Question 1

Which funds are similar to HSBC Business Cycles Fund Direct-Growth?

Accepted Answer

Funds similar to HSBC Business Cycles Fund Direct-Growth in the Equity: Thematic-Business Cycle category include ICICI Prudential Business Cycle Fund Direct-Growth, Kotak Business Cycle Fund Direct-Growth, and HDFC Business Cycle Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of HSBC Business Cycles Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis HSBC Business Cycles Fund Direct-Growth is ranked 3 out of 7 funds in the Equity: Thematic-Business Cycle category as of 16 Jul 2026. On a 5-year return basis it ranks 1 out of 1. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does HSBC Business Cycles Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

HSBC Business Cycles Fund Direct-Growth has an expense ratio of 1.15%. The peers ICICI Prudential Business Cycle Fund Direct-Growth has an expense ratio of 0.95% and Kotak Business Cycle Fund Direct-Growth has 0.82%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does HSBC Business Cycles Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

HSBC Business Cycles Fund Direct-Growth has an AUM of ₹1,182.69 crore. The peers ICICI Prudential Business Cycle Fund Direct-Growth has an AUM of ₹16,137.5 crore and Kotak Business Cycle Fund Direct-Growth has ₹3,302.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Equity: Thematic-Business Cycle?

Accepted Answer

The top performing fund in the Equity: Thematic-Business Cycle category on a 3-year basis is Quant Business Cycle Fund Direct-Growth with a CAGR of 18.02% as of 16 Jul 2026. HSBC Business Cycles Fund Direct-Growth has delivered 16.88% CAGR over the same period, ranking 3 out of 7 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does HSBC Business Cycles Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, HSBC Business Cycles Fund Direct-Growth has a Sharpe ratio of 0.62 compared to the Equity: Thematic-Business Cycle average of 0.63 as of 16 Jul 2026. It ranks 5 out of 9 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	-2.36%	3.09%	15 / 16
3Y Return	+16.88%	15.64%	3 / 7
5Y Return	+16.40%	16.40%	1 / 1
10Y Return	+14.09%	14.09%	1 / 1

HSBC Business Cycles Fund Direct-Growth

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