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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
₹2,634 Cr
down ₹34 Cr vs Jun 2026
- Stocks held
- 54
- down 2 vs Jun 2026
- Top 10 weight
- 34.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.1%
- cash, money market and debt
- Moves this month
- 1 in · 3 out
- added to 10, trimmed 21
Tata Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Tata Mutual Fund. In July 2026 it disclosed 54 stocks worth ₹2,634 Cr, down ₹34 Cr from Jun 2026. Its largest positions were Reliance Industries Limited (4.8%), Metropolis Healthcare Limited (4.5%), Axis Bank Limited (3.6%); the ten largest together made up 34.3% of the portfolio, and Banks was the biggest sector at 10.0% of its equity. Cash and debt stood at 2.1%. Compared with Jun 2026 the fund entered 1 new stock and exited 3.
Against 229 other Sectoral / Thematic funds
Concentration
16%
Top-10 weight is higher than 16% of peers
Breadth
77%
Holds more stocks than 77% of peers
Cash
30%
Holds more cash than 30% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 4.85% | up 0.11 pts | ₹128 Cr | up ₹1.4 Cr | Added |
| Metropolis Healthcare Limited | 4.52% | up 0.29 pts | ₹119 Cr | up ₹6.2 Cr | Added |
| Axis Bank Limited | 3.63% | down 0.29 pts | ₹95.6 Cr | down ₹9 Cr | Trimmed |
| HDFC Bank Limited | 3.61% | up 0.53 pts | ₹95.2 Cr | up ₹12.8 Cr | Added |
| Jindal Steel & Power Limited | 3.49% | up 0.18 pts | ₹91.9 Cr | up ₹3.5 Cr | Added |
| L&T Finance Limited | 3.07% | up 0.04 pts | ₹80.8 Cr | up ₹13 L | Held |
| Delhivery Limited | 3.00% | up 0.10 pts | ₹79.1 Cr | up ₹1.6 Cr | Added |
| Larsen & Toubro Limited | 2.80% | down 0.34 pts | ₹73.8 Cr | down ₹10 Cr | Trimmed |
| Adani Energy Solutions Limited | 2.69% | up 0.28 pts | ₹70.7 Cr | up ₹6.6 Cr | Added |
| PB Fintech Limited | 2.64% | down 0.01 pts | ₹69.6 Cr | down ₹1.2 Cr | Trimmed |
| Ambuja Cements Limited | 2.56% | up 0.09 pts | ₹67.5 Cr | up ₹1.6 Cr | Added |
| Cummins India Limited | 2.54% | down 0.03 pts | ₹66.8 Cr | down ₹1.7 Cr | Trimmed |
| Godrej Properties Limited | 2.48% | up 0.31 pts | ₹65.4 Cr | up ₹7.4 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 2.30% | up 0.09 pts | ₹60.6 Cr | up ₹1.7 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.30% | up 0.04 pts | ₹60.5 Cr | up ₹26 L | Held |
| Marico Limited | 2.12% | up 0.11 pts | ₹55.7 Cr | up ₹2.2 Cr | Added |
| Cash, TREPS & receivables | 2.11% | up 0.45 pts | ₹55.7 Cr | up ₹11.2 Cr | Added |
| Oil & Natural Gas Corporation Limited | 2.02% | up 0.09 pts | ₹53.1 Cr | up ₹1.7 Cr | Added |
| Tata Steel Limited | 1.91% | up 0.04 pts | ₹50.4 Cr | up ₹43 L | Added |
| Ratnamani Metals & Tubes Limited | 1.91% | up 0.44 pts | ₹50.4 Cr | up ₹11.2 Cr | Added |
| Vedanta Aluminium Metal Limited | 1.90% | up 0.40 pts | ₹50 Cr | up ₹10 Cr | Added |
| Apollo Hospitals Enterprise Limited | 1.87% | up 0.08 pts | ₹49.2 Cr | up ₹1.5 Cr | Added |
| The Ramco Cements Limited | 1.78% | up <0.01 pts | ₹46.8 Cr | down ₹60 L | Trimmed |
| Dr. Lal Path Labs Limited | 1.70% | up 0.25 pts | ₹44.7 Cr | up ₹6.1 Cr | Added |
| GlaxoSmithKline Pharmaceuticals Limited | 1.69% | up 0.15 pts | ₹44.6 Cr | up ₹3.4 Cr | Added |
| Sedemac Mechatronics Limited | 1.68% | down 0.11 pts | ₹44.2 Cr | down ₹3.5 Cr | Trimmed |
| Nuvoco Vistas Corporation Ltd. | 1.65% | up 0.39 pts | ₹43.6 Cr | up ₹9.8 Cr | Added |
| Varun Beverages Limited | 1.65% | down 0.22 pts | ₹43.4 Cr | down ₹6.4 Cr | Trimmed |
| Bajaj Finserv Limited | 1.62% | up 0.22 pts | ₹42.6 Cr | up ₹5.2 Cr | Added |
| One 97 Communications Limited | 1.61% | up 0.26 pts | ₹42.3 Cr | up ₹6.3 Cr | Added |
| Adani Ports and Special Economic Zone Limited | 1.60% | down 0.09 pts | ₹42.1 Cr | down ₹2.8 Cr | Trimmed |
| Acme Solar Holdings Ltd | 1.46% | down 0.05 pts | ₹38.4 Cr | down ₹1.9 Cr | Trimmed |
| Bharat Forge Limited | 1.44% | up 0.15 pts | ₹37.8 Cr | up ₹3.5 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.41% | down 0.08 pts | ₹37.1 Cr | down ₹2.7 Cr | Trimmed |
| Bank of Baroda | 1.36% | down 0.45 pts | ₹35.8 Cr | down ₹12.6 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.34% | down 0.05 pts | ₹35.2 Cr | down ₹1.8 Cr | Trimmed |
| DCB Bank Limited | 1.17% | up 0.02 pts | ₹30.9 Cr | up ₹15 L | Held |
| 360 One WAM Limited | 1.16% | up 0.08 pts | ₹30.5 Cr | up ₹1.6 Cr | Added |
| Five Star Business Finance Limited | 1.14% | up 0.10 pts | ₹29.9 Cr | up ₹2.3 Cr | Added |
| Graphite India Limited | 1.12% | up 0.09 pts | ₹29.5 Cr | up ₹1.9 Cr | Added |
| Bayer Cropscience Limited | 1.09% | up 0.04 pts | ₹28.8 Cr | up ₹60 L | Added |
| Gravita India Limited | 1.09% | up <0.01 pts | ₹28.7 Cr | down ₹24 L | Trimmed |
| Emmvee Photovoltaic Power Limited | 1.09% | down 0.34 pts | ₹28.6 Cr | down ₹9.3 Cr | Trimmed |
| Lohia Corp Ltd. | 1.05% | up 1.05 pts | ₹27.7 Cr | up ₹27.7 Cr | New |
| Dixon Technologies (India) Limited | 1.04% | down 0.05 pts | ₹27.4 Cr | down ₹1.8 Cr | Trimmed |
| Shree Cement Limited | 1.03% | up 0.04 pts | ₹27.2 Cr | up ₹84 L | Added |
| NHPC Limited | 1.02% | down 0.02 pts | ₹26.8 Cr | down ₹88 L | Trimmed |
| Dabur India Limited | 1.00% | up 0.01 pts | ₹26.3 Cr | down ₹5 L | Held |
| Hindustan Unilever Limited | 1.00% | up <0.01 pts | ₹26.3 Cr | down ₹21 L | Trimmed |
| Adani Power Limited | 0.91% | down 0.79 pts | ₹24 Cr | down ₹21.4 Cr | Trimmed |
What changed, Jun 2026 to Jul 2026
New New positions (1)
- Lohia Corp Ltd.1.1% · ₹27.7 Cr
Exited Exited (3)
- Kotak Mahindra Bank Limitedwas 2.0% · ₹53.5 Cr
- KEC International Limitedwas 1.3% · ₹33.7 Cr
- Hexaware Technologies Limitedwas 0.4% · ₹11.3 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹12.8 Cr (+0.53% pts)
- Ratnamani Metals & Tubes Limitedup ₹11.2 Cr (+0.44% pts)
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 Jun 2026, the weight rose most in Industrial Manufacturing (+1.1 pts) and Industrial Products (+0.7 pts), and fell most in Banks (−2.2 pts) and Construction (−1.6 pts).
- Industrial Manufacturing0.2% → 1.3%+1.1 pts
- Industrial Products6.5% → 7.2%+0.7 pts
- Healthcare Services7.6% → 8.3%+0.7 pts
- Cement & Cement Products6.6% → 7.2%+0.6 pts
- Finance8.6% → 9.1%+0.5 pts
- Non - Ferrous Metals1.5% → 1.9%+0.4 pts
- Banks12.2% → 10.0%−2.2 pts
- Construction4.5% → 2.9%−1.6 pts
- Power6.8% → 6.2%−0.6 pts
- IT - Software0.4% → 0.0%exited−0.4 pts
- Electrical Equipment2.3% → 2.0%−0.3 pts
- Beverages1.9% → 1.7%−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 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|
| Banks | 14.1% | 13.4% | 12.2% | 10.0% |
| Finance | 9.6% | 8.3% | 8.6% | 9.1% |
| Healthcare Services | 6.9% | 7.7% | 7.6% | 8.3% |
| Cement & Cement Products | 8.9% | 6.9% | 6.6% | 7.2% |
| Industrial Products | 2.7% | 3.8% | 6.5% | 7.2% |
| Power | 2.8% | 6.6% | 6.8% | 6.2% |
| Ferrous Metals | 5.5% | 6.6% | 5.3% | 5.5% |
| Insurance | 5.4% | 5.2% | 5.2% | 5.2% |
| Petroleum Products | 6.6% | 5.5% | 4.8% | 5.0% |
| Financial Technology (fintech) | 2.3% | 3.8% | 4.1% | 4.3% |
Allocation in Jul 2026change vs Jun 2026
- Banks (4)
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, Jul 2026
2.1%
▲ 0.4 pts vs Jun 2026
- Cash alone
- 2.1%
- 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.