HSBC Midcap Fund
The scheme seeks to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies.
Growthvine rating: 4/5 — ranked #8 of 34 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹448.26 (as of 2026-10-01) |
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| AUM | ₹15,578 Cr |
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| Expense ratio | 1.43% |
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| Riskometer | Very High |
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| Fund manager | Cheenu Gupta |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| Sharpe ratio | 0.94 |
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| Standard deviation | 20.02% |
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| Max drawdown | −26.12% |
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| Alpha | 6.63 |
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| Beta | 1.04 |
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Over 5 years, captured 106.6% of NIFTY Midcap 150's upside and 88.6% of its downside.
Market cap allocation
| Large cap | 5.1% |
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| Mid cap | 68.8% |
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| Small cap | 26.1% |
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Concentration
| Top 5 holdings | 20.6% |
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| Top 10 holdings | 37.1% |
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| Total holdings | 67 |
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| Index overlap | 26.5% |
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| Active share | 73.5% |
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Top holdings
- Lenskart Solutions Limited — 4.8%
- Meesho Limited — 4.0%
- Federal Bank Ltd. — 4.0%
- Piramal Finance Limited — 3.9%
- PB Fintech Limited — 3.9%
- FSN E-Commerce Ventures Limited — 3.6%
- Ather Energy Limited — 3.6%
- Apar Industries Ltd — 3.4%
- GE Vernova T&D India Limited — 3.2%
- Bharat Forge Ltd — 2.8%
Top sectors
- Electricals — 15.9%
- Banking & Financial — 15.7%
- Retail — 14.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 11.4% | Q1 (Top) | #1 of 31 |
| 2025 | −1.3% | Q4 (Bottom) | #25 of 29 |
| 2024 | 39.7% | Q1 (Top) | #3 of 29 |
| 2023 | 40.0% | Q2 | #10 of 28 |