HSBC Business Cycles Fund

Sectoral / ThematicEquityVery High risk Rank 68 of 157

NAV · Direct-Growth

₹49.07-0.09-0.18%

As of 18 Aug 2026 · AMFI

NAV growth+4.0%

Aug ’25Aug ’26

Arthkar verdictSolid on the numbers

Returns

Mixed vs category

2 of 3 periods ahead

Cost

Average

0.88% vs NaN% peers

Consistency

Strong

positive in 10 of 12 years

Beats its Sectoral / Thematic category on 3Y & 5Y but trails on 1Y.

1Y return

+4.0%

-5.5 vs cat

3Y CAGR

+17.8%

+0.6 vs cat

5Y CAGR

+16.9%

+2.1 vs cat

AUM

₹1.1K Cr

fund size

Expense

0.88%

direct plan

Volatility 3Y

20.3%

3Y std dev

Go deeper on HSBC Business Cycles Fund

Two data-only views, computed from this fund's real NAV history — no projections.

HSBC Business Cycles Fund SIP returnsWhat ₹1,000–₹25,000/month actually became, 3 to 20 years — real results, with drawdowns and an FD comparison.HSBC Business Cycles Fund real oddsYour real chances over every start date in history — how often it made money and beat a fixed deposit.

In plain English

HSBC Business Cycles Fund is a Sectoral / Thematic scheme from HSBC. The portfolio is ~98% in equities. Long-run track record: about 16.9% CAGR over 5 years. Volatility is high — expect 30 %+ paper losses during major corrections. Worst historical drawdown: -45% in Mar 2020, recovered in 10 months. Wrong fit if you need this money in less than 7 years.

Auto-generated from holdings, returns and risk data. No paid placement, no copy-pasted boilerplate.

NAV history

Showing Direct · Growth · INF917K01RI2

NAV (Direct-Growth)

₹49.0684

Last 1Y

+4.02%

Aug 25Min ₹39.67 · Max ₹49.29 · 248 ptsAug 26

Drawdown stories

The crashes you should know about — and how long the fund took to recover.

Mar 2020

-44.7%

Peak ₹18.56 on 8 Jan 2018 → trough ₹10.27 on 23 Mar 2020 (27 months down).

Recovered in 10 months· 20 Jan 2021

Feb 2016

-24.4%

Peak ₹13.07 on 6 Aug 2015 → trough ₹9.88 on 29 Feb 2016 (7 months down).

Recovered in 5 months· 28 Jul 2016

Mar 2025 — ongoing

-23.4%

Peak ₹49.68 on 11 Dec 2024 → trough ₹38.05 on 3 Mar 2025 (3 months down).

Not yet recovered

Jun 2022

-18.4%

Peak ₹25.77 on 17 Jan 2022 → trough ₹21.02 on 20 Jun 2022 (5 months down).

Recovered in 2 months· 18 Aug 2022

Computed from the full NAV history. We show drawdowns deeper than 10%, sorted by depth.

Honesty score

A 1–5 grade on the dimensions other sites won't surface — expense bloat, AUM bloat, concentration, mandate compliance.

Honesty score

4 / 5

Solid scheme on the dimensions we check. No red flags.

Expense ratio
0.88% — typical for category.
AUM size
₹1.1K Cr.
Sector concentration
Top 3 sectors = 79.3% — heavy concentration risk.

Computed from expense ratio, AUM, sector concentration and SEBI mandate compliance. No paid review.

Performance

Returns for various periods, with category average and peer rank.

Period	Returns	Category avg	Rank
1W	+0.02%	-0.40%	72/ 286
1M	+3.14%	+2.47%	117/ 286
3M	+8.18%	+8.01%	124/ 286
6M	+6.17%	+6.33%	122/ 278
YTD	+5.66%	+6.03%	118/ 273
1Y	+4.02%	+9.52%	178/ 258
2Y	+3.75%	+5.82%	120/ 203
3Y	+17.75%	+17.18%	68/ 157
5Y	+16.90%	+14.76%	36/ 125
7Y	+18.69%	+18.88%	54/ 104
10Y	+14.07%	+14.74%	52/ 81

Portfolio composition

Asset allocation

Equity97.69%
Cash2.31%

By market cap

Large cap42.38%
Mid cap18.77%
Small cap35.28%
Others3.57%

Concentration

Holdings

Avg market cap

₹69.0K Cr

Top 10 stocks

32.27%

Top 5 stocks

20.11%

Top 3 sectors

79.27%

Top holdings

Top 15 positions by weight, latest disclosure.

#InstrumentSectorWeight

1
Reliance Industries Ltd
—5.53%
2
ICICI Bank Ltd
—5.25%
1
ICICI Bank Ltd
—5.22%
2
Reliance Industries Ltd
—5.00%
3
HDFC Bank Ltd
—3.70%
3
HDFC Bank Ltd
—3.31%
4
MTAR Technologies Ltd
—3.31%
5
Multi Commodity Exchange of India Ltd
—3.26%
4
Multi Commodity Exchange of India Ltd
—3.08%
6
Bharat Electronics Ltd
—2.77%
6
Bharat Electronics Ltd
—2.53%
7
ICICI Prudential Asset Management Co Ltd
—2.44%
7
ICICI Prudential Asset Management Co Ltd
—2.44%
8
Hindalco Industries Ltd
—2.44%
9
Hindustan Aeronautics Ltd Ordinary Shares
—2.41%

Fundamentals (vs category)

Portfolio-weighted ratios, compared with the category average.

MetricFundCategory avgDiff

P/E ratio25.4328.47-3.04
P/B ratio3.274.25-0.98
Price / Sales2.613.21-0.60
Price / Cash Flow17.3219.97-2.65
Dividend yield0.67%1.23%-0.56
Return on equity (ROE)17.62%18.47%-0.85

Risk metrics

Standard deviation, Sharpe, Sortino, Beta — all vs category average.

Metric1Y3Y5YCat 1YCat 3YCat 5Y

Standard deviation
Volatility — lower means steadier returns.
22.7320.4417.97———
Sharpe ratio
Risk-adjusted return — higher is better.
-0.280.600.65———
Sortino ratio
Like Sharpe but only counts downside volatility.
-0.450.971.09———
Beta
1 = moves with the market. <1 = less volatile.
——————

Peers in Sectoral / Thematic

Other schemes in the same SEBI category, ranked by AUM.

Peer fundAUM1Y3Y CAGRExpense

Peers in same SEBI category, ranked by AUM. Compare any →

Available plans & options

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