HSBC Financial Services Fund vs Motilal Oswal Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Financial Services Fund is a Thematic fund and Motilal Oswal Financial Services Fund is a Thematic fund. HSBC Financial Services Fund charges 0.99% a year and Motilal Oswal Financial Services Fund 1.32% (Direct plans). Their portfolios overlap 45.9%: they hold 18 of the same securities.
Motilal Oswal Financial Services Fund
Thematic
- Expense ratio
- 1.32%
- NAV
- ₹10.21
Which is better, HSBC Financial Services or Motilal Oswal Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Financial Services costs less: 0.99% a year against 1.32% (Direct plans).
- Motilal Oswal Financial Services fell less in its worst fall since 20-02-2026: −11.4% against −14.6%.
- HSBC Financial Services is the larger fund: ₹903 Cr against ₹209 Cr.
- Their portfolios overlap 45.9%: 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 | HSBC Financial Services Fund | Motilal Oswal Financial Services Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹903 Cr (30-09-2026) | ₹209 Cr (30-09-2026) |
| NAV | ₹11.77 (Direct) | ₹10.21 (Direct) |
| Expense ratio (Direct) | 0.99% | 1.32% |
| Expense ratio (Regular) | 2.44% | 2.70% |
| Riskometer | Very High | Not available |
| Benchmark | BSE Financial Services TRI | Not available |
| Launch date | 27-02-2025 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Gautam Bhupal, Mayank Chaturvedi, Dipan S. Parikh | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days. | Not available |
HSBC Financial Services vs Motilal Oswal Financial Services: 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 Financial Services Fund (Direct) | −2.86% | −6.79% | −4.31% | −1.91% | -- | -- | -- |
| Motilal Oswal Financial Services Fund (Direct) | −0.10% | −2.96% | +3.29% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
HSBC Financial Services vs Motilal Oswal Financial Services: Year-wise Returns
| Year | HSBCHSBC Financial Services | Motilal OswalMotilal Oswal Financial Services |
|---|---|---|
| 2026to date | −4.56% | -- |
HSBC Financial Services vs Motilal Oswal Financial Services: Rolling Returns
Every holding period of both funds, against BSE Financial Services TRI, the benchmark of HSBC Financial Services Fund
HSBC Financial Services vs Motilal Oswal Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Financial Services Fund (Direct) | Motilal Oswal Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.27% | +3.00% |
| Standard deviation | 16.88% | 19.80% |
| Sharpe ratio | 0.29 | -0.11 |
| Sortino ratio | 0.41 | -0.16 |
| Maximum drawdown | −14.8% (30-03-2026) | −11.4% (30-03-2026) |
| Beta | 1.01 | 0.94 |
| Alpha | +3.86% | +18.12% |
From daily NAVs, 04-03-2025 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.
HSBC Financial Services Fund (Direct)
Motilal Oswal Financial Services Fund (Direct)
BSE Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Financial Services Fund (Direct) | −14.6% | 25-02-2026 | 30-03-2026 | 07-05-2026 | 38 days | −10.6% |
| Motilal Oswal Financial Services Fund (Direct) | −11.4% | 20-02-2026 | 30-03-2026 | 17-04-2026 | 18 days | −7.5% |
| BSE Financial Services TRI | −17.3% | 23-02-2026 | 30-03-2026 | Not yet | -- | −11.8% |
From daily values since 20-02-2026, the first day every fund has.
HSBC Financial Services vs Motilal Oswal Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Financial Services Fund, September 2026; Motilal Oswal Financial Services Fund, September 2026
Holdings in common
- Overlap
- 45.9%
- Held by both
- 18
- Only in HSBC Financial Services
- 19
- Only in Motilal Oswal Financial Services
- 11
| Security | % of HSBC Financial Services | % of Motilal Oswal Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.31% | 6.31% |
| State Bank of India | 4.45% | 6.56% |
| Kotak Mahindra Bank Limited | 4.60% | 3.86% |
| HDFC Bank Limited | 9.30% | 3.39% |
| Shriram Finance Limited | 4.81% | 2.82% |
| Cholamandalam Invest & Finance Co Ltd | 2.57% | 3.82% |
| Karur Vysya Bank Limited | 3.24% | 2.48% |
| RBL Bank Limited | 2.40% | 3.37% |
| PNB Housing Finance Limited | 2.37% | 2.67% |
| Axis Bank Limited | 5.09% | 2.36% |
| Pine Labs Limited | 2.41% | 2.22% |
| Prudent Corporate Advisory Services Ltd | 1.92% | 3.10% |
| Multi Commodity Exchange of India Ltd. | 1.89% | 5.75% |
| Billionbrains Garage Ventures Ltd. | 3.84% | 1.78% |
| Piramal Finance Ltd | 1.75% | 1.95% |
| One 97 Communications Limited | 1.67% | 3.89% |
| Bajaj Finance Limited | 1.06% | 4.69% |
| Aditya Birla Capital Limited | 0.56% | 1.82% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 45.9% means 45.9% 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 Financial Services Fund
| Security | % of fund |
|---|---|
| Nippon Life India Asset Management Ltd | 4.91% |
| ICICI Prudential AMC Ltd | 3.42% |
| HDFC Asset Management Company Limited | 3.08% |
| The Federal Bank Limited | 2.48% |
| Motilal Oswal Financial Services Limited | 2.46% |
Largest holdings only in Motilal Oswal Financial Services Fund
| Security | % of fund |
|---|---|
| IndusInd Bank Limited | 3.58% |
| Muthoot Finance Limited | 3.14% |
| Moneyview Limited | 3.13% |
| Onemi Technology Solutions Limited | 2.47% |
| Indian Bank | 2.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Equity | 95.7% | 88.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | 11.1% |
Market cap of stocks
| Market cap | HSBC Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Large Cap | 51.5% | 43.4% |
| Mid Cap | 21.2% | 21.4% |
| Small Cap | 22.9% | 20.0% |
| Not on AMFI's list | 0.0% | 4.0% |
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 Financial Services | Motilal Oswal Financial Services |
|---|---|---|
| Banks | 41.9% | 38.7% |
| Capital Markets | 27.9% | 15.3% |
| Finance | 18.5% | 23.4% |
| Financial Technology (Fintech) | 7.0% | 9.2% |
| Insurance | 0.0% | 2.3% |
| Commercial Services & Supplies | 0.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Financial Services vs Motilal Oswal Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Financial Services Fund | Motilal Oswal Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.99% | 1.32% |
| Base expense ratio (Direct) | 0.74% | 0.78% |
| Total expense ratio (Regular) | 2.44% | 2.70% |
| Base expense ratio (Regular) | 1.97% | 2.10% |
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
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HSBC Financial Services Fund vs Motilal Oswal Financial Services Fund: Frequently Asked Questions
What is the difference between HSBC Financial Services Fund and Motilal Oswal Financial Services Fund?
HSBC Financial Services Fund is a Thematic fund, Motilal Oswal Financial Services Fund is a Thematic fund, run by HSBC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 45.9%. HSBC Financial Services Fund charges 0.99% a year and Motilal Oswal Financial Services Fund 1.32%.
Which has the lower expense ratio, HSBC Financial Services Fund or Motilal Oswal Financial Services Fund?
HSBC Financial Services Fund charges less: 0.99% a year against 1.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Financial Services Fund and Motilal Oswal Financial Services Fund overlap?
45.9%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, SBIN, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both HSBC Financial Services Fund and Motilal Oswal Financial Services Fund?
Yes. 45.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.