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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
₹833 Cr
up ₹158 Cr vs Nov 2023
- Stocks held
- 52
- up 3 vs Nov 2023
- Top 10 weight
- 40.8%
- of the portfolio in its ten largest
- Cash & debt
- 2.2%
- cash, money market and debt
- Moves this month
- 10 in · 7 out
- added to 10, trimmed 9
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In April 2024 it disclosed 52 stocks worth ₹833 Cr, up ₹158 Cr from Nov 2023. Its largest positions were ICICI Bank Limited (5.9%), Trent Limited (5.7%), Reliance Industries Limited (4.8%); the ten largest together made up 40.8% of the portfolio, and Construction was the biggest sector at 18.0% of its equity. Cash and debt stood at 2.2%. Compared with Nov 2023 the fund entered 10 new stocks and exited 7.
Against 226 other Sectoral / Thematic funds
Concentration
37%
Top-10 weight is higher than 37% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
32%
Holds more cash than 32% of peers
Holdings in April 2024
Download CSVEvery line the fund disclosed, with the change against Nov 2023. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 5.87%
- Δ weight
- down 0.02 pts
- Value
- ₹48.9 Cr
- Δ value
- up ₹9.2 Cr
- Status
- Added
- Weight
- 5.66%
- Δ weight
- up 1.24 pts
- Value
- ₹47.2 Cr
- Δ value
- up ₹17.4 Cr
- Status
- Added
- Weight
- 4.77%
- Δ weight
- up 0.90 pts
- Value
- ₹39.8 Cr
- Δ value
- up ₹13.6 Cr
- Status
- Added
- Weight
- 4.65%
- Δ weight
- up 0.19 pts
- Value
- ₹38.7 Cr
- Δ value
- up ₹8.6 Cr
- Status
- Added
- Weight
- 4.31%
- Δ weight
- down 0.29 pts
- Value
- ₹35.9 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 3.69%
- Δ weight
- up 0.35 pts
- Value
- ₹30.7 Cr
- Δ value
- up ₹8.2 Cr
- Status
- Added
- Weight
- 3.28%
- Δ weight
- down 0.87 pts
- Value
- ₹27.3 Cr
- Δ value
- down ₹70 L
- Status
- Trimmed
- Weight
- 2.91%
- Δ weight
- up 0.33 pts
- Value
- ₹24.2 Cr
- Δ value
- up ₹6.9 Cr
- Status
- Added
- Weight
- 2.86%
- Δ weight
- up 0.06 pts
- Value
- ₹23.8 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 2.80%
- Δ weight
- up 0.64 pts
- Value
- ₹23.4 Cr
- Δ value
- up ₹8.8 Cr
- Status
- Added
- Weight
- 2.56%
- Δ weight
- down 0.24 pts
- Value
- ₹21.3 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 2.47%
- Δ weight
- up 0.60 pts
- Value
- ₹20.6 Cr
- Δ value
- up ₹8 Cr
- Status
- Added
- Weight
- 2.35%
- Δ weight
- down 0.27 pts
- Value
- ₹19.5 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 2.27%
- Δ weight
- down 1.50 pts
- Value
- ₹18.9 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 2.22%
- Δ weight
- up 0.80 pts
- Value
- ₹18.5 Cr
- Δ value
- up ₹8.9 Cr
- Status
- Added
- Weight
- 2.21%
- Δ weight
- up 0.73 pts
- Value
- ₹18.4 Cr
- Δ value
- up ₹8.4 Cr
- Status
- Added
- Weight
- 2.15%
- Δ weight
- up 0.37 pts
- Value
- ₹17.9 Cr
- Δ value
- up ₹5.9 Cr
- Status
- Added
- Weight
- 2.09%
- Δ weight
- up 0.46 pts
- Value
- ₹17.4 Cr
- Δ value
- up ₹6.4 Cr
- Status
- Added
- Weight
- 2.08%
- Δ weight
- up 2.08 pts
- Value
- ₹17.4 Cr
- Δ value
- up ₹17.4 Cr
- Status
- New
- Weight
- 1.86%
- Δ weight
- down 0.41 pts
- Value
- ₹15.5 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.70%
- Δ weight
- down 0.27 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹87 L
- Status
- Added
- Weight
- 1.67%
- Δ weight
- down 0.13 pts
- Value
- ₹13.9 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.51%
- Δ weight
- up 1.51 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹12.6 Cr
- Status
- New
- Weight
- 1.49%
- Δ weight
- up 0.30 pts
- Value
- ₹12.4 Cr
- Δ value
- up ₹4.4 Cr
- Status
- Added
- Weight
- 1.46%
- Δ weight
- down 1.36 pts
- Value
- ₹12.2 Cr
- Δ value
- down ₹6.9 Cr
- Status
- Trimmed
- Weight
- 1.46%
- Δ weight
- up 1.46 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹12.1 Cr
- Status
- New
- Weight
- 1.44%
- Δ weight
- up 0.14 pts
- Value
- ₹12 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 1.42%
- Δ weight
- up 0.10 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.43 pts
- Value
- ₹11.5 Cr
- Δ value
- down ₹69 L
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 1.36 pts
- Value
- ₹11.4 Cr
- Δ value
- up ₹11.4 Cr
- Status
- New
- Weight
- 1.25%
- Δ weight
- down 0.71 pts
- Value
- ₹10.5 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- down 0.25 pts
- Value
- ₹10.4 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.24%
- Δ weight
- up 0.03 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.24%
- Δ weight
- down 0.15 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 1.18%
- Δ weight
- up 0.18 pts
- Value
- ₹9.8 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.01 pts
- Value
- ₹9.3 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.08%
- Δ weight
- up 0.02 pts
- Value
- ₹9 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.08%
- Δ weight
- down 0.15 pts
- Value
- ₹9 Cr
- Δ value
- up ₹67 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 1.02 pts
- Value
- ₹8.5 Cr
- Δ value
- up ₹8.5 Cr
- Status
- New
- Weight
- 1.02%
- Δ weight
- down 0.38 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹94 L
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 1.02 pts
- Value
- ₹8.5 Cr
- Δ value
- up ₹8.5 Cr
- Status
- New
- Weight
- 1.01%
- Δ weight
- up 0.14 pts
- Value
- ₹8.4 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.12 pts
- Value
- ₹8.4 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.97 pts
- Value
- ₹8.1 Cr
- Δ value
- up ₹8.1 Cr
- Status
- New
- Weight
- 0.97%
- Δ weight
- down 0.60 pts
- Value
- ₹8.1 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- up 0.94 pts
- Value
- ₹7.8 Cr
- Δ value
- up ₹7.8 Cr
- Status
- New
- Weight
- 0.83%
- Δ weight
- down 0.08 pts
- Value
- ₹6.9 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 0.82%
- Δ weight
- down 0.62 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.46 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.76%
- Δ weight
- down 0.12 pts
- Value
- ₹6.3 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 0.56%
- Δ weight
- up 0.04 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 0.46%
- Δ weight
- up 0.46 pts
- Value
- ₹3.9 Cr
- Δ value
- up ₹3.9 Cr
- Status
- New
- Weight
- 0.42%
- Δ weight
- up 0.42 pts
- Value
- ₹3.5 Cr
- Δ value
- up ₹3.5 Cr
- Status
- New
What changed, Nov 2023 to Apr 2024
New New positions (10)
- Power Finance Corporation Limited2.1% · ₹17.4 Cr
- Sterling And Wilson Renewable Energy Limited1.5% · ₹12.6 Cr
- PB Fintech Limited1.5% · ₹12.1 Cr
- Time Technoplast Limited1.4% · ₹11.4 Cr
- Jindal Stainless Limited1.0% · ₹8.5 Cr
- REC Limited1.0% · ₹8.5 Cr
- Mangalore Chemicals & Fertilizers Limited1.0% · ₹8.1 Cr
- BSE Limited0.9% · ₹7.8 Cr
- Coal India Limited0.5% · ₹3.9 Cr
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 Nov 2023, the weight rose most in Finance (+3.1 pts) and Construction (+2.1 pts), and fell most in Banks (−4.8 pts) and Industrial Products (−2.4 pts).
- Finance0.9% → 3.9%+3.1 pts
- Construction16.0% → 18.0%+2.1 pts
- Financial Technology (fintech)0.0% → 1.5%new+1.5 pts
- Retailing4.5% → 5.8%+1.3 pts
- Capital Markets4.5% → 5.7%+1.2 pts
- Ferrous Metals0.0% → 1.0%new+1.0 pts
- Banks19.0% → 14.2%−4.8 pts
- Industrial Products10.7% → 8.3%−2.4 pts
- Industrial Manufacturing2.8% → 1.1%−1.7 pts
- Cement & Cement Products5.6% → 4.1%−1.5 pts
- Auto Components2.4% → 1.7%−0.7 pts
- Realty2.8% → 2.3%−0.6 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 | Apr 2023 | Oct 2023 | Nov 2023 | Nov 2023 | Apr 2024 |
|---|---|---|---|---|---|
| Construction | 14.5% | 15.1% | 16.0% | 16.0% | 18.0% |
| Banks | 26.5% | 20.3% | 19.0% | 19.0% | 14.2% |
| Industrial Products | 9.5% | 10.7% | 10.7% | 10.7% | 8.3% |
| Retailing | 2.6% | 3.8% | 4.5% | 4.5% | 5.8% |
| Capital Markets | 0.9% | 3.6% | 4.5% | 4.5% | 5.7% |
| Consumer Durables | 4.9% | 5.4% | 5.8% | 5.8% | 5.6% |
| Petroleum Products | 4.8% | 4.1% | 3.9% | 3.9% | 4.9% |
| Cement & Cement Products | 4.3% | 5.8% | 5.6% | 5.6% | 4.1% |
| Finance | 4.1% | 1.0% | 0.9% | 0.9% | 3.9% |
| Gas | 3.3% | 2.2% | 2.6% | 2.6% | 3.0% |
Allocation in Apr 2024change vs Nov 2023
- Construction (8)18.0%▲ 2.1 pts
- Banks (5)
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 2024
2.2%
▲ 0.8 pts vs Nov 2023
- Cash alone
- 2.2%
- cash and net receivables
- A year earlier
- 2.3%
- Apr 2023 · now ▼ 0.1 pts
- Last 12 months
- 1.4% – 4.1%
- 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.