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Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Sectoral/Thematic
Portfolio Turnover Ratio : 59.00%. Category average turnover ratio is 203.09%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 99.02% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 99.02%
No of Stocks : 61 (Category Avg - 44.42) | Large Cap Investments : 54.16%| Mid Cap Investments : 14.79% | Small Cap Investments : 12.93% | Other : 17.14%

Portfolio Summary (as on 30th Sep,2025)

Particulars This Scheme Category
No. of Stocks 61 43.34
Top 5 Stock Weight 19.55% 32.63%
Top 10 Stock Weight 32.09% 49.7%
Top 3 Sector Weight 25.53% 43.81%
Particulars This Scheme Category
Average mcap (Cr) 126405.21 73374.89
Holdings in large cap stocks 54.16% 37.73%
Holdings in mid cap stocks 14.79% 14.7%
Holdings in small cap stocks 12.93% 13%

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Reliance Industries Ltd. Refineries & marketing 571.3 4.65% -0.05% 6.02% (Apr 2025) 3.87% (Nov 2024) 4.19 L 0.00
Infosys Ltd. Computers - software & consulting 483 3.93% -0.14% 4.24% (Jun 2025) 0% (Oct 2024) 3.35 L 0.00
State Bank Of India Public sector bank 475.5 3.87% -0.01% 4.33% (Nov 2024) 3.73% (Oct 2024) 5.45 L -0.40 L
Axis Bank Ltd. Private sector bank 464 3.78% 1.88% 3.78% (Sep 2025) 0% (Oct 2024) 4.10 L 1.90 L
Bajaj Auto Ltd. 2/3 wheelers 407.9 3.32% 0.89% 3.32% (Sep 2025) 0% (Oct 2024) 47.00 k 13.00 k
Hero Motocorp Ltd. 2/3 wheelers 333.8 2.72% 0.15% 2.72% (Sep 2025) 0% (Oct 2024) 61.00 k 0.00
ITC Limited Diversified fmcg 321.2 2.62% -0.09% 3.27% (Dec 2024) 2.42% (Nov 2024) 8.00 L 0.00
Bajaj Finance Ltd. Non banking financial company (nbfc) 306.3 2.50% 0.56% 2.5% (Sep 2025) 0% (Oct 2024) 3.07 L 40.00 k
Hindustan Unilever Ltd. Diversified fmcg 291.7 2.38% -0.17% 2.55% (Aug 2025) 2.1% (Jun 2025) 1.16 L 0.00
Asahi India Glass Ltd. Auto components & equipments 284.3 2.32% 0.02% 2.32% (Sep 2025) 1.05% (Mar 2025) 3.32 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.

Complete equity Portfolio (as on 30th Sep,2025)

Help me understand this table
Stock Invested in
Sector
Sector Total
Value(Mn)
% of Total Holdings
1M Change
1Y Highest Holding
1Y Lowest Holding
Quantity
1M Change in Qty
M-Cap
GroupName
Reliance Industries Ltd. Refineries & marketing 5.73 571.3 4.65% -0.05% 6.02% (Apr 2025) 3.87% (Nov 2024) 4.19 L 0.00 Large Cap 54.16
Infosys Ltd. Computers - software & consulting 8.89 483 3.93% -0.14% 4.24% (Jun 2025) 0% (Oct 2024) 3.35 L 0.00 Large Cap 54.16
State Bank Of India Public sector bank 10.6 475.5 3.87% -0.01% 4.33% (Nov 2024) 3.73% (Oct 2024) 5.45 L -0.40 L Large Cap 54.16
Axis Bank Ltd. Private sector bank 5.99 464 3.78% 1.88% 3.78% (Sep 2025) 0% (Oct 2024) 4.10 L 1.90 L Large Cap 54.16
Bajaj Auto Ltd. 2/3 wheelers 6.04 407.9 3.32% 0.89% 3.32% (Sep 2025) 0% (Oct 2024) 47.00 k 13.00 k Large Cap 54.16
Hero Motocorp Ltd. 2/3 wheelers 6.04 333.8 2.72% 0.15% 2.72% (Sep 2025) 0% (Oct 2024) 61.00 k 0.00 Large Cap 54.16
ITC Limited Diversified fmcg 5 321.2 2.62% -0.09% 3.27% (Dec 2024) 2.42% (Nov 2024) 8.00 L 0.00 Large Cap 54.16
Bajaj Finance Ltd. Non banking financial company (nbfc) 4.85 306.3 2.50% 0.56% 2.5% (Sep 2025) 0% (Oct 2024) 3.07 L 40.00 k Other 17.14
Hindustan Unilever Ltd. Diversified fmcg 5 291.7 2.38% -0.17% 2.55% (Aug 2025) 2.1% (Jun 2025) 1.16 L 0.00 Large Cap 54.16
Asahi India Glass Ltd. Auto components & equipments 3.38 284.3 2.32% 0.02% 2.32% (Sep 2025) 1.05% (Mar 2025) 3.32 L 0.00 Small Cap 12.93
Indus Towers Ltd. Telecom - infrastructure 2.25 276.8 2.25% -0.01% 2.8% (Apr 2025) 2.25% (Sep 2025) 8.07 L 0.00 Large Cap 54.16
RBL Bank Ltd. Private sector bank 5.99 271 2.21% 0.10% 2.21% (Sep 2025) 0.62% (Jan 2025) 9.77 L 0.00 Mid Cap 14.79
J S W Energy Ltd. Power generation 3.89 265.4 2.16% 0.14% 2.16% (Sep 2025) 0% (Oct 2024) 5.00 L 0.00 Mid Cap 14.79
Divis Laboratories Ltd. Pharmaceuticals 4.63 253.2 2.06% 0.01% 2.34% (Nov 2024) 1.97% (Jan 2025) 44.50 k 4.00 k Large Cap 54.16
Grasim Industries Limited Cement & cement products 5.96 248.1 2.02% -0.05% 2.1% (Apr 2025) 1.86% (Dec 2024) 90.00 k 0.00 Large Cap 54.16
Tech Mahindra Ltd. Computers - software & consulting 8.89 240.5 1.96% -0.14% 2.29% (Jun 2025) 1.27% (Mar 2025) 1.72 L 0.00 Large Cap 54.16
Punjab National Bank Public sector bank 10.6 236.6 1.93% 0.51% 1.93% (Sep 2025) 1.28% (Feb 2025) 20.97 L 4.00 L Large Cap 54.16
Tata Steel Ltd. Iron & steel products 3.74 234.9 1.91% 0.13% 1.91% (Sep 2025) 1.04% (Dec 2024) 13.92 L 0.00 Other 17.14
Union Bank Of India Public sector bank 10.6 228.5 1.86% 0.62% 1.86% (Sep 2025) 0% (Oct 2024) 16.50 L 4.50 L Mid Cap 14.79
APL Apollo Tubes Ltd. Iron & steel products 3.74 225.1 1.83% 0.06% 1.98% (May 2025) 0% (Oct 2024) 1.34 L 0.00 Other 17.14
Whirlpool Of India Ltd. Household appliances 1.8 220.5 1.80% -0.19% 2.05% (Jun 2025) 0% (Oct 2024) 1.85 L 0.00 Mid Cap 14.79
Power Finance Corporation Ltd. Financial institution 1.74 214.2 1.74% 0.48% 1.74% (Sep 2025) 0.66% (May 2025) 5.22 L 1.22 L Mid Cap 14.79
National Thermal Power Corporation Ltd. Power generation 3.89 212.2 1.73% 0.04% 2.18% (Oct 2024) 1.65% (Jun 2025) 6.23 L 0.00 Large Cap 54.16
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 4.63 204.1 1.66% -0.03% 2.04% (Dec 2024) 1.66% (Sep 2025) 1.28 L 0.00 Large Cap 54.16
Wipro Ltd. Computers - software & consulting 8.89 191.5 1.56% -0.09% 1.68% (Jun 2025) 1.13% (Mar 2025) 8.00 L 0.00 Large Cap 54.16
Coal India Ltd. Coal 1.53 188.4 1.53% 0.03% 2.06% (Mar 2025) 1% (Nov 2024) 4.83 L 0.00 Large Cap 54.16
The Ramco Cements Ltd. Cement & cement products 5.96 187.2 1.52% 0.44% 1.52% (Sep 2025) 0% (Oct 2024) 1.90 L 65.00 k Mid Cap 14.79
Cesc Ltd. Integrated power utilities 1.52 186.2 1.52% 0.07% 1.81% (Dec 2024) 1.43% (Feb 2025) 11.50 L 0.00 Other 17.14
# Piramal Finance Ltd. Non banking financial company (nbfc) 4.85 186.5 1.52% 1.52% 1.52% (Sep 2025) 0% (Oct 2024) 1.66 L 1.66 L Other 17.14
Canara Bank Public sector bank 10.6 185.6 1.51% 0.65% 1.51% (Sep 2025) 0% (Oct 2024) 15.00 L 5.00 L Other 17.14
Ultratech Cement Ltd. Cement & cement products 5.96 183.3 1.49% -0.08% 1.57% (Aug 2025) 0% (Oct 2024) 15.00 k 0.00 Large Cap 54.16
Kajaria Ceramics Ltd. Ceramics 1.46 179.4 1.46% 0.52% 1.46% (Sep 2025) 0% (Oct 2024) 1.54 L 60.00 k Small Cap 12.93
Tata Consultancy Services Ltd. Computers - software & consulting 8.89 176.9 1.44% -0.12% 2.63% (Jan 2025) 0.83% (Jul 2025) 61.23 k 0.00 Large Cap 54.16
Ceat Ltd. Tyres & rubber products 1.44 176.7 1.44% 0.13% 1.57% (May 2025) 0% (Oct 2024) 52.23 k 1.50 k Small Cap 12.93
Indian Bank Public sector bank 10.6 175.3 1.43% 0.52% 1.43% (Sep 2025) 0% (Oct 2024) 2.34 L 65.72 k Mid Cap 14.79
- GAIL (India) Ltd. Gas transmission/marketing 1.37 168.4 1.37% 0.00% 1.64% (Oct 2024) 1.37% (Sep 2025) 9.55 L 0.00 Large Cap 54.16
Kirloskar Brothers Ltd. Compressors, pumps & diesel engines 1.26 154.5 1.26% -0.03% 1.49% (Jun 2025) 1.14% (Mar 2025) 80.07 k 0.00 Small Cap 12.93
Hindalco Industries Ltd. Aluminium 2.38 153.9 1.25% 0.36% 1.25% (Sep 2025) 0.89% (Aug 2025) 2.02 L 50.00 k Large Cap 54.16
# Devyani International Ltd. Restaurants 1.24 152 1.24% 1.24% 1.24% (Sep 2025) 0% (Oct 2024) 9.05 L 9.05 L Other 17.14
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 1.18 144.3 1.18% -1.27% 2.45% (Aug 2025) 1.18% (Sep 2025) 9.00 k -0.11 L Large Cap 54.16
National Aluminium Co. Ltd. Aluminium 2.38 139 1.13% 0.13% 1.33% (Nov 2024) 0% (Oct 2024) 6.50 L 0.00 Small Cap 12.93
Hindustan Petroleum Corporation Ltd. Refineries & marketing 5.73 133 1.08% -0.04% 1.38% (Dec 2024) 1.08% (Sep 2025) 3.00 L -0.60 L Large Cap 54.16
Lakshmi Machine Works Ltd. Industrial products 1.08 132.6 1.08% 0.01% 1.21% (Jun 2025) 0.99% (Feb 2025) 9.19 k 0.00 Small Cap 12.93
Adani Wilmar Ltd. Edible oil 1.08 132.1 1.08% 0.03% 1.15% (Apr 2025) 0% (Oct 2024) 5.05 L 0.00 Other 17.14
Belrise Industries Ltd. Auto components & equipments 3.38 129.7 1.06% 0.11% 1.52% (Jul 2025) 0% (Oct 2024) 8.24 L 0.00 Other 17.14
# Supreme Petrochem Ltd. Petrochemicals 1.05 129 1.05% 1.05% 1.05% (Sep 2025) 0% (Oct 2024) 1.55 L 1.55 L Other 17.14
# Ambuja Cements Ltd. Cement & cement products 5.96 114 0.93% 0.93% 0.93% (Sep 2025) 0% (Oct 2024) 2.00 L 2.00 L Large Cap 54.16
Dabur India Ltd. Personal care 0.92 113 0.92% -0.07% 0.99% (Aug 2025) 0% (Oct 2024) 2.30 L 0.00 Large Cap 54.16
# Gokaldas Exports Ltd. Garments & apparels 1.75 112.3 0.91% 0.91% 0.91% (Sep 2025) 0% (Oct 2024) 1.56 L 1.56 L Small Cap 12.93
GlaxoSmithKline Pharmaceuticals Ltd. Pharmaceuticals 4.63 111.5 0.91% -0.06% 1.16% (Oct 2024) 0.6% (Jan 2025) 41.94 k 0.00 Mid Cap 14.79
Triveni Engineering & Industries Ltd. Sugar 1.04 110 0.90% -0.06% 1.26% (Dec 2024) 0.9% (Sep 2025) 3.30 L 0.00 Small Cap 12.93
SP Apparels Ltd. Garments & apparels 1.75 103.6 0.84% -0.02% 1.12% (Oct 2024) 0.84% (Sep 2025) 1.43 L 0.00 Small Cap 12.93
Anthem Biosciences Ltd. Biotechnology 0.84 103.6 0.84% -0.08% 0.92% (Aug 2025) 0% (Oct 2024) 1.36 L 0.00 Other 17.14
Manappuram Finance Ltd. Non banking financial company (nbfc) 4.85 101.7 0.83% -0.34% 1.55% (Mar 2025) 0% (Oct 2024) 3.62 L -1.80 L Mid Cap 14.79
V.I.P. Industries Ltd Plastic products - consumer 0.79 96.8 0.79% -0.02% 0.96% (Nov 2024) 0.58% (Mar 2025) 2.33 L 0.00 Small Cap 12.93
Technocraft Industires (India) Ltd. Spinning-cotton/blended 0.66 81.3 0.66% -0.09% 0.95% (Oct 2024) 0.66% (Sep 2025) 36.86 k 0.00 Small Cap 12.93
ISGEC Heavy Engineering Ltd. Civil construction 1.08 68.3 0.56% -0.08% 0.97% (Dec 2024) 0.56% (Sep 2025) 77.77 k -1.57 k Other 17.14
Oil & Natural Gas Corporation Ltd. Oil exploration & production 0.53 64.7 0.53% -1.06% 1.88% (Jan 2025) 0.53% (Sep 2025) 2.70 L -5.50 L Large Cap 54.16
Afcons Infrastructure Ltd. Civil construction 1.08 63.6 0.52% 0.04% 0.64% (Dec 2024) 0% (Oct 2024) 1.40 L 0.00 Other 17.14
Aditya Birla Real Estate Ltd. Paper & paper products 0.33 40.6 0.33% -0.39% 1.17% (Oct 2024) 0.33% (Sep 2025) 24.04 k -0.26 L Mid Cap 14.79
Balrampur Chini Mills Ltd. Sugar 1.04 16.7 0.14% -1.12% 1.54% (Oct 2024) 0.14% (Sep 2025) 36.63 k -2.48 L Small Cap 12.93
Trent Limited Speciality retail 127.2 0.00% -1.05% - - - - Mid Cap 14.79
Nocil Ltd. Specialty chemicals 75.2 0.00% -0.62% - - - - Small Cap 12.93
HDFC Bank Ltd. Private sector bank 5.99 341.8 0.00% -2.83% - - - - Other 17.14
Piramal Enterprises Ltd. Other financial services 185.8 0.00% -1.54% - - - - Large Cap 54.16
Jio Financial Services Ltd. Non banking financial company (nbfc) 4.85 155.9 0.00% -1.29% - - - - Other 17.14
Archean Chemical Industries Ltd. Specialty chemicals 84.8 0.00% -0.70% - - - - Other 17.14
- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# Gokaldas Exports Ltd. Garments & apparels 112.3 0.91% 0.91% 0.91% (Sep 2025) 0% (Oct 2024) 1.56 L 156009
# Piramal Finance Ltd. Non banking financial company (nbfc) 186.5 1.52% 1.52% 1.52% (Sep 2025) 0% (Oct 2024) 1.66 L 165900
# Devyani International Ltd. Restaurants 152 1.24% 1.24% 1.24% (Sep 2025) 0% (Oct 2024) 9.05 L 904588
# Ambuja Cements Ltd. Cement & cement products 114 0.93% 0.93% 0.93% (Sep 2025) 0% (Oct 2024) 2.00 L 200000
# Supreme Petrochem Ltd. Petrochemicals 129 1.05% 1.05% 1.05% (Sep 2025) 0% (Oct 2024) 1.55 L 155000

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Trent Limited Speciality retail 127.2 0.00% -1.05% 1.51% (Jan 2025) 0% (Oct 2024) 0.00 -24000
Nocil Ltd. Specialty chemicals 75.2 0.00% -0.62% 1.05% (Oct 2024) 0% (Oct 2024) 0.00 -424976
HDFC Bank Ltd. Private sector bank 341.8 0.00% -2.83% 7.64% (Feb 2025) 0% (Oct 2024) 0.00 -359200
Piramal Enterprises Ltd. Other financial services 185.8 0.00% -1.54% 1.69% (Jul 2025) 0% (Oct 2024) 0.00 -165900
Jio Financial Services Ltd. Non banking financial company (nbfc) 155.9 0.00% -1.29% 2.08% (Nov 2024) 0% (Oct 2024) 0.00 -500000
Archean Chemical Industries Ltd. Specialty chemicals 84.8 0.00% -0.70% 0.79% (Nov 2024) 0% (Oct 2024) 0.00 -129264

Trend in stock holdings (Top 15 Holding)

Stock Sep 2025 Aug 2025 Jul 2025 Jun 2025 May 2025 Apr 2025 Mar 2025 Feb 2025 Jan 2025 Dec 2024 Nov 2024 Oct 2024 Sep 2024
HDFC Bank Ltd. - 2.83% 2.95% 2.84% 2.86% 3.19% 5.10% 7.64% 6.90% 6.97% 7.06% 6.93% 6.71%
Reliance Industries Ltd. 4.65% 4.70% 4.75% 4.96% 4.88% 6.02% 5.13% 5.16% 5.02% 4.67% 3.87% 4.05% 4.36%
State Bank Of India 3.87% 3.88% 3.80% 3.95% 4.06% 4.09% 4.17% 3.98% 4.12% 4.10% 4.33% 3.73% 2.76%
Infosys Ltd. 3.93% 4.07% 4.12% 4.24% 3.14% 3.13% - - - 3.44% 3.79% 3.64% 3.78%
ITC Limited 2.62% 2.71% 2.69% 2.63% 2.74% 2.90% 2.90% 3.00% 3.13% 3.27% 2.42% 2.52% 2.59%
ICICI Bank Ltd. - - - - - - - 2.57% 2.46% 2.44% - - -
Indusind Bank Ltd. - - - - - - - 2.49% 2.29% 2.15% 2.23% 2.40% 3.20%
Indus Towers Ltd. 2.25% 2.26% 2.39% 2.68% 2.54% 2.80% 2.39% 2.47% 2.45% 2.33% 2.38% 2.36% 2.64%
Hindustan Unilever Ltd. 2.38% 2.55% 2.38% 2.10% 2.23% 2.31% 2.32% 2.41% 2.50% 2.28% 2.45% 2.52% 2.86%
Divis Laboratories Ltd. 2.06% 2.05% 2.18% 2.18% 2.20% 2.10% 2.07% 2.10% 1.97% 2.09% 2.34% 2.27% 2.04%
J S W Energy Ltd. 2.16% 2.02% 2.10% 2.06% - - - - - - - - -
Bajaj Finance Ltd. 2.50% 1.94% 1.92% 1.97% 2.01% 2.20% 2.38% 2.43% 2.07% 1.27% - - -
Grasim Industries Limited 2.02% 2.07% 2.01% 2.02% 1.88% 2.10% 2.08% 1.97% 1.97% 1.86% 1.98% 2.08% 2.10%
Axis Bank Ltd. 3.78% 1.90% 1.92% 1.14% 1.17% 1.46% 3.17% 1.20% - - - - -
Whirlpool Of India Ltd. 1.80% 1.99% 2.01% 2.05% 1.88% 1.98% - - - - - - -
Name Type of Instrument Weight (%)
TREPS TREPS 0.53%
Net Receivables Net Receivables 0.45%

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