HSBC India Next Portfolio PMS: Returns, Portfolio & Fees

PMS · Equity · Thematic

HSBC India Next Portfolio

Fund size₹441 Cr

Alpha (3Y)−0.21%

3Y return11.27%

Fund age5 yrs 6 mo

Fund Manager

Sheetalkumar Shah

Fund Manager, PMS, HSBC

Sheetalkumar has a total experience of over 27 years in the Indian stock markets. Prior to joining HSBC, he was Head of PMS at IDBI Capital Markets. He has spent over 12 years at Kotak PMS, managing equity portfolios across market capitalisation. Prior to that, he worked with GIC Asset Management Co Ltd as a Fund Manager for 7 years. By virtue of his long experience, Sheetalkumar has strong relationships with a wide gamut of Indian capital market participants and corporates. Sheetalkumar is an MBA (Finance) from Department of Management Studies, Pune University (PUMBA) and an Engineer (Electronics & Telecommunications) from Government Engineering College, Pune.

Managing AUM₹493 Cr

Growth of₹Cr

HSBC India Next

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
HSBC India Next	3.62%	6.76%	2.62%	11.27%	11.24%	13.42%
Nifty 500	−1.02%	4.72%	−0.11%	12.09%	10.91%	12.88%
Excess over benchmark	4.64%	2.04%	2.73%	−0.82%	0.33%	0.54%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.

Risk : What you take on to earn the return

Volatility

15.52%

Benchmark approx 14.67%

A standard deviation reflecting historical swings.

Sensitivity

0.94

Beta vs benchmark 1.00 · 6% less reactive

How strongly the scheme moves with the index.

Risk-reward

0.43

Sharpe

Excess return gained per unit of volatility.

Capture ratio

96 / 97

Upside / Downside Capture

Share of market gains captured versus losses absorbed.

How far below its previous high it fell

Over the trailing 3Y window the scheme fell −18.28% from its 26 Sep 2024 peak to a 28 Feb 2025 trough, and recovered on 02 Jul 2026 after 489 days.

Max drawdowns

−18.28%

Recovery period

489 days

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	26 Sep 2024	28 Feb 2025	−18.28%	155 days	02 Jul 2026	489 days
Benchmark	30 Aug 2024	28 Feb 2025	−18.59%	182 days	–	–

Scheme

Peak26 Sep 2024

Trough28 Feb 2025

Depth−18.28%

Fell over155 days

Recovered02 Jul 2026

Recovery took489 days

Benchmark

Peak30 Aug 2024

Trough28 Feb 2025

Depth−18.59%

Fell over182 days

Recovered–

Recovery took–

The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026

Portfolio Details : Where the money actually sits

Stocks

P/E ratio

42.47

P/B ratio

4.95

Dividend yield

0.60%

Avg market cap

₹2.81 L Cr

Median market cap

₹95,433 Cr

Asset class

Equity

Market cap

Large cap43.22%

Mid cap34.68%

Small cap18.63%

Cash & others3.47%

As on 31 Aug 2026

Fees

A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 12.50% gross return.

FixedPlan A · Simple

Fixed Management Fee2.00% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Shared upside

Fixed Management Fee1.75% / yr

Performance Fee10% of profit

Hurdle RateAbove 10%

No exit load. Lock-in: Nil.

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