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MF Analyser

HSBC Business Cycles Fund

Direct Plan · Growth · Sectoral / Thematic · Scheme code 151142

NAV₹48.2161as on 25 Sep 2026
Fund houseHSBC Mutual Fund
CategorySectoral / Thematic
Plan & optionDirect · Growth
History3.8 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme -0.371.9717.90 1.8815.98— ——17.55
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— 3.4414.6711.99 —14.72—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 16.6% 0.57 0.78 1.17 5.74% -23.4% 82.24
Nifty 500
benchmark		 17.2%0.35 0.47—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 45 months this scheme and its benchmark share.

Growth of ₹100 since launch

8712315919620242026MF Analyser

Drawdown from peak (%)

0%-9%-17%-26%20242026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
138 -8.3% 11.5% 58.7% 17%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
131% 111% 0.91 8.3% 0.80 10.10

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 45 months this scheme and Nifty 500 share.

MF Analyser

HSBC Business Cycles Fund

Direct Plan · Growth

Allocation

By asset

Equity96.28%
Cash & Equivalents3.72%

By market cap

Large Cap40.61%
Mid Cap17.62%
Small Cap37.45%
Unclassified0.60%

Concentration

Number of stocks70
Top 5 stocks17.28%
Top 10 stocks28.56%
Top 20 stocks47.13%
Lines in the filing72
Largest holding5.62%
Largest sectorBanks 14.52%
Effective stocks55.1
Sectors held26
Cash3.72%

Effective stocks is what the concentration works out to: a fund holding 70 names but most of its money in a few behaves like a fund of 55. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 14.5%Capital Markets — 11.0%Electrical Equipment — 8.0%Retailing — 6.7%Construction — 5.7%Industrial Products — 5.5%Consumer Durables — 5.4%Finance — 5.0%Aerospace & Defense — 4.8%Other — 33.5%Banks14.5%Capital Markets11.0%Electrical Equipment8.0%Retailing6.7%Construction5.7%Industrial Products5.5%Consumer Durables5.4%Finance5.0%Aerospace & Defense4.8%Other33.5%
Banks14.52%
Capital Markets10.95%
Electrical Equipment8.02%
Retailing6.67%
Construction5.69%
Industrial Products5.54%
Consumer Durables5.36%
Finance4.96%
Aerospace & Defense4.76%
Transport Services3.79%
Cash & Equivalents3.72%
Industrial Manufacturing3.10%
Financial Technology (Fintech)2.91%
Automobiles2.87%
Textiles & Apparels2.69%
Petroleum Products2.67%
Cement & Cement Products1.83%
Fertilizers & Agrochemicals1.69%
Telecom - Equipment & Accessories1.64%
Chemicals & Petrochemicals1.21%
MF Analyser

HSBC Business Cycles Fund

Direct Plan · Growth · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 ICICI Bank Limited Banks 475,000 69 5.62%
2 Treps Unclassified — 48 3.94%
3 Mtar Technologies Limited Electrical Equipment 58,900 41 3.37%
4 HDFC Bank Limited Banks 493,600 35 2.85%
5 InterGlobe Aviation Limited Transport Services 65,000 34 2.77%
6 Reliance Industries Limited Petroleum Products 256,700 33 2.67%
7 Hindustan Aeronautics Limited Aerospace & Defense 63,800 31 2.49%
8 Bharat Electronics Limited Aerospace & Defense 674,300 28 2.27%
9 RBL Bank Limited Banks 710,100 27 2.20%
10 Larsen & Toubro Limited Construction 66,500 27 2.19%
11 GE Vernova T&D India Limited Electrical Equipment 59,000 26 2.13%
12 ICICI Prudential AMC Ltd Capital Markets 85,100 26 2.12%
13 State Bank of India Banks 228,800 24 1.97%
14 Kotak Mahindra Bank Limited Banks 551,500 23 1.88%
15 Multi Commodity Exchange of India Ltd. Capital Markets 66,000 22 1.83%
16 UltraTech Cement Limited Cement & Cement Products 19,600 22 1.83%
17 PB Fintech Limited Financial Technology (Fintech) 119,150 22 1.82%
18 PNB Housing Finance Limited Finance 194,600 22 1.82%
19 APL Apollo Tubes Limited Industrial Products 100,000 22 1.81%
20 TVS Motor Company Limited Automobiles 50,000 22 1.77%
21 Eternal Limited Retailing 642,600 21 1.72%
22 Motilal Oswal Financial Services Capital Markets 200,000 21 1.70%
23 PARADEEP PHOSPHATES LIMITED Fertilizers & Agrochemicals 1,300,964 21 1.69%
24 ELECTRONICS MART INDIA LIMITED Retailing 1,051,700 19 1.55%
25 Jyoti Cnc Automation Ltd Industrial Manufacturing 185,200 18 1.50%
26 SWIGGY LIMITED Retailing 637,500 18 1.46%
27 R R Kabel Limited Industrial Products 60,000 18 1.43%
28 Piramal Finance Ltd Finance 75,000 17 1.40%
29 ABB India Limited Electrical Equipment 22,600 17 1.40%
30 AHLUWALIA CONTRACTS (INDIA) LTD Construction 274,908 17 1.38%
MF Analyser

HSBC Business Cycles Fund

Direct Plan · Growth · where the money sits

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 27 Sep 2026.