HSBC Large & Mid Cap Fund vs SBI LARGE & MIDCAP FUND
HSBC Large & Mid Cap Fund and SBI LARGE & MIDCAP FUND are both Large & Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +18.31% vs +12.65%, 5-year CAGR +14.10% vs +11.77%, volatility 18.44% vs 13.47%, maximum drawdown −36.10% vs −36.43%. Their portfolios overlap by 18.7% (15 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 & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Fund house | HSBC Mutual Fund | SBI Mutual Fund |
| Compared as | Large & Mid Cap | Large & Mid Cap |
| NAV | ₹33.0023 | ₹678.5354 |
| NAV date | 5 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 4 Apr 2019 | 2 Jan 2013 |
| Track record | 7.6 yrs | 13.8 yrs |
| Fund size (AUM) | ₹5,784 Cr | ₹40,499 Cr |
| Securities held | 83 | 90 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| 1 month | +2.25% | +1.43% |
| 3 months | −0.12% | −6.84% |
| 6 months | +4.92% | −2.48% |
| 1 year | +9.56% | −2.40% |
| 3 years (CAGR) | +18.31% | +12.65% |
| 5 years (CAGR) | +14.10% | +11.77% |
| 7 years (CAGR) | +18.20% | +16.45% |
| 10 years (CAGR) | — | +14.43% |
| Since launch (CAGR) | +17.06% | +15.80% |
| SIP return (XIRR, 5 years) ⓘ | +16.08% | +10.54% |
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 & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| 2026 (year to date) | +10.14% | −4.22% |
| 2025 | −2.47% | +11.00% |
| 2024 | +39.99% | +19.12% |
| 2023 | +31.69% | +27.91% |
| 2022 | −2.19% | +8.13% |
| 2021 | +37.39% | +40.40% |
Risk
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.44% | 13.47% |
| Downside volatility ⓘ | 12.99% | 9.58% |
| Sharpe ratio ⓘ | 0.64 | 0.46 |
| Sortino ratio ⓘ | 0.91 | 0.64 |
| Maximum drawdown ⓘ | −36.10% | −36.43% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −2.87% | −7.23% |
| Rolling 1-year return: worst | −25.54% | −28.76% |
| Rolling 1-year return: median | +15.03% | +13.73% |
| Rolling 1-year return: best | +89.10% | +88.75% |
| Share of 1-year periods with a loss | 16.29% | 10.86% |
Against each fund's benchmark
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Beta ⓘ | 1.03 | 0.83 |
| Alpha (Jensen's, annualised) ⓘ | +5.12% | +1.04% |
| R² ⓘ | 81.15 | 95.43 |
| Upside capture | 119.89% | 88.76% |
| Downside capture | 101.43% | 79.44% |
| Tracking error | 8.13% | 4.02% |
| Information ratio | 0.68 | 0.11 |
| Treynor ratio | 10.34 | 6.73 |
Portfolio
Asset mix
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Equity | 97.92% | 96.14% |
| Cash & equivalents | 2.08% | 2.83% |
| Foreign Securities | 0.00% | 0.77% |
| Debt | 0.00% | 0.26% |
Market-cap split (share of fund assets)
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Large Cap | 35.44% | 41.05% |
| Mid Cap | 40.35% | 35.49% |
| Small Cap | 16.83% | 19.57% |
| Unclassified | 5.30% | 0.03% |
Concentration
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Top 10 holdings | 38.10% | 30.07% |
| Effective number of stocks ⓘ | 39.1 | 51.9 |
| Securities held | 83 | 90 |
Portfolio overlap: 18.7%
15 companies are held by both funds; by weight, 18.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HSBC Large & Mid Cap | SBI LARGE & MIDCAP |
|---|---|---|
| HDFC Bank Limited | 5.81% | 6.65% |
| ICICI Bank Limited | 6.52% | 3.79% |
| Gland Pharma Limited | 1.82% | 2.28% |
| FSN E-Commerce Ventures Limited | 2.44% | 1.42% |
| Divi's Laboratories Limited | 1.33% | 1.90% |
| Tata Motors Ltd | 1.16% | 2.22% |
| AIA Engineering Limited | 1.03% | 1.01% |
| Adani Energy Solutions Limited | 0.99% | 0.88% |
| JSW Energy Limited | 0.56% | 0.92% |
| Lupin Limited | 2.04% | 0.52% |
| ICICI Prudential Asset Management Company Limited | 0.17% | 1.55% |
| Sun Pharmaceutical Industries Limited | 1.59% | 0.13% |
| HDFC Asset Management Company Limited | 0.56% | 0.06% |
| Infosys Limited | 0.02% | 0.86% |
| Axis Bank Limited | 0.00% | 3.33% |
Top 10 holdings
HSBC Large & Mid Cap
- ICICI Bank Limited6.52%
- HDFC Bank Limited5.81%
- Lenskart Solutions Limited4.96%
- Meesho Ltd3.79%
- Aditya Infotech Limited3.37%
- The Federal Bank Limited3.34%
- Ather Energy Limited2.72%
- Dhoot Transmission Ltd2.60%
- GE Vernova T&D India Limited2.54%
- Radico Khaitan Limited2.45%
SBI LARGE & MIDCAP
- HDFC Bank Limited6.65%
- ICICI Bank Limited3.79%
- Axis Bank Limited3.33%
- Adani Enterprises Limited2.46%
- Balkrishna Industries Ltd.2.46%
- Swiggy Limited2.35%
- Asian Paints Limited2.28%
- Gland Pharma Limited2.28%
- Berger Paints (I) Limited2.25%
- Tata Motors Ltd2.22%
Sector exposure
| HSBC Large & Mid Cap | SBI LARGE & MIDCAP | |
|---|---|---|
| Banks | 17.50% | 16.01% |
| Electrical Equipment | 13.04% | 0.00% |
| Pharmaceuticals & Biotechnology | 8.57% | 12.91% |
| Retailing | 11.20% | 4.27% |
| Auto Components | 2.60% | 9.18% |
| Finance | 7.16% | 1.81% |
| Consumer Durables | 0.06% | 6.88% |
| Automobiles | 5.13% | 0.90% |
| Industrial Manufacturing | 5.06% | 0.51% |
| IT - Software | 2.13% | 4.89% |
| Capital Markets | 4.67% | 1.61% |
| Agricultural, Commercial & Construction Vehicles | 1.16% | 4.35% |
| Power | 2.97% | 4.31% |
| Cement & Cement Products | 0.04% | 4.18% |
Questions people ask
What is the difference between HSBC Large & Mid Cap and SBI LARGE & MIDCAP returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +9.56% vs −2.40%; 3-year CAGR +18.31% vs +12.65%; 5-year CAGR +14.10% vs +11.77%; 10-year CAGR — vs +14.43%. Past returns do not indicate future returns.
How do HSBC Large & Mid Cap and SBI LARGE & MIDCAP compare on risk?
Volatility (36 monthly returns, annualised) 18.44% vs 13.47%; Sharpe ratio 0.64 vs 0.46; Sortino ratio 0.91 vs 0.64; maximum drawdown −36.10% vs −36.43%; beta 1.03 vs 0.83.
How much do HSBC Large & Mid Cap and SBI LARGE & MIDCAP overlap?
By weight, 18.7% of the two portfolios is invested in the same companies; 15 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Gland Pharma Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Large & Mid Cap and SBI LARGE & MIDCAP?
HSBC Large & Mid Cap: large cap 35.4%, mid cap 40.4%, small cap 16.8%. SBI LARGE & MIDCAP: large cap 41.1%, mid cap 35.5%, small cap 19.6% (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.