COMPARE
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth vs HSBC Multi Cap Fund - Direct - Growth
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth and HSBC Multi Cap Fund are both in the Multi Cap Fund category, from Aditya Birla Sun Life AMC Limited and HSBC Asset Management (India) Private Ltd. respectively. HSBC Multi Cap Fund has posted a higher 3-year rolling CAGR. HSBC Multi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
HSBC Multi Cap Fund has the lower direct-plan expense ratio, by 0.21 percentage points.
| Aditya Birla Sun Life Multi-Cap Fund-Direct Growth | HSBC Multi Cap Fund - Direct - Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | Aditya Birla Sun Life AMC Limited | HSBC Asset Management (India) Private Ltd. |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹21.57 (2026-10-28) | ₹19.9012 (2026-10-28) |
| AUM | ₹6,927.127 Cr | ₹6,195.295 Cr |
| Expense Ratio (Direct) | 1.02% | 0.81% |
| Inception | 2021-04-19 | 2023-01-10 |
Returns
HSBC Multi Cap Fund leads on 3-year rolling CAGR (21.8% vs Aditya Birla Sun Life Multi-Cap Fund-Direct Growth's 18.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC Multi Cap Fund has been the more volatile of the two by standard deviation.
| Aditya Birla Sun Life Multi-Cap Fund-Direct Growth | HSBC Multi Cap Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.27 | 0.43 |
| 3Y Alpha | 1.7164% | 4.6144% |
| 3Y Std Deviation | 14.8908% | 16.4182% |
| 3Y Calmar Ratio | 0.55 | 0.71 |
Portfolio Analytics
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Aditya Birla Sun Life Multi-Cap Fund-Direct Growth | HSBC Multi Cap Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 31.4007 | 30.5466 |
| P/B Ratio | 5.5229 | - |
| Dividend Yield | 0.6572% | 0.7799% |
| Active Share | 72.5% | 66.25% |
| Portfolio Turnover | 59% | 49% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
HSBC Multi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Aditya Birla Sun Life Multi-Cap Fund-Direct Growth or HSBC Multi Cap Fund?
HSBC Multi Cap Fund's 3-year rolling CAGR of 21.8% is higher than Aditya Birla Sun Life Multi-Cap Fund-Direct Growth's 18.1%. HSBC Multi Cap Fund sits in the 86th percentile of its category on this metric, versus the 50th percentile for Aditya Birla Sun Life Multi-Cap Fund-Direct Growth - 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 Multi-Cap Fund-Direct Growth or HSBC Multi Cap Fund?
HSBC Multi Cap Fund's direct-plan expense ratio is 0.21 percentage points lower than Aditya Birla Sun Life Multi-Cap Fund-Direct Growth'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 Multi-Cap Fund-Direct Growth or HSBC Multi Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC Multi Cap Fund has been more volatile than Aditya Birla Sun Life Multi-Cap Fund-Direct Growth 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 (0.27 for Aditya Birla Sun Life Multi-Cap Fund-Direct Growth vs 0.43 for HSBC Multi Cap 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 Multi-Cap Fund-Direct Growth or HSBC Multi Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth has ₹6,927 Cr in assets under management, versus ₹6,195 Cr for HSBC Multi Cap 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 fund has a longer track record, Aditya Birla Sun Life Multi-Cap Fund-Direct Growth or HSBC Multi Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth launched on 2021-04-19, making it older than HSBC Multi Cap Fund (launched 2023-01-10). 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.