Funds/Sectoral / Thematic/Sundaram Business Cycle Fund

Sundaram Business Cycle Fund

Sundaram Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund has repositioned toward mid-cycle economic recovery, exiting large-cap defensives like HDFC Bank and Reliance while adding financial services plays and consumption-linked stocks. The manager's conviction in the business cycle thesis intensified through nine fresh additions, notably Oracle FSL and MTAR Technologies, signaling optimism on financialization and manufacturing resilience. With nearly 36% concentrated in top ten holdings and hefty sector tilts toward banking and retail, the portfolio is leveraged to sustained earnings growth rather than near-term safety.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹10.1943	+4.01%	-3.03%	-7.02%	-3.14%	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

18.98%

Top 10 Weight

35.25%

Active Share

—

Large Cap

31.11%

Gini

0.232

What Changed2026-03-31 → 2026-04-30

Holdings: 44 → 45+9 added−8 removed26 weight shifts ≥ 0.1%

Stock	Sector	Weight
Oracle Financial Services Software Ltd	It - Software	4.13%
MTAR Technologies Ltd	Electrical Equipment	3.54%
Bank of Baroda	Banks	2.82%
Five-Star Business Finance Ltd	Finance	2.58%
Nippon Life India Asset Management Ltd	Capital Markets	2.57%
Angel One Ltd	Capital Markets	1.89%
Coforge Ltd	It - Software	1.40%
Hindustan Petroleum Corporation Ltd	Petroleum Products	1.00%
Margin Money For Derivatives		0.32%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Oracle Financial Services Software Ltd INE881D01027	It - Software	EQUITY	4.13%
2	Zomato Ltd INE758T01015	Retailing	EQUITY	4.02%
3	Radico Khaitan Ltd INE944F01028	Beverages	EQUITY	3.68%
4	Shriram Finance Ltd INE721A01047	Finance	EQUITY	3.61%
5	MTAR Technologies Ltd INE864I01014	Electrical Equipment	EQUITY	3.54%
6	Larsen & Toubro Ltd INE018A01030	Construction	EQUITY	3.47%
7	State Bank of India INE062A01020	Banks	EQUITY	3.39%
8	Jubilant Foodworks Ltd INE797F01020	Leisure Services	EQUITY	3.19%
9	Interglobe Aviation Ltd INE646L01027	Transport Services	EQUITY	3.12%
10	Polycab India Ltd INE455K01017	Industrial Products	EQUITY	3.10%
11	FSN E–Commerce Ventures Ltd(NYKAA) INE388Y01029	Retailing	EQUITY	3.05%
12	Delhivery Ltd INE148O01028	Transport Services	EQUITY	3.00%
13	Tips Music Ltd INE716B01029	Entertainment	EQUITY	2.92%
14	Ultratech Cement Ltd INE481G01011	Cement & Cement Products	EQUITY	2.92%
15	Bank of Baroda INE028A01039	Banks	EQUITY	2.82%
16	National Aluminium Company Ltd INE139A01034	Non - Ferrous Metals	EQUITY	2.82%
17	Aavas Financiers Ltd INE216P01012	Finance	EQUITY	2.75%
18	PB Fintech Ltd INE417T01026	Financial Technology (Fintech)	EQUITY	2.73%
19	Amber Enterprises India Ltd INE371P01015	Consumer Durables	EQUITY	2.71%
20	Affle (India) Ltd INE00WC01027	It - Services	EQUITY	2.66%

Sector Allocation

Banks9.6%

Finance8.9%

Retailing8.2%

It - Software7.4%

Capital Markets6.2%

Transport Services6.1%

Industrial Products5.6%

Electrical Equipment5.6%

Leisure Services4.1%

Auto Components3.7%

Top 10 sectors by % to NAV. Excludes derivatives.