HSBC Midcap Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

HSBC Mutual Fund · Equity fund · Direct plan · Growth

Mid CapDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹520.6707 ▼ 0.79%

HSBC Mutual Fund

Fund size₹16,299 crJuly - September 2026

1-month range₹482.58 – 524.81

1 year+15.85%rank 1 of 24

Expense ratio1.09%direct plan, a year

5 years–a year

What the fund does

The investment objective of the Scheme to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

BenchmarkNIFTY Midcap 150 TRI

Launched9 Aug 2004

Fund houseHSBC Mutual Fund

Fund managersCheenu GuptaMayank ChaturvediDipan S. Parikh

NAV history

Returns

1 week

+3.66%avg 4.9%

1 month

-0.24%avg 0.9%

3 months

-2.59%avg -3.9%

6 months

+3.95%avg 0.8%

This year

+13.91%avg 4.0%

1 year

+15.85%avg 4.5% · #1/24

3 years (a year)

+22.13%avg 16.2% · #2/23

Bars: this plan; the thin mark is the Mid Cap average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												+3.7
2025	-13.0	-11.4	+8.7	+1.8	+8.6	+5.2	-2.0	-0.7	+1.4	+3.7	+1.4	-0.8
2026	-2.0	+2.1	-9.3	+16.9	+5.0	+3.5	-1.3	+6.9	-6.8	-2.9	+3.7

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 31 Oct 2026

Stocks held7476 lines in all

Top 10 stocks40.8%of the fund

Short positions-0.3%sold through derivatives

Net equity97.5%long stocks and derivatives minus shorts

Where the money is

Equity 97.8%Cash & others 2.2%Short -0.3%

Sectors (stocks held)

Electrical Equipment

14.4%

Retailing

14.0%

Banks

12.4%

Finance

7.1%

IT - Software

6.7%

Pharmaceuticals & Biotechnology

6.7%

Capital Markets

5.7%

Industrial Manufacturing

5.0%

Changes since 30 Sept 2026

Share of fund	31 Oct 2026	30 Sept 2026	Change
Stocks held	97.8%	99.2%	-1.35
Short positions	-0.3%	-0.3%	-0.06
Cash & others	2.2%	0.8%	+1.35
Top 10 stocks	40.8%	36.8%	+3.96
Number of stocks	74	72	+2

New stocks 2

The Indian Hotels Company Limited2.00%
Nuvama Wealth Management Limited0.71%

Bought more 12

PERSISTENT SYSTEMS LTD+2.65
Coforge Limited+1.77
Zydus Lifesciences Limited+1.02
The Federal Bank Limited+0.80
Ather Energy Limited+0.71
Aditya Birla Capital Limited+0.55
GE Vernova T&D India Limited+0.48
Radico Khaitan Limited+0.42
Navin Fluorine International Limited+0.37
IndusInd Bank Limited+0.36
FSN E-Commerce Ventures Limited+0.32
ACME Solar Holdings Ltd.+0.29

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Cut back 12

Bharat Forge Limited-2.61
Mankind Pharma Limited-2.21
Netweb Technologies India Limited-1.88
Ashok Leyland Limited-1.46
Prestige Estates Projects Limited-1.03
JSW Energy Limited-0.94
Data Patterns (India) Limited-0.75
TRIVENI TURBINE LTD.-0.65
Mahindra & Mahindra Financial Serv Ltd.-0.40
Piramal Finance Ltd-0.39
APAR INDUSTRIES LTD-0.31
Thyrocare Technologies Limited-0.26

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Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 74

Holding	Sector / type	% of fund
Meesho Limited INE0VDM01015	Retailing	5.19%
Lenskart Solutions Limited INE956O01016	Retailing	5.04%
The Federal Bank Limited INE171A01029	Banks	4.70%
Coforge Limited INE591G01025	IT - Software	4.05%
Zydus Lifesciences Limited INE010B01027	Pharmaceuticals & Biotechnology	3.84%
Ather Energy Limited INE0LEZ01016	Automobiles	3.74%
FSN E-Commerce Ventures Limited INE388Y01029	Retailing	3.70%
Aditya Infotech Limited INE819V01029	Industrial Manufacturing	3.61%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	3.57%
Radico Khaitan Limited INE944F01028	Beverages	3.31%
Piramal Finance Ltd INE202B01038	Finance	3.17%
Dhoot Transmission Limited INE01NH01023	Auto Components	3.12%
APAR INDUSTRIES LTD INE372A01015	Electrical Equipment	2.85%
PERSISTENT SYSTEMS LTD INE262H01021	IT - Software	2.66%
AU Small Finance Bank Limited INE949L01017	Banks	2.57%
Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	2.38%
Hitachi Energy India Limited INE07Y701011	Electrical Equipment	2.27%
Aditya Birla Capital Limited INE674K01013	Finance	2.21%
The Indian Hotels Company Limited INE053A01029	Leisure Services	2.00%
IndusInd Bank Limited INE095A01012	Banks	2.00%
Nippon Life India Asset Management Ltd INE298J01013	Capital Markets	1.94%
IPCA Laboratories Limited INE571A01038	Pharmaceuticals & Biotechnology	1.75%
Shadowfax Technologies Limited INE12UN01015	Transport Services	1.72%
Mahindra & Mahindra Financial Serv Ltd. INE774D01024	Finance	1.63%
ACME Solar Holdings Ltd. INE622W01025	Power	1.62%
City Union Bank Limited INE491A01021	Banks	1.57%
Multi Commodity Exchange of India Ltd. INE745G01043	Capital Markets	1.57%
Indian Bank INE562A01011	Banks	1.55%
Thyrocare Technologies Limited INE594H01019	Healthcare Services	1.54%
Thermax Limited INE152A01029	Electrical Equipment	1.53%
KFIN Technologies Limited INE138Y01010	Capital Markets	1.50%
AVALON TECHNOLOGIES LIMITED INE0LCL01028	Electrical Equipment	1.45%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	1.43%
PB Fintech Limited INE417T01026	Financial Technology (Fintech)	1.37%
Cochin Shipyard Limited INE704P01025	Industrial Manufacturing	1.36%
Godfrey Phillips India Limited INE260B01028	Cigarettes & Tobacco Products	1.12%
Lupin Limited INE326A01037	Pharmaceuticals & Biotechnology	1.10%
TD Power Systems Limited INE419M01035	Electrical Equipment	1.08%
Poly Medicure Ltd INE205C01021	Healthcare Equipment & Supplies	1.07%
Data Patterns (India) Limited INE0IX101010	Aerospace & Defense	0.96%
CG Power And Industrial Solutions Ltd INE067A01029	Electrical Equipment	0.88%
Nuvama Wealth Management Limited INE531F01023	Capital Markets	0.71%
Atlanta Electricals Limited INE0Z4F01028	Electrical Equipment	0.69%
Kirloskar Oil Engines Ltd INE146L01010	Industrial Products	0.12%
SAFARI INDUSTRIES (INDIA) LIMITED INE429E01023	Consumer Durables	0.10%
Syngene International Limited INE398R01022	Healthcare Services	0.07%
Prestige Estates Projects Limited INE811K01011	Realty	0.06%
TRIVENI TURBINE LTD. INE152M01016	Electrical Equipment	0.05%
CRISIL Limited INE007A01025	Finance	0.04%
IDFC First Bank Limited INE092T01019	Banks	0.03%
Max Financial Services Limited INE180A01020	Insurance	0.02%
Muthoot Finance Limited INE414G01012	Finance	0.02%
Ashok Leyland Limited INE208A01029	Agricultural, Commercial & Construction Vehicles	0.02%
JK Cement Limited INE823G01014	Cement & Cement Products	0.02%
Dixon Technologies (India) Limited INE935N01020	Consumer Durables	0.02%
KEI Industries Limited INE878B01027	Industrial Products	0.02%
Mazagon Dock Shipbuilders Limited INE249Z01020	Industrial Manufacturing	0.02%
Bharti Hexacom Limited INE343G01021	Telecom - Services	0.01%
SWIGGY LIMITED INE00H001014	Retailing	0.01%
JSW Energy Limited INE121E01018	Power	0.01%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	0.01%
TVS Motor Company Limited INE494B01023	Automobiles	0.01%
Kaynes Technology India Ltd. INE918Z01012	Industrial Manufacturing	0.01%
Netweb Technologies India Limited INE0NT901020	IT - Services	0.01%
Max Healthcare Institute Limited INE027H01010	Healthcare Services	0.01%
Eternal Limited INE758T01015	Retailing	0.01%
Mankind Pharma Limited INE634S01028	Pharmaceuticals & Biotechnology	0.01%
Bharat Forge Limited INE465A01025	Auto Components	0.00%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	0.00%
Schaeffler India Ltd INE513A01022	Auto Components	0.00%
Billionbrains Garage Ventures Ltd. INE0HOQ01053	Capital Markets	0.00%
Abbott India Limited INE358A01014	Pharmaceuticals & Biotechnology	0.00%
GABRIEL INDIA LIMITED INE524A01029	Auto Components	0.00%
NTPC Green Energy Limited INE0ONG01011	Power	0.00%

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Short positions 1

Holding	Sector / type	% of fund
Net Current Assets (including cash & bank balances)	–	-0.31%

Debt, money market and cash 1

Holding	Sector / type	% of fund
Treps	–	2.48%

From the fund house's monthly portfolio (assetmanagement.hsbc.co.in), as on 31 Oct 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility17.6%yearly, from daily NAVs

Worst fall-24.89%13 Dec 2024 → 28 Feb 2025

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 30 Nov 2022).

Fund details

Fund size (average AUM, July - September 2026)	₹16,299 cr across all plans · this plan ₹3,848 cr
Fund house	HSBC Mutual Fund
Category	Equity · Mid Cap
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 1.09% · Regular 2.15% (6 Nov 2026)
Exit load	If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
Minimum investment	₹5,000 · additional ₹1,000
Scheme code (AMFI)	151036
ISIN	INF917K01FZ1
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · IDCW	₹91.8670	+7.09%
Regular · Growth	₹454.3772	+14.62%
Regular · IDCW	₹78.4869	+5.47%

Top Mid Cap funds (direct plans)

Fund	1 year	3 years (a year)
Invesco India Mid Cap Fund	+8.03%	+23.93%
HSBC Midcap Fund	+15.85%	+22.13%
WhiteOak Capital Mid Cap Fund	+8.62%	+21.20%
ICICI Prudential Mid Cap Fund	+7.90%	+20.69%
Edelweiss Mid Cap Fund	+4.10%	+20.12%
JM Mid Cap Fund	+8.36%	+18.67%
ITI Mid Cap Fund	+4.26%	+18.59%
BANDHAN MID CAP FUND	+8.45%	+18.35%

All Mid Cap funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of HSBC Midcap Fund - Direct Plan - Growth today?

₹520.6707 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of HSBC Midcap Fund - Direct Plan - Growth?

1 year: 15.85%, 3 years: 22.13% a year

How does HSBC Midcap Fund rank in its category?

1 of 24 Mid Cap funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.