HSBC Mutual Fund Review: Top Funds, AUM & How to Invest
HSBC Mutual Fund manages ₹1.58 lakh crore across 42 schemes. Explore top-ranked funds, key AMC details, and how to start a SIP or invest online.
HSBC Mutual Fund is a SEBI-registered asset management company sponsored by HSBC Securities and Capital Markets (India) Private Limited, incorporated on 27 May 2002. It manages ₹1,57,695.29 crore (approximately ₹1.58 lakh crore) across 42 schemes covering equity, debt, and hybrid categories. With 24 years of operating history in India, it brings institutional investment management to retail investors across the country.
Key takeaways
- HSBC Mutual Fund was incorporated on 27 May 2002 and has 24 years of operating history in India.
- The fund house manages ₹1,57,695.29 crore (approx. ₹1.58 lakh crore) in assets under management across 42 schemes.
- It is sponsored by HSBC Securities and Capital Markets (India) Private Limited and holds SEBI registration number MF/046/02/5.
- The AMC is led by CEO Kailash Kulkarni, with Venugopal Manghat as Equity CIO and Shriram Ramanathan as Debt CIO.
- The fund lineup spans liquid, debt, hybrid, and equity categories, covering a broad range of investor risk profiles.
What Is HSBC Mutual Fund?
HSBC Mutual Fund operates through HSBC Asset Management (India) Private Limited, a wholly-owned subsidiary of HSBC Securities and Capital Markets (India) Private Limited. It was constituted under the Indian Trusts Act of 1882 and received its SEBI registration on 27 May 2002 under registration number MF/046/02/5. The fund house has served more than 1 million customers through over 1,000 offices spread across India.
The trustee function is handled by HSBC Trustees (India) Private Limited, which provides independent oversight of investor interests. The AMC's registered office is at 9–11th Floor, NESCO IT Park Building 3, Western Express Highway, Goregaon East, Mumbai 400063. Its sponsor, HSBC, is recognised globally as the world's 7th largest bank by total assets and revenues.
HSBC Mutual Fund at a Glance
The table below captures the fund house's key details in one place.
| Field | Detail |
|---|---|
| Total AUM | ₹1,57,695.29 crore (about ₹1.58 lakh crore) |
| Number of schemes | 42 |
| AMC age | 24 years |
| Incorporation date | 27 May 2002 |
| Sponsors | HSBC Securities and Capital Markets (India) Private Limited |
| Trustee organisation | HSBC Trustees (India) Private Limited |
| CIO | Venugopal Manghat(Chief Investment Officer-Equity), Shriram Ramanathan(Chief Investment Officer-Debt) |
| MD | Mr. Kailash Kulkarni |
| CEO | Kailash Kulkarni(Chief Executive Officer) |
| Compliance officer | Mr. Sumesh Kumar |
| Address | 9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai 400063 |
Top 10 HSBC Mutual Funds Ranked by Invo Wealth's Internal Score
The 10 funds below are ranked by Invo Wealth's internal quality score and span multiple risk categories — from near-zero-risk liquid funds to high-growth equity and midcap funds.
Returns Across Time Horizons
Among equity-oriented funds, the HSBC Midcap Fund has delivered 23.51% over three years and 21.78% over one year, reflecting the higher return potential of mid-cap investing. The HSBC ELSS Tax Saver Fund, a tax-saver fund category, has returned 15.87% over three years. On the debt side, the HSBC Credit Risk Fund has posted a three-year return of 10.97%. For conservative investors, the HSBC Liquid Fund and HSBC Money Market Fund have generated returns in the 6–7% range across 6-month and 1-year periods.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| HSBC Liquid Fund | Liquid Fund | 7.00% | 6.42% | 6.89% | 6.25% |
| HSBC Ultra Short to Short Term Fund | Low Duration Fund | 6.68% | 6.10% | 7.44% | -- |
| HSBC Corporate Bond Fund | Corporate Bond Fund | 5.52% | 5.45% | 7.13% | -- |
| HSBC Credit Risk Fund | Credit Risk Fund | 6.52% | 6.02% | 10.97% | -- |
| HSBC Money Market Fund | Money Market Fund | 7.04% | 6.37% | 7.11% | -- |
| HSBC Equity Savings Fund | Equity Savings Fund | 13.45% | 7.55% | 12.17% | -- |
| HSBC Midcap Fund | Mid Cap Fund | 45.86% | 21.78% | 23.51% | -- |
| HSBC Arbitrage Fund | Arbitrage Fund | 5.60% | 5.79% | 6.57% | -- |
| HSBC Medium Term Fund | Medium Duration Fund | 5.18% | 5.24% | 7.12% | -- |
| HSBC ELSS Tax saver Fund | ELSS (Tax Saver) Fund | 18.58% | 7.11% | 15.87% | -- |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Risk and Volatility Metrics
The HSBC Liquid Fund has the lowest volatility of 0.21% and a near-zero maximum drawdown of -0.01%, making it appropriate for very short-term cash management. The HSBC Midcap Fund carries a volatility of 22.40% and a maximum drawdown of -26.12%, consistent with its equity risk profile. Investors should review volatility, maximum drawdown, and Sortino ratio together for a fuller picture of risk-adjusted performance.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| HSBC Liquid Fund | INF336L01BN7 | 6.01% | 0.21% | -0.01% | -1.55 |
| HSBC Ultra Short to Short Term Fund | INF677K01452 | 7.65% | 1.07% | -0.24% | 1.44 |
| HSBC Corporate Bond Fund | INF917K01AH0 | 7.39% | 1.38% | -0.72% | 0.15 |
| HSBC Credit Risk Fund | INF917K01130 | 11.61% | 7.90% | -0.41% | 7.22 |
| HSBC Money Market Fund | INF917K01BC9 | 7.18% | 0.50% | -0.17% | 0.49 |
| HSBC Equity Savings Fund | INF917K01AA5 | 13.78% | 8.68% | -11.66% | 0.80 |
| HSBC Midcap Fund | INF917K01254 | 26.92% | 22.40% | -26.12% | 1.00 |
| HSBC Arbitrage Fund | INF917K01QL8 | 6.80% | 1.23% | -0.33% | -0.55 |
| HSBC Medium Term Fund | INF917K01TH0 | 7.52% | 1.49% | -0.59% | 0.12 |
| HSBC ELSS Tax saver Fund | INF677K01064 | 20.00% | 20.00% | -19.34% | 0.61 |
How to Invest in HSBC Mutual Funds
Investing in HSBC Mutual Fund is available through both online and offline routes. For SIP investments, you need to decide your monthly investment amount, investment tenure, and expected rate of return before you begin. You can grow contributions over time using a step-up or top-up SIP facility — confirm availability with the fund house first and use a step-up calculator to plan the revised amount.
To redeem, visit a fund house office with a redemption form, log in to the AMC website using your folio number, or withdraw through the online platform where you invested. To cancel a SIP, place a Cancel SIP request on the AMC website or through your investment platform.
Sign up on Invo Wealth to get complete portfolio insights and start investing in HSBC Mutual Fund schemes that match your financial goals.
Conclusion
HSBC Mutual Fund brings 24 years of operating experience in India, a well-diversified lineup of 42 schemes, and ₹1,57,695.29 crore in assets under management. Its range covers conservative investors through liquid and money market funds, and growth-oriented investors through midcap and ELSS offerings. Reviewing returns alongside risk metrics — particularly volatility, maximum drawdown, and Sortino ratio — gives the clearest picture before selecting a fund.
Frequently asked questions
How do I start a SIP in HSBC Mutual Fund online?
You can start an HSBC Mutual Fund SIP online through Invo Wealth or directly on the AMC's own website. Several other online platforms and mobile applications also allow you to invest in HSBC Mutual Fund schemes without any hassle.
How is an HSBC Mutual Fund SIP amount calculated?
To calculate your SIP maturity value, you need the monthly investment amount, SIP tenure, expected rate of return, and the number of SIPs already paid if you have an ongoing plan. Entering these inputs into a SIP calculator gives you an estimate of the corpus at the end of the investment period.
How do I redeem my HSBC Mutual Fund investment?
Offline, you can visit the nearest fund house office and submit a redemption form. Online, log in to the AMC's website with your folio number or initiate the withdrawal through any investment platform where you originally invested.
Can I increase my SIP amount in HSBC Mutual Fund?
Yes, a step-up or top-up SIP facility allows you to increase your contribution periodically. It is advisable to confirm this facility directly with the fund house, and you can use a step-up calculator to work out the revised SIP amount before making a decision.
How do I stop or cancel an HSBC Mutual Fund SIP online?
You can stop a SIP at any time by placing a Cancel SIP request. Log in to the AMC's website with your folio number, contact your agent, or follow the cancellation steps on the online investment platform where you had set up the SIP.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).