HSBC India Export Opportunities Fund vs PGIM India Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC India Export Opportunities Fund is a Thematic fund and PGIM India Large Cap Fund is a Large Cap fund. In the year to 30-10-2026, HSBC India Export Opportunities Fund (Direct) returned 13.1% and PGIM India Large Cap Fund (Direct) returned −7.6%. HSBC India Export Opportunities Fund charges 1.05% a year and PGIM India Large Cap Fund 1.09% (Direct plans). Their portfolios overlap 27.4%: they hold 18 of the same securities.
HSBC India Export Opportunities Fund
Thematic
- 1 year return
- 13.1%
- Expense ratio
- 1.05%
- NAV
- ₹11.51
PGIM India Large Cap Fund
Large Cap
- 1 year return
- −7.6%
- Expense ratio
- 1.09%
- NAV
- ₹386.29
Which is better, HSBC India Export Opportunities or PGIM India Large 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 India Export Opportunities returned more over 1 year: 13.1% against −7.6%.
- HSBC India Export Opportunities costs less: 1.05% a year against 1.09% (Direct plans).
- PGIM India Large Cap fell less in its worst fall since 30-09-2024: −15.4% against −20.6%.
- PGIM India Large Cap holds more in large companies: 86.6% of the fund in large caps against 39.4%.
- HSBC India Export Opportunities is the larger fund: ₹1,303 Cr against ₹502 Cr.
- Their portfolios overlap 27.4%: 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 India Export Opportunities Fund | PGIM India Large Cap Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | PGIM India Mutual Fund |
| Category | Thematic | Large Cap |
| AUM | ₹1,303 Cr (30-09-2026) | ₹502 Cr (30-09-2026) |
| NAV | ₹11.51 (Direct) | ₹386.29 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.09% |
| Expense ratio (Regular) | 2.38% | 2.62% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 100 TRI |
| Launch date | 25-09-2024 | 30-01-2003 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Gupta, Siddharth Vora, Mayank Chaturvedi, Dipan S. Parikh | Anandha Padmanabhan Anjeneyan, Vivek Sharma, Vinay Paharia, and Mr. Akhil Dhar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Exit load of 0.5%, if redeemed within 90 days. |
HSBC India Export Opportunities vs PGIM India Large 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 |
|---|---|---|---|---|---|---|---|
| HSBC India Export Opportunities Fund (Direct) | −2.48% | +1.57% | +14.78% | +13.09% | -- | -- | -- |
| PGIM India Large Cap Fund (Direct) | +1.19% | −4.29% | −0.57% | −7.56% | +8.01% | +6.73% | +10.68% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 235 Thematic funds and the 35 Large Cap funds, same plan type.
HSBC India Export Opportunities vs PGIM India Large Cap: Year-wise Returns
| Year | HSBC India Export OpportunitiesHSBC India Export Opportunities | PGIM India Large CapPGIM India Large Cap |
|---|---|---|
| 2026to date | +12.08% | −7.49% |
| 2025 | +2.26% | +8.99% |
| 2024 | -- | +11.08% |
| 2023 | -- | +21.49% |
| 2022 | -- | +2.99% |
| 2021 | -- | +22.81% |
HSBC India Export Opportunities vs PGIM India Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of HSBC India Export Opportunities Fund
Rolling returns
Every 1-year holding period, 265 of them, one for each trading day from 30-09-2025 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.
HSBC India Export Opportunities Fund (Direct)
PGIM India Large Cap Fund (Direct)
Nifty 500 TRI
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC India Export Opportunities | 9.1 | 20.0 | 16.2 | 30.2 | 10.6 | 12.1 | 1.9 | 10.4% | 10.8% | −3.4% | 28.2% | 62% |
| PGIM India Large Cap | 43.0 | 20.0 | 26.0 | 10.9 | 0.0 | 0.0 | 0.0 | 2.4% | 1.5% | −9.5% | 13.7% | 29% |
| Nifty 500 TRI | 26.0 | 31.7 | 31.3 | 8.7 | 2.3 | 0.0 | 0.0 | 3.6% | 3.2% | −9.0% | 15.9% | -- |
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 500 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 30-09-2024. Past returns do not promise future returns.
HSBC India Export Opportunities vs PGIM India Large Cap: 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 30-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC India Export OpportunitiesHSBC India Export Opportunities Fund (Direct) | ₹2,60,000 | ₹3,00,003 | ₹40,003 | 13.4% |
| PGIM India Large CapPGIM India Large Cap Fund (Direct) | ₹2,60,000 | ₹2,55,533 | −₹4,467 | −1.5% |
HSBC India Export OpportunitiesHSBC India Export Opportunities Fund (Direct)
PGIM India Large CapPGIM India Large Cap 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.
HSBC India Export Opportunities vs PGIM India Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC India Export Opportunities Fund (Direct) | PGIM India Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.09% | −7.56% |
| Standard deviation | 16.43% | 13.69% |
| Sharpe ratio | 0.48 | -0.94 |
| Sortino ratio | 0.68 | -1.25 |
| Maximum drawdown | −13.6% (23-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.02 | 0.98 |
| Alpha | +20.63% | +0.79% |
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 | HSBC India Export Opportunities Fund (Direct) | PGIM India Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.08% | +11.56% |
| Standard deviation | 15.95% | 15.17% |
| Sharpe ratio | 0.09 | 0.40 |
| Sortino ratio | 0.12 | 0.55 |
| Maximum drawdown | −20.6% (07-04-2025) | −37.4% (23-03-2020) |
| Beta | 1.01 | 0.94 |
| Alpha | +11.07% | −0.80% |
From daily NAVs, 30-09-2024 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 India Export Opportunities Fund (Direct)
PGIM India Large Cap 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 India Export Opportunities Fund (Direct) | −20.6% | 11-12-2024 | 07-04-2025 | 07-05-2026 | 13 months | −6.2% |
| PGIM India Large Cap Fund (Direct) | −15.4% | 30-09-2024 | 28-02-2025 | 18-09-2025 | 7 months | −8.4% |
| Nifty 500 TRI | −17.8% | 01-10-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.4% |
From daily values since 30-09-2024, 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.
HSBC India Export Opportunities Fund (Direct)
PGIM India Large Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HSBC India Export Opportunities Fund (Direct) | 129% | 75% | 8.89% |
| PGIM India Large Cap Fund (Direct) | 91% | 90% | 3.44% |
From month-end values since 30-09-2024. 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.
HSBC India Export Opportunities vs PGIM India Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC India Export Opportunities Fund, September 2026; PGIM India Large Cap Fund, September 2026
Holdings in common
- Overlap
- 27.4%
- Held by both
- 18
- Only in HSBC India Export Opportunities
- 33
- Only in PGIM India Large Cap
- 38
| Security | % of HSBC India Export Opportunities | % of PGIM India Large Cap |
|---|---|---|
| Reliance Industries Limited | 3.27% | 4.09% |
| Larsen & Toubro Limited | 2.99% | 4.07% |
| TVS Motor Company Limited | 2.57% | 2.28% |
| Bharti Airtel Limited | 2.14% | 5.01% |
| Tech Mahindra Limited | 2.03% | 2.33% |
| Divi''s Laboratories Limited | 3.86% | 1.83% |
| Samvardhana Motherson International Ltd | 1.85% | 1.49% |
| Kotak Mahindra Bank Limited | 1.49% | 3.12% |
| Varun Beverages Limited | 1.43% | 1.52% |
| Sun Pharmaceutical Industries Limited | 2.10% | 1.29% |
| Eicher Motors Limited | 1.22% | 1.45% |
| Torrent Pharmaceuticals Limited | 2.27% | 1.15% |
| InterGlobe Aviation Limited | 1.07% | 1.29% |
| Shriram Finance Limited | 1.21% | 1.04% |
| Tata Consumer Products Limited | 0.90% | 1.33% |
| State Bank of India | 0.80% | 4.12% |
| Hindalco Industries Limited | 3.37% | 0.60% |
| GE Vernova T&D India Limited | 2.16% | 0.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.4% means 27.4% 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 India Export Opportunities Fund
| Security | % of fund |
|---|---|
| AVALON TECHNOLOGIES LIMITED | 6.64% |
| Pearl Global Industries Limited | 4.93% |
| Garware Hi-Tech Films Ltd | 3.04% |
| Lenskart Solutions Limited | 2.75% |
| WOCKHARDT LTD | 2.56% |
Largest holdings only in PGIM India Large Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 8.45% |
| ICICI Bank Ltd. | 8.13% |
| Eternal Ltd. | 3.31% |
| Titan Company Ltd. | 2.76% |
| Bajaj Finance Ltd. | 2.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC India Export Opportunities | PGIM India Large Cap |
|---|---|---|
| Equity | 97.5% | 97.6% |
| Debt | 0.0% | 0.1% |
| Cash and others | 2.5% | 2.3% |
Market cap of stocks
| Market cap | HSBC India Export Opportunities | PGIM India Large Cap |
|---|---|---|
| Large Cap | 39.4% | 86.6% |
| Mid Cap | 13.6% | 9.3% |
| Small Cap | 42.1% | 0.0% |
| Not on AMFI's list | 2.4% | 1.6% |
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 India Export Opportunities | PGIM India Large Cap |
|---|---|---|
| Banks | 3.5% | 26.1% |
| Electrical Equipment | 13.2% | 1.3% |
| Pharmaceuticals & Biotechnology | 13.1% | 5.6% |
| Textiles & Apparels | 8.9% | 0.0% |
| Automobiles | 7.0% | 6.2% |
| Non - Ferrous Metals | 6.5% | 0.6% |
| IT - Software | 4.0% | 6.2% |
| Industrial Products | 5.8% | 0.0% |
| Finance | 1.2% | 5.1% |
| Telecom - Services | 2.1% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC India Export Opportunities vs PGIM India Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC India Export Opportunities Fund | PGIM India Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.09% |
| Base expense ratio (Direct) | 0.73% | 0.80% |
| Total expense ratio (Regular) | 2.38% | 2.62% |
| Base expense ratio (Regular) | 1.86% | 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 India Export Opportunities Fund vs PGIM India Large Cap Fund: Frequently Asked Questions
What is the difference between HSBC India Export Opportunities Fund and PGIM India Large Cap Fund?
HSBC India Export Opportunities Fund is a Thematic fund, PGIM India Large Cap Fund is a Large Cap fund, run by HSBC Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 27.4%. HSBC India Export Opportunities Fund charges 1.05% a year and PGIM India Large Cap Fund 1.09%.
Which has given higher returns, HSBC India Export Opportunities Fund or PGIM India Large Cap Fund?
Over 1 year: HSBC India Export Opportunities Fund +13.09%, PGIM India Large Cap Fund −7.56%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC India Export Opportunities Fund or PGIM India Large Cap Fund?
HSBC India Export Opportunities Fund charges less: 1.05% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC India Export Opportunities Fund and PGIM India Large Cap Fund overlap?
27.4%. They hold 18 of the same securities, the largest shared ones being RELIANCE, LT, TVSMOTOR. From each fund's latest monthly portfolio.
Which is riskier, HSBC India Export Opportunities Fund or PGIM India Large Cap Fund?
On SEBI's riskometer, HSBC India Export Opportunities Fund is rated Very High and PGIM India Large Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 16.43% and 13.69% a year.
Can I invest in both HSBC India Export Opportunities Fund and PGIM India Large Cap Fund?
Yes. 27.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC India Export Opportunities Fund and PGIM India Large Cap Fund?
HSBC India Export Opportunities Fund: Abhishek Gupta, Siddharth Vora, Mayank Chaturvedi, Dipan S. Parikh. PGIM India Large Cap Fund: Anandha Padmanabhan Anjeneyan, Vivek Sharma, Vinay Paharia, and Mr. Akhil Dhar.
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.