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 Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹2,509.61 Cr

Equity only, excl. debt & cash

Top 5 Weight

20.9%

Diversified

Top 10 Weight

35.1%

Diversified

Changes

2 new · 1 exits

Top Sector

Banks

12.9% of portfolio

📋 What Happened This Month Tata Business Cycle Fund made 2 new additions and exited 1 stock this month. The biggest new buy was Bharat Heavy Electricals Limited (Electrical Equipment) at 1.00% weight. Vedant Fashions Limited was the biggest exit (Retailing), which was held at 0.44%. Among existing holdings, Tata Steel Limited saw the biggest increase — now at 2.13% of the portfolio. Reliance Industries Limited was trimmed the most, now at 5.29%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 12.9%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-1.83%

+4.55%

-1.58%

+1.90%

Latest NAV

₹19.98

04 Jun 2026

52W High

₹20.69

-3% from High

52W Low

₹17.43

+15% 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

20.5%

+ve in 88% windows

63.2% / -9.6%

3Y Rolling Avg

21.7% p.a.

+ve in 100% windows

29.5% / 14.8%

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. What do these mean? →

Sharpe Ratio (3Y)

0.83

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.14

Penalises downside volatility only.

Std Deviation (3Y)

14.4%

Lower = more consistent returns.

NAV Chart ₹19.98 04 Jun 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: ₹19.98

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	14.1%	13.3%	▼ -0.8%
Cement & Cement Products	8.5%	8.1%	▼ -0.4%
Healthcare Services	7.1%	7.8%	▲ +0.7%
Finance	8.6%	7.7%	▼ -0.9%
Petroleum Products	6.2%	7.1%	▲ +0.9%
Ferrous Metals	6.0%	6.3%	▲ +0.2%
Insurance	5.2%	5.3%	● +0.1%
Power	3.8%	5.1%	▲ +1.3%
Construction	4.6%	4.4%	▼ -0.2%
Financial Technology (Fintech)	3.0%	3.5%	▲ +0.5%

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	13.3%	12.9%	▼ -0.4%
Finance	7.7%	8.0%	▲ +0.3%
Healthcare Services	7.8%	7.5%	▼ -0.4%
Cement & Cement Products	8.1%	6.7%	▼ -1.4%
Power	5.1%	6.0%	▲ +1.0%
Ferrous Metals	6.3%	6.0%	▼ -0.3%
Petroleum Products	7.1%	5.3%	▼ -1.8%
Insurance	5.3%	5.0%	▼ -0.3%
Construction	4.4%	4.5%	● +0.1%
Financial Technology (Fintech)	3.5%	3.7%	▲ +0.1%

🟢

Biggest New Buy

Bharat Heavy Electricals Limited

1.00% weight · Electrical Equipment

🔴

Biggest Exit

Vedant Fashions Limited

0.44% was held · Retailing

↑

Biggest Add

Tata Steel Limited

+0.52% · now 2.13%

↓

Biggest Trim

Reliance Industries Limited

-1.79% · now 5.29%

🤝 Other funds also bought this month

Bharat Heavy Electricals Limited 33 funds

NHPC Limited 16 funds

👋 Other funds also exited

Vedant Fashions Limited 6 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 2 New Entries 🔴 1 Exit ↑ 19 Increased ↓ 29 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Bharat Heavy Electricals Limited ₹26.43 Cr	Electrical Equipment	1.00%
2	NHPC Limited ₹13.31 Cr	Power	0.50%

#	Stock	Sector	Last Weight (Mar 2026)
1	Vedant Fashions Limited ₹10.31 Cr	Retailing	0.44%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Tata Steel Limited ₹56.15 Cr	Ferrous Metals	1.61%	2.13%	+0.52%
2	Five Star Business Finance Limited ₹26.16 Cr	Finance	0.65%	0.99%	+0.34%
3	Adani Power Limited ₹52.80 Cr	Power	1.67%	2.00%	+0.33%
4	Varun Beverages Limited ₹50.43 Cr	Beverages	1.59%	1.91%	+0.32%
5	Godrej Properties Limited ₹57.04 Cr	Realty	1.93%	2.16%	+0.23%
6	Adani Ports and Special Economic Zone Limited ₹41.13 Cr	Transport Infrastructure	1.38%	1.56%	+0.18%
7	SEDEMAC MECHATRONICS LTD ₹45.12 Cr	Auto Components	1.57%	1.71%	+0.14%
8	L&T Finance Limited ₹77.49 Cr	Finance	2.81%	2.94%	+0.13%
9	Cummins India Limited ₹70.10 Cr	Industrial Products	2.53%	2.66%	+0.13%
10	PB Fintech Limited ₹62.26 Cr	Financial Technology (Fintech)	2.25%	2.36%	+0.11%
11	Gravita India Limited ₹28.91 Cr	Minerals & Mining	0.99%	1.10%	+0.11%
12	Larsen & Toubro Limited ₹81.27 Cr	Construction	3.00%	3.08%	+0.08%
13	Adani Energy Solutions Limited ₹55.69 Cr	Power	2.03%	2.11%	+0.08%
14	DCB Bank Limited ₹30.96 Cr	Banks	1.11%	1.17%	+0.06%
15	Acme Solar Holdings Ltd ₹37.70 Cr	Power	1.38%	1.43%	+0.05%
16	One 97 Communications Limited ₹34.52 Cr	Financial Technology (Fintech)	1.28%	1.31%	+0.03%
17	Graphite India Limited ₹26.14 Cr	Industrial Products	0.96%	0.99%	+0.03%
18	Delhivery Limited ₹76.61 Cr	Transport Services	2.89%	2.90%	+0.01%
19	PI Industries Limited ₹27.43 Cr	Fertilizers & Agrochemicals	1.03%	1.04%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Reliance Industries Limited ₹139.64 Cr	Petroleum Products	7.08%	5.29%	-1.79%
2	Vedanta Limited ₹20.14 Cr	Diversified Metals	2.05%	0.76%	-1.29%
3	Shree Cement Limited ₹25.26 Cr	Cement & Cement Products	2.13%	0.96%	-1.17%
4	Jindal Steel Limited ₹101.95 Cr	Ferrous Metals	4.67%	3.87%	-0.80%
5	Lupin Limited ₹62.72 Cr	Pharmaceuticals & Biotechnology	3.10%	2.38%	-0.72%
6	HDFC Bank Limited ₹112.07 Cr	Banks	4.49%	4.25%	-0.24%
7	Apollo Hospitals Enterprise Limited ₹61.02 Cr	Healthcare Services	2.51%	2.31%	-0.20%
8	The Ramco Cements Limited ₹47.67 Cr	Cement & Cement Products	1.98%	1.81%	-0.17%
9	HDFC Life Insurance Company Limited ₹37.66 Cr	Insurance	1.60%	1.43%	-0.17%
10	Emmvee Photovoltaic Power Ltd ₹29.06 Cr	Electrical Equipment	1.27%	1.10%	-0.17%
11	ICICI Lombard General Insurance Company Limited ₹40.30 Cr	Insurance	1.65%	1.53%	-0.12%
12	Marico Limited ₹49.60 Cr	Agricultural Food & other Products	1.99%	1.88%	-0.11%
13	Dr. Lal Path Labs Limited ₹36.21 Cr	Healthcare Services	1.47%	1.37%	-0.10%
14	Bayer Cropscience Limited ₹29.03 Cr	Fertilizers & Agrochemicals	1.20%	1.10%	-0.10%
15	Bank of Baroda ₹46.76 Cr	Banks	1.86%	1.77%	-0.09%
16	Havells India Limited ₹33.00 Cr	Consumer Durables	1.34%	1.25%	-0.09%
17	Axis Bank Limited ₹98.66 Cr	Banks	3.82%	3.74%	-0.08%
18	Shriram Finance Limited ₹54.17 Cr	Finance	2.13%	2.05%	-0.08%
19	Nuvoco Vistas Corporation Limited ₹33.05 Cr	Cement & Cement Products	1.32%	1.25%	-0.07%
20	Metropolis Healthcare Limited ₹99.45 Cr	Healthcare Services	3.83%	3.77%	-0.06%
21	Kotak Mahindra Bank Limited ₹52.27 Cr	Banks	2.04%	1.98%	-0.06%
22	Bajaj Finserv Limited ₹36.69 Cr	Finance	1.45%	1.39%	-0.06%
23	KEC International Limited ₹36.25 Cr	Construction	1.40%	1.37%	-0.03%
24	Dabur India Limited ₹27.56 Cr	Personal Products	1.08%	1.05%	-0.03%
25	Ambuja Cements Limited ₹69.35 Cr	Cement & Cement Products	2.65%	2.63%	-0.02%
26	Hindustan Unilever Limited ₹28.14 Cr	Diversified FMCG	1.09%	1.07%	-0.02%
27	360 One WAM Limited ₹27.83 Cr	Capital Markets	1.08%	1.06%	-0.02%
28	ITC Limited ₹26.77 Cr	Diversified FMCG	1.03%	1.01%	-0.02%
29	Tata Capital Limited ₹16.07 Cr	Finance	0.62%	0.61%	-0.01%

Full Portfolio

52 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Reliance Industries Limited ₹139.64 Cr	Petroleum Products	5.29%
2	HDFC Bank Limited ₹112.07 Cr	Banks	4.25%
3	Jindal Steel Limited ₹101.95 Cr	Ferrous Metals	3.87%
4	Metropolis Healthcare Limited ₹99.45 Cr	Healthcare Services	3.77%
5	Axis Bank Limited ₹98.66 Cr	Banks	3.74%
6	Larsen & Toubro Limited ₹81.27 Cr	Construction	3.08%
7	L&T Finance Limited ₹77.49 Cr	Finance	2.94%
8	Delhivery Limited ₹76.61 Cr	Transport Services	2.90%
9	Cummins India Limited ₹70.10 Cr	Industrial Products	2.66%
10	Ambuja Cements Limited ₹69.35 Cr	Cement & Cement Products	2.63%
11	Lupin Limited ₹62.72 Cr	Pharmaceuticals & Biotechnology	2.38%
12	PB Fintech Limited ₹62.26 Cr	Financial Technology (Fintech)	2.36%
13	Apollo Hospitals Enterprise Limited ₹61.02 Cr	Healthcare Services	2.31%
14	Godrej Properties Limited ₹57.04 Cr	Realty	2.16%
15	Tata Steel Limited ₹56.15 Cr	Ferrous Metals	2.13%
16	Adani Energy Solutions Limited ₹55.69 Cr	Power	2.11%
17	Shriram Finance Limited ₹54.17 Cr	Finance	2.05%
18	Niva Bupa Health Insurance Company Limited ₹53.29 Cr	Insurance	2.02%
19	Adani Power Limited ₹52.80 Cr	Power	2.00%
20	Kotak Mahindra Bank Limited ₹52.27 Cr	Banks	1.98%
21	Varun Beverages Limited ₹50.43 Cr	Beverages	1.91%
22	Marico Limited ₹49.60 Cr	Agricultural Food & other Products	1.88%
23	The Ramco Cements Limited ₹47.67 Cr	Cement & Cement Products	1.81%
24	Bank of Baroda ₹46.76 Cr	Banks	1.77%
25	SEDEMAC MECHATRONICS LTD ₹45.12 Cr	Auto Components	1.71%
26	Adani Ports and Special Economic Zone Limited ₹41.13 Cr	Transport Infrastructure	1.56%
27	ICICI Lombard General Insurance Company Limited ₹40.30 Cr	Insurance	1.53%
28	HDFC Life Insurance Company Limited ₹37.66 Cr	Insurance	1.43%
29	Acme Solar Holdings Ltd ₹37.70 Cr	Power	1.43%
30	Bajaj Finserv Limited ₹36.69 Cr	Finance	1.39%
31	KEC International Limited ₹36.25 Cr	Construction	1.37%
32	Dr. Lal Path Labs Limited ₹36.21 Cr	Healthcare Services	1.37%
33	One 97 Communications Limited ₹34.52 Cr	Financial Technology (Fintech)	1.31%
34	Nuvoco Vistas Corporation Limited ₹33.05 Cr	Cement & Cement Products	1.25%
35	Havells India Limited ₹33.00 Cr	Consumer Durables	1.25%
36	DCB Bank Limited ₹30.96 Cr	Banks	1.17%
37	Emmvee Photovoltaic Power Ltd ₹29.06 Cr	Electrical Equipment	1.10%
38	Bayer Cropscience Limited ₹29.03 Cr	Fertilizers & Agrochemicals	1.10%
39	Gravita India Limited ₹28.91 Cr	Minerals & Mining	1.10%
40	Hindustan Unilever Limited ₹28.14 Cr	Diversified FMCG	1.07%
41	360 One WAM Limited ₹27.83 Cr	Capital Markets	1.06%
42	Dabur India Limited ₹27.56 Cr	Personal Products	1.05%
43	PI Industries Limited ₹27.43 Cr	Fertilizers & Agrochemicals	1.04%
44	ITC Limited ₹26.77 Cr	Diversified FMCG	1.01%
45	Bharat Heavy Electricals Limited ₹26.43 Cr	Electrical Equipment	1.00%
46	Five Star Business Finance Limited ₹26.16 Cr	Finance	0.99%
47	Graphite India Limited ₹26.14 Cr	Industrial Products	0.99%
48	Shree Cement Limited ₹25.26 Cr	Cement & Cement Products	0.96%
49	Vedanta Limited ₹20.14 Cr	Diversified Metals	0.76%
50	Tata Capital Limited ₹16.07 Cr	Finance	0.61%
51	NHPC Limited ₹13.31 Cr	Power	0.50%
52	Kwality Walls (India) Limited ₹34.04 L	Food Products	0.01%