April 4, 2026
RA Jainee
HSBC Focused Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 24.99 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 20.3 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,693 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.01% |
| 1 Year Return (%) | 3.79 |
| 3 Year Return (%) | 15.56 |
| 5 Year Return (%) | 11.47 |
| 10 Year Return (%) | — |
| Return Since Launch | 15.74% |
⚖️ Sahifund Review – HSBC Focused Fund ✔
✓ PLUS: HSBC Focused Fund has delivered a fairly respectable 3-year return of 15.56%, beating both its benchmark NIFTY 500 TRI (13.62%) and category average over that period, which reflects decent stock selection ability. Its focused portfolio of 29 stocks gives it enough concentration to create alpha while still retaining reasonable diversification. The fund also carries the credibility of a strong global AMC brand like HSBC, which adds comfort for long-term investors. With mid-cap exposure of 33.71%, it has a better growth flavour than many plain vanilla large-cap-heavy peers. The expense ratio of 1.01% is not cheap, but still manageable for an actively managed focused strategy. SIP investors looking for a high-conviction diversified equity option may still find it relevant for long-term allocation.
⚖️ MINUS: The weak spot is clearly recent momentum, as the fund’s 1-year return of 3.79% is not particularly exciting in a category where some peers have done much better. Against stronger competitors like Parag Parikh Flexi Cap, HDFC Flexi Cap and HDFC Focused, HSBC still lags meaningfully on 5-year wealth creation. The fund’s return grade is only average, which suggests performance has not been consistently category-leading. Its portfolio P/E of 30.20 indicates the portfolio is not exactly cheap, which can create valuation pressure in volatile markets. Also, being a focused fund, it naturally carries higher stock concentration risk, so investors should be prepared for phases of underperformance and sharper swings.
Sahifund View (Decisive Line):
A decent focused fund with solid medium-term credentials — but not yet strong enough to be a top-category first choice unless you want a slightly growth-oriented satellite allocation.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Flexi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The Scheme seeks long term capital growth through investments in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalization.
Fund Manager:
1) Neelotpal Sahai
Education: Mr. Sahai is a B.Tech from IT BHU and PGDM from IIM
Experience: Prior to joining HSBC AMC he has worked with IDFC Investment Advisors.
2) Sonal Gupta
Education: Ms. Gupta has done PGDM (IIM Bangalore), CFA and Bachelors in Mechanical Engineering
Experience: Prior to joining HSBC Mutual Fund, she has worked with L&T Investment Management Limited and UBS Securities India Private Limited, Fidelity Investments and PWC
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of HSBC Focused Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 22-Jul-20 |
| Return Since Launch | 15.74% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,693 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.01% |
| (As on 31-Mar-2026) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 40.00% |
HSBC Focused Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Focused Dir | -10.75 | -0.18 | -8.65 | -11.79 | -7.22 | 3.79 | 15.56 | 11.47 | — | — |
| BSE 500 TRI | -12.19 | 0.08 | -8.27 | -13.01 | -8.54 | -0.79 | 13.62 | 11.89 | — | — |
| Equity: Flexi Cap | -11.08 | -0.03 | -7.75 | -11.91 | -8.42 | -0.49 | 14.35 | 12.16 | — | — |
| Rank within category | 38 | 81 | 86 | 40 | 27 | 12 | 24 | 34 | — | — |
| Number of funds in category | 108 | 112 | 111 | 108 | 103 | 90 | 68 | 54 | 42 | 34 |
Peer Comparison of HSBC Focused Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| HSBC Focused Dir | 3 star | 3.79 | 15.56 | 11.47 | 1.01 | 1,693 | 15.74 | 1.00 (365) | 5Y 8M | 40.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 1.64 | 17.66 | 16.43 | 0.62 | 1,34,253 | 18.26 | 2.00 (365) | 12Y 10M | 15.37 |
| HDFC Flexi Cap Dir | 5 star | 1.10 | 18.84 | 18.69 | 0.68 | 1,00,455 | 15.61 | 1.00 (365) | 13Y 3M | 9.45 |
| SBI Focused Dir | 4 star | 6.21 | 17.21 | 13.71 | 0.77 | 43,311 | 14.82 | 0.25 (30) | 13Y 3M | 33.00 |
| HDFC Focused Dir | 5 star | 0.18 | 18.47 | 20.06 | 0.65 | 27,136 | 14.46 | 1.00 (365) | 13Y 3M | 10.36 |
HSBC Focused Fund Portfolio
| No. of Stocks | 29 |
| Top 10 Stocks | 54.35% |
| Top 5 Stocks | 33.01% |
| Top 3 Sectors | 69.89% |
| Portfolio P/B Ratio | 4.29 |
| Portfolio P/E Ratio | 30.20 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,41,201 | 1,80,281 |
| Giant (%) | — | — |
| Large (%) | 52.41 | 62.49 |
| Mid (%) | 33.71 | 21.89 |
| Small (%) | 13.87 | 15.99 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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