Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Business Cycle Fund

Holds 62 companies worth ₹2,331 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹2,646 CrHDFC Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.6% on Aug 2026, ₹2,775 Cr.

  • Largest holding

    Bharti Airtel LimitedBharti Airtel Limited is 5.7% of this scheme's NAV.

  • Fund manager

    Amar KalkundrikarRuns it since 30 Nov 2022, as the fund house dates it. With Bhagyesh Kagalkar (gold & silver), Gopal Agrawal (overseas).

AUM(Dec 2022 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20262,646−4.6%
Aug 20262,775+1.3%
Jul 20262,739+1.3%
Jun 20262,703+4.8%
May 20262,579−1.0%
Apr 20262,604+11.6%
Mar 20262,334−11.9%
Feb 20262,651−1.1%
Jan 20262,680−4.3%
Dec 20252,801−4.3%
Nov 20252,929−1.5%
Oct 20252,972+2.4%
AUM at month end, Sept 2026
₹2,646 Cr
−11.0% since Oct 2025
Fig. 1.AUM at each month's end, ₹ crore; under All, the quarterly average since 2010. Source: AMFI.

Direct plans(Dec 2022 – Sept 2026)

Direct plans' share of AUM each quarter, and its change on the quarter before
4 quartersShareChange
Sept 20268.74%+0.21 pt
Jun 20268.54%+0.07 pt
Mar 20268.47%+0.09 pt
Dec 20258.38%+0.05 pt
Direct plans' share of AUM, Sept 2026
8.74%
+0.36 pt since Dec 2025
Fig. 2.HDFC Business Cycle Fund's quarterly average AUM in direct plans, which pay no distributor; changes in points. Source: AMFI.

Returns(9 Oct 2026)

Growth · Direct and Regular plans

To 9 Oct 2026; past a year, a yearly rate. Benchmark: Nifty 500 TRI. * From NAVs. Source: AMFI. Click a column's header to sort by it.
1 month *
−4.39%−4.47%––−4.51%
3 months *
−2.32%−2.57%––−3.15%
6 months *
+9.02%+8.48%––+4.22%
1 year
−0.94%−1.96%−5.06%+4.12 pt+0.43%
3 years
+10.48%+9.23%+9.52%+0.96 pt+12.61%
Since launch
+11.79%+10.45%+9.55%+2.24 pt+13.17%
Fig. 3.To 9 Oct 2026; past a year, a yearly rate. Benchmark: Nifty 500 TRI. * From NAVs. Source: AMFI.