HSBC Financial Services fund vs Kotak Banking and Financial Services Fund
HSBC Financial Services fund and Kotak Banking and Financial Services Fund are both Banking & Financial Services Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +14.16%, 5-year CAGR — vs —, volatility 20.00% vs 16.87%, maximum drawdown −14.78% vs −16.70%. Their portfolios overlap by 55.1% (18 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 Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Fund house | HSBC Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹12.7204 | ₹17.1130 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 4 Mar 2025 | 6 Mar 2023 |
| Track record | 1.7 yrs | 3.7 yrs |
| Fund size (AUM) | ₹903 Cr | ₹1,448 Cr |
| Securities held | 37 | 35 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| 1 month | +3.95% | +4.99% |
| 3 months | −1.64% | −2.48% |
| 6 months | +0.16% | +1.18% |
| 1 year | +5.90% | +3.12% |
| 3 years (CAGR) | — | +14.16% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +15.38% | +15.59% |
| 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 Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| 2026 (year to date) | +3.12% | +1.27% |
| 2025 | — | +15.92% |
| 2024 | — | +14.11% |
Risk
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 20.00% | 16.87% |
| Downside volatility ⓘ | 13.53% | 11.32% |
| Sharpe ratio ⓘ | 0.44 | 0.46 |
| Sortino ratio ⓘ | 0.66 | 0.68 |
| Maximum drawdown ⓘ | −14.78% | −16.70% |
| Recovery from that fall | 1 months | — |
| Current fall from peak | −3.38% | −2.82% |
| Rolling 1-year return: worst | −3.48% | −6.51% |
| Rolling 1-year return: median | +9.80% | +13.84% |
| Rolling 1-year return: best | +20.87% | +32.63% |
| Share of 1-year periods with a loss | 5.36% | 3.03% |
Against each fund's benchmark
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Beta ⓘ | 1.21 | 0.96 |
| Alpha (Jensen's, annualised) ⓘ | +6.12% | +1.87% |
| R² ⓘ | 91.05 | 82.70 |
| Upside capture | 144.13% | 102.90% |
| Downside capture | 120.72% | 93.65% |
| Tracking error | 6.74% | 6.93% |
| Information ratio | 0.75 | 0.25 |
| Treynor ratio | 0.91 | 5.60 |
Portfolio
Asset mix
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Equity | 95.70% | 98.81% |
| Cash & equivalents | 4.30% | 1.19% |
Market-cap split (share of fund assets)
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Large Cap | 51.53% | 65.25% |
| Mid Cap | 21.23% | 14.88% |
| Small Cap | 22.94% | 16.09% |
| Unclassified | 0.00% | 2.59% |
Concentration
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Top 10 holdings | 52.97% | 61.73% |
| Effective number of stocks ⓘ | 24.6 | 17.5 |
| Securities held | 37 | 35 |
Portfolio overlap: 55.1%
18 companies are held by both funds; by weight, 55.1% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | HSBC Financial Services | Kotak Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.31% | 12.67% |
| HDFC Bank Limited | 9.30% | 11.28% |
| Axis Bank Limited | 5.09% | 7.36% |
| Shriram Finance Limited | 4.81% | 4.83% |
| State Bank of India | 4.45% | 8.31% |
| Kotak Mahindra Bank Limited | 4.60% | 3.69% |
| Cholamandalam Investment and Finance Company Ltd | 2.57% | 2.52% |
| Karur Vysya Bank Limited | 3.24% | 2.32% |
| Billionbrains Garage Ventures Ltd | 3.84% | 2.27% |
| RBL Bank Limited | 2.40% | 1.76% |
| Piramal Finance Limited | 1.75% | 1.97% |
| Pine Labs Limited | 2.41% | 1.73% |
| Nippon Life India Asset Management Limited | 4.91% | 1.72% |
| Prudent Corporate Advisory Services Limited | 1.92% | 1.26% |
| One 97 Communications Limited | 1.67% | 1.25% |
Top 10 holdings
HSBC Financial Services
- ICICI Bank Limited9.31%
- HDFC Bank Limited9.30%
- Axis Bank Limited5.09%
- Nippon Life India Asset Management Limited4.91%
- Shriram Finance Limited4.81%
- Kotak Mahindra Bank Limited4.60%
- State Bank of India4.45%
- Billionbrains Garage Ventures Ltd3.84%
- ICICI Prudential Asset Management Company Limited3.42%
- Karur Vysya Bank Limited3.24%
Kotak Banking and Financial Services
- ICICI Bank Limited12.67%
- HDFC Bank Limited11.28%
- State Bank of India8.31%
- Axis Bank Limited7.36%
- Bajaj Finance Limited6.04%
- Shriram Finance Limited4.83%
- Kotak Mahindra Bank Limited3.69%
- Cholamandalam Investment and Finance Company Ltd2.52%
- Poonawalla Fincorp Limited2.52%
- IndusInd Bank Limited2.51%
Sector exposure
| HSBC Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Banks | 41.87% | 60.03% |
| Capital Markets | 27.87% | 11.72% |
| Finance | 18.47% | 21.38% |
| Financial Technology (Fintech) | 6.97% | 2.98% |
| Insurance | 0.00% | 2.70% |
| Commercial Services & Supplies | 0.52% | 0.00% |
Questions people ask
What is the difference between HSBC Financial Services and Kotak Banking and Financial Services returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +5.90% vs +3.12%; 3-year CAGR — vs +14.16%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Financial Services and Kotak Banking and Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 20.00% vs 16.87%; Sharpe ratio 0.44 vs 0.46; Sortino ratio 0.66 vs 0.68; maximum drawdown −14.78% vs −16.70%; beta 1.21 vs 0.96.
How much do HSBC Financial Services and Kotak Banking and Financial Services overlap?
By weight, 55.1% of the two portfolios is invested in the same companies; 18 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC 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 Financial Services and Kotak Banking and Financial Services?
HSBC Financial Services: large cap 51.5%, mid cap 21.2%, small cap 22.9%. Kotak Banking and Financial Services: large cap 65.3%, mid cap 14.9%, small cap 16.1% (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.