HSBC Business Cycles Fund - IDCW

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Scheme Objective

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.

Scheme Details

Fund manager(s) – Sonal Gupta , Gautam Bhupal
Launch date – 20-Aug-2014
Expense ratio – 2.22% as declared on 30-Sep-2025 (category average is 2.12%)
Benchmark - Nifty 500 TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

HSBC Business Cycles Fund - IDCW charges 1.0% of sell value; if fund sold before 365 days. There are no other charges.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

1117.47

0.00

0.00%

Sep - 2025	1117.47	0.00%
Aug - 2025	1091.90	0.00%
Jul - 2025	1124.01	0.00%
Jun - 2025	1153.14	0.00%
May - 2025	1077.95	0.00%
Apr - 2025	997.92	0.00%
Mar - 2025	967.37	0.00%
Feb - 2025	854.89	0.00%
Jan - 2025	958.69	0.00%

2024

1035.50

0.00

0.00%

Dec - 2024	1035.50	0.00	0.00%
Nov - 2024	1016.25	0.00	0.00%
Oct - 2024	995.40	0.00	0.00%
Sep - 2024	1003.45	0.00	0.00%
Aug - 2024	976.93	0.00	0.00%
Jul - 2024	953.19	0.00	0.00%
Jun - 2024	924.81	0.00	0.00%
May - 2024	856.13	332799.42	0.26%
Apr - 2024	833.40	310216.11	0.27%
Mar - 2024	764.45	294067.45	0.26%
Feb - 2024	770.16	284307.77	0.27%
Jan - 2024	741.89	267953.19	0.28%

2023

707.64

255901.49

0.28%

Dec - 2023	707.64	255901.49	0.28%
Nov - 2023	675.09	234412.57	0.29%
Oct - 2023	620.38	216198.17	0.29%
Sep - 2023	639.10	217772.16	0.29%
Aug - 2023	633.40	209306.98	0.30%
Jul - 2023	643.41	204388.31	0.31%
Jun - 2023	607.49	193871.64	0.31%
May - 2023	590.28	185597.81	0.32%
Apr - 2023	566.37	178010.71	0.32%
Mar - 2023	542.17	171836.03	0.32%
Feb - 2023	535.90	167436.63	0.32%
Jan - 2023	539.99	166554.89	0.32%

2022

553.96

167608.09

0.33%

Dec - 2022	553.96	167608.09	0.33%
Nov - 2022	572.16	172528.96	0.33%
Oct - 2022	566.86	166705.18	0.34%
Sep - 2022	553.90	157738.78	0.35%
Aug - 2022	570.11	156463.28	0.36%
Jul - 2022	544.29	152963.27	0.36%
Jun - 2022	487.94	140454.87	0.35%
May - 2022	519.42	145456.40	0.36%
Apr - 2022	544.80	148233.23	0.37%
Mar - 2022	553.62	147952.10	0.37%
Feb - 2022	537.05	141958.74	0.38%
Jan - 2022	566.00	144634.29	0.39%

2021

568.54

145331.60

0.39%

Dec - 2021	568.54	145331.60	0.39%
Nov - 2021	559.62	138109.60	0.41%
Oct - 2021	580.37	138049.48	0.42%
Sep - 2021	574.14	135487.80	0.42%
Aug - 2021	567.05	130063.32	0.44%
Jul - 2021	553.30	122998.72	0.45%
Jun - 2021	545.66	113966.58	0.48%
May - 2021	546.21	108995.82	0.50%
Apr - 2021	518.41	101180.94	0.51%
Mar - 2021	525.48	97890.77	0.54%
Feb - 2021	527.41	95056.43	0.55%
Jan - 2021	483.67	88774.68	0.54%

2020

517.73

87074.79

0.59%

Dec - 2020	517.73	87074.79	0.59%
Nov - 2020	524.06	78410.56	0.67%
Oct - 2020	480.46	71179.12	0.67%
Sep - 2020	491.44	68093.54	0.72%
Aug - 2020	504.47	68601.85	0.74%
Jul - 2020	491.93	65177.73	0.75%
Jun - 2020	481.06	62364.34	0.77%
May - 2020	448.30	58108.50	0.77%
Apr - 2020	473.66	58981.31	0.80%
Mar - 2020	426.79	51838.98	0.82%
Feb - 2020	624.64	66675.46	0.94%
Jan - 2020	671.21	68411.85	0.98%

Tax Rate

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Contact Details

HSBC Asset Management (India) Private Ltd.

9-11 Floors, NESCO IT Park, Building no. 3, Western Express Highway, Goregaon (East) Mumbai 400063
Tel no.: 022-66145000
Fax no.: 022-40029600
Website.: https://www.assetmanagement.hsbc.co.in

Forum

NITINPIMPALE
MF Investment Help
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15 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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27 days ago

View more

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The Fixed Income
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8 hrs ago

Build Steady Wealth with a Trusted PSU Bond! 9.35% TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED 2033 ✔️ Coupon: 9.35% ✔️ Rating: India Ratings AA(CE) Stable, Acuite (SMERA) AA(CE) Stable ✔️ Tenor: 8y 2m (Maturity: 30/Dec/2033) Enjoy the dual benefits of strong credit quality and high fixed returns. Senior Secured | PSU Bond | High Return Bond | Listed ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVl3PT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2033?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Build Steady Wealth with a Trusted PSU Bond! 9.35% TELANGANA STATE INDUSTRIAL INFRASTRUCTURE CORPORATION LIMITED 2033 ✔️ Coupon: 9.35% ✔️ Rating: India Ratings AA(CE) Stable, Acuite (SMERA) AA(CE) Stable ✔️ Tenor: 8y 2m (Maturity: 30/Dec/2033) Enjoy the dual benefits of strong credit quality and high fixed returns. Senior Secured | PSU Bond | High Return Bond | Listed ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dVJldVl3PT0=/935-telangana-state-industrial-infrastructure-corporation-limited-2033?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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77 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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90 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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127 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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