Aditya Birla Sun Life Flexi Cap Fund Direct-Growth
HSBC Flexi Cap Fund Direct-Growth
Description
The fund seeks long-term growth of capital and regular income through 90% investment in equities and 10% in debt and money market securities. The scheme would adopt top-down & bottom-up approach of investing & a portion of the scheme will also be invested in IPOs, emerging sectors & other primary market offerings.
The scheme seeks long term capital growth through investments made dynamically across market capitalization. The investment could be in any one, two or all three types of market capitalization. The scheme aims to predominantly invest in equity and equity related securities.
Fund Manager
Harish Krishnan, Dhaval Joshi
Abhishek Gupta, Mayank Chaturvedi
AMC
Aditya Birla Sun Life Mutual Fund
HSBC Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
38.3%
Moderate overlap
common holdings
38.3% of the combined portfolio weight is common between Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and HSBC Flexi Cap Fund Direct-Growth.
26 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 6.10% of Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and 4.52% of HSBC Flexi Cap Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
ICICI Bank Ltd.HDFC Bank Ltd.Reliance Industries Ltd.State Bank of IndiaBharti Airtel Ltd.Axis Bank Ltd.Infosys Ltd.Shriram Finance Ltd
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has delivered the higher 3-year CAGR (17.19% vs 17.00%). Aditya Birla Sun Life Flexi Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.90% against 1.30%. Aditya Birla Sun Life Flexi Cap Fund Direct-Growth manages the larger corpus at ₹26.73k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Aditya Birla Sun Life Flexi Cap Fund Direct-Growth returned 13.04% against 7.17% for HSBC Flexi Cap Fund Direct-Growth; and over 3 years, Aditya Birla Sun Life Flexi Cap Fund Direct-Growth leads with a 17.19% CAGR versus 17.00%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has the lower expense ratio at 0.90%, compared with 1.30% for HSBC Flexi Cap Fund Direct-Growth — a difference of 0.40% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Aditya Birla Sun Life Flexi Cap Fund Direct-Growth and HSBC Flexi Cap Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 38.3%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Flexi Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth has a NAV of ₹2232.57 and an AUM of ₹26.73k Cr, and was launched on 31 Dec 2012. HSBC Flexi Cap Fund Direct-Growth has a NAV of ₹259.96 and an AUM of ₹5.63k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
