Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published
NAV history for this scheme.
Risk
Volatility
Sharpe
Sortino
Beta
Alpha
Max fall
R²
This scheme
15.1%
0.34
0.51
0.95
-0.33%
-19.4%
91.22
Nifty 500 benchmark
15.2%
0.39
0.58
—
—
-37.3%
—
Risk-free rate 6.5%. Beta, alpha and R² are regressed on the
36 months this scheme and its benchmark share.
Growth of ₹100 since launch
Drawdown from peak (%)
Every one-year period it has lived through
Windows
Worst
Median
Best
Periods that lost money
678
-6.9%
6.2%
38.3%
13%
Every one-year holding period in this scheme's history, not just the last one — the
spread a real investor would have met depending only on when they started.
How it behaves against its benchmark
Up capture
Down capture
Correlation
Tracking error
Information ratio
Treynor
95%
94%
0.96
4.5%
-0.14
5.54
Up capture is how much of the benchmark's gain this scheme kept in the months the
benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it
on the up side is the combination every fund is trying for and few reach.
Measured over the 36 months this scheme and
Nifty 500 share.
HDFC Business Cycle Fund
Regular Plan · Growth Option
Allocation
By asset
Equity
86.92%
Cash & Equivalents
10.88%
REITs / InvITs
1.13%
Debt
1.07%
By market cap
Large Cap
36.40%
Mid Cap
20.64%
Small Cap
27.98%
Unclassified
4.10%
Concentration
Number of stocks
63
Top 5 stocks
24.45%
Top 10 stocks
38.73%
Top 20 stocks
59.24%
Lines in the filing
65
Largest holding
5.69%
Largest sector
Banks 16.46%
Effective stocks
42.7
Sectors held
28
Cash
10.88%
Effective stocks is what the concentration works out to: a fund holding
63 names but most of its money in a few
behaves like a fund of 43. Cash includes repo and TREPS, which
every fund parks money in overnight.
Sector split
Banks
16.46%
Cash & Equivalents
10.88%
Finance
8.43%
Retailing
7.70%
Pharmaceuticals & Biotechnology
7.38%
Telecom - Services
5.69%
Power
4.80%
Consumer Durables
4.67%
Textiles & Apparels
3.28%
Industrial Products
3.19%
Leisure Services
3.13%
Chemicals & Petrochemicals
2.95%
Healthcare Services
2.87%
Automobiles
2.61%
Electrical Equipment
2.08%
Auto Components
1.73%
Transport Services
1.39%
Aerospace & Defense
1.30%
Capital Markets
1.27%
Commercial Services & Supplies
1.18%
HDFC Business Cycle Fund
Regular Plan · Growth Option · holdings
Top 30 holdings
#
Company
Sector
Shares held
Value ₹ cr
% of fund
1
TREPS - Tri-party Repo
Unclassified
—
289
10.92%
2
Bharti Airtel Ltd.
Telecom - Services
857,000
151
5.69%
3
Kotak Mahindra Bank Limited
Banks
3,371,080
141
5.31%
4
ICICI Bank Ltd.
Banks
1,042,000
138
5.21%
5
Titan Company Ltd.
Consumer Durables
257,399
118
4.46%
6
Anthem Biosciences Limited
Pharmaceuticals & Biotechnology
1,164,887
100
3.78%
7
PEARL GLOBAL INDUSTRIES LIMITED
Textiles & Apparels
676,732
87
3.28%
8
HDFC Bank Ltd.
Banks
1,210,000
86
3.24%
9
Eternal Limited
Retailing
2,365,839
76
2.86%
10
Vishal Mega Mart Limited
Retailing
6,598,517
67
2.52%
11
Clean Max Enviro Energy Solutions Limited
Power
474,838
63
2.38%
12
Cholamandalam Investment & Finance Co. Ltd.
Finance
371,690
60
2.28%
13
Indusind Bank Ltd.
Banks
657,000
59
2.24%
14
Home First Finance Company India Ltd
Finance
535,029
59
2.23%
15
Bajaj Auto Limited
Automobiles
54,320
59
2.23%
16
Aadhar Housing Finance Limited
Finance
1,319,459
58
2.17%
17
ACME Solar Holdings Limited
Power
1,224,965
54
2.03%
18
Aether Industries Ltd
Chemicals & Petrochemicals
302,688
51
1.94%
19
Swiggy Limited
Retailing
2,046,973
51
1.93%
20
Aptus Value Housing Finance India Ltd
Finance
1,990,825
46
1.75%
21
Fortis Healthcare Limited
Healthcare Services
586,212
45
1.71%
22
Eris Lifesciences Ltd
Pharmaceuticals & Biotechnology
375,815
45
1.69%
23
MANKIND PHARMA LIMITED
Pharmaceuticals & Biotechnology
144,403
36
1.37%
24
KSB Ltd
Industrial Products
406,320
35
1.31%
25
Bharat Dynamics Limited
Aerospace & Defense
310,221
34
1.30%
26
ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED
Capital Markets
107,517
34
1.27%
27
GE Vernova T&D India Limited
Electrical Equipment
75,892
32
1.20%
28
Glass Wall Systems (India) Limited
Other Construction Materials
1,098,882
31
1.17%
29
Le Travenues Technology Limited
Leisure Services
1,906,735
31
1.17%
30
Global Health Limited
Healthcare Services
225,000
31
1.16%
HDFC Business Cycle Fund
Regular Plan · Growth Option · where the money sits
What the manager did last month
Between the filings of 30 Jun 2026 and 31 Jul 2026.
A position grows because the manager bought or because the price rose; only the share count separates them.
Bought
Sold
New positions
Sold out of
Price move of holdings
₹34 cr
₹233 cr
2
2
+2.20%
Stock
Shares traded
Shares
Price
Value ₹ cr
New position
GE Vernova T&D India Limited
104,189
entered
—
45.0
INDO-MIM Limited
130,980
entered
—
10.2
Added to
KSB Ltd
256,320
+170.9%
-10.7%
21.9
Le Travenues Technology Limited
599,502
+83.6%
+0.5%
11.9
Trimmed
Eternal Limited
3,100,000
-56.7%
+14.3%
93.8
Axis Bank Ltd.
170,000
-56.8%
-8.6%
20.9
Aptus Value Housing Finance India Ltd
692,777
-25.8%
-6.3%
18.1
Ambuja Cements Ltd.
350,000
-63.6%
+2.5%
15.1
Cholamandalam Investment & Finance Co. Ltd.
77,304
-17.2%
+3.4%
14.3
WeWork India Management Limited
179,881
-47.5%
+7.9%
13.4
Sona Blw Precision Forgings
170,000
-48.6%
+24.1%
13.1
Bajaj Auto Limited
9,180
-14.5%
+18.6%
10.6
Sold out of
The Phoenix Mills Limited
39,725
exited
—
7.7
NUVAMA WEALTH MANAGEMENT LTD.
30,998
exited
—
5.6
Not equity
Previous filing
This filing
Change
Cash, repo and TREPS
₹0 cr
₹0 cr
+₹0 cr
Debt: bills, CDs and commercial paper
₹29 cr
₹29 cr
−₹0 cr
The list above is stocks and fund units. Treasury bills, repo and money-market
lines roll over every month by design — they are not decisions, so they are totalled here rather
than listed as activity.
Not investment advice. InvestVerdict is not a SEBI-registered Investment
Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the
portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past
returns do not predict future ones. Generated 31 Oct 2026.
