Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Flexi Cap Fund

Holds 84 companies worth ₹5,679 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹5,749 CrHSBC Flexi Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹6,000 Cr.

  • Largest holding

    ICICI BankICICI Bank is 3.9% of this scheme's NAV.

  • Fund manager

    Abhishek GuptaRuns it since 1 Mar 2024, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Abhishek GuptaFund manager · Mar 2024 · 21y · CFA PGDM B.Com
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaDec 2023 – Sept 2026
  2. Venugopal ManghatApr 2024 – Jun 2025

Key facts

Benchmark
NIFTY 500 TRI
Risk
Very High
Expense
Regular 2.1% · Direct 1.29%
Exit load
10% within 1 year
Started
24 Feb 2004
Minimum
Rs. 5,000 per application

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

What changed(18 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 Dec 2023

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 1.93% → 1.95%Direct 1.2% → 1.22%

Mar 2026

1 change
  1. Expense ratio
    11 MarRegular 1.92% → 1.93%Direct 1.19% → 1.2%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Dec 2023 – now)

  1. Abhishek Gupta
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Venugopal Manghat
MainCoSlice202420252026
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.
14 changesRegularDirectΔ pt
9 Apr 20261.95%1.22%0.02
11 Mar 20261.93%1.20%0.01
11 Feb 20261.92%1.19%0.01
13 Jan 20261.93%1.20%0.03
11 Nov 20251.92%1.17%0.01
9 Aug 20251.93%1.18%0.01
7 Jul 20251.92%1.17%0.01
6 Jun 20251.93%1.18%0.01
6 May 20251.94%1.17%0.01
1 Apr 20251.95%1.18%0.01
10 Feb 20251.94%1.17%0.01
12 Nov 20241.93%1.16%0.01
8 Oct 20241.92%1.15%0.01
16 Sept 20241.93%1.16%–
Direct plan, 9 Apr 2026
1.22%
Regular plan 1.95% · Exit load 10% within 1 year
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

To seek long term capital growth through investments made dynamically across market capitalization (i.e., Large, Mid,and Small Caps). The investment couldbe in any one, two or all three types of market capitalization. The Scheme aims to predominantly invest in equity and equity related securities. However, in line with the asset allocation pattern of the Scheme, it could move its assets between equity and fixed income securities depending on its view on these markets.However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
Type
Flexi Cap Fund – An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
Benchmark
NIFTY 500 TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities
    Allowed65–100%Holds98.8%
  2. Money market instruments and other liquid instruments
    Allowed0–35%Holds1.2%
  3. Units of InvITs
    Allowed0–10%Holds0.0%
  4. Units of Gold and Silver ETFs
    Allowed0–35%

Holds in Sept 2026.98.8% equity · 1.2% debt and cash

How to invest(16 Sept 2026)

Buying

To start
Rs. 5,000 per application, 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 (Default: 10th), Quarterly (Default: 10th); STP - Daily/Weekly/Fortnightly/Monthly/Quarterly; SWP - Monthly/Quarterly/Half-yearly/Annual:
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; STP - Any Date of the month; Default Day for Weekly: Wednesday; Default Date for Fortnightly: 15th of the month; Default Dates for Monthly & Quarterly: 10th of the month SWP - Any Date of the month(Default: 10th); Default Dates for Monthly/Quarterly/Half-yearly/Annual: 10th of the month
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 sIP- Rs. 1 STP-Rs. 1 SWP-Rs. 1 or 50 units
Instalments
SIP - Daily - 6 installments; Weekly - 6 installments ; Monthly - 6 installments ; Quarterly - 4 installments ; STP - 6 installments SWP - 12 installments
Most
SIP / STP / SWP - NA

Selling and switching

To redeem
Rs. 500 in multiples of Re.1 or 50 Units in multiples of 0.01 units units
Switch minimum
Rs. 5,000 per application and in multiples of Re. 1 thereafter
Switch multiples
₹1

Scheme details(16 Sept 2026)

What it is

Category
Flexi Cap Fund
Offer
22 Jan 2004 to 13 Feb 2004
Started
24 Feb 2004
Reopened
5 Mar 2004
Plans
• Growth- Regular • Growth – Direct • Income Distribution cum Capital Withdrawal Option (IDCW) - Regular • Income Distribution cum Capital Withdrawal Option (IDCW) – Direct - Payout of IDCW - Reinvestment IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
HDFC Bank Limited
Auditor
M/s. Price Waterhouse, Chartered Accountants LLP
Registrar
Computer Age Management Services Private Limited
SEBI code
HSBC/O/E/FCF/04/01/0005