HSBC Midcap Fund Direct Plan Growth

HSBC Midcap Fund Direct Plan Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 365.2 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
3262 people have invested ₹ 2.2Cr in HSBC Midcap Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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Over the last 6 months, this fund has experienced a 22.2% growth in AUM moving from 7.95K Cr to 9.72K Cr.
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In the last 3 years, Motilal Oswal Midcap Direct Growth has given 39.22% return, outperforming this fund by 14% 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 0.68% which is lower than the category average expense ratio of 1.17%.
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Over the last 1 year, this fund has decreased expense ratio by 5.6% moving from 0.72 to 0.68.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 32.96% return, outperforming this fund by 12.21% per annum.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 70.86% return, outperforming this fund by 10.2%.

INDmoney Rank of HSBC Midcap Fund Direct Plan Growth

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14
/19
34% Performance
50% Risk Management
75% Cost
14 out of 19 among mid-cap

Pros

Beats FD returns for both 3Y & 5Y

Cons

Has not generated consistent returns
Underperforms benchmarks during bull run

About the HSBC Midcap Fund Direct Plan Growth

HSBC Midcap Fund Direct Plan 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 Plan Growth has ₹9725 Cr worth of assets under management (AUM) as on Feb 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

HSBC Midcap Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.68%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹9725 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
18.78%

HSBC Midcap Fund Direct Plan Growth Distribution as on (29-Feb-24)

  • Equity 97.1%

  • Debt & Cash 2.9%

Size breakup

Mid cap
62.5%
Small cap
17.6%
Large cap
17%
Sector Allocation

Feb'24

Jan'24

Dec'23

Financial Services
22.7%
Industrial
15.3%
Health
15.1%
Consumer Cyclical
13.6%
Basic Materials
13.4%
Real Estate
5.4%
Tech
5%
Consumer Defensive
2.9%
Energy
2.5%
Utilities
2.4%
Communication
1.7%

Top Holdings of HSBC Midcap Fund Direct Plan Growth as on (31-Mar-24)

  • Equity

Equity Holdings85

HSBC Midcap Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Dec'23 and Feb'24
Fund Performance
Feb'24
Jan'24
Dec'23
Fund Returns
3.36%
3.55%
5.21%
Nifty Midcap 150
0.27%
4.14%
6.04%
  • This fund’s returns stands at 3.36% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 0.27% as on Feb'24
  • This fund outperformed Nifty Midcap 150 by 3.09% in Feb'24
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 9.5K Cr
₹ 9.5K Cr
₹ 8.8K Cr
  • AUM of the fund stands at 9.5K Cr as of Feb'24
  • AUM has remained same between Feb'24 and Jan'24
Fund Portfolio Changes

Gainers & Losers in HSBC Midcap Fund Direct Plan Growth portfolio Returns for the month of Feb

HSBC Midcap Fund Direct Plan Growth Fund Manager

Vihang Naik
Vihang Naik
Fund Manager of HSBC Midcap Fund Direct Plan Growth, since 28 June 2016
Cheenu Gupta
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Plan Growth, since 26 November 2022

HSBC Midcap Fund Direct Plan Growth Highlights

Risk meter
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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 20.92% since inception which is more than its category average return of 19.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.13% in Equity, 0% in Debt and 2.87% in Cash related instruments
AUM size ₹9725 Cr

AUM size ₹9725 Cr

This fund has AUM of ₹9725 Cr which is more than its category average of ₹ 7331 Cr
Expense Ratio 0.68%

Expense Ratio 0.68%

This fund has an expense ratio of 0.68% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of HSBC Midcap Fund Direct Plan Growth is ₹365.2 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
HSBC Midcap Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.85%
5.85%
6 Month Returns
27.87%
27.87%
1 Year Returns
60.66%
60.66%
3 Years Returns
96.36%
25.22%
5 Years Returns
156.77%
20.76%
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0.68% as on March 2024
₹9725 Cr as on March 2024
Sundaram Finance Ltd(3.06%), Cummins India Ltd(2.75%), Bosch Ltd(2.71%), Power Finance Corp Ltd(2.59%), Ratnamani Metals & Tubes Ltd(2.51%) as on March 2024
Financial Services(21.19%), Industrial(17.28%), Health(14.49%) as on March 2024
The alpha ratio for the HSBC Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HSBC Midcap Fund Direct Plan Growth
11.62
1.21
-0.71
As on March 2024
The alpha for HSBC Midcap Fund Direct Plan 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 Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HSBC Midcap Fund Direct Plan Growth
0.69
0.76
0.84
As on March 2024
The Beta for HSBC Midcap Fund Direct Plan 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 Plan 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 Plan Growth
3.85
1.35
0.78
As on March 2024
The sharpe ratio for HSBC Midcap Fund Direct Plan 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 Plan 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 Plan Growth
10.26
12.04
19.07
As on March 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 2.86 as on March 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 Plan Growth
The Exit load of HSBC Midcap Fund Direct Plan Growth is 1%