HSBC Midcap Fund Direct Growth

Fund Overview

Fund Size

₹12,440 Cr

Expense Ratio

0.65%

ISIN

INF917K01FZ1

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

01 Jan 2013

About this fund

HSBC Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 13 years and 26 days, having been launched on 01-Jan-13.
As of 23-Jan-26, it has a Net Asset Value (NAV) of ₹433.07, Assets Under Management (AUM) of 12439.62 Crores, and an expense ratio of 0.65%.

HSBC Midcap Fund Direct Growth has given a CAGR return of 19.37% since inception.
The fund's asset allocation comprises around 98.61% in equities, 0.00% in debts, and 1.39% in cash & cash equivalents.
You can start investing in HSBC Midcap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.38%

+3.88% (Cat Avg.)

3 Years

+24.03%

+20.54% (Cat Avg.)

5 Years

+20.21%

+19.72% (Cat Avg.)

10 Years

+17.59%

+16.68% (Cat Avg.)

Since Inception

+19.37%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹12,266.61 Cr	98.61%
Others	₹172.74 Cr	1.39%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
FSN E-Commerce Ventures Ltd	Equity	₹649.55 Cr	5.22%
Ashok Leyland Ltd	Equity	₹560.05 Cr	4.50%
PB Fintech Ltd	Equity	₹503.72 Cr	4.05%
Eternal Ltd	Equity	₹489.27 Cr	3.93%
GE Vernova T&D India Ltd	Equity	₹467.24 Cr	3.76%
Multi Commodity Exchange of India Ltd	Equity	₹462.64 Cr	3.72%
Lenskart Solutions Ltd	Equity	₹377.14 Cr	3.03%
Coforge Ltd	Equity	₹355.55 Cr	2.86%
Dixon Technologies (India) Ltd	Equity	₹341.16 Cr	2.74%
Bharat Electronics Ltd	Equity	₹339.73 Cr	2.73%
Max Financial Services Ltd	Equity	₹336.3 Cr	2.70%
IDFC First Bank Ltd	Equity	₹321.4 Cr	2.58%
The Federal Bank Ltd	Equity	₹319.05 Cr	2.56%
Muthoot Finance Ltd	Equity	₹312.88 Cr	2.52%
Godfrey Phillips India Ltd	Equity	₹306.07 Cr	2.46%
Billionbrains Garage Ventures Ltd	Equity	₹304.43 Cr	2.45%
Bharti Hexacom Ltd	Equity	₹287.88 Cr	2.31%
Persistent Systems Ltd	Equity	₹280.55 Cr	2.26%
Piramal Finance Ltd	Equity	₹277.1 Cr	2.23%
Aditya Birla Capital Ltd	Equity	₹265.77 Cr	2.14%
Polycab India Ltd	Equity	₹264.38 Cr	2.13%
Radico Khaitan Ltd	Equity	₹261.79 Cr	2.10%
Aditya Infotech Ltd	Equity	₹253.3 Cr	2.04%
City Union Bank Ltd	Equity	₹253.12 Cr	2.03%
IIFL Finance Ltd	Equity	₹249.78 Cr	2.01%
eClerx Services Ltd	Equity	₹220.36 Cr	1.77%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹211.11 Cr	1.70%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹201.59 Cr	1.62%
Anthem Biosciences Ltd	Equity	₹201.29 Cr	1.62%
Motherson Sumi Wiring India Ltd	Equity	₹199.68 Cr	1.61%
Thyrocare Technologies Ltd	Equity	₹194.91 Cr	1.57%
Treps	Cash - Repurchase Agreement	₹193.88 Cr	1.56%
CG Power & Industrial Solutions Ltd	Equity	₹177.92 Cr	1.43%
Safari Industries (India) Ltd	Equity	₹175.84 Cr	1.41%
RBL Bank Ltd	Equity	₹169.03 Cr	1.36%
Bajaj Finance Ltd	Equity	₹150.73 Cr	1.21%
ICICI Prudential Asset Management Co Ltd	Equity	₹143.34 Cr	1.15%
BSE Ltd	Equity	₹136.77 Cr	1.10%
KEI Industries Ltd	Equity	₹134.25 Cr	1.08%
Kirloskar Oil Engines Ltd	Equity	₹128.52 Cr	1.03%
CRISIL Ltd	Equity	₹127.31 Cr	1.02%
Cummins India Ltd	Equity	₹117.64 Cr	0.95%
Transformers & Rectifiers (India) Ltd	Equity	₹105.5 Cr	0.85%
Kaynes Technology India Ltd	Equity	₹91.73 Cr	0.74%
HDFC Asset Management Co Ltd	Equity	₹90.36 Cr	0.73%
Avalon Technologies Ltd	Equity	₹77.64 Cr	0.62%
Home First Finance Co India Ltd ---	Equity	₹66.42 Cr	0.53%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹49.28 Cr	0.40%
Gabriel India Ltd	Equity	₹45.39 Cr	0.36%
Firstsource Solutions Ltd	Equity	₹36.74 Cr	0.30%
Bharat Heavy Electricals Ltd	Equity	₹34.55 Cr	0.28%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹31.65 Cr	0.25%
Divi's Laboratories Ltd	Equity	₹30.97 Cr	0.25%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹-21.14 Cr	0.17%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹12.38 Cr	0.10%
Bosch Home Comfort India Ltd	Equity	₹12.15 Cr	0.10%
Mankind Pharma Ltd	Equity	₹6.08 Cr	0.05%
KPIT Technologies Ltd	Equity	₹5.53 Cr	0.04%
JK Cement Ltd	Equity	₹5.51 Cr	0.04%
Mphasis Ltd	Equity	₹4.95 Cr	0.04%
Mazagon Dock Shipbuilders Ltd	Equity	₹4.11 Cr	0.03%
Ipca Laboratories Ltd	Equity	₹4 Cr	0.03%
Swiggy Ltd	Equity	₹3.74 Cr	0.03%
Indian Hotels Co Ltd	Equity	₹2.51 Cr	0.02%
Indian Bank	Equity	₹2.45 Cr	0.02%
NTPC Green Energy Ltd	Equity	₹2.34 Cr	0.02%
Global Health Ltd	Equity	₹2.28 Cr	0.02%
Apar Industries Ltd	Equity	₹1.9 Cr	0.02%
Sundaram Finance Ltd	Equity	₹1.62 Cr	0.01%
InterGlobe Aviation Ltd	Equity	₹1.25 Cr	0.01%
Biocon Ltd	Equity	₹0.81 Cr	0.01%
HDB Financial Services Ltd	Equity	₹0.39 Cr	0.00%
Motilal Oswal Financial Services Ltd	Equity	₹0.35 Cr	0.00%
Abbott India Ltd	Equity	₹0.33 Cr	0.00%
TVS Motor Co Ltd	Equity	₹0.3 Cr	0.00%
Tvs Motor Company Limited	Preferred Stock	₹0.27 Cr	0.00%
Trent Ltd	Equity	₹0.26 Cr	0.00%
Prestige Estates Projects Ltd	Equity	₹0.26 Cr	0.00%
Mahindra & Mahindra Financial Services Ltd	Equity	₹0.21 Cr	0.00%
L&T Technology Services Ltd	Equity	₹0.16 Cr	0.00%
Bharat Forge Ltd	Equity	₹0.12 Cr	0.00%
Data Patterns (India) Ltd	Equity	₹0.11 Cr	0.00%
Blue Star Ltd	Equity	₹0.1 Cr	0.00%
Oberoi Realty Ltd	Equity	₹0.03 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹4,709.15 Cr	37.86%
Industrials	₹2,801.67 Cr	22.52%
Consumer Cyclical	₹1,628.09 Cr	13.09%
Technology	₹1,414.37 Cr	11.37%
Healthcare	₹849.46 Cr	6.83%
Consumer Defensive	₹567.86 Cr	4.56%
Communication Services	₹287.88 Cr	2.31%
Basic Materials	₹5.51 Cr	0.04%
Utilities	₹2.34 Cr	0.02%
Real Estate	₹0.29 Cr	0.00%

Risk & Performance Ratios

Fund Managers

Cheenu Gupta

Since November 2022

Mayank Chaturvedi

Since October 2025

Additional Scheme Detailsas of 31st December 2025

ISIN

INF917K01FZ1

Expense Ratio

0.65%

Exit Load

1.00%

Fund Size

₹12,440 Cr

Age

13 years

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Midcap 150 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Mid-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Samco Mid Cap Fund Direct Growth Very High Risk	-	1.0%	-	-
Samco Mid Cap Fund Regular Growth Very High Risk	-	1.0%	-	-
Bank of India Mid Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹683.84 Cr	-
Bank of India Mid Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹683.84 Cr	-
Kotak Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹4.92 Cr	-
Helios Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1157.07 Cr	-
Helios Mid Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1157.07 Cr	-
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹581.00 Cr	5.3%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹94.43 Cr	3.4%
Zerodha Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹169.34 Cr	5.9%
LIC MF Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹642.81 Cr	6.0%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹102.56 Cr	5.2%
UTI Nifty Midcap 150 ETF Very High Risk	0.3%	-	₹11.15 Cr	5.2%
Invesco India Mid Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹10296.36 Cr	7.2%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12439.62 Cr	6.4%
Canara Robeco Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4067.87 Cr	6.0%
Canara Robeco Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4067.87 Cr	7.3%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.0%	1.0%	₹7132.04 Cr	11.5%
Nippon India Growth Fund Direct Growth Very High Risk	0.7%	1.0%	₹42124.50 Cr	6.6%
Edelweiss Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹13650.47 Cr	7.0%
Invesco India Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹10296.36 Cr	8.5%
Kotak Emerging Equity Scheme Direct Growth Very High Risk	0.4%	1.0%	₹60636.84 Cr	3.6%
JM Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1178.20 Cr	-2.9%
JM Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1178.20 Cr	-1.4%
Mirae Asset Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹1365.64 Cr	5.4%
DSP Midcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹19585.60 Cr	3.2%
Kotak Emerging Equity Scheme Regular Growth Very High Risk	1.4%	1.0%	₹60636.84 Cr	2.6%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹79.99 Cr	36.3%
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹424.94 Cr	26.8%
HDFC Mid-Cap Opportunities Fund Regular Growth Very High Risk	1.4%	1.0%	₹92641.55 Cr	9.3%
Nippon India ETF Nifty Midcap 150 Very High Risk	0.2%	-	₹2812.08 Cr	5.2%
UTI Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11956.07 Cr	1.0%
Axis Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹31717.15 Cr	4.2%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹92641.55 Cr	10.0%
Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹6300.76 Cr	5.4%
Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2312.61 Cr	6.1%
SBI Magnum Midcap Fund Direct Growth Very High Risk	0.8%	0.0%	₹23314.80 Cr	-0.7%
Sundaram Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹13292.89 Cr	7.2%
Tata Mid Cap Growth Fund Direct Growth Very High Risk	0.6%	0.0%	₹5497.27 Cr	7.3%
Taurus Discovery (Midcap) Fund Direct Growth Very High Risk	2.1%	1.0%	₹129.14 Cr	-0.6%
DSP Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹19585.60 Cr	4.2%
Quant Mid Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹8057.36 Cr	-10.5%
Franklin India Prima Fund Direct Growth Very High Risk	1.0%	1.0%	₹12831.02 Cr	2.8%
Motilal Oswal Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹754.65 Cr	6.1%
Union Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1633.88 Cr	6.0%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1633.88 Cr	7.5%
Edelweiss Mid Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹13650.47 Cr	5.6%
Motilal Oswal Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹36880.18 Cr	-6.5%
LIC MF Midcap Fund Regular Growth Very High Risk	2.5%	1.0%	₹345.56 Cr	-4.0%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹345.56 Cr	-2.9%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,40,131 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹825.41 Cr	-
HSBC India Export Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹1414.16 Cr	0.8%
HSBC Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹2536.70 Cr	19.5%
HSBC Consumption Fund Direct Growth Very High Risk	0.9%	1.0%	₹1791.67 Cr	0.9%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1581.48 Cr	5.0%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹2270.60 Cr	-2.9%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.8%	1.0%	₹5569.07 Cr	4.7%
HSBC Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹14752.64 Cr	9.1%
HSBC Credit Risk Fund Direct Growth Moderately High risk	1.0%	1.0%	₹511.89 Cr	20.8%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4360.45 Cr	7.3%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12439.62 Cr	6.4%
HSBC ELSS Fund Direct Growth Very High Risk	1.2%	0.0%	₹4108.91 Cr	2.8%
HSBC Equity Savings Fund Direct Growth Moderately High risk	0.7%	0.0%	₹785.83 Cr	5.0%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹973.76 Cr	8.8%
HSBC Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4441.96 Cr	7.5%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6254.08 Cr	7.6%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹158.33 Cr	5.3%
HSBC Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹4894.59 Cr	7.3%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹270.67 Cr	3.4%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹777.62 Cr	7.9%
HSBC Focused Fund Direct Growth Very High Risk	1.0%	1.0%	₹1718.20 Cr	4.5%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.0%	1.0%	₹1137.31 Cr	0.2%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3767.27 Cr	5.7%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.1%	0.0%	₹146.58 Cr	3.6%
HSBC Large Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹1912.18 Cr	7.5%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	1.0%	1.0%	₹331.78 Cr	56.8%
HSBC Brazil Fund Direct Growth Very High Risk	1.1%	1.0%	₹325.61 Cr	64.6%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.7%	0.0%	₹48.62 Cr	5.4%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17937.83 Cr	6.5%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹5227.12 Cr	3.6%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.8%	0.0%	₹243.60 Cr	4.7%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3014.42 Cr	7.0%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1963.04 Cr	7.8%
HSBC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹15968.70 Cr	-10.1%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹51.62 Cr	13.5%
HSBC Managed Solutions India Conservative Direct Growth Low to Moderate Risk	0.5%	0.0%	₹669.62 Cr	5.9%
HSBC Managed Solutions India Moderate Direct Growth Very High Risk	1.3%	1.0%	₹78.31 Cr	20.0%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	0.9%	1.0%	₹44.68 Cr	4.4%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹186.07 Cr	7.6%
HSBC Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹2349.75 Cr	6.9%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	1.0%	₹142.89 Cr	4.7%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹375.02 Cr	9.0%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹4657.66 Cr	3.3%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5315.11 Cr	4.1%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	1.1%	1.0%	₹60.52 Cr	45.8%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of HSBC Midcap Fund Direct Growth?

The NAV of HSBC Midcap Fund Direct Growth, as of 23-Jan-2026, is ₹433.07.

What are the returns of HSBC Midcap Fund Direct Growth?

The fund has generated 6.38% over the last 1 year and 24.03% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of HSBC Midcap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.61% in equities, 0.00% in bonds, and 1.39% in cash and cash equivalents.

Who manages the HSBC Midcap Fund Direct Growth?

The fund managers responsible for HSBC Midcap Fund Direct Growth are:-

Cheenu Gupta
Mayank Chaturvedi

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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HSBC Midcap Fund Direct Growth

Fund Overview