360 One Flexicap Fund vs HSBC Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 One Flexicap Fund and HSBC Flexi Cap Fund are both Flexi Cap funds. In the 3 years to 30-10-2026, 360 One Flexicap Fund (Direct) returned 16.7% a year and HSBC Flexi Cap Fund (Direct) returned 14.8% a year. 360 One Flexicap Fund charges 0.92% a year and HSBC Flexi Cap Fund 1.31% (Direct plans). Their portfolios overlap 25.7%: they hold 18 of the same securities.
360 One Flexicap Fund
Flexi Cap
- 3 year return
- 16.7%
- Expense ratio
- 0.92%
- NAV
- ₹16.34
Which is better, 360 One Flexicap or HSBC Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- 360 One Flexicap returned more over 3 years: 16.7% a year against 14.8%.
- 360 One Flexicap returned more over 1 year: 1.8% against −1.6%.
- 360 One Flexicap costs less: 0.92% a year against 1.31% (Direct plans).
- 360 One Flexicap swung less over 3 years: a standard deviation of 15.2% a year against 15.7%.
- 360 One Flexicap fell less in its worst fall since 06-07-2023: −18.1% against −20.5%.
- HSBC Flexi Cap is the larger fund: ₹5,749 Cr against ₹2,246 Cr.
- Their portfolios overlap 25.7%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | 360 One Flexicap Fund | HSBC Flexi Cap Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | HSBC Mutual Fund |
| Category | Flexi Cap | Flexi Cap |
| AUM | ₹2,246 Cr (30-09-2026) | ₹5,749 Cr (30-09-2026) |
| NAV | ₹16.34 (Direct) | ₹248.80 (Direct) |
| Expense ratio (Direct) | 0.92% | 1.31% |
| Expense ratio (Regular) | 2.37% | 2.10% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 30-06-2023 | 24-02-2004 |
| Minimum investment | ₹1,000 | Rs. 5,000 per application |
| Lock in | None | None |
| Fund managers | Mayur Patel, Viral Mehta | Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit load of 1%, if redeemed within 365 days. | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
360 One Flexicap vs HSBC Flexi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| 360 One Flexicap Fund (Direct) | −3.18% | −1.98% | +6.94% | +1.77% | +16.69% | -- | -- |
| HSBC Flexi Cap Fund (Direct) | −2.94% | −2.70% | +1.11% | −1.57% | +14.84% | +11.82% | +12.72% |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 46 Flexi Cap funds, same plan type.
360 One Flexicap vs HSBC Flexi Cap: Year-wise Returns
| Year | 360 One Flexicap360 One Flexicap | HSBC Flexi CapHSBC Flexi Cap |
|---|---|---|
| 2026to date | +3.30% | −0.04% |
| 2025 | +2.31% | +2.15% |
| 2024 | +28.96% | +29.58% |
| 2023 | -- | +32.84% |
| 2022 | -- | −3.48% |
| 2021 | -- | +35.51% |
360 One Flexicap vs HSBC Flexi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of 360 One Flexicap Fund
Rolling returns
Every 3-year holding period, 80 of them, one for each trading day from 06-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
360 One Flexicap Fund (Direct)
HSBC Flexi Cap Fund (Direct)
BSE 500 TRI
to
Jul 2026Aug 2023
to
Aug 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 360 One Flexicap | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 17.8% | 17.8% | 15.2% | 19.8% | 100% |
| HSBC Flexi Cap | 0.0 | 0.0 | 0.0 | 22.5 | 77.5 | 0.0 | 0.0 | 16.2% | 16.2% | 13.7% | 18.0% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 30.0 | 70.0 | 0.0 | 0.0 | 0.0 | 11.1% | 11.5% | 8.4% | 12.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 06-07-2023. Past returns do not promise future returns.
360 One Flexicap vs HSBC Flexi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 06-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 360 One Flexicap360 One Flexicap Fund (Direct) | ₹4,00,000 | ₹4,66,185 | ₹66,185 | 9.2% |
| HSBC Flexi CapHSBC Flexi Cap Fund (Direct) | ₹4,00,000 | ₹4,52,830 | ₹52,830 | 7.4% |
360 One Flexicap360 One Flexicap Fund (Direct)
HSBC Flexi CapHSBC Flexi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
360 One Flexicap vs HSBC Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 One Flexicap Fund (Direct) | HSBC Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.77% | −1.57% |
| Standard deviation | 15.94% | 16.05% |
| Sharpe ratio | -0.22 | -0.42 |
| Sortino ratio | -0.30 | -0.57 |
| Maximum drawdown | −14.8% (23-03-2026) | −14.9% (31-03-2026) |
| Beta | 1.06 | 1.08 |
| Alpha | +10.26% | +6.75% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | 360 One Flexicap Fund (Direct) | HSBC Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.69% | +14.84% |
| Standard deviation | 15.21% | 15.74% |
| Sharpe ratio | 0.70 | 0.56 |
| Sortino ratio | 0.96 | 0.76 |
| Maximum drawdown | −18.1% (07-04-2025) | −20.5% (28-02-2025) |
| Beta | 1.01 | 1.07 |
| Alpha | +6.74% | +4.33% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | 360 One Flexicap Fund (Direct) | HSBC Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.79% | +14.46% |
| Standard deviation | 14.76% | 16.75% |
| Sharpe ratio | 0.66 | 0.50 |
| Sortino ratio | 0.89 | 0.68 |
| Maximum drawdown | −18.1% (07-04-2025) | −39.8% (23-03-2020) |
| Beta | 1.01 | 1.03 |
| Alpha | +6.53% | +1.47% |
From daily NAVs, 06-07-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
360 One Flexicap Fund (Direct)
HSBC Flexi Cap Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 One Flexicap Fund (Direct) | −18.1% | 24-09-2024 | 07-04-2025 | 02-07-2026 | 15 months | −5.9% |
| HSBC Flexi Cap Fund (Direct) | −20.5% | 24-09-2024 | 28-02-2025 | 22-06-2026 | 16 months | −7.5% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 06-07-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 One Flexicap Fund (Direct)
HSBC Flexi Cap Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 One Flexicap Fund (Direct)
HSBC Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| 360 One Flexicap Fund (Direct) | 115% | 83% | 5.16% |
| HSBC Flexi Cap Fund (Direct) | 114% | 91% | 5.37% |
From month-end values since 06-07-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
360 One Flexicap vs HSBC Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: 360 One Flexicap Fund, September 2026; HSBC Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 25.7%
- Held by both
- 18
- Only in 360 One Flexicap
- 40
- Only in HSBC Flexi Cap
- 66
| Security | % of 360 One Flexicap | % of HSBC Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 4.63% | 3.89% |
| Kotak Mahindra Bank Limited | 2.75% | 2.22% |
| Bharti Airtel Limited | 2.52% | 1.79% |
| MTAR Technologies Limited | 2.17% | 1.77% |
| Coforge Limited | 1.64% | 1.95% |
| Axis Bank Limited | 3.35% | 1.64% |
| Eternal Limited | 3.69% | 1.60% |
| PNB Housing Finance Limited | 1.47% | 1.59% |
| State Bank of India | 1.31% | 1.80% |
| Shriram Finance Limited | 1.25% | 1.45% |
| Cholamandalam Investment and Finance Company Ltd | 3.22% | 1.25% |
| Global Health Limited | 1.40% | 1.08% |
| Divi's Laboratories Limited | 1.70% | 1.03% |
| Varun Beverages Limited | 1.89% | 0.92% |
| Maruti Suzuki India Limited | 1.30% | 0.90% |
| Tech Mahindra Limited | 0.83% | 1.40% |
| Gk Energy Limited | 1.27% | 0.66% |
| CreditAccess Grameen Limited | 0.43% | 1.39% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.7% means 25.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in 360 One Flexicap Fund
| Security | % of fund |
|---|---|
| Indo-MIM Limited | 3.99% |
| Redington Limited | 3.60% |
| Tata Motors Ltd | 3.02% |
| Indus Towers Limited | 2.95% |
| Premier Energies Limited | 2.71% |
Largest holdings only in HSBC Flexi Cap Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 2.47% |
| TD Power Systems Limited | 2.31% |
| Karnataka Bank Ltd | 2.11% |
| Multi Commodity Exchange of India Ltd. | 1.99% |
| Samvardhana Motherson International Ltd | 1.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 One Flexicap | HSBC Flexi Cap |
|---|---|---|
| Equity | 96.8% | 98.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.2% | 1.2% |
Market cap of stocks
| Market cap | 360 One Flexicap | HSBC Flexi Cap |
|---|---|---|
| Large Cap | 45.2% | 45.9% |
| Mid Cap | 11.6% | 19.7% |
| Small Cap | 33.9% | 27.5% |
| Not on AMFI's list | 6.1% | 5.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | 360 One Flexicap | HSBC Flexi Cap |
|---|---|---|
| Banks | 14.6% | 15.2% |
| Finance | 10.9% | 9.4% |
| Electrical Equipment | 7.5% | 8.4% |
| IT - Software | 2.5% | 6.7% |
| Capital Markets | 2.9% | 6.0% |
| Pharmaceuticals & Biotechnology | 5.5% | 4.8% |
| Telecom - Services | 5.5% | 1.8% |
| Commercial Services & Supplies | 4.5% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
360 One Flexicap vs HSBC Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 One Flexicap Fund | HSBC Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.92% | 1.31% |
| Base expense ratio (Direct) | 0.50% | 0.92% |
| Total expense ratio (Regular) | 2.37% | 2.10% |
| Base expense ratio (Regular) | 1.73% | 1.59% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare 360 One Flexicap with
360 One Flexicap Fund vs HSBC Flexi Cap Fund: Frequently Asked Questions
What is the difference between 360 One Flexicap Fund and HSBC Flexi Cap Fund?
Both are Flexi Cap funds, run by 360 ONE Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 25.7%. 360 One Flexicap Fund charges 0.92% a year and HSBC Flexi Cap Fund 1.31%.
Which has given higher returns, 360 One Flexicap Fund or HSBC Flexi Cap Fund?
Over 1 year: 360 One Flexicap Fund +1.77%, HSBC Flexi Cap Fund −1.57%. Over 3 years: 360 One Flexicap Fund +16.69% a year, HSBC Flexi Cap Fund +14.84% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, 360 One Flexicap Fund or HSBC Flexi Cap Fund?
360 One Flexicap Fund charges less: 0.92% a year against 1.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 One Flexicap Fund and HSBC Flexi Cap Fund overlap?
25.7%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, KOTAKBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, 360 One Flexicap Fund or HSBC Flexi Cap Fund?
On SEBI's riskometer, 360 One Flexicap Fund is rated Very High and HSBC Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.21% and 15.74% a year.
Which is better for SIP, 360 One Flexicap Fund or HSBC Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,18,240 in 360 One Flexicap Fund (XIRR 7.9% a year) and ₹4,06,795 in HSBC Flexi Cap Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both 360 One Flexicap Fund and HSBC Flexi Cap Fund?
Yes. 25.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages 360 One Flexicap Fund and HSBC Flexi Cap Fund?
360 One Flexicap Fund: Mayur Patel, Viral Mehta. HSBC Flexi Cap Fund: Abhishek Gupta, Mayank Chaturvedi, Dipan S. Parikh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.