Investment Objective and Approach

The HSBC Business Cycles Fund seeks to generate long-term capital appreciation from a portfolio of 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 fund follows a systematic investment approach built on three key foundations:

- Disciplined Research Framework: The fund uses fundamental research as the foundation of investment decision making process, focusing on companies with an attractive combination of profitability and valuation.

- Three-Stage Investment Process: The equity investment process comprises three stages - Stock selection, Stock analysis and Portfolio construction using a combination of quantitative and qualitative filters to arrive at a list of investable universe of stocks.

- Business Cycle Focus: Dynamic allocation between cyclical and defensive sectors and stocks at different stages of business cycles in the economy.

- Quality Parameters: Stock evaluation is done on the basis of three key parameters - Quality of Business, ESG and Valuation, looking to own scalable businesses with strong execution capability, proven management track record and strong financials.

Fund Managers

The HSBC Business Cycles Fund is managed by experienced fund managers with strong track records:

Sonal Gupta - Current Fund Manager of HSBC Business Cycles Fund Direct Growth fund. Ms. Gupta has done PGDM (IIM Bangalore), CFA and Bachelors in Mechanical Engineering. Prior to joining HSBC Mutual Fund, she has worked with L&T Investment Management Limited and UBS Securities India Private Limited, Fidelity Investments and PWC.

Venugopal Manghat - CIO – Equity at HSBC AMC. He was initially a member and Equity Research Analyst at the Mumbai Stock Exchange in 1993. His primary role was to identify investment opportunities in numerous industries. Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance). Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund, Tata Asset Management Ltd.

About the Fund House (AMC)

HSBC Asset Management India is a global asset manager with a rich heritage in investment management. Key highlights include:

Global Presence: As of end of September 2024, HSBC Asset Management managed USD 765 billion globally for a range of clients. The investment platform includes more than 660 professionals across 22 countries and territories, who perform in-depth due-diligence locally, and share their intellectual capital globally.

Established Track Record: HSBC has been providing investment management services since 1973. HSBC Mutual Fund India manages Indian equity and debt assets from last 20 years.

Indian Operations: HSBC AMC was incorporated on December 12, 2001, and HSBC Mutual Fund was established on May 27, 2002, with HSBC Securities and Capital Markets (India) Private Limited serving as the sponsor of HSBC AMC.

Investment Philosophy: The firm focuses on valuation, long-term risk-adjusted returns and fundamental research across all asset classes and strategies. They have built out significant resources to support teams of investment experts with sophisticated decision-making, analytics and risk management tools.

ESG Integration: The fund house incorporates environmental, social and governance (ESG) factors into investment decisions. In the investment process, Environmental Social Governance (ESG) analysis is incorporated alongside financial analysis to quantify a company's potential risks and returns over the longer-term.

Should I Invest in HSBC Business Cycles Fund?

The HSBC Business Cycles Fund may be suitable for investors who:

- Seek long-term capital appreciation through equity investments

- Want exposure to business cycle investing with dynamic sector allocation

- Are comfortable with thematic fund risks and market volatility

- Have investment horizon of at least 5-7 years

- Want to benefit from professional fund management with global expertise

Key Considerations:

- The HSBC Business Cycles Fund Direct Growth is rated Very High risk.

- The fund follows a thematic approach focusing on business cycles, which may result in concentrated sector exposure

- The 1-year, 3-year and 5-year returns of this fund were 2.52%, 21.22% and 25.64% respectively as of August 12, 2025

- The fund currently has an Asset Under Management (AUM) of ₹1,077.95 Cr as of 1st July 2025

Always consult with a financial advisor and read the scheme documents carefully before investing.

FAQs

What is today's NAV of HSBC Business Cycles Fund?

The latest declared NAV of HSBC Business Cycles Fund is ₹42.22 as of August 13, 2025. NAV changes daily based on market performance.

What is the AUM of HSBC Business Cycles Fund?

The fund currently has an Asset Under Management (AUM) of ₹1,077.95 Cr as of 1st July 2025.

What is the expense ratio of HSBC Business Cycles Fund?

The expense ratio of HSBC Business Cycles Fund is 2.22-2.24% as of July 2025. This covers fund management and administrative costs.

What are the returns of HSBC Business Cycles Fund since inception?

Over the past five years, HSBC Business Cycles Fund has delivered an annualised return of 25.55% as of August 13, 2025. Past performance doesn't guarantee future results.

What is the minimum SIP amount to invest in HSBC Business Cycles Fund?

The minimum SIP (Systematic Investment Plan) amount is ₹500. You can start investing with this small monthly amount.

How do I invest in HSBC Business Cycles Fund?

You can invest in HSBC Business Cycles Fund through Allvest platform online, directly from HSBC website, or through registered mutual fund distributors and banks.

How to start a SIP in HSBC Business Cycles Fund?

To start a SIP, register on Allvest platform, complete your KYC, select the fund, choose SIP amount (minimum ₹500) and set up auto-debit instructions.

How do I automate an SIP in HSBC Business Cycles Fund?

After starting your SIP on Allvest platform, provide bank mandate for auto-debit. The investment amount will be automatically debited monthly from your bank account.

How can I withdraw/redeem my investment in HSBC Business Cycles Fund?

You can redeem your investment online through Allvest platform or HSBC website. Note that 1% exit load will be charged for redemption within 1 year for units in excess of 10% of the investment.