Loading…
Sectoral / Thematic · HSBC Mutual Fund · AMFI code 151145HSBC Business Cycles Fund
Disclosed for 26 months, Nov 2022 to Aug 2026.
Portfolio value
₹620 Cr
down ₹18.7 Cr vs Sep 2023
- Stocks held
- 49
- up 2 vs Sep 2023
- Top 10 weight
- 39.2%
- of the portfolio in its ten largest
- Cash & debt
- 1.9%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
- added to 10, trimmed 31
HSBC Business Cycles Fund is an active equity fund in the Sectoral / Thematic category from HSBC Mutual Fund. In October 2023 it disclosed 49 stocks worth ₹620 Cr, down ₹18.7 Cr from Sep 2023. Its largest positions were ICICI Bank Limited (6.3%), Larsen & Toubro Limited (4.7%), HDFC Bank Limited (4.3%); the ten largest together made up 39.2% of the portfolio, and Banks was the biggest sector at 20.3% of its equity. Cash and debt stood at 1.9%. Compared with Sep 2023 the fund entered 2 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
30%
Top-10 weight is higher than 30% of peers
Breadth
63%
Holds more stocks than 63% of peers
Cash
28%
Holds more cash than 28% of peers
What these mean: concentration · cash
Holdings in October 2023
Download CSVEvery line the fund disclosed, with the change against Sep 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 6.27% | down 0.06 pts | ₹38.9 Cr | down ₹1.6 Cr | Trimmed |
| Larsen & Toubro Limited | 4.72% | down 0.01 pts | ₹29.3 Cr | down ₹94 L | Trimmed |
| HDFC Bank Limited | 4.28% | down 1.01 pts | ₹26.5 Cr | down ₹7.2 Cr | Trimmed |
| State Bank of India | 4.10% | down 0.11 pts | ₹25.4 Cr | down ₹1.5 Cr | Trimmed |
| Reliance Industries Limited | 4.06% | up 0.02 pts | ₹25.2 Cr | down ₹63 L | Trimmed |
| Trent Limited | 3.72% | up 0.23 pts | ₹23.1 Cr | up ₹80 L | Added |
| Multi Commodity Exchange of India Limited | 3.54% | up 0.76 pts | ₹22 Cr | up ₹4.2 Cr | Added |
| Ahluwalia Contracts (India) Limited | 3.01% | down 0.02 pts | ₹18.7 Cr | down ₹66 L | Trimmed |
| ABB India Limited | 2.83% | down 0.15 pts | ₹17.5 Cr | down ₹1.5 Cr | Trimmed |
| UltraTech Cement Limited | 2.66% | up 0.13 pts | ₹16.5 Cr | up ₹33 L | Added |
| Power Mech Projects Limited | 2.64% | down 0.34 pts | ₹16.4 Cr | down ₹2.7 Cr | Trimmed |
| Ratnamani Metals & Tubes Limited | 2.27% | down 0.29 pts | ₹14.1 Cr | down ₹2.3 Cr | Trimmed |
| Aegis Logistics Limited | 2.20% | down 0.21 pts | ₹13.7 Cr | down ₹1.7 Cr | Trimmed |
| Bharat Electronics Limited | 2.15% | down 0.02 pts | ₹13.3 Cr | down ₹51 L | Trimmed |
| Timken India Limited | 2.11% | down 0.08 pts | ₹13.1 Cr | down ₹88 L | Trimmed |
| Gokaldas Exports Limited | 2.11% | up 2.11 pts | ₹13.1 Cr | up ₹13.1 Cr | New |
| Carborundum Universal Limited | 2.03% | down 0.64 pts | ₹12.6 Cr | down ₹4.5 Cr | Trimmed |
| Birla Corporation Limited | 2.02% | up 0.13 pts | ₹12.5 Cr | up ₹43 L | Added |
| EIH Limited | 1.92% | up 0.07 pts | ₹11.9 Cr | up ₹10 L | Added |
| Gujarat Fluorochemicals Limited | 1.90% | down 0.13 pts | ₹11.8 Cr | down ₹1.2 Cr | Trimmed |
| GMM Pfaudler Limited | 1.90% | down 0.35 pts | ₹11.8 Cr | down ₹2.6 Cr | Trimmed |
| Cash, TREPS & receivables | 1.90% | down 2.23 pts | ₹11.8 Cr | down ₹14.6 Cr | Trimmed |
| IndusInd Bank Limited | 1.74% | up 0.07 pts | ₹10.8 Cr | up ₹9 L | Added |
| Blue Star Limited | 1.71% | up 0.07 pts | ₹10.6 Cr | up ₹11 L | Added |
| KEC International Limited | 1.62% | down 0.04 pts | ₹10 Cr | down ₹55 L | Trimmed |
| Sundram Fasteners Limited | 1.59% | up 0.04 pts | ₹9.9 Cr | down ₹4 L | Held |
| MAHINDRA LIFESPACE DEVELOPERS LTD | 1.58% | down 0.14 pts | ₹9.8 Cr | down ₹1.2 Cr | Trimmed |
| Century Textiles & Industries Limited | 1.52% | up 0.95 pts | ₹9.5 Cr | up ₹5.8 Cr | Added |
| AIA Engineering Limited | 1.52% | up 0.05 pts | ₹9.4 Cr | up ₹1 L | Held |
| Titan Company Limited | 1.49% | up 0.06 pts | ₹9.2 Cr | up ₹12 L | Added |
| H.G. Infra Engineering Limited | 1.44% | down 0.03 pts | ₹8.9 Cr | down ₹48 L | Trimmed |
| Kajaria Ceramics Limited | 1.44% | down 0.03 pts | ₹8.9 Cr | down ₹43 L | Trimmed |
| PNC Infratech Limited | 1.42% | down 0.09 pts | ₹8.8 Cr | down ₹83 L | Trimmed |
| PI Industries Limited | 1.36% | up 0.02 pts | ₹8.4 Cr | down ₹13 L | Trimmed |
| Kotak Mahindra Bank Limited | 1.34% | up 0.04 pts | ₹8.3 Cr | up ₹2 L | Held |
| APL Apollo Tubes Limited | 1.31% | down 0.01 pts | ₹8.1 Cr | down ₹31 L | Trimmed |
| VRL Logistics Limited | 1.31% | down 0.07 pts | ₹8.1 Cr | down ₹68 L | Trimmed |
| TVS Motor Company Limited | 1.28% | up 0.09 pts | ₹8 Cr | up ₹34 L | Added |
| Canara Bank | 1.24% | up 0.06 pts | ₹7.7 Cr | up ₹16 L | Added |
| Mahindra & Mahindra Limited | 1.23% | down 0.04 pts | ₹7.6 Cr | down ₹50 L | Trimmed |
| Kirloskar Pneumatic Company Limited | 1.21% | up 0.28 pts | ₹7.5 Cr | up ₹1.6 Cr | Added |
| INDIAN HUME PIPE COMPANY LIMITED | 1.19% | down 0.07 pts | ₹7.4 Cr | down ₹67 L | Trimmed |
| Hindalco Industries Limited | 1.07% | down 0.04 pts | ₹6.6 Cr | down ₹48 L | Trimmed |
| The Ramco Cements Limited | 1.04% | up 1.04 pts | ₹6.4 Cr | up ₹6.4 Cr | New |
| Brigade Enterprises Limited | 0.99% | up 0.10 pts | ₹6.2 Cr | up ₹48 L | Added |
| Cholamandalam Investment and Finance Company Limited | 0.97% | down 0.04 pts | ₹6 Cr | down ₹43 L | Trimmed |
| Motherson Sumi Wiring India Limited | 0.97% | down 0.04 pts | ₹6 Cr | down ₹45 L | Trimmed |
| Bank of Baroda | 0.95% | down 0.06 pts | ₹5.9 Cr | down ₹53 L | Trimmed |
| Amber Enterprises India Limited | 0.64% | up 0.01 pts | ₹4 Cr | down ₹6 L | Trimmed |
| Container Corporation of India Limited | 0.50% | down 0.01 pts | ₹3.1 Cr | down ₹13 L | Trimmed |
What changed, Sep 2023 to Oct 2023
New New positions (2)
- Gokaldas Exports Limited2.1% · ₹13.1 Cr
- The Ramco Cements Limited1.0% · ₹6.4 Cr
Exited Exited (0)
None.
Added Biggest additions
- Century Textiles & Industries Limitedup ₹5.8 Cr (+0.95% pts)
- Multi Commodity Exchange of India Limitedup ₹4.2 Cr (+0.76% pts)
- Kirloskar Pneumatic Company Limitedup ₹1.6 Cr (+0.28% 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 Sep 2023, the weight rose most in Textiles & Apparels (+2.1 pts) and Cement & Cement Products (+1.2 pts), and fell most in Banks (−1.6 pts) and Industrial Products (−1.0 pts).
- Textiles & Apparels0.0% → 2.1%new+2.1 pts
- Cement & Cement Products4.6% → 5.8%+1.2 pts
- Cement0.6% → 1.6%+1.0 pts
- Capital Markets2.9% → 3.6%+0.7 pts
- Retailing3.6% → 3.8%+0.2 pts
- Banks21.9% → 20.3%−1.6 pts
- Industrial Products11.6% → 10.7%−1.0 pts
- Construction16.0% → 15.1%−0.9 pts
- Industrial Manufacturing3.7% → 3.1%−0.5 pts
- Gas2.5% → 2.2%−0.3 pts
- Electrical Equipment3.1% → 2.9%−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 | Apr 2023 | Jun 2023 | Sep 2023 | Oct 2023 |
|---|---|---|---|---|
| Banks | 26.5% | 24.1% | 21.9% | 20.3% |
| Construction | 14.5% | 14.0% | 16.0% | 15.1% |
| Industrial Products | 9.5% | 11.9% | 11.6% | 10.7% |
| Cement & Cement Products | 4.3% | 4.8% | 4.6% | 5.8% |
| Consumer Durables | 4.9% | 5.0% | 5.4% | 5.4% |
| Petroleum Products | 4.8% | 4.8% | 4.2% | 4.1% |
| Retailing | 2.6% | 3.2% | 3.6% | 3.8% |
| Capital Markets | 0.9% | 0.9% | 2.9% | 3.6% |
| Industrial Manufacturing | 2.9% | 3.2% | 3.7% | 3.1% |
| Electrical Equipment | 3.6% | 3.7% | 3.1% | 2.9% |
Allocation in Oct 2023change vs Sep 2023
- Banks (7)20.3%▼ 1.6 pts
- Construction (6)15.1%▼ 0.9 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. More on reading cash.
Cash & debt, Oct 2023
1.9%
▼ 2.2 pts vs Sep 2023
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.9% – 4.8%
- 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.