MF Gyan
sectorHigh risk4 years oldAccelerating recently (last 6m ≈ 29% p.a.)

HDFC Business Cycle Fund - Direct Plan - Growth Option

Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings. From HDFC Mutual Fund. It's been running since 30 Nov 2022.

Latest price per unit
₹16.185
▼ 0.04% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.06 L
▲ ₹5.7k gain · 5.7% / year
Invested 3 years ago
₹1.43 L
▲ ₹43.0k gain · 12.7% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹1.80 L
Value today₹2.05 L
Gain / loss+₹24.7k
XIRR (annualised)8.98%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹2.07 L
Projected gain*+₹27.2k
*at this fund's historical rate of 8.98% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 363 other funds in Equity Scheme - Sectoral/ Thematic

Same plan
1-year return
5.68%median 6.52% (-0.84%)
Rank #177 of 364Beats 46% of peers
3-year return
12.67%median 13.63% (-0.96%)
Rank #124 of 364Beats 43% of peers
Bumpiness (3Y)
13.84%median 15.58% (-1.74%)
Rank #89 of 364Less risky than 75% of peers
Worst-ever drop
-18.04%median -25.21% (+7.16%)
Rank #270 of 364Less risky than 26% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 4 of last 5 years were positive.

-1%
2022
+30%
2023
+15%
2024
+2%
2025
+6%
2026
Best year
2023 · 29.51%
Worst year
2022 · -1.00%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
13.8%

The value swings roughly 14% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-18.04%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of HDFC Business Cycle Fund - Direct Plan - Growth Option against other sector funds.

Technical details (for the pros)
CAGR — 1 year5.68%
CAGR — 3 years12.67%
CAGR — 5 years—
CAGR — since launch13.62%
Volatility — 1 year (annualised)14.42%
Volatility — 3 years (annualised)13.84%
Max drawdown — 1 year-16.95%
Max drawdown — 3 years-18.04%
Sharpe ratio — 1 year (rf=6%)-0.02
Sharpe ratio — 3 years (rf=6%)0.45

Fund info

Fund house
HDFC Mutual Fund
Category
Equity Scheme - Sectoral/ Thematic
Plan
Direct
Option
Growth
ISIN (Growth)
INF179KC1DY9
ISIN (Div re-invest)
—
Fund code
150805
First price on record
30 Nov 2022 · 928 daily prices

About HDFC Business Cycle Fund - Direct Plan - Growth Option

HDFC Business Cycle Fund - Direct Plan - Growth Option is a Equity Scheme - Sectoral/ Thematic offered by HDFC Mutual Fund under the Direct plan with the Growth option. It has approximately 4 years of NAV track record. The fund falls in the sector category — Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

The current NAV of HDFC Business Cycle Fund - Direct Plan - Growth Option is ₹16.1850 (as of 4 Sep 2026). Historically, it has delivered 5.67% over the last year, 12.67% CAGR over 3 years. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 13.8% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 18.0%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of HDFC Business Cycle Fund - Direct Plan - Growth Option?+

The latest NAV of HDFC Business Cycle Fund - Direct Plan - Growth Option is ₹16.1850 as of 4 Sep 2026, down 0.04% from the previous day. NAV is updated once a business day after the market close.

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

HDFC Business Cycle Fund - Direct Plan - Growth Option has delivered 1-year return 5.67%, 3-year CAGR 12.67%, since-inception CAGR 13.62%. Returns are historical and don't predict future performance — markets move in cycles.

What category does HDFC Business Cycle Fund - Direct Plan - Growth Option belong to?+

HDFC Business Cycle Fund - Direct Plan - Growth Option is categorised as Equity Scheme - Sectoral/ Thematic. Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

How risky is HDFC Business Cycle Fund - Direct Plan - Growth Option?+

Based on its 3-year annualised volatility of 13.8%, HDFC Business Cycle Fund - Direct Plan - Growth Option sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is HDFC Business Cycle Fund - Direct Plan - Growth Option a direct plan?+

HDFC Business Cycle Fund - Direct Plan - Growth Option is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is HDFC Business Cycle Fund - Direct Plan - Growth Option?+

HDFC Business Cycle Fund - Direct Plan - Growth Option has NAV history available from 30 Nov 2022 — approximately 4 years of track record and 928 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.