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 Jul 2026 Comparing Jun 2026 → Jul 2026

Share: WhatsApp X

⌕

Stocks Held

Jul 2026

Equity Holdings

₹1,180.29 Cr

Equity only, excl. debt & cash

AAUM

₹1,159.26 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

33.0%

Moderate

Top 10 Weight

49.0%

Moderate

Changes

5 new · 2 exits

Top Sector

Banks

25.5% 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 5 new additions and exited 2 stocks this month. The biggest new buy was Power Grid Corporation of India Limited (Power) at 1.14% weight. Coromandel International Limited was the biggest exit (Fertilizers & Agrochemicals), which was held at 0.75%. Among existing holdings, Bharti Airtel Limited saw the biggest increase — now at 4.49% of the portfolio. Axis Bank Limited was trimmed the most, now at 5.72%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 25.5%. ↓ 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

+1.86%

+2.82%

+0.83%

+5.72%

Latest NAV

₹10.72

24 Aug 2026

52W High

₹10.87

-1% from High

52W Low

₹8.61

+24% 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

8.1%

+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 ₹10.72 24 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: ₹10.72

Sector Shift Industry allocation month-over-month

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%

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%

🟢

Biggest New Buy

Power Grid Corporation of India Limited

1.14% weight · Power

🔴

Biggest Exit

Coromandel International Limited

0.75% was held · Fertilizers & Agrochemicals

↑

Biggest Add

Bharti Airtel Limited

+1.59% · now 4.49%

↓

Biggest Trim

Axis Bank Limited

-1.19% · now 5.72%

🤝 Other funds also bought this month

Indus Towers Limited 21 funds

Power Grid Corporation of India Limited 15 funds

Bank of Baroda 13 funds

Atul Limited 5 funds

Timken India Limited 2 funds

👋 Other funds also exited

JSW Infrastructure Ltd 25 funds

Coromandel International Limited 18 funds

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

🟢 5 New Entries 🔴 2 Exits ↑ 18 Increased ↓ 23 Decreased

#	Stock	Sector	Weight (Jul 2026)
1	Power Grid Corporation of India Limited ₹15.97 Cr	Power	1.14%
2	Bank of Baroda ₹8.17 Cr	Banks	0.58%
3	Indus Towers Limited ₹6.65 Cr	Telecom - Services	0.47%
4	Timken India Limited ₹4.07 Cr	Industrial Products	0.29%
5	Atul Limited ₹3.71 Cr	Chemicals & Petrochemicals	0.26%

#	Stock	Sector	Last Weight (Jun 2026)
1	Coromandel International Limited ₹9.51 Cr	Fertilizers & Agrochemicals	0.75%
2	JSW Infrastructure Ltd ₹6.12 Cr	Transport Infrastructure	0.48%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Bharti Airtel Limited ₹62.83 Cr	Telecom - Services	2.90%	4.49%	+1.59%
2	NTPC Limited ₹43.02 Cr	Power	2.51%	3.07%	+0.56%
3	Page Industries Limited ₹16.66 Cr	Textiles & Apparels	0.64%	1.19%	+0.55%
4	Reliance Industries Limited ₹50.63 Cr	Petroleum Products	3.18%	3.62%	+0.44%
5	Larsen & Toubro Limited ₹60.05 Cr	Construction	3.96%	4.29%	+0.33%
6	HDFC Life Insurance Company Limited ₹25.02 Cr	Insurance	1.57%	1.79%	+0.22%
7	Hyundai Motor India Ltd ₹23.01 Cr	Automobiles	1.43%	1.64%	+0.21%
8	InterGlobe Aviation Limited ₹14.19 Cr	Transport Services	0.82%	1.01%	+0.19%
9	ICICI Bank Limited ₹131.87 Cr	Banks	9.24%	9.42%	+0.18%
10	Oil & Natural Gas Corporation Limited ₹13.17 Cr	Oil	0.76%	0.94%	+0.18%
11	Hindustan Petroleum Corporation Limited ₹8.84 Cr	Petroleum Products	0.49%	0.63%	+0.14%
12	Info Edge (India) Limited ₹15.85 Cr	Retailing	1.00%	1.13%	+0.13%
13	Asian Paints Limited ₹38.51 Cr	Consumer Durables	2.64%	2.75%	+0.11%
14	Hero MotoCorp Limited ₹32.95 Cr	Automobiles	2.31%	2.35%	+0.04%
15	UltraTech Cement Limited ₹41.42 Cr	Cement & Cement Products	2.93%	2.96%	+0.03%
16	Sudarshan Chemical Industries Limited ₹10.22 Cr	Chemicals & Petrochemicals	0.70%	0.73%	+0.03%
17	Mahindra & Mahindra Limited ₹51.19 Cr	Automobiles	3.64%	3.66%	+0.02%
18	Bharat Petroleum Corporation Limited ₹10.43 Cr	Petroleum Products	0.73%	0.74%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Axis Bank Limited ₹80.12 Cr	Banks	6.91%	5.72%	-1.19%
2	Carborundum Universal Limited ₹10.66 Cr	Industrial Products	1.00%	0.76%	-0.24%
3	TVS Motor Company Limited ₹6.02 Cr	Automobiles	0.64%	0.43%	-0.21%
4	Schaeffler India Limited ₹19.17 Cr	Auto Components	1.55%	1.37%	-0.18%
5	Maruti Suzuki India Limited ₹38.75 Cr	Automobiles	2.91%	2.77%	-0.14%
6	Multi Commodity Exchange of India Limited ₹11.43 Cr	Capital Markets	0.95%	0.82%	-0.13%
7	Max Financial Services Limited ₹10.86 Cr	Insurance	0.91%	0.78%	-0.13%
8	HDFC Bank Limited ₹126.36 Cr	Banks	9.15%	9.03%	-0.12%
9	DLF Limited ₹37.67 Cr	Realty	2.79%	2.69%	-0.10%
10	Apollo Tyres Limited ₹12.21 Cr	Auto Components	0.97%	0.87%	-0.10%
11	Voltas Limited ₹21.68 Cr	Consumer Durables	1.64%	1.55%	-0.09%
12	Shree Cement Limited ₹18.17 Cr	Cement & Cement Products	1.39%	1.30%	-0.09%
13	Nippon Life India Asset Management Limited ₹12.83 Cr	Capital Markets	1.01%	0.92%	-0.09%
14	Trent Limited ₹6.21 Cr	Retailing	0.53%	0.44%	-0.09%
15	State Bank of India ₹10.49 Cr	Banks	0.83%	0.75%	-0.08%
16	Aditya Birla Sun Life AMC Limited ₹3.98 Cr	Capital Markets	0.36%	0.28%	-0.08%
17	Bayer Cropscience Limited ₹11.35 Cr	Fertilizers & Agrochemicals	0.88%	0.81%	-0.07%
18	Siemens Energy India Limited ₹3.12 Cr	Electrical Equipment	0.28%	0.22%	-0.06%
19	United Breweries Limited ₹13.93 Cr	Beverages	1.04%	1.00%	-0.04%
20	SBI Life Insurance Company Limited ₹12.59 Cr	Insurance	0.93%	0.90%	-0.03%
21	Siemens Limited ₹7.79 Cr	Electrical Equipment	0.59%	0.56%	-0.03%
22	Hindustan Aeronautics Limited ₹8.52 Cr	Aerospace & Defense	0.63%	0.61%	-0.02%
23	ICICI Prudential Life Insurance Company Limited ₹7.95 Cr	Insurance	0.59%	0.57%	-0.02%

What Stocks Does This Fund Hold?

46 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹131.87 Cr	Banks	9.42%
2	HDFC Bank Limited ₹126.36 Cr	Banks	9.03%
3	Axis Bank Limited ₹80.12 Cr	Banks	5.72%
4	Bharti Airtel Limited ₹62.83 Cr	Telecom - Services	4.49%
5	Larsen & Toubro Limited ₹60.05 Cr	Construction	4.29%
6	Mahindra & Mahindra Limited ₹51.19 Cr	Automobiles	3.66%
7	Reliance Industries Limited ₹50.63 Cr	Petroleum Products	3.62%
8	NTPC Limited ₹43.02 Cr	Power	3.07%
9	UltraTech Cement Limited ₹41.42 Cr	Cement & Cement Products	2.96%
10	Maruti Suzuki India Limited ₹38.75 Cr	Automobiles	2.77%
11	Asian Paints Limited ₹38.51 Cr	Consumer Durables	2.75%
12	DLF Limited ₹37.67 Cr	Realty	2.69%
13	Hero MotoCorp Limited ₹32.95 Cr	Automobiles	2.35%
14	HDFC Life Insurance Company Limited ₹25.02 Cr	Insurance	1.79%
15	Hyundai Motor India Ltd ₹23.01 Cr	Automobiles	1.64%
16	Voltas Limited ₹21.68 Cr	Consumer Durables	1.55%
17	Schaeffler India Limited ₹19.17 Cr	Auto Components	1.37%
18	Shree Cement Limited ₹18.17 Cr	Cement & Cement Products	1.30%
19	Page Industries Limited ₹16.66 Cr	Textiles & Apparels	1.19%
20	Power Grid Corporation of India Limited ₹15.97 Cr	Power	1.14%
21	Info Edge (India) Limited ₹15.85 Cr	Retailing	1.13%
22	InterGlobe Aviation Limited ₹14.19 Cr	Transport Services	1.01%
23	United Breweries Limited ₹13.93 Cr	Beverages	1.00%
24	Oil & Natural Gas Corporation Limited ₹13.17 Cr	Oil	0.94%
25	Nippon Life India Asset Management Limited ₹12.83 Cr	Capital Markets	0.92%
26	SBI Life Insurance Company Limited ₹12.59 Cr	Insurance	0.90%
27	Apollo Tyres Limited ₹12.21 Cr	Auto Components	0.87%
28	Multi Commodity Exchange of India Limited ₹11.43 Cr	Capital Markets	0.82%
29	Bayer Cropscience Limited ₹11.35 Cr	Fertilizers & Agrochemicals	0.81%
30	Max Financial Services Limited ₹10.86 Cr	Insurance	0.78%
31	Carborundum Universal Limited ₹10.66 Cr	Industrial Products	0.76%
32	State Bank of India ₹10.49 Cr	Banks	0.75%
33	Bharat Petroleum Corporation Limited ₹10.43 Cr	Petroleum Products	0.74%
34	Sudarshan Chemical Industries Limited ₹10.22 Cr	Chemicals & Petrochemicals	0.73%
35	Hindustan Petroleum Corporation Limited ₹8.84 Cr	Petroleum Products	0.63%
36	Hindustan Aeronautics Limited ₹8.52 Cr	Aerospace & Defense	0.61%
37	Bank of Baroda ₹8.17 Cr	Banks	0.58%
38	ICICI Prudential Life Insurance Company Limited ₹7.95 Cr	Insurance	0.57%
39	Siemens Limited ₹7.79 Cr	Electrical Equipment	0.56%
40	Indus Towers Limited ₹6.65 Cr	Telecom - Services	0.47%
41	Trent Limited ₹6.21 Cr	Retailing	0.44%
42	TVS Motor Company Limited ₹6.02 Cr	Automobiles	0.43%
43	Timken India Limited ₹4.07 Cr	Industrial Products	0.29%
44	Aditya Birla Sun Life AMC Limited ₹3.98 Cr	Capital Markets	0.28%
45	Atul Limited ₹3.71 Cr	Chemicals & Petrochemicals	0.26%
46	Siemens Energy India Limited ₹3.12 Cr	Electrical Equipment	0.22%