Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Midcap Fund

Holds 72 companies worth ₹16,671 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹16,800 CrHSBC Midcap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.3% on Aug 2026, ₹17,188 Cr.

  • Largest holding

    Lenskart Solutions LimitedLenskart Solutions Limited is 5.1% of this scheme's NAV.

  • Fund manager

    Cheenu 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. Cheenu GuptaFund manager · Mar 2024 · 20y · CFA PGDM B.E.
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaMar 2024 – Sept 2026
  2. Venugopal ManghatMar 2024 – Jun 2025

Key facts

Benchmark
NIFTY Midcap 150 TRI
Risk
Very High
Expense
Regular 2.27% · Direct 1.2%
Exit load
10% within 1 year
Started
9 Aug 2004
Minimum
₹5,000

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 Mar 2024

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 1.72% → 1.73%Direct 0.65% → 0.66%

Jan 2026

1 change
  1. Expense ratio
    13 JanRegular 1.71% → 1.72%Direct 0.64% → 0.65%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Mar 2024 – now)

  1. Cheenu Gupta
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Venugopal Manghat
MainCoSlice20252026
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.
13 changesRegularDirectΔ pt
9 Apr 20261.73%0.66%0.01
13 Jan 20261.72%0.65%0.01
11 Nov 20251.71%0.64%0.01
13 Oct 20251.71%0.65%0
10 Sept 20251.72%0.65%0
9 Aug 20251.71%0.65%0.01
7 Jul 20251.71%0.66%0.02
6 Jun 20251.73%0.68%0.01
10 Feb 20251.74%0.69%0.02
6 Jan 20251.72%0.67%0.01
12 Nov 20241.73%0.68%0.02
8 Oct 20241.71%0.66%0.01
16 Sept 20241.72%0.67%–
Direct plan, 9 Apr 2026
0.66%
Regular plan 1.73% · 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

The investment objective of the Scheme to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly mid cap companies. 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
At launch
Very High
Type
An open ended equity scheme predominantly investing in mid cap stocks
Benchmark
NIFTY Midcap 150 TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related securities midcap companies
    Allowed65–100%
  2. Equity and Equity related securities of other than mid cap companies
    Allowed0–35%
  3. Money market instruments and other liquid instruments
    Allowed0–35%Holds0.8%
  4. Units issued by InvITs
    Allowed0–10%Holds0.0%
  5. Units of Gold and Silver ETFs
    Allowed0–35%

Holds in Sept 2026.99.2% equity · 0.8% 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 - Weekly, Monthly, Quarterly, Fortnightly, Daily (Business Days)
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-Equity- Midcap
Offer
25 Jun 2004 to 23 Jul 2004
Started
9 Aug 2004
Reopened
10 Aug 2004
Plans
HSBC Midcap Fund - Direct Plan - Growth · HSBC -HSBC Midcap Fund Direct Plan - IDCW · HSBC HSBC Midcap Fund - Regular Plan - Growth · HSBC Midcap Fund - Regular Plan - 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
LTMF/O/E/MIF/04/06/0006