HSBC Value Fund is a Value and Contra fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹14,660 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 14.1% a year and its Regular plan returned 13.0% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹119.88
▼ 0.68% · 30-10-2026
NAV (Regular plan)
₹106.08
▼ 0.68% · 30-10-2026
Expense ratio
0.89%Direct1.85%Regular
0.89%
A year
Riskometer
Very High
Set by the fund house
3 year return
14.1%Direct13.0%Regular
14.1%
A year
HSBC Value Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹119.88 (down 0.68% that day); Regular Plan Growth ₹106.08 (down 0.68% that day).
This fund (Direct plan)
₹119.8839
HSBC Value 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)
−3.06%
−6.13%
−5.12%
−5.46%
+14.13%
--
--
This fund (Regular)
−3.14%
−6.36%
−5.58%
−6.37%
+13.04%
--
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Value and Contra average
−2.09%
−5.76%
−3.23%
−5.72%
+11.83%
--
--
Best in Value and Contra
+1.07%
−2.13%
+5.94%
+10.90%
+19.06%
--
--
Worst in Value and Contra
−6.48%
−8.85%
−7.78%
−11.71%
+4.90%
--
--
Rank in Value and Contra
24/30
16/26
20/25
7/25
7/24
--
--
Category rows compare the Direct plans of 30 Value and Contra funds. Rank 1 is the highest return.
HSBC Value Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−6.96%
−7.71%
−7.51%
2025
+8.02%
+7.00%
+7.76%
2024
+27.13%
+25.92%
+16.24%
2023
+40.71%
+39.36%
+26.91%
HSBC Value 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%30%
HSBC Value Fund (Direct)
Nifty 500 TRI
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 Value Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
8%
5-10%
11%
49%
10-15%
25%
43%
15-20%
60%
0%
20-25%
4%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
720
11.5%
−5.7%
65.2%
5%
8.5%
93%
2 years
474
21.6%
−1.2%
36.5%
1%
16.3%
100%
3 years
226
21.6%
13.6%
25.9%
0%
14.1%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
36
14.4%
−21.7%
64.6%
19%
10.1%
89%
2 years
24
12.2%
−1.0%
37.0%
4%
9.2%
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 Nifty 500 TRI over the same days. Past returns do not promise future returns.
HSBC Value Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−5.46%
−7.34%
Standard deviation
15.07%
14.48%
Sharpe ratio
-0.71
-0.87
Sortino ratio
-0.94
-1.16
Maximum drawdown
−12.3%
(23-03-2026)
−14.7%
(30-03-2026)
Beta
1.01
1.00
Alpha
+1.98%
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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+14.13%
+10.22%
Standard deviation
15.93%
14.30%
Sharpe ratio
0.51
0.29
Sortino ratio
0.68
0.40
Maximum drawdown
−19.6%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.07
1.00
Alpha
+3.61%
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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+16.15%
+9.73%
Standard deviation
14.87%
13.39%
Sharpe ratio
0.67
0.27
Sortino ratio
0.90
0.36
Maximum drawdown
−19.6%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
1.06
1.00
Alpha
+6.19%
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.
−20%−15%−10%−5%0%
HSBC Value Fund (Direct)
Nifty 500 TRI
2023202420252026
HSBC Value Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Value Fund (Direct)
−19.6%
27-09-2024
03-03-2025
30-06-2025
4 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 28-11-2022, 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 Value Fund vs Other Value and Contra Funds
The five Value and Contra funds with the best three year return, and this fund. Direct plans.
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 Value 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
Value and Contra median
Cost rank (1 = cheapest)
Direct
0.65%
0.04%
0.00%
0.20%
0.89%
1.18%
6/30
Regular
1.46%
0.04%
0.00%
0.35%
1.85%
2.27%
3/30
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 Value and Contra 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
−6.37%
−5.46%
0.91%
₹93,630
₹94,540
3 years
13.04%
14.13%
1.09% a year
₹1,44,443
₹1,48,662
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 Value 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
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 Value Fund (Direct)
₹4,80,000
₹5,78,727
₹98,727
9.3%
Regular planHSBC Value Fund (Regular)
₹4,80,000
₹5,66,167
₹86,167
8.2%
Nifty 500 TRI
₹4,80,000
₹5,36,859
₹56,859
5.6%
Category averageCategory average, 30 Value and Contra funds
₹4,80,000
₹5,57,123
₹77,123
7.4%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
Direct planHSBC Value Fund (Direct)
Regular planHSBC Value Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 30 Value and Contra funds
Amount invested
2023202420252026
Direct planHSBC Value Fund (Direct)Regular planHSBC Value Fund (Regular)Nifty 500 TRICategory averageCategory average, 30 Value and Contra 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 Value Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
98.1%Equity
Asset
Fund
Category
Equity
98.1%
91.8%
Cash and others
1.9%
7.3%
Market cap of stocks
Market cap
Fund
Category
Large Cap
41.7%
51.3%
Mid Cap
17.7%
16.3%
Small Cap
38.3%
22.1%
Not on AMFI's list
0.5%
1.5%
Share of the whole fund. Category: the average of the Value and Contra 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 Value Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks24.7%
Finance7.6%
Textiles & Apparels7.0%
Industrial Products6.1%
Automobiles4.3%
Construction4.0%
Petroleum Products3.7%
IT - Software3.6%
Realty3.4%
Agricultural Food & other Products3.3%
The ten largest of 31 sectors. The other 21 add up to 30.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
24.9%
24.5%
24.7%
−0.2%
Finance
9.0%
7.9%
7.6%
−1.4%
Textiles & Apparels
6.0%
6.6%
7.0%
+1.1%
Industrial Products
4.9%
5.6%
6.1%
+1.2%
Automobiles
4.7%
4.5%
4.3%
−0.4%
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 Value Fund Portfolio Holdings
As on 30-09-2026 · 86 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
HDFC Bank Limited
Banks
5.07%
+16.4%
ICICI Bank Limited
Banks
4.00%
0.0%
Karur Vysya Bank Limited
Banks
3.50%
0.0%
The Federal Bank Limited
Banks
3.15%
0.0%
State Bank of India
Banks
3.01%
0.0%
FINOLEX CABLES LTD
Industrial Products
2.97%
0.0%
Reliance Industries Limited
Petroleum Products
2.72%
0.0%
PNB Housing Finance Limited
Finance
2.72%
0.0%
Balrampur Chini Mills Limited
Agricultural Food & other Products
2.33%
0.0%
Larsen & Toubro Limited
Construction
2.10%
0.0%
Hero MotoCorp Limited
Automobiles
2.09%
0.0%
Shriram Finance Limited
Finance
2.09%
0.0%
Tech Mahindra Limited
IT - Software
1.95%
0.0%
Indian Bank
Banks
1.88%
0.0%
Jindal Stainless Limited
Ferrous Metals
1.74%
+38.1%
Welspun Living Limited
Textiles & Apparels
1.68%
0.0%
NTPC Limited
Power
1.60%
0.0%
Pearl Global Industries Limited
Textiles & Apparels
1.51%
+100.0%
Jindal Saw Ltd
Industrial Products
1.50%
0.0%
Multi Commodity Exchange of India Ltd.
Capital Markets
1.50%
0.0%
Maruti Suzuki India Limited
Automobiles
1.38%
0.0%
The Ramco Cements Limited
Cement & Cement Products
1.34%
0.0%
Jindal Steel Limited
Ferrous Metals
1.32%
0.0%
K.P.R. Mill Ltd
Textiles & Apparels
1.29%
0.0%
Angel One Limited
Capital Markets
1.26%
0.0%
Bharti Airtel Limited
Telecom - Services
1.24%
0.0%
Punjab National Bank
Banks
1.22%
0.0%
Trent Limited
Retailing
1.20%
0.0%
POWER MECH PROJECTS LIMITED
Construction
1.20%
0.0%
Axis Bank Limited
Banks
1.18%
0.0%
Brigade Enterprises Limited
Realty
1.12%
+93.0%
GE Vernova T&D India Limited
Electrical Equipment
1.12%
0.0%
Thangamayil Jewellery Limited
Consumer Durables
1.11%
0.0%
Jubilant Foodworks Limited
Leisure Services
1.07%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
1.06%
0.0%
Hindustan Unilever Limited
Diversified FMCG
1.04%
0.0%
Mahindra & Mahindra Financial Serv Ltd.
Finance
1.03%
0.0%
PARADEEP PHOSPHATES LIMITED
Fertilizers & Agrochemicals
1.00%
0.0%
Ratnamani Metals & Tubes Limited
Industrial Products
0.99%
0.0%
Hindustan Petroleum Corporation Limited
Petroleum Products
0.99%
0.0%
Can Fin Homes Limited
Finance
0.99%
0.0%
Vardhman Textiles Limited
Textiles & Apparels
0.98%
0.0%
United Spirits Limited
Beverages
0.96%
0.0%
CCL Products (India) Limited
Agricultural Food & other Products
0.96%
0.0%
Tata Motors Limited
Agricultural, Commercial & Construction Vehicles
0.95%
0.0%
Oberoi Realty Limited
Realty
0.89%
0.0%
Sobha Limited
Realty
0.88%
0.0%
Siemens Limited
Electrical Equipment
0.86%
0.0%
Page Industries Limited
Textiles & Apparels
0.86%
0.0%
Canara Bank
Banks
0.86%
0.0%
Mahindra & Mahindra Limited
Automobiles
0.85%
0.0%
Infosys Limited
IT - Software
0.84%
0.0%
SAPPHIRE FOODS INDIA LIMITED
Leisure Services
0.83%
0.0%
Kotak Mahindra Bank Limited
Banks
0.81%
0.0%
Godfrey Phillips India Limited
Cigarettes & Tobacco Products
0.78%
0.0%
INDO COUNT INDUSTRIES LIMITED
Textiles & Apparels
0.73%
0.0%
Hindalco Industries Limited
Non - Ferrous Metals
0.73%
0.0%
Coromandel International Limited
Fertilizers & Agrochemicals
0.67%
0.0%
Time Technoplast Limited
Industrial Products
0.65%
0.0%
Birla Corporation Limited
Cement & Cement Products
0.61%
0.0%
GLOBUS SPIRITS LIMITED
Beverages
0.53%
0.0%
Aditya Birla Real Estate Limited
Realty
0.52%
0.0%
Housing and Urban Development Corp. Ltd.
Finance
0.51%
0.0%
Oil India Limited
Oil
0.51%
0.0%
Manipal Health Enterprises Limited
Healthcare Services
0.49%
0.0%
Vedanta Aluminium Metal Limited
Non - Ferrous Metals
0.49%
New
Shriram Pistons & Rings Limited
Auto Components
0.49%
+213.0%
HCL Technologies Limited
IT - Software
0.48%
0.0%
ITC Limited
Diversified FMCG
0.46%
0.0%
JK Paper Limited
Paper, Forest & Jute Products
0.46%
0.0%
National Aluminium Company Limited
Non - Ferrous Metals
0.44%
0.0%
Senores Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
0.41%
0.0%
Eris Lifesciences Limited
Pharmaceuticals & Biotechnology
0.36%
0.0%
Epigral Limited
Chemicals & Petrochemicals
0.34%
0.0%
Bayer Cropscience Limited
Fertilizers & Agrochemicals
0.34%
0.0%
VIP Industries Limited
Consumer Durables
0.31%
0.0%
Wipro Limited
IT - Software
0.29%
0.0%
KNR Constructions Limited
Construction
0.26%
0.0%
Bharat Bijlee Ltd.
Electrical Equipment
0.25%
0.0%
HDB Financial Services Limited
Finance
0.23%
0.0%
PNC INFRATECH LIMITED
Construction
0.20%
−19.3%
Nippon Life India Asset Management Ltd
Capital Markets
0.19%
0.0%
KEC International Limited
Construction
0.19%
−48.2%
JK Lakshmi Cement Limited
Cement & Cement Products
0.16%
0.0%
SOMANY CERAMICS LIMITED
Consumer Durables
0.15%
0.0%
WEST COAST PAPER MILLS LTD
Paper, Forest & Jute Products
0.09%
New
HSBC Value Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Limited
↑Added
+16.4%
5.07%
Jindal Stainless Limited
↑Added
+38.1%
1.74%
Pearl Global Industries Limited
↑Added
+100.0%
1.51%
Brigade Enterprises Limited
↑Added
+93.0%
1.12%
Vedanta Aluminium Metal Limited
↑New
New
0.49%
Shriram Pistons & Rings Limited
↑Added
+213.0%
0.49%
KEC International Limited
↓Reduced
−48.2%
0.19%
PNC INFRATECH LIMITED
↓Reduced
−19.3%
0.20%
WEST COAST PAPER MILLS LTD
↑New
New
0.09%
No stocks in this group for September 2026.
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.
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 Value Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.89%
Expense ratio (Regular)
1.85%
Category
Value and Contra
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
08-01-2010
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹14,659.74 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151113
ISIN (Direct)
INF917K01HD4
Scheme code (Regular)
151110
ISIN (Regular)
INF677K01023
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 Value Fund returns
HSBC Value 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
₹119.8839
30-10-2026
direct
IDCW
₹59.327
30-10-2026
regular
Growth
₹106.079
30-10-2026
regular
IDCW
₹45.9717
30-10-2026
About HSBC Value Fund
HSBC Value Fund is a mutual fund from HSBC Mutual Fund. Its category is Value and Contra. It was launched on 08-01-2010. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 86 securities.
The Direct plan NAV is ₹119.8839. The Regular plan NAV is ₹106.079, as on 30-10-2026.
What are the returns of HSBC Value Fund?
The Direct plan returned −5.46% in 1 year, +14.13% a year over 3 years. The Regular plan returned −6.37% in 1 year, +13.04% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Value Fund?
The Direct plan charges 0.89% a year. The Regular plan charges 1.85% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of HSBC Value Fund?
HSBC Value Fund managed ₹14,659.74 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Value Fund?
At the end of September 2026 the largest holdings were HDFCBANK (5.07%), ICICIBANK (4.00%), KARURVYSYA (3.50%), FEDERALBNK (3.15%), SBIN (3.01%). The fund held 86 securities in all.
What did HSBC Value Fund buy and sell in September 2026?
It bought 2 new stocks: Vedanta Aluminium Metal Limited, WEST COAST PAPER MILLS LTD. It added shares in 5. It reduced 2.
How do I invest in HSBC Value 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.
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.
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