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Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Sectoral/Thematic
Portfolio Turnover Ratio : 52.00%. Category average turnover ratio is 154.05%. 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 : 98.67% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.67%
No of Stocks : 62 (Category Avg - 44.44) | Large Cap Investments : 54.32%| Mid Cap Investments : 14.52% | Small Cap Investments : 13.17% | Other : 16.66%

Portfolio Summary (as on 31st Aug,2025)

Particulars This Scheme Category
No. of Stocks 62 43.27
Top 5 Stock Weight 18.19% 33.08%
Top 10 Stock Weight 30.49% 50.26%
Top 3 Sector Weight 24.53% 44.06%
Particulars This Scheme Category
Average mcap (Cr) 129837.31 75015.38
Holdings in large cap stocks 54.32% 38.36%
Holdings in mid cap stocks 14.52% 14.77%
Holdings in small cap stocks 13.17% 13.31%

Top 10 Stocks holding in Portfolio (as on 31st Aug,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 568.5 4.70% -0.05% 6.02% (Apr 2025) 3.87% (Nov 2024) 4.19 L 0.00
Infosys Ltd. Computers - software & consulting 492.3 4.07% -0.05% 4.24% (Jun 2025) 0% (Sep 2024) 3.35 L 0.00
State Bank Of India Public sector bank 469.5 3.88% 0.08% 4.33% (Nov 2024) 2.76% (Sep 2024) 5.85 L 0.00
HDFC Bank Ltd. Private sector bank 341.8 2.83% -0.12% 7.64% (Feb 2025) 2.83% (Aug 2025) 3.59 L 1.80 L
ITC Limited Diversified fmcg 327.8 2.71% 0.02% 3.27% (Dec 2024) 2.42% (Nov 2024) 8.00 L 0.00
Hero Motocorp Ltd. 2/3 wheelers 310.4 2.57% 1.25% 2.57% (Aug 2025) 0% (Sep 2024) 61.00 k 23.00 k
Hindustan Unilever Ltd. Diversified fmcg 308.5 2.55% 0.17% 2.86% (Sep 2024) 2.1% (Jun 2025) 1.16 L 0.00
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 295.8 2.45% 0.60% 2.45% (Aug 2025) 1.65% (Dec 2024) 20.00 k 2.00 k
Bajaj Auto Ltd. 2/3 wheelers 293.5 2.43% 1.03% 2.43% (Aug 2025) 0% (Sep 2024) 34.00 k 12.50 k
Asahi India Glass Ltd. Auto components & equipments 277.8 2.30% 0.03% 2.3% (Aug 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 31st Aug,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 5.82 568.5 4.70% -0.05% 6.02% (Apr 2025) 3.87% (Nov 2024) 4.19 L 0.00 Large Cap 54.32
Infosys Ltd. Computers - software & consulting 9.38 492.3 4.07% -0.05% 4.24% (Jun 2025) 0% (Sep 2024) 3.35 L 0.00 Large Cap 54.32
State Bank Of India Public sector bank 8.31 469.5 3.88% 0.08% 4.33% (Nov 2024) 2.76% (Sep 2024) 5.85 L 0.00 Large Cap 54.32
HDFC Bank Ltd. Private sector bank 6.84 341.8 2.83% -0.12% 7.64% (Feb 2025) 2.83% (Aug 2025) 3.59 L 1.80 L Other 16.66
ITC Limited Diversified fmcg 5.26 327.8 2.71% 0.02% 3.27% (Dec 2024) 2.42% (Nov 2024) 8.00 L 0.00 Large Cap 54.32
Hero Motocorp Ltd. 2/3 wheelers 5 310.4 2.57% 1.25% 2.57% (Aug 2025) 0% (Sep 2024) 61.00 k 23.00 k Large Cap 54.32
Hindustan Unilever Ltd. Diversified fmcg 5.26 308.5 2.55% 0.17% 2.86% (Sep 2024) 2.1% (Jun 2025) 1.16 L 0.00 Large Cap 54.32
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 2.45 295.8 2.45% 0.60% 2.45% (Aug 2025) 1.65% (Dec 2024) 20.00 k 2.00 k Large Cap 54.32
Bajaj Auto Ltd. 2/3 wheelers 5 293.5 2.43% 1.03% 2.43% (Aug 2025) 0% (Sep 2024) 34.00 k 12.50 k Large Cap 54.32
Asahi India Glass Ltd. Auto components & equipments 3.25 277.8 2.30% 0.03% 2.3% (Aug 2025) 1.05% (Mar 2025) 3.32 L 0.00 Small Cap 13.17
Indus Towers Ltd. Telecom - infrastructure 2.26 273.4 2.26% -0.13% 2.8% (Apr 2025) 2.26% (Aug 2025) 8.07 L 0.00 Large Cap 54.32
RBL Bank Ltd. Private sector bank 6.84 255.2 2.11% -0.02% 2.13% (Jul 2025) 0.62% (Jan 2025) 9.77 L 0.00 Mid Cap 14.52
Tech Mahindra Ltd. Computers - software & consulting 9.38 254.4 2.10% 0.05% 2.29% (Jun 2025) 1.27% (Mar 2025) 1.72 L 0.00 Large Cap 54.32
Grasim Industries Limited Cement & cement products 4.72 249.8 2.07% 0.06% 2.1% (Sep 2024) 1.86% (Dec 2024) 90.00 k 0.00 Large Cap 54.32
Divis Laboratories Ltd. Pharmaceuticals 4.71 248.3 2.05% -0.13% 2.34% (Nov 2024) 1.97% (Jan 2025) 40.50 k 0.00 Large Cap 54.32
J S W Energy Ltd. Power generation 3.71 244.2 2.02% -0.08% 2.1% (Jul 2025) 0% (Sep 2024) 5.00 L 0.00 Mid Cap 14.52
Whirlpool Of India Ltd. Household appliances 1.99 240.7 1.99% -0.02% 2.05% (Jun 2025) 0% (Sep 2024) 1.85 L 0.00 Mid Cap 14.52
Bajaj Finance Ltd. Non banking financial company (nbfc) 4.4 234.1 1.94% 0.02% 2.43% (Feb 2025) 0% (Sep 2024) 2.67 L 0.00 Other 16.66
Axis Bank Ltd. Private sector bank 6.84 229.9 1.90% -0.02% 3.17% (Mar 2025) 0% (Sep 2024) 2.20 L 0.00 Large Cap 54.32
Tata Steel Ltd. Iron & steel products 3.55 215 1.78% -0.01% 1.9% (Mar 2025) 1.04% (Dec 2024) 13.92 L 0.00 Other 16.66
APL Apollo Tubes Ltd. Iron & steel products 3.55 214.3 1.77% 0.03% 1.98% (May 2025) 0% (Sep 2024) 1.34 L 0.00 Other 16.66
National Thermal Power Corporation Ltd. Power generation 3.71 204.2 1.69% -0.01% 2.3% (Sep 2024) 1.65% (Jun 2025) 6.23 L 0.00 Large Cap 54.32
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 4.71 204.1 1.69% -0.09% 2.06% (Sep 2024) 1.69% (Aug 2025) 1.28 L 0.00 Large Cap 54.32
Wipro Ltd. Computers - software & consulting 9.38 199.5 1.65% 0.03% 1.68% (Jun 2025) 1.1% (Sep 2024) 8.00 L 0.00 Large Cap 54.32
Oil & Natural Gas Corporation Ltd. Oil exploration & production 1.59 191.6 1.59% -0.02% 2.03% (Sep 2024) 1.58% (Jun 2025) 8.20 L 0.00 Large Cap 54.32
Ultratech Cement Ltd. Cement & cement products 4.72 189.6 1.57% 0.07% 1.57% (Aug 2025) 0% (Sep 2024) 15.00 k 0.00 Large Cap 54.32
Tata Consultancy Services Ltd. Computers - software & consulting 9.38 188.9 1.56% 0.73% 2.63% (Jan 2025) 0.83% (Jul 2025) 61.23 k 27.50 k Large Cap 54.32
Piramal Enterprises Ltd. Other financial services 1.54 185.8 1.54% -0.15% 1.69% (Jul 2025) 1.27% (Sep 2024) 1.66 L 0.00 Large Cap 54.32
Coal India Ltd. Coal 1.5 181.1 1.50% 0.02% 2.06% (Mar 2025) 1% (Nov 2024) 4.83 L 0.00 Large Cap 54.32
Cesc Ltd. Integrated power utilities 1.45 175 1.45% -0.14% 1.81% (Dec 2024) 1.43% (Feb 2025) 11.50 L 0.00 Other 16.66
Punjab National Bank Public sector bank 8.31 171.2 1.42% -0.04% 1.48% (Jun 2025) 1.16% (Sep 2024) 16.97 L 0.00 Large Cap 54.32
GAIL (India) Ltd. Gas transmission/marketing 1.37 165.3 1.37% -0.01% 1.71% (Sep 2024) 1.37% (Aug 2025) 9.55 L 0.00 Large Cap 54.32
Ceat Ltd. Tyres & rubber products 1.31 158.9 1.31% -0.06% 1.57% (May 2025) 0% (Sep 2024) 50.73 k 0.00 Small Cap 13.17
Jio Financial Services Ltd. Non banking financial company (nbfc) 4.4 155.9 1.29% -0.05% 2.19% (Sep 2024) 1.29% (Aug 2025) 5.00 L 0.00 Other 16.66
- Kirloskar Brothers Ltd. Compressors, pumps & diesel engines 1.29 155.5 1.29% 0.00% 1.49% (Jun 2025) 1.14% (Feb 2025) 80.07 k 0.00 Small Cap 13.17
Balrampur Chini Mills Ltd. Sugar 2.22 152.8 1.26% -0.10% 1.54% (Oct 2024) 1.2% (Feb 2025) 2.85 L 0.00 Small Cap 13.17
Power Finance Corporation Ltd. Financial institution 1.26 151.9 1.26% 0.26% 1.26% (Aug 2025) 0.66% (May 2025) 4.00 L 1.00 L Mid Cap 14.52
Union Bank Of India Public sector bank 8.31 149.8 1.24% -0.04% 1.28% (Jul 2025) 0% (Sep 2024) 12.00 L 0.00 Mid Cap 14.52
Manappuram Finance Ltd. Non banking financial company (nbfc) 4.4 141.7 1.17% 0.05% 1.55% (Mar 2025) 0% (Sep 2024) 5.42 L 0.00 Mid Cap 14.52
Hindustan Petroleum Corporation Ltd. Refineries & marketing 5.82 135.3 1.12% -0.11% 1.47% (Sep 2024) 1.11% (Feb 2025) 3.60 L 0.00 Large Cap 54.32
The Ramco Cements Ltd. Cement & cement products 4.72 130.9 1.08% -0.12% 1.2% (Jul 2025) 0% (Sep 2024) 1.25 L 0.00 Mid Cap 14.52
Lakshmi Machine Works Ltd. Industrial products 1.07 129.6 1.07% -0.06% 1.21% (Jun 2025) 0.99% (Feb 2025) 9.19 k 0.00 Small Cap 13.17
Trent Limited Speciality retail 1.05 127.2 1.05% -0.18% 1.51% (Jan 2025) 0% (Sep 2024) 24.00 k -6.00 k Mid Cap 14.52
Adani Wilmar Ltd. Edible oil 1.05 127 1.05% -0.03% 1.15% (Apr 2025) 0% (Sep 2024) 5.05 L 0.00 Other 16.66
National Aluminium Co. Ltd. Aluminium 1.89 121 1.00% 0.02% 1.33% (Nov 2024) 0% (Sep 2024) 6.50 L 0.00 Small Cap 13.17
# Dabur India Ltd. Personal care 0.99 119.9 0.99% 0.99% 0.99% (Aug 2025) 0% (Sep 2024) 2.30 L 2.30 L Large Cap 54.32
GlaxoSmithKline Pharmaceuticals Ltd. Pharmaceuticals 4.71 116.8 0.97% -0.11% 1.16% (Oct 2024) 0.6% (Jan 2025) 41.94 k 0.00 Mid Cap 14.52
Triveni Engineering & Industries Ltd. Sugar 2.22 116.1 0.96% 0.04% 1.31% (Sep 2024) 0.92% (Jul 2025) 3.30 L 0.00 Small Cap 13.17
Belrise Industries Ltd. Auto components & equipments 3.25 115 0.95% -0.57% 1.52% (Jul 2025) 0% (Sep 2024) 8.24 L -5.26 L Other 16.66
Kajaria Ceramics Ltd. Ceramics 0.94 113.4 0.94% 0.22% 0.94% (Aug 2025) 0% (Sep 2024) 93.73 k 18.73 k Small Cap 13.17
Anthem Biosciences Ltd. Biotechnology 0.92 111.3 0.92% 0.16% 0.92% (Aug 2025) 0% (Sep 2024) 1.36 L 13.21 k Other 16.66
# Indian Bank Public sector bank 8.31 109.6 0.91% 0.91% 0.91% (Aug 2025) 0% (Sep 2024) 1.68 L 1.68 L Mid Cap 14.52
Hindalco Industries Ltd. Aluminium 1.89 107 0.89% -0.23% 1.27% (Sep 2024) 0.89% (Aug 2025) 1.52 L -0.50 L Large Cap 54.32
SP Apparels Ltd. Garments & apparels 0.86 104 0.86% -0.10% 1.16% (Sep 2024) 0.86% (Mar 2025) 1.43 L 0.00 Small Cap 13.17
Canara Bank Public sector bank 8.31 103.8 0.86% -0.01% 0.9% (Jun 2025) 0% (Sep 2024) 10.00 L 0.00 Other 16.66
V.I.P. Industries Ltd Plastic products - consumer 0.81 97.6 0.81% -0.04% 0.99% (Sep 2024) 0.58% (Mar 2025) 2.33 L 0.00 Small Cap 13.17
Technocraft Industires (India) Ltd. Spinning-cotton/blended 0.75 90.9 0.75% -0.19% 0.95% (Oct 2024) 0.74% (Apr 2025) 36.86 k 0.00 Small Cap 13.17
Aditya Birla Real Estate Ltd. Paper & paper products 0.72 86.7 0.72% -0.04% 1.18% (Sep 2024) 0.72% (Aug 2025) 49.55 k 0.00 Mid Cap 14.52
- Archean Chemical Industries Ltd. Specialty chemicals 1.32 84.8 0.70% 0.00% 0.79% (Nov 2024) 0.61% (Mar 2025) 1.29 L 0.00 Other 16.66
ISGEC Heavy Engineering Ltd. Civil construction 1.12 77.7 0.64% -0.07% 0.97% (Dec 2024) 0.64% (Aug 2025) 79.34 k 0.00 Other 16.66
Nocil Ltd. Specialty chemicals 1.32 75.2 0.62% -0.02% 1.05% (Oct 2024) 0.62% (Aug 2025) 4.25 L 0.00 Small Cap 13.17
Afcons Infrastructure Ltd. Civil construction 1.12 58.3 0.48% 0.03% 0.64% (Dec 2024) 0% (Sep 2024) 1.40 L 0.00 Other 16.66
Bank Of Baroda Public sector bank 8.31 184.4 0.00% -1.50% - - - - Large Cap 54.32
Sarda Energy & Minerals Ltd. Iron & steel products 3.55 139.7 0.00% -1.14% - - - - Other 16.66
Sanghvi Movers Ltd. Industrial equipment 45 0.00% -0.37% - - - - Other 16.66
Bharat Bijlee Ltd. Other electrical equipment 46 0.00% -0.37% - - - - Other 16.66
- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Aug,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# Dabur India Ltd. Personal care 119.9 0.99% 0.99% 0.99% (Aug 2025) 0% (Sep 2024) 2.30 L 230000
# Indian Bank Public sector bank 109.6 0.91% 0.91% 0.91% (Aug 2025) 0% (Sep 2024) 1.68 L 167791

Stocks removed from Portfolio (in 1 month period ending 31st Aug,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Bank Of Baroda Public sector bank 184.4 0.00% -1.50% 1.52% (Jun 2025) 0% (Sep 2024) 0.00 -775000
Sarda Energy & Minerals Ltd. Iron & steel products 139.7 0.00% -1.14% 2.03% (Feb 2025) 0% (Sep 2024) 0.00 -312100
Sanghvi Movers Ltd. Industrial equipment 45 0.00% -0.37% 0.69% (Oct 2024) 0% (Sep 2024) 0.00 -166034
Bharat Bijlee Ltd. Other electrical equipment 46 0.00% -0.37% 1.21% (Oct 2024) 0% (Sep 2024) 0.00 -15434

Trend in stock holdings (Top 15 Holding)

Stock Aug 2025 Jul 2025 Jun 2025 May 2025 Apr 2025 Mar 2025 Feb 2025 Jan 2025 Dec 2024 Nov 2024 Oct 2024 Sep 2024 Aug 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% 6.64%
Reliance Industries Ltd. 4.70% 4.75% 4.96% 4.88% 6.02% 5.13% 5.16% 5.02% 4.67% 3.87% 4.05% 4.36% 3.53%
State Bank Of India 3.88% 3.80% 3.95% 4.06% 4.09% 4.17% 3.98% 4.12% 4.10% 4.33% 3.73% 2.76% 2.63%
Infosys Ltd. 4.07% 4.12% 4.24% 3.14% 3.13% - - - 3.44% 3.79% 3.64% 3.78% 4.09%
ITC Limited 2.71% 2.69% 2.63% 2.74% 2.90% 2.90% 3.00% 3.13% 3.27% 2.42% 2.52% 2.59% 2.63%
Indus Towers Ltd. 2.26% 2.39% 2.68% 2.54% 2.80% 2.39% 2.47% 2.45% 2.33% 2.38% 2.36% 2.64% 3.23%
ICICI Bank Ltd. - - - - - - 2.57% 2.46% 2.44% - - - -
Indusind Bank Ltd. - - - - - - 2.49% 2.29% 2.15% 2.23% 2.40% 3.20% 2.41%
Hindustan Unilever Ltd. 2.55% 2.38% 2.10% 2.23% 2.31% 2.32% 2.41% 2.50% 2.28% 2.45% 2.52% 2.86% 2.81%
Divis Laboratories Ltd. 2.05% 2.18% 2.18% 2.20% 2.10% 2.07% 2.10% 1.97% 2.09% 2.34% 2.27% 2.04% 2.33%
J S W Energy Ltd. 2.02% 2.10% 2.06% - - - - - - - - - -
Bajaj Finance Ltd. 1.94% 1.92% 1.97% 2.01% 2.20% 2.38% 2.43% 2.07% 1.27% - - - -
Grasim Industries Limited 2.07% 2.01% 2.02% 1.88% 2.10% 2.08% 1.97% 1.97% 1.86% 1.98% 2.08% 2.10% 2.12%
Whirlpool Of India Ltd. 1.99% 2.01% 2.05% 1.88% 1.98% - - - - - - - -
Sun Pharmaceutical Industries Ltd. 1.69% 1.78% 1.69% 1.76% 2.00% 1.97% 1.93% 1.95% 2.04% 1.93% 2.03% 2.06% 2.03%
Name Type of Instrument Weight (%)
TREPS TREPS 1.19%
Net Receivables Net Receivables 0.14%

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