HSBC Business Cycles Fund · Regular · Growth
NAV
₹42.7181
as of 31 Jul 2026
Expense Ratio
2.21%
AUM
₹1,090 Cr
Lumpsum returns (CAGR)
- 1Y
- -0.66%
- 3Y
- +14.35%
- 5Y
- +14.96%
- Since Inception
- +12.93%
SIP returns (XIRR)
- 1Y
- +4.93%
- 3Y
- +8.36%
- 5Y
- +13.73%
- Since Inception
- +13.67%
What history actually did — last 10 years (Aug 2016 – Jul 2026)
A ₹5,000 monthly SIP for the last 10 years (Aug 2016 – Jul 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹12,54,107 today — ₹5,95,000 invested, 14.5% XIRR.
₹5,95,000
Invested
₹12,54,107
Value today
14.5%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 10 years (Aug 2016 – Jul 2026)
Real NAV backtest
₹1,00,000 invested 10 years ago would be ₹3,31,225 today (12.7% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Aug 2016 would still hold ₹20,58,144.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹12,54,107 in this fund vs ₹12,17,407 in the benchmark — outperformance of ₹36,700.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 10 years (Aug 2016 – Jul 2026) (22 Mar 2020) would be ₹4,32,676 today (4.33×).
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, annualised0.07
Sharpe Ratio
+0.02
Alpha
0.36
Beta
0.07
Sortino
18.11%
Std Dev
-20.08%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 30 Jun 2026- Banks14.89%
- Capital Markets10.04%
- Electrical Equipment8.04%
- Construction7.57%
- Finance6.76%
- Retailing5.92%
- Industrial Products5.53%
- Consumer Durables5.35%
- Aerospace & Defense4.71%
- Transport Services3.43%
- Industrial Manufacturing2.90%
- Petroleum Products2.81%
Each sector links to the mutual funds most exposed to it.
Thinking about HSBC Business Cycles 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
portfolio shared with HSBC Business Cycles Fund - Direct IDCW
- 1Icici Bank Limited5.52%
- 2Mtar Technologies Limited3.80%
- 3Hdfc Bank Limited3.33%
- 4Reliance Industries Limited2.81%
- 5Interglobe Aviation Limited2.50%
- 6Ge Vernova T&D India Limited2.47%
- 7Icici Prudential Amc Ltd2.39%
- 8Hindustan Aeronautics Limited2.36%
- 9Bharat Electronics Limited2.35%
- 10Larsen & Toubro Limited2.33%
Investment Objective
HSBC Business Cycles 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
HSBC Business Cycles Fund · Regular · Growth is a Sectoral / Thematic mutual fund offered by HSBC Mutual Fund. The fund has been operational for over 12 years. It manages assets worth ₹1,090 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.21%.
Who Should Invest?
- •Investors with a high risk appetite seeking long-term wealth creation
- •Investors with an investment horizon of 5 years or more
- •SIP investors who can benefit from rupee cost averaging during market fluctuations