DSP Midcap Fund vs HSBC Midcap Fund
DSP Midcap Fund and HSBC Midcap Fund are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.06% vs +22.40%, 5-year CAGR +10.89% vs —, volatility 17.81% vs 20.22%, maximum drawdown −32.72% vs −25.96%. Their portfolios overlap by 19.5% (20 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
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Fund house | DSP Mutual Fund | HSBC Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹168.5200 | ₹524.8143 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 28 Nov 2022 |
| Track record | 13.8 yrs | 3.9 yrs |
| Fund size (AUM) | ₹19,488 Cr | ₹16,800 Cr |
| Securities held | 64 | 72 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| 1 month | +1.49% | +0.13% |
| 3 months | −4.60% | −1.10% |
| 6 months | −0.93% | +4.77% |
| 1 year | +0.96% | +15.34% |
| 3 years (CAGR) | +14.06% | +22.40% |
| 5 years (CAGR) | +10.89% | — |
| 7 years (CAGR) | +16.23% | — |
| 10 years (CAGR) | +14.05% | — |
| Since launch (CAGR) | +16.42% | +23.07% |
| SIP return (XIRR, 5 years) ⓘ | +12.20% | — |
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
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| 2026 (year to date) | +1.20% | +14.82% |
| 2025 | +2.68% | −0.31% |
| 2024 | +23.60% | +41.24% |
| 2023 | +39.75% | +41.53% |
| 2022 | −3.97% | — |
| 2021 | +29.58% | — |
Risk
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.81% | 20.22% |
| Downside volatility ⓘ | 12.49% | 13.51% |
| Sharpe ratio ⓘ | 0.43 | 0.79 |
| Sortino ratio ⓘ | 0.61 | 1.18 |
| Maximum drawdown ⓘ | −32.72% | −25.96% |
| Recovery from that fall | 5 months | 14 months |
| Current fall from peak | −5.62% | −5.45% |
| Rolling 1-year return: worst | −21.97% | −5.99% |
| Rolling 1-year return: median | +15.33% | +20.83% |
| Rolling 1-year return: best | +102.60% | +68.11% |
| Share of 1-year periods with a loss | 19.70% | 5.65% |
Against each fund's benchmark
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Beta ⓘ | 0.97 | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | −1.53% | +5.80% |
| R² ⓘ | 92.52 | 87.10 |
| Upside capture | 96.33% | 116.99% |
| Downside capture | 103.57% | 96.03% |
| Tracking error | 5.09% | 7.53% |
| Information ratio | -0.41 | 0.90 |
| Treynor ratio | 6.41 | 14.29 |
Portfolio
Asset mix
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Equity | 95.37% | 99.18% |
| Cash & equivalents | 4.63% | 0.82% |
Market-cap split (share of fund assets)
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Large Cap | 16.48% | 4.69% |
| Mid Cap | 67.50% | 65.34% |
| Small Cap | 11.39% | 24.98% |
| Unclassified | 0.00% | 4.17% |
Concentration
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Top 10 holdings | 27.81% | 36.79% |
| Effective number of stocks ⓘ | 54.9 | 39.4 |
| Securities held | 64 | 72 |
Portfolio overlap: 19.5%
20 companies are held by both funds; by weight, 19.5% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | DSP Midcap | HSBC Midcap |
|---|---|---|
| The Federal Bank Limited | 2.56% | 3.90% |
| Bharat Forge Limited | 2.51% | 2.61% |
| Coforge Limited | 4.07% | 2.28% |
| Nippon Life India Asset Management Limited | 1.87% | 2.01% |
| IPCA Laboratories Limited | 2.84% | 1.75% |
| AU Small Finance Bank Limited | 1.71% | 2.34% |
| Multi Commodity Exchange of India Limited | 3.31% | 1.62% |
| Apar Industries Limited | 1.36% | 3.16% |
| GE Vernova T&D India Limited | 1.04% | 3.09% |
| PB Fintech Limited | 1.02% | 1.45% |
| Lenskart Solutions Limited | 0.79% | 5.08% |
| Hitachi Energy India Limited | 0.72% | 2.28% |
| Kirloskar Oil Engines Limited | 2.02% | 0.15% |
| Syngene International Limited | 0.30% | 0.06% |
| Max Financial Services Limited | 2.48% | 0.03% |
Top 10 holdings
DSP Midcap
- Coforge Limited4.07%
- Multi Commodity Exchange of India Limited3.31%
- IPCA Laboratories Limited2.84%
- The Phoenix Mills Limited2.73%
- The Federal Bank Limited2.56%
- Fortis Healthcare Limited2.53%
- Bharat Forge Limited2.51%
- Max Financial Services Limited2.48%
- Cholamandalam Investment and Finance Company Ltd2.44%
- APL Apollo Tubes Limited2.34%
HSBC Midcap
- Lenskart Solutions Limited5.08%
- Meesho Ltd5.04%
- The Federal Bank Limited3.90%
- Aditya Infotech Limited3.64%
- Piramal Finance Limited3.56%
- FSN E-Commerce Ventures Limited3.38%
- Apar Industries Limited3.16%
- GE Vernova T&D India Limited3.09%
- Ather Energy Limited3.03%
- Dhoot Transmission Ltd2.91%
Sector exposure
| DSP Midcap | HSBC Midcap | |
|---|---|---|
| Electrical Equipment | 3.12% | 15.44% |
| Retailing | 4.07% | 13.51% |
| Auto Components | 11.15% | 5.52% |
| Banks | 7.48% | 11.01% |
| Industrial Products | 8.70% | 0.17% |
| Pharmaceuticals & Biotechnology | 5.00% | 7.91% |
| Finance | 5.90% | 7.32% |
| IT - Software | 6.48% | 2.29% |
| Industrial Manufacturing | 0.00% | 5.27% |
| Capital Markets | 5.18% | 5.11% |
| Realty | 4.61% | 1.09% |
| Healthcare Services | 4.17% | 1.87% |
| Consumer Durables | 3.90% | 0.14% |
| Fertilizers & Agrochemicals | 3.85% | 0.00% |
Questions people ask
What is the difference between DSP Midcap and HSBC Midcap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.96% vs +15.34%; 3-year CAGR +14.06% vs +22.40%; 5-year CAGR +10.89% vs —; 10-year CAGR +14.05% vs —. Past returns do not indicate future returns.
How do DSP Midcap and HSBC Midcap compare on risk?
Volatility (36 monthly returns, annualised) 17.81% vs 20.22%; Sharpe ratio 0.43 vs 0.79; Sortino ratio 0.61 vs 1.18; maximum drawdown −32.72% vs −25.96%; beta 0.97 vs 1.05.
How much do DSP Midcap and HSBC Midcap overlap?
By weight, 19.5% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being The Federal Bank Limited, Bharat Forge Limited, Coforge Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of DSP Midcap and HSBC Midcap?
DSP Midcap: large cap 16.5%, mid cap 67.5%, small cap 11.4%. HSBC Midcap: large cap 4.7%, mid cap 65.3%, small cap 25.0% (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.
More comparisons
DSP Midcap vs
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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.