HSBC Flexi Cap Fund

NAV history

Compare with NIFTY 500 TRI

When comparing, both lines start at 100. The fund's declared benchmark, a total-return index (dividends reinvested).

Returns as of 1 Oct 2026

Up to one year: absolute. Longer: annualised. Category = median of Flexi Cap direct-plan Growth funds; index = NIFTY 500 TRI.

Period	This fund	Category median	NIFTY 500 TRI	Rank in category
1 month	-4.62%	-5.52%	-6.32%	—
3 months	-0.10%	-2.70%	-5.14%	—
6 months	+15.13%	+9.82%	+5.07%	—
1 year	+4.14%	+0.20%	-3.80%	#10 of 40 Top 25%
3 years	+14.53%	+11.03%	+9.14%	#8 of 36 Top 23%
5 years	+12.54%	+10.11%	+8.89%	#6 of 27 Top 23%
10 years	+13.06%	+13.05%	+12.66%	—
Since launch of NAV data	+14.72%	—	—	—

NAV high and low

Window	High	Low
1 month	266.2987	253.9975
3 months	268.9236	250.0336
6 months	268.9236	220.6098
1 year	268.9236	215.6594

A period is a dash when the fund has not existed that long or its NAV history has a hole at the start date — never a partial figure.

Calendar-year returns

	2020	2021	2022	2023	2024	2025	YTD
This fund	+17.35%	+35.51%	-3.48%	+32.84%	+29.58%	+2.15%	+2.05%
Category median	+16.49%	+34.19%	+0.74%	+29.48%	+19.49%	+5.19%	-2.73%
NIFTY 500 TRI	+17.89%	+31.60%	+4.25%	+26.91%	+16.24%	+7.76%	-7.72%

The fund's declared benchmark, a total-return index (dividends reinvested).

Tradinity fund score

Twenty checks of five points each: performance, portfolio, operations, and risk against reward. Only checks we have data for are counted.

74/100

Good · based on 19 of 20 checks

Performance20/25

✓ Ranks in the top quarter of its category over 1 year
✓ Ranks in the top quarter of its category over 3 years
✓ Ranks in the top quarter of its category over 5 years
✗ Loses less than its reference index on the index's down days (downside capture 103%)
✓ Keeps pace with its reference index on the index's up days (upside capture 109%)

Portfolio25/25

✓ Largest holding is 10% of the fund or less (largest holding 4.6%)
✓ Top ten holdings are 50% of the fund or less (top ten 24.8%)
✓ Holds at least 20 stocks (86 holdings)
✓ No single sector is more than 35% of the fund (diversified equity categories) (largest sector Private Banks 12.5%)
✓ Portfolio P/E is at or below the category median (portfolio P/E 36.4)

Operations10/20

✓ Has a track record of at least 5 years (13.7 years of NAV history)
✓ Has a track record of at least 10 years
✗ Expense ratio is at or below the category median (expense ratio 1.30%)
✗ Fund size is above the category median (AUM Rs 438 crore)
– Lead manager has run the fund for 3 years or more (manager start date not on record)

Risk and reward15/25

✓ Sharpe ratio is at or above the category median
✓ Sortino ratio is at or above the category median
✗ Volatility is at or below the category median
✗ Worst 3-year fall is no deeper than the category median
✓ Jensen's alpha is positive (alpha 5.19%)

Risk and return ratios 3-year window

Risk-free rate 6.06% (3-year annualised return of the NSE 1-day (overnight) rate index). Benchmark-relative ratios use NIFTY 500 TRI. The fund's declared benchmark, a total-return index (dividends reinvested).

Ratio	This fund	Category median	Against category
Sharpe ratio	0.54	0.33	Better
Sortino ratio	0.73	0.44	Better
Standard deviation	15.79%	14.23%	Worse
Maximum drawdown	-20.48%	-18.47%	Worse
Beta	1.07	0.95	—
R-squared	94.4%	92.2%	—
Jensen's alpha	5.19%	1.90%	Better
Treynor ratio	7.95	4.99	Better
Information ratio	1.39	0.43	Better
Upside capture	109.0%	96.4%	Better
Downside capture	103.3%	93.9%	Worse

SIP returns (monthly instalments, XIRR)

1 year

+5.48%

3 years

+7.39%

5 years

+13.06%

What if you had invested?

Computed from this fund's actual NAVs. A SIP buys at the first NAV of each month and is valued at the latest NAV. Past returns do not guarantee future ones.

Portfolio as of 31 Jul 2026

Weights are % of the scheme's assets from the latest month-end disclosure available to Tradinity. Shown from the Direct plan of this fund, which holds the same portfolio. The feed carries weights only: no quantities or rupee values.

Holdings

86

Top 5 / top 10

15.5% / 24.8%

Largest holding

4.6%

Mapped to Tradinity companies

95%

Portfolio P/E

36.4

category median 39.8

Portfolio ROE

14.8%

category median 16.1%

Portfolio dividend yield

—

category median 1.33%

Largest sector

Private Banks 12.5%

Valuation ratios are weighted over the holdings we can match to a company (harmonic mean for P/E) and are withheld when they cover under half the portfolio.

Asset allocation

Equity	97.19%
Cash & Equivalents	2.81%

Sector allocation

Click a sector to filter the holdings below (holdings map to our sector list where the company is known).

Holdings

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Holding	Sector	Weight	3M change	P/E
ICICI Bank Limited	Financial Services	4.65%	0.32 pp	—
HDFC Bank Limited	Financial Services	3.06%	-0.28 pp	—
Treps	—	2.98%	2.40 pp	—
Reliance Industries Ltd	Oil, Gas & Consumable Fuels	2.73%	-0.43 pp	41.0
Shriram Finance Limited	Financial Services	2.09%	0.11 pp	—
State Bank of India	Financial Services	1.93%	-0.19 pp	—
Coforge Limited	Information Technology	1.93%	0.51 pp	52.7
Karnataka Bank Ltd	Financial Services	1.83%	0.15 pp	—
Axis Bank Limited	Financial Services	1.82%	-0.17 pp	—
Bharti Airtel Ltd	Telecommunication	1.81%	-0.25 pp	67.4
Hindalco Industries Ltd	Metals & Mining	1.77%	0.05 pp	16.1
Samvardhana Motherson International Ltd	Automobile and Auto Components	1.77%	0.25 pp	96.6
Radico Khaitan Limited	Fast Moving Consumer Goods	1.73%	0.10 pp	84.1
TD Power Systems Limited	—	1.67%	-0.63 pp	—
Multi Commodity Exchange of India Limited	Financial Services	1.63%	-0.76 pp	36.5
Larsen and Toubro Ltd	Construction	1.57%	-0.43 pp	71.3
CreditAccess Grameen Ltd	Financial Services	1.57%	0.46 pp	—
Tech Mahindra Limited	Information Technology	1.53%	0.09 pp	39.1
Tata Steel Ltd	Metals & Mining	1.53%	-0.11 pp	13.5
Eternal Limited	Consumer Services	1.52%	-0.09 pp	110.7
PNB Housing Finance Ltd	Financial Services	1.50%	-0.28 pp	—
Ashok Leyland Limited	Capital Goods	1.47%	0.02 pp	25.3
Jindal Steel Ltd	Metals & Mining	1.45%	-0.25 pp	45.5
Cholamandalam Investment and Finance Company Ltd	Financial Services	1.43%	0.15 pp	—
Maruti Suzuki India Ltd	Automobile and Auto Components	1.35%	0.22 pp	26.8
Page Industries Limited	Textiles	1.34%	0.62 pp	53.7
NTPC Ltd	Power	1.32%	-0.29 pp	13.2
R R Kabel Ltd	Capital Goods	1.27%	1.27 pp	47.4
UltraTech Cement Ltd	Construction Materials	1.27%	-0.04 pp	42.6
Endurance Technologies Ltd	Automobile and Auto Components	1.26%	0.13 pp	49.0
Wockhardt Limited	Healthcare	1.23%	-0.02 pp	96.6
Mphasis Ltd	Information Technology	1.19%	0.58 pp	26.3
Hindustan Unilever Ltd	Fast Moving Consumer Goods	1.19%	-0.16 pp	40.7
RBL Bank Ltd	Financial Services	1.19%	0.20 pp	—
MTAR Technologies Limited	Capital Goods	1.18%	-1.32 pp	178.2
Ather Energy Ltd	Automobile and Auto Components	1.18%	-0.09 pp	—
Billionbrains Garage Ventures Ltd	Financial Services	1.17%	1.17 pp	59.9
HDFC Asset Management Company Ltd	Financial Services	1.16%	0.25 pp	—
Lenskart Solutions Ltd	Consumer Services	1.16%	0.80 pp	223.9
TVS Motor Company Limited	Automobile and Auto Components	1.15%	0.02 pp	48.6
Infosys Limited	Information Technology	1.13%	-0.86 pp	13.4
Sun Pharmaceutical Industries Ltd	Healthcare	1.13%	0.04 pp	146.5
Varun Beverages Limited	Fast Moving Consumer Goods	1.12%	-0.61 pp	49.5
Global Health Ltd	Healthcare	1.11%	0.31 pp	76.2
Piramal Finance Ltd	Financial Services	1.07%	0.19 pp	—
Pitti Engineering Ltd	Capital Goods	1.07%	-0.13 pp	41.8
Bharat Heavy Electricals Ltd	Capital Goods	1.04%	1.04 pp	59.9
Mahindra and Mahindra Financial Services Ltd	Financial Services	1.04%	1.04 pp	—
Godrej Consumer Products Ltd	Fast Moving Consumer Goods	1.03%	-0.06 pp	57.1
GE Vernova T&D India Ltd	Capital Goods	1.03%	-0.45 pp	82.4
Kajaria Ceramics Ltd	Consumer Durables	1.01%	1.01 pp	38.4
Lupin Limited	Healthcare	0.98%	-0.01 pp	13.3
Devyani International Limited	Consumer Services	0.97%	-0.15 pp	—
Tata Consumer Products Ltd	Fast Moving Consumer Goods	0.92%	0.92 pp	57.5
LTM Ltd	Information Technology	0.91%	-0.26 pp	24.6
Paradeep Phosphates Ltd	Chemicals	0.89%	0.18 pp	14.9
Hindustan Petroleum Corp Ltd	Oil, Gas & Consumable Fuels	0.84%	0.25 pp	58.3
Motilal Oswal Financial Services Limited	Financial Services	0.84%	-0.76 pp	—
Titan Company Ltd	Consumer Durables	0.83%	0.04 pp	76.4
Diamond Power Infrastructure Ltd	Capital Goods	0.77%	0.77 pp	100.6
Bansal Wire Industries Ltd	Capital Goods	0.74%	-0.23 pp	43.7
Divi's Laboratories Ltd	Healthcare	0.73%	0.11 pp	83.9
Dishman Carbogen Amcis Ltd	Healthcare	0.72%	0.09 pp	—
GK Energy Ltd	Construction	0.72%	-0.03 pp	10.2
Jyoti CNC Automation Ltd	Capital Goods	0.70%	0.70 pp	58.2
Cochin Shipyard Ltd	Capital Goods	0.69%	0.69 pp	58.5
Birla Corporation Ltd	Construction Materials	0.69%	0.06 pp	30.4
Bharat Bijlee Ltd	Capital Goods	0.66%	-0.20 pp	21.2
Awfis Space Solutions Ltd	Services	0.63%	-0.15 pp	24.6
Optiemus Infracom Ltd	Telecommunication	0.61%	0.61 pp	360.4
Persistent Systems Ltd	Information Technology	0.59%	0.05 pp	49.3
Avenue Supermarts Ltd	Consumer Services	0.57%	0.57 pp	74.3
Bharat Electronics Ltd	Capital Goods	0.55%	-0.10 pp	46.4
Hindustan Aeronautics Ltd	Capital Goods	0.55%	0.01 pp	33.6
Gokaldas Exports Limited	Textiles	0.52%	0.05 pp	22.4
Indian Bank	Financial Services	0.50%	-0.39 pp	—
DLF Ltd	Realty	0.48%	0.03 pp	44.2
JSW Energy Ltd	Power	0.48%	-0.56 pp	98.3
Pearl Global Industries Ltd	Textiles	0.46%	0.10 pp	106.6
Oil India Ltd	Oil, Gas & Consumable Fuels	0.45%	-0.34 pp	11.2
Atlanta Electricals Ltd	Capital Goods	0.43%	0.43 pp	24.7
Tarc Ltd	Realty	0.39%	-0.03 pp	—
OnEMI Technology Solutions Ltd	Financial Services	0.36%	0.36 pp	—
IIFL Capital Services Ltd	Financial Services	0.24%	-0.82 pp	—
Manipal Health Enterprises Limited	Healthcare	0.21%	0.21 pp	—
Juniper Green Energy Ltd	Power	0.16%	0.16 pp	—

Fund details

Fund houseHSBC Mutual Fund

AMFI scheme code120046

CategoryEquity › Flexi Cap

AMFI categoryOpen Ended Schemes(Equity Schemes - Flexi Cap Fund)

Plan / optionDirect / Growth

ISININF336L01DH5

NAV history from2 Jan 2013

NAV points on record3,382

Cost and size

Expense ratio (direct, Sep 2026)

1.30%

category median 0.92%

Assets under management

₹438 crore

average, June-2026

Regular plan expense ratio

2.09%

Expense ratio by month: Oct 25 1.17% · Nov 25 1.17% · Dec 25 1.20% · Jan 26 1.19% · Feb 26 1.20% · Mar 26 1.22% · Apr 26 1.49% · May 26 1.38% · Jun 26 1.34% · Jul 26 1.33% · Aug 26 1.31% · Sep 26 1.30%

From the scheme information document

Benchmark: NIFTY 500 TRI
Not Applicable
SEBI riskometer: Very High
Launch (allotment) date: 24 Feb 2004
Registrar: Computer Age Management Services Private Limited
Minimum investment: Rs. 5,000 per application
Minimum additional: 1000
SIP: SIP - 500 Daily 6 ; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1 SWP - 500 STP - 500;The minimum a…
Fund manager(s): FM 1 - Abhishek Gupta, FM 2- Mayank Chaturvedi (For Overseas Investment), FM 3 - Dipan S. Parikh

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

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.

Scheme information document

Fund house: website · factsheets · monthly portfolio · annual report

Not available: Morningstar rating (proprietary). "NAV history from" is the first NAV we hold.

Other plans of this fund

Direct · IDCW₹46.2650
Regular · Growth₹225.6331
Regular · IDCW₹42.1675