Thematic FundHSBC Asset Management (India) Private Ltd.

HSBC Business Cycles Fund - Direct Growth

Benchmark: Nifty 500 TRI · Riskometer: Very High

₹49.8008

NAV (2026-08-31)

₹1,230.468 Cr

AUM (2026-08-26)

1.12%

EXPENSE RATIO (DIRECT)

2014-07-30

INCEPTION

BQuality · 71.4/100

DSafety · 25.7/100

BCompound · 66.9/100

Punji Fund Health Score - percentile-within-category. See methodology.

CHART

Rolling CAGR by holding period - min, median, max

Each group is one holding-period length. Full range of outcomes across every overlapping window in the fund's history, not one trailing number.

Min rolling CAGRMedian rolling CAGRMax rolling CAGR

Category RankRisk MetricsHoldingsSimilar FundsPunji Analytics

Metric	Value	Percentile	Category median
3Y Rolling CAGR	19.4%	66.67^th	18.2%
3Y Sharpe Ratio	0.61	44.44^th	0.68
3Y Alpha	3.6%	59.26^th	2.2%
3Y Std Deviation	18.2%	22.22^th (lower is better)	15.1%

0.6142

0.9137

3.6119

1.1918

18.2185

-23.4083

120.8023

113.6762

9.1864

Tracking Error (%)

0.7723

Calmar Ratio

3-year window vs. Nifty 500 TRI.

CHART

Top sector holdings

Share of portfolio (% to NAV) in each of the top sectors.

Banks 14.96%Capital Markets 10.56%Construction 7.42%Electrical Equipment 7.4%Retailing 6.62%Industrial Products 5.67%Consumer Durables 5.52%Finance 4.86%Aerospace & Defense 4.72%Transport Services 3.83%Automobiles 3.02%Industrial Manufacturing 2.85%Petroleum Products 2.84%Textiles & Apparels 2.73%Financial Technology (Fintech) 2.57%Other 2.23%Cement & Cement Products 1.97%Chemicals & Petrochemicals 1.87%Fertilizers & Agrochemicals 1.62%Telecom - Equipment & Accessories 1.49%Non - Ferrous Metals 1.4%Realty 0.95%Agricultural, Commercial & Construction Vehicles 0.92%Leisure Services 0.63%Ferrous Metals 0.54%Auto Components 0.46%Commercial Services & Supplies 0.35%

TOP HOLDINGS

ICICI Bank Limited (Banks)5.77%

HDFC Bank Limited (Banks)3.12%

Mtar Technologies Limited (Electrical Equipment)2.85%

InterGlobe Aviation Limited (Transport Services)2.84%

Reliance Industries Limited (Petroleum Products)2.84%

Hindustan Aeronautics Limited (Aerospace & Defense)2.51%

Treps ()2.32%

RBL Bank Limited (Banks)2.26%

ICICI Prudential AMC Ltd (Capital Markets)2.24%

Larsen & Toubro Limited (Construction)2.22%

Funds that behave most similarly (beta, capture ratios, volatility - not holdings overlap). Pick up to 2 to compare alongside this fund: