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HSBC Mutual Fund

HSBC Multi Asset Allocation Fund

HSBC Mutual Fund · Direct plan · Growth

1-year returns
11.5%
NAV
₹14.43
▲ 1.25% · 18 Sept 2026
Fund size
₹3,260 Cr
Expense ratio
1.1%
a year
Minimum SIP
₹500

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹13.93 and has returned 10.05% over a year.

Returns, and where it stands

Against the average multi asset allocation fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year11.5%9.4%ahead9 of 30
Every period, and the Regular plan →
PeriodDirectRegular
1 month-0.2%-0.3%
3 months0.9%0.6%
6 months7.4%6.7%
1 year11.5%10.1%
2 yearsp.a.9.7%8.3%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Mar 2024.

Plan

NAV history

▲ 11.54% in the last 1Y

12.713.714.718 Sept 202520 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,20,000
Gain
₹17,381
XIRR (per year)
13.64%
Value today
₹1,37,381

24 monthly instalments from 20 Sept 2024, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
14.2% a year
4.2% more than the category average — the bumpier side
Worst fall so far
−18.7%
Dec 2024 to Feb 2025.
Years that made money
99.2%
Of every one-year stretch it has been through.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
28 Feb 2024
Portfolio turnover
1.55x
Expense ratio
1.1%
as of 31 Jul 2026

Managed by Mahesh Chhabria, Praveen Ayathan, Cheenu Gupta, Mohd Asif Rizwi, Dipan Parikh, Mayank Chaturvedi

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

HSBC Multi Asset Allocation Fund against other funds in the Multi Asset Allocation Fund category
Fund1Y3Y5YExpenseFund size
Quant Multi Asset Allocation Fund16.29%22.25%19.9%1.21%₹6,528 Cr
Nippon India Multi Asset Allocation Fund11.5%18.77%15.65%0.48%₹17,984 Cr
WhiteOak Capital Multi Asset Allocation Fund11.45%16.69%0.65%₹8,778 Cr
Aditya Birla Sun Life Multi Asset Allocation Fund11.65%15.98%0.5%₹7,618 Cr
UTI Multi Asset Allocation Fund3.19%14.89%13.1%0.78%₹7,063 Cr
SBI Multi Asset Allocation Fund10.17%14.84%13.47%0.68%₹20,935 Cr
HSBC Multi Asset Allocation Fund11.54%1.1%₹3,260 Cr

About HSBC Multi Asset Allocation Fund

HSBC Multi Asset Allocation Fund is a multi asset allocation fund managed by HSBC Mutual Fund. Invest at least 10% each in three or more asset classes, such as equity, debt and gold or silver.

The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved

The scheme's stated objective, as published by HSBC Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹14.4268152380
DirectIDCW₹14.062152381
RegularGrowth₹13.9347152378
RegularIDCW₹12.7212152379

Frequently asked questions

What is the NAV of HSBC Multi Asset Allocation Fund today?

The NAV of HSBC Multi Asset Allocation Fund (Direct plan, Growth) is ₹14.4268 and the Regular plan NAV is ₹13.9347, as of 18 Sept 2026.

What returns has HSBC Multi Asset Allocation Fund given?

Over the last year the Direct plan returned 11.54%. Past returns do not guarantee future returns.

What is the expense ratio of HSBC Multi Asset Allocation Fund?

The Direct plan charges 1.1% a year, as disclosed on 31 Jul 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in HSBC Multi Asset Allocation Fund?

You can start a monthly SIP with ₹500, or invest a lump sum of ₹5,000 or more.

How much has HSBC Multi Asset Allocation Fund fallen in the past?

Its deepest fall was 18.7% from 17 Dec 2024 to 28 Feb 2025. Of every one-year stretch in its history, 99% ended in a gain.

Which category does HSBC Multi Asset Allocation Fund belong to?

It is a Multi Asset Allocation Fund from HSBC Mutual Fund. Invest at least 10% each in three or more asset classes, such as equity, debt and gold or silver.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from HSBC Multi Asset Allocation Fund taxed?

How gains are taxed depends on how much equity the scheme holds. At 65% equity or more it follows equity rules — 12.5% on long-term gains above ₹1.25 lakh; below that, gains are usually taxed at your slab rate. The scheme document states which applies.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.