Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Business Cycles Fund

Holds 70 companies worth ₹1,157 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹1,179 CrHSBC Business Cycles Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.1% on Aug 2026, ₹1,229 Cr.

  • Largest holding

    ICICI BankICICI Bank is 5.3% of this scheme's NAV.

  • Fund manager

    Gautam BhupalRuns it since 1 Jun 2023, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

AUM(Dec 2022 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20261,179−4.1%
Aug 20261,229+4.0%
Jul 20261,1820.0%
Jun 20261,183+3.5%
May 20261,142−0.6%
Apr 20261,149+17.7%
Mar 2026977−11.4%
Feb 20261,102+1.1%
Jan 20261,090−4.1%
Dec 20251,137−1.3%
Nov 20251,152−0.8%
Oct 20251,161+3.9%
AUM at month end, Sept 2026
₹1,179 Cr
+1.5% 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 20266.08%−0.08 pt
Jun 20266.16%−0.03 pt
Mar 20266.19%0.00 pt
Dec 20256.19%−0.21 pt
Direct plans' share of AUM, Sept 2026
6.08%
−0.11 pt since Dec 2025
Fig. 2.HSBC Business Cycles 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 *
−3.64%−3.73%––−4.25%
3 months *
+0.56%+0.26%––−2.83%
6 months *
+9.25%+8.60%––+6.17%
1 year
+0.95%−0.24%−5.06%+6.00 pt−0.06%
3 years
+15.80%+14.50%+9.52%+6.28 pt+15.80%
5 years
+14.13%+12.88%+8.39%+5.75 pt+12.11%
10 years
+13.12%+12.04%+12.45%+0.67 pt+15.28%
Since launch
+13.68%+12.65%+11.95%+1.73 pt+13.93%
Fig. 3.To 9 Oct 2026; past a year, a yearly rate. Benchmark: Nifty 500 TRI. * From NAVs. Source: AMFI.