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hdfc business cycle fund direct growth
HDFC Business Cycle Fund Direct Growth

HDFC Business Cycle Fund Direct Growth

  • Very High Risk
  • Equity
  • Equity - Other
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NAV as on Mar 18, 2026
i
Price per unit of the scheme.
₹ 13.92301.44%1 Day Change
-8.06%
Minimum Investment₹100
Expense Ratio0.55%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
HDFC Business Cycle Fund Direct Growth
VS
Equity: Equity - Other Average NAV
    Topper in Equity: Equity - Other
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    HDFC Business Cycle Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    IISL Nifty 500 TR INR
    Expense Ratio
    0.55%
    Category Avg Expense Ratio
    0.92%
    Minimum Investment (Lumpsum/SIP)
    ₹ 100 /₹ 100
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 2,678.20 Cr(As on Jan, 2026)
    Inception Date
    Nov 30, 2022
    Turnover
    - %
    Exit Load
    In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment.

    bt_logoABOUT THE FUND

    Objective: 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.

    HDFC Business Cycle Fund Direct Growth is an Equity - Equity - Other fund. The fund was launched inNov 30, 2022. Its risk level is . The NAV of the fund as onMar 25, 2026 is ₹13.67. Its expense ratio is 0.55 %. The fund has an AUM of ₹2,678.20 Cr.The fund is managed byRahul Baijal,Dhruv Muchhal.
    The minimum initial investment is  ₹100 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Rahul Baijal
    Rahul Baijal
    i
    Lead Fund Manager.
    Nov 30, 2022 - Present
    • Schemes managed4
    • Total AUM₹ 50,644.20 Cr
    • Highest Return In 1 Yr21.00 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    HDFC Business Cycle Fund Direct Growth
    --
    ₹ 13.67
    -8.60%
    -%
    Very High Risk
    ₹2,678.20Cr
    HDFC MNC Fund Direct Growth
    --
    ₹ 12.72
    -10.11%
    -%
    Very High Risk
    ₹551.21Cr
    HDFC Top 100 Fund -Direct Plan - Growth Option
    ₹ 1,157.98
    -8.92%
    -8.61%
    Very High Risk
    ₹39,620.90Cr
    HDFC Business Cycle Fund Direct Growth
    Very High Risk--
    • NAV₹ 13.67
    • Fund Size₹2,678.20Cr
    Fund Return-8.60%
    Category Return--
    HDFC MNC Fund Direct Growth
    Very High Risk--
    • NAV₹ 12.72
    • Fund Size₹551.21Cr
    Fund Return-10.11%
    Category Return--
    HDFC Top 100 Fund -Direct Plan - Growth Option
    Very High Risk
    • NAV₹ 1,157.98
    • Fund Size₹39,620.90Cr
    Fund Return-8.92%
    Category Return-8.61%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Dhruv Muchhal
    Dhruv Muchhal
    i
    Lead Fund Manager.
    Jun 22, 2023 - Present
    • Schemes managed41
    • Total AUM₹ 8,27,935.90 Cr
    • Highest Return In 1 Yr21.00 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    HDFC Defence Fund Direct Growth
    --
    ₹ 23.66
    -6.46%
    -%
    Very High Risk
    ₹7,793.88Cr
    HDFC Balanced Advantage Fund Direct Plan Growth Option
    ₹ 541.37
    -6.08%
    -5.00%
    Very High Risk
    ₹1,06,820.61Cr
    HDFC Credit Risk Debt Fund Direct Plan Growth Option
    ₹ 27.24
    -0.03%
    -0.17%
    Moderately High risk
    ₹6,946.94Cr
    HDFC Defence Fund Direct Growth
    Very High Risk--
    • NAV₹ 23.66
    • Fund Size₹7,793.88Cr
    Fund Return-6.46%
    Category Return--
    HDFC Balanced Advantage Fund Direct Plan Growth Option
    Very High Risk
    • NAV₹ 541.37
    • Fund Size₹1,06,820.61Cr
    Fund Return-6.08%
    Category Return-5.00%
    HDFC Credit Risk Debt Fund Direct Plan Growth Option
    Moderately High risk
    • NAV₹ 27.24
    • Fund Size₹6,946.94Cr
    Fund Return-0.03%
    Category Return-0.17%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on Feb, 2026
    EQUITY (97.27%)
    DEBT (1.09%)
    CASH (1.64%)
    Allocation by Market Cap
    Large Cap(50.22%)
    Mid Cap(21.26%)
    Small Cap(22.36%)
    Industry Holdings
    • Banks Regional19.53%
    • Internet Retail6.89%
    • Telecom Services6.25%
    • Specialty Finance5.33%
    • Drug Manufacturers Specialty Generic5.20%
    • Credit Services4.36%
    Stock Holdings
    • ICICI Bank Ltd7.03%
    • Bharti Airtel Ltd6.08%
    • Kotak Mahindra Bank Ltd5.16%
    • Eternal Ltd5.08%
    • Titan Co Ltd4.20%
    • HDFC Bank Ltd4.05%

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
      ----
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
      ----
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
      ----

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      --
      This Fund
      VS
      --
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      --
      This Fund
      VS
      --
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      --
      This Fund
      VS
      --
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      0.75
      This Fund
      VS
      --
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      1.18
      This Fund
      VS
      --
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      11.83
      This Fund
      VS
      --
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    HDFC Asset Management Co Ltd
    HDFC Asset Management Co Ltd manages assets worth ₹ 9,77,770.42 crores. It’s current offering of mutual fund schemes includes 42 equity, 33 debt and 13 hybrid schemes.
    phone icon
    Phone
    +91 22 66316333
    mail icon
    Email
    cliser@hdfcfund.com
    aum
    AUM
    ₹ 9,77,770.42 Cr (
    As on Feb 28, 2026
    )
    location
    Address
    “HUL House”, 2nd Floor, Mumbai,400 020

    bt_logoFAQs

    What is the category of HDFC Business Cycle Fund Direct Growth ?
    The category of HDFC Business Cycle Fund Direct Growth is Equity - Equity - Other
    What is the current NAV of HDFC Business Cycle Fund Direct Growth ?
    The current NAV of HDFC Business Cycle Fund Direct Growth as on Mar 18, 2026 is ₹13.92
    How safe is HDFC Business Cycle Fund Direct Growth ?
    The risk level of HDFC Business Cycle Fund Direct Growth is Very High.
    What are short term returns given by HDFC Business Cycle Fund Direct Growth ?
    The return given by HDFC Business Cycle Fund Direct Growth in 1 month is -8.06%, 3 months is -7.74%, 6 months is -11.53%, and 1 year is 3.38%
    What are the long term returns given by HDFC Business Cycle Fund Direct Growth ?
    The return given by HDFC Business Cycle Fund Direct Growth in 3 years is 13.52% and 5 years is --.
    What is the expense ratio of HDFC Business Cycle Fund Direct Growth ?
    The expense ratio of HDFC Business Cycle Fund Direct Growth is 0.55%
    What is the AUM of HDFC Business Cycle Fund Direct Growth ?
    The assets under Management (AUM) of HDFC Business Cycle Fund Direct Growth is Rs 2,678.20 crores.
    What is the minimum investment in HDFC Business Cycle Fund Direct Growth ?
    The minimum Lumpsum investment in HDFC Business Cycle Fund Direct Growth is ₹100.00 and the minimum SIP investment in HDFC Business Cycle Fund Direct Growth is ₹100.00
    What is the asset allocation of HDFC Business Cycle Fund Direct Growth?
    HDFC Business Cycle Fund Direct Growth has an exposure of 97.27% in Equity, 1.09% in Debt and 1.64% in Cash & Money Market Securities

    bt_logoCALCULATORS

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