HDFC Business Cycle Fund Direct Growth

HDFC Business Cycle Fund Direct Growth

Equity

HDFC Mutual Fund

Equity - Other

Get the latest NAV of HDFC Business Cycle Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹15.18

▲0.4%1D

NAV as on 14 Aug 2025

16.65%/per year

Since Inception

Absolute Gain%

▲▼

808 people have invested ₹ 13.4L in HDFC Business Cycle Fund Direct Growth in the last three months

HDFC Business Cycle Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (14-Aug-25)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-0.16%
5.48%
11.62%
3.19%
--
--
Nifty 500
-3.16%
-0.83%
9.82%
-1.63%
13.83%
19.6%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
2.43%
11.84%
43.18%
13.99%
32.61%
32.29%
Worst in Equity - Other
-7.6%
-2.68%
-2.33%
-16.05%
7.61%
13.15%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
HDFC Business Cycle Fund
-
2,925Cr
0.84%
3.19%
-
--
--
--
--
--
ICICI Prudential India Opportunities Fund Direct Growth
1/40
29,718Cr
0.61%
5.76%
24.2%
9.01
0.82
1.49
2.94
1.86
ICICI Prudential Business Cycle Fund Direct Growth
2/40
13,479Cr
0.72%
8.86%
23.08%
7.29
0.86
1.31
2.54
1.57
Nippon India Quant Fund Direct Growth
3/40
101Cr
0.41%
2.6%
20.29%
6.44
0.99
1.08
1.91
2.20
See all

HDFC Business Cycle Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

HDFC Business Cycle Fund Asset Allocation

See fund asset allocation details as on (14-Aug-25)

Fund Distribution

as on (14-Aug-25)

Equity 94.9%

Debt & Cash 5.1%

Large cap
45.2%
Small cap
23.3%
Mid cap
20.7%
Large Cap allocation has gone down from 51.8% to 45.2%
Large Cap allocation has gone down from 51.8% to 45.2%
Small Cap allocation has gone up from 20.4% to 23.3%
Small Cap allocation has gone up from 20.4% to 23.3%
Mid Cap allocation has gone up from 20.3% to 20.7%
Mid Cap allocation has gone up from 20.3% to 20.7%
Cash allocation has gone up from 3.2% to 5.1%
Cash allocation has gone up from 3.2% to 5.1%

HDFC Business Cycle Fund Sector Allocation

See fund sector allocation details as on (14-Aug-25)

Sector Allocation

Equity 94.9%

Debt & Cash 5.1%

Financial Services
26.9%
Industrial
19.5%
Consumer Cyclical
18.9%
Health
9.2%
Communication
8.6%
Tech
7.8%
Utilities
3.6%
Basic Materials
2.8%
Real Estate
2.2%
Consumer Defensive
0.5%

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

Jul'25

Financial Services

26%

Consumer Cyclical

22%

Health

15%

Jun'25

Financial Services

29%

Consumer Cyclical

26%

Industrial

14%

HDFC Business Cycle Fund Holdings Details

as on (31-Jul-25)

Equity

Holdings
Weight%
1M Change
ICICI Bank Ltd
7.94%
-9.5%
Eternal Ltd
6.71%
-9.9%
Bharti Airtel Ltd
6%
0%
HDFC Bank Ltd
4.17%
0%
Vishal Mega Mart Ltd
3.59%
-9.6%
See all
Top Stocks bought last month
Ambuja Cements Ltd's allocation increased from 1.43% to 2.3%
Ambuja Cements Ltd's allocation increased from 1.43% to 2.3%
Lupin Ltd's allocation increased from 0.8% to 1.53%
Lupin Ltd's allocation increased from 0.8% to 1.53%
Titan Co Ltd's allocation increased from 2.02% to 2.6%
Titan Co Ltd's allocation increased from 2.02% to 2.6%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 8.48 % to 7.94 %
ICICI Bank Ltd's allocation decreased from 8.48 % to 7.94 %
Bharti Airtel Ltd's allocation decreased from 6.24 % to 6 %
Bharti Airtel Ltd's allocation decreased from 6.24 % to 6 %
Vishal Mega Mart Ltd's allocation decreased from 3.77 % to 3.59 %
Vishal Mega Mart Ltd's allocation decreased from 3.77 % to 3.59 %

HDFC Business Cycle Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.84%
Benchmark
Nifty 500 TR INR
AUM₹2925 Cr
Inception Date30 November, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
43.37%
Risk
Risk meter
pointer
Very High Risk

About HDFC Business Cycle Fund

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

Key Parameters

  1. HDFC Business Cycle Fund Direct Growth has ₹2925 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

HDFC Business Cycle Fund Direct Growth has given a CAGR return of 16.65% since inception. Over the last 1 year the fund has given a CAGR return of 3.19%.

Holdings

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

Investment objective of HDFC Business Cycle Fund Direct Growth

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 and lockin period

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.

Fund Manager

Dhruv Muchhal

Fund Manager of HDFC Business Cycle Fund Direct Growth, since 22 June 2023

Rahul Baijal

Fund Manager of HDFC Business Cycle Fund Direct Growth, since 30 November 2022

Learn more about HDFC Mutual Fund
Parameters
Jul'25
Jun'25
May'25
AUM
₹ 2.9K Cr
₹ 3K Cr
₹ 2.9K Cr
  • AUM of the fund stands at 2.9K Cr as of Jul'25
  • AUM decreased by 30 Cr between Jul'25 and Jun'25

Frequently Asked Questions for HDFC Business Cycle Fund Direct Growth

How do I invest in HDFC Business Cycle Fund?

INDmoney makes it simple to invest in the HDFC Business Cycle Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘HDFC Business Cycle Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of HDFC Business Cycle Fund?

The NAV of the fund today is ₹15.18. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

HDFC Business Cycle Fund fund has generated a return of 3.19% in 1 year

Who is the fund manager of HDFC Business Cycle Fund?

The fund managers are Dhruv Muchhal, Rahul Baijal.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.84%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹2925 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of HDFC Business Cycle Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(7.94%), Eternal Ltd(6.71%), Bharti Airtel Ltd(6%)