HSBC Business Cycles Fund
hsbc · Equity Scheme - Sectoral/ Thematic · AUM ₹1,101 cr · Book as of 2026-08
Holdings as of
Holdings: August 2026 · Returns updated 13 Sep 2026
Sectors
Equity 96.3% · Cash & others 3.7% · Total 100%
Banks
14.5%
Capital Markets
11%
Electrical Equipment
8%
Retailing
6.7%
Construction
5.7%
Industrial Products
5.5%
Consumer Durables
5.4%
Finance
5%
Other equity · 18 sectors
34.6%
Cash & others
3.7%
| ICICI Bank Limited | Banks | 5.62 | 69.07 | 0 | 0 | hold |
| MTAR Technologies Limited | Electrical Equipment | 3.37 | 41.49 | 0 | 0 | hold |
| HDFC Bank Limited | Banks | 2.85 | 35 | 0 | 0 | hold |
| InterGlobe Aviation Ltd. | Transport Services | 2.77 | 34.02 | 0 | 0 | hold |
| Reliance Industries Limited | Petroleum Products | 2.67 | 32.78 | 0 | 0 | hold |
| Hindustan Aeronautics Limited | Aerospace & Defense | 2.49 | 30.63 | 0 | 0 | hold |
| Bharat Electronics Limited | Aerospace & Defense | 2.27 | 27.95 | 0 | 0 | hold |
| RBL Bank Limited | Banks | 2.2 | 27.01 | 0 | 0 | hold |
| Larsen & Toubro Limited | Construction | 2.19 | 26.9 | 0 | 0 | hold |
| GE Vernova T&D India Limited | Electrical Equipment | 2.13 | 26.23 | 0 | 0 | hold |
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED | Capital Markets | 2.12 | 26.08 | 0 | 0 | hold |
| State Bank of India | Banks | 1.97 | 24.25 | 0 | 0 | hold |
| Kotak Mahindra Bank Limited | Banks | 1.88 | 23.13 | 0 | 0 | hold |
| UltraTech Cement Limited | Cement & Cement Products | 1.83 | 22.44 | 0 | 0 | hold |
| Multi Commodity Exchange of India Limited | Capital Markets | 1.83 | 22.44 | 0 | 0 | hold |
| PNB Housing Finance Limited | Finance | 1.82 | 22.35 | 0 | 0 | hold |
| PB Fintech Limited | Financial Technology (Fintech) | 1.82 | 22.34 | 0 | 0 | hold |
| APL Apollo Tubes Limited | Industrial Products | 1.81 | 22.23 | 0 | 0 | hold |
| TVS Motor Company Limited | Automobiles | 1.77 | 21.71 | 0 | 0 | hold |
| Eternal Limited | Retailing | 1.72 | 21.08 | 0 | 0 | hold |
| Motilal Oswal Financial Services Ltd. | Capital Markets | 1.7 | 20.86 | 0 | 0 | hold |
| Paradeep Phosphates Limited | Fertilizers & Agrochemicals | 1.69 | 20.82 | 0 | 0 | hold |
| Electronics Mart India Limited | Retailing | 1.55 | 18.99 | −4,00,000 | −7.22 | cut |
| Jyoti CNC Automation Ltd | Industrial Manufacturing | 1.5 | 18.43 | 0 | 0 | hold |
| Swiggy Limited | Retailing | 1.46 | 17.97 | 0 | 0 | hold |
| R R Kabel Limited | Industrial Products | 1.43 | 17.57 | 0 | 0 | hold |
| ABB India Ltd. | Electrical Equipment | 1.4 | 17.26 | 0 | 0 | hold |
| Piramal Finance Limited | Finance | 1.4 | 17.25 | 0 | 0 | hold |
| Ahluwalia Contracts (India) Ltd. | Construction | 1.38 | 17.02 | 0 | 0 | hold |
| Prudent Corporate Advisory Services Ltd. | Capital Markets | 1.35 | 16.53 | 0 | 0 | hold |
| Canara Robeco Asset Management Company Ltd | Capital Markets | 1.33 | 16.41 | 0 | 0 | hold |
| Time Technoplast Limited | Industrial Products | 1.25 | 15.42 | 0 | 0 | hold |
| Amber Enterprises India Limited | Consumer Durables | 1.24 | 15.24 | 0 | 0 | hold |
| GUJARAT FLUOROCHEMICALS LIMITED | Chemicals & Petrochemicals | 1.21 | 14.83 | 0 | 0 | hold |
| Titan Company Limited | Consumer Durables | 1.2 | 14.8 | 0 | 0 | hold |
| Indo Count Industries Limited | Textiles & Apparels | 1.2 | 14.71 | 0 | 0 | hold |
| FSN E-Commerce Ventures Limited | Retailing | 1.19 | 14.68 | 0 | 0 | hold |
| Nippon Life India Asset Management Limited | Capital Markets | 1.14 | 14.07 | 0 | 0 | hold |
| Gokaldas Exports Limited | Textiles & Apparels | 1.12 | 13.78 | 0 | 0 | hold |
| Maruti Suzuki India Limited | Automobiles | 1.1 | 13.55 | 0 | 0 | hold |
| STERLITE TECHNOLOGIES LIMITED | Telecom - Equipment & Accessories | 1.09 | 13.36 | 0 | 0 | hold |
| Pine Labs Limited | Financial Technology (Fintech) | 1.09 | 13.36 | 0 | 0 | hold |
| Power Mech Projects Ltd. | Construction | 1.09 | 13.4 | 0 | 0 | hold |
| Titagarh Rail Systems Ltd. | Industrial Manufacturing | 1.07 | 13.16 | 0 | 0 | hold |
| Mold Tek Packaging Ltd | Industrial Products | 1.05 | 12.96 | 0 | 0 | hold |
| Blue Star Limited | Consumer Durables | 1.04 | 12.82 | 0 | 0 | hold |
| INDIAN HUME PIPE COMPANY LIMITED | Construction | 1.03 | 12.69 | 0 | 0 | hold |
| Shadowfax Technologies Limited | Transport Services | 1.02 | 12.51 | 0 | 0 | hold |
| Hindalco Industries Limited | Non - Ferrous Metals | 0.99 | 12.14 | −50,000 | −5.08 | cut |
| Tata Motors Ltd | Agricultural, Commercial & Construction Vehicles | 0.96 | 11.78 | 0 | 0 | hold |
| Billionbrains Garage Ventures Ltd | Capital Markets | 0.95 | 11.68 | 0 | 0 | hold |
| HOME FIRST FINANCE CO INDIA | Finance | 0.94 | 11.57 | 0 | 0 | hold |
| Wakefit Innovations Limited | Consumer Durables | 0.88 | 10.8 | 0 | 0 | hold |
| Sobha Ltd. | Realty | 0.84 | 10.32 | 0 | 0 | hold |
| Cholamandalam Investment And Finance Company Ltd. | Finance | 0.8 | 9.84 | 0 | 0 | hold |
| Lenskart Solutions Limited | Retailing | 0.75 | 9.16 | 0 | 0 | hold |
| Devyani International Limited | Leisure Services | 0.73 | 9.01 | 0 | 0 | hold |
| Kajaria Ceramics Limited | Consumer Durables | 0.68 | 8.38 | 0 | 0 | hold |
| Diamond Power Infrastructure Limited | Electrical Equipment | 0.64 | 7.85 | 0 | 0 | hold |
| Dhoot Transmission Ltd. | Auto Components | 0.6 | 7.37 | +50,000 | +7.37 | new |
| OPTIEMUS INFRACOM LIMITED | Telecom - Equipment & Accessories | 0.55 | 6.7 | 0 | 0 | hold |
| Pitti Engineering Ltd. | Industrial Manufacturing | 0.53 | 6.56 | 0 | 0 | hold |
| HDFC Asset Management Company Ltd. | Capital Markets | 0.53 | 6.56 | 0 | 0 | hold |
| JSW Steel Limited | Ferrous Metals | 0.53 | 6.54 | 0 | 0 | hold |
| AMARA RAJA ENERGY MOB LTD. | Auto Components | 0.44 | 5.36 | 0 | 0 | hold |
| Ganesha Ecosphere Ltd. | Textiles & Apparels | 0.37 | 4.59 | 0 | 0 | hold |
| Bharat Bijlee Limited | Electrical Equipment | 0.34 | 4.21 | 0 | 0 | hold |
| PG Electroplast Limited | Consumer Durables | 0.32 | 3.92 | 0 | 0 | hold |
| Awfis Space Solutions Limited | Commercial Services & Supplies | 0.32 | 3.88 | 0 | 0 | hold |
| Apar Industries Limited | Electrical Equipment | 0.14 | 1.67 | +941 | +1.67 | new |