HSBC Equity Savings Fund vs Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund)
HSBC Equity Savings Fund and Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) are both Equity Savings funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.41% vs +9.37%, 5-year CAGR — vs —, volatility 8.07% vs 6.01%, maximum drawdown −11.53% vs −6.21%. Their portfolios overlap by 30% (29 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
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Fund house | HSBC Mutual Fund | Sundaram Mutual Fund |
| Compared as | Equity Savings | Equity Savings |
| NAV | ₹41.7453 | ₹84.6604 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 28 Nov 2022 | 3 Jan 2022 |
| Track record | 3.9 yrs | 4.8 yrs |
| Fund size (AUM) | ₹1,558 Cr | ₹569 Cr |
| Securities held | 114 | 70 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| 1 month | +2.13% | +2.38% |
| 3 months | +1.40% | −0.04% |
| 6 months | +4.48% | +1.91% |
| 1 year | +9.43% | +1.45% |
| 3 years (CAGR) | +13.41% | +9.37% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +13.32% | +9.25% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
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
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| 2026 (year to date) | +9.18% | +0.50% |
| 2025 | +1.76% | +8.01% |
| 2024 | +25.17% | +14.49% |
| 2023 | +18.09% | +17.33% |
Risk
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Volatility (annualised) ⓘ | 8.07% | 6.01% |
| Downside volatility ⓘ | 5.81% | 4.40% |
| Sharpe ratio ⓘ | 0.86 | 0.48 |
| Sortino ratio ⓘ | 1.19 | 0.65 |
| Maximum drawdown ⓘ | −11.53% | −6.21% |
| Recovery from that fall | 6 months | 4 months |
| Current fall from peak | 0.00% | −0.46% |
| Rolling 1-year return: worst | +0.07% | −2.68% |
| Rolling 1-year return: median | +12.31% | +10.39% |
| Rolling 1-year return: best | +28.02% | +24.20% |
| Share of 1-year periods with a loss | 0.00% | 2.33% |
Against each fund's benchmark
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Beta ⓘ | 0.39 | 0.40 |
| Alpha (Jensen's, annualised) ⓘ | +4.92% | +1.05% |
| R² ⓘ | 49.21 | 89.41 |
| Upside capture | 66.09% | 54.19% |
| Downside capture | 23.16% | 29.76% |
| Tracking error | 10.80% | 9.18% |
| Information ratio | 0.41 | 0.03 |
| Treynor ratio | 16.38 | 5.75 |
Portfolio
Asset mix
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Equity | 73.30% | 79.38% |
| Debt | 21.08% | 13.08% |
| Cash & equivalents | 5.62% | -32.18% |
Market-cap split (share of fund assets)
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Large Cap | 49.19% | 60.83% |
| Mid Cap | 15.87% | 8.81% |
| Small Cap | 7.17% | 7.18% |
| Unclassified | 1.07% | 2.58% |
Concentration
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Top 10 holdings | 29.86% | 48.92% |
| Effective number of stocks ⓘ | 61.2 | 29.6 |
| Securities held | 114 | 70 |
Portfolio overlap: 30%
29 companies are held by both funds; by weight, 30% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) |
|---|---|---|
| HDFC Bank Limited | 4.78% | 5.52% |
| ICICI Bank Limited | 3.64% | 7.53% |
| Axis Bank Limited | 3.45% | 4.87% |
| Reliance Industries Limited | 2.88% | 7.36% |
| State Bank of India | 3.14% | 2.44% |
| Mahindra & Mahindra Limited | 1.80% | 2.01% |
| Kotak Mahindra Bank Limited | 1.72% | 3.14% |
| Bajaj Finance Limited | 1.41% | 1.34% |
| Bharti Airtel Limited | 1.23% | 9.29% |
| Coforge Limited | 1.12% | 0.78% |
| Cholamandalam Investment and Finance Company Ltd | 0.70% | 0.83% |
| JSW Steel Limited | 0.66% | 1.18% |
| 7.47% Small Industries Dev Bank of India (05/09/2029) | 0.64% | 1.57% |
| Sun Pharmaceutical Industries Limited | 1.68% | 0.62% |
| 7.04% GSEC MAT- 03/06/2029 | 0.99% | 0.54% |
Top 10 holdings
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%
Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund)
- Bharti Airtel Limited9.29%
- ICICI Bank Limited7.53%
- Reliance Industries Limited7.36%
- HDFC Bank Limited5.52%
- Axis Bank Limited4.87%
- Larsen & Toubro Limited3.59%
- Kotak Mahindra Bank Limited3.14%
- LIC Housing Finance Ltd.2.64%
- 6.48% Government of India (06/10/2035)2.53%
- State Bank of India2.44%
Sector exposure
| HSBC Equity Savings | Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) | |
|---|---|---|
| Banks | 24.65% | 23.50% |
| Telecom - Services | 1.54% | 10.95% |
| Sovereign | 9.08% | 6.27% |
| Petroleum Products | 2.88% | 7.36% |
| CRISIL AAA | 3.67% | 5.27% |
| Finance | 4.16% | 4.68% |
| Electrical Equipment | 4.47% | 1.43% |
| Retailing | 4.18% | 1.86% |
| Automobiles | 2.80% | 4.09% |
| Capital Markets | 3.79% | 1.58% |
| Construction | 0.29% | 3.59% |
| SOVEREIGN | 2.92% | 1.55% |
| Ferrous Metals | 2.89% | 1.18% |
| Pharmaceuticals & Biotechnology | 2.73% | 2.81% |
Questions people ask
What is the difference between HSBC Equity Savings and Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +9.43% vs +1.45%; 3-year CAGR +13.41% vs +9.37%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Equity Savings and Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) compare on risk?
Volatility (36 monthly returns, annualised) 8.07% vs 6.01%; Sharpe ratio 0.86 vs 0.48; Sortino ratio 1.19 vs 0.65; maximum drawdown −11.53% vs −6.21%; beta 0.39 vs 0.40.
How much do HSBC Equity Savings and Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) overlap?
By weight, 30% of the two portfolios is invested in the same companies; 29 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Equity Savings and Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund)?
HSBC Equity Savings: large cap 49.2%, mid cap 15.9%, small cap 7.2%. Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund): large cap 60.8%, mid cap 8.8%, 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 6 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.