Invesco India Midcap Fund vs HSBC Midcap Fund
Invesco India Midcap 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 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 20 Aug 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 Midcap Fund | HSBC Midcap Fund | Nifty Midcap 150 |
|---|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 21 Mar 2023 | ₹93.54 | ₹95.53 | ₹94.03 |
| 13 Jul 2023 | ₹112.56 | ₹110.34 | ₹112.44 |
| 03 Nov 2023 | ₹119.46 | ₹123.30 | ₹123.23 |
| 25 Feb 2024 | ₹145.39 | ₹151.22 | ₹150.92 |
| 17 Jun 2024 | ₹170.83 | ₹177.68 | ₹172.11 |
| 09 Oct 2024 | ₹192.23 | ₹196.53 | ₹182.26 |
| 30 Jan 2025 | ₹173.21 | ₹167.42 | ₹162.27 |
| 23 May 2025 | ₹189.94 | ₹179.25 | ₹173.58 |
| 14 Sep 2025 | ₹207.21 | ₹193.96 | ₹179.34 |
| 05 Jan 2026 | ₹213.17 | ₹198.07 | ₹187.56 |
| 29 Apr 2026 | ₹207.64 | ₹210.29 | ₹184.70 |
| 20 Aug 2026 | ₹231.09 | ₹233.87 | ₹194.49 |
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 Midcap Fund and HSBC Midcap Fund share 16% of their equity book by weight.
Shared holdings — Invesco India Midcap Fund vs HSBC Midcap Fund
| Stock | Invesco India Midcap Fund | HSBC Midcap Fund | |
|---|---|---|---|
| The Federal Bank Ltd | 5.62% | 4.25% | 4.25% |
| Meesho Ltd. | 4.50% | 2.90% | 2.90% |
| Aditya Infotech Ltd. | 2.70% | 3.58% | 2.70% |
| FSN E-Commerce Ventures Ltd | 2.28% | 4.72% | 2.28% |
| AU Small Finance Bank Ltd | 4.50% | 1.92% | 1.92% |
| BSE Ltd | 5.11% | 0.97% | 0.97% |
| Apar Industries Ltd | 0.48% | 2.58% | 0.48% |
| Bharat Forge Ltd | 0.27% | 3.22% | 0.27% |
| Max Financial Services Ltd | 3.07% | 0.03% | 0.03% |
| JK Cement Ltd | 3.10% | 0.02% | 0.02% |
| Swiggy Ltd. | 1.88% | 0.02% | 0.02% |
| Dixon Technologies (India) Ltd | 1.35% | 0.02% | 0.02% |
| Max Healthcare Institute Ltd | 4.33% | 0.01% | 0.01% |
| Zomato Ltd | 3.98% | 0.00% | 0.00% |
14 shared of 44 / 81 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹243.64 Very High risk ★★★★☆ | HSBC · Direct NAV ₹542.11 Very High risk ★★★★☆ | Category median Mid Cap Fund · 34 funds |
|---|---|---|---|
| +9.98% | +21.43%Best in row | +9.87% | |
| +26.16% | +26.45%Best in row | +19.74% | |
| +21.93% | — | +17.84% | |
| +19.89% | — | +17.01% | |
| +21.21% | +25.61%Best in row | +19.29% | |
| +23.21% | +24.09%Best in row | — | |
| +21.45% | +26.34%Best in row | +20.53% | |
| +20.35% | — | +19.07% | |
| +20.71% | — | +18.49% | |
| Risk | |||
| 17.14%Best in row | 18.55% | 16.20% | |
| 1.15Best in row | 1.07 | 0.83 | |
| 1.62Best in row | 1.45 | 1.14 | |
| -34.09% | -25.96%Best in row | -32.95% | |
| +6.85% | +7.31%Best in row | +2.33% | |
| 1.02 | 1.03 | 0.94 | |
| 119.9%Best in row | 116.4% | 98.4% | |
| 97.4% | 88.2%Best in row | 87.8% | |
| 0.77%Best in row | 1.20% | 0.97% | |
| ₹12,160Cr | ₹13,701Cr | ₹7,594Cr | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹5.00K | — | |
| 43% | 7% | 40% | |
| Aditya Khemani · 2.8y | Mayank Chaturvedi | — | |
| 02 Jan 2013 | 28 Nov 2022 | — | |
| 44 | 81 | — | |
| 47.3% | 37.0% | — | |
| 0.6% | 1.1% | — | |
3 rows carry the same value for every fund — show
- Benchmark
- Nifty Midcap 150
- 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 Midcap Fund or HSBC Midcap Fund?
Over the last 3 years, HSBC Midcap Fund returned +26.45% CAGR against Invesco India Midcap Fund's +26.16%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Midcap Fund or HSBC Midcap Fund?
Invesco India Midcap Fund has the lower expense ratio: Invesco India Midcap Fund charges 0.77% a year against HSBC Midcap Fund's 1.20%. 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 Midcap Fund or HSBC Midcap Fund?
HSBC Midcap Fund has shown higher volatility (+18.55% annualized vs Invesco India Midcap Fund's +17.14%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Invesco India Midcap Fund -20.07% vs HSBC Midcap Fund -25.96%.
Which fund manages more money — Invesco India Midcap Fund or HSBC Midcap Fund?
HSBC Midcap Fund is the larger fund: Invesco India Midcap Fund manages ₹12,160Cr against HSBC Midcap Fund's ₹13,701Cr 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 Midcap 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.