COMPARE
HSBC Equity Savings Fund - Direct Growth vs Kotak Equity Savings Fund - Direct - Growth
HSBC Equity Savings Fund and Kotak Equity Savings Fund are both in the Equity Savings category, from HSBC Asset Management (India) Private Ltd. and Kotak Mahindra Asset Management Company Limited. respectively. HSBC Equity Savings Fund has posted a higher 3-year rolling CAGR. Kotak Equity Savings Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Equity Savings Fund has the lower direct-plan expense ratio, by 0.40 percentage points.
| HSBC Equity Savings Fund - Direct Growth | Kotak Equity Savings Fund - Direct - Growth | |
|---|---|---|
| Category | Equity Savings | Equity Savings |
| AMC | HSBC Asset Management (India) Private Ltd. | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty Equity Savings TRI | Nifty Equity Savings TRI |
| NAV | ₹40.7111 (2026-10-28) | ₹29.8497 (2026-10-28) |
| AUM | ₹1,595.008 Cr | ₹10,345.322 Cr |
| Expense Ratio (Direct) | 1.47% | 1.0737% |
| Inception | 2011-09-27 | 2014-09-17 |
Returns
HSBC Equity Savings Fund leads on 3-year rolling CAGR (14.2% vs Kotak Equity Savings Fund's 10.3%) - 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.
| HSBC Equity Savings Fund - Direct Growth | Kotak Equity Savings Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.59 | 0.32 |
| 3Y Alpha | 3.7572% | 1.1355% |
| 3Y Std Deviation | 7.6451% | 5.7037% |
| 3Y Calmar Ratio | 1.00 | 1.49 |
Portfolio Analytics
HSBC Equity Savings Fund carries the higher portfolio YTM.
| HSBC Equity Savings Fund - Direct Growth | Kotak Equity Savings Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 21.7265 | 18.4907 |
| P/B Ratio | 7.0345 | 6.656 |
| Dividend Yield | 0.9654% | 1.5335% |
| Active Share | - | - |
| Portfolio Turnover | - | 271% |
| YTM | 6.8512% | 6.72% |
| Duration (Macaulay) | - | 1.54 yrs |
Punji Fund Health Score
HSBC Equity Savings Fund and Kotak Equity Savings Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, HSBC Equity Savings Fund or Kotak Equity Savings Fund?
HSBC Equity Savings Fund's 3-year rolling CAGR of 14.2% is higher than Kotak Equity Savings Fund's 10.3%. HSBC Equity Savings Fund sits in the 100th percentile of its category on this metric, versus the 67th percentile for Kotak 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, HSBC Equity Savings Fund or Kotak Equity Savings Fund?
Kotak Equity Savings Fund's direct-plan expense ratio is 0.40 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, HSBC Equity Savings Fund or Kotak 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 Kotak 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 (0.59 for HSBC Equity Savings Fund vs 0.32 for Kotak 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, HSBC Equity Savings Fund or Kotak Equity Savings Fund?
Kotak Equity Savings Fund has ₹10,345 Cr in assets under management, versus ₹1,595 Cr for HSBC 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), HSBC Equity Savings Fund or Kotak Equity Savings Fund?
HSBC Equity Savings Fund's portfolio YTM (6.8512%) is higher than Kotak 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, HSBC Equity Savings Fund or Kotak Equity Savings Fund?
HSBC Equity Savings Fund launched on 2011-09-27, making it older than Kotak Equity Savings Fund (launched 2014-09-17). 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.