HSBC Multi Asset Active FOF

Fund of FundsDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

HSBC Multi Asset Active FOF is a mutual fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹115 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 14.4% a year and its Regular plan returned 13.5% a year.

NAV (Direct plan): ₹42.56; ▲ 0.44%29-10-2026
NAV (Regular plan): ₹39.81; ▲ 0.44%29-10-2026
Expense ratio: 0.59%Direct1.40%Regular; 0.59%; A year
Riskometer: Very High; Set by the fund house
3 year return: 14.4%Direct13.5%Regular; 14.4%; A year

HSBC Multi Asset Active FOF NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹42.56 (up 0.44% that day); Regular Plan Growth ₹39.81 (up 0.44% that day).

This fund (Direct plan)

₹42.5594

HSBC Multi Asset Active FOF Returns

Returns as on 29-10-2026. 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)	−2.48%	−2.81%	−0.63%	+4.91%	+14.38%	+10.94%	+11.51%
This fund (Regular)	−2.55%	−3.01%	−1.04%	+4.69%	+13.46%	+10.08%	+10.83%
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%)+Domestic Price of Gold (10%) +Domestic Price of Silver (5%). Returns of that index are not available to us.

HSBC Multi Asset Active FOF Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+1.00%	+1.02%
2025	+15.25%	+13.88%
2024	+17.13%	+15.91%
2023	+21.70%	+20.51%
2022	+0.11%	−0.50%
2021	+22.60%	+21.88%

HSBC Multi Asset Active FOF 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 2,305 periods, one for each trading day from 05-05-2017 to 29-10-2026.

−5%0%5%10%15%20%25%

Feb 2015
to
Feb 2018Sept 2016
to
Sept 2019Apr 2018
to
Apr 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026

HSBC Multi Asset Active FOF (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	2,790	11.5%	−19.8%	59.8%	13%
2 years	2,548	12.5%	−8.5%	34.7%	3%
3 years	2,305	12.7%	−2.9%	22.4%	1%
5 years	1,823	11.8%	2.2%	20.4%	0%
7 years	1,338	11.7%	8.9%	15.5%	0%
10 years	612	12.3%	10.1%	14.3%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	138	12.0%	−31.3%	47.9%	14%
2 years	126	12.8%	−16.0%	30.5%	6%
3 years	114	13.9%	−10.2%	22.9%	4%
5 years	90	13.1%	−2.0%	19.2%	1%
7 years	66	13.5%	9.1%	16.3%	0%
10 years	30	13.4%	11.2%	14.2%	0%

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. Past returns do not promise future returns.

HSBC Multi Asset Active FOF Risk

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

Risk and return

Measure	HSBC Multi Asset Active FOF (Direct)This fund
Return (CAGR)	+4.91%
Standard deviation	14.01%
Sharpe ratio	-0.02
Sortino ratio	-0.03
Maximum drawdown	−12.9% (23-03-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. 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.

Measure	HSBC Multi Asset Active FOF (Direct)This fund
Return (CAGR)	+14.38%
Standard deviation	11.27%
Sharpe ratio	0.74
Sortino ratio	1.00
Maximum drawdown	−12.9% (23-03-2026)

From daily NAVs, 27-10-2023 to 29-10-2026. 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.

Measure	HSBC Multi Asset Active FOF (Direct)This fund
Return (CAGR)	+10.94%
Standard deviation	10.62%
Sharpe ratio	0.48
Sortino ratio	0.65
Maximum drawdown	−15.0% (17-06-2022)

From daily NAVs, 29-10-2021 to 29-10-2026. 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.

Measure	HSBC Multi Asset Active FOF (Direct)This fund
Return (CAGR)	+11.51%
Standard deviation	11.20%
Sharpe ratio	0.55
Sortino ratio	0.73
Maximum drawdown	−25.4% (23-03-2020)

From daily NAVs, 28-10-2016 to 29-10-2026. 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.

Measure	HSBC Multi Asset Active FOF (Direct)This fund
Return (CAGR)	+12.28%
Standard deviation	10.81%
Sharpe ratio	0.60
Sortino ratio	0.81
Maximum drawdown	−25.4% (23-03-2020)

From daily NAVs, 05-05-2014 to 29-10-2026. 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.

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.

−30%−25%−20%−15%−10%−5%0%

201520172019202120232025

HSBC Multi Asset Active FOF (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Multi Asset Active FOF (Direct)	−25.4%	12-02-2020	23-03-2020	08-10-2020	7 months	−6.7%

From the Direct plan's daily NAV since 05-05-2014, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Multi Asset Active FOF Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio
Direct	0.50%	0.00%	0.00%	0.09%	0.59%
Regular	1.19%	0.00%	0.00%	0.21%	1.40%

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.

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	4.69%	4.91%	0.22%	₹1,04,690	₹1,04,910
3 years	13.46%	14.38%	0.92% a year	₹1,46,059	₹1,49,641
5 years	10.08%	10.94%	0.86% a year	₹1,61,637	₹1,68,051
10 years	10.83%	11.51%	0.68% a year	₹2,79,623	₹2,97,261

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 Multi Asset Active FOF 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 05-05-2014 to 29-10-2026: 150 instalments, ₹15,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Multi Asset Active FOF (Direct)	₹15,00,000	₹33,30,960	₹18,30,960	12.1%
Regular planHSBC Multi Asset Active FOF (Regular)	₹15,00,000	₹31,72,986	₹16,72,986	11.3%

₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L

201520172019202120232025

Direct planHSBC Multi Asset Active FOF (Direct)Regular planHSBC Multi Asset Active FOF (Regular)Amount invested

From each plan's published NAV (Growth option), 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 Multi Asset Active FOF Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.0%Cash and others

Asset	Fund
Cash and others	100.0%

HSBC Multi Asset Active FOF Portfolio Holdings

As on 30-09-2026 · 11 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%
HSBC Value Fund - Direct Growth	Internal - Mutual Fund Units	13.61%
HSBC Flexi Cap Fund - Direct Growth	Internal - Mutual Fund Units	13.60%
HSBC Large & Mid Cap Fund - Direct Growth	Internal - Mutual Fund Units	13.59%
HSBC Multi Cap Fund - Direct Growth	Internal - Mutual Fund Units	13.56%
HSBC Focused Fund - Direct Growth	Internal - Mutual Fund Units	13.50%
HSBC Medium to Long Term Fund - Direct Growth	Internal - Mutual Fund Units	7.39%
HSBC Corporate Bond Fund - Direct Growth	Internal - Mutual Fund Units	7.04%
NIPPON INDIA MUTUALFUND	Exchange Traded Funds	4.35%
NIPPON INDIA MUTUALFUND	Exchange Traded Funds	4.35%
HSBC Dynamic Term Fund - Direct Growth	Internal - Mutual Fund Units	3.86%
HSBC Mutual Fund	Exchange Traded Funds	1.45%

HSBC Multi Asset Active FOF Portfolio Overlap

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

Fund	Overlap	Holdings in common
HSBC Aggressive Hybrid Active FOFFund of Funds · HSBC	18.3%	3	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 Multi Asset Active FOF Overview

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

Expense ratio (Direct): 0.59%
Expense ratio (Regular): 1.40%
Category: Fund of Funds
Risk: Very High
Launch date: 30-04-2014
Minimum investment: Rs. 5,000 per application
Minimum additional investment: ₹1,000
AUM: ₹114.79 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 129193
ISIN (Direct): INF336L01IJ0
Scheme code (Regular): 129191
ISIN (Regular): INF336L01IG6
NAV history: From 05-05-2014, 12.5 years

Benchmark: BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%)+Domestic Price of Gold (10%) +Domestic Price of Silver (5%)
Exit load: Exit Load :(i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively

Tax on HSBC Multi Asset Active FOF returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
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	₹42.5594	29-10-2026
direct	IDCW	₹20.4425	29-10-2026
regular	Growth	₹39.8054	29-10-2026
regular	IDCW	₹29.0475	29-10-2026

About HSBC Multi Asset Active FOF

HSBC Multi Asset Active FOF is a mutual fund from HSBC Mutual Fund. Its category is Fund of Funds. It was launched on 30-04-2014. Its benchmark is BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%)+Domestic Price of Gold (10%) +Domestic Price of Silver (5%). At the end of September 2026 it held 11 securities.

Fund Manager

Gautam Bhupal
Fund manager of HSBC Multi Asset Active FOF, since 21-10-2015

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹114.79 Cr; −0.17% from August 2026
August 2026: ₹114.99 Cr; +7.79% from July 2026
July 2026: ₹106.68 Cr; +3.52% from June 2026

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

Compare HSBC Multi Asset Active FOF with Other Funds

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

HSBC Multi Asset Active FOF vs HSBC Aggressive Hybrid Active FOF18.3% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Multi Asset Active FOF

What is the current NAV of HSBC Multi Asset Active FOF?

The Direct plan NAV is ₹42.5594. The Regular plan NAV is ₹39.8054, as on 29-10-2026.

What are the returns of HSBC Multi Asset Active FOF?

The Direct plan returned +4.91% in 1 year, +14.38% a year over 3 years, +10.94% a year over 5 years. The Regular plan returned +4.69% in 1 year, +13.46% a year over 3 years, +10.08% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of HSBC Multi Asset Active FOF?

The Direct plan charges 0.59% a year. The Regular plan charges 1.40% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Multi Asset Active FOF?

HSBC Multi Asset Active FOF managed ₹114.79 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Multi Asset Active FOF?

At the end of September 2026 the largest holdings were HSBC Value Fund - Direct Growth (13.61%), HSBC Flexi Cap Fund - Direct Growth (13.60%), HSBC Large & Mid Cap Fund - Direct Growth (13.59%), HSBC Multi Cap Fund - Direct Growth (13.56%), HSBC Focused Fund - Direct Growth (13.50%). The fund held 11 securities in all.

How do I invest in HSBC Multi Asset Active FOF?

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 Multi Asset Active FOF?

Gautam Bhupal (since 21-10-2015).

What is the exit load of HSBC Multi Asset Active FOF?

Exit Load :(i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment. The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively

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.