Fundalysisby DARKHORSESTOCKS

Scheme

HSBC Small Cap Fund

Holds 108 companies worth ₹18,363 Cr in Sept 2026.

  • Fund house

    HSBCThe fund house that runs this scheme.

  • AUM

    ₹18,513 CrHSBC Small Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.0% on Aug 2026, ₹19,076 Cr.

  • Largest holding

    Apar Industries LimitedApar Industries Limited is 2.7% of this scheme's NAV.

  • Fund manager

    Venugopal ManghatRuns it since 17 Dec 2019, as the fund house dates it. With Mayank Chaturvedi (overseas), Dipan Parikh (gold & silver).

Overview(16 Sept 2026)

Fund managers3

  1. Venugopal ManghatFund manager · Dec 2019 · 33y · MBA
  2. Mayank ChaturvediOverseas · Oct 2025
  3. Dipan ParikhGold & silver · Aug 2026 · 29y · B.Com
  1. Sonal GuptaJul 2021 – Sept 2026
  2. Cheenu GuptaOct 2023 – Jun 2025

Key facts

Benchmark
NIFTY Small Cap 250 TRI
Risk
Very High
Expense
Regular 1.78% · Direct 0.76%
Exit load
10% within 1 year
Started
12 May 2014
Minimum
₹5,000

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 Jul 2021

Apr 2026

1 change
  1. Expense ratio
    9 AprRegular 1.7% → 1.72%Direct 0.7% → 0.77%

Mar 2026

1 change
  1. Expense ratio
    11 MarRegular 1.71% → 1.7%Direct 0.71% → 0.7%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Dec 2019 – now)

  1. Venugopal Manghat
  2. Mayank Chaturvedi
  3. Dipan Parikh
  4. Sonal Gupta
  5. Cheenu Gupta
MainCoSlice2020202120222023202420252026
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.
15 changesRegularDirectΔ pt
9 Apr 20261.72%0.77%0.07
11 Mar 20261.70%0.70%0.01
11 Feb 20261.71%0.71%0.01
13 Jan 20261.70%0.70%0.06
11 Nov 20251.67%0.64%0.01
10 Sept 20251.68%0.65%0.01
9 Aug 20251.67%0.64%0.02
7 Jul 20251.67%0.62%0.01
6 Jun 20251.68%0.63%0.01
6 May 20251.69%0.64%0.01
1 Apr 20251.70%0.65%0.02
10 Feb 20251.69%0.67%0.01
12 Nov 20241.68%0.68%0.01
8 Oct 20241.67%0.67%0.01
16 Sept 20241.68%0.68%–
Direct plan, 9 Apr 2026
0.77%
Regular plan 1.72% · 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 generate long term capital growth from an actively managed portfolio of equity and equity related securities of predominantly small cap companies. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity 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
At launch
Very High
Type
An open ended equity scheme predominantly investing in small cap stocks
Benchmark
NIFTY Small Cap 250 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related securities of small cap companies
    Allowed65–100%
  2. Equity & Equity related securities of other than small 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 - Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 12

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 - Small cap
Offer
22 Apr 2014 to 6 May 2014
Started
12 May 2014
Reopened
13 May 2014
Plans
HSBC Small Cap Fund - Direct Plan - Growth · HSBC Small Cap Fund - Direct Plan - IDCW · HSBC Small Cap Fund - Regular Plan - Growth · HSBC Small Cap 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/SCF/14/02/0023