HybridEquity SavingsRegularGrowthModerately High

HSBC Equity Savings Fund

Q: What is the NAV of HSBC Equity Savings Fund?

As of 01 Oct 2026, the NAV of HSBC Equity Savings Fund is ₹36.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Equity Savings Fund delivered?

HSBC Equity Savings Fund has returned +6.01% over 1 year, +11.33% per year over 3 years and +11.88% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of HSBC Equity Savings Fund?

HSBC Equity Savings Fund charges an expense ratio of 2.40% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of HSBC Equity Savings Fund?

HSBC Equity Savings Fund's largest holdings are HDFC Bank Limited (5.0%), ICICI Bank Limited (4.2%), State Bank of India (3.6%), Axis Bank Limited (3.3%) and 7.06% GOI - 10-Apr-2028 (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Equity Savings Fund?

HSBC Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.2% and its worst peak-to-trough fall in our sample was -11.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.67 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Equity Savings Fund's 0.67 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HSBC Equity Savings Fund?

HSBC Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Equity Savings Fund?

HSBC Equity Savings Fund is managed by Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd Asif Rizwi and Sonal Gupta at HSBC.

Q: How is HSBC Equity Savings Fund taxed?

HSBC Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

HSBC Mutual Fund · Best Equity Savings Mutual Funds

NAV

₹36.22

-0.15% 1D

as of 01 Oct 2026

This is the Regular plan of HSBC Equity Savings Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+6.38%CAGR

52-week rangePrev NAV ₹36.28

Latest ₹36.22

Low ₹33.5975th percentile of its 52-week rangeHigh ₹37.12

Scorecard

★★★★☆4/5 vs 20 of 22 Equity Savings peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Equity Savings (same plan and option). 20 of the 22 Equity Savings funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +11.33% · ranks 1 of 20 Equity Savings funds

RiskHigh

Volatility 7.2% vs 4.4% category avg

CostAverage

2.4% expense vs 2.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+6.01%) beats the Equity Savings average (+2.11%)
3-year return (+11.33%) beats the Equity Savings average (+7.00%)
Ranks #3 of 23 on 1-year return in its Equity Savings cohort
Stronger risk-adjusted returns — Sharpe 0.67 vs 0.08 Equity Savings average
Consistent — positive in 100% of rolling 3-year windows

Concerns

More volatile than its Equity Savings peers (7.2% vs 4.4%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.40%

Category 2.31%▲0.09%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

19.51

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.67

Category 0.08▲0.59

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 month from the date of allotment – Nil. If units redeemed or switched out are over and above 10% within 1 month from the date of allotment – 0.50%. If units are redeemed or switched out on or after 1 month from the date of allotment – Nil.

Up to 0.50%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Equity Savings Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

28 Nov 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.90%

Absolute return over the last 3 months (not annualized)

-1.21%

Absolute return over the last 6 months (not annualized)

+6.76%

Absolute return since 1 Jan of this year (not annualized)

+5.51%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.01%

3-year annualized return (CAGR)

+11.33%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+11.88%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

7.24%

Excess return per unit of total volatility (rf = 6.5%)

0.67

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.89

Largest peak-to-trough decline over full history

-11.66%

Benchmark ratios

Not shown for Equity Savings — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-1.90%	-1.75%	-0.15%
3M abs	-1.21%	-0.44%	-0.77%
6M abs	+6.76%	+3.45%	+3.31%
1Y CAGR	+6.01%	+2.11%	+3.90%
3Y CAGR	+11.33%	+7.00%	+4.33%
5Y CAGR	—	+6.58%	—

Category average across peers in Equity Savings (up to 22 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 22 peers in Equity Savings

1Y return

+6.01%

Beats 90.9% · rank #3

3Y return🏆

+11.33%

Beats 100% · rank #1

5Y return

—

Sharpe

0.67

Beats 94.7% · rank #2

Sortino

0.89

Beats 94.7% · rank #2

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹4.05L

Absolute

+12.37%

XIRR

+8.15%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into HSBC Equity Savings Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+5.51%
2025	+0.88%
2024	+24.04%
2023	+17.05%
2022part	-0.40%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 2.46% → 2.40%
02 Oct 2026
Fund manager change — now managed by Sonal Gupta; Mayank Chaturvedi, Dipan S. Parikh stepped away
25 Sep 2026

History points

948

Expense ratio

2.40%

AUM

₹964.84Cr

Portfolio turnover

122%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

19.5

P/B ratio

3.6

Avg market cap

₹3,42,652Cr

P/E & P/B are portfolio-weighted harmonic means across 83 of 94 equity holdings (69% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity Savings

Compare all


HSBC Equity Savings FundThis fund HSBC · Regular · Growth	★★★★☆	+6.01%	+11.33%	—	—	2.40%	₹964.84Cr
Edelweiss Equity Savings Fund Edelweiss · Regular · Growth	★★★★★	+6.04%	+9.85%	+8.24%	—	2.12%	₹1,344Cr
Mirae Asset Equity Savings Fund Mirae Asset · Regular · Growth	★★★★★	+3.10%	+8.47%	+7.71%	—	1.73%	₹1,936Cr
Kotak Equity Savings Fund Kotak Mahindra · Regular · Growth	★★★☆☆	+1.69%	+8.33%	+8.58%	—	2.12%	₹9,931Cr
Baroda BNP Paribas Equity Savings Fund Baroda BNP Paribas · Regular · Growth	★★☆☆☆	+2.44%	+7.65%	+6.83%	—	2.84%	₹276.53Cr
Axis Equity Savings Fund Axis · Regular · Growth	★★★☆☆	+2.39%	+7.51%	+6.18%	—	2.70%	₹867.06Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap64.7%
Mid cap27.9%
Small cap7.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity77.33%
Debt20.66%
Cash & Equivalents2.01%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
HDFC Arbitrage Fund HDFC · Arbitrage Fund	51.7% of 75% equity	★★☆☆☆	1.50%	+7.28%
DSP Arbitrage fund DSP · Arbitrage Fund	47.9% of 69% equity	★★★☆☆	1.17%	+7.20%
SBI Arbitrage Fund SBI · Arbitrage Fund	47.8% of 77% equity	★★★☆☆	1.48%	+7.25%
Bandhan Arbitrage Fund Bandhan · Arbitrage Fund	47.1% of 73% equity	★★★☆☆	1.63%	+7.29%
JM Arbitrage Fund JM Financial · Arbitrage Fund	46.9% of 81% equity	★★☆☆☆	1.41%	+6.95%
Nippon India Arbitrage Fund Nippon India · Arbitrage Fund	46.6% of 69% equity	★★★★☆	1.34%	+7.30%
Axis Arbitrage Fund Axis · Arbitrage Fund	46.4% of 68% equity	★★★☆☆	1.40%	+7.35%
HSBC Multi Asset Allocation Fund HSBC · Multi Asset Allocation	46.0% of 74% equity	★★★☆☆	0.97%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 3.01% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I3.01%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-11.7%02 Jan 2025 → 28 Feb 2025
Fell over 2 months, back to the old high on 16 Sep 2025 — 7 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹964.84Cr

April - June 2026

+25%

since January - March 2026

+₹170.97Cr

est. net flow, last quarter

At or near its largest, ₹964.84Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

HSBC Mutual Fund is the Indian arm of HSBC Asset Management and has operated here since 2002. It roughly tripled in size by acquiring L&T Mutual Fund in 2022 and merging the two line-ups.

Launched

26 May 2002

Total AUM

₹1,56,995Cr+9.8% QoQ

Avg AUM · July - September 2026

Website

assetmanagement.hsbc.co.in/en

Fund Managers

CGCheenu GuptaManaging since 01 Jul 2002

Role

SVP Fund Management Equities Vice President – Dealing Equities Associate Vice President – Dealing Fixed Income

Education

PUBLICPUBLIC CFA Charter (USA), PGDBM (Finance) - SPJIMR, B.E. (I.T)

Experience

Over 19 years of experience HSBC Asset Management (India) Private. Limited as SVP Fund Management Equities (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited Fund Manager – Equity from July 01, 2021 to November 25, 2022. Canara Robeco Asset Management Company Limited as Equity - Fund Manager (March 2018 – June 2021) Tata AIA Life Insurance Company Limited Equity Fund Manager (from August 2009 - February 2018)

Funds managed (4)

All schemes Cheenu Gupta runs →

PAPraveen AyathanManaging since 01 Oct 2023

Role

SVP & Head Dealing Equities

Education

B.Sc (Mathematics)

Experience

Over 33 years of experience in areas of research and Fund Management. HSBC Asset Management (India) Private Limited SVP and Head Dealing – Equity (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited Chief Dealer – Equity from July 2012 to November 25, 2022 Kotak Mahindra Asset Management Company Limited Head – Equity Dealing from September 2005 to July 2012 Dalal & Broacha stock broking Private Limited Institutional Head – Equity from May 2000 to September 2005

Funds managed (4)

All schemes Praveen Ayathan runs →

MCMahesh ChhabriaManaging since 03 Jul 2015

Role

VP Fund Management Fixed Income

Education

Masters in Management Studies (M.M.S)

Experience

Over 15 years of experience HSBC Asset Management (India) Private Limited as SVP - Fund Management - Fixed Income (Since March 01, 2024) as VP - Fund Management - Fixed Income (from November 26, 2022 – February 28, 2024) Prior Assignments: L&T Investment Management Ltd Fixed Income – Fund Manager from November 25, 2021 to November 25, 2022. L&T Investment Management Ltd Dealer in Fixed Income since June, 2015 till November 24, 2021 Edelweiss Securities Ltd Fixed Income dealer from October 2013 - June 2015 Derivium Traditions Pvt. Ltd. Fixed Income dealer from February 2013- October 2013 L&T Investment Management Ltd. Associate in Investment Operations from November 2012 – February 2013. FIL Fund Management Pvt. Ltd. Associate in Investment Operations from August 2010 – November, 2012 Edelweiss Securities Limited as Equity dealer from March 2007 to May 2014. Karvy Stock Broking Limited as Equity dealer from June 2005 to March 2007

Funds managed (11)

All schemes Mahesh Chhabria runs →

MRMohd Asif RizwiManaging since 04 Feb 2001

Role

VP Dealing Fixed Income

Education

PUBLIC PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay

Experience

Over 16 years of experience HSBC Asset Management (India) Private. Limited as SVP - Fund Management - Fixed Income (Since January 16, 2024) as SVP - Dealing - Fixed Income (from March 1, 2023 to January 15, 2024) as VP - Dealing - Fixed Income (from November 26, 2022 to February 28, 2023) Prior Assignments: L&T Investment Management Ltd. as Senior Dealer in Fixed Income since May 11, 2020 to November 25, 2022 Yes Bank Ltd as Executive Vice President from April 2020, 2015 to May 08, 2020. ICICI Bank Ltd. as Senior Manager from May 9, 2012 to April 18, 2015. Deutsche Bank Global Markets Centre as Senior Analyst from July 2007 to May 2010.

Funds managed (14)

All schemes Mohd Asif Rizwi runs →

SGSonal GuptaStart date not disclosed

Role

Head of Research – Equity

Education

CFA Charter from CFA Institute, USA Post Graduate Diploma in Management from Indian Institute of Management, Bangalore. Bachelors in Mechanical Engineering, Delhi College of Engineering, Delhi University

Experience

Over 22 years of experience HSBC Asset Management (India) Private. Limited as Head Research – Equities (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited as Head of Research – Equity from June 1, 2021 to November 25, 2022 UBS Securities India Pvt Ltd from June 19, 2006 till May 28, 2021 [Director – Equity Research (since Mar’ 2010)]

Funds managed (5)

All schemes Sonal Gupta runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Cheenu Gupta Praveen Ayathan Mahesh Chhabria Mohd Asif Rizwi Sonal Gupta

Top holdings

HDFC Bank Limited ICICI Bank Limited State Bank of India Axis Bank Limited The Federal Bank Limited PB Fintech Limited Mahindra & Mahindra Limited Sun Pharmaceutical Industries Limited Lenskart Solutions Limited Canara Bank GE Vernova T&D India Limited Kotak Mahindra Bank Limited

HSBC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of HSBC Equity Savings Fund?

As of 01 Oct 2026, the NAV of HSBC Equity Savings Fund is ₹36.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Equity Savings Fund delivered?

HSBC Equity Savings Fund has returned +6.01% over 1 year, +11.33% per year over 3 years and +11.88% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of HSBC Equity Savings Fund?

HSBC Equity Savings Fund charges an expense ratio of 2.40% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of HSBC Equity Savings Fund?

HSBC Equity Savings Fund's largest holdings are HDFC Bank Limited (5.0%), ICICI Bank Limited (4.2%), State Bank of India (3.6%), Axis Bank Limited (3.3%) and 7.06% GOI - 10-Apr-2028 (3.1%). Holdings are disclosed monthly and change over time.

How risky is HSBC Equity Savings Fund?

HSBC Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.2% and its worst peak-to-trough fall in our sample was -11.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.67 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Equity Savings Fund's 0.67 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HSBC Equity Savings Fund?

HSBC Equity Savings Fund is benchmarked against the NIFTY Equity Savings Index. Its alpha and beta on this page are measured against that index.

Who manages HSBC Equity Savings Fund?

HSBC Equity Savings Fund is managed by Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd Asif Rizwi and Sonal Gupta at HSBC.

How is HSBC Equity Savings Fund taxed?

HSBC Equity Savings Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.