HSBC Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹466.51+0.31%1 day
- Return since launch
- 17.4%
- 52-week range
- ₹431.86 — ₹501.51
- AUM
- ₹1,855 Cr
HSBC Large Cap Fund is a Large Cap equity fund from HSBC Mutual Fund with ₹1,855 Cr under management, launched in 2002. Over three years it has returned 2.5% a year, against 8.8% for its category. The expense ratio is 2.36% and the SEBI riskometer reading is Very High.
Performance
HSBC Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.1% against -2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.2% | −1.2 pts | -2.0% | -5.8% |
| 2Y | -0.5% | +0.6 pts | -1.1% | -1.9% |
| 3Y | 2.5% | −6.3 pts | 8.8% | 1.7% |
| 5Y | 7.7% | +0.4 pts | 7.3% | 7.2% |
| 7Y | 10.4% | +0.1 pts | 10.3% | 10.0% |
| 10Y | 10.7% | 0.0 pts | 10.8% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.6% | +0.4 pts | -4.0% | -4.1% |
| 3M | -0.6% | +0.8 pts | -1.5% | -1.8% |
| 6M | 5.5% | −0.4 pts | 5.9% | 5.1% |
| 1Y | 0.1% | +2.0 pts | -2.0% | -2.7% |
| 2Y | -4.1% | −0.2 pts | -3.9% | -4.1% |
| 3Y | 9.1% | +0.3 pts | 8.8% | 8.5% |
| 5Y | 7.7% | +0.3 pts | 7.3% | 7.2% |
| 7Y | 11.8% | 0.0 pts | 11.9% | 10.9% |
| 10Y | 10.9% | +0.1 pts | 10.8% | 9.9% |
Since launch (14 Nov 2002): 17.4%
Calendar-year returns
Category average14.5%
23.6%
1.1%
23.5%
18.2%
4.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.9% | −3.6 pts | 8.5% |
| 2024 | 18.2% | +1.8 pts | 16.3% |
| 2023 | 23.5% | −1.8 pts | 25.3% |
| 2022 | 1.1% | −2.1 pts | 3.2% |
| 2021 | 23.6% | −3.6 pts | 27.2% |
| 2020 | 14.5% | −0.5 pts | 15.0% |
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
2.33%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.78%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.48%
- Exit load
- Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 100 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.59 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.41 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.47 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.06 | 15.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Large Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.0%
- Other3.0%
Market cap split
- Large87.0%
- Mid7.2%
- Small5.7%
- P/E
- 25.60
- P/B
- 3.66
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.01% | ₹167 Cr | +8.22% | +9.10% | +9.36% |
| HDFC Bank Ltd. | Financial | 8.03% | ₹149 Cr | +7.62% | +7.97% | +9.36% |
| Reliance Industries Ltd. | Energy | 6.37% | ₹118 Cr | +5.64% | +5.89% | +5.94% |
| Larsen & Toubro Ltd. | Construction | 5.45% | ₹101 Cr | +5.22% | +4.52% | +3.15% |
| Shriram Finance Ltd | Financial | 4.79% | ₹88.79 Cr | +4.58% | +5.13% | +3.17% |
| Eternal Ltd. | Services | 4.42% | ₹82.03 Cr | +3.56% | +3.25% | +4.29% |
| Sterlite Technologies Ltd. | Communication | 4.32% | ₹80.13 Cr | — | — | — |
| State Bank of India | Financial | 4.00% | ₹74.20 Cr | +4.39% | +6.35% | +4.39% |
| Bharti Airtel Ltd. | Communication | 3.42% | ₹63.42 Cr | +3.64% | +3.47% | +3.61% |
| Mahindra & Mahindra Ltd. | Automobile | 3.10% | ₹57.44 Cr | +3.03% | +2.24% | — |
| Infosys Ltd. | Technology | 3.06% | ₹56.69 Cr | +3.30% | +4.12% | +5.62% |
| Others | Others | 3.02% | ₹56.42 Cr | -0.18% | -0.36% | +0.10% |
| Interglobe Aviation Ltd. | Services | 2.82% | ₹52.34 Cr | +1.88% | — | — |
| Axis Bank Ltd. | Financial | 2.80% | ₹52.00 Cr | +2.56% | +4.02% | +2.29% |
| Polycab India Ltd. | Capital Goods | 2.55% | ₹47.23 Cr | +2.70% | +3.41% | +3.10% |
| Tata Motors Ltd. | Automobile | 2.54% | ₹47.11 Cr | — | +1.33% | — |
| TVS Motor Company Ltd. | Automobile | 2.34% | ₹43.41 Cr | +1.91% | +2.55% | +3.58% |
| Swiggy Ltd. | Services | 2.28% | ₹42.29 Cr | +2.20% | +1.59% | +2.24% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.16% | ₹40.04 Cr | +2.33% | +2.48% | +2.08% |
| ITC Ltd. | Consumer Staples | 2.07% | ₹38.33 Cr | — | — | +1.12% |
| Titan Company Ltd. | Consumer Discretionary | 2.06% | ₹38.27 Cr | +1.74% | +1.94% | +1.69% |
| Mankind Pharma Ltd. | Healthcare | 1.96% | ₹36.29 Cr | +2.03% | +1.78% | +1.69% |
| Ultratech Cement Ltd. | Materials | 1.85% | ₹34.35 Cr | +1.96% | +2.01% | +2.42% |
| HDFC Asset Management Company Ltd. | Financial | 1.77% | ₹32.78 Cr | +1.52% | — | — |
| Bajaj Finance Ltd. | Financial | 1.71% | ₹31.71 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.32% | ₹24.47 Cr | +1.04% | — | — |
| Delhivery Ltd. | Services | 1.23% | ₹22.81 Cr | +1.29% | +1.14% | +2.56% |
| NTPC Ltd. | Energy | 1.15% | ₹21.28 Cr | +1.43% | +1.31% | +2.24% |
| company:3914 | Consumer Staples | 1.12% | ₹20.75 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 1.10% | ₹20.35 Cr | +1.06% | +1.43% | +2.23% |
| HCL Technologies Ltd. | Technology | 1.06% | ₹19.68 Cr | +1.01% | +1.83% | +1.99% |
| Trent Ltd. | Services | 1.05% | ₹19.44 Cr | +1.08% | — | +1.01% |
| SBI Life Insurance Company Ltd. | Insurance | 0.94% | ₹17.41 Cr | +1.04% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.80% | ₹14.89 Cr | +0.77% | +1.38% | +1.74% |
| United Spirits Ltd. | Consumer Staples | 0.80% | ₹14.90 Cr | +0.72% | — | — |
| Meesho Ltd. | Services | 0.66% | ₹12.32 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.52% | ₹9.60 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 0.35% | ₹6.52 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ITC Ltd. | 0.76% | 2.07% | +1.31% |
| Varun Beverages Ltd. | 1.20% | 0.00% | -1.20% |
| company:3914 | 0.00% | 1.12% | +1.12% |
| Reliance Industries Ltd. | 7.11% | 6.37% | -0.74% |
| Sterlite Technologies Ltd. | 3.68% | 4.32% | +0.64% |
| HDFC Bank Ltd. | 8.54% | 8.03% | -0.51% |
| State Bank of India | 4.47% | 4.00% | -0.47% |
| Bharti Airtel Ltd. | 3.75% | 3.42% | -0.33% |
| Eternal Ltd. | 4.11% | 4.42% | +0.31% |
| Apollo Hospitals Enterprise Ltd. | 2.43% | 2.16% | -0.27% |
| Billionbrains Garage Ventures Ltd. | 0.26% | 0.52% | +0.26% |
| Tata Motors Ltd. | 2.37% | 2.54% | +0.17% |
| Bajaj Finance Ltd. | 1.86% | 1.71% | -0.15% |
| Axis Bank Ltd. | 2.67% | 2.80% | +0.13% |
| Mahindra & Mahindra Ltd. | 3.23% | 3.10% | -0.13% |
| Others | -0.20% | -0.31% | -0.11% |
| Larsen & Toubro Ltd. | 5.35% | 5.45% | +0.10% |
| Ultratech Cement Ltd. | 1.94% | 1.85% | -0.09% |
| Delhivery Ltd. | 1.31% | 1.23% | -0.08% |
| NTPC Ltd. | 1.23% | 1.15% | -0.08% |
| SBI Life Insurance Company Ltd. | 1.02% | 0.94% | -0.08% |
| Meesho Ltd. | 0.59% | 0.66% | +0.07% |
| Titan Company Ltd. | 1.99% | 2.06% | +0.07% |
| Polycab India Ltd. | 2.48% | 2.55% | +0.07% |
| FSN E-Commerce Ventures Ltd. | 1.27% | 1.32% | +0.05% |
| Trent Ltd. | 1.10% | 1.05% | -0.05% |
| Mankind Pharma Ltd. | 2.01% | 1.96% | -0.05% |
| Shriram Finance Ltd | 4.84% | 4.79% | -0.05% |
| HCL Technologies Ltd. | 1.10% | 1.06% | -0.04% |
| Swiggy Ltd. | 2.32% | 2.28% | -0.04% |
| ICICI Bank Ltd. | 8.97% | 9.01% | +0.04% |
| Tech Mahindra Ltd. | 1.12% | 1.10% | -0.02% |
| United Spirits Ltd. | 0.82% | 0.80% | -0.02% |
| HDFC Asset Management Company Ltd. | 1.78% | 1.77% | -0.01% |
| SBI Funds Management Ltd. | 0.36% | 0.35% | -0.01% |
| Sun Pharmaceutical Industries Ltd. | 0.81% | 0.80% | -0.01% |
| Infosys Ltd. | 3.07% | 3.06% | -0.01% |
| Interglobe Aviation Ltd. | 2.81% | 2.82% | +0.01% |
| TVS Motor Company Ltd. | 2.34% | 2.34% | 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 | ₹1,872 Cr | 2.51% | 0.7% | 4.8% | 9.7% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 6.0% | 5.4% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.20% | -2.8% | 4.0% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 2.4% | 6.0% | 10.5% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -4.3% | 3.6% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 2.2% | 4.8% | 9.6% |
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 growth from a diversified portfolio of equity and equity related securities of predominantly large cap companies.
Fund managers
- Neelotpal SahaiMr. Sahai is a B.Tech from IT BHU and PGDM from IIMPrior to joining HSBC AMC he has worked with IDFC Investment Advisors.
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 months5.49% absolute | ₹60,000 | ₹63,294 | 5.49% | |
| 1 year0.05% annualised | ₹1,20,000 | ₹1,20,033 | 0.03% | |
| 3 years9.06% annualised | ₹3,60,000 | ₹4,15,011 | 15.28% | |
| 5 years7.65% annualised | ₹6,00,000 | ₹7,32,746 | 22.12% |
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.
What is the NAV of HSBC Large Cap Fund?
The NAV of HSBC Large Cap Fund is ₹466.51 as on 25 Sep 2026.
What is the expense ratio of HSBC Large Cap Fund?
The expense ratio of HSBC Large Cap Fund is 2.36% per year.
What is the minimum SIP amount for HSBC Large Cap Fund?
You can start a SIP in HSBC Large Cap Fund with ₹3,000 a month.
What returns has HSBC Large Cap Fund given?
HSBC Large Cap Fund has returned -3.2% over 1 year, 2.5% over 3 years and 7.7% over 5 years (annualised).
Is there a lock-in or exit load on HSBC Large Cap Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
How risky is HSBC Large Cap Fund?
HSBC Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages HSBC Large Cap Fund?
HSBC Large Cap Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,44,068 Cr under management.