Hsbc Business Cycles Fund
Monthly portfolio · 18 months through May-2026
compared to Apr-2026
Holdings
69
Scheme AUM
₹1,142 cr
New
1
Exited
1
Increased
4
Reduced
2
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | ICICI Bank Limited INE090A01021 | Banks | 4,75,000 | — | 5.22% | — | ₹59.68 cr |
| — | Mtar Technologies Limited INE864I01014 | Electrical Equipment | 58,900 | — | 4.06% | +0.75pp | ₹46.41 cr |
| — | HDFC Bank Limited INE040A01034 | Banks | 4,93,600 | — | 3.22% | -0.09pp | ₹36.75 cr |
| Reduced | Multi Commodity Exchange of India Ltd. INE745G01043 | Capital Markets | 1,16,000 | -10,000 | 3.00% | -0.26pp | ₹34.27 cr |
| Reduced | Reliance Industries Limited INE002A01018 | Petroleum Products | 2,56,700 | -1,45,000 | 2.97% | -2.03pp | ₹33.92 cr |
| — | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 59,000 | — | 2.66% | +0.37pp | ₹30.38 cr |
| — | Hindalco Industries Limited INE038A01020 | Non - Ferrous Metals | 2,69,600 | — | 2.66% | +0.22pp | ₹30.38 cr |
| — | ICICI Prudential AMC Ltd INE346A01027 | Capital Markets | 85,100 | — | 2.64% | +0.20pp | ₹30.11 cr |
| — | Bharat Electronics Limited INE263A01024 | Aerospace & Defense | 6,74,300 | — | 2.42% | -0.11pp | ₹27.7 cr |
| — | Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 63,800 | — | 2.40% | -0.01pp | ₹27.46 cr |
| — | Larsen & Toubro Limited INE018A01030 | Construction | 66,500 | — | 2.37% | +0.05pp | ₹27.11 cr |
| — | Power Finance Corporation Limited INE134E01011 | Finance | 6,03,200 | — | 2.26% | -0.09pp | ₹25.85 cr |
| — | RBL Bank Limited INE976G01028 | Banks | 7,10,100 | — | 2.14% | +0.06pp | ₹24.5 cr |
| — | UltraTech Cement Limited INE481G01011 | Cement & Cement Products | 19,600 | — | 1.97% | -0.01pp | ₹22.5 cr |
| — | Eternal Limited INE758T01015 | Retailing | 8,92,600 | — | 1.96% | +0.04pp | ₹22.37 cr |
| — | State Bank of India INE062A01020 | Banks | 2,28,800 | — | 1.93% | -0.20pp | ₹22.07 cr |
| — | AHLUWALIA CONTRACTS (INDIA) LTD INE758C01029 | Construction | 2,74,908 | — | 1.91% | -0.22pp | ₹21.77 cr |
| — | Kotak Mahindra Bank Limited INE237A01036 | Banks | 5,51,500 | — | 1.86% | +0.02pp | ₹21.19 cr |
| — | PB Fintech Limited INE417T01026 | Financial Technology (Fintech) | 1,19,150 | — | 1.78% | +0.05pp | ₹20.29 cr |
| — | PNB Housing Finance Limited INE572E01012 | Finance | 1,94,600 | — | 1.76% | -0.01pp | ₹20.05 cr |
| — | InterGlobe Aviation Limited INE646L01027 | Transport Services | 45,000 | — | 1.74% | +0.06pp | ₹19.82 cr |
| Increased | APL Apollo Tubes Limited INE702C01027 | Industrial Products | 1,00,000 | +50,000 | 1.60% | +0.77pp | ₹18.31 cr |
| — | Motilal Oswal Financial Services INE338I01027 | Capital Markets | 2,00,000 | — | 1.54% | +0.15pp | ₹17.59 cr |
| — | TVS Motor Company Limited INE494B01023 | Automobiles | 50,000 | — | 1.47% | -0.05pp | ₹16.78 cr |
| Increased | ELECTRONICS MART INDIA LIMITED INE02YR01019 | Retailing | 14,51,700 | +2,00,000 | 1.45% | +0.10pp | ₹16.55 cr |
| — | Nippon Life India Asset Management Ltd INE298J01013 | Capital Markets | 1,50,000 | — | 1.44% | +0.12pp | ₹16.5 cr |
| — | SWIGGY LIMITED INE00H001014 | Retailing | 6,37,500 | — | 1.44% | -0.06pp | ₹16.44 cr |
| — | ABB India Limited INE117A01022 | Electrical Equipment | 22,600 | — | 1.44% | +0.02pp | ₹16.39 cr |
| — | PARADEEP PHOSPHATES LIMITED INE088F01024 | Fertilizers & Agrochemicals | 13,00,964 | — | 1.43% | -0.03pp | ₹16.39 cr |
| — | Canara Robeco Mutual Fund INE218I01013 | Capital Markets | 6,32,850 | — | 1.36% | -0.03pp | ₹15.56 cr |
| — | Amber Enterprises India Limited INE371P01015 | Consumer Durables | 20,000 | — | 1.33% | -0.07pp | ₹15.23 cr |
| — | Tata Steel Limited INE081A01020 | Ferrous Metals | 7,00,000 | — | 1.27% | -0.02pp | ₹14.56 cr |
| — | Piramal Finance Ltd INE202B01038 | Finance | 75,000 | — | 1.27% | -0.03pp | ₹14.45 cr |
| — | Time Technoplast Limited INE508G01029 | Industrial Products | 8,24,000 | — | 1.26% | -0.12pp | ₹14.4 cr |
| — | BLUE STAR LTD INE472A01039 | Consumer Durables | 87,600 | — | 1.22% | -0.14pp | ₹13.92 cr |
| — | POWER MECH PROJECTS LIMITED INE211R01019 | Construction | 53,138 | — | 1.16% | +0.01pp | ₹13.29 cr |
| — | TITAGARH RAIL SYSTEMS LIMITED INE615H01020 | Industrial Manufacturing | 1,60,800 | — | 1.16% | +0.08pp | ₹13.28 cr |
| — | MOLD-TEK PAKAGING LIMITED INE893J01029 | Industrial Products | 1,82,700 | — | 1.12% | +0.22pp | ₹12.84 cr |
| — | Prudent Corporate Advisory Services Ltd INE00F201020 | Capital Markets | 45,000 | — | 1.07% | -0.04pp | ₹12.24 cr |
| — | Gokaldas Exports Limited INE887G01027 | Textiles & Apparels | 1,76,500 | — | 1.07% | -0.01pp | ₹12.21 cr |
| — | Titan Company Limited INE280A01028 | Consumer Durables | 29,000 | — | 1.03% | -0.08pp | ₹11.82 cr |
| Increased | Pine Labs Limited INE15B701018 | Financial Technology (Fintech) | 8,14,335 | +3,45,000 | 1.03% | +0.24pp | ₹11.77 cr |
| — | Sobha Limited INE671H01015 | Realty | 82,200 | — | 1.02% | -0.01pp | ₹11.66 cr |
| — | Gujarat Fluorochemicals Limited INE09N301011 | Chemicals & Petrochemicals | 31,600 | — | 1.00% | +0.01pp | ₹11.47 cr |
| Increased | Jyoti Cnc Automation Ltd INE980O01024 | Industrial Manufacturing | 1,85,200 | +30,000 | 0.97% | -0.04pp | ₹11.04 cr |
| — | INDIAN HUME PIPE COMPANY LIMITED INE323C01030 | Construction | 3,33,227 | — | 0.91% | -0.04pp | ₹10.37 cr |
| — | INDO COUNT INDUSTRIES LIMITED INE483B01026 | Textiles & Apparels | 3,13,250 | — | 0.86% | +0.10pp | ₹9.78 cr |
| — | Bansal Wire Industries Limited INE0B9K01025 | Industrial Products | 2,99,800 | — | 0.84% | +0.07pp | ₹9.54 cr |
| — | Tata Motors Limited INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 2,50,000 | — | 0.83% | -0.06pp | ₹9.49 cr |
| — | Shadowfax Technologies Limited INE12UN01015 | Transport Services | 4,83,840 | — | 0.82% | +0.12pp | ₹9.34 cr |
| — | Wakefit Innovations Limited INE0E7301029 | Consumer Durables | 7,35,832 | — | 0.79% | -0.09pp | ₹9.06 cr |
| — | Epigral Limited INE071N01016 | Chemicals & Petrochemicals | 76,350 | — | 0.78% | -0.03pp | ₹8.86 cr |
| — | Cholamandalam Invest & Finance Co Ltd INE121A01024 | Finance | 53,000 | — | 0.71% | -0.01pp | ₹8.15 cr |
| — | KEC International Limited INE389H01022 | Construction | 1,59,500 | — | 0.70% | -0.08pp | ₹7.97 cr |
| — | Home First Finance Company India Limited INE481N01025 | Finance | 74,300 | — | 0.69% | -0.06pp | ₹7.91 cr |
| — | FSN E-Commerce Ventures Limited INE388Y01029 | Retailing | 3,00,000 | — | 0.69% | — | ₹7.87 cr |
| — | Kajaria Ceramics Limited INE217B01036 | Consumer Durables | 70,700 | — | 0.66% | -0.07pp | ₹7.58 cr |
| — | Devyani International Limited INE872J01023 | Leisure Services | 6,49,300 | — | 0.66% | -0.04pp | ₹7.49 cr |
| — | Lenskart Solutions Limited INE956O01016 | Retailing | 1,38,300 | — | 0.63% | +0.01pp | ₹7.24 cr |
| — | Motherson Sumi Wiring India Limited INE0FS801015 | Auto Components | 15,00,000 | — | 0.51% | -0.02pp | ₹5.85 cr |
| New | Billionbrains Garage Ventures Ltd. INE0HOQ01053 | Capital Markets | 3,08,110 | — | 0.50% | — | ₹5.7 cr |
| — | Pitti Engineering Limited INE450D01021 | Industrial Manufacturing | 59,300 | — | 0.48% | -0.02pp | ₹5.54 cr |
| — | Amara Raja Batteries Ltd INE885A01032 | Auto Components | 60,100 | — | 0.47% | +0.01pp | ₹5.33 cr |
| — | Bharat Bijlee Ltd. INE464A01036 | Electrical Equipment | 17,800 | — | 0.43% | -0.05pp | ₹4.96 cr |
| — | Awfis Space Solutions Limited INE108V01019 | Commercial Services & Supplies | 1,50,000 | — | 0.43% | -0.03pp | ₹4.92 cr |
| — | Ganesha Ecosphere Ltd. INE845D01014 | Textiles & Apparels | 44,900 | — | 0.36% | -0.05pp | ₹4.15 cr |
| — | PNC INFRATECH LIMITED INE195J01029 | Construction | 1,95,910 | — | 0.35% | -0.01pp | ₹4.01 cr |
| — | PG Electroplast Limited INE457L01029 | Consumer Durables | 67,400 | — | 0.28% | -0.03pp | ₹3.25 cr |
| — | Hi-Tech Pipes Limited INE106T01025 | Industrial Products | 2,60,300 | — | 0.20% | -0.01pp | ₹2.26 cr |
| Exited | Aditya Birla Real Estate Limited INE055A01016 | Realty | — | -42,496 | — | -0.55pp | — |
Cash & other
| Treps | 2.46% | ₹28.1 cr |
| Net Current Assets (including cash & bank balances) | -0.12% | ₹-1.75 cr |