NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹37.36
0.55%
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity other
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
equity other
equity
49.23%p.a.
Last 1Y
25.38%p.a.
Last 3Y
20.05%p.a.
Last 5Y
13.68%p.a.
Since Inception
About HSBC Business Cycles Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Business Cycles Growth scheme from HSBC Asset Management(India)Private Ltd. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Aug 2014, HSBC Business Cycles Growth is Equity - Other fund of its category with 764.45 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- HSBC Business Cycles Growth delivered 49.2% annual returns during the last year. It has delivered 13.7% average annual returns since the fund was launched.
- HSBC Business Cycles Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to seek to generate long-term capital appreciation from a portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The Scheme could also additionally invest in Foreign Securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Top 10 Holdings
ICICI Bank Ltd
6.08%
Trent Ltd
5.53%
Reliance Industries Ltd
5.27%
Larsen & Toubro Ltd
4.92%
Multi Commodity Exchange of India Ltd
4.13%
Ahluwalia Contracts (India) Ltd
3.67%
HDFC Bank Ltd
3.41%
Power Mech Projects Ltd
2.98%
ABB India Ltd
2.71%
Bharat Electronics Ltd
2.64%
Fund Managers
- Venugopal Manghat (Aug 2014 - Present)
- Gautam Bhupal (Jun 2023 - Present)
- Sonal Gupta (Jun 2023 - Present)
Key Information
View Scheme Document
HSBC Business Cycles Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on HSBC Business Cycles Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Business Cycles Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Business Cycles Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
ICICI Prudential India Opportunities Fund Growth
very high risk | equity
31.1%
ICICI Prudential Business Cycle Fund Growth
very high risk | equity
25.9%
SBI Magnum Global Fund Growth
very high risk | equity
13.3%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved