HDFC Business Cycle Fund Direct Growth

HDFC Business Cycle Fund Direct Growth is an equity fund. This fund was started on 30 November, 2022. The fund is managed by Rahul Baijal. The fund could potentially beat inflation in the long-run.

1. HDFC Business Cycle Fund Direct Growth has ₹2857 Cr worth of assets under management (AUM) as on May 2025 and is more than category average.
2. The fund has an expense ratio 0.8.
   

HDFC Business Cycle Fund Direct Growth has given a CAGR return of 16.73% since inception. Over the last 1 year the fund has given a CAGR return of 4.32%.

HDFC Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Communication, Basic Materials, Real Estate, Utilities, Tech, Consumer Defensive. Its top holdings are ICICI Bank Ltd, Tata Motors Ltd, Bharti Airtel Ltd, Eternal Ltd, Axis Bank Ltd

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To provide long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Business Cycle Fund Direct Growth has no lock in period.