Mahindra Manulife Business Cycle Fund holds 71 instruments (96.77% equity), led by Reliance Industries Limited (3.85%), Grasim Industries Limited (3.2%) and ICICI Bank Limited (3.07%), as of its 30 September 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 September 2026. The fund holds 71 instruments with an equity allocation of 96.77%. 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 27.93% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 21.09% of net assets, spread across 11 sectors in total. Since its 31 August 2026 disclosure, the fund added 6 new positions and exited 5 positions, with NMDC Limited seeing the largest move (-0.67pp to 0.3%).
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 |
|---|---|---|
| Bandhan Bank Limited | 1.88% → 2.52% | ▲ +0.64 |
| Garware Hi-Tech Films Limited | 0.21% → 0.69% | ▲ +0.48 |
| Steel Authority of India Limited | 1.29% → 1.69% | ▲ +0.4 |
| Carborundum Universal Limited | 1.3% → 1.56% | ▲ +0.26 |
| Triveni Engineering & Industries Limited | 0.33% → 0.55% | ▲ +0.22 |
| SAGILITY LIMITED | 1.04% → 1.26% | ▲ +0.22 |
| Supreme Petrochem Limited | 0.99% → 1.16% | ▲ +0.17 |
| Adani Enterprises Limited | 2.31% → 2.47% | ▲ +0.16 |
| Coal India Limited | 1.32% → 1.48% | ▲ +0.16 |
| Elecon Engineering Company Limited | 0.66% → 0.79% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| NMDC Limited | 0.97% → 0.3% | ▼ -0.67 |
| Anthem Biosciences Limited | 1.7% → 1.06% | ▼ -0.64 |
| Gokaldas Exports Limited | 0.94% → 0.4% | ▼ -0.54 |
| NOCIL Limited | 0.74% → 0.36% | ▼ -0.38 |
| CESC Limited | 1.31% → 1.06% | ▼ -0.25 |
| IndusInd Bank Limited | 2.68% → 2.51% | ▼ -0.17 |
| Grasim Industries Limited | 3.34% → 3.2% | ▼ -0.14 |
| ICICI Bank Limited | 3.2% → 3.07% | ▼ -0.13 |
| Bajaj Auto Limited | 2.38% → 2.25% | ▼ -0.13 |
| Cochin Shipyard Limited | 1.51% → 1.39% | ▼ -0.12 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Sept 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: Mahindra Manulife Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.