HSBC Midcap Fund Direct Growth

Equity
Direct
Mid-Cap
HSBC Midcap Fund Direct Growth

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

  1. HSBC Midcap Fund Direct Growth has ₹11418 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

HSBC Midcap Fund Direct Growth has given a CAGR return of 21.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 60.67%, 24.97% and 26.45% respectively.

Holdings

HSBC Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Real Estate, Tech, Health, Utilities, Basic Materials, Consumer Defensive, Communication, Energy. Its top holdings are Suzlon Energy Ltd, Cummins India Ltd, Godrej Properties Ltd, Bharat Heavy Electricals 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 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.

Fund Performance
zero opening, trading, fund transfer fee
3511 people have invested ₹ 2.7Cr in HSBC Midcap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
8
/19
47% Performance
48% Risk Management
77% Cost
8 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Fund Overview

Expense ratio0.64%
Benchmark
S&P BSE Midcap TR INR
AUM₹11418 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
18.78%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Mid cap
66.1%
Small cap
16.8%
Large cap
15.3%
Sector Allocation

Jun'24

May'24

Apr'24

Industrial
30.9%
Financial Services
18.3%
Consumer Cyclical
12.4%
Real Estate
8.6%
Tech
8.2%
Health
7.2%
Utilities
5.3%
Basic Materials
4.2%
Consumer Defensive
4.1%
Communication
0.7%
Energy
0%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Suzlon Energy Ltd
Suzlon Energy Ltd
3.94%
0%
Cummins India Ltd
Cummins India Ltd
3.37%
0%
Godrej Properties Ltd
Godrej Properties Ltd
3.01%
0%
Bharat Heavy Electricals Ltd
Bharat Heavy Electricals Ltd
2.74%
0%
Trent Ltd
Trent Ltd
2.74%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
HSBC Midcap Fund Direct Growth
HSBC Midcap Fund Direct Growth
60.7%
25%
26.5%
21.8%
ITI Mid Cap Fund Direct Growth
ITI Mid Cap Fund Direct Growth
71.6%
26.7%
-
28.9%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
69.9%
40.1%
35.5%
26.1%
Quant Mid Cap Fund Growth Option Direct Plan
Quant Mid Cap Fund Growth Option Direct Plan
65.9%
33.8%
39.4%
20.9%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Max Healthcare Institute Ltd
Max Healthcare Institute Ltd
4.2%

Vihang Naik
Vihang Naik
Fund Manager of HSBC Midcap Fund Direct Growth, since 28 June 2016
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HSBC Small Cap Fund Fund Direct Growth
30.58%
25.57%
HSBC Value Fund Direct Plan Growth Option
28.25%
22.86%
HSBC Midcap Fund Direct Plan Growth
24.97%
24.91%
Cheenu Gupta
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Growth, since 26 November 2022
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
HSBC Aggressive Hybrid Fund Direct Plan Growth Option
16.61%
16.44%
HSBC Midcap Fund Direct Plan Growth
24.97%
24.91%
HSBC ELSS Tax saver Fund Direct Plan Growth Option
21.01%
19.51%

Mutual Fund Insights

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In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.94% return, outperforming this fund by 9.27%.
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Over the last 3 months, this fund has experienced a 17.2% growth in AUM moving from 9.74K Cr to 11.41K Cr.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.41% return, outperforming this fund by 12.95% per annum.
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This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.64% which is lower than the category average expense ratio of 1.14%.
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Over the last 1 year, this fund has decreased expense ratio by 9.9% moving from 0.71 to 0.64.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.05% return, outperforming this fund by 15.08% per annum.

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 21.79% since inception which is more than its category average return of 20.43%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.14% in Equity, 0% in Debt and 1.86% in Cash related instruments
AUM size ₹11418 Cr

AUM size ₹11418 Cr

This fund has AUM of ₹11418 Cr which is more than its category average of ₹ 8824 Cr
Expense Ratio 0.64%

Expense Ratio 0.64%

This fund has an expense ratio of 0.64% 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 ₹418.53 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
HSBC Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
27.93%
27.93%
1 Year Returns
60.67%
60.67%
3 Years Returns
95.17%
24.97%
5 Years Returns
223.32%
26.45%
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0.64% as on June 2024
₹11418 Cr as on June 2024
Suzlon Energy Ltd(3.94%), Cummins India Ltd(3.37%), Godrej Properties Ltd(3.01%), Bharat Heavy Electricals Ltd(2.74%), Trent Ltd(2.74%) as on June 2024
Industrial(30.37%), Financial Services(17.92%), Consumer Cyclical(12.2%) as on June 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
13.94
2.37
0.03
As on June 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
0.77
0.8
0.84
As on June 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
3.9
1.48
0.98
As on June 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
11.4
12.77
19.26
As on June 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 3.31 as on June 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%