HSBC Business Cycles Fund - Regular Growth
₹41.3421
₹0.69 (-1.64%)
NAV as of 29 May 2026
Today's NAV — all variants
Regular · Growth
₹₹41.3421
₹0.69 (-1.64%)
29 May 2026
AMFI: 151144
Direct · Growth
₹₹45.9668
₹0.76 (-1.63%)
29 May 2026
AMFI: 151142
Regular · IDCW
₹₹23.9599
₹0.40 (-1.64%)
29 May 2026
AMFI: 151143
Direct · IDCW
₹₹26.4946
₹0.44 (-1.63%)
29 May 2026
AMFI: 151145
Returns (Lumpsum)
CAGR for periods ≥ 1 yearSIP Returns (XIRR)
₹1,000/month SIP, annualisedSIP since inception — what ₹500/month became
Real NAV backtest from day one
₹70,500
Invested
₹1,63,318
Value today
13.5%
XIRR (p.a.)
₹500/month SIP from fund inception · Current value as of today
Try SIP Calculator with this fund's history₹5,000 lumpsum at launch — value today
Invested on the fund's first NAV date
₹5,000
Invested
₹20,671
Value today
12.8%
CAGR (p.a.)
One-time investment at fund inception · Growth purely from NAV appreciation
Try Lumpsum Calculator₹10L corpus with ₹5,000/month withdrawals since inception
Corpus is still growing despite monthly payouts
₹10,00,000
Initial corpus
₹7,05,000
Withdrawn
₹25,01,034
Corpus left
+₹22,06,034 net gain — withdrew ₹7,05,000 AND corpus grew
Plan your SWP with real NAV₹6L corpus via 12-month STP from a liquid fund at inception
₹50K/month transferred from HDFC Liquid → this fund at launch
₹6,00,000
Invested
₹21,62,579
Value today
-12.8%
vs lumpsum
Direct lumpsum would have beaten STP by 12.8% — but STP reduced timing risk
Model your own STP with real NAVBeat the benchmark — ₹500/month SIP
Same SIP in this fund vs the benchmark index
This fund
₹1,63,318
Benchmark
₹1,61,703
+₹1,615 extra wealth vs the benchmark index
Backtest this SIP yourself₹1 lakh on the worst crash day — 22 Mar 2020
Worst single-day Nifty drop during this fund's life
₹1,00,000
Invested
₹4,18,739
Value today
4.2×
Multiple
Staying invested through that crash turned ₹1L into ₹4,18,739 — a 4.2× return
Read: Staying invested through crashesDirect vs Regular — ₹500/month over 10 years
Expense ratio drag on your actual returns
Direct plan
₹1,35,961
Regular plan
₹1,27,654
Direct earns ₹8,307 more on a ₹60K investment — 1.38% extra return per year
Same fund, same NAV history — only the expense ratio differs. Direct plans always outperform Regular over time.
Learn about Direct vs Regular plansFund Details
Risk Metrics
Trailing 1 year, annualised-0.41
Sharpe Ratio
-0.05
Alpha
0.59
Beta
-0.40
Sortino
19.05%
Std Dev
-23.60%
Max Drawdown
Portfolio Holdings
Top 50 holdings · as of Apr 2026
| Security | % NAV |
|---|---|
ICICI Bank Limited INE090A01021 | 5.22% |
Reliance Industries Limited INE002A01018 | 5.00% |
HDFC Bank Limited INE040A01034 | 3.31% |
Mtar Technologies Limited INE864I01014 | 3.31% |
Multi Commodity Exchange of India Ltd. INE745G01043 | 3.26% |
Bharat Electronics Limited INE263A01024 | 2.53% |
ICICI Prudential AMC Ltd INE346A01027 | 2.44% |
Hindalco Industries Limited INE038A01020 | 2.44% |
Hindustan Aeronautics Limited INE066F01020 | 2.41% |
Power Finance Corporation Limited INE134E01011 | 2.35% |
Larsen & Toubro Limited INE018A01030 | 2.32% |
GE Vernova T&D India Limited INE200A01026 | 2.29% |
AHLUWALIA CONTRACTS (INDIA) LTD INE758C01029 | 2.13% |
State Bank of India INE062A01020 | 2.13% |
RBL Bank Limited INE976G01028 | 2.08% |
UltraTech Cement Limited INE481G01011 | 1.98% |
Eternal Limited INE758T01015 | 1.92% |
Kotak Mahindra Bank Limited INE237A01036 | 1.84% |
PNB Housing Finance Limited INE572E01012 | 1.77% |
PB Fintech Limited INE417T01026 | 1.73% |
InterGlobe Aviation Limited INE646L01027 | 1.68% |
TVS Motor Company Limited INE494B01023 | 1.52% |
SWIGGY LIMITED INE00H001014 | 1.50% |
PARADEEP PHOSPHATES LIMITED INE088F01024 | 1.46% |
ABB India Limited INE117A01022 | 1.42% |
Amber Enterprises India Limited INE371P01015 | 1.40% |
Canara Robeco Mutual Fund INE218I01013 | 1.39% |
Motilal Oswal Financial Services INE338I01027 | 1.39% |
Time Technoplast Limited INE508G01029 | 1.38% |
BLUE STAR LTD INE472A01039 | 1.36% |
ELECTRONICS MART INDIA LIMITED INE02YR01019 | 1.35% |
Nippon Life India Asset Management Ltd INE298J01013 | 1.32% |
Piramal Finance Ltd INE202B01038 | 1.30% |
Tata Steel Limited INE081A01020 | 1.29% |
POWER MECH PROJECTS LIMITED INE211R01019 | 1.15% |
Prudent Corporate Advisory Services Ltd INE00F201020 | 1.11% |
Titan Company Limited INE280A01028 | 1.11% |
Gokaldas Exports Limited INE887G01027 | 1.08% |
TITAGARH RAIL SYSTEMS LIMITED INE615H01020 | 1.08% |
Sobha Limited INE671H01015 | 1.03% |
Jyoti Cnc Automation Ltd INE980O01024 | 1.01% |
Gujarat Fluorochemicals Limited INE09N301011 | 0.99% |
INDIAN HUME PIPE COMPANY LIMITED INE323C01030 | 0.95% |
MOLD-TEK PAKAGING LIMITED INE893J01029 | 0.90% |
Tata Motors Commercial Vehicles Limited INE1TAE01010 | 0.89% |
Wakefit Innovations Limited INE0E7301029 | 0.88% |
APL Apollo Tubes Limited INE702C01027 | 0.83% |
Epigral Limited INE071N01016 | 0.81% |
Pine Labs Limited INE15B701018 | 0.79% |
KEC International Limited INE389H01022 | 0.78% |
Performance Comparison
Interested in This Fund?
Our experts will help you decide if this fund fits your goals.
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 11 years. It manages assets worth ₹1,084 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