Scheme

DSP Business Cycle Fund

Holds 55 companies worth ₹1,219 Cr in Sept 2026.

Fund house
DSPThe fund house that runs this scheme.
AUM
₹1,474 CrDSP Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.3% on Aug 2026, ₹1,469 Cr.
Largest holding
ICICI BankICICI Bank is 9.8% of this scheme's NAV.
Fund manager
Anish TawakleyRuns it since 1 May 2026, as the fund house dates it. With Aparna Karnik (co-manager), Sandeep Yadav (co-manager).

Holdings^{(Dec 2024 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	55 companies ·	₹ Cr
	ICICI Bank	145
	HDFC Bank	141
	Axis Bank	79.9
	Bharti Airtel Limited	65.5
	Larsen and Toubro	58.7
	Reliance Industries	46
	Mahindra and Mahindra Limited	45.8
	NTPC	40
	UltraTech Cement Limited	39.6
	DLF	39.4
	Asian Paints	38.7
	MARUTI SUZUKI INDA LIMITED	33.9
	Hero MotoCorp	33.5
	HDFC Life Insurance Co Ltd	23.8
	Hyundai Motor India Limited	21.4
	SCHAEFFLER I LTD	18.3
	Page Industries	17.6
	Voltas	17.5
	Interglobe Aviation Limited	16.6
	Shree Cement	15.6
	Power Grid Corporation of India	15.4
	LIC of India Ltd	14.1
	Multi Commodity Exchange of India Limited	14
	Oil and Natural Gas Corporation Limited	13.7
	ICICI Prudential Life Insurance Co Ltd	12.6
	State Bank of India	12.5
	Info Edge India Limited	12.2
	Bharat Petroleum Corp Ltd	12
	Apollo Tyres	11.6
	United Breweries Limited	11.4
	SBI Life Insurance Co Ltd	11.4
	Hindustan Petroleum Corp Ltd	10
	Max Financial Services Limited	10
	Timken India	9.8
	Bayer Cropscience	9.7
	Carborundum Universal Limited	8.8
	Bank of Baroda	7.8
	HDFC Asset Management Co Ltd	7.6
	Sudarshan Chemical Industries Limited	6.8
	Nippon Life Asset Management Limited	6.8
	Hindustan Aeronautics Limited	6.6
	Bharti Infratel	6.3
	Canara HSBC Life Insurance Co Ltd	6.1
	TVS Motor Co Ltd	5.7
	Siemens	5.7
	Trent	5.4
	Nuvoco Vistas Corp Limited	4.2
	Aditya Birla Sun Life AMC Limited	3.9
	Computer Age Management Services Limited	3.5
	La Opala RG Limited	3.4

ICICI Bank
HDFC Bank

Market value of each ticked company in DSP Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	ICICI Bank	HDFC Bank
Sept 2025	₹30 Cr	₹0 Cr
Oct 2025	₹30 Cr	₹0 Cr
Nov 2025	₹31 Cr	₹0 Cr
Dec 2025	₹29.9 Cr	₹0 Cr
Jan 2026	₹30.2 Cr	₹0 Cr
Feb 2026	₹30.7 Cr	₹0 Cr
Mar 2026	₹26.9 Cr	₹0 Cr
Apr 2026	₹76.1 Cr	₹90 Cr
May 2026	₹98.9 Cr	₹108 Cr
Jun 2026	₹117 Cr	₹116 Cr
Jul 2026	₹132 Cr	₹126 Cr
Aug 2026	₹139 Cr	₹125 Cr
Sept 2026	₹145 Cr	₹141 Cr

Fig. 1.Market value of each ticked company in DSP Business Cycle Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	28	65.09

Mid Cap	13	12.39

Small Cap	13	5.18

Unlisted	1	0.050

Cash & others		17.29

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

ICICI Bank	Equity	Banks	11L	145	9.85
HDFC Bank	Equity	Banks	19.9L	141	9.55
Axis Bank	Equity	Banks	6.52L	79.9	5.42
Bharti Airtel Limited	Equity	Telecom - Services	3.73L	65.5	4.44
Larsen and Toubro	Equity	Construction	1.56L	58.7	3.98
Reliance Industries	Equity	Petroleum Products	3.87L	46	3.12
Mahindra and Mahindra Limited	Equity	Automobiles	1.55L	45.8	3.11
NTPC	Equity	Power	12.4L	40	2.71
UltraTech Cement Limited	Equity	Cement & Cement Products	36.1K	39.6	2.68
DLF	Equity	Realty	5.84L	39.4	2.67
Asian Paints	Equity	Consumer Durables	1.61L	38.7	2.63
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	28.4K	33.9	2.30
Hero MotoCorp	Equity	Automobiles	64K	33.5	2.28
HDFC Life Insurance Co Ltd	Equity	Insurance	4.56L	23.8	1.61
Hyundai Motor India Limited	Equity	Automobiles	1.06L	21.4	1.45
SCHAEFFLER I LTD	Equity	Auto Components	47K	18.3	1.24
Page Industries	Equity	Textiles & Apparels	4.83K	17.6	1.19
Voltas	Equity	Consumer Durables	1.63L	17.5	1.18
Interglobe Aviation Limited	Equity	Transport Services	33.4K	16.6	1.13
Shree Cement	Equity	Cement & Cement Products	6.97K	15.6	1.06
Power Grid Corporation of India	Equity	Power	5.89L	15.4	1.04
LIC of India Ltd	Equity	Insurance	3.57L	14.1	0.96
Multi Commodity Exchange of India Limited	Equity	Capital Markets	42.5K	14	0.95
Oil and Natural Gas Corporation Limited	Equity	Oil	6.06L	13.7	0.93
ICICI Prudential Life Insurance Co Ltd	Equity	Insurance	2.84L	12.6	0.86
State Bank of India	Equity	Banks	1.3L	12.5	0.85
Info Edge India Limited	Equity	Retailing	99.7K	12.2	0.83
Bharat Petroleum Corp Ltd	Equity	Petroleum Products	3.96L	12	0.81
Apollo Tyres	Equity	Auto Components	2.85L	11.6	0.78
United Breweries Limited	Equity	Beverages	98.2K	11.4	0.77
SBI Life Insurance Co Ltd	Equity	Insurance	66.9K	11.4	0.77
Hindustan Petroleum Corp Ltd	Equity	Petroleum Products	2.86L	10	0.68
Max Financial Services Limited	Equity	Insurance	72.5K	10	0.68
Timken India	Equity	Industrial Products	31.2K	9.8	0.66
Bayer Cropscience	Equity	Fertilizers & Agrochemicals	26.8K	9.7	0.66
Carborundum Universal Limited	Equity	Industrial Products	70.4K	8.8	0.60
Bank of Baroda	Equity	Banks	3.37L	7.8	0.53
HDFC Asset Management Co Ltd	Equity	Capital Markets	33.3K	7.6	0.52
Sudarshan Chemical Industries Limited	Equity	Chemicals & Petrochemicals	56.8K	6.8	0.46
Nippon Life Asset Management Limited	Equity	Capital Markets	63.9K	6.8	0.46
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	14.1K	6.6	0.45
Bharti Infratel	Equity	Telecom - Services	1.7L	6.3	0.43
Canara HSBC Life Insurance Co Ltd	Equity	Insurance	4.08L	6.1	0.41
TVS Motor Co Ltd	Equity	Automobiles	14K	5.7	0.39
Siemens	Equity	Electrical Equipment	15.3K	5.7	0.39
Trent	Equity	Retailing	20.6K	5.4	0.37
Nuvoco Vistas Corp Limited	Equity	Cement & Cement Products	1.24L	4.2	0.28
Aditya Birla Sun Life AMC Limited	Equity	Capital Markets	39.4K	3.9	0.27
Computer Age Management Services Limited	Equity	Capital Markets	52.6K	3.5	0.24
La Opala RG Limited	Equity	Consumer Durables	2.16L	3.4	0.23
Atul	Equity	Chemicals & Petrochemicals	5.5K	3.3	0.22
Chalet Hotels Limited	Equity	Leisure Services	37.3K	3.2	0.21
Siemens Energy India Limited	Equity	Electrical Equipment	9.67K	3.1	0.21
Birla Corporation Limited	Equity	Cement & Cement Products	27.7K	2.3	0.16
GSPL Transmission Limited	Equity	Gas	49.1K	0.71	0.050

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.