HDFC Equity Savings Fund vs HSBC Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Equity Savings Fund and HSBC Equity Savings Fund are both Equity Savings funds. In the 3 years to 30-10-2026, HDFC Equity Savings Fund (Direct) returned 8.3% a year and HSBC Equity Savings Fund (Direct) returned 12.8% a year. HDFC Equity Savings Fund charges 1.30% a year and HSBC Equity Savings Fund 1.41% (Direct plans). Their portfolios overlap 27.0%: they hold 33 of the same securities.
HDFC Equity Savings Fund
Equity Savings
- 3 year return
- 8.3%
- Expense ratio
- 1.30%
- NAV
- ₹75.88
HSBC Equity Savings Fund
Equity Savings
- 3 year return
- 12.8%
- Expense ratio
- 1.41%
- NAV
- ₹40.76
Which is better, HDFC Equity Savings or HSBC Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Equity Savings returned more over 3 years: 12.8% a year against 8.3%.
- HSBC Equity Savings returned more over 1 year: 6.0% against 0.4%.
- HDFC Equity Savings costs less: 1.30% a year against 1.41% (Direct plans).
- HDFC Equity Savings swung less over 3 years: a standard deviation of 4.7% a year against 7.2%.
- HDFC Equity Savings fell less in its worst fall since 28-11-2022: −4.8% against −11.5%.
- HDFC Equity Savings is the larger fund: ₹5,533 Cr against ₹1,558 Cr.
- Their portfolios overlap 27.0%: 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 | HDFC Equity Savings Fund | HSBC Equity Savings Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | HSBC Mutual Fund |
| Category | Equity Savings | Equity Savings |
| AUM | ₹5,533 Cr (30-09-2026) | ₹1,558 Cr (30-09-2026) |
| NAV | ₹75.88 (Direct) | ₹40.76 (Direct) |
| Expense ratio (Direct) | 1.30% | 1.41% |
| Expense ratio (Regular) | 2.20% | 2.40% |
| Riskometer | Moderately High | Low to Moderate |
| Benchmark | Nifty Equity Savings Index | Nifty Equity Savings Index |
| Launch date | 17-09-2004 | 18-10-2011 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anand Laddha, Anil Bamboli, Nandita Menezes, Arun Agarwal, Gopal Agrawal, Bhagyesh Kagalkar | Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit load For units in excess of 15% of the investment,1% will be charged for redemption within 1 month. | Exit load for units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month. |
HDFC Equity Savings vs HSBC Equity Savings: 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 |
|---|---|---|---|---|---|---|---|
| HDFC Equity Savings Fund (Direct) | +0.47% | −1.25% | +0.85% | +0.39% | +8.28% | +7.85% | +9.27% |
| HSBC Equity Savings Fund (Direct) | +0.23% | −0.42% | +2.72% | +6.04% | +12.81% | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
HDFC Equity Savings vs HSBC Equity Savings: Year-wise Returns
| Year | HDFCHDFC Equity Savings | HSBCHSBC Equity Savings |
|---|---|---|
| 2026to date | −0.54% | +6.60% |
| 2025 | +7.84% | +1.76% |
| 2024 | +11.33% | +25.17% |
| 2023 | +14.83% | +18.09% |
| 2022 | +6.98% | -- |
| 2021 | +17.74% | -- |
HDFC Equity Savings vs HSBC Equity Savings: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 226 of them, one for each trading day from 28-11-2025 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.
HDFC Equity Savings Fund (Direct)
HSBC Equity Savings Fund (Direct)
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Equity Savings | 0.0 | 0.0 | 53.1 | 46.9 | 0.0 | 0.0 | 0.0 | 9.9% | 9.8% | 7.7% | 11.8% |
| HSBC Equity Savings | 0.0 | 0.0 | 0.0 | 96.5 | 3.5 | 0.0 | 0.0 | 14.0% | 14.1% | 12.0% | 15.1% |
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. Every fund is measured over the days all of them have, from 28-11-2022. Past returns do not promise future returns.
HDFC Equity Savings vs HSBC Equity Savings: 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 01-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HDFC Equity SavingsHDFC Equity Savings Fund (Direct) | ₹4,80,000 | ₹5,44,269 | ₹64,269 | 6.2% |
| HSBC Equity SavingsHSBC Equity Savings Fund (Direct) | ₹4,80,000 | ₹5,95,515 | ₹1,15,515 | 10.8% |
HDFC Equity SavingsHDFC Equity Savings Fund (Direct)
HSBC Equity SavingsHSBC Equity Savings 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.
HDFC Equity Savings vs HSBC Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Equity Savings Fund (Direct) | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.39% | +6.04% |
| Standard deviation | 5.01% | 5.81% |
| Sharpe ratio | -0.97 | 0.14 |
| Sortino ratio | -1.28 | 0.19 |
| Maximum drawdown | −4.8% (30-03-2026) | −3.4% (21-01-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | HDFC Equity Savings Fund (Direct) | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.28% | +12.81% |
| Standard deviation | 4.70% | 7.16% |
| Sharpe ratio | 0.48 | 0.95 |
| Sortino ratio | 0.65 | 1.28 |
| Maximum drawdown | −4.8% (30-03-2026) | −11.5% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | HDFC Equity Savings Fund (Direct) | HSBC Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.72% | +12.70% |
| Standard deviation | 5.75% | 6.51% |
| Sharpe ratio | 0.64 | 1.00 |
| Sortino ratio | 0.87 | 1.36 |
| Maximum drawdown | −16.9% (23-03-2020) | −11.5% (28-02-2025) |
| Beta | -- | -- |
| Alpha | -- | -- |
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.
HDFC Equity Savings Fund (Direct)
HSBC Equity Savings Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HDFC Equity Savings Fund (Direct) | −4.8% | 11-02-2026 | 30-03-2026 | 30-07-2026 | 4 months | −2.2% |
| HSBC Equity Savings Fund (Direct) | −11.5% | 02-01-2025 | 28-02-2025 | 10-09-2025 | 6 months | −1.9% |
From daily values since 28-11-2022, 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.
HDFC Equity Savings Fund (Direct)
HSBC Equity Savings Fund (Direct)
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.
HDFC Equity Savings Fund (Direct)
HSBC Equity Savings Fund (Direct)
HDFC Equity Savings vs HSBC Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Equity Savings Fund, September 2026; HSBC Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 27.0%
- Held by both
- 33
- Only in HDFC Equity Savings
- 93
- Only in HSBC Equity Savings
- 79
| Security | % of HDFC Equity Savings | % of HSBC Equity Savings |
|---|---|---|
| HDFC Bank Ltd. | 6.96% | 4.78% |
| Reliance Industries Ltd. | 5.23% | 2.88% |
| ICICI Bank Ltd. | 2.87% | 3.64% |
| Kotak Mahindra Bank Limited | 1.74% | 1.72% |
| Sun Pharmaceutical Industries Ltd. | 2.89% | 1.68% |
| Axis Bank Ltd. | 1.61% | 3.45% |
| State Bank of India | 1.56% | 3.14% |
| Bajaj Finance Ltd. | 2.00% | 1.41% |
| Bharti Airtel Ltd. | 2.38% | 1.23% |
| Mahindra & Mahindra Ltd. | 1.12% | 1.80% |
| Divis Laboratories Ltd. | 1.03% | 1.05% |
| 7.38% GOI MAT 200627 | 0.96% | 0.99% |
| InterGlobe Aviation Ltd. | 0.83% | 0.96% |
| HDFC Life Insurance Company Limited | 0.67% | 0.46% |
| Tata Steel Ltd. | 0.43% | 1.03% |
| Siddhivinayak Securitisation Trust (Originator - Sikka Ports & Terminals Limited) | 0.43% | 0.61% |
| Ambuja Cements Ltd. | 0.42% | 0.52% |
| Adani Ports & Special Economic Zone | 0.80% | 0.35% |
| Larsen and Toubro Ltd. | 2.97% | 0.29% |
| Max Financial Services Ltd. | 0.50% | 0.18% |
| 7.06% GOI MAT 100428 | 0.18% | 2.94% |
| Hindustan Unilever Ltd. | 0.93% | 0.16% |
| Eicher Motors Ltd. | 0.65% | 0.15% |
| TVS Motor Company Ltd. | 0.07% | 0.13% |
| Hindustan Aeronautics Limited | 0.25% | 0.06% |
| Hero MotoCorp Ltd. | 0.70% | 0.04% |
| ITC LIMITED | 0.54% | 0.03% |
| Tata Motors Passenger Vehicles Limited | 0.03% | 0.68% |
| IDFC First Bank Limited | 0.02% | 0.76% |
| Life Insurance Corporation of India | 0.02% | 2.05% |
| Tata Consumer Products Limited | 0.02% | 0.26% |
| Eternal Limited | 0.62% | 0.01% |
| Hindalco Industries Ltd. | 0.34% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.0% means 27.0% 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 HDFC Equity Savings Fund
| Security | % of fund |
|---|---|
| NTPC Limited | 3.55% |
| Titan Company Ltd. | 3.20% |
| 7.18% GOI MAT 140833 | 2.38% |
| Maruti Suzuki India Limited | 2.05% |
| 7.1% GOI MAT 180429 | 2.01% |
Largest holdings only in HSBC Equity Savings Fund
| Security | % of fund |
|---|---|
| The Federal Bank Limited | 2.55% |
| 6.36% GOI 16-Feb-2031 | 2.54% |
| Lenskart Solutions Limited | 1.89% |
| Canara Bank | 1.70% |
| Polycab India Limited | 1.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Equity Savings | HSBC Equity Savings |
|---|---|---|
| Equity | 65.6% | 73.3% |
| Debt | 26.5% | 21.1% |
| Cash and others | 7.9% | 5.6% |
Market cap of stocks
| Market cap | HDFC Equity Savings | HSBC Equity Savings |
|---|---|---|
| Large Cap | 58.4% | 49.2% |
| Mid Cap | 3.2% | 15.9% |
| Small Cap | 3.9% | 7.2% |
| Not on AMFI's list | 0.0% | 1.1% |
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 | HDFC Equity Savings | HSBC Equity Savings |
|---|---|---|
| Banks | 14.8% | 24.6% |
| Automobiles | 6.5% | 2.8% |
| Petroleum Products | 5.5% | 2.9% |
| Pharmaceuticals & Biotechnology | 5.2% | 2.7% |
| Electrical Equipment | 0.0% | 4.5% |
| Power | 4.2% | 0.0% |
| Retailing | 0.9% | 4.2% |
| Finance | 3.6% | 4.2% |
| Capital Markets | 0.4% | 3.8% |
| Ferrous Metals | 0.4% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Equity Savings vs HSBC Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Equity Savings Fund | HSBC Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.30% | 1.41% |
| Base expense ratio (Direct) | 0.83% | 0.51% |
| Total expense ratio (Regular) | 2.20% | 2.40% |
| Base expense ratio (Regular) | 1.59% | 1.35% |
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 HDFC Equity Savings with
HDFC Equity Savings Fund vs HSBC Equity Savings Fund: Frequently Asked Questions
What is the difference between HDFC Equity Savings Fund and HSBC Equity Savings Fund?
Both are Equity Savings funds, run by HDFC Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 27.0%. HDFC Equity Savings Fund charges 1.30% a year and HSBC Equity Savings Fund 1.41%.
Which has given higher returns, HDFC Equity Savings Fund or HSBC Equity Savings Fund?
Over 1 year: HDFC Equity Savings Fund +0.39%, HSBC Equity Savings Fund +6.04%. Over 3 years: HDFC Equity Savings Fund +8.28% a year, HSBC Equity Savings Fund +12.81% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HDFC Equity Savings Fund or HSBC Equity Savings Fund?
HDFC Equity Savings Fund charges less: 1.30% a year against 1.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Equity Savings Fund and HSBC Equity Savings Fund overlap?
27.0%. They hold 33 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, HDFC Equity Savings Fund or HSBC Equity Savings Fund?
On SEBI's riskometer, HDFC Equity Savings Fund is rated Moderately High and HSBC Equity Savings Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 4.70% and 7.16% a year.
Which is better for SIP, HDFC Equity Savings Fund or HSBC Equity Savings Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,96,571 in HDFC Equity Savings Fund (XIRR 4.4% a year) and ₹4,25,484 in HSBC Equity Savings Fund (XIRR 9.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both HDFC Equity Savings Fund and HSBC Equity Savings Fund?
Yes. 27.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Equity Savings Fund and HSBC Equity Savings Fund?
HDFC Equity Savings Fund: Anand Laddha, Anil Bamboli, Nandita Menezes, Arun Agarwal, Gopal Agrawal, Bhagyesh Kagalkar. HSBC Equity Savings Fund: Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, 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.