HSBC Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 03-03-2025
₹ 352.78
1D
Inception Returns
18.9%
/yr
About HSBC Midcap Fund Direct Growth
HSBC Midcap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Venugopal Manghat, Cheenu Gupta, Sonal Gupta. The fund could potentially beat inflation in the long-run.
Key Parameters
- HSBC Midcap Fund Direct Growth has ₹10753 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
HSBC Midcap Fund Direct Growth has given a CAGR return of 18.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 1.06%, 18.40% and 19.70% respectively.
Holdings
HSBC Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Consumer Cyclical, Health, Utilities, Real Estate, Consumer Defensive, Basic Materials, Communication. Its top holdings are CG Power & Industrial Solutions Ltd, Persistent Systems Ltd, PB Fintech Ltd, BSE Ltd, Dixon Technologies (India) 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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4400 people have invested ₹ 4Cr in HSBC Midcap Fund Direct Growth in the last three months
INDmoney Rank for HSBC Midcap Fund Direct Growth
Powered by IND quant engine
13
/19
43% Performance
37% Risk Management
71% Cost
13 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Poor track record of Recovering losses quickly
5Y returns in the bottom 25% of the category
HSBC Midcap Fund Direct Growth Overview
| Expense ratio | 0.69% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹10753 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 32.19% |
| STCG | Selling mutual fund 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 (03-Mar-25)
Fund Distribution
as on (31-Jan-25)
Mid cap
66.7%
Large cap
20%
Small cap
12.5%
Sector Allocation
Industrial
26%
Financial Services
20.2%
Tech
18.3%
Consumer Cyclical
13%
Health
8.6%
Utilities
4.7%
Real Estate
4.7%
Consumer Defensive
2.4%
Basic Materials
2%
Communication
0.1%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 12.4K Cr as of Jan'25
- AUM increased by 503.9 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 2.55% to 4.64%
BSE Ltd's allocation increased from 3.21% to 4.58%
Mphasis Ltd's allocation increased from 0.04% to 1.26%
Top Stocks sold last month
PB Fintech Ltd's allocation decreased from 4.62 % to 4.59 %
Dixon Technologies (India) Ltd's allocation decreased from 4.4 % to 4.25 %
Trent Ltd's allocation decreased from 3.64 % to 3.4 %
Large Cap allocation has gone up from 15.3% to 20%
Small Cap allocation has gone down from 13.7% to 12.5%
Mid Cap allocation has gone down from 68% to 66.7%
Cash allocation has gone down from 1.7% to 0.9%
Top 3 Sectors in January were Industrial, Financial Services & Consumer Cyclical
Jan'25
Industrial
26%
Financial Services
20%
Tech
18%
Dec'24
Industrial
30%
Financial Services
19%
Consumer Cyclical
14%
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Venugopal Manghat
Fund Manager of HSBC Midcap Fund Direct Growth, since 1 October 2023
Top funds managed
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Growth, since 26 November 2022
Top funds managed
Sonal Gupta
Fund Manager of HSBC Midcap Fund Direct Growth, since 1 October 2023
Top funds managed
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.34L Cr
as on 31-Jan-2025
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 1 month, this fund has experienced a 13.4% drop in AUM moving from 12.41K Cr to 10.75K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.15%.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 16.85% return, outperforming this fund by 15.8%.
Over the last 6 months, this fund has increased expense ratio by 7.8% moving from 0.64 to 0.69.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 28.46% return, outperforming this fund by 10.06% per annum.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 30.34% return, outperforming this fund by 10.64% per annum.
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 18.88% since inception which is more than its category average return of 18.08%
Fund Allocations
This fund has an allocation of 99.14% in Equity, 0% in Debt and 0.86% in Cash related instruments
AUM size ₹10753 Cr
This fund has AUM of ₹10753 Cr which is less than its category average of ₹ 11898 Cr
Expense Ratio 0.69%
This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.2%
Frequently Asked Questions for HSBC Midcap Fund Direct Growth
The current NAV of HSBC Midcap Fund Direct Growth is ₹352.78 as on 03-Mar-2025.
Existing (Absolute + CAGR) as on 03-Mar-2025.
HSBC Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -11.35% | -11.35% |
6 Month Returns | -20.49% | -20.49% |
1 Year Returns | 1.06% | 1.06% |
3 Years Returns | 65.97% | 18.4% |
5 Years Returns | 145.73% | 19.7% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.69% as on February 2025
₹10753 Cr as on February 2025
CG Power & Industrial Solutions Ltd(5.03%), Persistent Systems Ltd(4.64%), PB Fintech Ltd(4.59%), BSE Ltd(4.58%), Dixon Technologies (India) Ltd(4.25%) as on February 2025
Industrial(25.79%), Financial Services(20.07%), Tech(18.12%) as on February 2025
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 | 2.68 | 0.2 | -1.7 |
As on February 2025
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 | 1.15 | 0.92 | 0.88 |
As on February 2025
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 | -0.13 | 0.71 | 0.73 |
As on February 2025
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 | 23.4 | 17.05 | 20.75 |
As on February 2025
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 1.02 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Venugopal Manghat, Cheenu Gupta, Sonal Gupta are the fund managers of HSBC Midcap Fund Direct Growth
The Exit load of HSBC Midcap Fund Direct Growth is 1%