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HSBC Business Cycles Fund Direct Growth
+15.96%
3Y annualised
+1.43% 1D
NAV: 18 Sep '26
₹48.87
Min. for SIP
₹500
Fund size (AUM)
₹1,229.28 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 | ₹63,354 | +5.59% | |
| 3 years | ₹1,80,000 | ₹2,05,377 | +14.10% | |
| 5 years | ₹3,00,000 | ₹4,33,586 | +44.53% | |
| 10 years | ₹6,00,000 | ₹13,57,195 | +126.20% |
Holdings (72)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 5.62% |
| Repo | Unspecified | Repo | 3.94% |
| MTAR Technologies Ltd | Industrials | Equity | 3.37% |
| HDFC Bank Ltd | Financial | Equity | 2.85% |
| Interglobe Aviation Ltd | Industrials | Equity | 2.77% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.67% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 2.49% |
| Bharat Electronics Ltd | Industrials | Equity | 2.27% |
| RBL Bank Ltd | Financial | Equity | 2.20% |
| Larsen & Toubro Ltd | Industrials | Equity | 2.19% |
| GE T&D India Ltd | Industrials | Equity | 2.13% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 2.12% |
| State Bank of India | Financial | Equity | 1.97% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 1.88% |
| Ultratech Cement Ltd | Materials | Equity | 1.83% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 1.83% |
| PB Fintech Ltd | Financial | Equity | 1.82% |
| PNB Housing Finance Ltd | Financial | Equity | 1.82% |
| APL Apollo Tubes Ltd | Industrials | Equity | 1.81% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 1.77% |
| Zomato Ltd | Technology | Equity | 1.72% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 1.70% |
| Paradeep Phosphates Ltd | Materials | Equity | 1.69% |
| Electronics Mart India Ltd | Consumer Discretionary | Equity | 1.55% |
| Jyoti CNC Automation Ltd. | Industrials | Equity | 1.50% |
| Swiggy Ltd. | Technology | Equity | 1.46% |
| R R Kabel Ltd. | Industrials | Equity | 1.43% |
| ABB India Ltd | Industrials | Equity | 1.40% |
| DEWAN HOUSING FINANCE CORP. LTD. EQ | Financial | Equity | 1.40% |
| Ahluwalia Contracts (India) Ltd | Industrials | Equity | 1.38% |
| Prudent Corporate Advisory Services Ltd | Financial | Equity | 1.35% |
| Canara Robeco Asset Management Company Ltd. | Financial | Equity | 1.33% |
| Time Technoplast Ltd | Materials | Equity | 1.25% |
| Amber Enterprises India Ltd | Consumer Discretionary | Equity | 1.24% |
| Gujarat Fluorochemicals Ltd | Materials | Equity | 1.21% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.20% |
| Indo Count Industries Ltd | Consumer Discretionary | Equity | 1.20% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | Equity | 1.19% |
| Nippon Life India Asset Management Ltd | Financial | Equity | 1.14% |
| Gokaldas Exports Ltd | Consumer Discretionary | Equity | 1.12% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 1.10% |
| Sterlite Technologies Ltd | Technology | Equity | 1.09% |
| Pine Labs Ltd. | Technology | Equity | 1.09% |
| Power Mech Projects Ltd | Industrials | Equity | 1.09% |
| Titagarh Wagons Ltd | Industrials | Equity | 1.07% |
| Mold-Tek Packaging Ltd | Materials | Equity | 1.05% |
| Blue Star Ltd | Industrials | Equity | 1.04% |
| Indian Hume Pipe Company Ltd | Industrials | Equity | 1.03% |
| Shadowfax Technologies Ltd. | Industrials | Equity | 1.02% |
| Hindalco Industries Ltd | Materials | Equity | 0.99% |
| Tata Motors Ltd | Industrials | Equity | 0.96% |
| Billionbrains Garage Ventures Ltd. | Financial | Equity | 0.95% |
| Home First Finance Company India Ltd | Financial | Equity | 0.94% |
| Wakefit Innovations Ltd. | Consumer Discretionary | Equity | 0.88% |
| Sobha Ltd | Real Estate | Equity | 0.84% |
| Cholamandalam Investment & Finance Company Ltd | Financial | Equity | 0.80% |
| Lenskart Solutions Ltd. | Consumer Discretionary | Equity | 0.75% |
| Devyani International Ltd | Consumer Discretionary | Equity | 0.73% |
| Kajaria Ceramics Ltd | Industrials | Equity | 0.68% |
| Diamond Power Infrastructure Ltd | Industrials | Equity | 0.64% |
| Dhoot Transmission Ltd | Consumer Discretionary | Equity | 0.60% |
| Optiemus Infracom Ltd | Technology | Equity | 0.55% |
| Pitti Engineering Ltd | Industrials | Equity | 0.53% |
| JSW Steel Ltd | Materials | Equity | 0.53% |
| HDFC Asset Management Company Ltd | Financial | Equity | 0.53% |
| Amara Raja Batteries Ltd | Consumer Discretionary | Equity | 0.44% |
| Ganesha Ecosphere Ltd | Consumer Discretionary | Equity | 0.37% |
| Bharat Bijlee Ltd | Industrials | Equity | 0.34% |
| PG Electroplast Ltd | Industrials | Equity | 0.32% |
| Awfis Space Solutions Ltd. | Industrials | Equity | 0.32% |
| Apar Industries Ltd | Diversified | Equity | 0.14% |
| Net Payables | Unspecified | Net Payables | -0.22% |
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 | +16.0% | +15.6% | +13.8% | +14.0% |
| 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
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 ₹1,57,695 Cr and the Latest NAV as of 18 Sep 2026 is ₹48.87.
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₹1,57,695.29 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,