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HSBC Business Cycles Fund Direct Growth
Equity
Thematic
Very High Risk
+20.95%
3Y annualised
-0.14% 1D
NAV: 16 Jan '26
₹45.46
Min. SIP amount
₹500
Fund size
₹1,137.31 Cr
Expense ratio
1.04%
Return calculator
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|
Holdings (70)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | Services | Equity | 5.93% |
| Reliance Industries Ltd. | Energy | Equity | 5.55% |
| ICICI Bank Ltd. | Financial | Equity | 5.02% |
| HDFC Bank Ltd. | Financial | Equity | 4.30% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 2.46% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.39% |
| Ahluwalia Contracts (India) Ltd. | Construction | Equity | 2.37% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 2.37% |
| Swiggy Ltd. | Services | Equity | 2.17% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.13% |
| Ultratech Cement Ltd. | Construction | Equity | 2.03% |
| State Bank of India | Financial | Equity | 1.98% |
| PB Fintech Ltd. | Services | Equity | 1.91% |
| Paradeep Phosphates Ltd. | Chemicals | Equity | 1.88% |
| Power Finance Corporation Ltd. | Financial | Equity | 1.88% |
| Canara Robeco Asset Management Company Ltd. | Financial | Equity | 1.75% |
| TVS Motor Company Ltd. | Automobile | Equity | 1.64% |
| Power Mech Projects Ltd. | Construction | Equity | 1.63% |
| Hindalco Industries Ltd. | Metals & Mining | Equity | 1.63% |
| GE Vernova T&D India Ltd | Capital Goods | Equity | 1.62% |
| Eternal Ltd. | Services | Equity | 1.57% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 1.52% |
| Motilal Oswal Financial Services Ltd. | Financial | Equity | 1.50% |
| Kirloskar Pneumatic Company Ltd. | Capital Goods | Equity | 1.50% |
| ABB India Ltd. | Capital Goods | Equity | 1.48% |
| Time Technoplast Ltd. | Chemicals | Equity | 1.36% |
| Jyoti CNC Automation Ltd. | Capital Goods | Equity | 1.35% |
| Blue Star Ltd. | Consumer Discretionary | Equity | 1.33% |
| Aditya Birla Real Estate Ltd. | Consumer Staples | Equity | 1.29% |
| PNB Housing Finance Ltd. | Financial | Equity | 1.29% |
| Titagarh Rail Systems Ltd. | Automobile | Equity | 1.26% |
| MTAR Technologies Ltd. | Capital Goods | Equity | 1.25% |
| Indian Hume Pipe Company Ltd. | Construction | Equity | 1.19% |
| Wakefit Innovations Ltd. | Consumer Discretionary | Equity | 1.19% |
| Gokaldas Exports Ltd. | Textiles | Equity | 1.15% |
| Amber Enterprises India Ltd. | Consumer Discretionary | Equity | 1.12% |
| TBO Tek Ltd. | Services | Equity | 1.10% |
| Piramal Finance Ltd. | Financial | Equity | 1.08% |
| Sobha Ltd. | Construction | Equity | 1.05% |
| Titan Company Ltd. | Consumer Discretionary | Equity | 1.03% |
| KEC International Ltd. | Capital Goods | Equity | 1.03% |
| Gujarat Fluorochemicals Ltd. | Chemicals | Equity | 1.02% |
| RBL Bank Ltd. | Financial | Equity | 1.00% |
| Pine Labs Ltd. | Financial | Equity | 0.99% |
| Mold-Tek Packaging Ltd. | Chemicals | Equity | 0.99% |
| Suzlon Energy Ltd. | Capital Goods | Equity | 0.94% |
| Interglobe Aviation Ltd. | Services | Equity | 0.89% |
| EIH Ltd. | Services | Equity | 0.85% |
| Devyani International Ltd. | Services | Equity | 0.84% |
| Epigral Ltd. | Chemicals | Equity | 0.82% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 0.79% |
| Indo Count Industries Ltd. | Textiles | Equity | 0.78% |
| Electronics Mart India Ltd. | Services | Equity | 0.77% |
| Bansal Wire Industries Ltd. | Metals & Mining | Equity | 0.68% |
| Motherson Sumi Wiring India Ltd. | Automobile | Equity | 0.64% |
| Kajaria Ceramics Ltd. | Construction | Equity | 0.60% |
| Bank Of Baroda | Financial | Equity | 0.56% |
| Lenskart Solutions Ltd. | Consumer Discretionary | Equity | 0.55% |
| Birla Corporation Ltd. | Construction | Equity | 0.53% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | Equity | 0.48% |
| Home First Finance Company India Ltd. | Financial | Equity | 0.48% |
| PNC Infratech Ltd. | Construction | Equity | 0.43% |
| Pitti Engineering Ltd. | Capital Goods | Equity | 0.43% |
| Bharat Bijlee Ltd. | Capital Goods | Equity | 0.42% |
| Vikram Solar Ltd. | Energy | Equity | 0.36% |
| Ganesha Ecosphere Ltd. | Textiles | Equity | 0.34% |
| PG Electroplast Ltd. | Capital Goods | Equity | 0.34% |
| Hi-Tech Pipes Ltd. | Metals & Mining | Equity | 0.21% |
| Meesho Ltd. | Services | Equity | 0.21% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | Pref. Shares | 0.02% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +20.9% | +19.9% | +15.2% | +14.2% |
| Category average (Equity Thematic) | +16.8% | +19.9% | +13.4% | -- |
| Rank (Equity Thematic) | 2 | 1 | -- | -- |
Exit load, stamp duty and tax
Exit load
Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
GBGautam BhupalJun 2023 - PresentView details
GB
Gautam Bhupal
Jun 2023 - Present
View details
MCMayank ChaturvediOct 2025 - PresentView details
MC
Mayank Chaturvedi
Oct 2025 - Present
View details
About HSBC Business Cycles Fund Direct Growth
HSBC Business Cycles Fund Direct Growth is a Equity Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 27 May 2002. Gautam Bhupal is the Current Fund Manager of HSBC Business Cycles Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,36,937 Cr and the Latest NAV as of 16 Jan 2026 is ₹45.46.
The HSBC Business Cycles Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
;
Investment Objective
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 benchmarkNIFTY 500 Total Return Index
Fund house
Rank (total assets)#21 in India
Total AUM₹1,36,936.80 Cr
Date of Incorporation27 May 2002
Launch Date27 May 2002
Address9-11th Floor,NESCO - IT Park Bldg. 3,Western Express Highway, Goregaon East, Mumbai 400063
Websitewww.camsonline.com
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