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 01 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 04 Apr 2019 – 01 Oct 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.
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| Date | Invesco India Large & Mid Cap Fund | HSBC Large & Mid Cap Fund | Nifty Midcap 150 TRI |
|---|---|---|---|
| 04 Apr 2019 | ₹100.00 | ₹100.00 | ₹100.00 |
| 18 Nov 2019 | ₹106.13 | ₹103.72 | ₹96.91 |
| 03 Jul 2020 | ₹94.99 | ₹93.19 | ₹90.20 |
| 16 Feb 2021 | ₹135.47 | ₹138.19 | ₹139.55 |
| 02 Oct 2021 | ₹157.57 | ₹166.89 | ₹181.56 |
| 18 May 2022 | ₹142.77 | ₹150.32 | ₹169.25 |
| 02 Jan 2023 | ₹163.49 | ₹167.41 | ₹193.64 |
| 18 Aug 2023 | ₹181.97 | ₹192.08 | ₹231.30 |
| 02 Apr 2024 | ₹240.32 | ₹241.68 | ₹299.74 |
| 16 Nov 2024 | ₹281.25 | ₹283.34 | ₹330.99 |
| 02 Jul 2025 | ₹320.37 | ₹294.15 | ₹363.03 |
| 15 Feb 2026 | ₹318.03 | ₹301.64 | ₹363.95 |
| 01 Oct 2026 | ₹335.09 | ₹317.33 | ₹361.53 |
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 →
- 29 stocks only in Invesco India Large & Mid Cap Fund
- 14 stocks in both — 19.4% of each portfolio by weight
- 66 stocks only in HSBC Large & Mid Cap Fund
The more the circles overlap, the more the funds hold the same stocks.
Invesco India Large & Mid Cap Fund and HSBC Large & Mid Cap Fund share 19% 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 Limited | 7.51% | 7.04% | 7.04% |
| The Federal Bank Limited | 3.16% | 3.17% | 3.16% |
| InterGlobe Aviation Limited | 7.59% | 2.58% | 2.58% |
| Aditya Infotech Limited | 2.96% | 2.41% | 2.41% |
| Meesho Ltd | 1.71% | 3.35% | 1.71% |
| Cholamandalam Investment and Finance Company Limited | 2.45% | 1.60% | 1.60% |
| Prestige Estates Projects Limited | 4.97% | 0.59% | 0.59% |
| FSN E-Commerce Ventures Limited | 0.18% | 2.62% | 0.18% |
| BSE Limited | 2.53% | 0.05% | 0.05% |
| Safari Industries (India) Limited | 0.27% | 0.05% | 0.05% |
| Sai Life Sciences Limited | 5.06% | 0.04% | 0.04% |
| ABB India Limited | 4.64% | 0.02% | 0.02% |
| Eternal Limited | 8.26% | 0.01% | 0.01% |
| Bharti Airtel Limited | 1.81% | 0.01% | 0.01% |
14 shared of 43 / 80 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹125.66 Very High risk ★★★★★ | HSBC · Direct NAV ₹31.69 Very High risk ★★★☆☆ | Category median Large & Mid Cap Fund · 36 funds |
|---|---|---|---|
| +5.93% | +7.29%Best in row | +0.71% | |
| +21.14%Best in row | +16.20% | +11.90% | |
| +16.29%Best in row | +13.72% | +11.51% | |
| +16.90% | — | +14.12% | |
| +17.42% | +16.66% | +14.18% | |
| +17.98%Best in row | +14.95% | — | |
| +17.92% | +20.80%Best in row | +17.48% | |
| +17.08% | +21.28%Best in row | +16.67% | |
| +17.38% | — | +16.29% | |
| Risk | |||
| 16.73%Best in row | 17.71% | 14.76% | |
| 0.88Best in row | 0.55 | 0.37 | |
| 1.23Best in row | 0.73 | 0.50 | |
| -35.31% | -36.10% | -35.67% | |
| +7.04%Best in row | +2.68% | -0.36% | |
| 0.94 | 0.95 | 0.84 | |
| 112.3%Best in row | 101.1% | 83.2% | |
| 86.7%Best in row | 90.5% | 80.1% | |
| 0.79%Best in row | 1.34% | 1.08% | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹5.00K | — | |
| 28% | 156% | 66% | |
| Aditya Khemani · 2.9y | Cheenu Gupta | — | |
| 02 Jan 2013 | 04 Apr 2019 | — | |
| 43 | 85 | — | |
| 54.4% | 37.0% | — | |
| 0.1% | 0.7% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150 TRI
- Fund size (AUM)
- —
- 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 +21.14% CAGR against HSBC Large & Mid Cap Fund's +16.20%, computed from AMFI NAV history. Over 5 years: Invesco India Large & Mid Cap Fund +16.29% vs HSBC Large & Mid Cap Fund +13.72% 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 0.79% a year against HSBC Large & Mid Cap Fund's 1.34%. 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 (+17.71% annualized vs Invesco India Large & Mid Cap Fund's +16.73%), 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%.
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.