DSP Business Cycle Fund
The fund has tilted decisively toward cyclical recovery plays, dumping IT heavyweights for banking and auto exposure as conviction in economic re-acceleration strengthens. The sharp pivot into ICICI Bank, elevated cash positioning, and deliberate exit from defensive IT stocks signal the manager believes growth drivers are shifting to domestic consumption and credit cycles. This concentrated bet on financial services and discretionary sectors makes the fund highly sensitive to interest rate and economic momentum shifts.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹10.0880 | -1.30% | +3.40% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| HDFC Bank Limited | 7.87% |
| Larsen & Toubro Limited | 3.49% |
| Maruti Suzuki India Limited | 3.04% |
| Asian Paints Limited | 2.72% |
| HDFC Life Insurance Company Limited | 1.50% |
| Hyundai Motor India Limited | 1.02% |
| Hero MotoCorp Limited | 1.01% |
| UltraTech Cement Limited | 0.99% |
| SBI Life Insurance Company Limited | 0.78% |
| Interglobe Aviation Limited | 0.48% |
| ICICI Prudential Life Insurance Company Limited | 0.44% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS / Reverse Repo Investments | 8.57% |
| 2 | HDFC Bank Limited INE040A01034 | 7.87% |
| 3 | Axis Bank Limited INE238A01034 | 6.98% |
| 4 | ICICI Bank Limited INE090A01021 | 6.66% |
| 5 | Mahindra & Mahindra Limited INE101A01026 | 4.08% |
| 6 | Larsen & Toubro Limited INE018A01030 | 3.49% |
| 7 | Bharti Airtel Limited INE397D01024 | 3.28% |
| 8 | Multi Commodity Exchange of India Limited INE745G01043 | 3.24% |
| 9 | NTPC Limited INE733E01010 | 3.11% |
| 10 | Maruti Suzuki India Limited INE585B01010 | 3.04% |
| 11 | Asian Paints Limited INE021A01026 | 2.72% |
| 12 | Voltas Limited INE226A01021 | 2.04% |
| 13 | Amber Enterprises India Limited INE371P01015 | 2.02% |
| 14 | Coforge Limited INE591G01025 | 1.95% |
| 15 | Nippon Life India Asset Management Limited INE298J01013 | 1.79% |
| 16 | Oberoi Realty Limited INE093I01010 | 1.72% |
| 17 | Gland Pharma Limited INE068V01023 | 1.63% |
| 18 | Kalpataru Projects International Limited INE220B01022 | 1.61% |
| 19 | HDFC Life Insurance Company Limited INE795G01014 | 1.50% |
| 20 | TVS Motor Company Limited INE494B01023 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does DSP Business Cycle Fund hold?
DSP Business Cycle Fund holds 53 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.08% of NAV.
What is the largest holding in DSP Business Cycle Fund?
The largest position in DSP Business Cycle Fund is TREPS / Reverse Repo Investments, accounting for 8.57% of NAV.
Is DSP Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.431, DSP Business Cycle Fund is well-diversified. The HHI concentration index is 29,048 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.08% of the portfolio.
What is the market cap allocation of DSP Business Cycle Fund?
Based on SEBI's AMFI classification, DSP Business Cycle Fund's equity portfolio is split as: Large Cap: 55.42%, Mid Cap: 15.92%, Small Cap: 15.10%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does DSP Business Cycle Fund invest in most?
DSP Business Cycle Fund has the highest allocation to Banks (22.96%), Automobiles (10.63%), Consumer Durables (8.36%). The fund is invested across 24 sectors in total.
How actively managed is DSP Business Cycle Fund compared to other Sectoral / Thematic funds?
DSP Business Cycle Fund has an Active Share of 69.91%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.
What changed in DSP Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, DSP Business Cycle Fund added 11 new stocks (including HDFC Bank Limited) and exited 9 stocks (including Infosys Limited). Total holding count increased from 53 to 55 stocks.