HSBC Ultra Short Duration Fund Direct-IDCW Weekly
(Scheme Rating)
NAV as of Aug 30, 2024
1,007.730.02%
- IDCW Weekly - Direct
(Earn upto 0.26% Extra Returns with Direct Plan)
Fund Category:
Debt: Ultra Short Duration
Expense Ratio:
0.21%(0.30% Category
average)Fund Size:
Rs. 2,898.18 Cr(2.79% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
HSBC Ultra Short Duration Fund Direct-IDCW Weekly
(Scheme Rating)
NAV as of Aug 30, 2024
1,007.730.02%
Expense Ratio:
0.21%
Fund Size:
Rs. 2,898.18 Cr
Fund Category:
Debt: Ultra Short Duration
1. Current NAV: The Current Net Asset Value of the HSBC Ultra Short Duration Fund - Direct Plan as of Aug 30, 2024 is Rs 1,007.73 for IDCW Weekly option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.54% (1yr), 6.09% (3yr) and 5.68% (since launch). Whereas, Category returns for the same time duration are: 6.94% (1yr), 5.6% (3yr) and 5.29% (5yr).
3. Fund Size: The HSBC Ultra Short Duration Fund - Direct Plan currently holds Assets under Management worth of Rs 2898.18 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.21% 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 Ultra Short Duration Fund Direct-IDCW Weekly Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.57 1.83 3.82 7.50 6.10 - Category Avg 0.52 1.68 3.52 6.91 5.61 5.29 Rank within Category 16 14 13 13 16 - No. of funds within Category 24 24 24 24 24 19 - Loading...
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Return Comparison
- This Fund
- BenchmarkNippon India Ultra Short Duration Direct-IDCWW
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- Nifty 50
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HSBC Ultra Short Duration Fund Direct-IDCW Weekly Fund Details
Investment Objective - The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments.
Fund House | HSBC Mutual Fund |
Launch Date | Jan 30, 2020 |
Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
Return Since Launch | 5.68% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
HSBC Ultra Short Duration Fund Direct-IDCW Weekly 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.) | 1.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.41 | 0.5489 | 0.08 | 0.4025 |
Average Maturity(Yrs) | 0.55 | 0.8247 | 0.09 | 0.4446 |
Yield to Maturity(%) | 7.38 | 8.1542 | 6.72 | 7.4279 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 12.65 | 14.41 |
Low Risk | 82.76 | 77.05 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 4.59 | 8.54 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 2.67 | 0.40 |
CD | 40.71 | 33.74 |
T-Bills | 9.23 | 13.48 |
CP | 17.55 | 13.71 |
NCD & Bonds | 23.84 | 30.27 |
PTC | - | 0.34 |
Cash & Others | 6.00 | 7.77 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Reserve Bank of India | Short-term Debt | Financial | SOV | 992.50 | 3.42 | 1,00,00,000 |
HDFC Bank Ltd | Short-term Debt | Financial | A1+ | 974.96 | 3.36 | 2,000 |
Small Industries Devp Bank of India Ltd | Short-term Debt | Financial | A1+ | 972.63 | 3.36 | 2,000 |
ICICI Bank Ltd | Short-term Debt | Financial | A1+ | 964.23 | 3.33 | 2,000 |
Power Finance Corporation Ltd | Long-term Debt | Financial | AAA | 788.15 | 2.72 | - |
7.4% REC Ltd 26/11/2024 | Long-term Debt | Financial | AAA | 786.96 | 2.72 | 750 |
GOI | Long-term Debt | Sovereign | SOV | 772.51 | 2.67 | 75,00,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 745.30 | 2.57 | - |
Aditya Birla Finance Ltd | Short-term Debt | Financial | A1+ | 742.57 | 2.56 | 1,500 |
Bajaj Finance Ltd | Short-term Debt | Financial | A1+ | 738.16 | 2.55 | 1,500 |
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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 Ultra Short Duration Fund Direct-IDCW Weekly 1,007.73 2,898.18 0.57 7.50 6.10 - Nippon India Ultra Short Duration Fund Direct-IDCW Weekly 1,091.69 7,291.01 0.58 7.80 6.60 6.09 UTI Ultra Short Duration Fund Direct-IDCW Weekly 1,083.58 2,139.50 0.57 7.57 7.12 6.54 Axis Ultra Short Term Fund Direct-IDCW Weekly 10.06 4,958.63 0.57 7.68 6.34 6.12 ICICI Prudential Ultra Short Term Fund Direct-IDCW Weekly 10.09 14,113.40 0.57 7.65 6.36 6.46
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.
Low Volatality
0.54VS0.57Fund 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
1.16VS1.06Fund 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
0.61VS0.65Fund 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
0.28VS0.46Fund 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.
Better risk-adjusted returns
2.70VS2.55Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
5.87VS5.91Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- M.A.Mahesh A ChhabriaSince Nov 20222 schemes
- K.P.Kapil PunjabiSince May 20243 schemes
Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA. Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HSBC Overnight Fund Direct-IDCW Weekly Overnight 1,000.55 3,203.31 6.82 HSBC Banking and PSU Debt Fund Direct-IDCW Weekly Banking and PSU 10.35 4,802.31 7.38 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 Overnight Fund Direct-IDCW Weekly Overnight 1,000.55 3,203.31 6.82 HSBC Liquid Fund Direct-IDCW Weekly Liquid 1,195.81 17,291.07 7.44 HSBC Money Market Fund Direct-IDCW Weekly Money Market 13.19 1,749.88 7.54
More HSBC Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
HSBC Liquid Fund Direct-Growth | 19,885.27 | 0.59 | 1.84 | 3.61 | 7.30 | 5.39 | |
HSBC Small Cap Fund Direct-Growth | 13,746.58 | -3.87 | 1.65 | 8.76 | 45.95 | 32.26 | |
HSBC Value Fund Direct-Growth | 11,536.28 | 1.62 | 10.70 | 21.45 | 52.62 | 26.69 | |
HSBC Midcap Fund Direct-Growth | 9,724.77 | 1.91 | 10.17 | 21.70 | 53.22 | 22.68 | |
HSBC Corporate Bond Direct-Growth | 6,175.46 | 0.83 | 2.60 | 3.89 | 8.42 | 5.96 | |
HSBC Aggressive Hybrid Fund Direct-Growth | 5,139.21 | 2.00 | 6.22 | 10.29 | 31.77 | 13.68 | |
HSBC Banking and PSU Debt Fund Direct-Growth | 4,594.65 | 0.70 | 2.10 | 3.60 | 7.82 | 4.77 | |
HSBC Flexi Cap Fund Direct-Growth | 4,199.70 | 2.15 | 10.98 | 17.70 | 42.97 | 19.76 | |
HSBC ELSS Tax Saver Fund Direct-Growth | 3,679.64 | 2.02 | 9.50 | 15.01 | 40.08 | 17.19 | |
HSBC Short Duration Fund Direct-Growth | 3,554.41 | 0.74 | 2.24 | 3.79 | 7.79 | 5.33 |
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1. HSBC Ultra Short Duration Fund - Direct Plan is Open-ended Ultra Short Duration Debt scheme which belongs to HSBC Mutual Fund House.
2. The fund was launched on Jan 30, 2020.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. "
2. It is benchmarked against NIFTY Ultra Short Duration Debt Index B-I.
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 Ultra Short Duration Fund - Direct Plan is 0.55 years and Duration is 0.40916667 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 Ultra Short Duration Fund Direct-IDCW Weekly
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 Ultra Short Duration Fund Direct-IDCW Weekly
- Is it safe to invest in HSBC Ultra Short Duration Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the HSBC Ultra Short Duration Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of HSBC Ultra Short Duration Fund - Direct Plan?HSBC Ultra Short Duration Fund - Direct Plan belongs to the Debt : Ultra Short Duration category of funds.
- How Long should I Invest in HSBC Ultra Short Duration Fund - Direct Plan?The suggested investment horizon of investing into HSBC Ultra Short Duration Fund - Direct Plan is 3 - 6 months. 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 Ultra Short Duration Fund - Direct Plan?The HSBC Ultra Short Duration Fund - Direct Plan is managed by Mahesh A Chhabria (Since Nov 26, 2022) and Kapil Punjabi (Since May 01, 2024).
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