What stocks does Bank of India Business Cycle Fund hold?

Bank of India Business Cycle Fund holds a portfolio of Indian equity stocks disclosed monthly by Bank of India Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Bank of India Business Cycle Fund?

Bank of India Business Cycle Fund is managed by Bank of India Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Bank of India Business Cycle Fund?

Bank of India Business Cycle Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Bank of India Business Cycle Fund portfolio data updated?

Portfolio holdings for Bank of India Business Cycle Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Bank of India Mutual Fund

Bank of India Business Cycle Fund - Direct Plan - Growth

Equity Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹414.14 Cr

Equity only, excl. debt & cash

AAUM

₹456.88 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

21.8%

Diversified

Top 10 Weight

36.4%

Diversified

Changes

3 new · 5 exits

Top Sector

Banks

12.8% of portfolio

Launch Date

09 Aug 2024

2 years old

AAUM (Average Assets Under Management) of ₹456.88 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Bank of India Business Cycle Fund made 3 new additions and exited 5 stocks this month. The biggest new buy was Kanohar Electricals Limited (Electrical Equipment) at 1.86% weight. Nuvama Wealth Management Limited was the biggest exit (Capital Markets), which was held at 1.25%. Among existing holdings, Aequs Limited saw the biggest increase — now at 2.58% of the portfolio. PB Fintech Limited was trimmed the most, now at 1.24%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 12.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Bank of India Business Cycle Fund - Direct Plan - Growth

-6.80%

-5.26%

-2.24%

-3.37%

Latest NAV

₹9.18

23 Oct 2026

52W High

₹10.09

-9% from High

52W Low

₹8.16

+13% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

-7.4%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

0.6%

+ve in 60% windows

15.0% / -13.5%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-25.2%

Rec: not yet

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹9.18 23 Oct 2026

Simple Moving Avg: Click to draw · click again to remove

Bank of India Business Cycle Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹9.18

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Consumer Durables	11.7%	13.4%	▲ +1.7%
Banks	13.0%	13.1%	● +0.1%
Power	9.1%	8.4%	▼ -0.7%
Electrical Equipment	7.2%	6.7%	▼ -0.4%
Pharmaceuticals & Biotechnology	5.3%	5.6%	▲ +0.4%
Capital Markets	7.0%	5.5%	▼ -1.5%
Food Products	2.6%	4.2%	▲ +1.6%
Telecom - Services	4.0%	3.7%	▼ -0.3%
Healthcare Services	3.5%	3.5%	● 0.0%
Automobiles	3.3%	3.3%	● 0.0%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	13.1%	12.8%	▼ -0.3%
Consumer Durables	13.4%	11.8%	▼ -1.6%
Power	8.4%	8.8%	▲ +0.5%
Electrical Equipment	6.7%	8.0%	▲ +1.2%
Pharmaceuticals & Biotechnology	5.6%	5.6%	● 0.0%
Capital Markets	5.5%	4.9%	▼ -0.6%
Food Products	4.2%	4.0%	▼ -0.2%
Textiles & Apparels	2.9%	3.8%	▲ +1.0%
Telecom - Services	3.7%	3.8%	▲ +0.1%
Industrial Products	3.3%	3.4%	▲ +0.1%

🟢

Biggest New Buy

Kanohar Electricals Limited

1.86% weight · Electrical Equipment

🔴

Biggest Exit

Nuvama Wealth Management Limited

1.25% was held · Capital Markets

↑

Biggest Add

Aequs Limited

+0.45% · now 2.58%

↓

Biggest Trim

PB Fintech Limited

-0.82% · now 1.24%

🤝 Other funds also bought this month

National Stock Exchange of India Ltd. 115 funds

Kanohar Electricals Limited 22 funds

Filatex India Limited 4 funds

👋 Other funds also exited

ITC Limited 18 funds

MRF Limited 14 funds

Siemens Limited 11 funds

Nuvama Wealth Management Limited 9 funds

Arvind Fashions Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 3 New Entries 🔴 5 Exits ↑ 21 Increased ↓ 25 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Kanohar Electricals Limited ₹8.14 Cr	Electrical Equipment	1.86%
2	Filatex India Limited ₹4.05 Cr	Textiles & Apparels	0.93%
3	National Stock Exchange of India Ltd. ₹3.95 Cr	Capital Markets	0.90%

#	Stock	Sector	Last Weight (Aug 2026)
1	Nuvama Wealth Management Limited ₹5.79 Cr	Capital Markets	1.25%
2	ITC Limited ₹4.21 Cr	Diversified FMCG	0.91%
3	Siemens Limited ₹3.22 Cr	Electrical Equipment	0.70%
4	MRF Limited ₹2.67 Cr	Auto Components	0.58%
5	Arvind Fashions Limited ₹29.59 L	Retailing	0.06%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Aequs Limited ₹11.27 Cr	Aerospace & Defense	2.13%	2.58%	+0.45%
2	Vedanta Aluminium Metal Limited ₹5.78 Cr	Metals & Minerals Trading	0.94%	1.32%	+0.38%
3	LG Electronics India Ltd ₹13.27 Cr	Consumer Durables	2.82%	3.03%	+0.21%
4	NTPC Limited ₹18.20 Cr	Power	3.99%	4.16%	+0.17%
5	Dr. Reddy's Laboratories Limited ₹5.43 Cr	Pharmaceuticals & Biotechnology	1.10%	1.24%	+0.14%
6	HDFC Bank Limited ₹9.92 Cr	Banks	2.14%	2.27%	+0.13%
7	Power Grid Corporation of India Limited ₹12.32 Cr	Power	2.69%	2.82%	+0.13%
8	Gufic Biosciences Ltd. ₹6.33 Cr	Pharmaceuticals & Biotechnology	1.32%	1.45%	+0.13%
9	TD Power Systems Limited ₹8.28 Cr	Electrical Equipment	1.77%	1.89%	+0.12%
10	Bharti Airtel Limited ₹16.52 Cr	Telecom - Services	3.68%	3.78%	+0.10%
11	Tata Power Company Limited ₹5.03 Cr	Power	1.05%	1.15%	+0.10%
12	Sterlite Technologies Limited ₹6.64 Cr	Telecom - Equipment & Accessories	1.44%	1.52%	+0.08%
13	Eternal Limited ₹8.80 Cr	Retailing	1.95%	2.01%	+0.06%
14	Vidya Wires Ltd. ₹2.61 Cr	Industrial Products	0.54%	0.60%	+0.06%
15	Torrent Power Limited ₹3.11 Cr	Power	0.66%	0.71%	+0.05%
16	Siemens Energy India Limited ₹4.48 Cr	Electrical Equipment	0.98%	1.02%	+0.04%
17	Ganesha Ecosphere Limited ₹5.92 Cr	Textiles & Apparels	1.31%	1.35%	+0.04%
18	SBI Life Insurance Company Limited ₹2.04 Cr	Insurance	0.45%	0.47%	+0.02%
19	Tinna Rubber And Infrastructure Ltd. ₹8.66 Cr	Industrial Products	1.96%	1.98%	+0.02%
20	CMR Green Technologies Limited ₹3.47 Cr	Industrial Products	0.77%	0.79%	+0.02%
21	UltraTech Cement Limited ₹4.38 Cr	Cement & Cement Products	0.99%	1.00%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	PB Fintech Limited ₹5.43 Cr	Financial Technology (Fintech)	2.06%	1.24%	-0.82%
2	Asian Paints Limited ₹4.32 Cr	Consumer Durables	1.52%	0.99%	-0.53%
3	Dixon Technologies (India) Limited ₹3.93 Cr	Consumer Durables	1.25%	0.90%	-0.35%
4	Lalithaa Jewellery Mart Ltd ₹8.32 Cr	Consumer Durables	2.22%	1.90%	-0.32%
5	Century Plyboards (India) Limited ₹5.11 Cr	Consumer Durables	1.48%	1.17%	-0.31%
6	Glenmark Pharmaceuticals Limited ₹12.84 Cr	Pharmaceuticals & Biotechnology	3.21%	2.94%	-0.27%
7	Computer Age Management Services Limited ₹10.07 Cr	Capital Markets	2.53%	2.30%	-0.23%
8	State Bank of India ₹22.16 Cr	Banks	5.29%	5.07%	-0.22%
9	ICICI Bank Limited ₹23.66 Cr	Banks	5.62%	5.41%	-0.21%
10	SKY GOLD AND DIAMONDS LIMITED ₹11.67 Cr	Consumer Durables	2.86%	2.67%	-0.19%
11	EID Parry India Limited ₹6.86 Cr	Food Products	1.73%	1.57%	-0.16%
12	Tata Motors Ltd ₹9.91 Cr	Agricultural, Commercial & Construction Vehicles	2.39%	2.27%	-0.12%
13	Apollo Hospitals Enterprise Limited ₹14.70 Cr	Healthcare Services	3.46%	3.36%	-0.10%
14	S.J.S. Enterprises Limited ₹11.22 Cr	Auto Components	2.67%	2.57%	-0.10%
15	Quality Power Electrical Eqp Ltd ₹13.95 Cr	Electrical Equipment	3.29%	3.19%	-0.10%
16	Mahindra & Mahindra Limited ₹8.56 Cr	Automobiles	2.05%	1.96%	-0.09%
17	ETHOS LIMITED ₹5.01 Cr	Consumer Durables	1.24%	1.15%	-0.09%
18	Bajaj Auto Limited ₹5.22 Cr	Automobiles	1.26%	1.19%	-0.07%
19	Britannia Industries Limited ₹10.63 Cr	Food Products	2.49%	2.43%	-0.06%
20	Nippon Life India Asset Management Limited ₹7.28 Cr	Capital Markets	1.72%	1.66%	-0.06%
21	United Spirits Limited ₹4.74 Cr	Beverages	1.13%	1.08%	-0.05%
22	Hindustan Copper Limited ₹4.59 Cr	Non - Ferrous Metals	1.10%	1.05%	-0.05%
23	Reliance Industries Limited ₹9.97 Cr	Petroleum Products	2.32%	2.28%	-0.04%
24	Oil India Limited ₹4.44 Cr	Oil	1.03%	1.02%	-0.01%
25	K.P.R. Mill Limited ₹6.73 Cr	Textiles & Apparels	1.55%	1.54%	-0.01%

What Stocks Does This Fund Hold?

50 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹23.66 Cr	Banks	5.41%
2	State Bank of India ₹22.16 Cr	Banks	5.07%
3	NTPC Limited ₹18.20 Cr	Power	4.16%
4	Bharti Airtel Limited ₹16.52 Cr	Telecom - Services	3.78%
5	Apollo Hospitals Enterprise Limited ₹14.70 Cr	Healthcare Services	3.36%
6	Quality Power Electrical Eqp Ltd ₹13.95 Cr	Electrical Equipment	3.19%
7	LG Electronics India Ltd ₹13.27 Cr	Consumer Durables	3.03%
8	Glenmark Pharmaceuticals Limited ₹12.84 Cr	Pharmaceuticals & Biotechnology	2.94%
9	Power Grid Corporation of India Limited ₹12.32 Cr	Power	2.82%
10	SKY GOLD AND DIAMONDS LIMITED ₹11.67 Cr	Consumer Durables	2.67%
11	Aequs Limited ₹11.27 Cr	Aerospace & Defense	2.58%
12	S.J.S. Enterprises Limited ₹11.22 Cr	Auto Components	2.57%
13	Britannia Industries Limited ₹10.63 Cr	Food Products	2.43%
14	Computer Age Management Services Limited ₹10.07 Cr	Capital Markets	2.30%
15	Reliance Industries Limited ₹9.97 Cr	Petroleum Products	2.28%
16	Tata Motors Ltd ₹9.91 Cr	Agricultural, Commercial & Construction Vehicles	2.27%
17	HDFC Bank Limited ₹9.92 Cr	Banks	2.27%
18	Eternal Limited ₹8.80 Cr	Retailing	2.01%
19	Tinna Rubber And Infrastructure Ltd. ₹8.66 Cr	Industrial Products	1.98%
20	Mahindra & Mahindra Limited ₹8.56 Cr	Automobiles	1.96%
21	Lalithaa Jewellery Mart Ltd ₹8.32 Cr	Consumer Durables	1.90%
22	TD Power Systems Limited ₹8.28 Cr	Electrical Equipment	1.89%
23	Kanohar Electricals Limited ₹8.14 Cr	Electrical Equipment	1.86%
24	Nippon Life India Asset Management Limited ₹7.28 Cr	Capital Markets	1.66%
25	EID Parry India Limited ₹6.86 Cr	Food Products	1.57%
26	K.P.R. Mill Limited ₹6.73 Cr	Textiles & Apparels	1.54%
27	Sterlite Technologies Limited ₹6.64 Cr	Telecom - Equipment & Accessories	1.52%
28	Gufic Biosciences Ltd. ₹6.33 Cr	Pharmaceuticals & Biotechnology	1.45%
29	Ganesha Ecosphere Limited ₹5.92 Cr	Textiles & Apparels	1.35%
30	Vedanta Aluminium Metal Limited ₹5.78 Cr	Metals & Minerals Trading	1.32%
31	Dr. Reddy's Laboratories Limited ₹5.43 Cr	Pharmaceuticals & Biotechnology	1.24%
32	PB Fintech Limited ₹5.43 Cr	Financial Technology (Fintech)	1.24%
33	Bajaj Auto Limited ₹5.22 Cr	Automobiles	1.19%
34	Century Plyboards (India) Limited ₹5.11 Cr	Consumer Durables	1.17%
35	Tata Power Company Limited ₹5.03 Cr	Power	1.15%
36	ETHOS LIMITED ₹5.01 Cr	Consumer Durables	1.15%
37	United Spirits Limited ₹4.74 Cr	Beverages	1.08%
38	Hindustan Copper Limited ₹4.59 Cr	Non - Ferrous Metals	1.05%
39	Oil India Limited ₹4.44 Cr	Oil	1.02%
40	Siemens Energy India Limited ₹4.48 Cr	Electrical Equipment	1.02%
41	UltraTech Cement Limited ₹4.38 Cr	Cement & Cement Products	1.00%
42	Asian Paints Limited ₹4.32 Cr	Consumer Durables	0.99%
43	Zaggle Prepaid Ocean Services Ltd. ₹4.23 Cr	IT - Services	0.97%
44	Filatex India Limited ₹4.05 Cr	Textiles & Apparels	0.93%
45	National Stock Exchange of India Ltd. ₹3.95 Cr	Capital Markets	0.90%
46	Dixon Technologies (India) Limited ₹3.93 Cr	Consumer Durables	0.90%
47	CMR Green Technologies Limited ₹3.47 Cr	Industrial Products	0.79%
48	Torrent Power Limited ₹3.11 Cr	Power	0.71%
49	Vidya Wires Ltd. ₹2.61 Cr	Industrial Products	0.60%
50	SBI Life Insurance Company Limited ₹2.04 Cr	Insurance	0.47%