• 1 Year Returns: -2.60%
• 3 Year Returns: 19.88%
• 5 Year Returns: 22.13%

• Construction & Engineering | 12.43%
• Private Banks | 11.68%
• Investment Banking & Brokerage | 7.21%
• Industrial Machinery | 6.91%
• Oil & Gas - Refining & Marketing | 5.23%

• Multi Commodity Exchange of India Ltd | 5.51%
• ICICI Bank Ltd | 5.33%
• Reliance Industries Ltd | 5.23%
• Trent Ltd | 5.16%
• HDFC Bank Ltd | 4.28%

• Equity | 95.87%
• Cash & Equivalents | 4.13%

The alpha ratio for the HSBC Business Cycles Fund(IDCW-Payout) is 7.20

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 20.18

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 0.18

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 0.02

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.