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 Aug 2026 Comparing Jul 2026 → Aug 2026

Share: WhatsApp X

⌕

Stocks Held

Aug 2026

Equity Holdings

₹2,591.33 Cr

Equity only, excl. debt & cash

AAUM

₹2,579.80 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

25.2%

Moderate

Top 10 Weight

39.9%

Diversified

Changes

5 new · 1 exits

Top Sector

Banks

16.9% of portfolio

Launch Date

11 Nov 2022

4 years old

AAUM (Average Assets Under Management) of ₹2,579.80 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 HDFC Business Cycle Fund made 5 new additions and exited 1 stock this month. The biggest new buy was Dhoot Transmission Ltd (Automobile and Auto Components) at 1.22% weight. Sagility Limited was the biggest exit (IT - Services), which was held at 0.71%. Among existing holdings, Pearl Global Industries Limited saw the biggest increase — now at 3.00% of the portfolio. Fortis Healthcare Limited was trimmed the most, now at 1.92%. Bharti Airtel Limited remains the top holding with Banks the dominant sector at 16.9%. ↓ 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

+0.20%

+6.14%

+19.43%

+3.77%

Latest NAV

₹16.11

11 Sep 2026

52W High

₹16.25

-1% from High

52W Low

₹13.10

+23% 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

15.2%

+ve in 94% windows

41.9% / -5.2%

3Y Rolling Avg

13.9% 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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.46

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.65

Penalises downside volatility only.

Std Deviation (3Y)

13.7%

Lower = more consistent returns.

NAV Chart ₹16.11 11 Sep 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: ₹16.11

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	17.7%	16.8%	▼ -0.9%
Finance	11.0%	9.5%	▼ -1.5%
Retailing	10.5%	7.8%	▼ -2.8%
Pharmaceuticals & Biotechnology	7.2%	7.1%	● -0.1%
Telecom - Services	5.9%	6.2%	▲ +0.3%
Consumer Durables	4.5%	4.8%	▲ +0.4%
Power	4.6%	4.4%	▼ -0.2%
Healthcare Services	4.4%	4.1%	▼ -0.3%
Chemicals & Petrochemicals	3.8%	4.1%	▲ +0.3%
Leisure Services	2.6%	3.0%	▲ +0.4%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	16.8%	16.9%	● +0.1%
Finance	9.5%	9.2%	▼ -0.3%
Retailing	7.8%	7.9%	▲ +0.1%
Pharmaceuticals & Biotechnology	7.1%	7.9%	▲ +0.8%
Telecom - Services	6.2%	5.6%	▼ -0.6%
Consumer Durables	4.8%	5.0%	▲ +0.1%
Power	4.4%	4.3%	● -0.1%
Chemicals & Petrochemicals	4.1%	4.1%	● 0.0%
Leisure Services	3.0%	3.4%	▲ +0.4%
Transport Services	2.8%	3.3%	▲ +0.5%

🟢

Biggest New Buy

Dhoot Transmission Ltd

1.22% weight · Automobile and Auto Components

🔴

Biggest Exit

Sagility Limited

0.71% was held · IT - Services

↑

Biggest Add

Pearl Global Industries Limited

+0.45% · now 3.00%

↓

Biggest Trim

Fortis Healthcare Limited

-1.03% · now 1.92%

🤝 Other funds also bought this month

Dhoot Transmission Ltd 67 funds

Shiprocket Limited 52 funds

Torrent Pharmaceuticals Limited 32 funds

Tempsens Instruments (India) Limited 23 funds

Lumino Industries Limited 19 funds

👋 Other funds also exited

Sagility Limited 11 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 5 New Entries 🔴 1 Exit ↑ 24 Increased ↓ 32 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Dhoot Transmission Ltd ₹33.86 Cr	Automobile and Auto Components	1.22%
2	Torrent Pharmaceuticals Limited ₹15.20 Cr	Pharmaceuticals & Biotechnology	0.55%
3	Shiprocket Limited ₹14.36 Cr	Transport Services	0.52%
4	Tempsens Instruments (India) Limited ₹6.51 Cr	Industrial Manufacturing	0.23%
5	Lumino Industries Limited ₹5.39 Cr	Miscellaneous	0.19%

#	Stock	Sector	Last Weight (Jul 2026)
1	Sagility Limited ₹19.48 Cr	IT - Services	0.71%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Pearl Global Industries Limited ₹83.37 Cr	Textiles & Apparels	2.55%	3.00%	+0.45%
2	Anthem Biosciences Limited ₹119.23 Cr	Pharmaceuticals & Biotechnology	3.94%	4.30%	+0.36%
3	Kotak Mahindra Bank Limited ₹141.38 Cr	Banks	4.80%	5.10%	+0.30%
4	PB Fintech Limited ₹45.65 Cr	Financial Technology (Fintech)	1.42%	1.65%	+0.23%
5	Bosch Limited ₹35.00 Cr	Auto Components	1.05%	1.26%	+0.21%
6	Eternal Limited ₹77.62 Cr	Retailing	2.61%	2.80%	+0.19%
7	Le Travenues Technology Ltd ₹31.08 Cr	Leisure Services	0.95%	1.12%	+0.17%
8	Titan Company Limited ₹131.34 Cr	Consumer Durables	4.58%	4.73%	+0.15%
9	Acme Solar Holdings Ltd ₹49.24 Cr	Power	1.62%	1.77%	+0.15%
10	Leela Palaces Hotels & Resorts Limited ₹31.03 Cr	Leisure Services	0.98%	1.12%	+0.14%
11	Chalet Hotels Limited ₹32.84 Cr	Leisure Services	1.08%	1.18%	+0.10%
12	Bajaj Auto Limited ₹65.89 Cr	Automobiles	2.28%	2.37%	+0.09%
13	Vishal Mega Mart Limited ₹73.01 Cr	Retailing	2.58%	2.63%	+0.05%
14	Global Health Limited ₹33.29 Cr	Healthcare Services	1.15%	1.20%	+0.05%
15	CG Power and Industrial Solutions Limited ₹24.96 Cr	Electrical Equipment	0.86%	0.90%	+0.04%
16	GE Vernova T&D India Limited ₹46.31 Cr	Electrical Equipment	1.64%	1.67%	+0.03%
17	Axis Bank Limited ₹16.79 Cr	Banks	0.58%	0.61%	+0.03%
18	Aether Industries Limited ₹85.44 Cr	Chemicals & Petrochemicals	3.06%	3.08%	+0.02%
19	Sona BLW Precision Forgings Limited ₹14.63 Cr	Auto Components	0.51%	0.53%	+0.02%
20	Shriram Finance Limited ₹12.11 Cr	Finance	0.42%	0.44%	+0.02%
21	Ola Electric Mobility Ltd ₹11.14 Cr	Automobiles	0.38%	0.40%	+0.02%
22	Tata Motors Ltd ₹6.83 Cr	Agricultural, Commercial & Construction Vehicles	0.23%	0.25%	+0.02%
23	Bharat Dynamics Limited ₹39.55 Cr	Aerospace & Defense	1.42%	1.43%	+0.01%
24	Afcons Infrastructure Limited ₹3.78 Cr	Construction	0.13%	0.14%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Fortis Healthcare Limited ₹53.16 Cr	Healthcare Services	2.95%	1.92%	-1.03%
2	Bharti Airtel Limited ₹155.28 Cr	Telecom - Services	6.17%	5.60%	-0.57%
3	HDFC Bank Limited ₹85.79 Cr	Banks	3.31%	3.09%	-0.22%
4	Clean Max Enviro Energy Solutions Limited # ₹59.21 Cr	Power	2.32%	2.13%	-0.19%
5	Aadhar Housing Finance Limited ₹61.76 Cr	Finance	2.39%	2.23%	-0.16%
6	Aptus Value Housing Finance India Limited ₹49.54 Cr	Finance	1.90%	1.79%	-0.11%
7	PNC Infratech Limited ₹9.67 Cr	Construction	0.46%	0.35%	-0.11%
8	Eris Lifesciences Limited ₹48.75 Cr	Pharmaceuticals & Biotechnology	1.86%	1.76%	-0.10%
9	KSB Limited ₹32.80 Cr	Industrial Products	1.27%	1.18%	-0.09%
10	Home First Finance Company India Limited ₹62.31 Cr	Finance	2.32%	2.25%	-0.07%
11	Brainbees Solutions Ltd ₹10.43 Cr	Retailing	0.44%	0.38%	-0.06%
12	Swiggy Limited ₹57.70 Cr	Retailing	2.13%	2.08%	-0.05%
13	Adani Ports and Special Economic Zone Limited ₹19.04 Cr	Transport Infrastructure	0.74%	0.69%	-0.05%
14	Wework India Management Limited ₹13.63 Cr	Commercial Services & Supplies	0.54%	0.49%	-0.05%
15	Mankind Pharma Limited ₹34.93 Cr	Pharmaceuticals & Biotechnology	1.30%	1.26%	-0.04%
16	Indo-MIM Limited ₹9.02 Cr	Industrial Manufacturing	0.37%	0.33%	-0.04%
17	ICICI Prudential Asset Management Company Limited ₹32.96 Cr	Capital Markets	1.22%	1.19%	-0.03%
18	SRF Limited ₹27.66 Cr	Chemicals & Petrochemicals	1.03%	1.00%	-0.03%
19	RHI Magnesita India Limited ₹13.07 Cr	Industrial Products	0.50%	0.47%	-0.03%
20	JSW Energy Limited ₹10.86 Cr	Power	0.42%	0.39%	-0.03%
21	Awfis Space Solutions Limited ₹8.33 Cr	Commercial Services & Supplies	0.33%	0.30%	-0.03%
22	Ambuja Cements Limited ₹8.05 Cr	Cement & Cement Products	0.32%	0.29%	-0.03%
23	Crompton Greaves Consumer Electricals Limited ₹6.35 Cr	Consumer Durables	0.26%	0.23%	-0.03%
24	SULA VINEYARDS LIMITED ₹5.74 Cr	Beverages	0.24%	0.21%	-0.03%
25	Cholamandalam Investment and Finance Company Ltd ₹69.04 Cr	Finance	2.51%	2.49%	-0.02%
26	IndusInd Bank Limited ₹66.79 Cr	Banks	2.43%	2.41%	-0.02%
27	Grindwell Norton Limited ₹7.27 Cr	Industrial Products	0.28%	0.26%	-0.02%
28	InterGlobe Aviation Limited ₹76.42 Cr	Transport Services	2.76%	2.75%	-0.01%
29	Timken India Limited ₹22.63 Cr	Industrial Products	0.83%	0.82%	-0.01%
30	G R Infraprojects Limited ₹14.95 Cr	Construction	0.55%	0.54%	-0.01%
31	Ceigall India Ltd ₹5.88 Cr	Construction	0.22%	0.21%	-0.01%
32	Star Health And Allied Insurance Company Limited ₹4.22 Cr	Insurance	0.16%	0.15%	-0.01%

What Stocks Does This Fund Hold?

64 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	Bharti Airtel Limited ₹155.28 Cr	Telecom - Services	5.60%
2	ICICI Bank Limited ₹151.51 Cr	Banks	5.46%
3	Kotak Mahindra Bank Limited ₹141.38 Cr	Banks	5.10%
4	Titan Company Limited ₹131.34 Cr	Consumer Durables	4.73%
5	Anthem Biosciences Limited ₹119.23 Cr	Pharmaceuticals & Biotechnology	4.30%
6	HDFC Bank Limited ₹85.79 Cr	Banks	3.09%
7	Aether Industries Limited ₹85.44 Cr	Chemicals & Petrochemicals	3.08%
8	Pearl Global Industries Limited ₹83.37 Cr	Textiles & Apparels	3.00%
9	Eternal Limited ₹77.62 Cr	Retailing	2.80%
10	InterGlobe Aviation Limited ₹76.42 Cr	Transport Services	2.75%
11	Vishal Mega Mart Limited ₹73.01 Cr	Retailing	2.63%
12	Cholamandalam Investment and Finance Company Ltd ₹69.04 Cr	Finance	2.49%
13	IndusInd Bank Limited ₹66.79 Cr	Banks	2.41%
14	Bajaj Auto Limited ₹65.89 Cr	Automobiles	2.37%
15	Home First Finance Company India Limited ₹62.31 Cr	Finance	2.25%
16	Aadhar Housing Finance Limited ₹61.76 Cr	Finance	2.23%
17	Clean Max Enviro Energy Solutions Limited # ₹59.21 Cr	Power	2.13%
18	Swiggy Limited ₹57.70 Cr	Retailing	2.08%
19	Fortis Healthcare Limited ₹53.16 Cr	Healthcare Services	1.92%
20	Aptus Value Housing Finance India Limited ₹49.54 Cr	Finance	1.79%
21	Acme Solar Holdings Ltd ₹49.24 Cr	Power	1.77%
22	Eris Lifesciences Limited ₹48.75 Cr	Pharmaceuticals & Biotechnology	1.76%
23	GE Vernova T&D India Limited ₹46.31 Cr	Electrical Equipment	1.67%
24	PB Fintech Limited ₹45.65 Cr	Financial Technology (Fintech)	1.65%
25	Bharat Dynamics Limited ₹39.55 Cr	Aerospace & Defense	1.43%
26	Mankind Pharma Limited ₹34.93 Cr	Pharmaceuticals & Biotechnology	1.26%
27	Bosch Limited ₹35.00 Cr	Auto Components	1.26%
28	Dhoot Transmission Ltd ₹33.86 Cr	Automobile and Auto Components	1.22%
29	Global Health Limited ₹33.29 Cr	Healthcare Services	1.20%
30	ICICI Prudential Asset Management Company Limited ₹32.96 Cr	Capital Markets	1.19%
31	Chalet Hotels Limited ₹32.84 Cr	Leisure Services	1.18%
32	KSB Limited ₹32.80 Cr	Industrial Products	1.18%
33	Leela Palaces Hotels & Resorts Limited ₹31.03 Cr	Leisure Services	1.12%
34	Le Travenues Technology Ltd ₹31.08 Cr	Leisure Services	1.12%
35	SRF Limited ₹27.66 Cr	Chemicals & Petrochemicals	1.00%
36	CG Power and Industrial Solutions Limited ₹24.96 Cr	Electrical Equipment	0.90%
37	Timken India Limited ₹22.63 Cr	Industrial Products	0.82%
38	Adani Ports and Special Economic Zone Limited ₹19.04 Cr	Transport Infrastructure	0.69%
39	Axis Bank Limited ₹16.79 Cr	Banks	0.61%
40	Torrent Pharmaceuticals Limited ₹15.20 Cr	Pharmaceuticals & Biotechnology	0.55%
41	G R Infraprojects Limited ₹14.95 Cr	Construction	0.54%
42	Sona BLW Precision Forgings Limited ₹14.63 Cr	Auto Components	0.53%
43	Shiprocket Limited ₹14.36 Cr	Transport Services	0.52%
44	Wework India Management Limited ₹13.63 Cr	Commercial Services & Supplies	0.49%
45	RHI Magnesita India Limited ₹13.07 Cr	Industrial Products	0.47%
46	Shriram Finance Limited ₹12.11 Cr	Finance	0.44%
47	Ola Electric Mobility Ltd ₹11.14 Cr	Automobiles	0.40%
48	JSW Energy Limited ₹10.86 Cr	Power	0.39%
49	Brainbees Solutions Ltd ₹10.43 Cr	Retailing	0.38%
50	PNC Infratech Limited ₹9.67 Cr	Construction	0.35%
51	Indo-MIM Limited ₹9.02 Cr	Industrial Manufacturing	0.33%
52	Awfis Space Solutions Limited ₹8.33 Cr	Commercial Services & Supplies	0.30%
53	Ambuja Cements Limited ₹8.05 Cr	Cement & Cement Products	0.29%
54	Grindwell Norton Limited ₹7.27 Cr	Industrial Products	0.26%
55	Tata Motors Ltd ₹6.83 Cr	Agricultural, Commercial & Construction Vehicles	0.25%
56	Tempsens Instruments (India) Limited ₹6.51 Cr	Industrial Manufacturing	0.23%
57	Crompton Greaves Consumer Electricals Limited ₹6.35 Cr	Consumer Durables	0.23%
58	AU Small Finance Bank Limited ₹5.95 Cr	Banks	0.21%
59	Ceigall India Ltd ₹5.88 Cr	Construction	0.21%
60	SULA VINEYARDS LIMITED ₹5.74 Cr	Beverages	0.21%
61	Lumino Industries Limited ₹5.39 Cr	Miscellaneous	0.19%
62	Star Health And Allied Insurance Company Limited ₹4.22 Cr	Insurance	0.15%
63	Afcons Infrastructure Limited ₹3.78 Cr	Construction	0.14%
64	Godrej Properties Limited ₹3.76 Cr	Realty	0.14%