HSBC Large & Mid Cap Fund
HSBC Mutual Fund · Large & Mid Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
31.6913
1-day change
-0.55%
1Y return
7.3%
3Y CAGR
16.2%
5Y CAGR
13.7%
Max drawdown, 5Y
−25.1%
NAV history month-end NAV, ₹ · 4 Apr 2019 to 1 Oct 2026
Returns vs Large & Mid Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -5.4% | -6.1% |
| 3 months | -2.9% | -3.9% |
| 6 months | 15.0% | 8.1% |
| Year to date | 5.8% | -3.2% |
| 1 year | 7.3% | 0.7% |
| 3 years (CAGR) | 16.2% | 11.9% |
| 5 years (CAGR) | 13.7% | 11.5% |
| 7 years (CAGR) | 18.2% | 17.0% |
| 10 years (CAGR) | n/a | 14.1% |
| Since first NAV (CAGR) | 16.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 15.5% | 13.2% |
| 3Y rolling median | 21.0% | 18.0% |
| 3Y rolling worst | 12.4% | -3.7% |
| 3Y periods positive | 100% | 99% |
| 3Y periods ahead of benchmark | 97% | 67% |
| 5Y rolling median | 22.0% | 16.8% |
| 5Y rolling worst | 13.7% | 2.2% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: Nifty LargeMidcap 250 (proxy: Edelweiss NIFTY Large Midcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.7% | 16.2% |
| Sharpe ratio | 0.59 | 0.42 |
| Sortino ratio | 0.84 | 0.63 |
| Beta | 1.03 | 0.97 |
| Alpha (ann.) | 6.0% | 2.1% |
| Upside capture | 126.02 | 102.90 |
| Downside capture | 100.90 | 98.80 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −36.1% | −35.7% |
| Maximum drawdown, last 10Y | n/a | −37.4% |
| Maximum drawdown, last 5Y | −25.1% | −19.5% |
| Current drawdown | −6.7% | −7.5% |
| Recovery time of worst fall | 233 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
- 1Y +6.8% · 3Y n/a p.a. · 5Y n/a p.a. (index fund NAV, after costs)
- −11.7% from its 52-week high (proxy NAV)
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.43% a year and the Direct plan's 1.34%, a gap of 1.09%; over the last 3 years the Direct plan returned 1.22 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹23,75,946.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.39% to 1.34% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 1.38% to 1.39% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 1.39% to 1.38% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.38% to 1.39% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Cheenu Gupta | 26 Nov 2022 | |
| Mayank Chaturvedi | 26 Nov 2022 | |
| Dipan S. Parikh (For Investment in Gold | For Investment in Gold / Silver ETFs | 26 Nov 2022 |
| Silver ETFs) | 26 Nov 2022 |
Objective: To seek long term capital growth through investments in both large cap and mid cap stocks. However, there is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equities & Equity related securities out of which -80%- 100% a)Large Cap Companies- 35%- 65% b)Mid Cap Companies- 35%- 65% c) Other than Large Cap and Mid Cap Companies-0%- 30% , Money market instruments and other liquid instruments - 0%-20%, Units issued by InvITs-0%-10%, Units of Gold and Silver ETFs - 0% - 20%
Benchmark (tier 1): NIFTY Large Midcap 250 TRI
Exit load: Exit Load : If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1% If units are redeemed or switched out on or after 1 year from the date of allotment – Nil A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit load will be chargeable in case of switches made between different options of the Scheme. No Exit load will be chargeable in case of Units a…
Minimum application: Rs. 5,000 per application
Allotment date: 28 Mar 2019
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.34% | 1.08% |
| AUM, whole scheme (₹ crore) | 5,784 | 4,000 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 8.9% | -0.4% TRI |
| Return, 3 years (AMFI) | 16.4% | 10.8% TRI |
| Return, 5 years (AMFI) | 14.6% | 11.0% TRI |
| Month-ends above category median (3Y CAGR) | 54% | 52% median |
| Month-ends in category top quartile (3Y) | 22% | 23% median |
Official benchmark: Nifty LargeMidcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Large & Mid Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty LargeMidcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 5.8% | -7.0% | +12.8% |
| 2025 | -2.5% | 7.9% | −10.4% |
| 2024 | 40.0% | 18.3% | +21.7% |
| 2023 | 31.7% | 32.0% | −0.4% |
| 2022 | -2.2% | 4.0% | −6.2% |
| 2021 | 37.4% | n/a | – |
| 2020 | 17.2% | n/a | – |
Benchmark proxy: Edelweiss NIFTY Large Midcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,24,414 | 6.9% |
| 3 years | ₹3,60,000 | ₹4,18,370 | 10.0% |
| 5 years | ₹6,00,000 | ₹8,71,229 | 14.9% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HSBC Mutual Fund
Category: Large & Mid Cap
Plan / option: Direct · Growth
AMFI scheme code: 146772
ISIN: INF336L01NV5
First NAV in MFIC data: 4 Apr 2019
History: 7.5 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HSBC Midcap Fund | Mid Cap | 0.98 | 21.9% |
| HSBC ELSS Tax saver Fund | ELSS | 0.97 | 14.7% |
| Baroda BNP Paribas Innovation Fund | Sectoral/Thematic | 0.96 | n/a |
| TRUSTMF Flexi Cap Fund | Flexi Cap | 0.96 | n/a |
| Edelweiss Mid Cap Fund | Mid Cap | 0.96 | 19.0% |
| HSBC Multi Cap Fund | Multi Cap | 0.96 | 17.0% |
Questions about HSBC Large & Mid Cap Fund
- What is the latest NAV of HSBC Large & Mid Cap Fund?
- The NAV of the Direct plan (growth option) was ₹31.6913 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Large & Mid Cap Fund in?
- It is classified as Large & Mid Cap in AMFI's daily NAV file; a Large & Mid Cap scheme invests at least 35% each in large-cap and mid-cap stocks. MFIC compares it with 36 Large & Mid Cap schemes (Direct plans).
- What returns has HSBC Large & Mid Cap Fund delivered?
- Over one year the NAV changed by 7.3%. The 3-year CAGR is 16.2% (category median 11.9%) and the 5-year CAGR is 13.7% (category median 11.5%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 21.0%, the lowest was 12.4%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty LargeMidcap 250 (index-fund proxy) in 97% of those periods.
- What was the largest fall in HSBC Large & Mid Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 36.1%; within the last five years it was 25.1% (category median 19.5%).
- How volatile is HSBC Large & Mid Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.7%, which is above the Large & Mid Cap category median of 16.2%.
- What would a monthly SIP in HSBC Large & Mid Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,71,229 on 1 Oct 2026, an annualised return (XIRR) of 14.9%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HSBC Large & Mid Cap Fund?
- The total expense ratio of the Direct plan is 1.34% a year, as disclosed to AMFI (median of Large & Mid Cap Direct plans: 1.08%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Large & Mid Cap Fund?
- Assets under management of the whole scheme were ₹5,784 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Large & Mid Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HSBC Large & Mid Cap Fund and how has it compared?
- Its official benchmark is the Nifty LargeMidcap 250 TRI. Over 3 years AMFI reports a return of 16.4% for this plan against 10.8% for the benchmark total return index; over 5 years 14.6% against 11.0%. Past performance does not indicate future results.
- How often has HSBC Large & Mid Cap Fund beaten its category?
- At 54% of the 54 month-ends compared over the last 10 years, its 3-year return was above the median of Large & Mid Cap schemes (Direct plans); it was in the top quarter at 22% of them. A typical scheme would show about 50%.
- Who manages HSBC Large & Mid Cap Fund?
- According to its Scheme Summary Document, HSBC Large & Mid Cap Fund is managed by Cheenu Gupta (since 26 Nov 2022), Mayank Chaturvedi (since 26 Nov 2022), Dipan S. Parikh (For Investment in Gold (since 26 Nov 2022), Silver ETFs) (since 26 Nov 2022).
- What is the exit load of HSBC Large & Mid Cap Fund?
- As stated in its scheme documents: Exit Load : If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1% If units are redeemed or switched out on or after 1 year from the date of allotment – Nil A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit load will be chargeable in case of switches made between different options of the Scheme. No Exit load will be chargeable in case of Units a… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Large & Mid Cap Fund?
- The minimum application amount is Rs. 5,000 per application. SIP details: SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1 SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 7.3% and the Regular plan's by 6.1%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.