Two funds walk into a table. Only the numbers talk.
HSBC Midcap Fund vs Invesco India Mid Cap Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AHSBC Midcap Fund
HSBC Mutual Fund- Mid Cap Fund
- Direct plan
- Very High Risk
NAV ₹538.97 on 13 Nov 2026
- BInvesco India Mid Cap Fund
Invesco Mutual Fund- Mid Cap Fund
- Direct plan
- Very High Risk
NAV ₹247.4 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 3 years all of them have been around.
Grew faster
BInvesco India Mid Cap Fund
Invesco India Mid Cap Fund returned 24% a year over 3 years, against 22.3% for HSBC Midcap Fund. ₹1 lakh invested 3 years ago would be about ₹1.91 Lakh today, against ₹1.83 Lakh.
Smoother ride
BInvesco India Mid Cap Fund
Invesco India Mid Cap Fund swung the least: about 17.4% a year either way, against 19% for HSBC Midcap Fund. Lower means fewer scary days.
Fell less in a crash
No fair winner yet
At its worst, HSBC Midcap Fund fell 26% from its peak, against 34.1% for Invesco India Mid Cap Fund. On ₹1 lakh, that's a dip to ₹65,905 at the bottom for Invesco India Mid Cap Fund. Could you have held on?
Not a fair fight: we only have data for HSBC Midcap Fund (from Nov 2022), so it has not been through the 2020 crash the others fell in.
More consistent
No fair winner yet
Pick any day in the past and hold for a year: HSBC Midcap Fund ended up in profit 94% of the time, against 88% for Invesco India Mid Cap Fund.
Not a fair fight: we only have data for HSBC Midcap Fund (from Nov 2022), so it has not been through the 2020 crash the others fell in.
Costs less
BInvesco India Mid Cap Fund
Invesco India Mid Cap Fund charges 0.76% a year, against 1.15% for HSBC Midcap Fund. On ₹1 lakh that's ₹760 a year against ₹1,150, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- AHSBC Midcap Fund₹17,975 from ₹10,000(21.7% a year)
- BInvesco India Mid Cap Fund₹18,745 from ₹10,000(23.4% a year)
A one-time ₹10,000 put in 3 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AHSBC Midcap Fund
- Strength: Ahead of its category: 22.3% a year over 3 years, against a category average of 16.3%
- Strength: In the top quarter of its category over 3 years (#2 of 28)
- Strength: Beat a 5-year SBI FD: 22.3% a year over 3 years, against 6.05%
- Watch out: Swings more than most funds in its category
BInvesco India Mid Cap Fund
- Strength: Ahead of its category: 18.8% a year over 5 years, against a category average of 14%
- Strength: In the top quarter of its category over 5 years (#1 of 21)
- Strength: Beat a 5-year SBI FD: 18.8% a year over 5 years, against 6.05%
- Watch out: Fell harder than its category in the worst crash
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AHSBC Midcap Fund | BInvesco India Mid Cap Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 17.5%Best#1 of 30 · avg 6.2% | 10.9%#2 of 30 · avg 6.2% |
| 3 yearsPer year, over a full market mood swing | 22.3%#2 of 28 · avg 16.3% | 24%Best#1 of 28 · avg 16.3% |
| 5 yearsPer year, the fairest single test | – | 18.8%#1 of 21 · avg 14% |
| 10 yearsPer year, across bull and bear markets | – | 20.2%#1 of 16 · avg 16.5% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 19%category avg 16.4% | 17.4%Bestcategory avg 16.4% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −26%data from 28 Nov 2022 only | −34.1%category avg −29.4% |
| Best 12 monthsIts strongest year | 68.3%data from 28 Nov 2022 only | 92.5% |
| Worst 12 monthsIts weakest year | -6%data from 28 Nov 2022 only | -23.2% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 94%data from 28 Nov 2022 only | 88% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 1.15% | 0.76%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹16,800 Cr | ₹15,749 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | ₹100Best |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AHSBC Midcap Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure
BInvesco India Mid Cap Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- a smoother ride matters more to you than the top return
- you care about keeping costs low, which adds up over decades