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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
₹536 Cr
down ₹4.1 Cr vs Jan 2023
- Stocks held
- 47
- down 1 vs Jan 2023
- Top 10 weight
- 41.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.8%
- cash, money market and debt
- Moves this month
- 1 in · 2 out
- added to 10, trimmed 20
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In February 2023 it disclosed 47 stocks worth ₹536 Cr, down ₹4.1 Cr from Jan 2023. Its largest positions were HDFC Bank Limited (6.9%), ICICI Bank Limited (6.8%), State Bank of India (4.4%); the ten largest together made up 41.2% of the portfolio, and Banks was the biggest sector at 24.3% of its equity. Cash and debt stood at 2.8%. Compared with Jan 2023 the fund entered 1 new stock and exited 2.
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
41%
Holds more cash than 41% of peers
Holdings in February 2023
Download CSVEvery line the fund disclosed, with the change against Jan 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.93%
- Δ weight
- up 0.04 pts
- Value
- ₹37.1 Cr
- Δ value
- down ₹9 L
- Status
- Held
- Weight
- 6.78%
- Δ weight
- up 0.23 pts
- Value
- ₹36.3 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 4.39%
- Δ weight
- down 0.22 pts
- Value
- ₹23.5 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 4.32%
- Δ weight
- up <0.01 pts
- Value
- ₹23.2 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 3.70%
- Δ weight
- down 0.02 pts
- Value
- ₹19.8 Cr
- Δ value
- down ₹27 L
- Status
- Trimmed
- Weight
- 3.46%
- Δ weight
- up 0.43 pts
- Value
- ₹18.6 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 3.17%
- Δ weight
- down 0.13 pts
- Value
- ₹17 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- Weight
- 3.06%
- Δ weight
- down 0.02 pts
- Value
- ₹16.4 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 2.83%
- Δ weight
- down 1.49 pts
- Value
- ₹15.2 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up 1.35 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹7.2 Cr
- Status
- Added
- Weight
- 2.66%
- Δ weight
- up 0.08 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 2.65%
- Δ weight
- up 0.04 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 2.64%
- Δ weight
- up 0.27 pts
- Value
- ₹14.1 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.55%
- Δ weight
- up 0.18 pts
- Value
- ₹13.7 Cr
- Δ value
- up ₹87 L
- Status
- Added
- Weight
- 2.50%
- Δ weight
- up 0.31 pts
- Value
- ₹13.4 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 2.48%
- Δ weight
- down 0.13 pts
- Value
- ₹13.3 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 2.36%
- Δ weight
- down 0.23 pts
- Value
- ₹12.7 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.35%
- Δ weight
- up 0.10 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹45 L
- Status
- Added
- Weight
- 2.35%
- Δ weight
- up <0.01 pts
- Value
- ₹12.6 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 2.09%
- Δ weight
- down 0.16 pts
- Value
- ₹11.2 Cr
- Δ value
- down ₹98 L
- Status
- Trimmed
- Weight
- 1.77%
- Δ weight
- up 0.53 pts
- Value
- ₹9.5 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 1.76%
- Δ weight
- down 0.05 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- down 0.14 pts
- Value
- ₹9.3 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 1.72%
- Δ weight
- up 0.13 pts
- Value
- ₹9.2 Cr
- Δ value
- up ₹62 L
- Status
- Added
- Weight
- 1.61%
- Δ weight
- up 0.24 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.60%
- Δ weight
- down 0.05 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.54%
- Δ weight
- up 0.01 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 1.44%
- Δ weight
- up 0.01 pts
- Value
- ₹7.7 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 1.43%
- Δ weight
- up 0.06 pts
- Value
- ₹7.7 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 1.42%
- Δ weight
- up 0.04 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹14 L
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.54 pts
- Value
- ₹7.4 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.34%
- Δ weight
- down 0.26 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- up 0.10 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹48 L
- Status
- Added
- Weight
- 1.32%
- Δ weight
- down 0.04 pts
- Value
- ₹7.1 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.03 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- up 0.01 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 1.24%
- Δ weight
- up 0.08 pts
- Value
- ₹6.7 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- down 0.18 pts
- Value
- ₹5.8 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.17 pts
- Value
- ₹5.1 Cr
- Δ value
- down ₹95 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.03 pts
- Value
- ₹5 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.07 pts
- Value
- ₹4.9 Cr
- Δ value
- down ₹39 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- up 0.06 pts
- Value
- ₹4.9 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- up 0.42 pts
- Value
- ₹4.8 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 0.82%
- Δ weight
- down 0.07 pts
- Value
- ₹4.4 Cr
- Δ value
- down ₹40 L
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- up 0.05 pts
- Value
- ₹4 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 0.61%
- Δ weight
- up 0.02 pts
- Value
- ₹3.3 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 0.58%
- Δ weight
- up 0.58 pts
- Value
- ₹3.1 Cr
- Δ value
- up ₹3.1 Cr
- Status
- New
- Weight
- 0.39%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹9 L
- Status
- Added
What changed, Jan 2023 to Feb 2023
New New positions (1)
- Voltas Limited0.6% · ₹3.1 Cr
Exited Exited (2)
- Container Corporation of India Limitedwas 1.7% · ₹9.1 Cr
- Century Plyboards (India) Limitedwas 0.8% · ₹4.1 Cr
Added Biggest additions
- Housing Development Finance Corporation Limitedup ₹7.2 Cr (+1.35% pts)
- MAHINDRA LIFESPACE DEVELOPERS LTDup ₹2.9 Cr (+0.54% pts)
- Bharat Electronics 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 Jan 2023, the weight rose most in Finance (+1.4 pts) and Realty (+0.6 pts), and fell most in Transport Services (−1.8 pts) and Construction (−0.4 pts).
- Finance2.1% → 3.5%+1.4 pts
- Realty1.8% → 2.4%+0.6 pts
- Aerospace & Defense1.3% → 1.8%+0.5 pts
- Electrical Equipment3.2% → 3.6%+0.4 pts
- Chemicals & Petrochemicals2.7% → 3.0%+0.3 pts
- Auto Components5.0% → 5.1%+0.2 pts
- Transport Services2.4% → 0.6%−1.8 pts
- Construction14.2% → 13.8%−0.4 pts
- Industrial Products10.1% → 9.8%−0.3 pts
- Banks24.5% → 24.3%−0.2 pts
- Automobiles3.3% → 3.1%−0.2 pts
- Non - Ferrous Metals1.3% → 1.1%−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 | Nov 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|
| Banks | 24.7% | 24.5% | 24.3% |
| Construction | 12.1% | 14.2% | 13.8% |
| Industrial Products | 10.2% | 10.1% | 9.8% |
| Cement & Cement Products | 6.3% | 5.6% | 5.7% |
| Auto Components | 3.6% | 5.0% | 5.1% |
| Consumer Durables | 5.8% | 5.0% | 5.0% |
| Petroleum Products | 4.3% | 3.9% | 3.8% |
| Electrical Equipment | 4.3% | 3.2% | 3.6% |
| Finance | 2.1% | 2.1% | 3.5% |
| Gas | 2.8% | 3.5% | 3.3% |
Allocation in Feb 2023change vs Jan 2023
- Banks (7)24.3%▼ 0.2 pts
- Construction (6)13.8%▼ 0.4 pts
- Industrial Products (4)
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, Feb 2023
2.8%
▼ 1.5 pts vs Jan 2023
- Cash alone
- 2.8%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.8% – 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.