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HDFC Business Cycle Fund - Growth Option - Direct Plan is an equity scheme managed by HDFC Mutual Fund. Over rolling three-year windows since inception, investors earned a median compounded return of 14.24%, with the bottom and top quartiles at 12.75% and 15.37% respectively. It has ranked in the top half of its category for 0 of the last 1 reported years. The total expense ratio is 1.69% on assets of ₹2,604Cr. The fund is currently managed by Mr. Rahul Baijal, appointed within the last year.
Lower is better.
This scheme classifies as Large-Blend on the 3x3 equity style box, with 86% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| BHARTI AIRTEL LIMITED | Communication Services | 6.21% |
| ICICI BANK LIMITED | Financial Services | 5.06% |
| TITAN COMPANY LIMITED | Consumer Cyclical | 4.33% |
| ANTHEM BIOSCIENCES PRIVATE LIMITED | Healthcare | 3.90% |
| HDFC BANK LIMITED | Financial Services | 3.59% |
| FORTIS HEALTHCARE LIMITED. | Healthcare | 3.35% |
| VISHAL MEGA MART PRIVATE LIMITED | Consumer Cyclical | 3.10% |
| INTERGLOBE AVIATION LIMITED | Industrials | 2.74% |
| APTUS VALUE HOUSING FINANCE INDIA LIMITED | Financial Services | 2.68% |
| AETHER INDUSTRIES LIMITED | Basic Materials | 2.45% |
| BAJAJ AUTO LIMITED | Consumer Cyclical | 2.44% |
| INDUSIND BANK LIMITED | Financial Services | 2.31% |
| HOME FIRST FINANCE COMPANY INDIA LIMITED | Financial Services | 1.94% |
| ERIS LIFESCIENCES LIMITED | Healthcare | 1.91% |
| PB FINTECH LIMITED | Financial Services | 1.56% |
| TIMKEN INDIA LIMITED | Industrials | 1.28% |
| MANKIND PHARMA LIMITED | Healthcare | 1.25% |
| Swiggy Pvt Ltd | Consumer Cyclical | 1.25% |
| CG POWER AND INDUSTRIAL SOLUTIONS LIMITED | Industrials | 1.23% |
| Pearl Global Industries Limited | Consumer Cyclical | 1.14% |
| LUPIN LIMITED | Healthcare | 1.09% |
| AADHAR HOUSING FINANCE LIMITED | Financial Services | 1.09% |
| SRF LIMITED | Industrials | 1.04% |
| Bharat Dynamics Limited | Industrials | 0.97% |
| Shriram Finance Limited | Financial Services | 0.95% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 9 | 28.69% |
| Healthcare | 6 | 11.50% |
| Consumer Services | — | 11.47% |
| Telecommunication | — | 6.21% |
| Capital Goods | — | 5.29% |
| Services | — | 4.73% |
| Consumer Durables | — | 4.61% |
| Automobile and Auto Components | — | 3.64% |
| Chemicals | — | 3.49% |
| Power | — | 3.33% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -5.49% | 3.35% | 8.23% | 31.85% | 39.99% | 92.1% |
| 3Y | 10.78% | 12.75% | 14.24% | 15.37% | 16.38% | 100.0% |
Each cell is one year. Q1 = top quartile within the AMFI category for that period. Cell label is the last two digits of the year.
Top-10 weight 37.4% means the portfolio is broad — even the top names don't dominate. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.