COMPARE
HSBC Multi Cap Fund - Direct - Growth vs UTI Multi Cap Fund - Direct Plan - Growth Option
HSBC Multi Cap Fund and UTI Multi Cap Fund are both in the Multi Cap Fund category, from HSBC Asset Management (India) Private Ltd. and UTI Asset Mgmt. Co. Ltd. respectively. 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 0.32 percentage points.
| HSBC Multi Cap Fund - Direct - Growth | UTI Multi Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | HSBC Asset Management (India) Private Ltd. | UTI Asset Mgmt. Co. Ltd. |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹19.9012 (2026-10-28) | ₹10.212 (2026-10-28) |
| AUM | ₹6,195.295 Cr | ₹2,067.977 Cr |
| Expense Ratio (Direct) | 0.81% | 1.13% |
| Inception | 2023-01-10 | 2025-04-29 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
| HSBC Multi Cap Fund - Direct - Growth | UTI Multi Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.43 | N/A |
| 3Y Alpha | 4.6144% | N/A |
| 3Y Std Deviation | 16.4182% | N/A |
| 3Y Calmar Ratio | 0.71 | N/A |
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 | UTI Multi Cap Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 30.5466 | 21.9874 |
| P/B Ratio | - | - |
| Dividend Yield | 0.7799% | 1.1547% |
| Active Share | 66.25% | 73.39% |
| Portfolio Turnover | 49% | 85% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
UTI Multi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, HSBC Multi Cap Fund or UTI Multi Cap Fund?
HSBC Multi Cap Fund's direct-plan expense ratio is 0.32 percentage points lower than UTI 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.
Why don't HSBC Multi Cap Fund and UTI Multi Cap Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, HSBC Multi Cap Fund or UTI Multi Cap Fund?
HSBC Multi Cap Fund has ₹6,195 Cr in assets under management, versus ₹2,068 Cr for UTI 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 UTI Multi Cap Fund?
HSBC Multi Cap Fund launched on 2023-01-10, making it older than UTI Multi Cap Fund (launched 2025-04-29). 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.