Should I invest in HSBC Business Cycles Fund - Direct IDCW?

We don't give personal investment advice. HSBC Business Cycles Fund - Direct IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

HSBC

HSBC Business Cycles Fund - Direct IDCW

Latest NAV

₹27.4207

As of

17 Jul 2026

895 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	0.00%	-0.04%	+0.03	130 / 249	Q3
1W	-0.42%	-0.15%	-0.27	173 / 249	Q3
2W	-0.34%	-0.61%	+0.27	179 / 251	Q3
1M	+0.61%	+1.14%	-0.53	188 / 251	Q3
3M	+3.79%	+3.90%	-0.10	134 / 251	Q3
6M	+4.65%	+2.59%	+2.06	96 / 243	Q2
YTD	+2.36%	+0.68%	+1.68	96 / 241	Q2
1Y	-10.03%	+2.39%	-12.42	209 / 229	Q4
2Y	-6.38%	+0.44%	-6.82	155 / 186	Q4
3Y	+8.27%	+11.53%	-3.25	107 / 151	Q3
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+10.57%	+10.06%	+0.51	131 / 251	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.36%	+1.51%	+0.85	95 / 237
2025	-10.20%	+1.49%	-11.69	193 / 204
2024	+26.75%	+20.10%	+6.66	41 / 158
2023	+24.43%	+30.21%	-5.77	86 / 131
2022	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+14.55%

33 windows

min -12.5% · max 54.6%

58% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+10.67%

8 windows

min 8.3% · max 12.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

18.32%

3-year · annualised

Sharpe ratio

0.17

vs risk-free 6.5%

Sortino ratio

0.27

Downside-only deviation

Max drawdown

-28.14%

Aug 2024 → Mar 2026

% positive months

52.8%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - IDCW Option - Direct Plan	HDFC	₹17.4480	17 Jul 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹30.5463	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹12.5864	17 Jul 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹70.0600	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹14.5200	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹22.0968	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹32.1000	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.5239	17 Jul 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.6426	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹27.4207
16 Jul 2026	₹27.4212
15 Jul 2026	₹27.5783
14 Jul 2026	₹27.3062
13 Jul 2026	₹27.6111
10 Jul 2026	₹27.5372
9 Jul 2026	₹27.1961
8 Jul 2026	₹26.8422
7 Jul 2026	₹27.4688
6 Jul 2026	₹27.5928

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of HSBC Business Cycles Fund - Direct IDCW is ₹27.4207. It's a Sectoral/Thematic Fund from HSBC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HSBC Business Cycles Fund - Direct IDCW has NAV history starting from 28 Nov 2022, a track record of about 3 years 7 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

HSBC Business Cycles Fund - Direct IDCW is managed by HSBC. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, HSBC Business Cycles Fund - Direct IDCW has delivered a absolute return of -10.03% — -12.42 pp behind the Sectoral/Thematic Fund category average of 2.39%. The fund ranks #209 of 229 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HSBC Business Cycles Fund - Direct IDCW has delivered a CAGR of 8.27% — -3.25 pp behind the Sectoral/Thematic Fund category average of 11.53%. The fund ranks #107 of 151 in its category — the third (Q3) quartile.

HSBC Business Cycles Fund - Direct IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in HSBC Business Cycles Fund - Direct IDCW exactly 3 years ago would be worth approximately ₹126,934 today — a multiplier of 1.27×, based on the 3-year CAGR of 8.27%. The category average over the same window would have grown ₹1 lakh to ₹138,715.

A ₹10,000 monthly SIP in HSBC Business Cycles Fund - Direct IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹375,664 today. That's an XIRR (money-weighted annualised return) of 2.78%.

HSBC Business Cycles Fund - Direct IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹375,664 — XIRR 2.78%.

On a 3-year basis, HSBC Business Cycles Fund - Direct IDCW ranks #107 out of 151 funds in the Sectoral/Thematic Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 11.53%; this fund delivered 8.27%.

The worst peak-to-trough decline HSBC Business Cycles Fund - Direct IDCW has experienced over the last 3-year window is 28.14% — its NAV fell from a high on 26 Aug 2024 to a low on 31 Mar 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, HSBC Business Cycles Fund - Direct IDCW averaged 10.67% (best 12.63%, worst 8.27%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.17 — weak risk-adjusted performance.

In calendar year 2025, HSBC Business Cycles Fund - Direct IDCW returned -10.20% — lagging the Sectoral/Thematic Fund category average of 1.49% by 11.69 pp. It ranked #193 of 204 in its category that year.

HSBC Business Cycles Fund - Direct IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. HSBC Business Cycles Fund - Direct IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.