HSBC Business Cycles Direct Growth

Very High Risk
Equity
Equity - Other

NAV as on May 6, 2025

Price per unit of the scheme.

₹ 43.1209-1.97%1 Day Change

3.06%

Minimum Investment₹5000

Expense Ratio1.37%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.

Scheme Rating

*Morningstar Rating Methodology i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

1M 3M 6M 1Y 3Y 5Y

This Fund

HSBC Business Cycles Direct Growth

Equity: Equity - Other Average NAV

Topper in Equity: Equity - Other

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

HSBC Business Cycles Direct Growth

Investment Type

Monthly Investment

Time Period (yrs)

Annual Return in %

Invested Amount
₹0
Return
₹0

Current Value
₹0

FUND SUMMARY

Benchmark

IISL Nifty 500 TR INR

Expense Ratio

1.37%

Category Avg Expense Ratio

0.93%

Minimum Investment (Lumpsum/SIP)

₹ 5000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 967.37 Cr(As on Mar, 2025)

Inception Date

Aug 20, 2014

Turnover

29.00 %

Exit Load

If the units redeemed or switched out are upto 10% of the units purchased or switched in (the limit) within 1 year from the date of allotment. Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment. 1% If units are redeemed or switched out on or after 1 year from the date of allotment. Nil

ABOUT THE FUND

Objective: To seek to generate long-term capital appreciation from a diversiﬁed 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.There is no assurance that the investment objective of the scheme will be realized.

HSBC Business Cycles Direct Growth is an Equity - Equity - Other fund. The fund was launched inAug 20, 2014. Its risk level is . The NAV of the fund as onMay 06, 2025 is ₹43.12. Its expense ratio is 1.37 %. The fund has an AUM of ₹967.37 Cr.The fund is managed byVenugopal Manghat,Gautam Bhupal,Sonal Gupta.
The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Venugopal Manghat

Lead Fund Manager.

Aug 20, 2014 - Present

Schemes managed7
Total AUM₹ 47,721.42 Cr
Highest Return In 1 Yr7.46 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Business Cycles Direct Growth

₹ 43.12

3.06%

Very High Risk

₹967.37Cr

HSBC Small Cap Fund Fund Direct Growth

₹ 80.20

2.17%

2.73%

Very High Risk

₹13,334.31Cr

HSBC Multi Cap Fund Direct Growth

₹ 17.58

4.63%

4.54%

Very High Risk

₹4,276.29Cr

HSBC Business Cycles Direct Growth

Very High Risk

NAV₹ 43.12
Fund Size₹967.37Cr

Fund Return3.06%

Category Return--

HSBC Small Cap Fund Fund Direct Growth

Very High Risk

NAV₹ 80.20
Fund Size₹13,334.31Cr

Fund Return2.17%

Category Return2.73%

HSBC Multi Cap Fund Direct Growth

Very High Risk--

NAV₹ 17.58
Fund Size₹4,276.29Cr

Fund Return4.63%

Category Return4.54%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Gautam Bhupal

Lead Fund Manager.

Jun 1, 2023 - Present

Schemes managed12
Total AUM₹ 31,933.62 Cr
Highest Return In 1 Yr12.41 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Tax Saver Equity Fund Direct Growth

₹ 98.71

6.71%

4.91%

Very High Risk

₹210.48Cr

HSBC Business Cycles Direct Growth

₹ 43.12

3.06%

Very High Risk

₹967.37Cr

HSBC Managed Solutions India Moderate Growth Direct

₹ 35.80

3.81%

High Risk

₹53.54Cr

HSBC Tax Saver Equity Fund Direct Growth

Very High Risk

NAV₹ 98.71
Fund Size₹210.48Cr

Fund Return6.71%

Category Return4.91%

HSBC Business Cycles Direct Growth

Very High Risk

NAV₹ 43.12
Fund Size₹967.37Cr

Fund Return3.06%

Category Return--

HSBC Managed Solutions India Moderate Growth Direct

High Risk

NAV₹ 35.80
Fund Size₹53.54Cr

Fund Return3.81%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Sonal Gupta

Lead Fund Manager.

Jun 1, 2023 - Present

Schemes managed23
Total AUM₹ 65,762.57 Cr
Highest Return In 1 Yr12.41 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

HSBC Business Cycles Direct Growth

₹ 43.12

3.06%

Very High Risk

₹967.37Cr

HSBC Global Equity Climate Change Fund of Fund Direct Growth

₹ 10.34

10.10%

Very High Risk

₹56.45Cr

HSBC Asia Pacific(Ex Japan) Dividend Yield Fund Direct Growth

₹ 23.59

2.80%

Very High Risk

₹8.37Cr

HSBC Business Cycles Direct Growth

Very High Risk

NAV₹ 43.12
Fund Size₹967.37Cr

Fund Return3.06%

Category Return--

HSBC Global Equity Climate Change Fund of Fund Direct Growth

Very High Risk--

NAV₹ 10.34
Fund Size₹56.45Cr

Fund Return10.10%

Category Return--

HSBC Asia Pacific(Ex Japan) Dividend Yield Fund Direct Growth

Very High Risk--

NAV₹ 23.59
Fund Size₹8.37Cr

Fund Return2.80%

Category Return--

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Mar, 2025

EQUITY (97.25%)

DEBT (-%)

CASH (2.75%)

Allocation by Market Cap

Large Cap(45.66%)

Mid Cap(10.55%)

Small Cap(39.78%)

Industry Holdings

Banks Regional16.04%
Engineering Construction11.47%
Financial Exchanges7.47%
Diversified Industrials6.76%
Oil Gas Refining Marketing6.59%
Apparel Stores5.49%

Stock Holdings

ICICI Bank Ltd5.92%
Reliance Industries Ltd5.29%
Trent Ltd5.27%
Multi Commodity Exchange of India Ltd5.18%
HDFC Bank Ltd4.66%
Bharat Electronics Ltd3.11%

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.

Consistency
i
It represents the consistency of a fund in beating its benchmark.
----
Downside Risk
i
Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
Risk Adjusted Return
i
Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
Volatility
i
Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
Upside Capture Ratio
i
Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
----
Downside Capture Ratio
i
Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
----

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.

Alpha: Excess return of the fund over benchmark
i
Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
--
This Fund
VS
--
Category Avg
R-Squared: How well the fund tracks benchmark
i
R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
--
This Fund
VS
--
Category Avg

Beta: Risk of the fund in relation to benchmark
i
Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
--
This Fund
VS
--
Category Avg
Sharpe Ratio: Risk adjusted return of the fund
i
Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
0.85
This Fund
VS
--
Category Avg

Sortino Ratio: Return per unit of bad risk
i
A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
1.44
This Fund
VS
--
Category Avg
Standard Devation: Volatility of the fund
i
Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
17.90
This Fund
VS
--
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

HSBC Asset Management (India) Private Ltd

HSBC Asset Management (India) Private Ltd manages assets worth ₹ 1,21,765.68 crores. It’s current offering of mutual fund schemes includes 21 equity, 13 debt and 8 hybrid schemes.

Phone

+91 22 66145000

hsbcmf@hsbc.co.in

AUM

₹ 1,21,765.68 Cr (

As on Mar 31, 2025

)

Address

16, V N Road, Mumbai,400 001

FAQ's

What is the category of HSBC Business Cycles Direct Growth ?

The category of HSBC Business Cycles Direct Growth is Equity - Equity - Other

What is the current NAV of HSBC Business Cycles Direct Growth ?

The current NAV of HSBC Business Cycles Direct Growth as on May 06, 2025 is ₹43.12

How safe is HSBC Business Cycles Direct Growth ?

The risk level of HSBC Business Cycles Direct Growth is Very High.

What are short term returns given by HSBC Business Cycles Direct Growth ?

The return given by HSBC Business Cycles Direct Growth in 1 month is 3.06%, 3 months is 0.38%, 6 months is -9.71%, and 1 year is 7.13%

What are the long term returns given by HSBC Business Cycles Direct Growth ?

The return given by HSBC Business Cycles Direct Growth in 3 years is 23.68% and 5 years is 29.35%.

What is the expense ratio of HSBC Business Cycles Direct Growth ?

The expense ratio of HSBC Business Cycles Direct Growth is 1.37%

What is the AUM of HSBC Business Cycles Direct Growth ?

The assets under Management (AUM) of HSBC Business Cycles Direct Growth is Rs 967.37 crores.

What is the minimum investment in HSBC Business Cycles Direct Growth ?

The minimum Lumpsum investment in HSBC Business Cycles Direct Growth is ₹5,000.00 and the minimum SIP investment in HSBC Business Cycles Direct Growth is ₹1,000.00

What is the asset allocation of HSBC Business Cycles Direct Growth?

HSBC Business Cycles Direct Growth has an exposure of 97.25% in Equity and 2.75% in Cash & Money Market Securities