HSBC Mutual Fund
Part of HSBC Securities and Capital Markets (India) Private Limited, HSBC Mutual Funds is one of the leading AMCs in the investment market of the country. Being a part of the 7th largest bank in the world, it offers international quality investment options and services to prospective investors across the nation.
HSBC Mutual Fund serves more than 1 million customers through its 1000 plus offices spread all over India. It operates with a total corpus of Rs. 109825.42 Crore as of 2024, and offers more than 103 different types of schemes under three types of options, equity, debt, and product add-on funds.
An abbreviation of the Hong Kong and Shanghai Banking Corporation, the HSBC empire is over 100 years old and was established by Sir Thomas Sutherland in 1886. It is the world’s 7th largest bank in terms of total assets and revenues. Although it is owned by the British, it has an unbeatable track record in wealth and asset management in South Asia too, besides retail and corporate banking.
Given the unpredictable atmosphere in Hong Kong over the ‘One Nation Two System’ norm, HSBC was though to face stiff resistance in entering the Mutual Funds business in India. That, however, did not happen because of their excellent track record in almost every department of banking.
The HSBC empire has more than 100 million active customers all over the world in every continent except the Polar regions. It has a total market capitalisation of more than £102.7 billion as of the end of 2018. It is the second largest company which is listed on London’s Stock Exchange behind only Royal Dutch Shell.
These figures are sufficient to prove the antecedents of their Mutual Funds business. All their businesses in this sector in India are controlled by their wholly-owned subsidiary, the HSBC Asset Management (India) Private Limited.
HSBC’s India business is one of their biggest assets and it has bigger plans for further growth in South East Asia too.
HSBC’s Mutual Fund house was set up in accordance with the Indian Trusts Act of 1882. Its registration number for the Securities and Exchange Board of India (Mutual Funds) under SEBI’s guidelines is MF/046/02/5 (dated May 27, 2002).
Key Information
- Mutual Fund Name
- HSBC Mutual Fund
- AMC Setup Date
- 27 May 2002
- AMC Incorporatin Date
- 12 December 2001
- Sponsor Name
- HSBC Securities and Capital Markets (India) Private Limited
- Trustee Organization
- Board of Trustees, HSBC Mutual Fund
- Name of Trustees
- CIO
- Mr. Venugopal Manghat (Equity), Mr. Shriram Ramanathan (Fixed Income)
- MD and CEO
- Mr. Kailash Kulkarni
- Compliance Officer
- Mr. Sumesh Kumar
List of HSBC Mutual Fund in India
HSBC Value Fund Direct Growth | Equity | Very High | 10.07% | 12600 |
HSBC Flexi Cap Fund Direct Growth | Equity | Very High | 9.56% | 4547 |
HSBC Balanced Advantage Fund Direct Growth | Hybrid | Moderately High | 9.48% | 1470 |
HSBC Equity Savings Fund Direct Growth | Hybrid | Moderate | 8.96% | 624 |
HSBC Medium Duration Fund Direct Growth | Debt | Moderate | 10.53% | 658 |
HSBC Overnight Fund Direct Growth | Debt | Low | 6.61% | 2086 |
HSBC Infrastructure Fund Direct Growth | Equity | Very High | 6.13% | 2228 |
HSBC Midcap Fund Direct Growth | Equity | Very High | 6.5% | 10361 |
HSBC Small Cap Fund Direct Growth | Equity | Very High | 2.66% | 14493 |
HSBC Large and Mid Cap Fund Direct Growth | Equity | Moderately High | 7.02% | 3769 |
HSBC ELSS Tax Saver Fund Direct Growth | Equity | Very High | 12.23% | 3870 |
HSBC Focused Fund Direct Growth | Equity | Very High | 6.02% | 1554 |
HSBC Nifty Next 50 Index Fund Direct Growth | Equity | Very High | 3.44% | 124 |
HSBC Large Cap Fund Direct Growth | Equity | Very High | 7.17% | 1784 |
HSBC Aggressive Hybrid Active FoF Direct Growth | Hybrid | Very High | 7.16% | 38 |
See All |
Top Fund Managers
1. Mr. Neelotpal Sahai
Mr. Neelotpal Sahai is the current Head of Equities at HSBC AM (India). He is an Indian Institute of Technology (Varanasi) graduate, with a Post Graduate Diploma in Management from Indian Institute of Management, Kolkata.
Mr. Sahai started his career as a Senior Management Trainee for Hewlett Packard in 1994. In 1997, he moved to SBC Warburg as a Research Analyst and later joined Infosys Technologies Ltd. as a Senior Project Manager.
Mr. Sahai’s tryst in the financial sector started in 2006 when he joined IDFC Investment Advisors Ltd. as a Senior Research Analyst. He became the Director of Equity Portfolio management for IDFC in 2010 and shifted to HSBC Asset Management as the Head of Equities department in 2013. He currently handles Rs. 744 Crore as HSBC Large Cap Equity Fund along with several other associated investment option’s Equity portions.
2. Ms. Cheenu Gupta
She is a CFA Charter holder (USA), PGDBM (Finance) and has also done B.E.(I.T). Before becoming a part of HSBC Mutual Fund, she was associated with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager. She has also worked as a Senior Research Analyst at ING Investment Management and as a Research Analyst at UTI AMC Ltd.
3. Mr. Gautam Bhupal
He holds a B.Com (Hons), PGDBM and is also a CA, CS. Before getting associated with HSBC Mutual Fund, he was a part of Motilal Oswal Securities Ltd., Vickers Ballas Securities Ltd, SBC Warburg, IDFC Asset Management Company Ltd, UTI Securities Ltd, Infosys Ltd.