HSBC Business Cycles Fund · Regular · Growth
NAV
₹42.7545
as of 30 Sept 2026
Expense Ratio
2.32%
AUM
₹1,134 Cr
Lumpsum returns (CAGR)
- 1Y
- +2.09%
- 3Y
- +14.29%
- 5Y
- +13.62%
- Since Inception
- +12.74%
SIP returns (XIRR)
- 1Y
- +5.00%
- 3Y
- +6.66%
- 5Y
- +12.77%
- Since Inception
- +13.36%
What history actually did — last 10 years (Oct 2016 – Sept 2026)
A ₹5,000 monthly SIP for the last 10 years (Oct 2016 – Sept 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹12,32,905 today — ₹5,95,000 invested, 14.1% XIRR.
₹5,95,000
Invested
₹12,32,905
Value today
14.1%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 10 years (Oct 2016 – Sept 2026)
Real NAV backtest
₹1,00,000 invested 10 years ago would be ₹3,12,899 today (12.1% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Oct 2016 would still hold ₹18,96,084.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹12,32,905 in this fund vs ₹11,23,105 in the benchmark — outperformance of ₹1,09,800.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 10 years (Oct 2016 – Sept 2026) (22 Mar 2020) would be ₹4,33,045 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, annualised0.33
Sharpe Ratio
+0.04
Alpha
0.32
Beta
0.34
Sortino
16.68%
Std Dev
-20.08%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 Aug 2026- 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%
- Industrial Manufacturing3.10%
- Financial Technology (Fintech)2.91%
Each sector links to the mutual funds most exposed to it.
Related reading
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Fund Details
Available transactions
Portfolio holdings
- 1Icici Bank Limited5.62%
- 2Mtar Technologies Limited3.37%
- 3Hdfc Bank Limited2.85%
- 4Interglobe Aviation Limited2.77%
- 5Reliance Industries Limited2.67%
- 6Hindustan Aeronautics Limited2.49%
- 7Bharat Electronics Limited2.27%
- 8Rbl Bank Limited2.20%
- 9Larsen & Toubro Limited2.19%
- 10Ge Vernova T&D India Limited2.13%
What this fund does
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 ₹1,134 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.32%.