HealthyDirect · GrowthFit for a long SIP
HSBC Financial Services fund
HSBC Mutual FundEquity Schemes - Thematic Fund1.7 years
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services businesses.
- NAV
- 11.7736
- 30 Oct 2026
- 1Y
- -1.9%
- Trailing CAGR
- AUM
- ₹902.72 Cr
- 30 Sept 2026
- Volatility
- High
- 17.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 1-year windows.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Fail
1.7 years - thin for judging consistency.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.99% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -14.8%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Mayank Chaturvedi · 1.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 54.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 15%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-1.9%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+10.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-6.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +10.3%
- Calendar-day CAGR
- Excess 1Y
- +2.5%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -14.8%
- Worst peak-to-trough
- Current
- -10.6%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 9 days
- 26 recovered episodes
- Longest recovery
- 52 days
- Trough to prior peak
18 Feb 2026 – 7 May 2026
Trough 30 Mar 2026 · recovered in 38 days
-14.8%
26 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-11.7%
16 Jul 2025 – 20 Oct 2025
Trough 29 Aug 2025 · recovered in 52 days
-7.8%
7 May 2026 – 18 Jun 2026
Trough 8 Jun 2026 · recovered in 10 days
-6.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
18
Vs category
66
Consistency
100
Risk-adjusted
41
Drawdown
63
Mean
58
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 1-year windows.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 38 holdings · top 10 are 54.8%.
- Top 5
- 33.7%
- Top 10
- 54.8%
- Largest holding
- 9.3%
- Effective holdings
- 23.2
ICICI Bank Ltd
Financial
9.3%
HDFC Bank Ltd
Financial
9.3%
Axis Bank Ltd
Financial
5.1%
Repo
Unspecified
5.1%
Nippon Life India Asset Management Ltd
Financial
4.9%
What changed
DECISION
Status moved from MONITOR to HEALTHY.
16 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Nippon India Active Momentum Fund
Nippon India Mutual Fund
- 1Y
- +1.8%
- 3Y
- n/a
- Vol
- 15.2%
- Max DD
- -12.6%
- Sharpe
- 0.52
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual Fund
- 1Y
- -4.5%
- 3Y
- +15.7%
- Vol
- 15.7%
- Max DD
- -21.4%
- Sharpe
- 0.55
- 3Y win
- +100%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Mirae Asset Great Consumer Fund
Mirae Asset Mutual Fund
- 1Y
- -8.4%
- 3Y
- +9.9%
- Vol
- 14.5%
- Max DD
- -35.5%
- Sharpe
- 0.72
- 3Y win
- +71%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Nippon India Consumption Fund
Nippon India Mutual Fund
- 1Y
- -11.3%
- 3Y
- +8.5%
- Vol
- 15.7%
- Max DD
- -31.0%
- Sharpe
- 0.48
- 3Y win
- +46%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
360 ONE QUANT FUND
360 ONE Mutual Fund
- 1Y
- -8.8%
- 3Y
- +13.2%
- Vol
- 16.6%
- Max DD
- -22.4%
- Sharpe
- 0.55
- 3Y win
- +91%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER