HSBC India Export Opportunities Fund
Direct · GrowthAI Summary
HSBC India Export Opportunities Fund delivered a 1Y SIP XIRR of 15.11%, outperforming the thematic category average of 11.71% by 3.40 percentage points. However, lump-sum performance has been muted, with a 1Y rolling return mean of 10.87% and weak calendar year returns of 0.60% in 2024, 1.71% in 2025, and 12.25% in 2026. The recent 2026 calendar year return of 12.25% suggests improving momentum after two flat years.
The fund shows a maximum drawdown of only -0.21% with one drawdown event exceeding 10%, though the 395-day recovery period from max drawdown indicates drawdowns can take over a year to heal. The Calmar Ratio of 0.5012 over 1Y reflects moderate risk-adjusted efficiency, meaning returns have not fully compensated for drawdown duration. Overall, the risk profile appears manageable, but the long recovery time warrants patience from investors.
The portfolio is well diversified across 47 holdings, with the top 10 positions each capped below 4% of NAV, led by GE Vernova T&D India (3.97%) and Reliance Industries (3.93%). Sector exposure is spread across Pharmaceuticals & Biotechnology (11.8%), Electrical Equipment (7.4%), and Textiles & Apparels (7.3%), with no single sector dominating. This balanced allocation reduces single-stock and single-sector concentration risk.
The fund's 1Y XIRR of 15.11% places it ahead of the category average of 11.71%, indicating competitive recent performance among thematic peers. However, calendar year returns of 0.60% (2024) and 1.71% (2025) show inconsistency, with performance concentrated in 2026. Investors should recognize that thematic funds like this one tend to be cyclical, and sustained outperformance versus the category is not yet established over longer horizons.
This fund suits investors with a high risk tolerance and an investment horizon of at least 5-7 years, given the thematic nature and the 395-day drawdown recovery period. It is appropriate as a satellite allocation rather than a core holding, ideally for investors who already have diversified large-cap or flexi-cap exposure. Those uncomfortable with multi-year flat stretches, as seen in 2024 and 2025, should avoid or limit exposure.
- 1Y SIP XIRR of 15.11% outperforms the category average of 11.71% by 3.40 percentage points
- Diversified portfolio of 47 holdings with no single stock exceeding 4% of NAV
- Low maximum drawdown of -0.21% with only one drawdown event exceeding 10%, indicating contained downside in the measured period
- Weak calendar year returns of 0.60% in 2024 and 1.71% in 2025 highlight inconsistency and prolonged flat periods
- 395-day recovery from maximum drawdown suggests investors may need to wait over a year to regain losses
- Thematic exposure to export-oriented sectors introduces cyclicality risk tied to global demand
Generated on 21-10-2026, 3:08 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.71 L | 14.2% | -16.9% | 43.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 14.2% | 11.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 10.3% | 10.7% | -3.4% | 28.2% | 0.50 | 1.24 | 91% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | GE Vernova T&D India Limited | 3.97% |
| 2 | Reliance Industries Limited | 3.93% |
| 3 | Pearl Global Industries Limited | 3.81% |
| 4 | Hindalco Industries Limited | 3.79% |
| 5 | Larsen & Toubro Limited | 3.49% |
| 6 | Garware Hi-Tech Films Ltd | 3.02% |
| 7 | Divi''s Laboratories Limited | 2.99% |
| 8 | WOCKHARDT LTD | 2.94% |
| 9 | National Aluminium Company Limited | 2.93% |
| 10 | Varun Beverages Limited | 2.91% |