HSBC Multi Cap Fund vs The Wealth Company Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Multi Cap Fund and The Wealth Company Multi Cap Fund are both Multi Cap funds. HSBC Multi Cap Fund charges 0.80% a year and The Wealth Company Multi Cap Fund 4.86% (Direct plans). Their portfolios overlap 9.3%: they hold 9 of the same securities.
The Wealth Company Multi Cap Fund
Multi Cap
- Expense ratio
- 4.86%
- NAV
- ₹9.51
Which is better, HSBC Multi Cap or The Wealth Company Multi 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 Multi Cap costs less: 0.80% a year against 4.86% (Direct plans).
- The Wealth Company Multi Cap fell less in its worst fall since 21-09-2026: −7.2% against −9.5%.
- HSBC Multi Cap is the larger fund: ₹6,380 Cr against ₹139 Cr.
- Their portfolios overlap 9.3%: 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 Multi Cap Fund | The Wealth Company Multi Cap Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | The Wealth Company Mutual Fund |
| Category | Multi Cap | Multi Cap |
| AUM | ₹6,380 Cr (30-09-2026) | ₹139 Cr (30-09-2026) |
| NAV | ₹19.86 (Direct) | ₹9.51 (Direct) |
| Expense ratio (Direct) | 0.80% | 4.86% |
| Expense ratio (Regular) | 2.04% | 6.87% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 30-01-2023 | 17-09-2026 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Venugopal Manghat, Mahesh Chhabria, Mayank Chaturvedi, Dipan S. Parikh | Chinmay Sathe |
| 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 Multi Cap vs The Wealth Company Multi 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 Multi Cap Fund (Direct) | −3.78% | −3.51% | +0.87% | −0.09% | +16.40% | -- | -- |
| The Wealth Company Multi Cap Fund (Direct) | −2.86% | -- | -- | -- | -- | -- | -- |
| Multi Cap average | −2.65% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
HSBC Multi Cap vs The Wealth Company Multi Cap: Year-wise Returns
| Year | HSBCHSBC Multi Cap | The Wealth CompanyThe Wealth Company Multi Cap | Nifty500 Multicap 50:25:25 TRI |
|---|---|---|---|
| 2026to date | +0.60% | -- | −5.56% |
| 2025 | +2.42% | -- | +5.29% |
| 2024 | +30.28% | -- | +19.34% |
HSBC Multi Cap vs The Wealth Company Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of both
HSBC Multi Cap vs The Wealth Company Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Multi Cap Fund (Direct) | The Wealth Company Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.09% | −37.67% |
| Standard deviation | 15.03% | 17.26% |
| Sharpe ratio | 0.93 | -2.50 |
| Sortino ratio | 1.26 | -3.01 |
| Maximum drawdown | −20.1% (28-02-2025) | −7.2% (23-10-2026) |
| Beta | 1.03 | 1.00 |
| Alpha | +5.75% | +1.42% |
From daily NAVs, 03-02-2023 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 Multi Cap Fund (Direct)
The Wealth Company Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Multi Cap Fund (Direct) | −9.5% | 23-09-2026 | 23-10-2026 | Not yet | -- | −7.0% |
| The Wealth Company Multi Cap Fund (Direct) | −7.2% | 21-09-2026 | 23-10-2026 | Not yet | -- | −4.9% |
| Nifty500 Multicap 50:25:25 TRI | −7.6% | 23-09-2026 | 23-10-2026 | Not yet | -- | −5.5% |
From daily values since 21-09-2026, the first day every fund has.
HSBC Multi Cap vs The Wealth Company Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Multi Cap Fund, September 2026; The Wealth Company Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 9.3%
- Held by both
- 9
- Only in HSBC Multi Cap
- 91
- Only in The Wealth Company Multi Cap
- 32
| Security | % of HSBC Multi Cap | % of The Wealth Company Multi Cap |
|---|---|---|
| HDFC Bank Limited | 2.85% | 6.14% |
| Larsen & Toubro Limited | 1.51% | 2.71% |
| GE Vernova T&D India Limited | 1.44% | 4.55% |
| Lupin Limited | 0.87% | 1.03% |
| Billionbrains Garage Ventures Ltd. | 0.68% | 0.96% |
| Maruti Suzuki India Limited | 0.59% | 2.16% |
| Mahindra & Mahindra Limited | 0.51% | 2.56% |
| Trent Limited | 0.40% | 0.95% |
| Infosys Limited | 0.40% | 4.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.3% means 9.3% 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 Multi Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Limited | 3.10% |
| APAR INDUSTRIES LTD | 2.39% |
| The Federal Bank Limited | 2.33% |
| Radico Khaitan Limited | 2.31% |
| Engineers India Limited | 2.27% |
Largest holdings only in The Wealth Company Multi Cap Fund
| Security | % of fund |
|---|---|
| Life Insurance Corporation Of India | 4.28% |
| Dixon Technologies (India) Limited | 3.78% |
| The Indian Hotels Company Limited | 3.57% |
| Tata Consultancy Services Limited | 2.96% |
| Bajaj Auto Limited | 2.94% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Multi Cap | The Wealth Company Multi Cap |
|---|---|---|
| Equity | 97.5% | 95.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.5% | 4.2% |
Market cap of stocks
| Market cap | HSBC Multi Cap | The Wealth Company Multi Cap |
|---|---|---|
| Large Cap | 36.1% | 35.0% |
| Mid Cap | 25.9% | 28.8% |
| Small Cap | 31.1% | 29.7% |
| Not on AMFI's list | 4.5% | 2.4% |
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 Multi Cap | The Wealth Company Multi Cap |
|---|---|---|
| Banks | 13.7% | 6.1% |
| Consumer Durables | 2.1% | 12.6% |
| Electrical Equipment | 11.0% | 4.5% |
| IT - Software | 2.6% | 9.5% |
| Pharmaceuticals & Biotechnology | 8.6% | 5.0% |
| Automobiles | 4.5% | 7.7% |
| Industrial Products | 7.4% | 4.0% |
| Auto Components | 1.4% | 6.7% |
| Insurance | 0.0% | 6.4% |
| Capital Markets | 4.5% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Multi Cap vs The Wealth Company Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Multi Cap Fund | The Wealth Company Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 4.86% |
| Base expense ratio (Direct) | 0.52% | 0.40% |
| Total expense ratio (Regular) | 2.04% | 6.87% |
| Base expense ratio (Regular) | 1.57% | 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 Multi Cap with
HSBC Multi Cap Fund vs The Wealth Company Multi Cap Fund: Frequently Asked Questions
What is the difference between HSBC Multi Cap Fund and The Wealth Company Multi Cap Fund?
Both are Multi Cap funds, run by HSBC Mutual Fund and The Wealth Company Mutual Fund. Their portfolios overlap 9.3%. HSBC Multi Cap Fund charges 0.80% a year and The Wealth Company Multi Cap Fund 4.86%.
Which has the lower expense ratio, HSBC Multi Cap Fund or The Wealth Company Multi Cap Fund?
HSBC Multi Cap Fund charges less: 0.80% a year against 4.86%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Multi Cap Fund and The Wealth Company Multi Cap Fund overlap?
9.3%. They hold 9 of the same securities, the largest shared ones being HDFCBANK, LT, GVT&D. From each fund's latest monthly portfolio.
Which is riskier, HSBC Multi Cap Fund or The Wealth Company Multi Cap Fund?
On SEBI's riskometer, HSBC Multi Cap Fund is rated Very High and The Wealth Company Multi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 15.03% and 17.26% a year.
Can I invest in both HSBC Multi Cap Fund and The Wealth Company Multi Cap Fund?
Yes. 9.3% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages HSBC Multi Cap Fund and The Wealth Company Multi Cap Fund?
HSBC Multi Cap Fund: Venugopal Manghat, Mahesh Chhabria, Mayank Chaturvedi, Dipan S. Parikh. The Wealth Company Multi Cap Fund: Chinmay Sathe.
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.