Axis Multi Factor Passive FOF vs HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)
Fund of Funds Scheme (Domestic · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 09-Nov-2026
| Metric | Axis Multi Factor Passive FOF | HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) |
|---|---|---|
| Latest NAV | ₹15.47 | ₹24.32 |
| 1-Year Return | -0.23% | +6.12% |
| 3-Year Return (CAGR) | +8.67% | +7.78% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 13.4% | 1.2% |
| Max Drawdown | −22.0% | −1.1% |
| Fund House | Axis Mutual Fund | HSBC Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Axis Multi Factor Passive FOF vs HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan): which is better?
Axis Multi Factor Passive FOF and HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) are both fund of funds scheme (domestic mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), Axis Multi Factor Passive FOF leads with +8.67% against +7.78% — a gap of about 0.88 percentage points per year over that period.
HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) has been the steadier fund over the past year, with annualised volatility of 1.2% versus 13.4%. Looking at worst falls, Axis Multi Factor Passive FOF's deepest drawdown in the stored history is −22.0% against −1.1% for HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan).
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- Axis Multi Factor Passive FOF has delivered higher 3-year returns (+8.67% vs +7.78%).
- HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) has shown lower volatility over the trailing year.
- HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) has had the shallower maximum drawdown (−1.1%).
Frequently Asked Questions
Which fund has given higher returns — Axis Multi Factor Passive FOF or HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
Over the past 3 year period, Axis Multi Factor Passive FOF has delivered higher returns: +8.67% versus +7.78% annualised. Past performance does not guarantee future results.
Which fund is less risky — Axis Multi Factor Passive FOF or HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
Based on the trailing year, HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) has shown lower day-to-day volatility (Axis Multi Factor Passive FOF: 13.4%, HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan): 1.2% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Axis Multi Factor Passive FOF and HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Fund of Funds Scheme (Domestic comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.