Sundaram Business Cycle Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹10.3439 | +3.02% | -3.19% | — | — |
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 |
|---|---|
| Oracle Financial Services Software Ltd | 4.13% |
| MTAR Technologies Ltd | 3.54% |
| Bank of Baroda | 2.82% |
| Five-Star Business Finance Ltd | 2.58% |
| Nippon Life India Asset Management Ltd | 2.57% |
| Angel One Ltd | 1.89% |
| Coforge Ltd | 1.40% |
| Hindustan Petroleum Corporation Ltd | 1.00% |
| Margin Money For Derivatives | 0.32% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Oracle Financial Services Software Ltd INE881D01027 | 4.13% |
| 2 | Zomato Ltd INE758T01015 | 4.02% |
| 3 | Radico Khaitan Ltd INE944F01028 | 3.68% |
| 4 | Shriram Finance Ltd INE721A01047 | 3.61% |
| 5 | MTAR Technologies Ltd INE864I01014 | 3.54% |
| 6 | Larsen & Toubro Ltd INE018A01030 | 3.47% |
| 7 | State Bank of India INE062A01020 | 3.39% |
| 8 | Jubilant Foodworks Ltd INE797F01020 | 3.19% |
| 9 | Interglobe Aviation Ltd INE646L01027 | 3.12% |
| 10 | Polycab India Ltd INE455K01017 | 3.10% |
| 11 | FSN E–Commerce Ventures Ltd(NYKAA) INE388Y01029 | 3.05% |
| 12 | Delhivery Ltd INE148O01028 | 3.00% |
| 13 | Tips Music Ltd INE716B01029 | 2.92% |
| 14 | Ultratech Cement Ltd INE481G01011 | 2.92% |
| 15 | Bank of Baroda INE028A01039 | 2.82% |
| 16 | National Aluminium Company Ltd INE139A01034 | 2.82% |
| 17 | Aavas Financiers Ltd INE216P01012 | 2.75% |
| 18 | PB Fintech Ltd INE417T01026 | 2.73% |
| 19 | Amber Enterprises India Ltd INE371P01015 | 2.71% |
| 20 | Affle (India) Ltd INE00WC01027 | 2.66% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Sundaram Business Cycle Fund hold?
Sundaram Business Cycle Fund holds 42 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.98% of NAV.
What is the largest holding in Sundaram Business Cycle Fund?
The largest position in Sundaram Business Cycle Fund is Oracle Financial Services Software Ltd, accounting for 4.13% of NAV in the It - Software sector.
Is Sundaram Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.232, Sundaram Business Cycle Fund is well-diversified. The HHI concentration index is 27,355 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.98% of the portfolio.
What is the market cap allocation of Sundaram Business Cycle Fund?
Based on SEBI's AMFI classification, Sundaram Business Cycle Fund's equity portfolio is split as: Large Cap: 31.11%, Mid Cap: 27.42%, Small Cap: 38.78%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Sundaram Business Cycle Fund invest in most?
Sundaram Business Cycle Fund has the highest allocation to Banks (9.60%), Finance (8.95%), Retailing (8.17%). The fund is invested across 24 sectors in total.
How actively managed is Sundaram Business Cycle Fund compared to other Sectoral / Thematic funds?
Sundaram Business Cycle Fund has an Active Share of 83.65%, 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 Sundaram Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Sundaram Business Cycle Fund added 9 new stocks (including Oracle Financial Services Software Ltd) and exited 8 stocks (including Kotak Mahindra Bank Ltd). Total holding count increased from 44 to 45 stocks.