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Tata Business Cycle Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : Sectoral/Thematic
Fund House : Tata Mutual Fund
Portfolio Turnover Ratio : 58.67%. 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 : 97.94% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.94%
No of Stocks : 60 (Category Avg - 44.42) | Large Cap Investments : 40.9%| Mid Cap Investments : 21.52% | Small Cap Investments : 6.36% | Other : 29.16%

Portfolio Summary (as on 30th Sep,2025)

Particulars This Scheme Category
No. of Stocks 60 43.34
Top 5 Stock Weight 20.52% 32.63%
Top 10 Stock Weight 33.47% 49.7%
Top 3 Sector Weight 28.62% 43.81%
Particulars This Scheme Category
Average mcap (Cr) 102151.48 73374.89
Holdings in large cap stocks 40.9% 37.73%
Holdings in mid cap stocks 21.52% 14.7%
Holdings in small cap stocks 6.36% 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 1767.6 6.25% 0.05% 6.3% (Jun 2025) 3.86% (Oct 2024) 12.96 L 0.00
HDFC Bank Ltd. Private sector bank 1381.1 4.88% 0.01% 6.32% (Apr 2025) 4.57% (Oct 2024) 14.52 L 0.00
Jindal Steel Ltd. Iron & steel products 989.9 3.50% 0.56% 3.5% (Sep 2025) 0.79% (Jan 2025) 9.31 L 50.00 k
Axis Bank Ltd. Private sector bank 880.3 3.11% 0.24% 3.25% (Apr 2025) 2.38% (Nov 2024) 7.78 L 0.00
Larsen & Toubro Ltd. Civil construction 786.5 2.78% 0.05% 2.8% (Jan 2025) 2.53% (Apr 2025) 2.15 L 0.00
Metropolis Healthcare Ltd. Healthcare service provider 780.1 2.76% 0.05% 2.76% (Sep 2025) 1.44% (Mar 2025) 3.83 L 31.80 k
Ambuja Cements Ltd. Cement & cement products 733 2.59% 0.04% 2.63% (Jul 2025) 0.92% (Nov 2024) 12.86 L 0.00
Kotak Mahindra Bank Ltd. Private sector bank 732.8 2.59% 0.05% 4.11% (Mar 2025) 2.22% (Oct 2024) 3.68 L 0.00
L&T Finance Holdings Ltd. Investment company 713.5 2.52% 0.87% 2.52% (Sep 2025) 0% (Oct 2024) 28.62 L 7.07 L
Lupin Ltd. Pharmaceuticals 704.1 2.49% 0.03% 2.74% (Feb 2025) 0% (Oct 2024) 3.68 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 6.25 1767.6 6.25% 0.05% 6.3% (Jun 2025) 3.86% (Oct 2024) 12.96 L 0.00 Large Cap 40.9
HDFC Bank Ltd. Private sector bank 14.08 1381.1 4.88% 0.01% 6.32% (Apr 2025) 4.57% (Oct 2024) 14.52 L 0.00 Other 29.16
Jindal Steel Ltd. Iron & steel products 3.5 989.9 3.50% 0.56% 3.5% (Sep 2025) 0.79% (Jan 2025) 9.31 L 50.00 k Mid Cap 21.52
Axis Bank Ltd. Private sector bank 14.08 880.3 3.11% 0.24% 3.25% (Apr 2025) 2.38% (Nov 2024) 7.78 L 0.00 Large Cap 40.9
Larsen & Toubro Ltd. Civil construction 3.6 786.5 2.78% 0.05% 2.8% (Jan 2025) 2.53% (Apr 2025) 2.15 L 0.00 Large Cap 40.9
Metropolis Healthcare Ltd. Healthcare service provider 3.56 780.1 2.76% 0.05% 2.76% (Sep 2025) 1.44% (Mar 2025) 3.83 L 31.80 k Other 29.16
Ambuja Cements Ltd. Cement & cement products 8.29 733 2.59% 0.04% 2.63% (Jul 2025) 0.92% (Nov 2024) 12.86 L 0.00 Large Cap 40.9
Kotak Mahindra Bank Ltd. Private sector bank 14.08 732.8 2.59% 0.05% 4.11% (Mar 2025) 2.22% (Oct 2024) 3.68 L 0.00 Large Cap 40.9
L&T Finance Holdings Ltd. Investment company 2.52 713.5 2.52% 0.87% 2.52% (Sep 2025) 0% (Oct 2024) 28.62 L 7.07 L Mid Cap 21.52
Lupin Ltd. Pharmaceuticals 3.97 704.1 2.49% 0.03% 2.74% (Feb 2025) 0% (Oct 2024) 3.68 L 0.00 Large Cap 40.9
Shree Cement Ltd. Cement & cement products 8.29 642.1 2.27% 0.01% 2.33% (Jul 2025) 0% (Oct 2024) 21.94 k 0.00 Large Cap 40.9
Cummins India Ltd. Compressors, pumps & diesel engines 2.26 638.5 2.26% 0.07% 2.26% (Sep 2025) 1.56% (Apr 2025) 1.63 L 0.00 Mid Cap 21.52
Godrej Properties Ltd. Residential, commercial projects 2.81 611.9 2.16% 0.03% 2.26% (Jul 2025) 1.52% (Feb 2025) 3.11 L 0.00 Mid Cap 21.52
Delhivery Ltd. Logistics solution provider 2.1 594.4 2.10% 0.13% 2.1% (Sep 2025) 0% (Oct 2024) 13.21 L 1.27 L Other 29.16
Bharti Airtel Ltd. Telecom - cellular & fixed line services 2.09 591.7 2.09% -0.01% 4.28% (Mar 2025) 2.08% (Jul 2025) 3.15 L 0.00 Large Cap 40.9
KEC International Ltd. Heavy electrical equipment 2 564.4 2.00% 0.16% 2.31% (Dec 2024) 1.75% (Feb 2025) 6.47 L 0.00 Small Cap 6.36
HDFC Life Insurance Company Ltd. Life insurance 1.98 561 1.98% -0.04% 2.25% (May 2025) 1.7% (Dec 2024) 7.42 L 0.00 Large Cap 40.9
Niva Bupa Health Insurance Company Ltd. General insurance 3.3 556.9 1.97% 0.01% 2.06% (Jul 2025) 0% (Oct 2024) 68.04 L 0.00 Other 29.16
Apollo Hospitals Enterprises Ltd. Hospital 1.92 543.9 1.92% -0.05% 1.97% (Aug 2025) 1.13% (Nov 2024) 73.41 k 0.00 Mid Cap 21.52
PB Fintech Ltd. Financial technology (fintech) 1.91 540.7 1.91% 0.15% 1.91% (Sep 2025) 0.97% (Feb 2025) 3.18 L 35.00 k Other 29.16
The Ramco Cements Ltd. Cement & cement products 8.29 502.3 1.78% -0.10% 2.07% (Jul 2025) 1.34% (Oct 2024) 5.10 L 0.00 Mid Cap 21.52
Hindalco Industries Ltd. Aluminium 1.66 468.6 1.66% 0.13% 1.66% (Sep 2025) 0% (Oct 2024) 6.15 L 0.00 Large Cap 40.9
Nuvoco Vistas Corporation Ltd. Cement & cement products 8.29 467.4 1.65% -0.14% 1.79% (Aug 2025) 1.25% (Mar 2025) 11.14 L 0.00 Other 29.16
Adani Energy Solutions Ltd. Power - transmission 2.81 449.1 1.59% 0.20% 1.59% (Sep 2025) 1.16% (Feb 2025) 5.15 L 0.00 Mid Cap 21.52
RBL Bank Ltd. Private sector bank 14.08 446.3 1.58% 0.10% 1.58% (Sep 2025) 0% (Oct 2024) 16.10 L 0.00 Mid Cap 21.52
ITC Limited Diversified fmcg 2.6 421.6 1.49% 0.48% 1.49% (Sep 2025) 0% (Oct 2024) 10.50 L 3.50 L Large Cap 40.9
Bajaj Finserv Ltd Holding company 2.71 421.3 1.49% 0.07% 1.49% (Sep 2025) 0.85% (Nov 2024) 2.10 L 0.00 Other 29.16
Alkem Laboratories Ltd. Pharmaceuticals 3.97 419.6 1.48% 0.03% 1.48% (Sep 2025) 0% (Oct 2024) 77.35 k 0.00 Mid Cap 21.52
Shriram Finance Ltd. Non banking financial company (nbfc) 2.26 405.3 1.43% 0.08% 1.55% (Jun 2025) 0% (Oct 2024) 6.58 L 0.00 Other 29.16
Havells India Ltd. Consumer electronics 1.41 399.5 1.41% -0.02% 1.5% (Apr 2025) 0% (Oct 2024) 2.66 L 0.00 Large Cap 40.9
ICICI Lombard General Insurance Co Ltd. General insurance 3.3 374.9 1.33% 0.04% 1.35% (Jan 2025) 0.99% (Dec 2024) 1.98 L 0.00 Large Cap 40.9
Asian Paints (india) Ltd. Paints 1.28 360.8 1.28% -0.08% 1.36% (Aug 2025) 0.98% (Dec 2024) 1.54 L 0.00 Large Cap 40.9
India Shelter Finance Corporation Ltd. Housing finance company 2.21 349 1.23% -0.10% 1.33% (Aug 2025) 0.89% (Nov 2024) 4.00 L 0.00 Other 29.16
Adani Ports And Special Economic Zone Ltd. Port & port services 1.23 348.3 1.23% 0.08% 1.23% (Sep 2025) 1% (Jan 2025) 2.48 L 0.00 Large Cap 40.9
Power Grid Corporation of India Ltd. Power - transmission 2.81 345.1 1.22% 0.03% 1.58% (Oct 2024) 1.19% (Aug 2025) 12.31 L 0.00 Large Cap 40.9
Acme Solar Holdings Ltd. Holding company 2.71 344.9 1.22% -0.03% 1.25% (Aug 2025) 0% (Oct 2024) 12.45 L 0.00 Other 29.16
- Bandhan Bank Ltd. Private sector bank 14.08 334.9 1.18% 0.00% 1.31% (Jun 2025) 1.1% (Mar 2025) 20.64 L 0.00 Large Cap 40.9
Pi Industries Ltd. Pesticides & agrochemicals 1.12 315.5 1.12% -0.05% 1.4% (Oct 2024) 1.06% (Feb 2025) 89.79 k 0.00 Mid Cap 21.52
Hindustan Unilever Ltd. Diversified fmcg 2.6 314.3 1.11% -0.06% 1.17% (Aug 2025) 0% (Oct 2024) 1.25 L 0.00 Large Cap 40.9
Power Finance Corporation Ltd. Financial institution 1.09 307.7 1.09% 0.09% 1.16% (Jan 2025) 0.94% (Dec 2024) 7.50 L 0.00 Mid Cap 21.52
Dabur India Ltd. Personal care 1.08 306.7 1.08% -0.07% 1.15% (Aug 2025) 0.62% (May 2025) 6.24 L 0.00 Large Cap 40.9
Varun Beverages Ltd. Other beverages 1.05 298.1 1.05% -0.10% 1.21% (Jul 2025) 0% (Oct 2024) 6.72 L 0.00 Other 29.16
Infosys Ltd. Computers - software & consulting 1.92 291 1.03% -0.02% 1.11% (Jan 2025) 0.86% (Apr 2025) 2.02 L 0.00 Large Cap 40.9
# Hindustan Aeronautics Ltd. Aerospace & defense 1.01 284.8 1.01% 1.01% 1.01% (Sep 2025) 0% (Oct 2024) 60.00 k 60.00 k Other 29.16
Aptus Value Housing Finance India Ltd. Housing finance company 2.21 276.5 0.98% 0.01% 1.01% (May 2025) 0.64% (Dec 2024) 8.65 L 0.00 Other 29.16
- 360 ONE WAM Ltd. Other financial services 0.97 275.5 0.97% 0.00% 0.98% (Jul 2025) 0% (Oct 2024) 2.69 L 0.00 Other 29.16
- Teamlease Services Ltd. Diversified commercial services 0.91 257.3 0.91% 0.00% 1.48% (Dec 2024) 0.86% (Oct 2024) 1.45 L 0.00 Small Cap 6.36
Coforge Ltd. Computers - software & consulting 1.92 250.6 0.89% -0.07% 1.01% (Jun 2025) 0% (Oct 2024) 1.58 L 0.00 Other 29.16
Gravita India Ltd. Industrial minerals 0.87 246.5 0.87% -0.03% 1.01% (Jul 2025) 0% (Oct 2024) 1.57 L 0.00 Small Cap 6.36
Five-Star Business Finance Ltd. Non banking financial company (nbfc) 2.26 233.7 0.83% -0.01% 1.03% (Feb 2025) 0.79% (Nov 2024) 4.36 L 0.00 Other 29.16
G R Infraprojects Ltd. Civil construction 3.6 231.5 0.82% -0.11% 1.2% (Nov 2024) 0.77% (Apr 2025) 1.90 L -0.22 L Other 29.16
DR. LAL PATHLABS Ltd. Healthcare service provider 3.56 225.8 0.80% -0.04% 0.84% (Aug 2025) 0% (Oct 2024) 72.43 k 0.00 Small Cap 6.36
DCB Bank Ltd. Private sector bank 14.08 210.1 0.74% 0.02% 0.84% (May 2025) 0.68% (Mar 2025) 16.58 L 0.00 Small Cap 6.36
Mahindra & Mahindra Ltd. Passenger cars & utility vehicles 0.73 206.9 0.73% 0.05% 0.73% (Sep 2025) 0% (Oct 2024) 60.38 k 0.00 Large Cap 40.9
Vedant Fashions Ltd. Speciality retail 1.32 202.6 0.72% -0.05% 1.46% (Nov 2024) 0.72% (Sep 2025) 2.94 L 0.00 Other 29.16
Tarc Ltd. Residential, commercial projects 2.81 184.5 0.65% 0.01% 0.97% (Oct 2024) 0.53% (Mar 2025) 11.75 L 0.00 Other 29.16
PVR Inox Ltd. Film production, distribution & exhibition 0.62 175.7 0.62% -0.03% 0.89% (Oct 2024) 0.53% (Jun 2025) 1.63 L 0.00 Small Cap 6.36
Go Fashion (India) Ltd. Speciality retail 1.32 168.9 0.60% -0.02% 0.82% (Jan 2025) 0.6% (Sep 2025) 2.51 L 0.00 Other 29.16
Aditya Birla Real Estate Ltd. Paper & paper products 0.52 146.2 0.52% -0.03% 0.86% (Nov 2024) 0.52% (Sep 2025) 86.55 k -3.09 k Mid Cap 21.52
SpiceJet Ltd. Airline 0.42 118.2 0.42% -0.11% 0.87% (Nov 2024) 0.42% (Sep 2025) 40.58 L 0.00 Small Cap 6.36
HCL Technologies Limited Computers - software & consulting 1.92 230.1 0.00% -0.81% - - - - Large Cap 40.9
Quess Corp Ltd. Business process outsourcing (bpo)/ knowledge process outsourcing (kpo) 108.5 0.00% -0.38% - - - - Small Cap 6.36
PNB Housing Finance Ltd. Housing finance company 2.21 177.4 0.00% -0.63% - - - - Mid Cap 21.52
State Bank Of India Public sector bank 294.6 0.00% -1.04% - - - - Large Cap 40.9
Bajaj Finance Ltd. Non banking financial company (nbfc) 2.26 251.6 0.00% -0.89% - - - - Other 29.16
- 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
# Hindustan Aeronautics Ltd. Aerospace & defense 284.8 1.01% 1.01% 1.01% (Sep 2025) 0% (Oct 2024) 60.00 k 60000

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
HCL Technologies Limited Computers - software & consulting 230.1 0.00% -0.81% 1.06% (Dec 2024) 0% (Oct 2024) 0.00 -158130
Quess Corp Ltd. Business process outsourcing (bpo)/ knowledge process outsourcing (kpo) 108.5 0.00% -0.38% 1.01% (Oct 2024) 0% (Oct 2024) 0.00 -404795
PNB Housing Finance Ltd. Housing finance company 177.4 0.00% -0.63% 0.87% (Jun 2025) 0% (Oct 2024) 0.00 -235409
State Bank Of India Public sector bank 294.6 0.00% -1.04% 2.06% (Nov 2024) 0% (Oct 2024) 0.00 -367125
Bajaj Finance Ltd. Non banking financial company (nbfc) 251.6 0.00% -0.89% 1.16% (Feb 2025) 0% (Oct 2024) 0.00 -286640

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. 4.88% 4.87% 5.06% 5.73% 6.22% 6.32% 6.22% 6.31% 5.77% 5.19% 4.74% 4.57% 3.89%
Reliance Industries Ltd. 6.25% 6.20% 6.02% 6.30% 5.65% 5.48% 5.16% 5.19% 4.87% 4.48% 4.30% 3.86% 4.12%
Jindal Steel Ltd. 3.50% 5.88% - - - - - - - - - - -
Jindal Steel & Power Ltd. - - 2.22% 2.10% 2.17% 1.85% 1.58% 1.06% 0.79% 0.89% 0.87% 0.88% 0.96%
ICICI Bank Ltd. - - - - 2.02% 2.04% 2.49% 2.85% 2.77% 4.00% 5.04% 3.82% 3.65%
Bharti Airtel Ltd. 2.09% 2.10% 2.08% 2.12% 2.49% 3.72% 4.28% 3.96% 3.53% 3.29% 3.37% 3.33% 2.35%
Kotak Mahindra Bank Ltd. 2.59% 2.54% 3.53% 3.75% 3.69% 4.03% 4.11% 3.13% 2.92% 2.62% 2.58% 2.22% 0.87%
Axis Bank Ltd. 3.11% 2.87% 2.87% 3.12% 3.19% 3.25% 2.93% 2.89% 2.62% 2.70% 2.38% 2.42% 1.42%
Larsen & Toubro Ltd. 2.78% 2.73% 2.70% 2.64% 2.72% 2.53% 2.74% 2.66% 2.80% 2.70% 2.78% 2.70% 2.65%
Lupin Ltd. 2.49% 2.46% 2.45% 2.39% 2.48% 2.72% 2.73% 2.74% 2.34% 2.33% 1.41% - -
Shree Cement Ltd. 2.27% 2.26% 2.33% 2.28% 2.23% 2.13% 0.61% - - - - - -
HDFC Life Insurance Company Ltd. 1.98% 2.02% 1.93% 2.02% 2.25% 2.21% 2.11% 1.88% 1.84% 1.70% 1.81% 1.98% 1.72%
KEC International Ltd. 2.00% 1.84% 1.92% 1.99% 1.85% 1.75% 1.86% 1.75% 1.78% 2.31% 2.03% 2.12% 2.17%
Metropolis Healthcare Ltd. 2.76% 2.71% 2.32% 1.80% 1.83% 1.51% 1.44% 1.56% 1.65% 1.82% 1.87% 1.87% 1.71%
Ambuja Cements Ltd. 2.59% 2.55% 2.63% 2.48% 2.45% 2.16% 1.99% 1.84% 1.89% 0.93% 0.92% 1.00% 0.84%
Cipla Ltd. - - - - - - 1.65% 1.72% 1.96% 2.15% 1.83% 1.84% 1.91%
Name Type of Instrument Weight (%)
Net Receivables Net Receivables 1.85%
Repo Repo 0.12%
MF Units MF Units 0.09%
MF Units MF Units 0.00%

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