January 23, 2026
RA Jainee
HSBC Multi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 18.90 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 18.90 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 5,315 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.61% |
| 1 Year Return (%) | 3.03 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 23.88% |
⚖️ Sahifund Review – HSBC Multi Cap Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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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?
Multi-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 to generate long-term capital growth from an actively managed portfolio of equity and equity related securities across market capitalization.
Fund Manager:
1) Venugopal Manghat
Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund, Tata Asset Management Ltd.
3) Mahesh A Chhabria
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| 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 1 year |
Basic Details of HSBC Multi Cap Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 30-Jan-23 |
| Return Since Launch | 23.88% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (RS) | 5,315 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.61% |
| (As on 31-Dec-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 39.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Multi Cap Dir | -4.20 | -2.08 | -3.67 | -4.58 | -2.10 | 3.03 | — | — | — | — |
| VR Multicap TRI | -4.68 | -2.12 | -3.91 | -4.64 | -4.29 | 2.52 | — | — | — | — |
| Equity: Multi Cap | -4.28 | -1.99 | -3.81 | -4.79 | -3.54 | 2.79 | — | — | — | — |
| Rank within category | 16 | 24 | 17 | 20 | 12 | 21 | — | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 36 | 34 | 16 | 8 | 0 | 0 |
Peer Comparison of HSBC Multi 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 Multi Cap Dir | Unrated | 3.03 | — | — | 0.61 | 5,315 | 23.88 | 1.00 (365) | 2Y 11M | 39.00 |
| Nippon India Multi Cap Dir | 5 star | 3.46 | 20.68 | 23.37 | 0.71 | 50,352 | 16.03 | 1.00 (365) | 13Y | 29.00 |
| Kotak Multicap Dir | 4 star | 7.04 | 23.75 | — | 0.45 | 23,057 | 18.22 | 1.00 (365) | 4Y 3M | 37.19 |
| HDFC Multi Cap Dir | 4 star | 2.67 | 19.76 | — | 0.77 | 19,885 | 17.28 | 1.00 (365) | 4Y 1M | 28.41 |
| ICICI Pru Multicap Dir | 4 star | 3.56 | 19.27 | 18.59 | 0.93 | 16,263 | 16.01 | 1.00 (365) | 13Y | 95.00 |
Portfolio Analysis of HSBC Multi Cap Fund
| No. of Stocks | 98 |
| Top 10 Stocks | 26.00% |
| Top 5 Stocks | 15.67% |
| Top 3 Sectors | 59.86% |
| Portfolio P/B Ratio | 4.25 |
| Portfolio P/E Ratio | 29.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,04,531 | 96,064 |
| Giant (%) | — | — |
| Large (%) | 47.02 | 43.29 |
| Mid (%) | 25.93 | 26.96 |
| Small (%) | 27.05 | 29.75 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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