HDFC Business Cycle Fund
NAV
₹15.63
as of 6 Oct 2026
HDFC Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from HDFC Mutual Fund managing ₹2,775 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹15.63 as of 6 Oct 2026. The expense ratio is 1.16% a year. Managed by Rahul Baijal. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 1.16% / yr
- as of 31 Aug 2026
- Fund size
- ₹2,775 crore
- as of 31 Aug 2026
- Exit load
- 1%
- SIP available
- Yes
- Launched
- 30 Nov 2022
- ISIN
- INF179KC1DY9
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: NIFTY 500 TRI
HDFC Business Cycle Fund
₹154
+54% on ₹100 over 3.8 yrs
Sectoral/ Thematic average
₹162
+62% on ₹100 over 3.8 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -2.83% | -4.47% | +1.64 |
| 6 months | 8.45% | 7.56% | +0.89 |
| 1 year | -0.34% | -0.10% | -0.24 |
| 3 years (CAGR) | 10.20% | 12.32% | -2.12 |
Category average across 119 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -2.3%
- Median
- 6.8%
- Best
- 37.6%
36 windows over the last 47 months, stepped monthly; 86% ended positive. Worst window began 1 Apr 2025. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 10.2%
- Median
- 13.2%
- Best
- 16.1%
12 windows over the last 47 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.48
- Sortino ratio (3Y)
- 0.73
- Standard deviation (3Y)
- 15.15%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-16.5%
Right now
-5.3% below peak
Where the money actually is
Equity
94.5%
Bonds
1.0%
Cash
4.5%
Whole-portfolio split, as of 31 Aug 2026.
What it owns
68 positions · top 10 = 39.9%
Market-cap mix
Large 39.3%Mid 23.9%Small 28.8%Other 8.0%
as of 31 Aug 2026
Holdings by sector
Financial Services(3 in top 10)29.0%
- ICICI Bank Ltd5.46%
- Kotak Mahindra Bank Ltd5.10%
- HDFC Bank Ltd3.09%
Consumer Cyclical(3 in top 10)25.3%
- Titan Co Ltd4.73%
- Pearl Global Industries Ltd3.00%
- Eternal Ltd2.80%
- Industrials13.2%
Healthcare(1 in top 10)11.0%
- Anthem Biosciences Ltd4.30%
Communication Services(1 in top 10)5.6%
- Bharti Airtel Ltd5.60%
- Utilities4.3%
Basic Materials(1 in top 10)3.4%
- Aether Industries Ltd3.08%
- Real Estate1.7%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 59.3% vs category 37.4% a year.
Other top holdings
- Treps - Tri-Party Repo4.78%
The businesses it owns
- P/E (trailing)
- 32.3 vs category 25.9
- P/B
- 4.2 vs category 3.9
- Dividend yield
- 0.6% vs category 1.1%
- Net margin
- 16.9% vs category 15.4%
- Earnings growth
- 17.3%
- Avg market cap
- ₹93,527 crore
Money in, money out
- Net flow, 12 months
- −₹290 cr
- Net flow, 3 months
- −₹68 cr
as of 31 Aug 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of HDFC Business Cycle Fund?
- ₹15.63 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of HDFC Business Cycle Fund?
- 1.16% a year for the Direct plan, as of 31 Aug 2026.
- How large is HDFC Business Cycle Fund?
- ₹2,775 crore under management as of 31 Aug 2026, in the Sectoral/ Thematic category.
- How risky is HDFC Business Cycle Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What is the worst 3-year return of HDFC Business Cycle Fund?
- 10.2% a year – the weakest of 12 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 13.2% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages HDFC Business Cycle Fund?
- Rahul Baijal, managing this fund for 3.8 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- HDFC Defence Fund₹11,478 crore
- HDFC Manufacturing Fund₹10,752 crore
- SBI CONSUMPTION OPPORTUNITIES FUND₹2,827 crore
- UTI - MNC Fund₹2,790 crore
- ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND₹2,728 crore
- ICICI Prudential Equity Minimum Variance Fund₹2,672 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.