Quant Business Cycle Fund
This quant fund is heavily positioned for an infrastructure and energy-led cycle recovery, with near-total concentration in just ten holdings. The manager has aggressively rotated away from consumer staples and fintech platforms toward capital-intensive sectors like electrical equipment, power, and heavy engineering, signaling conviction in cyclical upswing narratives. The large cash-like TREPS position suggests either tactical caution or imminent deployment into identified opportunities.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹16.0974 | +5.08% | +0.20% | — | — |
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 |
|---|---|
| Lloyds Metals And Energy Limited | 4.20% |
| Tata Chemicals Ltd | 1.40% |
| Reliance Industries Limited | 0.87% |
| Bharat Heavy Electricals Ltd 26/05/2026 | 9.20% |
| PB Fintech Limited 26/05/2026 | 5.86% |
| Manappuram Finance Ltd 26/05/2026 | 2.93% |
| ICICI Bank Limited 26/05/2026 | 2.63% |
| Tech Mahindra Limited 26/05/2026 | 0.99% |
| 91 Days Treasury Bill 23-Jul-2026 | 0.82% |
| 91 Days Treasury Bill 16-Jul-2026 | 0.62% |
| TREPS 04-May-2026 DEPO 10 | 17.93% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS 04-May-2026 DEPO 10 INCBLO040526 | 17.93% |
| 2 | Piramal Finance Ltd INE202B01038 | 9.64% |
| 3 | Adani Green Energy Limited INE364U01010 | 9.28% |
| 4 | Bharat Heavy Electricals Ltd 26/05/2026 BHEL260526 | 9.20% |
| 5 | Samvardhana Motherson International Ltd INE775A01035 | 9.11% |
| 6 | Premier Energies Limited INE0BS701011 | 8.60% |
| 7 | Aurobindo Pharma Limited INE406A01037 | 8.39% |
| 8 | HDFC Life Insurance Co Ltd INE795G01014 | 7.39% |
| 9 | ICICI Prudential AMC Ltd INE346A01027 | 5.95% |
| 10 | PB Fintech Limited 26/05/2026 POLICYBZR260526 | 5.86% |
| 11 | Lloyds Metals And Energy Limited INE281B01032 | 4.20% |
| 12 | Adani Enterprises Limited INE423A01024 | 4.08% |
| 13 | Zydus Wellness Ltd INE768C01028 | 4.06% |
| 14 | Manappuram Finance Ltd 26/05/2026 MANAPPURAM260526 | 2.93% |
| 15 | ICICI Bank Limited 26/05/2026 ICICIBANK260526 | 2.63% |
| 16 | BROOKS Laboratories Limited INE650L01011 | 1.69% |
| 17 | Tata Chemicals Ltd INE092A01019 | 1.40% |
| 18 | Tech Mahindra Limited 26/05/2026 TECHM260526 | 0.99% |
| 19 | The Ramco Cements Limited INE331A01037 | 0.98% |
| 20 | Reliance Industries Limited INE002A01018 | 0.87% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Quant Business Cycle Fund hold?
Quant Business Cycle Fund holds 26 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 45.84% of NAV.
What is the largest holding in Quant Business Cycle Fund?
The largest position in Quant Business Cycle Fund is TREPS 04-May-2026 DEPO 10, accounting for 17.93% of NAV in the N.A. sector.
Is Quant Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.463, Quant Business Cycle Fund is moderately concentrated. The HHI concentration index is 69,319 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 45.84% of the portfolio.
What is the market cap allocation of Quant Business Cycle Fund?
Based on SEBI's AMFI classification, Quant Business Cycle Fund's equity portfolio is split as: Large Cap: 36.68%, Mid Cap: 30.83%, Small Cap: 8.13%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Quant Business Cycle Fund invest in most?
Quant Business Cycle Fund has the highest allocation to Electrical Equipment (17.80%), Finance (12.57%), Pharmaceuticals & Biotechnology (10.08%). The fund is invested across 17 sectors in total.
How actively managed is Quant Business Cycle Fund compared to other Sectoral / Thematic funds?
Quant Business Cycle Fund has an Active Share of 95.51%, 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 Quant Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Quant Business Cycle Fund added 11 new stocks (including Lloyds Metals And Energy Limited) and exited 14 stocks (including HDFC Bank Limited). Total holding count decreased from 31 to 28 stocks.