HSBC Financial Services Fund
- NAV as on 9 Nov 2026
- ₹12.63+0.57%1 day
- Return since launch
- 14.4%
- 52-week range
- ₹10.65 — ₹12.88
- AUM
- ₹903 Cr
HSBC Financial Services Fund is a Sectoral-Banking equity fund from HSBC Mutual Fund with ₹903 Cr under management, launched in 2025. The expense ratio is 2.44% and the SEBI riskometer reading is Very High.
Performance
HSBC Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.8% | +5.5 pts | 2.2% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.2% | −0.9 pts | 7.1% | 7.0% |
| 3M | -0.2% | −1.3 pts | 1.1% | 2.1% |
| 6M | 3.9% | −2.3 pts | 6.1% | 6.7% |
| 1Y | 5.9% | +3.7 pts | 2.2% | 2.0% |
Since launch (6 Feb 2025): 14.4%
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.37%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.93%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.41%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
HSBC Financial Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.7%
- Other4.3%
Market cap split
- Large53.8%
- Mid22.2%
- Small24.0%
- P/E
- 19.94
- P/B
- 2.62
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.31% | ₹84.06 Cr | +9.44% | +7.77% | +6.52% |
| HDFC Bank Ltd. | Financial | 9.30% | ₹83.94 Cr | +8.99% | +6.02% | +7.50% |
| Axis Bank Ltd. | Financial | 5.09% | ₹45.99 Cr | +4.43% | +4.36% | +3.94% |
| Nippon Life India Asset Management Ltd. | Financial | 4.91% | ₹44.36 Cr | +5.83% | +4.99% | +6.24% |
| Shriram Finance Ltd | Financial | 4.81% | ₹43.45 Cr | +4.97% | +5.16% | +3.81% |
| Kotak Mahindra Bank Ltd. | Financial | 4.60% | ₹41.55 Cr | +4.22% | +4.01% | +4.21% |
| State Bank of India | Financial | 4.45% | ₹40.21 Cr | +4.64% | +5.50% | +5.11% |
| Others | Others | 4.30% | ₹38.40 Cr | -0.16% | +0.04% | -0.66% |
| Billionbrains Garage Ventures Ltd. | Financial | 3.84% | ₹34.67 Cr | +3.02% | +1.66% | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 3.42% | ₹30.91 Cr | +3.53% | +3.70% | — |
| Karur Vysya Bank Ltd. | Financial | 3.24% | ₹29.23 Cr | +2.88% | +3.49% | +2.65% |
| HDFC Asset Management Company Ltd. | Financial | 3.08% | ₹27.78 Cr | +3.00% | +2.75% | +3.59% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.57% | ₹23.18 Cr | +2.47% | +2.32% | +2.88% |
| The Federal Bank Ltd. | Financial | 2.48% | ₹22.39 Cr | +2.51% | +2.45% | +1.56% |
| Motilal Oswal Financial Services Ltd. | Financial | 2.46% | ₹22.25 Cr | +2.30% | +1.90% | +2.55% |
| Pine Labs Ltd. | Financial | 2.41% | ₹21.72 Cr | +2.14% | +1.30% | — |
| RBL Bank Ltd. | Financial | 2.40% | ₹21.68 Cr | +2.14% | +2.09% | — |
| PNB Housing Finance Ltd. | Financial | 2.37% | ₹21.38 Cr | +2.14% | +1.93% | +1.94% |
| PB Fintech Ltd. | Services | 2.07% | ₹18.68 Cr | +3.09% | +2.90% | +3.61% |
| Prudent Corporate Advisory Services Ltd. | Financial | 1.92% | ₹17.34 Cr | +1.79% | +1.61% | +0.77% |
| Home First Finance Company India Ltd. | Financial | 1.89% | ₹17.10 Cr | +1.42% | +1.15% | +1.31% |
| KFin Technologies Ltd. | Financial | 1.89% | ₹17.08 Cr | +1.93% | +2.39% | +2.99% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.89% | ₹17.08 Cr | +1.58% | +3.26% | +3.96% |
| Piramal Finance Ltd. | Financial | 1.75% | ₹15.76 Cr | +1.80% | +1.89% | — |
| One 97 Communications Ltd. | Services | 1.67% | ₹15.10 Cr | — | — | — |
| Angel One Ltd. | Financial | 1.20% | ₹10.82 Cr | +1.05% | — | — |
| Canara Robeco Asset Management Company Ltd. | Financial | 1.16% | ₹10.49 Cr | +1.24% | +1.36% | — |
| Care Ratings Ltd. | Services | 1.13% | ₹10.23 Cr | +1.13% | +1.23% | +1.35% |
| Bajaj Finance Ltd. | Financial | 1.06% | ₹9.61 Cr | +1.09% | +1.08% | +2.52% |
| HDB Financial Services Ltd. | Financial | 1.01% | ₹9.14 Cr | +1.19% | +1.10% | +1.02% |
| City Union Bank Ltd. | Financial | 1.00% | ₹9.04 Cr | +0.90% | +0.96% | — |
| CreditAccess Grameen Ltd. | Financial | 0.99% | ₹8.90 Cr | — | — | — |
| 360 One Wam Ltd. | Financial | 0.97% | ₹8.80 Cr | +0.99% | +1.09% | +0.96% |
| Housing & Urban Development Corporation Ltd. | Financial | 0.92% | ₹8.34 Cr | +1.66% | +1.60% | +2.35% |
| Seshaasai Technologies Ltd. | Services | 0.82% | ₹7.40 Cr | +0.30% | +0.26% | — |
| Aditya Birla Capital Ltd. | Financial | 0.56% | ₹5.05 Cr | +0.56% | +1.30% | +1.36% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.54% | ₹4.87 Cr | — | — | — |
| CMS Info Systems Ltd. | Services | 0.52% | ₹4.74 Cr | +0.65% | +0.76% | +1.12% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Max Financial Services Ltd. | 1.98% | 0.00% | -1.98% |
| PB Fintech Ltd. | 3.42% | 2.07% | -1.35% |
| BSE Ltd. | 1.19% | 0.00% | -1.19% |
| CreditAccess Grameen Ltd. | 0.00% | 0.99% | +0.99% |
| Axis Bank Ltd. | 4.12% | 5.09% | +0.97% |
| One 97 Communications Ltd. | 1.07% | 1.67% | +0.60% |
| HDFC Bank Ltd. | 8.72% | 9.30% | +0.58% |
| Billionbrains Garage Ventures Ltd. | 3.36% | 3.84% | +0.48% |
| Others | -0.36% | -0.76% | -0.40% |
| Angel One Ltd. | 0.88% | 1.20% | +0.32% |
| Shriram Finance Ltd | 5.10% | 4.81% | -0.29% |
| ICICI Bank Ltd. | 9.60% | 9.31% | -0.29% |
| ICICI Prudential Asset Management Company Ltd. | 3.14% | 3.42% | +0.28% |
| RBL Bank Ltd. | 2.12% | 2.40% | +0.28% |
| Pine Labs Ltd. | 2.15% | 2.41% | +0.26% |
| Kotak Mahindra Bank Ltd. | 4.34% | 4.60% | +0.26% |
| HDFC Asset Management Company Ltd. | 3.32% | 3.08% | -0.24% |
| Prudent Corporate Advisory Services Ltd. | 2.11% | 1.92% | -0.19% |
| State Bank of India | 4.61% | 4.45% | -0.16% |
| KFin Technologies Ltd. | 2.05% | 1.89% | -0.16% |
| Nippon Life India Asset Management Ltd. | 5.05% | 4.91% | -0.14% |
| The Federal Bank Ltd. | 2.61% | 2.48% | -0.13% |
| Canara Robeco Asset Management Company Ltd. | 1.26% | 1.16% | -0.10% |
| Cholamandalam Investment and Finance Company Ltd. | 2.47% | 2.57% | +0.10% |
| PNB Housing Finance Ltd. | 2.28% | 2.37% | +0.09% |
| Piramal Finance Ltd. | 1.84% | 1.75% | -0.09% |
| 360 One Wam Ltd. | 1.04% | 0.97% | -0.07% |
| Multi Commodity Exchange Of India Ltd. | 1.83% | 1.89% | +0.06% |
| City Union Bank Ltd. | 0.95% | 1.00% | +0.05% |
| Bajaj Finance Ltd. | 1.10% | 1.06% | -0.04% |
| Motilal Oswal Financial Services Ltd. | 2.42% | 2.46% | +0.04% |
| Mahindra & Mahindra Financial Services Ltd. | 0.58% | 0.54% | -0.04% |
| HDB Financial Services Ltd. | 1.04% | 1.01% | -0.03% |
| Housing & Urban Development Corporation Ltd. | 0.95% | 0.92% | -0.03% |
| CMS Info Systems Ltd. | 0.54% | 0.52% | -0.02% |
| Seshaasai Technologies Ltd. | 0.80% | 0.82% | +0.02% |
| Home First Finance Company India Ltd. | 1.87% | 1.89% | +0.02% |
| Care Ratings Ltd. | 1.14% | 1.13% | -0.01% |
| Karur Vysya Bank Ltd. | 3.25% | 3.24% | -0.01% |
| Aditya Birla Capital Ltd. | 0.56% | 0.56% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,928 Cr | 2.17% | 5.8% | 10.5% | 13.5% |
 SBI Banking & Financial Services Fund | ₹10,505 Cr | 2.16% | 5.4% | 10.2% | 13.6% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services businesses.
Fund managers
- Dipan S. ParikhMr. Parikh has done B.ComHe has been working with HSBC Mutual Fund since 2006
- Gautam BhupalMr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons)Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.88% absolute | ₹60,000 | ₹62,328 | 3.88% | |
| 1 year5.93% annualised | ₹1,20,000 | ₹1,23,925 | 3.27% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.