DSP Business Cycle Fund holds 58 instruments (82.71% equity), led by ICICI Bank Limited (9.85%), HDFC Bank Limited (9.55%) and Axis Bank Limited (5.42%), as of its 30 September 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 30 September 2026. The fund holds 58 instruments with an equity allocation of 82.71%. 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 47.53% of its portfolio, in line with the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 33.93% of net assets, spread across 10 sectors in total. Since its 31 August 2026 disclosure, the fund added 3 new positions and exited 0 positions, with HDFC Bank Limited seeing the largest move (+1.06pp to 9.55%).
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 |
|---|---|---|
| HDFC Bank Limited | 8.49% → 9.55% | ▲ +1.06 |
| ICICI Bank Limited | 9.44% → 9.85% | ▲ +0.41 |
| Timken India Limited | 0.28% → 0.66% | ▲ +0.38 |
| ICICI Prudential Life Insurance Company Limited | 0.54% → 0.86% | ▲ +0.32 |
| InterGlobe Aviation Limited | 0.98% → 1.13% | ▲ +0.15 |
| Birla Corporation Limited | 0.03% → 0.16% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| Nippon Life India Asset Management Limited | 0.88% → 0.46% | ▼ -0.42 |
| Axis Bank Limited | 5.77% → 5.42% | ▼ -0.35 |
| Info Edge (India) Limited | 1.16% → 0.83% | ▼ -0.33 |
| Mahindra & Mahindra Limited | 3.36% → 3.11% | ▼ -0.25 |
| Reliance Industries Limited | 3.36% → 3.12% | ▼ -0.24 |
| Larsen & Toubro Limited | 4.2% → 3.98% | ▼ -0.22 |
| Maruti Suzuki India Limited | 2.51% → 2.3% | ▼ -0.21 |
| Bharti Airtel Limited | 4.6% → 4.44% | ▼ -0.16 |
| Voltas Limited | 1.33% → 1.18% | ▼ -0.15 |
| Carborundum Universal Limited | 0.75% → 0.6% | ▼ -0.15 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – 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: DSP 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.