HSBC Financial Services Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HSBC Financial Services Fund is a Thematic fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹903 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −1.9% and its Regular plan returned −3.3%. Its benchmark, BSE Financial Services TRI, returned −9.9% over the same year.

NAV (Direct plan): ₹11.77; ▼ 0.99%30-10-2026
NAV (Regular plan): ₹11.49; ▼ 0.99%30-10-2026
Expense ratio: 0.99%Direct2.44%Regular; 0.99%; A year
Riskometer: Very High; Set by the fund house
1 year return: −1.9%Direct−3.3%Regular; −1.9%; Total

HSBC Financial Services Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.77 (down 0.99% that day); Regular Plan Growth ₹11.49 (down 0.99% that day).

This fund (Direct plan)

₹11.7736

HSBC Financial Services Fund Returns vs BSE Financial Services TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−2.86%	−6.79%	−4.31%	−1.91%	--	--	--
This fund (Regular)	−2.98%	−7.14%	−5.00%	−3.34%	--	--	--
BSE Financial Services TRI	−1.49%	−6.66%	−2.59%	−9.90%	+8.68%	+6.94%	+10.88%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	142/235	162/232	179/232	87/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

HSBC Financial Services Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	BSE Financial Services TRI
2026to date	−4.56%	−5.73%	−10.78%

HSBC Financial Services Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 162 periods, one for each trading day from 04-03-2026 to 30-10-2026.

−20%−10%0%10%20%30%

Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026

HSBC Financial Services Fund (Direct)BSE Financial Services TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	162	10.0%	−3.5%	20.9%	4%	0.2%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE Financial Services TRI over the same days. Past returns do not promise future returns.

HSBC Financial Services Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HSBC Financial Services Fund (Direct)This fund	BSE Financial Services TRI
Return (CAGR)	−1.91%	−9.90%
Standard deviation	18.35%	17.15%
Sharpe ratio	-0.39	-0.88
Sortino ratio	-0.55	-1.20
Maximum drawdown	−14.8% (30-03-2026)	−17.5% (30-03-2026)
Beta	1.03	1.00
Alpha	+8.40%	0.00%

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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	HSBC Financial Services Fund (Direct)This fund	BSE Financial Services TRI
Return (CAGR)	+10.27%	+6.40%
Standard deviation	16.88%	15.96%
Sharpe ratio	0.29	0.06
Sortino ratio	0.41	0.09
Maximum drawdown	−14.8% (30-03-2026)	−17.5% (30-03-2026)
Beta	1.01	1.00
Alpha	+3.86%	0.00%

From daily NAVs, 04-03-2025 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

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.

−20%−15%−10%−5%0%

2026

HSBC Financial Services Fund (Direct)BSE Financial Services TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Financial Services Fund (Direct)	−14.8%	18-02-2026	30-03-2026	07-05-2026	38 days	−10.6%
BSE Financial Services TRI	−17.5%	18-02-2026	30-03-2026	Not yet	--	−12.0%

From the Direct plan's daily NAV since 04-03-2025, adjusted for unit splits, and BSE Financial Services TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Financial Services Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
HSBC Financial Services Fund	87/215	903	0.99%	−1.91%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

HSBC Financial Services Fund Expense Ratio and Costs

What each plan charges a year, in force from 23-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.74%	0.04%	0.00%	0.21%	0.99%	1.18%	60/235
Regular	1.97%	0.04%	0.00%	0.43%	2.44%	2.41%	125/235

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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−3.34%	−1.91%	1.43%	₹96,660	₹98,090

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

HSBC Financial Services Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 04-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Financial Services Fund (Direct)	₹2,00,000	₹2,00,701	₹701	0.4%
Regular planHSBC Financial Services Fund (Regular)	₹2,00,000	₹1,98,103	−₹1,897	−1.1%
BSE Financial Services TRI	₹2,00,000	₹1,91,372	−₹8,628	−5.0%
Category averageCategory average, 235 Thematic funds	₹2,00,000	₹2,05,218	₹5,218	3.0%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

2026

Direct planHSBC Financial Services Fund (Direct)Regular planHSBC Financial Services Fund (Regular)BSE Financial Services TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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 Financial Services Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.7%Equity

Asset	Fund	Category
Equity	95.7%	94.5%
Cash and others	4.3%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.5%	45.7%
Mid Cap	21.2%	19.6%
Small Cap	22.9%	24.1%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

HSBC Financial Services Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks41.9%
Capital Markets27.9%
Finance18.5%
Financial Technology (Fintech)7.0%
Commercial Services & Supplies0.5%

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	41.3%	40.3%	41.9%	+0.6%
Capital Markets	28.9%	28.8%	27.9%	−1.0%
Finance	18.5%	17.8%	18.5%	0.0%
Financial Technology (Fintech)	5.7%	7.4%	7.0%	+1.3%
Commercial Services & Supplies	0.6%	0.5%	0.5%	−0.1%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

HSBC Financial Services Fund Portfolio Holdings

As on 30-09-2026 · 37 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
ICICI Bank Limited	Banks	9.31%	0.0%
HDFC Bank Limited	Banks	9.30%	0.0%
Axis Bank Limited	Banks	5.09%	+22.9%
Nippon Life India Asset Management Ltd	Capital Markets	4.91%	0.0%
Shriram Finance Limited	Finance	4.81%	0.0%
Kotak Mahindra Bank Limited	Banks	4.60%	0.0%
State Bank of India	Banks	4.45%	0.0%
Billionbrains Garage Ventures Ltd.	Capital Markets	3.84%	+11.9%
ICICI Prudential AMC Ltd	Capital Markets	3.42%	0.0%
Karur Vysya Bank Limited	Banks	3.24%	0.0%
HDFC Asset Management Company Limited	Capital Markets	3.08%	0.0%
Cholamandalam Invest & Finance Co Ltd	Finance	2.57%	+11.7%
The Federal Bank Limited	Banks	2.48%	0.0%
Motilal Oswal Financial Services Limited	Capital Markets	2.46%	0.0%
Pine Labs Limited	Financial Technology (Fintech)	2.41%	0.0%
RBL Bank Limited	Banks	2.40%	0.0%
PNB Housing Finance Limited	Finance	2.37%	0.0%
PB Fintech Limited	Financial Technology (Fintech)	2.07%	0.0%
Prudent Corporate Advisory Services Ltd	Capital Markets	1.92%	0.0%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.89%	0.0%
KFIN Technologies Limited	Capital Markets	1.89%	0.0%
Home First Finance Company India Limited	Finance	1.89%	0.0%
Piramal Finance Ltd	Finance	1.75%	0.0%
One 97 Communications Limited	Financial Technology (Fintech)	1.67%	+50.0%
Angel One Limited	Capital Markets	1.20%	+33.9%
Canara Robeco Mutual Fund	Capital Markets	1.16%	0.0%
CARE Ratings Limited	Capital Markets	1.13%	0.0%
Bajaj Finance Limited	Finance	1.06%	0.0%
HDB Financial Services Limited	Finance	1.01%	0.0%
City Union Bank Limited	Banks	1.00%	0.0%
Creditaccess Grameen Limited	Finance	0.99%	New
360 ONE WAM LIMITED	Capital Markets	0.97%	0.0%
Housing and Urban Development Corp. Ltd.	Finance	0.92%	0.0%
Seshaasai Technologies Limited	Financial Technology (Fintech)	0.82%	0.0%
Aditya Birla Capital Limited	Finance	0.56%	0.0%
Mahindra & Mahindra Financial Serv Ltd.	Finance	0.54%	0.0%
CMS Info Systems Limited	Commercial Services & Supplies	0.52%	0.0%

HSBC Financial Services Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Axis Bank Limited	Added	+22.9%	5.09%
Billionbrains Garage Ventures Ltd.	Added	+11.9%	3.84%
Cholamandalam Invest & Finance Co Ltd	Added	+11.7%	2.57%
Max Financial Services Limited	Sold out	−100%	was 1.98%
One 97 Communications Limited	Added	+50.0%	1.67%
Angel One Limited	Added	+33.9%	1.20%
BSE Ltd	Sold out	−100%	was 1.19%
Creditaccess Grameen Limited	New	New	0.99%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What HSBC Financial Services Fund bought and sold

HSBC Financial Services Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Baroda BNP Paribas Banking and Financial Services FundThematic · Baroda BNP Paribas	59.7%	23	Compare
Canara Robeco Banking and Financial Services FundSectoral · Canara Robeco	59.3%	19	Compare
Helios Financial Services FundSectoral · Helios	57.2%	23	Compare
MahindraManulife Banking & Financial Services FundSectoral · Mahindra Manulife	56.1%	18	Compare
Edelweiss Financial Services FundThematic · Edelweiss	55.6%	18	Compare
Kotak Banking And Financial Services FundThematic · Kotak Mahindra	55.1%	18	Compare
Tata Banking & Financial Services FundThematic · Tata	54.8%	19	Compare
Bandhan Financial Services FundSectoral · Bandhan	54.3%	26	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

HSBC Financial Services Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.99%
Expense ratio (Regular): 2.44%
Category: Thematic
Risk: Very High
Benchmark: BSE Financial Services TRI
Launch date: 27-02-2025
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹902.72 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153266
ISIN (Direct): INF336L01RU8
Scheme code (Regular): 153267
ISIN (Regular): INF336L01RR4
NAV history: From 04-03-2025, 1.7 years

Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days.

Tax on HSBC Financial Services Fund returns

HSBC Financial Services Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹11.7736	30-10-2026
direct	IDCW	₹11.7733	30-10-2026
regular	Growth	₹11.4923	30-10-2026
regular	IDCW	₹11.4923	30-10-2026

About HSBC Financial Services Fund

HSBC Financial Services Fund is a mutual fund from HSBC Mutual Fund. Its category is Thematic. It was launched on 27-02-2025. Its benchmark is BSE Financial Services TRI. At the end of September 2026 it held 37 securities.

Fund Manager

Gautam Bhupal
Fund manager of HSBC Financial Services Fund, since 06-02-2025
Mayank Chaturvedi
Fund manager of HSBC Financial Services Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC Financial Services Fund, since 26-08-2026

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹902.72 Cr; −6.25% from August 2026
August 2026: ₹962.92 Cr; +3.67% from July 2026
July 2026: ₹928.80 Cr; +0.24% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HSBC Financial Services Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HSBC Financial Services vs Nippon India Taiwan EquityThematic
HSBC Financial Services vs HDFC DefenceThematic
HSBC Financial Services vs HDFC Pharma and HealthcareThematic
HSBC Financial Services vs SBI Healthcare OpportunitiesThematic
HSBC Financial Services vs Aditya Birla Sun Life International EquityThematic
HSBC Financial Services vs Baroda BNP Paribas Banking and Financial Services59.7% overlap
HSBC Financial Services vs Canara Robeco Banking and Financial Services59.3% overlap
HSBC Financial Services vs Helios Financial Services57.2% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Financial Services Fund

What is the current NAV of HSBC Financial Services Fund?

The Direct plan NAV is ₹11.7736. The Regular plan NAV is ₹11.4923, as on 30-10-2026.

What are the returns of HSBC Financial Services Fund?

The Direct plan returned −1.91% in 1 year. The Regular plan returned −3.34% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Financial Services Fund?

The Direct plan charges 0.99% a year. The Regular plan charges 2.44% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of HSBC Financial Services Fund?

HSBC Financial Services Fund managed ₹902.72 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Financial Services Fund?

At the end of September 2026 the largest holdings were ICICIBANK (9.31%), HDFCBANK (9.30%), AXISBANK (5.09%), NAM-INDIA (4.91%), SHRIRAMFIN (4.81%). The fund held 37 securities in all.

What did HSBC Financial Services Fund buy and sell in September 2026?

It bought 1 new stock: Creditaccess Grameen Limited. It sold out of 2: BSE Ltd, Max Financial Services Limited. It added shares in 5.

How do I invest in HSBC Financial Services Fund?

Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Financial Services Fund?

Gautam Bhupal (since 06-02-2025), Mayank Chaturvedi (since 01-10-2025), Dipan S. Parikh (since 26-08-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.