Loading…
Sectoral / Thematic · HSBC Mutual Fund · AMFI code 151145HSBC Business Cycles Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹566 Cr
up ₹24.2 Cr vs Mar 2023
- Stocks held
- 46
- unchanged
- Top 10 weight
- 43.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.3%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 8
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In April 2023 it disclosed 46 stocks worth ₹566 Cr, up ₹24.2 Cr from Mar 2023. Its largest positions were HDFC Bank Limited (6.9%), ICICI Bank Limited (6.9%), Reliance Industries Limited (4.7%); the ten largest together made up 43.2% of the portfolio, and Banks was the biggest sector at 26.5% of its equity. Cash and debt stood at 2.3%. Compared with Mar 2023 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
57%
Holds more stocks than 57% of peers
Cash
32%
Holds more cash than 32% of peers
Holdings in April 2023
Download CSVEvery line the fund disclosed, with the change against Mar 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.92%
- Δ weight
- up 0.03 pts
- Value
- ₹39.2 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 6.89%
- Δ weight
- up 0.01 pts
- Value
- ₹39 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 4.70%
- Δ weight
- up 1.03 pts
- Value
- ₹26.6 Cr
- Δ value
- up ₹6.7 Cr
- Status
- Added
- Weight
- 4.59%
- Δ weight
- up 0.25 pts
- Value
- ₹26 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 4.58%
- Δ weight
- up 0.20 pts
- Value
- ₹26 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 3.48%
- Δ weight
- down 0.10 pts
- Value
- ₹19.7 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 3.23%
- Δ weight
- down 0.03 pts
- Value
- ₹18.3 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 3.19%
- Δ weight
- up 0.04 pts
- Value
- ₹18 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 2.85%
- Δ weight
- up 0.11 pts
- Value
- ₹16.1 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 2.76%
- Δ weight
- up 0.12 pts
- Value
- ₹15.6 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 2.61%
- Δ weight
- down 0.14 pts
- Value
- ₹14.8 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 2.58%
- Δ weight
- down 0.13 pts
- Value
- ₹14.6 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 2.54%
- Δ weight
- up 0.17 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 2.50%
- Δ weight
- down 0.43 pts
- Value
- ₹14.1 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 2.38%
- Δ weight
- up 0.08 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 2.28%
- Δ weight
- down 2.20 pts
- Value
- ₹12.9 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 2.24%
- Δ weight
- up 0.14 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 2.10%
- Δ weight
- up 0.03 pts
- Value
- ₹11.9 Cr
- Δ value
- up ₹67 L
- Status
- Added
- Weight
- 2.09%
- Δ weight
- down 0.22 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹66 L
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- down 0.07 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 2.00%
- Δ weight
- up 0.17 pts
- Value
- ₹11.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.82%
- Δ weight
- up 0.02 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹57 L
- Status
- Added
- Weight
- 1.63%
- Δ weight
- up 0.11 pts
- Value
- ₹9.2 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 1.59%
- Δ weight
- up 0.02 pts
- Value
- ₹9 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Weight
- 1.59%
- Δ weight
- down 0.02 pts
- Value
- ₹9 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.04 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Weight
- 1.56%
- Δ weight
- up 0.11 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 1.53%
- Δ weight
- up 0.05 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹64 L
- Status
- Added
- Weight
- 1.48%
- Δ weight
- up 0.10 pts
- Value
- ₹8.4 Cr
- Δ value
- up ₹88 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up 0.03 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹53 L
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.01 pts
- Value
- ₹7.7 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.35%
- Δ weight
- up 0.01 pts
- Value
- ₹7.7 Cr
- Δ value
- up ₹37 L
- Status
- Added
- Weight
- 1.32%
- Δ weight
- down 0.09 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.31%
- Δ weight
- up 0.02 pts
- Value
- ₹7.4 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.15 pts
- Value
- ₹7.3 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 1.14%
- Δ weight
- up 0.07 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹68 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.03 pts
- Value
- ₹6.3 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.41 pts
- Value
- ₹6.3 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.01 pts
- Value
- ₹5.7 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.06 pts
- Value
- ₹5.6 Cr
- Δ value
- up ₹57 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- up 0.06 pts
- Value
- ₹5.4 Cr
- Δ value
- up ₹55 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- up 0.01 pts
- Value
- ₹5 Cr
- Δ value
- up ₹27 L
- Status
- Added
- Weight
- 0.86%
- Δ weight
- down 0.11 pts
- Value
- ₹4.9 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- up 0.07 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹59 L
- Status
- Added
- Weight
- 0.82%
- Δ weight
- up 0.07 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹58 L
- Status
- Added
- Weight
- 0.49%
- Δ weight
- down 0.03 pts
- Value
- ₹2.8 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- up 0.03 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹29 L
- Status
- Added
What changed, Mar 2023 to Apr 2023
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Reliance Industries Limitedup ₹6.7 Cr (+1.03% pts)
- VRL Logistics Limitedup ₹2.5 Cr (+0.41% pts)
- State Bank of Indiaup ₹2.5 Cr (+0.25% pts)
- Larsen & Toubro Limitedup ₹2.2 Cr (+0.20% pts)
- HDFC Bank Limitedup ₹1.8 Cr (+0.03% 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 Mar 2023, the weight rose most in Petroleum Products (+1.0 pts) and Transport Services (+0.4 pts), and fell most in Construction (−0.7 pts) and Cement & Cement Products (−0.3 pts).
- Petroleum Products3.8% → 4.8%+1.0 pts
- Transport Services0.7% → 1.1%+0.4 pts
- Chemicals & Petrochemicals2.9% → 3.0%+0.1 pts
- Banks26.4% → 26.5%+0.1 pts
- Leisure Services1.9% → 2.0%+0.1 pts
- Construction15.2% → 14.5%−0.7 pts
- Cement & Cement Products4.6% → 4.3%−0.3 pts
- Retailing2.8% → 2.6%−0.2 pts
- Electrical Equipment3.7% → 3.6%−0.2 pts
- Capital Markets1.0% → 0.9%−0.1 pts
- Gas3.4% → 3.3%−0.1 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 | Jan 2023 | Mar 2023 | Apr 2023 |
|---|---|---|---|
| Banks | 24.5% | 26.4% | 26.5% |
| Construction | 14.2% | 15.2% | 14.5% |
| Industrial Products | 10.1% | 9.5% | 9.5% |
| Consumer Durables | 5.0% | 5.0% | 4.9% |
| Petroleum Products | 3.9% | 3.8% | 4.8% |
| Cement & Cement Products | 5.6% | 4.6% | 4.3% |
| Finance | 2.1% | 4.1% | 4.1% |
| Electrical Equipment | 3.2% | 3.7% | 3.6% |
| Gas | 3.5% | 3.4% | 3.3% |
| Chemicals & Petrochemicals | 2.7% | 2.9% | 3.0% |
Allocation in Apr 2023change vs Mar 2023
- Banks (8)26.5%▲ 0.1 pts
- Construction (6)14.5%▼ 0.7 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, Apr 2023
2.3%
▼ 2.2 pts vs Mar 2023
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.3% – 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.