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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
₹639 Cr
up ₹5.7 Cr vs Aug 2023
- Stocks held
- 47
- up 1 vs Aug 2023
- Top 10 weight
- 39.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.1%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 22
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In September 2023 it disclosed 47 stocks worth ₹639 Cr, up ₹5.7 Cr from Aug 2023. Its largest positions were ICICI Bank Limited (6.3%), HDFC Bank Limited (5.3%), Larsen & Toubro Limited (4.7%); the ten largest together made up 39.8% of the portfolio, and Banks was the biggest sector at 21.9% of its equity. Cash and debt stood at 4.1%. Compared with Aug 2023 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
33%
Top-10 weight is higher than 33% of peers
Breadth
59%
Holds more stocks than 59% of peers
Cash
62%
Holds more cash than 62% of peers
Holdings in September 2023
Download CSVEvery line the fund disclosed, with the change against Aug 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.33%
- Δ weight
- down 0.10 pts
- Value
- ₹40.5 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 5.29%
- Δ weight
- down 3.18 pts
- Value
- ₹33.8 Cr
- Δ value
- down ₹19.9 Cr
- Status
- Trimmed
- Weight
- 4.73%
- Δ weight
- up 0.04 pts
- Value
- ₹30.2 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 4.21%
- Δ weight
- up 0.23 pts
- Value
- ₹26.9 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.12%
- Δ weight
- up 1.96 pts
- Value
- ₹26.3 Cr
- Δ value
- up ₹12.6 Cr
- Status
- Added
- Weight
- 4.04%
- Δ weight
- down 0.14 pts
- Value
- ₹25.8 Cr
- Δ value
- down ₹68 L
- Status
- Trimmed
- Weight
- 3.48%
- Δ weight
- up 0.02 pts
- Value
- ₹22.3 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 3.03%
- Δ weight
- down 0.13 pts
- Value
- ₹19.3 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 2.98%
- Δ weight
- down 0.05 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 2.98%
- Δ weight
- down 0.23 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.78%
- Δ weight
- up 1.85 pts
- Value
- ₹17.8 Cr
- Δ value
- up ₹11.9 Cr
- Status
- Added
- Weight
- 2.67%
- Δ weight
- up 0.07 pts
- Value
- ₹17.1 Cr
- Δ value
- up ₹59 L
- Status
- Added
- Weight
- 2.56%
- Δ weight
- down 0.57 pts
- Value
- ₹16.4 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 2.53%
- Δ weight
- down 0.04 pts
- Value
- ₹16.2 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 2.41%
- Δ weight
- down 0.32 pts
- Value
- ₹15.4 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 2.25%
- Δ weight
- up 0.33 pts
- Value
- ₹14.4 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.18%
- Δ weight
- down 0.13 pts
- Value
- ₹14 Cr
- Δ value
- down ₹70 L
- Status
- Trimmed
- Weight
- 2.16%
- Δ weight
- up 0.06 pts
- Value
- ₹13.8 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 2.03%
- Δ weight
- down 0.02 pts
- Value
- ₹13 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 1.89%
- Δ weight
- up 0.11 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹79 L
- Status
- Added
- Weight
- 1.85%
- Δ weight
- down 0.51 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 1.72%
- Δ weight
- down 0.07 pts
- Value
- ₹11 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- up 0.04 pts
- Value
- ₹10.7 Cr
- Δ value
- up ₹38 L
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.04 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.64%
- Δ weight
- up 0.24 pts
- Value
- ₹10.5 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- down 0.03 pts
- Value
- ₹9.9 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 1.50%
- Δ weight
- up 0.13 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹88 L
- Status
- Added
- Weight
- 1.47%
- Δ weight
- up <0.01 pts
- Value
- ₹9.4 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.47%
- Δ weight
- down 0.09 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- down 0.18 pts
- Value
- ₹9.3 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- up 0.01 pts
- Value
- ₹9.1 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.08 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹59 L
- Status
- Added
- Weight
- 1.34%
- Δ weight
- down 0.08 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹43 L
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- down 0.05 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 1.30%
- Δ weight
- down 0.03 pts
- Value
- ₹8.3 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- down 0.03 pts
- Value
- ₹8.1 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- down 0.19 pts
- Value
- ₹8.1 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 0.07 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 1.18%
- Δ weight
- up 0.17 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.06 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.07 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.03 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.12 pts
- Value
- ₹6.4 Cr
- Δ value
- up ₹80 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.02 pts
- Value
- ₹6 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.05 pts
- Value
- ₹5.7 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- up 0.01 pts
- Value
- ₹4 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 0.58%
- Δ weight
- up 0.04 pts
- Value
- ₹3.7 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.50 pts
- Value
- ₹3.2 Cr
- Δ value
- up ₹3.2 Cr
- Status
- New
What changed, Aug 2023 to Sep 2023
New New positions (1)
- Container Corporation of India Limited0.5% · ₹3.2 Cr
Exited Exited (0)
None.
Added Biggest additions
- Multi Commodity Exchange of India Limitedup ₹11.9 Cr (+1.85% pts)
- GMM Pfaudler Limitedup ₹2.2 Cr (+0.33% pts)
- State Bank of Indiaup ₹1.7 Cr (+0.23% pts)
- Blue Star Limitedup ₹1.6 Cr (+0.24% 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 Aug 2023, the weight rose most in Capital Markets (+1.9 pts) and Transport Services (+0.6 pts), and fell most in Banks (−2.4 pts) and Industrial Products (−0.5 pts).
- Capital Markets1.0% → 2.9%+1.9 pts
- Transport Services1.3% → 2.0%+0.6 pts
- Construction15.7% → 16.0%+0.3 pts
- Industrial Manufacturing3.4% → 3.7%+0.2 pts
- Consumer Durables5.2% → 5.4%+0.2 pts
- Cement & Cement Products4.4% → 4.6%+0.2 pts
- Banks24.3% → 21.9%−2.4 pts
- Industrial Products12.2% → 11.6%−0.5 pts
- Leisure Services2.4% → 1.9%−0.5 pts
- Gas2.8% → 2.5%−0.3 pts
- Electrical Equipment3.3% → 3.1%−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 | Mar 2023 | Jun 2023 | Aug 2023 | Sep 2023 |
|---|---|---|---|---|
| Banks | 26.4% | 24.1% | 24.3% | 21.9% |
| Construction | 15.2% | 14.0% | 15.7% | 16.0% |
| Industrial Products | 9.5% | 11.9% | 12.2% | 11.6% |
| Consumer Durables | 5.0% | 5.0% | 5.2% | 5.4% |
| Cement & Cement Products | 4.6% | 4.8% | 4.4% | 4.6% |
| Petroleum Products | 3.8% | 4.8% | 4.3% | 4.2% |
| Industrial Manufacturing | 3.0% | 3.2% | 3.4% | 3.7% |
| Retailing | 2.8% | 3.2% | 3.5% | 3.6% |
| Electrical Equipment | 3.7% | 3.7% | 3.3% | 3.1% |
| Capital Markets | 1.0% | 0.9% | 1.0% | 2.9% |
Allocation in Sep 2023change vs Aug 2023
- Banks (7)21.9%▼ 2.4 pts
- Construction (6)16.0%▲ 0.3 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, Sep 2023
4.1%
▲ 2.0 pts vs Aug 2023
- Cash alone
- 4.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.2% – 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.