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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
₹607 Cr
up ₹17.2 Cr vs May 2023
- Stocks held
- 46
- unchanged
- Top 10 weight
- 41.8%
- of the portfolio in its ten largest
- Cash & debt
- 2.9%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 13
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In June 2023 it disclosed 46 stocks worth ₹607 Cr, up ₹17.2 Cr from May 2023. Its largest positions were ICICI Bank Limited (6.5%), HDFC Bank Limited (6.5%), Reliance Industries Limited (4.6%); the ten largest together made up 41.8% of the portfolio, and Banks was the biggest sector at 24.1% of its equity. Cash and debt stood at 2.9%. Compared with May 2023 the fund entered 1 new stock and exited 1.
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
42%
Holds more cash than 42% of peers
Holdings in June 2023
Download CSVEvery line the fund disclosed, with the change against May 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.54%
- Δ weight
- down 0.30 pts
- Value
- ₹39.7 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 6.50%
- Δ weight
- up 0.17 pts
- Value
- ₹39.5 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 4.62%
- Δ weight
- up 0.02 pts
- Value
- ₹28.1 Cr
- Δ value
- up ₹88 L
- Status
- Added
- Weight
- 4.47%
- Δ weight
- up 0.37 pts
- Value
- ₹27.2 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 4.24%
- Δ weight
- down 0.18 pts
- Value
- ₹25.8 Cr
- Δ value
- down ₹32 L
- Status
- Trimmed
- Weight
- 3.64%
- Δ weight
- up 0.15 pts
- Value
- ₹22.1 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 3.11%
- Δ weight
- up 0.28 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 3.02%
- Δ weight
- up 0.11 pts
- Value
- ₹18.3 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 2.87%
- Δ weight
- up 0.08 pts
- Value
- ₹17.5 Cr
- Δ value
- up ₹99 L
- Status
- Added
- Weight
- 2.86%
- Δ weight
- up 0.03 pts
- Value
- ₹17.4 Cr
- Δ value
- up ₹69 L
- Status
- Added
- Weight
- 2.81%
- Δ weight
- down 0.13 pts
- Value
- ₹17 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 2.75%
- Δ weight
- up 0.02 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Weight
- 2.68%
- Δ weight
- up 0.06 pts
- Value
- ₹16.3 Cr
- Δ value
- up ₹83 L
- Status
- Added
- Weight
- 2.54%
- Δ weight
- up 0.02 pts
- Value
- ₹15.4 Cr
- Δ value
- up ₹53 L
- Status
- Added
- Weight
- 2.52%
- Δ weight
- up 0.07 pts
- Value
- ₹15.3 Cr
- Δ value
- up ₹85 L
- Status
- Added
- Weight
- 2.47%
- Δ weight
- down 0.37 pts
- Value
- ₹15 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 2.10%
- Δ weight
- down 0.03 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 2.07%
- Δ weight
- up 0.17 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- down 0.40 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- up 0.14 pts
- Value
- ₹12.2 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.99%
- Δ weight
- down 0.11 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 1.88%
- Δ weight
- down 0.04 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 1.70%
- Δ weight
- up 0.06 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹66 L
- Status
- Added
- Weight
- 1.60%
- Δ weight
- up 0.08 pts
- Value
- ₹9.7 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.07 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹70 L
- Status
- Added
- Weight
- 1.53%
- Δ weight
- up 0.01 pts
- Value
- ₹9.3 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 1.51%
- Δ weight
- up 0.05 pts
- Value
- ₹9.2 Cr
- Δ value
- up ₹55 L
- Status
- Added
- Weight
- 1.46%
- Δ weight
- down 0.07 pts
- Value
- ₹8.9 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.45%
- Δ weight
- up 0.07 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹65 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- down 0.18 pts
- Value
- ₹8.8 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 1.42%
- Δ weight
- up 0.02 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 1.41%
- Δ weight
- up 0.02 pts
- Value
- ₹8.6 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 1.41%
- Δ weight
- down 0.13 pts
- Value
- ₹8.6 Cr
- Δ value
- down ₹50 L
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- down 0.39 pts
- Value
- ₹7.6 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.21%
- Δ weight
- up 0.42 pts
- Value
- ₹7.3 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 1.17%
- Δ weight
- down 0.09 pts
- Value
- ₹7.1 Cr
- Δ value
- down ₹32 L
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- up 0.64 pts
- Value
- ₹6.8 Cr
- Δ value
- up ₹3.9 Cr
- Status
- Added
- Weight
- 1.09%
- Δ weight
- down 0.01 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.01 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 1.06 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.05 pts
- Value
- ₹6.1 Cr
- Δ value
- up ₹48 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.03 pts
- Value
- ₹5.8 Cr
- Δ value
- down ₹2 L
- Status
- Held
- Weight
- 0.95%
- Δ weight
- down 0.01 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 0.94%
- Δ weight
- down <0.01 pts
- Value
- ₹5.7 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.86%
- Δ weight
- up <0.01 pts
- Value
- ₹5.3 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.77%
- Δ weight
- up 0.77 pts
- Value
- ₹4.7 Cr
- Δ value
- up ₹4.7 Cr
- Status
- New
- Weight
- 0.44%
- Δ weight
- down 0.05 pts
- Value
- ₹2.7 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
What changed, May 2023 to Jun 2023
New New positions (1)
- Kirloskar Pneumatic Company Limited0.8% · ₹4.7 Cr
Exited Exited (1)
- Navin Fluorine International Limitedwas 0.4% · ₹2.3 Cr
Added Biggest additions
- APL Apollo Tubes Limitedup ₹3.9 Cr (+0.64% pts)
- Larsen & Toubro Limitedup ₹3 Cr (+0.37% pts)
- Indian Hume Pipe Company Limitedup ₹2.7 Cr (+0.42% 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 May 2023, the weight rose most in Industrial Products (+1.4 pts) and Industrial Manufacturing (+0.4 pts), and fell most in Chemicals & Petrochemicals (−0.8 pts) and Construction (−0.7 pts).
- Industrial Products10.5% → 11.9%+1.4 pts
- Industrial Manufacturing2.8% → 3.2%+0.4 pts
- Retailing2.9% → 3.2%+0.3 pts
- Cement & Cement Products4.6% → 4.8%+0.2 pts
- Aerospace & Defense2.0% → 2.1%+0.2 pts
- Finance4.0% → 4.1%+0.2 pts
- Chemicals & Petrochemicals2.9% → 2.1%−0.8 pts
- Construction14.7% → 14.0%−0.7 pts
- Banks24.6% → 24.1%−0.5 pts
- Automobiles2.8% → 2.4%−0.4 pts
- Gas2.9% → 2.5%−0.4 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 | Mar 2023 | May 2023 | Jun 2023 |
|---|---|---|---|---|
| Banks | 24.2% | 26.4% | 24.6% | 24.1% |
| Construction | 13.0% | 15.2% | 14.7% | 14.0% |
| Industrial Products | 9.0% | 9.5% | 10.5% | 11.9% |
| Consumer Durables | 5.6% | 5.0% | 5.0% | 5.0% |
| Cement & Cement Products | 6.4% | 4.6% | 4.6% | 4.8% |
| Petroleum Products | 4.1% | 3.8% | 4.7% | 4.8% |
| Finance | 2.1% | 4.1% | 4.0% | 4.1% |
| Electrical Equipment | 4.0% | 3.7% | 3.6% | 3.7% |
| Retailing | 3.4% | 2.8% | 2.9% | 3.2% |
| Industrial Manufacturing | 3.2% | 3.0% | 2.8% | 3.2% |
Allocation in Jun 2023change vs May 2023
- Banks (7)24.1%▼ 0.5 pts
- Construction (6)14.0%▼ 0.7 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, Jun 2023
2.9%
▲ 0.1 pts vs May 2023
- Cash alone
- 2.9%
- 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.