Invesco India Mid Cap Fund vs HSBC Midcap Fund
Invesco India Mid Cap Fund (Direct) and HSBC Midcap 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 Mid Cap Fund schemes — see the best mid cap mutual funds for the full ranking.
Head to head
NAVs as of 14 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 14 Oct 2026, limited by HSBC Midcap 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 Mid Cap Fund | HSBC Midcap Fund | Nifty Midcap 150 TRI |
|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 26 Mar 2023 | ₹92.68 | ₹94.85 | ₹93.19 |
| 22 Jul 2023 | ₹113.91 | ₹112.33 | ₹115.41 |
| 17 Nov 2023 | ₹125.18 | ₹129.36 | ₹131.04 |
| 14 Mar 2024 | ₹137.47 | ₹145.84 | ₹145.93 |
| 10 Jul 2024 | ₹175.67 | ₹183.12 | ₹179.73 |
| 05 Nov 2024 | ₹183.24 | ₹187.05 | ₹176.71 |
| 03 Mar 2025 | ₹161.09 | ₹152.19 | ₹150.98 |
| 29 Jun 2025 | ₹205.33 | ₹191.68 | ₹185.95 |
| 25 Oct 2025 | ₹212.36 | ₹194.83 | ₹186.88 |
| 20 Feb 2026 | ₹206.41 | ₹197.78 | ₹187.61 |
| 18 Jun 2026 | ₹221.50 | ₹224.31 | ₹196.43 |
| 14 Oct 2026 | ₹216.13 | ₹224.15 | ₹187.62 |
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 →
- 30 stocks only in Invesco India Mid Cap Fund
- 13 stocks in both — 20.3% of each portfolio by weight
- 54 stocks only in HSBC Midcap Fund
The more the circles overlap, the more the funds hold the same stocks.
Invesco India Mid Cap Fund and HSBC Midcap Fund share 20% of their equity book by weight.
Shared holdings — Invesco India Mid Cap Fund vs HSBC Midcap Fund
| Stock | Invesco India Mid Cap Fund | HSBC Midcap Fund | |
|---|---|---|---|
| Meesho Ltd | 5.49% | 4.03% | 4.03% |
| The Federal Bank Limited | 5.44% | 3.99% | 3.99% |
| Bharat Forge Limited | 2.85% | 2.81% | 2.81% |
| Aditya Infotech Limited | 2.50% | 2.66% | 2.50% |
| FSN E-Commerce Ventures Limited | 2.07% | 3.64% | 2.07% |
| AU Small Finance Bank Limited | 3.86% | 1.79% | 1.79% |
| Prestige Estates Projects Limited | 7.42% | 1.74% | 1.74% |
| IndusInd Bank Limited | 3.55% | 1.29% | 1.29% |
| Max Financial Services Limited | 3.19% | 0.03% | 0.03% |
| JK Cement Limited | 2.94% | 0.02% | 0.02% |
| Swiggy Limited | 1.34% | 0.02% | 0.02% |
| Dixon Technologies (India) Limited | 1.31% | 0.02% | 0.02% |
| Max Healthcare Institute Limited | 7.30% | 0.01% | 0.01% |
13 shared of 43 / 67 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹227.87 Very High risk ★★★★★ | HSBC · Direct NAV ₹519.57 Very High risk ★★★★☆ | Category median Mid Cap Fund · 34 funds |
|---|---|---|---|
| +3.05% | +14.90%Best in row | +3.80% | |
| +21.36% | +22.07%Best in row | +15.44% | |
| +16.94% | — | +13.36% | |
| +18.61% | — | +15.77% | |
| +20.37% | +23.15% | +17.67% | |
| +19.29% | — | — | |
| +21.44% | +25.46%Best in row | +20.07% | |
| +20.32% | — | +18.98% | |
| +20.62% | — | +18.42% | |
| Risk | |||
| 17.28%Best in row | 18.85% | 16.21% | |
| 0.86 | 0.83 | 0.57 | |
| 1.21Best in row | 1.11 | 0.76 | |
| -34.09% | -25.96% | -32.95% | |
| +7.23% | +7.18% | +2.15% | |
| 1.02 | 1.04 | 0.95 | |
| 120.9%Best in row | 116.5% | 98.6% | |
| 97.4% | 90.4%Best in row | 89.7% | |
| 0.76%Best in row | 1.10% | 0.94% | |
| ₹15,234Cr | ₹16,299Cr | ₹7,559Cr | |
| ₹100 | ₹5.00K | — | |
| 27% | 131% | 63% | |
| Aditya Khemani · 2.9y | Cheenu Gupta · 2.6y | — | |
| 19 Apr 2007 | 09 Aug 2004 | — | |
| 43 | 75 | — | |
| 49.1% | 37.1% | — | |
| 1.3% | 0.8% | — | |
4 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150 TRI
- Exit load
- Up to 1.00%
- Lock-in
- None
- Min SIP
- ₹500
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 Mid Cap Fund or HSBC Midcap Fund?
Over the last 3 years, HSBC Midcap Fund returned +22.07% CAGR against Invesco India Mid Cap Fund's +21.36%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Mid Cap Fund or HSBC Midcap Fund?
Invesco India Mid Cap Fund has the lower expense ratio: Invesco India Mid Cap Fund charges 0.76% a year against HSBC Midcap Fund's 1.10%. 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 Mid Cap Fund or HSBC Midcap Fund?
HSBC Midcap Fund has shown higher volatility (+18.85% annualized vs Invesco India Mid Cap Fund's +17.28%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Invesco India Mid Cap Fund -20.07% vs HSBC Midcap Fund -25.96%.
Which fund manages more money — Invesco India Mid Cap Fund or HSBC Midcap Fund?
HSBC Midcap Fund is the larger fund: Invesco India Mid Cap Fund manages ₹15,234Cr against HSBC Midcap Fund's ₹16,299Cr 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 Mid Cap Fund and HSBC Midcap Fund in the same category?
Yes — both are 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.