HSBC Corporate Bond Direct-IDCW Yearly
(Scheme Rating)
NAV as of Aug 30, 2024
12.050.03%
- IDCW Yearly - Direct
(Earn upto 0.34% Extra Returns with Direct Plan)
Fund Category:
Debt: Corporate Bond
Expense Ratio:
0.30%(0.32% Category
average)Fund Size:
Rs. 5,965.70 Cr(3.87% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
HSBC Corporate Bond Direct-IDCW Yearly
(Scheme Rating)
NAV as of Aug 30, 2024
12.050.03%
Expense Ratio:
0.30%
Fund Size:
Rs. 5,965.70 Cr
Fund Category:
Debt: Corporate Bond
1. Current NAV: The Current Net Asset Value of the HSBC Corporate Bond Fund - Direct Plan as of Aug 30, 2024 is Rs 12.05 for IDCW Yearly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.11% (1yr), 5.74% (3yr), 6.83% (5yr) and 7.64% (since launch). Whereas, Category returns for the same time duration are: 7.5% (1yr), 5.32% (3yr) and 6.22% (5yr).
3. Fund Size: The HSBC Corporate Bond Fund - Direct Plan currently holds Assets under Management worth of Rs 5965.7 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.3% for Direct plan as on Aug 21, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
HSBC Corporate Bond Direct-IDCW Yearly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.77 2.34 4.11 7.94 5.67 6.86 Category Avg 0.71 2.12 3.95 7.43 5.29 6.23 Rank within Category 5 2 16 9 11 8 No. of funds within Category 22 22 22 22 20 19 - Loading...
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Return Comparison
- This Fund
- BenchmarkFranklin India Corporate Debt Direct-IDCWY
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
HSBC Corporate Bond Direct-IDCW Yearly Fund Details
Investment Objective - The scheme seeks to generate regular return by investing predominantly in AA+ and above rated corporate bonds.
Fund House | HSBC Mutual Fund |
Launch Date | Mar 30, 2015 |
Benchmark | Nifty Corporate Bond Index A-II |
Return Since Launch | 7.64% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | High |
Return Grade | Average |
HSBC Corporate Bond Direct-IDCW Yearly Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 1,000.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 3.47 | 3.9918 | 0.09 | 3.254 |
Average Maturity(Yrs) | 4.34 | 5.7534 | 0.1 | 4.439 |
Yield to Maturity(%) | 7.36 | 7.77 | 7.21 | 7.4742 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 18.97 | 22.86 |
Low Risk | 79.55 | 72.88 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 1.48 | 4.26 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 18.14 | 22.29 |
CD | 0.85 | 0.11 |
T-Bills | - | 0.02 |
CP | - | - |
NCD & Bonds | 79.55 | 72.32 |
PTC | - | - |
Cash & Others | 1.46 | 4.72 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 4,857.08 | 8.14 | - |
7.32% NTPC Ltd 17/07/2029 | Long-term Debt | Energy | AAA | 3,403.72 | 5.71 | 3,400 |
7.49% National Highways Authority of India Ltd 01/08/2029 | Long-term Debt | Services | AAA | 3,285.47 | 5.51 | 3,050 |
7.41% Indian Oil Corporation Ltd 22/10/2029 | Long-term Debt | Energy | AAA | 3,252.88 | 5.45 | 3,069 |
Power Grid Corporation Of India Ltd | Long-term Debt | Energy | AAA | 2,908.11 | 4.87 | - |
HDFC Bank Ltd | Long-term Debt | Financial | AAA | 2,635.95 | 4.42 | - |
ICICI Bank Ltd | Long-term Debt | Financial | AAA | 2,530.35 | 4.24 | - |
GOI | Long-term Debt | Sovereign | SOV | 2,314.67 | 3.88 | - |
7.7% National Highways Authority of India Ltd 13/09/2029 | Long-term Debt | Services | AAA | 2,103.45 | 3.53 | 1,950 |
Housing & Urban Development Corporation Ltd | Long-term Debt | Financial | AAA | 1,778.15 | 2.98 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HSBC Corporate Bond Direct-IDCW Yearly 12.05 5,965.70 0.77 7.94 5.67 6.86 Franklin India Corporate Debt Fund Direct-IDCW Yearly 18.73 789.99 0.67 7.67 5.76 6.52 PGIM India Corporate Bond Direct Plan-IDCW Yearly 16.08 95.89 0.77 7.81 5.90 6.86 Sundaram Corporate Bond Fund Direct-IDCW Yearly 17.50 710.05 0.78 7.81 5.56 6.76 Bandhan Corporate Bond Fund Direct-IDCW Yearly 10.52 13,607.68 0.72 7.61 5.37 6.67
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
2.17VS1.24Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.17VS0.62Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.04VS0.08Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
0.07VS0.17Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.23VS-0.11Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.62VS5.59Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- S.R.Shriram RamanathanSince Jun 20146 schemes
- K.P.Kapil PunjabiSince May 20242 schemes
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA. Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Low Duration Fund Direct-IDCW Yearly Low Duration 10.77 427.18 7.69 HSBC Dynamic Bond Fund Direct-IDCW Yearly Dynamic Bond 11.30 160.37 9.14 HSBC Aggressive Hybrid Fund Direct-IDCW Yearly Aggressive Hybrid 21.72 5,893.06 35.90 HSBC Medium Duration Fund Direct-IDCW Yearly Medium Duration 11.96 812.21 8.40 HSBC Credit Risk Fund Direct-IDCW Yearly Credit Risk 12.55 571.20 7.60 HSBC Short Duration Fund Direct-IDCW Yearly Short Duration 12.52 3,762.76 7.83 Mr. Kapil Punjabi is MMS from Mumbai University. Prior to joining HSBC Asset Management (India) Pvt. Ltd., he has worked with Taurus Asset Management Co. Ltd., Edelweiss Asset Management Ltd., Edelweiss Securities Ltd. and Trans Market Group Research (India) Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Credit Risk Fund Direct-IDCW Yearly Credit Risk 12.55 571.20 7.60 HSBC Medium Duration Fund Direct-IDCW Yearly Medium Duration 11.96 812.21 8.40
More HSBC Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
HSBC Liquid Fund Direct-Growth | 20,247.52 | 0.60 | 1.87 | 3.77 | 7.38 | 5.79 | |
HSBC Small Cap Fund Direct-Growth | 14,787.25 | 8.95 | 26.53 | 22.80 | 56.05 | 33.77 | |
HSBC Value Fund Direct-Growth | 12,373.16 | 8.77 | 20.66 | 25.80 | 62.18 | 30.12 | |
HSBC Midcap Fund Direct-Growth | 10,583.54 | 8.31 | 23.32 | 29.55 | 65.34 | 26.81 | |
HSBC Corporate Bond Direct-Growth | 5,965.27 | 0.64 | 1.69 | 3.99 | 6.65 | 5.36 | |
HSBC Aggressive Hybrid Fund Direct-Growth | 5,441.86 | 6.14 | 17.19 | 18.61 | 35.55 | 17.32 | |
HSBC Banking and PSU Debt Fund Direct-Growth | 4,731.55 | 0.63 | 1.87 | 3.70 | 6.75 | 4.76 | |
HSBC Flexi Cap Fund Direct-Growth | 4,435.44 | 8.71 | 16.68 | 24.08 | 49.06 | 22.73 | |
HSBC ELSS Tax Saver Fund Direct-Growth | 3,949.85 | 7.73 | 23.04 | 26.97 | 47.04 | 21.73 | |
HSBC Short Duration Fund Direct-Growth | 3,833.84 | 0.70 | 1.89 | 3.72 | 7.00 | 5.28 |
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1. HSBC Corporate Bond Fund - Direct Plan is Open-ended Corporate Bond Debt scheme which belongs to HSBC Mutual Fund House.
2. The fund was launched on Mar 30, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate regular return by investing predominantly in AA+ and above rated corporate bonds. "
2. It is benchmarked against Nifty Corporate Bond Index A-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of HSBC Corporate Bond Fund - Direct Plan is 4.34 years and Duration is 3.47 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on HSBC Corporate Bond Direct-IDCW Yearly
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about HSBC Corporate Bond Direct-IDCW Yearly
- Is it safe to invest in HSBC Corporate Bond Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the HSBC Corporate Bond Fund - Direct Plan comes under Moderate risk category.
- What is the category of HSBC Corporate Bond Fund - Direct Plan?HSBC Corporate Bond Fund - Direct Plan belongs to the Debt : Corporate Bond category of funds.
- How Long should I Invest in HSBC Corporate Bond Fund - Direct Plan?The suggested investment horizon of investing into HSBC Corporate Bond Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HSBC Corporate Bond Fund - Direct Plan?The HSBC Corporate Bond Fund - Direct Plan is managed by Shriram Ramanathan (Since Jun 30, 2014) and Kapil Punjabi (Since May 01, 2024).
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