GMP IPO Watch
HSBC Business Cycles Fund
Direct Plan · Growth · HSBC 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 | -2.21% | -2.89% | 57 of 255 |
| 1M | -4.08% | -5.15% | 68 of 253 |
| 3M | -1.49% | -2.30% | 89 of 251 |
| 6M | +15.54% | +10.83% | 66 of 251 |
| YTD | +1.57% | -0.53% | 90 of 255 |
| 1Y | +1.24% | +2.14% | 104 of 228 |
| 2Y | -1.58% | -1.54% | 81 of 183 |
| 3Y | +15.13% | +11.30% | 40 of 140 |
| INCEPTION | +16.32% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +5.03% | +25.02% | -21.08% | 72% | 29% |
| 6M | +10.18% | +36.42% | -19.40% | 73% | 31% |
| 1Y | +21.09% | +59.38% | -8.28% | 82% | 37% |
| 2Y | +18.16% | +37.94% | -1.58% | 98% | 44% |
| 3Y | +18.70% | +23.09% | +14.98% | 100% | 47% |
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 · Aug 2026
Asset Allocation
- Equity96.06%
- Debt0.00%
- Cash3.94%
- Other0.00%
Market Cap Split
- Large Cap40.61%
- Mid Cap17.62%
- Small Cap37.45%
- Others4.32%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 30.15 | 29.02 |
| P/B | 4.12 | 4.72 |
| Price / Sales | 3.24 | 3.42 |
| Price / Cash Flow | 21.74 | 21.70 |
| Dividend Yield (%) | 0.58 | 1.17 |
Holdings · Aug 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| ICICI Bank | Banks | 5.62% | -0.15% |
| Treps | Reverse Repo / TREPS | 3.94% | — |
| MTAR Technologies | Electrical Equipment | 3.37% | +0.52% |
| HDFC Bank | Banks | 2.85% | -0.27% |
| Interglobe Aviation | Transport Services | 2.77% | -0.07% |
| Reliance Industries | Petroleum Products | 2.67% | -0.17% |
| Hindustan Aeronautics | Aerospace & Defense | 2.49% | -0.02% |
| Bharat Electronics | Aerospace & Defense | 2.27% | +0.06% |
| RBL Bank | Banks | 2.20% | -0.06% |
| Larsen & Toubro | Construction | 2.19% | -0.03% |
| GE Vernova T&D | Electrical Equipment | 2.13% | -0.03% |
| ICICI Prudential Asset Management | Capital Markets | 2.12% | -0.12% |
| State Bank of India | Banks | 1.97% | -0.02% |
| Kotak Bank | Banks | 1.88% | +0.06% |
| UltraTech Cement | Cement & Cement Products | 1.83% | -0.14% |
View all 72 holdings
| MCX | Capital Markets | 1.83% | +0.33% |
| PNB Housing Finance | Finance | 1.82% | +0.09% |
| PB FinTech | Financial Technology (Fintech) | 1.82% | +0.21% |
| APL Apollo Tubes | Industrial Products | 1.81% | +0.27% |
| TVS Motors | Automobiles | 1.77% | -0.05% |
| Eternal | Retailing | 1.72% | +0.08% |
| Motilal Oswal Financial Services | Capital Markets | 1.70% | +0.26% |
| Paradeep Phosphates | Fertilizers & Agrochemicals | 1.69% | +0.07% |
| Electronics Mart | Retailing | 1.55% | -0.05% |
| Jyoti CNC Automation | Industrial Manufacturing | 1.50% | +0.23% |
| Swiggy | Retailing | 1.46% | -0.08% |
| RR Kabel | Industrial Products | 1.43% | +0.11% |
| ABB | Electrical Equipment | 1.40% | +0.01% |
| Piramal Finance | Finance | 1.40% | +0.10% |
| Ahluwalia Contracts | Construction | 1.38% | -0.53% |
| Prudent Corporate Advisory Services | Capital Markets | 1.35% | +0.10% |
| Canara Robeco Asset Management Company | Capital Markets | 1.33% | -0.07% |
| Time Technoplast | Industrial Products | 1.25% | -0.20% |
| Amber Enterprises | Consumer Durables | 1.24% | -0.02% |
| Gujarat Fluorochemicals | Chemicals & Petrochemicals | 1.21% | +0.04% |
| Titan | Consumer Durables | 1.20% | +0.00% |
| Indo Count Industries | Textiles & Apparels | 1.20% | +0.14% |
| Nykaa | Retailing | 1.19% | +0.01% |
| Nippon Life India AMC | Capital Markets | 1.14% | -0.04% |
| Gokaldas Exports | Textiles & Apparels | 1.12% | -0.10% |
| Maruti Suzuki | Automobiles | 1.10% | -0.10% |
| Power Mech Projects | Construction | 1.09% | -0.06% |
| Sterlite Technologies | Telecom - Equipment & Accessories | 1.09% | +0.23% |
| Pine Labs | Financial Technology (Fintech) | 1.09% | +0.13% |
| Titagarh Rail Systems | Industrial Manufacturing | 1.07% | -0.05% |
| Mold-Tek Packaging | Industrial Products | 1.05% | +0.01% |
| Blue Star | Consumer Durables | 1.04% | -0.21% |
| Indian Hume Pipe | Construction | 1.03% | -0.07% |
| Shadowfax Technologies | Transport Services | 1.02% | +0.03% |
| Hindalco Industries | Non - Ferrous Metals | 0.99% | -0.41% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 0.96% | +0.04% |
| Groww | Capital Markets | 0.95% | -0.05% |
| Home First Finance Company | Finance | 0.94% | -0.06% |
| Wakefit Innovations | Consumer Durables | 0.88% | +0.10% |
| Sobha | Realty | 0.84% | -0.11% |
| Cholamandalam Investment | Finance | 0.80% | -0.03% |
| Lenskart Solutions | Retailing | 0.75% | +0.09% |
| Devyani International | Leisure Services | 0.73% | +0.10% |
| Kajaria Ceramics | Consumer Durables | 0.68% | +0.00% |
| Diamond Power Infrastructure | Electrical Equipment | 0.64% | +0.02% |
| Dhoot Transmission | Auto Components | 0.60% | — |
| Optiemus Infracom | Telecom - Equipment & Accessories | 0.55% | -0.08% |
| Pitti Engineering | Industrial Manufacturing | 0.53% | +0.07% |
| HDFC AMC | Capital Markets | 0.53% | -0.02% |
| JSW Steel | Ferrous Metals | 0.53% | -0.01% |
| Amara Raja Energy & Mobility | Auto Components | 0.44% | -0.02% |
| Ganesha Ecosphere | Textiles & Apparels | 0.37% | -0.08% |
| Bharat Bijlee | Electrical Equipment | 0.34% | -0.04% |
| PG Electroplast | Consumer Durables | 0.32% | -0.03% |
| Awfis Space Solutions | Commercial Services & Supplies | 0.32% | -0.03% |
| Apar Industries | Electrical Equipment | 0.14% | — |
| Net Current Assets (including cash & bank balances) | Equity | -0.22% | — |
Sector Allocation · Aug 2026
View all 27 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 22.73 | — | High Volatility |
| 3Y | 20.59 | — | High Volatility |
| 5Y | 18.13 | — | High Volatility |
What is this?
Risk as measured by standard deviation is a statistical measure that quantifies the amount of variation or dispersion in a set of data points relative to its mean (average).
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.01 | — | Good Risk Adjusted Returns |
| 3Y | 0.51 | — | Good Risk Adjusted Returns |
| 5Y | 0.53 | — | Good Risk Adjusted Returns |
What is this?
Higher the value means that fund has been able to give better returns for the amount of risk taken. It helps investors understand the return of an investment compared to its risk, showing whether the returns are due to intelligent investing or simply taking on excess risk. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns.
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.02 | — | Good Risk Adjusted Returns |
| 3Y | 0.82 | — | Good Risk Adjusted Returns |
| 5Y | 0.88 | — | Good Risk Adjusted Returns |
What is this?
The Sortino Ratio is a financial metric used to measure the risk-adjusted return of an investment. It's a modification of the Sharpe Ratio but with a key difference; it only considers downside risk (the risk of negative returns), rather than total volatility. This means it focuses on how well an investment performs relative to the volatility that leads to losses, ignoring the volatility that results in gains. The idea is that investors are primarily concerned with minimizing losses, and positive volatility is generally seen as a good thing.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+118.71% | +60.45% | — | +31.02% |
|
Franklin Asian Equity Fund
Regular Plan · IDCW
|
+32.23% | +21.68% | +6.16% | +4.35% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+29.12% | +21.80% | +10.22% | +9.10% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+26.77% | — | — | +20.37% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+26.63% | — | — | +30.26% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+25.69% | — | — | +11.98% |
|
Motilal Oswal Active Momentum Fund
Direct Plan · Growth
|
+25.30% | — | — | +26.60% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+21.46% | +34.62% | — | +37.81% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+20.27% | +21.71% | +15.34% | +21.80% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+20.06% | — | — | +10.27% |
More From HSBC Asset Management (India) Private Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
HSBC Global Emerging Markets Fund
Direct Plan · Growth
|
+40.34% | +29.43% | +12.63% | +9.10% |
|
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund
Direct Plan · Growth
|
+31.86% | +27.86% | +15.12% | +11.59% |
|
HSBC Brazil Fund
Direct Plan · IDCW
|
+27.73% | +15.84% | +10.47% | +1.05% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+20.01% | — | — | +8.23% |
|
HSBC Midcap Fund
Direct Plan · Growth
|
+15.94% | +21.81% | — | +22.98% |
|
HSBC Small Cap Fund
Direct plan · Growth
|
+12.42% | +13.76% | — | +18.55% |
|
HSBC Multi Asset Active FOF (erstwhile HSBC Managed Solutions India - Moderate Fund)
Direct Plan · Growth
|
+9.75% | +14.38% | +11.56% | +12.53% |
|
HSBC Infrastructure Fund
Direct Plan · Growth
|
+7.74% | +14.73% | — | +20.07% |
|
HSBC Multi Asset Allocation Fund
Direct Plan · Growth
|
+7.63% | — | — | +13.35% |
|
HSBC Large & Mid Cap Fund
Direct Plan · Growth
|
+7.30% | +16.20% | +13.72% | +16.66% |
About This Scheme
Investment 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 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.
Stated Asset Allocation
Equity and Equity related securities: 80%-100% Money market instruments and other liquid instruments :0% to 20% Units issued by InvITs:0% to 10% Units of Gold and Silver ETFs : 0% to 20%
Exit Load
If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
Fund Managers
Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh
FM 1 - Primary FM 2 - Primary -Foreign securities, FM 3 - For Investment in Gold / Silver ETFs
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.