Loading…
Sectoral / Thematic · HSBC Mutual Fund · AMFI code 151145HSBC Business Cycles Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹856 Cr
up ₹22.7 Cr vs Apr 2024
- Stocks held
- 54
- up 2 vs Apr 2024
- Top 10 weight
- 40.2%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
- added to 10, trimmed 21
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In May 2024 it disclosed 54 stocks worth ₹856 Cr, up ₹22.7 Cr from Apr 2024. Its largest positions were Trent Limited (5.7%), ICICI Bank Limited (5.6%), Reliance Industries Limited (4.5%); the ten largest together made up 40.2% of the portfolio, and Construction was the biggest sector at 18.1% of its equity. Cash and debt stood at 1.4%. Compared with Apr 2024 the fund entered 2 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
34%
Top-10 weight is higher than 34% of peers
Breadth
77%
Holds more stocks than 77% of peers
Cash
22%
Holds more cash than 22% of peers
Holdings in May 2024
Download CSVEvery line the fund disclosed, with the change against Apr 2024. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 5.70%
- Δ weight
- up 0.04 pts
- Value
- ₹48.8 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 5.57%
- Δ weight
- down 0.30 pts
- Value
- ₹47.6 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 4.53%
- Δ weight
- down 0.24 pts
- Value
- ₹38.8 Cr
- Δ value
- down ₹99 L
- Status
- Trimmed
- Weight
- 4.28%
- Δ weight
- down 0.03 pts
- Value
- ₹36.7 Cr
- Δ value
- up ₹75 L
- Status
- Added
- Weight
- 4.00%
- Δ weight
- down 0.65 pts
- Value
- ₹34.2 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 3.76%
- Δ weight
- up 0.08 pts
- Value
- ₹32.2 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 3.46%
- Δ weight
- up 0.65 pts
- Value
- ₹29.6 Cr
- Δ value
- up ₹6.2 Cr
- Status
- Added
- Weight
- 3.22%
- Δ weight
- down 0.06 pts
- Value
- ₹27.5 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 3.17%
- Δ weight
- up 0.61 pts
- Value
- ₹27.1 Cr
- Δ value
- up ₹5.8 Cr
- Status
- Added
- Weight
- 2.52%
- Δ weight
- up 0.31 pts
- Value
- ₹21.6 Cr
- Δ value
- up ₹3.2 Cr
- Status
- Added
- Weight
- 2.46%
- Δ weight
- down 0.40 pts
- Value
- ₹21 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 2.39%
- Δ weight
- down 0.52 pts
- Value
- ₹20.4 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 2.27%
- Δ weight
- down 0.08 pts
- Value
- ₹19.4 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 2.26%
- Δ weight
- up 0.18 pts
- Value
- ₹19.4 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 2.26%
- Δ weight
- up 0.80 pts
- Value
- ₹19.3 Cr
- Δ value
- up ₹7.2 Cr
- Status
- Added
- Weight
- 2.22%
- Δ weight
- down 0.05 pts
- Value
- ₹19 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 2.21%
- Δ weight
- up 0.06 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹96 L
- Status
- Added
- Weight
- 2.17%
- Δ weight
- down 0.30 pts
- Value
- ₹18.6 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 2.06%
- Δ weight
- down 0.03 pts
- Value
- ₹17.6 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.75%
- Δ weight
- down 0.11 pts
- Value
- ₹15 Cr
- Δ value
- down ₹54 L
- Status
- Trimmed
- Weight
- 1.60%
- Δ weight
- down 0.07 pts
- Value
- ₹13.7 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 1.59%
- Δ weight
- up 0.18 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.57%
- Δ weight
- up 0.06 pts
- Value
- ₹13.4 Cr
- Δ value
- up ₹88 L
- Status
- Added
- Weight
- 1.53%
- Δ weight
- up 0.07 pts
- Value
- ₹13.1 Cr
- Δ value
- up ₹94 L
- Status
- Added
- Weight
- 1.50%
- Δ weight
- up 0.26 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.45%
- Δ weight
- down 0.78 pts
- Value
- ₹12.4 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.45%
- Δ weight
- up 0.19 pts
- Value
- ₹12.4 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- down 0.11 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹64 L
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 0.18 pts
- Value
- ₹11.6 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.35%
- Δ weight
- down 0.09 pts
- Value
- ₹11.6 Cr
- Δ value
- down ₹40 L
- Status
- Trimmed
- Weight
- 1.33%
- Δ weight
- down 0.04 pts
- Value
- ₹11.4 Cr
- Δ value
- down ₹2 L
- Status
- Held
- Weight
- 1.27%
- Δ weight
- up 0.04 pts
- Value
- ₹10.9 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 1.27%
- Δ weight
- down 0.43 pts
- Value
- ₹10.8 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- up 0.24 pts
- Value
- ₹10.7 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.22%
- Δ weight
- up 0.14 pts
- Value
- ₹10.5 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 1.16%
- Δ weight
- up 0.05 pts
- Value
- ₹10 Cr
- Δ value
- up ₹65 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- down 0.25 pts
- Value
- ₹9.6 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- up 0.09 pts
- Value
- ₹9.6 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.15 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- up 0.03 pts
- Value
- ₹9 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.06 pts
- Value
- ₹8.8 Cr
- Δ value
- up ₹69 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.03 pts
- Value
- ₹8.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.99%
- Δ weight
- down 0.10 pts
- Value
- ₹8.5 Cr
- Δ value
- down ₹58 L
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- down 0.09 pts
- Value
- ₹7.9 Cr
- Δ value
- down ₹50 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.06 pts
- Value
- ₹7.6 Cr
- Δ value
- down ₹27 L
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- up 0.03 pts
- Value
- ₹7.3 Cr
- Δ value
- up ₹46 L
- Status
- Added
- Weight
- 0.85%
- Δ weight
- down 0.11 pts
- Value
- ₹7.3 Cr
- Δ value
- down ₹76 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- down 0.04 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- down 0.03 pts
- Value
- ₹6.7 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- up 0.01 pts
- Value
- ₹6.6 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 0.56%
- Δ weight
- up 0.01 pts
- Value
- ₹4.8 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 0.56%
- Δ weight
- up 0.56 pts
- Value
- ₹4.8 Cr
- Δ value
- up ₹4.8 Cr
- Status
- New
- Weight
- 0.49%
- Δ weight
- up 0.02 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.37%
- Δ weight
- down 0.05 pts
- Value
- ₹3.2 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- up 0.26 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- New
What changed, Apr 2024 to May 2024
New New positions (2)
- Suzlon Energy Limited0.6% · ₹4.8 Cr
- Transformers And Rectifiers (India) Limited0.3% · ₹2.2 Cr
Exited Exited (0)
None.
Added Biggest additions
- PB Fintech Limitedup ₹7.2 Cr (+0.80% pts)
- Bharat Electronics Limitedup ₹6.2 Cr (+0.65% pts)
- ABB India Limitedup ₹5.8 Cr (+0.61% pts)
- Kirloskar Pneumatic Company 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 2024, the weight rose most in Electrical Equipment (+1.4 pts) and Financial Technology (fintech) (+0.8 pts), and fell most in Capital Markets (−0.8 pts) and Banks (−0.7 pts).
- Electrical Equipment2.6% → 4.0%+1.4 pts
- Financial Technology (fintech)1.5% → 2.3%+0.8 pts
- Aerospace & Defense2.9% → 3.5%+0.6 pts
- Industrial Products8.3% → 8.7%+0.3 pts
- Finance3.9% → 4.1%+0.2 pts
- Industrial Manufacturing1.1% → 1.2%+0.1 pts
- Capital Markets5.7% → 5.0%−0.8 pts
- Banks14.2% → 13.5%−0.7 pts
- Gas3.0% → 2.4%−0.6 pts
- Cement & Cement Products4.1% → 3.6%−0.5 pts
- Leisure Services2.5% → 2.2%−0.3 pts
- Petroleum Products4.9% → 4.6%−0.3 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 | May 2023 | Nov 2023 | Nov 2023 | Apr 2024 | May 2024 |
|---|---|---|---|---|---|
| Construction | 14.7% | 16.0% | 16.0% | 18.0% | 18.1% |
| Banks | 24.6% | 19.0% | 19.0% | 14.2% | 13.5% |
| Industrial Products | 10.5% | 10.7% | 10.7% | 8.3% | 8.7% |
| Retailing | 2.9% | 4.5% | 4.5% | 5.8% | 5.8% |
| Consumer Durables | 5.0% | 5.8% | 5.8% | 5.6% | 5.4% |
| Capital Markets | 0.9% | 4.5% | 4.5% | 5.7% | 5.0% |
| Petroleum Products | 4.7% | 3.9% | 3.9% | 4.9% | 4.6% |
| Finance | 4.0% | 0.9% | 0.9% | 3.9% | 4.1% |
| Electrical Equipment | 3.6% | 2.8% | 2.8% | 2.6% | 4.0% |
| Cement & Cement Products | 4.6% | 5.6% | 5.6% | 4.1% | 3.6% |
Allocation in May 2024change vs Apr 2024
- Construction (8)18.1%▲ 0.1 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 2024
1.4%
▼ 0.8 pts vs Apr 2024
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 2.8%
- May 2023 · now ▼ 1.3 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.