Get App Open
In App
Credit Cards
Open App
Loans
you are here:

HSBC Business Cycles Fund - Growth

  • Regular
  • Direct
Category : Sectoral/Thematic
Fund House : L&T Mutual Fund
Portfolio Turnover Ratio : 17.00%. Category average turnover ratio is 154.05%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 93.70% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 93.70%
No of Stocks : 65 (Category Avg - 44.44) | Large Cap Investments : 22.39%| Mid Cap Investments : 15.04% | Small Cap Investments : 32.67% | Other : 23.6%

Portfolio Summary (as on 31st Aug,2025)

Particulars This Scheme Category
No. of Stocks 65 43.27
Top 5 Stock Weight 24.18% 33.08%
Top 10 Stock Weight 36.2% 50.26%
Top 3 Sector Weight 25.9% 44.06%
Particulars This Scheme Category
Average mcap (Cr) 76619.55 75015.38
Holdings in large cap stocks 22.39% 38.36%
Holdings in mid cap stocks 15.04% 14.77%
Holdings in small cap stocks 32.67% 13.31%

Top 10 Stocks holding in Portfolio (as on 31st Aug,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Private sector bank 594.1 5.44% -0.16% 6.08% (Apr 2025) 5.26% (Dec 2024) 4.25 L 0.00
Reliance Industries Ltd. Refineries & marketing 545.2 4.99% 0.02% 5.66% (Apr 2025) 3.41% (Dec 2024) 4.02 L 0.00
Multi Commodity Exchange Of India Ltd. Exchange and data platform 525.4 4.81% -0.06% 6.17% (Oct 2024) 4.81% (Aug 2025) 71.10 k 0.00
Trent Limited Speciality retail 506.9 4.64% 0.37% 8.08% (Sep 2024) 4.27% (Jul 2025) 95.68 k 0.00
HDFC Bank Ltd. Private sector bank 469.7 4.30% -0.13% 5% (Feb 2025) 3.31% (Dec 2024) 4.94 L 2.47 L
Hindustan Aeronautics Ltd. Aerospace & defense 276.4 2.53% 0.21% 2.53% (Aug 2025) 0% (Sep 2024) 63.80 k 6.30 k
Power Mech Projects Ltd. Civil construction 272.8 2.50% -0.02% 3.04% (Sep 2024) 1.91% (Feb 2025) 90.80 k 0.00
Swiggy Ltd. E-retail/ e-commerce 261.2 2.39% 0.10% 2.39% (Aug 2025) 0% (Sep 2024) 6.38 L 0.00
Ahluwalia Contracts (India) Ltd. Civil construction 253 2.32% -0.18% 3.14% (Sep 2024) 2.08% (Feb 2025) 2.75 L 0.00
Bharat Electronics Ltd. Aerospace & defense 249.1 2.28% -0.02% 3.11% (Mar 2025) 2.12% (Apr 2025) 6.74 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.

Complete equity Portfolio (as on 31st Aug,2025)

Help me understand this table
Stock Invested in
Sector
Sector Total
Value(Mn)
% of Total Holdings
1M Change
1Y Highest Holding
1Y Lowest Holding
Quantity
1M Change in Qty
M-Cap
GroupName
ICICI Bank Ltd. Private sector bank 11.72 594.1 5.44% -0.16% 6.08% (Apr 2025) 5.26% (Dec 2024) 4.25 L 0.00 Large Cap 22.39
Reliance Industries Ltd. Refineries & marketing 4.99 545.2 4.99% 0.02% 5.66% (Apr 2025) 3.41% (Dec 2024) 4.02 L 0.00 Large Cap 22.39
Multi Commodity Exchange Of India Ltd. Exchange and data platform 4.81 525.4 4.81% -0.06% 6.17% (Oct 2024) 4.81% (Aug 2025) 71.10 k 0.00 Small Cap 32.67
Trent Limited Speciality retail 5.38 506.9 4.64% 0.37% 8.08% (Sep 2024) 4.27% (Jul 2025) 95.68 k 0.00 Mid Cap 15.04
HDFC Bank Ltd. Private sector bank 11.72 469.7 4.30% -0.13% 5% (Feb 2025) 3.31% (Dec 2024) 4.94 L 2.47 L Other 23.6
Hindustan Aeronautics Ltd. Aerospace & defense 4.81 276.4 2.53% 0.21% 2.53% (Aug 2025) 0% (Sep 2024) 63.80 k 6.30 k Other 23.6
Power Mech Projects Ltd. Civil construction 8.8 272.8 2.50% -0.02% 3.04% (Sep 2024) 1.91% (Feb 2025) 90.80 k 0.00 Small Cap 32.67
Swiggy Ltd. E-retail/ e-commerce 4.24 261.2 2.39% 0.10% 2.39% (Aug 2025) 0% (Sep 2024) 6.38 L 0.00 Other 23.6
Ahluwalia Contracts (India) Ltd. Civil construction 8.8 253 2.32% -0.18% 3.14% (Sep 2024) 2.08% (Feb 2025) 2.75 L 0.00 Small Cap 32.67
Bharat Electronics Ltd. Aerospace & defense 4.81 249.1 2.28% -0.02% 3.11% (Mar 2025) 2.12% (Apr 2025) 6.74 L 0.00 Mid Cap 15.04
Ultratech Cement Ltd. Cement & cement products 2.92 247.7 2.27% 0.13% 2.35% (Jan 2025) 2.04% (May 2025) 19.60 k 0.00 Large Cap 22.39
Mangalore Chemicals & Fertilisers Ltd. Fertilisers-nitrogenous 2.25 245.7 2.25% 0.01% 2.3% (Apr 2025) 1.33% (Sep 2024) 7.11 L 0.00 Small Cap 32.67
Larsen & Toubro Ltd. Civil construction 8.8 239.5 2.19% 0.04% 3.04% (Jan 2025) 2.12% (Jun 2025) 66.50 k 0.00 Large Cap 22.39
Power Finance Corporation Ltd. Financial institution 2.64 229 2.10% -0.10% 2.94% (Nov 2024) 1.91% (Sep 2024) 6.03 L 0.00 Mid Cap 15.04
Kotak Mahindra Bank Ltd. Private sector bank 11.72 216.2 1.98% 0.04% 2.48% (Mar 2025) 0% (Sep 2024) 1.10 L 0.00 Large Cap 22.39
PB Fintech Ltd. Financial technology (fintech) 1.93 211 1.93% 0.01% 3.04% (Dec 2024) 1.88% (Jun 2025) 1.19 L 0.00 Other 23.6
Eternal Ltd. E-retail/ e-commerce 4.24 201.7 1.85% 0.09% 1.85% (Aug 2025) 0% (Sep 2024) 6.43 L 0.00 Other 23.6
Kirloskar Pneumatic Co. Ltd. Compressors, pumps & diesel engines 1.79 195.9 1.79% -0.10% 2.8% (Nov 2024) 1.79% (Aug 2025) 1.61 L 0.00 Small Cap 32.67
Time Technoplast Ltd. Plastic products - industrial 1.72 188.2 1.72% 0.01% 1.96% (Dec 2024) 1.39% (Apr 2025) 4.12 L 0.00 Small Cap 32.67
State Bank Of India Public sector bank 2.14 183.6 1.68% 0.06% 1.89% (Nov 2024) 1.62% (Jul 2025) 2.29 L 0.00 Large Cap 22.39
Blue Star Ltd. Household appliances 2.84 164.8 1.51% 0.16% 2.69% (Feb 2025) 1.35% (Jul 2025) 87.60 k 0.00 Small Cap 32.67
GE T&D India Ltd. Heavy electrical equipment 5.22 164 1.50% 0.07% 1.5% (Aug 2025) 0.92% (Feb 2025) 59.00 k 0.00 Small Cap 32.67
TVS Motor Company Ltd. 2/3 wheelers 1.54 163.8 1.50% 0.25% 1.5% (Aug 2025) 1.14% (Dec 2024) 50.00 k 0.00 Mid Cap 15.04
ABB India Ltd. Heavy electrical equipment 5.22 163 1.49% -0.11% 2.62% (Sep 2024) 1.49% (Aug 2025) 32.60 k 0.00 Large Cap 22.39
Aditya Birla Real Estate Ltd. Paper & paper products 1.4 152.8 1.40% -0.06% 2.48% (Sep 2024) 1.4% (Aug 2025) 87.30 k 0.00 Mid Cap 15.04
Amber Enterprises India Ltd. Household appliances 2.84 145.4 1.33% -0.33% 1.75% (Mar 2025) 1.13% (Sep 2024) 20.00 k -3.50 k Small Cap 32.67
Mold-Tek Packaging Ltd. Packaging 1.31 143.3 1.31% 0.22% 1.31% (Aug 2025) 0% (Sep 2024) 1.83 L 35.70 k Small Cap 32.67
Motilal Oswal Financial Services Ltd. Stockbroking & allied 1.7 141.5 1.30% -0.04% 1.34% (Jul 2025) 0% (Sep 2024) 1.65 L 0.00 Small Cap 32.67
Jyoti CNC Automation Ltd. Industrial products 2.9 141.4 1.30% 0.88% 1.3% (Aug 2025) 0% (Sep 2024) 1.55 L 1.09 L Other 23.6
Epigral Ltd. Specialty chemicals 2.26 138.3 1.27% -0.10% 1.74% (Sep 2024) 1.2% (Jun 2025) 76.35 k 0.00 Other 23.6
KEC International Ltd. Heavy electrical equipment 5.22 128.9 1.18% -0.04% 1.85% (Dec 2024) 1.12% (Apr 2025) 1.60 L 0.00 Small Cap 32.67
- TBO TEK Ltd. Tour, travel related services 1.11 120.7 1.11% 0.00% 1.12% (Jun 2025) 0% (Sep 2024) 92.30 k 0.00 Other 23.6
Indian Hume Pipe Co. Ltd. Industrial products 2.9 119.9 1.10% -0.11% 1.64% (Sep 2024) 1.1% (Aug 2025) 3.33 L 0.00 Small Cap 32.67
Gokaldas Exports Ltd. Garments & apparels 1.09 118.8 1.09% -0.24% 1.93% (Dec 2024) 1.09% (Aug 2025) 1.77 L 0.00 Small Cap 32.67
PNB Housing Finance Ltd. Housing finance company 1.07 116.5 1.07% -0.29% 1.56% (Apr 2025) 0.47% (Sep 2024) 1.55 L 0.00 Mid Cap 15.04
Suzlon Energy Ltd. Heavy electrical equipment 5.22 115.1 1.05% -0.07% 1.35% (May 2025) 0.84% (Oct 2024) 20.40 L 0.00 Small Cap 32.67
Devyani International Ltd. Restaurants 1.04 113.1 1.04% 0.10% 1.04% (Aug 2025) 0% (Sep 2024) 6.49 L 0.00 Other 23.6
Gujarat Fluorochemicals Ltd. Specialty chemicals 2.26 107.9 0.99% -0.02% 1.37% (Oct 2024) 0.99% (Aug 2025) 31.60 k 0.00 Other 23.6
Titan Company Ltd. Gems, jewellery and watches 0.96 105.2 0.96% 0.10% 1.11% (Sep 2024) 0.86% (Jul 2025) 29.00 k 0.00 Large Cap 22.39
EIH Ltd Hotels & resorts 0.96 104.6 0.96% 0.08% 1.06% (Dec 2024) 0.84% (Jun 2025) 2.62 L 0.00 Mid Cap 15.04
Hindalco Industries Ltd. Aluminium 0.93 101.8 0.93% 0.05% 1.09% (Sep 2024) 0.84% (Dec 2024) 1.45 L 0.00 Large Cap 22.39
Bansal Wire Industries Ltd. Iron & steel products 0.82 89.1 0.82% -0.06% 1.12% (Nov 2024) 0.82% (Aug 2025) 2.50 L 0.00 Other 23.6
Kajaria Ceramics Ltd. Ceramics 0.78 85.5 0.78% 0.04% 1.03% (Sep 2024) 0.57% (Apr 2025) 70.70 k 0.00 Small Cap 32.67
# Electronics Mart lndia Ltd. Speciality retail 5.38 81.2 0.74% 0.74% 0.74% (Aug 2025) 0% (Sep 2024) 6.49 L 6.49 L Other 23.6
Brigade Enterprises Ltd. Residential, commercial projects 0.72 78.7 0.72% -0.04% 1.41% (Sep 2024) 0.72% (Aug 2025) 85.21 k 0.00 Small Cap 32.67
Cholamandalam Investment & Finance Co. Ltd. Non banking financial company (nbfc) 0.69 75.3 0.69% 0.01% 0.87% (Feb 2025) 0.61% (Dec 2024) 53.00 k 0.00 Other 23.6
Indo Count Industries Ltd. Other textile products 1.21 72.3 0.66% -0.10% 0.97% (Feb 2025) 0% (Sep 2024) 3.13 L 0.00 Small Cap 32.67
Birla Corporation Ltd. Cement & cement products 2.92 71.1 0.65% -0.03% 0.97% (Sep 2024) 0.6% (Apr 2025) 56.82 k 0.00 Small Cap 32.67
NCC Ltd. Civil construction 8.8 68.7 0.63% -0.02% 1.02% (Nov 2024) 0.63% (Aug 2025) 3.36 L 0.00 Small Cap 32.67
Sterling and Wilson Solar Private Ltd. Civil construction 8.8 66.6 0.61% -0.03% 1.5% (Oct 2024) 0.61% (Aug 2025) 2.56 L 0.00 Other 23.6
Aegis Logistics Ltd. Trading - gas 0.59 64 0.59% -0.02% 2.58% (Nov 2024) 0.59% (Aug 2025) 95.20 k 0.00 Small Cap 32.67
Motherson Sumi Wiring India Ltd. Auto components & equipments 1.12 62.3 0.57% 0.07% 0.71% (Sep 2024) 0.5% (Jul 2025) 15.00 L 0.00 Other 23.6
Ganesha Ecosphere Ltd. Other textile products 1.21 59.8 0.55% -0.04% 0.61% (Nov 2024) 0.37% (May 2025) 44.90 k 0.00 Small Cap 32.67
- PNC Infratech Ltd. Civil construction 8.8 59.6 0.55% 0.00% 0.87% (Sep 2024) 0.51% (Mar 2025) 1.96 L 0.00 Small Cap 32.67
Amara Raja Batteries Limited Auto components & equipments 1.12 59.5 0.55% 0.03% 0.85% (Sep 2024) 0.5% (Jun 2025) 60.10 k 0.00 Mid Cap 15.04
Rural Electrification Corporation Limited Financial institution 2.64 58.5 0.54% -0.05% 0.92% (Sep 2024) 0.54% (Aug 2025) 1.67 L 0.00 Mid Cap 15.04
- Pitti Engineering Ltd. Industrial products 2.9 55 0.50% 0.00% 0.85% (Nov 2024) 0.5% (Aug 2025) 59.30 k 0.00 Small Cap 32.67
Bharat Bijlee Ltd. Other electrical equipment 0.48 52.9 0.48% 0.01% 0.48% (Aug 2025) 0.24% (May 2025) 17.80 k 0.00 Other 23.6
- Bank Of Baroda Public sector bank 2.14 50.5 0.46% 0.00% 0.55% (Oct 2024) 0.46% (Jul 2025) 2.17 L 0.00 Large Cap 22.39
IIFL Capital Services Ltd. Stockbroking & allied 1.7 44.1 0.40% -0.02% 0.57% (Oct 2024) 0.33% (Apr 2025) 1.49 L 0.00 Other 23.6
PG Electroplast Ltd. Consumer electronics 0.33 35.9 0.33% -0.16% 0.64% (Mar 2025) 0% (Sep 2024) 67.40 k 0.00 Other 23.6
Transformers & Rectifiers (India) Ltd. Power equipment 0.28 30.9 0.28% -0.01% 0.35% (Dec 2024) 0.2% (Sep 2024) 63.00 k 0.00 Small Cap 32.67
- Hi-Tech Pipes Ltd. Commodities 0.21 22.4 0.21% 0.00% 0.5% (Sep 2024) 0.21% (Jul 2025) 2.60 L 0.00 Other 23.6
# TVS Motor Company Ltd. - Preference Shares 2/3 wheelers 1.54 2 0.02% 0.00% 0% (Oct 2025) 0% (Oct 2025) 2.00 L 2.00 L Other 23.6
# TVS Motor Company Ltd. - Preference Shares 2/3 wheelers 1.54 2 0.02% 0.02% 0% (Oct 2025) 0% (Oct 2025) 2.00 L 2.00 L Other 23.6
BSE Ltd. Exchange and data platform 4.81 133 0.00% -1.18% - - - - Small Cap 32.67
- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Aug,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# TVS Motor Company Ltd. - Preference Shares 2/3 wheelers 2 0.02% 0.02% 0% (Oct 2025) 0% (Oct 2025) 2.00 L 200000
# Electronics Mart lndia Ltd. Speciality retail 81.2 0.74% 0.74% 0.74% (Aug 2025) 0% (Sep 2024) 6.49 L 649200

Stocks removed from Portfolio (in 1 month period ending 31st Aug,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
BSE Ltd. Exchange and data platform 133 0.00% -1.18% 1.99% (Mar 2025) 0% (Sep 2024) 0.00 -54800

Trend in stock holdings (Top 15 Holding)

Stock Aug 2025 Jul 2025 Jun 2025 May 2025 Apr 2025 Mar 2025 Feb 2025 Jan 2025 Dec 2024 Nov 2024 Oct 2024 Sep 2024 Aug 2024
Trent Limited 4.64% 4.27% 5.16% 5.01% 4.96% 5.27% 5.43% 5.74% 6.58% 6.73% 7.21% 8.08% 7.84%
ICICI Bank Ltd. 5.44% 5.60% 5.33% 5.70% 6.08% 5.92% 5.99% 5.55% 5.26% 5.44% 5.52% 5.39% 5.35%
Multi Commodity Exchange Of India Ltd. 4.81% 4.87% 5.51% 5.24% 5.26% 5.18% 5.51% 5.64% 5.68% 5.74% 6.17% 5.32% 5.00%
Reliance Industries Ltd. 4.99% 4.97% 5.23% 5.30% 5.66% 5.29% 5.64% 4.82% 3.41% 3.69% 3.63% 3.99% 4.19%
HDFC Bank Ltd. 4.30% 4.43% 4.28% 4.45% 4.76% 4.66% 5.00% 3.43% 3.31% 3.42% 3.37% 3.34% 3.24%
Bharat Electronics Ltd. 2.28% 2.30% 2.46% 2.41% 2.12% 3.11% 2.88% 3.05% 2.83% 3.03% 2.86% 2.84% 3.06%
Larsen & Toubro Ltd. 2.19% 2.15% 2.12% 2.27% 2.23% 2.95% 3.03% 3.04% 2.85% 3.00% 2.98% 3.00% 3.31%
Ahluwalia Contracts (India) Ltd. 2.32% 2.50% 2.42% 2.48% 2.34% 2.33% 2.08% 2.46% 2.72% 2.71% 2.92% 3.14% 3.62%
Power Mech Projects Ltd. 2.50% 2.52% 2.64% 2.62% 2.38% 2.55% 1.91% 2.04% 2.25% 2.53% 2.70% 3.04% 3.15%
PB Fintech Ltd. 1.93% 1.92% 1.88% 2.44% 2.43% 2.45% 2.55% 2.69% 3.04% 2.78% 2.55% 2.41% 2.71%
Power Finance Corporation Ltd. 2.10% 2.20% 2.24% 2.27% 2.46% 2.58% 2.57% 2.66% 2.61% 2.94% 2.30% 1.91% 2.21%
Aditya Birla Real Estate Ltd. 1.40% 1.46% 1.84% 1.76% 1.68% 1.77% 1.90% 1.96% 2.12% - - - -
Century Textile & Industries Ltd. - - - - - - - - - 2.36% 2.41% 2.48% 2.14%
Ultratech Cement Ltd. 2.27% 2.14% 2.06% 2.04% 2.29% 2.33% 2.32% 2.35% 2.16% 2.16% 2.18% 2.31% 2.27%
Kirloskar Pneumatic Co. Ltd. 1.79% 1.89% 1.98% 1.87% 1.82% 1.96% 1.88% 1.90% 2.39% 2.80% 2.68% 2.33% 2.34%
Blue Star Ltd. 1.51% 1.35% 1.70% 1.70% 2.05% 2.65% 2.69% 2.27% 2.47% 2.18% 2.25% 2.46% 2.09%
Name Type of Instrument Weight (%)
TREPS TREPS 5.42%
Net Receivables Net Receivables 0.90%

Forum

+ See More