HSBC Equity Savings Fund
The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
Growthvine rating: 4/5 — ranked #3 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
|---|
| NAV | ₹36.22 (as of 2026-10-01) |
|---|
| AUM | ₹1,326 Cr |
|---|
| Expense ratio | 1.35% |
|---|
| Riskometer | Moderately High |
|---|
| Fund manager | Cheenu Gupta |
|---|
| Exit load | For units in excess of 10% of the investment, 0.5% will be charged for redemption within 30 days |
|---|
Performance & risk
| Sharpe ratio | 0.84 |
|---|
| Standard deviation | 8.04% |
|---|
| Max drawdown | −11.66% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 137.6% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 43.8% of its downside.
Market cap allocation
| Large cap | 64.9% |
|---|
| Mid cap | 26.4% |
|---|
| Small cap | 8.8% |
|---|
Concentration
| Top 5 holdings | 19.2% |
|---|
| Top 10 holdings | 30.1% |
|---|
| Total holdings | 94 |
|---|
Top holdings
- Net Receivable / Payable — 37.2%
- HDFC Bank Ltd. — 5.1%
- ICICI Bank Ltd. — 4.2%
- Treps — 3.7%
- State Bank Of India — 3.6%
- AXIS Bank Ltd. — 3.3%
- 7.06% GOI - 10-Apr-2028 — 3.1%
- Federal Bank Ltd. — 3.0%
- PB Fintech Limited — 3.0%
- 6.36% GOI 16-Feb-2031 — 2.7%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 5.5% | Q1 (Top) | #2 of 25 |
| 2025 | 0.9% | Q4 (Bottom) | #21 of 22 |
| 2024 | 24.0% | Q1 (Top) | #1 of 22 |
| 2023 | 17.0% | Q1 (Top) | #2 of 21 |