Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund remains heavily tilted toward banking and cyclical sectors, betting on economic expansion and credit cycles with over one-fifth exposure to financials. Recent additions in metals and power signal conviction in commodity-linked recovery plays, while the exit from a China-focused ETF suggests reduced emerging market diversification bets. The concentrated top-10 at 31% and narrow sector concentration underscore the manager's thematic conviction in domestic cyclical revival.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹14.6600 | -0.54% | -5.17% | -5.54% | -0.48% | +12.38% | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
73
Top 5 Weight
19.10%
Top 10 Weight
30.64%
Active Share
—
Large Cap
43.27%
Gini
0.306
What Changed2026-03-31 → 2026-04-30
Holdings: 71 → 74+4 added−1 removed26 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| VEDANTA ALUMINIUM METAL LTD | 1.02% |
| MALCO ENERGY LTD | 0.17% |
| TALWANDI SABO POWER LTD | 0.10% |
| VEDANTA IRON AND STEEL LTD | 0.05% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 6.20% |
| 2 | State Bank of India INE062A01020 | 4.05% |
| 3 | Reliance Industries Limited INE002A01018 | 3.15% |
| 4 | HDFC Bank Limited INE040A01034 | 2.98% |
| 5 | Kotak Mahindra Bank Limited INE237A01036 | 2.72% |
| 6 | Bharti Airtel Limited INE397D01024 | 2.46% |
| 7 | Mahindra & Mahindra Limited INE101A01026 | 2.42% |
| 8 | Infosys Limited INE009A01021 | 2.41% |
| 9 | Jindal Steel & Power Limited INE749A01030 | 2.30% |
| 10 | Bharat Forge Limited INE465A01025 | 1.95% |
| 11 | Tech Mahindra Limited INE669C01036 | 1.88% |
| 12 | Godrej Consumer Products Limited INE102D01028 | 1.88% |
| 13 | Lenskart Solutions Ltd INE956O01016 | 1.83% |
| 14 | HCL Technologies Limited INE860A01027 | 1.82% |
| 15 | Sona BLW Precision Forgings Limited INE073K01018 | 1.71% |
| 16 | Marico Limited INE196A01026 | 1.61% |
| 17 | Happy Forgings Ltd INE330T01021 | 1.60% |
| 18 | The Federal Bank Limited INE171A01029 | 1.59% |
| 19 | Ajanta Pharmaceuticals Limited INE031B01049 | 1.58% |
| 20 | Shivalik Bimetal Controls Ltd INE386D01027 | 1.57% |
Sector Allocation
Banks20.5%
IT - Software9.3%
Industrial Products5.8%
Auto Components5.7%
Retailing5.0%
Automobiles4.8%
Consumer Durables4.7%
Cement & Cement Products3.8%
Finance3.8%
Insurance3.3%
Top 10 sectors by % to NAV. Excludes derivatives.