Tata Business Cycle Fund
The fund is heavily positioned for cyclical recovery, with pronounced tilts toward banks, financials, and commodity-linked sectors like metals and power. The manager is aggressively rotating into infrastructure and energy plays—adding power and steel names while trimming consumer discretionary—signaling conviction that the business cycle is shifting toward capital-intensive, economically-sensitive businesses. The modest cash buildup and scale of position changes suggest tactical repositioning rather than defensive hedging.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹20.1363 | — | — | — | — |
| Regular Growth | ₹18.6736 | +2.10% | +0.89% | +16.26% | — |
| Direct IDCW | ₹20.1363 | — | — | — | — |
| Direct IDCW | ₹20.1363 | — | — | — | — |
| Regular IDCW | ₹18.6736 | — | — | — | — |
| Regular IDCW | ₹18.6736 | — | — | — | — |
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 |
|---|---|
| BHARAT HEAVY ELECTRICALS LTD | 1.00% |
| NHPC LTD | 0.50% |
| TALWANDI SABO POWER LTD | 0.34% |
| MALCO ENERGY LTD | 0.34% |
| VEDANTA IRON AND STEEL LTD | 0.34% |
| VEDANTA ALUMINIUM METAL LTD | 0.34% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | RELIANCE INDUSTRIES LTD INE002A01018 | 5.29% |
| 2 | HDFC BANK LTD INE040A01034 | 4.25% |
| 3 | JINDAL STEEL LTD INE749A01030 | 3.87% |
| 4 | METROPOLIS HEALTHCARE LTD INE112L01020 | 3.77% |
| 5 | AXIS BANK LTD INE238A01034 | 3.74% |
| 6 | CASH / NET CURRENT ASSET | 3.40% |
| 7 | LARSEN & TOUBRO LTD INE018A01030 | 3.08% |
| 8 | L&T FINANCE LTD INE498L01015 | 2.94% |
| 9 | DELHIVERY LTD INE148O01028 | 2.90% |
| 10 | CUMMINS INDIA LTD INE298A01020 | 2.66% |
| 11 | AMBUJA CEMENTS LTD INE079A01024 | 2.63% |
| 12 | LUPIN LTD INE326A01037 | 2.38% |
| 13 | PB FINTECH LTD INE417T01026 | 2.36% |
| 14 | APOLLO HOSPITALS ENTERPRISE LTD INE437A01024 | 2.31% |
| 15 | GODREJ PROPERTIES LTD INE484J01027 | 2.16% |
| 16 | TATA STEEL LTD INE081A01020 | 2.13% |
| 17 | ADANI ENERGY SOLUTIONS LTD INE931S01010 | 2.11% |
| 18 | SHRIRAM FINANCE LTD INE721A01047 | 2.05% |
| 19 | NIVA BUPA HEALTH INSURANCE COMPANY LTD INE995S01015 | 2.02% |
| 20 | ADANI POWER LTD INE814H01029 | 2.00% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Tata Business Cycle Fund hold?
Tata Business Cycle Fund holds 56 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.92% of NAV.
What is the largest holding in Tata Business Cycle Fund?
The largest position in Tata Business Cycle Fund is RELIANCE INDUSTRIES LTD, accounting for 5.29% of NAV in the Petroleum Products sector.
Is Tata Business Cycle Fund a concentrated or diversified fund?
With a Gini coefficient of 0.327, Tata Business Cycle Fund is well-diversified. The HHI concentration index is 22,810 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.92% of the portfolio.
What is the market cap allocation of Tata Business Cycle Fund?
Based on SEBI's AMFI classification, Tata Business Cycle Fund's equity portfolio is split as: Large Cap: 43.76%, Mid Cap: 25.29%, Small Cap: 22.37%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Tata Business Cycle Fund invest in most?
Tata Business Cycle Fund has the highest allocation to Banks (12.91%), Finance (7.98%), Healthcare Services (7.45%). The fund is invested across 29 sectors in total.
How actively managed is Tata Business Cycle Fund compared to other Sectoral / Thematic funds?
Tata Business Cycle Fund has an Active Share of 78.58%, 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 Tata Business Cycle Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Tata Business Cycle Fund added 6 new stocks (including BHARAT HEAVY ELECTRICALS LTD) and exited 1 stock (including VEDANT FASHIONS LTD). Total holding count increased from 54 to 59 stocks.