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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
₹2,668 Cr
down ₹7 Cr vs May 2026
- Stocks held
- 56
- down 3 vs May 2026
- Top 10 weight
- 33.6%
- of the portfolio in its ten largest
- Cash & debt
- 1.7%
- cash, money market and debt
- Moves this month
- 3 in · 6 out
- added to 10, trimmed 22
Tata Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Tata Mutual Fund. In June 2026 it disclosed 56 stocks worth ₹2,668 Cr, down ₹7 Cr from May 2026. Its largest positions were Reliance Industries Limited (4.7%), Metropolis Healthcare Limited (4.2%), Axis Bank Limited (3.9%); the ten largest together made up 33.6% of the portfolio, and Banks was the biggest sector at 12.2% of its equity. Cash and debt stood at 1.7%. Compared with May 2026 the fund entered 3 new stocks and exited 6.
Against 226 other Sectoral / Thematic funds
Concentration
14%
Top-10 weight is higher than 14% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
26%
Holds more cash than 26% of peers
What these mean: concentration · cash
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 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 | 4.73% | down 0.09 pts | ₹126 Cr | down ₹2.7 Cr | Trimmed |
| Metropolis Healthcare Limited | 4.23% | down 0.11 pts | ₹113 Cr | down ₹3.2 Cr | Trimmed |
| Axis Bank Limited | 3.92% | up 0.18 pts | ₹105 Cr | up ₹4.6 Cr | Added |
| Jindal Steel & Power Limited | 3.31% | down 0.45 pts | ₹88.4 Cr | down ₹12.3 Cr | Trimmed |
| Larsen & Toubro Limited | 3.14% | up 0.06 pts | ₹83.9 Cr | up ₹1.4 Cr | Added |
| HDFC Bank Limited | 3.09% | up 0.02 pts | ₹82.4 Cr | up ₹30 L | Held |
| L&T Finance Limited | 3.02% | up 0.05 pts | ₹80.6 Cr | up ₹1.3 Cr | Added |
| Delhivery Limited | 2.90% | up 0.13 pts | ₹77.4 Cr | up ₹3.2 Cr | Added |
| PB Fintech Limited | 2.65% | down 0.11 pts | ₹70.7 Cr | down ₹3.2 Cr | Trimmed |
| Cummins India Limited | 2.57% | down 0.09 pts | ₹68.5 Cr | down ₹2.7 Cr | Trimmed |
| Ambuja Cements Limited | 2.47% | down 0.15 pts | ₹65.9 Cr | down ₹4.1 Cr | Trimmed |
| Adani Energy Solutions Limited | 2.40% | down 0.23 pts | ₹64.1 Cr | down ₹6.2 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.26% | up 0.21 pts | ₹60.2 Cr | up ₹5.5 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 2.21% | up 0.03 pts | ₹58.9 Cr | up ₹74 L | Added |
| Godrej Properties Limited | 2.17% | up 0.13 pts | ₹58 Cr | up ₹3.2 Cr | Added |
| Marico Limited | 2.01% | up 0.04 pts | ₹53.5 Cr | up ₹93 L | Added |
| Kotak Mahindra Bank Limited | 2.01% | up 0.05 pts | ₹53.5 Cr | up ₹1.1 Cr | Added |
| Oil & Natural Gas Corporation Limited | 1.93% | up 0.94 pts | ₹51.5 Cr | up ₹24.9 Cr | Added |
| Tata Steel Limited | 1.87% | down 0.19 pts | ₹50 Cr | down ₹5.3 Cr | Trimmed |
| Varun Beverages Limited | 1.87% | down 0.07 pts | ₹49.8 Cr | down ₹2 Cr | Trimmed |
| Bank of Baroda | 1.81% | up 0.03 pts | ₹48.4 Cr | up ₹69 L | Added |
| Sedemac Mechatronics Limited | 1.79% | down 0.18 pts | ₹47.7 Cr | down ₹4.9 Cr | Trimmed |
| Apollo Hospitals Enterprise Limited | 1.79% | down 0.66 pts | ₹47.7 Cr | down ₹17.7 Cr | Trimmed |
| The Ramco Cements Limited | 1.78% | up 0.12 pts | ₹47.4 Cr | up ₹3 Cr | Added |
| Adani Power Limited | 1.70% | down 0.14 pts | ₹45.4 Cr | down ₹4 Cr | Trimmed |
| Adani Ports and Special Economic Zone Limited | 1.68% | up 0.01 pts | ₹44.9 Cr | up ₹14 L | Held |
| Cash, TREPS & receivables | 1.67% | down 1.35 pts | ₹44.5 Cr | down ₹36.3 Cr | Trimmed |
| GlaxoSmithKline Pharmaceuticals Limited | 1.54% | up 0.72 pts | ₹41.2 Cr | up ₹19.1 Cr | Added |
| Acme Solar Holdings Ltd | 1.51% | up 0.07 pts | ₹40.3 Cr | up ₹1.7 Cr | Added |
| Vedanta Aluminium Metal Limited | 1.50% | up 1.50 pts | ₹40 Cr | up ₹40 Cr | New |
| ICICI Lombard General Insurance Company Limited | 1.49% | down 0.04 pts | ₹39.8 Cr | down ₹1.2 Cr | Trimmed |
| Ratnamani Metals & Tubes Limited | 1.47% | up 1.47 pts | ₹39.2 Cr | up ₹39.2 Cr | New |
| Dr. Lal Path Labs Limited | 1.45% | down 0.14 pts | ₹38.7 Cr | down ₹3.9 Cr | Trimmed |
| Emmvee Photovoltaic Power Limited | 1.42% | up 0.08 pts | ₹38 Cr | up ₹2 Cr | Added |
| Bajaj Finserv Limited | 1.40% | up <0.01 pts | ₹37.4 Cr | down ₹7 L | Held |
| HDFC Life Insurance Company Limited | 1.39% | down 0.04 pts | ₹37 Cr | down ₹1.2 Cr | Trimmed |
| One 97 Communications Limited | 1.35% | up 0.03 pts | ₹36 Cr | up ₹72 L | Added |
| Bharat Forge Limited | 1.29% | up 0.30 pts | ₹34.3 Cr | up ₹7.9 Cr | Added |
| Nuvoco Vistas Corporation Ltd. | 1.27% | down 0.19 pts | ₹33.8 Cr | down ₹5.1 Cr | Trimmed |
| KEC International Limited | 1.26% | up 0.06 pts | ₹33.7 Cr | up ₹1.4 Cr | Added |
| DCB Bank Limited | 1.15% | up 0.06 pts | ₹30.7 Cr | up ₹1.6 Cr | Added |
| Dixon Technologies (India) Limited | 1.09% | up 0.04 pts | ₹29.2 Cr | up ₹97 L | Added |
| Gravita India Limited | 1.08% | up 0.01 pts | ₹28.9 Cr | up ₹31 L | Added |
| 360 One WAM Limited | 1.08% | down 0.03 pts | ₹28.9 Cr | down ₹80 L | Trimmed |
| Bayer Cropscience Limited | 1.06% | up 0.03 pts | ₹28.2 Cr | up ₹69 L | Added |
| NHPC Limited | 1.04% | up 0.03 pts | ₹27.7 Cr | up ₹84 L | Added |
| Five Star Business Finance Limited | 1.03% | up 0.12 pts | ₹27.6 Cr | up ₹3.3 Cr | Added |
| Graphite India Limited | 1.03% | down 0.19 pts | ₹27.5 Cr | down ₹5.1 Cr | Trimmed |
| Hindustan Unilever Limited | 0.99% | down 0.01 pts | ₹26.5 Cr | down ₹44 L | Trimmed |
| Shree Cement Limited | 0.99% | up <0.01 pts | ₹26.4 Cr | down ₹3 L | Held |
What changed, May 2026 to Jun 2026
New New positions (3)
- Vedanta Aluminium Metal Limited1.5% · ₹40 Cr
- Ratnamani Metals & Tubes Limited1.5% · ₹39.2 Cr
- SBI Cards and Payment Services Limited0.7% · ₹19.7 Cr
Exited Exited (6)
- Vedanta Limitedwas 1.0% · ₹26.1 Cr
- Tata Capital Limitedwas 0.6% · ₹14.8 Cr
- VEDANTA IRON AND STEEL LTDwas 0.3% · ₹9 Cr
- MALCO ENERGY LTDwas 0.3% · ₹9 Cr
- VEDANTA ALUMINIUM METAL LTDwas 0.3% · ₹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 May 2026, the weight rose most in Industrial Products (+1.4 pts) and Non - Ferrous Metals (+1.2 pts), and fell most in Ferrous Metals (−1.1 pts) and Healthcare Services (−1.0 pts).
- Industrial Products5.0% → 6.5%+1.4 pts
- Non - Ferrous Metals0.3% → 1.5%+1.2 pts
- Oil1.0% → 2.0%+0.9 pts
- Pharmaceuticals & Biotechnology0.9% → 1.6%+0.7 pts
- Finance8.1% → 8.6%+0.5 pts
- Banks12.0% → 12.2%+0.2 pts
- Ferrous Metals6.4% → 5.3%−1.1 pts
- Healthcare Services8.6% → 7.6%−1.0 pts
- Diversified Metals1.0% → 0.0%exited−1.0 pts
- Power7.5% → 6.8%−0.7 pts
- Consumable Fuels0.3% → 0.0%exited−0.3 pts
- Cement & Cement Products6.9% → 6.6%−0.3 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 2026 | May 2026 | Jun 2026 |
|---|---|---|---|
| Banks | 13.4% | 12.0% | 12.2% |
| Finance | 7.7% | 8.1% | 8.6% |
| Healthcare Services | 7.9% | 8.6% | 7.6% |
| Power | 5.1% | 7.5% | 6.8% |
| Cement & Cement Products | 8.2% | 6.9% | 6.6% |
| Industrial Products | 3.5% | 5.0% | 6.5% |
| Ferrous Metals | 6.3% | 6.4% | 5.3% |
| Insurance | 5.3% | 5.3% | 5.2% |
| Petroleum Products | 7.1% | 5.0% | 4.8% |
| Construction | 4.4% | 4.4% | 4.5% |
Allocation in Jun 2026change vs May 2026
- Banks (5)12.2%▲ 0.2 pts
- Finance (5)
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, Jun 2026
1.7%
▼ 1.4 pts vs May 2026
- Cash alone
- 1.7%
- 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.