HSBC Large Cap Fund vs Shriram Multi Sector Rotation Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Large Cap Fund is a Large Cap fund and Shriram Multi Sector Rotation Fund is a Thematic fund. In the year to 30-10-2026, HSBC Large Cap Fund (Direct) returned −5.3% and Shriram Multi Sector Rotation Fund (Direct) returned −3.6%. HSBC Large Cap Fund charges 1.42% a year and Shriram Multi Sector Rotation Fund 0.98% (Direct plans). Their portfolios overlap 39.4%: they hold 14 of the same securities.
Shriram Multi Sector Rotation Fund
Thematic
- 1 year return
- −3.6%
- Expense ratio
- 0.98%
- NAV
- ₹7.85
Which is better, HSBC Large Cap or Shriram Multi 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.
- Shriram Multi Sector Rotation returned more over 1 year: −3.6% against −5.3%.
- Shriram Multi Sector Rotation costs less: 0.98% a year against 1.42% (Direct plans).
- HSBC Large Cap fell less in its worst fall since 13-12-2024: −15.6% against −29.6%.
- HSBC Large Cap holds more in large companies: 81.2% of the fund in large caps against 58.5%.
- HSBC Large Cap is the larger fund: ₹1,755 Cr against ₹148 Cr.
- Their portfolios overlap 39.4%: 14 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 Large Cap Fund | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Shriram Mutual Fund |
| Category | Large Cap | Thematic |
| AUM | ₹1,755 Cr (30-09-2026) | ₹148 Cr (30-09-2026) |
| NAV | ₹513.79 (Direct) | ₹7.85 (Direct) |
| Expense ratio (Direct) | 1.42% | 0.98% |
| Expense ratio (Regular) | 2.32% | 2.71% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 10-12-2002 | 09-12-2024 |
| Minimum investment | Rs. 5,000 per application | ₹500 |
| Lock in | None | None |
| Fund managers | Neelotpal Sahai, Mayank Chaturvedi, Dipan S. Parikh | Hitesh Savanth, Prateek Nigudkar |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | • 1% of the applicable NAV, if redeemed within 3 months from the date of allotment. • Nil if redeemed after 3 months from the date of allotment |
HSBC Large Cap vs Shriram Multi 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 Large Cap Fund (Direct) | 0.00% | −3.95% | −0.25% | −5.32% | +10.25% | +8.24% | +11.64% |
| Shriram Multi Sector Rotation Fund (Direct) | −0.34% | −6.60% | +0.66% | −3.64% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 235 Thematic funds, same plan type.
HSBC Large Cap vs Shriram Multi Sector Rotation: Year-wise Returns
| Year | HSBC Large CapHSBC Large Cap | Shriram Multi Sector RotationShriram Multi Sector Rotation |
|---|---|---|
| 2026to date | −6.78% | −4.94% |
| 2025 | +5.78% | −17.99% |
| 2024 | +19.42% | -- |
| 2023 | +24.69% | -- |
| 2022 | +1.46% | -- |
| 2021 | +23.86% | -- |
HSBC Large Cap vs Shriram Multi Sector Rotation: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of HSBC Large Cap Fund
Rolling returns
Every 1-year holding period, 215 of them, one for each trading day from 15-12-2025 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 Large Cap Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
Nifty 100 TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC Large Cap | 27.0 | 39.1 | 20.5 | 7.9 | 5.6 | 0.0 | 0.0 | 3.6% | 2.4% | −7.2% | 17.4% | 83% |
| Shriram Multi Sector Rotation | 45.6 | 35.3 | 13.0 | 6.0 | 0.0 | 0.0 | 0.0 | −0.4% | 0.2% | −20.3% | 12.4% | 55% |
| Nifty 100 TRI | 45.6 | 22.3 | 15.3 | 15.8 | 0.9 | 0.0 | 0.0 | 2.2% | 0.7% | −10.5% | 15.3% | -- |
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 100 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 13-12-2024. Past returns do not promise future returns.
HSBC Large Cap vs Shriram Multi Sector Rotation: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| HSBC Large CapHSBC Large Cap Fund (Direct) | ₹2,30,000 | ₹2,27,798 | −₹2,202 | −1.0% |
| Shriram Multi Sector RotationShriram Multi Sector Rotation Fund (Direct) | ₹2,30,000 | ₹2,22,911 | −₹7,089 | −3.1% |
HSBC Large CapHSBC Large Cap Fund (Direct)
Shriram Multi Sector RotationShriram Multi Sector Rotation 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 Large Cap vs Shriram Multi Sector Rotation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Large Cap Fund (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.32% | −3.64% |
| Standard deviation | 14.50% | 15.39% |
| Sharpe ratio | -0.73 | -0.58 |
| Sortino ratio | -0.97 | -0.78 |
| Maximum drawdown | −13.8% (31-03-2026) | −15.7% (31-03-2026) |
| Beta | 1.02 | 1.02 |
| Alpha | +3.62% | +4.01% |
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 Large Cap Fund (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.94% | −12.07% |
| Standard deviation | 16.15% | 16.03% |
| Sharpe ratio | 0.37 | -1.10 |
| Sortino ratio | 0.50 | -1.40 |
| Maximum drawdown | −36.0% (23-03-2020) | −29.6% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.03% | −9.60% |
From daily NAVs, 02-01-2013 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.
HSBC Large Cap Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Large Cap Fund (Direct) | −15.6% | 13-12-2024 | 28-02-2025 | 29-10-2025 | 8 months | −8.2% |
| Shriram Multi Sector Rotation Fund (Direct) | −29.6% | 31-12-2024 | 31-03-2026 | Not yet | -- | −22.0% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 13-12-2024, 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 Large Cap Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| HSBC Large Cap Fund (Direct) | 91% | 94% | 4.00% |
| Shriram Multi Sector Rotation Fund (Direct) | 96% | 161% | 12.50% |
From month-end values since 13-12-2024. 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 Large Cap vs Shriram Multi Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Large Cap Fund, September 2026; Shriram Multi Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 39.4%
- Held by both
- 14
- Only in HSBC Large Cap
- 23
- Only in Shriram Multi Sector Rotation
- 27
| Security | % of HSBC Large Cap | % of Shriram Multi Sector Rotation |
|---|---|---|
| HDFC Bank Limited | 8.48% | 7.77% |
| Eternal Limited | 4.56% | 5.59% |
| Reliance Industries Limited | 6.26% | 3.84% |
| State Bank of India | 3.83% | 4.06% |
| Bharti Airtel Limited | 3.50% | 3.11% |
| Mahindra & Mahindra Limited | 2.94% | 3.38% |
| Axis Bank Limited | 2.79% | 5.71% |
| InterGlobe Aviation Limited | 2.84% | 2.76% |
| Apollo Hospitals Enterprise Limited | 2.09% | 3.14% |
| SWIGGY LIMITED | 2.14% | 1.70% |
| Infosys Limited | 2.83% | 1.39% |
| Tech Mahindra Limited | 1.09% | 2.00% |
| SBI Life Insurance Company Limited | 0.97% | 2.15% |
| Sun Pharmaceutical Industries Limited | 0.78% | 0.56% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.4% means 39.4% 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 Large Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 8.66% |
| Sterlite Technologies Limited | 5.70% |
| Larsen & Toubro Limited | 5.36% |
| Shriram Finance Limited | 4.48% |
| Tata Motors Limited | 2.40% |
Largest holdings only in Shriram Multi Sector Rotation Fund
| Security | % of fund |
|---|---|
| Adani Ports & Special Economic Zone Ltd. | 3.55% |
| Samvardhana Motherson International Ltd. | 3.16% |
| Nuvama Wealth Management Ltd. | 2.78% |
| Samhi Hotels Ltd. | 2.76% |
| Computer Age Management Services Ltd. | 2.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Large Cap | Shriram Multi Sector Rotation |
|---|---|---|
| Equity | 96.7% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.3% | 0.2% |
Market cap of stocks
| Market cap | HSBC Large Cap | Shriram Multi Sector Rotation |
|---|---|---|
| Large Cap | 81.2% | 58.5% |
| Mid Cap | 7.3% | 9.8% |
| Small Cap | 6.8% | 31.5% |
| Not on AMFI's list | 1.5% | 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 Large Cap | Shriram Multi Sector Rotation |
|---|---|---|
| Banks | 23.8% | 20.2% |
| Retailing | 9.8% | 7.3% |
| Healthcare Services | 2.1% | 9.6% |
| Capital Markets | 2.0% | 9.2% |
| IT - Software | 5.0% | 7.7% |
| Finance | 6.7% | 4.0% |
| Petroleum Products | 6.3% | 3.8% |
| Auto Components | 0.0% | 6.1% |
| Telecom - Equipment & Accessories | 5.7% | 0.0% |
| Construction | 5.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Large Cap vs Shriram Multi Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Large Cap Fund | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.42% | 0.98% |
| Base expense ratio (Direct) | 1.03% | 0.60% |
| Total expense ratio (Regular) | 2.32% | 2.71% |
| Base expense ratio (Regular) | 1.79% | 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
Compare HSBC Large Cap with
Compare Shriram Multi Sector Rotation with
HSBC Large Cap Fund vs Shriram Multi Sector Rotation Fund: Frequently Asked Questions
What is the difference between HSBC Large Cap Fund and Shriram Multi Sector Rotation Fund?
HSBC Large Cap Fund is a Large Cap fund, Shriram Multi Sector Rotation Fund is a Thematic fund, run by HSBC Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 39.4%. HSBC Large Cap Fund charges 1.42% a year and Shriram Multi Sector Rotation Fund 0.98%.
Which has given higher returns, HSBC Large Cap Fund or Shriram Multi Sector Rotation Fund?
Over 1 year: HSBC Large Cap Fund −5.32%, Shriram Multi Sector Rotation Fund −3.64%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, HSBC Large Cap Fund or Shriram Multi Sector Rotation Fund?
Shriram Multi Sector Rotation Fund charges less: 0.98% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Large Cap Fund and Shriram Multi Sector Rotation Fund overlap?
39.4%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ETERNAL, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, HSBC Large Cap Fund or Shriram Multi Sector Rotation Fund?
On SEBI's riskometer, HSBC Large Cap Fund is rated Very High and Shriram Multi Sector Rotation Fund Very High. Over 1 years, the standard deviation of daily returns was 14.50% and 15.39% a year.
Can I invest in both HSBC Large Cap Fund and Shriram Multi Sector Rotation Fund?
Yes. 39.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Large Cap Fund and Shriram Multi Sector Rotation Fund?
HSBC Large Cap Fund: Neelotpal Sahai, Mayank Chaturvedi, Dipan S. Parikh. Shriram Multi Sector Rotation Fund: Hitesh Savanth, Prateek Nigudkar.
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.