HSBC Flexi Cap Fund Direct Growth NAV today
AMFI: 120046ISIN: INF336L01DH5MUTF_IN: HSBC_FLEX_CAP_12ELGECHSBC Mutual FundFlexi Cap funds
NAV ₹247.5803up ₹3.12 (1.27%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Regular IDCW ₹41.0790 · Regular Growth ₹219.8086, 1.27% · Direct IDCW ₹45.0961
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹5,749 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.30%21 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 26.730 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 8430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 24 Feb 2004
HSBC Flexi Cap Fund returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | −2.06% | −2.07% | −1.38% | – | – | – |
| 1 month | −4.97% | −5.04% | −3.81% | 39 of 47 | −3.74% | −4.7% to −3.4% |
| 3 months | −2.20% | −2.40% | −5.95% | 8 of 45 | −4.04% | −5.5% to −3.1% |
| 6 months | +0.36% | −0.05% | −4.14% | 20 of 45 | −0.59% | −3.5% to +1.9% |
| 1 year | −2.14% | −2.90% | −8.03% | 12 of 43 | −5.42% | −7.6% to −2.1% |
| 3 years | +14.82% | +13.95% | +10.06% | 10 of 37 | +11.35% | +9.8% to +14.8% |
| 5 years | +11.11% | +10.15% | +8.08% | 7 of 27 | +8.94% | +8.0% to +10.9% |
| 10 years | +12.69% | +11.67% | +12.50% | 12 of 19 | +12.79% | +11.9% to +14.3% |
₹10,000 put in on 2 Jan 2013 is ₹64,337 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Flexi Cap funds, each fund's return to its latest NAV on or before 27 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +6.10% | −2.03% |
| 3 years | +14.89% | +9.50% |
| 5 years | +13.36% | +9.04% |
| 10 years | +13.37% | +12.76% |
| Since launch | +14.29% | +12.99% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 500 TRI
- Loss
Highest year to Dec 2014, +55.8%; lowest year to Dec 2018, −9.9%Above the benchmark in 6 of 12 years
HSBC Flexi Cap Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,19,863₹1,19,857 after stamp duty | −0.22% | −0.23% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,90,081₹3,90,062 after stamp duty | +5.32% | +5.32% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹8,03,218₹8,03,178 after stamp duty | +11.66% | +11.66% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹24,60,840₹24,60,782 after stamp duty | +13.78% | +13.78% | ₹38 | |
| Since Jan 2013165 instalments | ₹16,50,000 | ₹46,26,064₹46,26,005 after stamp duty | +13.92% | +13.92% | ₹38 |
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 2 Jan 2013 to 27 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year3,153 windows−34.4%+18.0%+94.3%80.8%
3 years2,665 windows−8.9%+15.4%+32.5%95.9%
5 years2,172 windows−2.3%+14.5%+29.4%99.6%
10 years940 windows+11.2%+14.8%+17.7%100.0%
Every 10-year window ended higher than it started.
HSBC Flexi Cap Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 0.79 ptsA year, on 21 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.30%Over the last 30 days filed
- Regular, 30-day average
- 2.09%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.49%, Apr 2026.Direct plan lowest 0.89%, Nov 2022.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.91% | 1.58% |
| Brokerage | 0.07% | 0.07% |
| Transaction costs | None | None |
| Statutory levies | 0.32% | 0.44% |
Per cent of assets a year, filed for 21 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
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 - NilMoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP instalments, at least
- Daily - 6 installments; Weekly - 6 installments ; Monthly - 6 installments ; Quarterly - 4 installments
As listed for this plan on 27 Oct 2026.
How HSBC Flexi Cap Fund is taxed
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
HSBC Flexi Cap Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹5,806 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 8.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2010.
Assets at each month end
Highest ₹6,000 Cr, Aug 2026.Lowest ₹276 Cr, Mar 2020.
HSBC Flexi Cap Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|---|
| ICICI BankBanks | Large cap5th | 3.89% | 223.48 | 16,90,869 | May 2023or earlier |
| Reliance IndustriesPetroleum Products | Large cap1st | 2.47% | 141.87 | 11,95,160 | May 2023or earlier |
| TD Power SystemsElectrical Equipment | Small cap419th | 2.31% | 132.52 | 16,85,852 | May 2023or earlier |
| Kotak Mahindra BankBanks | Large cap16th | 2.22% | 127.80 | 30,64,754 | Aug 2026 |
| The Karnataka BankBanks | Small cap594th | 2.11% | 121.19 | 36,83,450 | May 2024or earlier |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 1.99% | 114.43 | 3,46,717 | Dec 2024or earlier |
| CoforgeIT - Software | Mid cap200th | 1.95% | 112.07 | 6,40,757 | May 2024or earlier |
| Samvardhana Motherson InternationalAuto Components | Large cap77th | 1.91% | 109.52 | 67,08,138 | May 2024or earlier |
| Tata SteelFerrous Metals | Large cap36th | 1.84% | 105.76 | 57,38,311 | Jan 2026 |
| State Bank of IndiaBanks | Large cap4th | 1.80% | 103.21 | 10,75,683 | May 2023or earlier |
| Bharti AirtelTelecom - Services | Large cap3rd | 1.79% | 102.97 | 5,86,044 | May 2023or earlier |
| HDFC BankBanks | Large cap2nd | 1.79% | 103.09 | 14,54,603 | May 2023or earlier |
| Mtar TechnologiesElectrical Equipment | Small cap423rd | 1.77% | 101.99 | 1,30,801 | Oct 2025 |
| Radico KhaitanBeverages | Mid cap218th | 1.73% | 99.50 | 2,27,892 | May 2024or earlier |
| Hindalco IndustriesNon - Ferrous Metals | Large cap39th | 1.70% | 97.88 | 10,39,266 | Feb 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Treps | 2.12% | 121.95 |
| Net Current Assets (including cash & bank balances) | −0.92% | −51.79 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 3.89%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 13.00%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 22.49%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 68.3Taken over 98.80% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares98.80%
- Cash and receivables1.20%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap46.47%Category 53.86%
- Mid cap19.96%Category 20.36%
- Small cap30.13%Category 24.06%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 3.40% of the fund. Category is the average of 47 Flexi Cap funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary18sectors
- Financial Services30.60%Category 27.83%
- Capital Goods16.11%Category 8.85%
- Automobile And Auto Components7.54%Category 8.98%
- Information Technology6.68%Category 4.76%
- Healthcare6.45%Category 9.56%
- Metals & Mining4.80%Category 2.60%
- Fast Moving Consumer Goods4.36%Category 4.15%
- Consumer Services3.96%Category 5.16%
- Telecommunication2.73%Category 2.94%
- Oil Gas & Consumable Fuels2.47%Category 3.17%
- Textiles2.17%Category 0.76%
- Construction2.16%Category 2.23%
- Power2.13%Category 2.10%
- Consumer Durables1.81%Category 3.62%
- Construction Materials1.81%Category 1.12%
- Services1.60%Category 2.68%
- Chemicals0.93%Category 2.59%
- Realty0.49%Category 0.93%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 47 Flexi Cap funds. Category average. The sector's weight, less the futures sold on it, averaged over the 47 Flexi Cap funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services20 companies | 30.60% | 30.62% | 29.08% | 29.63% | 29.48% | 29.09% | 29.20% | 29.93% | 30.24% | 30.30% | 28.72% | 28.02% | |
| Capital Goods16 companies | 16.11% | 15.71% | 13.82% | 14.71% | 13.71% | 14.09% | 12.52% | 13.34% | 12.06% | 12.07% | 13.11% | 13.91% | |
| Automobile And Auto Components6 companies | 7.54% | 7.83% | 6.71% | 6.63% | 6.63% | 6.37% | 6.07% | 6.25% | 6.18% | 7.30% | 7.13% | 6.28% | |
| Information Technology6 companies | 6.68% | 7.13% | 7.28% | 6.35% | 6.70% | 7.17% | 7.20% | 6.70% | 10.33% | 10.02% | 10.40% | 10.05% | |
| Healthcare7 companies | 6.45% | 6.21% | 6.11% | 5.86% | 5.91% | 5.37% | 6.00% | 5.81% | 5.62% | 5.06% | 4.67% | 4.71% | |
| Metals & Mining3 companies | 4.80% | 4.67% | 4.75% | 4.72% | 5.19% | 5.06% | 5.37% | 4.70% | 3.78% | 2.46% | 2.32% | 2.40% | |
| Fast Moving Consumer Goods4 companies | 4.36% | 4.42% | 5.99% | 6.58% | 6.50% | 6.77% | 5.36% | 5.42% | 5.29% | 6.08% | 5.96% | 6.03% | |
| Consumer Services3 companies | 3.96% | 3.87% | 4.22% | 4.83% | 4.49% | 4.53% | 4.33% | 4.07% | 4.15% | 4.59% | 4.74% | 5.13% | |
| Telecommunication2 companies | 2.73% | 2.20% | 2.42% | 1.72% | 1.73% | 2.06% | 2.47% | 2.33% | 2.64% | 2.70% | 2.92% | 3.22% | |
| Oil Gas & Consumable Fuels1 company | 2.47% | 3.29% | 4.02% | 4.03% | 4.22% | 4.54% | 4.58% | 4.23% | 4.07% | 3.97% | 3.95% | 3.78% | |
| Textiles3 companies | 2.17% | 1.95% | 2.32% | 2.43% | 2.15% | 1.56% | 0.82% | 0.82% | 0.07% | 0.00% | 0.00% | 0.00% | |
| Construction2 companies | 2.16% | 2.25% | 2.29% | 2.48% | 2.15% | 2.75% | 2.61% | 2.60% | 2.23% | 2.47% | 2.54% | 2.77% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 42.62% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 31.96% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 12
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 5
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 63
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 1.96%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 7.95%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Kotak Mahindra Bank | Added | 2.22% | 0.72% | +1.50 pts | +20,34,473 |
| Hindustan Unilever | Sold out | – | 1.06% | −1.06 pts | −3,23,978 |
| InterGlobe Aviation | New | 1.01% | 0.00% | +1.01 pts | +1,16,270 |
| HDFC Bank | Trimmed | 1.79% | 2.76% | −0.97 pts | −8,84,899 |
| Hindustan Petroleum Corporation | Sold out | – | 0.75% | −0.75 pts | −12,31,387 |
| United Spirits | New | 0.75% | 0.00% | +0.75 pts | +3,19,347 |
| Shriram Finance | Trimmed | 1.45% | 2.12% | −0.67 pts | −2,95,083 |
| National Stock Exchange of India | New | 0.63% | 0.00% | +0.63 pts | +2,05,008 |
| ICICI Bank | Trimmed | 3.89% | 4.49% | −0.60 pts | −1,61,262 |
| Tata Steel | Added | 1.84% | 1.41% | +0.43 pts | +11,38,054 |
| R R Kabel | Trimmed | 0.96% | 1.36% | −0.40 pts | −60,758 |
| Mtar Technologies | Added | 1.77% | 1.38% | +0.39 pts | +13,063 |
| OnEMI Technology Solutions | Added | 1.19% | 0.84% | +0.35 pts | +2,12,722 |
| Optiemus Infracom | Added | 0.94% | 0.62% | +0.32 pts | +54,532 |
| Jindal Steel | Trimmed | 1.26% | 1.50% | −0.24 pts | −1,13,786 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 3.89%Cut | 4.03% | 3.92% | 4.20%Added | 4.31% | 4.21% | 4.33%Added | 4.20% | 4.52% | 4.65% | 4.49% | 3.89%Cut |
 Reliance Industries | 3.16% | 3.35% | 3.36% | 3.14%Added | 3.16% | 3.40% | 3.16% | 2.85% | 2.75% | 2.73% | 2.54% | 2.47% |
 TD Power Systems | 1.58% | 1.59% | 1.44% | 1.47% | 1.84% | 1.94% | 2.29% | 2.26%Cut | 2.09% | 1.67%Cut | 2.18% | 2.31% |
 Kotak Mahindra Bank | – | – | – | 0.06%Bought again | Sold out | – | – | – | – | – | 0.72%Bought again | 2.22%Added |
 The Karnataka Bank | 0.64% | 0.77% | 0.75% | 0.65% | 1.00%Added | 1.47%Added | 1.68%Added | 1.79%Added | 1.79% | 1.83% | 2.06% | 2.11% |
 Multi Commodity Exchange of India | 2.26% | 2.47% | 2.47%Cut | 2.78%Added | 2.37%Cut | 2.20%Cut | 2.40% | 2.10%Cut | 1.75%Cut | 1.63% | 1.96% | 1.99% |
 Coforge | 2.20% | 2.10%Cut | 1.84% | 1.80% | 1.30% | 1.36% | 1.42%Added | 1.64% | 1.67% | 1.93% | 2.12% | 1.95% |
 Samvardhana Motherson International | 1.35%Added | 1.50% | 1.55% | 1.43% | 1.71% | 1.50% | 1.51% | 2.01%Added | 2.01% | 1.77%Cut | 1.91% | 1.91% |
 Tata Steel | – | – | – | 0.49%Bought again | 1.30%Added | 1.47%Added | 1.64%Added | 1.73%Added | 1.54% | 1.53% | 1.41% | 1.84%Added |
 State Bank of India | 2.12% | 2.02%Cut | 2.04% | 2.37%Added | 2.44%Cut | 2.22% | 2.12% | 2.09%Added | 1.96%Cut | 1.93% | 1.90% | 1.80% |
 Bharti Airtel | 3.20% | 2.89%Cut | 2.67%Cut | 2.64%Added | 2.33%Cut | 2.47% | 2.06%Cut | 1.73%Cut | 1.72% | 1.81% | 1.58% | 1.79%Added |
 HDFC Bank | 5.01% | 4.87%Cut | 4.81% | 4.68%Added | 4.50% | 4.39%Added | 3.34%Cut | 3.14% | 3.31% | 3.06% | 2.76% | 1.79%Cut |
 Mtar Technologies | 0.51%Bought | 1.01%Added | 0.97% | 1.15% | 1.51% | 1.54% | 2.50% | 2.73%Cut | 2.08%Cut | 1.18%Cut | 1.38% | 1.77%Added |
 Radico Khaitan | 1.33%Cut | 1.22%Cut | 1.26% | 1.13%Added | 1.07% | 1.19% | 1.63%Added | 1.63% | 1.80% | 1.73%Cut | 1.70% | 1.73% |
 Hindalco Industries | 1.21% | 1.15% | 1.27% | 1.69%Added | 1.63% | 2.13%Added | 1.72%Cut | 1.82% | 1.76%Added | 1.77% | 1.76% | 1.70% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Flexi Cap funds (37 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary17.55%
10.09%Lowest15.87%Average19.53%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary10.82%
5.62%Lowest10.23%Average15.50%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.55
−0.38Lowest0.40Average0.70Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.83
−0.46Lowest0.59Average1.13Highest
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary1.06
0.59Lowest0.96Average1.11Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+5.19 pts
−13.17 ptsLowest+1.47 ptsAverage of 25 funds+8.30 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary91.2
72.6Lowest90.4Average97.9Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.96
0.85Lowest0.95Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary118.8%
72.8%Lowest103.5%Average129.8%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary98.4%
43.7%Lowest90.8%Average136.8%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 20261.34
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year | −14.94% | 3 Nov 2025 | 31 Mar 2026 | 18 Jun 2026 |
| 3 years | −20.48% | 24 Sep 2024 | 28 Feb 2025 | 22 Jun 2026 |
| 5 years | −22.67% | 17 Jan 2022 | 20 Jun 2022 | 21 Jun 2023 |
| 10 years and since Jan 2013 | −39.79% | 23 Jan 2018 | 23 Mar 2020 | 17 Nov 2020 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
HSBC Flexi Cap Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Abhishek GuptaPrimary | Mar 2024 | +7.10%a year | +3.29% | +3.81 pts | – | – | 4 | ₹11,177 Cr |
| Mayank ChaturvediPrimary - For Overseas Investment; For Overseas Investment | Oct 2025 | +0.21%a year | −4.56% | +4.77 pts | 14.4% | 9.3% | – | – |
| Dipan S. ParikhPrimary - For investments in Gold / Silver ETFs | Aug 2026 | −8.97%over 61 days | −8.22% | −0.75 pts | – | – | 20 | ₹94,383 Cr₹1,056 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Managers before
| Manager | |||||
|---|---|---|---|---|---|
| Sonal GuptaPrimary - For Overseas Investment | Sep 2026 | – | – | – |
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| HSBC ELSS Tax saver FundAbhishek Gupta | Mar 2024 | +8.22%a year | +3.29% | +4.93 pts | ₹3,974 Cr |
| HSBC Aggressive Hybrid FundMayank Chaturvedi | Oct 2025 | +0.46%a year | – | – | ₹5,652 Cr |
| HSBC Small Cap FundDipan S. Parikh | Aug 2026 | −10.59%over 61 days | −10.15% | −0.44 pts | ₹18,513 Cr |
| HSBC Midcap FundDipan S. Parikh | Aug 2026 | −10.29%over 61 days | −11.51% | +1.21 pts | ₹16,800 Cr |
| HSBC Value FundDipan S. Parikh | Aug 2026 | −9.40%over 61 days | −8.22% | −1.18 pts | ₹14,660 Cr |
| HSBC Multi Cap FundDipan S. Parikh | Aug 2026 | −9.62%over 61 days | −8.81% | −0.81 pts | ₹6,380 Cr |
| HSBC Large & Mid Cap FundDipan S. Parikh | Aug 2026 | −8.64%over 61 days | −9.18% | +0.55 pts | ₹5,784 Cr |
| HSBC Aggressive Hybrid FundDipan S. Parikh | Aug 2026 | −7.05%over 61 days | – | – | ₹5,652 Cr |
| HSBC ELSS Tax saver FundDipan S. Parikh | Aug 2026 | −9.00%over 61 days | −8.22% | −0.78 pts | ₹3,974 Cr |
| HSBC Multi Asset Allocation FundDipan S. Parikh | Feb 2024 | +12.11%a year | – | – | ₹3,141 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Edelweiss Flexi Cap FundEdelweiss Mutual Fund | 40.96% | 37 |
| Canara Robeco Flexi Cap FundCanara Robeco Mutual Fund | 40.16% | 35 |
| Nippon India Flexi Cap FundNippon India Mutual Fund | 37.73% | 32 |
| ITI Flexi Cap FundITI Mutual Fund | 37.32% | 30 |
| Mirae Asset Flexi Cap FundMirae Asset Mutual Fund | 35.56% | 31 |
| Mahindra Manulife Flexi Cap FundMahindra Manulife Mutual Fund | 34.87% | 28 |
| Union Flexi Cap FundUnion Mutual Fund | 34.25% | 31 |
| Aditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund | 33.62% | 24 |
| Helios Flexi Cap FundHelios Mutual Fund | 33.08% | 25 |
| TRUSTMF Flexi Cap FundTrust Mutual Fund | 32.68% | 23 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| HSBC ELSS Tax saver FundHSBC Mutual Fund | 43.43% |
| HSBC Business Cycles FundHSBC Mutual Fund | 41.69% |
| HSBC Multi Cap FundHSBC Mutual Fund | 40.11% |
| HSBC Value FundHSBC Mutual Fund | 36.41% |
| HSBC India Export Opportunities FundHSBC Mutual Fund | 33.39% |
| HSBC Large Cap FundHSBC Mutual Fund | 30.57% |
| HSBC Large & Mid Cap FundHSBC Mutual Fund | 29.57% |
| HSBC Focused FundHSBC Mutual Fund | 25.19% |
| HSBC Financial Services FundHSBC Mutual Fund | 24.59% |
| HSBC Infrastructure FundHSBC Mutual Fund | 23.87% |
As the fund house states it, for Sep 2026.
HSBC Flexi Cap Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV. Paid by the fund's Direct IDCW plan.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. IDCW payout in the glossary
Largest ₹4.15 a unit, Feb 2026.
Every payout
| IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. IDCW yield in the glossary | NAV before | NAV after | ||
|---|---|---|---|---|
| 25 Feb 2026 | ₹4.15 | 8.55% | ₹48.5281 | ₹44.4331 |
| 25 Feb 2025 | ₹3.90 | 8.52% | ₹45.7559 | ₹41.3230 |
All 2 payouts since 25 Feb 2025.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2019
- 30 NovBenchmarkBenchmark: BSE 200 TRI to Nifty 500 TRI
Fund details
Objective
To seek long term capital growth through investments made dynamically across market capitalization (i.e., Large, Mid,and Small Caps). The investment couldbe in any one, two or all three types of market capitalization. The Scheme aims to predominantly invest in equity and equity related securities. However, in line with the asset allocation pattern of the Scheme, it could move its assets between equity and fixed income securities depending on its view on these markets.However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Asset allocation
- Equity and Equity related securities- 65%-100%;Money market instruments and other liquid instruments -0%-35%;
- Units of InvITs-0%- 10%, Units of Gold and Silver ETFs - 0% - 35%
Type of scheme
Flexi Cap Fund – An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
- Benchmark
- NIFTY 500 TRI
- New fund offer
- 22 Jan 2004 to 13 Feb 2004
- Units first allotted
- 24 Feb 2004
- Open for sale again
- 5 Mar 2004
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 120046 | INF336L01DH5 | HSBC_FLEX_CAP_12ELGEC | 2 Jan 2013 | |
| Regular Growth | 102252 | INF336L01AF5 | HSBC_FLEX_CAP_282ER0 | 3 Apr 2006 | |
| Direct IDCW | 120045 | INF336L01DF9 | INF336L01DG7 | HSBC_FLEX_CAP_FMSCS2 | 4 Jan 2013 |
| Regular IDCW | 102251 | INF336L01AE8 | INF336L01AD0 | HSBC_FLEX_CAP_12WZMOM | 3 Apr 2006 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- The Asset as on - September 2026HSBC Mutual Fund, Sep 2026
Statement of additional information
- SAI HSBC Mutual FundHSBC Mutual Fund, Oct 2026
Annual report
- Schemewise Abridged Annual Report for HSBC Conservative Hybrid Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Banking & PSU Debt Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Corporate Bond Fund 2025-2026HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Credit Risk Fund 2025-2026HSBC Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Changes F.Y. 2025-26HSBC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap disclosure Sep 2026HSBC Mutual Fund, Sep 2026