Should I invest in HSBC Small Cap Fund - Direct IDCW?

We don't give personal investment advice. HSBC Small Cap Fund - Direct IDCW 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 Small Cap Fund - Direct IDCW

Latest NAV

₹43.5983

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	+0.62%	+0.49%	+0.13	11 / 35	Q2
1W	-1.22%	-0.81%	-0.41	22 / 35	Q3
2W	-7.54%	+1.10%	-8.64	35 / 35	Q4
1M	-7.14%	+0.46%	-7.61	35 / 35	Q4
3M	+1.20%	+8.35%	-7.14	31 / 34	Q4
6M	-4.79%	+0.59%	-5.38	25 / 33	Q4
YTD	-3.76%	+1.48%	-5.24	26 / 33	Q4
1Y	-5.85%	+1.76%	-7.61	26 / 31	Q4
2Y	-5.23%	+2.62%	-7.85	27 / 28	Q4
3Y	+7.92%	+13.81%	-5.88	22 / 25	Q4
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.01%	+14.19%	-7.18	30 / 35	Q4

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	-3.76%	+1.48%	-5.24	26 / 33
2025	-18.27%	-7.90%	-10.37	29 / 29
2024	+19.82%	+24.76%	-4.94	18 / 27
2023	+34.39%	+37.24%	-2.85	16 / 24
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

+9.89%

31 windows

min -19.2% · max 45.0%

52% positive

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

3-Year rolling

+8.01%

7 windows

min 5.7% · max 10.3%

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

20.68%

3-year · annualised

Sharpe ratio

0.16

vs risk-free 6.5%

Sortino ratio

0.24

Downside-only deviation

Max drawdown

-31.77%

Dec 2024 → Mar 2026

% positive months

55.6%

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 Small Cap Fund

Scheme	Fund house	NAV	As of
HDFC Small Cap Fund - IDCW Option - Direct Plan	HDFC	₹61.5290	3 Jun 2026
NIPPON INDIA SMALL CAP FUND - Direct Plan - IDCW Option	Nippon India	₹103.0482	3 Jun 2026
SBI Small Cap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹132.4685	3 Jun 2026
ICICI Prudential Smallcap Fund - Direct Plan - IDCW	ICICI Prudential	₹66.7400	3 Jun 2026
Invesco India Smallcap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹35.7800	3 Jun 2026
BANDHAN SMALL CAP FUND - DIRECT PLAN IDCW	Bandhan	₹36.6190	3 Jun 2026
quant Small Cap Fund - IDCW Option - Direct Plan	Quant	₹229.2186	3 Jun 2026
Aditya Birla Sun Life Small Cap Fund -Direct - IDCW	Aditya Birla Sun Life	₹73.1715	3 Jun 2026
Motilal Oswal Small Cap Fund - Direct IDCW	Motilal Oswal	₹15.5856	3 Jun 2026
Franklin India Small Cap Fund - Direct - IDCW	Franklin India	₹50.2188	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹43.5983
2 Jun 2026	₹43.4800
1 Jun 2026	₹43.2115
29 May 2026	₹43.7623
27 May 2026	₹44.1089
26 May 2026	₹44.0181
25 May 2026	₹47.9068
22 May 2026	₹47.3398
21 May 2026	₹47.5176
20 May 2026	₹47.2594

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 Small Cap Fund - Direct IDCW is ₹43.5983. It's a Small Cap Fund from HSBC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

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

Over the trailing 1-year window, HSBC Small Cap Fund - Direct IDCW has delivered a absolute return of -5.85% — -7.61 pp behind the Small Cap Fund category average of 1.76%. The fund ranks #26 of 31 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, HSBC Small Cap Fund - Direct IDCW has delivered a CAGR of 7.92% — -5.88 pp behind the Small Cap Fund category average of 13.81%. The fund ranks #22 of 25 in its category — the bottom (Q4) quartile.

HSBC Small Cap Fund - Direct IDCW 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 Small Cap Fund - Direct IDCW exactly 3 years ago would be worth approximately ₹125,696 today — a multiplier of 1.26×, based on the 3-year CAGR of 7.92%. The category average over the same window would have grown ₹1 lakh to ₹147,400.

A ₹10,000 monthly SIP in HSBC Small Cap Fund - Direct IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹342,242 today. That's an XIRR (money-weighted annualised return) of -3.25%.

HSBC Small Cap Fund - Direct IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹342,242 — XIRR -3.25%.

On a 3-year basis, HSBC Small Cap Fund - Direct IDCW ranks #22 out of 25 funds in the Small Cap Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 13.81%; this fund delivered 7.92%.

The worst peak-to-trough decline HSBC Small Cap Fund - Direct IDCW has experienced over the last 3-year window is 31.77% — its NAV fell from a high on 11 Dec 2024 to a low on 23 Mar 2026. 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 Small Cap Fund - Direct IDCW averaged 8.01% (best 10.27%, worst 5.72%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.16 — weak risk-adjusted performance.

In calendar year 2025, HSBC Small Cap Fund - Direct IDCW returned -18.27% — lagging the Small Cap Fund category average of -7.90% by 10.37 pp. It ranked #29 of 29 in its category that year.

HSBC Small Cap Fund - Direct IDCW 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 Small Cap Fund - Direct IDCW 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.