HSBC Midcap Fund vs SBI Nifty Midcap 150 Momentum 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
HSBC Midcap Fund is a Mid Cap fund and SBI Nifty Midcap 150 Momentum 50 ETF is an ETF fund. HSBC Midcap Fund charges 1.11% a year and SBI Nifty Midcap 150 Momentum 50 ETF 0.47%. Their portfolios overlap 32.7%: they hold 20 of the same securities.
SBI Nifty Midcap 150 Momentum 50 ETF
ETF
- Expense ratio
- 0.47%
- NAV
- ₹59.47
Which is better, HSBC Midcap or SBI Nifty Midcap 150 Momentum 50 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty Midcap 150 Momentum 50 ETF costs less: 0.47% a year against 1.11%.
- SBI Nifty Midcap 150 Momentum 50 ETF fell less in its worst fall since 05-03-2026: −13.0% against −13.1%.
- SBI Nifty Midcap 150 Momentum 50 ETF holds more in large companies: 20.6% of the fund in large caps against 4.7%.
- HSBC Midcap is the larger fund: ₹16,800 Cr against ₹129 Cr.
- Their portfolios overlap 32.7%: 20 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 Midcap Fund | SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| Fund house | HSBC Mutual Fund | SBI Mutual Fund |
| Category | Mid Cap | ETF |
| AUM | ₹16,800 Cr (30-09-2026) | ₹129 Cr (30-09-2026) |
| NAV | ₹502.29 (Direct) | ₹59.47 (Regular) |
| Expense ratio (Direct) | 1.11% | Not available |
| Expense ratio (Regular) | 2.18% | 0.47% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | NIFTY Midcap 150 Momentum 50 TRI |
| Launch date | 09-08-2004 | 02-03-2026 |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | None |
| Fund managers | Cheenu Gupta, Mayank Chaturvedi, Dipan S. Parikh | Viral Chhadva |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Not available |
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: 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 Midcap Fund (Direct) | −2.89% | −2.26% | +3.65% | +9.56% | +21.64% | -- | -- |
| SBI Nifty Midcap 150 Momentum 50 ETF (Regular) | −2.14% | −4.23% | −2.63% | -- | -- | -- | -- |
| 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.
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: Year-wise Returns
| Year | HSBC MidcapHSBC Midcap | SBI Nifty Midcap 150 Momentum 50 ETFSBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| 2026to date | +9.89% | -- |
| 2025 | −0.31% | -- |
| 2024 | +41.24% | -- |
| 2023 | +41.53% | -- |
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of HSBC Midcap Fund
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Midcap Fund (Direct) | SBI Nifty Midcap 150 Momentum 50 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +21.80% | −2.31% |
| Standard deviation | 17.02% | 20.16% |
| Sharpe ratio | 0.92 | -0.38 |
| Sortino ratio | 1.23 | -0.52 |
| Maximum drawdown | −26.0% (28-02-2025) | −13.0% (23-10-2026) |
| Beta | 1.01 | 1.00 |
| Alpha | +5.71% | −0.43% |
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 Midcap Fund (Direct)
SBI Nifty Midcap 150 Momentum 50 ETF (Regular)
Nifty Midcap 150 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Midcap Fund (Direct) | −13.1% | 31-08-2026 | 23-10-2026 | Not yet | -- | −9.5% |
| SBI Nifty Midcap 150 Momentum 50 ETF (Regular) | −13.0% | 31-08-2026 | 23-10-2026 | Not yet | -- | −8.9% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 05-03-2026, the first day every fund has.
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Midcap Fund, September 2026; SBI Nifty Midcap 150 Momentum 50 ETF, September 2026
Holdings in common
- Overlap
- 32.7%
- Held by both
- 20
- Only in HSBC Midcap
- 45
- Only in SBI Nifty Midcap 150 Momentum 50 ETF
- 30
| Security | % of HSBC Midcap | % of SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| The Federal Bank Limited | 3.90% | 4.60% |
| GE Vernova T&D India Limited | 3.09% | 4.29% |
| Bharat Forge Limited | 2.61% | 3.91% |
| AU Small Finance Bank Limited | 2.34% | 2.68% |
| Hitachi Energy India Limited | 2.28% | 3.53% |
| APAR INDUSTRIES LTD | 3.16% | 1.90% |
| FSN E-Commerce Ventures Limited | 3.38% | 1.66% |
| Aditya Birla Capital Limited | 1.66% | 1.65% |
| IndusInd Bank Limited | 1.64% | 2.14% |
| Multi Commodity Exchange of India Ltd. | 1.62% | 5.99% |
| Radico Khaitan Limited | 2.89% | 1.61% |
| Ashok Leyland Limited | 1.48% | 1.63% |
| One 97 Communications Limited | 1.47% | 1.87% |
| Thermax Limited | 1.67% | 1.15% |
| Lupin Limited | 1.11% | 2.21% |
| Nippon Life India Asset Management Ltd | 2.01% | 1.08% |
| Indian Bank | 1.44% | 1.08% |
| JSW Energy Limited | 0.95% | 1.51% |
| Max Financial Services Limited | 0.03% | 1.11% |
| KEI Industries Limited | 0.02% | 1.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.7% means 32.7% 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 Midcap Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Limited | 5.08% |
| Meesho Limited | 5.04% |
| Aditya Infotech Limited | 3.64% |
| Piramal Finance Ltd | 3.56% |
| Ather Energy Limited | 3.03% |
Largest holdings only in SBI Nifty Midcap 150 Momentum 50 ETF
| Security | % of fund |
|---|---|
| Laurus Labs Ltd. | 7.02% |
| Bharat Heavy Electricals Ltd. | 4.46% |
| BSE Ltd. | 4.10% |
| National Aluminium Company Ltd. | 3.21% |
| Polycab India Ltd. | 3.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Midcap | SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| Equity | 99.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.8% | 0.0% |
Market cap of stocks
| Market cap | HSBC Midcap | SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| Large Cap | 4.7% | 20.6% |
| Mid Cap | 65.3% | 79.3% |
| Small Cap | 25.0% | 0.0% |
| Not on AMFI's list | 4.2% | 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 Midcap | SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 7.9% | 15.6% |
| Electrical Equipment | 15.4% | 15.3% |
| Retailing | 13.5% | 1.7% |
| Banks | 11.0% | 12.0% |
| Capital Markets | 5.1% | 11.2% |
| Finance | 7.3% | 2.7% |
| Industrial Products | 0.2% | 6.8% |
| Auto Components | 5.5% | 3.9% |
| Telecom - Services | 0.0% | 5.2% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Midcap vs SBI Nifty Midcap 150 Momentum 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Midcap Fund | SBI Nifty Midcap 150 Momentum 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | Not available |
| Base expense ratio (Direct) | 0.54% | 0.00% |
| Total expense ratio (Regular) | 2.18% | 0.47% |
| Base expense ratio (Regular) | 1.44% | 0.35% |
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
HSBC Midcap Fund vs SBI Nifty Midcap 150 Momentum 50 ETF: Frequently Asked Questions
What is the difference between HSBC Midcap Fund and SBI Nifty Midcap 150 Momentum 50 ETF?
HSBC Midcap Fund is a Mid Cap fund, SBI Nifty Midcap 150 Momentum 50 ETF is an ETF fund, run by HSBC Mutual Fund and SBI Mutual Fund. Their portfolios overlap 32.7%. HSBC Midcap Fund charges 1.11% a year and SBI Nifty Midcap 150 Momentum 50 ETF 0.47%.
Which has the lower expense ratio, HSBC Midcap Fund or SBI Nifty Midcap 150 Momentum 50 ETF?
SBI Nifty Midcap 150 Momentum 50 ETF charges less: 0.47% a year against 1.11%. These are the total expense ratios reported to AMFI.
How much do HSBC Midcap Fund and SBI Nifty Midcap 150 Momentum 50 ETF overlap?
32.7%. They hold 20 of the same securities, the largest shared ones being FEDERALBNK, GVT&D, BHARATFORG. From each fund's latest monthly portfolio.
Which is riskier, HSBC Midcap Fund or SBI Nifty Midcap 150 Momentum 50 ETF?
On SEBI's riskometer, HSBC Midcap Fund is rated Very High and SBI Nifty Midcap 150 Momentum 50 ETF Very High. Over their common history, the standard deviation of daily returns was 17.02% and 20.16% a year.
Can I invest in both HSBC Midcap Fund and SBI Nifty Midcap 150 Momentum 50 ETF?
Yes. 32.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Midcap Fund and SBI Nifty Midcap 150 Momentum 50 ETF?
HSBC Midcap Fund: Cheenu Gupta, Mayank Chaturvedi, Dipan S. Parikh. SBI Nifty Midcap 150 Momentum 50 ETF: Viral Chhadva.
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.