Aditya Birla Sun Life Multi-Cap Fund vs HSBC Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Multi-Cap Fund and HSBC Multi Cap Fund are both Multi Cap funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Multi-Cap Fund (Direct) returned 13.9% a year and HSBC Multi Cap Fund (Direct) returned 16.4% a year. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and HSBC Multi Cap Fund 0.80% (Direct plans). Their portfolios overlap 32.8%: they hold 33 of the same securities.
Aditya Birla Sun Life Multi-Cap Fund
Multi Cap
- 3 year return
- 13.9%
- Expense ratio
- 1.02%
- NAV
- ₹21.63
Which is better, Aditya Birla Sun Life Multi-Cap or HSBC Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Multi Cap returned more over 3 years: 16.4% a year against 13.9%.
- Aditya Birla Sun Life Multi-Cap returned more over 1 year: 0.6% against −0.1%.
- HSBC Multi Cap costs less: 0.80% a year against 1.02% (Direct plans).
- Aditya Birla Sun Life Multi-Cap swung less over 3 years: a standard deviation of 14.5% a year against 16.2%.
- Aditya Birla Sun Life Multi-Cap fell less in its worst fall since 03-02-2023: −19.9% against −20.1%.
- Aditya Birla Sun Life Multi-Cap is the larger fund: ₹7,244 Cr against ₹6,380 Cr.
- Their portfolios overlap 32.8%: 33 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 | Aditya Birla Sun Life Multi-Cap Fund | HSBC Multi Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | HSBC Mutual Fund |
| Category | Multi Cap | Multi Cap |
| AUM | ₹7,244 Cr (30-09-2026) | ₹6,380 Cr (30-09-2026) |
| NAV | ₹21.63 (Direct) | ₹19.86 (Direct) |
| Expense ratio (Direct) | 1.02% | 0.80% |
| Expense ratio (Regular) | 2.00% | 2.04% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 07-05-2021 | 30-01-2023 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhinav Khandelwal, Harshil Suvarnkar | Venugopal Manghat, Mahesh Chhabria, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Aditya Birla Sun Life Multi-Cap vs HSBC Multi 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | −2.96% | −2.79% | +3.94% | +0.60% | +13.90% | +11.47% | -- |
| HSBC Multi Cap Fund (Direct) | −3.78% | −3.51% | +0.87% | −0.09% | +16.40% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
Aditya Birla Sun Life Multi-Cap vs HSBC Multi Cap: Year-wise Returns
| Year | Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap | HSBC Multi CapHSBC Multi Cap | Nifty500 Multicap 50:25:25 TRI |
|---|---|---|---|
| 2026to date | +2.12% | +0.60% | −5.56% |
| 2025 | +3.12% | +2.42% | +5.29% |
| 2024 | +23.88% | +30.28% | +19.34% |
| 2023 | +29.94% | -- | +33.74% |
| 2022 | +1.43% | -- | +2.84% |
Aditya Birla Sun Life Multi-Cap vs HSBC Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 183 of them, one for each trading day from 03-02-2026 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.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
HSBC Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Feb 2026Apr 2023
to
Apr 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap | 0.0 | 0.0 | 0.0 | 23.0 | 77.0 | 0.0 | 0.0 | 16.1% | 16.0% | 12.2% | 19.5% | 54% |
| HSBC Multi Cap | 0.0 | 0.0 | 0.0 | 0.0 | 23.6 | 70.9 | 5.5 | 21.3% | 21.4% | 15.1% | 25.4% | 100% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 40.4 | 57.9 | 1.6 | 0.0 | 15.6% | 15.7% | 10.1% | 20.1% | -- |
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 Nifty500 Multicap 50:25:25 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 03-02-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Multi-Cap vs HSBC Multi 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap Fund (Direct) | ₹4,50,000 | ₹5,40,358 | ₹90,358 | 9.8% |
| HSBC Multi CapHSBC Multi Cap Fund (Direct) | ₹4,50,000 | ₹5,55,886 | ₹1,05,886 | 11.3% |
Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap Fund (Direct)
HSBC Multi CapHSBC Multi 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.
Aditya Birla Sun Life Multi-Cap vs HSBC Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Multi-Cap Fund (Direct) | HSBC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.60% | −0.09% |
| Standard deviation | 15.47% | 15.62% |
| Sharpe ratio | -0.30 | -0.34 |
| Sortino ratio | -0.40 | -0.46 |
| Maximum drawdown | −13.4% (23-03-2026) | −13.1% (23-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | +6.68% | +6.01% |
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 | Aditya Birla Sun Life Multi-Cap Fund (Direct) | HSBC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.90% | +16.40% |
| Standard deviation | 14.50% | 16.17% |
| Sharpe ratio | 0.54 | 0.64 |
| Sortino ratio | 0.74 | 0.87 |
| Maximum drawdown | −19.9% (28-02-2025) | −20.1% (28-02-2025) |
| Beta | 0.93 | 1.04 |
| Alpha | +2.98% | +4.92% |
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 | Aditya Birla Sun Life Multi-Cap Fund (Direct) | HSBC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.89% | +20.09% |
| Standard deviation | 13.85% | 15.03% |
| Sharpe ratio | 0.67 | 0.93 |
| Sortino ratio | 0.91 | 1.26 |
| Maximum drawdown | −19.9% (28-02-2025) | −20.1% (28-02-2025) |
| Beta | 0.91 | 1.03 |
| Alpha | +2.07% | +5.75% |
From daily NAVs, 10-05-2021 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.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
HSBC Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | −19.9% | 24-09-2024 | 28-02-2025 | 18-06-2026 | 16 months | −7.3% |
| HSBC Multi Cap Fund (Direct) | −20.1% | 16-12-2024 | 28-02-2025 | 06-05-2026 | 14 months | −8.3% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 03-02-2023, 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.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
HSBC Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 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.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
HSBC Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | 103% | 97% | 3.80% |
| HSBC Multi Cap Fund (Direct) | 115% | 95% | 4.84% |
From month-end values since 03-02-2023. 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.
Aditya Birla Sun Life Multi-Cap vs HSBC Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi-Cap Fund, September 2026; HSBC Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 32.8%
- Held by both
- 33
- Only in Aditya Birla Sun Life Multi-Cap
- 53
- Only in HSBC Multi Cap
- 67
| Security | % of Aditya Birla Sun Life Multi-Cap | % of HSBC Multi Cap |
|---|---|---|
| TD Power Systems Ltd. | 2.70% | 3.10% |
| ICICI Bank Ltd. | 2.87% | 2.13% |
| Sai Life Sciences Ltd. | 1.89% | 2.11% |
| State Bank of India | 1.86% | 1.80% |
| Larsen & Toubro Ltd. | 1.85% | 1.51% |
| GE Vernova T&D India Ltd. | 1.64% | 1.44% |
| Eternal Ltd. | 2.63% | 1.41% |
| The Federal Bank Ltd. | 1.40% | 2.33% |
| Lenskart Solutions Ltd. | 2.31% | 1.38% |
| Shriram Finance Ltd. | 1.85% | 1.38% |
| Apar Industries Ltd. | 1.38% | 2.39% |
| Reliance Industries Ltd. | 1.31% | 1.87% |
| K.P.R. Mill Ltd. | 1.00% | 0.98% |
| Radico Khaitan Ltd. | 0.96% | 2.31% |
| TVS Motor Company Ltd. | 0.95% | 1.10% |
| Multi Commodity Exchange of India Ltd. | 0.95% | 1.39% |
| City Union Bank Ltd. | 1.30% | 0.91% |
| Bharat Heavy Electricals Ltd. | 1.43% | 0.90% |
| RBL Bank Ltd. | 2.09% | 0.83% |
| Craftsman Automation Ltd. | 1.66% | 0.77% |
| Ultratech Cement Ltd. | 0.71% | 1.01% |
| Bharat Forge Ltd. | 1.07% | 0.63% |
| Piramal Finance Ltd. | 0.85% | 0.57% |
| CG Power and Industrial Solutions Ltd. | 0.94% | 0.56% |
| Mahindra & Mahindra Financial Services Ltd. | 0.55% | 1.18% |
| Hindalco Industries Ltd. | 0.48% | 0.61% |
| Billionbrains Garage Ventures Ltd. | 0.47% | 0.68% |
| Navin Fluorine International Ltd. | 0.41% | 1.89% |
| Trent Ltd. | 0.50% | 0.40% |
| Persistent Systems Ltd. | 2.10% | 0.32% |
| One 97 Communications Ltd. | 2.35% | 0.29% |
| Sumitomo Chemical India Ltd. | 0.25% | 0.52% |
| Nippon Life India Asset Management Ltd. | 0.19% | 1.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.8% means 32.8% 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 Aditya Birla Sun Life Multi-Cap Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Ltd. | 2.46% |
| Adani Energy Solutions Ltd. | 2.31% |
| Granules India Ltd. | 1.87% |
| S.J.S. Enterprises Ltd. | 1.86% |
| Ather Energy Ltd. | 1.83% |
Largest holdings only in HSBC Multi Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 2.85% |
| Engineers India Limited | 2.27% |
| Tata Motors Limited | 1.81% |
| HAPPY FORGINGS LIMITED | 1.60% |
| FINOLEX CABLES LTD | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Multi-Cap | HSBC Multi Cap |
|---|---|---|
| Equity | 95.8% | 97.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 2.5% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Multi-Cap | HSBC Multi Cap |
|---|---|---|
| Large Cap | 35.1% | 36.1% |
| Mid Cap | 28.5% | 25.9% |
| Small Cap | 28.1% | 31.1% |
| Not on AMFI's list | 4.1% | 4.5% |
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 | Aditya Birla Sun Life Multi-Cap | HSBC Multi Cap |
|---|---|---|
| Banks | 12.6% | 13.7% |
| Electrical Equipment | 8.9% | 11.0% |
| Auto Components | 9.3% | 1.4% |
| Pharmaceuticals & Biotechnology | 5.3% | 8.6% |
| Retailing | 7.8% | 4.0% |
| Industrial Products | 1.7% | 7.4% |
| IT - Software | 5.1% | 2.6% |
| Capital Markets | 2.4% | 4.5% |
| Automobiles | 3.9% | 4.5% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Multi-Cap vs HSBC Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Multi-Cap Fund | HSBC Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 0.80% |
| Base expense ratio (Direct) | 0.69% | 0.52% |
| Total expense ratio (Regular) | 2.00% | 2.04% |
| Base expense ratio (Regular) | 1.55% | 1.57% |
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 Aditya Birla Sun Life Multi-Cap with
Aditya Birla Sun Life Multi-Cap Fund vs HSBC Multi Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi-Cap Fund and HSBC Multi Cap Fund?
Both are Multi Cap funds, run by Aditya Birla Sun Life Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 32.8%. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and HSBC Multi Cap Fund 0.80%.
Which has given higher returns, Aditya Birla Sun Life Multi-Cap Fund or HSBC Multi Cap Fund?
Over 1 year: Aditya Birla Sun Life Multi-Cap Fund +0.60%, HSBC Multi Cap Fund −0.09%. Over 3 years: Aditya Birla Sun Life Multi-Cap Fund +13.90% a year, HSBC Multi Cap Fund +16.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Multi-Cap Fund or HSBC Multi Cap Fund?
HSBC Multi Cap Fund charges less: 0.80% a year against 1.02%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Multi-Cap Fund and HSBC Multi Cap Fund overlap?
32.8%. They hold 33 of the same securities, the largest shared ones being TDPOWERSYS, ICICIBANK, SAILIFE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Multi-Cap Fund or HSBC Multi Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Multi-Cap Fund is rated Very High and HSBC Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.50% and 16.17% a year.
Which is better for SIP, Aditya Birla Sun Life Multi-Cap Fund or HSBC Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,10,821 in Aditya Birla Sun Life Multi-Cap Fund (XIRR 6.7% a year) and ₹4,09,644 in HSBC Multi Cap Fund (XIRR 6.6% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Multi-Cap Fund and HSBC Multi Cap Fund?
Yes. 32.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Multi-Cap Fund and HSBC Multi Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund: Abhinav Khandelwal, Harshil Suvarnkar. HSBC Multi Cap Fund: Venugopal Manghat, Mahesh Chhabria, 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.