Should I invest in HSBC Midcap Fund - Direct Growth?

We don't give personal investment advice. HSBC Midcap Fund - Direct Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

HSBC

HSBC Midcap Fund - Direct Growth

Latest NAV

₹505.3725

As of

3 Jun 2026

864 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.21%	+0.15%	+0.06	16 / 34	Q2
1W	-0.38%	-1.85%	+1.48	1 / 34	Q1
2W	+2.58%	-0.16%	+2.74	1 / 34	Q1
1M	+3.38%	+0.51%	+2.87	1 / 34	Q1
3M	+11.24%	+4.16%	+7.08	3 / 33	Q1
6M	+9.67%	+0.22%	+9.45	1 / 33	Q1
YTD	+10.37%	+0.48%	+9.89	1 / 33	Q1
1Y	+19.12%	+6.03%	+13.09	1 / 32	Q1
2Y	+12.60%	+6.85%	+5.75	3 / 31	Q1
3Y	+27.76%	+20.47%	+7.29	1 / 31	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+24.71%	+18.51%	+6.20	2 / 34	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+10.37%	+0.48%	+9.89	1 / 33
2025	-1.07%	+2.51%	-3.58	26 / 31
2024	+41.18%	+29.88%	+11.30	3 / 31
2023	+41.11%	+38.88%	+2.23	12 / 30
2022	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+28.18%

31 windows

min -1.0% · max 66.1%

90% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+25.58%

7 windows

min 23.6% · max 27.9%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

18.72%

3-year · annualised

Sharpe ratio

1.07

vs risk-free 6.5%

Sortino ratio

1.63

Downside-only deviation

Max drawdown

-25.96%

Dec 2024 → Feb 2025

% positive months

77.8%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Mid Cap Fund - Growth Option - Direct Plan	HDFC	₹219.0770	3 Jun 2026
NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹184.7203	3 Jun 2026
SBI MIDCAP FUND - DIRECT PLAN - GROWTH	SBI	₹261.4456	3 Jun 2026
ICICI Prudential MidCap Fund - Direct Plan - Growth	ICICI Prudential	₹374.7000	3 Jun 2026
Invesco India Midcap Fund - Direct Plan - Growth Option	Invesco	₹220.3000	3 Jun 2026
BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹18.8500	3 Jun 2026
quant Mid Cap Fund - Growth Option - Direct Plan	Quant	₹245.6593	3 Jun 2026
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹896.8300	3 Jun 2026
Motilal Oswal Midcap Fund-Direct Plan-Growth Option	Motilal Oswal	₹104.1164	3 Jun 2026
Franklin India Mid Cap Fund - Direct - Growth	Franklin India	₹3,000.7955	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹505.3725
2 Jun 2026	₹503.4382
1 Jun 2026	₹502.3715
29 May 2026	₹508.6244
27 May 2026	₹508.8947
26 May 2026	₹505.3346
25 May 2026	₹501.9145
22 May 2026	₹499.4685
21 May 2026	₹498.6774
20 May 2026	₹496.4905

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of HSBC Midcap Fund - Direct Growth is ₹505.3725. It's a Mid Cap Fund from HSBC, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

HSBC Midcap Fund - Direct Growth has NAV history starting from 28 Nov 2022, a track record of about 3 years 6 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

HSBC Midcap Fund - Direct Growth is managed by HSBC. It's classified by AMFI under the 'Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, HSBC Midcap Fund - Direct Growth has delivered a absolute return of 19.12% — +13.09 pp ahead of the Mid Cap Fund category average of 6.03%. The fund ranks #1 of 32 in its category — the top (Q1) quartile.

Over the trailing 3-year window, HSBC Midcap Fund - Direct Growth has delivered a CAGR of 27.76% — +7.29 pp ahead of the Mid Cap Fund category average of 20.47%. The fund ranks #1 of 31 in its category — the top (Q1) quartile.

HSBC Midcap Fund - Direct Growth doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in HSBC Midcap Fund - Direct Growth exactly 3 years ago would be worth approximately ₹208,529 today — a multiplier of 2.09×, based on the 3-year CAGR of 27.76%. The category average over the same window would have grown ₹1 lakh to ₹174,817.

A ₹10,000 monthly SIP in HSBC Midcap Fund - Direct Growth over the last 3 years — total invested ₹360,000 — would be worth ₹483,157 today. That's an XIRR (money-weighted annualised return) of 20.05%.

HSBC Midcap Fund - Direct Growth doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹483,157 — XIRR 20.05%.

On a 3-year basis, HSBC Midcap Fund - Direct Growth ranks #1 out of 31 funds in the Mid Cap Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 20.47%; this fund delivered 27.76%.

The worst peak-to-trough decline HSBC Midcap Fund - Direct Growth has experienced over the last 3-year window is 25.96% — its NAV fell from a high on 17 Dec 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, HSBC Midcap Fund - Direct Growth averaged 25.58% (best 27.93%, worst 23.61%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 1.07 — strong risk-adjusted performance.

In calendar year 2025, HSBC Midcap Fund - Direct Growth returned -1.07% — lagging the Mid Cap Fund category average of 2.51% by 3.58 pp. It ranked #26 of 31 in its category that year.

HSBC Midcap Fund - Direct Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. HSBC Midcap Fund - Direct Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.