Motilal Oswal Business Cycle Fund
The Motilal Oswal Business Cycle Fund remains heavily concentrated in cyclical recovery plays, with nearly 40% anchored in just five holdings spanning IT services, consumer discretionary, and specialty chemicals. The manager's conviction in mid-cap cyclicals is evident from the elevated cash position, suggesting readiness to deploy rather than panic, though the modest rebalancing—trimming Persistent Systems while adding to Ellenbarrie—signals tactical profit-taking in software while doubling down on industrial gases exposure. This positioning tilts toward late-cycle beneficiaries poised to gain from domestic consumption and capex upcycles.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹11.2082 | — | — | — | — |
| Regular Growth | ₹10.9465 | -2.64% | -9.39% | — | — |
| Direct IDCW | ₹11.2075 | — | — | — | — |
| Regular IDCW | ₹10.9465 | — | — | — | — |
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 |
|---|---|
| TRP_040526 | 2.51% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Kalyan Jewellers India Limited INE303R01014 | 9.20% |
| 2 | Persistent Systems Ltd INE262H01021 | 8.63% |
| 3 | Eternal Limited INE758T01015 | 8.07% |
| 4 | Coforge Limited INE591G01025 | 7.23% |
| 5 | HealthCare Global Enterprises Ltd. INE075I01017 | 6.55% |
| 6 | ICICI Bank Ltd INE090A01021 | 5.20% |
| 7 | Ellenbarrie Industrial Gases Limited INE236E01022 | 5.06% |
| 8 | PG Electroplast Limited INE457L01029 | 5.05% |
| 9 | HDFC Bank Ltd INE040A01034 | 4.39% |
| 10 | Bharti Airtel Ltd INE397D01024 | 3.95% |
| 11 | CG Power and Industrial Solutions Limited INE067A01029 | 3.42% |
| 12 | Neuland Laboratories Ltd INE794A01010 | 3.28% |
| 13 | Indusind Bank Ltd INE095A01012 | 3.09% |
| 14 | Dr Reddys Laboratories Ltd INE089A01031 | 3.00% |
| 15 | Apollo Hospitals Enterprise Limited INE437A01024 | 2.78% |
| 16 | Net Receivables / (Payables) | 2.74% |
| 17 | AU Small Finance Bank Limited INE949L01017 | 2.69% |
| 18 | TRP_040526 CBLO | 2.51% |
| 19 | Kotak Mahindra Bank Ltd INE237A01036 | 2.44% |
| 20 | Muthoot Finance Ltd INE414G01012 | 2.43% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Motilal Oswal Business Cycle Fund hold?
Motilal Oswal Business Cycle Fund holds 23 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 39.68% of NAV.
What is the largest holding in Motilal Oswal Business Cycle Fund?
The largest position in Motilal Oswal Business Cycle Fund is Kalyan Jewellers India Limited, accounting for 9.20% of NAV.
Is Motilal Oswal Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.281, Motilal Oswal Business Cycle Fund is well-diversified. The HHI concentration index is 52,395 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 39.68% of the portfolio.
What is the market cap allocation of Motilal Oswal Business Cycle Fund?
Based on SEBI's AMFI classification, Motilal Oswal Business Cycle Fund's equity portfolio is split as: Large Cap: 33.23%, Mid Cap: 37.37%, Small Cap: 21.70%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Motilal Oswal Business Cycle Fund invest in most?
Motilal Oswal Business Cycle Fund has the highest allocation to IT - Software (3.95%), Retailing (3.42%), Cash & Equivalent (3.00%). The fund is invested across 9 sectors in total.
How actively managed is Motilal Oswal Business Cycle Fund compared to other Sectoral / Thematic funds?
Motilal Oswal Business Cycle Fund has an Active Share of 84.39%, 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 Motilal Oswal Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Motilal Oswal Business Cycle Fund added 1 new stock (including TRP_040526) and exited 1 stock (including Collateralized Borrowing & Lending Obligation). Total holding count remained at 24 stocks.