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 Sonal Gupta. The fund could potentially beat inflation in the long-run.

1. HSBC Business Cycles Fund Direct Growth has ₹1078 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 1.1.
   

HSBC Business Cycles Fund Direct Growth has given a CAGR return of 15.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.25%, 30.58% and 29.42% respectively.

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

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 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.