HSBC Small Cap Fund
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.Read more
AMC websiteScheme documentsNAV history (AMFI)हिंदी में
- Current NAV₹98.0154
- Fund Size (AUM)₹ 18,513 Cr.
- Expense Ratio0.77 %
- 1Y Return+8.95%
- 3Y Return (CAGR)+12.46%
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerVery High Risk
- Min. SIP / Lump sum₹ 500 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)+17.86%
- BenchmarkNifty Smallcap 250
- Volatility (3Y)18.48 %
- Sharpe Ratio (3Y)0.32
- Beta (3Y)0.93
- 52-week High / Low₹104.5623 / ₹75.1593
- Max Drawdown-27.2 %
- Launched12 May 2014
- Lock-inNone
- Portfolio Turnover39 %
- Fund ManagersVenugopal Manghat, Mayank Chaturvedi
Performance chart
Benchmark: Nifty Smallcap 250 price index (excludes dividends, so it slightly understates the index's total return). Past performance may or may not be sustained in future.
Quick take
- Over 3 years it returned 12.5% a year, against Nifty Smallcap 250 12.3%.
- Volatility over 3 years was 18.5% a year (Nifty Smallcap 250: 19.2%), with a Sharpe ratio of 0.32.
- Its biggest fall from a peak was 27.2% (11 Dec 2024 to 3 Mar 2025).
- It did better than the Nifty Smallcap 250 in 1 of the last 3 calendar years.
- Across all 3-year periods since launch, yearly returns ranged from 12.8% to 21.6% and were positive 100% of the time.
- Expense ratio 0.77%, fund size ₹18,513 crore.
Pros
AI- Every 3-year period since launch gave a positive return (lowest 12.8% a year).
- Fell less than the Nifty Smallcap 250 in all 3 of its big falls since launch.
Cons
AI- Beat the Nifty Smallcap 250 in only 13% of rolling 3-year periods.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -1.35% | -2.54% | +0.30% | +14.18% | +12.05% | +8.95% | -1.38% | +12.46% | — | — | — | +17.86% |
| Nifty Smallcap 250 | +0.36% | -1.26% | -2.60% | +8.88% | +5.71% | +3.04% | -2.38% | +12.32% | +12.16% | +21.49% | +13.44% | +14.28% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Regular Growth plans in Small Cap Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| This fund | +12.05% | -10.63% | +29.82% | +47.56% |
| Nifty Smallcap 250 | +5.71% | -6.01% | +26.43% | +48.10% |
| Difference | +6.34% | -4.62% | +3.39% | -0.54% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.7 | 2.2 | -9.9 | 17.8 | 3.0 | 5.5 | -0.5 | 7.1 | -3.3 | -2.2 | |||
| 2025 | -11.7 | -14.0 | 8.2 | 1.3 | 8.9 | 5.2 | -2.4 | -4.3 | 0.8 | 3.0 | -2.0 | -1.3 | -10.6 |
| 2024 | 5.5 | -1.8 | -2.3 | 9.3 | 1.3 | 10.7 | 3.1 | 0.4 | 2.0 | -2.5 | 1.4 | 0.4 | 29.8 |
| 2023 | -0.1 | -0.5 | 1.0 | 5.2 | 4.2 | 6.0 | 5.8 | 6.5 | 0.5 | -1.3 | 9.7 | 3.1 | 47.6 |
| 2022 | -1.4 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 29 of 47 months shown (62%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 18.48% | 17.19% |
| Nifty Smallcap 250 volatility ? | 19.18% | 17.99% |
| Sharpe ratio ? | 0.32 | — |
| Sortino ratio ? | 0.43 | — |
| Beta ? | 0.93 | 0.92 |
| Alpha (yearly) ? | 0.55% | — |
| R-squared ? | 0.93 | 0.92 |
| Up-market capture ? | 97.50% | 94.00% |
| Down-market capture ? | 95.20% | 84.30% |
| Maximum drawdown | -27.16% | -27.16% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
When the Nifty Smallcap 250 fell more than 10%
| Fall (peak to bottom) | Nifty Smallcap 250 | This fund | Difference | Fund, 1 year after bottom | Index, 1 year after bottom |
|---|---|---|---|---|---|
| 23 Sep 2024 → 3 Mar 2025 | -26.1% | -25.4% | +0.7 | 12.1% | 13.3% |
| 7 Feb 2024 → 13 Mar 2024 | -12.5% | -11.0% | +1.5 | 6.3% | 4.6% |
| 14 Dec 2022 → 28 Mar 2023 | -13.6% | -6.3% | +7.3 | 53.0% | 67.8% |
Every fall of more than 10% in the benchmark since the fund was launched, measured between the index's peak and bottom dates. "Difference" in percentage points: positive means the fund fell less.
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 11 Dec 2024 | 3 Mar 2025 | -27.2% | 18 Aug 2026 | 18 months |
| 7 Feb 2024 | 13 Mar 2024 | -11.0% | 10 Apr 2024 | 28 days |
| 16 Oct 2024 | 13 Nov 2024 | -10.0% | 6 Dec 2024 | 23 days |
| 5 Dec 2022 | 23 Dec 2022 | -8.2% | 18 Apr 2023 | 4 months |
| 8 Sep 2026 | 16 Oct 2026 | -6.3% | Not yet | — |
| 11 Sep 2023 | 26 Oct 2023 | -6.1% | 13 Nov 2023 | 18 days |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR | Nifty Smallcap 250 XIRR |
|---|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,30,983 | ₹10,983 | +17.33% | +9.55% |
| 3Y | ₹3,60,000 | ₹4,08,508 | ₹48,508 | +8.38% | +5.94% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Small Cap Funds (35)
| S.No. | Scheme (Regular plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Abakkus Small Cap FundAbakkus Mutual Fund | ₹12.0600 | — | — | — | — | — | — | — | — |
| 2. | Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | ₹96.7770 | — | — | — | — | — | — | — | — |
| 3. | Axis Small Cap FundAxis Mutual Fund | ₹112.5000 | — | — | — | — | — | — | — | — |
| 4. | Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund | ₹10.8170 | — | — | — | — | — | — | — | — |
| 5. | BANDHAN Small Cap FundBandhan Mutual Fund | ₹51.0180 | — | — | — | — | — | — | — | — |
| 6. | BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund | ₹58.1100 | — | — | — | — | — | — | — | — |
| 7. | Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund | ₹13.7468 | — | — | — | — | — | — | — | — |
| 8. | Canara Robeco Small Cap FundCanara Robeco Mutual Fund | ₹39.0500 | — | — | — | — | — | — | — | — |
| 9. | DSP Small Cap FundDSP Mutual Fund | ₹224.7120 | — | — | — | — | — | — | — | — |
| 10. | Edelweiss Small Cap FundEdelweiss Mutual Fund | ₹45.5780 | — | — | — | — | — | — | — | — |
| 11. | Franklin India Small Cap FundFranklin Templeton Mutual Fund | ₹171.8744 | — | — | — | — | — | — | — | — |
| 12. | Groww Small Cap FundGroww Mutual Fund | ₹12.5224 | — | — | — | — | — | — | — | — |
| 13. | HDFC Small Cap FundHDFC Mutual Fund | ₹134.9790 | — | — | — | — | — | — | — | — |
| 14. | Helios Small Cap FundHelios Mutual Fund | ₹11.1200 | — | — | — | — | — | — | — | — |
| 15. | ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | ₹89.1100 | — | — | — | — | — | — | — | — |
| 16. | Invesco India Small Cap FundInvesco Mutual Fund | ₹46.1800 | — | — | — | — | — | — | — | — |
| 17. | ITI Small Cap FundITI Mutual Fund | ₹32.7462 | — | — | — | — | — | — | — | — |
| 18. | JM Small Cap FundJM Financial Mutual Fund | ₹11.2357 | — | — | — | — | — | — | — | — |
| 19. | Kotak Small Cap FundKotak Mahindra Mutual Fund | ₹264.6110 | — | — | — | — | — | — | — | — |
| 20. | LIC MF Small Cap FundLIC Mutual Fund | ₹34.0441 | — | — | — | — | — | — | — | — |
| 21. | Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | ₹21.8710 | — | — | — | — | — | — | — | — |
| 22. | Mirae Asset Small Cap FundMirae Asset Mutual Fund | ₹12.2320 | — | — | — | — | — | — | — | — |
| 23. | Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund | ₹16.5814 | — | — | — | — | — | — | — | — |
| 24. | Nippon India Small Cap FundNippon India Mutual Fund | ₹178.8689 | — | — | — | — | — | — | — | — |
| 25. | PGIM India Small Cap FundPGIM India Mutual Fund | ₹17.8200 | — | — | — | — | — | — | — | — |
| 26. | Quant Small Cap Fundquant Mutual Fund | ₹285.2938 | — | — | — | — | — | — | — | — |
| 27. | QUANTUM SMALL CAP FUNDQuantum Mutual Fund | ₹13.1300 | — | — | — | — | — | — | — | — |
| 28. | Samco Small Cap FundSamco Mutual Fund | ₹12.2200 | — | — | — | — | — | — | — | — |
| 29. | SBI SMALL CAP FUNDSBI Mutual Fund | ₹177.5032 | — | — | — | — | — | — | — | — |
| 30. | Sundaram Small Cap FundSundaram Mutual Fund | ₹286.4531 | — | — | — | — | — | — | — | — |
| 31. | Tata Small Cap FundTata Mutual Fund | ₹38.4462 | — | — | — | — | — | — | — | — |
| 32. | The Wealth Company Small Cap FundThe Wealth Company Mutual Fund | ₹11.4485 | — | — | — | — | — | — | — | — |
| 33. | TRUSTMF SMALL CAP FUNDTrust Mutual Fund | ₹13.1700 | — | — | — | — | — | — | — | — |
| 34. | Union Small Cap FundUnion Mutual Fund | ₹58.0100 | — | — | — | — | — | — | — | — |
| 35. | UTI Small Cap FundUTI Mutual Fund | ₹26.3933 | — | — | — | — | — | — | — | — |
| Median: 35 schemes | — | — | — | — | — | — | — | — | — |
Detailed comparison with another fund About Small Cap Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- 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.
- Fund managers
- Venugopal Manghat, Mayank Chaturvedi
- Fund house
- HSBC Mutual Fund
- Category
- Small Cap Funds · Equity
- Benchmark used here
- Nifty Smallcap 250 (price index)
- Plan / option
- Regular · Growth
- AMFI scheme code
- 151130
- ISIN
- INF917K01QA1
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Small Cap Funds
Small Cap Funds invest at least 65% in small-cap companies (251st and smaller). They carry the highest risk among diversified equity funds and can fall much more than the market in bad years.
Generally used by experienced investors with a long horizon (7–10 years) and a high tolerance for risk.
Other plans of this scheme
Tax on your gains
Likely tax treatment: Equity-oriented fund
- Held 12 months or less: short-term gain taxed at 20%.
- Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: HSBC Mutual Fund
- HSBC India Export Opportunities Fund completes 2 years: How a ₹10,000 monthly SIP performedCNBC TV18 · Yesterday
- HSBC Mutual Fund uses everyday habits to promote SIP discipline in new campaign filmmarketech apac · 6 Oct
- HSBC Mutual Fund launches #StayDiSIPlined campaign to encourage investors to make SIP investing a routine, not a reaction to market volatilityTheWire.in · 1 Oct
- Anuj Rathi named next HSBC Mutual Fund CEOLivemint · 29 Sep
- HSBC Mutual Fund launches #StayDiSIPlined investor education campaignMediaBrief · 28 Sep
- India now has 3.5 household incomes -Kailash Kulkarni, HSBC Mutual FundPitchOnnet · 23 Sep
- Interview with Kailash Kulkarni, CEO at HSBC Mutual FundValue Research · 21 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of HSBC Small Cap Fund today?
What returns has HSBC Small Cap Fund given?
What is the expense ratio of HSBC Small Cap Fund?
How risky is this fund?
What is the difference between Direct and Regular plans?
What are Small Cap Funds?
How are gains from HSBC Small Cap Fund taxed?
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