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Sectoral / Thematic · HSBC Mutual Fund · AMFI code 151145HSBC Business Cycles Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹554 Cr
down ₹18.2 Cr vs Nov 2022
- Stocks held
- 47
- down 1 vs Nov 2022
- Top 10 weight
- 41.1%
- of the portfolio in its ten largest
- Cash & debt
- 3.6%
- cash, money market and debt
- Moves this month
- 5 in · 6 out
- added to 10, trimmed 25
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In December 2022 it disclosed 47 stocks worth ₹554 Cr, down ₹18.2 Cr from Nov 2022. Its largest positions were ICICI Bank Limited (8.0%), HDFC Bank Limited (6.8%), State Bank of India (4.6%); the ten largest together made up 41.1% of the portfolio, and Banks was the biggest sector at 24.2% of its equity. Cash and debt stood at 3.6%. Compared with Nov 2022 the fund entered 5 new stocks and exited 6.
Against 226 other Sectoral / Thematic funds
Concentration
38%
Top-10 weight is higher than 38% of peers
Breadth
59%
Holds more stocks than 59% of peers
Cash
54%
Holds more cash than 54% of peers
Holdings in December 2022
Download CSVEvery line the fund disclosed, with the change against Nov 2022. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.04%
- Δ weight
- down 1.28 pts
- Value
- ₹44.5 Cr
- Δ value
- down ₹8.8 Cr
- Status
- Trimmed
- Weight
- 6.82%
- Δ weight
- up 0.30 pts
- Value
- ₹37.8 Cr
- Δ value
- up ₹46 L
- Status
- Added
- Weight
- 4.63%
- Δ weight
- up 0.23 pts
- Value
- ₹25.7 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 4.13%
- Δ weight
- up 0.15 pts
- Value
- ₹22.9 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 3.92%
- Δ weight
- down 0.15 pts
- Value
- ₹21.7 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 3.58%
- Δ weight
- down 1.22 pts
- Value
- ₹19.8 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 2.93%
- Δ weight
- up 0.28 pts
- Value
- ₹16.2 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 2.79%
- Δ weight
- down 0.23 pts
- Value
- ₹15.5 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 2.65%
- Δ weight
- down 1.06 pts
- Value
- ₹14.7 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 2.61%
- Δ weight
- down 0.14 pts
- Value
- ₹14.5 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.53%
- Δ weight
- down 0.08 pts
- Value
- ₹14 Cr
- Δ value
- down ₹91 L
- Status
- Trimmed
- Weight
- 2.46%
- Δ weight
- up 0.04 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 2.39%
- Δ weight
- down 0.21 pts
- Value
- ₹13.3 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 2.36%
- Δ weight
- up 0.28 pts
- Value
- ₹13.1 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 2.35%
- Δ weight
- up 0.13 pts
- Value
- ₹13 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 2.29%
- Δ weight
- up 0.13 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 2.26%
- Δ weight
- down 0.77 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹4.8 Cr
- Status
- Trimmed
- Weight
- 2.26%
- Δ weight
- up 0.67 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 2.18%
- Δ weight
- up 2.18 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹12.1 Cr
- Status
- New
- Weight
- 1.93%
- Δ weight
- down 0.02 pts
- Value
- ₹10.7 Cr
- Δ value
- down ₹48 L
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- down 0.07 pts
- Value
- ₹10.7 Cr
- Δ value
- down ₹74 L
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- up 0.04 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.11 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.02 pts
- Value
- ₹9.2 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- down 0.17 pts
- Value
- ₹9 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 1.57%
- Δ weight
- down 0.05 pts
- Value
- ₹8.7 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 1.53%
- Δ weight
- up 0.02 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- up 0.06 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.12 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 1.36%
- Δ weight
- up 0.02 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- up 0.02 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- up 0.01 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- down 0.03 pts
- Value
- ₹7.1 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- up 1.26 pts
- Value
- ₹7 Cr
- Δ value
- up ₹7 Cr
- Status
- New
- Weight
- 1.24%
- Δ weight
- down 0.02 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.10 pts
- Value
- ₹6.8 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 1.18%
- Δ weight
- up 0.08 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 1.12 pts
- Value
- ₹6.2 Cr
- Δ value
- up ₹6.2 Cr
- Status
- New
- Weight
- 1.10%
- Δ weight
- down 0.01 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- up 1.05 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹5.8 Cr
- Status
- New
- Weight
- 1.04%
- Δ weight
- up 0.43 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.98 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹5.4 Cr
- Status
- New
- Weight
- 0.93%
- Δ weight
- down 0.01 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.03 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- up 0.01 pts
- Value
- ₹4.6 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up 0.03 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.68%
- Δ weight
- up 0.03 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.59%
- Δ weight
- up 0.31 pts
- Value
- ₹3.2 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
What changed, Nov 2022 to Dec 2022
New New positions (5)
- GMM Pfaudler Limited2.2% · ₹12.1 Cr
- Bharat Electronics Limited1.3% · ₹7 Cr
- H.G. Infra Engineering Limited1.1% · ₹6.2 Cr
- Motherson Sumi Wiring India Limited1.1% · ₹5.8 Cr
- Multi Commodity Exchange of India Limited1.0% · ₹5.4 Cr
Exited Exited (6)
- Jindal Steel & Power Limitedwas 1.3% · ₹7.4 Cr
- Deepak Nitrite Limitedwas 1.0% · ₹6 Cr
- Godrej Properties Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Nov 2022, the weight rose most in Industrial Manufacturing (+1.6 pts) and Auto Components (+1.3 pts), and fell most in Ferrous Metals (−1.4 pts) and Chemicals & Petrochemicals (−1.4 pts).
- Industrial Manufacturing1.6% → 3.2%+1.6 pts
- Auto Components3.6% → 5.0%+1.3 pts
- Aerospace & Defense0.0% → 1.3%new+1.3 pts
- Capital Markets0.0% → 1.0%new+1.0 pts
- Construction12.1% → 13.0%+0.9 pts
- Transport Services2.3% → 2.6%+0.3 pts
- Ferrous Metals1.4% → 0.0%exited−1.4 pts
- Chemicals & Petrochemicals3.8% → 2.5%−1.4 pts
- Industrial Products10.2% → 9.0%−1.2 pts
- Automobiles4.6% → 3.7%−0.9 pts
- Realty1.7% → 0.9%−0.8 pts
- Banks24.7% → 24.2%−0.5 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Nov 2022 | Dec 2022 |
|---|---|---|
| Banks | 24.7% | 24.2% |
| Construction | 12.1% | 13.0% |
| Industrial Products | 10.2% | 9.0% |
| Cement & Cement Products | 6.3% | 6.4% |
| Consumer Durables | 5.8% | 5.6% |
| Auto Components | 3.6% | 5.0% |
| Petroleum Products | 4.3% | 4.1% |
| Electrical Equipment | 4.3% | 4.0% |
| Automobiles | 4.6% | 3.7% |
| Retailing | 3.6% | 3.4% |
Allocation in Dec 2022change vs Nov 2022
- Banks (5)24.2%▼ 0.5 pts
- Construction (6)13.0%▲ 0.9 pts
- Industrial Products (4)9.0%▼ 1.2 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Dec 2022
3.6%
▼ 1.2 pts vs Nov 2022
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 3.6% – 4.8%
- lowest to highest · record 4.8% in Nov 2022
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.