HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) vs Mirae Asset Diversified Equity Allocator Passive FOF
Fund of Funds Scheme (Domestic · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 06-Nov-2026
| Metric | HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) | Mirae Asset Diversified Equity Allocator Passive FOF |
|---|---|---|
| Latest NAV | ₹24.32 | ₹25.75 |
| 1-Year Return | +6.12% | +2.24% |
| 3-Year Return (CAGR) | +7.78% | +11.67% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 1.2% | 14.5% |
| Max Drawdown | −1.1% | −18.2% |
| Fund House | HSBC Mutual Fund | Mirae Asset Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) vs Mirae Asset Diversified Equity Allocator Passive FOF: which is better?
HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) and Mirae Asset Diversified Equity Allocator Passive FOF 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), Mirae Asset Diversified Equity Allocator Passive FOF leads with +11.67% against +7.78% — a gap of about 3.88 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 14.5%. Looking at worst falls, HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)'s deepest drawdown in the stored history is −1.1% against −18.2% for Mirae Asset Diversified Equity Allocator Passive FOF.
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
- Mirae Asset Diversified Equity Allocator Passive FOF has delivered higher 3-year returns (+11.67% 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 — HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) or Mirae Asset Diversified Equity Allocator Passive FOF?
Over the past 3 year period, Mirae Asset Diversified Equity Allocator Passive FOF has delivered higher returns: +11.67% versus +7.78% annualised. Past performance does not guarantee future results.
Which fund is less risky — HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) or Mirae Asset Diversified Equity Allocator Passive FOF?
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 (HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan): 1.2%, Mirae Asset Diversified Equity Allocator Passive FOF: 14.5% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) and Mirae Asset Diversified Equity Allocator Passive FOF?
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.