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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
₹542 Cr
up ₹6.3 Cr vs Feb 2023
- Stocks held
- 46
- down 1 vs Feb 2023
- Top 10 weight
- 41.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.5%
- cash, money market and debt
- Moves this month
- 2 in · 3 out
- added to 10, trimmed 15
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In March 2023 it disclosed 46 stocks worth ₹542 Cr, up ₹6.3 Cr from Feb 2023. Its largest positions were HDFC Bank Limited (6.9%), ICICI Bank Limited (6.9%), Larsen & Toubro Limited (4.4%); the ten largest together made up 41.8% of the portfolio, and Banks was the biggest sector at 26.4% of its equity. Cash and debt stood at 4.5%. Compared with Feb 2023 the fund entered 2 new stocks and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
40%
Top-10 weight is higher than 40% of peers
Breadth
57%
Holds more stocks than 57% of peers
Cash
66%
Holds more cash than 66% of peers
Holdings in March 2023
Download CSVEvery line the fund disclosed, with the change against Feb 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.89%
- Δ weight
- down 0.04 pts
- Value
- ₹37.4 Cr
- Δ value
- up ₹23 L
- Status
- Added
- Weight
- 6.88%
- Δ weight
- up 0.10 pts
- Value
- ₹37.3 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.47%
- Δ weight
- up 1.64 pts
- Value
- ₹24.2 Cr
- Δ value
- up ₹9.1 Cr
- Status
- Added
- Weight
- 4.38%
- Δ weight
- up 0.06 pts
- Value
- ₹23.8 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 4.35%
- Δ weight
- down 0.04 pts
- Value
- ₹23.6 Cr
- Δ value
- up ₹4 L
- Status
- Held
- Weight
- 3.67%
- Δ weight
- down 0.03 pts
- Value
- ₹19.9 Cr
- Δ value
- up ₹7 L
- Status
- Held
- Weight
- 3.58%
- Δ weight
- up 0.12 pts
- Value
- ₹19.4 Cr
- Δ value
- up ₹85 L
- Status
- Added
- Weight
- 3.27%
- Δ weight
- up 0.09 pts
- Value
- ₹17.7 Cr
- Δ value
- up ₹70 L
- Status
- Added
- Weight
- 3.15%
- Δ weight
- up 0.47 pts
- Value
- ₹17.1 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 2.92%
- Δ weight
- up 0.56 pts
- Value
- ₹15.9 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 2.76%
- Δ weight
- up 0.10 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹71 L
- Status
- Added
- Weight
- 2.74%
- Δ weight
- down 0.32 pts
- Value
- ₹14.9 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- up 0.16 pts
- Value
- ₹14.7 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 2.64%
- Δ weight
- down 0.01 pts
- Value
- ₹14.3 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 2.37%
- Δ weight
- down 0.13 pts
- Value
- ₹12.9 Cr
- Δ value
- down ₹53 L
- Status
- Trimmed
- Weight
- 2.30%
- Δ weight
- down 0.05 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 2.29%
- Δ weight
- down 0.19 pts
- Value
- ₹12.4 Cr
- Δ value
- down ₹87 L
- Status
- Trimmed
- Weight
- 2.10%
- Δ weight
- up 0.01 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 2.08%
- Δ weight
- down 0.26 pts
- Value
- ₹11.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.07%
- Δ weight
- up 0.35 pts
- Value
- ₹11.2 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.84%
- Δ weight
- up 0.07 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Weight
- 1.80%
- Δ weight
- up 0.03 pts
- Value
- ₹9.8 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.61%
- Δ weight
- up 0.02 pts
- Value
- ₹8.7 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.57%
- Δ weight
- down 0.17 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 0.01 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 1.52%
- Δ weight
- down 0.08 pts
- Value
- ₹8.3 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- up 1.48 pts
- Value
- ₹8 Cr
- Δ value
- up ₹8 Cr
- Status
- New
- Weight
- 1.44%
- Δ weight
- up 0.11 pts
- Value
- ₹7.8 Cr
- Δ value
- up ₹67 L
- Status
- Added
- Weight
- 1.43%
- Δ weight
- up 0.11 pts
- Value
- ₹7.8 Cr
- Δ value
- up ₹68 L
- Status
- Added
- Weight
- 1.42%
- Δ weight
- down 0.02 pts
- Value
- ₹7.7 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.06 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- down 0.05 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 1.37%
- Δ weight
- down 0.04 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.35%
- Δ weight
- up 0.06 pts
- Value
- ₹7.3 Cr
- Δ value
- up ₹41 L
- Status
- Added
- Weight
- 1.30%
- Δ weight
- down 0.09 pts
- Value
- ₹7 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- up <0.01 pts
- Value
- ₹5.9 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.10 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.99 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹5.4 Cr
- Status
- New
- Weight
- 0.98%
- Δ weight
- up 0.06 pts
- Value
- ₹5.3 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.04 pts
- Value
- ₹5.1 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.03 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.03 pts
- Value
- ₹4.7 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- down 0.08 pts
- Value
- ₹4 Cr
- Δ value
- down ₹37 L
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down <0.01 pts
- Value
- ₹4 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.70%
- Δ weight
- up 0.09 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹52 L
- Status
- Added
- Weight
- 0.53%
- Δ weight
- down 0.05 pts
- Value
- ₹2.9 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.39%
- Δ weight
- up 0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹7 L
- Status
- Added
What changed, Feb 2023 to Mar 2023
New New positions (2)
- IndusInd Bank Limited1.5% · ₹8 Cr
- TVS Motor Company Limited1.0% · ₹5.4 Cr
Exited Exited (3)
- Schaeffler India Limitedwas 2.6% · ₹14.1 Cr
- Maruti Suzuki India Limitedwas 1.3% · ₹6.9 Cr
- The Ramco Cements Limitedwas 1.2% · ₹6.7 Cr
Added Biggest additions
- Ahluwalia Contracts (India) Limitedup ₹3.2 Cr (+0.56% pts)
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 Feb 2023, the weight rose most in Banks (+2.1 pts) and Construction (+1.4 pts), and fell most in Auto Components (−2.7 pts) and Cement & Cement Products (−1.1 pts).
- Banks24.3% → 26.4%+2.1 pts
- Construction13.8% → 15.2%+1.4 pts
- Finance3.5% → 4.1%+0.5 pts
- Retailing2.6% → 2.8%+0.2 pts
- Electrical Equipment3.6% → 3.7%+0.2 pts
- Gas3.3% → 3.4%+0.2 pts
- Auto Components5.1% → 2.4%−2.7 pts
- Cement & Cement Products5.7% → 4.6%−1.1 pts
- Automobiles3.1% → 2.7%−0.4 pts
- Industrial Manufacturing3.3% → 3.0%−0.3 pts
- Industrial Products9.8% → 9.5%−0.3 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 | Feb 2023 | Mar 2023 |
|---|---|---|---|
| Banks | 24.2% | 24.3% | 26.4% |
| Construction | 13.0% | 13.8% | 15.2% |
| Industrial Products | 9.0% | 9.8% | 9.5% |
| Consumer Durables | 5.6% | 5.0% | 5.0% |
| Cement & Cement Products | 6.4% | 5.7% | 4.6% |
| Finance | 2.1% | 3.5% | 4.1% |
| Petroleum Products | 4.1% | 3.8% | 3.8% |
| Electrical Equipment | 4.0% | 3.6% | 3.7% |
| Gas | 3.0% | 3.3% | 3.4% |
| Industrial Manufacturing | 3.2% | 3.3% | 3.0% |
Allocation in Mar 2023change vs Feb 2023
- Banks (8)26.4%▲ 2.1 pts
- Construction (6)15.2%▲ 1.4 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, Mar 2023
4.5%
▲ 1.6 pts vs Feb 2023
- Cash alone
- 4.5%
- 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.