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HDFC Business Cycle Fund Direct-idcw
Mid Cap
Very High Risk
Latest AUM
₹ 2,334.3 Cr.
NAV as on 27 jul, 2026
₹ 15.73
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
HDFC Business Cycle Fund Direct-idcw
Inception Date
30 Nov 2022
Lock In
No Lock-in
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
96.84%
Debt
1.08%
Cash
0.96%
Portfolio Updated on: 10 Jul, 2026
Sector Allocations
Equity
Debt
Other
Financial
Technology
Healthcare
Consumer Discretionary
Industrials
Materials
Consumer Staples
Real Estate
Energy & Utilities
Portfolio Updated on: 27 jul, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Zomato Ltd | Technology | Equity | 7.15% |
| Zomato Ltd | Technology | Equity | 7.15% |
| Zomato Ltd | Technology | Equity | 6.82% |
| Zomato Ltd | Technology | Equity | 6.82% |
| Zomato Ltd | Technology | Equity | 6.93% |
| ICICI Bank Ltd | Financial | Equity | 6.74% |
| Zomato Ltd | Technology | Equity | 6.54% |
| ICICI Bank Ltd | Financial | Equity | 6.41% |
| ICICI Bank Ltd | Financial | Equity | 7.03% |
| ICICI Bank Ltd | Financial | Equity | 6.84% |
Debt & Credit Risk Analysis
| Alpha | -1.42% |
| Beta | 0.92% |
| Sharpe Ratio | 0.38% |
| Standard Deviation | 13.82% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 6.06% | NA | NA |
| 6 Months | 8.10% | NA | NA |
| 9 Months | 0.10% | NA | NA |
| 1 Year | 2.27% | 2.27% | NA |
| 2 Years | 5.12% | 2.53% | NA |
| 3 Years | 39.48% | 11.73% | NA |
Launched on 30 Nov 2022, the fund aims To generate long-term capital appreciation/income. investment predominantly in equity & equity related instruments of business cycle based theme. It manages assets worth ₹2,334.3 crore as on Tue Mar 31, 2026. The expense ratio stands at 1.1%.
Dhruv Muchhal has experience Prior to joining HDFC MF,he has worked with Motilal Oswal Financial Services Ltd., Goldman Sachs, CRISIL Global Research & Analytics and Deloitte Haskins & Sells
Rahul Baijal has experience Prior to joining HDFC Mutual Fund, he has worked with Sundaram Mutual Fund, Bharti AXA Life Insurance, TVF Capital, HSBC Securities, Credit Suisse Securities & Standard Chartered Bank.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| HSBC Business Cycles Fund Direct-growth | 976.6 | -1.42% | +1.28% | +8.72% | -0.76% | +15.66% | +16.17% |
| HSBC Business Cycles Fund Direct-idcw | 976.6 | -1.42% | +1.28% | +8.72% | -0.76% | +15.66% | +16.17% |
| ICICI Prudential Business Cycle Fund-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from HDFC Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| HDFC Business Cycle Fund Regular-growth | 2,334.3 | +1.42% | +5.80% | +7.57% | +1.18% | +10.43% | — |
| HDFC Business Cycle Fund Direct-growth | 2,334.3 | +1.50% | +6.06% | +8.10% | +2.27% | +11.73% | — |
| HDFC Business Cycle Fund Regular-idcw | 2,334.3 | +1.42% | +5.80% | +7.57% | +1.18% | +10.43% | — |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund Direct-growth | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund-idcw | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
| ICICI Prudential Business Cycle Fund-idcw | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 14,359.0 | -1.85% | +0.46% | -0.50% | +0.81% | +16.57% | +17.29% |
Top funds are based on Fund AUM
Top Funds
| Fund name | ||||
|---|---|---|---|---|
| Icici Prudential Business Cycle Fund Direct-growth | ₹26.02 | +16.57% | +17.29% | — |
| Icici Prudential Business Cycle Fund Direct-growth | ₹26.02 | +16.57% | +17.29% | — |
| Icici Prudential Business Cycle Fund Direct-growth | ₹26.02 | +16.57% | +17.29% | — |
| Icici Prudential Business Cycle Fund Direct-idcw | ₹18.95 | +16.57% | +17.29% | — |
| Icici Prudential Business Cycle Fund Direct-idcw | ₹18.95 | +16.57% | +17.29% | — |
| Icici Prudential Business Cycle Fund Direct-idcw | ₹18.95 | +16.57% | +17.29% | — |
| Hsbc Business Cycles Fund Direct-growth | ₹47.02 | +15.66% | +16.17% | — |
| Hsbc Business Cycles Fund Direct-idcw | ₹27.10 | +15.66% | +16.17% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.41 | +15.47% | +16.00% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.41 | +15.47% | +16.00% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 27 Jul 2026 | ₹15.73 |
| 24 Jul 2026 | ₹15.54 |
| 23 Jul 2026 | ₹15.62 |
| 22 Jul 2026 | ₹15.76 |
| 21 Jul 2026 | ₹15.91 |
| 20 Jul 2026 | ₹15.88 |
| 17 Jul 2026 | ₹15.86 |
| 16 Jul 2026 | ₹15.83 |
| 15 Jul 2026 | ₹15.82 |
| 14 Jul 2026 | ₹15.71 |
| 13 Jul 2026 | ₹15.84 |
| 10 Jul 2026 | ₹15.86 |
| 09 Jul 2026 | ₹15.76 |
| 08 Jul 2026 | ₹15.55 |
| 07 Jul 2026 | ₹15.84 |
| 06 Jul 2026 | ₹15.85 |
| 03 Jul 2026 | ₹15.80 |
| 02 Jul 2026 | ₹15.85 |
| 01 Jul 2026 | ₹15.71 |
| 30 Jun 2026 | ₹15.53 |
| 29 Jun 2026 | ₹15.40 |
| 25 Jun 2026 | ₹15.49 |
| 24 Jun 2026 | ₹15.53 |
| 23 Jun 2026 | ₹15.38 |
| 22 Jun 2026 | ₹15.49 |
| 19 Jun 2026 | ₹15.38 |
| 18 Jun 2026 | ₹15.26 |
| 17 Jun 2026 | ₹15.18 |
| 15 Jun 2026 | ₹15.06 |
| 12 Jun 2026 | ₹14.90 |
Portfolio Updated on: 28 Jul, 2026
Fund Growth & Size Analysis
+₹2,334.3 Cr
Since Launch
This Fund
Category Average
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HDFC Business Cycle Fund Direct-idcw Returns Comparison
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HDFC Business Cycle Fund Direct-idcw FAQ'S
- Sharpe Ratio: 0.38%
- Standard Deviation: 13.82%
- Beta: 0.92%
- Alpha: -1.42%
Additional important ratios:
As of Tue Mar 31, 2026, the total assets managed under HDFC Business Cycle Fund Direct-idcw stand at approximately ₹ 2,334.3 crore.
The HDFC Business Cycle Fund Direct-idcw has delivered the following short-term performance:
- 3 Months Return: 6.06%
- 6 Months Return: 8.10%
The historical growth of the HDFC Business Cycle Fund Direct-idcw is reflected through its CAGR returns:
- 3 Year CAGR: 11.73%
- Return Since Launch: 13.18%
The portfolio of HDFC Business Cycle Fund Direct-idcw is distributed across different asset classes as follows:
- Equity: 96.84%
- Debt Instruments: 1.08%
- Other Assets: 0.96%
The HDFC Business Cycle Fund Direct-idcw is managed by Rahul Baijal, representing HDFC Mutual Fund.
The HDFC Business Cycle Fund Direct-idcw investments are allocated across market caps in the following manner:
- Large Cap Stocks: 1.00%
- Mid Cap Stocks: 1.00%
- Small Cap Stocks: 1.00%
Top stock holdings of HDFC Business Cycle Fund Direct-idcw include:
- Zomato Ltd – represents 7.15% of the portfolio
- Zomato Ltd – represents 7.15% of the portfolio
- Zomato Ltd – represents 6.82% of the portfolio
- Zomato Ltd – represents 6.82% of the portfolio
- Zomato Ltd – represents 6.93% of the portfolio
- ICICI Bank Ltd – represents 6.74% of the portfolio
- Zomato Ltd – represents 6.54% of the portfolio
- ICICI Bank Ltd – represents 6.41% of the portfolio
- ICICI Bank Ltd – represents 7.03% of the portfolio
- ICICI Bank Ltd – represents 6.84% of the portfolio
Major sector exposures in HDFC Business Cycle Fund Direct-idcw are:
- Financial – accounts for 268.15% of the portfolio
- Technology – accounts for 140.61% of the portfolio
- Healthcare – accounts for 133.98% of the portfolio
- Consumer Discretionary – accounts for 125.54% of the portfolio
- Industrials – accounts for 93.69% of the portfolio
