HDFC Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹2,996 Cr

Expense Ratio

0.78%

ISIN

INF179KC1DY9

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

30 Nov 2022

About this fund

HDFC Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 2 years, 1 months and 23 days, having been launched on 30-Nov-22.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹14.07, Assets Under Management (AUM) of 2995.54 Crores, and an expense ratio of 0.78%.

HDFC Business Cycle Fund Direct Growth has given a CAGR return of 17.22% since inception.
The fund's asset allocation comprises around 89.54% in equities, 2.06% in debts, and 8.40% in cash & cash equivalents.
You can start investing in HDFC Business Cycle Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

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

+8.28%

— (Cat Avg.)

Since Inception

+17.22%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2024

Equity	₹2,682.12 Cr	89.54%
Debt	₹61.74 Cr	2.06%
Others	₹251.68 Cr	8.40%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps - Tri-Party Repo	Cash - Repurchase Agreement	₹254.82 Cr	8.51%
Larsen & Toubro Ltd	Equity	₹226.42 Cr	7.56%
ICICI Bank Ltd	Equity	₹221.98 Cr	7.41%
Bharti Airtel Ltd	Equity	₹197.67 Cr	6.60%
Zomato Ltd	Equity	₹155.04 Cr	5.18%
Tata Motors Ltd	Equity	₹139.15 Cr	4.65%
Axis Bank Ltd	Equity	₹113.39 Cr	3.79%
HDFC Bank Ltd	Equity	₹107.26 Cr	3.58%
Fortis Healthcare Ltd	Equity	₹94.8 Cr	3.16%
Titan Co Ltd	Equity	₹89.92 Cr	3.00%
Infosys Ltd	Equity	₹80.84 Cr	2.70%
Kotak Mahindra Bank Ltd	Equity	₹72.33 Cr	2.41%
IndusInd Bank Ltd	Equity	₹63.08 Cr	2.11%
Embassy Office Parks Reit	Bond - Asset Backed	₹61.74 Cr	2.06%
DLF Ltd	Equity	₹59.48 Cr	1.99%
Mankind Pharma Ltd	Equity	₹58.87 Cr	1.97%
Ola Electric Mobility Ltd	Equity	₹52.38 Cr	1.75%
Inventurus Knowledge Solutions Ltd	Equity	₹49.02 Cr	1.64%
JSW Energy Ltd	Equity	₹47.79 Cr	1.60%
Astral Ltd	Equity	₹46.78 Cr	1.56%
JNK India Ltd	Equity	₹43.98 Cr	1.47%
Cholamandalam Investment and Finance Co Ltd	Equity	₹43.76 Cr	1.46%
Afcons Infrastructure Ltd	Equity	₹35.57 Cr	1.19%
Mphasis Ltd	Equity	₹34.6 Cr	1.16%
Sun Pharmaceuticals Industries Ltd	Equity	₹33.2 Cr	1.11%
AAVAS Financiers Ltd	Equity	₹30.72 Cr	1.03%
Vedant Fashions Ltd	Equity	₹27.56 Cr	0.92%
Aditya Birla Real Estate Ltd	Equity	₹26.34 Cr	0.88%
Aether Industries Ltd	Equity	₹25.91 Cr	0.86%
G R Infraprojects Ltd	Equity	₹25.1 Cr	0.84%
Sagility India Ltd	Equity	₹25.06 Cr	0.84%
Aadhar Housing Finance Ltd	Equity	₹23.69 Cr	0.79%
Whirlpool of India Ltd	Equity	₹22.2 Cr	0.74%
Siemens Ltd	Equity	₹21.94 Cr	0.73%
Indraprastha Gas Ltd	Equity	₹20.78 Cr	0.69%
Blue Jet Healthcare Ltd	Equity	₹20.74 Cr	0.69%
RHI Magnesita India Ltd	Equity	₹20.72 Cr	0.69%
Hindalco Industries Ltd	Equity	₹20.48 Cr	0.68%
EPACK Durable Ltd	Equity	₹19.24 Cr	0.64%
Awfis Space Solutions Ltd	Equity	₹18.27 Cr	0.61%
Westlife Foodworld Ltd	Equity	₹17.61 Cr	0.59%
Ceigall India Ltd	Equity	₹17.42 Cr	0.58%
PNC Infratech Ltd	Equity	₹17.15 Cr	0.57%
ACME Solar Holdings Ltd	Equity	₹16.26 Cr	0.54%
Sula Vineyards Ltd	Equity	₹16.24 Cr	0.54%
Ion Exchange (India) Ltd	Equity	₹15.46 Cr	0.52%
Crompton Greaves Consumer Electricals Ltd	Equity	₹14.9 Cr	0.50%
Bharti Hexacom Ltd	Equity	₹14.81 Cr	0.49%
Techno Electric & Engineering Co Ltd	Equity	₹14.23 Cr	0.47%
Cummins India Ltd	Equity	₹13.15 Cr	0.44%
Sapphire Foods India Ltd	Equity	₹12.17 Cr	0.41%
Delhivery Ltd	Equity	₹10.81 Cr	0.36%
KSB Ltd	Equity	₹10.37 Cr	0.35%
TeamLease Services Ltd	Equity	₹8.79 Cr	0.29%
CG Power & Industrial Solutions Ltd	Equity	₹8.64 Cr	0.29%
Emcure Pharmaceuticals Ltd	Equity	₹8.37 Cr	0.28%
Timken India Ltd	Equity	₹8.33 Cr	0.28%
Blue Dart Express Ltd	Equity	₹8.27 Cr	0.28%
Brainbees Solutions Ltd	Equity	₹7.11 Cr	0.24%
ABB India Ltd	Equity	₹6.91 Cr	0.23%
Grindwell Norton Ltd	Equity	₹6.9 Cr	0.23%
Kolte-Patil Developers Ltd	Equity	₹6.44 Cr	0.21%
Sai Life Sciences Ltd	Equity	₹5.69 Cr	0.19%
Net Current Assets	Cash	₹-3.14 Cr	0.10%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹676.22 Cr	22.57%
Industrials	₹585.21 Cr	19.54%
Consumer Cyclical	₹557.28 Cr	18.60%
Healthcare	₹295.76 Cr	9.87%
Communication Services	₹212.49 Cr	7.09%
Technology	₹115.44 Cr	3.85%
Utilities	₹84.84 Cr	2.83%
Basic Materials	₹72.73 Cr	2.43%
Real Estate	₹65.91 Cr	2.20%
Consumer Defensive	₹16.24 Cr	0.54%

Risk & Performance Ratios

Fund Managers

Rahul Baijal

Since November 2022

Dhruv Muchhal

Since June 2023

Additional Scheme Detailsas of 31st December 2024

ISIN

INF179KC1DY9

Expense Ratio

0.78%

Exit Load

1.00%

Fund Size

₹2,996 Cr

Age

2 years 1 month

Lumpsum Minimum

₹100

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:

Dividend Taxation:

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
SBI Equity Minimum Variance Fund Direct Growth Very High Risk	0.4%	0.0%	₹212.14 Cr	6.1%
SBI Equity Minimum Variance Fund Regular Growth Very High Risk	0.8%	0.0%	₹212.14 Cr	5.7%
Bandhan Transportation and Logistics Fund Direct Growth Very High Risk	0.9%	0.0%	₹534.00 Cr	13.6%
Bandhan Transportation and Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹534.00 Cr	11.9%
ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk	0.8%	1.0%	₹3101.23 Cr	20.1%
ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk	1.9%	1.0%	₹3101.23 Cr	18.7%
HDFC NIFTY200 Momentum 30 ETF Very High Risk	0.3%	-	₹11.35 Cr	63.0%
HDFC NIFTY100 Low Volatility 30 ETF Very High Risk	0.3%	-	₹5.95 Cr	34.7%
ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk	0.3%	-	₹414.11 Cr	5.4%
DSP Nifty Midcap 150 Quality 50 ETF Very High Risk	0.3%	-	₹98.49 Cr	12.0%

About the AMC

HDFC Mutual Fund

+91 22 66316333

https://www.hdfcfund.com/

Total AUM

₹7,37,234 Cr

Address

“HUL House”, 2nd Floor, Mumbai, 400 020

Other Funds by HDFC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HDFC Pharma and Healthcare Fund Direct Growth Very High Risk	0.9%	1.0%	₹1577.12 Cr	39.4%
HDFC Technology Fund Direct Growth Very High Risk	0.9%	1.0%	₹1460.73 Cr	23.5%
HDFC Fixed Maturity Plan 1162 Days March 2022 Series 46 Direct Growth Low Risk	-	0.0%	₹32.37 Cr	7.6%
HDFC FMP 1204D December 2022 (47) Direct Growth Low to Moderate Risk	-	-	₹51.24 Cr	7.6%
HDFC Fixed Maturity Plans 1269 Days March 2023 Series 47 Direct Growth Low to Moderate Risk	-	0.0%	₹76.00 Cr	8.0%
HDFC Fixed Maturity Plans 1359 Days September 2022 Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹314.90 Cr	7.8%
HDFC Fixed Maturity Plan 1406 Days August 2022 Series 46 Direct Growth Moderate Risk	-	0.0%	₹245.13 Cr	8.2%
HDFC Fixed Maturity Plans 1113 Days March 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	0.0%	-	-
HDFC Fixed Maturity Plan 1876 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹31.72 Cr	8.4%
HDFC Fixed Maturity Plans Series 46 1158D July 2022 Direct Growth Low to Moderate Risk	-	0.0%	₹160.58 Cr	7.7%
HDFC Fixed Maturity Plan 1861 Days Series 46 Direct Growth Low to Moderate Risk	-	0.0%	₹453.39 Cr	8.5%
HDFC FMP 2638D February 2023 (47) Direct Growth Moderate Risk	-	0.0%	₹151.02 Cr	9.5%
HDFC Fixed Maturity Plans 1127 Days April 2019 Series 44 Plan 1 Direct Growth Moderate Risk	-	-	-	-
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹95521.37 Cr	12.7%
HDFC Hybrid Equity Fund Direct Growth Very High Risk	1.1%	1.0%	₹23911.59 Cr	9.8%
HDFC Dynamic PE Ratio Fund of Funds Plan A Direct Growth High Risk	0.2%	1.0%	₹49.54 Cr	10.1%
HDFC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹33893.14 Cr	11.1%
HDFC Housing Opportunities Fund Direct Growth Very High Risk	1.2%	1.0%	₹1391.51 Cr	6.1%
HDFC Large and Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹23898.61 Cr	12.5%
HDFC Nifty G-Sec July 2031 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹672.54 Cr	9.4%
HDFC Nifty G-sec Dec 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1325.50 Cr	7.8%
HDFC Business Cycle Fund Direct Growth Very High Risk	0.8%	1.0%	₹2995.54 Cr	8.3%
HDFC NIFTY Smallcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹393.82 Cr	13.1%
HDFC Credit Risk Debt Fund Direct Growth Moderately High risk	1.0%	1.0%	₹7344.44 Cr	8.7%
HDFC Nifty SDL Oct 2026 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹194.47 Cr	8.2%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5903.91 Cr	8.3%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹3656.50 Cr	8.2%
HDFC Non-Cyclical Consumer Fund Direct Growth Very High Risk	1.1%	1.0%	₹919.25 Cr	14.9%
HDFC Asset Allocator Fund of Funds Direct Growth High Risk	0.1%	1.0%	₹3393.49 Cr	13.4%
HDFC Gold Fund Direct Growth High Risk	0.2%	1.0%	₹2765.21 Cr	27.2%
HDFC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹2882.09 Cr	9.2%
HDFC Dynamic Debt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹792.90 Cr	9.2%
HDFC Medium Term Debt Fund Direct Growth Moderately High risk	0.7%	0.0%	₹3952.67 Cr	8.7%
HDFC Income Fund Direct Growth Moderate Risk	0.8%	0.0%	₹863.39 Cr	9.3%
HDFC Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹2464.93 Cr	15.9%
HDFC Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹68648.01 Cr	7.4%
HDFC Corporate Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹32373.58 Cr	8.9%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹77967.21 Cr	18.2%
HDFC Hybrid Debt Fund Direct Growth Moderately High risk	1.2%	1.0%	₹3308.33 Cr	9.6%
HDFC TaxSaver Direct Growth Very High Risk	1.1%	0.0%	₹15728.87 Cr	16.4%
HDFC Multi - Asset Fund Direct Growth High Risk	0.8%	1.0%	₹3843.90 Cr	13.3%
HDFC Equity Savings Fund Direct Growth Moderately High risk	0.9%	1.0%	₹5579.64 Cr	9.2%
HDFC Short Term Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹14816.22 Cr	8.5%
HDFC Top 100 Fund Direct Growth Very High Risk	1.0%	1.0%	₹35974.91 Cr	7.8%
HDFC S&P BSE 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹201.21 Cr	9.1%
HDFC Nifty Midcap 150 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹280.22 Cr	12.9%
HDFC Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹6133.24 Cr	10.9%
HDFC Low Duration Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹18121.99 Cr	8.0%
HDFC Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹16867.38 Cr	8.1%
HDFC Capital Builder Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹7251.60 Cr	14.8%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of HDFC Business Cycle Fund Direct Growth?

The NAV of HDFC Business Cycle Fund Direct Growth, as of 21-Jan-2025, is ₹14.07.

What is the portfolio composition of HDFC Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 89.54% in equities, 2.06% in bonds, and 8.40% in cash and cash equivalents.

Who manages the HDFC Business Cycle Fund Direct Growth?

The fund managers responsible for HDFC Business Cycle Fund Direct Growth are:-

Rahul Baijal
Dhruv Muchhal

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹2,996 Cr

Expense Ratio

0.78%

ISIN

INF179KC1DY9

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

30 Nov 2022

Risk Level

Your principal amount will be at Very High Risk