What stocks does DSP Business Cycle Fund hold?

DSP Business Cycle Fund holds a portfolio of Indian equity stocks disclosed monthly by DSP 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 DSP Business Cycle Fund?

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

What category is DSP Business Cycle Fund?

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

How often is DSP Business Cycle Fund portfolio data updated?

Portfolio holdings for DSP 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.

← DSP Mutual Fund

DSP Business Cycle Fund - Direct - Growth

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

Share: WhatsApp X

⌕

Stocks Held

Aug 2026

Equity Holdings

₹1,223.79 Cr

Equity only, excl. debt & cash

AAUM

₹1,159.26 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

32.5%

Moderate

Top 10 Weight

47.4%

Moderate

Changes

6 new · 0 exits

Top Sector

Banks

25.1% of portfolio

Launch Date

27 Nov 2024

2 years old

AAUM (Average Assets Under Management) of ₹1,159.26 Cr for Apr-Jun 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 DSP Business Cycle Fund added 6 new stocks to its portfolio this month. The biggest new buy was Life Insurance Corporation Of India (Insurance) at 1.01% weight. Among existing holdings, Multi Commodity Exchange of India Limited saw the biggest increase — now at 0.98% of the portfolio. HDFC Bank Limited was trimmed the most, now at 8.49%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 25.1%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · DSP Business Cycle Fund - Direct - Growth

-3.65%

-1.94%

+3.82%

+1.55%

Latest NAV

₹10.34

11 Sep 2026

52W High

₹10.87

-5% from High

52W Low

₹8.94

+16% from Low

Calendar Year Returns

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

2025

+4.3%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

7.9%

+ve in 100% windows

19.1% / 2.1%

Crisis Period Behaviour

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

2024–25 Tariff

-14.8%

Rec: Jun 2025 (6 mo)

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 ₹10.34 11 Sep 2026

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

DSP Business Cycle Fund - Direct - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹10.34

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	26.1%	25.5%	▼ -0.6%
Automobiles	10.9%	10.9%	● -0.1%
Petroleum Products	4.4%	5.0%	▲ +0.6%
Telecom - Services	2.9%	5.0%	▲ +2.1%
Consumer Durables	4.3%	4.3%	● +0.0%
Construction	4.0%	4.3%	▲ +0.3%
Cement & Cement Products	4.3%	4.3%	● -0.1%
Power	2.5%	4.2%	▲ +1.7%
Insurance	4.0%	4.0%	● +0.0%
Realty	2.8%	2.7%	▼ -0.1%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	25.5%	25.1%	▼ -0.4%
Automobiles	10.9%	10.1%	▼ -0.7%
Insurance	4.0%	5.2%	▲ +1.2%
Telecom - Services	5.0%	5.1%	● +0.1%
Petroleum Products	5.0%	4.9%	● -0.1%
Consumer Durables	4.3%	4.2%	● -0.1%
Construction	4.3%	4.2%	● -0.1%
Cement & Cement Products	4.3%	3.8%	▼ -0.4%
Power	4.2%	3.8%	▼ -0.4%
Realty	2.7%	2.7%	● 0.0%

🟢

Biggest New Buy

Life Insurance Corporation Of India

1.01% weight · Insurance

↑

Biggest Add

Multi Commodity Exchange of India Limited

+0.16% · now 0.98%

↓

Biggest Trim

HDFC Bank Limited

-0.54% · now 8.49%

🤝 Other funds also bought this month

Life Insurance Corporation Of India 87 funds

HDFC Asset Management Company Limited 18 funds

Canara HSBC Life Insurance Co Ltd 13 funds

Chalet Hotels Limited 8 funds

Birla Corporation Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 6 New Entries ↑ 8 Increased ↓ 35 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Life Insurance Corporation Of India ₹14.91 Cr	Insurance	1.01%
2	HDFC Asset Management Company Limited ₹7.15 Cr	Capital Markets	0.49%
3	Canara HSBC Life Insurance Co Ltd ₹6.37 Cr	Insurance	0.43%
4	La Opala RG Limited ₹3.75 Cr	Consumer Durables	0.26%
5	Chalet Hotels Limited ₹3.37 Cr	Leisure Services	0.23%
6	Birla Corporation Limited ₹40.59 L	Cement & Cement Products	0.03%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Multi Commodity Exchange of India Limited ₹14.44 Cr	Capital Markets	0.82%	0.98%	+0.16%
2	Bharat Petroleum Corporation Limited ₹12.82 Cr	Petroleum Products	0.74%	0.87%	+0.13%
3	Bharti Airtel Limited ₹67.54 Cr	Telecom - Services	4.49%	4.60%	+0.11%
4	State Bank of India ₹12.28 Cr	Banks	0.75%	0.84%	+0.09%
5	Hindustan Petroleum Corporation Limited ₹10.46 Cr	Petroleum Products	0.63%	0.71%	+0.08%
6	Axis Bank Limited ₹84.72 Cr	Banks	5.72%	5.77%	+0.05%
7	Info Edge (India) Limited ₹16.97 Cr	Retailing	1.13%	1.16%	+0.03%
8	ICICI Bank Limited ₹138.73 Cr	Banks	9.42%	9.44%	+0.02%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	HDFC Bank Limited ₹124.79 Cr	Banks	9.03%	8.49%	-0.54%
2	NTPC Limited ₹40.56 Cr	Power	3.07%	2.76%	-0.31%
3	Mahindra & Mahindra Limited ₹49.43 Cr	Automobiles	3.66%	3.36%	-0.30%
4	Reliance Industries Limited ₹49.43 Cr	Petroleum Products	3.62%	3.36%	-0.26%
5	Maruti Suzuki India Limited ₹36.88 Cr	Automobiles	2.77%	2.51%	-0.26%
6	UltraTech Cement Limited ₹39.84 Cr	Cement & Cement Products	2.96%	2.71%	-0.25%
7	Sudarshan Chemical Industries Limited ₹7.20 Cr	Chemicals & Petrochemicals	0.73%	0.49%	-0.24%
8	Voltas Limited ₹19.48 Cr	Consumer Durables	1.55%	1.33%	-0.22%
9	Shree Cement Limited ₹16.18 Cr	Cement & Cement Products	1.30%	1.10%	-0.20%
10	Hindustan Aeronautics Limited ₹6.76 Cr	Aerospace & Defense	0.61%	0.46%	-0.15%
11	United Breweries Limited ₹12.85 Cr	Beverages	1.00%	0.87%	-0.13%
12	Asian Paints Limited ₹38.67 Cr	Consumer Durables	2.75%	2.63%	-0.12%
13	SBI Life Insurance Company Limited ₹11.65 Cr	Insurance	0.90%	0.79%	-0.11%
14	HDFC Life Insurance Company Limited ₹24.78 Cr	Insurance	1.79%	1.69%	-0.10%
15	Larsen & Toubro Limited ₹61.67 Cr	Construction	4.29%	4.20%	-0.09%
16	Schaeffler India Limited ₹18.87 Cr	Auto Components	1.37%	1.28%	-0.09%
17	Bayer Cropscience Limited ₹10.65 Cr	Fertilizers & Agrochemicals	0.81%	0.72%	-0.09%
18	Siemens Limited ₹6.88 Cr	Electrical Equipment	0.56%	0.47%	-0.09%
19	Hero MotoCorp Limited ₹33.34 Cr	Automobiles	2.35%	2.27%	-0.08%
20	Power Grid Corporation of India Limited ₹15.53 Cr	Power	1.14%	1.06%	-0.08%
21	Oil & Natural Gas Corporation Limited ₹12.59 Cr	Oil	0.94%	0.86%	-0.08%
22	Hyundai Motor India Ltd ₹23.27 Cr	Automobiles	1.64%	1.58%	-0.06%
23	Nippon Life India Asset Management Limited ₹12.96 Cr	Capital Markets	0.92%	0.88%	-0.04%
24	Trent Limited ₹5.95 Cr	Retailing	0.44%	0.40%	-0.04%
25	InterGlobe Aviation Limited ₹14.36 Cr	Transport Services	1.01%	0.98%	-0.03%
26	Bank of Baroda ₹8.03 Cr	Banks	0.58%	0.55%	-0.03%
27	ICICI Prudential Life Insurance Company Limited ₹7.97 Cr	Insurance	0.57%	0.54%	-0.03%
28	Apollo Tyres Limited ₹12.52 Cr	Auto Components	0.87%	0.85%	-0.02%
29	Indus Towers Limited ₹6.61 Cr	Telecom - Services	0.47%	0.45%	-0.02%
30	TVS Motor Company Limited ₹6.06 Cr	Automobiles	0.43%	0.41%	-0.02%
31	Atul Limited ₹3.52 Cr	Chemicals & Petrochemicals	0.26%	0.24%	-0.02%
32	Page Industries Limited ₹17.30 Cr	Textiles & Apparels	1.19%	1.18%	-0.01%
33	Carborundum Universal Limited ₹11.09 Cr	Industrial Products	0.76%	0.75%	-0.01%
34	Timken India Limited ₹4.08 Cr	Industrial Products	0.29%	0.28%	-0.01%
35	Siemens Energy India Limited ₹3.12 Cr	Electrical Equipment	0.22%	0.21%	-0.01%

What Stocks Does This Fund Hold?

52 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹138.73 Cr	Banks	9.44%
2	HDFC Bank Limited ₹124.79 Cr	Banks	8.49%
3	Axis Bank Limited ₹84.72 Cr	Banks	5.77%
4	Bharti Airtel Limited ₹67.54 Cr	Telecom - Services	4.60%
5	Larsen & Toubro Limited ₹61.67 Cr	Construction	4.20%
6	Mahindra & Mahindra Limited ₹49.43 Cr	Automobiles	3.36%
7	Reliance Industries Limited ₹49.43 Cr	Petroleum Products	3.36%
8	NTPC Limited ₹40.56 Cr	Power	2.76%
9	UltraTech Cement Limited ₹39.84 Cr	Cement & Cement Products	2.71%
10	DLF Limited ₹39.48 Cr	Realty	2.69%
11	Asian Paints Limited ₹38.67 Cr	Consumer Durables	2.63%
12	Maruti Suzuki India Limited ₹36.88 Cr	Automobiles	2.51%
13	Hero MotoCorp Limited ₹33.34 Cr	Automobiles	2.27%
14	HDFC Life Insurance Company Limited ₹24.78 Cr	Insurance	1.69%
15	Hyundai Motor India Ltd ₹23.27 Cr	Automobiles	1.58%
16	Voltas Limited ₹19.48 Cr	Consumer Durables	1.33%
17	Schaeffler India Limited ₹18.87 Cr	Auto Components	1.28%
18	Page Industries Limited ₹17.30 Cr	Textiles & Apparels	1.18%
19	Info Edge (India) Limited ₹16.97 Cr	Retailing	1.16%
20	Shree Cement Limited ₹16.18 Cr	Cement & Cement Products	1.10%
21	Power Grid Corporation of India Limited ₹15.53 Cr	Power	1.06%
22	Life Insurance Corporation Of India ₹14.91 Cr	Insurance	1.01%
23	Multi Commodity Exchange of India Limited ₹14.44 Cr	Capital Markets	0.98%
24	InterGlobe Aviation Limited ₹14.36 Cr	Transport Services	0.98%
25	Nippon Life India Asset Management Limited ₹12.96 Cr	Capital Markets	0.88%
26	Bharat Petroleum Corporation Limited ₹12.82 Cr	Petroleum Products	0.87%
27	United Breweries Limited ₹12.85 Cr	Beverages	0.87%
28	Oil & Natural Gas Corporation Limited ₹12.59 Cr	Oil	0.86%
29	Apollo Tyres Limited ₹12.52 Cr	Auto Components	0.85%
30	State Bank of India ₹12.28 Cr	Banks	0.84%
31	SBI Life Insurance Company Limited ₹11.65 Cr	Insurance	0.79%
32	Max Financial Services Limited ₹11.40 Cr	Insurance	0.78%
33	Carborundum Universal Limited ₹11.09 Cr	Industrial Products	0.75%
34	Bayer Cropscience Limited ₹10.65 Cr	Fertilizers & Agrochemicals	0.72%
35	Hindustan Petroleum Corporation Limited ₹10.46 Cr	Petroleum Products	0.71%
36	Bank of Baroda ₹8.03 Cr	Banks	0.55%
37	ICICI Prudential Life Insurance Company Limited ₹7.97 Cr	Insurance	0.54%
38	Sudarshan Chemical Industries Limited ₹7.20 Cr	Chemicals & Petrochemicals	0.49%
39	HDFC Asset Management Company Limited ₹7.15 Cr	Capital Markets	0.49%
40	Siemens Limited ₹6.88 Cr	Electrical Equipment	0.47%
41	Hindustan Aeronautics Limited ₹6.76 Cr	Aerospace & Defense	0.46%
42	Indus Towers Limited ₹6.61 Cr	Telecom - Services	0.45%
43	Canara HSBC Life Insurance Co Ltd ₹6.37 Cr	Insurance	0.43%
44	TVS Motor Company Limited ₹6.06 Cr	Automobiles	0.41%
45	Trent Limited ₹5.95 Cr	Retailing	0.40%
46	Timken India Limited ₹4.08 Cr	Industrial Products	0.28%
47	Aditya Birla Sun Life AMC Limited ₹4.14 Cr	Capital Markets	0.28%
48	La Opala RG Limited ₹3.75 Cr	Consumer Durables	0.26%
49	Atul Limited ₹3.52 Cr	Chemicals & Petrochemicals	0.24%
50	Chalet Hotels Limited ₹3.37 Cr	Leisure Services	0.23%
51	Siemens Energy India Limited ₹3.12 Cr	Electrical Equipment	0.21%
52	Birla Corporation Limited ₹40.59 L	Cement & Cement Products	0.03%