HSBC Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 06-09-2024
₹ 437.75
1D
Inception Returns
22%
/yr
About the Fund
HSBC Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vihang Naik, Cheenu Gupta. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Midcap Fund Direct Growth has ₹11882 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
HSBC Midcap Fund Direct Growth has given a CAGR return of 22.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.84%, 25.03% and 28.40% respectively.
Holdings
HSBC Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Tech, Real Estate, Health, Utilities, Consumer Defensive, Basic Materials, Communication, Energy. Its top holdings are Suzlon Energy Ltd, Cummins India Ltd, Godrej Properties Ltd, JSW Energy Ltd, Trent Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of HSBC Midcap Fund Direct Growth
To seek 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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3673 people have invested ₹ 3.1Cr in HSBC Midcap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
10
/19
37% Performance
55% Risk Management
73% Cost
10 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Underperforms benchmarks during bull run
Fund Overview
| Expense ratio | 0.67% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹11882 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 32.19% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Mid cap
67.5%
Small cap
16.7%
Large cap
13.4%
Sector Allocation
Industrial
32.9%
Financial Services
17.5%
Consumer Cyclical
12.6%
Tech
9%
Real Estate
8%
Health
7.6%
Utilities
5.8%
Consumer Defensive
3%
Basic Materials
2.9%
Communication
0.7%
Energy
0%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.66% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.95% as on Jul'24
- This fund outperformed Nifty Midcap 150 by 0.71% in Jul'24
- AUM of the fund stands at 11.4K Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Suzlon Energy Ltd's allocation increased from 3.94% to 5.28%
Persistent Systems Ltd's allocation increased from 0.83% to 1.79%
Mazagon Dock Shipbuilders Ltd's allocation increased from 0.36% to 1.13%
Top Stocks sold last month
Cummins India Ltd's allocation decreased from 3.37 % to 3.15 %
Godrej Properties Ltd's allocation decreased from 3.01 % to 2.9 %
HDFC Asset Management Co Ltd's allocation decreased from 2.55 % to 2.53 %
Large Cap allocation has gone down from 15.3% to 14.5%
Cash allocation has gone down from 1.9% to 1.7%
Top 3 Sectors in July were Industrial, Financial Services & Consumer Cyclical
Jul'24
Industrial
33%
Financial Services
17%
Consumer Cyclical
13%
Jun'24
Industrial
31%
Financial Services
18%
Consumer Cyclical
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Suzlon Energy Ltd | 5.28% | 6.2% | |
 Cummins India Ltd | 3.15% | 0% | |
 Godrej Properties Ltd | 2.9% | 0% | |
 JSW Energy Ltd | 2.82% | 10% | |
 Trent Ltd | 2.8% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Godfrey Phillips India Ltd | 57.5% |
 Trent Ltd | 37.3% |
 Suzlon Energy Ltd | 14.7% |
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Vihang Naik
Fund Manager of HSBC Midcap Fund Direct Growth, since 28 June 2016
Top funds managed
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Growth, since 26 November 2022
Top funds managed
Fund House
HSBC Asset Management(India)Private Ltd
Total Schemes
Total AUM
₹97.31K Cr
as on 31-Jul-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 25.5% growth in AUM moving from 9.46K Cr to 11.88K Cr.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.13% return, outperforming this fund by 10.73% per annum.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.67% which is lower than the category average expense ratio of 1.13%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.4% return, outperforming this fund by 13.37% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 61.89% return, outperforming this fund by 6.05%.
Over the last 1 month, this fund has increased expense ratio by 3.1% moving from 0.65 to 0.67.
HSBC Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 22.01% since inception which is more than its category average return of 20.5%
Fund Allocations
This fund has an allocation of 98.29% in Equity, 0% in Debt and 1.71% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 9355 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of HSBC Midcap Fund Direct Growth is ₹437.75 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
HSBC Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.03% | 8.03% |
6 Month Returns | 25.24% | 25.24% |
1 Year Returns | 55.84% | 55.84% |
3 Years Returns | 95.47% | 25.03% |
5 Years Returns | 248.98% | 28.4% |
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0.67% as on August 2024
₹11882 Cr as on August 2024
Suzlon Energy Ltd(5.28%), Cummins India Ltd(3.15%), Godrej Properties Ltd(2.9%), JSW Energy Ltd(2.82%), Trent Ltd(2.8%) as on August 2024
Industrial(32.34%), Financial Services(17.16%), Consumer Cyclical(12.36%) as on August 2024
The alpha ratio for the HSBC Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HSBC Midcap Fund Direct Growth | 15.26 | 2.48 | 0.65 |
As on August 2024
The alpha for HSBC Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HSBC Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HSBC Midcap Fund Direct Growth | 0.76 | 0.79 | 0.84 |
As on August 2024
The Beta for HSBC Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HSBC Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HSBC Midcap Fund Direct Growth | 3.76 | 1.46 | 1.17 |
As on August 2024
The sharpe ratio for HSBC Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HSBC Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HSBC Midcap Fund Direct Growth | 11.21 | 12.79 | 18.7 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.28 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Vihang Naik, Cheenu Gupta are the fund managers of HSBC Midcap Fund Direct Growth
The Exit load of HSBC Midcap Fund Direct Growth is 1%