• 1 Year Returns: -13.15%
• 3 Year Returns: 11.55%
• 5 Year Returns: 13.48%

• Private Banks | 11.88%
• Construction & Engineering | 10.99%
• Industrial Machinery | 7.75%
• Investment Banking & Brokerage | 7.05%
• Miscellaneous | 6.78%

• Treps | 6.78%
• Multi Commodity Exchange of India Ltd | 5.66%
• Reliance Industries Ltd | 5.14%
• ICICI Bank Ltd | 4.92%
• HDFC Bank Ltd | 4.20%

• Equity | 93.30%
• Cash & Equivalents | 6.69%
• Pref Shares | 0.02%

The alpha ratio for the HSBC Business Cycles Fund(IDCW-Payout) is 11.97

Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

The volatility or standard deviation for the HSBC Business Cycles Fund(IDCW-Payout) is 18.14

Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

The Sharpe ratio for the HSBC Business Cycles Fund(IDCW-Payout) is -0.46

The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

The Sortino Ratio for the HSBC Business Cycles Fund(IDCW-Payout) is -0.05

The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.