Top HSBC Mutual Funds – SIP Schemes, Returns 2025

HSBC Mutual Fund has continued to scale its presence in the Indian mutual fund industry, closing FY2025 with an average AUM of ₹1,15,052.23 cr, up 11.28% year-on-year.

List of Top HSBC Mutual Funds for 2025

Here are the top HSBC MFs in India for 2025, sorted as per their AUM.

Name	AUM	NAV	Absolute Returns - 1Y	CAGR 3Y	CAGR 5Y	Expense Ratio	Exit Load	Volatility
HSBC Liquid Fund	16880.6	2688.9	6.7	7.1	5.8	0.1	0.0	0.1
HSBC Small Cap Fund	16040.8	88.0	-4.7	20.2	28.3	0.6	1.0	19.5
HSBC Value Fund	14342.4	126.3	9.2	24.7	25.2	0.8	1.0	15.2
HSBC Midcap Fund	12369.8	459.2	7.8	26.4	23.9	0.6	1.0	20.0
HSBC Corporate Bond Fund	6400.6	80.1	8.7	8.0	6.1	0.3	0.0	1.1
HSBC Aggressive Hybrid Fund	5546.1	65.0	7.8	17.1	15.5	0.8	1.0	13.8
HSBC Money Market Fund	5525.5	28.4	7.6	7.5	6.0	0.2	0.0	0.4
HSBC Flexi Cap Fund	5267.1	248.1	6.0	20.7	20.0	1.2	1.0	15.8
HSBC Multi Cap Fund	5033.2	19.7	7.2	0.0	0.0	0.6	1.0	16.1
HSBC Overnight Fund	4650.2	1384.4	6.0	6.4	5.4	0.1	0.0	0.0
HSBC Large & Mid Cap Fund	4613.2	30.3	5.2	22.0	21.5	0.8	1.0	17.9
HSBC Short Duration Fund	4438.4	28.8	8.6	7.9	6.0	0.3	0.0	1.0
HSBC Banking and PSU Debt Fund	4424.8	26.2	8.4	7.6	5.6	0.2	0.0	1.0
HSBC ELSS Tax saver Fund	4214.7	149.9	7.4	20.9	19.5	1.2	0.0	16.5
HSBC Ultra Short Duration Fund	3951.8	1407.5	7.4	7.4	6.1	0.2	0.0	0.4

Disclaimer: Please note that the above list of the HSBC mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Note: The data on the list of the best HSBC funds is from 24th November 2025. This data is derived from the Tickertape Mutual Funds Screener.

• AMC: HSBC Asset Management Limited
• Plan: Growth
• AUM: Sorted from highest to lowest

Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.

Overview of Top HSBC Mutual Funds

HSBC Liquid Fund

HSBC Liquid Fund invests in short-term money market and debt instruments within prescribed maturity limits. The fund’s outcomes generally reflect short-term interest rate movements and liquidity conditions. Portfolio holdings, maturity profile, and yield behaviour may vary based on the market environment, regulatory limits, and the internal investment framework.

HSBC Small Cap Fund

HSBC Small Cap Fund invests in companies classified as small-cap stocks as per SEBI guidelines. Returns and volatility may vary with market cycles, sentiment, and earnings growth trends in the small-cap segment. The sector mix, stock selection, and portfolio allocation reflect the fund’s investment approach and market opportunities.

HSBC Value Fund

HSBC Value Fund follows a value-based investment style, investing in companies perceived to be trading below their historical or intrinsic valuation ranges. Outcomes may differ across market cycles depending on sentiment, re-rating potential and earnings recovery. Portfolio strategy may evolve with valuation trends and broader equity conditions.

HSBC Midcap Fund

HSBC Midcap Fund invests in mid-sized companies as defined under SEBI’s mid-cap classification. Performance may reflect mid-cap valuation trends, business fundamentals and equity market cycles. The fund’s volatility, diversification, sector focus and stock selection depend on prevailing conditions and investment strategy.

HSBC Corporate Bond Fund

HSBC Corporate Bond Fund invests primarily in corporate debt securities, with a focus on higher-rated issuers. Returns may depend on interest rate trajectories, credit spreads and issuer performance. Portfolio duration, credit quality, and yield positioning vary based on market environment and regulatory framework.

HSBC Aggressive Hybrid Fund

HSBC Aggressive Hybrid Fund allocates a significant portion to equities, with the remainder in debt instruments. Portfolio performance may reflect both equity volatility and movements in debt-linked yields. Asset allocation, sector positioning and duration strategy may shift depending on market cycles and investment approach.

HSBC Money Market Fund

HSBC Money Market Fund invests in money market instruments within SEBI-defined maturity limits. The portfolio structure may include treasury bills, commercial papers and other short-term instruments. Outcomes depend on liquidity conditions, short-term interest rate movement and regulatory norms governing money market funds.

HSBC Flexi Cap Fund

HSBC Flexi Cap Fund invests across large, mid, and small-cap companies with a flexible allocation. Outcomes depend on equity market cycles, sector mix and valuation trends across market segments. The portfolio structure evolves based on strategy, opportunities, and market conditions.

HSBC Multicap Fund

HSBC Multicap Fund invests across large, mid, and small-cap categories, with mandated minimum allocations to each segment as per SEBI rules. Performance may reflect valuation conditions, diversification strategy and equity market trends across segments. Allocation, sector exposure, and stock selection vary with evolving opportunities.

HSBC Overnight Fund

HSBC Overnight Fund invests in overnight securities with a one-day maturity structure as per SEBI regulations. Returns may reflect prevailing short-term interest rate conditions. Portfolio composition typically includes short-duration money market instruments and may vary with liquidity trends and regulatory limits governing overnight funds.

Key Information About HSBC Asset Management

Parameter	Details
Name of AML	HSBC Asset Management (India) Private Limited
Incorporated in India	12 December 2001
Registered Office Address	9-11 Floors, NESCO IT Park, Building No. 3, Western Express Highway, Goregaon (East), Mumbai 400063
CIN (Company Identification Number)	U74140MH2001PTC134220
Relationship to Mutual Fund	Asset Management Company (AMC) to HSBC Mutual Fund; appointed by trustees under the Investment Management Agreement.
Number of schemes (as of 31 March 2024)	43 funds: 14 equity, 13 debt, 6 hybrid, 4 index, 7 fund-of-funds.
AUM under the Fund schemes (as of 31 March 2024)	₹1,033,886 mn (i.e., approx ₹1,03,388.6 cr) for the schemes of HSBC Mutual Fund.
Number of cities & locations (as of 31 March 2024)	Operations span 58 cities across 64 locations.
Empanelled Mutual Fund Distributors (MFDs)	59,568 distributors as of 31 March 2024

How to invest in HSBC Mutual Funds

You can easily start to invest in HSBC mutual funds by following these steps:

1. To invest in the best HSBC mutual funds, you can visit a mutual fund investment platform such as smallcase.
2. The next step is to research and identify the HSBC mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
3. Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.

Top Fund Managers of HSBC

Cheenu Gupta

Cheenu Gupta manages select equity strategies at HSBC Asset Management. Her role includes research, stock selection and ongoing portfolio tracking across assigned mandates. Her work reflects HSBC’s investment framework, sector evaluation methods and long-term approach to building equity portfolios within regulatory boundaries.

Siddharth Vora

Siddharth Vora contributes to investment management through research, macro assessment and portfolio construction responsibilities across relevant schemes. His role includes analysing market conditions, evaluating opportunities and maintaining alignment with HSBC’s investment process, fund objectives and risk-management principles.

Praveen Ayathan

Praveen Ayathan manages segments of equity and hybrid strategies, including arbitrage-linked allocations. His responsibilities include executing fund mandates, tracking market conditions, and maintaining portfolio discipline in accordance with HSBC’s investment structure, risk controls, and regulatory guidelines.

Asif Rizwi

Asif Rizwi is part of HSBC’s fixed-income investment team and contributes through research, portfolio strategy and instrument selection across relevant debt mandates. His work reflects market conditions, yield dynamics and regulatory limits applicable to the fixed-income category.

Abhishek Gupta

Abhishek Gupta manages select fixed-income schemes at HSBC Asset Management. His responsibilities include credit assessment, portfolio duration management and tracking macroeconomic indicators. His work aligns with HSBC’s fixed-income investment framework, compliance standards and risk-management approach.

Sonal Gupta

Sonal Gupta focuses on global and offshore-linked investment strategies and research within HSBC. Her role involves analysing global markets, evaluating themes and maintaining alignment with the investment mandate and regulatory considerations for cross-border investment products.

Mahesh Chhabria

Mahesh Chhabria manages certain debt schemes at HSBC. His work includes interest rate evaluation, issuer selection and fund-level compliance oversight. Portfolio positioning may vary based on economic conditions, risk parameters and regulatory limits relevant to the debt category.

Gautam Bhupal

Gautam Bhupal manages equity portfolios at HSBC Asset Management. His role includes stock-level analysis, sector evaluation, and ongoing portfolio maintenance in accordance with the fund’s mandate. Investment style, allocation decisions and risk controls follow HSBC’s broader equity framework.

Taxation on HSBC Mutual Funds

Mutual Fund Category	Type of Gain	Holding Period	Applicable Tax Rate
Equity Funds (includes equity-oriented hybrid funds, flexi-cap, small-cap, mid-cap, multi-cap, etc.)	Short-Term Capital Gains (STCG)	Less than 12 months	20%
	Long-Term Capital Gains (LTCG)	More than 12 months	12.5% (gains up to ₹1.25 lakh exempt)
Debt Funds (corporate bond, liquid, money market, etc.)	Short-Term Capital Gains (STCG)	Less than 36 months	Taxed as per the individual income tax slab
	Long-Term Capital Gains (LTCG)	More than 36 months	12.50%
Hybrid Funds (Non-Equity Oriented)	STCG	Less than 36 months	Taxed as per the individual income tax slab
	LTCG	More than 36 months	12.50%
International Funds / Fund of Funds	STCG	Less than 36 months	Taxed as per the individual income tax slab
	LTCG	More than 36 months	12.50%
Arbitrage Funds	STCG	Less than 12 months	20%
	LTCG	More than 12 months	12.5% (₹1.25 lakh exemption applies)

Documents Required To Invest in HSBC Mutual Funds

To invest in HSBC Mutual Funds, certain documents are required as part of the regulatory onboarding and verification process.

• PAN card (mandatory for most investors)
• Aadhaar or accepted address proof such as Passport, Driving License or Voter ID
• Bank account details, including account number, IFSC and a cancelled cheque or passbook copy
• Completed KYC or CKYC verification through a registered KRA
• FATCA/CRS declaration, where applicable
• Additional documents for NRIs, such asa passport, overseas address proof or OCI/PIO card, based on regulatory requirements

Risks of Investing in HSBC Mutual Funds

• Market Risk: Equity schemes may experience fluctuations due to market conditions, company performance, or sector trends. Prices can move up or down depending on sentiment and economic factors.
• Interest Rate Risk: Debt funds may be affected by changes in interest rates. When rates rise, the value of existing debt securities may decline, which can influence short-term fund behaviour.
• Credit Risk: Certain debt instruments may be subject to issuer downgrades or defaults. The impact depends on the credit quality of securities held in the portfolio.
• Liquidity Risk: During periods of low market participation or volatility, buying or selling securities may become challenging, potentially affecting the fund’s ability to execute trades efficiently.
• Category-Specific Risk: Each scheme category carries its own risk characteristics—for example, small-cap equity funds may be more volatile, while international funds may carry currency exposure.

Factors to Consider While Investing in HSBC Mutual Funds

• Fund Category and Objective: Different schemes follow distinct mandates such as growth, income, or asset allocation. The behaviour of each category varies depending on its strategy and underlying assets.
• Costs and Charges: Expense ratios, exit loads, and other applicable charges may influence the net return. These costs vary across schemes and share classes.
• Historical Behaviour: Past performance data may help understand how a fund responded to different market phases, though it does not indicate future outcomes.
• Portfolio Composition: Asset mix, diversification, and sector positions vary across funds and may change over time in line with the portfolio strategy or market environment.
• Investment Horizon and Risk Tolerance: Certain schemes may suit longer durations due to volatility or return patterns, while others may behave differently over shorter periods. Individual tolerance for fluctuations also influences expectations.

To Wrap Up…

HSBC Mutual Fund offers a range of schemes across equity, debt, hybrid and other categories, each designed with different structures, investment styles and risk levels. Performance can vary based on market behaviour, fund strategy and costs. Understanding these factors may help set realistic expectations. Investors can explore and invest in mutual funds through smallcase after carrying out their own research or consulting a financial professional.

Frequently Asked Questions About HSBC Mutual Funds