Axis Equity Savings Fund vs HSBC Equity Savings Fund
Axis Equity Savings Fund and HSBC Equity Savings Fund are both Equity Savings funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.06% vs +13.36%, 5-year CAGR +7.94% vs —, volatility 5.66% vs 8.06%, maximum drawdown −17.56% vs −11.53%. Their portfolios overlap by 27.5% (39 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Fund house | Axis Mutual Fund | HSBC Mutual Fund |
| Compared as | Equity Savings | Equity Savings |
| NAV | ₹27.0100 | ₹41.6179 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 20 Aug 2015 | 28 Nov 2022 |
| Track record | 11.2 yrs | 3.9 yrs |
| Fund size (AUM) | ₹855 Cr | ₹1,558 Cr |
| Securities held | 110 | 114 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| 1 month | +2.70% | +1.74% |
| 3 months | +0.86% | +1.00% |
| 6 months | +4.65% | +4.23% |
| 1 year | +5.30% | +8.74% |
| 3 years (CAGR) | +10.06% | +13.36% |
| 5 years (CAGR) | +7.94% | — |
| 7 years (CAGR) | +9.74% | — |
| 10 years (CAGR) | +9.72% | — |
| Since launch (CAGR) | +9.25% | +13.25% |
| SIP return (XIRR, 5 years) ⓘ | +8.88% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| 2026 (year to date) | +4.37% | +8.85% |
| 2025 | +6.68% | +1.76% |
| 2024 | +12.42% | +25.17% |
| 2023 | +16.08% | +18.09% |
| 2022 | +1.14% | — |
| 2021 | +14.88% | — |
Risk
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Volatility (annualised) ⓘ | 5.66% | 8.06% |
| Downside volatility ⓘ | 3.99% | 5.81% |
| Sharpe ratio ⓘ | 0.63 | 0.85 |
| Sortino ratio ⓘ | 0.90 | 1.19 |
| Maximum drawdown ⓘ | −17.56% | −11.53% |
| Recovery from that fall | 7 months | 6 months |
| Current fall from peak | 0.00% | 0.00% |
| Rolling 1-year return: worst | −9.52% | +0.07% |
| Rolling 1-year return: median | +9.27% | +12.31% |
| Rolling 1-year return: best | +36.42% | +28.02% |
| Share of 1-year periods with a loss | 3.60% | 0.00% |
Against each fund's benchmark
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Beta ⓘ | 0.38 | 0.39 |
| Alpha (Jensen's, annualised) ⓘ | +1.66% | +4.92% |
| R² ⓘ | 93.30 | 49.21 |
| Upside capture | 54.28% | 66.09% |
| Downside capture | 26.15% | 23.16% |
| Tracking error | 9.33% | 10.80% |
| Information ratio | 0.10 | 0.41 |
| Treynor ratio | 7.67 | 16.38 |
Portfolio
Asset mix
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Equity | 68.21% | 73.30% |
| Debt | 20.07% | 21.08% |
| Cash & equivalents | 5.89% | 5.62% |
| Mutual Fund Units | 3.08% | 0.00% |
| REITs / InvITs | 2.74% | 0.00% |
Market-cap split (share of fund assets)
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Large Cap | 52.38% | 49.19% |
| Mid Cap | 5.55% | 15.87% |
| Small Cap | 7.99% | 7.17% |
| Unclassified | 2.29% | 1.07% |
Concentration
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Top 10 holdings | 40.29% | 29.86% |
| Effective number of stocks ⓘ | 42.5 | 61.2 |
| Securities held | 110 | 114 |
Portfolio overlap: 27.5%
39 companies are held by both funds; by weight, 27.5% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Equity Savings | HSBC Equity Savings |
|---|---|---|
| HDFC Bank Limited | 5.23% | 4.78% |
| ICICI Bank Limited | 6.88% | 3.64% |
| Reliance Industries Limited | 6.41% | 2.88% |
| Mahindra & Mahindra Limited | 1.84% | 1.80% |
| Kotak Mahindra Bank Limited | 3.19% | 1.72% |
| Sun Pharmaceutical Industries Limited | 1.57% | 1.68% |
| Bharti Airtel Limited | 2.44% | 1.23% |
| Tata Steel Ltd. | 2.99% | 1.03% |
| Bajaj Finance Limited | 0.99% | 1.41% |
| State Bank of India | 0.83% | 3.14% |
| Coforge Limited | 0.67% | 1.12% |
| IndusInd Bank Limited | 0.69% | 0.66% |
| Divi's Laboratories Limited | 0.62% | 1.05% |
| Punjab National Bank | 0.55% | 0.69% |
| Ambuja Cements Ltd. | 0.69% | 0.52% |
Top 10 holdings
Axis Equity Savings
- ICICI Bank Limited6.88%
- Reliance Industries Limited6.41%
- HDFC Bank Limited5.23%
- 7.18% Government of India (14/08/2033)4.69%
- Kotak Mahindra Bank Limited3.19%
- Axis Money Market Fund - Direct Plan - Growth Option3.08%
- Tata Steel Ltd.2.99%
- Cholamandalam Investment and Finance Company Ltd (27/02/2029) (FRN)2.93%
- 7.1% Government of India (08/04/2034)2.45%
- Bharti Airtel Limited2.44%
HSBC Equity Savings
- HDFC Bank Limited4.78%
- ICICI Bank Limited3.64%
- Axis Bank Limited3.45%
- State Bank of India3.14%
- Government of India (10/04/2028)2.94%
- Reliance Industries Limited2.88%
- The Federal Bank Limited2.55%
- 6.36% GOI 16-Feb-20312.54%
- Life Insurance Corporation Of India2.05%
- Lenskart Solutions Limited1.89%
Sector exposure
| Axis Equity Savings | HSBC Equity Savings | |
|---|---|---|
| Banks | 20.73% | 24.65% |
| Sovereign | 9.13% | 9.08% |
| Petroleum Products | 6.43% | 2.88% |
| Pharmaceuticals & Biotechnology | 4.89% | 2.73% |
| Electrical Equipment | 0.78% | 4.47% |
| Retailing | 0.65% | 4.18% |
| Finance | 1.96% | 4.16% |
| Ferrous Metals | 3.98% | 2.89% |
| Capital Markets | 0.13% | 3.79% |
| CRISIL AAA | 0.93% | 3.67% |
| Unclassified | 3.08% | 0.00% |
| Realty | 2.94% | 0.18% |
| ICRA AA+ | 2.93% | 0.00% |
| SOVEREIGN | 0.00% | 2.92% |
Questions people ask
What is the difference between Axis Equity Savings and HSBC Equity Savings returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +5.30% vs +8.74%; 3-year CAGR +10.06% vs +13.36%; 5-year CAGR +7.94% vs —; 10-year CAGR +9.72% vs —. Past returns do not indicate future returns.
How do Axis Equity Savings and HSBC Equity Savings compare on risk?
Volatility (36 monthly returns, annualised) 5.66% vs 8.06%; Sharpe ratio 0.63 vs 0.85; Sortino ratio 0.90 vs 1.19; maximum drawdown −17.56% vs −11.53%; beta 0.38 vs 0.39.
How much do Axis Equity Savings and HSBC Equity Savings overlap?
By weight, 27.5% of the two portfolios is invested in the same companies; 39 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Equity Savings and HSBC Equity Savings?
Axis Equity Savings: large cap 52.4%, mid cap 5.6%, small cap 8.0%. HSBC Equity Savings: large cap 49.2%, mid cap 15.9%, small cap 7.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.