HSBC Business Cycles Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 38.28 as on 18-04-2024
Fund Performance
110 people have invested ₹ 13.9L in HSBC Business Cycles Direct Growth in the last three months
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 19.6% growth in AUM moving from 639.1 Cr to 764.45 Cr.
Over the last 1 year, this fund has decreased expense ratio by 6.3% moving from 1.42 to 1.33.
In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 98.65% return, outperforming this fund by 52.13%.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 28.35% return, outperforming this fund by 8.97% per annum.
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 46.45% return, outperforming this fund by 21.71% per annum.
INDmoney Rank of HSBC Business Cycles Direct Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the HSBC Business Cycles Direct Growth
HSBC Business Cycles Direct Growth is an equity fund. This fund was started on 20 August, 2014. The fund is managed by Sonal Gupta, Venugopal Manghat. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Business Cycles Direct Growth has ₹764 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.3.
HSBC Business Cycles Direct Growth Overview
 | 1.33% |
 Benchmark | IISL Nifty 500 TR INR |
 | ₹764 Cr |
 | 20 August, 2014 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 27.81% |
HSBC Business Cycles Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
44.6%
Small cap
39.3%
Mid cap
13.2%
Sector Allocation
Industrial
31.8%
Financial Services
24.9%
Consumer Cyclical
17.3%
Basic Materials
13.8%
Energy
8.1%
Real Estate
2.8%
Tech
1.3%
Top Holdings of HSBC Business Cycles Direct Growth as on (31-Mar-24)
Equity Holdings52
HSBC Business Cycles Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.72% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.26% in Mar'24
AUM Change
- AUM of the fund stands at 770.2 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in HSBC Business Cycles Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Century Textiles & Industries Ltd | 33.7% |
 EIH Ltd | 23.2% |
 ABB India Ltd | 20.7% |
Peer Analysis
HSBC Business Cycles Direct Growth Fund Manager
Sonal Gupta
Fund Manager of HSBC Business Cycles Direct Growth, since 1 June 2023
Top funds managed
Venugopal Manghat
Fund Manager of HSBC Business Cycles Direct Growth, since 20 August 2014
Top funds managed
HSBC Business Cycles Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.94% since inception which is less than its category average return of 22.12%
Fund Allocations
This fund has an allocation of 98.14% in Equity, 0% in Debt and 1.86% in Cash related instruments
AUM size ₹764 Cr
This fund has AUM of ₹764 Cr which is less than its category average of ₹ 1777 Cr
Expense Ratio 1.33%
This fund has an expense ratio of 1.33% which is more than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of HSBC Business Cycles Direct Growth is ₹38.28 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
HSBC Business Cycles Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.94% | 6.94% |
6 Month Returns | 23.75% | 23.75% |
1 Year Returns | 46.52% | 46.52% |
3 Years Returns | 94.08% | 24.74% |
5 Years Returns | 142.5% | 19.38% |
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1.33% as on March 2024
₹764 Cr as on March 2024
ICICI Bank Ltd(6.08%), Trent Ltd(5.53%), Reliance Industries Ltd(5.27%), Larsen & Toubro Ltd(4.92%), Multi Commodity Exchange of India Ltd(4.13%) as on March 2024
Industrial(31.17%), Financial Services(24.45%), Consumer Cyclical(16.94%) as on March 2024
The alpha ratio for the HSBC Business Cycles Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Business Cycles Direct Growth | 5.07 | 3.95 | 0.96 |
As on March 2024
The alpha for HSBC Business Cycles Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HSBC Business Cycles Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Business Cycles Direct Growth | 0.94 | 0.94 | 1.08 |
As on March 2024
The Beta for HSBC Business Cycles Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HSBC Business Cycles Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC Business Cycles Direct Growth | 2.67 | 1.22 | 0.68 |
As on March 2024
The sharpe ratio for HSBC Business Cycles Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HSBC Business Cycles Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC Business Cycles Direct Growth | 11.84 | 13.49 | 21.77 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.55 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.7 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sonal Gupta, Venugopal Manghat are the fund managers of HSBC Business Cycles Direct Growth
The Exit load of HSBC Business Cycles Direct Growth is 1%