HDFC Business Cycle Fund holds 68 instruments (94.53% equity), led by Bharti Airtel Limited (5.6%), ICICI Bank Limited (5.46%) and Kotak Mahindra Bank Limited (5.1%), as of its 31 August 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of HDFC Business Cycle Fund, managed by HDFC Mutual Fund, based on its monthly portfolio disclosure dated 31 August 2026. The fund holds 68 instruments with an equity allocation of 94.53%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
HDFC Business Cycle Fund's top 10 holdings account for 39.91% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 29.07% of net assets, spread across 10 sectors in total. Since its 31 July 2026 disclosure, the fund added 5 new positions and exited 1 position, with Fortis Healthcare Limited seeing the largest move (-1.03pp to 1.92%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
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 |
|---|---|---|
| Pearl Global Industries Limited | 2.55% → 3% | ▲ +0.45 |
| Anthem Biosciences Limited | 3.94% → 4.3% | ▲ +0.36 |
| Kotak Mahindra Bank Limited | 4.8% → 5.1% | ▲ +0.3 |
| PB Fintech Limited | 1.42% → 1.65% | ▲ +0.23 |
| Bosch Limited | 1.05% → 1.26% | ▲ +0.21 |
| ETERNAL LIMITED | 2.61% → 2.8% | ▲ +0.19 |
| Le Travenues Technology Limited | 0.95% → 1.12% | ▲ +0.17 |
| Titan Company Limited | 4.58% → 4.73% | ▲ +0.15 |
| Acme Solar Holdings Limited | 1.62% → 1.77% | ▲ +0.15 |
| Leela Palaces Hotels & Resorts Limited | 0.98% → 1.12% | ▲ +0.14 |
| Stock | Weight | Change |
|---|---|---|
| Fortis Healthcare Limited | 2.95% → 1.92% | ▼ -1.03 |
| Bharti Airtel Limited | 6.17% → 5.6% | ▼ -0.57 |
| HDFC Bank Limited | 3.31% → 3.09% | ▼ -0.22 |
| Clean Max Enviro Energy Solutions Limited | 2.32% → 2.13% | ▼ -0.19 |
| Aadhar Housing Finance Limited | 2.39% → 2.23% | ▼ -0.16 |
| PNC Infratech Limited | 0.46% → 0.35% | ▼ -0.11 |
| Aptus Value Housing Finance India Limited | 1.9% → 1.79% | ▼ -0.11 |
| Eris Lifesciences Limited | 1.86% → 1.76% | ▼ -0.1 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Aug 2026).
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: HDFC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.