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.
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.
Fund Manager
Abhishek Gupta, Mayank Chaturvedi
Ajay Tyagi, Akash Dilip Shah
AMC
HSBC Mutual Fund
UTI Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
20.3%
Low overlap
common holdings
20.3% of the combined portfolio weight is common between HSBC Flexi Cap Fund Direct-Growth and UTI Flexi Cap Fund Direct-Growth.
15 stocks appear in both portfolios.
The largest shared holding is ICICI Bank Ltd., at 4.52% of HSBC Flexi Cap Fund Direct-Growth and 6.24% of UTI Flexi Cap Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
ICICI Bank Ltd.HDFC Bank Ltd.Eternal Ltd.Bharti Airtel Ltd.Coforge Ltd.Titan Company Ltd.Avenue Supermarts Ltd.Maruti Suzuki India Ltd.
HSBC Flexi Cap Fund Direct-Growth has delivered the higher 3-year CAGR (17.00% vs 10.07%). UTI Flexi Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 1.05% against 1.30%. UTI Flexi Cap Fund Direct-Growth manages the larger corpus at ₹22.88k 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, HSBC Flexi Cap Fund Direct-Growth returned 7.17% against 3.56% for UTI Flexi Cap Fund Direct-Growth; and over 3 years, HSBC Flexi Cap Fund Direct-Growth leads with a 17.00% CAGR versus 10.07%. 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.
UTI Flexi Cap Fund Direct-Growth has the lower expense ratio at 1.05%, compared with 1.30% for HSBC Flexi Cap Fund Direct-Growth — a difference of 0.25% 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 HSBC Flexi Cap Fund Direct-Growth and UTI 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 20.3%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. 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.
HSBC Flexi Cap Fund Direct-Growth has a NAV of ₹259.96 and an AUM of ₹5.63k Cr, and was launched on 31 Dec 2012. UTI Flexi Cap Fund Direct-Growth has a NAV of ₹358.41 and an AUM of ₹22.88k 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.
