HSBC Midcap Fund review: Sustained improvement needed to overcome erratic performance
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of HSBC Midcap Fund, its portfolio and performance to help you make an informed investment decision.Income Tax Guide
Income Tax Slabs FY 2025-26
Income Tax Calculator 2025
New Income Tax Bill 2025
BASIC FACTS
DATE OF LAUNCH9 AUG 2004
CATEGORY
EQUITY
TYPE
MIDCAP
AUM*
Live Events
Rs.9,541 croreBENCHMARK
NIFTY MIDCAP 150 TOTAL RETURN INDEX
WHAT IT COSTS
NAV**ROWTH OPTION
Rs.338.36
IDCW
Rs.69.19
MINIMUM INVESTMENT
Rs.5,000
Rs.500
EXPENSE RATIO# (%)
1.75
EXIT LOAD
For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days.
*AS ON 28 FEB 2025
**AS ON 2 APR 2025
#AS ON 28 FEB 2025
FUND MANAGER
VENUGOPAL MANGHAT /CHEENU GUPTA (RIGHT)1 YEAR, 5 MONTHS/2 YEARS, 4 MONTHS
Recent portfolio changes
New entrantsKaynes Technology India (Jan) Abbott India, Ashok Leyland, Axis Bank, Mahindra & Mahindra (Feb)
Complete exits
Kalyan Jewellers India, Power Finance Corporation, REC (Jan)
Should You Buy
This mid cap fund (earlier L&T Midcap) runs a sizeable allocation in large and small caps. Its preference is for scalable businesses with strong execution capability, proven management track record and strong financials. Quality of business, ESG and valuation are key parameters for consideration. The fund runs a heavily diversified portfolio, yet takes healthy positions in its top bets. The fund has exhibited erratic performance over the years, unable to deliver consistently. Even as it outperformed sharply last year, only a sustained improvement would warrant a relook at this fund.This story originally appeared on: India Times - Author:Faqs of Insurances
