HSBC Small Cap Fund

Q: What are the returns of this mutual fund scheme?

The HSBC Small Cap Fund is a 11 yrs 5 m old fund and has delivered average annual returns of 19.9% since inception. HSBC Small Cap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception -11.57% 19.09% 29.01% 18.26% 19.9%

Q: How much does this mutual fund charge as expense ratio?

The HSBC Small Cap Fund has an expense ratio of 1.68% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Sep 29, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹79.1094-0.13% 1 day change	19.9% p.a.	App exclusive #NA View Ranked Funds	₹14,493 Cr

Historical NAV & returns

NAV: ₹79.1094 as on Sep 29, 2025

This fund Category average

HSBC Small Cap Fund overview

AUM (Fund size)	₹14,493 Cr
Exit load	1.0% Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.!
Lock-in Period	Nil
Age	11 yrs 5 m since Apr 22, 2014
Benchmark	NIFTY Smallcap 250 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	1.68% as on Aug 31, 2025
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HSBC Small Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 30, 2025

Period	This fund	Category average
1 Month	-0.68%	-0.38%
3 Months	-5.8%	-3.34%
6 Months	9.01%	10.75%
1 Year	-11.57%	-7.71%
2 Years	12.71%	15.44%
3 Years	19.09%	19.12%
4 Years	16.59%	15.75%
5 Years	29.01%	27.62%
7 Years	18.48%	19.88%
10 Years	18.26%	17.01%

View returns in detail

Asset allocationas on Mar 31, 2025

Large Cap 2.17%

Mid Cap 19.31%

Small Cap 72.23%

Other Cap 0%

Top holdings

Multi Commodity Exchange Of India Ltd.2.23%

Nippon Life India Asset Management Ltd.2.2%

Techno Electric & Engineering Company Ltd.2.2%

Time Technoplast Ltd.1.96%

Top sectors

Capital Goods 16.839999999999996%

Financial 14.59%

Services 11.879999999999999%

Materials 9.18%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 3.64%

Other Holdings

Others 3.64%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Small Cap Fund	-0.68%	9.01%	-11.57%	19.09%	29.01%	18.26%
Nippon India Small Cap Fund	-0.51%	10.81%	-8.83%	22.38%	31.54%	20.9%
Tata Small Cap Fund	-0.35%	8.95%	-9.32%	20.13%	29.03%	14.71%
Bandhan Small Cap Fund	2.14%	13.2%	-5.11%	28.96%	29.84%	16.49%
Invesco India Smallcap Fund	-0.68%	11.41%	-3.79%	24.1%	29.24%	15.03%
Edelweiss Small Cap Fund	-1.02%	10.7%	-7.0%	19.58%	27.98%	15.76%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Small Cap Fund	18.18	0.93	0.69	0.89
Nippon India Small Cap Fund	16.46	0.85	0.94	1.3
Tata Small Cap Fund	16.01	0.79	0.87	1.19
Bandhan Small Cap Fund	17.94	0.92	1.12	1.84
Invesco India Smallcap Fund	16.15	0.8	1.03	1.26
Edelweiss Small Cap Fund	15.9	0.82	0.79	1.11

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Small Cap Fund	N.A.	14,493 Cr	11 yrs 5 m	1.68%
Nippon India Small Cap Fund	N.A.	58,029 Cr	15 yrs 1 m	1.4%
Tata Small Cap Fund	N.A.	10,529 Cr	6 yrs 11 m	1.67%
Bandhan Small Cap Fund	N.A.	11,744 Cr	5 yrs 7 m	1.66%
Invesco India Smallcap Fund	N.A.	7,718 Cr	6 yrs 11 m	1.73%
Edelweiss Small Cap Fund	N.A.	4,921 Cr	6 yrs 8 m	1.82%

View all Small Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.95 vs. 5.05 Underperformed at beating benchmark
Sharpe	0.69 vs. 5.93 Poor risk-adjusted returns
Beta	0.93 vs. 0.74 More sensitive to market's ups & downs
Standard deviation	18.18 vs. 12.64 More volatile performance

Compare HSBC Small Cap Fund in detail with

About this fund

About HSBC Small Cap Fund

HSBC Small Cap Fund is a Small Cap mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 11 yrs 5 m, having been launched on 22/04/2014. HSBC Small Cap Fund has ₹14,493 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Small Cap Fund as of 29/09/2025 is ₹79.11. The fund has an expense ratio of 1.68%, which is higher than what most other Small Cap funds charge.

HSBC Small Cap Fund returns of last 1-year are -11.70%. Since launch, it has delivered 19.25% average annual returns. The fund has doubled the money invested in it every 4 yrs.
HSBC Small Cap Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Capital Goods, Financial, Services, Materials, Consumer Staples sectors. It has taken less exposure in Capital Goods, Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in Multi Commodity Exchange Of India Ltd., Nippon Life India Asset Management Ltd., Techno Electric & Engineering Company Ltd., Time Technoplast Ltd., GE Vernova T&D India Ltd..

...

Fund AUM	14,493 Cr as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Venugopal Manghat

Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance). Prior to joining HSBC Mutual Fund, he has worked with L&T Mutual Fund, Tata Asset Management Ltd.

Investment objective

The Scheme will primarily be a diversified equity fund which will invest predominantly in small cap stocks to generate long term capital appreciation.

HSBC Mutual Fund details

No. of schemes	44 view all schemes
Total AUM	1,29,985 Cr as on Jun 30, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HSBC Infrastructure Fund	N.A.	2,229 Cr	-10.92%	29.27%
HSBC Value Fund	N.A.	12,600 Cr	-4.13%	25.41%
HSBC Business Cycles Fund	N.A.	967 Cr	-5.75%	24.24%
HSBC Midcap Fund	N.A.	11,470 Cr	-3.99%	23.07%
HSBC Large and Mid Cap Fund	N.A.	3,769 Cr	-4.28%	22.06%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Small Cap Fund?

The current Net Asset Value (NAV) of the HSBC Small Cap Fund plan is approximately ₹79.1094 as of Sep 29, 2025.

What are the returns of this mutual fund scheme?

The HSBC Small Cap Fund is a 11 yrs 5 m old fund and has delivered average annual returns of 19.9% since inception.

HSBC Small Cap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
-11.57%	19.09%	29.01%	18.26%	19.9%

How much does this mutual fund charge as expense ratio?

The HSBC Small Cap Fund has an expense ratio of 1.68%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HSBC Small Cap Fund currently has assets under management (AUM) or fund size valued at approximately 14,493 Cr as on Mar 31, 2025.

What are the top stock holdings of HSBC Small Cap Fund?

The HSBC Small Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Multi Commodity Exchange Of India Ltd.	2.23%
Nippon Life India Asset Management Ltd.	2.2%
Techno Electric & Engineering Company Ltd.	2.2%
Time Technoplast Ltd.	1.96%
GE Vernova T&D India Ltd.	1.95%
Karur Vysya Bank Ltd.	1.93%
eClerx Services Ltd.	1.78%
Supreme Petrochem Ltd.	1.72%
Lemon Tree Hotels Ltd.	1.71%
E.I.D. - Parry (India) Ltd.	1.71%

What are the top sectors HSBC Small Cap Fund has invested in?

The HSBC Small Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Capital Goods	16.839999999999996%
Financial	14.59%
Services	11.879999999999999%
Materials	9.18%
Consumer Staples	8.59%
Healthcare	7.66%
Construction	6.630000000000001%
Metals & Mining	4.67%
Automobile	3.8900000000000006%
Textiles	3.1100000000000003%

What is risk level of HSBC Small Cap Fund?

This is a Small Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in HSBC Small Cap Fund?

Redeeming your investments in the HSBC Small Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Small Cap

#NA

Return Outperformance: This fund has generated highest return amongst Small Cap funds in the last 10 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.