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HSBC Business Cycles Fund Direct-idcw
Mid Cap
Very High Risk
Latest AUM
₹ 976.6 Cr.
NAV as on 24 jul, 2026
₹ 26.92
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
HSBC Business Cycles Fund Direct-idcw
Inception Date
20 Aug 2014
Lock In
No Lock-in
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
96.92%
Cash
3.08%
Portfolio Updated on: 09 Jul, 2026
Sector Allocations
Equity
Financial
Industrials
Materials
Consumer Discretionary
Energy & Utilities
Technology
Real Estate
Diversified
Portfolio Updated on: 24 jul, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 6.22% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 5.93% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 5.66% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 5.66% |
| ICICI Bank Ltd | Financial | Equity | 1.00% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.55% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.47% |
| ICICI Bank Ltd | Financial | Equity | 1.00% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.14% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.14% |
Debt & Credit Risk Analysis
| Alpha | 2.02% |
| Beta | 1.15% |
| Sharpe Ratio | 0.56% |
| Standard Deviation | 18.48% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 1.70% | NA | NA |
| 6 Months | 8.28% | NA | NA |
| 9 Months | -1.68% | NA | NA |
| 1 Year | -2.88% | -2.88% | NA |
| 2 Years | 3.31% | 1.64% | NA |
| 3 Years | 54.68% | 15.65% | NA |
| 5 Years | 109.58% | 15.95% | NA |
| 7 Years | 205.37% | 17.29% | NA |
| 10 Years | 261.40% | 13.71% | NA |
Launched on 20 Aug 2014, the fund aims Long term capital appreciation. Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. It manages assets worth ₹976.6 crore as on Tue Mar 31, 2026. The expense ratio stands at 0.95%.
Gautam Bhupal has experience Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
Sonal Gupta has experience Prior to joining HSBC Mutual Fund, she has worked with L&T Investment Management Limited and UBS Securities India Private Limited, Fidelity Investments and PWC
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% |
| 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-growth | 14,359.0 | -1.89% | +0.29% | -0.93% | -0.08% | +15.47% | +16.00% |
| ICICI Prudential Business Cycle Fund-idcw | 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 HSBC Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| HSBC Business Cycles Fund Direct-growth | 976.6 | -2.23% | +1.70% | +8.28% | -2.88% | +15.65% | +15.95% |
| HSBC Business Cycles Fund Regular-growth | 976.6 | -2.33% | +1.40% | +7.64% | -4.01% | +14.37% | +14.68% |
| HSBC Business Cycles Fund Regular-idcw | 976.6 | -2.33% | +1.40% | +7.64% | -4.01% | +14.37% | +14.68% |
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% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.41 | +15.47% | +16.00% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.41 | +15.47% | +16.00% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.41 | +15.47% | +16.00% | — |
| Icici Prudential Business Cycle Fund-idcw | ₹17.45 | +15.47% | +16.00% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 24 Jul 2026 | ₹26.92 |
| 23 Jul 2026 | ₹26.99 |
| 22 Jul 2026 | ₹27.20 |
| 21 Jul 2026 | ₹27.42 |
| 20 Jul 2026 | ₹27.38 |
| 17 Jul 2026 | ₹27.42 |
| 16 Jul 2026 | ₹27.42 |
| 15 Jul 2026 | ₹27.58 |
| 14 Jul 2026 | ₹27.31 |
| 13 Jul 2026 | ₹27.61 |
| 10 Jul 2026 | ₹27.54 |
| 09 Jul 2026 | ₹27.20 |
| 08 Jul 2026 | ₹26.84 |
| 07 Jul 2026 | ₹27.47 |
| 06 Jul 2026 | ₹27.59 |
| 03 Jul 2026 | ₹27.51 |
| 02 Jul 2026 | ₹27.66 |
| 01 Jul 2026 | ₹27.62 |
| 30 Jun 2026 | ₹27.40 |
| 29 Jun 2026 | ₹27.34 |
| 25 Jun 2026 | ₹27.49 |
| 24 Jun 2026 | ₹27.54 |
| 23 Jun 2026 | ₹27.43 |
| 22 Jun 2026 | ₹27.71 |
| 19 Jun 2026 | ₹27.62 |
| 18 Jun 2026 | ₹27.46 |
| 17 Jun 2026 | ₹27.25 |
| 15 Jun 2026 | ₹26.80 |
| 12 Jun 2026 | ₹26.34 |
| 11 Jun 2026 | ₹25.50 |
Portfolio Updated on: 25 Jul, 2026
Fund Growth & Size Analysis
+₹976.6 Cr
Since Launch
This Fund
Category Average
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HSBC Business Cycles Fund Direct-idcw Returns Comparison
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HSBC Business Cycles Fund Direct-idcw FAQ'S
- Sharpe Ratio: 0.56%
- Standard Deviation: 18.48%
- Beta: 1.15%
- Alpha: 2.02%
Additional important ratios:
As of Tue Mar 31, 2026, the total assets managed under HSBC Business Cycles Fund Direct-idcw stand at approximately ₹ 976.6 crore.
The HSBC Business Cycles Fund Direct-idcw has delivered the following short-term performance:
- 3 Months Return: 1.70%
- 6 Months Return: 8.28%
The historical growth of the HSBC Business Cycles Fund Direct-idcw is reflected through its CAGR returns:
- 3 Year CAGR: 15.65%
- 5 Year CAGR: 15.95%
- Return Since Launch: 13.79%
The portfolio of HSBC Business Cycles Fund Direct-idcw is distributed across different asset classes as follows:
- Equity: 96.92%
- Other Assets: 3.08%
The HSBC Business Cycles Fund Direct-idcw is managed by Sonal Gupta, representing HSBC Mutual Fund.
The HSBC Business Cycles 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 HSBC Business Cycles Fund Direct-idcw include:
- Multi Commodity Exchange Of India Ltd – represents 6.22% of the portfolio
- Multi Commodity Exchange Of India Ltd – represents 5.93% of the portfolio
- Multi Commodity Exchange Of India Ltd – represents 5.66% of the portfolio
- Multi Commodity Exchange Of India Ltd – represents 5.66% of the portfolio
- ICICI Bank Ltd – represents 1.00% of the portfolio
- Reliance Industries Ltd – represents 5.55% of the portfolio
- Reliance Industries Ltd – represents 5.47% of the portfolio
- ICICI Bank Ltd – represents 1.00% of the portfolio
- Reliance Industries Ltd – represents 5.14% of the portfolio
- Reliance Industries Ltd – represents 5.14% of the portfolio
Major sector exposures in HSBC Business Cycles Fund Direct-idcw are:
- Financial – accounts for 294.98% of the portfolio
- Industrials – accounts for 246.69% of the portfolio
- Materials – accounts for 104.40% of the portfolio
- Consumer Discretionary – accounts for 78.67% of the portfolio
- Energy & Utilities – accounts for 54.84% of the portfolio
