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HSBC FlexiCap
Basic Facts
release date
February 24, 2004
Categories
fairness
type
Flexi Cap
Assets under management*
4,435 crores
standard
NIFTY 500 Total
Return Index
What is the cost?
Navigation**
Growth Options
211.58 rupees
India
47.68 rupees
Minimum investment amount
5,000 rupees
Minimum SIP Amount
1,000 rupees
Expense Ratio# (%)
1.94
End Load
For units exceeding 10% of the investment amount, a 1% fee will be charged if redeemed within 365 days.
*As of May 31, 2024
**As of July 2, 2024
#As of June 28, 2024
Fund Manager
Venugopal Mangat (photo)/Abhishek Gupta
2 months / 3 months
Recent Portfolio Changes
Newcomers
Birlasoft, Mangalore Chemicals & Fertilizers and PNC Infratech (April). Coforge, Concord Biotech, Go Digit General Insurance, Grindwell Norton, Hindustan Aeronautics and Persistent Systems (May).
Complete Finish
Canara Bank, Kotak Mahindra Bank, Maruti Suzuki India and Tata Communications (April). APL Apollo Tubes, Apollo Hospitals Enterprise, CIE Automotive India, Mphasis, Pfizer and Tata Consultancy Services (May).
Should I buy it?
Formerly known as HSBC Multicap Equity, the fund has been rebranded as Flexicap Fund to reflect its liquid positioning. The fund prefers quality businesses that are scalable and characterised by strong execution capabilities, proven operational track record and strong financials. ESG parameters and ratings are also incorporated into the framework. Currently, it has a stronger presence in mid- and small-cap stocks compared to many of its peers. The fund’s long-term track record shows that it has chronically underperformed across market cycles. However, with an allocation to mid- and small-cap stocks, the return profile has visibly improved since last year. This performance needs to be sustained for a longer period to improve credibility.
