# HSBC Multi Asset Active FOF

HSBC Asset Management (India) Private Ltd · Fund of Funds · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/hsbc-multi-asset-active-fof-129191
Figures as of 2 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Invests in other funds. Its latest portfolio: 10% shares, 4% cash and 85% other investments.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹7.92 lakh on 2 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 13.0% a year; similar funds earned 18.5% a year on average.
- **How bumpy:** Very high: big ups and downs, sometimes sharp falls. It made money in 87 of every 100 one-year stretches; its worst 12 months saw a fall of 18.4%.
- **Expense ratio:** 1.40% a year. Similar funds: 0.64% on average.
- **Fees and minimums:** A SIP from ₹500 a month. A fee may apply if you sell soon after buying; the full terms are under Cost.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹39.79 on 2 Nov 2026
- **Fund size:** ₹115 cr (2 Nov 2026)
- **Expense ratio:** 1.40% a year (typical in its category 0.64%)
- **Riskometer:** Very High
- **Benchmark:** BSE 200 TRI 65% + NIFTY Short Duration Debt Index 20% +Domestic Price of Gold (10%)+Domestic Price of Silver 5%
- **Category:** [Fund of Funds](https://discovermf.com/categories/fund-of-funds.md)
- **Fund house:** [HSBC Asset Management (India) Private Ltd](https://discovermf.com/fund-houses/hsbc)
- **Launched:** 30 Apr 2014
- **Exit load:** Exit Load :(i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1
year from the date of allotment. (ii) No Exit Load will be charged, if Units are redeemed/switched-out after 1 year from the date of allotment.
The exit loads set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively
- **Minimum investment:** ₹5,000 to start, ₹500 a month by SIP
- **AMFI scheme code:** 129191

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | -2.0% | — | — | — |
| 3 months | -4.2% | — | — | — |
| 6 months | -1.4% | — | — | — |
| 1 year | +4.5% | +6.6% | +0.5% | 93 of 165 |
| 3 years (a year) | +13.0% | +18.5% | +13.4% | 74 of 123 |
| 5 years (a year) | +9.8% | +11.0% | +10.7% | 39 of 86 |
| Since launch (a year) | +11.7% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | +1.0% | — |
| 2025 | +13.9% | — |
| 2024 | +15.9% | — |
| 2023 | +20.5% | — |
| 2022 | -0.5% | — |
| 2021 | +21.9% | — |
| 2020 | +16.4% | — |
| 2019 | +7.3% | — |
| 2018 | -3.8% | — |
| 2017 | +25.3% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 2 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹4.08 lakh | +8.2% |
| 5 years ago | ₹6 lakh | ₹7.92 lakh | +11.1% |
| 10 years ago | ₹12 lakh | ₹21.93 lakh | +11.6% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 14.2% | 16.3% |
| Worst fall, last year | -12.5% | — |
| Worst fall, last 3 years | -12.5% | — |
| Sharpe ratio, 3 years | 0.62 | — |
| Sortino ratio, 3 years | 0.83 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, August 2026

13 holdings. Equity 10.3%, Cash and equivalents 4.5%, Other 85.2%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| HSBC Large & Mid Cap Fund - Direct Growth | Internal - Mutual Fund Units | 13.69% |
| HSBC Flexi Cap Fund - Direct Growth | Internal - Mutual Fund Units | 13.58% |
| HSBC Multi Cap Fund - Direct Growth | Internal - Mutual Fund Units | 13.57% |
| HSBC Focused Fund - Direct Growth | Internal - Mutual Fund Units | 13.53% |
| HSBC Value Fund - Direct Growth | Internal - Mutual Fund Units | 13.45% |
| HSBC Medium To Long Duration Fund - Direct Growth | Internal - Mutual Fund Units | 7.38% |
| HSBC Corporate Bond Fund - Direct Growth | Internal - Mutual Fund Units | 6.15% |
| Treps | Cash | 4.98% |
| NIPPON INDIA MUTUALFUND | Exchange Traded Funds | 4.62% |
| NIPPON INDIA MUTUALFUND | Exchange Traded Funds | 4.55% |

### Largest sectors

| Sector | Weight |
| --- | --- |
| Internal - Mutual Fund Units | 85.2% |
| Exchange Traded Funds | 10.3% |

## Managers

- [Gautam Bhupal](https://discovermf.com/fund-managers/gautam-bhupal), since 21 Oct 2015

## Objective

The aim of the fund is to generate long-term capital growth and generate income by investing in Equity, Debt & commodity-based schemes (including Gold /Silver ETFs) and money market instruments.