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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
₹925 Cr
up ₹68.7 Cr vs May 2024
- Stocks held
- 55
- up 1 vs May 2024
- Top 10 weight
- 40.3%
- of the portfolio in its ten largest
- Cash & debt
- 1.5%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 10
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In June 2024 it disclosed 55 stocks worth ₹925 Cr, up ₹68.7 Cr from May 2024. Its largest positions were Trent Limited (6.3%), ICICI Bank Limited (5.5%), Reliance Industries Limited (4.6%); the ten largest together made up 40.3% of the portfolio, and Construction was the biggest sector at 17.6% of its equity. Cash and debt stood at 1.5%. Compared with May 2024 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
35%
Top-10 weight is higher than 35% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
23%
Holds more cash than 23% of peers
Holdings in June 2024
Download CSVEvery line the fund disclosed, with the change against May 2024. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.34%
- Δ weight
- up 0.64 pts
- Value
- ₹58.6 Cr
- Δ value
- up ₹9.9 Cr
- Status
- Added
- Weight
- 5.51%
- Δ weight
- down 0.05 pts
- Value
- ₹51 Cr
- Δ value
- up ₹3.3 Cr
- Status
- Added
- Weight
- 4.59%
- Δ weight
- up 0.06 pts
- Value
- ₹42.5 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 4.00%
- Δ weight
- up <0.01 pts
- Value
- ₹37 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 3.83%
- Δ weight
- down 0.45 pts
- Value
- ₹35.5 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 3.71%
- Δ weight
- down 0.06 pts
- Value
- ₹34.3 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 3.31%
- Δ weight
- down 0.15 pts
- Value
- ₹30.6 Cr
- Δ value
- up ₹100 L
- Status
- Added
- Weight
- 3.27%
- Δ weight
- up 0.06 pts
- Value
- ₹30.3 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 2.99%
- Δ weight
- down 0.17 pts
- Value
- ₹27.7 Cr
- Δ value
- up ₹56 L
- Status
- Added
- Weight
- 2.73%
- Δ weight
- up 0.34 pts
- Value
- ₹25.2 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 2.57%
- Δ weight
- up 0.05 pts
- Value
- ₹23.8 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 2.47%
- Δ weight
- up 0.20 pts
- Value
- ₹22.9 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 2.43%
- Δ weight
- down 0.03 pts
- Value
- ₹22.4 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.25%
- Δ weight
- down <0.01 pts
- Value
- ₹20.8 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 2.19%
- Δ weight
- up 0.13 pts
- Value
- ₹20.2 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 2.12%
- Δ weight
- down 0.09 pts
- Value
- ₹19.6 Cr
- Δ value
- up ₹70 L
- Status
- Added
- Weight
- 2.10%
- Δ weight
- down 0.12 pts
- Value
- ₹19.4 Cr
- Δ value
- up ₹43 L
- Status
- Added
- Weight
- 2.06%
- Δ weight
- down 0.20 pts
- Value
- ₹19.1 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 2.00%
- Δ weight
- down 0.17 pts
- Value
- ₹18.5 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 1.79%
- Δ weight
- up 0.04 pts
- Value
- ₹16.6 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 1.78%
- Δ weight
- up 0.18 pts
- Value
- ₹16.5 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 1.48%
- Δ weight
- down 0.09 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.47%
- Δ weight
- up 0.02 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.46%
- Δ weight
- up 0.24 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Weight
- 1.46%
- Δ weight
- down 0.04 pts
- Value
- ₹13.5 Cr
- Δ value
- up ₹65 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up <0.01 pts
- Value
- ₹13.4 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 1.44%
- Δ weight
- up 0.11 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- up 0.03 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.22 pts
- Value
- ₹12.7 Cr
- Δ value
- down ₹96 L
- Status
- Trimmed
- Weight
- 1.35%
- Δ weight
- up 0.10 pts
- Value
- ₹12.5 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.33%
- Δ weight
- up 0.06 pts
- Value
- ₹12.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.06 pts
- Value
- ₹11.9 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 1.28%
- Δ weight
- up 0.01 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹93 L
- Status
- Added
- Weight
- 1.15%
- Δ weight
- up 0.16 pts
- Value
- ₹10.6 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.13%
- Δ weight
- up 0.11 pts
- Value
- ₹10.5 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- down 0.42 pts
- Value
- ₹10.3 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- down 0.03 pts
- Value
- ₹10.1 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- down 0.08 pts
- Value
- ₹10 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- up 0.08 pts
- Value
- ₹10 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 1.07%
- Δ weight
- down 0.05 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹35 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- down 0.03 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.34 pts
- Value
- ₹9.6 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.10 pts
- Value
- ₹8.8 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- up 0.04 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹99 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.03 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 0.82%
- Δ weight
- up 0.05 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹97 L
- Status
- Added
- Weight
- 0.82%
- Δ weight
- down 0.04 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹25 L
- Status
- Added
- Weight
- 0.81%
- Δ weight
- up 0.02 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹77 L
- Status
- Added
- Weight
- 0.78%
- Δ weight
- down 0.10 pts
- Value
- ₹7.2 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down 0.04 pts
- Value
- ₹6.9 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.57%
- Δ weight
- up 0.02 pts
- Value
- ₹5.3 Cr
- Δ value
- up ₹52 L
- Status
- Added
- Weight
- 0.54%
- Δ weight
- up 0.54 pts
- Value
- ₹5 Cr
- Δ value
- up ₹5 Cr
- Status
- New
- Weight
- 0.51%
- Δ weight
- down 0.06 pts
- Value
- ₹4.7 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 0.43%
- Δ weight
- down 0.05 pts
- Value
- ₹4 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- down 0.01 pts
- Value
- ₹3.4 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 0.25%
- Δ weight
- down 0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹7 L
- Status
- Added
What changed, May 2024 to Jun 2024
New New positions (1)
- Amara Raja Batteries Limited0.5% · ₹5 Cr
Exited Exited (0)
None.
Added Biggest additions
- Trent Limitedup ₹9.9 Cr (+0.64% pts)
- Aegis Logistics Limitedup ₹4.8 Cr (+0.34% pts)
- Reliance Industries Limitedup ₹3.7 Cr (+0.06% pts)
- UltraTech Cement Limitedup ₹3.4 Cr (+0.20% 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 2024, the weight rose most in Retailing (+0.7 pts) and Auto Components (+0.6 pts), and fell most in Construction (−0.5 pts) and Banks (−0.5 pts).
- Retailing5.8% → 6.4%+0.7 pts
- Auto Components1.7% → 2.3%+0.6 pts
- Gas2.4% → 2.8%+0.3 pts
- Cement & Cement Products3.6% → 3.9%+0.3 pts
- Industrial Manufacturing1.2% → 1.5%+0.2 pts
- Cement2.1% → 2.2%+0.1 pts
- Construction18.1% → 17.6%−0.5 pts
- Banks13.5% → 13.0%−0.5 pts
- Industrial Products8.7% → 8.3%−0.3 pts
- Finance4.1% → 3.9%−0.3 pts
- Leisure Services2.2% → 2.0%−0.2 pts
- Electrical Equipment4.0% → 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 | Jun 2023 | Nov 2023 | Nov 2023 | May 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Construction | 14.0% | 16.0% | 16.0% | 18.1% | 17.6% |
| Banks | 24.1% | 19.0% | 19.0% | 13.5% | 13.0% |
| Industrial Products | 11.9% | 10.7% | 10.7% | 8.7% | 8.3% |
| Retailing | 3.2% | 4.5% | 4.5% | 5.8% | 6.4% |
| Consumer Durables | 5.0% | 5.8% | 5.8% | 5.4% | 5.5% |
| Capital Markets | 0.9% | 4.5% | 4.5% | 5.0% | 4.9% |
| Petroleum Products | 4.8% | 3.9% | 3.9% | 4.6% | 4.7% |
| Finance | 4.1% | 0.9% | 0.9% | 4.1% | 3.9% |
| Electrical Equipment | 3.7% | 2.8% | 2.8% | 4.0% | 3.9% |
| Cement & Cement Products | 4.8% | 5.6% | 5.6% | 3.6% | 3.9% |
Allocation in Jun 2024change vs May 2024
- Construction (8)17.6%▼ 0.5 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 2024
1.5%
unchanged vs May 2024
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- 2.9%
- Jun 2023 · now ▼ 1.4 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.