Groww Small Cap Fund vs HSBC Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Small Cap Fund and HSBC Small Cap Fund are both Small Cap funds. Groww Small Cap Fund charges 1.06% a year and HSBC Small Cap Fund 0.78% (Direct plans). Their portfolios overlap 19.5%: they hold 22 of the same securities.
Which is better, Groww Small Cap or HSBC Small 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 Small Cap costs less: 0.78% a year against 1.06% (Direct plans).
- Groww Small Cap fell less in its worst fall since 02-02-2026: −10.8% against −13.0%.
- HSBC Small Cap is the larger fund: ₹18,513 Cr against ₹966 Cr.
- Their portfolios overlap 19.5%: 22 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 | Groww Small Cap Fund | HSBC Small Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | HSBC Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹966 Cr (30-09-2026) | ₹18,513 Cr (30-09-2026) |
| NAV | ₹12.09 (Direct) | ₹93.25 (Direct) |
| Expense ratio (Direct) | 1.06% | 0.78% |
| Expense ratio (Regular) | 2.70% | 1.79% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 29-01-2026 | 12-05-2014 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity) | 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. |
Groww Small Cap vs HSBC Small 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 |
|---|---|---|---|---|---|---|---|
| Groww Small Cap Fund (Direct) | −6.67% | +0.37% | +10.28% | -- | -- | -- | -- |
| HSBC Small Cap Fund (Direct) | −6.97% | −3.04% | +4.17% | +2.35% | +11.75% | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Groww Small Cap vs HSBC Small Cap: Year-wise Returns
| Year | GrowwGroww Small Cap | HSBCHSBC Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | -- | +6.60% | +1.00% |
| 2025 | -- | −10.63% | −5.48% |
| 2024 | -- | +29.82% | +27.21% |
| 2023 | -- | +47.56% | +49.09% |
Groww Small Cap vs HSBC Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both
Groww Small Cap vs HSBC Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Small Cap Fund (Direct) | HSBC Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.80% | +16.18% |
| Standard deviation | 18.04% | 17.11% |
| Sharpe ratio | 1.31 | 0.58 |
| Sortino ratio | 1.86 | 0.79 |
| Maximum drawdown | −10.8% (23-10-2026) | −27.2% (03-03-2025) |
| Beta | 0.86 | 0.92 |
| Alpha | +17.88% | +1.09% |
From daily NAVs, 02-02-2026 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.
Groww Small Cap Fund (Direct)
HSBC Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Small Cap Fund (Direct) | −10.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| HSBC Small Cap Fund (Direct) | −13.0% | 11-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −10.8% |
| Nifty Smallcap 250 TRI | −13.0% | 11-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −9.4% |
From daily values since 02-02-2026, the first day every fund has.
Groww Small Cap vs HSBC Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Small Cap Fund, September 2026; HSBC Small Cap Fund, September 2026
Holdings in common
- Overlap
- 19.5%
- Held by both
- 22
- Only in Groww Small Cap
- 45
- Only in HSBC Small Cap
- 86
| Security | % of Groww Small Cap | % of HSBC Small Cap |
|---|---|---|
| APAR INDUSTRIES LTD | 2.04% | 2.66% |
| Ather Energy Limited | 2.30% | 1.85% |
| CRAFTSMAN AUTOMATION LIMITED | 1.59% | 1.53% |
| City Union Bank Limited | 1.44% | 1.40% |
| Navin Fluorine International Limited | 1.38% | 1.88% |
| Multi Commodity Exchange of India Ltd. | 1.54% | 1.32% |
| Dhoot Transmission Limited | 1.14% | 1.03% |
| RBL Bank Limited | 0.98% | 1.21% |
| CarTrade Tech Limited | 0.94% | 1.03% |
| FINOLEX CABLES LTD | 0.88% | 1.67% |
| Engineers India Limited | 0.77% | 2.18% |
| Prudent Corporate Advisory Services Ltd | 1.71% | 0.76% |
| Creditaccess Grameen Limited | 1.13% | 0.72% |
| Karur Vysya Bank Limited | 0.71% | 2.04% |
| Krishna Institute of Medical Science Ltd | 0.88% | 0.66% |
| Sharda Motor Industries Limited | 1.67% | 0.58% |
| Sagility Limited | 1.63% | 0.57% |
| Angel One Limited | 0.52% | 0.46% |
| APL Apollo Tubes Limited | 1.05% | 0.31% |
| Data Patterns (India) Limited | 1.07% | 0.26% |
| Shriram Pistons & Rings Limited | 0.45% | 0.21% |
| Home First Finance Company India Limited | 1.55% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.5% means 19.5% 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 Groww Small Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Limited | 3.55% |
| Manipal Payment Identity Solutions Ltd | 3.50% |
| Ujjivan Small Finance Bank Limited | 2.89% |
| TENNECO CLEAN AIR INDIA LIMITED | 2.83% |
| OnEMI Technology Solutions Limited | 2.75% |
Largest holdings only in HSBC Small Cap Fund
| Security | % of fund |
|---|---|
| Sai Life Sciences Ltd. | 2.21% |
| Welspun Living Limited | 1.98% |
| PNB Housing Finance Limited | 1.96% |
| VIJAYA DIAGNOSTIC CENTRE LIMITED | 1.94% |
| The Federal Bank Limited | 1.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Small Cap | HSBC Small Cap |
|---|---|---|
| Equity | 87.6% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 12.4% | 0.8% |
Market cap of stocks
| Market cap | Groww Small Cap | HSBC Small Cap |
|---|---|---|
| Large Cap | 0.0% | 1.3% |
| Mid Cap | 10.5% | 21.5% |
| Small Cap | 61.5% | 73.6% |
| Not on AMFI's list | 15.6% | 2.8% |
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 | Groww Small Cap | HSBC Small Cap |
|---|---|---|
| Auto Components | 14.9% | 6.3% |
| Industrial Products | 7.0% | 13.4% |
| Electrical Equipment | 10.7% | 6.4% |
| Pharmaceuticals & Biotechnology | 2.6% | 9.5% |
| Banks | 8.3% | 7.6% |
| Finance | 7.2% | 6.0% |
| Capital Markets | 4.9% | 6.4% |
| Healthcare Services | 6.4% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Small Cap vs HSBC Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Small Cap Fund | HSBC Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.06% | 0.78% |
| Base expense ratio (Direct) | 0.48% | 0.57% |
| Total expense ratio (Regular) | 2.70% | 1.79% |
| Base expense ratio (Regular) | 1.93% | 1.43% |
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 Groww Small Cap with
Groww Small Cap Fund vs HSBC Small Cap Fund: Frequently Asked Questions
What is the difference between Groww Small Cap Fund and HSBC Small Cap Fund?
Both are Small Cap funds, run by Groww Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 19.5%. Groww Small Cap Fund charges 1.06% a year and HSBC Small Cap Fund 0.78%.
Which has the lower expense ratio, Groww Small Cap Fund or HSBC Small Cap Fund?
HSBC Small Cap Fund charges less: 0.78% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Small Cap Fund and HSBC Small Cap Fund overlap?
19.5%. They hold 22 of the same securities, the largest shared ones being APARINDS, ATHERENERG, CRAFTSMAN. From each fund's latest monthly portfolio.
Which is riskier, Groww Small Cap Fund or HSBC Small Cap Fund?
On SEBI's riskometer, Groww Small Cap Fund is rated Low to Moderate and HSBC Small Cap Fund Very High. Over their common history, the standard deviation of daily returns was 18.04% and 17.11% a year.
Can I invest in both Groww Small Cap Fund and HSBC Small Cap Fund?
Yes. 19.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Small Cap Fund and HSBC Small Cap Fund?
Groww Small Cap Fund: Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity). HSBC Small Cap Fund: 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.