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

We don't give personal investment advice. HSBC Business Cycles Fund - Regular 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 - Regular IDCW

Latest NAV

₹23.6519

As of

3 Jun 2026

864 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	+0.36%	+0.26%	+0.10	69 / 168	Q2
1W	-2.57%	-1.38%	-1.19	140 / 168	Q4
2W	-0.05%	-0.76%	+0.71	90 / 170	Q3
1M	-2.57%	-1.31%	-1.27	133 / 170	Q4
3M	+2.26%	+0.23%	+2.03	76 / 168	Q2
6M	-3.46%	-4.26%	+0.81	72 / 160	Q2
YTD	-2.93%	-4.32%	+1.39	70 / 160	Q2
1Y	-11.87%	+0.77%	-12.64	135 / 146	Q4
2Y	-7.19%	+0.22%	-7.41	94 / 104	Q4
3Y	+7.17%	+9.45%	-2.28	49 / 69	Q3
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.90%	+5.31%	+2.59	79 / 170	Q2

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	-2.93%	-3.11%	+0.18	70 / 158
2025	-11.56%	-0.40%	-11.17	121 / 129
2024	+24.62%	+19.58%	+5.04	28 / 84
2023	+22.98%	+28.75%	-5.78	40 / 62
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

+12.05%

31 windows

min -13.9% · max 44.2%

55% positive

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

3-Year rolling

+8.96%

7 windows

min 6.8% · max 11.6%

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

20.13%

3-year · annualised

Sharpe ratio

0.12

vs risk-free 6.5%

Sortino ratio

0.19

Downside-only deviation

Max drawdown

-30.14%

Aug 2024 → Mar 2026

% positive months

63.9%

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 INNOVATION FUND - IDCW - REGULAR PLAN	HDFC	₹10.4050	3 Jun 2026
Nippon India Active Momentum Fund- Regular Plan- IDCW Option	Nippon India	₹12.0306	3 Jun 2026
SBI Automotive Opportunities Fund - Regular Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.4968	3 Jun 2026
Invesco India Business Cycle Fund - Regular Plan - IDCW	Invesco	₹13.0300	3 Jun 2026
Bandhan Business Cycle Fund - Regular Plan - IDCW	Bandhan	₹9.3840	3 Jun 2026
quant BFSI Fund - IDCW Option - Regular Plan	Quant	₹19.3086	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - REGULAR - IDCW	Aditya Birla Sun Life	₹21.5800	3 Jun 2026
Motilal Oswal Active Momentum Fund - Regular- IDCW	Motilal Oswal	₹13.3125	3 Jun 2026
Mirae Asset Banking and Financial Services Fund Regular IDCW	Mirae Asset	₹20.1370	3 Jun 2026
Kotak Active Momentum Fund - Regular Plan - IDCW - Payout & Reinvestment	Kotak	₹10.2820	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹23.6519
2 Jun 2026	₹23.6307
1 Jun 2026	₹23.5449
29 May 2026	₹23.9599
27 May 2026	₹24.3583
26 May 2026	₹24.2547
25 May 2026	₹24.3428
22 May 2026	₹24.0504
21 May 2026	₹23.9605
20 May 2026	₹23.8075

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 03 Jun 2026, the NAV of HSBC Business Cycles Fund - Regular IDCW is ₹23.6519. It's a Sectoral/Thematic Fund from HSBC, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HSBC Business Cycles Fund - Regular IDCW has NAV history starting from 28 Nov 2022, a track record of about 3 years 6 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 - Regular 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 - Regular IDCW has delivered a absolute return of -11.87% — -12.64 pp behind the Sectoral/Thematic Fund category average of 0.77%. The fund ranks #135 of 146 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HSBC Business Cycles Fund - Regular IDCW has delivered a CAGR of 7.17% — -2.28 pp behind the Sectoral/Thematic Fund category average of 9.45%. The fund ranks #49 of 69 in its category — the third (Q3) quartile.

HSBC Business Cycles Fund - Regular 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 - Regular IDCW exactly 3 years ago would be worth approximately ₹123,090 today — a multiplier of 1.23×, based on the 3-year CAGR of 7.17%. The category average over the same window would have grown ₹1 lakh to ₹131,124.

A ₹10,000 monthly SIP in HSBC Business Cycles Fund - Regular IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹355,500 today. That's an XIRR (money-weighted annualised return) of -0.81%.

HSBC Business Cycles Fund - Regular IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹355,500 — XIRR -0.81%.

On a 3-year basis, HSBC Business Cycles Fund - Regular IDCW ranks #49 out of 69 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 9.45%; this fund delivered 7.17%.

The worst peak-to-trough decline HSBC Business Cycles Fund - Regular IDCW has experienced over the last 3-year window is 30.14% — 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 - Regular IDCW averaged 8.96% (best 11.57%, worst 6.75%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.12 — weak risk-adjusted performance.

In calendar year 2025, HSBC Business Cycles Fund - Regular IDCW returned -11.56% — lagging the Sectoral/Thematic Fund category average of -0.40% by 11.17 pp. It ranked #121 of 129 in its category that year.

HSBC Business Cycles Fund - Regular 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 - Regular 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.