HSBC Midcap Fund Direct Growth

HSBC Midcap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 07-11-2024

₹ 443.71

-0.5%

1D

Inception Returns

21.8%

/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 Cheenu Gupta, Vihang Naik. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HSBC Midcap Fund Direct Growth has ₹12280 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

HSBC Midcap Fund Direct Growth has given a CAGR return of 21.80% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 53.37%, 24.45% and 26.24% respectively.

Holdings

HSBC Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Tech, Health, Real Estate, Utilities, Consumer Defensive, Basic Materials, Communication. Its top holdings are Suzlon Energy Ltd, Trent Ltd, Dixon Technologies (India) Ltd, HDFC Asset Management Co Ltd, JSW Energy 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
3779 people have invested ₹ 3.1Cr in HSBC Midcap Fund Direct Growth in the last three months

INDmoney Rank for HSBC Midcap Fund Direct Growth

Powered by IND quant engine
9
/19
37% Performance
55% Risk Management
74% Cost
9 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Underperforms benchmarks during bull run

HSBC Midcap Fund Direct Growth Overview

Expense ratio0.67%
Benchmark
S&P BSE Midcap TR INR
AUM₹12280 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
32.19%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (07-Nov-24)

Period
HSBC Midcap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
2.4%
-0.3%
-1.4%
3M
6.6%
0.6%
4.6%
6M
21.3%
14.7%
15.6%
1Y
53.4%
41.4%
45.2%
3Y
24.5%
21.7%
21.7%
5Y
26.2%
27.9%
27.1%

Fund Distribution

as on (30-Sep-24)

  • Equity 99%

  • Debt & Cash 1%

Mid cap
66.4%

Large cap
21.2%

Small cap
11.4%

Sector Allocation

Sep'24

Aug'24

Jul'24

Industrial
32.9%
Financial Services
17.6%
Consumer Cyclical
14.5%
Tech
10.5%
Health
7.2%
Real Estate
7.1%
Utilities
6.2%
Consumer Defensive
2.3%
Basic Materials
1.5%
Communication
0.3%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
2.58%
1.60%
4.66%
Nifty Midcap 150
2.05%
1.01%
3.95%
  • This fund’s returns stands at 2.58% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
  • This fund outperformed Nifty Midcap 150 by 0.53% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 12K Cr
₹ 12K Cr
₹ 11.9K Cr
  • AUM of the fund stands at 12K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 0.83% to 1.95%
Persistent Systems Ltd's allocation increased from 0.83% to 1.95%
Zomato Ltd's allocation increased from 2.41% to 3.27%
Zomato Ltd's allocation increased from 2.41% to 3.27%
Dixon Technologies (India) Ltd's allocation increased from 2.61% to 3.43%
Dixon Technologies (India) Ltd's allocation increased from 2.61% to 3.43%
Top Stocks sold last month
Cummins India Ltd's allocation decreased from 3.02 % to 3.01 %
Cummins India Ltd's allocation decreased from 3.02 % to 3.01 %
Bharat Heavy Electricals Ltd's allocation decreased from 2.52 % to 2.37 %
Bharat Heavy Electricals Ltd's allocation decreased from 2.52 % to 2.37 %
Lupin Ltd's allocation decreased from 2.24 % to 2.15 %
Lupin Ltd's allocation decreased from 2.24 % to 2.15 %
Large Cap allocation has gone up from 15.7% to 21.2%
Large Cap allocation has gone up from 15.7% to 21.2%
Small Cap allocation has gone down from 14.8% to 11.4%
Small Cap allocation has gone down from 14.8% to 11.4%
Mid Cap allocation has gone down from 67.4% to 66.4%
Mid Cap allocation has gone down from 67.4% to 66.4%
Cash allocation has gone down from 1.8% to 1%
Cash allocation has gone down from 1.8% to 1%

Top 3 Sectors in September were Industrial, Financial Services & Consumer Cyclical

Sep'24
Industrial
33%
Financial Services
18%
Consumer Cyclical
15%
Aug'24
Industrial
33%
Financial Services
18%
Consumer Cyclical
15%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
81
87
92
Top 5 Company Concentration
19.9%
18.8%
16.9%
Company having highest exposure
Suzlon Energy Ltd (5.9%)
Suzlon Energy Ltd (5.7%)
Suzlon Energy Ltd (5.3%)
No of Sectors
10
11
11
Top 5 Sectors Concentration
82.6%
83.2%
79.9%
Sector having highest exposure
Industrial (32.9%)
Industrial (32.6%)
Industrial (32.9%)
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Cheenu Gupta
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Growth, since 26 November 2022
Vihang Naik
Vihang Naik
Fund Manager of HSBC Midcap Fund Direct Growth, since 28 June 2016
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.27L Cr
as on 30-Sep-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in

Mutual Fund Insights

Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 35.17% return, outperforming this fund by 10.51% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 26.1% growth in AUM moving from 9.74K Cr to 12.28K Cr.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 35.48% return, outperforming this fund by 8.99% per annum.
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In the last 1 year, Motilal Oswal Midcap Direct Growth has given 68.92% return, outperforming this fund by 13.89%.
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Over the last 3 months, this fund has increased expense ratio by 3.1% moving from 0.65 to 0.67.
Insights icon
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%.

HSBC Midcap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 21.8% since inception which is more than its category average return of 19.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.04% in Equity, 0% in Debt and 0.96% in Cash related instruments
AUM size ₹12280 Cr

AUM size ₹12280 Cr

This fund has AUM of ₹12280 Cr which is more than its category average of ₹ 9702 Cr
Expense Ratio 0.67%

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 for HSBC Midcap Fund Direct Growth

The current NAV of HSBC Midcap Fund Direct Growth is ₹443.71 as on 07-Nov-2024.
Existing (Absolute + CAGR) as on 07-Nov-2024.
HSBC Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.36%
2.36%
6 Month Returns
21.26%
21.26%
1 Year Returns
53.37%
53.37%
3 Years Returns
92.77%
24.45%
5 Years Returns
220.67%
26.24%
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  • Select your bank account and proceed with Payment.
0.67% as on October 2024
₹12280 Cr as on October 2024
Suzlon Energy Ltd(5.89%), Trent Ltd(3.92%), Dixon Technologies (India) Ltd(3.43%), HDFC Asset Management Co Ltd(3.38%), JSW Energy Ltd(3.3%) as on October 2024
Industrial(32.54%), Financial Services(17.44%), Consumer Cyclical(14.41%) as on October 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
13.84
3.84
0.64
As on October 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
0.79
0.79
0.84
As on October 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
1.29
1.04
As on October 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
12.92
13.15
18.8
As on October 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 2.7 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.18 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Cheenu Gupta, Vihang Naik are the fund managers of HSBC Midcap Fund Direct Growth
The Exit load of HSBC Midcap Fund Direct Growth is 1%