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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
₹1,035 Cr
up ₹111 Cr vs Jun 2024
- Stocks held
- 59
- up 4 vs Jun 2024
- Top 10 weight
- 38.3%
- of the portfolio in its ten largest
- Cash & debt
- 3.7%
- cash, money market and debt
- Moves this month
- 11 in · 7 out
- added to 10, trimmed 26
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In December 2024 it disclosed 59 stocks worth ₹1,035 Cr, up ₹111 Cr from Jun 2024. Its largest positions were Trent Limited (6.6%), Multi Commodity Exchange of India Limited (5.7%), ICICI Bank Limited (5.3%); the ten largest together made up 38.3% of the portfolio, and Construction was the biggest sector at 13.7% of its equity. Cash and debt stood at 3.7%. Compared with Jun 2024 the fund entered 11 new stocks and exited 7.
Against 226 other Sectoral / Thematic funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
55%
Holds more cash than 55% of peers
Holdings in December 2024
Download CSVEvery line the fund disclosed, with the change against Jun 2024. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.58%
- Δ weight
- up 0.24 pts
- Value
- ₹68.2 Cr
- Δ value
- up ₹9.5 Cr
- Status
- Added
- Weight
- 5.68%
- Δ weight
- up 1.68 pts
- Value
- ₹58.8 Cr
- Δ value
- up ₹21.8 Cr
- Status
- Added
- Weight
- 5.26%
- Δ weight
- down 0.25 pts
- Value
- ₹54.5 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 3.67%
- Δ weight
- up 2.20 pts
- Value
- ₹38 Cr
- Δ value
- up ₹24.4 Cr
- Status
- Added
- Weight
- 3.41%
- Δ weight
- down 1.18 pts
- Value
- ₹35.3 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 3.31%
- Δ weight
- up 0.04 pts
- Value
- ₹34.3 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 3.04%
- Δ weight
- up 0.78 pts
- Value
- ₹31.5 Cr
- Δ value
- up ₹10.6 Cr
- Status
- Added
- Weight
- 2.85%
- Δ weight
- down 0.98 pts
- Value
- ₹29.5 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 2.83%
- Δ weight
- down 0.48 pts
- Value
- ₹29.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 2.72%
- Δ weight
- down 0.98 pts
- Value
- ₹28.2 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 2.61%
- Δ weight
- up 0.55 pts
- Value
- ₹27.1 Cr
- Δ value
- up ₹8 Cr
- Status
- Added
- Weight
- 2.47%
- Δ weight
- up 0.36 pts
- Value
- ₹25.6 Cr
- Δ value
- up ₹6 Cr
- Status
- Added
- Weight
- 2.39%
- Δ weight
- down 0.18 pts
- Value
- ₹24.7 Cr
- Δ value
- up ₹95 L
- Status
- Added
- Weight
- 2.29%
- Δ weight
- down 0.44 pts
- Value
- ₹23.7 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 2.25%
- Δ weight
- down 0.17 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹89 L
- Status
- Added
- Weight
- 2.18%
- Δ weight
- down 0.82 pts
- Value
- ₹22.5 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 2.16%
- Δ weight
- down 0.31 pts
- Value
- ₹22.4 Cr
- Δ value
- down ₹47 L
- Status
- Trimmed
- Weight
- 2.11%
- Δ weight
- down 0.07 pts
- Value
- ₹21.9 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 1.96%
- Δ weight
- up 0.53 pts
- Value
- ₹20.3 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- up 0.14 pts
- Value
- ₹20 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 1.85%
- Δ weight
- up 0.07 pts
- Value
- ₹19.1 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 1.81%
- Δ weight
- up 1.02 pts
- Value
- ₹18.7 Cr
- Δ value
- up ₹11.5 Cr
- Status
- Added
- Weight
- 1.76%
- Δ weight
- down 0.34 pts
- Value
- ₹18.2 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- up 0.53 pts
- Value
- ₹17.4 Cr
- Δ value
- up ₹6.7 Cr
- Status
- Added
- Weight
- 1.51%
- Δ weight
- up 0.38 pts
- Value
- ₹15.7 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 1.40%
- Δ weight
- up 1.40 pts
- Value
- ₹14.5 Cr
- Δ value
- up ₹14.5 Cr
- Status
- New
- Weight
- 1.31%
- Δ weight
- up 1.31 pts
- Value
- ₹13.6 Cr
- Δ value
- up ₹13.6 Cr
- Status
- New
- Weight
- 1.27%
- Δ weight
- up 0.18 pts
- Value
- ₹13.2 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Weight
- 1.26%
- Δ weight
- up 1.26 pts
- Value
- ₹13.1 Cr
- Δ value
- up ₹13.1 Cr
- Status
- New
- Weight
- 1.23%
- Δ weight
- up 0.65 pts
- Value
- ₹12.7 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- down 0.26 pts
- Value
- ₹12.4 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 1.19 pts
- Value
- ₹12.4 Cr
- Δ value
- up ₹12.4 Cr
- Status
- New
- Weight
- 1.18%
- Δ weight
- up 1.18 pts
- Value
- ₹12.2 Cr
- Δ value
- up ₹12.2 Cr
- Status
- New
- Weight
- 1.16%
- Δ weight
- down 0.30 pts
- Value
- ₹12 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.14%
- Δ weight
- down 0.13 pts
- Value
- ₹11.8 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 1.13%
- Δ weight
- down 0.34 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 1.09 pts
- Value
- ₹11.3 Cr
- Δ value
- up ₹11.3 Cr
- Status
- New
- Weight
- 1.06%
- Δ weight
- down 0.94 pts
- Value
- ₹11 Cr
- Δ value
- down ₹7.5 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.16 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down 0.50 pts
- Value
- ₹9.2 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.48 pts
- Value
- ₹9 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- down 0.24 pts
- Value
- ₹8.7 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.26 pts
- Value
- ₹8.4 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.81%
- Δ weight
- down 0.14 pts
- Value
- ₹8.4 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- down 0.29 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.76%
- Δ weight
- up 0.76 pts
- Value
- ₹7.8 Cr
- Δ value
- up ₹7.8 Cr
- Status
- New
- Weight
- 0.70%
- Δ weight
- up 0.16 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 0.68%
- Δ weight
- down 0.65 pts
- Value
- ₹7 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- down 0.74 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- down 0.27 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- down 0.21 pts
- Value
- ₹6.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.25 pts
- Value
- ₹5.8 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- down 0.91 pts
- Value
- ₹5.6 Cr
- Δ value
- down ₹7.8 Cr
- Status
- Trimmed
- Weight
- 0.51%
- Δ weight
- up 0.51 pts
- Value
- ₹5.2 Cr
- Δ value
- up ₹5.2 Cr
- Status
- New
- Weight
- 0.50%
- Δ weight
- down 0.39 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 0.48%
- Δ weight
- up 0.48 pts
- Value
- ₹4.9 Cr
- Δ value
- up ₹4.9 Cr
- Status
- New
- Weight
- 0.47%
- Δ weight
- up 0.47 pts
- Value
- ₹4.9 Cr
- Δ value
- up ₹4.9 Cr
- Status
- New
- Weight
- 0.40%
- Δ weight
- up 0.04 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹78 L
- Status
- Added
- Weight
- 0.35%
- Δ weight
- up 0.10 pts
- Value
- ₹3.6 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Bharat Bijlee LimitedBharat Bijlee Ltd. · history in this fund
- Weight
- 0.32%
- Δ weight
- up 0.32 pts
- Value
- ₹3.3 Cr
- Δ value
- up ₹3.3 Cr
- Status
- New
What changed, Jun 2024 to Dec 2024
New New positions (11)
- Epigral Limited1.4% · ₹14.5 Cr
- PNB Housing Finance Limited1.3% · ₹13.6 Cr
- Indian Energy Exchange Limited1.3% · ₹13.1 Cr
- Hindustan Aeronautics Limited1.2% · ₹12.4 Cr
- GE Vernova T&D India Limited1.2% · ₹12.2 Cr
- Bansal Wire Industries Limited1.1% · ₹11.3 Cr
- Pitti Engineering Ltd.0.8% · ₹7.8 Cr
- Ganesha Ecosphere Limited0.5% · ₹5.2 Cr
- Indo Count Industries Limited0.5% · ₹4.9 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 Jun 2024, the weight rose most in Capital Markets (+4.7 pts) and Chemicals & Petrochemicals (+1.7 pts), and fell most in Construction (−3.9 pts) and Banks (−1.8 pts).
- Capital Markets4.9% → 9.6%+4.7 pts
- Chemicals & Petrochemicals1.1% → 2.8%+1.7 pts
- Finance3.9% → 5.5%+1.7 pts
- Electrical Equipment3.9% → 5.5%+1.6 pts
- Textiles & Apparels1.8% → 3.0%+1.2 pts
- Financial Technology (fintech)2.3% → 3.2%+0.9 pts
- Construction17.6% → 13.7%−3.9 pts
- Banks13.0% → 11.2%−1.8 pts
- Industrial Products8.3% → 6.6%−1.7 pts
- Transport Services1.3% → 0.0%exited−1.3 pts
- Petroleum Products4.7% → 3.5%−1.1 pts
- Realty2.3% → 1.2%−1.1 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 2023 | Jun 2024 | Jun 2024 | Jun 2024 | Dec 2024 |
|---|---|---|---|---|---|
| Construction | 16.0% | 17.6% | 17.6% | 17.6% | 13.7% |
| Banks | 19.0% | 13.0% | 13.0% | 13.0% | 11.2% |
| Capital Markets | 4.5% | 4.9% | 4.9% | 4.9% | 9.6% |
| Retailing | 4.5% | 6.4% | 6.4% | 6.4% | 6.8% |
| Industrial Products | 10.7% | 8.3% | 8.3% | 8.3% | 6.6% |
| Consumer Durables | 5.8% | 5.5% | 5.5% | 5.5% | 6.1% |
| Finance | 0.9% | 3.9% | 3.9% | 3.9% | 5.5% |
| Electrical Equipment | 2.8% | 3.9% | 3.9% | 3.9% | 5.5% |
| Aerospace & Defense | 2.2% | 3.4% | 3.4% | 3.4% | 4.2% |
| Petroleum Products | 3.9% | 4.7% | 4.7% | 4.7% | 3.5% |
Allocation in Dec 2024change vs Jun 2024
- Construction (8)13.7%▼ 3.9 pts
- Banks (4)11.2%▼ 1.8 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, Dec 2024
3.7%
▲ 2.2 pts vs Jun 2024
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.4% – 3.7%
- 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.