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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹1,029.26 Cr

Equity only, excl. debt & cash

AAUM

₹1,159.26 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

32.9%

Moderate

Top 10 Weight

47.6%

Moderate

Changes

3 new · 1 exits

Top Sector

Banks

26.1% 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 made 3 new additions and exited 1 stock this month. The biggest new buy was Oil & Natural Gas Corporation Limited (Oil) at 0.76% weight. Kalpataru Projects International Limited was the biggest exit (Construction), which was held at 0.16%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 9.24% of the portfolio. JSW Infrastructure Ltd was trimmed the most, now at 0.48%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 26.1%. ↓ 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

-0.15%

+2.32%

+3.30%

+8.32%

Latest NAV

₹10.80

04 Aug 2026

52W High

₹10.87

-1% from High

52W Low

₹8.61

+25% 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

8.2%

+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 ₹10.80 04 Aug 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: ₹10.80

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	23.0%	25.8%	▲ +2.8%
Automobiles	10.6%	11.7%	▲ +1.1%
Consumer Durables	8.4%	4.7%	▼ -3.7%
Construction	5.3%	4.4%	▼ -0.9%
Cement & Cement Products	1.0%	4.2%	▲ +3.2%
Insurance	3.7%	4.0%	▲ +0.2%
Petroleum Products	0.0%	3.8%	▲ +3.8%
Telecom - Services	3.3%	3.1%	▼ -0.2%
Power	3.1%	3.0%	▼ -0.2%
Realty	1.7%	2.9%	▲ +1.2%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	25.8%	26.1%	▲ +0.3%
Automobiles	11.7%	10.9%	▼ -0.8%
Petroleum Products	3.8%	4.4%	▲ +0.6%
Cement & Cement Products	4.2%	4.3%	▲ +0.1%
Consumer Durables	4.7%	4.3%	▼ -0.4%
Insurance	4.0%	4.0%	● +0.0%
Construction	4.4%	4.0%	▼ -0.4%
Telecom - Services	3.1%	2.9%	▼ -0.2%
Realty	2.9%	2.8%	▼ -0.1%
Auto Components	2.6%	2.5%	▼ -0.1%

🟢

Biggest New Buy

Oil & Natural Gas Corporation Limited

0.76% weight · Oil

🔴

Biggest Exit

Kalpataru Projects International Limited

0.16% was held · Construction

↑

Biggest Add

ICICI Bank Limited

+0.76% · now 9.24%

↓

Biggest Trim

JSW Infrastructure Ltd

-0.54% · now 0.48%

🤝 Other funds also bought this month

Aditya Birla Sun Life AMC Limited 28 funds

Oil & Natural Gas Corporation Limited 23 funds

Page Industries Limited 17 funds

👋 Other funds also exited

Kalpataru Projects International Limited 7 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries 🔴 1 Exit ↑ 11 Increased ↓ 28 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Oil & Natural Gas Corporation Limited ₹9.58 Cr	Oil	0.76%
2	Page Industries Limited ₹8.07 Cr	Textiles & Apparels	0.64%
3	Aditya Birla Sun Life AMC Limited ₹4.55 Cr	Capital Markets	0.36%

#	Stock	Sector	Last Weight (May 2026)
1	Kalpataru Projects International Limited ₹1.87 Cr	Construction	0.16%

#	Stock	Sector	May 2026	Jun 2026	Change
1	ICICI Bank Limited ₹117.14 Cr	Banks	8.48%	9.24%	+0.76%
2	Bharat Petroleum Corporation Limited ₹9.23 Cr	Petroleum Products	0.27%	0.73%	+0.46%
3	Hindustan Petroleum Corporation Limited ₹6.25 Cr	Petroleum Products	0.26%	0.49%	+0.23%
4	Info Edge (India) Limited ₹12.64 Cr	Retailing	0.81%	1.00%	+0.19%
5	SBI Life Insurance Company Limited ₹11.81 Cr	Insurance	0.76%	0.93%	+0.17%
6	Shree Cement Limited ₹17.61 Cr	Cement & Cement Products	1.30%	1.39%	+0.09%
7	HDFC Life Insurance Company Limited ₹19.92 Cr	Insurance	1.49%	1.57%	+0.08%
8	InterGlobe Aviation Limited ₹10.46 Cr	Transport Services	0.74%	0.82%	+0.08%
9	UltraTech Cement Limited ₹37.20 Cr	Cement & Cement Products	2.88%	2.93%	+0.05%
10	Carborundum Universal Limited ₹12.65 Cr	Industrial Products	0.95%	1.00%	+0.05%
11	Trent Limited ₹6.78 Cr	Retailing	0.50%	0.53%	+0.03%

#	Stock	Sector	May 2026	Jun 2026	Change
1	JSW Infrastructure Ltd ₹6.12 Cr	Transport Infrastructure	1.02%	0.48%	-0.54%
2	NTPC Limited ₹31.80 Cr	Power	2.96%	2.51%	-0.45%
3	Coromandel International Limited ₹9.51 Cr	Fertilizers & Agrochemicals	1.13%	0.75%	-0.38%
4	Mahindra & Mahindra Limited ₹46.22 Cr	Automobiles	3.93%	3.64%	-0.29%
5	Axis Bank Limited ₹87.69 Cr	Banks	7.19%	6.91%	-0.28%
6	Larsen & Toubro Limited ₹50.20 Cr	Construction	4.23%	3.96%	-0.27%
7	Asian Paints Limited ₹33.49 Cr	Consumer Durables	2.91%	2.64%	-0.27%
8	Hero MotoCorp Limited ₹29.33 Cr	Automobiles	2.57%	2.31%	-0.26%
9	Bharti Airtel Limited ₹36.75 Cr	Telecom - Services	3.11%	2.90%	-0.21%
10	Nippon Life India Asset Management Limited ₹12.84 Cr	Capital Markets	1.20%	1.01%	-0.19%
11	Bayer Cropscience Limited ₹11.12 Cr	Fertilizers & Agrochemicals	1.04%	0.88%	-0.16%
12	Siemens Energy India Limited ₹3.56 Cr	Electrical Equipment	0.43%	0.28%	-0.15%
13	Hyundai Motor India Ltd ₹18.11 Cr	Automobiles	1.57%	1.43%	-0.14%
14	HDFC Bank Limited ₹116.04 Cr	Banks	9.28%	9.15%	-0.13%
15	Multi Commodity Exchange of India Limited ₹12.05 Cr	Capital Markets	1.08%	0.95%	-0.13%
16	Max Financial Services Limited ₹11.48 Cr	Insurance	1.04%	0.91%	-0.13%
17	Schaeffler India Limited ₹19.69 Cr	Auto Components	1.66%	1.55%	-0.11%
18	Sudarshan Chemical Industries Limited ₹8.89 Cr	Chemicals & Petrochemicals	0.81%	0.70%	-0.11%
19	DLF Limited ₹35.43 Cr	Realty	2.89%	2.79%	-0.10%
20	Voltas Limited ₹20.84 Cr	Consumer Durables	1.74%	1.64%	-0.10%
21	Reliance Industries Limited ₹40.30 Cr	Petroleum Products	3.27%	3.18%	-0.09%
22	Siemens Limited ₹7.46 Cr	Electrical Equipment	0.68%	0.59%	-0.09%
23	ICICI Prudential Life Insurance Company Limited ₹7.52 Cr	Insurance	0.67%	0.59%	-0.08%
24	United Breweries Limited ₹13.13 Cr	Beverages	1.11%	1.04%	-0.07%
25	Hindustan Aeronautics Limited ₹8.03 Cr	Aerospace & Defense	0.68%	0.63%	-0.05%
26	TVS Motor Company Limited ₹8.16 Cr	Automobiles	0.68%	0.64%	-0.04%
27	Maruti Suzuki India Limited ₹36.86 Cr	Automobiles	2.94%	2.91%	-0.03%
28	State Bank of India ₹10.49 Cr	Banks	0.84%	0.83%	-0.01%

What Stocks Does This Fund Hold?

43 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹117.14 Cr	Banks	9.24%
2	HDFC Bank Limited ₹116.04 Cr	Banks	9.15%
3	Axis Bank Limited ₹87.69 Cr	Banks	6.91%
4	Larsen & Toubro Limited ₹50.20 Cr	Construction	3.96%
5	Mahindra & Mahindra Limited ₹46.22 Cr	Automobiles	3.64%
6	Reliance Industries Limited ₹40.30 Cr	Petroleum Products	3.18%
7	UltraTech Cement Limited ₹37.20 Cr	Cement & Cement Products	2.93%
8	Maruti Suzuki India Limited ₹36.86 Cr	Automobiles	2.91%
9	Bharti Airtel Limited ₹36.75 Cr	Telecom - Services	2.90%
10	DLF Limited ₹35.43 Cr	Realty	2.79%
11	Asian Paints Limited ₹33.49 Cr	Consumer Durables	2.64%
12	NTPC Limited ₹31.80 Cr	Power	2.51%
13	Hero MotoCorp Limited ₹29.33 Cr	Automobiles	2.31%
14	Voltas Limited ₹20.84 Cr	Consumer Durables	1.64%
15	HDFC Life Insurance Company Limited ₹19.92 Cr	Insurance	1.57%
16	Schaeffler India Limited ₹19.69 Cr	Auto Components	1.55%
17	Hyundai Motor India Ltd ₹18.11 Cr	Automobiles	1.43%
18	Shree Cement Limited ₹17.61 Cr	Cement & Cement Products	1.39%
19	United Breweries Limited ₹13.13 Cr	Beverages	1.04%
20	Nippon Life India Asset Management Limited ₹12.84 Cr	Capital Markets	1.01%
21	Info Edge (India) Limited ₹12.64 Cr	Retailing	1.00%
22	Carborundum Universal Limited ₹12.65 Cr	Industrial Products	1.00%
23	Apollo Tyres Limited ₹12.27 Cr	Auto Components	0.97%
24	Multi Commodity Exchange of India Limited ₹12.05 Cr	Capital Markets	0.95%
25	SBI Life Insurance Company Limited ₹11.81 Cr	Insurance	0.93%
26	Max Financial Services Limited ₹11.48 Cr	Insurance	0.91%
27	Bayer Cropscience Limited ₹11.12 Cr	Fertilizers & Agrochemicals	0.88%
28	State Bank of India ₹10.49 Cr	Banks	0.83%
29	InterGlobe Aviation Limited ₹10.46 Cr	Transport Services	0.82%
30	Oil & Natural Gas Corporation Limited ₹9.58 Cr	Oil	0.76%
31	Coromandel International Limited ₹9.51 Cr	Fertilizers & Agrochemicals	0.75%
32	Bharat Petroleum Corporation Limited ₹9.23 Cr	Petroleum Products	0.73%
33	Sudarshan Chemical Industries Limited ₹8.89 Cr	Chemicals & Petrochemicals	0.70%
34	TVS Motor Company Limited ₹8.16 Cr	Automobiles	0.64%
35	Page Industries Limited ₹8.07 Cr	Textiles & Apparels	0.64%
36	Hindustan Aeronautics Limited ₹8.03 Cr	Aerospace & Defense	0.63%
37	ICICI Prudential Life Insurance Company Limited ₹7.52 Cr	Insurance	0.59%
38	Siemens Limited ₹7.46 Cr	Electrical Equipment	0.59%
39	Trent Limited ₹6.78 Cr	Retailing	0.53%
40	Hindustan Petroleum Corporation Limited ₹6.25 Cr	Petroleum Products	0.49%
41	JSW Infrastructure Ltd ₹6.12 Cr	Transport Infrastructure	0.48%
42	Aditya Birla Sun Life AMC Limited ₹4.55 Cr	Capital Markets	0.36%
43	Siemens Energy India Limited ₹3.56 Cr	Electrical Equipment	0.28%