HSBC Value Fund
Direct · GrowthAI Summary
HSBC Value Fund has delivered strong SIP XIRR returns of 24.10% over 1 year, 19.27% over 3 years, and 17.97% over 5 years, consistently outperforming the category average SIP XIRR by 6.4, 1.8, and 1.2 percentage points respectively. The fund has also beaten the NIFTY50 VALUE 20 benchmark by a wide margin across all time periods, with alpha ranging from 4.78% (10Y) to 12.64% (3Y).
The fund exhibits moderate volatility with a beta below 1.0 across all periods (0.89-0.99), indicating lower sensitivity to benchmark movements. Maximum drawdown is -42.96% with a recovery period of 253 days, and the Calmar ratio improves with longer horizons, reaching 0.47 over 12 years, suggesting better risk-adjusted returns over extended periods. The fund has experienced 8 drawdown events exceeding 10%, reflecting inherent equity market risks.
The portfolio is well-diversified with 83 holdings, with top 10 holdings accounting for approximately 31.7% of NAV. Sector concentration is moderate, with Banks (24.9%) and Finance (9.0%) being the largest exposures, followed by Textiles, Industrial Products, and Construction. Top holdings include HDFC Bank, ICICI Bank, and Karur Vysya Bank, indicating a significant tilt towards financials.
HSBC Value Fund consistently outperforms its category peers across all time horizons, with XIRR returns exceeding category averages by 1.2 to 6.4 percentage points. The fund has delivered positive returns in 12 of the last 14 calendar years, with only 2018 showing a negative return (-10.22%), demonstrating resilience and consistency. Its long-term performance (10Y and 12Y) remains robust, with XIRR of 18.93% and 18.79% respectively, well above category averages.
This fund is suitable for investors with a long-term investment horizon of at least 5-7 years who can tolerate moderate equity market volatility. It is particularly appealing to those seeking value-oriented exposure with a track record of outperforming both the benchmark and category peers. Investors should have a medium-to-high risk tolerance, as the fund can experience drawdowns of over 40% during market downturns, but has historically recovered well.
- Consistent outperformance over category and benchmark across all time periods, with alpha ranging from 4.78% to 12.64%
- Lower downside capture (82-87%) compared to upside capture (91-103%) across all periods, indicating better protection during market declines
- Strong long-term risk-adjusted returns, with Calmar ratio improving to 0.47 over 12 years
- High sector concentration in Banks (24.9%) and Finance (9.0%), which could lead to sector-specific risks if the financial sector underperforms
- Significant maximum drawdown of -42.96% and 8 drawdown events exceeding 10%, which may be challenging for risk-averse investors
Generated on 30-08-2026, 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 | ₹12.94 L | 24.1% | -61.2% | 124.4% |
| 3 Years | ₹36.00 L | ₹48.68 L | 19.3% | -26.9% | 40.4% |
| 5 Years | ₹60.00 L | ₹93.40 L | 18.0% | -11.2% | 34.8% |
| 7 Years | ₹84.00 L | ₹1.55 Cr | 17.7% | -0.2% | 27.3% |
| 10 Years | ₹1.20 Cr | ₹3.23 Cr | 18.9% | 15.6% | 22.4% |
| 12 Years | ₹1.44 Cr | ₹4.83 Cr | 18.8% | 16.3% | 21.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 24.1% | 15.2% | 17.7% | +8.9% |
| 3 Years | 19.3% | 13.1% | 17.4% | +6.1% |
| 5 Years | 18.0% | 13.7% | 16.7% | +4.3% |
| 7 Years | 17.7% | 13.4% | 16.1% | +4.3% |
| 10 Years | 18.9% | 13.7% | 16.6% | +5.2% |
| 12 Years | 18.8% | 14.2% | 16.4% | +4.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 23.0% | 15.2% | -35.4% | 103.5% | 0.64 | 2.56 | 87% | — | — |
| 3 Years | 19.8% | 21.1% | -9.4% | 39.6% | 1.35 | 5.40 | 95% | — | — |
| 5 Years | 18.1% | 17.2% | 0.2% | 35.4% | 1.61 | 20.95 | 100% | — | — |
| 10 Years | 18.9% | 18.5% | 14.8% | 23.3% | 6.29 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +11.74 | 0.99 | 102.9% | 86.7% | 6.4% | -5.5% |
| 3 Years | +12.64 | 0.98 | 102.4% | 86.1% | 18.7% | 6.0% |
| 5 Years | +10.82 | 0.92 | 96.7% | 83.7% | 17.5% | 6.7% |
| 7 Years | +8.49 | 0.92 | 92.4% | 82.4% | 20.5% | 12.5% |
| 10 Years | +4.78 | 0.91 | 91.2% | 84.5% | 16.4% | 12.1% |
| 12 Years | +7.24 | 0.91 | 91.8% | 82.9% | 17.1% | 10.2% |
| 15 Years | +6.89 | 0.89 | 91.2% | 82.1% | 17.0% | 10.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 4.50% |
| 2 | ICICI Bank Limited | 4.25% |
| 3 | Karur Vysya Bank Limited | 3.61% |
| 4 | The Federal Bank Limited | 3.48% |
| 5 | State Bank of India | 3.15% |
| 6 | NTPC Limited | 2.99% |
| 7 | Reliance Industries Limited | 2.93% |
| 8 | PNB Housing Finance Limited | 2.50% |
| 9 | Shriram Finance Limited | 2.17% |
| 10 | Larsen & Toubro Limited | 2.15% |