Invesco India Large & Mid Cap Fund vs HSBC Large & Mid Cap Fund
Invesco India Large & Mid Cap Fund (Direct) and HSBC Large & Mid 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 Large & Mid Cap Fund schemes — see the best large & mid cap mutual funds for the full ranking.
Head to head
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 04 Apr 2019 – 20 Aug 2026, limited by HSBC Large & Mid 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.
View as table
| Date | Invesco India Large & Mid Cap Fund | HSBC Large & Mid Cap Fund | Nifty Midcap 150 |
|---|---|---|---|
| 04 Apr 2019 | ₹100.00 | ₹100.00 | ₹100.00 |
| 15 Nov 2019 | ₹106.35 | ₹103.48 | ₹95.60 |
| 26 Jun 2020 | ₹93.31 | ₹91.94 | ₹88.73 |
| 06 Feb 2021 | ₹131.55 | ₹133.02 | ₹130.91 |
| 18 Sep 2021 | ₹158.72 | ₹167.81 | ₹173.91 |
| 01 May 2022 | ₹152.08 | ₹161.51 | ₹173.58 |
| 12 Dec 2022 | ₹167.01 | ₹170.40 | ₹189.34 |
| 24 Jul 2023 | ₹180.83 | ₹192.27 | ₹213.25 |
| 05 Mar 2024 | ₹233.63 | ₹237.91 | ₹279.92 |
| 15 Oct 2024 | ₹308.11 | ₹311.45 | ₹342.89 |
| 28 May 2025 | ₹298.67 | ₹280.70 | ₹326.09 |
| 07 Jan 2026 | ₹321.52 | ₹301.70 | ₹350.29 |
| 20 Aug 2026 | ₹354.56 | ₹333.94 | ₹362.41 |
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 →
Invesco India Large & Mid Cap Fund and HSBC Large & Mid Cap Fund share 18% of their equity book by weight.
Shared holdings — Invesco India Large & Mid Cap Fund vs HSBC Large & Mid Cap Fund
| Stock | Invesco India Large & Mid Cap Fund | HSBC Large & Mid Cap Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 6.52% | 7.68% | 6.52% |
| The Federal Bank Ltd | 3.28% | 3.38% | 3.28% |
| Aditya Infotech Ltd. | 3.39% | 3.05% | 3.05% |
| Cholamandalam Investment & Finance Company Ltd | 2.64% | 1.78% | 1.78% |
| BSE Ltd | 3.34% | 1.15% | 1.15% |
| Meesho Ltd. | 1.79% | 1.08% | 1.08% |
| ABB India Ltd | 3.86% | 0.50% | 0.50% |
| FSN E-Commerce Ventures Ltd | 0.18% | 3.68% | 0.18% |
| Bharti Airtel Ltd | 1.59% | 0.16% | 0.16% |
| Safari Industries (India) Ltd | 0.31% | 0.06% | 0.06% |
| Sai Life Sciences Ltd. | 4.78% | 0.03% | 0.03% |
| Zomato Ltd | 7.44% | 0.01% | 0.01% |
12 shared of 41 / 80 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹132.96 Very High risk ★★★★★ | HSBC · Direct NAV ₹33.35 Very High risk ★★★☆☆ | Category median Large & Mid Cap Fund · 36 funds |
|---|---|---|---|
| +8.24% | +12.85%Best in row | +6.71% | |
| +24.84%Best in row | +20.20% | +16.28% | |
| +19.03%Best in row | +16.60% | +15.15% | |
| +17.58% | — | +15.07% | |
| +18.06%Best in row | +17.75% | +15.33% | |
| +21.11%Best in row | +17.80% | — | |
| +17.94% | +20.96%Best in row | +17.48% | |
| +17.13% | +21.70%Best in row | +16.77% | |
| +17.43% | — | +16.31% | |
| Risk | |||
| 16.62%Best in row | 17.60% | 14.81% | |
| 1.10Best in row | 0.78 | 0.61 | |
| 1.56Best in row | 1.04 | 0.82 | |
| -35.31%Best in row | -36.10% | -35.67% | |
| +6.74%Best in row | +2.51% | +0.30% | |
| 111.7%Best in row | 100.3% | 84.1% | |
| 86.5%Best in row | 89.5% | 78.7% | |
| 0.80%Best in row | 1.45% | 1.07% | |
| ₹11,746Cr | ₹5,479Cr | ₹3,576Cr | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹5.00K | — | |
| 40% | 44% | 42% | |
| Aditya Khemani · 2.8y | Cheenu Gupta · 3.7y | — | |
| 02 Jan 2013 | 04 Apr 2019 | — | |
| 41 | 80 | — | |
| 53.4% | 35.7% | — | |
| 0.8% | 4.4% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150
- Beta
- 0.95
- 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 — Invesco India Large & Mid Cap Fund or HSBC Large & Mid Cap Fund?
Over the last 3 years, Invesco India Large & Mid Cap Fund returned +24.84% CAGR against HSBC Large & Mid Cap Fund's +20.20%, computed from AMFI NAV history. Over 5 years: Invesco India Large & Mid Cap Fund +19.03% vs HSBC Large & Mid Cap Fund +16.60% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Large & Mid Cap Fund or HSBC Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund has the lower expense ratio: Invesco India Large & Mid Cap Fund charges 0.80% a year against HSBC Large & Mid Cap Fund's 1.45%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Invesco India Large & Mid Cap Fund or HSBC Large & Mid Cap Fund?
HSBC Large & Mid Cap Fund has shown higher volatility (+17.60% annualized vs Invesco India Large & Mid Cap Fund's +16.62%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Invesco India Large & Mid Cap Fund -18.60% vs HSBC Large & Mid Cap Fund -25.08%.
Which fund manages more money — Invesco India Large & Mid Cap Fund or HSBC Large & Mid Cap Fund?
Invesco India Large & Mid Cap Fund is the larger fund: Invesco India Large & Mid Cap Fund manages ₹11,746Cr against HSBC Large & Mid Cap Fund's ₹5,479Cr 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 Invesco India Large & Mid Cap Fund and HSBC Large & Mid Cap Fund in the same category?
Yes — both are Large & Mid 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.