What stocks does HSBC Midcap Fund hold?

HSBC Midcap Fund holds a portfolio of Indian equity stocks disclosed monthly by HSBC Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages HSBC Midcap Fund?

HSBC Midcap Fund is managed by HSBC Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is HSBC Midcap Fund?

HSBC Midcap Fund is classified as a Mid Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is HSBC Midcap Fund portfolio data updated?

Portfolio holdings for HSBC Midcap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← HSBC Mutual Fund

HSBC Midcap Fund - Direct Growth

Mid Cap Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹13,198.68 Cr

Equity only, excl. debt & cash

Top 5 Weight

23.5%

Diversified

Top 10 Weight

40.6%

Moderate

Changes

8 new · 1 exits

Top Sector

Electrical Equipment

18.2% of portfolio

📋 What Happened This Month HSBC Midcap Fund made 8 new additions and exited 1 stock this month. The biggest new buy was Netweb Technologies India Limited (IT - Services) at 1.87% weight. Reliance Industries Limited was the biggest exit (Petroleum Products), which was held at 0.94%. Among existing holdings, Bharat Heavy Electricals Limited saw the biggest increase — now at 2.63% of the portfolio. Cummins India Limited was trimmed the most, now at 0.05%. BSE Limited remains the top holding with Electrical Equipment the dominant sector at 18.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

1 year history · HSBC Midcap Fund - Direct Growth

+3.01%

+14.04%

+12.60%

+18.29%

Latest NAV

₹508.59

04 Jun 2026

52W High

₹508.89

-0% from High

52W Low

₹351.12

+45% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

-0.3%

2024

+41.2%

2023

+41.5%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

29.9%

+ve in 93% windows

72.9% / -4.9%

3Y Rolling Avg

26.3% p.a.

+ve in 100% windows

30.6% / 22.0%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-26.0%

Rec: Apr 2026 (1yr 8mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

1.28

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.74

Penalises downside volatility only.

Std Deviation (3Y)

18.0%

Lower = more consistent returns.

NAV Chart ₹508.59 04 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

HSBC Midcap Fund - Direct Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹508.59

Sector Shift Industry allocation month-over-month

Earlier shift unavailable

Needs 3 months of holdings data.

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Electrical Equipment	13.4%	18.2%	▲ +4.8%
Capital Markets	12.5%	15.1%	▲ +2.6%
Banks	9.2%	8.5%	▼ -0.7%
Retailing	9.1%	8.1%	▼ -1.0%
Industrial Products	7.6%	5.8%	▼ -1.9%
Finance	5.8%	5.2%	▼ -0.6%
Pharmaceuticals & Biotechnology	6.2%	4.9%	▼ -1.3%
Industrial Manufacturing	4.0%	4.0%	● 0.0%
Aerospace & Defense	3.7%	3.8%	▲ +0.1%
Financial Technology (Fintech)	3.5%	3.4%	● 0.0%

🟢

Biggest New Buy

Netweb Technologies India Limited

1.87% weight · IT - Services

🔴

Biggest Exit

Reliance Industries Limited

0.94% was held · Petroleum Products

↑

Biggest Add

Bharat Heavy Electricals Limited

+1.67% · now 2.63%

↓

Biggest Trim

Cummins India Limited

-1.78% · now 0.05%

🤝 Other funds also bought this month

Jindal Steel Limited 28 funds

JSW Energy Limited 28 funds

Ather Energy Limited 24 funds

Syngene International Limited 19 funds

Thermax Limited 18 funds

APL Apollo Tubes Limited 16 funds

👋 Other funds also exited

Reliance Industries Limited 29 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 8 New Entries 🔴 1 Exit ↑ 22 Increased ↓ 35 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Netweb Technologies India Limited ₹250.07 Cr	IT - Services	1.87%
2	JSW Energy Limited ₹142.20 Cr	Power	1.06%
3	Ather Energy Limited ₹135.17 Cr	Automobiles	1.01%
4	Atlanta Electricals Ltd ₹131.19 Cr	Electrical Equipment	0.98%
5	Thermax Limited ₹99.54 Cr	Electrical Equipment	0.74%
6	APL Apollo Tubes Limited ₹86.45 Cr	Industrial Products	0.65%
7	Syngene International Limited ₹61.81 Cr	Healthcare Services	0.46%
8	Jindal Steel Limited ₹61.36 Cr	Ferrous Metals	0.46%

#	Stock	Sector	Last Weight (Mar 2026)
1	Reliance Industries Limited ₹106.57 Cr	Petroleum Products	0.94%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Bharat Heavy Electricals Limited ₹352.03 Cr	Electrical Equipment	0.96%	2.63%	+1.67%
2	BSE Limited ₹686.91 Cr	Capital Markets	4.01%	5.13%	+1.12%
3	Billionbrains Garage Ventures Ltd ₹519.60 Cr	Capital Markets	2.88%	3.88%	+1.00%
4	Data Patterns (India) Limited ₹108.48 Cr	Aerospace & Defense	0.00%	0.81%	+0.81%
5	Hitachi Energy India Limited ₹632.25 Cr	Electrical Equipment	4.03%	4.72%	+0.69%
6	Indian Bank ₹355.60 Cr	Banks	2.07%	2.66%	+0.59%
7	Piramal Finance Ltd ₹470.34 Cr	Finance	3.00%	3.51%	+0.51%
8	Nippon Life India Asset Management Limited ₹254.14 Cr	Capital Markets	1.52%	1.90%	+0.38%
9	Apar Industries Limited ₹247.51 Cr	Electrical Equipment	1.51%	1.85%	+0.34%
10	Hindalco Industries Limited ₹96.16 Cr	Non - Ferrous Metals	0.49%	0.72%	+0.23%
11	TD Power Systems Limited ₹215.62 Cr	Electrical Equipment	1.40%	1.61%	+0.21%
12	GE Vernova T&D India Limited ₹661.37 Cr	Electrical Equipment	4.75%	4.94%	+0.19%
13	Radico Khaitan Limited ₹271.69 Cr	Beverages	1.84%	2.03%	+0.19%
14	Lupin Limited ₹283.72 Cr	Pharmaceuticals & Biotechnology	1.99%	2.12%	+0.13%
15	Kirloskar Oil Engines Limited ₹226.56 Cr	Industrial Products	1.56%	1.69%	+0.13%
16	The Federal Bank Limited ₹516.54 Cr	Banks	3.75%	3.86%	+0.11%
17	Multi Commodity Exchange of India Limited ₹262.79 Cr	Capital Markets	1.86%	1.96%	+0.10%
18	National Aluminium Company Limited ₹142.24 Cr	Non - Ferrous Metals	0.97%	1.06%	+0.09%
19	Oil India Limited ₹194.35 Cr	Oil	1.41%	1.45%	+0.04%
20	Godfrey Phillips India Limited ₹249.42 Cr	Cigarettes & Tobacco Products	1.83%	1.86%	+0.03%
21	NTPC Green Energy Limited ₹188.04 Cr	Power	1.39%	1.40%	+0.01%
22	Bosch Home Comfort India Limited ₹11.83 Cr	Consumer Durables	0.08%	0.09%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Cummins India Limited ₹6.80 Cr	Industrial Products	1.83%	0.05%	-1.78%
2	Bharti Hexacom Limited ₹98.91 Cr	Telecom - Services	2.36%	0.74%	-1.62%
3	RBL Bank Limited ₹13.37 Cr	Banks	1.37%	0.10%	-1.27%
4	Anthem Biosciences Limited ₹89.08 Cr	Pharmaceuticals & Biotechnology	1.79%	0.67%	-1.12%
5	Ashok Leyland Limited ₹68.06 L	Agricultural, Commercial & Construction Vehicles	1.07%	0.01%	-1.06%
6	Polycab India Limited ₹348.36 Cr	Industrial Products	3.43%	2.60%	-0.83%
7	Motherson Sumi Wiring India Limited ₹1.17 Cr	Auto Components	0.82%	0.01%	-0.81%
8	Dixon Technologies (India) Limited ₹2.98 Cr	Consumer Durables	0.79%	0.02%	-0.77%
9	eClerx Services Limited ₹39.44 Cr	Commercial Services & Supplies	1.00%	0.29%	-0.71%
10	Bharat Electronics Limited ₹402.47 Cr	Aerospace & Defense	3.70%	3.01%	-0.69%
11	CRISIL Limited ₹7.07 Cr	Finance	0.59%	0.05%	-0.54%
12	Aditya Birla Capital Limited ₹98.79 Cr	Finance	1.24%	0.74%	-0.50%
13	Lenskart Solutions Limited ₹431.74 Cr	Retailing	3.68%	3.23%	-0.45%
14	Tata Power Company Limited ₹1.89 L	Power	0.45%	0.00%	-0.45%
15	ZF Commercial Vehicle Control Systems India Limited ₹18.23 L	Auto Components	0.40%	0.00%	-0.40%
16	Eternal Limited ₹64.46 L	Retailing	0.33%	0.00%	-0.33%
17	Persistent Systems Limited ₹2.03 Cr	IT - Software	0.32%	0.02%	-0.30%
18	IPCA Laboratories Limited ₹149.90 Cr	Pharmaceuticals & Biotechnology	1.38%	1.12%	-0.26%
19	FSN E-Commerce Ventures Limited ₹648.59 Cr	Retailing	5.08%	4.85%	-0.23%
20	Safari Industries India Ltd ₹114.22 Cr	Consumer Durables	1.02%	0.85%	-0.17%
21	Oil & Natural Gas Corporation Limited ₹175.07 Cr	Oil	1.47%	1.31%	-0.16%
22	City Union Bank Limited ₹249.20 Cr	Banks	1.95%	1.86%	-0.09%
23	Shriram Finance Limited ₹111.67 Cr	Finance	0.92%	0.83%	-0.09%
24	Gabriel India Limited ₹18.61 Cr	Auto Components	0.23%	0.14%	-0.09%
25	Bharat Forge Limited ₹176.28 Cr	Auto Components	1.38%	1.32%	-0.06%
26	Mankind Pharma Limited ₹127.79 Cr	Pharmaceuticals & Biotechnology	1.01%	0.95%	-0.06%
27	Tata Steel Limited ₹120.00 Cr	Ferrous Metals	0.96%	0.90%	-0.06%
28	PB Fintech Limited ₹459.74 Cr	Financial Technology (Fintech)	3.47%	3.43%	-0.04%
29	Thyrocare Technologies Limited ₹175.06 Cr	Healthcare Services	1.35%	1.31%	-0.04%
30	Schaeffler India Limited ₹62.49 Cr	Auto Components	0.51%	0.47%	-0.04%
31	KEI Industries Limited ₹102.90 Cr	Industrial Products	0.80%	0.77%	-0.03%
32	JSW Steel Limited ₹80.22 Cr	Ferrous Metals	0.63%	0.60%	-0.03%
33	Avalon Technologies Limited ₹93.40 Cr	Electrical Equipment	0.72%	0.70%	-0.02%
34	Aditya Infotech Limited ₹400.89 Cr	Industrial Manufacturing	3.00%	2.99%	-0.01%
35	ICICI Prudential Asset Management Company Limited ₹296.89 Cr	Capital Markets	2.23%	2.22%	-0.01%

Full Portfolio

87 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	BSE Limited ₹686.91 Cr	Capital Markets	5.13%
2	GE Vernova T&D India Limited ₹661.37 Cr	Electrical Equipment	4.94%
3	FSN E-Commerce Ventures Limited ₹648.59 Cr	Retailing	4.85%
4	Hitachi Energy India Limited ₹632.25 Cr	Electrical Equipment	4.72%
5	Billionbrains Garage Ventures Ltd ₹519.60 Cr	Capital Markets	3.88%
6	The Federal Bank Limited ₹516.54 Cr	Banks	3.86%
7	Piramal Finance Ltd ₹470.34 Cr	Finance	3.51%
8	PB Fintech Limited ₹459.74 Cr	Financial Technology (Fintech)	3.43%
9	Lenskart Solutions Limited ₹431.74 Cr	Retailing	3.23%
10	Bharat Electronics Limited ₹402.47 Cr	Aerospace & Defense	3.01%
11	Aditya Infotech Limited ₹400.89 Cr	Industrial Manufacturing	2.99%
12	Indian Bank ₹355.60 Cr	Banks	2.66%
13	Bharat Heavy Electricals Limited ₹352.03 Cr	Electrical Equipment	2.63%
14	Polycab India Limited ₹348.36 Cr	Industrial Products	2.60%
15	ICICI Prudential Asset Management Company Limited ₹296.89 Cr	Capital Markets	2.22%
16	Lupin Limited ₹283.72 Cr	Pharmaceuticals & Biotechnology	2.12%
17	Radico Khaitan Limited ₹271.69 Cr	Beverages	2.03%
18	Multi Commodity Exchange of India Limited ₹262.79 Cr	Capital Markets	1.96%
19	Nippon Life India Asset Management Limited ₹254.14 Cr	Capital Markets	1.90%
20	Netweb Technologies India Limited ₹250.07 Cr	IT - Services	1.87%
21	Godfrey Phillips India Limited ₹249.42 Cr	Cigarettes & Tobacco Products	1.86%
22	City Union Bank Limited ₹249.20 Cr	Banks	1.86%
23	Apar Industries Limited ₹247.51 Cr	Electrical Equipment	1.85%
24	Kirloskar Oil Engines Limited ₹226.56 Cr	Industrial Products	1.69%
25	TD Power Systems Limited ₹215.62 Cr	Electrical Equipment	1.61%
26	Oil India Limited ₹194.35 Cr	Oil	1.45%
27	NTPC Green Energy Limited ₹188.04 Cr	Power	1.40%
28	Bharat Forge Limited ₹176.28 Cr	Auto Components	1.32%
29	Oil & Natural Gas Corporation Limited ₹175.07 Cr	Oil	1.31%
30	Thyrocare Technologies Limited ₹175.06 Cr	Healthcare Services	1.31%
31	IPCA Laboratories Limited ₹149.90 Cr	Pharmaceuticals & Biotechnology	1.12%
32	National Aluminium Company Limited ₹142.24 Cr	Non - Ferrous Metals	1.06%
33	JSW Energy Limited ₹142.20 Cr	Power	1.06%
34	Ather Energy Limited ₹135.17 Cr	Automobiles	1.01%
35	Atlanta Electricals Ltd ₹131.19 Cr	Electrical Equipment	0.98%
36	Kaynes Technology India Limited ₹131.06 Cr	Industrial Manufacturing	0.98%
37	Mankind Pharma Limited ₹127.79 Cr	Pharmaceuticals & Biotechnology	0.95%
38	Tata Steel Limited ₹120.00 Cr	Ferrous Metals	0.90%
39	Safari Industries India Ltd ₹114.22 Cr	Consumer Durables	0.85%
40	Shriram Finance Limited ₹111.67 Cr	Finance	0.83%
41	Data Patterns (India) Limited ₹108.48 Cr	Aerospace & Defense	0.81%
42	KEI Industries Limited ₹102.90 Cr	Industrial Products	0.77%
43	Aditya Birla Capital Limited ₹98.79 Cr	Finance	0.74%
44	Bharti Hexacom Limited ₹98.91 Cr	Telecom - Services	0.74%
45	Thermax Limited ₹99.54 Cr	Electrical Equipment	0.74%
46	Hindalco Industries Limited ₹96.16 Cr	Non - Ferrous Metals	0.72%
47	Avalon Technologies Limited ₹93.40 Cr	Electrical Equipment	0.70%
48	Anthem Biosciences Limited ₹89.08 Cr	Pharmaceuticals & Biotechnology	0.67%
49	APL Apollo Tubes Limited ₹86.45 Cr	Industrial Products	0.65%
50	JSW Steel Limited ₹80.22 Cr	Ferrous Metals	0.60%
51	Schaeffler India Limited ₹62.49 Cr	Auto Components	0.47%
52	Syngene International Limited ₹61.81 Cr	Healthcare Services	0.46%
53	Jindal Steel Limited ₹61.36 Cr	Ferrous Metals	0.46%
54	eClerx Services Limited ₹39.44 Cr	Commercial Services & Supplies	0.29%
55	Gabriel India Limited ₹18.61 Cr	Auto Components	0.14%
56	RBL Bank Limited ₹13.37 Cr	Banks	0.10%
57	Bosch Home Comfort India Limited ₹11.83 Cr	Consumer Durables	0.09%
58	CRISIL Limited ₹7.07 Cr	Finance	0.05%
59	Cummins India Limited ₹6.80 Cr	Industrial Products	0.05%
60	Muthoot Finance Limited ₹5.33 Cr	Finance	0.04%
61	Max Financial Services Limited ₹5.03 Cr	Insurance	0.04%
62	IDFC First Bank Limited ₹4.86 Cr	Banks	0.04%
63	Coforge Limited ₹4.82 Cr	IT - Software	0.04%
64	KPIT Technologies Limited ₹3.58 Cr	IT - Software	0.03%
65	Mazagon Dock Shipbuilders Limited ₹4.51 Cr	Industrial Manufacturing	0.03%
66	JK Cement Limited ₹3.70 Cr	Cement & Cement Products	0.03%
67	Dixon Technologies (India) Limited ₹2.98 Cr	Consumer Durables	0.02%
68	Swiggy Limited ₹2.62 Cr	Retailing	0.02%
69	The Indian Hotels Company Limited ₹2.16 Cr	Leisure Services	0.02%
70	Global Health Limited ₹2.14 Cr	Healthcare Services	0.02%
71	Persistent Systems Limited ₹2.03 Cr	IT - Software	0.02%
72	Max Healthcare Institute Limited ₹1.04 Cr	Healthcare Services	0.01%
73	Ashok Leyland Limited ₹68.06 L	Agricultural, Commercial & Construction Vehicles	0.01%
74	Biocon Limited ₹74.09 L	Pharmaceuticals & Biotechnology	0.01%
75	CG Power and Industrial Solutions Limited ₹1.01 Cr	Electrical Equipment	0.01%
76	InterGlobe Aviation Limited ₹1.06 Cr	Transport Services	0.01%
77	Divi's Laboratories Limited ₹1.15 Cr	Pharmaceuticals & Biotechnology	0.01%
78	Motherson Sumi Wiring India Limited ₹1.17 Cr	Auto Components	0.01%
79	Sundaram Finance Limited ₹1.39 Cr	Finance	0.01%
80	Eternal Limited ₹64.46 L	Retailing	0.00%
81	Abbott India Limited ₹28.74 L	Pharmaceuticals & Biotechnology	0.00%
82	TVS Motor Company Limited ₹27.94 L	Automobiles	0.00%
83	ZF Commercial Vehicle Control Systems India Limited ₹18.23 L	Auto Components	0.00%
84	Mahindra & Mahindra Financial Services Limited ₹16.23 L	Finance	0.00%
85	Blue Star Limited ₹10.69 L	Consumer Durables	0.00%
86	Tata Power Company Limited ₹1.89 L	Power	0.00%
87	Home First Finance Company India Limited ₹1.63 L	Finance	0.00%