HSBC Midcap Fund completes 22 years, delivers 23.17% CAGR in 3 years
HSBC Midcap Fund, which was launched in August 2004, has completed 22 years. The scheme has generated 18.92% CAGR since inception (August 9, 2004). If someone invested a lumpsum of Rs. 1,00,000 in the scheme when it was launched, the investment would have been worth Rs. 45,15,130 as on July 31, 2026.
The investment objective of the scheme is to provide long term capital appreciation by predominantly investing in mid-cap stocks. The scheme follows a disciplined, bottom-up approach focused on identifying quality businesses with sustainable earnings and long-term growth potential.
Over the past 1 year, the scheme has delivered 17.83% returns. Over the past 3 years, 5 years and 10 years, the scheme has delivered 23.17%, 17.71% and 16.44% CAGR returns, respectively, as on July 31, 2026.
If a monthly SIP would have been made in the scheme of Rs. 10,000 since inception (Rs. 26.40 Lakhs invested), it would be worth Rs. 2,43,53,173 Crores as on July 31, 2026.
Cheenu Gupta, SVP Equity & Fund Manager said “The completion of 22 years is a significant milestone for HSBC Midcap Fund and reflects our commitment to a disciplined, bottom-up investment approach. Over the years, our focus has remained on identifying quality businesses with sustainable earnings and long-term growth potential. We remain constructive on the medium-term outlook for the mid-cap segment, with improving return on equity and healthy earnings growth providing a supportive backdrop. Going forward, we will continue to focus on businesses with strong fundamentals and structural growth opportunities, while maintaining a differentiated approach to stock selection.”
The &AUM of the scheme stands at Rs. 15,578 crores as on July 31, 2026. The fund managers of the scheme are Cheenu Gupta and Mayank Chaturvedi #.
As of July 31, 2026, the portfolio comprised 55 equity stocks, with an active share of 72.93%. The fund follows an investment framework centred on Quality of Business, Quality of Management, Quality of Earnings and Quantum of Earnings, complemented by a top-down assessment of the broader market environment.
The scheme continues to identify opportunities across electrical equipment, retailing, industrial manufacturing, NBFCs and private banks, where it sees structural growth drivers and favourable business fundamentals.
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