HSBC Focused Fund

FocusedDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HSBC Focused Fund is a Focused fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹1,751 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 13.4% a year and its Regular plan returned 12.1% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.

NAV (Direct plan): ₹27.73; ▼ 0.81%30-10-2026
NAV (Regular plan): ₹25.47; ▼ 0.81%30-10-2026
Expense ratio: 1.09%Direct2.27%Regular; 1.09%; A year
Riskometer: Very High; Set by the fund house
3 year return: 13.4%Direct12.1%Regular; 13.4%; A year

HSBC Focused Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹27.73 (down 0.81% that day); Regular Plan Growth ₹25.47 (down 0.81% that day).

This fund (Direct plan)

₹27.7285

HSBC Focused Fund Returns vs Nifty 500 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)	−3.55%	−4.00%	+1.26%	+0.43%	+13.37%	+10.76%	--
This fund (Regular)	−3.64%	−4.28%	+0.66%	−0.73%	+12.05%	+9.35%	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Focused average	−1.00%	−4.12%	+1.39%	−3.09%	+12.30%	+10.21%	--
Best in Focused	+2.11%	+5.18%	+17.02%	+19.34%	+21.38%	+15.90%	--
Worst in Focused	−5.18%	−8.77%	−5.73%	−14.35%	+7.49%	+3.36%	--
Rank in Focused	25/28	13/28	14/28	7/28	10/27	7/22	--

Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.

HSBC Focused Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−0.98%	−1.93%	−7.51%
2025	+3.01%	+1.85%	+7.76%
2024	+24.31%	+22.83%	+16.24%
2023	+30.90%	+29.34%	+26.91%
2022	−0.42%	−2.05%	+4.25%
2021	+31.94%	+29.80%	+31.60%

HSBC Focused 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 3-year holding period, plotted on the day it ended. There are 799 periods, one for each trading day from 31-07-2023 to 30-10-2026.

0%5%10%15%20%25%30%

Nov 2020
to
Nov 2023May 2021
to
May 2024Dec 2021
to
Dec 2024Jun 2022
to
Jun 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 2026

HSBC Focused Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	1,294	12.4%	−7.2%	71.4%	11%	10.2%	62%
2 years	1,045	17.3%	0.4%	34.0%	0%	16.8%	73%
3 years	799	18.5%	11.2%	25.0%	0%	16.9%	89%
5 years	308	15.4%	9.5%	22.8%	0%	14.2%	99%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	64	14.8%	−22.0%	55.7%	13%	12.3%	64%
2 years	52	12.4%	−3.4%	37.8%	2%	12.0%	69%
3 years	40	16.9%	4.9%	29.3%	0%	15.8%	83%

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 Nifty 500 TRI over the same days. Past returns do not promise future returns.

HSBC Focused Fund Risk

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

Risk and return

Measure	HSBC Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+0.43%	−7.34%
Standard deviation	16.30%	14.48%
Sharpe ratio	-0.30	-0.87
Sortino ratio	-0.41	-1.16
Maximum drawdown	−13.9% (23-03-2026)	−14.7% (30-03-2026)
Beta	1.07	1.00
Alpha	+8.60%	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 Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+13.37%	+10.22%
Standard deviation	15.80%	14.30%
Sharpe ratio	0.46	0.29
Sortino ratio	0.64	0.40
Maximum drawdown	−20.7% (03-03-2025)	−18.6% (28-02-2025)
Beta	1.04	1.00
Alpha	+3.00%	0.00%

From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	HSBC Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+10.76%	+8.81%
Standard deviation	15.58%	14.36%
Sharpe ratio	0.32	0.21
Sortino ratio	0.43	0.28
Maximum drawdown	−21.2% (17-06-2022)	−18.6% (28-02-2025)
Beta	1.03	1.00
Alpha	+1.85%	0.00%

From daily NAVs, 29-10-2021 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 Focused Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	+17.75%	+16.25%
Standard deviation	15.57%	14.48%
Sharpe ratio	0.80	0.76
Sortino ratio	1.11	1.03
Maximum drawdown	−21.2% (17-06-2022)	−18.6% (28-02-2025)
Beta	1.03	1.00
Alpha	+1.22%	0.00%

From daily NAVs, 29-07-2020 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.

−25%−20%−15%−10%−5%0%

202120222023202420252026

HSBC Focused Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Focused Fund (Direct)	−21.2%	17-01-2022	17-06-2022	07-06-2023	12 months	−8.8%
Nifty 500 TRI	−18.6%	26-09-2024	28-02-2025	Not yet	--	−8.8%

From the Direct plan's daily NAV since 29-07-2020, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Focused Fund vs Other Focused Funds

The five Focused 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
Invesco India Focused Fund	1/27	6,229	0.70%	+3.30%	+21.38%	+11.34%	1.04	0.96	1.35	Compare
ICICI Prudential Focused Fund	2/27	17,168	1.12%	−4.91%	+16.41%	+6.86%	0.91	0.77	1.09	Compare
ITI Focused Fund	3/27	607	0.90%	−0.70%	+15.80%	+5.33%	1.06	0.61	0.82	Compare
HDFC Focused Fund	4/27	26,553	0.83%	−4.98%	+15.40%	+6.13%	0.77	0.80	1.12	Compare
SBI Focused Fund	5/27	50,180	0.82%	+3.97%	+15.26%	+6.11%	0.76	0.76	1.05	Compare
HSBC Focused Fund	10/27	1,751	1.09%	+0.43%	+13.37%	+3.00%	1.04	0.46	0.64

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 Focused 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	Focused median	Cost rank (1 = cheapest)
Direct	0.80%	0.05%	0.00%	0.24%	1.09%	1.10%	14/28
Regular	1.80%	0.05%	0.00%	0.42%	2.27%	2.23%	15/28

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 Focused 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	−0.73%	0.43%	1.16%	₹99,270	₹1,00,430
3 years	12.05%	13.37%	1.32% a year	₹1,40,681	₹1,45,712
5 years	9.35%	10.76%	1.41% a year	₹1,56,349	₹1,66,692

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 Focused 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 29-07-2020 to 30-10-2026: 76 instalments, ₹7,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Focused Fund (Direct)	₹7,60,000	₹11,46,163	₹3,86,163	12.8%
Regular planHSBC Focused Fund (Regular)	₹7,60,000	₹10,93,494	₹3,33,494	11.4%
Nifty 500 TRI	₹7,60,000	₹10,49,158	₹2,89,158	10.1%
Category averageCategory average, 28 Focused funds	₹7,60,000	₹11,17,423	₹3,57,423	12.0%

₹0₹5.0 L₹10.0 L₹15.0 L

202120222023202420252026

Direct planHSBC Focused Fund (Direct)Regular planHSBC Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused 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 Focused Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.5%Equity

Asset	Fund	Category
Equity	96.5%	93.9%
Cash and others	3.5%	5.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	45.7%	57.8%
Mid Cap	31.6%	18.9%
Small Cap	10.7%	15.4%
Not on AMFI's list	8.5%	1.4%

Share of the whole fund. Category: the average of the Focused 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 Focused Fund Sector Allocation

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

Largest sectors

Banks16.8%
Electrical Equipment9.0%
Capital Markets7.9%
Healthcare Services7.0%
Finance6.8%
Consumer Durables6.6%
Automobiles6.3%
Retailing5.8%
Construction4.3%
Petroleum Products4.1%

The ten largest of 17 sectors. The other 7 add up to 21.8%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	17.0%	16.2%	16.8%	−0.2%
Electrical Equipment	5.0%	8.4%	9.0%	+4.0%
Capital Markets	8.0%	8.4%	7.9%	−0.1%
Healthcare Services	6.0%	6.7%	7.0%	+1.0%
Finance	7.4%	7.3%	6.8%	−0.6%

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 Focused Fund Portfolio Holdings

As on 30-09-2026 · 28 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
ICICI Bank Limited	Banks	7.78%	0.0%
HDFC Bank Limited	Banks	6.48%	+6.7%
Shriram Finance Limited	Finance	4.35%	0.0%
Larsen & Toubro Limited	Construction	4.30%	0.0%
Multi Commodity Exchange of India Ltd.	Capital Markets	4.24%	−10.0%
Reliance Industries Limited	Petroleum Products	4.07%	0.0%
Shadowfax Technologies Limited	Transport Services	4.00%	−3.9%
TVS Motor Company Limited	Automobiles	3.99%	0.0%
Infosys Limited	IT - Software	3.69%	0.0%
Nippon Life India Asset Management Ltd	Capital Markets	3.67%	0.0%
Eternal Limited	Retailing	3.66%	0.0%
BLUE STAR LTD	Consumer Durables	3.47%	+33.3%
GE Vernova T&D India Limited	Electrical Equipment	3.36%	+12.0%
KALYAN JEWELLERS INDIA LIMITED	Consumer Durables	3.16%	0.0%
KEI Industries Limited	Industrial Products	3.05%	0.0%
Mankind Pharma Limited	Pharmaceuticals & Biotechnology	3.00%	0.0%
APAR INDUSTRIES LTD	Electrical Equipment	2.98%	0.0%
Dhoot Transmission Limited	Auto Components	2.98%	0.0%
Tata Motors Limited	Agricultural, Commercial & Construction Vehicles	2.89%	0.0%
Manipal Health Enterprises Limited	Healthcare Services	2.83%	0.0%
TD Power Systems Limited	Electrical Equipment	2.69%	0.0%
RBL Bank Limited	Banks	2.53%	0.0%
HDB Financial Services Limited	Finance	2.48%	0.0%
Artemis Medicare Services Limited	Healthcare Services	2.47%	0.0%
Hyundai Motor India Limited	Automobiles	2.32%	0.0%
Tata Consumer Products Limited	Agricultural Food & other Products	2.17%	0.0%
SWIGGY LIMITED	Retailing	2.14%	0.0%
Krishna Institute of Medical Science Ltd	Healthcare Services	1.71%	0.0%

HSBC Focused Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC Bank Limited	Added	+6.7%	6.48%
Multi Commodity Exchange of India Ltd.	Reduced	−10.0%	4.24%
Shadowfax Technologies Limited	Reduced	−3.9%	4.00%
BLUE STAR LTD	Added	+33.3%	3.47%
GE Vernova T&D India Limited	Added	+12.0%	3.36%

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 Focused Fund bought and sold

HSBC Focused Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
HSBC Large Cap FundLarge Cap · HSBC	43.6%	12	Compare
Edelweiss Focused FundFocused · Edelweiss	43.0%	11	Compare
UTI Focused Fund (30 stocks)Focused · UTI	38.3%	10	Compare
Kotak Focused FundFocused · Kotak Mahindra	36.7%	10	Compare
Union Largecap FundLarge Cap · Union	34.8%	12	Compare
Canara Robeco Focused FundFocused · Canara Robeco	34.7%	9	Compare
Canara Robeco Large Cap FundLarge Cap · Canara Robeco	34.3%	13	Compare
PGIM India Large Cap FundLarge Cap · PGIM India	34.1%	12	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 Focused Fund Overview

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

Expense ratio (Direct): 1.09%
Expense ratio (Regular): 2.27%
Category: Focused
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 22-07-2020
Minimum investment: Rs. 5,000 per application
Minimum additional investment: ₹1,000
AUM: ₹1,750.52 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 148411
ISIN (Direct): INF336L01PB2
Scheme code (Regular): 148409
ISIN (Regular): INF336L01PE6
NAV history: From 29-07-2020, 6.3 years

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

Tax on HSBC Focused Fund returns

HSBC Focused 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	₹27.7285	30-10-2026
direct	IDCW	₹20.5736	30-10-2026
regular	Growth	₹25.4675	30-10-2026
regular	IDCW	₹16.4504	30-10-2026

About HSBC Focused Fund

HSBC Focused Fund is a mutual fund from HSBC Mutual Fund. Its category is Focused. It was launched on 22-07-2020. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 28 securities.

Fund Manager

Neelotpal Sahai
Fund manager of HSBC Focused Fund, since 29-07-2020
Sonal Gupta
Fund manager of HSBC Focused Fund, since 01-12-2023
Mayank Chaturvedi
Fund manager of HSBC Focused Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC Focused Fund, since 26-08-2026

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹1,750.52 Cr; −5.02% from August 2026
August 2026: ₹1,843.06 Cr; +3.97% from July 2026
July 2026: ₹1,772.71 Cr; +2.86% from June 2026

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

Compare HSBC Focused Fund with Other Funds

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

HSBC Focused vs Invesco India FocusedFocused
HSBC Focused vs ICICI Prudential FocusedFocused
HSBC Focused vs ITI FocusedFocused
HSBC Focused vs HDFC FocusedFocused
HSBC Focused vs SBI FocusedFocused
HSBC Focused vs HSBC Large Cap43.6% overlap
HSBC Focused vs Edelweiss Focused43.0% overlap
HSBC Focused vs UTI Focused Fund (30 stocks)38.3% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Focused Fund

What is the current NAV of HSBC Focused Fund?

The Direct plan NAV is ₹27.7285. The Regular plan NAV is ₹25.4675, as on 30-10-2026.

What are the returns of HSBC Focused Fund?

The Direct plan returned +0.43% in 1 year, +13.37% a year over 3 years, +10.76% a year over 5 years. The Regular plan returned −0.73% in 1 year, +12.05% a year over 3 years, +9.35% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Focused Fund?

The Direct plan charges 1.09% a year. The Regular plan charges 2.27% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.

What is the AUM of HSBC Focused Fund?

HSBC Focused Fund managed ₹1,750.52 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Focused Fund?

At the end of September 2026 the largest holdings were ICICIBANK (7.78%), HDFCBANK (6.48%), SHRIRAMFIN (4.35%), LT (4.30%), MCX (4.24%). The fund held 28 securities in all.

What did HSBC Focused Fund buy and sell in September 2026?

It added shares in 3. It reduced 2.

How do I invest in HSBC Focused 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 Rs. 5,000 per application. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Focused Fund?

Neelotpal Sahai (since 29-07-2020), Sonal Gupta (since 01-12-2023), 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.