COMPARE
HSBC Midcap Fund - Direct Growth vs Motilal Oswal Midcap Fund-Direct Plan-Growth Option
HSBC Midcap Fund and Motilal Oswal Midcap Fund- are both in the Mid Cap Fund category, from HSBC Asset Management (India) Private Ltd. and Motilal Oswal Asset Management Company Limited respectively. HSBC Midcap Fund has posted a higher 3-year rolling CAGR. Motilal Oswal Midcap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Motilal Oswal Midcap Fund- has the lower direct-plan expense ratio, by 0.22 percentage points.
| HSBC Midcap Fund - Direct Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| Category | Mid Cap Fund | Mid Cap Fund |
| AMC | HSBC Asset Management (India) Private Ltd. | Motilal Oswal Asset Management Company Limited |
| Benchmark | Nifty Midcap 150 TRI | Nifty Midcap 150 TRI |
| NAV | ₹502.9783 (2026-10-28) | ₹111.1353 (2026-10-28) |
| AUM | ₹16,372.657 Cr | ₹39,121.3 Cr |
| Expense Ratio (Direct) | 1.15% | 0.93% |
| Inception | 2004-06-24 | 2014-02-03 |
Returns
HSBC Midcap Fund leads on 3-year rolling CAGR (25.8% vs Motilal Oswal Midcap Fund-'s 22.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
HSBC Midcap Fund has been the more volatile of the two by standard deviation.
| HSBC Midcap Fund - Direct Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.63 | 0.45 |
| 3Y Alpha | 7.6777% | 4.3361% |
| 3Y Std Deviation | 18.8795% | 17.2477% |
| 3Y Calmar Ratio | 0.73 | 0.52 |
Portfolio Analytics
HSBC Midcap 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 Midcap Fund - Direct Growth | Motilal Oswal Midcap Fund-Direct Plan-Growth Option | |
|---|---|---|
| P/E Ratio | 42.3761 | 42.0345 |
| P/B Ratio | - | - |
| Dividend Yield | 0.4829% | 0.283% |
| Active Share | 73.25% | 81% |
| Portfolio Turnover | 129% | 94% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
HSBC Midcap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, HSBC Midcap Fund or Motilal Oswal Midcap Fund-?
HSBC Midcap Fund's 3-year rolling CAGR of 25.8% is higher than Motilal Oswal Midcap Fund-'s 22.0%. HSBC Midcap Fund sits in the 93rd percentile of its category on this metric, versus the 62nd percentile for Motilal Oswal Midcap 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 Midcap Fund or Motilal Oswal Midcap Fund-?
Motilal Oswal Midcap Fund-'s direct-plan expense ratio is 0.22 percentage points lower than HSBC Midcap 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 Midcap Fund or Motilal Oswal Midcap Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), HSBC Midcap Fund has been more volatile than Motilal Oswal Midcap 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 (0.63 for HSBC Midcap Fund vs 0.45 for Motilal Oswal Midcap 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 Midcap Fund or Motilal Oswal Midcap Fund-?
Motilal Oswal Midcap Fund- has ₹39,121 Cr in assets under management, versus ₹16,373 Cr for HSBC Midcap 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 Midcap Fund or Motilal Oswal Midcap Fund-?
HSBC Midcap Fund launched on 2004-06-24, making it older than Motilal Oswal Midcap Fund- (launched 2014-02-03). 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.