What stocks does Tata Business Cycle Fund hold?

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

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

What category is Tata Business Cycle Fund?

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

How often is Tata Business Cycle Fund portfolio data updated?

Portfolio holdings for Tata 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.

← Tata Mutual Fund

Tata Business Cycle Fund-Direct Plan-Growth

Equity Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹2,361.27 Cr

Equity only, excl. debt & cash

AAUM

₹2,617.49 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

20.7%

Diversified

Top 10 Weight

34.4%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

9.1% of portfolio

Launch Date

16 Jul 2021

5 years old

AAUM (Average Assets Under Management) of ₹2,617.49 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 Tata Business Cycle Fund made 1 new addition and exited 2 stocks this month. The biggest new buy was Hitachi Energy India Limited (Electrical Equipment) at 1.29% weight. Emmvee Photovoltaic Power Ltd was the biggest exit (Electrical Equipment), which was held at 1.11%. Among existing holdings, Graphite India Limited saw the biggest increase — now at 1.90% of the portfolio. PB Fintech Limited was trimmed the most, now at 2.13%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 9.1%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Tata Business Cycle Fund-Direct Plan-Growth

-6.45%

-8.43%

-0.53%

-4.29%

Latest NAV

₹19.13

09 Oct 2026

52W High

₹21.02

-9% from High

52W Low

₹17.71

+8% from Low

Calendar Year Returns

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

2025

+2.2%

2024

+20.4%

2023

+36.5%

2022

+15.4%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

19.1%

+ve in 89% windows

63.2% / -9.6%

3Y Rolling Avg

20.8% p.a.

+ve in 100% windows

29.5% / 12.5%

5Y Rolling Avg

15.2% p.a.

+ve in 100% windows

15.7% / 14.9%

Crisis Period Behaviour

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

2024–25 Tariff

-20.0%

Rec: not yet

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-15.0%

Rec: Aug 2022 (3 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.41

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.56

Penalises downside volatility only.

Std Deviation (3Y)

14.7%

Lower = more consistent returns.

NAV Chart ₹19.13 09 Oct 2026

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

Tata Business Cycle Fund-Direct Plan-Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹19.13

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Finance	9.0%	9.3%	▲ +0.3%
Banks	9.8%	8.8%	▼ -1.0%
Healthcare Services	8.1%	8.3%	▲ +0.2%
Cement & Cement Products	7.0%	6.5%	▼ -0.5%
Industrial Products	5.6%	6.1%	▲ +0.5%
Ferrous Metals	5.4%	5.7%	▲ +0.3%
Financial Technology (Fintech)	4.3%	5.2%	▲ +1.0%
Insurance	5.1%	5.2%	▲ +0.1%
Petroleum Products	4.9%	4.8%	● -0.1%
Power	6.1%	4.0%	▼ -2.1%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	8.8%	9.1%	▲ +0.3%
Finance	9.3%	8.7%	▼ -0.6%
Healthcare Services	8.3%	8.1%	▼ -0.2%
Industrial Products	6.1%	7.0%	▲ +1.0%
Cement & Cement Products	6.5%	6.7%	▲ +0.2%
Ferrous Metals	5.7%	6.0%	▲ +0.3%
Insurance	5.2%	5.3%	▲ +0.1%
Petroleum Products	4.8%	4.8%	● +0.0%
Power	4.0%	4.4%	▲ +0.5%
Financial Technology (Fintech)	5.2%	4.1%	▼ -1.1%

🟢

Biggest New Buy

Hitachi Energy India Limited

1.29% weight · Electrical Equipment

🔴

Biggest Exit

Emmvee Photovoltaic Power Ltd

1.11% was held · Electrical Equipment

↑

Biggest Add

Graphite India Limited

+0.69% · now 1.90%

↓

Biggest Trim

PB Fintech Limited

-1.00% · now 2.13%

🤝 Other funds also bought this month

Hitachi Energy India Limited 63 funds

👋 Other funds also exited

Bharat Heavy Electricals Limited 35 funds

Emmvee Photovoltaic Power Ltd 5 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 1 New Entry 🔴 2 Exits ↑ 29 Increased ↓ 19 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Hitachi Energy India Limited ₹31.24 Cr	Electrical Equipment	1.29%

#	Stock	Sector	Last Weight (Aug 2026)
1	Emmvee Photovoltaic Power Ltd ₹29.01 Cr	Electrical Equipment	1.11%
2	Bharat Heavy Electricals Limited ₹24.35 Cr	Electrical Equipment	0.94%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Graphite India Limited ₹45.82 Cr	Industrial Products	1.21%	1.90%	+0.69%
2	Amber Enterprises India Limited ₹29.04 Cr	Consumer Durables	0.57%	1.20%	+0.63%
3	Adani Ports and Special Economic Zone Limited ₹44.63 Cr	Transport Infrastructure	1.52%	1.85%	+0.33%
4	Nuvoco Vistas Corporation Limited ₹43.86 Cr	Cement & Cement Products	1.55%	1.82%	+0.27%
5	HDFC Bank Limited ₹90.17 Cr	Banks	3.47%	3.73%	+0.26%
6	Acme Solar Holdings Ltd ₹45.66 Cr	Power	1.63%	1.89%	+0.26%
7	Varun Beverages Limited ₹42.41 Cr	Beverages	1.51%	1.76%	+0.25%
8	Ratnamani Metals & Tubes Ltd. ₹60.83 Cr	Industrial Products	2.27%	2.52%	+0.25%
9	Abbott India Limited ₹39.48 Cr	Pharmaceuticals & Biotechnology	1.39%	1.63%	+0.24%
10	SEDEMAC MECHATRONICS LTD ₹48.15 Cr	Auto Components	1.75%	1.99%	+0.24%
11	Oil & Natural Gas Corporation Limited ₹51.65 Cr	Oil	1.95%	2.14%	+0.19%
12	Adani Energy Solutions Limited ₹61.12 Cr	Power	2.34%	2.53%	+0.19%
13	Dr. Lal Path Labs Limited ₹46.67 Cr	Healthcare Services	1.75%	1.93%	+0.18%
14	Tata Steel Limited ₹48.96 Cr	Ferrous Metals	1.88%	2.03%	+0.15%
15	The Ramco Cements Limited ₹48.02 Cr	Cement & Cement Products	1.85%	1.99%	+0.14%
16	ICICI Lombard General Insurance Company Limited ₹36.34 Cr	Insurance	1.38%	1.50%	+0.12%
17	Jindal Steel Limited ₹94.60 Cr	Ferrous Metals	3.82%	3.92%	+0.10%
18	Axis Bank Limited ₹95.37 Cr	Banks	3.89%	3.95%	+0.06%
19	Marico Limited ₹50.30 Cr	Agricultural Food & other Products	2.02%	2.08%	+0.06%
20	Five Star Business Finance Limited ₹26.23 Cr	Finance	1.04%	1.09%	+0.05%
21	Vedanta Aluminium Metal Limited ₹47.96 Cr	Metals & Minerals Trading	1.94%	1.99%	+0.05%
22	HDFC Life Insurance Company Limited ₹33.44 Cr	Insurance	1.34%	1.38%	+0.04%
23	DEE Development Engineers Ltd ₹5.37 Cr	Industrial Manufacturing	0.18%	0.22%	+0.04%
24	Hindustan Unilever Limited ₹23.49 Cr	Diversified FMCG	0.95%	0.97%	+0.02%
25	Reliance Industries Limited ₹115.84 Cr	Petroleum Products	4.79%	4.80%	+0.01%
26	Larsen & Toubro Limited ₹70.48 Cr	Construction	2.91%	2.92%	+0.01%
27	Cummins India Limited ₹62.41 Cr	Industrial Products	2.57%	2.58%	+0.01%
28	Ambuja Cements Limited ₹58.39 Cr	Cement & Cement Products	2.41%	2.42%	+0.01%
29	DCB Bank Limited ₹33.75 Cr	Banks	1.39%	1.40%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	PB Fintech Limited ₹51.54 Cr	Financial Technology (Fintech)	3.13%	2.13%	-1.00%
2	GlaxoSmithKline Pharmaceuticals Limited ₹36.83 Cr	Pharmaceuticals & Biotechnology	1.97%	1.52%	-0.45%
3	L&T Finance Limited ₹71.56 Cr	Finance	3.33%	2.96%	-0.37%
4	Metropolis Healthcare Limited ₹102.55 Cr	Healthcare Services	4.57%	4.25%	-0.32%
5	Godrej Properties Limited ₹50.61 Cr	Realty	2.41%	2.10%	-0.31%
6	Shree Cement Limited ₹11.80 Cr	Cement & Cement Products	0.69%	0.49%	-0.20%
7	Gravita India Limited ₹25.67 Cr	Minerals & Mining	1.23%	1.06%	-0.17%
8	Lohia Corp Ltd ₹22.77 Cr	Industrial Manufacturing	1.10%	0.94%	-0.16%
9	Bajaj Finserv Limited ₹36.35 Cr	Finance	1.63%	1.50%	-0.13%
10	One 97 Communications Limited ₹46.98 Cr	Financial Technology (Fintech)	2.08%	1.95%	-0.13%
11	Shriram Finance Limited ₹56.79 Cr	Finance	2.46%	2.35%	-0.11%
12	Delhivery Limited ₹67.20 Cr	Transport Services	2.88%	2.78%	-0.10%
13	360 One WAM Limited ₹27.71 Cr	Capital Markets	1.21%	1.15%	-0.06%
14	Dixon Technologies (India) Limited ₹25.55 Cr	Consumer Durables	1.11%	1.06%	-0.05%
15	Bharat Forge Limited ₹46.61 Cr	Auto Components	1.96%	1.93%	-0.03%
16	SBI Cards and Payment Services Limited ₹19.16 Cr	Finance	0.82%	0.79%	-0.03%
17	Apollo Hospitals Enterprise Limited ₹47.15 Cr	Healthcare Services	1.97%	1.95%	-0.02%
18	Bayer Cropscience Limited ₹24.64 Cr	Fertilizers & Agrochemicals	1.04%	1.02%	-0.02%
19	Niva Bupa Health Insurance Company Limited ₹58.14 Cr	Insurance	2.43%	2.41%	-0.02%

What Stocks Does This Fund Hold?

49 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Reliance Industries Limited ₹115.84 Cr	Petroleum Products	4.80%
2	Metropolis Healthcare Limited ₹102.55 Cr	Healthcare Services	4.25%
3	Axis Bank Limited ₹95.37 Cr	Banks	3.95%
4	Jindal Steel Limited ₹94.60 Cr	Ferrous Metals	3.92%
5	HDFC Bank Limited ₹90.17 Cr	Banks	3.73%
6	L&T Finance Limited ₹71.56 Cr	Finance	2.96%
7	Larsen & Toubro Limited ₹70.48 Cr	Construction	2.92%
8	Delhivery Limited ₹67.20 Cr	Transport Services	2.78%
9	Cummins India Limited ₹62.41 Cr	Industrial Products	2.58%
10	Adani Energy Solutions Limited ₹61.12 Cr	Power	2.53%
11	Ratnamani Metals & Tubes Ltd. ₹60.83 Cr	Industrial Products	2.52%
12	Ambuja Cements Limited ₹58.39 Cr	Cement & Cement Products	2.42%
13	Niva Bupa Health Insurance Company Limited ₹58.14 Cr	Insurance	2.41%
14	Shriram Finance Limited ₹56.79 Cr	Finance	2.35%
15	Oil & Natural Gas Corporation Limited ₹51.65 Cr	Oil	2.14%
16	PB Fintech Limited ₹51.54 Cr	Financial Technology (Fintech)	2.13%
17	Godrej Properties Limited ₹50.61 Cr	Realty	2.10%
18	Marico Limited ₹50.30 Cr	Agricultural Food & other Products	2.08%
19	Tata Steel Limited ₹48.96 Cr	Ferrous Metals	2.03%
20	The Ramco Cements Limited ₹48.02 Cr	Cement & Cement Products	1.99%
21	Vedanta Aluminium Metal Limited ₹47.96 Cr	Metals & Minerals Trading	1.99%
22	SEDEMAC MECHATRONICS LTD ₹48.15 Cr	Auto Components	1.99%
23	One 97 Communications Limited ₹46.98 Cr	Financial Technology (Fintech)	1.95%
24	Apollo Hospitals Enterprise Limited ₹47.15 Cr	Healthcare Services	1.95%
25	Bharat Forge Limited ₹46.61 Cr	Auto Components	1.93%
26	Dr. Lal Path Labs Limited ₹46.67 Cr	Healthcare Services	1.93%
27	Graphite India Limited ₹45.82 Cr	Industrial Products	1.90%
28	Acme Solar Holdings Ltd ₹45.66 Cr	Power	1.89%
29	Adani Ports and Special Economic Zone Limited ₹44.63 Cr	Transport Infrastructure	1.85%
30	Nuvoco Vistas Corporation Limited ₹43.86 Cr	Cement & Cement Products	1.82%
31	Varun Beverages Limited ₹42.41 Cr	Beverages	1.76%
32	Abbott India Limited ₹39.48 Cr	Pharmaceuticals & Biotechnology	1.63%
33	GlaxoSmithKline Pharmaceuticals Limited ₹36.83 Cr	Pharmaceuticals & Biotechnology	1.52%
34	ICICI Lombard General Insurance Company Limited ₹36.34 Cr	Insurance	1.50%
35	Bajaj Finserv Limited ₹36.35 Cr	Finance	1.50%
36	DCB Bank Limited ₹33.75 Cr	Banks	1.40%
37	HDFC Life Insurance Company Limited ₹33.44 Cr	Insurance	1.38%
38	Hitachi Energy India Limited ₹31.24 Cr	Electrical Equipment	1.29%
39	Amber Enterprises India Limited ₹29.04 Cr	Consumer Durables	1.20%
40	360 One WAM Limited ₹27.71 Cr	Capital Markets	1.15%
41	Five Star Business Finance Limited ₹26.23 Cr	Finance	1.09%
42	Dixon Technologies (India) Limited ₹25.55 Cr	Consumer Durables	1.06%
43	Gravita India Limited ₹25.67 Cr	Minerals & Mining	1.06%
44	Bayer Cropscience Limited ₹24.64 Cr	Fertilizers & Agrochemicals	1.02%
45	Hindustan Unilever Limited ₹23.49 Cr	Diversified FMCG	0.97%
46	Lohia Corp Ltd ₹22.77 Cr	Industrial Manufacturing	0.94%
47	SBI Cards and Payment Services Limited ₹19.16 Cr	Finance	0.79%
48	Shree Cement Limited ₹11.80 Cr	Cement & Cement Products	0.49%
49	DEE Development Engineers Ltd ₹5.37 Cr	Industrial Manufacturing	0.22%