HSBC Medium to Long Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

HSBC Medium to Long Term Fund Direct Growth Plan has a NAV of ₹48.9076 as of 09 Sep 2026 and a scheme AUM of ₹48 Cr. Its 1-year, 3-year and 5-year returns are 3.72%, 6.6% and 5.3%, and the fund sits in the Medium Risk category.

Our view is that this is a steady debt scheme rather than a high-growth option. The return pattern is moderate, the benchmark has been mixed, and the portfolio leans meaningfully toward sovereign, corporate and cash-like exposures, which may suit conservative investors with a medium to longer horizon.

Quick facts

Particular	Details
NAV	₹48.9076 as of 09 Sep 2026
AUM	₹48 Cr
Expense Ratio	0.67%
Launch Date	07 Jan 2013
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load after holding period
Fund Managers	Mohd Asif Rizwi, Shriram Ramanathan

The fund is managed by Mohd Asif Rizwi and Shriram Ramanathan.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.52%	-4.69%
3M	1.48%	0.93%
1Y	3.72%	-7.16%
3Y	6.6%	6%
5Y	5.3%	5.87%

The short-term picture is more resilient than the benchmark. Over 1 month, the fund lost less than the benchmark, and over 1 year it stayed positive while the benchmark was negative. That tells us the scheme has held up better through a difficult stretch for the benchmark, even though the absolute 1-year return is still modest.

The medium-term trend is steadier than exciting. The 3-year return is 6.6%, only slightly ahead of the benchmark, while the 5-year return is 5.3%, marginally behind it. That mix suggests the fund has delivered a fairly contained path rather than a sharp outperformance cycle, which is typical of a debt-oriented strategy that prioritises smoother compounding over upside surges.

The recent 3-month reading is also useful. The fund has been positive while the benchmark has moved more narrowly, so the latest stretch does not look worse than the longer trend. Our read is that the fund has remained relatively stable, with shorter periods showing less strain than the benchmark, but the longer horizon still points to moderate compounding rather than a standout return profile.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD HSBC Medium to Long Term?

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 Medium to Long Term Fund Direct Growth Plan	3.72%	6.6%	5.3%
Franklin India Medium to Long Term Fund Direct Growth Plan	5.58%	Data not available	Data not available
ICICI Pru Medium to Long Term Fund Direct Growth Plan	5.36%	7.34%	6.4%
LIC MF Medium to Long Term Fund Direct Growth Plan	5.32%	7.42%	6.31%
SBI Medium to Long Term Fund Direct Growth Plan	5.23%	7.03%	6.26%
Kotak Medium to Long Term Fund Direct Growth Plan	5.22%	7.27%	6.22%

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

On a 1-year basis, this fund trails all five comparable schemes shown here. The gap is not huge versus the pack leaders, but the comparison does show that the fund has been a calmer, lower-return proposition over the last year. That is consistent with a scheme that is aiming for steadier debt-market behaviour rather than stretching for the highest recent return.

At 3 years and 5 years, the picture becomes more balanced. The fund is behind the stronger peer figures that are available for those periods, but it remains in the same general return band. That tells us the longer-term story is one of modest and stable compounding, not of sustained outperformance. The short-term comparison and the longer-term comparison both point in the same direction: this is a restrained return profile that may appeal more for stability than for standout gains.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Net Current Assets (Including Cash & Bank Balances)	Cash & Cash Equivalents and Net Assets	10.31%
Indian Bank^	Certificate of Deposit	7.98%
Power Finance Corporation Limited**	Corporate Debt	7.37%
Sidbi**	Corporate Debt	6.32%
6.94% GOI 11-May-2036	Government Securities	6.28%
Indian Railway Finance Corporation Ltd**	Corporate Debt	6.17%
7.63% Maharashtra SDL – 27-Aug-2039	Government Securities	6.16%
6.36% GOI 16-Feb-2031	Government Securities	6.12%
6.8% Tamil Nadu SDL – 02-Jul-2035	Government Securities	4.94%
Bharti Telecom Limited**	Corporate Debt	4.26%

The largest disclosed position is net current assets at 10.31%, which is a meaningful liquidity sleeve rather than a single security exposure. After that, the weights step down fairly gradually, with the tenth holding at 4.26%. That drop is not abrupt, so the portfolio does not look dominated by one or two outsized positions alone.

The displayed ten holdings together account for 65.91% of the portfolio, and the total disclosed holding count is 19. That suggests a fairly concentrated core, but not an extremely narrow one. A mix of government securities, corporate debt, a certificate of deposit and cash-like assets may reduce dependence on any one credit or rate bet, although the biggest names can still influence short-term movement.

Because more holdings are disclosed beyond the ten shown, the tail likely matters too. Still, the visible structure already tells us that the fund carries a substantial core of liquid and fixed-income instruments, which may support smoother behaviour than a more concentrated credit-heavy portfolio.

The top 10 holdings account for approximately 65.91% of the portfolio.

To see all holdings, visit the HSBC Medium to Long Term Fund Direct Growth Plan page

Source data date: as of 09 Sep 2026

Who should invest

This fund suits investors who are comfortable with a medium-risk debt scheme and want a steadier return path rather than aggressive growth. The 1-year result has been softer than the peer set, but the 3-year and 5-year numbers show the fund has remained within a moderate compounding range, with the benchmark comparison also pointing to relatively resilient behaviour in difficult stretches.

We think the natural fit is a medium to longer holding period, where return expectations are kept realistic and stability matters more than chasing the highest recent number. The main trade-off is that the portfolio may be calmer than some peers, but that can come with less upside in stronger market phases.

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: No exit load after holding period.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of HSBC Medium to Long Term Fund Direct Growth Plan?

The current NAV is ₹48.9076 as of 09 Sep 2026.

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

The 1-year return is 3.72%, the 3-year return is 6.6%, and the 5-year return is 5.3%.

How has the fund done against its benchmark?

The fund has been stronger than the benchmark over 1 month and 1 year, slightly ahead over 3 years, and slightly behind over 5 years. That makes the performance picture mixed but generally resilient in shorter periods.

How does it compare with the peer funds listed here?

Its 1-year return trails the peer funds shown here, while the 3-year and 5-year figures sit in the same general range as the better peer numbers that are available. The short-term and longer-term comparisons point to a steadier but less assertive return pattern.

What is the minimum SIP amount?

The minimum SIP amount is ₹1,000.

What risk category and fund managers are listed for this scheme?

The scheme is tagged as Medium Risk and is managed by Mohd Asif Rizwi and Shriram Ramanathan. Its portfolio also shows a mix of government securities, corporate debt and cash-like exposure, which supports the fund’s relatively steady profile.

Bottom line

HSBC Medium to Long Term Fund Direct Growth Plan looks like a restrained debt option with a mixed but stable return history. The recent 1-year performance trails the peer set, yet the longer-term record stays within a moderate compounding band and the benchmark comparison shows better resilience in weaker stretches. The portfolio’s mix of government securities, corporate debt and cash-like assets may support that steadier profile. For investors who value medium-risk debt exposure and can accept muted upside, it may be a reasonable fit.

Published on 10 September 2026 at 3:04 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.