What stocks does Motilal Oswal Business Cycle Fund hold?

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

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

What category is Motilal Oswal Business Cycle Fund?

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

How often is Motilal Oswal Business Cycle Fund portfolio data updated?

Portfolio holdings for Motilal Oswal 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.

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Motilal Oswal Business Cycle Fund - Direct Plan- Growth

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

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Stocks Held

May 2026

Equity Holdings

₹1,466.10 Cr

Equity only, excl. debt & cash

Top 5 Weight

40.1%

High concentration

Top 10 Weight

61.3%

High concentration

Changes

6 new · 2 exits

Top Sector

IT - Software

17.8% of portfolio

📋 What Happened This Month Motilal Oswal Business Cycle Fund made 6 new additions and exited 2 stocks this month. The biggest new buy was BSE Limited (Capital Markets) at 2.81% weight. ICICI Bank Limited was the biggest exit (Banks), which was held at 5.20%. Among existing holdings, Coforge Limited saw the biggest increase — now at 9.04% of the portfolio. Healthcare Global Enterprises Limited was trimmed the most, now at 4.13%. Coforge Limited remains the top holding with IT - Software the dominant sector at 17.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Motilal Oswal Business Cycle Fund - Direct Plan- Growth

+2.30%

+11.77%

-8.56%

-6.23%

Latest NAV

₹11.71

24 Jun 2026

52W High

₹13.56

-14% from High

52W Low

₹10.17

+15% from Low

Calendar Year Returns

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

2025

-2.3%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

3.6%

+ve in 51% windows

23.6% / -11.7%

Crisis Period Behaviour

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

2024–25 Tariff

-19.6%

Rec: Sep 2025 (11 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 ₹11.71 24 Jun 2026

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

Motilal Oswal Business Cycle Fund - Direct Plan- Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹11.71

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	17.4%	17.8%	▲ +0.4%
IT - Software	17.0%	15.9%	▼ -1.1%
Consumer Durables	13.9%	14.3%	▲ +0.4%
Healthcare Services	9.4%	9.3%	● -0.1%
Retailing	8.1%	8.1%	● 0.0%
Chemicals & Petrochemicals	5.5%	6.8%	▲ +1.3%
Pharmaceuticals & Biotechnology	5.9%	6.3%	▲ +0.4%
Telecom - Services	4.0%	4.0%	● -0.1%
Electrical Equipment	3.0%	3.4%	▲ +0.5%
Finance	2.4%	2.4%	● 0.0%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
IT - Software	15.9%	17.8%	▲ +1.9%
Banks	17.8%	14.1%	▼ -3.7%
Consumer Durables	14.3%	13.2%	▼ -1.0%
Retailing	8.1%	11.2%	▲ +3.1%
Healthcare Services	9.3%	7.3%	▼ -2.1%
Chemicals & Petrochemicals	6.8%	7.1%	▲ +0.3%
Electrical Equipment	3.4%	7.1%	▲ +3.6%
Capital Markets	2.4%	4.8%	▲ +2.4%
Telecom - Services	4.0%	4.0%	● +0.1%
Finance	2.4%	3.9%	▲ +1.5%

🟢

Biggest New Buy

BSE Limited

2.81% weight · Capital Markets

🔴

Biggest Exit

ICICI Bank Limited

5.20% was held · Banks

↑

Biggest Add

Coforge Limited

+1.81% · now 9.04%

↓

Biggest Trim

Healthcare Global Enterprises Limited

-2.42% · now 4.13%

🤝 Other funds also bought this month

ABB India Limited 39 funds

Shriram Finance Limited 35 funds

BSE Limited 33 funds

RBL Bank Limited 19 funds

Urban Company Ltd. 8 funds

Emmvee Photovoltaic Power Ltd 5 funds

👋 Other funds also exited

ICICI Bank Limited 14 funds

Neuland Laboratories Limited 3 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 6 New Entries 🔴 2 Exits ↑ 15 Increased ↓ 5 Decreased

#	Stock	Sector	Weight (May 2026)
1	BSE Limited ₹41.95 Cr	Capital Markets	2.81%
2	Urban Company Ltd. ₹37.00 Cr	Retailing	2.48%
3	RBL Bank Limited ₹32.15 Cr	Banks	2.15%
4	ABB India Limited ₹24.61 Cr	Electrical Equipment	1.65%
5	Emmvee Photovoltaic Power Ltd ₹23.61 Cr	Electrical Equipment	1.58%
6	Shriram Finance Limited ₹20.72 Cr	Finance	1.39%

#	Stock	Sector	Last Weight (Apr 2026)
1	ICICI Bank Limited ₹81.67 Cr	Banks	5.20%
2	Neuland Laboratories Limited ₹51.58 Cr	Pharmaceuticals & Biotechnology	3.28%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Coforge Limited ₹135.07 Cr	IT - Software	7.23%	9.04%	+1.81%
2	Eternal Limited ₹130.08 Cr	Retailing	8.07%	8.70%	+0.63%
3	UNO Minda Limited ₹34.83 Cr	Auto Components	1.84%	2.33%	+0.49%
4	CG Power and Industrial Solutions Limited ₹57.13 Cr	Electrical Equipment	3.42%	3.82%	+0.40%
5	Apollo Hospitals Enterprise Limited ₹46.75 Cr	Healthcare Services	2.78%	3.13%	+0.35%
6	Ellenbarrie Industrial Gases Limited ₹78.33 Cr	Chemicals & Petrochemicals	5.06%	5.24%	+0.18%
7	IndusInd Bank Limited ₹48.42 Cr	Banks	3.09%	3.24%	+0.15%
8	Dr. Reddy's Laboratories Limited ₹46.35 Cr	Pharmaceuticals & Biotechnology	3.00%	3.10%	+0.10%
9	Persistent Systems Limited ₹130.42 Cr	IT - Software	8.63%	8.73%	+0.10%
10	Thirumalai Chemicals Ltd ₹27.78 Cr	Chemicals & Petrochemicals	1.76%	1.86%	+0.10%
11	Bharti Airtel Limited ₹60.08 Cr	Telecom - Services	3.95%	4.02%	+0.07%
12	Muthoot Finance Limited ₹37.30 Cr	Finance	2.43%	2.50%	+0.07%
13	HDFC Bank Limited ₹66.53 Cr	Banks	4.39%	4.45%	+0.06%
14	AU Small Finance Bank Limited ₹40.89 Cr	Banks	2.69%	2.74%	+0.05%
15	Ashok Leyland Limited ₹35.10 Cr	Agricultural, Commercial & Construction Vehicles	2.33%	2.35%	+0.02%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Healthcare Global Enterprises Limited ₹61.75 Cr	Healthcare Services	6.55%	4.13%	-2.42%
2	Kotak Mahindra Bank Limited ₹22.44 Cr	Banks	2.44%	1.50%	-0.94%
3	Kalyan Jewellers India Limited ₹125.79 Cr	Consumer Durables	9.20%	8.42%	-0.78%
4	Billionbrains Garage Ventures Ltd ₹29.39 Cr	Capital Markets	2.36%	1.97%	-0.39%
5	PG Electroplast Limited ₹71.63 Cr	Consumer Durables	5.05%	4.79%	-0.26%

What Stocks Does This Fund Hold?

26 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Coforge Limited ₹135.07 Cr	IT - Software	9.04%
2	Persistent Systems Limited ₹130.42 Cr	IT - Software	8.73%
3	Eternal Limited ₹130.08 Cr	Retailing	8.70%
4	Kalyan Jewellers India Limited ₹125.79 Cr	Consumer Durables	8.42%
5	Ellenbarrie Industrial Gases Limited ₹78.33 Cr	Chemicals & Petrochemicals	5.24%
6	PG Electroplast Limited ₹71.63 Cr	Consumer Durables	4.79%
7	HDFC Bank Limited ₹66.53 Cr	Banks	4.45%
8	Healthcare Global Enterprises Limited ₹61.75 Cr	Healthcare Services	4.13%
9	Bharti Airtel Limited ₹60.08 Cr	Telecom - Services	4.02%
10	CG Power and Industrial Solutions Limited ₹57.13 Cr	Electrical Equipment	3.82%
11	IndusInd Bank Limited ₹48.42 Cr	Banks	3.24%
12	Apollo Hospitals Enterprise Limited ₹46.75 Cr	Healthcare Services	3.13%
13	Dr. Reddy's Laboratories Limited ₹46.35 Cr	Pharmaceuticals & Biotechnology	3.10%
14	BSE Limited ₹41.95 Cr	Capital Markets	2.81%
15	AU Small Finance Bank Limited ₹40.89 Cr	Banks	2.74%
16	Muthoot Finance Limited ₹37.30 Cr	Finance	2.50%
17	Urban Company Ltd. ₹37.00 Cr	Retailing	2.48%
18	Ashok Leyland Limited ₹35.10 Cr	Agricultural, Commercial & Construction Vehicles	2.35%
19	UNO Minda Limited ₹34.83 Cr	Auto Components	2.33%
20	RBL Bank Limited ₹32.15 Cr	Banks	2.15%
21	Billionbrains Garage Ventures Ltd ₹29.39 Cr	Capital Markets	1.97%
22	Thirumalai Chemicals Ltd ₹27.78 Cr	Chemicals & Petrochemicals	1.86%
23	ABB India Limited ₹24.61 Cr	Electrical Equipment	1.65%
24	Emmvee Photovoltaic Power Ltd ₹23.61 Cr	Electrical Equipment	1.58%
25	Kotak Mahindra Bank Limited ₹22.44 Cr	Banks	1.50%
26	Shriram Finance Limited ₹20.72 Cr	Finance	1.39%