April 1, 2026
RA Jainee
HSBC Large Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 482.48 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 36.1 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 100 TRI |
| AUM Rs. | 1,894 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.26% |
| 1 Year Return (%) | -1.11 |
| 3 Year Return (%) | 12.64 |
| 5 Year Return (%) | 10.87 |
| 10 Year Return (%) | 12.70 |
| Return Since Launch | 12.18% |
⚖️ Sahifund Review – HSBC Large Cap Fund ✔
PLUS: Stability, benchmark comfort, portfolio discipline
✓ HSBC Large Cap Fund has delivered steady long-term returns, with 12.64% over 3 years and 12.70% over 10 years, which reflects reasonable consistency for a large-cap category fund.
✓ It has also done slightly better than benchmark and category averages in key recent periods like 1 year and 3 years, which is a positive sign in a relatively mature category.
✓ The portfolio remains true to label with 93.45% large-cap exposure, making it suitable for investors seeking stability, lower style drift and SIP-friendly core equity exposure.
✓ With 34 stocks and moderate concentration, the fund maintains a fairly balanced large-cap portfolio without becoming excessively cluttered.
✓ HSBC Mutual Fund adds global brand credibility, and the fund remains relevant for investors wanting a core large-cap allocation in their long-term portfolio.
MINUS: Costly, not category-leading, momentum still average
⚖️ The biggest drawback is the high expense ratio of 1.26%, which looks expensive compared to stronger peers like Nippon India, ICICI Prudential and SBI Large Cap.
⚖️ While returns are decent, the fund is not a category leader, especially on 5-year performance, where several peers have delivered stronger alpha.
⚖️ Recent momentum is only average — the fund has held up better than benchmark, but it has not shown standout outperformance that justifies premium cost.
⚖️ Being a pure large-cap fund, it naturally carries a defensive / lower-alpha bias, which may limit upside during phases where mid and small caps outperform sharply.
Sahifund View (Decisive Line):
HSBC Large Cap Fund is a steady and dependable large-cap option, but investors seeking sharper alpha may still find better value in lower-cost category leaders.
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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?
Large-cap funds are suitable for investors:
1. Seeking exposure in large-cap stocks for moderately 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 to generate long-term capital growth from a diversified portfolio of equity and equity related securities of predominantly large cap companies.
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.
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) | 1,000 |
| 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 Large Cap Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.18% |
| Benchmark | NIFTY 100 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | 1,894 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.26% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 40.00% |
HSBC Large Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Large Cap Dir | -12.46 | -2.33 | -11.85 | -12.46 | -6.97 | -1.11 | 12.64 | 10.87 | 11.87 | 12.70 |
| BSE 100 TRI | -14.30 | -2.20 | -11.46 | -14.30 | -9.03 | -3.62 | 11.36 | 10.91 | 11.67 | 13.01 |
| Equity: Large Cap | -13.53 | -2.23 | -11.51 | -13.53 | -9.08 | -3.32 | 12.60 | 11.09 | 11.63 | 12.44 |
| Rank within category | 19 | 89 | 91 | 19 | 15 | 14 | 36 | 29 | 19 | 14 |
| Number of funds in category | 120 | 121 | 121 | 120 | 116 | 105 | 84 | 60 | 52 | 42 |
Peer Comparison of HSBC Large Cap 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 Large Cap Dir | 3 star | -1.11 | 12.64 | 10.87 | 1.26 | 1,894 | 12.18 | 1.00 (365) | 13Y 2M | 40.00 |
| ICICI Pru Large Cap Dir | 5 star | -2.41 | 14.58 | 13.91 | 0.85 | 77,452 | 14.34 | 1.00 (365) | 13Y 2M | 18.00 |
| SBI Large Cap Dir | 4 star | -2.50 | 11.48 | 10.88 | 0.79 | 55,246 | 13.80 | 0.25 (30) | 13Y 2M | 34.00 |
| Nippon India Large Cap Dir | 5 star | -1.52 | 15.70 | 15.98 | 0.65 | 51,404 | 14.80 | 1.00 (7) | 13Y 2M | 24.00 |
| HDFC Large Cap Dir | 5 star | -4.84 | 12.09 | 12.83 | 1.01 | 40,085 | 12.63 | 1.00 (365) | 13Y 2M | 29.18 |
HSBC Large Cap Fund Portfolio
| No. of Stocks | 34 |
| Top 10 Stocks | 53.98% |
| Top 5 Stocks | 34.44% |
| Top 3 Sectors | 63.86% |
| Portfolio P/B Ratio | 3.64 |
| Portfolio P/E Ratio | 25.43 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,30,200 | 4,16,798 |
| Giant (%) | — | — |
| Large (%) | 93.45 | 94.31 |
| Mid (%) | 5.37 | 9.70 |
| Small (%) | 1.18 | 4.18 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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