HSBC Financial Services fund vs Mirae Asset Banking and Financial Services Fund
HSBC Financial Services fund and Mirae Asset Banking and Financial Services Fund are both Banking & Financial Services Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +14.23%, 5-year CAGR — vs +12.15%, volatility 20.30% vs 16.80%, maximum drawdown −14.78% vs −21.04%. Their portfolios overlap by 51.6% (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 | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Fund house | HSBC Mutual Fund | Mirae Asset Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹12.8712 | ₹23.8600 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 4 Mar 2025 | 14 Dec 2020 |
| Track record | 1.7 yrs | 5.9 yrs |
| Fund size (AUM) | ₹903 Cr | ₹2,196 Cr |
| Securities held | 37 | 30 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| 1 month | +5.26% | +6.73% |
| 3 months | +0.20% | +1.21% |
| 6 months | +2.33% | +4.75% |
| 1 year | +8.17% | +3.86% |
| 3 years (CAGR) | — | +14.23% |
| 5 years (CAGR) | — | +12.15% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +16.17% | +15.84% |
| SIP return (XIRR, 5 years) ⓘ | — | +13.77% |
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 | Mirae Asset Banking and Financial Services | |
|---|---|---|
| 2026 (year to date) | +4.34% | +0.28% |
| 2025 | — | +20.99% |
| 2024 | — | +13.29% |
| 2023 | — | +22.79% |
| 2022 | — | +14.78% |
| 2021 | — | +19.26% |
Risk
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 20.30% | 16.80% |
| Downside volatility ⓘ | 13.53% | 10.93% |
| Sharpe ratio ⓘ | 0.48 | 0.46 |
| Sortino ratio ⓘ | 0.71 | 0.71 |
| Maximum drawdown ⓘ | −14.78% | −21.04% |
| Recovery from that fall | 1 months | 5 months |
| Current fall from peak | −2.24% | −2.79% |
| Rolling 1-year return: worst | −3.48% | −6.89% |
| Rolling 1-year return: median | +9.80% | +15.06% |
| Rolling 1-year return: best | +20.87% | +36.49% |
| Share of 1-year periods with a loss | 5.36% | 6.37% |
Against each fund's benchmark
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Beta ⓘ | 1.21 | 0.92 |
| Alpha (Jensen's, annualised) ⓘ | +6.12% | +1.90% |
| R² ⓘ | 91.05 | 78.71 |
| Upside capture | 144.13% | 100.78% |
| Downside capture | 120.72% | 91.06% |
| Tracking error | 6.74% | 7.61% |
| Information ratio | 0.75 | 0.21 |
| Treynor ratio | 0.91 | 5.73 |
Portfolio
Asset mix
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Equity | 95.70% | 97.89% |
| Cash & equivalents | 4.30% | 2.08% |
Market-cap split (share of fund assets)
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Large Cap | 51.53% | 60.97% |
| Mid Cap | 21.23% | 15.71% |
| Small Cap | 22.94% | 21.24% |
| Unclassified | 0.00% | 0.00% |
Concentration
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Top 10 holdings | 52.97% | 65.09% |
| Effective number of stocks ⓘ | 24.6 | 15 |
| Securities held | 37 | 30 |
Portfolio overlap: 51.6%
18 companies are held by both funds; by weight, 51.6% 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 | Mirae Asset Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.31% | 13.63% |
| HDFC Bank Limited | 9.30% | 14.44% |
| Axis Bank Limited | 5.09% | 7.96% |
| Kotak Mahindra Bank Limited | 4.60% | 4.49% |
| State Bank of India | 4.45% | 8.62% |
| Karur Vysya Bank Limited | 3.24% | 2.63% |
| Shriram Finance Limited | 4.81% | 2.10% |
| KFin Technologies Limited | 1.89% | 2.93% |
| Multi Commodity Exchange of India Limited | 1.89% | 2.97% |
| Home First Finance Company India Limited | 1.89% | 1.89% |
| Pine Labs Limited | 2.41% | 1.57% |
| The Federal Bank Limited | 2.48% | 1.30% |
| CARE Ratings Limited | 1.13% | 1.28% |
| Bajaj Finance Limited | 1.06% | 3.87% |
| HDB Financial Services Ltd. | 1.01% | 2.74% |
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%
Mirae Asset Banking and Financial Services
- HDFC Bank Limited14.44%
- ICICI Bank Limited13.63%
- State Bank of India8.62%
- Axis Bank Limited7.96%
- Kotak Mahindra Bank Limited4.49%
- Bajaj Finance Limited3.87%
- SBI Life Insurance Company Limited3.45%
- Multi Commodity Exchange of India Limited2.97%
- KFin Technologies Limited2.93%
- HDB Financial Services Ltd.2.74%
Sector exposure
| HSBC Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Banks | 41.87% | 58.40% |
| Capital Markets | 27.87% | 11.32% |
| Finance | 18.47% | 17.85% |
| Insurance | 0.00% | 7.72% |
| Financial Technology (Fintech) | 6.97% | 2.63% |
| Commercial Services & Supplies | 0.52% | 0.00% |
Questions people ask
What is the difference between HSBC Financial Services and Mirae Asset Banking and Financial Services returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +8.17% vs +3.86%; 3-year CAGR — vs +14.23%; 5-year CAGR — vs +12.15%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Financial Services and Mirae Asset Banking and Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 20.30% vs 16.80%; Sharpe ratio 0.48 vs 0.46; Sortino ratio 0.71 vs 0.71; maximum drawdown −14.78% vs −21.04%; beta 1.21 vs 0.92.
How much do HSBC Financial Services and Mirae Asset Banking and Financial Services overlap?
By weight, 51.6% 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 Mirae Asset Banking and Financial Services?
HSBC Financial Services: large cap 51.5%, mid cap 21.2%, small cap 22.9%. Mirae Asset Banking and Financial Services: large cap 61.0%, mid cap 15.7%, small cap 21.2% (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.
More comparisons
HSBC Financial Services vs
- HSBC Financial Services vs Tata Banking & Financial Services
- HSBC Financial Services vs Bajaj Finserv Banking and Financial Services
- HSBC Financial Services vs Canara Robeco Banking and Financial Services
- HSBC Financial Services vs ICICI Prudential Banking & Financial Services
- HSBC Financial Services vs Nippon India Banking & Financial Services
- HSBC Financial Services vs UTI Financial Services Debt
Mirae Asset Banking and Financial Services vs
- Mirae Asset Banking and Financial Services vs Aditya Birla Sun Life Banking and Financial Services
- Mirae Asset Banking and Financial Services vs BANK OF INDIA MANUFACTURING & INFRASTRUCTURE
- Mirae Asset Banking and Financial Services vs HDFC Banking & Financial Services
- Mirae Asset Banking and Financial Services vs MahindraManulife Banking & Financial Services
- Mirae Asset Banking and Financial Services vs Taurus Banking & Financial Services
- Mirae Asset Banking and Financial Services vs BANDHAN FINANCIAL SERVICES
All Banking & Financial Services Funds comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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.