HSBC Small Cap Fund
HSBC Mutual Fund · Small Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
88.5105
1-day change
-0.68%
1Y return
11.3%
3Y CAGR
12.6%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 28 Nov 2022 to 1 Oct 2026
Returns vs Small Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -3.4% | -3.6% |
| 3 months | 1.6% | 1.2% |
| 6 months | 26.6% | 23.5% |
| Year to date | 13.0% | 11.2% |
| 1 year | 11.3% | 11.3% |
| 3 years (CAGR) | 12.6% | 13.5% |
| 5 years (CAGR) | n/a | 14.2% |
| 7 years (CAGR) | n/a | 21.7% |
| 10 years (CAGR) | n/a | 16.0% |
| Since first NAV (CAGR) | 17.3% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.3% | 12.5% |
| 3Y rolling median | 16.2% | 19.2% |
| 3Y rolling worst | 12.6% | 2.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 0% | 49% |
| 5Y rolling median | n/a | 19.7% |
| 5Y rolling worst | n/a | 3.6% |
| 5Y periods ahead of benchmark | n/a | 60% |
Benchmark: Nifty Smallcap 250 (proxy: Motilal Oswal Nifty Smallcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 21.9% | 19.9% |
| Sharpe ratio | 0.30 | 0.41 |
| Sortino ratio | 0.47 | 0.65 |
| Beta | 0.97 | 0.86 |
| Alpha (ann.) | -0.4% | 1.6% |
| Upside capture | 94.06 | 86.18 |
| Downside capture | 96.23 | 84.62 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −27.3% | −29.9% |
| Maximum drawdown, last 10Y | n/a | −48.2% |
| Maximum drawdown, last 5Y | n/a | −24.4% |
| Current drawdown | −4.8% | −4.4% |
| Recovery time of worst fall | 546 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Venugopal Manghat | 1 Oct 2025 | |
| Mayank Chaturvedi | 1 Oct 2025 | |
| Dipan S. Parikh | 26 Aug 2026 |
Objective: To generate long term capital growth from an actively managed portfolio of equity and equity related securities of predominantly small cap companies. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated asset allocation: Equity & Equity related securities of small cap companies : 65% -100% Equity & Equity related securities of other than small 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 Small Cap 250 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: 12 May 2014
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 | 1.78% | 2.06% |
| AUM, whole scheme (₹ crore) | 18,513 | 5,596 |
| 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) | 13.0% | 7.2% TRI |
| Return, 3 years (AMFI) | 12.9% | 14.0% TRI |
| Return, 5 years (AMFI) | 15.6% | 14.5% TRI |
Official benchmark: Nifty Smallcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Small Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Smallcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 13.0% | 5.5% | +7.4% |
| 2025 | -11.5% | -5.6% | −5.9% |
| 2024 | 28.5% | 26.5% | +2.0% |
| 2023 | 46.1% | 48.3% | −2.3% |
Benchmark proxy: Motilal Oswal Nifty Smallcap 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 | ₹1,32,890 | 20.5% |
| 3 years | ₹3,60,000 | ₹4,10,826 | 8.8% |
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: Small Cap
Plan / option: Regular · Growth
AMFI scheme code: 151133
ISIN: INF917K01QC7
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 |
|---|---|---|---|
| LIC MF Small Cap Fund | Small Cap | 0.98 | 16.2% |
| Nippon India Small Cap Fund | Small Cap | 0.97 | 13.4% |
| Edelweiss Small Cap Fund | Small Cap | 0.97 | 12.7% |
| Aditya Birla Sun Life Small Cap Fund | Small Cap | 0.97 | 13.5% |
| Axis Small Cap Fund | Small Cap | 0.97 | 13.5% |
| ITI Small Cap Fund | Small Cap | 0.97 | 21.3% |
Questions about HSBC Small Cap Fund
- What is the latest NAV of HSBC Small Cap Fund?
- The NAV of the Regular plan (growth option) was ₹88.5105 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Small Cap Fund in?
- It is classified as Small Cap in AMFI's daily NAV file; a Small Cap scheme invests at least 65% in small-cap stocks. MFIC compares it with 36 Small Cap schemes (Regular plans).
- What returns has HSBC Small Cap Fund delivered?
- Over one year the NAV changed by 11.3%. The 3-year CAGR is 12.6% (category median 13.5%). 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 16.2%, the lowest was 12.6%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Smallcap 250 (index-fund proxy) in 0% of those periods.
- What was the largest fall in HSBC Small Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 27.3%.
- How volatile is HSBC Small Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 21.9%, which is above the Small Cap category median of 19.9%.
- What would a monthly SIP in HSBC Small Cap 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 ₹4,10,826 on 1 Oct 2026, an annualised return (XIRR) of 8.8%. 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 Small Cap Fund?
- The total expense ratio of the Regular plan is 1.78% a year, as disclosed to AMFI (median of Small Cap Regular plans: 2.06%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Small Cap Fund?
- Assets under management of the whole scheme were ₹18,513 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Small 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 Small Cap Fund and how has it compared?
- Its official benchmark is the Nifty Smallcap 250 TRI. Over 3 years AMFI reports a return of 12.9% for this plan against 14.0% for the benchmark total return index; over 5 years 15.6% against 14.5%. Past performance does not indicate future results.
- Who manages HSBC Small Cap Fund?
- According to its Scheme Summary Document, HSBC Small Cap Fund is managed by Venugopal Manghat (since 1 Oct 2025), Mayank Chaturvedi (since 1 Oct 2025), Dipan S. Parikh (since 26 Aug 2026).
- What is the exit load of HSBC Small Cap 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 Small Cap 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..
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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.