HSBC Business Cycles Fund
Direct · Growth ₹48.33
04 Aug 2026
NAV
15.0%
3Y CAGR
14.3%
5Y CAGR
14.7%
10Y CAGR
14.5%
Weighted CAGR
?
Weighted Mean CAGR
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
7.45
Sharpe
-44.7%
Max Drawdown
?
Max Drawdown
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
NA
TER
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.68 L | 16.3% | -60.7% | 102.9% |
| 3 Years | ₹36.00 L | ₹46.72 L | 15.8% | -26.9% | 40.5% |
| 5 Years | ₹60.00 L | ₹88.38 L | 15.6% | -12.7% | 33.8% |
| 7 Years | ₹84.00 L | ₹1.53 Cr | 17.5% | 8.9% | 26.0% |
| 10 Years | ₹1.20 Cr | ₹2.94 Cr | 17.3% | 13.1% | 20.5% |
| 12 Years | ₹1.44 Cr | ₹3.69 Cr | 14.9% | 14.6% | 15.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 16.3% | 14.5% | 13.9% | +1.8% |
| 3 Years | 15.8% | 11.2% | 16.8% | +4.7% |
| 5 Years | 15.6% | 10.4% | 16.9% | +5.2% |
| 7 Years | 17.5% | 10.6% | 16.6% | +6.9% |
| 10 Years | 17.3% | 11.5% | 16.9% | +5.9% |
| 12 Years | 14.9% | 11.4% | 16.4% | +3.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.4% | 10.4% | -33.3% | 93.8% | 0.40 | 1.00 | 76% | — | — |
| 3 Years | 15.0% | 16.3% | -10.6% | 35.1% | 0.88 | 2.39 | 91% | — | — |
| 5 Years | 14.3% | 12.7% | -3.6% | 33.1% | 0.99 | 4.76 | 98% | — | — |
| 10 Years | 14.7% | 14.6% | 11.4% | 17.4% | 7.45 | — | 100% | — | — |
-44.7%
Max Drawdown
27 mo
Drawdown Duration
10 mo
Recovery Time
-7.9%
Avg Drawdown
Calmar Ratio by Duration
0.34
1Y
0.34
3Y
0.32
5Y
0.31
7Y
0.33
10Y
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.12 | 1.15 | 109.6% | 106.0% | 2.4% | 0.2% |
| 3 Years | +8.28 | 1.15 | 115.3% | 105.4% | 17.1% | 8.5% |
| 5 Years | +7.25 | 1.04 | 103.1% | 94.4% | 16.3% | 9.0% |
| 7 Years | +6.31 | 0.98 | 98.8% | 92.1% | 18.7% | 12.5% |
| 10 Years | +3.08 | 0.99 | 98.2% | 94.3% | 14.2% | 11.2% |
| 12 Years | +4.07 | 0.99 | 99.1% | 94.2% | 14.0% | 10.0% |
| 15 Years | +3.17 | 0.99 | 99.1% | 94.2% | 11.1% | 7.9% |
66
Total Holdings
29.9%
Top 10 Weight
26
Sectors
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 5.52% |
| 2 | Mtar Technologies Limited | 3.80% |
| 3 | HDFC Bank Limited | 3.33% |
| 4 | Reliance Industries Limited | 2.81% |
| 5 | InterGlobe Aviation Limited | 2.50% |
| 6 | GE Vernova T&D India Limited | 2.47% |
| 7 | ICICI Prudential AMC Ltd | 2.39% |
| 8 | Hindustan Aeronautics Limited | 2.36% |
| 9 | Bharat Electronics Limited | 2.35% |
| 10 | Larsen & Toubro Limited | 2.33% |