MonitorDirect · GrowthWatch before adding
HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)
HSBC Mutual FundFund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic)12.5 years
The scheme seeks to provide long term total return primarily by seeking capital appreciation through an active asset allocation with diversification commensurate with the risk profile of investments by investing predominantly in units of equity mutual funds as well as in a basket of debt mutual funds, gold ETFs and other ETFs, offshore mutual funds and money market instruments.
- NAV
- 24.2024
- 29 Oct 2026
- 1Y
- +4.5%
- Trailing CAGR
- AUM
- ₹527.51 Cr
- 30 Sept 2026
- Volatility
- Low
- 3.2% annualized
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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Axis Silver Fund of Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
12.5 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.15% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -5.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
16% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Asif Rizwi · 1.6 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
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+4.5%
- 3Y+7.4%
- 5Y+6.2%
- 10Y+6.4%
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.4%
- 3Y+5.8%
- 5Y+6.6%
- 10Y+6.5%
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- +16%
- Windows beating the median
- 3Y percentile
- 13
- Vs comparable share classes
- SIP 3Y XIRR
- +5.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.9%
- 2298 daily-ending windows
- Median rolling 3Y
- +6.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1816 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -5.1%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 23 days
- Days below latest peak
- Time below peak
- +70%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 273 recovered episodes
- Longest recovery
- 136 days
- Trough to prior peak
14 Feb 2020 – 6 Jul 2020
Trough 23 Mar 2020 · recovered in 105 days
-5.1%
3 Jun 2019 – 24 Oct 2019
Trough 10 Jun 2019 · recovered in 136 days
-4.0%
4 Apr 2022 – 11 Aug 2022
Trough 16 Jun 2022 · recovered in 56 days
-3.0%
1 Dec 2016 – 12 Jan 2017
Trough 26 Dec 2016 · recovered in 17 days
-2.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
13
Vs category
50
Consistency
24
Risk-adjusted
48
Drawdown
87
Mean
44
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 5 holdings · top 10 are 100.0%.
- Top 5
- 100.2%
- Top 10
- 100.0%
- Largest holding
- 36.8%
- Effective holdings
- 3.5
HSBC Arbitrage Fund Direct-Growth
Unspecified
36.8%
HSBC Short Term Fund Direct-Growth
Unspecified
32.2%
HSBC Corporate Bond Direct-Growth
Unspecified
15.2%
HSBC Banking and PSU Debt Fund Direct-Growth
Unspecified
15.0%
Repo
Unspecified
1.0%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Silver Fund of Fund
Axis Mutual Fund
- 1Y
- +27.9%
- 3Y
- +36.6%
- Vol
- 35.1%
- Max DD
- -49.4%
- Sharpe
- 0.87
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Baroda BNP Paribas Gold ETF Fund of Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +16.3%
- 3Y
- n/a
- Vol
- 33.1%
- Max DD
- -26.0%
- Sharpe
- 0.86
- 3Y win
- n/a
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Mirae Asset Hang Seng TECH ETF Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -25.4%
- 3Y
- +14.3%
- Vol
- 36.5%
- Max DD
- -47.8%
- Sharpe
- 0.04
- 3Y win
- +34%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -11.9%
- 3Y
- +7.4%
- Vol
- 14.0%
- Max DD
- -17.9%
- Sharpe
- 0.33
- 3Y win
- +20%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
UTI Silver ETF Fund of Fund
UTI Mutual Fund
- 1Y
- +27.8%
- 3Y
- +36.7%
- Vol
- 37.9%
- Max DD
- -48.6%
- Sharpe
- 0.67
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown