HSBC Value Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Value Fund and NJ Value Fund are both Value and Contra funds. HSBC Value Fund charges 0.89% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 26.7%: they hold 28 of the same securities.
Which is better, HSBC Value or NJ Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Value costs less: 0.89% a year against 1.60% (Direct plans).
- HSBC Value fell less in its worst fall since 03-08-2026: −9.8% against −10.7%.
- Their portfolios overlap 26.7%: 28 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 Value Fund | NJ Value Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | NJ Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹14,660 Cr (30-09-2026) | Not available |
| NAV | ₹119.88 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 0.89% | 1.60% |
| Expense ratio (Regular) | 1.85% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 08-01-2010 | 30-07-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Venugopal Manghat, Mayank Chaturvedi, Dipan S. Parikh | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Nil |
HSBC Value vs NJ Value: 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 Value Fund (Direct) | −3.06% | −6.13% | −5.12% | −5.46% | +14.13% | -- | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
HSBC Value vs NJ Value: Year-wise Returns
| Year | HSBCHSBC Value | NJNJ Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −6.96% | -- | −7.51% |
| 2025 | +8.02% | -- | +7.76% |
| 2024 | +27.13% | -- | +16.24% |
| 2023 | +40.71% | -- | +26.91% |
HSBC Value vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
HSBC Value vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Value Fund (Direct) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.15% | −33.20% |
| Standard deviation | 14.87% | 11.23% |
| Sharpe ratio | 0.67 | -3.42 |
| Sortino ratio | 0.90 | -3.90 |
| Maximum drawdown | −19.6% (03-03-2025) | −10.7% (23-10-2026) |
| Beta | 1.06 | 0.94 |
| Alpha | +6.19% | −6.42% |
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 Value Fund (Direct)
NJ Value 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 Value Fund (Direct) | −9.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −8.8% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 03-08-2026, the first day every fund has.
HSBC Value vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Value Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 26.7%
- Held by both
- 28
- Only in HSBC Value
- 58
- Only in NJ Value
- 47
| Security | % of HSBC Value | % of NJ Value |
|---|---|---|
| Jindal Stainless Limited | 1.74% | 1.46% |
| Hero MotoCorp Limited | 2.09% | 1.39% |
| Larsen & Toubro Limited | 2.10% | 1.37% |
| Indian Bank | 1.88% | 1.36% |
| Karur Vysya Bank Limited | 3.50% | 1.33% |
| NTPC Limited | 1.60% | 1.33% |
| Reliance Industries Limited | 2.72% | 1.30% |
| Bharti Airtel Limited | 1.24% | 1.28% |
| Punjab National Bank | 1.22% | 1.41% |
| Maruti Suzuki India Limited | 1.38% | 1.20% |
| Jubilant Foodworks Limited | 1.07% | 1.49% |
| Sun Pharmaceutical Industries Limited | 1.06% | 1.31% |
| Hindustan Unilever Limited | 1.04% | 1.28% |
| Mahindra & Mahindra Financial Serv Ltd. | 1.03% | 1.19% |
| Hindustan Petroleum Corporation Limited | 0.99% | 1.29% |
| Oberoi Realty Limited | 0.89% | 1.38% |
| Page Industries Limited | 0.86% | 1.29% |
| Canara Bank | 0.86% | 1.35% |
| Infosys Limited | 0.84% | 1.26% |
| Godfrey Phillips India Limited | 0.78% | 1.27% |
| Hindalco Industries Limited | 0.73% | 1.38% |
| Coromandel International Limited | 0.67% | 1.21% |
| Housing and Urban Development Corp. Ltd. | 0.51% | 1.20% |
| Oil India Limited | 0.51% | 1.40% |
| HCL Technologies Limited | 0.48% | 1.31% |
| ITC Limited | 0.46% | 1.34% |
| National Aluminium Company Limited | 0.44% | 1.40% |
| Wipro Limited | 0.29% | 1.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.7% means 26.7% 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 Value Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 5.07% |
| ICICI Bank Limited | 4.00% |
| The Federal Bank Limited | 3.15% |
| State Bank of India | 3.01% |
| FINOLEX CABLES LTD | 2.97% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Bosch Limited | 1.64% |
| Samvardhana Motherson International Limited | 1.55% |
| Zydus Lifesciences Limited | 1.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Value | NJ Value |
|---|---|---|
| Equity | 98.1% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.9% | 0.6% |
Market cap of stocks
| Market cap | HSBC Value | NJ Value |
|---|---|---|
| Large Cap | 41.7% | 40.9% |
| Mid Cap | 17.7% | 34.3% |
| Small Cap | 38.3% | 24.1% |
| Not on AMFI's list | 0.5% | 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 Value | NJ Value |
|---|---|---|
| Banks | 24.7% | 12.2% |
| IT - Software | 3.6% | 8.7% |
| Finance | 7.6% | 8.6% |
| Auto Components | 0.5% | 8.3% |
| Pharmaceuticals & Biotechnology | 1.8% | 7.9% |
| Textiles & Apparels | 7.0% | 1.3% |
| Industrial Products | 6.1% | 2.7% |
| Automobiles | 4.3% | 4.0% |
| Construction | 4.0% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
HSBC Value vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Value Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 1.60% |
| Base expense ratio (Direct) | 0.65% | 0.58% |
| Total expense ratio (Regular) | 1.85% | 3.39% |
| Base expense ratio (Regular) | 1.46% | 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
HSBC Value Fund vs NJ Value Fund: Frequently Asked Questions
What is the difference between HSBC Value Fund and NJ Value Fund?
Both are Value and Contra funds, run by HSBC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 26.7%. HSBC Value Fund charges 0.89% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, HSBC Value Fund or NJ Value Fund?
HSBC Value Fund charges less: 0.89% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Value Fund and NJ Value Fund overlap?
26.7%. They hold 28 of the same securities, the largest shared ones being JSL, HEROMOTOCO, LT. From each fund's latest monthly portfolio.
Which is riskier, HSBC Value Fund or NJ Value Fund?
On SEBI's riskometer, HSBC Value Fund is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 14.87% and 11.23% a year.
Can I invest in both HSBC Value Fund and NJ Value Fund?
Yes. 26.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Value Fund and NJ Value Fund?
HSBC Value Fund: Venugopal Manghat, Mayank Chaturvedi, Dipan S. Parikh. NJ Value Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.