Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Equity Savings Fund

Holds 95 companies worth ₹1,142 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹1,558 CrHSBC Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 5.6% on Aug 2026, ₹1,475 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 4.8% of this scheme's NAV.

  • Fund manager

    Cheenu GuptaRuns it since 2 Jul 2021, as the fund house dates it. With Mahesh Chhabria (fund manager), Praveen Ayathan (fund manager), Mohd. Asif Rizwi (fund manager), Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers6

  1. Cheenu GuptaFund manager · Jul 2021 · 20y · CFA PGDM B.E.
  2. Mahesh ChhabriaFund manager · Jul 2023 · 15y · MMS
  3. Praveen AyathanFund manager · Oct 2023 · 34y
  4. Mohd. Asif RizwiFund manager · Feb 2025 · 16y · PGDM B.Tech
  5. Mayank ChaturvediOverseas · Oct 2025
  6. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com

    Key facts

    Benchmark
    NIFTY Equity Savings Index
    Risk
    Low to Moderate
    Expense
    Regular 2.51% · Direct 1.66%
    Exit load
    10% within 1 month
    Started
    18 Oct 2011
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 16 Sept 2026 at AMFI.

    What changed(10 changes)

    Sept 2026

    3 changes
    1. Mayank Chaturvedi joined
      16 Septfor overseas investments
    2. Dipan Parikh joined
      16 Septfor gold and silver
    3. Sonal Gupta left
      16 Septran it for overseas investments from Nov 2022

    Jan 2026

    1 change
    1. Expense ratio
      13 JanDirect 0.66% → 0.67%

    Sept 2025

    1 change
    1. Expense ratio
      10 SeptRegular 1.51% → 1.52%Direct 0.65% → 0.66%

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(Jul 2021 – now)

    1. Cheenu Gupta
    2. Mahesh Chhabria
    3. Praveen Ayathan
    4. Mohd. Asif Rizwi
    5. Mayank Chaturvedi
    6. Dipan Parikh
    7. Sonal Gupta
    8. Abhishek Gupta
    9. Hitesh Gondhia
    10. Kapil Punjabi
    MainCoSlice20222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    4 changesRegularDirectΔ pt
    13 Jan 20261.52%0.67%0.01
    10 Sept 20251.52%0.66%0.01
    6 Jun 20251.51%0.65%0.04
    16 Sept 20241.51%0.61%–
    Direct plan, 13 Jan 2026
    0.67%
    Regular plan 1.52% · Exit load 10% within 1 month
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(16 Sept 2026)

    Objective

    The investment objective of the Scheme is to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

    Risk, type and benchmark

    Riskometer
    Low to Moderate
    At launch
    Moderately High
    Type
    An open-ended scheme investing in equity, arbitrage and debt
    Benchmark
    NIFTY Equity Savings Index

    Asset allocation it may hold% of NAV

    1. A. Equities & Equity related securities
      Allowed65–90%Holds73.3%
    2. A1. Hedged
      Allowed25–50%
    3. A2. Unhedged
      Allowed15–40%
    4. B. Debt, Money Market Instruments and Government Securities
      Allowed10–35%Holds26.7%
    5. Units issued by InvITs
      Allowed0–10%Holds0.0%
    6. Units of Gold and Silver ETFs
      Allowed0–25%
    7. Exchange Traded Commodity Derivatives (ETCDs)
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.73.3% equity · 26.7% debt and cash

    How to invest(16 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Systematic
    SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly; SWP - Monthly, Quarterly, Half Year, Annual; STP - Daily (Business Days), Weekly, Fortnightly, Monthly, Quarterly
    Dates
    SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday; Other than daily and weekly - Any Date, SWP and STP - Any Dates
    Minimum
    SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000., then in multiples of ₹1
    Instalments
    SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6

    Selling and switching

    To redeem
    ₹500 or 50 units
    Switch minimum
    ₹5,000

    Scheme details(16 Sept 2026)

    What it is

    Category
    Open Ended-Hybrid - Equity Savings
    Offer
    26 Sept 2011 to 11 Oct 2011
    Started
    18 Oct 2011
    Reopened
    25 Oct 2011
    Plans
    HSBC Equity Savings Fund - Direct Growth · HSBC Equity Savings Fund - Direct Monthly IDCW · HSBC Equity Savings Fund - Direct Quarterly IDCW · HSBC Equity Savings Fund - Regular Growth · HSBC Equity Savings Fund - Regular Monthly IDCW · HSBC Equity Savings Fund - Regular Quarterly IDCW
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    HDFC Bank Limited
    Auditor
    M/s. Price Waterhouse, Chartered Accountants LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    LTMF/O/H/ESF/11/03/0020