HSBC Business Cycles Fund - Direct (IDCW)
Thematic FundNAV
25.03(-1.10%)Fund Size (CR)
₹1,229.28Expense Ratio
1.12Scheme Type
Active FundValue Research
-
Min. investment
₹5,000Minimum Additional Investment
₹0Minimum SIP Investment
₹500Minimum Withdrawal
₹500Exit Load
0%Return Since Launch
13.61%
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 | September 23, 2026 | 9645.18 | -3.55% | - | -3.30% | 474/768 |
| 1 Month | August 28, 2026 | 9603.93 | -3.96% | - | -4.80% | 229/764 |
| 3 Month | June 30, 2026 | 10041.94 | 0.42% | - | -0.99% | 209/755 |
| 6 Month | March 30, 2026 | 12031.78 | 20.32% | - | 14.32% | 185/755 |
| 1 Year | September 30, 2025 | 10330.47 | 3.30% | 3.30% | 4.40% | 311/696 |
| 3 Year | September 29, 2023 | 15445.08 | 54.45% | 15.56% | 13.41% | 149/426 |
| 5 Year | September 30, 2021 | 19933.04 | 99.33% | 14.78% | 12.46% | 106/330 |
| Since Inception | August 20, 2014 | 46977.60 | 369.78% | 13.61% | 9.97% | 286/768 |
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 | 1,30,000 | 230114.11 | 77.01% | 77.01% |
| 3 Year | October 3, 2023 | 3,70,000 | 647153.21 | 74.91% | 20.49% |
| 5 Year | October 1, 2021 | 6,10,000 | 1238738.56 | 103.07% | 15.22% |
| 10 Year | October 3, 2016 | 12,10,000 | 3240933.55 | 167.85% | 10.35% |
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%.
Risk Ratios
5.87%
Standard Deviation
1.21%
Beta
0.64%
Sharpe Ratio
0.02%
Treynor's Ratio
3.69%
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 | 5.62% | 475000 | 69.06 | Equity | Banks |
| MTAR Technologie | 3.37% | 58900 | 41.49 | Equity | Aerospace & Defence |
| HDFC Bank | 2.85% | 493600 | 35.00 | Equity | Banks |
| Interglobe Aviat | 2.77% | 65000 | 34.02 | Equity | Air Transport Service |
| Reliance Industr | 2.67% | 256700 | 32.78 | Equity | Refineries |
| Hind.Aeronautics | 2.49% | 63800 | 30.63 | Equity | Aerospace & Defence |
| Bharat Electron | 2.27% | 674300 | 27.95 | Equity | Aerospace & Defence |
| RBL Bank | 2.20% | 710100 | 27.01 | Equity | Banks |
| Larsen & Toubro | 2.19% | 66500 | 26.90 | Equity | Infrastructure Developers & Operators |
| GE Vernova T&D | 2.13% | 59000 | 26.23 | Equity | Capital Goods - Electrical Equipment |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HSBC Business Cycles Fund - Direct (IDCW) | 1229.28 | -3.96% | 0.42% | 20.32% | 3.30% | 15.56% | |
| Nippon India Taiwan Equity Fund - Direct (G) | 1128.29 | 0.63% | -0.08% | 38.69% | 121.39% | 62.31% | |
| Nippon India Taiwan Equity Fund - Direct (IDCW) | 1128.29 | 0.63% | -0.08% | 38.69% | 121.39% | 62.31% | |
| Franklin Asian Equity Fund - Direct (G) | 995.97 | -2.87% | -1.64% | 24.67% | 33.70% | 23.82% | |
| Franklin Asian Equity Fund - Direct (IDCW) | 995.97 | -2.87% | -1.64% | 24.67% | 33.69% | 23.81% | |
| Nippon India Japan Equity Fund - Direct (G) | 352.54 | 0.97% | 6.72% | 19.07% | 29.59% | 23.29% |
List of Schemes under HSBC Mutual Fund
News
There are no new Updates!
Fund House Details & Investment Objective
Date of Incorporation
July 30, 2014
Total AUM (Cr)
₹1229.28
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 ₹1,229.28 (Cr), as of October 1, 2026, HSBC Business Cycles Fund - Direct (IDCW) is categorized as a Thematic Fund within its segment. The fund has generated a return of 13.61% since its launch.
The current NAV of HSBC Business Cycles Fund - Direct (IDCW) is ₹25.03, as on October 1, 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 15.56% and 14.78% 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 96.28% in Equity, 3.94% in Debt and -0.22% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 14.52% in Banks, 10.95% in Capital Markets, 8.02% in Electrical Equipments, 6.67% in Retailing, 5.69% in Construction
Mutual Fund Categories
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