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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹2,557.99 Cr

Equity only, excl. debt & cash

Top 5 Weight

19.7%

Diversified

Top 10 Weight

34.0%

Diversified

Changes

6 new · 3 exits

Top Sector

Banks

11.6% of portfolio

📋 What Happened This Month Tata Business Cycle Fund made 6 new additions and exited 3 stocks this month. The biggest new buy was Dixon Technologies (India) Limited (Consumer Durables) at 1.06% weight. Lupin Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 2.38%. Among existing holdings, Metropolis Healthcare Limited saw the biggest increase — now at 4.33% of the portfolio. HDFC Bank Limited was trimmed the most, now at 3.07%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 11.6%. ↓ 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

+1.27%

+14.07%

+2.15%

+3.22%

Latest NAV

₹20.64

24 Jun 2026

52W High

₹20.71

-0% from High

52W Low

₹17.43

+18% 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

20.3%

+ve in 88% windows

63.2% / -9.6%

3Y Rolling Avg

21.6% 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)

0.86

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.19

Penalises downside volatility only.

Std Deviation (3Y)

14.5%

Lower = more consistent returns.

NAV Chart ₹20.64 24 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: ₹20.64

Sector Shift Industry allocation month-over-month

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%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	12.9%	11.6%	▼ -1.3%
Healthcare Services	7.5%	8.4%	▲ +0.9%
Finance	8.0%	7.9%	▼ -0.1%
Power	6.0%	6.9%	▲ +0.9%
Cement & Cement Products	6.7%	6.7%	● +0.1%
Ferrous Metals	6.0%	5.8%	▼ -0.2%
Insurance	5.0%	5.1%	▲ +0.2%
Petroleum Products	5.3%	4.8%	▼ -0.5%
Construction	4.5%	4.3%	▼ -0.2%
Financial Technology (Fintech)	3.7%	4.1%	▲ +0.4%

🟢

Biggest New Buy

Dixon Technologies (India) Limited

1.06% weight · Consumer Durables

🔴

Biggest Exit

Lupin Limited

2.38% was held · Pharmaceuticals & Biotechnology

↑

Biggest Add

Metropolis Healthcare Limited

+0.56% · now 4.33%

↓

Biggest Trim

HDFC Bank Limited

-1.18% · now 3.07%

🤝 Other funds also bought this month

Dixon Technologies (India) Limited 32 funds

Oil & Natural Gas Corporation Limited 25 funds

Bharat Forge Limited 17 funds

Hexaware Technologies Limited 12 funds

GlaxoSmithKline Pharmaceuticals Limited 9 funds

👋 Other funds also exited

Lupin Limited 25 funds

Havells India Limited 12 funds

PI Industries Limited 8 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 6 New Entries 🔴 3 Exits ↑ 23 Increased ↓ 20 Decreased

#	Stock	Sector	Weight (May 2026)
1	Dixon Technologies (India) Limited ₹28.23 Cr	Consumer Durables	1.06%
2	Oil & Natural Gas Corporation Limited ₹26.54 Cr	Oil	0.99%
3	Bharat Forge Limited ₹26.42 Cr	Auto Components	0.99%
4	GlaxoSmithKline Pharmaceuticals Limited ₹22.10 Cr	Pharmaceuticals & Biotechnology	0.83%
5	Hexaware Technologies Limited ₹11.16 Cr	IT - Software	0.42%
6	DEE Development Engineers Ltd ₹2.11 Cr	Industrial Manufacturing	0.08%

#	Stock	Sector	Last Weight (Apr 2026)
1	Lupin Limited ₹62.72 Cr	Pharmaceuticals & Biotechnology	2.38%
2	Havells India Limited ₹33.00 Cr	Consumer Durables	1.25%
3	PI Industries Limited ₹27.43 Cr	Fertilizers & Agrochemicals	1.04%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Metropolis Healthcare Limited ₹115.90 Cr	Healthcare Services	3.77%	4.33%	+0.56%
2	Adani Energy Solutions Limited ₹70.36 Cr	Power	2.11%	2.63%	+0.52%
3	NHPC Limited ₹26.82 Cr	Power	0.50%	1.00%	+0.50%
4	PB Fintech Limited ₹73.96 Cr	Financial Technology (Fintech)	2.36%	2.77%	+0.41%
5	SEDEMAC MECHATRONICS LTD ₹52.57 Cr	Auto Components	1.71%	1.97%	+0.26%
6	Emmvee Photovoltaic Power Ltd ₹36.03 Cr	Electrical Equipment	1.10%	1.35%	+0.25%
7	Graphite India Limited ₹32.68 Cr	Industrial Products	0.99%	1.22%	+0.23%
8	Dr. Lal Path Labs Limited ₹42.57 Cr	Healthcare Services	1.37%	1.59%	+0.22%
9	Vedanta Limited ₹26.15 Cr	Diversified Metals	0.76%	0.98%	+0.22%
10	Nuvoco Vistas Corporation Limited ₹38.83 Cr	Cement & Cement Products	1.25%	1.45%	+0.20%
11	Niva Bupa Health Insurance Company Limited ₹58.12 Cr	Insurance	2.02%	2.17%	+0.15%
12	Apollo Hospitals Enterprise Limited ₹65.34 Cr	Healthcare Services	2.31%	2.44%	+0.13%
13	Adani Ports and Special Economic Zone Limited ₹44.78 Cr	Transport Infrastructure	1.56%	1.67%	+0.11%
14	Marico Limited ₹52.59 Cr	Agricultural Food & other Products	1.88%	1.97%	+0.09%
15	360 One WAM Limited ₹29.71 Cr	Capital Markets	1.06%	1.11%	+0.05%
16	L&T Finance Limited ₹79.39 Cr	Finance	2.94%	2.97%	+0.03%
17	Varun Beverages Limited ₹51.84 Cr	Beverages	1.91%	1.94%	+0.03%
18	Shree Cement Limited ₹26.39 Cr	Cement & Cement Products	0.96%	0.99%	+0.03%
19	Larsen & Toubro Limited ₹82.53 Cr	Construction	3.08%	3.09%	+0.01%
20	Bank of Baroda ₹47.66 Cr	Banks	1.77%	1.78%	+0.01%
21	Acme Solar Holdings Ltd ₹38.61 Cr	Power	1.43%	1.44%	+0.01%
22	Bajaj Finserv Limited ₹37.46 Cr	Finance	1.39%	1.40%	+0.01%
23	One 97 Communications Limited ₹35.24 Cr	Financial Technology (Fintech)	1.31%	1.32%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	HDFC Bank Limited ₹82.07 Cr	Banks	4.25%	3.07%	-1.18%
2	Reliance Industries Limited ₹128.94 Cr	Petroleum Products	5.29%	4.82%	-0.47%
3	KEC International Limited ₹32.31 Cr	Construction	1.37%	1.21%	-0.16%
4	Adani Power Limited ₹49.40 Cr	Power	2.00%	1.85%	-0.15%
5	The Ramco Cements Limited ₹44.41 Cr	Cement & Cement Products	1.81%	1.66%	-0.15%
6	Bharat Heavy Electricals Limited ₹22.92 Cr	Electrical Equipment	1.00%	0.86%	-0.14%
7	Delhivery Limited ₹74.20 Cr	Transport Services	2.90%	2.77%	-0.13%
8	Jindal Steel Limited ₹100.62 Cr	Ferrous Metals	3.87%	3.76%	-0.11%
9	Godrej Properties Limited ₹54.78 Cr	Realty	2.16%	2.05%	-0.11%
10	ITC Limited ₹24.39 Cr	Diversified FMCG	1.01%	0.91%	-0.10%
11	DCB Bank Limited ₹29.07 Cr	Banks	1.17%	1.09%	-0.08%
12	Five Star Business Finance Limited ₹24.28 Cr	Finance	0.99%	0.91%	-0.08%
13	Bayer Cropscience Limited ₹27.48 Cr	Fertilizers & Agrochemicals	1.10%	1.03%	-0.07%
14	Tata Steel Limited ₹55.27 Cr	Ferrous Metals	2.13%	2.07%	-0.06%
15	Hindustan Unilever Limited ₹26.92 Cr	Diversified FMCG	1.07%	1.01%	-0.06%
16	Tata Capital Limited ₹14.76 Cr	Finance	0.61%	0.55%	-0.06%
17	Gravita India Limited ₹28.61 Cr	Minerals & Mining	1.10%	1.07%	-0.03%
18	Ambuja Cements Limited ₹69.92 Cr	Cement & Cement Products	2.63%	2.61%	-0.02%
19	Kotak Mahindra Bank Limited ₹52.39 Cr	Banks	1.98%	1.96%	-0.02%
20	Dabur India Limited ₹27.68 Cr	Personal Products	1.05%	1.03%	-0.02%

What Stocks Does This Fund Hold?

55 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Reliance Industries Limited ₹128.94 Cr	Petroleum Products	4.82%
2	Metropolis Healthcare Limited ₹115.90 Cr	Healthcare Services	4.33%
3	Jindal Steel Limited ₹100.62 Cr	Ferrous Metals	3.76%
4	Axis Bank Limited ₹100.08 Cr	Banks	3.74%
5	Larsen & Toubro Limited ₹82.53 Cr	Construction	3.09%
6	HDFC Bank Limited ₹82.07 Cr	Banks	3.07%
7	L&T Finance Limited ₹79.39 Cr	Finance	2.97%
8	Delhivery Limited ₹74.20 Cr	Transport Services	2.77%
9	PB Fintech Limited ₹73.96 Cr	Financial Technology (Fintech)	2.77%
10	Cummins India Limited ₹71.22 Cr	Industrial Products	2.66%
11	Adani Energy Solutions Limited ₹70.36 Cr	Power	2.63%
12	Ambuja Cements Limited ₹69.92 Cr	Cement & Cement Products	2.61%
13	Apollo Hospitals Enterprise Limited ₹65.34 Cr	Healthcare Services	2.44%
14	Niva Bupa Health Insurance Company Limited ₹58.12 Cr	Insurance	2.17%
15	Tata Steel Limited ₹55.27 Cr	Ferrous Metals	2.07%
16	Godrej Properties Limited ₹54.78 Cr	Realty	2.05%
17	Shriram Finance Limited ₹54.73 Cr	Finance	2.05%
18	Marico Limited ₹52.59 Cr	Agricultural Food & other Products	1.97%
19	SEDEMAC MECHATRONICS LTD ₹52.57 Cr	Auto Components	1.97%
20	Kotak Mahindra Bank Limited ₹52.39 Cr	Banks	1.96%
21	Varun Beverages Limited ₹51.84 Cr	Beverages	1.94%
22	Adani Power Limited ₹49.40 Cr	Power	1.85%
23	Bank of Baroda ₹47.66 Cr	Banks	1.78%
24	Adani Ports and Special Economic Zone Limited ₹44.78 Cr	Transport Infrastructure	1.67%
25	The Ramco Cements Limited ₹44.41 Cr	Cement & Cement Products	1.66%
26	Dr. Lal Path Labs Limited ₹42.57 Cr	Healthcare Services	1.59%
27	ICICI Lombard General Insurance Company Limited ₹40.96 Cr	Insurance	1.53%
28	Nuvoco Vistas Corporation Limited ₹38.83 Cr	Cement & Cement Products	1.45%
29	Acme Solar Holdings Ltd ₹38.61 Cr	Power	1.44%
30	HDFC Life Insurance Company Limited ₹38.17 Cr	Insurance	1.43%
31	Bajaj Finserv Limited ₹37.46 Cr	Finance	1.40%
32	Emmvee Photovoltaic Power Ltd ₹36.03 Cr	Electrical Equipment	1.35%
33	One 97 Communications Limited ₹35.24 Cr	Financial Technology (Fintech)	1.32%
34	Graphite India Limited ₹32.68 Cr	Industrial Products	1.22%
35	KEC International Limited ₹32.31 Cr	Construction	1.21%
36	360 One WAM Limited ₹29.71 Cr	Capital Markets	1.11%
37	DCB Bank Limited ₹29.07 Cr	Banks	1.09%
38	Gravita India Limited ₹28.61 Cr	Minerals & Mining	1.07%
39	Dixon Technologies (India) Limited ₹28.23 Cr	Consumer Durables	1.06%
40	Dabur India Limited ₹27.68 Cr	Personal Products	1.03%
41	Bayer Cropscience Limited ₹27.48 Cr	Fertilizers & Agrochemicals	1.03%
42	Hindustan Unilever Limited ₹26.92 Cr	Diversified FMCG	1.01%
43	NHPC Limited ₹26.82 Cr	Power	1.00%
44	Oil & Natural Gas Corporation Limited ₹26.54 Cr	Oil	0.99%
45	Bharat Forge Limited ₹26.42 Cr	Auto Components	0.99%
46	Shree Cement Limited ₹26.39 Cr	Cement & Cement Products	0.99%
47	Vedanta Limited ₹26.15 Cr	Diversified Metals	0.98%
48	ITC Limited ₹24.39 Cr	Diversified FMCG	0.91%
49	Five Star Business Finance Limited ₹24.28 Cr	Finance	0.91%
50	Bharat Heavy Electricals Limited ₹22.92 Cr	Electrical Equipment	0.86%
51	GlaxoSmithKline Pharmaceuticals Limited ₹22.10 Cr	Pharmaceuticals & Biotechnology	0.83%
52	Tata Capital Limited ₹14.76 Cr	Finance	0.55%
53	Hexaware Technologies Limited ₹11.16 Cr	IT - Software	0.42%
54	DEE Development Engineers Ltd ₹2.11 Cr	Industrial Manufacturing	0.08%
55	Kwality Walls (India) Limited ₹33.74 L	Food Products	0.01%