DSP Business Cycle Fund holds 51 instruments (84.3% equity), led by ICICI Bank Limited (9.42%), HDFC Bank Limited (9.03%) and Axis Bank Limited (5.72%), as of its 31 July 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of DSP Business Cycle Fund, managed by DSP Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 51 instruments with an equity allocation of 84.3%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
DSP Business Cycle Fund's top 10 holdings account for 49.03% of its portfolio, in line with the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 31.56% of net assets, spread across 10 sectors in total. Since its 30 June 2026 disclosure, the fund added 5 new positions and exited 2 positions, with Bharti Airtel Limited seeing the largest move (+1.59pp to 4.49%).
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| Bharti Airtel Limited | 2.9% → 4.49% | ▲ +1.59 |
| NTPC Limited | 2.51% → 3.07% | ▲ +0.56 |
| Page Industries Limited | 0.64% → 1.19% | ▲ +0.55 |
| Reliance Industries Limited | 3.18% → 3.62% | ▲ +0.44 |
| Larsen & Toubro Limited | 3.96% → 4.29% | ▲ +0.33 |
| HDFC Life Insurance Company Limited | 1.57% → 1.79% | ▲ +0.22 |
| Hyundai Motor India Limited | 1.43% → 1.64% | ▲ +0.21 |
| InterGlobe Aviation Limited | 0.82% → 1.01% | ▲ +0.19 |
| Oil & Natural Gas Corporation Limited | 0.76% → 0.94% | ▲ +0.18 |
| ICICI Bank Limited | 9.24% → 9.42% | ▲ +0.18 |
| Stock | Weight | Change |
|---|---|---|
| Axis Bank Limited | 6.91% → 5.72% | ▼ -1.19 |
| Carborundum Universal Limited | 1% → 0.76% | ▼ -0.24 |
| TVS Motor Company Limited | 0.64% → 0.43% | ▼ -0.21 |
| Schaeffler India Limited | 1.55% → 1.37% | ▼ -0.18 |
| Maruti Suzuki India Limited | 2.91% → 2.77% | ▼ -0.14 |
| Multi Commodity Exchange of India Limited | 0.95% → 0.82% | ▼ -0.13 |
| Max Financial Services Limited | 0.91% → 0.78% | ▼ -0.13 |
| HDFC Bank Limited | 9.15% → 9.03% | ▼ -0.12 |
| Apollo Tyres Limited | 0.97% → 0.87% | ▼ -0.1 |
| DLF Limited | 2.79% → 2.69% | ▼ -0.1 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | TREPS / Reverse Repo Investmentstreps | — | 13.91% |
| 2 | ICICI Bank Limited | Financial Services | 9.42% |
| 3 | HDFC Bank Limited | Financial Services | 9.03% |
| 4 | NIFTYother | — | 7.95% |
| 5 | Axis Bank Limited | Financial Services | 5.72% |
| 6 | Bharti Airtel Limited | Telecommunication | 4.49% |
| 7 | Larsen & Toubro Limited | Industrials | 4.29% |
| 8 | Mahindra & Mahindra Limited | Consumer Discretionary | 3.66% |
| 9 | Reliance Industries Limited | Energy | 3.62% |
| 10 | NTPC Limited | Utilities | 3.07% |
| 11 | UltraTech Cement Limited | Materials | 2.96% |
| 12 | Maruti Suzuki India Limited | Consumer Discretionary | 2.77% |
| 13 | Asian Paints Limited | Consumer Discretionary | 2.75% |
| 14 | DLF Limited | Real Estate | 2.69% |
| 15 | Hero MotoCorp Limited | Consumer Discretionary | 2.35% |
| 16 | Cash Marginother | — | 1.8% |
| 17 | HDFC Life Insurance Company Limited | Financial Services | 1.79% |
| 18 | Hyundai Motor India Limited | Consumer Discretionary | 1.64% |
| 19 | Voltas Limited | Consumer Discretionary | 1.55% |
| 20 | Schaeffler India Limited | Consumer Discretionary | 1.37% |
| 21 | SHREE CEMENT LIMITED | Materials | 1.3% |
| 22 | Page Industries Limited | Consumer Discretionary | 1.19% |
| 23 | Power Grid Corporation of India Limited | Utilities | 1.14% |
| 24 | Info Edge (India) Limited | Consumer Discretionary | 1.13% |
| 25 | InterGlobe Aviation Limited | Services | 1.01% |
| 26 | United Breweries Limited | Consumer Staples | 1% |
| 27 | Oil & Natural Gas Corporation Limited | Energy | 0.94% |
| 28 | Nippon Life India Asset Management Limited | Financial Services | 0.92% |
| 29 | SBI Life Insurance Company Limited | Financial Services | 0.9% |
| 30 | Apollo Tyres Limited | Consumer Discretionary | 0.87% |
| 31 | Multi Commodity Exchange of India Limited | Financial Services | 0.82% |
| 32 | Bayer Cropscience Limited | Materials | 0.81% |
| 33 | Max Financial Services Limited | Financial Services | 0.78% |
| 34 | Carborundum Universal Limited | Industrials | 0.76% |
| 35 | State Bank of India | Financial Services | 0.75% |
| 36 | Bharat Petroleum Corporation Limited | Energy | 0.74% |
| 37 | Sudarshan Chemical Industries Limited | Materials | 0.73% |
| 38 | Hindustan Petroleum Corporation Limited | Energy | 0.63% |
| 39 | Hindustan Aeronautics Limited | Industrials | 0.61% |
| 40 | Bank of Baroda | Financial Services | 0.58% |
| 41 | ICICI Prudential Life Insurance Company Limited | Financial Services | 0.57% |
| 42 | Siemens Limited | Industrials | 0.56% |
| 43 | Indus Towers Limited | Telecommunication | 0.47% |
| 44 | Trent Limited | Consumer Discretionary | 0.44% |
| 45 | TVS Motor Company Limited | Consumer Discretionary | 0.43% |
| 46 | Timken India Limited | Industrials | 0.29% |
| 47 | Aditya Birla Sun Life AMC Limited | Financial Services | 0.28% |
| 48 | Atul Limited | Materials | 0.26% |
| 49 | Siemens Energy India Limited | Industrials | 0.22% |
| 50 | TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond | — | 0.02% |
| 51 | Net Receivables/Payablesother | — | -7.98% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: DSP Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.