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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹439.86 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.5%

Diversified

Top 10 Weight

37.7%

Diversified

Changes

2 new · 2 exits

Top Sector

Banks

15.3% of portfolio

📋 What Happened This Month Bank of India Business Cycle Fund made 2 new additions and exited 2 stocks this month. The biggest new buy was UltraTech Cement Limited (Cement & Cement Products) at 0.97% weight. Ambuja Cements Limited was the biggest exit (Cement & Cement Products), which was held at 2.01%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 5.08% of the portfolio. Vedanta Limited was trimmed the most, now at 0.52%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 15.3%. ↓ 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

+2.75%

+6.24%

+10.09%

+2.86%

Latest NAV

₹9.71

15 Jul 2026

52W High

₹9.71

At High

52W Low

₹7.83

+24% 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

-1.1%

+ve in 48% 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 ₹9.71 15 Jul 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: ₹9.71

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	13.5%	13.1%	▼ -0.3%
Consumer Durables	11.3%	11.0%	▼ -0.4%
Power	10.8%	10.3%	▼ -0.5%
Electrical Equipment	8.9%	7.9%	▼ -1.0%
Capital Markets	5.6%	6.6%	▲ +0.9%
Pharmaceuticals & Biotechnology	4.0%	4.1%	● +0.1%
Industrial Products	3.9%	3.9%	● -0.1%
Telecom - Services	3.8%	3.8%	● 0.0%
Healthcare Services	2.3%	3.2%	▲ +0.9%
Auto Components	2.5%	2.8%	▲ +0.3%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	13.1%	15.3%	▲ +2.2%
Consumer Durables	11.0%	11.0%	● 0.0%
Power	10.3%	9.4%	▼ -0.9%
Electrical Equipment	7.9%	7.9%	● 0.0%
Capital Markets	6.6%	6.9%	▲ +0.3%
Industrial Products	3.9%	4.2%	▲ +0.3%
Pharmaceuticals & Biotechnology	4.1%	4.2%	▲ +0.1%
Telecom - Services	3.8%	3.8%	● 0.0%
Healthcare Services	3.2%	3.4%	▲ +0.2%
Auto Components	2.8%	2.9%	▲ +0.1%

🟢

Biggest New Buy

UltraTech Cement Limited

0.97% weight · Cement & Cement Products

🔴

Biggest Exit

Ambuja Cements Limited

2.01% was held · Cement & Cement Products

↑

Biggest Add

ICICI Bank Limited

+0.85% · now 5.08%

↓

Biggest Trim

Vedanta Limited

-1.33% · now 0.52%

🤝 Other funds also bought this month

UltraTech Cement Limited 23 funds

CMR Green Technologies Limited 12 funds

👋 Other funds also exited

Malco Energy Limited 167 funds

Ambuja Cements Limited 23 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 2 New Entries 🔴 2 Exits ↑ 24 Increased ↓ 27 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	UltraTech Cement Limited ₹4.50 Cr	Cement & Cement Products	0.97%
2	CMR Green Technologies Limited ₹3.87 Cr	Industrial Products	0.84%

#	Stock	Sector	Last Weight (May 2026)
1	Ambuja Cements Limited ₹9.18 Cr	Cement & Cement Products	2.01%
2	Malco Energy Limited ₹1.94 Cr	Power	0.42%

#	Stock	Sector	May 2026	Jun 2026	Change
1	ICICI Bank Limited ₹23.52 Cr	Banks	4.23%	5.08%	+0.85%
2	HDFC Bank Limited ₹21.23 Cr	Banks	3.91%	4.58%	+0.67%
3	State Bank of India ₹21.98 Cr	Banks	4.11%	4.75%	+0.64%
4	Aequs Limited ₹9.46 Cr	Aerospace & Defense	1.69%	2.04%	+0.35%
5	Quality Power Electrical Eqp Ltd ₹12.97 Cr	Electrical Equipment	2.46%	2.80%	+0.34%
6	Tinna Rubber And Infrastructure Ltd. ₹8.67 Cr	Industrial Products	1.55%	1.87%	+0.32%
7	K.P.R. Mill Limited ₹7.18 Cr	Textiles & Apparels	1.29%	1.55%	+0.26%
8	Gufic Biosciences Ltd. ₹5.96 Cr	Pharmaceuticals & Biotechnology	1.07%	1.29%	+0.22%
9	Tata Motors Ltd ₹9.94 Cr	Agricultural, Commercial & Construction Vehicles	1.95%	2.15%	+0.20%
10	Nuvama Wealth Management Limited ₹5.96 Cr	Capital Markets	1.12%	1.29%	+0.17%
11	Apollo Hospitals Enterprise Limited ₹15.63 Cr	Healthcare Services	3.22%	3.37%	+0.15%
12	Talwandi Sabo Power Limited ₹96.67 L	Power	0.06%	0.21%	+0.15%
13	Prudent Corporate Advisory Services Limited ₹6.03 Cr	Capital Markets	1.20%	1.30%	+0.10%
14	S.J.S. Enterprises Limited ₹11.02 Cr	Auto Components	2.29%	2.38%	+0.09%
15	Vedanta Iron And Steel Limited ₹84.62 L	Metals & Minerals Trading	0.09%	0.18%	+0.09%
16	Nippon Life India Asset Management Limited ₹7.90 Cr	Capital Markets	1.64%	1.71%	+0.07%
17	Shakti Pumps (India) Ltd ₹2.92 Cr	Industrial Products	0.57%	0.63%	+0.06%
18	Eternal Limited ₹6.22 Cr	Retailing	1.29%	1.34%	+0.05%
19	SKY GOLD AND DIAMONDS LIMITED ₹15.12 Cr	Consumer Durables	3.23%	3.27%	+0.04%
20	LG Electronics India Ltd ₹11.95 Cr	Consumer Durables	2.56%	2.58%	+0.02%
21	ETHOS LIMITED ₹4.83 Cr	Consumer Durables	1.03%	1.04%	+0.01%
22	Kotak Mahindra Bank Limited ₹4.12 Cr	Banks	0.88%	0.89%	+0.01%
23	Dixon Technologies (India) Limited ₹3.81 Cr	Consumer Durables	0.81%	0.82%	+0.01%
24	MRF Limited ₹2.56 Cr	Auto Components	0.54%	0.55%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Vedanta Limited ₹2.39 Cr	Diversified Metals	1.85%	0.52%	-1.33%
2	Vidya Wires Ltd. ₹3.76 Cr	Industrial Products	1.73%	0.81%	-0.92%
3	Vedanta Aluminium Metal Limited ₹6.28 Cr	Metals & Minerals Trading	1.97%	1.36%	-0.61%
4	JSW Steel Limited ₹2.58 Cr	Ferrous Metals	1.15%	0.56%	-0.59%
5	NTPC Limited ₹20.12 Cr	Power	4.77%	4.34%	-0.43%
6	Unicommerce Esolutions Limited ₹66.31 L	IT - Software	0.33%	0.14%	-0.19%
7	Oil India Limited ₹4.13 Cr	Oil	1.03%	0.89%	-0.14%
8	TD Power Systems Limited ₹7.63 Cr	Electrical Equipment	1.78%	1.65%	-0.13%
9	Siemens Limited ₹7.20 Cr	Electrical Equipment	1.68%	1.55%	-0.13%
10	Glenmark Pharmaceuticals Limited ₹13.23 Cr	Pharmaceuticals & Biotechnology	2.98%	2.86%	-0.12%
11	Siemens Energy India Limited ₹8.66 Cr	Electrical Equipment	1.99%	1.87%	-0.12%
12	Tata Power Company Limited ₹5.40 Cr	Power	1.29%	1.17%	-0.12%
13	PB Fintech Limited ₹8.31 Cr	Financial Technology (Fintech)	1.90%	1.79%	-0.11%
14	Bajaj Auto Limited ₹4.66 Cr	Automobiles	1.10%	1.01%	-0.09%
15	Power Grid Corporation of India Limited ₹13.54 Cr	Power	3.00%	2.92%	-0.08%
16	Reliance Industries Limited ₹10.87 Cr	Petroleum Products	2.43%	2.35%	-0.08%
17	Century Plyboards (India) Limited ₹6.76 Cr	Consumer Durables	1.53%	1.46%	-0.07%
18	Britannia Industries Limited ₹11.32 Cr	Food Products	2.50%	2.45%	-0.05%
19	Asian Paints Limited ₹8.28 Cr	Consumer Durables	1.83%	1.79%	-0.04%
20	Ganesha Ecosphere Limited ₹5.33 Cr	Textiles & Apparels	1.19%	1.15%	-0.04%
21	Vishal Mega Mart Limited ₹4.25 Cr	Retailing	0.96%	0.92%	-0.04%
22	Zaggle Prepaid Ocean Services Ltd. ₹5.06 Cr	IT - Services	1.12%	1.09%	-0.03%
23	ITC Limited ₹7.17 Cr	Diversified FMCG	1.57%	1.55%	-0.02%
24	Torrent Power Limited ₹3.54 Cr	Power	0.78%	0.76%	-0.02%
25	SBI Life Insurance Company Limited ₹2.12 Cr	Insurance	0.48%	0.46%	-0.02%
26	Computer Age Management Services Limited ₹11.95 Cr	Capital Markets	2.59%	2.58%	-0.01%
27	Mahindra & Mahindra Limited ₹7.37 Cr	Automobiles	1.60%	1.59%	-0.01%

What Stocks Does This Fund Hold?

56 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹23.52 Cr	Banks	5.08%
2	State Bank of India ₹21.98 Cr	Banks	4.75%
3	HDFC Bank Limited ₹21.23 Cr	Banks	4.58%
4	NTPC Limited ₹20.12 Cr	Power	4.34%
5	Bharti Airtel Limited ₹17.41 Cr	Telecom - Services	3.76%
6	Apollo Hospitals Enterprise Limited ₹15.63 Cr	Healthcare Services	3.37%
7	SKY GOLD AND DIAMONDS LIMITED ₹15.12 Cr	Consumer Durables	3.27%
8	Power Grid Corporation of India Limited ₹13.54 Cr	Power	2.92%
9	Glenmark Pharmaceuticals Limited ₹13.23 Cr	Pharmaceuticals & Biotechnology	2.86%
10	Quality Power Electrical Eqp Ltd ₹12.97 Cr	Electrical Equipment	2.80%
11	Computer Age Management Services Limited ₹11.95 Cr	Capital Markets	2.58%
12	LG Electronics India Ltd ₹11.95 Cr	Consumer Durables	2.58%
13	Britannia Industries Limited ₹11.32 Cr	Food Products	2.45%
14	S.J.S. Enterprises Limited ₹11.02 Cr	Auto Components	2.38%
15	Reliance Industries Limited ₹10.87 Cr	Petroleum Products	2.35%
16	Tata Motors Ltd ₹9.94 Cr	Agricultural, Commercial & Construction Vehicles	2.15%
17	Aequs Limited ₹9.46 Cr	Aerospace & Defense	2.04%
18	Tinna Rubber And Infrastructure Ltd. ₹8.67 Cr	Industrial Products	1.87%
19	Siemens Energy India Limited ₹8.66 Cr	Electrical Equipment	1.87%
20	PB Fintech Limited ₹8.31 Cr	Financial Technology (Fintech)	1.79%
21	Asian Paints Limited ₹8.28 Cr	Consumer Durables	1.79%
22	Nippon Life India Asset Management Limited ₹7.90 Cr	Capital Markets	1.71%
23	TD Power Systems Limited ₹7.63 Cr	Electrical Equipment	1.65%
24	Mahindra & Mahindra Limited ₹7.37 Cr	Automobiles	1.59%
25	Siemens Limited ₹7.20 Cr	Electrical Equipment	1.55%
26	K.P.R. Mill Limited ₹7.18 Cr	Textiles & Apparels	1.55%
27	ITC Limited ₹7.17 Cr	Diversified FMCG	1.55%
28	Century Plyboards (India) Limited ₹6.76 Cr	Consumer Durables	1.46%
29	Vedanta Aluminium Metal Limited ₹6.28 Cr	Metals & Minerals Trading	1.36%
30	Eternal Limited ₹6.22 Cr	Retailing	1.34%
31	Prudent Corporate Advisory Services Limited ₹6.03 Cr	Capital Markets	1.30%
32	Nuvama Wealth Management Limited ₹5.96 Cr	Capital Markets	1.29%
33	Gufic Biosciences Ltd. ₹5.96 Cr	Pharmaceuticals & Biotechnology	1.29%
34	Tata Power Company Limited ₹5.40 Cr	Power	1.17%
35	Ganesha Ecosphere Limited ₹5.33 Cr	Textiles & Apparels	1.15%
36	Zaggle Prepaid Ocean Services Ltd. ₹5.06 Cr	IT - Services	1.09%
37	ETHOS LIMITED ₹4.83 Cr	Consumer Durables	1.04%
38	Bajaj Auto Limited ₹4.66 Cr	Automobiles	1.01%
39	UltraTech Cement Limited ₹4.50 Cr	Cement & Cement Products	0.97%
40	Vishal Mega Mart Limited ₹4.25 Cr	Retailing	0.92%
41	Oil India Limited ₹4.13 Cr	Oil	0.89%
42	Kotak Mahindra Bank Limited ₹4.12 Cr	Banks	0.89%
43	CMR Green Technologies Limited ₹3.87 Cr	Industrial Products	0.84%
44	Dixon Technologies (India) Limited ₹3.81 Cr	Consumer Durables	0.82%
45	Vidya Wires Ltd. ₹3.76 Cr	Industrial Products	0.81%
46	Torrent Power Limited ₹3.54 Cr	Power	0.76%
47	Shakti Pumps (India) Ltd ₹2.92 Cr	Industrial Products	0.63%
48	JSW Steel Limited ₹2.58 Cr	Ferrous Metals	0.56%
49	MRF Limited ₹2.56 Cr	Auto Components	0.55%
50	Vedanta Limited ₹2.39 Cr	Diversified Metals	0.52%
51	SBI Life Insurance Company Limited ₹2.12 Cr	Insurance	0.46%
52	Talwandi Sabo Power Limited ₹96.67 L	Power	0.21%
53	Vedanta Iron And Steel Limited ₹84.62 L	Metals & Minerals Trading	0.18%
54	Unicommerce Esolutions Limited ₹66.31 L	IT - Software	0.14%
55	V2 Retail Ltd ₹45.36 L	Healthcare	0.10%
56	Arvind Fashions Limited ₹30.80 L	Retailing	0.07%