HSBC Midcap Fund vs The Wealth Company Mid Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Midcap Fund and The Wealth Company Mid Cap Fund are both Mid Cap funds. HSBC Midcap Fund charges 1.11% a year and The Wealth Company Mid Cap Fund 2.26% (Direct plans). Their portfolios overlap 7.2%: they hold 9 of the same securities.
Which is better, HSBC Midcap or The Wealth Company Mid 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 Midcap costs less: 1.11% a year against 2.26% (Direct plans).
- The Wealth Company Mid Cap fell less in its worst fall since 06-08-2026: −11.5% against −13.1%.
- HSBC Midcap is the larger fund: ₹16,800 Cr against ₹172 Cr.
- Their portfolios overlap 7.2%: 9 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 | The Wealth Company Mid Cap Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | The Wealth Company Mutual Fund |
| Category | Mid Cap | Mid Cap |
| AUM | ₹16,800 Cr (30-09-2026) | ₹172 Cr (30-09-2026) |
| NAV | ₹502.29 (Direct) | ₹9.05 (Direct) |
| Expense ratio (Direct) | 1.11% | 2.26% |
| Expense ratio (Regular) | 2.18% | 4.27% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| Launch date | 09-08-2004 | 04-08-2026 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Cheenu Gupta, Mayank Chaturvedi, Dipan S. Parikh | Chinmay Sathe, Aparna Shanker |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | 1% - If redeemed/switched out within 180 days from the date of allotment. Nil - if redeemed/switched out after 180 days from the date of allotment |
HSBC Midcap vs The Wealth Company Mid 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 Midcap Fund (Direct) | −2.89% | −2.26% | +3.65% | +9.56% | +21.64% | -- | -- |
| The Wealth Company Mid Cap Fund (Direct) | −4.80% | -- | -- | -- | -- | -- | -- |
| Mid Cap average | −3.36% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 34 Mid Cap funds, same plan type.
HSBC Midcap vs The Wealth Company Mid Cap: Year-wise Returns
| Year | HSBC MidcapHSBC Midcap | The Wealth Company Mid CapThe Wealth Company Mid Cap | Nifty Midcap 150 TRI |
|---|---|---|---|
| 2026to date | +9.89% | -- | −4.97% |
| 2025 | −0.31% | -- | +5.98% |
| 2024 | +41.24% | -- | +24.46% |
| 2023 | +41.53% | -- | +44.61% |
HSBC Midcap vs The Wealth Company Mid Cap: Rolling Returns
Every holding period of both funds, against Nifty Midcap 150 TRI, the benchmark of both
HSBC Midcap vs The Wealth Company Mid Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Midcap Fund (Direct) | The Wealth Company Mid Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.80% | −34.52% |
| Standard deviation | 17.02% | 12.76% |
| Sharpe ratio | 0.92 | -3.12 |
| Sortino ratio | 1.23 | -3.54 |
| Maximum drawdown | −26.0% (28-02-2025) | −11.5% (23-10-2026) |
| Beta | 1.01 | 0.86 |
| Alpha | +5.71% | −4.89% |
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)
The Wealth Company Mid Cap Fund (Direct)
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% |
| The Wealth Company Mid Cap Fund (Direct) | −11.5% | 26-08-2026 | 23-10-2026 | Not yet | -- | −9.9% |
| Nifty Midcap 150 TRI | −12.5% | 31-08-2026 | 23-10-2026 | Not yet | -- | −10.5% |
From daily values since 06-08-2026, the first day every fund has.
HSBC Midcap vs The Wealth Company Mid Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Midcap Fund, September 2026; The Wealth Company Mid Cap Fund, September 2026
Holdings in common
- Overlap
- 7.2%
- Held by both
- 9
- Only in HSBC Midcap
- 56
- Only in The Wealth Company Mid Cap
- 35
| Security | % of HSBC Midcap | % of The Wealth Company Mid Cap |
|---|---|---|
| GE Vernova T&D India Limited | 3.09% | 4.88% |
| Thermax Limited | 1.67% | 1.97% |
| Lupin Limited | 1.11% | 1.65% |
| Prestige Estates Projects Limited | 1.09% | 2.58% |
| One 97 Communications Limited | 1.47% | 0.09% |
| Syngene International Limited | 0.06% | 1.06% |
| Max Financial Services Limited | 0.03% | 1.59% |
| Dixon Technologies (India) Limited | 0.02% | 4.79% |
| SWIGGY LIMITED | 0.01% | 3.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 7.2% means 7.2% 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% |
| The Federal Bank Limited | 3.90% |
| Aditya Infotech Limited | 3.64% |
| Piramal Finance Ltd | 3.56% |
Largest holdings only in The Wealth Company Mid Cap Fund
| Security | % of fund |
|---|---|
| The Indian Hotels Company Limited | 6.02% |
| Dr. Reddy's Laboratories Limited | 4.29% |
| HDFC Bank Limited | 4.11% |
| Balkrishna Industries Limited | 3.68% |
| ITC Hotels Limited | 3.64% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Midcap | The Wealth Company Mid Cap |
|---|---|---|
| Equity | 99.2% | 89.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.8% | 10.5% |
Market cap of stocks
| Market cap | HSBC Midcap | The Wealth Company Mid Cap |
|---|---|---|
| Large Cap | 4.7% | 5.6% |
| Mid Cap | 65.3% | 69.7% |
| Small Cap | 25.0% | 13.7% |
| Not on AMFI's list | 4.2% | 0.4% |
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 | The Wealth Company Mid Cap |
|---|---|---|
| Electrical Equipment | 15.4% | 6.8% |
| Retailing | 13.5% | 3.6% |
| Pharmaceuticals & Biotechnology | 7.9% | 12.9% |
| Consumer Durables | 0.1% | 12.8% |
| Leisure Services | 0.0% | 11.3% |
| Auto Components | 5.5% | 11.2% |
| Banks | 11.0% | 4.1% |
| Finance | 7.3% | 0.4% |
| Insurance | 0.0% | 6.5% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Midcap vs The Wealth Company Mid Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Midcap Fund | The Wealth Company Mid Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | 2.26% |
| Base expense ratio (Direct) | 0.54% | 0.40% |
| Total expense ratio (Regular) | 2.18% | 4.27% |
| Base expense ratio (Regular) | 1.44% | 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 Midcap with
HSBC Midcap Fund vs The Wealth Company Mid Cap Fund: Frequently Asked Questions
What is the difference between HSBC Midcap Fund and The Wealth Company Mid Cap Fund?
Both are Mid Cap funds, run by HSBC Mutual Fund and The Wealth Company Mutual Fund. Their portfolios overlap 7.2%. HSBC Midcap Fund charges 1.11% a year and The Wealth Company Mid Cap Fund 2.26%.
Which has the lower expense ratio, HSBC Midcap Fund or The Wealth Company Mid Cap Fund?
HSBC Midcap Fund charges less: 1.11% a year against 2.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Midcap Fund and The Wealth Company Mid Cap Fund overlap?
7.2%. They hold 9 of the same securities, the largest shared ones being GVT&D, THERMAX, LUPIN. From each fund's latest monthly portfolio.
Which is riskier, HSBC Midcap Fund or The Wealth Company Mid Cap Fund?
On SEBI's riskometer, HSBC Midcap Fund is rated Very High and The Wealth Company Mid Cap Fund Very High. Over their common history, the standard deviation of daily returns was 17.02% and 12.76% a year.
Can I invest in both HSBC Midcap Fund and The Wealth Company Mid Cap Fund?
Yes. 7.2% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HSBC Midcap Fund and The Wealth Company Mid Cap Fund?
HSBC Midcap Fund: Cheenu Gupta, Mayank Chaturvedi, Dipan S. Parikh. The Wealth Company Mid Cap Fund: Chinmay Sathe, Aparna Shanker.
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.