HSBC Business Cycles Fund · Regular · Growth
NAV
₹42.5453
as of 14 Jul 2026
Expense Ratio
2.21%
AUM
₹1,084 Cr
Lumpsum returns (CAGR)
- 1Y
- -2.88%
- 3Y
- +15.47%
- 5Y
- +15.05%
- Since Inception
- +12.94%
SIP returns (XIRR)
- 1Y
- +4.58%
- 3Y
- +8.34%
- 5Y
- +13.80%
- Since Inception
- +13.70%
What history actually did — last 10 years (Jul 2016 – Jul 2026)
A ₹5,000 monthly SIP for the last 10 years (Jul 2016 – Jul 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹12,65,789 today — ₹6,00,000 invested, 14.5% XIRR.
₹6,00,000
Invested
₹12,65,789
Value today
14.5%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 10 years (Jul 2016 – Jul 2026)
Real NAV backtest
₹1,00,000 invested 10 years ago would be ₹3,38,763 today (13.0% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Jul 2016 would still hold ₹21,21,845.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹12,65,789 in this fund vs ₹12,20,085 in the benchmark — outperformance of ₹45,704.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 10 years (Jul 2016 – Jul 2026) (22 Mar 2020) would be ₹4,30,926 today (4.31×).
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, annualised-0.06
Sharpe Ratio
-0.01
Alpha
0.36
Beta
-0.06
Sortino
18.83%
Std Dev
-20.08%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 May 2026- Banks14.37%
- Capital Markets11.55%
- Electrical Equipment8.59%
- Construction7.40%
- Finance6.69%
- Retailing6.17%
- Consumer Durables5.31%
- Industrial Products5.02%
- Aerospace & Defense4.82%
- Petroleum Products2.97%
- Financial Technology (Fintech)2.81%
- Non - Ferrous Metals2.66%
Each sector links to the mutual funds most exposed to it.
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Fund Details
Available transactions
Portfolio holdings
- 1Icici Bank Limited5.22%
- 2Mtar Technologies Limited4.06%
- 3Hdfc Bank Limited3.22%
- 4Multi Commodity Exchange Of India Ltd.3.00%
- 5Reliance Industries Limited2.97%
- 6Ge Vernova T&D India Limited2.66%
- 7Hindalco Industries Limited2.66%
- 8Icici Prudential Amc Ltd2.64%
- 9Bharat Electronics Limited2.42%
- 10Hindustan Aeronautics Limited2.40%
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