HSBC Business Cycles Fund Direct Growth
NAV as on 11-04-2025
₹ 41.41
▲2.7%
1D
Inception Returns
14.3%
/yr
Historical NAV & Returns
About HSBC Business Cycles Fund Direct Growth
HSBC Business Cycles Fund Direct Growth is an equity fund. This fund was started on 20 August, 2014. The fund is managed by Venugopal Manghat, Sonal Gupta. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Business Cycles Fund Direct Growth has ₹855 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.2.
Returns
HSBC Business Cycles Fund Direct Growth has given a CAGR return of 14.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.87%, 18.77% and 29.03% respectively.
Holdings
HSBC Business Cycles Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Energy, Tech, Real Estate. Its top holdings are ICICI Bank Ltd, Reliance Industries Ltd, Trent Ltd, Multi Commodity Exchange of India Ltd, HDFC Bank Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of HSBC Business Cycles Fund Direct Growth
The investment objective of the Scheme is to seek to generate long-term capital appreciation from a portfolio of predominantly 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. The Scheme could also additionally invest in Foreign Securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Business Cycles Fund Direct Growth has no lock in period.
HSBC Business Cycles Fund Direct Growth Overview
| Expense ratio | 1.19% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹855 Cr |
| Inception Date | 20 August, 2014 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 26.39% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for HSBC Business Cycles Fund Direct Growth
Trailing Returns
as on (11-Apr-25)
Fund Distribution
as on (31-Mar-25)
- This fund’s returns stands at 12.07% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 4.82% in Mar'25
- AUM of the fund stands at 854.9 Cr as of Feb'25
- AUM decreased by 180.6 Cr between Feb'25 and Jan'25
Top 3 Sectors in February were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 5.92% | 0% | |
 Reliance Industries Ltd | 5.29% | 9.9% | |
 Trent Ltd | 5.27% | 0% | |
 Multi Commodity Exchange of India Ltd | 5.18% | 0% | |
 HDFC Bank Ltd | 4.66% | 27.7% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
HSBC Business Cycles Fund Direct Growth | 5.87% | 18.77% | 29.03% | 14.28% |
 Franklin India Opportunities Fund - Direct - Growth | 9.03% | 26.22% | 33.08% | 17.65% |
 ICICI Prudential India Opportunities Fund Direct Growth | 7.34% | 21.73% | 34.63% | 22.13% |
ICICI Prudential Business Cycle Fund Direct Growth | 4.37% | 19.4% | - | 21.67% |
Top Growth Drivers | 1M Return |
|---|---|
 Power Mech Projects Ltd | 28% |
 Multi Commodity Exchange of India Ltd | 14% |
 ICICI Bank Ltd | 5.4% |
Mutual Fund Insights
HSBC Business Cycles Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹855 Cr
Expense Ratio 1.19%
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▲ 32.41
5Y CAGR
▲ 30.72
5Y CAGR
▲ 27.09
5Y CAGR
▲ 35.87
5Y CAGR
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Frequently Asked Questions for HSBC Business Cycles Fund Direct Growth
HSBC Business Cycles Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.45% | 5.45% |
6 Month Returns | -14.49% | -14.49% |
1 Year Returns | 5.87% | 5.87% |
3 Years Returns | 67.54% | 18.77% |
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Business Cycles Fund Direct Growth | 3.89 | 4.54 | 0.41 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Business Cycles Fund Direct Growth | 1.21 | 1.06 | 1.1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC Business Cycles Fund Direct Growth | 0.41 | 0.8 | 1.31 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC Business Cycles Fund Direct Growth | 23.65 | 17.96 | 17.73 |