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HSBC Business Cycles Fund - Direct IDCW
Open Ended Schemes(Equity Scheme - Sectoral/ Thematic)Very High Risk★★★★★ISIN INF917K01RK8
NAV · 06-Jul-2026
₹27.5928
1M
+5.19%
6M
+1.87%
1Y (CAGR)
-10.36%
3Y (CAGR)
+9.15%
5Y (CAGR)
—
Since inception (CAGR)
+10.80%
NAV history
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Risk & SIP analytics
Q4 · 3Y in categoryVolatility (3y)
19.83%
Downside dev (3y)
18.58%
Max drawdown (3y)
-28.1%
Sharpe (3y)
0.13
SIP XIRR (3y)
+3.16%
Calendar-year returns
2023 +25.1%2024 +27.0%2025 -9.4%
Fund facts
Fund managerGautam Bhupal · Mayank Chaturvedi
AUM₹11,422 Cr
Expense ratio0.88% · 2026-05-31
TER · AMFI officialDirect 1.15% · Regular 2.33% (2026-06-30)
Launch date30-Jul-2014
Plan typeOpen Ended · Equity
Min lumpsum₹5,000
Min SIP₹500
Lock-inNone
Volatility18.87
AMCHSBC Asset Management (India) Private Ltd.
Objective · The investment objective of the Scheme is to seek to generate long-term capital appreciation from a portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The Scheme could also additionally invest in Foreign Securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
scheme documents ↗