HSBC Small Cap Fund - Regular Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Cost-efficient: expense ratio of 1.77% is lower than category median (2.17%).
- Over 12 years of operational history across different market cycles.
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +1.12% | +1.11% | +0.01% |
| 3 Months | -0.36% | -1.13% | +0.77% |
| 6 Months | +7.74% | +7.86% | -0.12% |
| 1 Year | +11.28% | +11.28% | 0.00% |
| 3 Years CAGR | +12.12% | +13.50% | -1.38% |
| Since Inception | +17.07% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in HSBC Small Cap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +13.96% | +13.95% | +0.01% |
| 2025 | -11.55% | -3.98% | -7.57% |
| 2024 | +28.50% | +25.60% | +2.90% |
| 2023 | +46.05% | +41.38% | +4.67% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -16.74% | +17.48% | +8.14% | +58.15% | 72.2% | 30.3% |
| 3-Year Rolling | +10.30% | +15.51% | +15.87% | +20.48% | 100.0% | 0.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-12-11 | 2025-03-03 | -27.3% | 3 months | 18 months |
| 2026-09-08 | 2026-10-23 | -13.0% | 1 months | Not yet recovered |
| 2024-02-07 | 2024-03-13 | -11.1% | 1 months | 1 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related securities of small cap companies | 65% -100% Equity & Equity related securities of other than small cap companies : 0%-35% Money market instruments and other liquid instruments : 0%-35% Units issued by InvITs: 0%-10% Units of Gold and Silver ETFs : 0% - 35% |
Investment Objective & Strategy
To generate long term capital growth from an actively managed portfolio of equity and equity related securities of predominantly small cap companies. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 18,630 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Small Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Small Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Edelweiss Small Cap Fund | 5.4 | +12.38% | 1.94% | 79.8% | Rs 7,158 cr | Compare → |
| Baroda BNP Paribas Small Cap Fund | 3.5 | +11.35% | 2.45% | 81.9% | Rs 1,286 cr | Compare → |
| Sundaram Small Cap Fund | 3.7 | +13.27% | 2.02% | 82.9% | Rs 4,044 cr | Compare → |
| UTI Small Cap Fund | 4.2 | +11.21% | 2.01% | 86.9% | Rs 5,285 cr | Compare → |
| Union Small Cap Fund | 4.3 | +14.12% | 2.17% | 82.1% | Rs 2,796 cr | Compare → |
Frequently Asked Questions about HSBC Small Cap Fund
What is the expense ratio of HSBC Small Cap Fund?
HSBC Small Cap Fund has a total expense ratio (TER) of 1.77% with a base expense ratio of 1.42%, compared to the Small Cap category median of 2.17%.
Who manages HSBC Small Cap Fund?
HSBC Small Cap Fund is managed by Venugopal Manghat.
What are the historical returns of HSBC Small Cap Fund?
HSBC Small Cap Fund delivered a 3-year CAGR of 12.12%. Its 1-year return stands at +11.28%.
How large is HSBC Small Cap Fund?
HSBC Small Cap Fund manages assets of Rs 18,630 cr, placing it in the 'comfortable' size band relative to Small Cap peers.
How is HSBC Small Cap Fund scored on MFIQ?
HSBC Small Cap Fund holds an MFIQ Score of 4.7/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is HSBC Small Cap Fund?
HSBC Small Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 18.61% with a maximum historical drawdown of -27.33%.