Dezerv

Fund Overview

Fund Size

Fund Size

₹2,857 Cr

Expense Ratio

Expense Ratio

0.83%

ISIN

ISIN

INF179KC1DY9

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

30 Nov 2022

About this fund

HDFC Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 2 years, 6 months and 20 days, having been launched on 30-Nov-22.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹14.75, Assets Under Management (AUM) of 2856.70 Crores, and an expense ratio of 0.83%.
  • HDFC Business Cycle Fund Direct Growth has given a CAGR return of 16.42% since inception.
  • The fund's asset allocation comprises around 97.80% in equities, 0.00% in debts, and 2.20% in cash & cash equivalents.
  • You can start investing in HDFC Business Cycle Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+2.84%

(Cat Avg.)

Since Inception

+16.42%

(Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity2,793.99 Cr97.80%
Others62.71 Cr2.20%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity250.41 Cr8.77%
Tata Motors LtdEquity231.68 Cr8.11%
Bharti Airtel LtdEquity219.96 Cr7.70%
Eternal LtdEquity168.62 Cr5.90%
Axis Bank LtdEquity150.81 Cr5.28%
HDFC Bank LtdEquity117.67 Cr4.12%
Kotak Mahindra Bank LtdEquity84.03 Cr2.94%
Fortis Healthcare LtdEquity73.89 Cr2.59%
Adani Ports & Special Economic Zone LtdEquity71.98 Cr2.52%
Treps - Tri-Party RepoCash - Repurchase Agreement69.66 Cr2.44%
JSW Energy LtdEquity67.76 Cr2.37%
Cholamandalam Investment and Finance Co LtdEquity59.08 Cr2.07%
Aether Industries LtdEquity59.02 Cr2.07%
Swiggy LtdEquity58.28 Cr2.04%
Aptus Value Housing Finance India LtdEquity57.91 Cr2.03%
Titan Co LtdEquity57.38 Cr2.01%
Embassy Office Parks REITEquity - REIT56.1 Cr1.96%
InterGlobe Aviation LtdEquity53.83 Cr1.88%
IndusInd Bank LtdEquity53.67 Cr1.88%
Mankind Pharma LtdEquity50.44 Cr1.77%
AU Small Finance Bank LtdEquity41.43 Cr1.45%
Eris Lifesciences Ltd Registered ShsEquity41.13 Cr1.44%
Ambuja Cements LtdEquity40.56 Cr1.42%
Balkrishna Industries LtdEquity32.01 Cr1.12%
Godrej Properties LtdEquity31.78 Cr1.11%
Shriram Finance LtdEquity30.37 Cr1.06%
Brainbees Solutions LtdEquity29.95 Cr1.05%
Larsen & Toubro LtdEquity29.91 Cr1.05%
DLF LtdEquity28.59 Cr1.00%
Piramal Pharma LtdEquity27.93 Cr0.98%
Aditya Birla Real Estate LtdEquity27.86 Cr0.98%
JNK India LtdEquity23.75 Cr0.83%
Lupin LtdEquity23.75 Cr0.83%
G R Infraprojects LtdEquity21.84 Cr0.76%
Awfis Space Solutions LtdEquity20.75 Cr0.73%
Indraprastha Gas LtdEquity20.67 Cr0.72%
Aadhar Housing Finance LtdEquity19.09 Cr0.67%
RHI Magnesita India LtdEquity18.98 Cr0.66%
ACME Solar Holdings LtdEquity18.19 Cr0.64%
Sagility India LtdEquity17.74 Cr0.62%
Belrise Industries LtdEquity17.16 Cr0.60%
Schloss Bangalore LtdEquity16.27 Cr0.57%
Astral LtdEquity16.14 Cr0.57%
PNC Infratech LtdEquity15.01 Cr0.53%
Westlife Foodworld LtdEquity14.41 Cr0.50%
Afcons Infrastructure LtdEquity14.23 Cr0.50%
Escorts Kubota LtdEquity14.02 Cr0.49%
Ola Electric Mobility LtdEquity13.81 Cr0.48%
Inventurus Knowledge Solutions LtdEquity13.68 Cr0.48%
Hexaware Technologies Ltd Ordinary SharesEquity13.67 Cr0.48%
Cummins India LtdEquity13.13 Cr0.46%
Ceigall India LtdEquity12.81 Cr0.45%
Techno Electric & Engineering Co LtdEquity12.77 Cr0.45%
Sula Vineyards LtdEquity11.46 Cr0.40%
Delhivery LtdEquity11.18 Cr0.39%
Siemens LtdEquity10.96 Cr0.38%
Crompton Greaves Consumer Electricals LtdEquity9.49 Cr0.33%
Timken India LtdEquity8.33 Cr0.29%
Siemens Engy IndEquity8.32 Cr0.29%
CG Power & Industrial Solutions LtdEquity8.15 Cr0.29%
Chalet Hotels LtdEquity7.91 Cr0.28%
Home First Finance Co India Ltd ---Equity7.89 Cr0.28%
Blue Dart Express LtdEquity7.55 Cr0.26%
Net Current AssetsCash-6.95 Cr0.24%
Grindwell Norton LtdEquity6.46 Cr0.23%
Sapphire Foods India LtdEquity6.03 Cr0.21%
ABB India LtdEquity5.97 Cr0.21%
Whirlpool of India LtdEquity5.32 Cr0.19%
Sai Life Sciences LtdEquity3.09 Cr0.11%

Allocation By Market Cap (Equity)

Large Cap Stocks

61.58%

Mid Cap Stocks

13.97%

Small Cap Stocks

18.84%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services872.36 Cr30.54%
Consumer Cyclical668.32 Cr23.39%
Industrials397.75 Cr13.92%
Healthcare251.65 Cr8.81%
Communication Services219.96 Cr7.70%
Basic Materials127.44 Cr4.46%
Utilities106.61 Cr3.73%
Real Estate60.37 Cr2.11%
Technology13.67 Cr0.48%
Consumer Defensive11.46 Cr0.40%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

RB

Rahul Baijal

Since November 2022

DM

Dhruv Muchhal

Since June 2023

Additional Scheme Detailsas of 31st May 2025

ISIN
INF179KC1DY9
Expense Ratio
0.83%
Exit Load
1.00%
Fund Size
₹2,857 Cr
Age
2 years 6 months
Lumpsum Minimum
₹100
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

  • If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
  • If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
  • Holding the units: No tax is applicable as long as you continue to hold the units.

Dividend Taxation:

Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Nifty India Tourism ETF

Very High Risk

----
Motilal Oswal Nifty India Manufacturing ETF

Very High Risk

--₹5.27 Cr-
Motilal Oswal Services Fund Direct Growth

Very High Risk

-1.0%--
Motilal Oswal Services Fund Regular Growth

Very High Risk

-1.0%--
ICICI Prudential Quality Fund Direct Growth

Very High Risk

-1.0%₹1801.45 Cr-
ICICI Prudential Quality Fund Regular Growth

Very High Risk

-1.0%₹1801.45 Cr-
Motilal Oswal Nifty Capital Market ETF

Very High Risk

0.3%-₹4.63 Cr-
Mirae Asset BSE Select IPO ETF

Very High Risk

0.2%-₹18.06 Cr-
Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth

Very High Risk

0.9%0.0%₹9.66 Cr-
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹9.66 Cr-

About the AMC

Total AUM

₹7,64,557 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
HDFC Pharma and Healthcare Fund Direct Growth

Very High Risk

0.8%1.0%₹1704.87 Cr26.1%
HDFC Technology Fund Direct Growth

Very High Risk

0.9%1.0%₹1403.30 Cr20.0%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth

Low Risk

-0.0%₹30.78 Cr7.2%
HDFC FMP 1204D December 2022 (47) Direct Growth

Low to Moderate Risk

--₹51.24 Cr8.1%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth

Low to Moderate Risk

-0.0%₹76.38 Cr8.8%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹316.54 Cr8.4%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth

Moderate Risk

-0.0%₹246.30 Cr8.6%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

-0.0%--
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹33.15 Cr9.4%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth

Low Risk

-0.0%₹161.40 Cr7.3%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth

Low to Moderate Risk

-0.0%₹473.63 Cr9.4%
HDFC FMP 2638D February 2023 (47) Direct Growth

Moderate Risk

-0.0%₹151.02 Cr11.8%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth

Moderate Risk

----
HDFC Balanced Advantage Fund Direct Growth

Very High Risk

0.8%1.0%₹100299.29 Cr5.7%
HDFC Hybrid Equity Fund Direct Growth

Very High Risk

1.0%1.0%₹24460.63 Cr6.9%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth

Moderate Risk

0.1%0.0%₹0.96 Cr3.1%
HDFC Small Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹34032.09 Cr4.3%
HDFC Housing Opportunities Fund Direct Growth

Very High Risk

1.2%1.0%₹1324.14 Cr-5.4%
HDFC Large and Mid Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹25412.03 Cr3.8%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹722.67 Cr11.3%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1208.10 Cr8.7%
HDFC Business Cycle Fund Direct Growth

Very High Risk

0.8%1.0%₹2856.70 Cr2.8%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹473.43 Cr0.7%
HDFC Credit Risk Debt Fund Direct Growth

High Risk

1.0%1.0%₹7112.01 Cr9.5%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹199.28 Cr8.8%
HDFC Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹6077.21 Cr9.7%
HDFC Banking & Financial Services Fund Direct Growth

Very High Risk

0.8%1.0%₹4128.04 Cr12.4%
HDFC Non-Cyclical Consumer Fund Direct Growth

Very High Risk

1.1%1.0%₹970.28 Cr4.7%
HDFC Asset Allocator Fund of Funds Direct Growth

High Risk

0.1%1.0%₹4045.96 Cr11.8%
HDFC Gold Fund Direct Growth

High Risk

0.2%1.0%₹4088.35 Cr36.7%
HDFC Gilt Fund Direct Growth

Moderate Risk

0.5%0.0%₹3046.69 Cr9.5%
HDFC Dynamic Debt Fund Direct Growth

Moderate Risk

0.8%0.0%₹849.66 Cr8.9%
HDFC Medium Term Debt Fund Direct Growth

Moderately High risk

0.7%0.0%₹3887.85 Cr9.8%
HDFC Income Fund Direct Growth

Moderate Risk

0.8%0.0%₹953.21 Cr9.7%
HDFC Infrastructure Fund Direct Growth

Very High Risk

1.0%1.0%₹2539.58 Cr-1.2%
HDFC Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹64397.69 Cr7.3%
HDFC Corporate Bond Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹34774.62 Cr9.9%
HDFC Mid-Cap Opportunities Fund Direct Growth

Very High Risk

0.8%1.0%₹79717.67 Cr6.7%
HDFC Hybrid Debt Fund Direct Growth

Moderately High risk

1.1%1.0%₹3406.09 Cr7.5%
HDFC TaxSaver Direct Growth

Very High Risk

1.1%0.0%₹16453.67 Cr8.6%
HDFC Multi - Asset Fund Direct Growth

High Risk

0.8%1.0%₹4374.88 Cr10.3%
HDFC Equity Savings Fund Direct Growth

Moderately High risk

0.9%1.0%₹5545.90 Cr6.8%
HDFC Short Term Debt Fund Direct Growth

Low to Moderate Risk

0.4%0.0%₹15485.82 Cr9.8%
HDFC Top 100 Fund Direct Growth

Very High Risk

1.0%1.0%₹37715.69 Cr3.4%
HDFC S&P BSE 500 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹238.44 Cr2.6%
HDFC Nifty Midcap 150 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹345.88 Cr2.7%
HDFC Dividend Yield Fund Direct Growth

Very High Risk

0.7%1.0%₹6378.84 Cr2.5%
HDFC Low Duration Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹21198.25 Cr8.6%
HDFC Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹20685.46 Cr7.6%
HDFC Capital Builder Value Fund Direct Growth

Very High Risk

1.0%1.0%₹7140.10 Cr6.3%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of HDFC Business Cycle Fund Direct Growth, as of 18-Jun-2025, is ₹14.75.
The fund's allocation of assets is distributed as 97.80% in equities, 0.00% in bonds, and 2.20% in cash and cash equivalents.
The fund managers responsible for HDFC Business Cycle Fund Direct Growth are:-
  1. Rahul Baijal
  2. Dhruv Muchhal