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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
₹590 Cr
up ₹23.9 Cr vs Apr 2023
- Stocks held
- 46
- unchanged
- Top 10 weight
- 41.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.8%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 10
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In May 2023 it disclosed 46 stocks worth ₹590 Cr, up ₹23.9 Cr from Apr 2023. Its largest positions were ICICI Bank Limited (6.8%), HDFC Bank Limited (6.3%), Reliance Industries Limited (4.6%); the ten largest together made up 41.3% of the portfolio, and Banks was the biggest sector at 24.6% of its equity. Cash and debt stood at 2.8%. Compared with Apr 2023 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
39%
Top-10 weight is higher than 39% of peers
Breadth
57%
Holds more stocks than 57% of peers
Cash
40%
Holds more cash than 40% of peers
Holdings in May 2023
Download CSVEvery line the fund disclosed, with the change against Apr 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.83%
- Δ weight
- down 0.05 pts
- Value
- ₹40.3 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 6.34%
- Δ weight
- down 0.58 pts
- Value
- ₹37.4 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 4.60%
- Δ weight
- down 0.10 pts
- Value
- ₹27.2 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 4.42%
- Δ weight
- down 0.17 pts
- Value
- ₹26.1 Cr
- Δ value
- up ₹7 L
- Status
- Held
- Weight
- 4.10%
- Δ weight
- down 0.48 pts
- Value
- ₹24.2 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 3.49%
- Δ weight
- up 0.01 pts
- Value
- ₹20.6 Cr
- Δ value
- up ₹91 L
- Status
- Added
- Weight
- 2.94%
- Δ weight
- up 0.09 pts
- Value
- ₹17.3 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 2.91%
- Δ weight
- down 0.28 pts
- Value
- ₹17.2 Cr
- Δ value
- down ₹88 L
- Status
- Trimmed
- Weight
- 2.84%
- Δ weight
- down 0.40 pts
- Value
- ₹16.7 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 2.83%
- Δ weight
- up 0.24 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 2.83%
- Δ weight
- up 0.07 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 2.79%
- Δ weight
- up 0.51 pts
- Value
- ₹16.5 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 2.72%
- Δ weight
- up 0.23 pts
- Value
- ₹16.1 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 2.61%
- Δ weight
- down <0.01 pts
- Value
- ₹15.4 Cr
- Δ value
- up ₹62 L
- Status
- Added
- Weight
- 2.53%
- Δ weight
- up 0.15 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 2.46%
- Δ weight
- down 0.08 pts
- Value
- ₹14.5 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 2.44%
- Δ weight
- up 0.35 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 2.12%
- Δ weight
- up 0.12 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 2.10%
- Δ weight
- down 0.14 pts
- Value
- ₹12.4 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 2.06%
- Δ weight
- down 0.03 pts
- Value
- ₹12.2 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 1.92%
- Δ weight
- down 0.09 pts
- Value
- ₹11.3 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 1.90%
- Δ weight
- up 0.08 pts
- Value
- ₹11.2 Cr
- Δ value
- up ₹88 L
- Status
- Added
- Weight
- 1.87%
- Δ weight
- up 0.28 pts
- Value
- ₹11 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.64%
- Δ weight
- up 0.05 pts
- Value
- ₹9.7 Cr
- Δ value
- up ₹68 L
- Status
- Added
- Weight
- 1.63%
- Δ weight
- up 0.11 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 1.63%
- Δ weight
- down <0.01 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 1.53%
- Δ weight
- down 0.02 pts
- Value
- ₹9.1 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 1.53%
- Δ weight
- up 0.16 pts
- Value
- ₹9 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.53%
- Δ weight
- up 0.21 pts
- Value
- ₹9 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.52%
- Δ weight
- up 0.04 pts
- Value
- ₹9 Cr
- Δ value
- up ₹57 L
- Status
- Added
- Weight
- 1.50%
- Δ weight
- up 0.05 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹65 L
- Status
- Added
- Weight
- 1.46%
- Δ weight
- down 0.10 pts
- Value
- ₹8.6 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.08 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹80 L
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.10 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹93 L
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.03 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹53 L
- Status
- Added
- Weight
- 1.26%
- Δ weight
- up 0.15 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.10 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹82 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.12 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.03 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹41 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- up 0.07 pts
- Value
- ₹5.6 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Weight
- 0.94%
- Δ weight
- up 0.13 pts
- Value
- ₹5.6 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 0.94%
- Δ weight
- down 0.05 pts
- Value
- ₹5.6 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- down <0.01 pts
- Value
- ₹5.1 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 0.79%
- Δ weight
- down 0.03 pts
- Value
- ₹4.7 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.49%
- Δ weight
- down 0.01 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 0.48%
- Δ weight
- up 0.48 pts
- Value
- ₹2.8 Cr
- Δ value
- up ₹2.8 Cr
- Status
- New
- Weight
- 0.40%
- Δ weight
- down 0.03 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
What changed, Apr 2023 to May 2023
New New positions (1)
- APL Apollo Tubes Limited0.5% · ₹2.8 Cr
Exited Exited (1)
- Indian Bankwas 1.1% · ₹6.4 Cr
Added Biggest additions
- Power Mech Projects Limitedup ₹2.5 Cr (+0.35% pts)
- Trent Limitedup ₹2.1 Cr (+0.24% pts)
- Birla Corporation Limitedup ₹2 Cr (+0.28% pts)
- Ahluwalia Contracts (India) 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 Apr 2023, the weight rose most in Industrial Products (+1.0 pts) and Cement & Cement Products (+0.3 pts), and fell most in Banks (−2.0 pts) and Gas (−0.4 pts).
- Industrial Products9.5% → 10.5%+1.0 pts
- Cement & Cement Products4.3% → 4.6%+0.3 pts
- Realty2.3% → 2.5%+0.3 pts
- Retailing2.6% → 2.9%+0.3 pts
- Construction14.5% → 14.7%+0.2 pts
- Automobiles2.7% → 2.8%+0.2 pts
- Banks26.5% → 24.6%−2.0 pts
- Gas3.3% → 2.9%−0.4 pts
- Finance4.1% → 4.0%−0.1 pts
- Non - Ferrous Metals1.1% → 1.0%−0.1 pts
- Industrial Manufacturing2.9% → 2.8%−0.1 pts
- Chemicals & Petrochemicals3.0% → 2.9%−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 | Nov 2022 | Feb 2023 | Apr 2023 | May 2023 |
|---|---|---|---|---|
| Banks | 24.7% | 24.3% | 26.5% | 24.6% |
| Construction | 12.1% | 13.8% | 14.5% | 14.7% |
| Industrial Products | 10.2% | 9.8% | 9.5% | 10.5% |
| Consumer Durables | 5.8% | 5.0% | 4.9% | 5.0% |
| Petroleum Products | 4.3% | 3.8% | 4.8% | 4.7% |
| Cement & Cement Products | 6.3% | 5.7% | 4.3% | 4.6% |
| Finance | 2.1% | 3.5% | 4.1% | 4.0% |
| Electrical Equipment | 4.3% | 3.6% | 3.6% | 3.6% |
| Chemicals & Petrochemicals | 3.8% | 3.0% | 3.0% | 2.9% |
| Gas | 2.8% | 3.3% | 3.3% | 2.9% |
Allocation in May 2023change vs Apr 2023
- Banks (7)24.6%▼ 2.0 pts
- Construction (6)14.7%▲ 0.2 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, May 2023
2.8%
▲ 0.5 pts vs Apr 2023
- Cash alone
- 2.8%
- 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.