HDFC Business Cycle Fund · Regular · Growth
HDFC Mutual Fund · Managed by Rahul Baijal
NAV
₹15.5660
as of 13 Nov 2026
Expense Ratio
2.12%
AUM
₹2,744 Cr
Lumpsum returns (CAGR)
- 1Y
- +4.43%
- 3Y
- +11.03%
- 5Y
- —
- Since Inception
- +11.84%
SIP returns (XIRR)
- 1Y
- +14.33%
- 3Y
- +7.28%
- 5Y
- —
- Since Inception
- +9.66%
What history actually did — last 3 years (Nov 2023 – Nov 2026)
A ₹5,000 monthly SIP for the last 3 years (Nov 2023 – Nov 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹1,98,530 today — ₹1,80,000 invested, 6.8% XIRR.
₹1,80,000
Invested
₹1,98,530
Value today
6.8%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 3 years (Nov 2023 – Nov 2026)
Real NAV backtest
₹1,00,000 invested 3 years ago would be ₹1,36,856 today (11.0% CAGR).
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹1,98,530 in this fund vs ₹1,95,242 in the benchmark — outperformance of ₹3,288.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 3 years (Nov 2023 – Nov 2026) (4 Jun 2024) would be ₹1,21,543 today (1.22×).
Historical simulation using actual published NAVs for the stated period. Past performance may or may not be sustained in the future. Not investment advice.
Risk Metrics
Trailing 1 year, annualised0.08
Sharpe Ratio
+0.03
Alpha
0.96
Beta
0.08
Sortino
13.75%
Std Dev
-17.30%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 30 Sept 2026- Banks16.46%
- Finance8.43%
- Retailing7.70%
- Pharmaceuticals & Biotechnology7.38%
- Telecom - Services5.69%
- Power4.80%
- Consumer Durables4.67%
- Textiles & Apparels3.28%
- Industrial Products3.19%
- Leisure Services3.13%
- Chemicals & Petrochemicals2.95%
- Healthcare Services2.87%
Each sector links to the mutual funds most exposed to it.
Related reading
Thinking about HDFC Business Cycle Fund · Regular · Growth?
Talk to our AMFI-registered team — free, no pressure. We'll help you see if this fund fits your goals.
Fund Details
Available transactions
Portfolio holdings
- 1Bharti Airtel Ltd.5.69%
- 2Kotak Mahindra Bank Limited5.31%
- 3Icici Bank Ltd.5.21%
- 4Titan Company Ltd.4.46%
- 5Anthem Biosciences Limited3.78%
- 6Pearl Global Industries Limited3.28%
- 7Hdfc Bank Ltd.£3.24%
- 8Eternal Limited2.86%
- 9Vishal Mega Mart Limited2.52%
- 10Clean Max Enviro Energy Solutions Limited2.38%
What this fund does
HDFC Business Cycle Fund · Regular · Growth invests in stocks from a specific sector or theme, offering concentrated exposure to a particular area of the economy. These funds carry sector-specific risks but can deliver significant returns when the underlying sector performs well.
About This Fund
HDFC Business Cycle Fund · Regular · Growth is a Sectoral / Thematic mutual fund offered by HDFC Mutual Fund. The fund has been operational for over 4 years. It manages assets worth ₹2,744 Cr, reflecting investor confidence in the fund's strategy. The fund is managed by Rahul Baijal. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.12%.