COMPARE
HSBC Multi Cap Fund - Direct - Growth vs Kotak Multi Cap Fund-Direct Plan-Growth
HSBC Multi Cap Fund and Kotak Multi Cap Fund- are both in the Multi Cap Fund category, from HSBC Asset Management (India) Private Ltd. and Kotak Mahindra Asset Management Company Limited. respectively. Kotak Multi Cap Fund- has posted a higher 3-year rolling CAGR. Kotak Multi Cap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Multi Cap Fund- has the lower direct-plan expense ratio, by 0.09 percentage points.
| HSBC Multi Cap Fund - Direct - Growth | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | HSBC Asset Management (India) Private Ltd. | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹19.9012 (2026-10-28) | ₹20.265 (2026-10-28) |
| AUM | ₹6,195.295 Cr | ₹30,187.553 Cr |
| Expense Ratio (Direct) | 0.81% | 0.72% |
| Inception | 2023-01-10 | 2021-09-08 |
Returns
Kotak Multi Cap Fund- leads on 3-year rolling CAGR (24.5% vs HSBC Multi Cap Fund's 21.8%) - 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.
| HSBC Multi Cap Fund - Direct - Growth | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.43 | 0.40 |
| 3Y Alpha | 4.6144% | 3.9182% |
| 3Y Std Deviation | 16.4182% | 15.6169% |
| 3Y Calmar Ratio | 0.71 | 0.64 |
Portfolio Analytics
HSBC Multi 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 Multi Cap Fund - Direct - Growth | Kotak Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 30.5466 | 17.5702 |
| P/B Ratio | - | - |
| Dividend Yield | 0.7799% | 1.5383% |
| Active Share | 66.25% | 78.52% |
| Portfolio Turnover | 49% | 50.13999999999999% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
HSBC Multi Cap Fund and Kotak Multi Cap Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, HSBC Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund-'s 3-year rolling CAGR of 24.5% is higher than HSBC Multi Cap Fund's 21.8%. Kotak Multi Cap Fund- sits in the 100th percentile of its category on this metric, versus the 86th percentile for HSBC Multi 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 Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund-'s direct-plan expense ratio is 0.09 percentage points lower than HSBC Multi 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 Multi Cap Fund or Kotak 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 Kotak Multi 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 (0.43 for HSBC Multi Cap Fund vs 0.40 for Kotak 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, HSBC Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund- has ₹30,188 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, HSBC Multi Cap Fund or Kotak Multi Cap Fund-?
Kotak Multi Cap Fund- launched on 2021-09-08, 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.