Bank of India Business Cycle Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.2500 | — | — | — | — |
| Regular Growth | ₹9.0600 | +1.12% | +0.33% | — | — |
| Direct IDCW | ₹9.2500 | — | — | — | — |
| Regular IDCW | ₹9.0600 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bank of India Business Cycle Fund hold?
Bank of India Business Cycle Fund holds 59 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 21.57% of NAV.
What is the largest holding in Bank of India Business Cycle Fund?
The largest position in Bank of India Business Cycle Fund is NTPC Limited, accounting for 4.82% of NAV in the Power sector.
Is Bank of India Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.379, Bank of India Business Cycle Fund is well-diversified. The HHI concentration index is 24,410 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 21.57% of the portfolio.
What is the market cap allocation of Bank of India Business Cycle Fund?
Based on SEBI's AMFI classification, Bank of India Business Cycle Fund's equity portfolio is split as: Large Cap: 53.55%, Mid Cap: 13.11%, Small Cap: 28.07%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bank of India Business Cycle Fund invest in most?
Bank of India Business Cycle Fund has the highest allocation to Banks (13.47%), Consumer Durables (11.34%), Power (10.37%). The fund is invested across 28 sectors in total.
How actively managed is Bank of India Business Cycle Fund compared to other Sectoral / Thematic funds?
Bank of India Business Cycle Fund has an Active Share of 74.96%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bank of India Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bank of India Business Cycle Fund added 5 new stocks (including Vedanta Aluminium Metal Limited **) and exited 1 stock (including 182 Days Tbill (MD 21/05/2026)). Total holding count increased from 57 to 61 stocks.