HSBC Business Cycles Fund

Sectoral / ThematicEquity SEBI-regulated

NAV (Direct-Growth)

₹47.7370

As of 3 Jul 2026 · AMFI

AUM

₹1.1K Cr

Expense ratio

0.88%

1Y returns

-2.61%

3Y CAGR

+18.06%

5Y CAGR

+17.27%

Std deviation 3Y

+20.44%

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 17.3% CAGR over 5 years. Volatility is high — expect 30 %+ paper losses during major corrections. Worst historical drawdown: -23% in Mar 2025 — ongoing. 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)

₹47.7370

Last 1Y

-2.64%

Jul 25Min ₹39.67 · Max ₹49.03 · 244 ptsJul 26

Drawdown stories

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

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

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	+1.32%	+0.61%n=443	31/ 147
1M	+13.99%	+7.16%n=443	12/ 144
3M	+7.34%	+8.51%n=430	37/ 135
6M	+3.11%	+0.25%n=421	50/ 131
YTD	+3.19%	+0.78%n=428	58/ 131
1Y	-2.61%	+7.70%n=397	109/ 120
2Y	+7.54%	+6.68%n=322	38/ 73
3Y	+18.06%	+18.41%n=248	27/ 56
5Y	+17.27%	+15.97%n=205	12/ 37
7Y	+16.89%	+17.17%n=166	15/ 25
10Y	+14.84%	+15.45%n=138	9/ 17

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%
5
Treps
—2.98%
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%

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 →

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