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HSBC Business Cycles Fund Direct Growth
+16.25%
3Y annualised
-1.14% 1D
NAV: 10 Jun '26
₹44.77
Min. for SIP
₹500
Fund size (AUM)
₹1,149.12 Cr
Expense ratio
1.18%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹59,341 | -1.10% | |
| 3 years | ₹1,80,000 | ₹1,99,253 | +10.70% | |
| 5 years | ₹3,00,000 | ₹4,19,618 | +39.87% | |
| 10 years | ₹6,00,000 | ₹13,01,157 | +116.86% |
Holdings (71)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 5.22% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.00% |
| MTAR Technologies Ltd | Industrials | Equity | 3.31% |
| HDFC Bank Ltd | Financial | Equity | 3.31% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 3.26% |
| Bharat Electronics Ltd | Industrials | Equity | 2.53% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 2.44% |
| Hindalco Industries Ltd | Materials | Equity | 2.44% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 2.41% |
| Power Finance Corporation Ltd | Financial | Equity | 2.35% |
| Larsen & Toubro Ltd | Industrials | Equity | 2.32% |
| GE T&D India Ltd | Industrials | Equity | 2.29% |
| Ahluwalia Contracts (India) Ltd | Industrials | Equity | 2.13% |
| State Bank of India | Financial | Equity | 2.13% |
| RBL Bank Ltd | Financial | Equity | 2.08% |
| Ultratech Cement Ltd | Materials | Equity | 1.98% |
| Zomato Ltd | Technology | Equity | 1.92% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 1.84% |
| PNB Housing Finance Ltd | Financial | Equity | 1.77% |
| PB Fintech Ltd | Financial | Equity | 1.73% |
| Interglobe Aviation Ltd | Industrials | Equity | 1.68% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 1.52% |
| Swiggy Ltd. | Technology | Equity | 1.50% |
| Paradeep Phosphates Ltd | Materials | Equity | 1.46% |
| ABB India Ltd | Industrials | Equity | 1.42% |
| Amber Enterprises India Ltd | Consumer Discretionary | Equity | 1.40% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 1.39% |
| Canara Robeco Asset Management Company Ltd. | Financial | Equity | 1.39% |
| Time Technoplast Ltd | Materials | Equity | 1.38% |
| Blue Star Ltd | Industrials | Equity | 1.36% |
| Electronics Mart India Ltd | Consumer Discretionary | Equity | 1.35% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 1.32% |
| DEWAN HOUSING FINANCE CORP. LTD. EQ | Financial | Equity | 1.30% |
| Tata Steel Ltd | Materials | Equity | 1.29% |
| Repo | Unspecified | Repo | 1.27% |
| Power Mech Projects Ltd | Industrials | Equity | 1.15% |
| Prudent Corporate Advisory Services Ltd | Financial | Equity | 1.11% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.11% |
| Titagarh Wagons Ltd | Industrials | Equity | 1.08% |
| Gokaldas Exports Ltd | Consumer Discretionary | Equity | 1.08% |
| Sobha Ltd | Real Estate | Equity | 1.03% |
| Jyoti CNC Automation Ltd. | Industrials | Equity | 1.01% |
| Gujarat Fluorochemicals Ltd | Materials | Equity | 0.99% |
| Indian Hume Pipe Company Ltd | Industrials | Equity | 0.95% |
| Mold-Tek Packaging Ltd | Materials | Equity | 0.90% |
| Tata Motors Ltd | Industrials | Equity | 0.89% |
| Wakefit Innovations Ltd. | Consumer Discretionary | Equity | 0.88% |
| APL Apollo Tubes Ltd | Industrials | Equity | 0.83% |
| Meghmani Finechem Ltd | Materials | Equity | 0.81% |
| Pine Labs Ltd. | Technology | Equity | 0.79% |
| KEC International Ltd | Diversified | Equity | 0.78% |
| Bansal Wire Industries Ltd. | Materials | Equity | 0.77% |
| Indo Count Industries Ltd | Consumer Discretionary | Equity | 0.76% |
| Home First Finance Company India Ltd | Financial | Equity | 0.75% |
| Kajaria Ceramics Ltd | Industrials | Equity | 0.73% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 0.72% |
| Devyani International Ltd | Consumer Discretionary | Equity | 0.70% |
| Shadowfax Technologies Ltd. | Industrials | Equity | 0.70% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 0.69% |
| Lenskart Solutions Ltd. | Consumer Discretionary | Equity | 0.62% |
| Century Textiles & Industries Ltd | Materials | Equity | 0.55% |
| Motherson Sumi Wiring India Ltd | Industrials | Equity | 0.53% |
| Pitti Engineering Ltd | Industrials | Equity | 0.50% |
| Bharat Bijlee Ltd | Industrials | Equity | 0.48% |
| Awfis Space Solutions Ltd. | Industrials | Equity | 0.46% |
| Amara Raja Batteries Ltd | Consumer Discretionary | Equity | 0.46% |
| Net Current Assets | Unspecified | Net Current Assets | 0.41% |
| Ganesha Ecosphere Ltd | Consumer Discretionary | Equity | 0.41% |
| PNC Infratech Ltd | Industrials | Equity | 0.36% |
| PG Electroplast Ltd | Industrials | Equity | 0.31% |
| Hi-Tech Pipes Ltd | Industrials | Equity | 0.21% |
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 | +16.3% | +15.8% | +14.0% | +13.5% |
| Category average (Equity Thematic) | +16.8% | +19.9% | +13.4% | -- |
| Rank (Equity Thematic) | 3 | 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
MCMayank ChaturvediOct 2025 - PresentView details
MC
Mayank Chaturvedi
Oct 2025 - Present
View details
GBGautam BhupalJun 2023 - PresentView details
GB
Gautam Bhupal
Jun 2023 - 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. Mayank Chaturvedi is the Current Fund Manager of HSBC Business Cycles Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,40,598 Cr and the Latest NAV as of 10 Jun 2026 is ₹44.77.
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₹1,40,597.86 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
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,