Mahindra Manulife Business Cycle Fund holds 71 instruments (98.53% equity), led by Reliance Industries Limited (4.05%), JSW Energy Limited (3.46%) and Grasim Industries Limited (3.13%), as of its 30 June 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Mahindra Manulife Business Cycle Fund, managed by Mahindra Manulife Mutual Fund, based on its monthly portfolio disclosure dated 30 June 2026. The fund holds 71 instruments with an equity allocation of 98.53%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Mahindra Manulife Business Cycle Fund's top 10 holdings account for 29.13% of its portfolio, more diversified than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 23.73% of net assets, spread across 11 sectors in total. Since its 31 May 2026 disclosure, the fund added 3 new positions and exited 3 positions, with ICICI Bank Limited seeing the largest move (+1.16pp to 3.09%).
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 |
|---|---|---|
| ICICI Bank Limited | 1.93% → 3.09% | ▲ +1.16 |
| Vedanta Aluminium Metal Limited | 0.21% → 0.77% | ▲ +0.56 |
| Anthem Biosciences Limited | 1.07% → 1.5% | ▲ +0.43 |
| S. P. Apparels Limited | 0.69% → 0.98% | ▲ +0.29 |
| Kirloskar Brothers Limited | 1% → 1.23% | ▲ +0.23 |
| Ajanta Pharma Limited | 1.47% → 1.68% | ▲ +0.21 |
| The Federal Bank Limited | 1.73% → 1.93% | ▲ +0.2 |
| Gokaldas Exports Limited | 0.87% → 1.07% | ▲ +0.2 |
| K.P.R. Mill Limited | 0.74% → 0.88% | ▲ +0.14 |
| Aurobindo Pharma Limited | 1.53% → 1.66% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| Tata Steel Limited | 1.58% → 1.04% | ▼ -0.54 |
| Vodafone Idea Limited | 2.57% → 2.08% | ▼ -0.49 |
| Infosys Limited | 2.96% → 2.49% | ▼ -0.47 |
| Indus Towers Limited | 2.71% → 2.34% | ▼ -0.37 |
| UltraTech Cement Limited | 1.32% → 1.01% | ▼ -0.31 |
| Bajaj Auto Limited | 2.93% → 2.66% | ▼ -0.27 |
| CESC Limited | 2.3% → 2.08% | ▼ -0.22 |
| Reliance Industries Limited | 4.24% → 4.05% | ▼ -0.19 |
| NTPC Limited | 1.85% → 1.66% | ▼ -0.19 |
| Tech Mahindra Limited | 2.12% → 1.96% | ▼ -0.16 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Jan – Jun 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Reliance Industries Limited | Energy | 4.05% |
| 2 | JSW Energy Limited | Utilities | 3.46% |
| 3 | Grasim Industries Limited | Materials | 3.13% |
| 4 | ICICI Bank Limited | Financial Services | 3.09% |
| 5 | Axis Bank Limited | Financial Services | 2.87% |
| 6 | Bajaj Auto Limited | Consumer Discretionary | 2.66% |
| 7 | Adani Enterprises Limited | Materials | 2.5% |
| 8 | Infosys Limited | Information Technology | 2.49% |
| 9 | IndusInd Bank Limited | Financial Services | 2.49% |
| 10 | Bandhan Bank Limited | Financial Services | 2.39% |
| 11 | Indus Towers Limited | Telecommunication | 2.34% |
| 12 | CESC Limited | Utilities | 2.08% |
| 13 | Vodafone Idea Limited | Telecommunication | 2.08% |
| 14 | Tech Mahindra Limited | Information Technology | 1.96% |
| 15 | The Federal Bank Limited | Financial Services | 1.93% |
| 16 | The Ramco Cements Limited | Materials | 1.88% |
| 17 | Shriram Finance Limited | Financial Services | 1.75% |
| 18 | ITC Limited | Consumer Staples | 1.72% |
| 19 | Divi's Laboratories Limited | Healthcare | 1.7% |
| 20 | Maruti Suzuki India Limited | Consumer Discretionary | 1.69% |
| 21 | REC Limited | Financial Services | 1.69% |
| 22 | Ajanta Pharma Limited | Healthcare | 1.68% |
| 23 | NTPC Limited | Utilities | 1.66% |
| 24 | Aurobindo Pharma Limited | Healthcare | 1.66% |
| 25 | IDFC First Bank Limited | Financial Services | 1.61% |
| 26 | Kajaria Ceramics Limited | Consumer Discretionary | 1.59% |
| 27 | Bajaj Finance Limited | Financial Services | 1.55% |
| 28 | Anthem Biosciences Limited | Healthcare | 1.5% |
| 29 | Coal India Limited | Energy | 1.48% |
| 30 | Biocon Limited | Healthcare | 1.45% |
| 31 | Bank of Baroda | Financial Services | 1.43% |
| 32 | Zydus Lifesciences Limited | Healthcare | 1.36% |
| 33 | CEAT Limited | Consumer Discretionary | 1.36% |
| 34 | Cochin Shipyard Limited | Industrials | 1.26% |
| 35 | GAIL (India) Limited | Utilities | 1.24% |
| 36 | Kirloskar Brothers Limited | Industrials | 1.23% |
| 37 | Asahi India Glass Limited | Consumer Discretionary | 1.21% |
| 38 | NMDC Limited | Materials | 1.15% |
| 39 | Triparty Repotreps | — | 1.13% |
| 40 | Carborundum Universal Limited | Industrials | 1.11% |
| 41 | Manappuram Finance Limited | Financial Services | 1.09% |
| 42 | LMW Limited | Industrials | 1.08% |
| 43 | Gokaldas Exports Limited | Consumer Discretionary | 1.07% |
| 44 | Tata Steel Limited | Materials | 1.04% |
| 45 | UltraTech Cement Limited | Materials | 1.01% |
| 46 | Supreme Petrochem Limited | Materials | 0.99% |
| 47 | S. P. Apparels Limited | Consumer Discretionary | 0.98% |
| 48 | Punjab National Bank | Financial Services | 0.96% |
| 49 | Glenmark Pharmaceuticals Limited | Healthcare | 0.94% |
| 50 | Mazagon Dock Shipbuilders Limited | Industrials | 0.93% |
| 51 | MphasiS Limited | Information Technology | 0.92% |
| 52 | Adani Energy Solutions Limited | Utilities | 0.9% |
| 53 | Dalmia Bharat Limited | Materials | 0.89% |
| 54 | SAGILITY LIMITED | Information Technology | 0.89% |
| 55 | Ujjivan Small Finance Bank Limited | Financial Services | 0.88% |
| 56 | K.P.R. Mill Limited | Consumer Discretionary | 0.88% |
| 57 | Elecon Engineering Company Limited | Industrials | 0.88% |
| 58 | Sarda Energy & Minerals Limited | Materials | 0.82% |
| 59 | NOCIL Limited | Materials | 0.79% |
| 60 | Ambuja Cements Limited | Materials | 0.79% |
| 61 | Vedanta Aluminium Metal Limited | Diversified | 0.77% |
| 62 | Sun TV Network Limited | Consumer Discretionary | 0.77% |
| 63 | Tega Industries Limited | Industrials | 0.7% |
| 64 | Technocraft Industries (India) Limited | Industrials | 0.68% |
| 65 | Garden Reach Shipbuilders & Engineers Limited | Industrials | 0.61% |
| 66 | HCL Technologies Limited | Information Technology | 0.6% |
| 67 | Net Receivables / (Payables)other | — | 0.32% |
| 68 | Vedanta Power Limited | Diversified | 0.07% |
| 69 | Vedanta Iron and Steel Limited | Diversified | 0.06% |
| 70 | Vedanta Oil and Gas Limited | Diversified | 0.06% |
| 71 | Margin placed with CCIL & ARCLother | — | 0.02% |
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: Mahindra Manulife Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 June 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.