Side by side
Direct plans, growth option. Returns are annualised, to 09 Oct 2026.
| HSBC Value | Mahindra Manulife Value | |
|---|---|---|
| Category | Value | Value |
| Return over 1 year | -0.7% | 4.7% |
| Rank in category, 1 year | 7 of 21 | 3 of 21 |
| Against an index fund, 1 year | 4.5% ahead | 10.0% ahead |
| Regular plan return, 1 year | -1.7% | 2.9% |
| What the regular plan costs | 0.96% a year | 1.77% a year |
| Expense ratio, direct plan | 0.89% a year | 1.06% a year |
| Fund size | ₹14,660 crore | ₹1,015 crore |
Mahindra Manulife Value Fund returned 4.7% a year and HSBC Value Fund -0.7%. Only one period can be compared, because one of the funds is young.
They share 26% of their holdings
From their latest disclosed portfolios, 26% of each fund sits in the same shares, across 20 companies, led by HDFC Bank, ICICI Bank, Reliance Industr, Jindal Saw. That is a moderate overlap: the two funds differ enough to behave differently, but they are not independent.
What the numbers do not settle
The fund that was ahead over the last 1 year is not reliably the one ahead over the next. Look at whether a lead holds across periods, what each fund would cost you to enter and leave, and which fits the rest of what you own.
Check your whole portfolio
Add everything you hold to see which funds overlap, what you pay in commissions and where the portfolio is lopsided.
Check your portfolioTalk it through first
Which fund suits you depends on your goals, your tax position and what else you own. An advisor will go through it with you on a free call.
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Questions
Which has given higher returns, HSBC Value Fund or Mahindra Manulife Value Fund?
Over the 1 year to 09 Oct 2026, Mahindra Manulife Value Fund returned 4.7% a year and HSBC Value Fund returned -0.7%, measured by their direct plans. Past returns do not tell you which will lead next.
Are HSBC Value Fund and Mahindra Manulife Value Fund in the same category?
Yes. Both are value funds, so they invest in the same part of the market and are likely to hold many of the same shares.
How much do HSBC Value Fund and Mahindra Manulife Value Fund overlap?
About 26% of each fund is invested in the same shares, across 20 companies, going by their latest disclosed portfolios.
Should I switch from one to the other?
Not on past returns alone. A switch can mean an exit load and tax on your gains, and leadership between funds changes over time. Whether either fund suits you depends on your goals and the rest of your portfolio, which is a question for an advisor.
This page is information, not a recommendation to buy, sell or hold any fund. Returns are annualised, for the growth option, from NAVs published by AMFI. A ranking by past return says nothing certain about the future, and the right fund for you depends on your goals and the rest of your portfolio.
Invsify Technologies Private Limited is a SEBI Registered Investment Adviser, Registration No. INA000020572. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future results.