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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
₹540 Cr
down ₹14 Cr vs Dec 2022
- Stocks held
- 48
- up 1 vs Dec 2022
- Top 10 weight
- 40.7%
- of the portfolio in its ten largest
- Cash & debt
- 4.3%
- cash, money market and debt
- Moves this month
- 4 in · 3 out
- added to 10, trimmed 29
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In January 2023 it disclosed 48 stocks worth ₹540 Cr, down ₹14 Cr from Dec 2022. Its largest positions were HDFC Bank Limited (6.9%), ICICI Bank Limited (6.5%), State Bank of India (4.6%); the ten largest together made up 40.7% of the portfolio, and Banks was the biggest sector at 24.5% of its equity. Cash and debt stood at 4.3%. Compared with Dec 2022 the fund entered 4 new stocks and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
37%
Top-10 weight is higher than 37% of peers
Breadth
60%
Holds more stocks than 60% of peers
Cash
64%
Holds more cash than 64% of peers
Holdings in January 2023
Download CSVEvery line the fund disclosed, with the change against Dec 2022. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.90%
- Δ weight
- up 0.07 pts
- Value
- ₹37.2 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 6.55%
- Δ weight
- down 1.49 pts
- Value
- ₹35.4 Cr
- Δ value
- down ₹9.2 Cr
- Status
- Trimmed
- Weight
- 4.61%
- Δ weight
- down 0.02 pts
- Value
- ₹24.9 Cr
- Δ value
- down ₹76 L
- Status
- Trimmed
- Weight
- 4.32%
- Δ weight
- up 0.19 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.31%
- Δ weight
- up 0.73 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 3.72%
- Δ weight
- down 0.20 pts
- Value
- ₹20.1 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 3.30%
- Δ weight
- up 0.37 pts
- Value
- ₹17.8 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 3.08%
- Δ weight
- up 0.44 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 3.03%
- Δ weight
- up 0.24 pts
- Value
- ₹16.4 Cr
- Δ value
- up ₹90 L
- Status
- Added
- Weight
- 2.62%
- Δ weight
- up 0.32 pts
- Value
- ₹14.1 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.61%
- Δ weight
- up 0.08 pts
- Value
- ₹14.1 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 2.59%
- Δ weight
- up 0.23 pts
- Value
- ₹14 Cr
- Δ value
- up ₹92 L
- Status
- Added
- Weight
- 2.57%
- Δ weight
- up 0.11 pts
- Value
- ₹13.9 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 2.37%
- Δ weight
- down 0.24 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 2.36%
- Δ weight
- up 0.01 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 2.34%
- Δ weight
- up 0.16 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹58 L
- Status
- Added
- Weight
- 2.25%
- Δ weight
- down <0.01 pts
- Value
- ₹12.2 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 2.25%
- Δ weight
- down 0.01 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹39 L
- Status
- Trimmed
- Weight
- 2.19%
- Δ weight
- down 0.20 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- up 0.22 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 1.81%
- Δ weight
- down 0.11 pts
- Value
- ₹9.8 Cr
- Δ value
- down ₹86 L
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.25 pts
- Value
- ₹9.1 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.65%
- Δ weight
- down 0.09 pts
- Value
- ₹8.9 Cr
- Δ value
- down ₹73 L
- Status
- Trimmed
- Weight
- 1.60%
- Δ weight
- up 0.56 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.59%
- Δ weight
- down 0.04 pts
- Value
- ₹8.6 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 1.53%
- Δ weight
- down 0.04 pts
- Value
- ₹8.3 Cr
- Δ value
- down ₹46 L
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- up 0.06 pts
- Value
- ₹7.7 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- down 0.10 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹75 L
- Status
- Trimmed
- Weight
- 1.37%
- Δ weight
- down 0.15 pts
- Value
- ₹7.4 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 0.07 pts
- Value
- ₹7.4 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.36%
- Δ weight
- up 0.12 pts
- Value
- ₹7.4 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 1.33%
- Δ weight
- up 0.03 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- down 0.61 pts
- Value
- ₹7.1 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- down 0.08 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹64 L
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- up 0.02 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.12 pts
- Value
- ₹6.7 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 1.23%
- Δ weight
- down 0.03 pts
- Value
- ₹6.6 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.16%
- Δ weight
- down 0.01 pts
- Value
- ₹6.3 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 1.13%
- Δ weight
- up 1.13 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹6.1 Cr
- Status
- New
- Weight
- 0.98%
- Δ weight
- down <0.01 pts
- Value
- ₹5.3 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.10 pts
- Value
- ₹5.1 Cr
- Δ value
- down ₹69 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down 0.04 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- up 0.85 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹4.6 Cr
- Status
- New
- Weight
- 0.85%
- Δ weight
- down 0.02 pts
- Value
- ₹4.6 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- down 0.51 pts
- Value
- ₹4.1 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up <0.01 pts
- Value
- ₹3.7 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 0.60%
- Δ weight
- up 0.01 pts
- Value
- ₹3.2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- up 0.47 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹2.5 Cr
- Status
- New
- Weight
- 0.37%
- Δ weight
- up 0.37 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 Cr
- Status
- New
What changed, Dec 2022 to Jan 2023
New New positions (4)
- Indian Bank1.1% · ₹6.1 Cr
- Brigade Enterprises Limited0.9% · ₹4.6 Cr
- Bank of Baroda0.5% · ₹2.5 Cr
- Navin Fluorine International Limited0.4% · ₹2 Cr
Exited Exited (3)
- Thermax Limitedwas 1.1% · ₹6.1 Cr
- Shree Cement Limitedwas 0.8% · ₹4.6 Cr
- Avenue Supermarts Limitedwas 0.7% · ₹3.8 Cr
Added Biggest additions
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 Dec 2022, the weight rose most in Construction (+1.2 pts) and Industrial Products (+1.1 pts), and fell most in Retailing (−0.9 pts) and Electrical Equipment (−0.9 pts).
- Construction13.0% → 14.2%+1.2 pts
- Industrial Products9.0% → 10.1%+1.1 pts
- Realty0.9% → 1.8%+0.9 pts
- Gas3.0% → 3.5%+0.4 pts
- Banks24.2% → 24.5%+0.3 pts
- Chemicals & Petrochemicals2.5% → 2.7%+0.2 pts
- Retailing3.4% → 2.5%−0.9 pts
- Electrical Equipment4.0% → 3.2%−0.9 pts
- Cement & Cement Products6.4% → 5.6%−0.8 pts
- Consumer Durables5.6% → 5.0%−0.6 pts
- Automobiles3.7% → 3.3%−0.4 pts
- Transport Services2.6% → 2.4%−0.2 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 | Dec 2022 | Jan 2023 |
|---|---|---|
| Banks | 24.2% | 24.5% |
| Construction | 13.0% | 14.2% |
| Industrial Products | 9.0% | 10.1% |
| Cement & Cement Products | 6.4% | 5.6% |
| Consumer Durables | 5.6% | 5.0% |
| Auto Components | 5.0% | 5.0% |
| Petroleum Products | 4.1% | 3.9% |
| Gas | 3.0% | 3.5% |
| Industrial Manufacturing | 3.2% | 3.4% |
| Automobiles | 3.7% | 3.3% |
Allocation in Jan 2023change vs Dec 2022
- Banks (7)24.5%▲ 0.3 pts
- Construction (6)14.2%▲ 1.2 pts
- Industrial Products (4)10.1%▲ 1.1 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, Jan 2023
4.3%
▲ 0.7 pts vs Dec 2022
- Cash alone
- 4.3%
- 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.