Key metrics
Further reading: Why large-cap funds show deeper drawdowns than small caps
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -4.06% | -7.52% | -3.81% | -2.69% | -4.64% | 13.94% | – | – | – |
NAV history
About this fund
HSBC Business Cycles Fund is a sectoral/thematic equity fund offered by HSBC Mutual Fund, classified under Equity as Sectoral/Thematic - Business Cycle. Because it concentrates on one sector or theme, it typically shows larger price swings than diversified equity funds. Its latest NAV is ₹45.40, with assets under management of about ₹1,134 Cr (April - June 2026).
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Performance analysis
Over the trailing one year, HSBC Business Cycles Fund has recorded a return of about -4.6%, with a three-year return of 13.9%. Its annualised volatility is 16.9% — relatively large fluctuations — and its Sharpe ratio is -0.66, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.86%, deducted daily from the NAV.
Further reading: Reading a fund page: what each number does and doesn't say
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 20.66 | 9.46 | -8.28 | 59.50 | 82% | 48% |
| 3Y | 18.50 | 18.26 | 13.94 | 23.09 | 100% | 100% |
Further reading: Why a single trailing return misleads, measured across 830 funds
Frequently asked questions
Compare with peers
Further reading: Every fund measured against the best performer in its own category
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Axis Business Cycles Fund Sectoral/Thematic - Business Cycle | -6.64 | -4.45 | -2.05 | -3.68 | 11.49 | – | – | 1.11 |
| quant Business Cycle Fund Sectoral/Thematic - Business Cycle | -5.64 | -6.89 | -1.48 | -0.16 | 9.64 | – | – | 0.61 |
| Mahindra Manulife Business Cycle Fund Sectoral/Thematic - Business Cycle | -6.87 | -7.95 | -5.98 | -3.06 | 14.93 | – | – | 0.52 |
| Union Business Cycle Fund Sectoral/Thematic - Business Cycle | -5.98 | -5.11 | -2.41 | -4.15 | – | – | – | 1.03 |
| Sundaram Business Cycle Fund Sectoral/Thematic - Business Cycle | -10.16 | -5.67 | 0.81 | -6.97 | – | – | – | 0.50 |
| Edelweiss Business Cycle Fund Sectoral/Thematic - Business Cycle | -5.69 | -2.90 | -3.85 | -4.62 | – | – | – | 0.57 |
| Motilal Oswal Business Cycle Fund Sectoral/Thematic - Business Cycle | -8.78 | -3.33 | 4.90 | -9.13 | – | – | – | 0.84 |
| Bandhan Business Cycle Fund Sectoral/Thematic - Business Cycle | -4.62 | -5.22 | -3.90 | -8.26 | – | – | – | 0.57 |
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| HSBC Conservative Hybrid Fund Hybrid Scheme - Conservative Hybrid Fund | -2.04 | -2.60 | -0.64 | -0.01 | 8.28 | 6.99 | 7.66 | 1.00 |
| HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Other Scheme - FoF Overseas | -10.95 | -7.04 | -1.24 | 20.55 | 25.07 | 12.58 | 12.31 | 0.55 |
| HSBC Multi Asset Active FOF Other Scheme - FoF Domestic | -5.55 | -3.52 | -2.08 | 3.62 | 13.52 | 10.51 | 11.33 | 0.48 |
| HSBC Income Plus Arbitrage Active FOF Other Scheme - FoF Domestic | -0.04 | 0.67 | 2.23 | 4.53 | 7.43 | 6.13 | 6.38 | 0.13 |
| HSBC Aggressive Hybrid Active FOF Other Scheme - FoF Domestic | -5.36 | -3.06 | 0.49 | 0.70 | 10.91 | 9.14 | 11.24 | 0.20 |
| HSBC Large & Mid Cap Fund Equity Scheme - Large & Mid Cap Fund | -7.38 | -4.84 | 0.37 | 0.71 | 15.08 | 12.56 | – | 0.65 |
| HSBC Overnight Fund Debt Scheme - Overnight Fund | 0.43 | 1.28 | 2.58 | 5.26 | 6.03 | 5.77 | – | 0.05 |
| HSBC Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.24 | 1.44 | 3.09 | 6.32 | 7.14 | 6.56 | – | – |