HSBC Large Cap Fund vs SBI Large Cap Fund
HSBC Large Cap Fund and SBI Large Cap Fund are both Large Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +11.90% vs +11.04%, 5-year CAGR +9.18% vs +9.23%, volatility 14.15% vs 13.88%, maximum drawdown −36.05% vs −37.08%. Their portfolios overlap by 47.4% (16 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 Large Cap | SBI Large Cap | |
|---|---|---|
| Fund house | HSBC Mutual Fund | SBI Mutual Fund |
| Compared as | Large Cap | Large Cap |
| NAV | ₹544.0612 | ₹105.1790 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 2 Jan 2013 |
| Track record | 13.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹1,755 Cr | ₹52,373 Cr |
| Securities held | 37 | 56 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| 1 month | +4.49% | +4.97% |
| 3 months | −0.80% | −0.92% |
| 6 months | +3.47% | +1.56% |
| 1 year | +1.04% | +0.37% |
| 3 years (CAGR) | +11.90% | +11.04% |
| 5 years (CAGR) | +9.18% | +9.23% |
| 7 years (CAGR) | +12.96% | +13.39% |
| 10 years (CAGR) | +12.59% | +12.48% |
| Since launch (CAGR) | +12.39% | +14.16% |
| SIP return (XIRR, 5 years) ⓘ | +9.74% | +9.37% |
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 Large Cap | SBI Large Cap | |
|---|---|---|
| 2026 (year to date) | −1.28% | −1.70% |
| 2025 | +5.78% | +10.49% |
| 2024 | +19.42% | +13.24% |
| 2023 | +24.69% | +23.50% |
| 2022 | +1.46% | +5.11% |
| 2021 | +23.86% | +27.04% |
Risk
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.15% | 13.88% |
| Downside volatility ⓘ | 10.54% | 9.82% |
| Sharpe ratio ⓘ | 0.38 | 0.33 |
| Sortino ratio ⓘ | 0.51 | 0.46 |
| Maximum drawdown ⓘ | −36.05% | −37.08% |
| Recovery from that fall | 7 months | 8 months |
| Current fall from peak | −2.78% | −2.80% |
| Rolling 1-year return: worst | −27.63% | −30.44% |
| Rolling 1-year return: median | +11.34% | +12.72% |
| Rolling 1-year return: best | +87.86% | +98.07% |
| Share of 1-year periods with a loss | 18.54% | 12.84% |
Against each fund's benchmark
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Beta ⓘ | 0.93 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | +1.90% | +0.95% |
| R² ⓘ | 92.66 | 95.84 |
| Upside capture | 99.53% | 92.30% |
| Downside capture | 87.72% | 82.69% |
| Tracking error | 4.02% | 3.10% |
| Information ratio | 0.48 | 0.30 |
| Treynor ratio | 4.17 | 3.16 |
Portfolio
Asset mix
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Equity | 96.72% | 99.12% |
| Cash & equivalents | 3.28% | 0.47% |
| Debt | 0.00% | 0.41% |
Market-cap split (share of fund assets)
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Large Cap | 81.16% | 83.54% |
| Mid Cap | 7.34% | 13.69% |
| Small Cap | 6.75% | 1.89% |
| Unclassified | 1.47% | 0.00% |
Concentration
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Top 10 holdings | 53.77% | 47.57% |
| Effective number of stocks ⓘ | 24.6 | 28.3 |
| Securities held | 37 | 56 |
Portfolio overlap: 47.4%
16 companies are held by both funds; by weight, 47.4% of the two portfolios is the same. That is a moderate overlap.
| Held by both | HSBC Large Cap | SBI Large Cap |
|---|---|---|
| ICICI Bank Limited | 8.66% | 8.29% |
| HDFC Bank Limited | 8.48% | 8.19% |
| Larsen & Toubro Limited | 5.36% | 5.31% |
| Reliance Industries Limited | 6.26% | 3.51% |
| State Bank of India | 3.83% | 3.50% |
| Infosys Limited | 2.83% | 3.38% |
| Axis Bank Limited | 2.79% | 3.22% |
| Tata Motors Ltd | 2.40% | 3.06% |
| Bharti Airtel Limited | 3.50% | 2.15% |
| Mankind Pharma Limited | 2.14% | 1.95% |
| Eternal Limited | 4.56% | 1.77% |
| InterGlobe Aviation Limited | 2.84% | 1.56% |
| Tech Mahindra Limited | 1.09% | 1.89% |
| Sun Pharmaceutical Industries Limited | 0.78% | 1.90% |
| UltraTech Cement Limited | 1.87% | 0.72% |
Top 10 holdings
HSBC Large Cap
- ICICI Bank Limited8.66%
- HDFC Bank Limited8.48%
- Reliance Industries Limited6.26%
- Sterlite Technologies Limited5.70%
- Larsen & Toubro Limited5.36%
- Eternal Limited4.56%
- Shriram Finance Limited4.48%
- State Bank of India3.83%
- Bharti Airtel Limited3.50%
- Mahindra & Mahindra Limited2.94%
SBI Large Cap
- ICICI Bank Limited8.29%
- HDFC Bank Limited8.19%
- Larsen & Toubro Limited5.31%
- Kotak Mahindra Bank Limited4.60%
- Samvardhana Motherson International Limited3.79%
- Divi's Laboratories Limited3.61%
- Reliance Industries Limited3.51%
- State Bank of India3.50%
- Asian Paints Limited3.39%
- Infosys Limited3.38%
Sector exposure
| HSBC Large Cap | SBI Large Cap | |
|---|---|---|
| Banks | 23.76% | 27.80% |
| Retailing | 9.77% | 5.24% |
| Pharmaceuticals & Biotechnology | 2.92% | 7.65% |
| Auto Components | 0.00% | 7.01% |
| Finance | 6.67% | 2.04% |
| Petroleum Products | 6.26% | 3.51% |
| Telecom - Equipment & Accessories | 5.70% | 0.00% |
| Insurance | 0.97% | 5.50% |
| Construction | 5.36% | 5.31% |
| Automobiles | 5.28% | 0.00% |
| IT - Software | 4.97% | 5.27% |
| Transport Services | 3.89% | 1.56% |
| Telecom - Services | 3.50% | 2.61% |
| Consumer Durables | 1.96% | 3.39% |
Questions people ask
What is the difference between HSBC Large Cap and SBI Large Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.04% vs +0.37%; 3-year CAGR +11.90% vs +11.04%; 5-year CAGR +9.18% vs +9.23%; 10-year CAGR +12.59% vs +12.48%. Past returns do not indicate future returns.
How do HSBC Large Cap and SBI Large Cap compare on risk?
Volatility (36 monthly returns, annualised) 14.15% vs 13.88%; Sharpe ratio 0.38 vs 0.33; Sortino ratio 0.51 vs 0.46; maximum drawdown −36.05% vs −37.08%; beta 0.93 vs 0.91.
How much do HSBC Large Cap and SBI Large Cap overlap?
By weight, 47.4% of the two portfolios is invested in the same companies; 16 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Larsen & Toubro Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Large Cap and SBI Large Cap?
HSBC Large Cap: large cap 81.2%, mid cap 7.3%, small cap 6.8%. SBI Large Cap: large cap 83.5%, mid cap 13.7%, small cap 1.9% (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 Large Cap vs
All Large Cap 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 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.