MonitorDirect · GrowthWatch before adding
HSBC Multi Asset Active FOF (erstwhile HSBC Managed Solutions India - Moderate Fund)
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
- 42.5594
- 29 Oct 2026
- 1Y
- +4.9%
- Trailing CAGR
- AUM
- ₹114.79 Cr
- 30 Sept 2026
- Volatility
- Medium
- 11.0% 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 · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Aditya Birla Sun Life Silver ETF FOF 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
0.59% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -25.4%. Ask whether you can hold through a similar fall.
Vs category
Watch
55% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Gautam Bhupal · 11.0 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 ≈ 95.2% 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+4.9%
- 3Y+14.3%
- 5Y+10.9%
- 10Y+11.5%
- SI+12.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-0.5%
- 3Y+9.3%
- 5Y+12.2%
- 10Y+12.4%
- Since inception
- +12.3%
- Calendar-day CAGR
- Excess 1Y
- +0.4%
- Category median, same plan and option
- 3Y win rate
- +55%
- Windows beating the median
- 3Y percentile
- 38
- Vs comparable share classes
- SIP 3Y XIRR
- +9.3%
- Simulated monthly SIP
- Worst rolling 3Y
- -2.9%
- 2305 daily-ending windows
- Median rolling 3Y
- +12.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1823 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -25.4%
- Worst peak-to-trough
- Current
- -6.7%
- Below last peak
- Current spell
- 64 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 170 recovered episodes
- Longest recovery
- 328 days
- Trough to prior peak
12 Feb 2020 – 8 Oct 2020
Trough 23 Mar 2020 · recovered in 199 days
-25.4%
17 Jan 2022 – 11 May 2023
Trough 17 Jun 2022 · recovered in 328 days
-15.0%
29 Jan 2026 – 5 Aug 2026
Trough 23 Mar 2026 · recovered in 135 days
-12.9%
23 Jan 2018 – 27 May 2019
Trough 26 Oct 2018 · recovered in 213 days
-11.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
38
Vs category
53
Consistency
54
Risk-adjusted
56
Drawdown
37
Mean
47
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
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 12 holdings · top 10 are 95.2%.
- Top 5
- 67.9%
- Top 10
- 95.2%
- Largest holding
- 13.6%
- Effective holdings
- 9.1
HSBC Value Fund Direct-Growth
Unspecified
13.6%
HSBC India Opportunities Fund Direct-Growth
Unspecified
13.6%
HSBC Large and Mid Cap Fund Direct - Growth
Unspecified
13.6%
HSBC Multi Cap Fund Direct - Growth
Unspecified
13.6%
HSBC Focused Fund Direct - Growth
Unspecified
13.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Silver ETF FOF
Aditya Birla Sun Life Mutual Fund
- 1Y
- +27.0%
- 3Y
- +36.2%
- Vol
- 34.3%
- Max DD
- -49.0%
- Sharpe
- 0.68
- 3Y win
- +85%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
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
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
Zerodha Silver ETF FoF
Zerodha Mutual Fund
- 1Y
- +27.1%
- 3Y
- n/a
- Vol
- 54.4%
- Max DD
- -49.7%
- Sharpe
- 0.92
- 3Y win
- n/a
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown