HSBC Flexi Cap Fund
HSBC Mutual Fund · Flexi Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
253.9975
1-day change
-0.92%
1Y return
4.1%
3Y CAGR
14.6%
5Y CAGR
12.5%
Max drawdown, 5Y
−22.7%
NAV history month-end NAV, ₹ · 2 Jan 2013 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.6% | -5.5% |
| 3 months | -0.1% | -2.7% |
| 6 months | 15.1% | 9.8% |
| Year to date | 2.0% | -2.7% |
| 1 year | 4.1% | 0.2% |
| 3 years (CAGR) | 14.6% | 11.0% |
| 5 years (CAGR) | 12.5% | 10.1% |
| 7 years (CAGR) | 16.7% | 14.6% |
| 10 years (CAGR) | 13.1% | 13.0% |
| Since first NAV (CAGR) | 14.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 12.8% | 11.7% |
| 3Y rolling median | 16.3% | 16.7% |
| 3Y rolling worst | -8.9% | 0.2% |
| 3Y periods positive | 96% | 100% |
| 3Y periods ahead of benchmark | 81% | 83% |
| 5Y rolling median | 14.6% | 15.8% |
| 5Y rolling worst | -2.3% | 1.9% |
| 5Y periods ahead of benchmark | 100% | 77% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 17.4% | 15.6% |
| Sharpe ratio | 0.52 | 0.35 |
| Sortino ratio | 0.80 | 0.52 |
| Beta | 1.07 | 0.96 |
| Alpha (ann.) | 5.5% | 2.3% |
| Upside capture | 124.06 | 101.88 |
| Downside capture | 98.92 | 95.74 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −39.8% | −29.9% |
| Maximum drawdown, last 10Y | −39.8% | −36.7% |
| Maximum drawdown, last 5Y | −22.7% | −20.0% |
| Current drawdown | −5.6% | −6.7% |
| Recovery time of worst fall | 239 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 market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 9% of days since 2022 (median 23.5)
- 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 2.09% a year and the Direct plan's 1.30%, a gap of 0.79%; over the last 3 years the Direct plan returned 0.87 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 ₹17,64,065.
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 1.31% to 1.30% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 1.31% to 1.30% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 1.30% to 1.31% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Abhishek Gupta | Primary | n/a |
| Mayank Chaturvedi | Primary - For Overseas Investment | n/a |
| Dipan S. Parikh | Primary - For investments in Gold / Silver ETFs | n/a |
Objective: To seek long term capital growth through investments made dynamically across market capitalization (i.e., Large, Mid,and Small Caps). The investment couldbe in any one, two or all three types of market capitalization. The Scheme aims to predominantly invest in equity and equity related securities. However, in line with the asset allocation pattern of the Scheme, it could move its assets between equity and fixed income securities depending on its view on these markets.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- 65%-100%;Money market instruments and other liquid instruments -0%-35%; Units of InvITs-0%- 10%, Units of Gold and Silver ETFs - 0% - 35%
Benchmark (tier 1): NIFTY 500 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: Rs. 5,000 per application
Allotment date: 24 Feb 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), Direct plan | 1.30% | 0.91% |
| AUM, whole scheme (₹ crore) | 5,749 | 4,704 |
| 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) | 6.1% | -2.0% TRI |
| Return, 3 years (AMFI) | 14.9% | 9.5% TRI |
| Return, 5 years (AMFI) | 13.4% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 41% | 47% median |
| Month-ends in category top quartile (3Y) | 8% | 25% median |
| 7Y rolling CAGR, median (monthly windows) | 13.9% | 14.8% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 2.0% | -7.8% | +9.8% |
| 2025 | 2.2% | 7.7% | −5.5% |
| 2024 | 29.6% | 15.6% | +13.9% |
| 2023 | 32.8% | 26.5% | +6.3% |
| 2022 | -3.5% | 3.8% | −7.3% |
| 2021 | 35.5% | 30.6% | +4.9% |
| 2020 | 17.4% | 17.2% | +0.1% |
| 2019 | 7.3% | n/a | – |
| 2018 | -9.9% | n/a | – |
| 2017 | 41.3% | n/a | – |
Benchmark proxy: Motilal Oswal Nifty 500 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 | ₹1,23,383 | 5.3% |
| 3 years | ₹3,60,000 | ₹4,05,291 | 7.8% |
| 5 years | ₹6,00,000 | ₹8,32,089 | 13.0% |
| 10 years | ₹12,00,000 | ₹25,48,127 | 14.4% |
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: Flexi Cap
Plan / option: Direct · Growth
AMFI scheme code: 120046
ISIN: INF336L01DH5
First NAV in MFIC data: 2 Jan 2013
History: 13.7 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 |
|---|---|---|---|
| Franklin India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Edelweiss Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Aditya Birla Sun Life Multi-Cap Fund | Multi Cap | 0.98 | 13.3% |
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.97 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.97 | n/a |
| Mirae Asset Multicap Fund | Multi Cap | 0.97 | 12.3% |
Questions about HSBC Flexi Cap Fund
- What is the latest NAV of HSBC Flexi Cap Fund?
- The NAV of the Direct plan (growth option) was ₹253.9975 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Direct plans).
- What returns has HSBC Flexi Cap Fund delivered?
- Over one year the NAV changed by 4.1%. The 3-year CAGR is 14.6% (category median 11.0%) and the 5-year CAGR is 12.5% (category median 10.1%). 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 16.3%, the lowest was -8.9%, and 96% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 81% of those periods.
- What was the largest fall in HSBC Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 39.8%; within the last five years it was 22.7% (category median 20.0%).
- How volatile is HSBC Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 17.4%, which is above the Flexi Cap category median of 15.6%.
- What would a monthly SIP in HSBC Flexi 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 ₹8,32,089 on 1 Oct 2026, an annualised return (XIRR) of 13.0%. 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 Flexi Cap Fund?
- The total expense ratio of the Direct plan is 1.30% a year, as disclosed to AMFI (median of Flexi Cap Direct plans: 0.91%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Flexi Cap Fund?
- Assets under management of the whole scheme were ₹5,749 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Flexi 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 Flexi Cap Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 14.9% for this plan against 9.5% for the benchmark total return index; over 5 years 13.4% against 9.0%. Past performance does not indicate future results.
- How often has HSBC Flexi Cap Fund beaten its category?
- At 41% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Flexi Cap schemes (Direct plans); it was in the top quarter at 8% of them. A typical scheme would show about 50%.
- Who manages HSBC Flexi Cap Fund?
- According to its Scheme Summary Document, HSBC Flexi Cap Fund is managed by Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh.
- What is the exit load of HSBC Flexi 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 Flexi 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 4.1% and the Regular plan's by 3.3%. 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.