HSBC Midcap Fund - Regular Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 100% of historical 3-year rolling periods.
- Generated +5.1% annualized alpha (excess return) over its benchmark.
- Consistently ranked #3 in its category with an MFIQ quantitative score of 6.5/10.
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +2.35% | +4.07% | -1.72% |
| 3 Months | -1.82% | -1.98% | +0.16% |
| 6 Months | +6.46% | +3.41% | +3.05% |
| 1 Year | +14.87% | +3.63% | +11.24% |
| 3 Years CAGR | +20.54% | +15.02% | +5.52% |
| Since Inception | +21.90% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in HSBC Midcap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +14.67% | +5.43% | +9.24% |
| 2025 | -1.35% | +1.71% | -3.06% |
| 2024 | +39.73% | +29.27% | +10.46% |
| 2023 | +40.01% | +37.88% | +2.13% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -6.97% | +25.97% | +19.35% | +66.29% | 91.8% | 67.1% |
| 3-Year Rolling | +19.20% | +24.19% | +24.54% | +27.80% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-17 | 2025-02-28 | -26.1% | 2 months | 14 months |
| 2026-08-31 | 2026-10-23 | -13.2% | 2 months | Not yet recovered |
| 2024-10-15 | 2024-11-13 | -10.6% | 1 months | 1 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related securities midcap companies 65% -100% Equity and Equity related securities of other than mid 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% | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the Scheme 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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 17,769 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Mid Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| WhiteOak Capital Mid Cap Fund | 7.5 | +19.21% | 2.23% | 85.8% | Rs 8,355 cr | Compare → |
| Edelweiss Mid Cap Fund | 6.8 | +18.04% | 1.87% | 90.3% | Rs 20,119 cr | Compare → |
| Invesco India Mid Cap Fund | 6.3 | +22.17% | 1.85% | 99.8% | Rs 17,454 cr | Compare → |
| Motilal Oswal Midcap Fund | 6.7 | +17.20% | 1.60% | 96.4% | Rs 43,152 cr | Compare → |
| Axis Midcap Fund | 6.2 | +15.76% | 1.77% | 76.1% | Rs 34,908 cr | Compare → |
Frequently Asked Questions about HSBC Midcap Fund
What is the expense ratio of HSBC Midcap Fund?
HSBC Midcap Fund has a total expense ratio (TER) of 2.15% with a base expense ratio of 1.43%, compared to the Mid Cap category median of 2.11%.
Who manages HSBC Midcap Fund?
HSBC Midcap Fund is managed by Cheenu Gupta (tenure: 2.7 years since 2024-03-01).
What are the historical returns of HSBC Midcap Fund?
HSBC Midcap Fund delivered a 3-year CAGR of 20.54%. Its 1-year return stands at +14.87%.
How large is HSBC Midcap Fund?
HSBC Midcap Fund manages assets of Rs 17,769 cr, placing it in the 'comfortable' size band relative to Mid Cap peers.
How is HSBC Midcap Fund scored on MFIQ?
HSBC Midcap Fund holds an MFIQ Score of 6.5/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is HSBC Midcap Fund?
HSBC Midcap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.97% with a maximum historical drawdown of -26.12%.