Axis Multicap Fund vs HSBC Multi Cap Fund
Axis Multicap Fund (Direct) and HSBC Multi Cap Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Multi Cap Fund schemes — see the best multi cap mutual funds for the full ranking.
Head to head
NAVs as of 05 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 03 Feb 2023 – 05 Oct 2026, limited by HSBC Multi Cap Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
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| Date | Axis Multicap Fund | HSBC Multi Cap Fund | Nifty 500 TRI |
|---|---|---|---|
| 03 Feb 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 26 May 2023 | ₹107.04 | ₹107.99 | ₹105.36 |
| 14 Sep 2023 | ₹123.64 | ₹128.37 | ₹118.63 |
| 04 Jan 2024 | ₹139.94 | ₹148.79 | ₹132.20 |
| 25 Apr 2024 | ₹153.72 | ₹167.10 | ₹141.65 |
| 14 Aug 2024 | ₹176.86 | ₹186.46 | ₹154.39 |
| 04 Dec 2024 | ₹188.63 | ₹195.98 | ₹157.83 |
| 26 Mar 2025 | ₹170.12 | ₹171.42 | ₹145.90 |
| 15 Jul 2025 | ₹188.93 | ₹193.99 | ₹161.36 |
| 04 Nov 2025 | ₹194.27 | ₹198.86 | ₹163.51 |
| 24 Feb 2026 | ₹189.74 | ₹194.86 | ₹161.52 |
| 15 Jun 2026 | ₹194.37 | ₹201.55 | ₹159.21 |
| 05 Oct 2026 | ₹203.82 | ₹205.98 | ₹153.29 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
- 62 stocks only in Axis Multicap Fund
- 50 stocks in both — 45.0% of each portfolio by weight
- 51 stocks only in HSBC Multi Cap Fund
The more the circles overlap, the more the funds hold the same stocks.
Axis Multicap Fund and HSBC Multi Cap Fund share 45% of their equity book by weight.
Shared holdings — Axis Multicap Fund vs HSBC Multi Cap Fund
| Stock | Axis Multicap Fund | HSBC Multi Cap Fund | |
|---|---|---|---|
| HDFC Bank Limited | 2.76% | 2.85% | 2.76% |
| ICICI Bank Limited | 3.62% | 2.34% | 2.34% |
| Apar Industries Limited | 2.10% | 2.43% | 2.10% |
| TD Power Systems Limited | 1.73% | 3.07% | 1.73% |
| Shriram Finance Limited | 2.44% | 1.56% | 1.56% |
| Larsen & Toubro Limited | 1.48% | 1.63% | 1.48% |
| Eternal Limited | 2.16% | 1.45% | 1.45% |
| Multi Commodity Exchange of India Limited | 2.06% | 1.44% | 1.44% |
| State Bank of India | 1.35% | 1.99% | 1.35% |
| Radico Khaitan Limited | 1.28% | 1.88% | 1.28% |
| Sai Life Sciences Limited | 1.27% | 2.02% | 1.27% |
| GE Vernova T&D India Limited | 1.53% | 1.24% | 1.24% |
| Reliance Industries Limited | 1.22% | 2.02% | 1.22% |
| Bharti Airtel Limited | 1.46% | 1.19% | 1.19% |
| The Federal Bank Limited | 1.18% | 2.62% | 1.18% |
35 more stocks in common. 50 shared of 112 / 101 positions. Weights are shown as a share of each fund's equity book.
| Metric | Axis · Direct NAV ₹20.26 Very High risk ★★★★★ | HSBC · Direct NAV ₹20.63 Very High risk ★★★★☆ | Category median Multi Cap Fund · 33 funds |
|---|---|---|---|
| +7.67%Best in row | +6.75% | +4.14% | |
| +18.51%Best in row | +17.34% | +13.66% | |
| +15.88% | +21.77% | +14.31% | |
| +16.83%Best in row | +13.79% | — | |
| +22.44%Best in row | +21.44% | +17.88% | |
| Risk | |||
| 14.92%Best in row | 16.29% | 14.91% | |
| 0.81Best in row | 0.67 | 0.49 | |
| 1.10Best in row | 0.90 | 0.66 | |
| -18.08% | -20.07% | -19.95% | |
| +8.18%Best in row | +6.75% | +3.74% | |
| 0.98 | 1.05 | 1.00 | |
| 123.9% | 123.3% | 109.9% | |
| 88.1%Best in row | 95.4% | 95.2% | |
| 1.00% | 0.79%Best in row | 0.97% | |
| ₹9,775Cr | ₹5,538Cr | ₹3,248Cr | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹5.00K | — | |
| 56% | 46% | 67% | |
| Shreyash Devalkar | Venugopal Manghat · 3.7y | — | |
| 23 Dec 2021 | 03 Feb 2023 | — | |
| 112 | 101 | — | |
| 23.3% | 22.9% | — | |
| 1.5% | 1.8% | — | |
7 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
- —
- 5Y rolling avg
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty 500 TRI
- Exit load
- Up to 1.00%
- Lock-in
- None
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Axis Multicap Fund or HSBC Multi Cap Fund?
Over the last 3 years, Axis Multicap Fund returned +18.51% CAGR against HSBC Multi Cap Fund's +17.34%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Axis Multicap Fund or HSBC Multi Cap Fund?
HSBC Multi Cap Fund has the lower expense ratio: Axis Multicap Fund charges 1.00% a year against HSBC Multi Cap Fund's 0.79%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Axis Multicap Fund or HSBC Multi Cap Fund?
HSBC Multi Cap Fund has shown higher volatility (+16.29% annualized vs Axis Multicap Fund's +14.92%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Axis Multicap Fund -18.08% vs HSBC Multi Cap Fund -20.07%.
Which fund manages more money — Axis Multicap Fund or HSBC Multi Cap Fund?
Axis Multicap Fund is the larger fund: Axis Multicap Fund manages ₹9,775Cr against HSBC Multi Cap Fund's ₹5,538Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Axis Multicap Fund and HSBC Multi Cap Fund in the same category?
Yes — both are Multi Cap Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.