This is the Regular plan of HSBC Value 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.
Performance
Scorecard
★★★★☆4/5 vs 21 of 23 Value Fund 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 Value Fund (same plan and option). 21 of the 23 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +13.40% · ranks 6 of 21 Value Funds
Volatility 16.1% vs 14.3% category avg
1.8% expense vs 2.4% category avg
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
- 3-year return (+13.40%) beats the Value Fund average (+10.84%)
- Stronger risk-adjusted returns — Sharpe 0.43 vs 0.29 Value Fund average
- Low expense ratio (1.84%) vs the Value Fund average of 2.43%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Value Fund peers (16.1% vs 14.3%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Value Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -5.15% | -4.61% | -0.54% |
| 3M abs | -4.65% | -4.34% | -0.31% |
| 6M abs | +4.71% | +6.75% | -2.04% |
| 1Y CAGR | -0.89% | -1.32% | +0.43% |
| 3Y CAGR | +13.40% | +10.84% | +2.56% |
| 5Y CAGR | — | +10.44% | — |
Category average across peers in Value Fund (up to 23 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 23 peers in Value Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into HSBC Value 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 | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -5.28% | -7.18% | +1.90% | |
| 2025 | +7.00% | +7.94% | -0.94% | |
| 2024 | +25.92% | +16.43% | +9.49% | |
| 2023 | +39.36% | +27.43% | +11.93% | |
| 2022part | -0.06% | — | — |
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; those years show no benchmark comparison.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Fund manager change — now managed by Sonal Gupta; Mayank Chaturvedi, Dipan S. Parikh stepped away25 Sep 2026
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity96.45%
- Cash & Equivalents3.55%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹14,682Cr 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.
Fund Managers
VMVenugopal ManghatManaging since 24 Nov 2012
CIO - Equity
MBA Finance, BSC (Mathematics) PUBLIC
Equities from November 24, 2012 till May 25, 2016 – Equity Investments from – Equities from June 19
SGSonal GuptaManaging since 05 Jul 2021
Head of Research – Equity
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
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)]
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
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.
HSBC Mutual Fund launches #StayDiSIPlined campaign to encourage investors to make SIP investing a routine, not a reaction to market volatility
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HSBC Mutual Fund launches #StayDiSIPlined investor education campaign
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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 Value funds
Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.
Frequently asked questions
What is the NAV of HSBC Value Fund?
As of 05 Oct 2026, the NAV of HSBC Value Fund is ₹108.87 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HSBC Value Fund delivered?
HSBC Value Fund has returned -0.89% over 1 year, +13.40% per year over 3 years and +16.10% 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 Value Fund?
HSBC Value Fund charges an expense ratio of 1.84% 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 Value Fund?
HSBC Value Fund's largest holdings are ICICI Bank Limited (4.2%), HDFC Bank Limited (4.2%), Karur Vysya Bank Limited (3.6%), The Federal Bank Limited (3.4%) and State Bank of India (3.2%). Holdings are disclosed monthly and change over time.
How risky is HSBC Value Fund?
HSBC Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.1% and its worst peak-to-trough fall in our sample was -19.9%. 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 0.43 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Value Fund's 0.43 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of HSBC Value Fund?
HSBC Value Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages HSBC Value Fund?
HSBC Value Fund is managed by Venugopal Manghat and Sonal Gupta at HSBC.
How is HSBC Value Fund taxed?
HSBC Value 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.