COMPARE
Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth vs HSBC Equity Savings Fund - Direct Growth
Aditya Birla Sun Life Equity Savings Fund and HSBC Equity Savings Fund are both in the Equity Savings category, from Aditya Birla Sun Life AMC Limited and HSBC Asset Management (India) Private Ltd. respectively. Aditya Birla Sun Life Equity Savings Fund has posted a higher 3-year rolling CAGR. Aditya Birla Sun Life Equity Savings Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Aditya Birla Sun Life Equity Savings Fund has the lower direct-plan expense ratio, by 0.26 percentage points.
| Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth | HSBC Equity Savings Fund - Direct Growth | |
|---|---|---|
| Category | Equity Savings | Equity Savings |
| AMC | Aditya Birla Sun Life AMC Limited | HSBC Asset Management (India) Private Ltd. |
| Benchmark | Nifty Equity Savings TRI | Nifty Equity Savings TRI |
| NAV | ₹25.71 (2026-10-28) | ₹40.7111 (2026-10-28) |
| AUM | ₹1,120.499 Cr | ₹1,595.008 Cr |
| Expense Ratio (Direct) | 1.21% | 1.47% |
| Inception | 2014-11-11 | 2011-09-27 |
Returns
Aditya Birla Sun Life Equity Savings Fund leads on 3-year rolling CAGR (8.9% vs HSBC Equity Savings Fund's 14.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC Equity Savings Fund has been the more volatile of the two by standard deviation.
| Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth | HSBC Equity Savings Fund - Direct Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.07 | 0.59 |
| 3Y Alpha | -0.1398% | 3.7572% |
| 3Y Std Deviation | 2.783% | 7.6451% |
| 3Y Calmar Ratio | 2.85 | 1.00 |
Portfolio Analytics
Aditya Birla Sun Life Equity Savings Fund carries the higher portfolio YTM.
| Aditya Birla Sun Life Equity Savings Fund - Direct Plan - Growth | HSBC Equity Savings Fund - Direct Growth | |
|---|---|---|
| P/E Ratio | 19.4904 | 21.7265 |
| P/B Ratio | - | 7.0345 |
| Dividend Yield | 1.1888% | 0.9654% |
| Active Share | - | - |
| Portfolio Turnover | 606% | - |
| YTM | 7.0791% | 6.8512% |
| Duration (Macaulay) | 1.39 yrs | - |
Punji Fund Health Score
HSBC Equity Savings Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
Aditya Birla Sun Life Equity Savings Fund's 3-year rolling CAGR of 8.9% is higher than HSBC Equity Savings Fund's 14.2%. Aditya Birla Sun Life Equity Savings Fund sits in the 33rd percentile of its category on this metric, versus the 100th percentile for HSBC Equity Savings Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
Aditya Birla Sun Life Equity Savings Fund's direct-plan expense ratio is 0.26 percentage points lower than HSBC Equity Savings Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC Equity Savings Fund has been more volatile than Aditya Birla Sun Life Equity Savings Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.07 for Aditya Birla Sun Life Equity Savings Fund vs 0.59 for HSBC Equity Savings Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
HSBC Equity Savings Fund has ₹1,595 Cr in assets under management, versus ₹1,120 Cr for Aditya Birla Sun Life Equity Savings Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
Aditya Birla Sun Life Equity Savings Fund's portfolio YTM (7.0791%) is higher than HSBC Equity Savings Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Aditya Birla Sun Life Equity Savings Fund or HSBC Equity Savings Fund?
HSBC Equity Savings Fund launched on 2011-09-27, making it older than Aditya Birla Sun Life Equity Savings Fund (launched 2014-11-11). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.