HSBC Business Cycles Fund Direct Growth

HSBC Business Cycles Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 10-12-2024

₹ 49.48

0.2%

1D

Inception Returns

16.8%

/yr

About HSBC Business Cycles Fund Direct Growth

HSBC Business Cycles Fund Direct Growth is an equity fund. This fund was started on 20 August, 2014. The fund is managed by Venugopal Manghat, Sonal Gupta. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HSBC Business Cycles Fund Direct Growth has ₹995 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.2.

Returns

HSBC Business Cycles Fund Direct Growth has given a CAGR return of 16.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.75%, 26.54% and 25.94% respectively.

Holdings

HSBC Business Cycles Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Energy, Real Estate, Tech. Its top holdings are Trent Ltd, Multi Commodity Exchange of India Ltd, ICICI Bank Ltd, Reliance Industries Ltd, HDFC Bank Ltd

Taxation

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of HSBC Business Cycles Fund Direct Growth

The investment objective of the Scheme is 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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Business Cycles Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
258 people have invested ₹ 17.7L in HSBC Business Cycles Fund Direct Growth in the last three months

INDmoney Rank for HSBC Business Cycles Fund Direct Growth

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HSBC Business Cycles Fund Direct Growth Overview

Expense ratio1.21%
Benchmark
IISL Nifty 500 TR INR
AUM₹995 Cr
Inception Date20 August, 2014
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
26.39%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (10-Dec-24)

Period
HSBC Business Cycles Fund Direct Growth
Nifty 500
equity - other
1M
6.4%
3%
-
3M
4.4%
-1.4%
-
6M
15.6%
6.9%
-
1Y
46.8%
24.7%
-
3Y
26.5%
15.4%
-
5Y
25.9%
19.4%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Small cap
43.8%

Large cap
39.8%

Mid cap
10.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
30.9%
Financial Services
25.7%
Consumer Cyclical
18.8%
Basic Materials
14.9%
Energy
6.4%
Real Estate
2%
Tech
1.3%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-2.36%
2.30%
1.87%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -2.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 4.16% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1K Cr
₹ 1K Cr
₹ 976.9 Cr
  • AUM of the fund stands at 1K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24

Top 3 Sectors in October were Industrial, Financial Services & Consumer Cyclical

Oct'24
Industrial
31%
Financial Services
26%
Consumer Cyclical
19%
Sep'24
Industrial
31%
Financial Services
26%
Consumer Cyclical
19%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
60
60
58
Top 5 Company Concentration
26.1%
26.1%
26%
Company having highest exposure
Trent Ltd (8.1%)
Trent Ltd (8.1%)
Trent Ltd (7.8%)
No of Sectors
7
7
7
Top 5 Sectors Concentration
96.7%
96.7%
96.7%
Sector having highest exposure
Industrial (30.9%)
Industrial (30.9%)
Industrial (31%)
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Venugopal Manghat
Venugopal Manghat
Fund Manager of HSBC Business Cycles Fund Direct Growth, since 20 August 2014
Sonal Gupta
Sonal Gupta
Fund Manager of HSBC Business Cycles Fund Direct Growth, since 1 June 2023
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.31L Cr
as on 31-Oct-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in

Mutual Fund Insights

Insights icon
In the last 1 year, HDFC Defence Fund Direct Growth has given 59.28% return, outperforming this fund by 12.53%.
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Over the last 6 months, this fund has experienced a 19.4% growth in AUM moving from 833.4 Cr to 995.4 Cr.
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In the last 3 years, SBI PSU Direct Growth has given 38.26% return, outperforming this fund by 11.72% per annum.
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In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 35.08% return, outperforming this fund by 9.14% per annum.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 5.5% moving from 1.28 to 1.21.

HSBC Business Cycles Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.78% since inception which is less than its category average return of 19.33%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.58% in Equity, 0% in Debt and 3.42% in Cash related instruments
AUM size ₹995 Cr

AUM size ₹995 Cr

This fund has AUM of ₹995 Cr which is less than its category average of ₹ 2179 Cr
Expense Ratio 1.21%

Expense Ratio 1.21%

This fund has an expense ratio of 1.21% which is more than its category average expense ratio of 1.18%

Frequently Asked Questions for HSBC Business Cycles Fund Direct Growth

The current NAV of HSBC Business Cycles Fund Direct Growth is ₹49.48 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
HSBC Business Cycles Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.41%
6.41%
6 Month Returns
15.56%
15.56%
1 Year Returns
46.75%
46.75%
3 Years Returns
102.6%
26.54%
5 Years Returns
216.79%
25.94%
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1.21% as on November 2024
₹995 Cr as on November 2024
Trent Ltd(6.73%), Multi Commodity Exchange of India Ltd(5.74%), ICICI Bank Ltd(5.44%), Reliance Industries Ltd(3.69%), HDFC Bank Ltd(3.42%) as on November 2024
Industrial(29.04%), Financial Services(27.96%), Consumer Cyclical(16.91%) as on November 2024
The alpha ratio for the HSBC Business Cycles Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HSBC Business Cycles Fund Direct Growth
19.29
8.26
3.93
As on November 2024
The alpha for HSBC Business Cycles Fund 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 Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HSBC Business Cycles Fund Direct Growth
0.7
0.95
1.05
As on November 2024
The Beta for HSBC Business Cycles Fund 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 Fund 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 Fund Direct Growth
2.78
1.3
0.91
As on November 2024
The sharpe ratio for HSBC Business Cycles Fund 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 Fund 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 Fund Direct Growth
11.53
14.15
21.32
As on November 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 2.88 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.55 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Venugopal Manghat, Sonal Gupta are the fund managers of HSBC Business Cycles Fund Direct Growth
The Exit load of HSBC Business Cycles Fund Direct Growth is 1%