Markets / Mutual funds / Multi Asset Allocation

HSBC Multi Asset Allocation Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

HSBC Mutual Fund · Hybrid fund · Direct plan · Growth

Multi Asset AllocationDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹14.3549 ▲ 0.24%

HSBC Mutual Fund

Fund size₹3,161 crJuly - September 2026

1-month range₹13.43 – 14.35

1 year+10.88%rank 2 of 24

Expense ratio0.94%direct plan, a year

5 years–a year

What the fund does

The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

BenchmarkBSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) +Domestic Price of Gold (10%)+Domestic Price of Silver (5%)

Launched28 Feb 2024

Fund houseHSBC Mutual Fund

Fund managersFM 1 - Cheenu GuptaFM 2 - Mahesh ChhabriaFM 3 - Mohd. Asif RizwiFM 4 - Dipan ParikhFM 5 - Mayank ChaturvediFM 6- Praveen Ayathan

NAV history

Returns

1 week

+4.30%avg 3.8%

1 month

+2.35%avg 1.9%

3 months

-0.44%avg -1.3%

6 months

+1.95%avg 0.8%

This year

+6.34%avg 2.8%

1 year

+10.88%avg 6.7% · #2/24

Bars: this plan; the thin mark is the Multi Asset Allocation 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												+2.2
2025	-8.9	-7.8	+6.0	+2.3	+4.5	+3.4	+1.0	+0.6	+3.6	+2.9	+1.3	+1.8
2026	+3.6	+1.0	-9.0	+7.8	+2.7	-0.2	+0.1	+3.4	-5.1	-1.2	+4.3

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 held7190 lines in all

Top 10 stocks45.2%of the fund

Short positions-0.2%sold through derivatives

Net equity84.4%long stocks and derivatives minus shorts

Where the money is

Equity 84.7%Debt 12.3%Money market 0.6%Cash & others 2.4%Short -0.2%

Sectors (stocks held)

Banks

18.7%

Exchange Traded Funds

12.1%

Retailing

9.5%

Electrical Equipment

7.9%

Pharmaceuticals & Biotechnology

5.8%

Finance

5.3%

IT - Software

4.4%

Automobiles

3.9%

Credit quality (debt and money market)

AAA

9.4%

Sovereign

2.9%

A1+

0.6%

Changes since 30 Sept 2026

Share of fund	31 Oct 2026	30 Sept 2026	Change
Stocks held	84.7%	85.2%	-0.52
Short positions	-0.2%	-0.2%	-0.04
Debt	12.3%	12.4%	-0.08
Money market	0.6%	0.6%	0.00
Cash & others	2.4%	1.8%	+0.60
Top 10 stocks	45.2%	42.5%	+2.70
Number of stocks	71	70	+1

New stocks 2

Bajaj Finance Limited1.19%
Coforge Limited0.51%

Stocks sold off 1

Mankind Pharma Limitedwas 1.22%

Bought more 8

Tech Mahindra Limited+2.10
Divi''s Laboratories Limited+1.57
HSBC Mutual Fund+1.50
Cholamandalam Invest & Finance Co Ltd+1.45
PERSISTENT SYSTEMS LTD+0.74
ICICI Bank Limited+0.47
Ather Energy Limited+0.31
CG Power And Industrial Solutions Ltd+0.26

Cut back 8

ICICI Prudential AMC Ltd-2.08
TITAGARH RAIL SYSTEMS LIMITED-1.52
HDFC Asset Management Company Limited-1.51
Billionbrains Garage Ventures Ltd.-0.88
InterGlobe Aviation Limited-0.80
Mahindra & Mahindra Limited-0.73
Tata Consumer Products Limited-0.54
Hindalco Industries Limited-0.33

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 71

Holding	Sector / type	% of fund
HSBC Mutual Fund INF336L01RX2	Exchange Traded Funds	10.52%
ICICI Bank Limited INE090A01021	Banks	8.36%
HDFC Bank Limited INE040A01034	Banks	4.96%
Lenskart Solutions Limited INE956O01016	Retailing	4.47%
The Federal Bank Limited INE171A01029	Banks	3.26%
Meesho Limited INE0VDM01015	Retailing	3.19%
Tech Mahindra Limited INE669C01036	IT - Software	3.04%
Aditya Infotech Limited INE819V01029	Industrial Manufacturing	2.65%
ITC Limited INE154A01025	Diversified FMCG	2.47%
TVS Motor Company Limited INE494B01023	Automobiles	2.31%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	2.30%
Lupin Limited INE326A01037	Pharmaceuticals & Biotechnology	2.02%
JSW Steel Limited INE019A01038	Ferrous Metals	2.00%
FSN E-Commerce Ventures Limited INE388Y01029	Retailing	1.88%
Polycab India Limited INE455K01017	Industrial Products	1.87%
PB Fintech Limited INE417T01026	Financial Technology (Fintech)	1.76%
Divi''s Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	1.74%
Piramal Finance Ltd INE202B01038	Finance	1.62%
Ather Energy Limited INE0LEZ01016	Automobiles	1.60%
HDFC MUTUAL FUND INF179KC1981	Exchange Traded Funds	1.59%
Dhoot Transmission Limited INE01NH01023	Auto Components	1.58%
APAR INDUSTRIES LTD INE372A01015	Electrical Equipment	1.52%
Cholamandalam Invest & Finance Co Ltd INE121A01024	Finance	1.45%
Gland Pharma Limited INE068V01023	Pharmaceuticals & Biotechnology	1.44%
CG Power And Industrial Solutions Ltd INE067A01029	Electrical Equipment	1.42%
Bajaj Finance Limited INE296A01032	Finance	1.19%
Sedemac Mechatronics Ltd. INE00XB01019	Auto Components	1.13%
City Union Bank Limited INE491A01021	Banks	1.12%
Hitachi Energy India Limited INE07Y701011	Electrical Equipment	1.10%
Indian Bank INE562A01011	Banks	0.92%
PERSISTENT SYSTEMS LTD INE262H01021	IT - Software	0.87%
ABB India Limited INE117A01022	Electrical Equipment	0.81%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	0.81%
Nippon Life India Asset Management Ltd INE298J01013	Capital Markets	0.79%
KFIN Technologies Limited INE138Y01010	Capital Markets	0.69%
Mahindra & Mahindra Financial Serv Ltd. INE774D01024	Finance	0.68%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	0.64%
TENNECO CLEAN AIR INDIA LIMITED INE19RI01016	Auto Components	0.52%
Coforge Limited INE591G01025	IT - Software	0.51%
Thermax Limited INE152A01029	Electrical Equipment	0.50%
PNB Housing Finance Limited INE572E01012	Finance	0.35%
Siemens Limited INE003A01024	Electrical Equipment	0.21%
Billionbrains Garage Ventures Ltd. INE0HOQ01053	Capital Markets	0.16%
State Bank of India INE062A01020	Banks	0.06%
Britannia Industries Limited INE216A01030	Food Products	0.05%
Multi Commodity Exchange of India Ltd. INE745G01043	Capital Markets	0.05%
Axis Bank Limited INE238A01034	Banks	0.04%
SAFARI INDUSTRIES (INDIA) LIMITED INE429E01023	Consumer Durables	0.04%
ICICI Prudential AMC Ltd INE346A01027	Capital Markets	0.03%
Bharti Airtel Limited INE397D01024	Telecom - Services	0.03%
HDFC Asset Management Company Limited INE127D01025	Capital Markets	0.03%
Dixon Technologies (India) Limited INE935N01020	Consumer Durables	0.03%
Max Healthcare Institute Limited INE027H01010	Healthcare Services	0.03%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.03%
Larsen & Toubro Limited INE018A01030	Construction	0.03%
TITAGARH RAIL SYSTEMS LIMITED INE615H01020	Industrial Manufacturing	0.02%
The Tata Power Company Limited INE245A01021	Power	0.02%
UltraTech Cement Limited INE481G01011	Cement & Cement Products	0.02%
BSE Ltd INE118H01025	Capital Markets	0.02%
Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	0.02%
Godrej Consumer Products Limited INE102D01028	Personal Products	0.02%
Shriram Finance Limited INE721A01047	Finance	0.01%
Reliance Industries Limited INE002A01018	Petroleum Products	0.01%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.01%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.01%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	0.01%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.01%
Power Grid Corporation of India Limited INE752E01010	Power	0.01%
InterGlobe Aviation Limited INE646L01027	Transport Services	0.01%
Infosys Limited INE009A01021	IT - Software	0.00%
BLUE STAR LTD INE472A01039	Consumer Durables	0.00%

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Short positions 1

Holding	Sector / type	% of fund
Net Current Assets (including cash & bank balances)	–	-0.24%

Debt, money market and cash 18

Holding	Sector / type	% of fund
Treps	–	2.04%
Bajaj Housing Finance Ltd** INE377Y07656	CRISIL AAA	1.63%
NABARD^ INE261F08EU4	CRISIL AAA	1.60%
Bajaj Finance Limited^ INE296A07UB9	CRISIL AAA	1.60%
6.48% GOI 06Oct2035 IN0020250091	SOVEREIGN	0.98%
REC Limited** INE020B08FR6	CRISIL AAA	0.83%
6.94% GOI 11-May-2036 IN0020260025	SOVEREIGN	0.80%
UltraTech Cement Limited** INE481G08149	CRISIL AAA	0.79%
SIDBI** INE556F08KR0	CRISIL AAA	0.79%
REC Limited^ INE020B08GF9	CRISIL AAA	0.78%
6.01% GOI 21Jul2030 IN0020250067	SOVEREIGN	0.78%
Liquid Gold Series 24** INE2ZXW15019	CRISIL AAA(SO)	0.62%
ICICI Bank Limited** INE090AD6287	ICRA A1+	0.62%
India Universal Trust AL2^ INE1CBK15037	CRISIL AAA(SO)	0.57%
Reliance Industries Limited** INE002A08542	CRISIL AAA	0.53%
Indian Railway Finance Corporation Ltd** INE053F07CA3	CRISIL AAA	0.31%
7.18% GOI - 14-Aug-2033 IN0020230085	SOVEREIGN	0.16%
6.9% GOI 15-Apr-2065 IN0020250018	SOVEREIGN	0.14%

Show 8 moreShow fewer

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

Volatility13.8%yearly, from daily NAVs

Worst fall-17.49%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 1 Mar 2024).

Where it can invest (limits from the scheme document)

Equities & Equity related instruments

65–80%

Debt, Money Market Securities

10–25%

Gold / Silver ETFs

10–25%

Units issued by REITs/ InvITs

0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹3,161 cr across all plans · this plan ₹119 cr
Fund house	HSBC Mutual Fund
Category	Hybrid · Multi Asset Allocation
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 0.94% · Regular 2.23% (6 Nov 2026)
Exit load	If units redeemed or switched out are upto 10% of the units purchased or switched in 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)	152380
ISIN	INF336L01RI3
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	₹13.9920	+8.07%
Regular · Growth	₹13.8411	+9.41%
Regular · IDCW	₹12.6358	-0.12%

Top Multi Asset Allocation funds (direct plans)

Fund	1 year	3 years (a year)
Quant Multi Asset Allocation Fund	+11.66%	+21.88%
Nippon India Multi Asset Allocation Fund	+7.26%	+18.50%
DSP Multi Asset Allocation Fund	+8.82%	+18.26%
Kotak Multi Asset Allocation Fund	+9.01%	+17.24%
Aditya Birla Sun Life Multi Asset Allocation Fund	+9.73%	+16.90%
WhiteOak Capital Multi Asset Allocation Fund	+8.93%	+16.71%
Baroda BNP Paribas Multi Asset Fund	+6.11%	+15.22%
UTI Multi Asset Allocation Fund	+2.82%	+15.06%
HSBC Multi Asset Allocation Fund	+10.88%	–

All Multi Asset Allocation funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of HSBC Multi Asset Allocation Fund - Direct Plan - Growth today?

₹14.3549 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of HSBC Multi Asset Allocation Fund - Direct Plan - Growth?

1 year: 10.88%

How does HSBC Multi Asset Allocation Fund rank in its category?

2 of 24 Multi Asset Allocation 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.