HSBC India Export Opportunities Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

HSBC India Export Opportunities Fund Direct Growth Plan is at ₹12.0946 as of 10 Sep 2026, with scheme AUM of ₹1,325 Cr. Its 1-year, 3-year and 5-year returns are 21.53%, 0% and 0%, and the fund sits in the High Risk category.

Our view is that this is a focused equity strategy with a meaningful exposure to a relatively short portfolio list, so it may suit investors who can accept sharp swings and want a fund that has shown a stronger 1-year outcome than its benchmark, but with limited longer-history evidence from the figures available.

Quick facts

Particular	Details
NAV	₹12.0946 as of 10 Sep 2026
AUM	₹1,325 Cr
Expense Ratio	0.75%
Launch Date	25 Sep 2024
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y
Fund Managers	Abhishek Gupta, Siddharth Vora, Mayank Chaturvedi

The fund is managed by Abhishek Gupta, Siddharth Vora and Mayank Chaturvedi.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	1.67%	-4.06%
3M	15.58%	1.37%
1Y	21.53%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent picture is constructive. Over 1 month, 3 months and 1 year, the fund has held up well and clearly outpaced the benchmark in each period, which tells us the strategy has delivered a better near-term outcome than the broad market reference used here.

The 3-month path also looks steadier than the benchmark’s, with the fund retaining gains while the benchmark stayed much flatter. That matters because it suggests the fund’s recent return has not depended on one isolated move alone, even though the scheme is still young in calendar terms and the longer-horizon figures available in this review are not yet populated.

The 1-year series points to a choppier journey than the headline number alone might suggest, with a noticeable drawdown in the middle of the period and a later recovery. Even so, the fund ended the period comfortably ahead of the benchmark, which strengthens the case that its recent risk-taking has been rewarded more than the passive comparison point.

We would read the evidence as a short-history fund with encouraging recent compounding, not as a settled long-term track record. The current pattern is more useful for understanding how the fund has behaved in the last year than for extrapolating a mature multi-year style profile.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD HSBC India Export Opportunities?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
HSBC India Export Opportunities Fund Direct Growth Plan	21.53%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is below several of the named peers in this comparison set, while the current fund’s 3-year and 5-year figures are still unavailable. That makes the near-term comparison less flattering, even though the fund has still outpaced the benchmark over the same horizon.

Because the peer list also lacks longer-horizon figures for most schemes, the comparison story is split. On available 1-year numbers, the fund trails the stronger peer outcomes, but the longer-term side cannot be read as clearly because only one peer shows a 3-year figure and none of the five peers provide a 5-year figure that is usable here.

So the peer lens says the fund has room to prove itself against stronger recent performers, while the benchmark lens says it has still done better than the broader market reference used in this review.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Avalon Technologies Limited	Electricals	7.42%
Pearl Global Industries Limited	Textile	5.17%
Hindalco Industries Limited	Non – Ferrous Metals	3.97%
Divi''S Laboratories Limited	Healthcare	3.87%
Reliance Industries Limited	Crude Oil	3.46%
TREPS	Cash & Cash Equivalents and Net Assets	3.37%
Larsen & Toubro Limited	Infrastructure	3.16%
Garware Hi-Tech Films Ltd	Plastic Products	2.93%
TVS Motor Company Limited	Automobile & Ancillaries	2.67%
Lenskart Solutions Limited	Domestic Equities	2.61%

The top 10 holdings account for approximately 38.63% of the portfolio.

To see all holdings, visit the HSBC India Export Opportunities Fund Direct Growth Plan page

The largest holding, Avalon Technologies Limited, carries a 7.42% weight, so it could have a meaningful but not overwhelming influence on portfolio movement. The next few positions are materially smaller, with Pearl Global Industries Limited at 5.17% and then a cluster of holdings mostly in the 3% to 4% range, which suggests the book does not rely on one outsized position alone.

By the tenth holding, the weight has eased to 2.61%, so the drop from the first line to the last displayed line is noticeable but not extreme. That pattern points to a portfolio that is somewhat concentrated in its largest ideas, yet still spread across a broader set of 48 disclosed holdings, which may help reduce dependence on just a handful of stocks.

At the same time, the top 10 names already make up 38.63% of the portfolio, so the fund’s performance may still be influenced by how a relatively small group of companies behaves. In our view, that balance between a defined core and a long tail is consistent with an active equity approach rather than a very diffuse portfolio.

Source data date: as of 10 Sep 2026

Who should invest

This fund is best understood as a High Risk equity option for investors who can tolerate volatility and are comfortable with a shorter performance history. The 1-year return has been stronger than the benchmark, but the 3-year and 5-year figures are not yet available in this review, so the longer-term case is still developing.

The main trade-off is that the portfolio’s focused holding pattern may support upside if its key positions do well, but it can also amplify swings if those names move sharply. Investors with a shorter horizon or low tolerance for drawdowns may find that uncomfortable. Those who can stay invested through uneven periods and are looking for a differentiated equity strategy may be better aligned with it.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: Nil upto 10% of units and 1% for remaining units on or before 1Y, Nil after 1Y.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of HSBC India Export Opportunities Fund Direct Growth Plan?

The current NAV is ₹12.0946 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is 21.53%, while the 3-year and 5-year returns are not available in this review.

How has the fund done versus the benchmark?

It has outpaced the benchmark over 1 month, 3 months and 1 year. The 1-year benchmark return is -7.31% versus the fund’s 21.53%.

How does it compare with the peer funds listed here?

On the available 1-year numbers, the fund trails several of the named peers. The longer-term comparison is less complete because most peer 3-year and 5-year figures are not available in this review.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund, and what is the exit load?

The fund is managed by Abhishek Gupta, Siddharth Vora and Mayank Chaturvedi. The exit load is nil for units sold after 1 year; on or before 1 year, it is nil for up to 10% of units and 1% for the remaining units.

Bottom line

HSBC India Export Opportunities Fund Direct Growth Plan has recently done better than its benchmark, but the longer-horizon picture is still incomplete in this review. Against the peer set shown here, its 1-year return is more modest, while the portfolio’s focused structure and High Risk label suggest that volatility remains an important part of the proposition. For investors who are comfortable with that trade-off and want a differentiated equity approach, the fund is worth understanding as a concentrated active strategy rather than a broad market substitute.

Published on 11 September 2026 at 5:40 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.