MonitorDirect · Growth
HSBC Business Cycles Fund
- NAV
- 47.9848
- 15 Sept 2026
- 1Y
- +5.1%
- Trailing CAGR
- AUM
- ₹1,182.34 Cr
- 31 Aug 2026
- Volatility
- High
- 16.8% annualized
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+5.1%
- 3Y+15.8%
- 5Yn/a
- 10Yn/a
- SI+17.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+13.7%
- 3Y+10.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +17.9%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +55%
- Windows beating the median
- 3Y percentile
- 46
- Vs comparable share classes
- Worst rolling 3Y
- +15.4%
- 196 daily-ending windows
- Median rolling 3Y
- +18.6%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- +10.5%
- Simulated monthly SIP
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
- 17 days
- 51 recovered episodes
- Longest recovery
- 541 days
- Trough to prior peak
- Current spell
- 16 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
11 Dec 2024 – 26 Aug 2026
Trough 3 Mar 2025 · recovered in 541 days
-23.4%
15 Oct 2024 – 6 Dec 2024
Trough 13 Nov 2024 · recovered in 23 days
-9.1%
3 Jun 2024 – 12 Jun 2024
Trough 4 Jun 2024 · recovered in 8 days
-8.7%
14 Dec 2022 – 28 Apr 2023
Trough 27 Jan 2023 · recovered in 91 days
-7.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
46
Vs category
49
Consistency
60
Risk-adjusted
64
Drawdown
42
Mean
52
Portfolio
31 Aug 2026 · 71 holdings · top 10 are 29.0%.
- Top 5
- 17.4%
- Top 10
- 29.0%
- Largest holding
- 5.6%
- Effective holdings
- 50.7
ICICI Bank Ltd
Financial
5.6%
Repo
Unspecified
3.9%
MTAR Technologies Ltd
Industrials
3.4%
HDFC Bank Ltd
Financial
2.9%
Interglobe Aviation Ltd
Industrials
2.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 11 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 55% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- +5.4%
- 3Y
- +16.8%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.77
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
HSBC India Export Opportunities Fund
HSBC Mutual Fund
- 1Y
- +18.3%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -20.5%
- Sharpe
- 0.29
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -5.1%
- 3Y
- +14.0%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.65
- 3Y win
- +94%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
DSP Business Cycle Fund
DSP Mutual Fund
- 1Y
- 0.0%
- 3Y
- n/a
- Vol
- 13.8%
- Max DD
- -14.8%
- Sharpe
- -0.24
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Mahindra Manulife Manufacturing Fund
Mahindra Manulife Mutual Fund
- 1Y
- +8.0%
- 3Y
- n/a
- Vol
- 15.0%
- Max DD
- -23.2%
- Sharpe
- -0.03
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns