Hsbc Business Cycles Fund
Monthly portfolio · 22 months through Sep-2026
compared to Aug-2026
Holdings
70
Scheme AUM
₹1,179 cr
New
3
Exited
3
Increased
4
Reduced
1
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | ICICI Bank Limited INE090A01021 | Banks | 4,75,000 | — | 5.33% | -0.29pp | ₹62.78 cr |
| — | Mtar Technologies Limited INE864I01014 | Electrical Equipment | 58,900 | — | 3.90% | +0.53pp | ₹45.92 cr |
| Increased | InterGlobe Aviation Limited INE646L01027 | Transport Services | 80,000 | +15,000 | 3.38% | +0.61pp | ₹39.87 cr |
| — | HDFC Bank Limited INE040A01034 | Banks | 4,93,600 | — | 2.97% | +0.12pp | ₹34.98 cr |
| — | Reliance Industries Limited INE002A01018 | Petroleum Products | 2,56,700 | — | 2.58% | -0.09pp | ₹30.47 cr |
| — | Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 63,800 | — | 2.53% | +0.04pp | ₹29.78 cr |
| — | RBL Bank Limited INE976G01028 | Banks | 7,10,100 | — | 2.43% | +0.23pp | ₹28.64 cr |
| — | ICICI Prudential AMC Ltd INE346A01027 | Capital Markets | 85,100 | — | 2.26% | +0.14pp | ₹26.69 cr |
| — | Bharat Electronics Limited INE263A01024 | Aerospace & Defense | 6,74,300 | — | 2.22% | -0.05pp | ₹26.18 cr |
| — | Larsen & Toubro Limited INE018A01030 | Construction | 66,500 | — | 2.12% | -0.07pp | ₹25 cr |
| — | GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 59,000 | — | 2.10% | -0.03pp | ₹24.79 cr |
| — | Kotak Mahindra Bank Limited INE237A01036 | Banks | 5,51,500 | — | 1.95% | +0.07pp | ₹23 cr |
| — | State Bank of India INE062A01020 | Banks | 2,28,800 | — | 1.86% | -0.11pp | ₹21.95 cr |
| — | APL Apollo Tubes Limited INE702C01027 | Industrial Products | 1,00,000 | — | 1.86% | +0.05pp | ₹21.9 cr |
| — | PNB Housing Finance Limited INE572E01012 | Finance | 1,94,600 | — | 1.85% | +0.03pp | ₹21.8 cr |
| — | Multi Commodity Exchange of India Ltd. INE745G01043 | Capital Markets | 66,000 | — | 1.85% | +0.02pp | ₹21.78 cr |
| — | ELECTRONICS MART INDIA LIMITED INE02YR01019 | Retailing | 10,51,700 | — | 1.83% | +0.28pp | ₹21.6 cr |
| — | UltraTech Cement Limited INE481G01011 | Cement & Cement Products | 19,600 | — | 1.82% | -0.01pp | ₹21.47 cr |
| — | Eternal Limited INE758T01015 | Retailing | 6,42,600 | — | 1.74% | +0.02pp | ₹20.56 cr |
| — | TVS Motor Company Limited INE494B01023 | Automobiles | 50,000 | — | 1.74% | -0.03pp | ₹20.53 cr |
| — | PARADEEP PHOSPHATES LIMITED INE088F01024 | Fertilizers & Agrochemicals | 13,00,964 | — | 1.70% | +0.01pp | ₹20.07 cr |
| — | Motilal Oswal Financial Services Limited INE338I01027 | Capital Markets | 2,00,000 | — | 1.69% | -0.01pp | ₹19.88 cr |
| — | Jyoti Cnc Automation Ltd INE980O01024 | Industrial Manufacturing | 1,85,200 | — | 1.63% | +0.13pp | ₹19.26 cr |
| Increased | Dhoot Transmission Limited INE01NH01023 | Auto Components | 1,15,000 | +65,000 | 1.45% | +0.85pp | ₹17.12 cr |
| — | Sterlite Technologies Limited INE089C01029 | Telecom - Equipment & Accessories | 1,83,396 | — | 1.42% | +0.33pp | ₹16.69 cr |
| — | SWIGGY LIMITED INE00H001014 | Retailing | 6,37,500 | — | 1.35% | -0.11pp | ₹15.94 cr |
| — | Piramal Finance Ltd INE202B01038 | Finance | 75,000 | — | 1.30% | -0.10pp | ₹15.33 cr |
| — | ABB India Limited INE117A01022 | Electrical Equipment | 22,600 | — | 1.30% | -0.10pp | ₹15.31 cr |
| — | AHLUWALIA CONTRACTS (INDIA) LTD INE758C01029 | Construction | 2,74,908 | — | 1.28% | -0.10pp | ₹15.12 cr |
| — | R R Kabel Limited INE777K01022 | Industrial Products | 60,000 | — | 1.28% | -0.15pp | ₹15.11 cr |
| — | Time Technoplast Limited INE508G01029 | Industrial Products | 8,24,000 | — | 1.27% | +0.02pp | ₹15.03 cr |
| — | INDO COUNT INDUSTRIES LIMITED INE483B01026 | Textiles & Apparels | 3,13,250 | — | 1.22% | +0.02pp | ₹14.42 cr |
| — | Canara Robeco Mutual Fund INE218I01013 | Capital Markets | 6,32,850 | — | 1.21% | -0.12pp | ₹14.22 cr |
| — | Prudent Corporate Advisory Services Ltd INE00F201020 | Capital Markets | 45,000 | — | 1.19% | -0.16pp | ₹14.08 cr |
| — | Pine Labs Limited INE15B701018 | Financial Technology (Fintech) | 8,14,335 | — | 1.19% | +0.10pp | ₹13.99 cr |
| — | Gujarat Fluorochemicals Limited INE09N301011 | Chemicals & Petrochemicals | 31,600 | — | 1.18% | -0.03pp | ₹13.92 cr |
| New | Meesho Limited INE0VDM01015 | Retailing | 6,00,000 | — | 1.16% | — | ₹13.67 cr |
| — | Shadowfax Technologies Limited INE12UN01015 | Transport Services | 4,83,840 | — | 1.15% | +0.13pp | ₹13.56 cr |
| — | FSN E-Commerce Ventures Limited INE388Y01029 | Retailing | 4,20,000 | — | 1.14% | -0.05pp | ₹13.44 cr |
| — | Amber Enterprises India Limited INE371P01015 | Consumer Durables | 20,000 | — | 1.13% | -0.11pp | ₹13.35 cr |
| — | Titan Company Limited INE280A01028 | Consumer Durables | 29,000 | — | 1.13% | -0.07pp | ₹13.3 cr |
| — | BLUE STAR LTD INE472A01039 | Consumer Durables | 87,600 | — | 1.13% | +0.09pp | ₹13.3 cr |
| — | POWER MECH PROJECTS LIMITED INE211R01019 | Construction | 53,138 | — | 1.12% | +0.03pp | ₹13.23 cr |
| — | TITAGARH RAIL SYSTEMS LIMITED INE615H01020 | Industrial Manufacturing | 1,60,800 | — | 1.12% | +0.05pp | ₹13.16 cr |
| Increased | Billionbrains Garage Ventures Ltd. INE0HOQ01053 | Capital Markets | 7,08,110 | +1,00,000 | 1.10% | +0.15pp | ₹13.02 cr |
| — | Nippon Life India Asset Management Ltd INE298J01013 | Capital Markets | 1,20,000 | — | 1.09% | -0.05pp | ₹12.84 cr |
| — | PB Fintech Limited INE417T01026 | Financial Technology (Fintech) | 1,19,150 | — | 1.08% | -0.74pp | ₹12.68 cr |
| — | Gokaldas Exports Limited INE887G01027 | Textiles & Apparels | 1,76,500 | — | 1.03% | -0.09pp | ₹12.14 cr |
| — | MOLD-TEK PAKAGING LIMITED INE893J01029 | Industrial Products | 1,82,700 | — | 1.02% | -0.03pp | ₹12.07 cr |
| — | Maruti Suzuki India Limited INE585B01010 | Automobiles | 10,000 | — | 1.02% | -0.08pp | ₹11.97 cr |
| New | PTC INDUSTRIES LIMITED INE596F01018 | Industrial Products | 5,000 | — | 0.94% | — | ₹11.1 cr |
| — | Home First Finance Company India Limited INE481N01025 | Finance | 99,300 | — | 0.93% | -0.01pp | ₹10.97 cr |
| — | Wakefit Innovations Limited INE0E7301029 | Consumer Durables | 7,35,832 | — | 0.90% | +0.02pp | ₹10.58 cr |
| — | Tata Motors Limited INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 2,50,000 | — | 0.89% | -0.07pp | ₹10.54 cr |
| — | Sobha Limited INE671H01015 | Realty | 82,200 | — | 0.85% | +0.01pp | ₹10.04 cr |
| — | Lenskart Solutions Limited INE956O01016 | Retailing | 1,38,300 | — | 0.80% | +0.05pp | ₹9.47 cr |
| — | OPTIEMUS INFRACOM LIMITED INE350C01017 | Telecom - Equipment & Accessories | 1,16,707 | — | 0.76% | +0.21pp | ₹8.96 cr |
| — | Cholamandalam Invest & Finance Co Ltd INE121A01024 | Finance | 53,000 | — | 0.73% | -0.07pp | ₹8.59 cr |
| — | Devyani International Limited INE872J01023 | Leisure Services | 6,49,300 | — | 0.72% | -0.01pp | ₹8.46 cr |
| — | Diamond Power Infrastructure Limited INE989C01038 | Electrical Equipment | 2,25,900 | — | 0.68% | +0.04pp | ₹8 cr |
| — | Pitti Engineering Limited INE450D01021 | Industrial Manufacturing | 59,300 | — | 0.57% | +0.04pp | ₹6.76 cr |
| New | Aditya Infotech Limited INE819V01029 | Industrial Manufacturing | 17,000 | — | 0.55% | — | ₹6.54 cr |
| — | JSW Steel Limited INE019A01038 | Ferrous Metals | 50,000 | — | 0.53% | — | ₹6.27 cr |
| Increased | APAR INDUSTRIES LTD INE372A01015 | Electrical Equipment | 3,441 | +2,500 | 0.51% | +0.37pp | ₹5.98 cr |
| Reduced | INDIAN HUME PIPE COMPANY LIMITED INE323C01030 | Construction | 1,64,757 | -1,68,470 | 0.49% | -0.54pp | ₹5.81 cr |
| — | HDFC Asset Management Company Limited INE127D01025 | Capital Markets | 25,000 | — | 0.48% | -0.05pp | ₹5.7 cr |
| — | Amara Raja Energy & Mobility Limited INE885A01032 | Auto Components | 60,100 | — | 0.38% | -0.06pp | ₹4.53 cr |
| — | Ganesha Ecosphere Ltd. INE845D01014 | Textiles & Apparels | 44,900 | — | 0.38% | +0.01pp | ₹4.49 cr |
| — | Bharat Bijlee Ltd. INE464A01036 | Electrical Equipment | 17,800 | — | 0.32% | -0.02pp | ₹3.73 cr |
| — | Awfis Space Solutions Limited INE108V01019 | Commercial Services & Supplies | 1,50,000 | — | 0.31% | -0.01pp | ₹3.66 cr |
| Exited | Hindalco Industries Limited INE038A01020 | Non - Ferrous Metals | — | -1,19,600 | — | -0.99pp | — |
| Exited | Kajaria Ceramics Limited INE217B01036 | Consumer Durables | — | -67,352 | — | -0.68pp | — |
| Exited | PG Electroplast Limited INE457L01029 | Consumer Durables | — | -67,400 | — | -0.32pp | — |
Cash & other
| Treps | 2.00% | ₹23.62 cr |
| Net Current Assets (including cash & bank balances) | -0.12% | ₹-2 cr |