HSBC Focused Fund Direct IDCW NAV today
AMFI: 148412ISIN: INF336L01PC0MUTF_IN: HSBC_FOCU_DIR_389WO0HSBC Mutual FundFocused funds
NAV ₹19.9242
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹1,751 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.
- 1.08%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 make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 31.630 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.
- 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.
- 2830 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 22 Jul 2020
HSBC Focused Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing 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). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | 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. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | 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. |
|---|---|---|---|---|---|
| 1 week | −5.61% | −3.77% | – | – | – |
| 1 month | −10.06% | −6.54% | 27 of 28 | −6.62% | −8.4% to −5.9% |
| 3 months | −5.12% | −6.53% | 14 of 28 | −5.13% | −6.7% to −3.8% |
| 6 months | −2.62% | −5.44% | 14 of 28 | −2.76% | −4.7% to +0.3% |
| 1 year | −2.67% | −8.97% | 7 of 28 | −5.66% | −9.0% to −3.1% |
| 3 years | +12.14% | +9.29% | 9 of 27 | +11.55% | +8.6% to +13.0% |
| 5 years | +9.58% | +7.90% | 12 of 25 | +9.28% | +7.9% to +10.2% |
| 10 years | Needs 10 years | – | – | +12.54% | +11.8% to +13.9% |
₹10,000 put in on 29 Jul 2020 is ₹26,899 at the NAV of 23 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.Over 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 Focused funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing 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). | 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. |
|---|---|---|
| 1 year | +8.19% | −2.03% |
| 3 years | +13.90% | +9.50% |
| 5 years | +11.01% | +9.04% |
| Since launch | +17.01% | +16.66% |
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 TRIBenchmark 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.
- Loss
Highest year to Dec 2021, +31.9%; lowest year to Dec 2022, −0.4%Above the benchmark in 3 of 5 years
HSBC Focused Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | 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. | 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. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,16,135₹1,16,129 after stamp duty | −6.17% | −6.18% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,78,708₹3,78,689 after stamp duty | +3.37% | +3.36% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,64,213₹7,64,175 after stamp duty | +9.69% | +9.69% | ₹30 | |
| Since Jul 202075 instalments | ₹7,50,000 | ₹10,83,083₹10,83,029 after stamp duty | +11.69% | +11.69% | ₹38 |
10 years: Launched 22 Jul 2020, needs 10 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 29 Jul 2020 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,291 windows−7.2%+17.9%+71.4%89.2%
3 years796 windows+11.2%+18.4%+25.0%100.0%
5 years305 windows+9.6%+16.4%+22.8%100.0%
10 yearsLaunched 22 Jul 2020, needs 11 years of history
Every 3 and 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
HSBC Focused 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.
- 1.18 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.
- 1.08%Over the last 30 days filed
- Regular, 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.
- 2.26%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.21%, May 2026.Direct plan lowest 0.82%, Dec 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. | 0.79% | 1.79% |
| Brokerage | 0.05% | 0.05% |
| Transaction costs | None | None |
| Statutory levies | 0.24% | 0.42% |
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
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 A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit load will be chargeable in case of switches made between different options of the Scheme. No Exit load will be chargeable in case of Units allotted on account of dividend reinvestments, if any.MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹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.
- None
- SIP instalments, at least
- Daily - 6 installments; Weekly - 6 installments ; Monthly - 6 installments; Quarterly - 4 installments
As listed for this plan on 24 Oct 2026.
HSBC Focused 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.
- ₹1,787 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.
- 6.2%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 Sep 2020.
Assets at each month end
Highest ₹1,843 Cr, Aug 2026.Lowest ₹485 Cr, Jun 2022.
HSBC Focused 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. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | 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. | |||
|---|---|---|---|---|---|
| ICICI BankBanks | Large cap5th | 7.78% | 136.14 | 10,30,000 | May 2023or earlier |
| HDFC BankBanks | Large cap2nd | 6.48% | 113.39 | 16,00,000 | Feb 2025 |
| Shriram FinanceFinance | Large cap42nd | 4.35% | 76.16 | 7,75,000 | Jun 2023 |
| Larsen & ToubroConstruction | Large cap8th | 4.30% | 75.20 | 2,00,000 | Feb 2026 |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 4.24% | 74.26 | 2,25,000 | Sep 2023 |
| Reliance IndustriesPetroleum Products | Large cap1st | 4.07% | 71.22 | 6,00,000 | Mar 2026 |
| Shadowfax TechnologiesTransport Services | Small cap589th | 4.00% | 70.06 | 25,00,000 | Jan 2026 |
| TVS Motor CompanyAutomobiles | Large cap49th | 3.99% | 69.80 | 1,70,000 | Feb 2025 |
| InfosysIT - Software | Large cap9th | 3.69% | 64.62 | 6,50,000 | May 2023or earlier |
| Nippon Life India Asset ManagementCapital Markets | Mid cap172nd | 3.67% | 64.20 | 6,00,000 | Mar 2025 |
| EternalRetailing | Large cap37th | 3.66% | 64.00 | 20,00,000 | Aug 2025 |
| Blue StarConsumer Durables | Mid cap237th | 3.47% | 60.72 | 4,00,000 | May 2023or earlier |
| GE Vernova T&D IndiaElectrical Equipment | Mid cap109th | 3.36% | 58.81 | 1,40,000 | Dec 2024or earlier |
| Kalyan Jewellers IndiaConsumer Durables | Mid cap219th | 3.16% | 55.32 | 10,00,000 | Dec 2024or earlier |
| KEI IndustriesIndustrial Products | Mid cap208th | 3.05% | 53.46 | 1,20,000 | May 2023or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Treps | 3.75% | 65.57 |
| Net Current Assets (including cash & bank balances) | −0.21% | −3.61 |
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.
- 7.78%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 27.15%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 46.57%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 24.7Taken over 96.46% 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.- Indian shares96.46%
- Cash and receivables3.54%
Per cent of the fund's net assets.
Large, mid and small cap
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 cap47.38%Category 61.82%
- Mid cap32.71%Category 20.05%
- Small cap13.89%Category 16.74%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 5.81% of the fund. Category is the average of 28 Focused 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.11sectors
- Financial Services31.53%Category 31.13%
- Capital Goods14.97%Category 9.40%
- Healthcare10.01%Category 7.59%
- Automobile And Auto Components9.29%Category 7.93%
- Consumer Durables6.63%Category 2.79%
- Consumer Services5.80%Category 6.26%
- Construction4.30%Category 2.20%
- Oil Gas & Consumable Fuels4.07%Category 2.97%
- Services4.00%Category 3.24%
- Information Technology3.69%Category 4.44%
- Fast Moving Consumer Goods2.17%Category 3.04%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 28 Focused funds. Category average. The sector's weight, less the futures sold on it, averaged over the 28 Focused 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 Services7 companies | 31.53% | 31.86% | 32.38% | 35.76% | 34.36% | 34.59% | 33.99% | 36.63% | 37.32% | 37.66% | 37.00% | 34.38% | |
| Capital Goods5 companies | 14.97% | 15.23% | 10.80% | 12.73% | 11.19% | 10.23% | 9.77% | 11.74% | 10.40% | 13.70% | 12.61% | 13.13% | |
| Healthcare4 companies | 10.01% | 9.45% | 8.90% | 7.86% | 7.71% | 7.01% | 9.07% | 9.09% | 8.70% | 8.92% | 9.53% | 9.63% | |
| Automobile And Auto Components3 companies | 9.29% | 9.19% | 6.60% | 5.62% | 5.69% | 5.71% | 3.84% | 3.89% | 3.75% | 3.68% | 3.48% | 3.70% | |
| Consumer Durables2 companies | 6.63% | 5.64% | 6.31% | 5.07% | 4.95% | 5.64% | 5.76% | 5.86% | 5.44% | 6.06% | 6.24% | 6.62% | |
| Consumer Services2 companies | 5.80% | 5.85% | 5.82% | 5.15% | 5.28% | 5.36% | 5.69% | 5.95% | 6.47% | 7.02% | 6.77% | 7.32% | |
| Construction1 company | 4.30% | 4.39% | 4.44% | 4.81% | 4.85% | 4.78% | 4.70% | 5.05% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Oil Gas & Consumable Fuels1 company | 4.07% | 4.16% | 6.48% | 6.24% | 6.78% | 7.98% | 8.87% | 3.30% | 3.23% | 2.80% | 2.82% | 2.99% | |
| Services1 company | 4.00% | 3.65% | 4.11% | 4.20% | 3.68% | 3.16% | 2.47% | 3.23% | 3.49% | 1.47% | 1.50% | 1.55% | |
| Information Technology1 company | 3.69% | 4.00% | 4.14% | 3.19% | 3.80% | 3.87% | 4.61% | 4.22% | 5.90% | 5.64% | 4.98% | 6.29% | |
| Fast Moving Consumer Goods1 company | 2.17% | 2.25% | 1.78% | 4.25% | 4.42% | 4.73% | 4.94% | 4.89% | 5.00% | 4.85% | 4.90% | 4.94% | |
| Telecommunication | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
- 0
- 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.
- 0
- 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.
- 3
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 2
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 23
- 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.
- 0.00%
- 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.
- 3.93%
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). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Blue Star | Added | 3.47% | 2.38% | +1.09 pts | +1,00,000 |
| HDFC Bank | Added | 6.48% | 5.77% | +0.71 pts | +1,00,000 |
| Multi Commodity Exchange of India | Trimmed | 4.24% | 4.61% | −0.37 pts | −25,000 |
| GE Vernova T&D India | Added | 3.36% | 3.01% | +0.35 pts | +15,000 |
| Shadowfax Technologies | Trimmed | 4.00% | 3.65% | +0.35 pts | −1,00,000 |
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 | 8.66% | 8.86% | 8.60% | 8.94% | 8.96% | 8.33%Cut | 7.75% | 7.71% | 8.22% | 8.34% | 8.13% | 7.78% |
 HDFC Bank | 9.25% | 9.35% | 9.23% | 8.92% | 8.39% | 7.36%Cut | 6.90% | 6.65% | 6.94% | 6.33% | 5.77% | 6.48%Added |
 Shriram Finance | 5.06%Cut | 4.94%Cut | 5.80% | 5.81%Cut | 6.06% | 5.09%Cut | 4.47%Cut | 4.51% | 4.84% | 4.72% | 4.67%Cut | 4.35% |
 Larsen & Toubro | – | – | – | – | 5.05%Bought again | 4.70% | 4.78% | 4.85% | 4.81% | 4.44% | 4.39% | 4.30% |
 Multi Commodity Exchange of India | 4.06% | 4.38% | 4.86% | 4.55%Cut | 4.33% | 4.81% | 4.69%Cut | 4.66% | 4.36% | 4.02% | 4.61%Cut | 4.24%Cut |
 Reliance Industries | – | – | – | – | – | 5.05%Bought again | 4.77% | 4.41% | 4.20% | 4.43%Added | 4.16% | 4.07% |
 Shadowfax Technologies | – | – | – | 2.05%Bought | 2.29% | 2.47% | 3.16% | 3.68% | 4.20% | 4.11%Cut | 3.65%Cut | 4.00%Cut |
 TVS Motor Company | 3.70%Cut | 3.48%Cut | 3.68% | 3.75% | 3.89% | 3.84% | 3.54% | 3.40% | 3.41% | 4.14% | 4.00% | 3.99% |
 Infosys | 4.77% | 4.98% | 5.64%Added | 5.90% | 4.22%Cut | 4.61% | 3.87% | 3.80% | 3.19% | 4.14%Added | 4.00% | 3.69% |
 Nippon Life India Asset Management | 4.35%Cut | 4.32% | 4.10%Cut | 4.21% | 4.40% | 4.30% | 4.21%Cut | 4.59% | 4.72% | 3.93%Cut | 3.82% | 3.67% |
 Eternal | 3.72% | 3.48% | 3.24% | 3.28% | 2.91% | 3.07% | 2.94% | 2.98% | 3.07% | 3.41% | 3.56% | 3.66% |
 Blue Star | 3.40% | 3.07% | 3.02% | 3.27% | 3.44% | 3.24% | 3.18% | 2.84% | 2.83% | 2.85% | 2.38% | 3.47%Added |
 GE Vernova T&D India | 4.45% | 4.18% | 4.56% | 4.36%Cut | 4.55%Cut | 4.52%Cut | 4.26%Cut | 4.60%Cut | 3.87%Cut | 3.05%Cut | 3.01% | 3.36%Added |
 Kalyan Jewellers India | 2.98% | 2.93% | 2.82% | 2.17% | 2.42% | 2.52% | 2.46% | 2.11% | 2.24% | 3.46% | 3.26% | 3.16% |
 KEI Industries | 4.13% | 4.21% | 4.54% | 3.98%Cut | 4.50%Cut | 3.66%Cut | 3.91% | 4.23% | 4.25% | 3.38%Cut | 3.74% | 3.05% |
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 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Focused funds (27 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.17.16%
13.37%Lowest15.89%Average19.67%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.11.28%
7.80%Lowest10.21%Average12.41%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.0.50
0.09Lowest0.40Average0.77Highest
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.0.72
0.11Lowest0.59Average1.25Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
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.1.02
0.81Lowest0.95Average1.13Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+4.35 pts
−2.80 ptsLowest+1.69 ptsAverage of 18 funds+7.05 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.87.2
68.4Lowest88.8Average96.5Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.93
0.83Lowest0.94Average0.98Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.112.5%
88.3%Lowest103.6%Average131.1%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.93.9%
60.5%Lowest90.4%Average128.8%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.77
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. | 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. |
|---|---|---|---|---|
| 1 year | −13.87% | 7 Jan 2026 | 23 Mar 2026 | 19 Jun 2026 |
| 3 years | −20.70% | 11 Dec 2024 | 3 Mar 2025 | 23 Dec 2025 |
| 5 years and since Jul 2020 | −21.21% | 17 Jan 2022 | 17 Jun 2022 | 7 Jun 2023 |
Risk level by month
| Months | FundRiskometer. 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. | 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. |
|---|---|---|
| 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 Focused 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. | 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. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | 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 before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | 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. | ||
|---|---|---|---|---|---|---|---|---|
| Neelotpal SahaiPrimary; For Equity | Jul 2020 | +18.34%a year | +16.66% | +1.68 pts | – | – | 3 | ₹4,979 Cr |
| Sonal GuptaPrimary - For Equity; For Equity | 12/2023 | – | – | – | – | – | 4 | ₹2,703 Cr₹953 Cr alone |
| Mayank ChaturvediFor Overseas Investment | Oct 2025 | +5.39%a year | −1.89% | +7.28 pts | 8.8% | 18.7% | 19 | ₹94,800 Cr |
| Dipan S. ParikhFor Investment in Gold / Silver ETFs | Aug 2026 | −6.32%over 51 days | −5.42% | −0.90 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.
Other funds they run
| Fund | 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. | 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. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| HSBC Large Cap FundNeelotpal Sahai | May 2013 | +12.70%a year | +12.32% | +0.39 pts | ₹1,755 Cr |
| HSBC Balanced Advantage FundNeelotpal Sahai | Nov 2022 | +9.98%a year | – | – | ₹1,474 Cr |
| HSBC Global Emerging Markets FundSonal Gupta | Dec 2022 | +20.15%a year | – | – | ₹513 Cr |
| HSBC Brazil FundSonal Gupta | Dec 2022 | +17.02%a year | – | – | ₹353 Cr |
| HSBC Asia Pacific (Ex Japan) Dividend Yield FundSonal Gupta | Dec 2022 | +19.96%a year | – | – | ₹86 Cr |
| HSBC Small Cap FundMayank Chaturvedi | Oct 2025 | +10.22%a year | +4.95% | +5.27 pts | ₹18,513 Cr |
| HSBC Midcap FundMayank Chaturvedi | Oct 2025 | +14.84%a year | +2.94% | +11.90 pts | ₹16,800 Cr |
| HSBC Value FundMayank Chaturvedi | Oct 2025 | +2.31%a year | −1.89% | +4.20 pts | ₹14,660 Cr |
| HSBC Multi Cap FundMayank Chaturvedi | Oct 2025 | +5.85%a year | −0.01% | +5.86 pts | ₹6,380 Cr |
| HSBC Large & Mid Cap FundMayank Chaturvedi | Oct 2025 | +7.42%a year | −0.62% | +8.04 pts | ₹5,784 Cr |
Up to ten funds a manager, largest first. 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. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Edelweiss Focused FundEdelweiss Mutual Fund | 42.99% | 11 |
| UTI Focused Fund (30 stocks)UTI Mutual Fund | 38.27% | 10 |
| Kotak Focused FundKotak Mahindra Mutual Fund | 36.74% | 10 |
| Canara Robeco Focused FundCanara Robeco Mutual Fund | 34.64% | 9 |
| Union Focused FundUnion Mutual Fund | 32.93% | 9 |
| Mirae Asset Focused FundMirae Asset Mutual Fund | 29.03% | 7 |
| Aditya Birla Sun Life Focused FundAditya Birla Sun Life Mutual Fund | 28.82% | 8 |
| Invesco India Focused FundInvesco Mutual Fund | 28.51% | 6 |
| Axis Focused FundAxis Mutual Fund | 28.17% | 8 |
| Franklin India Focused Equity FundFranklin Templeton Mutual Fund | 28.15% | 7 |
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
| 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. | |
|---|---|
| HSBC Large Cap FundHSBC Mutual Fund | 43.78% |
| HSBC ELSS Tax saver FundHSBC Mutual Fund | 29.86% |
| HSBC Business Cycles FundHSBC Mutual Fund | 29.84% |
| HSBC Financial Services FundHSBC Mutual Fund | 27.99% |
| HSBC Large & Mid Cap FundHSBC Mutual Fund | 25.21% |
| HSBC Flexi Cap FundHSBC Mutual Fund | 25.19% |
| HSBC Multi Cap FundHSBC Mutual Fund | 23.83% |
| HSBC Value FundHSBC Mutual Fund | 21.57% |
| HSBC India Export Opportunities FundHSBC Mutual Fund | 18.90% |
| HSBC Infrastructure FundHSBC Mutual Fund | 17.80% |
As the fund house states it, for Sep 2026.
HSBC Focused 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 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.
Largest ₹2.00 a unit, Jul 2026.
Every payout
| IDCW 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 yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 27 Jul 2026 | ₹2.00 | 8.69% | ₹23.0252 | ₹21.0897 |
| 25 Jul 2025 | ₹2.00 | 8.43% | ₹23.7153 | ₹21.6630 |
All 2 payouts since 25 Jul 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
2021
- 31 DecBenchmarkBenchmark: BSE 200 TRI to Nifty 500 TRI
Fund details
Objective
To seek long term capital growth through investments in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalization. However, there is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Equities and Equity related securities- 80%-100%;
- Money market instruments and other liquid instruments -0%-20%;
- Units issued by InvITs-0%- 10%;
- Units of Gold and Silver ETFs - 0%- 20%
* Subject to overall limit of 30 stocks across market capitalization.
Type of scheme
An open-ended equity scheme investing in maximum 30 stocks (i.e. Multi cap)
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty 500 TRI
- New fund offer
- 1 Jul 2020 to 15 Jul 2020
- Units first allotted
- 22 Jul 2020
- Open for sale again
- 29 Jul 2020
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 148411 | INF336L01PB2 | HSBC_FOCU_DIR_1QTMKFI | 29 Jul 2020 | |
| Regular Growth | 148409 | INF336L01PE6 | HSBC_FOCU_REG_1CX3OCK | 29 Jul 2020 | |
| Direct IDCW | 148412 | INF336L01PC0 | INF336L01PD8 | HSBC_FOCU_DIR_389WO0 | 29 Jul 2020 |
| Regular IDCW | 148410 | INF336L01PF3 | INF336L01PG1 | HSBC_FOCU_REG_1N19R48 | 29 Jul 2020 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- The Asset as on - September 2026 (opens in a new tab)HSBC Mutual Fund, Sep 2026
Statement of additional information
- SAI HSBC Mutual Fund (opens in a new tab)HSBC Mutual Fund, Oct 2026
Annual report
- Schemewise Abridged Annual Report for HSBC Conservative Hybrid Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Banking & PSU Debt Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Corporate Bond Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
- Schemewise Abridged Annual Report for HSBC Credit Risk Fund 2025-2026 (opens in a new tab)HSBC Mutual Fund, Mar 2026
Riskometer disclosure
- Riskometer Changes F.Y. 2025-26 (opens in a new tab)HSBC Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap disclosure Sep 2026 (opens in a new tab)HSBC Mutual Fund, Sep 2026