May 20, 2025
mayank
HSBC Business Cycles Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 46.3187
NAV IDCW: Rs 28.9935
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
1. They have a narrow investment focus
2. Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
• Invest only through SIP
• Have a 7+ year investment horizon
• Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate long term capital appreciation from a portfolio of equity and equity related securities including equity derivatives in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Fund Manager:
1) Gautam Bhupal
Education: Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
Experience: Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
2) Venugopal Manghat
Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund, Tata Asset Management Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of HSBC Business Cycles Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 20-Aug-14 |
| Return Since Launch | 15.32% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 998 Cr |
| (As on 30-Apr-2025) | |
| Expense | 1.11% |
| (As on 30-Apr-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 17.00% |
Trailing Returns (%) of HSBC Business Cycles Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Business Cycles Dir | -1.87 | 0.32 | 6.81 | 15.68 | 2.45 | 10.83 | 28.38 | 32.83 | 15.46 | 14.30 |
| BSE 500 TRI | 2.43 | -0.01 | 5.47 | 10.36 | 4.04 | 8.83 | 19.97 | 26.99 | 15.14 | 14.04 |
Peer Comparison of HSBC Business Cycles Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HSBC Business Cycles Dir | Unrated | 10.83 | 28.38 | 32.83 | 1.11 | 998 | 15.32 | 1.00 (365) | 10Y 9M | 17.00 |
| ICICI Pru India Opportunities Dir | Unrated | 15.98 | 28.76 | 36.67 | 0.64 | 27,197 | 23.56 | 1.00 (365) | 6Y 4M | 69.00 |
| ICICI Pru Business Cycle Dir | Unrated | 11.75 | 26.91 | — | 0.74 | 12,375 | 23.72 | 1.00 (30) | 4Y 4M | 25.00 |
| HDFC Manufacturing Dir | Unrated | 3.82 | — | — | 0.51 | 11,717 | 5.61 | 1.00 (30) | 1Y | — |
| SBI Innovative Opportunities Dir | Unrated | — | — | — | 0.62 | 6,982 | -6.45 | 1.00 (365) | 9M | 46.00 |
Portfolio Analysis of HSBC Business Cycles Fund
| No. of Stocks | 63 |
| Top 10 Stocks | 38.77% |
| Top 5 Stocks | 26.72% |
| Top 3 Sectors | 56.73% |
| Portfolio P/B Ratio | 3.67 |
| Portfolio P/E Ratio | 25.44 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 75,071 | 1,25,351 |
| Giant (%) | 38.82 | 41.73 |
| Large (%) | 13.38 | 22.85 |
| Mid (%) | 25.52 | 28.59 |
| Small (%) | 22.28 | 11.42 |
| Tiny (%) | — | 0.72 |
Chanakya’s Mutual Fund Guidance For HSBC Business Cycles Fund
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