HSBC Midcap Fund
HSBC Mutual Fund · Mid Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
448.2620
1-day change
-0.80%
1Y return
14.7%
3Y CAGR
20.6%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 28 Nov 2022 to 1 Oct 2026
Returns vs Mid Cap median (34 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -6.4% | -6.3% |
| 3 months | -2.6% | -3.5% |
| 6 months | 20.4% | 11.2% |
| Year to date | 11.4% | 0.4% |
| 1 year | 14.7% | 3.6% |
| 3 years (CAGR) | 20.6% | 13.9% |
| 5 years (CAGR) | n/a | 13.0% |
| 7 years (CAGR) | n/a | 20.1% |
| 10 years (CAGR) | n/a | 14.6% |
| Since first NAV (CAGR) | 21.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 20.4% | 12.5% |
| 3Y rolling median | 24.8% | 19.0% |
| 3Y rolling worst | 20.6% | -7.3% |
| 3Y periods positive | 100% | 96% |
| 3Y periods ahead of benchmark | 100% | 22% |
| 5Y rolling median | n/a | 17.6% |
| 5Y rolling worst | n/a | -1.0% |
| 5Y periods ahead of benchmark | n/a | 3% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 20.6% | 18.1% |
| Sharpe ratio | 0.71 | 0.48 |
| Sortino ratio | 1.09 | 0.73 |
| Beta | 1.05 | 0.95 |
| Alpha (ann.) | 6.2% | 1.1% |
| Upside capture | 119.15 | 96.30 |
| Downside capture | 96.07 | 93.90 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −26.1% | −37.4% |
| Maximum drawdown, last 10Y | n/a | −37.3% |
| Maximum drawdown, last 5Y | n/a | −21.6% |
| Current drawdown | −7.6% | −7.7% |
| Recovery time of worst fall | 419 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.16% a year and the Direct plan's 1.10%, a gap of 1.06%; over the last 3 years the Direct plan returned 1.29 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 ₹23,87,748.
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 2.21% to 2.16% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Cheenu Gupta | 1 Mar 2024 | |
| Mayank Chaturvedi | 1 Oct 2025 | |
| Dipan S. Parikh | 26 Aug 2026 |
Objective: The investment objective of the Scheme to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated asset allocation: Equity and Equity related securities midcap companies 65% -100% Equity and Equity related securities of other than mid cap companies 0% -35% Money market instruments and other liquid instruments 0% -35% Units issued by InvITs 0%-10% Units of Gold and Silver ETFs 0% - 35%
Benchmark (tier 1): NIFTY Midcap 150 TRI
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.
Minimum application: ₹5,000
Allotment date: 9 Aug 2004
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), Regular plan | 2.16% | 2.03% |
| AUM, whole scheme (₹ crore) | 16,800 | 7,604 |
| 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) | 16.6% | 4.6% TRI |
| Return, 3 years (AMFI) | 20.9% | 13.7% TRI |
| Return, 5 years (AMFI) | 16.3% | 14.8% TRI |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 11.4% | -2.5% | +13.8% |
| 2025 | -1.3% | 5.8% | −7.2% |
| 2024 | 39.7% | 24.2% | +15.5% |
| 2023 | 40.0% | 44.3% | −4.3% |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 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 | ₹1,29,139 | 14.4% |
| 3 years | ₹3,60,000 | ₹4,44,727 | 14.2% |
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: Mid Cap
Plan / option: Regular · Growth
AMFI scheme code: 151034
ISIN: INF917K01254
First NAV in MFIC data: 28 Nov 2022
History: 3.8 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 Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 15.0% |
| Baroda BNP Paribas Innovation Fund | Sectoral/Thematic | 0.96 | n/a |
| Union Midcap Fund | Mid Cap | 0.96 | 13.8% |
| BANDHAN MID CAP FUND | Mid Cap | 0.95 | 15.1% |
| HSBC Multi Cap Fund | Multi Cap | 0.95 | 15.5% |
| Baroda BNP Paribas Mid Cap Fund | Mid Cap | 0.95 | 13.3% |
Questions about HSBC Midcap Fund
- What is the latest NAV of HSBC Midcap Fund?
- The NAV of the Regular plan (growth option) was ₹448.2620 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Midcap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 34 Mid Cap schemes (Regular plans).
- What returns has HSBC Midcap Fund delivered?
- Over one year the NAV changed by 14.7%. The 3-year CAGR is 20.6% (category median 13.9%). 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 24.8%, the lowest was 20.6%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 100% of those periods.
- What was the largest fall in HSBC Midcap Fund's NAV?
- The largest peak-to-trough fall in its available history was 26.1%.
- How volatile is HSBC Midcap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 20.6%, which is above the Mid Cap category median of 18.1%.
- What would a monthly SIP in HSBC Midcap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,44,727 on 1 Oct 2026, an annualised return (XIRR) of 14.2%. This uses the Regular 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 Midcap Fund?
- The total expense ratio of the Regular plan is 2.16% a year, as disclosed to AMFI (median of Mid Cap Regular plans: 2.03%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Midcap Fund?
- Assets under management of the whole scheme were ₹16,800 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Midcap 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 Midcap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 20.9% for this plan against 13.7% for the benchmark total return index; over 5 years 16.3% against 14.8%. Past performance does not indicate future results.
- Who manages HSBC Midcap Fund?
- According to its Scheme Summary Document, HSBC Midcap Fund is managed by Cheenu Gupta (since 1 Mar 2024), Mayank Chaturvedi (since 1 Oct 2025), Dipan S. Parikh (since 26 Aug 2026).
- What is the exit load of HSBC Midcap Fund?
- As stated in its scheme documents: 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. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Midcap Fund?
- The minimum application amount is ₹5,000. 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 15.9% and the Regular plan's by 14.7%. 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 Regular 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.