HSBC Midcap Fund
HSBC Mutual Fund · Mid Cap · Regular plan, growth option
| 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% | – |
| 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).
| 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 |
| 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.
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
- P/E 28.1: higher than 16% of days since 2023 (median 33.7)
- 1Y +2.5% · 3Y +13.0% p.a. · 5Y +14.3% p.a. (index fund NAV, after costs)
- −8.1% 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.
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.
- 1 Oct 2026: TER reduced from 2.21% to 2.16% (AMFI TER disclosure)
| Fund manager | Role | Managing since |
|---|---|---|
| Cheenu Gupta | 1 Mar 2024 | |
| Mayank Chaturvedi | 1 Oct 2025 | |
| Dipan S. Parikh | 26 Aug 2026 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| 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.
| 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.
| 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.
| 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 | 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% |
- 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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