HSBC Midcap Fund Direct Plan Growth
Equity
Direct
Mid-Cap
NAV: ₹ 376.29 as on 03-05-2024
About the Fund
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
- HSBC Midcap Fund Direct Plan Growth has ₹9741 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Fund Performance
3346 people have invested ₹ 2.5Cr in HSBC Midcap Fund Direct Plan Growth in the last three months
Overview
 | 0.68% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹9741 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 18.78% |
HSBC Midcap Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
62.5%
Small cap
17.6%
Large cap
17%
Sector Allocation
Financial Services
21.8%
Industrial
17.8%
Health
14.9%
Consumer Cyclical
14%
Basic Materials
10%
Real Estate
5.9%
Tech
5.3%
Energy
3.3%
Consumer Defensive
3.2%
Utilities
3.1%
Communication
0.8%
Top Holdings of HSBC Midcap Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings85
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Exide Industries Ltd | 46.8% |
Voltas Ltd | 22.5% |
 Sundaram Finance Ltd | 13.7% |
Top Losers | 1M Return |
|---|---|
 Birlasoft Ltd | -18.6% |
 Persistent Systems Ltd | -16.4% |
 CRISIL Ltd | -9.9% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.71% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.88% in Mar'24
AUM Change
- AUM of the fund stands at 9.7K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 5.6% moving from 0.72 to 0.68.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 35.4% return, outperforming this fund by 13.18% per annum.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 73.52% return, outperforming this fund by 10.48%.
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%.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.33% return, outperforming this fund by 13.05% per annum.
INDmoney Rank
Powered by IND quant engine
12
/19
44% Performance
47% Risk Management
74% Cost
12 out of 19 among mid-cap
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Vihang Naik
Fund Manager of HSBC Midcap Fund Direct Plan Growth, since 28 June 2016
Top funds managed
Cheenu Gupta
Fund Manager of HSBC Midcap Fund Direct Plan Growth, since 26 November 2022
Top funds managed
HSBC Midcap Fund Direct Plan 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 21.12% since inception which is more than its category average return of 19.32%
Fund Allocations
This fund has an allocation of 97.13% in Equity, 0% in Debt and 2.87% in Cash related instruments
AUM size ₹9741 Cr
This fund has AUM of ₹9741 Cr which is more than its category average of ₹ 7349 Cr
Expense Ratio 0.68%
This fund has an expense ratio of 0.68% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of HSBC Midcap Fund Direct Plan Growth is ₹376.29 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
HSBC Midcap Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.59% | 4.59% |
6 Month Returns | 31.65% | 31.65% |
1 Year Returns | 63.03% | 63.03% |
3 Years Returns | 96.62% | 25.28% |
5 Years Returns | 172.71% | 22.22% |
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.68% as on April 2024
₹9741 Cr as on April 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 April 2024
Financial Services(21.19%), Industrial(17.28%), Health(14.49%) as on April 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 | 13.32 | 1.67 | -0.48 |
As on April 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 | 0.72 | 0.77 | 0.84 |
As on April 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 | 4.1 | 1.46 | 0.88 |
As on April 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 | 10.55 | 12.36 | 19.09 |
As on April 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 3.18 as on April 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%