HSBC Midcap Fund vs Quant Mid Cap Fund
HSBC Midcap Fund and Quant Mid Cap Fund are both Mid Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +21.87% vs +10.51%, 5-year CAGR — vs +14.47%, volatility 20.17% vs 17.51%, maximum drawdown −25.96% vs −33.43%. Their portfolios overlap by 7.1% (5 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 Midcap | Quant Mid Cap | |
|---|---|---|
| Fund house | HSBC Mutual Fund | quant Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹517.6273 | ₹243.6828 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 28 Nov 2022 | 7 Jan 2013 |
| Track record | 3.9 yrs | 13.8 yrs |
| Fund size (AUM) | ₹16,800 Cr | ₹7,654 Cr |
| Securities held | 72 | 35 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| 1 month | −0.45% | +1.35% |
| 3 months | −2.72% | −4.86% |
| 6 months | +4.84% | −0.69% |
| 1 year | +13.76% | +0.95% |
| 3 years (CAGR) | +21.87% | +10.51% |
| 5 years (CAGR) | — | +14.47% |
| 7 years (CAGR) | — | +23.04% |
| 10 years (CAGR) | — | +18.10% |
| Since launch (CAGR) | +22.65% | +16.19% |
| SIP return (XIRR, 5 years) ⓘ | — | +10.70% |
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 Midcap | Quant Mid Cap | |
|---|---|---|
| 2026 (year to date) | +13.25% | +3.47% |
| 2025 | −0.31% | −4.46% |
| 2024 | +41.24% | +20.27% |
| 2023 | +41.53% | +36.40% |
| 2022 | — | +19.94% |
| 2021 | — | +53.85% |
Risk
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 20.17% | 17.51% |
| Downside volatility ⓘ | 13.51% | 11.92% |
| Sharpe ratio ⓘ | 0.76 | 0.23 |
| Sortino ratio ⓘ | 1.14 | 0.34 |
| Maximum drawdown ⓘ | −25.96% | −33.43% |
| Recovery from that fall | 14 months | 4 months |
| Current fall from peak | −6.74% | −13.31% |
| Rolling 1-year return: worst | −5.99% | −29.52% |
| Rolling 1-year return: median | +20.87% | +12.64% |
| Rolling 1-year return: best | +68.11% | +121.29% |
| Share of 1-year periods with a loss | 5.66% | 22.31% |
Against each fund's benchmark
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Beta ⓘ | 1.05 | 0.89 |
| Alpha (Jensen's, annualised) ⓘ | +5.80% | −3.18% |
| R² ⓘ | 87.10 | 81.57 |
| Upside capture | 116.99% | 81.59% |
| Downside capture | 96.03% | 89.05% |
| Tracking error | 7.53% | 8.05% |
| Information ratio | 0.90 | -0.57 |
| Treynor ratio | 14.29 | 4.15 |
Portfolio
Asset mix
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Equity | 99.18% | 79.59% |
| Cash & equivalents | 0.82% | 0.90% |
| Debt | 0.00% | 3.76% |
| Derivatives | 0.00% | 3.70% |
Market-cap split (share of fund assets)
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Large Cap | 4.69% | 14.02% |
| Mid Cap | 65.34% | 57.63% |
| Small Cap | 24.98% | 7.95% |
| Unclassified | 4.17% | 0.00% |
Concentration
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Top 10 holdings | 36.79% | 68.80% |
| Effective number of stocks ⓘ | 39.4 | 17.4 |
| Securities held | 72 | 35 |
Portfolio overlap: 7.1%
5 companies are held by both funds; by weight, 7.1% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HSBC Midcap | Quant Mid Cap |
|---|---|---|
| Zydus Lifesciences Limited | 2.82% | 2.44% |
| Nippon Life India Asset Management Limited | 2.01% | 4.67% |
| IPCA Laboratories Limited | 1.75% | 2.01% |
| Cochin Shipyard Limited | 1.60% | 0.86% |
| Persistent Systems Limited | 0.01% | 1.72% |
Top 10 holdings
HSBC Midcap
- Lenskart Solutions Limited5.08%
- Meesho Ltd5.04%
- The Federal Bank Limited3.90%
- Aditya Infotech Limited3.64%
- Piramal Finance Limited3.56%
- FSN E-Commerce Ventures Limited3.38%
- Apar Industries Limited3.16%
- GE Vernova T&D India Limited3.09%
- Ather Energy Limited3.03%
- Dhoot Transmission Ltd2.91%
Quant Mid Cap
- Aurobindo Pharma Limited10.71%
- TREPS 01-Oct-2026 DEPO 109.46%
- Lloyds Metals And Energy Limited9.04%
- Tata Communications Limited8.49%
- Indus Towers Limited6.01%
- IRB Infrastructure Developers Limited5.70%
- LG Electronics India Ltd5.09%
- Bharat Heavy Electricals Limited5.03%
- Nippon Life India Asset Management Limited4.67%
- Premier Energies Limited4.59%
Sector exposure
| HSBC Midcap | Quant Mid Cap | |
|---|---|---|
| Pharmaceuticals & Biotechnology | 7.91% | 19.08% |
| Electrical Equipment | 15.44% | 9.62% |
| Telecom - Services | 0.01% | 14.50% |
| Retailing | 13.51% | 0.00% |
| Banks | 11.01% | 0.47% |
| N.A. | 0.00% | 9.46% |
| Minerals & Mining | 0.00% | 9.04% |
| Finance | 7.32% | 0.00% |
| Construction | 0.00% | 5.70% |
| Auto Components | 5.52% | 0.56% |
| Industrial Manufacturing | 5.27% | 0.86% |
| Capital Markets | 5.11% | 4.67% |
| Consumer Durables | 0.14% | 5.09% |
| Chemicals & Petrochemicals | 2.01% | 3.55% |
Questions people ask
What is the difference between HSBC Midcap and Quant Mid Cap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +13.76% vs +0.95%; 3-year CAGR +21.87% vs +10.51%; 5-year CAGR — vs +14.47%; 10-year CAGR — vs +18.10%. Past returns do not indicate future returns.
How do HSBC Midcap and Quant Mid Cap compare on risk?
Volatility (36 monthly returns, annualised) 20.17% vs 17.51%; Sharpe ratio 0.76 vs 0.23; Sortino ratio 1.14 vs 0.34; maximum drawdown −25.96% vs −33.43%; beta 1.05 vs 0.89.
How much do HSBC Midcap and Quant Mid Cap overlap?
By weight, 7.1% of the two portfolios is invested in the same companies; 5 stocks are held by both, the largest shared positions being Zydus Lifesciences Limited, Nippon Life India Asset Management Limited, IPCA Laboratories Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Midcap and Quant Mid Cap?
HSBC Midcap: large cap 4.7%, mid cap 65.3%, small cap 25.0%. Quant Mid Cap: large cap 14.0%, mid cap 57.6%, small cap 8.0% (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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HSBC Midcap vs
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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 4 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.