HSBC Small Cap Fund

Small CapDirect and Regular plans

Data as on 30-10-2026

HSBC Small Cap Fund is a Small Cap fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹18,513 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 11.8% a year and its Regular plan returned 10.6% a year. Its benchmark, Nifty Smallcap 250 TRI, returned 12.3% a year over the same 3 years.

NAV (Direct plan): ₹93.25; ▼ 1.57%30-10-2026
NAV (Regular plan): ₹82.84; ▼ 1.57%30-10-2026
Expense ratio: 0.78%Direct1.79%Regular; 0.78%; A year
Riskometer: Very High; Set by the fund house
3 year return: 11.8%Direct10.6%Regular; 11.8%; A year

HSBC Small Cap Fund NAV Today

NAV on 30-10-2026: Direct Plan ₹93.25 (down 1.57% that day); Regular Plan ₹82.84 (down 1.57% that day).

This fund (Direct plan)

₹93.2503

HSBC Small Cap Fund Returns vs Nifty Smallcap 250 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)	−6.97%	−3.04%	+4.17%	+2.35%	+11.75%	--	--
This fund (Regular)	−7.05%	−3.29%	+3.63%	+1.31%	+10.61%	--	--
Nifty Smallcap 250 TRI	−5.78%	−5.87%	+0.62%	−3.15%	+12.35%	+13.11%	+13.34%
Small Cap average	−5.86%	−3.28%	+5.03%	+3.00%	+14.03%	--	--
Best in Small Cap	−2.98%	+10.76%	+19.23%	+19.98%	+22.07%	--	--
Worst in Small Cap	−11.16%	−7.95%	−4.62%	−10.42%	+8.13%	--	--
Rank in Small Cap	31/36	17/36	19/36	16/31	17/24	--	--

Category rows compare the Direct plans of 36 Small Cap funds. Rank 1 is the highest return.

HSBC Small Cap Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Smallcap 250 TRI
2026to date	+6.60%	+5.71%	+1.00%
2025	−10.63%	−11.55%	−5.48%
2024	+29.82%	+28.50%	+27.21%
2023	+47.56%	+46.05%	+49.09%

HSBC Small Cap 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 226 periods, one for each trading day from 28-11-2025 to 30-10-2026.

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

Dec 2022
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026

HSBC Small Cap Fund (Direct)Nifty Smallcap 250 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	720	9.4%	−15.6%	59.9%	28%	7.5%	33%
2 years	474	13.5%	−2.3%	42.2%	3%	16.6%	33%
3 years	226	17.2%	11.0%	21.7%	0%	19.6%	5%

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	36	22.2%	−31.2%	61.2%	31%	13.9%	33%
2 years	24	6.5%	−11.0%	38.6%	13%	8.9%	21%

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 Smallcap 250 TRI over the same days. Past returns do not promise future returns.

HSBC Small Cap Fund Risk

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

Risk and return

Measure	HSBC Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+2.35%	−3.15%
Standard deviation	18.40%	17.96%
Sharpe ratio	-0.16	-0.47
Sortino ratio	-0.22	-0.63
Maximum drawdown	−17.6% (23-03-2026)	−18.2% (23-03-2026)
Beta	0.99	1.00
Alpha	+5.42%	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 Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+11.75%	+12.35%
Standard deviation	18.34%	19.08%
Sharpe ratio	0.31	0.33
Sortino ratio	0.42	0.44
Maximum drawdown	−27.2% (03-03-2025)	−26.0% (03-03-2025)
Beta	0.93	1.00
Alpha	−0.17%	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 Small Cap Fund (Direct)This fund	Nifty Smallcap 250 TRI
Return (CAGR)	+16.18%	+15.87%
Standard deviation	17.11%	17.95%
Sharpe ratio	0.58	0.54
Sortino ratio	0.79	0.71
Maximum drawdown	−27.2% (03-03-2025)	−26.0% (03-03-2025)
Beta	0.92	1.00
Alpha	+1.09%	0.00%

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: 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.

−30%−25%−20%−15%−10%−5%0%

2023202420252026

HSBC Small Cap Fund (Direct)Nifty Smallcap 250 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Small Cap Fund (Direct)	−27.2%	11-12-2024	03-03-2025	18-08-2026	18 months	−10.8%
Nifty Smallcap 250 TRI	−26.0%	23-09-2024	03-03-2025	26-08-2026	18 months	−9.4%

From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and Nifty Smallcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Small Cap Fund vs Other Small Cap Funds

The five Small Cap 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
ITI Small Cap Fund	1/24	3,666	0.84%	+11.05%	+22.07%	+9.83%	0.98	0.83	1.12	Compare
Bandhan Small Cap Fund	2/24	34,176	0.65%	+0.99%	+21.67%	+11.21%	0.91	0.90	1.23	Compare
Invesco India Small cap Fund	3/24	16,131	0.64%	+6.15%	+20.29%	+9.79%	0.92	0.80	1.09	Compare
Bank of India Small Cap Fund	4/24	3,671	0.81%	+16.64%	+18.62%	+6.63%	0.94	0.67	0.90	Compare
Mahindra Manulife Small Cap Fund	5/24	5,373	0.93%	+6.31%	+18.00%	+7.33%	0.96	0.66	0.88	Compare
HSBC Small Cap Fund	17/24	18,513	0.78%	+2.35%	+11.75%	−0.17%	0.93	0.31	0.42

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 Small Cap Fund Expense Ratio and Costs

What each plan charges a year, in force from 19-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Small Cap median	Cost rank (1 = cheapest)
Direct	0.57%	0.03%	0.00%	0.18%	0.78%	0.91%	10/36
Regular	1.43%	0.03%	0.00%	0.33%	1.79%	2.06%	10/36

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 Small Cap 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	1.31%	2.35%	1.04%	₹1,01,310	₹1,02,350
3 years	10.61%	11.75%	1.14% a year	₹1,35,327	₹1,39,554

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 Small Cap 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 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Small Cap Fund (Direct)	₹4,80,000	₹5,86,721	₹1,06,721	10.0%
Nifty Smallcap 250 TRI	₹4,80,000	₹5,81,094	₹1,01,094	9.6%
Category averageCategory average, 36 Small Cap funds	₹4,80,000	₹6,16,215	₹1,36,215	12.5%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L

2023202420252026

Direct planHSBC Small Cap Fund (Direct)Nifty Smallcap 250 TRICategory averageCategory average, 36 Small Cap 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 Small Cap Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

99.2%Equity

Asset	Fund	Category
Equity	99.2%	93.6%
Cash and others	0.8%	5.8%

Market cap of stocks

Market cap	Fund	Category
Large Cap	1.3%	4.8%
Mid Cap	21.5%	10.9%
Small Cap	73.6%	73.6%
Not on AMFI's list	2.8%	4.2%

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

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

Largest sectors

Industrial Products13.4%
Pharmaceuticals & Biotechnology9.5%
Banks7.6%
Capital Markets6.4%
Electrical Equipment6.4%
Auto Components6.3%
Finance6.0%
Textiles & Apparels5.3%
Healthcare Services4.9%
Consumer Durables4.7%

The ten largest of 31 sectors. The other 21 add up to 28.8%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Industrial Products	12.7%	13.6%	13.4%	+0.7%
Pharmaceuticals & Biotechnology	9.2%	9.1%	9.5%	+0.3%
Banks	8.1%	7.7%	7.6%	−0.5%
Capital Markets	8.1%	7.3%	6.4%	−1.7%
Electrical Equipment	4.7%	5.7%	6.4%	+1.7%

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 Small Cap Fund Portfolio Holdings

As on 30-09-2026 · 108 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
APAR INDUSTRIES LTD	Electrical Equipment	2.66%	+12.7%
Sai Life Sciences Ltd.	Pharmaceuticals & Biotechnology	2.21%	−0.1%
Engineers India Limited	Construction	2.18%	+15.1%
Karur Vysya Bank Limited	Banks	2.04%	0.0%
Welspun Living Limited	Textiles & Apparels	1.98%	0.0%
PNB Housing Finance Limited	Finance	1.96%	+8.2%
VIJAYA DIAGNOSTIC CENTRE LIMITED	Healthcare Services	1.94%	0.0%
The Federal Bank Limited	Banks	1.94%	0.0%
Navin Fluorine International Limited	Chemicals & Petrochemicals	1.88%	+24.1%
Neuland Laboratories Ltd	Pharmaceuticals & Biotechnology	1.86%	0.0%
Ather Energy Limited	Automobiles	1.85%	0.0%
Radico Khaitan Limited	Beverages	1.85%	0.0%
HAPPY FORGINGS LIMITED	Industrial Products	1.82%	−0.6%
Mtar Technologies Limited	Electrical Equipment	1.69%	+20.6%
FINOLEX CABLES LTD	Industrial Products	1.67%	0.0%
Kajaria Ceramics Limited	Consumer Durables	1.58%	0.0%
CRAFTSMAN AUTOMATION LIMITED	Auto Components	1.53%	0.0%
Motilal Oswal Financial Services Limited	Capital Markets	1.52%	0.0%
Aster DM Healthcare Limited	Healthcare Services	1.43%	0.0%
K.P.R. Mill Ltd	Textiles & Apparels	1.41%	0.0%
City Union Bank Limited	Banks	1.40%	0.0%
SUPREME PETROCHEM LIMITED	Chemicals & Petrochemicals	1.40%	0.0%
Laurus Labs Limited	Pharmaceuticals & Biotechnology	1.37%	0.0%
PTC INDUSTRIES LIMITED	Industrial Products	1.36%	0.0%
WOCKHARDT LTD	Pharmaceuticals & Biotechnology	1.35%	0.0%
AEGIS LOGISTICS LTD	Gas	1.35%	0.0%
Ratnamani Metals & Tubes Limited	Industrial Products	1.35%	0.0%
Time Technoplast Limited	Industrial Products	1.34%	0.0%
Jyoti Cnc Automation Ltd	Industrial Manufacturing	1.33%	0.0%
Multi Commodity Exchange of India Ltd.	Capital Markets	1.32%	0.0%
Polycab India Limited	Industrial Products	1.28%	0.0%
Nippon Life India Asset Management Ltd	Capital Markets	1.22%	0.0%
RBL Bank Limited	Banks	1.21%	0.0%
CCL Products (India) Limited	Agricultural Food & other Products	1.18%	0.0%
INDO COUNT INDUSTRIES LIMITED	Textiles & Apparels	1.18%	0.0%
KFIN Technologies Limited	Capital Markets	1.16%	0.0%
Sumitomo Chemical India Limited	Fertilizers & Agrochemicals	1.09%	0.0%
GE Vernova T&D India Limited	Electrical Equipment	1.07%	0.0%
Delhivery Limited	Transport Services	1.04%	0.0%
Cholamandalam Financial Holdings Limited	Finance	1.04%	0.0%
KEI Industries Limited	Industrial Products	1.04%	−7.7%
Dhoot Transmission Limited	Auto Components	1.03%	+83.3%
CarTrade Tech Limited	Retailing	1.03%	0.0%
Cera Sanitaryware Limited	Consumer Durables	1.00%	0.0%
IIFL Finance Limited	Finance	0.99%	0.0%
TECHNO ELECTRIC & ENGINEERING COMPANY LI	Construction	0.98%	0.0%
Devyani International Limited	Leisure Services	0.96%	0.0%
Sterlite Technologies Limited	Telecom - Equipment & Accessories	0.95%	0.0%
Emcure Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.93%	0.0%
IPCA Laboratories Limited	Pharmaceuticals & Biotechnology	0.92%	0.0%
eClerx Services Limited	Commercial Services & Supplies	0.92%	0.0%
BIKAJI FOODS INTERNATIONAL LIMITED	Food Products	0.83%	0.0%
Sobha Limited	Realty	0.83%	0.0%
Gokaldas Exports Limited	Textiles & Apparels	0.77%	0.0%
Prudent Corporate Advisory Services Ltd	Capital Markets	0.76%	0.0%
KIRLOSKAR PNEUMATIC CO.LTD.	Industrial Products	0.74%	0.0%
TITAGARH RAIL SYSTEMS LIMITED	Industrial Manufacturing	0.72%	0.0%
Creditaccess Grameen Limited	Finance	0.72%	0.0%
Krishna Institute of Medical Science Ltd	Healthcare Services	0.66%	0.0%
Kirloskar Oil Engines Ltd	Industrial Products	0.65%	0.0%
Lemon Tree Hotels Limited	Leisure Services	0.65%	0.0%
AVALON TECHNOLOGIES LIMITED	Electrical Equipment	0.61%	0.0%
INDO-MIM Limited	Industrial Manufacturing	0.60%	+136.5%
Oberoi Realty Limited	Realty	0.60%	0.0%
Sharda Motor Industries Limited	Auto Components	0.58%	0.0%
Sagility Limited	IT - Services	0.57%	0.0%
ZF Comm. Vehicle Control Systems Ind Ltd	Auto Components	0.57%	0.0%
PARAS DEFENCE AND SPACE TECHNOLOGIES LTD	Aerospace & Defense	0.55%	0.0%
Carborundum Universal Limited	Industrial Products	0.55%	0.0%
UNO Minda Limited	Auto Components	0.55%	0.0%
IDFC First Bank Limited	Banks	0.53%	0.0%
EID Parry India Limited	Food Products	0.52%	0.0%
Amber Enterprises India Limited	Consumer Durables	0.52%	0.0%
Alkyl Amines Chemicals Limited	Chemicals & Petrochemicals	0.50%	0.0%
Eris Lifesciences Limited	Pharmaceuticals & Biotechnology	0.50%	0.0%
GABRIEL INDIA LIMITED	Auto Components	0.49%	New
LG Electronics India Limited	Consumer Durables	0.48%	0.0%
Angel One Limited	Capital Markets	0.46%	0.0%
HDB Financial Services Limited	Finance	0.46%	0.0%
Carraro India Ltd	Auto Components	0.45%	0.0%
Pine Labs Limited	Financial Technology (Fintech)	0.45%	0.0%
AU Small Finance Bank Limited	Banks	0.45%	0.0%
KSH INTERNATIONAL LIMITED	Industrial Products	0.45%	+24.4%
Piramal Finance Ltd	Finance	0.44%	0.0%
Thyrocare Technologies Limited	Healthcare Services	0.44%	0.0%
TUBE INVESTMENTS OF INDIA LTD	Auto Components	0.44%	0.0%
SWIGGY LIMITED	Retailing	0.43%	0.0%
FINOLEX INDUSTRIES LTD	Industrial Products	0.43%	0.0%
Manipal Health Enterprises Limited	Healthcare Services	0.43%	0.0%
SOMANY CERAMICS LIMITED	Consumer Durables	0.40%	0.0%
Rolex Rings Limited	Auto Components	0.40%	0.0%
Nesco Limited	Commercial Services & Supplies	0.38%	0.0%
Senores Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.37%	0.0%
Jindal Saw Ltd	Industrial Products	0.37%	0.0%
Century Plyboards (India) Limited	Consumer Durables	0.36%	0.0%
Hindustan Foods Ltd	Diversified FMCG	0.35%	0.0%
Genus Power Infrastructures Limited	Electrical Equipment	0.34%	0.0%
APL Apollo Tubes Limited	Industrial Products	0.31%	0.0%
METRO BRANDS LIMITED	Consumer Durables	0.29%	0.0%
Housing and Urban Development Corp. Ltd.	Finance	0.28%	−25.9%
Data Patterns (India) Limited	Aerospace & Defense	0.26%	0.0%
Godfrey Phillips India Limited	Cigarettes & Tobacco Products	0.22%	0.0%
Shriram Pistons & Rings Limited	Auto Components	0.21%	0.0%
Seshaasai Technologies Limited	Financial Technology (Fintech)	0.20%	0.0%
Home First Finance Company India Limited	Finance	0.11%	0.0%
Aditya Birla Real Estate Limited	Realty	0.07%	−75.5%
CELLO WORLD LIMITED	Consumer Durables	0.07%	0.0%
Doms Industries Limited	Household Products	0.05%	0.0%

HSBC Small Cap Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

APAR INDUSTRIES LTD	Added	+12.7%	2.66%
Sai Life Sciences Ltd.	Reduced	−0.1%	2.21%
Engineers India Limited	Added	+15.1%	2.18%
HAPPY FORGINGS LIMITED	Reduced	−0.6%	1.82%
PNB Housing Finance Limited	Added	+8.2%	1.96%
Navin Fluorine International Limited	Added	+24.1%	1.88%
Mtar Technologies Limited	Added	+20.6%	1.69%
KEI Industries Limited	Reduced	−7.7%	1.04%
Dhoot Transmission Limited	Added	+83.3%	1.03%
INDO-MIM Limited	Added	+136.5%	0.60%
BSE Ltd	Sold out	−100%	was 0.54%
EIH Limited	Sold out	−100%	was 0.51%
GABRIEL INDIA LIMITED	New	New	0.49%
KSH INTERNATIONAL LIMITED	Added	+24.4%	0.45%
Housing and Urban Development Corp. Ltd.	Reduced	−25.9%	0.28%
Aditya Birla Real Estate Limited	Reduced	−75.5%	0.07%
Vinati Organics Limited	Sold out	−100%	was 0.20%
SAFARI INDUSTRIES (INDIA) LIMITED	Sold out	−100%	was 0.16%
PNC INFRATECH LIMITED	Sold out	−100%	was 0.10%
Hi-Tech Pipes Limited	Sold out	−100%	was 0.05%

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 Small Cap Fund bought and sold

HSBC Small Cap Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
HSBC Multi Cap FundMulti Cap · HSBC	39.5%	43	Compare
Union Small Cap FundSmall Cap · Union	34.3%	37	Compare
ITI Small Cap FundSmall Cap · ITI	34.1%	33	Compare
Edelweiss Small Cap FundSmall Cap · Edelweiss	32.3%	35	Compare
TRUSTMF Small Cap FundSmall Cap · Trust	30.3%	29	Compare
UTI Small Cap FundSmall Cap · UTI	28.5%	35	Compare
Bandhan Nifty Smallcap 250 Index FundIndex · Bandhan	28.5%	53	Compare
Motilal Oswal Nifty Smallcap 250 ETFETF · Motilal Oswal	27.7%	51	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 Small Cap Fund Overview

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

Expense ratio (Direct): 0.78%
Expense ratio (Regular): 1.79%
Category: Small Cap
Risk: Very High
Benchmark: Nifty Smallcap 250 TRI
Launch date: 12-05-2014
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹18,512.70 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 151130
ISIN (Direct): INF917K01QA1
Scheme code (Regular): 151133
ISIN (Regular): INF917K01QC7
NAV history: From 28-11-2022, 3.9 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 Small Cap Fund returns

HSBC Small Cap 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	NAV	As on
direct	₹93.2503	30-10-2026
direct	₹44.2805	30-10-2026
regular	₹82.835	30-10-2026
regular	₹37.4848	30-10-2026

About HSBC Small Cap Fund

HSBC Small Cap Fund is a mutual fund from HSBC Mutual Fund. Its category is Small Cap. It was launched on 12-05-2014. Its benchmark is Nifty Smallcap 250 TRI. At the end of September 2026 it held 108 securities.

Fund Manager

Mayank Chaturvedi
Fund manager of HSBC Small Cap Fund, since 01-10-2025
Dipan S. Parikh
Fund manager of HSBC Small Cap Fund, since 26-08-2026

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹18,512.70 Cr; −2.95% from August 2026
August 2026: ₹19,076.35 Cr; +7.27% from July 2026
July 2026: ₹17,783.74 Cr; −0.26% from June 2026

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

Compare HSBC Small Cap Fund with Other Funds

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

HSBC Small Cap vs ITI Small Cap34.1% overlap
HSBC Small Cap vs Bandhan Small CapSmall Cap
HSBC Small Cap vs Invesco India Small capSmall Cap
HSBC Small Cap vs Bank of India Small CapSmall Cap
HSBC Small Cap vs Mahindra Manulife Small CapSmall Cap
HSBC Small Cap vs HSBC Multi Cap39.5% overlap
HSBC Small Cap vs Union Small Cap34.3% overlap
HSBC Small Cap vs Edelweiss Small Cap32.3% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Small Cap Fund

What is the current NAV of HSBC Small Cap Fund?

The Direct plan NAV is ₹93.2503. The Regular plan NAV is ₹82.835, as on 30-10-2026.

What are the returns of HSBC Small Cap Fund?

The Direct plan returned +2.35% in 1 year, +11.75% a year over 3 years. The Regular plan returned +1.31% in 1 year, +10.61% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Small Cap Fund?

The Direct plan charges 0.78% a year. The Regular plan charges 1.79% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.

What is the AUM of HSBC Small Cap Fund?

HSBC Small Cap Fund managed ₹18,512.70 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Small Cap Fund?

At the end of September 2026 the largest holdings were APARINDS (2.66%), SAILIFE (2.21%), ENGINERSIN (2.18%), KARURVYSYA (2.04%), WELSPUNLIV (1.98%). The fund held 108 securities in all.

What did HSBC Small Cap Fund buy and sell in September 2026?

It bought 1 new stock: GABRIEL INDIA LIMITED. It sold out of 6: Hi-Tech Pipes Limited, BSE Ltd, PNC INFRATECH LIMITED, EIH Limited, Vinati Organics Limited. It added shares in 8. It reduced 5.

How do I invest in HSBC Small Cap 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 Small Cap Fund?

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.