Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Large Mid Cap Fund

Holds 83 companies worth ₹5,663 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹5,784 CrHSBC Large Mid Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.5% on Aug 2026, ₹5,931 Cr.

  • Largest holding

    ICICI BankICICI Bank is 6.5% of this scheme's NAV.

  • Fund manager

    Cheenu GuptaRuns it since 26 Nov 2022, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Cheenu GuptaFund manager · Nov 2022 · 20y · CFA PGDM B.E.
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaDec 2023 – Sept 2026
  2. Abhishek GuptaApr 2024 – Jun 2025

Key facts

Benchmark
NIFTY Large Midcap 250 TRI
Risk
Very High
Expense
Regular 2.54% · Direct 1.44%
Exit load
10% within 1 year
Started
28 Mar 2019
Minimum
Rs. 5,000 per application

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

What changed(16 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 1.89% → 1.9%Direct 0.79% → 0.78%

Jan 2026

1 change
  1. Expense ratio
    13 JanDirect 0.81% → 0.79%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Nov 2022 – now)

  1. Cheenu Gupta
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Abhishek Gupta
MainCoSlice2023202420252026
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.
12 changesRegularDirectΔ pt
9 Apr 20261.90%0.78%0.01
13 Jan 20261.89%0.79%0.02
11 Nov 20251.89%0.81%0.01
7 Jul 20251.90%0.82%0.01
6 Jun 20251.91%0.83%0.03
1 Apr 20251.93%0.86%0.03
10 Feb 20251.93%0.89%0.02
6 Jan 20251.91%0.87%0.01
4 Dec 20241.92%0.88%0.02
12 Nov 20241.94%0.90%0.01
8 Oct 20241.93%0.89%0.01
16 Sept 20241.94%0.90%–
Direct plan, 9 Apr 2026
0.78%
Regular plan 1.90% · 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 in both large cap and mid cap stocks. However, there is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
Type
An open ended equity scheme investing in both large cap and mid cap stocks.
Benchmark
NIFTY Large Midcap 250 TRI

Asset allocation it may hold% of NAV

  1. Equities & Equity related securities out of which
    Allowed80–100%Holds97.9%
  2. a)Large Cap Companies
    Allowed35–65%
  3. b)Mid Cap Companies
    Allowed35–65%
  4. c) Other than Large Cap and Mid Cap Companies
    Allowed0–30%
  5. Money market instruments and other liquid instruments
    Allowed0–20%Holds2.1%
  6. Units issued by InvITs
    Allowed0–10%Holds0.0%
  7. Units of Gold and Silver ETFs
    Allowed0–20%

Holds in Sept 2026.97.9% equity · 2.1% 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
Large & Mid Cap Fund
Offer
11 Mar 2019 to 25 Mar 2019
Started
28 Mar 2019
Reopened
4 Apr 2019
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/LMF/19/02/0022