Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Financial Services Fund

Holds 37 companies worth ₹864 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹903 CrHSBC Financial Services Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.3% on Aug 2026, ₹963 Cr.

  • Largest holding

    ICICI BankICICI Bank is 9.3% of this scheme's NAV.

  • Fund manager

    Gautam BhupalRuns it since 6 Feb 2025, as the fund house dates it. With Mayank Chaturvedi (fund manager), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Gautam BhupalFund manager, equity · Feb 2025 · 22y · CA PGDM B.Com
  2. Mayank ChaturvediFund manager · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaApr 2025 – Sept 2026
  2. Harsh ShahApr 2025 – Sept 2026

Key facts

Benchmark
BSE Financial Services TRI
Risk
Very High
Expense
Regular 2.42% · Direct 0.96%
Exit load
10% within 90 days
Started
27 Feb 2025
Minimum
₹5,000

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

What changed(16 changes)

Sept 2026

4 changes
  1. Mayank Chaturvedi joined
    16 Septas fund manager
  2. Dipan Parikh joined
    16 Septfor gold and silver
  3. Sonal Gupta left
    16 Septran it as fund manager from Apr 2025
  4. Harsh Shah left
    16 Septran it as fund manager from Apr 2025

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 2.26% → 2.29%Direct 0.75% → 0.52%

Mar 2026

1 change
  1. Expense ratio
    11 MarRegular 2.27% → 2.26%Direct 0.76% → 0.75%

Source.Its filings at NSE, since Feb 2025.

Fund managers over time(Feb 2025 – now)

  1. Gautam Bhupal
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Harsh Shah
MainCoSlice2026
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(Apr 2025 – Sept 2026)

Every change to the expense ratio, newest first.
10 changesRegularDirectΔ pt
9 Apr 20262.29%0.52%0.23
11 Mar 20262.26%0.75%0.01
11 Feb 20262.27%0.76%0.02
13 Jan 20262.29%0.78%0.18
7 Dec 20252.32%0.96%0.03
11 Nov 20252.35%0.99%0.01
13 Oct 20252.36%1.00%0.01
7 Jul 20252.37%1.01%0.02
6 Jun 20252.39%1.03%0.14
1 Apr 20252.40%0.89%–
Direct plan, 9 Apr 2026
0.52%
Regular plan 2.29% · Exit load 10% within 90 days
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 long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services businesses. There is no assurance that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended equity scheme investing in financial services sector
Benchmark
BSE Financial Services TRI

Asset allocation it may hold% of NAV

  1. Equities & Equity related securities of companies engaged in financial services businesses
    Allowed80–100%
  2. Other equity and equity related securities
    Allowed0–20%
  3. Money market instruments and other liquid instruments
    Allowed0–20%Holds4.3%
  4. Units of InvITs
    Allowed0–10%Holds0.0%
  5. Units of Gold and Silver ETFs
    Allowed0–20%

Holds in Sept 2026.95.7% equity · 4.3% 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 (subject to total minimum investment of Rs. 6,000); 500 Monthly 6 (subject to total minimum investment of Rs. 6,000); 1500 Quarterly 4; 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
₹500 or 50 units

Scheme details(16 Sept 2026)

What it is

Category
Open Ended - Equity - Sectoral
Offer
6 Feb 2025 to 20 Feb 2025
Started
27 Feb 2025
Reopened
4 Mar 2025
Plans
HSBC Financial Services Fund - Direct Growth · HSBC Financial Services Fund - Direct IDCW · HSBC Financial Services Fund - Regular Growth · HSBC Financial Services Fund - Regular IDCW
Face value
₹10
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
HSBC/O/E /SEC/24/12/0039