MonitorDirect · Growth
HDFC Business Cycle Fund
HDFC Mutual FundEquity Scheme - Sectoral/ Thematic3.8 years
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles.
- NAV
- 15.767
- 15 Sept 2026
- 1Y
- +1.6%
- Trailing CAGR
- Upside capture
- +98%
- Vs NIFTY 500 TRI
- Downside capture
- +83%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+1.6%
- 3Y+10.5%
- 5Yn/a
- 10Yn/a
- SI+12.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+7.7%
- 3Y+7.0%
- 5Yn/a
- 10Yn/a
- Since inception
- +12.7%
- Calendar-day CAGR
- Excess 1Y
- -4.8%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 38
- Vs comparable share classes
- Worst rolling 3Y
- +10.5%
- 196 daily-ending windows
- Median rolling 3Y
- +13.0%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- +7.0%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 15 Sept 2026.
- 1Y excess
- +3.9%
- Fund minus TRI
- 3Y excess
- +1.1%
- Fund minus TRI
- Upside capture
- +98%
- Benchmark-up months
- Downside capture
- +83%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 51 recovered episodes
- Longest recovery
- 133 days
- Trough to prior peak
- Current spell
- 19 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
23 Sept 2024 – 3 Aug 2026
Trough 23 Mar 2026 · recovered in 133 days
-18.0%
3 Jun 2024 – 11 Jun 2024
Trough 4 Jun 2024 · recovered in 7 days
-6.2%
14 Dec 2022 – 28 Apr 2023
Trough 15 Mar 2023 · recovered in 44 days
-6.2%
15 Sept 2023 – 21 Nov 2023
Trough 26 Oct 2023 · recovered in 26 days
-5.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
38
Vs category
20
Consistency
10
Risk-adjusted
56
Drawdown
55
Mean
36
Portfolio
31 Aug 2026 · 67 holdings · top 10 are 41.9%.
- Top 5
- 25.7%
- Top 10
- 41.9%
- Largest holding
- 5.6%
- Effective holdings
- 35.7
Bharti Airtel Ltd
Technology
5.6%
ICICI Bank Ltd
Financial
5.5%
Kotak Mahindra Bank Ltd
Financial
5.1%
Repo
Unspecified
4.8%
Titan Company Ltd
Consumer Discretionary
4.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +2.5%
- 3Y
- +14.5%
- Vol
- 12.6%
- Max DD
- -18.4%
- Sharpe
- 0.82
- 3Y win
- +97%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.9%
- 3Y
- +11.6%
- Vol
- 13.8%
- Max DD
- -17.8%
- Sharpe
- 0.48
- 3Y win
- +7%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -3.4%
- 3Y
- +9.8%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.67
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +25.5%
- 3Y
- n/a
- Vol
- 17.1%
- Max DD
- -16.6%
- Sharpe
- 1.25
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
Aditya Birla Sun Life Infrastructure Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +10.4%
- 3Y
- +15.8%
- Vol
- 18.5%
- Max DD
- -53.5%
- Sharpe
- 0.60
- 3Y win
- +66%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown