GMP IPO Watch
HDFC Business Cycle Fund
Regular Plan · Growth Option · HDFC Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +4.04% | +3.52% | 113 of 255 |
| 1M | +1.98% | +1.97% | 134 of 255 |
| 3M | -2.16% | -3.45% | 74 of 252 |
| 6M | +5.55% | +2.92% | 73 of 251 |
| YTD | +1.60% | +1.21% | 104 of 255 |
| 1Y | -0.24% | +1.11% | 116 of 232 |
| 2Y | +2.51% | +2.39% | 91 of 187 |
| 3Y | +10.22% | +12.36% | 88 of 142 |
| INCEPTION | +10.82% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +3.34% | +18.24% | -14.53% | 68% | 27% |
| 6M | +6.67% | +23.33% | -16.82% | 74% | 30% |
| 1Y | +12.64% | +38.21% | -7.13% | 85% | 36% |
| 2Y | +10.24% | +22.51% | -2.08% | 93% | 40% |
| 3Y | +11.74% | +14.98% | +8.04% | 100% | 44% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity88.05%
- Debt1.07%
- Cash10.88%
- Other0.00%
Market Cap Split
- Large Cap36.40%
- Mid Cap20.88%
- Small Cap30.77%
- Others11.95%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 30.56 | 27.94 |
| P/B | 3.85 | 4.57 |
| Price / Sales | 4.72 | 3.25 |
| Price / Cash Flow | 18.22 | 20.95 |
| Dividend Yield (%) | 0.67 | 1.18 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| TREPS - Tri-party Repo | Reverse Repo / TREPS | 10.92% | — |
| Bharti Airtel | Telecom - Services | 5.69% | +0.09% |
| Kotak Bank | Banks | 5.31% | +0.21% |
| ICICI Bank | Banks | 5.21% | -0.25% |
| Titan | Consumer Durables | 4.46% | -0.27% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 3.78% | -0.52% |
| Pearl Global Industries | Textiles & Apparels | 3.28% | +0.28% |
| HDFC Bank | Banks | 3.24% | +0.15% |
| Eternal | Retailing | 2.86% | +0.06% |
| Vishal Mega Mart | Retailing | 2.52% | -0.11% |
| Clean Max Enviro Energy Solutions | Power | 2.38% | +0.25% |
| Cholamandalam Investment | Finance | 2.28% | -0.21% |
| Indusind Bank | Banks | 2.24% | -0.17% |
| Bajaj Auto | Automobiles | 2.23% | -0.14% |
| Home First Finance Company | Finance | 2.23% | -0.02% |
View all 65 holdings
| Aadhar Housing Finance | Finance | 2.17% | -0.06% |
| ACME Solar Holdings | Power | 2.03% | +0.26% |
| Aether Industries | Chemicals & Petrochemicals | 1.94% | -1.14% |
| Swiggy | Retailing | 1.93% | -0.15% |
| Aptus Value Housing Finance | Finance | 1.75% | -0.04% |
| Fortis Healthcare | Equity | 1.71% | -0.21% |
| Eris Lifesciences | Pharmaceuticals & Biotechnology | 1.69% | -0.07% |
| Mankind Pharma | Pharmaceuticals & Biotechnology | 1.37% | +0.11% |
| KSB | Industrial Products | 1.31% | +0.13% |
| Bharat Dynamics | Aerospace & Defense | 1.30% | -0.13% |
| ICICI Prudential Asset Management | Capital Markets | 1.27% | +0.08% |
| GE Vernova T&D | Electrical Equipment | 1.20% | -0.47% |
| Glass Wall Systems | Other Construction Materials | 1.17% | — |
| Le Travenues Technology (IXIGO) | Leisure Services | 1.17% | +0.05% |
| Global Health | Equity | 1.16% | -0.04% |
| Interglobe Aviation | Transport Services | 1.16% | -1.59% |
| Embassy Office Parks REIT | Realty | 1.13% | +0.04% |
| GOI LOAN 6.68% 2040 | Debt | 1.07% | +0.03% |
| Leela Palaces Hotels & Resorts | Leisure Services | 1.03% | -0.09% |
| SRF | Chemicals & Petrochemicals | 1.01% | +0.01% |
| PB FinTech | Financial Technology (Fintech) | 0.98% | -0.67% |
| Chalet Hotels | Leisure Services | 0.93% | -0.25% |
| CG Power & Industrial Solutions | Electrical Equipment | 0.88% | -0.02% |
| Timken | Industrial Products | 0.85% | +0.03% |
| Adani Ports & SEZ | Transport Infrastructure | 0.81% | +0.12% |
| Dhoot Transmission | Auto Components | 0.65% | -0.57% |
| Sona BLW Precision Forgings | Auto Components | 0.56% | +0.03% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.54% | -0.01% |
| Bosch | Auto Components | 0.52% | -0.74% |
| GR Infraprojects | Construction | 0.52% | -0.02% |
| RHI Magnesita | Industrial Products | 0.51% | +0.04% |
| WeWork India Management | Commercial Services & Supplies | 0.50% | +0.01% |
| Axis Bank | Banks | 0.46% | -0.15% |
| Firstcry (Brainbees Solutions) | Retailing | 0.39% | +0.01% |
| JSW Energy | Power | 0.39% | +0.00% |
| Ola Electric Mobility | Automobiles | 0.38% | -0.02% |
| Rentomojo | Commercial Services & Supplies | 0.38% | — |
| Awfis Space Solutions | Commercial Services & Supplies | 0.30% | +0.00% |
| Grindwell Norton | Industrial Products | 0.27% | +0.01% |
| PNC Infratech | Construction | 0.26% | -0.09% |
| Ceigall India | Construction | 0.25% | +0.04% |
| Lumino Industries | Industrial Products | 0.25% | +0.06% |
| Indo-MIM | Industrial Manufacturing | 0.24% | -0.09% |
| Shiprocket | Transport Services | 0.23% | -0.29% |
| Crompton Greaves | Consumer Durables | 0.21% | -0.02% |
| Sula Vineyards | Beverages | 0.20% | -0.01% |
| Star Health Insurance | Insurance | 0.15% | +0.00% |
| Afcons Infrastructure | Construction | 0.12% | -0.02% |
| Tempsens Instruments | Industrial Manufacturing | 0.11% | -0.12% |
| Net Current Assets | Net Current Assets | -0.04% | — |
Sector Allocation · Sep 2026
View all 27 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 15.19 | 16.32 | Low Volatility |
| 3Y | 14.02 | 16.10 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.39 | -0.32 | Below Average |
| 3Y | 0.32 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.08 | 0.19 | Below Average |
| 3Y | 1.08 | 1.14 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From HDFC Asset Management Company Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
HDFC Silver ETF
Growth Option
|
+25.77% | +36.06% | — | +34.08% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · Growth Option
|
+25.51% | +31.04% | — | +30.18% |
|
HDFC Silver ETF Fund of Fund
Direct Plan · Growth Option
|
+25.37% | +35.62% | — | +32.02% |
|
HDFC Defence Fund
Direct Plan · Growth Option
|
+19.94% | +36.01% | — | +38.17% |
|
HDFC Developed World Overseas Equity Passive FOF
Direct plan · Growth
|
+18.91% | +25.41% | +15.25% | +16.26% |
|
HDFC Gold ETF
Growth Option
|
+16.82% | +30.99% | +23.25% | +12.15% |
|
HDFC Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+16.53% | +30.86% | +23.07% | +10.47% |
|
HDFC INNOVATION FUND
Direct Plan · IDCW Option
|
+13.31% | — | — | +14.01% |
|
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Direct Plan · Growth Option
|
+6.94% | — | — | +6.95% |
|
HDFC Arbitrage Fund
Direct Plan · Growth Option
|
+6.62% | +7.25% | +6.74% | +6.44% |
About This Scheme
Investment Objective
To provide long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles.There is no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Equity and equity related instruments of Business cycle based theme companies/entities : 80%- 100% Equity and equity related instruments of companies/entities other than above: 0% - 20% Units issued by InvITs: 0% - 10% Money market instruments, Other liquid instruments and Units of Mutual Fund^^: 0% - 20%Gold and Silver instruments: 0% - 20% ^^Units of Domestic Mutual Funds shall only include Overnight Funds, Liquid Funds and Money Market Mutual Funds. Further other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time. For detailed asset allocation, refer Scheme Information Document (SID) available on the website.
Exit Load
In respect of each purchase/switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if Units are redeemed/ switched-out after 1 year from the date of allotment. In respect of Systematic Transactions such as SIP, Flex SIP, STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Fund Managers
FM 1 -Mr. Amar Kalkundrikar, FM 2 - Mr. Gopal Agrawal, FM 3 - Mr. Bhagyesh Kagalkar
FM 1 - Fund Manager of the scheme, FM 2 - Fund Manager for Overseas Investments, FM 3 - Fund Manager for investments in Gold/Silver instruments
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.