HealthyDirect · GrowthFit for a long SIP
HSBC Focused Fund
HSBC Mutual FundEquity Schemes - Focused Fund6.3 years
The Scheme seeks long term capital growth through investments in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalization.
- NAV
- 27.9544
- 29 Oct 2026
- 1Y
- +1.2%
- Trailing CAGR
- Upside capture
- +106%
- Vs NIFTY 500 TRI
- Downside capture
- +102%
- Lower is better
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 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 · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
6.3 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
1.08% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -21.2%. Ask whether you can hold through a similar fall.
Vs category
Fail
29% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dipan S. Parikh · 0.2 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 ≈ 46.7% 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 21%. 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+1.2%
- 3Y+13.8%
- 5Y+10.9%
- 10Yn/a
- SI+17.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.0%
- 3Y+6.2%
- 5Y+11.5%
- 10Yn/a
- Since inception
- +17.9%
- Calendar-day CAGR
- Excess 1Y
- +8.2%
- Category median, same plan and option
- 3Y win rate
- +29%
- Windows beating the median
- 3Y percentile
- 78
- Vs comparable share classes
- SIP 3Y XIRR
- +6.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +11.2%
- 800 daily-ending windows
- Median rolling 3Y
- +18.5%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 309 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- +8.8%
- Fund minus TRI
- 3Y excess
- +3.4%
- Fund minus TRI
- Upside capture
- +106%
- Benchmark-up months
- Downside capture
- +102%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -21.2%
- Worst peak-to-trough
- Current
- -8.0%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 82 recovered episodes
- Longest recovery
- 355 days
- Trough to prior peak
17 Jan 2022 – 7 Jun 2023
Trough 17 Jun 2022 · recovered in 355 days
-21.2%
11 Dec 2024 – 23 Dec 2025
Trough 3 Mar 2025 · recovered in 295 days
-20.7%
7 Jan 2026 – 19 Jun 2026
Trough 23 Mar 2026 · recovered in 88 days
-13.9%
25 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-11.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
78
Vs category
100
Consistency
33
Risk-adjusted
64
Drawdown
47
Mean
64
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
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 29 holdings · top 10 are 46.7%.
- Top 5
- 27.2%
- Top 10
- 46.7%
- Largest holding
- 7.8%
- Effective holdings
- 25.6
ICICI Bank Ltd
Financial
7.8%
HDFC Bank Ltd
Financial
6.5%
Shriram Transport Finance Company Ltd
Financial
4.3%
Larsen & Toubro Ltd
Industrials
4.3%
Multi Commodity Exchange Of India Ltd
Financial
4.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Canara Robeco Focused Fund
Canara Robeco Mutual Fund
- 1Y
- -8.3%
- 3Y
- +12.8%
- Vol
- 13.4%
- Max DD
- -18.1%
- Sharpe
- 0.61
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Invesco India Focused Fund
Invesco Mutual Fund
- 1Y
- +3.0%
- 3Y
- +21.2%
- Vol
- 15.2%
- Max DD
- -22.0%
- Sharpe
- 0.96
- 3Y win
- +96%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Mahindra Manulife Focused Fund
Mahindra Manulife Mutual Fund
- 1Y
- -8.3%
- 3Y
- +12.7%
- Vol
- 14.2%
- Max DD
- -16.5%
- Sharpe
- 0.88
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
ICICI Prudential Focused Fund
ICICI Prudential Mutual Fund
- 1Y
- -4.8%
- 3Y
- +16.9%
- Vol
- 15.1%
- Max DD
- -34.1%
- Sharpe
- 0.63
- 3Y win
- +47%
- Lower volatility
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER
Axis Focused Fund
Axis Mutual Fund
- 1Y
- -5.7%
- 3Y
- +10.1%
- Vol
- 15.8%
- Max DD
- -33.7%
- Sharpe
- 0.49
- 3Y win
- +46%
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns