HSBC Business Cycles Fund - Growth - Direct Plan

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  • 1.52 %Nav, as on 18-03-2026

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  • Net Change on 18-03-2026

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Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

To seek to generate long-term capital appreciation from a portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages ofbusiness cycles in the economy.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
HSBC Business Cycles Fund - Direct Growth -8.39 -7.32 6.88 18.74 16.30 13.23
NIFTY 50 - TRI N/A N/A N/A N/A N/A N/A
NIFTY 500 - TRI N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
HSBC Business Cycles Fund - Direct Growth Aug 20, 2014 6.88 18.74 16.30 1.04 1,101.49
ICICI Prudential India Opportunities Fund - Direct Plan - Cumulative Option Jan 15, 2019 11.08 22.81 22.84 0.65 35,665.82
ICICI Prudential Business Cycle Fund Direct Plan Growth Jan 18, 2021 12.43 21.93 18.86 0.73 16,201.80
Franklin INDIA OPPORTUNITIES FUND - Direct - Growth Jan 01, 2013 Unrated 10.15 26.96 19.50 0.56 8,428.48
ICICI Prudential Manufacturing Fund - Direct Plan - Cumulative Option Oct 11, 2018 17.40 25.14 21.32 0.78 6,600.72
SBI PSU Fund - DIRECT PLAN - GROWTH Jan 02, 2013 25.23 32.91 27.91 0.80 6,545.08

Fund Holdings as on 28-February-2026

  • ICICI Bank Limited

  • Reliance Industries Limited

  • HDFC Bank Limited

  • Multi Commodity Exchange of India Ltd.

  • Bharat Electronics Limited

  • Treps

  • Larsen & Toubro Limited

  • State Bank of India

  • ICICI Prudential AMC Ltd

  • Hindustan Aeronautics Limited

  • Power Finance Corporation Limited

  • UltraTech Cement Limited

  • Kotak Mahindra Bank Limited

  • GE Vernova T&D India Limited

  • RBL Bank Limited

  • Mtar Technologies Limited

  • InterGlobe Aviation Limited

  • AHLUWALIA CONTRACTS (INDIA) LTD

  • Hindalco Industries Limited

  • TVS Motor Company Limited

  • SWIGGY LIMITED

  • PB Fintech Limited

  • BLUE STAR LTD

  • PNB Housing Finance Limited

  • Amber Enterprises India Limited

  • Canara Robeco Mutual Fund

  • Eternal Limited

  • PARADEEP PHOSPHATES LIMITED

  • Tata Motors Commercial Vehicles Limited

  • Time Technoplast Limited

  • Tata Steel Limited

  • Motilal Oswal Financial Services

  • Wakefit Innovations Limited

  • ABB India Limited

  • Piramal Finance Ltd

  • Jyoti Cnc Automation Ltd

  • Titan Company Limited

  • Sobha Limited

  • Gokaldas Exports Limited

  • TITAGARH RAIL SYSTEMS LIMITED

  • Aditya Birla Real Estate Limited

  • INDIAN HUME PIPE COMPANY LIMITED

  • POWER MECH PROJECTS LIMITED

  • Gujarat Fluorochemicals Limited

  • MOLD-TEK PAKAGING LIMITED

  • KEC International Limited

  • TBO Tek Limited

  • Cholamandalam Invest & Finance Co Ltd

  • Pine Labs Limited

  • ELECTRONICS MART INDIA LIMITED

  • INDO COUNT INDUSTRIES LIMITED

  • Devyani International Limited

  • EIH Limited

  • Lenskart Solutions Limited

  • Prudent Corporate Advisory Services Ltd

  • Bank of Baroda

  • Epigral Limited

  • Kajaria Ceramics Limited

  • Bansal Wire Industries Limited

  • Motherson Sumi Wiring India Limited

  • KIRLOSKAR PNEUMATIC CO.LTD.

  • Shadowfax Technologies Limited

  • Birla Corporation Limited

  • APL Apollo Tubes Limited

  • Pitti Engineering Limited

  • Home First Finance Company India Limited

  • Amara Raja Batteries Ltd

  • Bharat Bijlee Ltd.

  • PG Electroplast Limited

  • PNC INFRATECH LIMITED

  • Ganesha Ecosphere Ltd.

  • Hi-Tech Pipes Limited

  • Meesho Limited

  • Awfis Space Solutions Limited

  • TVS Motor Company Limited

  • Net Current Assets (including cash & bank balances)

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  • Bank - Private

  • Engineering - Construction

  • Refineries

  • Defence

  • Finance - Stock Broking

  • Construction - Real Estate

  • Finance - Asset Management

  • Electric Equipment

  • e-Commerce

  • Finance - Housing

  • Bank - Public

  • Air Conditioners

  • Cement & Construction Materials

  • Steel & Iron Products

  • Fintech

  • Finance Term Lending

  • Engineering

  • Miscellaneous

  • Airlines

  • Textile

  • Metal - Non Ferrous

  • Automobile Two & Three Wheelers

  • Engineering - Industrial Equipments

  • Chemicals

  • Fertilizers

  • Automobiles-Trucks/Lcv

  • Plastic Products

  • Household & Personal Products

  • Diamond & Jewellery

  • Railways Wagons

  • Packaging

  • Travel Services

  • Finance - NBFC

  • Retailing

  • Consumer Food

  • Hotel, Resort & Restaurants

  • Medical Equipment/Supplies/Accessories

  • Finance - Others

  • Ceramics/Marble/Granite/Sanitaryware

  • Auto Ancillary

  • Compressors / Pumps

  • Logistics

  • Batteries

  • Consumer Durables - Domestic Appliances

  • Textile - Manmade Fibres

  • Business Support

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  • Cash

  • Equity

  • Preference Shares

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About HSBC Business Cycles Fund

Scheme Analysis

HSBC Business Cycles Fund is a Equity - Thematic Fund - Other fund and belongs to HSBC Mutual Fund. It was launched on 20-Aug-2014 and currently has an AUM of ₹1,101.49 crore. HSBC Business Cycles Fund is benchmarked against NIFTY 50 - TRI as primary index and NIFTY 500 - TRI as secondary index.

The NAV of HSBC Business Cycles Fund ended up ₹0.64(1.52%)yesterday to ₹42.822.

Among its top 3 holdings the fund has exposure to ICICI Bank Limited, and

The HSBC Business Cycles Fund is managed by Gautam Bhupal .

Fund House Contact

9-11 Floors, NESCO IT Park, Building No.3, Western Exp Highway, Goregaon (E) Mumbai - 400 063

+91 (22) 66145000
+91 (22) 49146033