HSBC Equity Savings Fund vs JioBlackRock Sector Rotation Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Equity Savings Fund is an Equity Savings fund and JioBlackRock Sector Rotation Fund is a Thematic fund. HSBC Equity Savings Fund charges 1.41% a year and JioBlackRock Sector Rotation Fund 0.80% (Direct plans). Their portfolios overlap 38.4%: they hold 80 of the same securities.
JioBlackRock Sector Rotation Fund
Thematic
- Expense ratio
- 0.80%
- NAV
- ₹9.43
Which is better, HSBC Equity Savings or JioBlackRock Sector Rotation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Sector Rotation costs less: 0.80% a year against 1.41% (Direct plans).
- HSBC Equity Savings fell less in its worst fall since 19-02-2026: −3.3% against −12.5%.
- JioBlackRock Sector Rotation holds more in large companies: 68.3% of the fund in large caps against 49.2%.
- HSBC Equity Savings is the larger fund: ₹1,558 Cr against ₹161 Cr.
- Their portfolios overlap 38.4%: 80 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 | HSBC Equity Savings Fund | JioBlackRock Sector Rotation Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Equity Savings | Thematic |
| AUM | ₹1,558 Cr (30-09-2026) | ₹161 Cr (30-09-2026) |
| NAV | ₹40.76 (Direct) | ₹9.43 (Direct) |
| Expense ratio (Direct) | 1.41% | 0.80% |
| Expense ratio (Regular) | 2.40% | 1.92% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | Nifty Equity Savings Index | Nifty 500 TRI |
| Launch date | 18-10-2011 | 13-02-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh | Sahil Chaudhary, Tanvi Kacheria |
| Exit load | Exit load for units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month. | Nil |
HSBC Equity Savings vs JioBlackRock Sector Rotation: 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 |
|---|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund (Direct) | +0.23% | −0.42% | +2.72% | +6.04% | +12.81% | -- | -- |
| JioBlackRock Sector Rotation Fund (Direct) | −0.77% | −5.74% | −2.70% | -- | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 23 Equity Savings funds and the 235 Thematic funds, same plan type.
HSBC Equity Savings vs JioBlackRock Sector Rotation: Year-wise Returns
| Year | HSBC Equity SavingsHSBC Equity Savings | JioBlackRock Sector RotationJioBlackRock Sector Rotation |
|---|---|---|
| 2026to date | +6.60% | -- |
| 2025 | +1.76% | -- |
| 2024 | +25.17% | -- |
| 2023 | +18.09% | -- |
HSBC Equity Savings vs JioBlackRock Sector Rotation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of JioBlackRock Sector Rotation Fund
HSBC Equity Savings vs JioBlackRock Sector Rotation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Equity Savings Fund (Direct) | JioBlackRock Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.70% | −7.88% |
| Standard deviation | 6.51% | 15.17% |
| Sharpe ratio | 1.00 | -0.87 |
| Sortino ratio | 1.36 | -1.15 |
| Maximum drawdown | −11.5% (28-02-2025) | −12.5% (30-03-2026) |
| Beta | -- | 0.97 |
| Alpha | -- | −0.68% |
From daily NAVs, 28-11-2022 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.
HSBC Equity Savings Fund (Direct)
JioBlackRock Sector Rotation Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Equity Savings Fund (Direct) | −3.3% | 31-08-2026 | 23-10-2026 | Not yet | -- | −1.9% |
| JioBlackRock Sector Rotation Fund (Direct) | −12.5% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.5% |
| Nifty 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 06-07-2026 | 3 months | −7.9% |
From daily values since 19-02-2026, the first day every fund has.
HSBC Equity Savings vs JioBlackRock Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Equity Savings Fund, September 2026; JioBlackRock Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 38.4%
- Held by both
- 80
- Only in HSBC Equity Savings
- 32
- Only in JioBlackRock Sector Rotation
- 216
| Security | % of HSBC Equity Savings | % of JioBlackRock Sector Rotation |
|---|---|---|
| HDFC Bank Limited | 4.78% | 6.36% |
| ICICI Bank Limited | 3.64% | 5.57% |
| Reliance Industries Limited | 2.88% | 4.37% |
| State Bank of India | 3.14% | 2.36% |
| Axis Bank Limited | 3.45% | 2.08% |
| Kotak Mahindra Bank Limited | 1.72% | 1.81% |
| Sun Pharmaceutical Industries Limited | 1.68% | 1.62% |
| Bajaj Finance Limited | 1.41% | 1.34% |
| Bharti Airtel Limited | 1.23% | 3.20% |
| Mahindra & Mahindra Limited | 1.80% | 1.15% |
| Divi''s Laboratories Limited | 1.05% | 1.01% |
| InterGlobe Aviation Limited | 0.96% | 1.17% |
| Tata Steel Limited | 1.03% | 0.86% |
| JSW Steel Limited | 0.66% | 0.67% |
| Grasim Industries Limited | 0.63% | 0.67% |
| Bharat Electronics Limited | 0.58% | 0.74% |
| Varun Beverages Limited | 1.24% | 0.47% |
| The Federal Bank Limited | 2.55% | 0.46% |
| Adani Enterprises Limited | 0.98% | 0.44% |
| Jio Financial Services Limited | 1.02% | 0.37% |
| Cholamandalam Invest & Finance Co Ltd | 0.70% | 0.36% |
| Adani Port & Special Economic Zone Ltd | 0.35% | 1.39% |
| IndusInd Bank Limited | 0.66% | 0.35% |
| FSN E-Commerce Ventures Limited | 0.82% | 0.33% |
| IDFC First Bank Limited | 0.76% | 0.32% |
| Bharat Heavy Electricals Limited | 0.42% | 0.32% |
| CG Power And Industrial Solutions Ltd | 0.66% | 0.31% |
| Larsen & Toubro Limited | 0.29% | 2.31% |
| Indus Towers Limited | 0.31% | 0.29% |
| Radico Khaitan Limited | 0.71% | 0.27% |
| GE Vernova T&D India Limited | 1.52% | 0.27% |
| Tata Motors Passenger Vehicles Limited | 0.68% | 0.26% |
| Tata Consumer Products Limited | 0.26% | 0.49% |
| Canara Bank | 1.70% | 0.24% |
| HDFC Asset Management Company Limited | 1.31% | 0.24% |
| Punjab National Bank | 0.69% | 0.23% |
| Polycab India Limited | 1.64% | 0.22% |
| Hitachi Energy India Limited | 1.32% | 0.21% |
| Coforge Limited | 1.12% | 0.20% |
| Bank of Baroda | 0.19% | 0.26% |
| Navin Fluorine International Limited | 0.85% | 0.17% |
| Lenskart Solutions Limited | 1.89% | 0.17% |
| Aditya Birla Capital Limited | 0.30% | 0.16% |
| Container Corporation of India Limited | 0.45% | 0.16% |
| APAR INDUSTRIES LTD | 0.22% | 0.16% |
| Eicher Motors Limited | 0.15% | 0.43% |
| RBL Bank Limited | 0.21% | 0.15% |
| Steel Authority of India Limited | 1.20% | 0.15% |
| Ambuja Cements Limited | 0.52% | 0.14% |
| HDFC Life Insurance Company Limited | 0.46% | 0.13% |
| City Union Bank Limited | 0.30% | 0.13% |
| ABB India Limited | 0.13% | 0.18% |
| TVS Motor Company Limited | 0.13% | 0.42% |
| Aditya Infotech Limited | 1.58% | 0.13% |
| Max Healthcare Institute Limited | 0.11% | 0.60% |
| DLF Limited | 0.11% | 0.23% |
| Nippon Life India Asset Management Ltd | 0.24% | 0.10% |
| Bandhan Bank Limited | 0.77% | 0.09% |
| Meesho Limited | 1.46% | 0.09% |
| Bank of India | 0.09% | 0.09% |
| PB Fintech Limited | 0.33% | 0.09% |
| Max Financial Services Limited | 0.18% | 0.09% |
| LIC Housing Finance Limited | 0.71% | 0.08% |
| ICICI Prudential AMC Ltd | 0.68% | 0.08% |
| Billionbrains Garage Ventures Ltd. | 0.12% | 0.07% |
| Godrej Properties Limited | 0.07% | 0.12% |
| Godfrey Phillips India Limited | 0.61% | 0.06% |
| Hindustan Aeronautics Limited | 0.06% | 0.48% |
| Thermax Limited | 0.06% | 0.07% |
| KEI Industries Limited | 0.06% | 0.15% |
| KFIN Technologies Limited | 0.94% | 0.06% |
| Hero MotoCorp Limited | 0.04% | 0.30% |
| Hindustan Zinc Limited | 0.04% | 0.15% |
| Kaynes Technology India Ltd. | 0.04% | 0.13% |
| ITC Limited | 0.03% | 2.01% |
| The Indian Hotels Company Limited | 0.02% | 0.25% |
| PERSISTENT SYSTEMS LTD | 0.02% | 0.19% |
| Shriram Finance Limited | 0.02% | 0.71% |
| Hindalco Industries Limited | 0.01% | 0.77% |
| Eternal Limited | 0.01% | 0.89% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.4% means 38.4% 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 HSBC Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.06% GOI - 10-Apr-2028 | 2.94% |
| 6.36% GOI 16-Feb-2031 | 2.54% |
| Life Insurance Corporation Of India | 2.05% |
| 364 Days Treasury Bill 28-Jan-2027 | 1.58% |
| 364 Days Treasury Bill 04-Feb-2027 | 1.57% |
Largest holdings only in JioBlackRock Sector Rotation Fund
| Security | % of fund |
|---|---|
| Infosys Ltd | 1.12% |
| Nestle India Ltd | 0.75% |
| Ultratech Cement Ltd | 0.75% |
| Apollo Hospitals Enterprise Ltd | 0.73% |
| Tata Consultancy Services Ltd | 0.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Equity Savings | JioBlackRock Sector Rotation |
|---|---|---|
| Equity | 73.3% | 97.3% |
| Debt | 21.1% | 0.0% |
| Cash and others | 5.6% | 2.7% |
Market cap of stocks
| Market cap | HSBC Equity Savings | JioBlackRock Sector Rotation |
|---|---|---|
| Large Cap | 49.2% | 68.3% |
| Mid Cap | 15.9% | 21.5% |
| Small Cap | 7.2% | 7.6% |
| Not on AMFI's list | 1.1% | 0.0% |
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 | HSBC Equity Savings | JioBlackRock Sector Rotation |
|---|---|---|
| Banks | 24.6% | 21.7% |
| Pharmaceuticals & Biotechnology | 2.7% | 9.3% |
| Finance | 4.2% | 5.9% |
| Petroleum Products | 2.9% | 5.2% |
| Electrical Equipment | 4.5% | 2.3% |
| Retailing | 4.2% | 3.2% |
| Telecom - Services | 1.5% | 4.0% |
| Automobiles | 2.8% | 4.0% |
| Capital Markets | 3.8% | 2.4% |
| Ferrous Metals | 2.9% | 2.0% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Equity Savings vs JioBlackRock Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Equity Savings Fund | JioBlackRock Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.41% | 0.80% |
| Base expense ratio (Direct) | 0.51% | 0.50% |
| Total expense ratio (Regular) | 2.40% | 1.92% |
| Base expense ratio (Regular) | 1.35% | 1.61% |
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 HSBC Equity Savings with
Compare JioBlackRock Sector Rotation with
HSBC Equity Savings Fund vs JioBlackRock Sector Rotation Fund: Frequently Asked Questions
What is the difference between HSBC Equity Savings Fund and JioBlackRock Sector Rotation Fund?
HSBC Equity Savings Fund is an Equity Savings fund, JioBlackRock Sector Rotation Fund is a Thematic fund, run by HSBC Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 38.4%. HSBC Equity Savings Fund charges 1.41% a year and JioBlackRock Sector Rotation Fund 0.80%.
Which has the lower expense ratio, HSBC Equity Savings Fund or JioBlackRock Sector Rotation Fund?
JioBlackRock Sector Rotation Fund charges less: 0.80% a year against 1.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Equity Savings Fund and JioBlackRock Sector Rotation Fund overlap?
38.4%. They hold 80 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HSBC Equity Savings Fund or JioBlackRock Sector Rotation Fund?
On SEBI's riskometer, HSBC Equity Savings Fund is rated Low to Moderate and JioBlackRock Sector Rotation Fund Very High. Over their common history, the standard deviation of daily returns was 6.51% and 15.17% a year.
Can I invest in both HSBC Equity Savings Fund and JioBlackRock Sector Rotation Fund?
Yes. 38.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Equity Savings Fund and JioBlackRock Sector Rotation Fund?
HSBC Equity Savings Fund: Cheenu Gupta, Praveen Ayathan, Mahesh Chhabria, Mohd. Asif Rizwi, Mayank Chaturvedi, Dipan S. Parikh. JioBlackRock Sector Rotation Fund: Sahil Chaudhary, Tanvi Kacheria.
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.