← DSP Mutual Fund

DSP Business Cycle Fund - Direct - Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
Share: WhatsApp X
Stocks Held
41
May 2026
Equity Holdings
₹958.80 Cr
Equity only, excl. debt & cash
Top 5 Weight
33.1%
Moderate
Top 10 Weight
48.3%
Moderate
Changes
58
8 new · 19 exits
Top Sector
Banks
25.8% of portfolio
📋 What Happened This Month DSP Business Cycle Fund made 8 new additions and exited 19 stocks this month. The biggest new buy was Reliance Industries Limited (Petroleum Products) at 3.27% weight. Amber Enterprises India Limited was the biggest exit (Consumer Durables), which was held at 2.02%. Among existing holdings, UltraTech Cement Limited saw the biggest increase — now at 2.88% of the portfolio. Multi Commodity Exchange of India Limited was trimmed the most, now at 1.08%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 25.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 18.1% 23.0% +4.9%
Automobiles 6.9% 10.6% +3.7%
Consumer Durables 6.6% 8.4% +1.8%
Capital Markets 6.8% 5.6% -1.2%
Construction 1.9% 5.3% +3.4%
Auto Components 5.0% 3.9% -1.0%
Insurance 2.0% 3.7% +1.7%
Pharmaceuticals & Biotechnology 5.0% 3.6% -1.4%
Telecom - Services 3.4% 3.3% -0.2%
Power 3.2% 3.1% -0.1%
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%
🟢
Biggest New Buy
Reliance Industries Limited
3.27% weight · Petroleum Products
🔴
Biggest Exit
Amber Enterprises India Limited
2.02% was held · Consumer Durables
Biggest Add
UltraTech Cement Limited
+1.89% · now 2.88%
Biggest Trim
Multi Commodity Exchange of India Limited
-2.16% · now 1.08%
🤝 Other funds also bought this month
Reliance Industries Limited 32 funds
Reliance Industries Limited
TATA BSE SENSEX INDEX FUND
Bajaj Finserv Nifty 50 Index Fund - Direct - Growth
HDFC Nifty 50 Index Fund + more
Hindustan Aeronautics Limited 29 funds
Hindustan Aeronautics Limited
Motilal Oswal BSE Quality Index Fund
Bajaj Finserv Nifty Next 50 Index Fund - Direct - Growth
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth + more
Bharat Petroleum Corporation Limited 27 funds
Bharat Petroleum Corporation Limited
Motilal Oswal BSE Enhanced Value Index Fund
Mirae Asset BSE 500 Dividend Leaders 50 ETF
SBI Nifty 200 Value 30 ETF + more
Hindustan Petroleum Corporation Limited 26 funds
Hindustan Petroleum Corporation Limited
Motilal Oswal BSE Enhanced Value Index Fund
SBI Nifty 200 Value 30 ETF
ICICI Prudential Nifty200 Value 30 Index Fund - Direct Plan - Growth + more
Trent Limited 22 funds
Trent Limited
Nippon India Active Momentum Fund-Direct Plan - Growth Option
HSBC Consumption Fund - Direct Growth
Nippon India Quant Fund - Direct Plan Growth Plan - Growth Option + more
DLF Limited 21 funds
DLF Limited
SBI Resurgent India Opportunities Scheme
DSP Large Cap Fund - Direct Plan - Growth
Bajaj Finserv Balanced Advantage Fund-Direct Plan-Growth + more
👋 Other funds also exited
Cipla Limited 17 funds
Cipla Limited
BAJAJ FINSERV HEALTHCARE FUND - DIRECT - GROWTH
ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth
LIC MF Healthcare Fund-Direct Plan-Growth + more
Mphasis Limited 11 funds
Mphasis Limited
UNION RETIREMENT FUND
LIC MF Aggressive Hybrid Fund-Direct Plan-Growth
ITI Mid Cap Fund - Direct Plan - Growth Option + more
Navin Fluorine International Limited 9 funds
Navin Fluorine International Limited
UNION RETIREMENT FUND
BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan Growth
Samco Multi Cap Fund + more
Apollo Hospitals Enterprise Limited 8 funds
Apollo Hospitals Enterprise Limited
ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth
HDFC Defence Fund - Growth Option - Direct Plan
BAJAJ FINSERV MULTI CAP FUND - DIRECT - GROWTH + more
Amber Enterprises India Limited 7 funds
Amber Enterprises India Limited
Axis ESG Integration Strategy Fund - Direct Plan - Growth Option
UNION RETIREMENT FUND
Union Flexi Cap Fund - Direct Plan - Growth Option + more
Samvardhana Motherson International Limited 7 funds
Samvardhana Motherson International Limited
Motilal Oswal Active Momentum Fund- Direct-Growth
DSP Large Cap Fund - Direct Plan - Growth
BANK OF INDIA Midcap Tax Fund Series 2 Direct Plan Growth + more

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 May 2026
🟢 8 New Entries 🔴 19 Exits ↑ 13 Increased ↓ 18 Decreased
#StockSectorWeight (May 2026)
1
Reliance Industries Limited
₹38.09 Cr
Petroleum Products 3.27%
2
DLF Limited
₹33.74 Cr
Realty 2.89%
3
Shree Cement Limited
₹15.10 Cr
Cement & Cement Products 1.30%
4
Info Edge (India) Limited
₹9.45 Cr
Retailing 0.81%
5
Hindustan Aeronautics Limited
₹7.89 Cr
Aerospace & Defense 0.68%
6
Trent Limited
₹5.81 Cr
Retailing 0.50%
7
Bharat Petroleum Corporation Limited
₹3.17 Cr
Petroleum Products 0.27%
8
Hindustan Petroleum Corporation Limited
₹3.03 Cr
Petroleum Products 0.26%
#StockSectorLast Weight (Apr 2026)
1
Amber Enterprises India Limited
₹23.08 Cr
Consumer Durables 2.02%
2
Coforge Limited
₹22.27 Cr
IT - Software 1.95%
3
Oberoi Realty Limited
₹19.62 Cr
Realty 1.72%
4
Gland Pharma Limited
₹18.67 Cr
Pharmaceuticals & Biotechnology 1.63%
5
Samvardhana Motherson International Limited
₹16.73 Cr
Auto Components 1.46%
6
Greenlam Industries Ltd.
₹13.28 Cr
Consumer Durables 1.16%
7
Syngene International Limited
₹12.98 Cr
Healthcare Services 1.14%
8
Cyient Limited
₹12.72 Cr
IT - Services 1.11%
9
IPCA Laboratories Limited
₹12.64 Cr
Pharmaceuticals & Biotechnology 1.11%
10
Apollo Hospitals Enterprise Limited
₹11.36 Cr
Healthcare Services 0.99%
#StockSectorApr 2026May 2026Change
1
UltraTech Cement Limited
₹33.54 Cr
Cement & Cement Products 0.99% 2.88% +1.89%
2
ICICI Bank Limited
₹98.87 Cr
Banks 6.66% 8.48% +1.82%
3
Hero MotoCorp Limited
₹29.99 Cr
Automobiles 1.01% 2.57% +1.56%
4
HDFC Bank Limited
₹108.28 Cr
Banks 7.87% 9.28% +1.41%
5
Larsen & Toubro Limited
₹49.39 Cr
Construction 3.49% 4.23% +0.74%
6
Hyundai Motor India Ltd
₹18.28 Cr
Automobiles 1.02% 1.57% +0.55%
7
InterGlobe Aviation Limited
₹8.58 Cr
Transport Services 0.48% 0.74% +0.26%
8
ICICI Prudential Life Insurance Company Limited
₹7.77 Cr
Insurance 0.44% 0.67% +0.23%
9
Axis Bank Limited
₹83.84 Cr
Banks 6.98% 7.19% +0.21%
10
Schaeffler India Limited
₹19.40 Cr
Auto Components 1.45% 1.66% +0.21%
#StockSectorApr 2026May 2026Change
1
Multi Commodity Exchange of India Limited
₹12.54 Cr
Capital Markets 3.24% 1.08% -2.16%
2
Kalpataru Projects International Limited
₹1.87 Cr
Construction 1.61% 0.16% -1.45%
3
TVS Motor Company Limited
₹7.91 Cr
Automobiles 1.48% 0.68% -0.80%
4
State Bank of India
₹9.85 Cr
Banks 1.45% 0.84% -0.61%
5
Nippon Life India Asset Management Limited
₹13.98 Cr
Capital Markets 1.79% 1.20% -0.59%
6
Siemens Energy India Limited
₹5.02 Cr
Electrical Equipment 1.02% 0.43% -0.59%
7
Siemens Limited
₹7.97 Cr
Electrical Equipment 1.18% 0.68% -0.50%
8
Voltas Limited
₹20.32 Cr
Consumer Durables 2.04% 1.74% -0.30%
9
Bharti Airtel Limited
₹36.29 Cr
Telecom - Services 3.28% 3.11% -0.17%
10
Coromandel International Limited
₹13.15 Cr
Fertilizers & Agrochemicals 1.30% 1.13% -0.17%

What Stocks Does This Fund Hold?

41 stocks — May 2026

# Stock Sector Cap Weight & Value
1
₹108.28 Cr
Banks
9.28%
2
₹98.87 Cr
Banks
8.48%
3
₹83.84 Cr
Banks
7.19%
4
₹49.39 Cr
Construction
4.23%
5
₹45.87 Cr
Automobiles
3.93%
6
₹38.09 Cr
Petroleum Products
3.27%
7
₹36.29 Cr
Telecom - Services
3.11%
8
₹34.50 Cr
Power
2.96%
9
₹34.28 Cr
Automobiles
2.94%
10
₹33.94 Cr
Consumer Durables
2.91%
🏆 Top stocks held by Equity funds
See which stocks all active Equity fund managers are buying — ranked by total value invested
🏦 DSP Mutual Fund — Portfolio & Holdings
See all funds managed by DSP Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

Found a discrepancy or have feedback? Contact Us — we read every message personally.