GMP IPO Watch
HSBC Business Cycles Fund
Regular Plan · IDCW · 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 | +3.44% | +3.52% | 172 of 255 |
| 1M | -0.05% | +1.97% | 217 of 255 |
| 3M | -10.85% | -3.45% | 76 of 252 |
| 6M | -7.60% | +2.92% | 131 of 251 |
| YTD | -7.93% | +1.21% | 103 of 255 |
| 1Y | -9.88% | +1.11% | 117 of 232 |
| 2Y | -9.25% | +2.39% | 116 of 187 |
| 3Y | +4.99% | +12.36% | 42 of 142 |
| INCEPTION | +5.60% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +2.55% | +24.68% | -21.30% | 57% | 22% |
| 6M | +5.25% | +35.69% | -22.66% | 64% | 25% |
| 1Y | +10.02% | +45.85% | -17.73% | 49% | 20% |
| 2Y | +6.89% | +26.75% | -11.94% | 64% | 26% |
| 3Y | +8.04% | +12.61% | +3.21% | 100% | 43% |
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
- Equity98.00%
- Debt0.00%
- Cash2.00%
- Other0.00%
Market Cap Split
- Large Cap39.68%
- Mid Cap18.24%
- Small Cap40.20%
- Others1.88%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 29.92 | 28.09 |
| P/B | 4.20 | 4.63 |
| Price / Sales | 3.32 | 3.31 |
| Price / Cash Flow | 21.44 | 21.08 |
| Dividend Yield (%) | 0.58 | 1.16 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| ICICI Bank | Banks | 5.33% | -0.29% |
| MTAR Technologies | Electrical Equipment | 3.90% | +0.53% |
| Interglobe Aviation | Transport Services | 3.38% | +0.61% |
| HDFC Bank | Banks | 2.97% | +0.12% |
| Reliance Industries | Petroleum Products | 2.58% | -0.09% |
| Hindustan Aeronautics | Aerospace & Defense | 2.53% | +0.04% |
| RBL Bank | Banks | 2.43% | +0.23% |
| ICICI Prudential Asset Management | Capital Markets | 2.26% | +0.14% |
| Bharat Electronics | Aerospace & Defense | 2.22% | -0.05% |
| Larsen & Toubro | Construction | 2.12% | -0.07% |
| GE Vernova T&D | Electrical Equipment | 2.10% | -0.03% |
| Treps | Reverse Repo / TREPS | 2.00% | — |
| Kotak Bank | Banks | 1.95% | +0.07% |
| State Bank of India | Banks | 1.86% | -0.11% |
| APL Apollo Tubes | Industrial Products | 1.86% | +0.05% |
View all 72 holdings
| PNB Housing Finance | Finance | 1.85% | +0.03% |
| MCX | Capital Markets | 1.85% | +0.02% |
| Electronics Mart | Retailing | 1.83% | +0.28% |
| UltraTech Cement | Cement & Cement Products | 1.82% | -0.01% |
| Eternal | Retailing | 1.74% | +0.02% |
| TVS Motors | Automobiles | 1.74% | -0.03% |
| Paradeep Phosphates | Fertilizers & Agrochemicals | 1.70% | +0.01% |
| Motilal Oswal Financial Services | Capital Markets | 1.69% | -0.01% |
| Jyoti CNC Automation | Industrial Manufacturing | 1.63% | +0.13% |
| Dhoot Transmission | Auto Components | 1.45% | +0.85% |
| Sterlite Technologies | Telecom - Equipment & Accessories | 1.42% | +0.33% |
| Swiggy | Retailing | 1.35% | -0.11% |
| Piramal Finance | Finance | 1.30% | -0.10% |
| ABB | Electrical Equipment | 1.30% | -0.10% |
| Ahluwalia Contracts | Construction | 1.28% | -0.10% |
| RR Kabel | Industrial Products | 1.28% | -0.15% |
| Time Technoplast | Industrial Products | 1.27% | +0.02% |
| Indo Count Industries | Textiles & Apparels | 1.22% | +0.02% |
| Canara Robeco Asset Management Company | Capital Markets | 1.21% | -0.12% |
| Prudent Corporate Advisory Services | Capital Markets | 1.19% | -0.16% |
| Pine Labs | Financial Technology (Fintech) | 1.19% | +0.10% |
| Gujarat Fluorochemicals | Chemicals & Petrochemicals | 1.18% | -0.03% |
| Meesho | Retailing | 1.16% | — |
| Shadowfax Technologies | Transport Services | 1.15% | +0.13% |
| Nykaa | Retailing | 1.14% | -0.05% |
| Amber Enterprises | Consumer Durables | 1.13% | -0.11% |
| Titan | Consumer Durables | 1.13% | -0.07% |
| Blue Star | Consumer Durables | 1.13% | +0.09% |
| Power Mech Projects | Construction | 1.12% | +0.03% |
| Titagarh Rail Systems | Industrial Manufacturing | 1.12% | +0.05% |
| Groww | Capital Markets | 1.10% | +0.15% |
| Nippon Life India AMC | Capital Markets | 1.09% | -0.05% |
| PB FinTech | Financial Technology (Fintech) | 1.08% | -0.74% |
| Gokaldas Exports | Textiles & Apparels | 1.03% | -0.09% |
| Mold-Tek Packaging | Industrial Products | 1.02% | -0.03% |
| Maruti Suzuki | Automobiles | 1.02% | -0.08% |
| PTC Industries | Industrial Products | 0.94% | — |
| Home First Finance Company | Finance | 0.93% | -0.01% |
| Wakefit Innovations | Consumer Durables | 0.90% | +0.02% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 0.89% | -0.07% |
| Sobha | Realty | 0.85% | +0.01% |
| Lenskart Solutions | Retailing | 0.80% | +0.05% |
| Optiemus Infracom | Telecom - Equipment & Accessories | 0.76% | +0.21% |
| Cholamandalam Investment | Finance | 0.73% | -0.07% |
| Devyani International | Leisure Services | 0.72% | -0.01% |
| Diamond Power Infrastructure | Electrical Equipment | 0.68% | +0.04% |
| Pitti Engineering | Industrial Manufacturing | 0.57% | +0.04% |
| Aditya Infotech | Industrial Manufacturing | 0.55% | — |
| JSW Steel | Ferrous Metals | 0.53% | +0.00% |
| Apar Industries | Electrical Equipment | 0.51% | +0.37% |
| Indian Hume Pipe | Construction | 0.49% | -0.54% |
| HDFC AMC | Capital Markets | 0.48% | -0.05% |
| Amara Raja Energy & Mobility | Auto Components | 0.38% | -0.06% |
| Ganesha Ecosphere | Textiles & Apparels | 0.38% | +0.01% |
| Bharat Bijlee | Electrical Equipment | 0.32% | -0.02% |
| Awfis Space Solutions | Commercial Services & Supplies | 0.31% | -0.01% |
| Net Current Assets (including cash & bank balances) | Equity | -0.12% | — |
Sector Allocation · Sep 2026
View all 26 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 19.93 | 16.32 | High Volatility |
| 3Y | 20.41 | 16.10 | High 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 | -0.78 | -0.32 | Below Average |
| 3Y | 0.04 | -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 | -0.56 | 0.19 | Below Average |
| 3Y | 0.44 | 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 HSBC Asset Management (India) Private Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
HSBC India Export Opportunities Fund
Direct Plan · IDCW
|
+18.74% | — | — | +9.24% |
|
HSBC Global Emerging Markets Fund
Direct Plan · Growth
|
+17.68% | +25.06% | +9.86% | +8.09% |
|
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund
Direct Plan · Growth
|
+17.29% | +24.16% | +13.27% | +10.73% |
|
HSBC Midcap Fund
Direct Plan · Growth
|
+13.77% | +21.86% | — | +22.65% |
|
HSBC Multi Asset Allocation Fund
Direct Plan · Growth
|
+8.06% | — | — | +13.55% |
|
HSBC Equity Savings Fund
Direct Plan · Growth
|
+7.87% | +13.07% | — | +13.02% |
|
HSBC Large & Mid Cap Fund
Direct Plan · Growth
|
+7.72% | +17.66% | +13.72% | +16.80% |
|
HSBC Small Cap Fund
Direct plan · Growth
|
+7.37% | +13.07% | — | +17.41% |
|
HSBC Arbitrage Fund
Direct Plan · Growth
|
+6.52% | +7.15% | — | +7.37% |
|
HSBC Liquid Fund
Regular Plan · Direct
|
+6.45% | +6.90% | +6.44% | +6.82% |
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.