Sharpe ratio
0.66Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+5.56%1Y Absolute Return
-0.18%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| HSBC Business Cycles Fund - Direct GrowthFund 3Y annualised return · 5Y history unavailable | ₹11,06,928 | ₹7,32,612 | ₹3,74,316 | +16.48% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.17
₹1 Lakh since launch₹1.17 Lakh
Fund age4.0 yrs
Fund information
Scheme code151142
ISININF917K01RI2
BenchmarkNIFTY 500 TRI
CategoryEquity Scheme - Sectoral/ Thematic
Expense ratio1.15%
Exit loadExit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Minimum SIP₹500 SIP
Return comparison
333rd / 932 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +55.31% | — | — |
| 3M | +1.84% | — | — |
| 6M | +15.69% | — | — |
| 1Y | +5.56% | — | +4.16% |
| 3Y | +16.48% | — | +12.54% |
| Since Launch | +17.07% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.90Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
18.27%How much the fund’s returns fluctuate over time.
High volatility
Returns can swing significantly.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.73How well the fund rewarded investors relative to its biggest decline.
Good
Good return relative to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Equity96.92%
Cash3.08%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 73 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 5.52% |
| MTAR Technologies Ltd | Industrials | Equity | 3.8% |
| Repo | Unspecified | Repo | 3.62% |
| HDFC Bank Ltd | Financial | Equity | 3.33% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.81% |
| Interglobe Aviation Ltd | Industrials | Equity | 2.5% |
| GE T&D India Ltd | Industrials | Equity | 2.47% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 2.39% |
| Hindustan Aeronautics Ltd | Industrials | Equity | 2.36% |
| Bharat Electronics Ltd | Industrials | Equity | 2.35% |
Fund management
MA
Mayank Chaturvedi
Since 2025 · Prior joining the HSBC AMC, he was associated with Equirus Securities Ltd.
Chartered Accountant (ICAI) CFA Level 2 (Charlottsville, USA) B.Com (Ahmedabad University)
GA
Gautam Bhupal
Since 2023 · Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)
Compare similar funds
No comparable category funds are available yet.
Summary
A very high-risk equity scheme - sectoral/ thematic fund. Ahead of its category average over 3Y by 3.9 points. Ranks 333 of 932 in its category over 1 year.
Strengths
- Ahead of its category average over 3Y by 3.9 points.
- Well spread out — top 10 holdings are only 30% of the portfolio.
Weaknesses
- None
Ideal investor
- Needs a 5–7+ years horizon to ride out its very high risk level.
- Good fit for SIPs — spreading purchases smooths out 18.3% volatility.
Risk drivers
- None