Quant Business Cycle Fund
quant Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹15.9341 | +5.57% | +4.53% | -0.56% | +0.70% | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
26
Top 5 Weight
45.84%
Top 10 Weight
77.62%
Active Share
—
Large Cap
36.68%
Gini
0.463
What Changed2026-03-31 → 2026-04-30
Holdings: 31 → 28+11 added−14 removed16 weight shifts ≥ 0.1%
| 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
Electrical Equipment17.8%
Finance12.6%
Pharmaceuticals & Biotechnology10.1%
Power9.3%
Auto Components9.1%
Insurance7.4%
Capital Markets6.0%
Financial Technology (Fintech)5.9%
Minerals & Mining4.2%
Metals & Minerals Trading4.1%
Top 10 sectors by % to NAV. Excludes derivatives.