What stocks does HDFC Business Cycle Fund hold?

HDFC Business Cycle Fund holds a portfolio of Indian equity stocks disclosed monthly by HDFC 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 HDFC Business Cycle Fund?

HDFC Business Cycle Fund is managed by HDFC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HDFC Business Cycle Fund?

HDFC Business Cycle Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is HDFC Business Cycle Fund portfolio data updated?

Portfolio holdings for HDFC 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.

← HDFC Mutual Fund

HDFC Business Cycle Fund - Growth Option - Direct Plan

Equity Data as of Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹2,618.36 Cr

Equity only, excl. debt & cash

Top 5 Weight

25.6%

Moderate

Top 10 Weight

42.6%

Moderate

Changes

3 new · 0 exits

Top Sector

Banks

17.7% of portfolio

📋 What Happened This Month HDFC Business Cycle Fund added 3 new stocks to its portfolio this month. The biggest new buy was Bosch Limited (Auto Components) at 1.03% weight. Among existing holdings, Aadhar Housing Finance Limited saw the biggest increase — now at 2.52% of the portfolio. CG Power and Industrial Solutions Limited was trimmed the most, now at 0.96%. Bharti Airtel Limited remains the top holding with Banks the dominant sector at 17.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · HDFC Business Cycle Fund - Growth Option - Direct Plan

+5.05%

+8.00%

+4.65%

+3.55%

Latest NAV

₹15.82

15 Jul 2026

52W High

₹15.86

-0% from High

52W Low

₹13.10

+21% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+2.7%

2024

+15.3%

2023

+29.9%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

15.9%

+ve in 94% windows

41.9% / -5.2%

3Y Rolling Avg

14.1% p.a.

+ve in 100% windows

16.3% / 10.4%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-17.3%

Rec: Jul 2026 (1yr 9mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.54

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.76

Penalises downside volatility only.

Std Deviation (3Y)

13.7%

Lower = more consistent returns.

NAV Chart ₹15.82 15 Jul 2026

Simple Moving Avg: Click to draw · click again to remove

HDFC Business Cycle Fund - Growth Option - Direct Plan

Chart shows indexed performance (base = 100). Actual NAV: ₹15.82

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	16.3%	17.6%	▲ +1.3%
Retailing	10.3%	11.0%	▲ +0.7%
Finance	9.4%	9.3%	● -0.1%
Pharmaceuticals & Biotechnology	8.2%	7.3%	▼ -0.8%
Telecom - Services	6.2%	6.1%	▼ -0.1%
Healthcare Services	3.4%	4.5%	▲ +1.1%
Consumer Durables	4.6%	4.4%	▼ -0.3%
Chemicals & Petrochemicals	3.5%	3.5%	● 0.0%
Power	3.3%	3.4%	● +0.0%
Automobiles	2.8%	3.0%	▲ +0.2%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	17.6%	17.7%	● +0.1%
Finance	9.3%	11.0%	▲ +1.7%
Retailing	11.0%	10.5%	▼ -0.5%
Pharmaceuticals & Biotechnology	7.3%	7.2%	▼ -0.2%
Telecom - Services	6.1%	5.9%	▼ -0.2%
Power	3.4%	4.6%	▲ +1.2%
Consumer Durables	4.4%	4.5%	▲ +0.1%
Healthcare Services	4.5%	4.4%	● 0.0%
Chemicals & Petrochemicals	3.5%	3.8%	▲ +0.4%
Transport Services	2.8%	3.3%	▲ +0.5%

🟢

Biggest New Buy

Bosch Limited

1.03% weight · Auto Components

↑

Biggest Add

Aadhar Housing Finance Limited

+0.90% · now 2.52%

↓

Biggest Trim

CG Power and Industrial Solutions Limited

-0.44% · now 0.96%

🤝 Other funds also bought this month

Bosch Limited 14 funds

Star Health And Allied Insurance Company Limited 4 funds

KSB Limited 3 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries ↑ 25 Increased ↓ 28 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Bosch Limited ₹27.93 Cr	Auto Components	1.03%
2	KSB Limited ₹14.38 Cr	Industrial Products	0.53%
3	Star Health And Allied Insurance Company Limited ₹4.38 Cr	Insurance	0.16%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Aadhar Housing Finance Limited ₹68.03 Cr	Finance	1.62%	2.52%	+0.90%
2	Acme Solar Holdings Ltd ₹46.62 Cr	Power	0.83%	1.72%	+0.89%
3	InterGlobe Aviation Limited ₹89.12 Cr	Transport Services	2.84%	3.30%	+0.46%
4	Le Travenues Technology Ltd ₹14.10 Cr	Leisure Services	0.06%	0.52%	+0.46%
5	Home First Finance Company India Limited ₹60.96 Cr	Finance	1.80%	2.25%	+0.45%
6	Aether Industries Limited ₹74.10 Cr	Chemicals & Petrochemicals	2.32%	2.74%	+0.42%
7	Clean Max Enviro Energy Solutions Limited # ₹64.85 Cr	Power	2.04%	2.40%	+0.36%
8	Pearl Global Industries Limited ₹68.20 Cr	Textiles & Apparels	2.17%	2.52%	+0.35%
9	Cholamandalam Investment and Finance Company Ltd ₹80.36 Cr	Finance	2.68%	2.97%	+0.29%
10	ICICI Bank Limited ₹143.30 Cr	Banks	5.08%	5.30%	+0.22%
11	Titan Company Limited ₹113.36 Cr	Consumer Durables	4.07%	4.19%	+0.12%
12	Bharat Dynamics Limited ₹42.45 Cr	Aerospace & Defense	1.45%	1.57%	+0.12%
13	Wework India Management Limited ₹26.12 Cr	Commercial Services & Supplies	0.88%	0.97%	+0.09%
14	Leela Palaces Hotels & Resorts Limited ₹25.86 Cr	Leisure Services	0.87%	0.96%	+0.09%
15	HDFC Bank Limited ₹96.55 Cr	Banks	3.50%	3.57%	+0.07%
16	Aptus Value Housing Finance India Limited ₹74.83 Cr	Finance	2.71%	2.77%	+0.06%
17	Global Health Limited ₹29.56 Cr	Healthcare Services	1.04%	1.09%	+0.05%
18	Eternal Limited ₹144.63 Cr	Retailing	5.31%	5.35%	+0.04%
19	Mankind Pharma Limited ₹36.76 Cr	Pharmaceuticals & Biotechnology	1.33%	1.36%	+0.03%
20	Shriram Finance Limited ₹13.98 Cr	Finance	0.49%	0.52%	+0.03%
21	Grindwell Norton Limited ₹7.79 Cr	Industrial Products	0.26%	0.29%	+0.03%
22	PNC Infratech Limited ₹11.74 Cr	Construction	0.41%	0.43%	+0.02%
23	The Phoenix Mills Limited ₹7.74 Cr	Realty	0.27%	0.29%	+0.02%
24	Tata Motors Ltd ₹6.13 Cr	Agricultural, Commercial & Construction Vehicles	0.21%	0.23%	+0.02%
25	Nuvama Wealth Management Limited ₹5.60 Cr	Capital Markets	0.19%	0.21%	+0.02%

#	Stock	Sector	May 2026	Jun 2026	Change
1	CG Power and Industrial Solutions Limited ₹25.95 Cr	Electrical Equipment	1.40%	0.96%	-0.44%
2	Bajaj Auto Limited ₹61.70 Cr	Automobiles	2.58%	2.28%	-0.30%
3	Vishal Mega Mart Limited ₹77.83 Cr	Retailing	3.12%	2.88%	-0.24%
4	Swiggy Limited ₹48.99 Cr	Retailing	2.05%	1.81%	-0.24%
5	Afcons Infrastructure Limited ₹4.14 Cr	Construction	0.37%	0.15%	-0.22%
6	Bharti Airtel Limited ₹158.72 Cr	Telecom - Services	6.08%	5.87%	-0.21%
7	ICICI Prudential Asset Management Company Limited ₹35.69 Cr	Capital Markets	1.48%	1.32%	-0.16%
8	Kotak Mahindra Bank Limited ₹132.23 Cr	Banks	5.03%	4.89%	-0.14%
9	PB Fintech Limited ₹39.65 Cr	Financial Technology (Fintech)	1.61%	1.47%	-0.14%
10	Anthem Biosciences Limited ₹102.87 Cr	Pharmaceuticals & Biotechnology	3.94%	3.81%	-0.13%
11	Ambuja Cements Limited ₹23.24 Cr	Cement & Cement Products	0.96%	0.86%	-0.10%
12	IndusInd Bank Limited ₹60.72 Cr	Banks	2.33%	2.25%	-0.08%
13	Timken India Limited ₹25.04 Cr	Industrial Products	1.01%	0.93%	-0.08%
14	RHI Magnesita India Limited ₹12.94 Cr	Industrial Products	0.55%	0.48%	-0.07%
15	Fortis Healthcare Limited ₹90.55 Cr	Healthcare Services	3.41%	3.35%	-0.06%
16	Sagility Limited ₹17.68 Cr	IT - Services	0.71%	0.65%	-0.06%
17	Eris Lifesciences Limited ₹53.87 Cr	Pharmaceuticals & Biotechnology	2.04%	1.99%	-0.05%
18	SRF Limited ₹29.59 Cr	Chemicals & Petrochemicals	1.14%	1.09%	-0.05%
19	Awfis Space Solutions Limited ₹9.73 Cr	Commercial Services & Supplies	0.41%	0.36%	-0.05%
20	Adani Ports and Special Economic Zone Limited ₹21.63 Cr	Transport Infrastructure	0.84%	0.80%	-0.04%
21	Ceigall India Ltd ₹16.86 Cr	Construction	0.65%	0.62%	-0.03%
22	Brainbees Solutions Ltd ₹12.77 Cr	Retailing	0.50%	0.47%	-0.03%
23	JSW Energy Limited ₹12.17 Cr	Power	0.48%	0.45%	-0.03%
24	Sona BLW Precision Forgings Limited ₹21.70 Cr	Auto Components	0.82%	0.80%	-0.02%
25	G R Infraprojects Limited ₹15.64 Cr	Construction	0.60%	0.58%	-0.02%
26	Crompton Greaves Consumer Electricals Limited ₹7.39 Cr	Consumer Durables	0.29%	0.27%	-0.02%
27	SULA VINEYARDS LIMITED ₹5.97 Cr	Beverages	0.24%	0.22%	-0.02%
28	Chalet Hotels Limited ₹29.60 Cr	Leisure Services	1.11%	1.10%	-0.01%

What Stocks Does This Fund Hold?

60 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	Bharti Airtel Limited ₹158.72 Cr	Telecom - Services	5.87%
2	Eternal Limited ₹144.63 Cr	Retailing	5.35%
3	ICICI Bank Limited ₹143.30 Cr	Banks	5.30%
4	Kotak Mahindra Bank Limited ₹132.23 Cr	Banks	4.89%
5	Titan Company Limited ₹113.36 Cr	Consumer Durables	4.19%
6	Anthem Biosciences Limited ₹102.87 Cr	Pharmaceuticals & Biotechnology	3.81%
7	HDFC Bank Limited ₹96.55 Cr	Banks	3.57%
8	Fortis Healthcare Limited ₹90.55 Cr	Healthcare Services	3.35%
9	InterGlobe Aviation Limited ₹89.12 Cr	Transport Services	3.30%
10	Cholamandalam Investment and Finance Company Ltd ₹80.36 Cr	Finance	2.97%
11	Vishal Mega Mart Limited ₹77.83 Cr	Retailing	2.88%
12	Aptus Value Housing Finance India Limited ₹74.83 Cr	Finance	2.77%
13	Aether Industries Limited ₹74.10 Cr	Chemicals & Petrochemicals	2.74%
14	Aadhar Housing Finance Limited ₹68.03 Cr	Finance	2.52%
15	Pearl Global Industries Limited ₹68.20 Cr	Textiles & Apparels	2.52%
16	Clean Max Enviro Energy Solutions Limited # ₹64.85 Cr	Power	2.40%
17	Bajaj Auto Limited ₹61.70 Cr	Automobiles	2.28%
18	Home First Finance Company India Limited ₹60.96 Cr	Finance	2.25%
19	IndusInd Bank Limited ₹60.72 Cr	Banks	2.25%
20	Eris Lifesciences Limited ₹53.87 Cr	Pharmaceuticals & Biotechnology	1.99%
21	Swiggy Limited ₹48.99 Cr	Retailing	1.81%
22	Acme Solar Holdings Ltd ₹46.62 Cr	Power	1.72%
23	Bharat Dynamics Limited ₹42.45 Cr	Aerospace & Defense	1.57%
24	Axis Bank Limited ₹40.26 Cr	Banks	1.49%
25	PB Fintech Limited ₹39.65 Cr	Financial Technology (Fintech)	1.47%
26	Mankind Pharma Limited ₹36.76 Cr	Pharmaceuticals & Biotechnology	1.36%
27	ICICI Prudential Asset Management Company Limited ₹35.69 Cr	Capital Markets	1.32%
28	Chalet Hotels Limited ₹29.60 Cr	Leisure Services	1.10%
29	Global Health Limited ₹29.56 Cr	Healthcare Services	1.09%
30	SRF Limited ₹29.59 Cr	Chemicals & Petrochemicals	1.09%
31	Bosch Limited ₹27.93 Cr	Auto Components	1.03%
32	Wework India Management Limited ₹26.12 Cr	Commercial Services & Supplies	0.97%
33	CG Power and Industrial Solutions Limited ₹25.95 Cr	Electrical Equipment	0.96%
34	Leela Palaces Hotels & Resorts Limited ₹25.86 Cr	Leisure Services	0.96%
35	Timken India Limited ₹25.04 Cr	Industrial Products	0.93%
36	Ambuja Cements Limited ₹23.24 Cr	Cement & Cement Products	0.86%
37	Adani Ports and Special Economic Zone Limited ₹21.63 Cr	Transport Infrastructure	0.80%
38	Sona BLW Precision Forgings Limited ₹21.70 Cr	Auto Components	0.80%
39	Sagility Limited ₹17.68 Cr	IT - Services	0.65%
40	Ceigall India Ltd ₹16.86 Cr	Construction	0.62%
41	G R Infraprojects Limited ₹15.64 Cr	Construction	0.58%
42	KSB Limited ₹14.38 Cr	Industrial Products	0.53%
43	Le Travenues Technology Ltd ₹14.10 Cr	Leisure Services	0.52%
44	Shriram Finance Limited ₹13.98 Cr	Finance	0.52%
45	RHI Magnesita India Limited ₹12.94 Cr	Industrial Products	0.48%
46	Brainbees Solutions Ltd ₹12.77 Cr	Retailing	0.47%
47	JSW Energy Limited ₹12.17 Cr	Power	0.45%
48	Ola Electric Mobility Ltd ₹11.86 Cr	Automobiles	0.44%
49	PNC Infratech Limited ₹11.74 Cr	Construction	0.43%
50	Awfis Space Solutions Limited ₹9.73 Cr	Commercial Services & Supplies	0.36%
51	Grindwell Norton Limited ₹7.79 Cr	Industrial Products	0.29%
52	The Phoenix Mills Limited ₹7.74 Cr	Realty	0.29%
53	Crompton Greaves Consumer Electricals Limited ₹7.39 Cr	Consumer Durables	0.27%
54	Godrej Properties Limited ₹6.28 Cr	Realty	0.23%
55	Tata Motors Ltd ₹6.13 Cr	Agricultural, Commercial & Construction Vehicles	0.23%
56	SULA VINEYARDS LIMITED ₹5.97 Cr	Beverages	0.22%
57	AU Small Finance Bank Limited ₹5.69 Cr	Banks	0.21%
58	Nuvama Wealth Management Limited ₹5.60 Cr	Capital Markets	0.21%
59	Star Health And Allied Insurance Company Limited ₹4.38 Cr	Insurance	0.16%
60	Afcons Infrastructure Limited ₹4.14 Cr	Construction	0.15%