COMPARE
HSBC Flexi Cap Fund - Direct Growth vs ITI Flexi Cap Fund- Direct Plan- Growth
HSBC Flexi Cap Fund and ITI Flexi Cap Fund- are both in the Flexi Cap Fund category, from HSBC Asset Management (India) Private Ltd. and ITI Asset Management Limited respectively. ITI Flexi Cap Fund- has posted a higher 3-year rolling CAGR. ITI Flexi Cap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ITI Flexi Cap Fund- has the lower direct-plan expense ratio, by 0.40 percentage points.
| HSBC Flexi Cap Fund - Direct Growth | ITI Flexi Cap Fund- Direct Plan- Growth | |
|---|---|---|
| Category | Flexi Cap Fund | Flexi Cap Fund |
| AMC | HSBC Asset Management (India) Private Ltd. | ITI Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹248.1771 (2026-10-28) | ₹20.2347 (2026-10-28) |
| AUM | ₹5,556.328 Cr | ₹1,581.63 Cr |
| Expense Ratio (Direct) | 1.31% | 0.91% |
| Inception | 2004-01-22 | 2023-01-27 |
Returns
ITI Flexi Cap Fund- leads on 3-year rolling CAGR (20.4% vs HSBC Flexi Cap Fund's 15.9%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ITI Flexi Cap Fund- has been the more volatile of the two by standard deviation.
| HSBC Flexi Cap Fund - Direct Growth | ITI Flexi Cap Fund- Direct Plan- Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.35 | 0.56 |
| 3Y Alpha | 4.1801% | 7.6964% |
| 3Y Std Deviation | 15.7115% | 16.095% |
| 3Y Calmar Ratio | 0.61 | 0.75 |
Portfolio Analytics
ITI Flexi Cap Fund- 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.
| HSBC Flexi Cap Fund - Direct Growth | ITI Flexi Cap Fund- Direct Plan- Growth | |
|---|---|---|
| P/E Ratio | 25.856 | 29.3338 |
| P/B Ratio | 6.656 | 5.8734 |
| Dividend Yield | 0.81% | 0.7468% |
| Active Share | 64.84% | 58.55% |
| Portfolio Turnover | 51% | 33% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ITI Flexi Cap Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, HSBC Flexi Cap Fund or ITI Flexi Cap Fund-?
ITI Flexi Cap Fund-'s 3-year rolling CAGR of 20.4% is higher than HSBC Flexi Cap Fund's 15.9%. ITI Flexi Cap Fund- sits in the 94th percentile of its category on this metric, versus the 42nd percentile for HSBC Flexi Cap 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 Flexi Cap Fund or ITI Flexi Cap Fund-?
ITI Flexi Cap Fund-'s direct-plan expense ratio is 0.40 percentage points lower than HSBC Flexi Cap 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 Flexi Cap Fund or ITI Flexi Cap Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Flexi Cap Fund- has been more volatile than HSBC Flexi Cap 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 (0.35 for HSBC Flexi Cap Fund vs 0.56 for ITI Flexi 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, HSBC Flexi Cap Fund or ITI Flexi Cap Fund-?
HSBC Flexi Cap Fund has ₹5,556 Cr in assets under management, versus ₹1,582 Cr for ITI Flexi 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, HSBC Flexi Cap Fund or ITI Flexi Cap Fund-?
HSBC Flexi Cap Fund launched on 2004-01-22, making it older than ITI Flexi Cap Fund- (launched 2023-01-27). 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.