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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹1,218.81 Cr

Equity only, excl. debt & cash

AAUM

₹1,419.98 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

33.2%

Moderate

Top 10 Weight

47.5%

Moderate

Changes

3 new · 0 exits

Top Sector

Banks

26.2% of portfolio

Launch Date

27 Nov 2024

2 years old

AAUM (Average Assets Under Management) of ₹1,419.98 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 DSP Business Cycle Fund added 3 new stocks to its portfolio this month. The biggest new buy was Nuvoco Vistas Corporation Limited (Cement & Cement Products) at 0.28% weight. Among existing holdings, HDFC Bank Limited saw the biggest increase — now at 9.55% of the portfolio. Nippon Life India Asset Management Limited was trimmed the most, now at 0.46%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 26.2%. ↓ 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

-3.78%

-6.65%

-4.89%

-4.90%

Latest NAV

₹9.90

23 Oct 2026

52W High

₹10.87

-9% from High

52W Low

₹9.41

+5% 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

6.7%

+ve in 92% windows

19.1% / -3.6%

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 ₹9.90 23 Oct 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: ₹9.90

Sector Shift Industry allocation month-over-month

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%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	25.1%	26.2%	▲ +1.1%
Automobiles	10.1%	9.5%	▼ -0.6%
Insurance	5.2%	5.3%	● +0.1%
Telecom - Services	5.1%	4.9%	▼ -0.2%
Petroleum Products	4.9%	4.6%	▼ -0.3%
Cement & Cement Products	3.8%	4.2%	▲ +0.3%
Consumer Durables	4.2%	4.0%	▼ -0.2%
Construction	4.2%	4.0%	▼ -0.2%
Power	3.8%	3.8%	● -0.1%
Realty	2.7%	2.7%	● 0.0%

🟢

Biggest New Buy

Nuvoco Vistas Corporation Limited

0.28% weight · Cement & Cement Products

↑

Biggest Add

HDFC Bank Limited

+1.06% · now 9.55%

↓

Biggest Trim

Nippon Life India Asset Management Limited

-0.42% · now 0.46%

🤝 Other funds also bought this month

GSPL Transmission Limited 7 funds

Computer Age Management Services Limited 5 funds

Nuvoco Vistas Corporation Limited 4 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 3 New Entries ↑ 11 Increased ↓ 39 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Nuvoco Vistas Corporation Limited ₹4.17 Cr	Cement & Cement Products	0.28%
2	Computer Age Management Services Limited ₹3.53 Cr	Capital Markets	0.24%
3	GSPL Transmission Limited ₹70.84 L	Gas	0.05%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	HDFC Bank Limited ₹140.70 Cr	Banks	8.49%	9.55%	+1.06%
2	ICICI Bank Limited ₹145.09 Cr	Banks	9.44%	9.85%	+0.41%
3	Timken India Limited ₹9.79 Cr	Industrial Products	0.28%	0.66%	+0.38%
4	ICICI Prudential Life Insurance Company Limited ₹12.60 Cr	Insurance	0.54%	0.86%	+0.32%
5	InterGlobe Aviation Limited ₹16.64 Cr	Transport Services	0.98%	1.13%	+0.15%
6	Birla Corporation Limited ₹2.33 Cr	Cement & Cement Products	0.03%	0.16%	+0.13%
7	Oil & Natural Gas Corporation Limited ₹13.69 Cr	Oil	0.86%	0.93%	+0.07%
8	HDFC Asset Management Company Limited ₹7.59 Cr	Capital Markets	0.49%	0.52%	+0.03%
9	State Bank of India ₹12.50 Cr	Banks	0.84%	0.85%	+0.01%
10	Hero MotoCorp Limited ₹33.53 Cr	Automobiles	2.27%	2.28%	+0.01%
11	Page Industries Limited ₹17.58 Cr	Textiles & Apparels	1.18%	1.19%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Nippon Life India Asset Management Limited ₹6.83 Cr	Capital Markets	0.88%	0.46%	-0.42%
2	Axis Bank Limited ₹79.89 Cr	Banks	5.77%	5.42%	-0.35%
3	Info Edge (India) Limited ₹12.16 Cr	Retailing	1.16%	0.83%	-0.33%
4	Mahindra & Mahindra Limited ₹45.80 Cr	Automobiles	3.36%	3.11%	-0.25%
5	Reliance Industries Limited ₹45.95 Cr	Petroleum Products	3.36%	3.12%	-0.24%
6	Larsen & Toubro Limited ₹58.70 Cr	Construction	4.20%	3.98%	-0.22%
7	Maruti Suzuki India Limited ₹33.94 Cr	Automobiles	2.51%	2.30%	-0.21%
8	Bharti Airtel Limited ₹65.49 Cr	Telecom - Services	4.60%	4.44%	-0.16%
9	Voltas Limited ₹17.45 Cr	Consumer Durables	1.33%	1.18%	-0.15%
10	Carborundum Universal Limited ₹8.81 Cr	Industrial Products	0.75%	0.60%	-0.15%
11	Hyundai Motor India Ltd ₹21.43 Cr	Automobiles	1.58%	1.45%	-0.13%
12	Max Financial Services Limited ₹9.95 Cr	Insurance	0.78%	0.68%	-0.10%
13	United Breweries Limited ₹11.37 Cr	Beverages	0.87%	0.77%	-0.10%
14	HDFC Life Insurance Company Limited ₹23.77 Cr	Insurance	1.69%	1.61%	-0.08%
15	Siemens Limited ₹5.69 Cr	Electrical Equipment	0.47%	0.39%	-0.08%
16	Apollo Tyres Limited ₹11.55 Cr	Auto Components	0.85%	0.78%	-0.07%
17	Bharat Petroleum Corporation Limited ₹12.00 Cr	Petroleum Products	0.87%	0.81%	-0.06%
18	Bayer Cropscience Limited ₹9.73 Cr	Fertilizers & Agrochemicals	0.72%	0.66%	-0.06%
19	NTPC Limited ₹39.99 Cr	Power	2.76%	2.71%	-0.05%
20	Life Insurance Corporation Of India ₹14.10 Cr	Insurance	1.01%	0.96%	-0.05%
21	Shree Cement Limited ₹15.58 Cr	Cement & Cement Products	1.10%	1.06%	-0.04%
22	Schaeffler India Limited ₹18.31 Cr	Auto Components	1.28%	1.24%	-0.04%
23	UltraTech Cement Limited ₹39.55 Cr	Cement & Cement Products	2.71%	2.68%	-0.03%
24	Trent Limited ₹5.41 Cr	Retailing	0.40%	0.37%	-0.03%
25	Multi Commodity Exchange of India Limited ₹14.01 Cr	Capital Markets	0.98%	0.95%	-0.03%
26	Hindustan Petroleum Corporation Limited ₹10.02 Cr	Petroleum Products	0.71%	0.68%	-0.03%
27	Sudarshan Chemical Industries Limited ₹6.84 Cr	Chemicals & Petrochemicals	0.49%	0.46%	-0.03%
28	La Opala RG Limited ₹3.37 Cr	Consumer Durables	0.26%	0.23%	-0.03%
29	Power Grid Corporation of India Limited ₹15.35 Cr	Power	1.06%	1.04%	-0.02%
30	SBI Life Insurance Company Limited ₹11.35 Cr	Insurance	0.79%	0.77%	-0.02%
31	TVS Motor Company Limited ₹5.73 Cr	Automobiles	0.41%	0.39%	-0.02%
32	Indus Towers Limited ₹6.34 Cr	Telecom - Services	0.45%	0.43%	-0.02%
33	Bank of Baroda ₹7.76 Cr	Banks	0.55%	0.53%	-0.02%
34	DLF Limited ₹39.36 Cr	Realty	2.69%	2.67%	-0.02%
35	Atul Limited ₹3.26 Cr	Chemicals & Petrochemicals	0.24%	0.22%	-0.02%
36	Chalet Hotels Limited ₹3.15 Cr	Leisure Services	0.23%	0.21%	-0.02%
37	Canara HSBC Life Insurance Co Ltd ₹6.05 Cr	Insurance	0.43%	0.41%	-0.02%
38	Hindustan Aeronautics Limited ₹6.57 Cr	Aerospace & Defense	0.46%	0.45%	-0.01%
39	Aditya Birla Sun Life AMC Limited ₹3.92 Cr	Capital Markets	0.28%	0.27%	-0.01%

What Stocks Does This Fund Hold?

55 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹145.09 Cr	Banks	9.85%
2	HDFC Bank Limited ₹140.70 Cr	Banks	9.55%
3	Axis Bank Limited ₹79.89 Cr	Banks	5.42%
4	Bharti Airtel Limited ₹65.49 Cr	Telecom - Services	4.44%
5	Larsen & Toubro Limited ₹58.70 Cr	Construction	3.98%
6	Reliance Industries Limited ₹45.95 Cr	Petroleum Products	3.12%
7	Mahindra & Mahindra Limited ₹45.80 Cr	Automobiles	3.11%
8	NTPC Limited ₹39.99 Cr	Power	2.71%
9	UltraTech Cement Limited ₹39.55 Cr	Cement & Cement Products	2.68%
10	DLF Limited ₹39.36 Cr	Realty	2.67%
11	Asian Paints Limited ₹38.71 Cr	Consumer Durables	2.63%
12	Maruti Suzuki India Limited ₹33.94 Cr	Automobiles	2.30%
13	Hero MotoCorp Limited ₹33.53 Cr	Automobiles	2.28%
14	HDFC Life Insurance Company Limited ₹23.77 Cr	Insurance	1.61%
15	Hyundai Motor India Ltd ₹21.43 Cr	Automobiles	1.45%
16	Schaeffler India Limited ₹18.31 Cr	Auto Components	1.24%
17	Page Industries Limited ₹17.58 Cr	Textiles & Apparels	1.19%
18	Voltas Limited ₹17.45 Cr	Consumer Durables	1.18%
19	InterGlobe Aviation Limited ₹16.64 Cr	Transport Services	1.13%
20	Shree Cement Limited ₹15.58 Cr	Cement & Cement Products	1.06%
21	Power Grid Corporation of India Limited ₹15.35 Cr	Power	1.04%
22	Life Insurance Corporation Of India ₹14.10 Cr	Insurance	0.96%
23	Multi Commodity Exchange of India Limited ₹14.01 Cr	Capital Markets	0.95%
24	Oil & Natural Gas Corporation Limited ₹13.69 Cr	Oil	0.93%
25	ICICI Prudential Life Insurance Company Limited ₹12.60 Cr	Insurance	0.86%
26	State Bank of India ₹12.50 Cr	Banks	0.85%
27	Info Edge (India) Limited ₹12.16 Cr	Retailing	0.83%
28	Bharat Petroleum Corporation Limited ₹12.00 Cr	Petroleum Products	0.81%
29	Apollo Tyres Limited ₹11.55 Cr	Auto Components	0.78%
30	United Breweries Limited ₹11.37 Cr	Beverages	0.77%
31	SBI Life Insurance Company Limited ₹11.35 Cr	Insurance	0.77%
32	Hindustan Petroleum Corporation Limited ₹10.02 Cr	Petroleum Products	0.68%
33	Max Financial Services Limited ₹9.95 Cr	Insurance	0.68%
34	Timken India Limited ₹9.79 Cr	Industrial Products	0.66%
35	Bayer Cropscience Limited ₹9.73 Cr	Fertilizers & Agrochemicals	0.66%
36	Carborundum Universal Limited ₹8.81 Cr	Industrial Products	0.60%
37	Bank of Baroda ₹7.76 Cr	Banks	0.53%
38	HDFC Asset Management Company Limited ₹7.59 Cr	Capital Markets	0.52%
39	Sudarshan Chemical Industries Limited ₹6.84 Cr	Chemicals & Petrochemicals	0.46%
40	Nippon Life India Asset Management Limited ₹6.83 Cr	Capital Markets	0.46%
41	Hindustan Aeronautics Limited ₹6.57 Cr	Aerospace & Defense	0.45%
42	Indus Towers Limited ₹6.34 Cr	Telecom - Services	0.43%
43	Canara HSBC Life Insurance Co Ltd ₹6.05 Cr	Insurance	0.41%
44	TVS Motor Company Limited ₹5.73 Cr	Automobiles	0.39%
45	Siemens Limited ₹5.69 Cr	Electrical Equipment	0.39%
46	Trent Limited ₹5.41 Cr	Retailing	0.37%
47	Nuvoco Vistas Corporation Limited ₹4.17 Cr	Cement & Cement Products	0.28%
48	Aditya Birla Sun Life AMC Limited ₹3.92 Cr	Capital Markets	0.27%
49	Computer Age Management Services Limited ₹3.53 Cr	Capital Markets	0.24%
50	La Opala RG Limited ₹3.37 Cr	Consumer Durables	0.23%
51	Atul Limited ₹3.26 Cr	Chemicals & Petrochemicals	0.22%
52	Siemens Energy India Limited ₹3.09 Cr	Electrical Equipment	0.21%
53	Chalet Hotels Limited ₹3.15 Cr	Leisure Services	0.21%
54	Birla Corporation Limited ₹2.33 Cr	Cement & Cement Products	0.16%
55	GSPL Transmission Limited ₹70.84 L	Gas	0.05%