HSBC Small Cap Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

HSBC Mutual Fund · Equity fund · Direct plan · Growth

Small CapDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹97.8183 ▼ 0.78%

HSBC Mutual Fund

Fund size₹18,453 crJuly - September 2026

1-month range₹91.04 – 101.29

1 year+9.40%rank 13 of 26

Expense ratio0.76%direct plan, a year

5 years–a year

What the fund does

To generate long term capital growth from an actively managed portfolio of equity and equity related securities of predominantly small cap companies. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

BenchmarkNIFTY Small Cap 250 TRI

Launched12 May 2014

Fund houseHSBC Mutual Fund

Fund managersVenugopal ManghatMayank ChaturvediDipan S. Parikh

NAV history

Returns

1 week

+4.90%avg 3.7%

1 month

-3.33%avg -2.4%

3 months

-2.09%avg -2.8%

6 months

+4.38%avg 4.2%

This year

+11.82%avg 10.8%

1 year

+9.40%avg 8.3% · #13/26

3 years (a year)

+13.24%avg 14.2% · #12/22

Bars: this plan; the thin mark is the Small 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												+0.4
2025	-11.7	-14.0	+8.2	+1.8	+8.4	+4.3	-0.9	-5.0	+1.2	+2.6	-2.0	-1.3
2026	-5.7	+2.2	-9.9	+17.8	+2.9	+5.5	-0.5	+7.1	-3.3	-7.0	+4.9

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 held108110 lines in all

Top 10 stocks22.5%of the fund

Short positions-0.4%sold through derivatives

Net equity98.7%long stocks and derivatives minus shorts

Where the money is

Equity 99.1%Cash & others 0.9%Short -0.4%

Sectors (stocks held)

Industrial Products

12.6%

Pharmaceuticals & Biotechnology

10.4%

Banks

8.1%

Capital Markets

6.5%

Auto Components

6.4%

Electrical Equipment

5.7%

Textiles & Apparels

5.6%

Finance

5.6%

Changes since 30 Sept 2026

Share of fund	31 Oct 2026	30 Sept 2026	Change
Stocks held	99.1%	99.2%	-0.15
Short positions	-0.4%	-0.1%	-0.24
Cash & others	0.9%	0.8%	+0.15
Top 10 stocks	22.5%	20.7%	+1.81
Number of stocks	108	108	0

New stocks 2

Zetwerk Manufacturing Business Limited0.31%
PERSISTENT SYSTEMS LTD0.24%

Stocks sold off 2

Housing and Urban Development Corp. Ltd.was 0.28%
Aditya Birla Real Estate Limitedwas 0.07%

Bought more 6

Laurus Labs Limited+0.67
Ather Energy Limited+0.59
Karur Vysya Bank Limited+0.36
PTC INDUSTRIES LIMITED+0.32
The Federal Bank Limited+0.28
Radico Khaitan Limited+0.25

Cut back 4

GE Vernova T&D India Limited-0.43
Engineers India Limited-0.28
FINOLEX CABLES LTD-0.27
Sumitomo Chemical India Limited-0.27

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 108

Holding	Sector / type	% of fund
APAR INDUSTRIES LTD INE372A01015	Electrical Equipment	2.57%
Ather Energy Limited INE0LEZ01016	Automobiles	2.44%
Sai Life Sciences Ltd. INE570L01029	Pharmaceuticals & Biotechnology	2.42%
Karur Vysya Bank Limited INE036D01028	Banks	2.40%
The Federal Bank Limited INE171A01029	Banks	2.22%
Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	2.12%
Radico Khaitan Limited INE944F01028	Beverages	2.10%
VIJAYA DIAGNOSTIC CENTRE LIMITED INE043W01024	Healthcare Services	2.10%
Welspun Living Limited INE192B01031	Textiles & Apparels	2.05%
Laurus Labs Limited INE947Q01028	Pharmaceuticals & Biotechnology	2.04%
PNB Housing Finance Limited INE572E01012	Finance	1.99%
Engineers India Limited INE510A01028	Construction	1.90%
Neuland Laboratories Ltd INE794A01010	Pharmaceuticals & Biotechnology	1.84%
PTC INDUSTRIES LIMITED INE596F01018	Industrial Products	1.68%
HAPPY FORGINGS LIMITED INE330T01021	Industrial Products	1.65%
CRAFTSMAN AUTOMATION LIMITED INE00LO01017	Auto Components	1.62%
Mtar Technologies Limited INE864I01014	Electrical Equipment	1.59%
Motilal Oswal Financial Services Limited INE338I01027	Capital Markets	1.54%
K.P.R. Mill Ltd INE930H01031	Textiles & Apparels	1.53%
Kajaria Ceramics Limited INE217B01036	Consumer Durables	1.52%
Aster DM Quality Care Limited INE914M01019	Healthcare Services	1.50%
City Union Bank Limited INE491A01021	Banks	1.42%
FINOLEX CABLES LTD INE235A01022	Industrial Products	1.40%
Multi Commodity Exchange of India Ltd. INE745G01043	Capital Markets	1.37%
Polycab India Limited INE455K01017	Industrial Products	1.33%
WOCKHARDT LTD INE049B01025	Pharmaceuticals & Biotechnology	1.30%
KFIN Technologies Limited INE138Y01010	Capital Markets	1.26%
SUPREME PETROCHEM LIMITED INE663A01033	Chemicals & Petrochemicals	1.26%
Time Technoplast Limited INE508G01029	Industrial Products	1.25%
Jyoti Cnc Automation Ltd INE980O01024	Industrial Manufacturing	1.25%
Ratnamani Metals & Tubes Limited INE703B01027	Industrial Products	1.23%
INDO COUNT INDUSTRIES LIMITED INE483B01026	Textiles & Apparels	1.22%
AEGIS LOGISTICS LTD INE208C01025	Gas	1.15%
CCL Products (India) Limited INE421D01022	Agricultural Food & other Products	1.15%
Dhoot Transmission Limited INE01NH01023	Auto Components	1.15%
RBL Bank Limited INE976G01028	Banks	1.13%
Nippon Life India Asset Management Ltd INE298J01013	Capital Markets	1.11%
Cholamandalam Financial Holdings Limited INE149A01033	Finance	1.08%
Delhivery Limited INE148O01028	Transport Services	1.05%
Sterlite Technologies Limited INE089C01029	Telecom - Equipment & Accessories	1.05%
IPCA Laboratories Limited INE571A01038	Pharmaceuticals & Biotechnology	0.99%
Emcure Pharmaceuticals Limited INE168P01015	Pharmaceuticals & Biotechnology	0.96%
Devyani International Limited INE872J01023	Leisure Services	0.95%
KEI Industries Limited INE878B01027	Industrial Products	0.95%
IIFL Finance Limited INE530B01024	Finance	0.93%
Cera Sanitaryware Limited INE739E01017	Consumer Durables	0.93%
TECHNO ELECTRIC & ENGINEERING COMPANY LI INE285K01026	Construction	0.86%
eClerx Services Limited INE738I01010	Commercial Services & Supplies	0.84%
CarTrade Tech Limited INE290S01011	Retailing	0.83%
Sobha Limited INE671H01015	Realty	0.82%
Sumitomo Chemical India Limited INE258G01013	Fertilizers & Agrochemicals	0.82%
BIKAJI FOODS INTERNATIONAL LIMITED INE00E101023	Food Products	0.77%
Gokaldas Exports Limited INE887G01027	Textiles & Apparels	0.75%
Lemon Tree Hotels Limited INE970X01018	Leisure Services	0.73%
Prudent Corporate Advisory Services Ltd INE00F201020	Capital Markets	0.73%
Krishna Institute of Medical Science Ltd INE967H01025	Healthcare Services	0.67%
GE Vernova T&D India Limited INE200A01026	Electrical Equipment	0.64%
Creditaccess Grameen Limited INE741K01010	Finance	0.62%
INDO-MIM Limited INE084101034	Industrial Manufacturing	0.60%
Sagility Limited INE0W2G01015	IT - Services	0.60%
Oberoi Realty Limited INE093I01010	Realty	0.60%
AVALON TECHNOLOGIES LIMITED INE0LCL01028	Electrical Equipment	0.59%
PARAS DEFENCE AND SPACE TECHNOLOGIES LTD INE045601023	Aerospace & Defense	0.57%
GABRIEL INDIA LIMITED INE524A01029	Auto Components	0.55%
ZF Comm. Vehicle Control Systems Ind Ltd INE342J01019	Auto Components	0.55%
Kirloskar Oil Engines Ltd INE146L01010	Industrial Products	0.55%
UNO Minda Limited INE405E01023	Auto Components	0.54%
KIRLOSKAR PNEUMATIC CO.LTD. INE811A01038	Industrial Products	0.53%
TITAGARH RAIL SYSTEMS LIMITED INE615H01020	Industrial Manufacturing	0.52%
Sharda Motor Industries Limited INE597I01028	Auto Components	0.52%
Eris Lifesciences Limited INE406M01024	Pharmaceuticals & Biotechnology	0.52%
Angel One Limited INE732I01021	Capital Markets	0.51%
IDFC First Bank Limited INE092T01019	Banks	0.50%
Amber Enterprises India Limited INE371P01015	Consumer Durables	0.49%
LG Electronics India Limited INE324D01010	Consumer Durables	0.49%
EID Parry India Limited INE126A01031	Food Products	0.49%
Carborundum Universal Limited INE120A01034	Industrial Products	0.49%
Alkyl Amines Chemicals Limited INE150B01039	Chemicals & Petrochemicals	0.48%
KSH INTERNATIONAL LIMITED INE987S01020	Industrial Products	0.45%
Carraro India Ltd INE0V7W01012	Auto Components	0.44%
Manipal Health Enterprises Limited INE459N01021	Healthcare Services	0.44%
Pine Labs Limited INE15B701018	Financial Technology (Fintech)	0.43%
Piramal Finance Ltd INE202B01038	Finance	0.42%
TUBE INVESTMENTS OF INDIA LTD INE974X01010	Auto Components	0.42%
FINOLEX INDUSTRIES LTD INE183A01024	Industrial Products	0.42%
AU Small Finance Bank Limited INE949L01017	Banks	0.42%
Thyrocare Technologies Limited INE594H01019	Healthcare Services	0.41%
HDB Financial Services Limited INE756I01012	Finance	0.40%
Nesco Limited INE317F01035	Commercial Services & Supplies	0.39%
SOMANY CERAMICS LIMITED INE355A01028	Consumer Durables	0.37%
Rolex Rings Limited INE645S01024	Auto Components	0.36%
Hindustan Foods Ltd INE254N01026	Diversified FMCG	0.35%
Genus Power Infrastructures Limited INE955D01029	Electrical Equipment	0.35%
APL Apollo Tubes Limited INE702C01027	Industrial Products	0.33%
SWIGGY LIMITED INE00H001014	Retailing	0.33%
Senores Pharmaceuticals Limited INE0RB801010	Pharmaceuticals & Biotechnology	0.32%
Jindal Saw Ltd INE324A01032	Industrial Products	0.32%
Century Plyboards (India) Limited INE348B01021	Consumer Durables	0.31%
Zetwerk Manufacturing Business Limited INE09PO01019	Industrial Manufacturing	0.31%
METRO BRANDS LIMITED INE317I01021	Consumer Durables	0.30%
Data Patterns (India) Limited INE0IX101010	Aerospace & Defense	0.25%
PERSISTENT SYSTEMS LTD INE262H01021	IT - Software	0.24%
Godfrey Phillips India Limited INE260B01028	Cigarettes & Tobacco Products	0.21%
Shriram Pistons & Rings Limited INE526E01018	Auto Components	0.21%
Seshaasai Technologies Limited INE04VU01023	Financial Technology (Fintech)	0.18%
Home First Finance Company India Limited INE481N01025	Finance	0.11%
CELLO WORLD LIMITED INE0LMW01024	Consumer Durables	0.07%
Doms Industries Limited INE321T01012	Household Products	0.04%

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Short positions 1

Holding	Sector / type	% of fund
Net Current Assets (including cash & bank balances)	–	-0.38%

Debt, money market and cash 1

Holding	Sector / type	% of fund
Treps	–	1.32%

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

Volatility18.6%yearly, from daily NAVs

Worst fall-26.32%6 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).

Where it can invest (limits from the scheme document)

Equity & Equity related securities of small cap companies

65–100%

Equity & Equity related securities of other than small cap companies

0–35%

Money market instruments and other liquid instruments

0–35%

Units issued by InvITs

0–10%

Units of Gold and Silver ETFs

0–35%

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

Fund details

Fund size (average AUM, July - September 2026)	₹18,453 cr across all plans · this plan ₹4,652 cr
Fund house	HSBC Mutual Fund
Category	Equity · Small Cap
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 0.76% · Regular 1.77% (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)	151130
ISIN	INF917K01QA1
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 · Growth	₹46.4496	+0.39%
Regular · Growth	₹39.3134	-1.45%
Regular · Growth	₹86.8759	+8.30%

Top Small Cap funds (direct plans)

Fund	1 year	3 years (a year)
BANDHAN Small Cap Fund	+6.80%	+22.82%
ITI Small Cap Fund	+15.98%	+22.14%
Invesco India Small Cap Fund	+15.87%	+21.72%
Mahindra Manulife Small Cap Fund	+13.28%	+18.82%
LIC MF Small Cap Fund	+14.44%	+17.29%
Quant Small Cap Fund	+9.83%	+16.97%
DSP Small Cap Fund	+13.75%	+16.57%
Union Small Cap Fund	+16.70%	+15.35%
HSBC Small Cap Fund	+9.40%	+13.24%

All Small Cap funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

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

₹97.8183 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: 9.40%, 3 years: 13.24% a year

How does HSBC Small Cap Fund rank in its category?

13 of 26 Small 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.