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HSBC Financial Services Fund - Direct Growth is an equity scheme managed by HSBC Mutual Fund. The total expense ratio is 1.29% on assets of ₹866Cr. The fund is currently managed by Gautam Bhupal, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 88% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| ICICI BANK LIMITED | Financial Services | 9.28% |
| HDFC BANK LIMITED | Financial Services | 6.36% |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED | Financial Services | 5.42% |
| STATE BANK OF INDIA | Financial Services | 5.17% |
| Shriram Finance Limited | Financial Services | 4.78% |
| AXIS BANK LIMITED | Financial Services | 4.10% |
| PB FINTECH LIMITED | Financial Services | 2.92% |
| HDFC ASSET MANAGEMENT COMPANY LTD | Financial Services | 2.91% |
| THE FEDERAL BANK LIMITED | Financial Services | 2.34% |
| PNB HOUSING FINANCE LTD | Financial Services | 2.30% |
| MAX FINANCIAL SERVICES LIMITED | Financial Services | 2.22% |
| KFIN TECHNOLOGIES LIMITED | Technology | 2.10% |
| RBL BANK LIMITED | Financial Services | 2.09% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED | Financial Services | 2.07% |
| HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED | Financial Services | 1.91% |
| POWER FINANCE CORPORATION LTD. | Financial Services | 1.87% |
| PRUDENT CORPORATE ADVISORY SERVICES LIMITED | Financial Services | 1.81% |
| HOME FIRST FINANCE COMPANY INDIA LIMITED | Financial Services | 1.55% |
| BSE LIMITED | Financial Services | 1.47% |
| CARE RATINGS LIMITED | Financial Services | 1.22% |
| HDB FINANCIAL SERVICES LIMITED | Financial Services | 1.12% |
| 360 ONE WAM LIMITED | Financial Services | 1.02% |
| CITY UNION BANK LIMITED | Financial Services | 0.94% |
| BAJAJ HOUSING FINANCE LIMITED | Financial Services | 0.88% |
| CMS INFO SYSTEMS LIMITED | Industrials | 0.72% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 24 | 95.51% |
| Services | — | 0.72% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | 3.21% | 8.52% | 9.72% | 14.65% | 20.87% | 100.0% |
Top-10 weight 45.6% means concentration is in line with most actively-managed Indian equity funds. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.