Cr | down ₹24 L | Trimmed |
| Bajaj Finserv Limited | 1.39% | down 0.06 pts | ₹36.7 Cr | up ₹2.4 Cr | Added |
| KEC International Limited | 1.37% | down 0.02 pts | ₹36.3 Cr | up ₹3.2 Cr | Added |
| Dr. Lal Path Labs Limited | 1.37% | down 0.10 pts | ₹36.2 Cr | up ₹1.5 Cr | Added |
| One 97 Communications Limited | 1.31% | up 0.03 pts | ₹34.5 Cr | up ₹4.3 Cr | Added |
| Nuvoco Vistas Corporation Ltd. | 1.25% | down 0.07 pts | ₹33 Cr | up ₹1.7 Cr | Added |
| Havells India Limited | 1.25% | down 0.09 pts | ₹33 Cr | up ₹1.3 Cr | Added |
| DCB Bank Limited | 1.17% | up 0.06 pts | ₹31 Cr | up ₹4.7 Cr | Added |
| Emmvee Photovoltaic Power Limited | 1.10% | down 0.17 pts | ₹29.1 Cr | down ₹99 L | Trimmed |
| Bayer Cropscience Limited | 1.10% | down 0.10 pts | ₹29 Cr | up ₹72 L | Added |
| Gravita India Limited | 1.10% | up 0.11 pts | ₹28.9 Cr | up ₹5.5 Cr | Added |
| Hindustan Unilever Limited | 1.07% | down 0.02 pts | ₹28.1 Cr | up ₹2.4 Cr | Added |
| 360 One WAM Limited | 1.06% | down 0.02 pts | ₹27.8 Cr | up ₹2.3 Cr | Added |
| Dabur India Limited | 1.05% | down 0.04 pts | ₹27.6 Cr | up ₹1.9 Cr | Added |
| PI Industries Limited | 1.04% | up 0.01 pts | ₹27.4 Cr | up ₹3 Cr | Added |
| ITC Limited | 1.01% | down 0.02 pts | ₹26.8 Cr | up ₹2.3 Cr | Added |
| Bharat Heavy Electricals Limited | 1.00% | up 1.00 pts | ₹26.4 Cr | up ₹26.4 Cr | New |
| Five Star Business Finance Limited | 0.99% | up 0.34 pts | ₹26.2 Cr | up ₹10.8 Cr | Added |
| Graphite India Limited | 0.99% | up 0.03 pts | ₹26.1 Cr | up ₹3.3 Cr | Added |
| Shree Cement Limited | 0.96% | down 1.18 pts | ₹25.3 Cr | down ₹25.2 Cr | Trimmed |
| Vedanta Limited | 0.76% | down 1.29 pts | ₹20.1 Cr | down ₹28.4 Cr | Trimmed |
What changed, Mar 2026 to Apr 2026
New New positions (6)
- Bharat Heavy Electricals Limited1.0% · ₹26.4 Cr
- NHPC Limited0.5% · ₹13.3 Cr
- TALWANDI SABO POWER LTD0.3% · ₹9 Cr
- VEDANTA ALUMINIUM METAL LTD0.3% · ₹9 Cr
- MALCO ENERGY LTD0.3% · ₹9 Cr
- VEDANTA IRON AND STEEL LTD0.3% · ₹9 Cr
Exited Exited (1)
- Vedant Fashions Limitedwas 0.4% · ₹10.3 Cr
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 Mar 2026, the weight rose most in Power (+1.5 pts) and Electrical Equipment (+0.9 pts), and fell most in Petroleum Products (−1.7 pts) and Diversified Metals (−1.3 pts).
- Power5.1% → 6.6%+1.5 pts
- Electrical Equipment1.3% → 2.2%+0.9 pts
- Finance7.7% → 8.3%+0.5 pts
- Beverages1.6% → 2.0%+0.4 pts
- Consumable Fuels0.0% → 0.4%new+0.4 pts
- Non - Ferrous Metals0.0% → 0.4%new+0.4 pts
- Petroleum Products7.1% → 5.5%−1.7 pts
- Diversified Metals2.1% → 0.8%−1.3 pts
- Cement & Cement Products8.2% → 6.9%−1.3 pts
- Pharmaceuticals & Biotechnology3.1% → 2.5%−0.7 pts
- Retailing0.4% → 0.0%exited−0.4 pts
- Insurance5.3% → 5.2%−0.2 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 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|
| Banks | 14.1% | 13.4% | 13.4% |
| Finance | 9.6% | 7.7% | 8.3% |
| Healthcare Services | 6.9% | 7.9% | 7.7% |
| Cement & Cement Products | 8.9% | 8.2% | 6.9% |
| Power | 2.8% | 5.1% | 6.6% |
| Ferrous Metals | 5.5% | 6.3% | 6.6% |
| Petroleum Products | 6.6% | 7.1% | 5.5% |
| Insurance | 5.4% | 5.3% | 5.2% |
| Construction | 4.8% | 4.4% | 4.6% |
| Financial Technology (fintech) | 2.3% | 3.6% | 3.8% |
Allocation in Apr 2026change vs Mar 2026
- Banks (5)13.4%▼ 0.1 pts
- Finance (5)8.3%
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
3.5%
▲ 2.5 pts vs Mar 2026
- Cash alone
- 3.5%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.0% – 3.5%
- lowest to highest · record 3.5% in Apr 2026
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.