Helios Mid Cap Fund vs HSBC Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Mid Cap Fund and HSBC Midcap Fund are both Mid Cap funds. In the year to 30-10-2026, Helios Mid Cap Fund (Direct) returned 0.9% and HSBC Midcap Fund (Direct) returned 9.6%. Helios Mid Cap Fund charges 0.94% a year and HSBC Midcap Fund 1.11% (Direct plans). Their portfolios overlap 23.3%: they hold 18 of the same securities.
Which is better, Helios Mid Cap or HSBC Midcap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Midcap returned more over 1 year: 9.6% against 0.9%.
- Helios Mid Cap costs less: 0.94% a year against 1.11% (Direct plans).
- HSBC Midcap fell less in its worst fall since 17-03-2025: −13.1% against −16.7%.
- HSBC Midcap is the larger fund: ₹16,800 Cr against ₹2,348 Cr.
- Their portfolios overlap 23.3%: 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 | Helios Mid Cap Fund | HSBC Midcap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | HSBC Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹2,348 Cr (30-09-2026) | ₹16,800 Cr (30-09-2026) |
| NAV | ₹13.20 (Direct) | ₹502.29 (Direct) |
| Expense ratio (Direct) | 0.94% | 1.11% |
| Expense ratio (Regular) | 2.37% | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 13-03-2025 | 09-08-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Cheenu Gupta, Mayank Chaturvedi, Dipan S. Parikh |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. |
Helios Mid Cap vs HSBC Midcap: 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 |
|---|---|---|---|---|---|---|---|
| Helios Mid Cap Fund (Direct) | −3.86% | −3.65% | +4.60% | +0.92% | -- | -- | -- |
| HSBC Midcap Fund (Direct) | −2.89% | −2.26% | +3.65% | +9.56% | +21.64% | -- | -- |
| Mid Cap average | −3.36% | −6.03% | −0.14% | −2.17% | +14.75% | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
Helios Mid Cap vs HSBC Midcap: Year-wise Returns
| Year | Helios Mid CapHelios Mid Cap | HSBC MidcapHSBC Midcap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | +2.56% | +9.89% | −4.97% |
| 2025 | -- | −0.31% | +5.98% |
| 2024 | -- | +41.24% | +24.46% |
| 2023 | -- | +41.53% | +44.61% |
Helios Mid Cap vs HSBC Midcap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 154 of them, one for each trading day from 17-03-2026 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.
Helios Mid Cap Fund (Direct)
HSBC Midcap Fund (Direct)
Nifty Midcap 150 TRI
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Helios Mid Cap | 1.3 | 3.9 | 13.0 | 30.5 | 47.4 | 3.9 | 0.0 | 13.9% | 15.1% | −1.6% | 24.6% | 100% |
| HSBC Midcap | 0.0 | 0.0 | 5.2 | 13.1 | 38.6 | 36.6 | 6.5 | 18.9% | 19.1% | 6.3% | 28.4% | 100% |
| Nifty Midcap 150 TRI | 6.5 | 22.1 | 44.2 | 23.4 | 3.9 | 0.0 | 0.0 | 7.2% | 7.3% | −5.5% | 17.3% | -- |
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 Midcap 150 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 17-03-2025. Past returns do not promise future returns.
Helios Mid Cap vs HSBC Midcap: 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 17-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Helios Mid CapHelios Mid Cap Fund (Direct) | ₹2,00,000 | ₹2,15,939 | ₹15,939 | 9.1% |
| HSBC MidcapHSBC Midcap Fund (Direct) | ₹2,00,000 | ₹2,23,482 | ₹23,482 | 13.4% |
Helios Mid CapHelios Mid Cap Fund (Direct)
HSBC MidcapHSBC Midcap 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.
Helios Mid Cap vs HSBC Midcap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Mid Cap Fund (Direct) | HSBC Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.92% | +9.56% |
| Standard deviation | 17.44% | 17.41% |
| Sharpe ratio | -0.25 | 0.25 |
| Sortino ratio | -0.34 | 0.34 |
| Maximum drawdown | −16.7% (23-03-2026) | −13.1% (23-10-2026) |
| Beta | 1.02 | 0.97 |
| Alpha | +5.47% | +13.62% |
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 | Helios Mid Cap Fund (Direct) | HSBC Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.25% | +21.80% |
| Standard deviation | 16.24% | 17.02% |
| Sharpe ratio | 0.79 | 0.92 |
| Sortino ratio | 1.12 | 1.23 |
| Maximum drawdown | −16.7% (23-03-2026) | −26.0% (28-02-2025) |
| Beta | 0.95 | 1.01 |
| Alpha | +7.83% | +5.71% |
From daily NAVs, 17-03-2025 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.
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.
Helios Mid Cap Fund (Direct)
HSBC Midcap Fund (Direct)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Mid Cap Fund (Direct) | −16.7% | 17-11-2025 | 23-03-2026 | 07-05-2026 | 45 days | −8.5% |
| HSBC Midcap Fund (Direct) | −13.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −9.5% |
| Nifty Midcap 150 TRI | −13.9% | 07-01-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.5% |
From daily values since 17-03-2025, 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.
Helios Mid Cap Fund (Direct)
HSBC Midcap Fund (Direct)
Nifty Midcap 150 TRI
Against Nifty Midcap 150 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Helios Mid Cap Fund (Direct) | 119% | 82% | 6.18% |
| HSBC Midcap Fund (Direct) | 125% | 80% | 6.32% |
From month-end values since 17-03-2025. 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.
Helios Mid Cap vs HSBC Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Mid Cap Fund, September 2026; HSBC Midcap Fund, September 2026
Holdings in common
- Overlap
- 23.3%
- Held by both
- 18
- Only in Helios Mid Cap
- 57
- Only in HSBC Midcap
- 47
| Security | % of Helios Mid Cap | % of HSBC Midcap |
|---|---|---|
| Apar Industries Ltd. | 2.75% | 3.16% |
| Coforge Ltd. | 2.68% | 2.28% |
| Piramal Finance Ltd. | 2.19% | 3.56% |
| Nippon Life India Asset Management Ltd. | 2.13% | 2.01% |
| Aditya Birla Capital Ltd. | 2.13% | 1.66% |
| Ather Energy Ltd. | 1.65% | 3.03% |
| Multi Commodity Exchange of India Ltd. | 1.94% | 1.62% |
| Radico Khaitan Ltd. | 1.57% | 2.89% |
| One 97 Communications Ltd. | 3.45% | 1.47% |
| GE Vernova T&D India Ltd. | 1.42% | 3.09% |
| Data Patterns (India) Ltd. | 1.06% | 1.71% |
| PB Fintech Ltd. | 1.06% | 1.45% |
| AU Small Finance Bank Ltd. | 1.02% | 2.34% |
| City Union Bank Ltd. | 0.77% | 1.66% |
| Netweb Technologies India Ltd. | 0.68% | 1.89% |
| IDFC First Bank Ltd. | 1.52% | 0.03% |
| Swiggy Ltd. | 1.67% | 0.01% |
| Bharti Hexacom Ltd. | 1.28% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.3% means 23.3% 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 Helios Mid Cap Fund
| Security | % of fund |
|---|---|
| The Phoenix Mills Ltd. | 2.58% |
| Sona Blw Precision Forgings Ltd. | 2.38% |
| Motilal Oswal Financial Services Ltd. | 2.20% |
| UNO Minda Ltd. | 2.00% |
| Glaxosmithkline Pharmaceuticals Ltd. | 1.99% |
Largest holdings only in HSBC Midcap Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 5.08% |
| Meesho Limited | 5.04% |
| The Federal Bank Limited | 3.90% |
| Aditya Infotech Limited | 3.64% |
| FSN E-Commerce Ventures Limited | 3.38% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Mid Cap | HSBC Midcap |
|---|---|---|
| Equity | 97.9% | 99.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 0.8% |
Market cap of stocks
| Market cap | Helios Mid Cap | HSBC Midcap |
|---|---|---|
| Large Cap | 3.1% | 4.7% |
| Mid Cap | 64.0% | 65.3% |
| Small Cap | 28.1% | 25.0% |
| Not on AMFI's list | 2.7% | 4.2% |
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 | Helios Mid Cap | HSBC Midcap |
|---|---|---|
| Electrical Equipment | 6.0% | 15.4% |
| Retailing | 5.5% | 13.5% |
| Auto Components | 11.0% | 5.5% |
| Banks | 3.3% | 11.0% |
| Capital Markets | 9.9% | 5.1% |
| Finance | 8.8% | 7.3% |
| Pharmaceuticals & Biotechnology | 6.5% | 7.9% |
| Financial Technology (Fintech) | 5.6% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Mid Cap vs HSBC Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Mid Cap Fund | HSBC Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | 1.11% |
| Base expense ratio (Direct) | 0.49% | 0.54% |
| Total expense ratio (Regular) | 2.37% | 2.18% |
| Base expense ratio (Regular) | 1.72% | 1.44% |
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 Helios Mid Cap with
Helios Mid Cap Fund vs HSBC Midcap Fund: Frequently Asked Questions
What is the difference between Helios Mid Cap Fund and HSBC Midcap Fund?
Both are Mid Cap funds, run by Helios Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 23.3%. Helios Mid Cap Fund charges 0.94% a year and HSBC Midcap Fund 1.11%.
Which has given higher returns, Helios Mid Cap Fund or HSBC Midcap Fund?
Over 1 year: Helios Mid Cap Fund +0.92%, HSBC Midcap Fund +9.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Helios Mid Cap Fund or HSBC Midcap Fund?
Helios Mid Cap Fund charges less: 0.94% a year against 1.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Mid Cap Fund and HSBC Midcap Fund overlap?
23.3%. They hold 18 of the same securities, the largest shared ones being APARINDS, COFORGE, PIRAMALFIN. From each fund's latest monthly portfolio.
Which is riskier, Helios Mid Cap Fund or HSBC Midcap Fund?
On SEBI's riskometer, Helios Mid Cap Fund is rated Very High and HSBC Midcap Fund Very High. Over 1 years, the standard deviation of daily returns was 17.44% and 17.41% a year.
Can I invest in both Helios Mid Cap Fund and HSBC Midcap Fund?
Yes. 23.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Mid Cap Fund and HSBC Midcap Fund?
Helios Mid Cap Fund: Alok Bahl, Pratik Singh. HSBC Midcap Fund: Cheenu 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.