Bank of India Business Cycle Fund
Bank of India Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund is positioning for cyclical recovery by rotating into beaten-down commodities and power infrastructure, evident from five new Vedanta-linked entries replacing short-term treasuries. With nearly 40% concentrated in top ten holdings dominated by financials and power, the manager signals conviction that economic growth will drive these sectors while acknowledging inflationary pressures through a modest 3.7% gold hedge. This tactical pivot suggests confidence in a demand-led upcycle over near-term rate concerns.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.1900 | — | — | — | — | — | — |
| Regular Growth | ₹9.0100 | +3.44% | +2.15% | -3.12% | +1.46% | — | — |
| Direct IDCW | ₹9.1900 | — | — | — | — | — | — |
| Regular IDCW | ₹9.0100 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
59
Top 5 Weight
21.57%
Top 10 Weight
38.10%
Active Share
—
Large Cap
53.55%
Gini
0.379
What Changed2026-03-31 → 2026-04-30
Holdings: 57 → 61+5 added−1 removed29 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Limited ** | 1.93% |
| Malco Energy Limited ** | 0.42% |
| Vedanta Iron And Steel Limited ** | 0.09% |
| Talwandi Sabo Power Limited ** | 0.06% |
| TREPS | 1.74% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | NTPC Limited INE733E01010 | 4.82% |
| 2 | State Bank of India INE062A01020 | 4.47% |
| 3 | ICICI Bank Limited INE090A01021 | 4.17% |
| 4 | Quality Power Electrical Eqp Ltd INE0SII01026 | 4.14% |
| 5 | HDFC Bank Limited INE040A01034 | 3.97% |
| 6 | Bharti Airtel Limited INE397D01024 | 3.80% |
| 7 | Sky Gold And Diamonds Limited INE01IU01018 | 3.71% |
| 8 | Power Grid Corporation of India Limited INE752E01010 | 3.23% |
| 9 | Glenmark Pharmaceuticals Limited INE935A01035 | 3.09% |
| 10 | Britannia Industries Limited INE216A01030 | 2.70% |
| 11 | LG Electronics India Ltd INE324D01010 | 2.63% |
| 12 | Reliance Industries Limited INE002A01018 | 2.58% |
| 13 | Tata Motors Ltd INE1TAE01010 | 2.42% |
| 14 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.29% |
| 15 | Computer Age Management Services Limited INE596I01020 | 2.00% |
| 16 | Ambuja Cements Limited INE079A01024 | 1.95% |
| 17 | S.J.S. Enterprises Limited INE284S01014 | 1.93% |
| 18 | Vedanta Aluminium Metal Limited ** INE1CDF01017 | 1.93% |
| 19 | PB Fintech Limited INE417T01026 | 1.82% |
| 20 | Vidya Wires Limited INE14UN01029 | 1.80% |
Sector Allocation
Banks13.5%
Consumer Durables11.3%
Power10.4%
Electrical Equipment8.9%
Capital Markets5.6%
Pharmaceuticals & Biotechnology4.0%
Industrial Products3.9%
Telecom - Services3.8%
Diversified Metals3.4%
Food Products2.7%
Top 10 sectors by % to NAV. Excludes derivatives.