Sundaram Mid Cap Fund vs HSBC Mid Cap Fund: If you are looking at long-term wealth creators in the mid cap mutual fund segment, Sundaram Mid Cap Fund and HSBC Mid Cap Fund top the list. Both schemes have consistently delivered high returns to their investors. Sundaram Mid Cap Fund has delivered a 23.23 per cent annualised CAGR since inception, whereas HSBC Mid Cap Fund has delivered an 18.95 per cent annualised return since launch.
Both funds have shown stellar performance over 3-, 5-, 7-, 10-, 15-, and 20-year periods. However, focusing on returns alone is not enough when making an investment decision. Risk parameters such as standard deviation, beta, Sharpe ratio, and alpha can help determine which fund is more stable, with less volatility, and which has delivered better returns per unit of risk.
- Launch Date: July 30, 2002
- Returns since launch: 23.23% p.a.
- Benchmark: Nifty Midcap 150 Tri
- Riskometer: Very High
- AUM: Rs 13,687 crore (as on May 31, 2026)
- Expense Ratio: 1.45% (June 30, 2026)
- Standard Deviation: 17.30%
- Sharpe Ratio: 0.87%
- Beta: 0.94%
- Alpha: 2.22%
- Launch Date: August 9, 2004
- Returns since launch: 18.95% p.a.
- Benchmark: Nifty Midcap 150 Tri
- Riskometer: Very High
- AUM: Rs 14,249 crore (as on May 31, 2026)
- Expense Ratio: 1.45% (June 30, 2026)
- Standard Deviation: 19.90%
- Sharpe Ratio: 1%
- Beta: 1.04%
- Alpha: 5.70%
Sundaram Mid Cap Fund: Lump Sum Performance
- 3 Year Annualised Return: 21.14%
- 5 Year Annualised Return: 18.03%
- 10-Year Annualised Return: 14.86%
- 15-Year Annualised Return: 16.13%
- 20-Year Annualised Return: 16.16%
HSBC Mid Cap Fund: Lump Sum Performance
- 3 Year Annualised Return: 25.10%
- 5 Year Annualised Return: 18.21%
- 10-Year Annualised Return: 16.84%
- 15-year annualised return: 17.55%
- 20-Year Annualised Return: 16.89%
Sundaram Mid Cap Fund: SIP Performance
- SIP returns in 23 years: 18.35% per annum
- Monthly SIP amount: Rs 5,000
- Total investment in 23 years: Rs 13,80,000
- Total SIP value now: Rs 1,69,13,210
- SIP returns in 20 years: 16.68% per annum
- Monthly SIP amount: Rs 5,000
- Total investment in 20 years: Rs 12,00,000
- Total SIP value now: Rs 81,65,964
HSBC Mid Cap Fund: SIP Performance
- SIP returns in 21 years: 17.3% per annum
- Monthly SIP amount: Rs 5,000
- Total investment in 23 years: Rs 12,60,000
- Total SIP value now: Rs 1,04,15,794
- SIP returns in 20 years: 17.54% per annum
- Monthly SIP amount: Rs 5,000
- Total investment in 20 years: Rs 12,00,000
- Total SIP value now: Rs 90,93,259
Which fund has lower risk and better risk-adjusted returns?
According to the data from the fund fact sheet, if the focus is on lower risk, Sundaram Mid Cap Fund appears to be the safer option. It has a standard deviation of 17.30 per cent, lower than HSBC Mid Cap Fund’s 19.90 per cent, indicating comparatively lower volatility in its NAV. The fund also has a beta of 0.94, suggesting it is likely to fluctuate slightly less than the broader market during periods of market decline.
When talking about the Fund’s risk-adjusted returns, HSBC Midcap Fund overtakes the Sundaram fund here. Its Sharpe ratio is 1.00, which is higher than that of the Sundaram Midcap Fund. This means it has generated better returns per unit of risk. Its alpha of 5.70 per cent is also quite high, indicating that the fund manager has outperformed the benchmark.
Sundaram Midcap Fund is a good choice for those looking for more stability with lower risk, while HSBC Midcap Fund is a better option for those looking for better risk-adjusted returns. However, it is important to note that this comparison is based only on the above-given risk parameters. Before making an investment decision, you should also consider 3-, 5-, and 10-year returns, portfolio quality, the fund manager’s track record, and expense ratio.
Sundaram Mid Cap Fund: Stocks Top Holdings
- GE Vernova TD India: 3.4%
- Cummins India: 3.2%
- BSE Ltd: 2.9
- The Federal Bank: 2.2
- Max Financial Services: 2.2%
Sundaram Mid Cap Fund: Sector Top Holdings
- Industrial Products: 8.19%
- Banks: 8.0%
- Electrical Equipment: 7.88%
- Capital Market: 7.34%
- Auto Components: 5.66%
HSBC Mid Cap Fund: Stocks Top Holdings
- Dixon Technologies: 4.92%
- Max Healthcare: 4.58%
- ETERNAL: 4.57%
- GE Vernova T&D India: 4.05%
- Jubilant Foodworks: 3.85%
HSBC Mid Cap Fund: Sector Top Holdings
- Electrical Equipment: 11.68%
- Capital Market: 10.72%
- Finance: 10.07%
- Consumer durables: 8.82%
- Retail: 7.59%
(Source: Fund Fact Sheet)
