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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
₹675 Cr
up ₹54.7 Cr vs Oct 2023
- Stocks held
- 49
- unchanged
- Top 10 weight
- 40.1%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 5
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In November 2023 it disclosed 49 stocks worth ₹675 Cr, up ₹54.7 Cr from Oct 2023. Its largest positions were ICICI Bank Limited (5.9%), Larsen & Toubro Limited (4.6%), Multi Commodity Exchange of India Limited (4.5%); the ten largest together made up 40.1% of the portfolio, and Banks was the biggest sector at 19.0% of its equity. Cash and debt stood at 1.4%. Compared with Oct 2023 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
34%
Top-10 weight is higher than 34% of peers
Breadth
62%
Holds more stocks than 62% of peers
Cash
21%
Holds more cash than 21% of peers
Holdings in November 2023
Download CSVEvery line the fund disclosed, with the change against Oct 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 5.89%
- Δ weight
- down 0.38 pts
- Value
- ₹39.7 Cr
- Δ value
- up ₹83 L
- Status
- Added
- Weight
- 4.60%
- Δ weight
- down 0.12 pts
- Value
- ₹31.1 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 4.46%
- Δ weight
- up 0.92 pts
- Value
- ₹30.1 Cr
- Δ value
- up ₹8.2 Cr
- Status
- Added
- Weight
- 4.42%
- Δ weight
- up 0.70 pts
- Value
- ₹29.8 Cr
- Δ value
- up ₹6.8 Cr
- Status
- Added
- Weight
- 4.15%
- Δ weight
- down 0.13 pts
- Value
- ₹28 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 3.87%
- Δ weight
- down 0.18 pts
- Value
- ₹26.2 Cr
- Δ value
- up ₹99 L
- Status
- Added
- Weight
- 3.76%
- Δ weight
- down 0.34 pts
- Value
- ₹25.4 Cr
- Δ value
- down ₹4 L
- Status
- Held
- Weight
- 3.33%
- Δ weight
- up 0.32 pts
- Value
- ₹22.5 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 2.82%
- Δ weight
- up 0.54 pts
- Value
- ₹19 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 2.80%
- Δ weight
- up 0.16 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 2.80%
- Δ weight
- down 0.03 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 2.61%
- Δ weight
- down 0.05 pts
- Value
- ₹17.6 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 2.57%
- Δ weight
- up 0.37 pts
- Value
- ₹17.4 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 2.27%
- Δ weight
- up 0.17 pts
- Value
- ₹15.3 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 2.16%
- Δ weight
- up 0.01 pts
- Value
- ₹14.6 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.97%
- Δ weight
- down 0.05 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹79 L
- Status
- Added
- Weight
- 1.97%
- Δ weight
- down 0.14 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.87%
- Δ weight
- down 0.05 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹69 L
- Status
- Added
- Weight
- 1.80%
- Δ weight
- down 0.11 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 1.79%
- Δ weight
- up 0.18 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 1.78%
- Δ weight
- up 0.07 pts
- Value
- ₹12 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.63%
- Δ weight
- up 0.11 pts
- Value
- ₹11 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.63%
- Δ weight
- down 0.11 pts
- Value
- ₹11 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.56%
- Δ weight
- down 0.02 pts
- Value
- ₹10.6 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 1.56%
- Δ weight
- down 0.47 pts
- Value
- ₹10.5 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 1.50%
- Δ weight
- up 0.01 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹87 L
- Status
- Added
- Weight
- 1.50%
- Δ weight
- down 0.40 pts
- Value
- ₹10.1 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- up 0.27 pts
- Value
- ₹10 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.44%
- Δ weight
- down 0.15 pts
- Value
- ₹9.7 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.42%
- Δ weight
- down 0.09 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.42%
- Δ weight
- down 0.48 pts
- Value
- ₹9.6 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- down 0.04 pts
- Value
- ₹9.5 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.03 pts
- Value
- ₹9.3 Cr
- Δ value
- up ₹91 L
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.10 pts
- Value
- ₹9.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.32%
- Δ weight
- down 0.10 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.30%
- Δ weight
- down 0.01 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹64 L
- Status
- Added
- Weight
- 1.28%
- Δ weight
- down 0.03 pts
- Value
- ₹8.7 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 1.24%
- Δ weight
- down 0.10 pts
- Value
- ₹8.4 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.23%
- Δ weight
- up 0.04 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 1.21%
- Δ weight
- up 0.22 pts
- Value
- ₹8.2 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.19%
- Δ weight
- down 0.05 pts
- Value
- ₹8.1 Cr
- Δ value
- up ₹37 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.03 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹81 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.42 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 1.00 pts
- Value
- ₹6.7 Cr
- Δ value
- up ₹6.7 Cr
- Status
- New
- Weight
- 0.96%
- Δ weight
- down 0.08 pts
- Value
- ₹6.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.91%
- Δ weight
- down 0.05 pts
- Value
- ₹6.2 Cr
- Δ value
- up ₹17 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.55 pts
- Value
- ₹6 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.09 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.07 pts
- Value
- ₹5.9 Cr
- Δ value
- up ₹3 L
- Status
- Held
- Weight
- 0.52%
- Δ weight
- up 0.02 pts
- Value
- ₹3.5 Cr
- Δ value
- up ₹40 L
- Status
- Added
What changed, Oct 2023 to Nov 2023
New New positions (1)
- NCC Limited1.0% · ₹6.7 Cr
Exited Exited (1)
- Mahindra & Mahindra Limitedwas 1.2% · ₹7.6 Cr
Added Biggest additions
- Multi Commodity Exchange of India Limitedup ₹8.2 Cr (+0.92% pts)
- Trent Limitedup ₹6.8 Cr (+0.70% pts)
- Ratnamani Metals & Tubes Limitedup ₹4.9 Cr (+0.54% 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 Oct 2023, the weight rose most in Capital Markets (+0.9 pts) and Construction (+0.8 pts), and fell most in Banks (−1.3 pts) and Automobiles (−1.2 pts).
- Capital Markets3.6% → 4.5%+0.9 pts
- Construction15.1% → 16.0%+0.8 pts
- Retailing3.8% → 4.5%+0.7 pts
- Consumer Durables5.4% → 5.8%+0.4 pts
- Gas2.2% → 2.6%+0.4 pts
- Realty2.6% → 2.8%+0.2 pts
- Banks20.3% → 19.0%−1.3 pts
- Automobiles2.6% → 1.4%−1.2 pts
- Industrial Manufacturing3.1% → 2.8%−0.4 pts
- Auto Components2.6% → 2.4%−0.2 pts
- Cement & Cement Products5.8% → 5.6%−0.2 pts
- Petroleum Products4.1% → 3.9%−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 | Nov 2022 | May 2023 | Aug 2023 | Oct 2023 | Nov 2023 |
|---|---|---|---|---|---|
| Banks | 24.7% | 24.6% | 24.3% | 20.3% | 19.0% |
| Construction | 12.1% | 14.7% | 15.7% | 15.1% | 16.0% |
| Industrial Products | 10.2% | 10.5% | 12.2% | 10.7% | 10.7% |
| Consumer Durables | 5.8% | 5.0% | 5.2% | 5.4% | 5.8% |
| Cement & Cement Products | 6.3% | 4.6% | 4.4% | 5.8% | 5.6% |
| Capital Markets | — | 0.9% | 1.0% | 3.6% | 4.5% |
| Retailing | 3.6% | 2.9% | 3.5% | 3.8% | 4.5% |
| Petroleum Products | 4.3% | 4.7% | 4.3% | 4.1% | 3.9% |
| Electrical Equipment | 4.3% | 3.6% | 3.3% | 2.9% | 2.8% |
| Realty | 1.7% | 2.5% | 2.8% | 2.6% | 2.8% |
Allocation in Nov 2023change vs Oct 2023
- Banks (7)19.0%▼ 1.3 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, Nov 2023
1.4%
▼ 0.5 pts vs Oct 2023
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- 4.8%
- Nov 2022 · now ▼ 3.4 pts
- Last 12 months
- 1.4% – 4.5%
- 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.