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2 star

HSBC Short Duration Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.73 0.16 8.81 10.44 2.09 3.41 7.21 3.48 5.24 6.12 6.75
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Short Duration 6.24 0.16 1.24 2.69 4.82 5.99 9.46 6.31 7.20 7.64 7.94
Rank within category 26 12 1 1 26 26 22 22 22 22 20
Number of funds in category 27 27 27 27 27 27 27 24 24 23 21

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Short Duration Fund  | Invest Online
2 star
Dec-02 7.21 3.48 5.24 1.29 177
SBI Short Term Debt Fund
4 star
Jul-07 11.35 8.18 8.40 0.84 14,777
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 11.61 8.19 8.75 1.51 13,649
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 11.45 8.45 8.34 0.80 12,511
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 11.18 8.26 8.35 1.13 11,858

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.38 (24-Mar-2020 - 31-Mar-2020) -8.96 (04-May-2020 - 11-May-2020)
Month 2.98 (24-Mar-2020 - 23-Apr-2020) -8.45 (20-Apr-2020 - 20-May-2020)
Quarter 3.78 (20-Aug-2013 - 19-Nov-2013) -8.27 (10-Feb-2020 - 11-May-2020)
Year 10.96 (19-Aug-2013 - 19-Aug-2014) -10.10 (10-May-2019 - 11-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.86 6.98 -0.64 -0.34 5.72 2.57
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Short Duration 5.74 3.41 0.64 1.42 1.21 1.92
Rank within category 25 23 24 24 26 17
Number of funds in category 26 26 26 26 26 26

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 26 13 53
Modified Duration (yrs) 2.59 2.59 1.59 2.21
Average Maturity (yrs) 3.10 3.10 1.85 2.76
Yield to Maturity (%) 5.57 7.72 5.57 5.59

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 20.90 20.90
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 18.37 18.37
equal 7.70% Orix Leasing & Financial Services 21/09/2020 Non Convertible Debenture AAA 2.86 - 8.81 8.51
down Energy Efficiency Services Debenture AA- 6.28 - 17.72 6.28
equal 7.61% HUDCO 22/06/2022 Debenture AAA 3.67 - 11.05 5.93
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 5.98 5.90
equal 7.80% LIC Housing Fin. 2022 Bonds/NCDs AAA 0.00 - 5.99 5.87
equal 6.75% Power Finance Corp. 22/05/2023 Debenture AAA 0.00 - 5.89 5.81
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 5.91 5.79
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 2.96 - 10.85 2.96
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 2.96 2.92
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 1.24 1.24
equal 7.56% Tube Investments Of India 28/12/2020 Debenture AA+ 0.13 - 0.48 0.46

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Kapil Punjabi since 23-Dec-2016

Education: Mr. Kapil Punjabi is MMS from Mumbai University.

Experience: 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.

Funds Managed:


0.16%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 30.4206

Dividend Weekly: ₹ 10.1349

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Dividend Quarterly: ₹ 10.6199

Dividend Monthly: ₹ 11.1536


Investment Strategy

The scheme seeks to generate regular income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 10,000
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 10-Dec-2002
Return Since Launch: 6.53%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 177 Cr (As on 30-Jun-2020)
Expense: 1.29% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-Apr-20200.0025

 27-May-20190.0781
 25-Apr-20190.0151
 25-Mar-20190.0609
 25-Feb-20190.0324
 25-Jan-20190.0491
 26-Dec-20180.0506
 26-Nov-20180.0485
 25-Oct-20180.0560
 27-Aug-20180.0521
 25-Jul-20180.0491
 25-Jun-20180.0517
 25-Apr-20180.0174
 26-Mar-20180.0595
 26-Feb-20180.0103
 25-Jan-20180.0240
 27-Nov-20170.0376
 25-Oct-20170.0409
 25-Sep-20170.0395
 28-Aug-20170.0479
 25-Jul-20170.0462
 27-Jun-20170.0522
 25-May-20170.0403
 25-Apr-20170.0459
 27-Mar-20170.0358
Dividend Weekly28-May-20190.0392

 21-May-20190.0143
 02-Apr-20190.0322
 26-Mar-20190.0176
 19-Mar-20190.0218
 12-Mar-20190.0320
 05-Mar-20190.0115
 26-Feb-20190.0061
 20-Feb-20190.0121
 12-Feb-20190.0053
 29-Jan-20190.0077
 22-Jan-20190.0062
 15-Jan-20190.0190
 08-Jan-20190.0133
 01-Jan-20190.0039
 26-Dec-20180.0252
 18-Dec-20180.0186
 11-Dec-20180.0068
 04-Dec-20180.0238
 27-Nov-20180.0141
 20-Nov-20180.0158
 13-Nov-20180.0132
 06-Nov-20180.0159
 30-Oct-20180.0078
 23-Oct-20180.0091
Dividend Quarterly25-Sep-20170.1445

Contact Information

AMC: HSBC Global Asset Management Company (India) Private Limited

Address: The Hongkong and Shanghai Banking Corp. Ltd. 16, V. N. Road, Fort, Mumbai - 400001

Phone: 022-66145000 / 66668819 / 1800-200-2434

Fax: 022-40029600

Email: [email protected]

Website: http://www.assetmanagement.hsbc.co.in

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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