Markets / Mutual funds / Sectoral / Thematic

HDFC Business Cycle Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

HDFC Mutual Fund · Equity fund · Direct plan · Growth

Sectoral / ThematicDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹16.0630 ▲ 0.48%

HDFC Mutual Fund

Fund size₹2,744 crJuly - September 2026

1-month range₹14.69 – 16.06

1 year+4.37%rank 100 of 204

Expense ratio1.13%direct plan, a year

5 years–a year

What the fund does

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.There is no assurance that the investment objective of the Scheme will be achieved.

BenchmarkNifty 500 TRI (Total Returns Index)

Fund houseHDFC Mutual Fund

Fund managersFM 1 -Mr. Amar KalkundrikarFM 2 - Mr. Gopal AgrawalFM 3 - Mr. Bhagyesh Kagalkar

NAV history

Returns

1 week

+5.85%avg 5.2%

1 month

+3.13%avg 3.0%

3 months

+0.05%avg -1.6%

6 months

+6.50%avg 3.7%

This year

+5.46%avg 4.5%

1 year

+4.37%avg 5.5% · #100/204

3 years (a year)

+12.31%avg 15.3% · #86/127

Bars: this plan; the thin mark is the Sectoral / Thematic average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+0.1
2025	-5.1	-6.6	+5.1	+1.2	+4.2	+4.1	+1.1	-2.2	+0.4	+3.2	-1.2	-1.1
2026	-3.5	+0.3	-11.1	+12.3	-0.3	+5.9	+2.0	+2.4	-4.2	-2.4	+5.9

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held6165 lines in all

Top 10 stocks38.7%of the fund

Equity86.9%stocks and equity derivatives

Debt & cash13.1%everything else

Where the money is

Equity 86.9%Debt 1.1%Cash & others 12.0%Short -0.0%

Sectors (stocks held)

Banks

16.5%

Finance

8.4%

Retailing

7.7%

Pharmaceuticals & Biotechnology

7.4%

Telecom - Services

5.7%

Power

4.8%

Consumer Durables

4.7%

Textiles & Apparels

3.3%

Stocks held 61

Holding	Sector / type	% of fund
Bharti Airtel Ltd. INE397D01024	Telecom - Services	5.69%
Kotak Mahindra Bank Limited INE237A01036	Banks	5.31%
ICICI Bank Ltd. INE090A01021	Banks	5.21%
Titan Company Ltd. INE280A01028	Consumer Durables	4.46%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	3.78%
PEARL GLOBAL INDUSTRIES LIMITED INE940H01022	Textiles & Apparels	3.28%
HDFC Bank Ltd.£ INE040A01034	Banks	3.24%
Eternal Limited INE758T01015	Retailing	2.86%
Vishal Mega Mart Limited INE01EA01019	Retailing	2.52%
Clean Max Enviro Energy Solutions Limited INE647U01026	Power	2.38%
Cholamandalam Investment & Finance Co. Ltd. INE121A01024	Finance	2.28%
Indusind Bank Ltd. INE095A01012	Banks	2.24%
Bajaj Auto Limited INE917I01010	Automobiles	2.23%
Home First Finance Company India Ltd INE481N01025	Finance	2.23%
Aadhar Housing Finance Limited INE883F01010	Finance	2.17%
ACME Solar Holdings Limited INE622W01025	Power	2.03%
Aether Industries Ltd INE0BWX01014	Chemicals & Petrochemicals	1.94%
Swiggy Limited INE00H001014	Retailing	1.93%
Aptus Value Housing Finance India Ltd INE852O01025	Finance	1.75%
Fortis Healthcare Limited INE061F01013	Healthcare Services	1.71%
Eris Lifesciences Ltd INE406M01024	Pharmaceuticals & Biotechnology	1.69%
MANKIND PHARMA LIMITED INE634S01028	Pharmaceuticals & Biotechnology	1.37%
KSB Ltd INE999A01023	Industrial Products	1.31%
Bharat Dynamics Limited INE171Z01026	Aerospace & Defense	1.30%
ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED INE346A01027	Capital Markets	1.27%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	1.20%
Glass Wall Systems (India) Limited INE644Q01039	Other Construction Materials	1.17%
Le Travenues Technology Limited INE0HV901016	Leisure Services	1.17%
Global Health Limited INE474Q01031	Healthcare Services	1.16%
InterGlobe Aviation Ltd. INE646L01027	Transport Services	1.16%
Leela Palaces Hotels & Resorts Limited INE0AQ201015	Leisure Services	1.03%
SRF Ltd. INE647A01010	Chemicals & Petrochemicals	1.01%
PB Fintech Limited INE417T01026	Financial Technology (Fintech)	0.98%
Chalet Hotels Ltd. INE427F01016	Leisure Services	0.93%
CG Power and Industrial Solutions Ltd. INE067A01029	Electrical Equipment	0.88%
Timken India Ltd. INE325A01013	Industrial Products	0.85%
Adani Ports & Special Economic Zone INE742F01042	Transport Infrastructure	0.81%
Dhoot Transmission Limited INE01NH01023	Auto Components	0.65%
Sona Blw Precision Forgings INE073K01018	Auto Components	0.56%
Torrent Pharmaceuticals Ltd. INE685A01028	Pharmaceuticals & Biotechnology	0.54%
Bosch Limited INE323A01026	Auto Components	0.52%
G R Infraprojects Limited INE201P01022	Construction	0.52%
RHI MAGNESITA INDIA Limited INE743M01012	Industrial Products	0.51%
WeWork India Management Limited INE085001019	Commercial Services & Supplies	0.50%
Axis Bank Ltd. INE238A01034	Banks	0.46%
Brainbees Solutions Limited (FirstCry) INE02RE01045	Retailing	0.39%
JSW Energy Ltd. INE121E01018	Power	0.39%
Ola Electric Mobility Limited INE0LXG01040	Automobiles	0.38%
Rentomojo Limited INE08T701025	Commercial Services & Supplies	0.38%
AWFIS SPACE SOLUTIONS LIMITED INE108V01019	Commercial Services & Supplies	0.30%
Grindwell Norton Ltd. INE536A01023	Industrial Products	0.27%
PNC Infratech Ltd. INE195J01029	Construction	0.26%
Ceigall India Limited INE0AG901020	Construction	0.25%
Lumino Industries Limited INE185Q01025	Industrial Products	0.25%
INDO-MIM Limited INE084101034	Industrial Manufacturing	0.24%
Shiprocket Limited INE0FOO01011	Transport Services	0.23%
Crompton Greaves Consumer Elec. Ltd. INE299U01018	Consumer Durables	0.21%
SULA VINEYARDS LIMITED INE142Q01026	Beverages	0.20%
Star Health and Allied Insurance Company Ltd INE575P01011	Insurance	0.15%
Afcons Infrastructure Limited INE101I01011	Construction	0.12%
Tempsens Instruments (India) Limited INE1KZI01025	Industrial Manufacturing	0.11%

Show 46 moreShow fewer

Short positions 1

Holding	Sector / type	% of fund
Net Current Assets	–	-0.04%

Debt, money market and cash 3

Holding	Sector / type	% of fund
TREPS - Tri-party Repo	–	10.92%
Embassy Office Parks REIT INE041025011	Realty	1.13%
6.68% GOI MAT 070740 IN0020250042	Sovereign	1.07%

From the fund house's monthly portfolio (), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility15.3%yearly, from daily NAVs

Worst fall-17.63%20 Sept 2024 → 23 Mar 2026

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 30 Nov 2022).

Where it can invest (limits from the scheme document)

Equity and equity related instruments of Business cycle based theme companies/entities

80–100%

Equity and equity related instruments of companies/entities other than above

0–20%

Units issued by InvITs

0–10%

Money market instruments, Other liquid instruments and Units of Mutual Fund^^

0–20%

Gold and Silver instruments

0–20%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹2,744 cr across all plans · this plan ₹238 cr
Fund house	HDFC Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 1.13% · Regular 2.11% (4 Nov 2026)
Exit load	In respect of each purchase/switch-in of units, an Exit Load of 1.00% 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. In respect of Systematic Transactions such as SIP, Flex SIP, STP, Flex STP, Swing STP, Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	150805
ISIN	INF179KC1DY9
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · IDCW	₹16.0630	+4.37%
Regular · Growth	₹15.3230	+3.30%
Regular · IDCW	₹15.3230	+3.30%

Top Sectoral / Thematic funds (direct plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+39.55%	+42.38%
HDFC Defence Fund	+20.78%	+35.14%
HDFC Pharma and Healthcare Fund	+28.23%	+31.72%
SBI HEALTHCARE OPPORTUNITIES FUND	+22.32%	+25.68%
HDFC Transportation and Logistics Fund	+9.94%	+25.29%
Mirae Asset Healthcare Fund	+24.35%	+25.21%
UTI - Healthcare Fund	+18.81%	+24.71%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND	+11.93%	+23.21%
HDFC Business Cycle Fund	+4.37%	+12.31%

All Sectoral / Thematic funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of HDFC Business Cycle Fund - Direct Plan - Growth today?

₹16.0630 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of HDFC Business Cycle Fund - Direct Plan - Growth?

1 year: 4.37%, 3 years: 12.31% a year

How does HDFC Business Cycle Fund rank in its category?

100 of 204 Sectoral / Thematic funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.