HSBC Value Fund vs LIC MF Value Fund
HSBC Value Fund and LIC MF Value Fund are both Value / Contra funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +14.86% vs +16.94%, 5-year CAGR — vs —, volatility 16.11% vs 18.70%, maximum drawdown −19.61% vs −25.20%. Their portfolios overlap by 16.9% (13 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 Value | LIC MF Value | |
|---|---|---|
| Fund house | HSBC Mutual Fund | LIC Mutual Fund |
| Compared as | Value / Contra | Value / Contra |
| NAV | ₹124.4283 | ₹30.6271 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 28 Nov 2022 | 31 Jul 2023 |
| Track record | 3.9 yrs | 3.3 yrs |
| Fund size (AUM) | ₹14,660 Cr | ₹336 Cr |
| Securities held | 86 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HSBC Value | LIC MF Value | |
|---|---|---|
| 1 month | +1.19% | −1.06% |
| 3 months | −4.11% | −3.42% |
| 6 months | −3.19% | +7.41% |
| 1 year | −1.66% | +15.60% |
| 3 years (CAGR) | +14.86% | +16.94% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +17.19% | +16.24% |
| 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 Value | LIC MF Value | |
|---|---|---|
| 2026 (year to date) | −3.43% | +15.83% |
| 2025 | +8.02% | −5.73% |
| 2024 | +27.13% | +30.38% |
| 2023 | +40.71% | — |
Risk
| HSBC Value | LIC MF Value | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.11% | 18.70% |
| Downside volatility ⓘ | 11.05% | 13.17% |
| Sharpe ratio ⓘ | 0.52 | 0.56 |
| Sortino ratio ⓘ | 0.76 | 0.79 |
| Maximum drawdown ⓘ | −19.61% | −25.20% |
| Recovery from that fall | 4 months | 15 months |
| Current fall from peak | −5.31% | −3.95% |
| Rolling 1-year return: worst | −5.67% | −11.01% |
| Rolling 1-year return: median | +11.43% | +12.70% |
| Rolling 1-year return: best | +64.98% | +47.61% |
| Share of 1-year periods with a loss | 6.07% | 25.49% |
Against each fund's benchmark
| HSBC Value | LIC MF Value | |
|---|---|---|
| Beta ⓘ | 1.02 | 1.07 |
| Alpha (Jensen's, annualised) ⓘ | +3.63% | +5.56% |
| R² ⓘ | 91.62 | 77.71 |
| Upside capture | 115.02% | 126.36% |
| Downside capture | 101.20% | 106.70% |
| Tracking error | 4.86% | 9.00% |
| Information ratio | 0.82 | 0.66 |
| Treynor ratio | 7.48 | 9.00 |
Portfolio
Asset mix
| HSBC Value | LIC MF Value | |
|---|---|---|
| Equity | 98.11% | 96.99% |
| Cash & equivalents | 1.89% | 2.98% |
Market-cap split (share of fund assets)
| HSBC Value | LIC MF Value | |
|---|---|---|
| Large Cap | 41.68% | 32.80% |
| Mid Cap | 17.66% | 10.57% |
| Small Cap | 38.28% | 42.05% |
| Unclassified | 0.49% | 11.57% |
Concentration
| HSBC Value | LIC MF Value | |
|---|---|---|
| Top 10 holdings | 31.57% | 38.78% |
| Effective number of stocks ⓘ | 54.8 | 36.4 |
| Securities held | 86 | 50 |
Portfolio overlap: 16.9%
13 companies are held by both funds; by weight, 16.9% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HSBC Value | LIC MF Value |
|---|---|---|
| HDFC Bank Limited | 5.07% | 3.51% |
| State Bank of India | 3.01% | 1.87% |
| ICICI Bank Limited | 4.00% | 1.67% |
| NTPC Limited | 1.60% | 1.76% |
| Tech Mahindra Limited | 1.95% | 1.33% |
| Shriram Finance Limited | 2.09% | 1.18% |
| Axis Bank Limited | 1.18% | 1.25% |
| Mahindra & Mahindra Financial Services Limited | 1.03% | 1.13% |
| Tata Motors Ltd | 0.95% | 2.19% |
| Sun Pharmaceutical Industries Limited | 1.06% | 0.84% |
| Kotak Mahindra Bank Limited | 0.81% | 0.84% |
| K.P.R. Mill Limited | 1.29% | 0.68% |
| Bharat Bijlee Ltd. | 0.25% | 0.45% |
Top 10 holdings
HSBC Value
- HDFC Bank Limited5.07%
- ICICI Bank Limited4.00%
- Karur Vysya Bank Limited3.50%
- The Federal Bank Limited3.15%
- State Bank of India3.01%
- Finolex Cables Limited2.97%
- Reliance Industries Limited2.72%
- PNB Housing Finance Limited2.72%
- Balrampur Chini Mills Limited2.33%
- Larsen & Toubro Limited2.10%
LIC MF Value
- INDO-MIM Ltd.7.68%
- Tata Motors Passenger Vehicles Limited5.03%
- Kirloskar Brothers Limited3.60%
- HDFC Bank Limited3.51%
- National Stock Exchange Of India Ltd3.36%
- Schaeffler India Ltd.3.32%
- Nephrocare Health Services Ltd3.14%
- Hyundai Motor India Ltd.3.12%
- SML Mahindra Ltd.3.06%
- Saregama India Limited2.96%
Sector exposure
| HSBC Value | LIC MF Value | |
|---|---|---|
| Banks | 24.68% | 10.29% |
| Auto Components | 0.49% | 13.38% |
| Industrial Products | 6.11% | 9.08% |
| Automobiles | 4.32% | 8.15% |
| Industrial Manufacturing | 0.00% | 8.11% |
| Finance | 7.57% | 2.31% |
| Textiles & Apparels | 7.05% | 3.87% |
| Agricultural, Commercial & Construction Vehicles | 0.95% | 5.25% |
| Pharmaceuticals & Biotechnology | 1.83% | 5.15% |
| Construction | 3.95% | 0.00% |
| Petroleum Products | 3.71% | 0.00% |
| Electrical Equipment | 2.23% | 3.67% |
| IT - Software | 3.56% | 3.28% |
| Realty | 3.41% | 0.81% |
Questions people ask
What is the difference between HSBC Value and LIC MF Value returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −1.66% vs +15.60%; 3-year CAGR +14.86% vs +16.94%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do HSBC Value and LIC MF Value compare on risk?
Volatility (36 monthly returns, annualised) 16.11% vs 18.70%; Sharpe ratio 0.52 vs 0.56; Sortino ratio 0.76 vs 0.79; maximum drawdown −19.61% vs −25.20%; beta 1.02 vs 1.07.
How much do HSBC Value and LIC MF Value overlap?
By weight, 16.9% of the two portfolios is invested in the same companies; 13 stocks are held by both, the largest shared positions being HDFC Bank Limited, State Bank of India, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HSBC Value and LIC MF Value?
HSBC Value: large cap 41.7%, mid cap 17.7%, small cap 38.3%. LIC MF Value: large cap 32.8%, mid cap 10.6%, small cap 42.1% (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.
More comparisons
HSBC Value 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.