Franklin India Large Cap Fund vs HSBC Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Large Cap Fund and HSBC Large Cap Fund are both Large Cap funds. In the 3 years to 30-10-2026, Franklin India Large Cap Fund (Direct) returned 10.1% a year and HSBC Large Cap Fund (Direct) returned 10.3% a year. Franklin India Large Cap Fund charges 1.45% a year and HSBC Large Cap Fund 1.42% (Direct plans). Their portfolios overlap 58.3%: they hold 21 of the same securities.
Franklin India Large Cap Fund
Large Cap
- 3 year return
- 10.1%
- Expense ratio
- 1.45%
- NAV
- ₹1,092.77
Which is better, Franklin India Large Cap or HSBC Large 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 Large Cap returned more over 5 years: 8.2% a year against 7.0%.
- HSBC Large Cap returned more over 3 years: 10.3% a year against 10.1%.
- HSBC Large Cap costs less: 1.42% a year against 1.45% (Direct plans).
- Franklin India Large Cap swung less over 3 years: a standard deviation of 12.8% a year against 14.1%.
- HSBC Large Cap fell less in its worst fall since 02-01-2013: −36.0% against −36.3%.
- Franklin India Large Cap holds more in large companies: 92.2% of the fund in large caps against 81.2%.
- Franklin India Large Cap is the larger fund: ₹6,906 Cr against ₹1,755 Cr.
- Their portfolios overlap 58.3%: 21 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 | Franklin India Large Cap Fund | HSBC Large Cap Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | HSBC Mutual Fund |
| Category | Large Cap | Large Cap |
| AUM | ₹6,906 Cr (30-09-2026) | ₹1,755 Cr (30-09-2026) |
| NAV | ₹1,092.77 (Direct) | ₹513.79 (Direct) |
| Expense ratio (Direct) | 1.45% | 1.42% |
| Expense ratio (Regular) | 2.15% | 2.32% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 100 TRI | Nifty 100 TRI |
| Launch date | 01-12-1993 | 10-12-2002 |
| Minimum investment | 5000/1 | Rs. 5,000 per application |
| Lock in | None | None |
| Fund managers | Venkatesh Sanjeevi, Ajay Argal, Sandeep Manam | Neelotpal Sahai, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit load of 1% if redeemed within 1 year | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Franklin India Large Cap vs HSBC Large 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 |
|---|---|---|---|---|---|---|---|
| Franklin India Large Cap Fund (Direct) | +2.29% | −4.21% | −0.14% | −6.59% | +10.11% | +7.03% | +10.57% |
| HSBC Large Cap Fund (Direct) | 0.00% | −3.95% | −0.25% | −5.32% | +10.25% | +8.24% | +11.64% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 35 Large Cap funds, same plan type.
Franklin India Large Cap vs HSBC Large Cap: Year-wise Returns
| Year | Franklin IndiaFranklin India Large Cap | HSBCHSBC Large Cap | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −7.58% | −6.78% | −9.32% |
| 2025 | +9.25% | +5.78% | +10.24% |
| 2024 | +17.14% | +19.42% | +12.95% |
| 2023 | +22.80% | +24.69% | +21.24% |
| 2022 | −1.48% | +1.46% | +4.94% |
| 2021 | +33.72% | +23.86% | +26.45% |
Franklin India Large Cap vs HSBC Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 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.
Franklin India Large Cap Fund (Direct)
HSBC Large Cap Fund (Direct)
Nifty 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Large Cap | 4.3 | 4.4 | 14.9 | 40.6 | 27.6 | 7.2 | 1.0 | 13.0% | 13.5% | −8.0% | 30.0% | 42% |
| HSBC Large Cap | 1.0 | 4.9 | 9.7 | 46.1 | 31.1 | 7.0 | 0.3 | 13.7% | 13.8% | −4.7% | 28.7% | 49% |
| Nifty 100 TRI | 0.9 | 3.8 | 11.1 | 47.2 | 30.6 | 5.1 | 1.4 | 13.6% | 13.8% | −5.0% | 31.4% | -- |
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 Nifty 100 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 02-01-2013. Past returns do not promise future returns.
Franklin India Large Cap vs HSBC Large 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Large CapFranklin India Large Cap Fund (Direct) | ₹16,60,000 | ₹37,69,887 | ₹21,09,887 | 11.1% |
| HSBC Large CapHSBC Large Cap Fund (Direct) | ₹16,60,000 | ₹39,62,495 | ₹23,02,495 | 11.8% |
Franklin India Large CapFranklin India Large Cap Fund (Direct)
HSBC Large CapHSBC Large 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.
Franklin India Large Cap vs HSBC Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Large Cap Fund (Direct) | HSBC Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.59% | −5.32% |
| Standard deviation | 13.44% | 14.50% |
| Sharpe ratio | -0.88 | -0.73 |
| Sortino ratio | -1.18 | -0.97 |
| Maximum drawdown | −14.0% (31-03-2026) | −13.8% (31-03-2026) |
| Beta | 0.94 | 1.02 |
| Alpha | +1.31% | +3.62% |
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 | Franklin India Large Cap Fund (Direct) | HSBC Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.11% | +10.25% |
| Standard deviation | 12.77% | 14.12% |
| Sharpe ratio | 0.32 | 0.30 |
| Sortino ratio | 0.45 | 0.41 |
| Maximum drawdown | −16.3% (04-03-2025) | −17.7% (28-02-2025) |
| Beta | 0.90 | 1.01 |
| Alpha | +1.32% | +1.14% |
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 | Franklin India Large Cap Fund (Direct) | HSBC Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.03% | +8.24% |
| Standard deviation | 13.21% | 14.37% |
| Sharpe ratio | 0.09 | 0.17 |
| Sortino ratio | 0.13 | 0.23 |
| Maximum drawdown | −18.4% (17-06-2022) | −19.3% (17-06-2022) |
| Beta | 0.92 | 1.01 |
| Alpha | −0.07% | +1.01% |
From daily NAVs, 29-10-2021 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.
| Measure | Franklin India Large Cap Fund (Direct) | HSBC Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.64% | +11.94% |
| Standard deviation | 15.32% | 16.15% |
| Sharpe ratio | 0.37 | 0.37 |
| Sortino ratio | 0.50 | 0.50 |
| Maximum drawdown | −36.3% (23-03-2020) | −36.0% (23-03-2020) |
| Beta | 0.93 | 1.00 |
| Alpha | +0.06% | −0.03% |
From daily NAVs, 01-01-2013 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.
Franklin India Large Cap Fund (Direct)
HSBC Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Large Cap Fund (Direct) | −36.3% | 24-01-2020 | 23-03-2020 | 10-11-2020 | 8 months | −8.7% |
| HSBC Large Cap Fund (Direct) | −36.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.2% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 02-01-2013, 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.
Franklin India Large Cap Fund (Direct)
HSBC Large Cap Fund (Direct)
Nifty 100 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.
Franklin India Large Cap Fund (Direct)
HSBC Large Cap Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Large Cap Fund (Direct)
HSBC Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India Large Cap Fund (Direct) | 96% | 95% | 4.33% |
| HSBC Large Cap Fund (Direct) | 98% | 96% | 3.41% |
From month-end values since 02-01-2013. 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.
Franklin India Large Cap vs HSBC Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Large Cap Fund, September 2026; HSBC Large Cap Fund, September 2026
Holdings in common
- Overlap
- 58.3%
- Held by both
- 21
- Only in Franklin India Large Cap
- 14
- Only in HSBC Large Cap
- 16
| Security | % of Franklin India Large Cap | % of HSBC Large Cap |
|---|---|---|
| ICICI Bank Ltd | 9.64% | 8.66% |
| HDFC Bank Ltd | 6.59% | 8.48% |
| Larsen & Toubro Ltd | 5.06% | 5.36% |
| Reliance Industries Ltd | 3.92% | 6.26% |
| Eternal Ltd | 3.90% | 4.56% |
| State Bank of India | 4.72% | 3.83% |
| Bharti Airtel Ltd | 3.92% | 3.50% |
| Mahindra & Mahindra Ltd | 6.06% | 2.94% |
| Interglobe Aviation Ltd | 3.18% | 2.84% |
| Infosys Ltd | 3.44% | 2.83% |
| ITC Ltd | 2.13% | 2.25% |
| Apollo Hospitals Enterprise Ltd | 3.06% | 2.09% |
| Tata Motors Ltd | 2.06% | 2.40% |
| Ultratech Cement Ltd | 1.72% | 1.87% |
| Polycab India Ltd | 1.45% | 1.83% |
| National Stock Exchange Of India Ltd | 1.22% | 1.14% |
| Tata Consumer Products Ltd | 1.93% | 1.08% |
| SBI Life Insurance Co Ltd | 3.86% | 0.97% |
| Trent Ltd | 0.94% | 1.01% |
| Billionbrains Garage Ventures Ltd | 1.43% | 0.52% |
| Axis Bank Ltd | 0.15% | 2.79% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.3% means 58.3% 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 Franklin India Large Cap Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd | 5.63% |
| Bajaj Finserv Ltd | 4.15% |
| Torrent Pharmaceuticals Ltd | 4.10% |
| Hindalco Industries Ltd | 2.90% |
| Life Insurance Corporation Of India | 1.82% |
Largest holdings only in HSBC Large Cap Fund
| Security | % of fund |
|---|---|
| Sterlite Technologies Limited | 5.70% |
| Shriram Finance Limited | 4.48% |
| TVS Motor Company Limited | 2.34% |
| Bajaj Finance Limited | 2.19% |
| Mankind Pharma Limited | 2.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Large Cap | HSBC Large Cap |
|---|---|---|
| Equity | 98.7% | 96.7% |
| Debt | 0.1% | 0.0% |
| Cash and others | 1.1% | 3.3% |
Market cap of stocks
| Market cap | Franklin India Large Cap | HSBC Large Cap |
|---|---|---|
| Large Cap | 92.2% | 81.2% |
| Mid Cap | 5.3% | 7.3% |
| Small Cap | 0.0% | 6.8% |
| Not on AMFI's list | 1.2% | 1.5% |
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 | Franklin India Large Cap | HSBC Large Cap |
|---|---|---|
| Banks | 26.7% | 23.8% |
| Retailing | 6.3% | 9.8% |
| Finance | 4.2% | 6.7% |
| Petroleum Products | 3.9% | 6.3% |
| Automobiles | 6.1% | 5.3% |
| IT - Software | 5.9% | 5.0% |
| Telecom - Equipment & Accessories | 0.0% | 5.7% |
| Insurance | 5.7% | 1.0% |
| Construction | 5.1% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Large Cap vs HSBC Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Large Cap Fund | HSBC Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.45% | 1.42% |
| Base expense ratio (Direct) | 0.95% | 1.03% |
| Total expense ratio (Regular) | 2.15% | 2.32% |
| Base expense ratio (Regular) | 1.55% | 1.79% |
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 Franklin India Large Cap with
Franklin India Large Cap Fund vs HSBC Large Cap Fund: Frequently Asked Questions
What is the difference between Franklin India Large Cap Fund and HSBC Large Cap Fund?
Both are Large Cap funds, run by Franklin Templeton Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 58.3%. Franklin India Large Cap Fund charges 1.45% a year and HSBC Large Cap Fund 1.42%.
Which has given higher returns, Franklin India Large Cap Fund or HSBC Large Cap Fund?
Over 1 year: Franklin India Large Cap Fund −6.59%, HSBC Large Cap Fund −5.32%. Over 3 years: Franklin India Large Cap Fund +10.11% a year, HSBC Large Cap Fund +10.25% a year. Over 5 years: Franklin India Large Cap Fund +7.03% a year, HSBC Large Cap Fund +8.24% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Large Cap Fund or HSBC Large Cap Fund?
HSBC Large Cap Fund charges less: 1.42% a year against 1.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Large Cap Fund and HSBC Large Cap Fund overlap?
58.3%. They hold 21 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, LT. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Large Cap Fund or HSBC Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,461 in Franklin India Large Cap Fund (XIRR 7.1% a year) and ₹7,40,216 in HSBC Large Cap Fund (XIRR 7.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Large Cap Fund and HSBC Large Cap Fund?
Yes. 58.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Franklin India Large Cap Fund and HSBC Large Cap Fund?
Franklin India Large Cap Fund: Venkatesh Sanjeevi, Ajay Argal, Sandeep Manam. HSBC Large Cap Fund: Neelotpal Sahai, 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.