About HSBC Business Cycles Fund
HSBC Business Cycles Fund is a sectoral / thematic fund managed by HSBC Mutual Fund. Invest in one sector (such as banking, IT or pharma) or a theme (such as consumption or infrastructure). Concentrated and higher risk; suited to investors with a view on that sector.
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.
The scheme's stated objective, as published by HSBC Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹49.3045 | 151142 |
| Direct | IDCW | ₹26.1437 | 151145 |
| Regular | Growth | ₹44.1013 | 151144 |
| Regular | IDCW | ₹23.3889 | 151143 |
Frequently asked questions
What is the NAV of HSBC Business Cycles Fund today?
The NAV of HSBC Business Cycles Fund (Direct plan, Growth) is ₹49.3045 and the Regular plan NAV is ₹44.1013, as of 13 Nov 2026.
What returns has HSBC Business Cycles Fund given?
Over the last year the Direct plan returned 5.55%, and 16.47% a year over 3 years. That places it 52 of 139 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of HSBC Business Cycles Fund?
The Direct plan charges 1.12% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in HSBC Business Cycles Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹5,000 or more.
How much has HSBC Business Cycles Fund fallen in the past?
Its deepest fall was 23.4% from 11 Dec 2024 to 3 Mar 2025. Of every one-year stretch in its history, 81% ended in a gain.
Which category does HSBC Business Cycles Fund belong to?
It is a Sectoral / Thematic Fund from HSBC Mutual Fund. Invest in one sector (such as banking, IT or pharma) or a theme (such as consumption or infrastructure). Concentrated and higher risk; suited to investors with a view on that sector.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from HSBC Business Cycles Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.