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DSP Business Cycle Fund - Direct - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
52
Apr 2026
Equity Holdings
₹1,030.82 Cr
Equity only, excl. debt & cash
Top 5 Weight
29.1%
Moderate
Top 10 Weight
44.5%
Moderate
Changes
61
11 new · 9 exits
Top Sector
Banks
23.0% of portfolio
📋 What Happened This Month DSP Business Cycle Fund made 11 new additions and exited 9 stocks this month. The biggest new buy was HDFC Bank Limited (Banks) at 7.87% weight. Infosys Limited was the biggest exit (IT - Software), which was held at 3.83%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 6.66% of the portfolio. State Bank of India was trimmed the most, now at 1.45%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 23.0%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 19.2% 18.1% -1.2%
IT - Software 8.8% 9.5% +0.7%
Automobiles 7.1% 6.9% -0.2%
Capital Markets 6.4% 6.8% +0.4%
Consumer Durables 6.8% 6.6% -0.2%
Healthcare Services 5.6% 6.0% +0.4%
Industrial Products 5.8% 5.6% -0.3%
Pharmaceuticals & Biotechnology 4.7% 5.0% +0.3%
Auto Components 4.8% 5.0% +0.1%
Telecom - Services 3.2% 3.4% +0.2%
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%
🟢
Biggest New Buy
HDFC Bank Limited
7.87% weight · Banks
🔴
Biggest Exit
Infosys Limited
3.83% was held · IT - Software
Biggest Add
ICICI Bank Limited
+4.05% · now 6.66%
Biggest Trim
State Bank of India
-5.63% · now 1.45%
🤝 Other funds also bought this month
InterGlobe Aviation Limited 83 funds
InterGlobe Aviation Limited
Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Mirae Asset Nifty India New Age Consumption ETF
Invesco India Midcap Fund - Direct Plan - Growth Option + more
HDFC Bank Limited 76 funds
HDFC Bank Limited
Motilal Oswal BSE Top 10 Banks ETF
HDFC NIFTY Private Bank ETF - Growth Option
TATA NIFTY PRIVATE BANK EXCHANGE TRADED FUND + more
Maruti Suzuki India Limited 76 funds
Maruti Suzuki India Limited
HDFC Transportation and Logistics Fund
ICICI Prudential Long Term Wealth Enhancement Fund
HDFC Nifty Growth Sectors 15 ETF + more
UltraTech Cement Limited 64 funds
UltraTech Cement Limited
ICICI Prudential Conglomerate Fund - Direct Plan - Growth
Mirae Asset Nifty India Infrastructure & Logistics ETF
HDFC Housing Opportunities Fund + more
Larsen & Toubro Limited 62 funds
Larsen & Toubro Limited
HDFC Housing Opportunities Fund
ICICI Prudential Nifty Top 15 Equal Weight ETF
HDFC NIFTY Top 20 Equal Weight Index Fund + more
SBI Life Insurance Company Limited 57 funds
SBI Life Insurance Company Limited
ICICI Prudential Nifty Alpha Low- Volatility 30 ETF
HDFC Flexi Cap Fund - Growth Option - Direct Plan
ICICI Prudential Nifty 200 Momentum 30 ETF + more
👋 Other funds also exited
Infosys Limited 32 funds
Infosys Limited
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential Nifty50 Value 20 Index Fund - Direct Plan - Growth
UTI Equity Savings Fund - Direct Plan - Growth Option + more
Tata Consultancy Services Limited 25 funds
Tata Consultancy Services Limited
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential Nifty50 Value 20 Index Fund - Direct Plan - Growth
LIC MF Focused Fund-Direct Plan-Growth + more
Kotak Mahindra Bank Limited 22 funds
Kotak Mahindra Bank Limited
Bajaj Finserv Nifty Bank ETF
Bajaj Finserv Banking and Financial Services Fund - Direct - Growth
UTI Equity Savings Fund - Direct Plan - Growth Option + more
KEI Industries Limited 15 funds
KEI Industries Limited
Motilal Oswal Special Opportunities Fund - Direct - Growth
JM Large & Mid Cap Fund (Direct) - Growth Option
TRUSTMF MID CAP FUND -DIRECT -GROWTH + more
CG Power and Industrial Solutions Limited 11 funds
CG Power and Industrial Solutions Limited
ICICI Prudential BSE Midcap Select ETF
ICICI Prudential Quant Fund Direct Plan Growth
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth + more
Sona BLW Precision Forgings Limited 4 funds
Sona BLW Precision Forgings Limited
ICICI Prudential Nifty Midcap 150 Index Fund - Direct Plan - Growth
ICICI Prudential Nifty Midcap 150 ETF
UTI Equity Savings Fund - Direct Plan - Growth Option + more

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 11 New Entries 🔴 9 Exits ↑ 13 Increased ↓ 28 Decreased
#StockSectorWeight (Apr 2026)
1
HDFC Bank Limited
₹89.97 Cr
Banks 7.87%
2
Larsen & Toubro Limited
₹39.88 Cr
Construction 3.49%
3
Maruti Suzuki India Limited
₹34.77 Cr
Automobiles 3.04%
4
Asian Paints Limited
₹31.06 Cr
Consumer Durables 2.72%
5
HDFC Life Insurance Company Limited
₹17.12 Cr
Insurance 1.50%
6
Hyundai Motor India Ltd
₹11.61 Cr
Automobiles 1.02%
7
Hero MotoCorp Limited
₹11.57 Cr
Automobiles 1.01%
8
UltraTech Cement Limited
₹11.27 Cr
Cement & Cement Products 0.99%
9
SBI Life Insurance Company Limited
₹8.87 Cr
Insurance 0.78%
10
InterGlobe Aviation Limited
₹5.48 Cr
Transport Services 0.48%
#StockSectorLast Weight (Mar 2026)
1
Infosys Limited
₹39.39 Cr
IT - Software 3.83%
2
Kotak Mahindra Bank Limited
₹32.92 Cr
Banks 3.20%
3
Tata Consultancy Services Limited
₹29.11 Cr
IT - Software 2.83%
4
KEI Industries Limited
₹23.32 Cr
Industrial Products 2.27%
5
R R Kabel Limited
₹16.87 Cr
Industrial Products 1.64%
6
CG Power and Industrial Solutions Limited
₹14.22 Cr
Electrical Equipment 1.38%
7
Tata Capital Limited
₹12.24 Cr
Finance 1.19%
8
Dhanuka Agritech Limited
₹7.93 Cr
Fertilizers & Agrochemicals 0.77%
9
Sona BLW Precision Forgings Limited
₹7.84 Cr
Auto Components 0.76%
#StockSectorMar 2026Apr 2026Change
1
ICICI Bank Limited
₹76.13 Cr
Banks 2.61% 6.66% +4.05%
2
Axis Bank Limited
₹79.80 Cr
Banks 5.17% 6.98% +1.81%
3
Nippon Life India Asset Management Limited
₹20.41 Cr
Capital Markets 1.58% 1.79% +0.21%
4
Siemens Limited
₹13.50 Cr
Electrical Equipment 1.01% 1.18% +0.17%
5
Bayer Cropscience Limited
₹12.77 Cr
Fertilizers & Agrochemicals 0.96% 1.12% +0.16%
6
Siemens Energy India Limited
₹11.62 Cr
Electrical Equipment 0.88% 1.02% +0.14%
7
Oberoi Realty Limited
₹19.62 Cr
Realty 1.62% 1.72% +0.10%
8
Kalpataru Projects International Limited
₹18.46 Cr
Construction 1.52% 1.61% +0.09%
9
Syngene International Limited
₹12.98 Cr
Healthcare Services 1.05% 1.14% +0.09%
10
Carborundum Universal Limited
₹10.22 Cr
Industrial Products 0.81% 0.89% +0.08%
#StockSectorMar 2026Apr 2026Change
1
State Bank of India
₹16.59 Cr
Banks 7.08% 1.45% -5.63%
2
Apollo Hospitals Enterprise Limited
₹11.36 Cr
Healthcare Services 4.27% 0.99% -3.28%
3
Gland Pharma Limited
₹18.67 Cr
Pharmaceuticals & Biotechnology 2.84% 1.63% -1.21%
4
TVS Motor Company Limited
₹16.87 Cr
Automobiles 2.60% 1.48% -1.12%
5
Max Financial Services Limited
₹11.49 Cr
Insurance 2.04% 1.01% -1.03%
6
Multi Commodity Exchange of India Limited
₹37.08 Cr
Capital Markets 4.05% 3.24% -0.81%
7
Amber Enterprises India Limited
₹23.08 Cr
Consumer Durables 2.74% 2.02% -0.72%
8
Inox India Limited
₹2.17 Cr
Industrial Products 0.86% 0.19% -0.67%
9
Angel One Limited
₹6.00 Cr
Capital Markets 1.15% 0.52% -0.63%
10
Navin Fluorine International Limited
₹4.83 Cr
Chemicals & Petrochemicals 1.04% 0.42% -0.62%

Full Portfolio

52 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹89.97 Cr
Banks
7.87%
2
₹79.80 Cr
Banks
6.98%
3
₹76.13 Cr
Banks
6.66%
4
₹46.65 Cr
Automobiles
4.08%
5
₹39.88 Cr
Construction
3.49%
6
₹37.44 Cr
Telecom - Services
3.28%
7
₹37.08 Cr
Capital Markets
3.24%
8
₹35.59 Cr
Power
3.11%
9
₹34.77 Cr
Automobiles
3.04%
10
₹31.06 Cr
Consumer Durables
2.72%
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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.

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