HSBC Business Cycles Fund - Regular Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 100% of historical 3-year rolling periods.
- Generated +2.2% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 2.32% is lower than category median (2.52%).
- Over 12 years of operational history across different market cycles.
- High beta (1.19) means the fund swings more sharply than the broader index.
- Downside capture of 129% indicates larger drops during broader market downturns.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +3.12% | +6.32% | -3.20% |
| 3 Months | -0.46% | -0.20% | -0.26% |
| 6 Months | +5.33% | +5.98% | -0.65% |
| 1 Year | +3.74% | +3.90% | -0.16% |
| 3 Years CAGR | +15.23% | +13.23% | +2.00% |
| Since Inception | +15.61% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in HSBC Business Cycles Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.39% | +4.03% | +0.36% |
| 2025 | -2.73% | +1.43% | -4.16% |
| 2024 | +36.31% | +20.41% | +15.90% |
| 2023 | +31.32% | +30.70% | +0.62% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -9.23% | +18.91% | +8.12% | +60.10% | 77.6% | 69.8% |
| 3-Year Rolling | +13.09% | +16.99% | +16.65% | +21.70% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-11 | 2025-03-03 | -23.6% | 3 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related securities | 80%-100% Money market instruments and other liquid instruments :0% to 20% Units issued by InvITs:0% to 10% Units of Gold and Silver ETFs : 0% to 20% |
Investment Objective & Strategy
To seek to generate long-term capital appreciation from a 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. The Scheme could also additionally invest in Foreign Securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,210 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Invesco India Infrastructure Fund | 4.9 | +15.54% | 2.39% | 129.7% | Rs 1,483 cr | Compare → |
| Tata India Consumer Fund | 5.9 | +13.29% | 2.12% | 99.1% | Rs 2,897 cr | Compare → |
| DSP Banking & Financial Services Fund | 6.7 | - | 2.17% | 88.9% | Rs 2,201 cr | Compare → |
| Aditya Birla Sun Life Business Cycle Fund | 5.5 | +13.03% | 2.46% | 96.6% | Rs 1,816 cr | Compare → |
| Invesco India PSU Equity Fund | 5.6 | +17.09% | 2.37% | 127.9% | Rs 1,406 cr | Compare → |
Frequently Asked Questions about HSBC Business Cycles Fund
What is the expense ratio of HSBC Business Cycles Fund?
HSBC Business Cycles Fund has a total expense ratio (TER) of 2.32% with a base expense ratio of 1.87%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages HSBC Business Cycles Fund?
HSBC Business Cycles Fund is managed by Gautam Bhupal (tenure: 3.4 years since 2023-06-01).
What are the historical returns of HSBC Business Cycles Fund?
HSBC Business Cycles Fund delivered a 3-year CAGR of 15.23%. Its 1-year return stands at +3.74%.
How large is HSBC Business Cycles Fund?
HSBC Business Cycles Fund manages assets of Rs 1,210 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is HSBC Business Cycles Fund scored on MFIQ?
HSBC Business Cycles Fund holds an MFIQ Score of 5.6/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is HSBC Business Cycles Fund?
HSBC Business Cycles Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.47% with a maximum historical drawdown of -23.60%.