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Sectoral / ThematicVery High RiskHDFC Mutual Fund

HDFC Business Cycle Fund

Portfolio as on Sep 2026 · 61 equity positions

Equity positions
61
Equity value
₹2,301 Cr
Top holding
5.69%
Bharti Airtel Ltd
NAV per unit
₹14.64
Sep 2026
Avg AUM
₹2,744 Cr
Own another fund too? See how much they overlap →

The portfolio at a glance

HDFC Business Cycle Fund is a Sectoral / Thematic scheme from HDFC MF. Its Sep 2026 portfolio holds 61 stocks, and its average assets under management are ₹2,744 Cr.

Its largest position is Bharti Airtel at 5.69% of the portfolio, and the ten largest together make up 38.73%.

By sector, Banks is the largest at 18.92% of the equity portfolio, followed by Finance (9.70%) and Retailing (8.86%).

Hold other funds too? The fund overlap tool shows how many of these stocks they share. A scheme's official riskometer is in its factsheet on the fund house's website.

NAV history

Chart will appear once NAV history has been loaded from AMFI (next monthly ingestion run).

Sector allocation

Banks: 19% · ₹435 Cr · 5 fundsFinance: 10% · ₹223 Cr · 4 fundsRetailing: 9% · ₹204 Cr · 4 fundsPharmaceuticals & Biotechnology: 8% · ₹195 Cr · 4 fundsTelecom - Services: 7% · ₹151 Cr · 1 fundsPower: 6% · ₹127 Cr · 3 fundsConsumer Durables: 5% · ₹124 Cr · 2 fundsOther: 37% · ₹842 Cr · 38 funds
61stocks
  • Banks19%
  • Finance10%
  • Retailing9%
  • Pharmaceuticals & Biotechnology8%
  • Telecom - Services7%
  • Power6%
  • Consumer Durables5%
  • Other37%

Top holdings

Top 10 holdings make up 38.7% of the portfolio · top 5 = 24.5%.

61 stocks
#
1Bharti AirtelTelecom - Services₹150.57 Cr
5.69%
2Kotak Mahindra BankBanks₹140.57 Cr
5.31%
3ICICI BankBanks₹137.72 Cr
5.21%
4Titan CompanyConsumer Durables₹118.07 Cr
4.46%
5Anthem BiosciencesPharmaceuticals & Biotechnology₹100.02 Cr
3.78%
6Pearl Global IndustriesTextiles & Apparels₹86.76 Cr
3.28%
7HDFC BankBanks₹85.75 Cr
3.24%
8EternalRetailing₹75.71 Cr
2.86%
9Vishal Mega MartRetailing₹66.65 Cr
2.52%
10Clean Max Enviro Energy SolutionsPower₹63.02 Cr
2.38%
11Cholamandalam Investment & Finance Co.Finance₹60.21 Cr
2.28%
12IndusInd BankBanks₹59.22 Cr
2.24%
13Home First Finance Company IndiaFinance₹59.11 Cr
2.23%
14Bajaj AutoAutomobiles₹59.07 Cr
2.23%
15Aadhar Housing FinanceFinance₹57.53 Cr
2.17%
16Acme Solar HoldingsPower₹53.78 Cr
2.03%
17Aether IndustriesChemicals & Petrochemicals₹51.44 Cr
1.94%
18SwiggyRetailing₹51.19 Cr
1.93%
19Aptus Value Housing Finance IndiaFinance₹46.29 Cr
1.75%
20Fortis HealthcareHealthcare Services₹45.14 Cr
1.71%
21Eris LifesciencesPharmaceuticals & Biotechnology₹44.79 Cr
1.69%
22Mankind PharmaPharmaceuticals & Biotechnology₹36.16 Cr
1.37%
23KSBIndustrial Products₹34.79 Cr
1.31%
24Bharat DynamicsAerospace & Defense₹34.44 Cr
1.30%
25ICICI Prudential Asset Management CompanyCapital Markets₹33.72 Cr
1.27%
26GE Vernova T&D IndiaElectrical Equipment₹31.88 Cr
1.20%
27Le Travenues TechnologyLeisure Services₹31.06 Cr
1.17%
28Glass Wall Systems (India)Other Construction Materials₹30.99 Cr
1.17%
29Global HealthHealthcare Services₹30.71 Cr
1.16%
30Interglobe AviationTransport Services₹30.59 Cr
1.16%
31Leela Palaces Hotels & ResortsLeisure Services₹27.31 Cr
1.03%
32SRFChemicals & Petrochemicals₹26.71 Cr
1.01%
33PB FintechFinancial Technology (Fintech)₹25.90 Cr
0.98%
34Chalet HotelsLeisure Services₹24.68 Cr
0.93%
35CG Power and Industrial SolutionsElectrical Equipment₹23.28 Cr
0.88%
36Timken IndiaIndustrial Products₹22.53 Cr
0.85%
37Adani Ports and Special Economic ZoneTransport Infrastructure₹21.49 Cr
0.81%
38Dhoot TransmissionAuto Components₹17.09 Cr
0.65%
39Sona Blw Precision ForgingsAuto Components₹14.94 Cr
0.56%
40Torrent PharmaceuticalsPharmaceuticals & Biotechnology₹14.40 Cr
0.54%
41G R InfraprojectsConstruction₹13.66 Cr
0.52%
42BoschAuto Components₹13.66 Cr
0.52%
43RHI Magnesita IndiaIndustrial Products₹13.54 Cr
0.51%
44WeWork India ManagementCommercial Services & Supplies₹13.15 Cr
0.50%
45Axis BankBanks₹12.16 Cr
0.46%
46JSW EnergyPower₹10.32 Cr
0.39%
47Brainbees SolutionsRetailing₹10.29 Cr
0.39%
48RentomojoCommercial Services & Supplies₹10.11 Cr
0.38%
49Ola Electric MobilityAutomobiles₹10.01 Cr
0.38%
50Awfis Space SolutionsCommercial Services & Supplies₹7.86 Cr
0.30%
51Grindwell NortonIndustrial Products₹7.17 Cr
0.27%
52PNC InfratechConstruction₹6.85 Cr
0.26%
53Lumino IndustriesIndustrial Products₹6.74 Cr
0.25%
54Ceigall IndiaConstruction₹6.60 Cr
0.25%
55INDO-MIMIndustrial Manufacturing₹6.40 Cr
0.24%
56ShiprocketTransport Services₹6.21 Cr
0.23%
57Crompton Greaves Consumer ElectricalsConsumer Durables₹5.61 Cr
0.21%
58Sula VineyardsBeverages₹5.19 Cr
0.20%
59Star Health and Allied Insurance CompanyInsurance₹3.97 Cr
0.15%
60Afcons InfrastructureConstruction₹3.28 Cr
0.12%
61Tempsens Instruments (India)Industrial Manufacturing₹3.04 Cr
0.11%

HDFC Business Cycle Fund — FAQ

What are the top holdings of HDFC Business Cycle Fund?
HDFC Business Cycle Fund holds 61 equity positions; the largest is Bharti Airtel Ltd at 5.69% of the portfolio, as on Sep 2026. Information only, not investment advice.
How concentrated is HDFC Business Cycle Fund?
Its single largest equity position is Bharti Airtel Ltd, at 5.69% of the fund's disclosed portfolio.
As of when is this HDFC Business Cycle Fund portfolio?
Portfolio as on Sep 2026, taken from HDFC Mutual Fund's public monthly portfolio disclosure.
What is the NAV of HDFC Business Cycle Fund?
The latest NAV (Net Asset Value) of HDFC Business Cycle Fund is ₹14.64 per unit, as on Sep 2026, sourced from AMFI's public scheme data. NAV changes daily with market movements. Information only, not investment advice.
What is the AUM of HDFC Business Cycle Fund?
HDFC Business Cycle Fund has a Monthly Average AUM (Assets Under Management) of ₹2,744 Cr, as per AMFI's latest published data. AUM reflects the total market value of all assets managed across all plans of this scheme. Information only, not investment advice.

Similar funds

How much does HDFC Business Cycle overlap with ICICI Technology? →

Equity holdings only, ISIN-verified, from HDFC Mutual Fund's public monthly portfolio disclosure (Sep 2026). Not investment advice.
Weight = the position as a % of this fund's portfolio. Values in ₹: L = Lakh (1,00,000), Cr = Crore (1,00,00,000).