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HSBC Business Cycles Fund Direct Growth
+17.91%
3Y annualised
-0.06% 1D
NAV: 28 Aug '26
₹49.70
Min. for SIP
₹500
Fund size (AUM)
₹1,182.34 Cr
Expense ratio
1.12%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹64,365 | +7.27% | |
| 3 years | ₹1,80,000 | ₹2,11,096 | +17.28% | |
| 5 years | ₹3,00,000 | ₹4,44,634 | +48.21% | |
| 10 years | ₹6,00,000 | ₹13,87,951 | +131.33% |
Holdings (74)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 5.77% |
| HDFC Bank Ltd | Financial | Equity | 3.12% |
| MTAR Technologies Ltd | Industrials | Equity | 2.85% |
| Interglobe Aviation Ltd | Industrials | Equity | 2.84% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.84% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 2.51% |
| Repo | Unspecified | Repo | 2.32% |
| RBL Bank Ltd | Financial | Equity | 2.26% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 2.24% |
| Larsen & Toubro Ltd | Industrials | Equity | 2.22% |
| Bharat Electronics Ltd | Industrials | Equity | 2.21% |
| GE T&D India Ltd | Industrials | Equity | 2.16% |
| State Bank of India | Financial | Equity | 1.99% |
| Ultratech Cement Ltd | Materials | Equity | 1.97% |
| Ahluwalia Contracts (India) Ltd | Industrials | Equity | 1.91% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 1.82% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 1.82% |
| PNB Housing Finance Ltd | Financial | Equity | 1.73% |
| Zomato Ltd | Technology | Equity | 1.64% |
| Paradeep Phosphates Ltd | Materials | Equity | 1.62% |
| PB Fintech Ltd | Financial | Equity | 1.61% |
| Electronics Mart India Ltd | Consumer Discretionary | Equity | 1.60% |
| Swiggy Ltd. | Technology | Equity | 1.54% |
| APL Apollo Tubes Ltd | Industrials | Equity | 1.54% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 1.50% |
| Time Technoplast Ltd | Materials | Equity | 1.45% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 1.44% |
| Canara Robeco Asset Management Company Ltd. | Financial | Equity | 1.40% |
| Hindalco Industries Ltd | Materials | Equity | 1.40% |
| ABB India Ltd | Industrials | Equity | 1.39% |
| R R Kabel Ltd. | Industrials | Equity | 1.32% |
| DEWAN HOUSING FINANCE CORP. LTD. EQ | Financial | Equity | 1.30% |
| Jyoti CNC Automation Ltd. | Industrials | Equity | 1.27% |
| Amber Enterprises India Ltd | Consumer Discretionary | Equity | 1.26% |
| Blue Star Ltd | Industrials | Equity | 1.25% |
| Prudent Corporate Advisory Services Ltd | Financial | Equity | 1.25% |
| Gokaldas Exports Ltd | Consumer Discretionary | Equity | 1.22% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 1.20% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.20% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 1.18% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 1.18% |
| Gujarat Fluorochemicals Ltd | Materials | Equity | 1.17% |
| Power Mech Projects Ltd | Industrials | Equity | 1.15% |
| Titagarh Wagons Ltd | Industrials | Equity | 1.12% |
| Indian Hume Pipe Company Ltd | Industrials | Equity | 1.10% |
| Indo Count Industries Ltd | Consumer Discretionary | Equity | 1.06% |
| Mold-Tek Packaging Ltd | Materials | Equity | 1.04% |
| Billionbrains Garage Ventures Ltd. | Financial | Equity | 1.00% |
| Home First Finance Company India Ltd | Financial | Equity | 1.00% |
| Shadowfax Technologies Ltd. | Industrials | Equity | 0.99% |
| Pine Labs Ltd. | Technology | Equity | 0.96% |
| Sobha Ltd | Real Estate | Equity | 0.95% |
| Tata Motors Ltd | Industrials | Equity | 0.92% |
| Sterlite Technologies Ltd | Technology | Equity | 0.86% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 0.83% |
| Wakefit Innovations Ltd. | Consumer Discretionary | Equity | 0.78% |
| Meghmani Finechem Ltd | Materials | Equity | 0.70% |
| Kajaria Ceramics Ltd | Industrials | Equity | 0.68% |
| Lenskart Solutions Ltd. | Consumer Discretionary | Equity | 0.66% |
| Devyani International Ltd | Consumer Discretionary | Equity | 0.63% |
| KEC International Ltd | Diversified | Equity | 0.63% |
| Optiemus Infracom Ltd | Technology | Equity | 0.63% |
| Diamond Power Infrastructure Ltd | Industrials | Equity | 0.62% |
| HDFC Asset Management Company Ltd | Financial | Equity | 0.55% |
| JSW Steel Ltd | Materials | Equity | 0.54% |
| Pitti Engineering Ltd | Industrials | Equity | 0.46% |
| Amara Raja Batteries Ltd | Consumer Discretionary | Equity | 0.46% |
| Ganesha Ecosphere Ltd | Consumer Discretionary | Equity | 0.45% |
| PNC Infratech Ltd | Industrials | Equity | 0.41% |
| Bharat Bijlee Ltd | Industrials | Equity | 0.38% |
| PG Electroplast Ltd | Industrials | Equity | 0.35% |
| Awfis Space Solutions Ltd. | Industrials | Equity | 0.35% |
| Bansal Wire Industries Ltd. | Materials | Equity | 0.32% |
| Net Payables | Unspecified | Net Payables | -0.09% |
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 | +17.9% | +17.0% | +14.2% | +14.3% |
| Category average (Equity Thematic) | +16.8% | +19.9% | +13.4% | -- |
| Rank (Equity Thematic) | 1 | 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 ₹1,51,232 Cr and the Latest NAV as of 28 Aug 2026 is ₹49.70.
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₹1,51,231.52 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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