HSBC Business Cycles Fund Direct Growth

Fund Overview

Fund Size

₹959 Cr

Expense Ratio

1.16%

ISIN

INF917K01RI2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

20 Aug 2014

About this fund

HSBC Business Cycles Fund Direct Growth is a Equity - Other mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 10 years, 6 months and 2 days, having been launched on 20-Aug-14.
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹40.28, Assets Under Management (AUM) of 958.69 Crores, and an expense ratio of 1.16%.

HSBC Business Cycles Fund Direct Growth has given a CAGR return of 14.18% since inception.
The fund's asset allocation comprises around 96.79% in equities, 0.00% in debts, and 3.21% in cash & cash equivalents.
You can start investing in HSBC Business Cycles Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

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

+8.50%

— (Cat Avg.)

3 Years

+19.25%

— (Cat Avg.)

5 Years

+18.62%

— (Cat Avg.)

10 Years

+12.41%

— (Cat Avg.)

Since Inception

+14.18%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2025

Equity	₹927.95 Cr	96.79%
Others	₹30.74 Cr	3.21%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Trent Ltd	Equity	₹55.05 Cr	5.74%
Multi Commodity Exchange of India Ltd	Equity	₹54.06 Cr	5.64%
ICICI Bank Ltd	Equity	₹53.24 Cr	5.55%
Reliance Industries Ltd	Equity	₹46.23 Cr	4.82%
HDFC Bank Ltd	Equity	₹32.84 Cr	3.43%
Treps	Cash - Repurchase Agreement	₹31.83 Cr	3.32%
Bharat Electronics Ltd	Equity	₹29.27 Cr	3.05%
Larsen & Toubro Ltd	Equity	₹29.19 Cr	3.04%
PB Fintech Ltd	Equity	₹25.76 Cr	2.69%
Power Finance Corp Ltd	Equity	₹25.49 Cr	2.66%
Ahluwalia Contracts (India) Ltd	Equity	₹23.54 Cr	2.46%
UltraTech Cement Ltd	Equity	₹22.52 Cr	2.35%
Blue Star Ltd	Equity	₹21.77 Cr	2.27%
Power Mech Projects Ltd	Equity	₹19.56 Cr	2.04%
ABB India Ltd	Equity	₹19.15 Cr	2.00%
Aditya Birla Real Estate Ltd	Equity	₹18.8 Cr	1.96%
BSE Ltd	Equity	₹18.66 Cr	1.95%
Kirloskar Pneumatic Co Ltd	Equity	₹18.22 Cr	1.90%
State Bank of India	Equity	₹17.68 Cr	1.84%
Mangalore Chemicals & Fertilizers Ltd	Equity	₹17.11 Cr	1.78%
Gokaldas Exports Ltd	Equity	₹16.72 Cr	1.74%
Time Technoplast Ltd	Equity	₹16.5 Cr	1.72%
Aegis Logistics Ltd	Equity	₹15.37 Cr	1.60%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹15.28 Cr	1.59%
Indian Energy Exchange Ltd	Equity	₹15.1 Cr	1.57%
Epigral Ltd	Equity	₹14.1 Cr	1.47%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹14.09 Cr	1.47%
PNB Housing Finance Ltd	Equity	₹13.58 Cr	1.42%
KEC International Ltd	Equity	₹13.41 Cr	1.40%
TVS Motor Co Ltd	Equity	₹12.29 Cr	1.28%
Suzlon Energy Ltd	Equity	₹11.87 Cr	1.24%
Brigade Enterprises Ltd	Equity	₹11.71 Cr	1.22%
Gujarat Fluorochemicals Ltd Ordinary Shares	Equity	₹11.31 Cr	1.18%
Indian Hume Pipe Company Limited	Equity	₹10.78 Cr	1.12%
GE Vernova T&D India Ltd	Equity	₹10.55 Cr	1.10%
Bansal Wire Industries Ltd	Equity	₹10.39 Cr	1.08%
Titan Co Ltd	Equity	₹10.12 Cr	1.06%
EIH Ltd	Equity	₹9.71 Cr	1.01%
Indo Count Industries Ltd	Equity	₹9.33 Cr	0.97%
Hindalco Industries Ltd	Equity	₹8.59 Cr	0.90%
Sterling and Wilson Renewable Energy Ltd	Equity	₹8.47 Cr	0.88%
NCC Ltd	Equity	₹8.47 Cr	0.88%
Jindal Stainless Ltd	Equity	₹7.89 Cr	0.82%
H.G. Infra Engineering Ltd Ordinary Shares	Equity	₹7.59 Cr	0.79%
REC Ltd	Equity	₹7.51 Cr	0.78%
Kajaria Ceramics Ltd	Equity	₹7.01 Cr	0.73%
Pitti Engineering Ltd	Equity	₹6.83 Cr	0.71%
Cholamandalam Investment and Finance Co Ltd	Equity	₹6.82 Cr	0.71%
Birla Corp Ltd	Equity	₹6.63 Cr	0.69%
Sundaram Fasteners Ltd	Equity	₹6.42 Cr	0.67%
PNC Infratech Ltd	Equity	₹6.25 Cr	0.65%
Amara Raja Energy & Mobility Ltd	Equity	₹6.22 Cr	0.65%
Motherson Sumi Wiring India Ltd	Equity	₹5.61 Cr	0.59%
PG Electroplast Ltd	Equity	₹5.27 Cr	0.55%
Timken India Ltd	Equity	₹5.12 Cr	0.53%
Jyoti CNC Automation Ltd	Equity	₹4.99 Cr	0.52%
Bank of Baroda	Equity	₹4.63 Cr	0.48%
Ganesha Ecosphere Ltd	Equity	₹4.49 Cr	0.47%
IIFL Capital Services Ltd Ordinary Shares	Equity	₹3.79 Cr	0.40%
Hi-Tech Pipes Ltd	Equity	₹3.37 Cr	0.35%
Bharat Bijlee Ltd	Equity	₹2.86 Cr	0.30%
Transformers & Rectifiers (India) Ltd	Equity	₹2.8 Cr	0.29%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹-1.09 Cr	0.11%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹279.15 Cr	29.12%
Industrials	₹268.75 Cr	28.03%
Consumer Cyclical	₹161.52 Cr	16.85%
Basic Materials	₹120.69 Cr	12.59%
Energy	₹61.59 Cr	6.42%
Technology	₹13.75 Cr	1.43%
Real Estate	₹11.71 Cr	1.22%

Risk & Performance Ratios

Fund Managers

Venugopal Manghat

Since August 2014

Gautam Bhupal

Since June 2023

Sonal Gupta

Since June 2023

Additional Scheme Detailsas of 31st January 2025

ISIN

INF917K01RI2

Expense Ratio

1.16%

Exit Load

1.00%

Fund Size

₹959 Cr

Age

10 years 6 months

Lumpsum Minimum

₹5,000

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%	₹214.12 Cr	-0.6%
SBI Equity Minimum Variance Fund Regular Growth Very High Risk	0.8%	0.0%	₹214.12 Cr	-1.0%
Bandhan Transportation and Logistics Fund Direct Growth Very High Risk	0.9%	0.0%	₹524.52 Cr	3.1%
Bandhan Transportation and Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹524.52 Cr	1.5%
ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk	0.7%	1.0%	₹3040.04 Cr	9.6%
ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk	1.9%	1.0%	₹3040.04 Cr	8.3%
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%	-	₹411.67 Cr	-5.0%
DSP Nifty Midcap 150 Quality 50 ETF Very High Risk	0.3%	-	₹93.15 Cr	4.3%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,30,397 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹1480.05 Cr	10.7%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1484.41 Cr	7.1%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2305.66 Cr	6.2%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.8%	1.0%	₹5282.44 Cr	6.0%
HSBC Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹12848.97 Cr	4.7%
HSBC Credit Risk Fund Direct Growth Moderately High risk	0.9%	3.0%	₹583.92 Cr	8.0%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4128.58 Cr	7.5%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹10752.86 Cr	6.6%
HSBC ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹3977.42 Cr	12.9%
HSBC Equity Savings Fund Direct Growth Moderate Risk	0.6%	0.0%	₹645.87 Cr	10.1%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹538.02 Cr	7.9%
HSBC Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3712.11 Cr	8.0%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5826.55 Cr	8.1%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹157.91 Cr	8.1%
HSBC Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2456.27 Cr	7.7%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹260.95 Cr	7.7%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹744.08 Cr	8.5%
HSBC Focused Fund Direct Growth Very High Risk	0.9%	1.0%	₹1627.93 Cr	3.5%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.2%	1.0%	₹958.69 Cr	8.5%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3086.96 Cr	6.7%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.3%	0.0%	₹151.43 Cr	10.1%
HSBC Large Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹1827.54 Cr	4.6%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	0.8%	1.0%	₹35.18 Cr	22.5%
HSBC Brazil Fund Direct Growth Very High Risk	1.0%	1.0%	₹50.05 Cr	-10.3%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.7%	0.0%	₹48.51 Cr	7.9%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹21378.69 Cr	7.4%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹4680.33 Cr	5.9%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.6%	0.0%	₹236.36 Cr	11.2%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2625.45 Cr	7.7%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1890.59 Cr	8.2%
HSBC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹15453.03 Cr	0.7%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	0.8%	1.0%	₹66.83 Cr	10.5%
HSBC Managed Solutions India Conservative Direct Growth Moderately High risk	0.1%	1.0%	₹21.13 Cr	7.9%
HSBC Managed Solutions India Moderate Direct Growth High Risk	0.1%	1.0%	₹56.81 Cr	5.9%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	0.1%	1.0%	₹39.57 Cr	5.1%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹194.80 Cr	7.9%
HSBC Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2225.37 Cr	7.7%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	1.0%	₹124.26 Cr	3.6%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹292.73 Cr	4.4%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3873.33 Cr	8.8%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4253.86 Cr	4.5%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	1.0%	1.0%	₹8.25 Cr	18.3%

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 HSBC Business Cycles Fund Direct Growth?

The NAV of HSBC Business Cycles Fund Direct Growth, as of 21-Feb-2025, is ₹40.28.

What are the returns of HSBC Business Cycles Fund Direct Growth?

The fund has generated 8.50% over the last 1 year and 19.25% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of HSBC Business Cycles Fund Direct Growth?

The fund's allocation of assets is distributed as 96.79% in equities, 0.00% in bonds, and 3.21% in cash and cash equivalents.

Who manages the HSBC Business Cycles Fund Direct Growth?

The fund managers responsible for HSBC Business Cycles Fund Direct Growth are:-

Venugopal Manghat
Gautam Bhupal
Sonal Gupta

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

₹959 Cr

Expense Ratio

1.16%

ISIN

INF917K01RI2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

20 Aug 2014

Risk Level

Your principal amount will be at Very High Risk