HSBC Business Cycles Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (18-Jun-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹1,078 Cr
Expense Ratio
1.09%
ISIN
INF917K01RI2
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
20 Aug 2014
About this fund
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹47.29, Assets Under Management (AUM) of 1077.95 Crores, and an expense ratio of 1.09%.
- HSBC Business Cycles Fund Direct Growth has given a CAGR return of 15.43% since inception.
- The fund's asset allocation comprises around 96.76% in equities, 0.00% in debts, and 3.24% in cash & cash equivalents.
- You can start investing in HSBC Business Cycles Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
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
+5.70%
— (Cat Avg.)
3 Years
+30.53%
— (Cat Avg.)
5 Years
+29.58%
— (Cat Avg.)
10 Years
+14.63%
— (Cat Avg.)
Since Inception
+15.43%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹1,042.97 Cr | 96.76% |
| Others | ₹34.98 Cr | 3.24% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹61.45 Cr | 5.70% |
| Reliance Industries Ltd | Equity | ₹57.08 Cr | 5.29% |
| Multi Commodity Exchange of India Ltd | Equity | ₹56.51 Cr | 5.24% |
| Trent Ltd | Equity | ₹54 Cr | 5.01% |
| HDFC Bank Ltd | Equity | ₹48 Cr | 4.45% |
| Treps | Cash - Repurchase Agreement | ₹35.95 Cr | 3.33% |
| Power Mech Projects Ltd | Equity | ₹28.21 Cr | 2.62% |
| Ahluwalia Contracts (India) Ltd | Equity | ₹26.75 Cr | 2.48% |
| PB Fintech Ltd | Equity | ₹26.28 Cr | 2.44% |
| Bharat Electronics Ltd | Equity | ₹25.93 Cr | 2.41% |
| Power Finance Corp Ltd | Equity | ₹24.49 Cr | 2.27% |
| Larsen & Toubro Ltd | Equity | ₹24.44 Cr | 2.27% |
| Mangalore Chemicals & Fertilizers Ltd | Equity | ₹24.13 Cr | 2.24% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹24.02 Cr | 2.23% |
| Kotak Mahindra Bank Ltd | Equity | ₹22.88 Cr | 2.12% |
| UltraTech Cement Ltd | Equity | ₹21.97 Cr | 2.04% |
| Swiggy Ltd | Equity | ₹21.23 Cr | 1.97% |
| Kirloskar Pneumatic Co Ltd | Equity | ₹20.15 Cr | 1.87% |
| ABB India Ltd | Equity | ₹19.47 Cr | 1.81% |
| Aditya Birla Real Estate Ltd | Equity | ₹19.02 Cr | 1.76% |
| State Bank of India | Equity | ₹18.59 Cr | 1.72% |
| Blue Star Ltd | Equity | ₹18.36 Cr | 1.70% |
| BSE Ltd | Equity | ₹17.86 Cr | 1.66% |
| Gokaldas Exports Ltd | Equity | ₹17.49 Cr | 1.62% |
| Indian Energy Exchange Ltd | Equity | ₹17.34 Cr | 1.61% |
| PNB Housing Finance Ltd | Equity | ₹16.15 Cr | 1.50% |
| Time Technoplast Ltd | Equity | ₹15.57 Cr | 1.44% |
| Eternal Ltd | Equity | ₹15.31 Cr | 1.42% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹15.26 Cr | 1.42% |
| Suzlon Energy Ltd | Equity | ₹14.58 Cr | 1.35% |
| Indian Hume Pipe Co Ltd | Equity | ₹14.2 Cr | 1.32% |
| TVS Motor Co Ltd | Equity | ₹13.9 Cr | 1.29% |
| Epigral Ltd | Equity | ₹13.59 Cr | 1.26% |
| KEC International Ltd | Equity | ₹13.28 Cr | 1.23% |
| GE Vernova T&D India Ltd | Equity | ₹13.22 Cr | 1.23% |
| TBO Tek Ltd | Equity | ₹12.04 Cr | 1.12% |
| Gujarat Fluorochemicals Ltd Ordinary Shares | Equity | ₹11.23 Cr | 1.04% |
| Titan Co Ltd | Equity | ₹10.31 Cr | 0.96% |
| EIH Ltd | Equity | ₹9.69 Cr | 0.90% |
| Brigade Enterprises Ltd | Equity | ₹9.32 Cr | 0.87% |
| Hindalco Industries Ltd | Equity | ₹9.16 Cr | 0.85% |
| Indo Count Industries Ltd | Equity | ₹9.14 Cr | 0.85% |
| Bansal Wire Industries Ltd | Equity | ₹9.06 Cr | 0.84% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹8.49 Cr | 0.79% |
| Birla Corp Ltd | Equity | ₹7.81 Cr | 0.72% |
| NCC Ltd | Equity | ₹7.76 Cr | 0.72% |
| Aegis Logistics Ltd | Equity | ₹7.59 Cr | 0.70% |
| Kajaria Ceramics Ltd | Equity | ₹7.35 Cr | 0.68% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹7.23 Cr | 0.67% |
| REC Ltd | Equity | ₹6.72 Cr | 0.62% |
| H.G. Infra Engineering Ltd Ordinary Shares | Equity | ₹6.63 Cr | 0.61% |
| Amara Raja Energy & Mobility Ltd | Equity | ₹6.19 Cr | 0.57% |
| Jyoti CNC Automation Ltd | Equity | ₹6.01 Cr | 0.56% |
| Pitti Engineering Ltd | Equity | ₹5.87 Cr | 0.54% |
| Motherson Sumi Wiring India Ltd | Equity | ₹5.79 Cr | 0.54% |
| PNC Infratech Ltd | Equity | ₹5.72 Cr | 0.53% |
| Timken India Ltd | Equity | ₹5.59 Cr | 0.52% |
| Bank of Baroda | Equity | ₹5.41 Cr | 0.50% |
| PG Electroplast Ltd | Equity | ₹5.2 Cr | 0.48% |
| IIFL Capital Services Ltd Ordinary Shares | Equity | ₹4.55 Cr | 0.42% |
| Ganesha Ecosphere Ltd | Equity | ₹3.99 Cr | 0.37% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹3.29 Cr | 0.30% |
| Bharat Bijlee Ltd | Equity | ₹2.63 Cr | 0.24% |
| Hi-Tech Pipes Ltd | Equity | ₹2.48 Cr | 0.23% |
| Net Current Assets (Including Cash & Bank Balances) | Cash | ₹-0.97 Cr | 0.09% |
Allocation By Market Cap (Equity)
Large Cap Stocks
45.72%
Mid Cap Stocks
9.42%
Small Cap Stocks
41.62%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹334.73 Cr | 31.05% |
| Industrials | ₹299.66 Cr | 27.80% |
| Consumer Cyclical | ₹203.72 Cr | 18.90% |
| Basic Materials | ₹118.44 Cr | 10.99% |
| Energy | ₹64.66 Cr | 6.00% |
| Technology | ₹12.43 Cr | 1.15% |
| Real Estate | ₹9.32 Cr | 0.87% |
Risk & Performance Ratios
Standard Deviation
This fund
17.88%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.04
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Gautam Bhupal
Since June 2023
Sonal Gupta
Since June 2023
Additional Scheme Detailsas of 31st May 2025
ISIN | INF917K01RI2 | Expense Ratio | 1.09% | Exit Load | 1.00% | Fund Size | ₹1,078 Cr | Age | 10 years 9 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment 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 name | Expense Ratio | Exit Load | Fund 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
₹1,22,950 Cr
Address
16, V N Road, Mumbai, 400 001
Other Funds by HSBC Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Who manages the HSBC Business Cycles Fund Direct Growth?
- Gautam Bhupal
- Sonal Gupta
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