HSBC Business Cycles Fund - Direct (IDCW)

Thematic Fund

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NAV
25.97(0.16%)
Fund Size (CR)
₹1,182.34
Expense Ratio
1.15
Scheme Type
Active Fund
Value Research
-

Min. investment
₹5,000
Minimum Additional Investment
₹0
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
0%
Return Since Launch
13.94%

Absolute Return: -1.25%

Annualized Return: 0%

Basic Details

Scheme Manager

Gautam Bhupal

Bench Mark

Nifty 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	August 26, 2026	9808.83	-1.91%	-	-1.41%	581/764
1 Month	July 31, 2026	10275.26	2.75%	-	0.45%	113/759
3 Month	June 2, 2026	10785.70	7.86%	-	5.32%	200/755
6 Month	March 2, 2026	11063.41	10.63%	-	7.89%	238/747
1 Year	September 2, 2025	10492.35	4.92%	4.92%	8.25%	398/692
3 Year	September 1, 2023	15852.44	58.52%	16.57%	15.13%	156/418
5 Year	September 2, 2021	20883.91	108.84%	15.86%	13.81%	112/326
Since Inception	August 20, 2014	48132.60	381.33%	13.94%	11.63%	320/764

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	October 1, 2025	1,20,000	219520.57	82.93%	82.93%
3 Year	October 3, 2023	3,60,000	652268.13	81.19%	21.91%
5 Year	October 1, 2021	6,00,000	1266136.52	111.02%	16.11%
10 Year	October 3, 2016	12,00,000	3343747.49	178.65%	10.79%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

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Risk Ratios

5.86%

Standard Deviation

1.22%

Beta

0.55%

Sharpe Ratio

-0.00%

Treynor's Ratio

2.13%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
ICICI Bank	5.77%	475000	68.18	Equity	Banks
HDFC Bank	3.12%	493600	36.93	Equity	Banks
MTAR Technologie	2.85%	58900	33.73	Equity	Aerospace & Defence
Interglobe Aviat	2.84%	65000	33.61	Equity	Air Transport Service
Reliance Industr	2.84%	256700	33.57	Equity	Refineries
Hind.Aeronautics	2.51%	63800	29.64	Equity	Aerospace & Defence
RBL Bank	2.26%	710100	26.66	Equity	Banks
ICICI AMC	2.24%	85100	26.52	Equity	Finance
Larsen & Toubro	2.22%	66500	26.19	Equity	Infrastructure Developers & Operators
Bharat Electron	2.21%	674300	26.15	Equity	Aerospace & Defence

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
HSBC Business Cycles Fund - Direct (IDCW)	1182.34	2.75%	7.86%	10.63%	4.92%	16.57%
Nippon India Taiwan Equity Fund - Direct (G)	947.04	20.32%	-5.56%	55.43%	135.81%	60.17%
Nippon India Taiwan Equity Fund - Direct (IDCW)	947.04	20.32%	-5.56%	55.43%	135.81%	60.17%
Franklin Asian Equity Fund - Direct (G)	953.71	2.06%	-1.17%	13.78%	42.28%	22.77%
Franklin Asian Equity Fund - Direct (IDCW)	953.71	2.06%	-1.17%	13.78%	42.27%	22.76%
Nippon India Japan Equity Fund - Direct (G)	340.54	0.86%	2.08%	7.32%	29.02%	20.62%

List of Schemes under HSBC Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
HSBC Consumption Fund	Equity	Very High	4.29%	0	₹1,761.84
HSBC Multi Asset Active FOF	Other	Very High	16.97%	2	₹106.68
HSBC Multi Asset Allocation Fund	Hybrid	Very High	16.3%	0	₹3,098.03
HSBC Large Cap Fund	Equity	Very High	2.47%	3	₹1,839.33
HSBC Banking and PSU Debt Fund	Debt	Moderate	5.46%	3	₹3,799.26
HSBC Overnight Fund	Debt	Low	5.3%	4	₹4,713.55
HSBC Brazil Fund	Other	Very High	32.96%	0	₹365.29
HSBC Global Emerging Markets Fund	Other	Very High	54.43%	0	₹472.44
HSBC Arbitrage Fund	Hybrid	Low	6.57%	3	₹2,997.62
HSBC Conservative Hybrid Fund	Hybrid	Moderately High	3.99%	3	₹156.51
HSBC Gilt Fund	Debt	Moderate	3.73%	3	₹158.19
HSBC Equity Saving Fund	Hybrid	Moderate	9.53%	3	₹1,326.06
HSBC GOLD ETF Fund of Fund	Other	High	0%	0	₹355.02
HSBC Asia Pacific (Ex Japan) DYF	Other	Very High	39.67%	0	₹74.21
HSBC Balanced Advantage Fund	Hybrid	Moderately High	3.45%	3	₹1,527.05
HSBC Aggressive Hybrid Fund	Hybrid	Very High	8.22%	2	₹5,690.54
HSBC Financial Services Fund	Equity	Very High	15.51%	0	₹928.80
HSBC Medium to Long Term Fund	Debt	Moderate	4%	3	₹49.40
HSBC Dynamic Term Fund	Debt	Moderate	4.51%	3	₹122.88
HSBC CRISIL IBX Gilt June 2027 Index Fund	Other	Moderate	5.78%	0	₹181.07
HSBC Corporate Bond Fund	Debt	Moderate	5.68%	1	₹6,109.77
HSBC Aggressive Hybrid Active FOF	Other	Very High	10.21%	3	₹47.09
HSBC Midcap Fund	Equity	Very High	24.05%	3	₹15,578.18
HSBC Small Cap Fund	Equity	Very High	15.09%	3	₹17,783.74
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	Other	Moderate	6.1%	0	₹1,755.53
HSBC Ultra Short to Short Term Fund	Debt	Moderately Low	6.45%	4	₹976.38
HSBC Credit Risk Fund	Debt	Moderately High	6.78%	3	₹460.33
HSBC Large and Mid Cap Fund	Equity	Very High	14.15%	3	₹5,479.11
HSBC Short Term Fund	Debt	Moderately Low	5.63%	2	₹4,197.28
HSBC Money Market Fund	Debt	Moderately Low	6.55%	3	₹7,142.92
HSBC Ultra Short Term Fund	Debt	Moderately Low	6.6%	3	₹4,018.32
HSBC Income Plus Arbitrage Active FOF	Other	Moderately Low	5.69%	0	₹533.46
HSBC Multi Cap Fund	Equity	Very High	11.49%	0	₹6,067.77
HSBC Infrastructure Fund	Equity	Very High	11.69%	3	₹2,362.47
HSBC Liquid Fund	Debt	Moderately Low	6.48%	4	₹21,711.33
HSBC Medium Term Fund	Debt	Moderate	6.14%	4	₹688.99
HSBC Nifty 50 Index Fund	Other	Very High	-1.84%	3	₹395.67
HSBC Flexi Cap Fund	Equity	Very High	9.35%	4	₹5,717.88
HSBC ELSS Tax Saver Fund	Equity	Very High	8.44%	3	₹4,114.68
HSBC India Export Opportunities Fund	Equity	Very High	23.92%	0	₹1,233.48
HSBC Business Cycles Fund	Equity	Very High	4.92%	0	₹1,182.34
HSBC Value Fund	Equity	Very High	6.12%	4	₹14,987.50
HSBC Focused Fund	Equity	Very High	11.08%	2	₹1,772.71
HSBC Nifty Next 50 Index Fund	Other	Very High	9.11%	1	₹175.96

News

There are no new Updates!

Fund House Details & Investment Objective

Date of Incorporation

July 30, 2014

Total AUM (Cr)

₹1182.34

HSBC Business Cycles Fund - Direct (IDCW) is an Thematic Fund-oriented fund from the renowned AMC, HSBC Mutual Fund. Launched in July 30, 2014, this fund is managed by Gautam Bhupal. With assets under management (AUM) worth ₹1,182.34 (Cr), as of September 3, 2026, HSBC Business Cycles Fund - Direct (IDCW) is categorized as a Thematic Fund within its segment. The fund has generated a return of 13.94% since its launch.
The current NAV of HSBC Business Cycles Fund - Direct (IDCW) is ₹25.97, as on September 3, 2026. The fund's benchmark index is Nifty 500 TRI. You can invest in HSBC Business Cycles Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 16.57% and 15.86% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.77% in Equity, 2.32% in Debt and -0.09% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 14.89% in Banks, 10.04% in Capital Markets, 8.04% in Electrical Equipments, 7.57% in Construction, 6.76% in Finance

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