HSBC Midcap Equity Fund

HSBC Midcap Equity Fund is being managed by Dhiraj Sachdev from Jan 2009. This fund’s performance has been below the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.


Where does HSBC Midcap Equity Fund invest your money?

HSBC Midcap Equity Fund is a small & mid cap fund which means most of your money is invested in medium and small size companies. It has about 31.46% allocation in stocks of mid cap companies and 68.54% in stocks of small cap companies. Mid cap companies can give bumper returns as they turn into large cap companies.

Suitable for what?
  • Creation of wealth
  • Lifestyle needs
Not suitable for?
  • Child's Education
  • Child's Marriage
  • Retirement Corpus
  • Buying Home
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has HSBC Midcap Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in May 2005 the value of your investments would be around Rs 1.76 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 79246. The performance has been poor as compared to other mutual funds in this category. The fund has been giving at around -4.5% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in HSBC Midcap Equity Fund through SIP for the last 5 years today you would have around Rs 6.17 lakhs.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of HSBC Midcap Equity Fund  is 2.85%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. HSBC Midcap Equity Fund does not qualify for sec 80C ELSS benefits.

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