HSBC Business Cycles Fund - Direct Plan - IDCW
HSBC Mutual Fund · Sectoral/Thematic · Direct · IDCW2/5 ★
NAV · as of 11/09/2026
26.16
1D
+0.30%1Y
-3.36%Key stats
- Expense ratio
- 1.15%
- AUM
- ₹1.18 K Cr
- Launched
- 20/08/2014
- Fund manager
- Gautam Bhupal; Mayank Chaturvedi
- Portfolio turnover
- 0.31%
- Risk
- Very High Risk
- Min lump-sum
- ₹5,000
- Min SIP
- ₹500/mo
- Fresh lump-sum
- Accepted
- Fresh SIP
- Accepted
NAV history
HSBC Business Cycles Fund - Direct Plan - IDCW
13/08/2026 to 11/09/2026
O - H - L -
Top holdings
75 disclosed- 1.5.52%
ICICI Bank Ltd
Financial Services
- 2.3.80%
MTAR Technologies Ltd
Industrials
- 3.3.62%
Treps
- 4.3.33%
HDFC Bank Ltd
Financial Services
- 5.2.81%
Reliance Industries Ltd
Energy
- 6.2.50%
InterGlobe Aviation Ltd
Industrials
- 7.2.47%
GE Vernova T&D India Ltd
Industrials
- 8.2.39%
ICICI Prudential Asset Management Co Ltd
Financial Services
- 9.2.36%
Hindustan Aeronautics Ltd Ordinary Shares
Industrials
- 10.2.35%
Bharat Electronics Ltd
Industrials
- 11.2.33%
Larsen & Toubro Ltd
Industrials
- 12.2.22%
RBL Bank Ltd
Financial Services
- 13.2.16%
Power Finance Corp Ltd
Financial Services
- 14.1.99%
Ahluwalia Contracts (India) Ltd
Industrials
- 15.1.99%
State Bank of India
Financial Services
- 16.1.86%
UltraTech Cement Ltd
Basic Materials
- 17.1.83%
Kotak Mahindra Bank Ltd
Financial Services
- 18.1.71%
PNB Housing Finance Ltd
Financial Services
- 19.1.64%
PB Fintech Ltd
Financial Services
- 20.1.61%
Motilal Oswal Financial Services Ltd
Financial Services
- 21.1.58%
Multi Commodity Exchange of India Ltd
Financial Services
- 22.1.51%
APL Apollo Tubes Ltd
Basic Materials
- 23.1.50%
Paradeep Phosphates Ltd
Basic Materials
- 24.1.49%
Electronics Mart India Ltd
Consumer Cyclical
- 25.1.47%
Nippon Life India Asset Management Ltd Ordinary Shares
Financial Services
- 26.1.46%
TVS Motor Co Ltd
Consumer Cyclical
- 27.1.44%
Eternal Ltd
Consumer Cyclical
- 28.1.37%
Piramal Finance Ltd
Financial Services
- 29.1.37%
Hindalco Industries Ltd
Basic Materials
- 30.1.34%
ABB India Ltd
Industrials
- 31.1.32%
Canara Robeco Asset Management Co Ltd
Financial Services
- 32.1.30%
Gokaldas Exports Ltd
Consumer Cyclical
- 33.1.29%
Swiggy Ltd
Consumer Cyclical
- 34.1.27%
Amber Enterprises India Ltd Ordinary Shares
Consumer Cyclical
- 35.1.25%
Time Technoplast Ltd
Consumer Cyclical
- 36.1.24%
Power Mech Projects Ltd
Industrials
- 37.1.21%
Jyoti CNC Automation Ltd
Industrials
- 38.1.21%
Blue Star Ltd
Industrials
- 39.1.20%
Titagarh Rail Systems Ltd
Industrials
- 40.1.19%
Maruti Suzuki India Ltd
Consumer Cyclical
- 41.1.16%
Indo Count Industries Ltd
Consumer Cyclical
- 42.1.14%
Prudent Corporate Advisory Services Ltd
Financial Services
- 43.1.11%
Mold-tek Packaging Ltd
Consumer Cyclical
- 44.1.10%
FSN E-Commerce Ventures Ltd
Consumer Cyclical
- 45.1.08%
Titan Co Ltd
Consumer Cyclical
- 46.1.08%
Pine Labs Ltd
Technology
- 47.1.06%
Gujarat Fluorochemicals Ltd Ordinary Shares
Basic Materials
- 48.0.96%
Sobha Ltd
Real Estate
- 49.0.93%
Indian Hume Pipe Co Ltd
Industrials
- 50.0.93%
Shadowfax Technologies Ltd
Industrials
- 51.0.89%
Tata Motors Ltd
Consumer Cyclical
- 52.0.86%
Bansal Wire Industries Ltd
Basic Materials
- 53.0.80%
Cholamandalam Investment and Finance Co Ltd
Financial Services
- 54.0.77%
Wakefit Innovations Ltd
Consumer Cyclical
- 55.0.72%
Kajaria Ceramics Ltd
Industrials
- 56.0.72%
Home First Finance Co India Ltd
Financial Services
- 57.0.70%
KEC International Ltd
Industrials
- 58.0.70%
Epigral Ltd
Basic Materials
- 59.0.61%
Devyani International Ltd
Consumer Cyclical
- 60.0.61%
R R Kabel Ltd
Industrials
- 61.0.60%
Lenskart Solutions Ltd
Healthcare
- 62.0.57%
Net Current Assets (Including Cash & Bank Balances)
- 63.0.53%
Billionbrains Garage Ventures Ltd
Financial Services
- 64.0.52%
Sterlite Technologies Ltd
Technology
- 65.0.52%
JSW Steel Ltd
Basic Materials
- 66.0.49%
Pitti Engineering Ltd
Industrials
- 67.0.43%
Bharat Bijlee Ltd
Industrials
- 68.0.43%
Amara Raja Energy & Mobility Ltd
Industrials
- 69.0.38%
Awfis Space Solutions Ltd
Industrials
- 70.0.38%
PNC Infratech Ltd
Industrials
- 71.0.34%
Ganesha Ecosphere Ltd
Consumer Cyclical
- 72.0.30%
PG Electroplast Ltd
Technology
- 73.0.19%
Hi-Tech Pipes Ltd
Basic Materials
- 74.-
Motherson Sumi Wiring India Ltd
- 75.-
Tata Steel Ltd
Sector allocation
- Financial Services33.33%
- Industrials29.99%
- Consumer Cyclical17.78%
- Basic Materials9.58%
- Unclassified4.18%
- Energy2.81%
- Technology1.90%
- Real Estate0.96%
- Healthcare0.60%
Comparable peers
SBI Healthcare Opportunities IDCW Payout Direct Plan
SBI Healthcare Opportunities IDCW Payout (DP) · ₹5.40 K Cr AUM
1Y+22.46%3Y+24.66%-HDFC Transportation & Logistics IDCW Reinvest Direct Plan
HDFC Transportation & Logistics IDCW Reinvest (DR) · ₹1.96 K Cr AUM
1Y+9.29%3Y+25.53%-HDFC Transportation & Logistics IDCW Payout Direct Plan
HDFC Transportation & Logistics IDCW Payout (DP) · ₹1.96 K Cr AUM
1Y+9.29%3Y+25.53%-HDFC Transportation & Logistics IDCW Reinvest Direct Plan
HDFC Transportation & Logistics IDCW Reinvest (DR) · ₹1.96 K Cr AUM
1Y+9.29%3Y+25.53%-HSBC Business Cycles IDCW Payout Direct Plan
HSBC Business Cycles IDCW Payout (DP) · ₹1.18 K Cr AUM
1Y+3.88%3Y+15.28%-
Investment objective
The investment objective of the Scheme is 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 of business cycles in the economy. The Scheme could also additionally invest in Foreign Securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Scheme details
- Scheme code
- 151145
- Fund house
- HSBC Mutual Fund
- Category
- Open Ended
- Type
- Equity Schemes
- Sub-category
- Sectoral/Thematic
- Plan
- Direct
- Return type
- IDCW
- ISIN (Growth)
- INF917K01RK8
- ISIN (Div. Reinvest)
- INF917K01RJ0
- Tradable on exchange
- No