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HSBC Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.00 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Analyst's Choice?

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 0.70 0.07 0.20 0.74 1.66 4.20 0.02 4.24 6.24 7.17 --
CCIL T Bill Liquidity Weight 0.25 0.01 0.06 0.25 0.81 1.86 4.14 4.14 4.47 4.78 --
Debt: Short Duration 0.57 0.07 0.29 0.62 1.64 3.50 5.43 6.07 7.24 7.92 --
Rank within category 21 23 28 20 24 21 21 20 20 19 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.18 (29-Aug-2013 - 05-Sep-2013) -8.54 (03-Jun-2019 - 10-Jun-2019)
Month 2.58 (20-Aug-2013 - 19-Sep-2013) -7.90 (31-May-2019 - 01-Jul-2019)
Quarter 3.98 (20-Aug-2013 - 19-Nov-2013) -7.00 (02-Apr-2019 - 02-Jul-2019)
Year 11.79 (19-Aug-2013 - 19-Aug-2014) -0.39 (26-Jun-2018 - 26-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.35 5.14 -0.27 -0.16 4.06 5.30
CCIL T Bill Liquidity Weight 4.08 0.26 -6.21 -10.52 -- --
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 21 21 22 22 18 19
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 38 19 57
Modified Duration (yrs) 1.85 2.29 1.57 2.04
Average Maturity (yrs) 2.19 2.86 2.04 2.49
Yield to Maturity (%) 6.84 9.42 6.84 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Energy Efficiency Services Debenture AA- 5.37 - 11.07 11.07
equal 7.61% HUDCO 22/06/2022 Debenture AAA 0.00 - 10.22 7.95
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 6.80 6.80
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.76 - 10.94 5.83
equal 8.45% REC 22/03/2022 Debenture AAA 2.75 - 5.74 5.74
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 8.95 5.73
down 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 10.85 5.65
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 2.65 - 5.62 5.62
equal 7.45% LIC Housing Fin. 13/01/2023 Debenture AAA 0.00 - 5.57 5.57
equal 8.50% Vedanta 2021 Debenture AA 4.75 - 7.77 5.55
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 4.60 4.60
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 9.49 4.50
equal 7.65% IRFC 15/03/2021 Debenture AAA 0.00 - 3.41 3.41
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 3.36 3.36
equal 7.70% Orix Leasing & Financial Services 21/09/2020 Non Convertible Debenture AAA 2.66 - 3.90 3.31
new 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 1.15 1.15
equal 8.90% Dewan Housing Fin. Corpn. 2021 Debenture D 0.00 - 1.33 1.13
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.20 0.69
equal 7.56% Tube Investments Of India 28/12/2020 Debenture AA+ 0.00 - 0.18 0.18

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 31-Dec-2019

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:


0.07%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 31.4529

Dividend Weekly: ₹ 9.9177

Dividend Monthly: ₹ 12.1755


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: 01-Jan-2013
Return Since Launch: 7.18%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 448 Cr (As on 31-Dec-2019)
Expense: 0.34% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly28-May-20190.0406

 21-May-20190.0193
 14-May-20190.0043
 02-Apr-20190.0336
 26-Mar-20190.0190
 19-Mar-20190.0232
 12-Mar-20190.0334
 05-Mar-20190.0129
 26-Feb-20190.0072
 20-Feb-20190.0136
 12-Feb-20190.0080
 29-Jan-20190.0091
 22-Jan-20190.0075
 15-Jan-20190.0204
 08-Jan-20190.0146
 01-Jan-20190.0051
 26-Dec-20180.0268
 18-Dec-20180.0200
 11-Dec-20180.0081
 04-Dec-20180.0252
 27-Nov-20180.0155
 20-Nov-20180.0172
 13-Nov-20180.0146
 06-Nov-20180.0173
 30-Oct-20180.0092
Dividend Monthly25-Feb-20190.0426

 25-Jan-20190.0607
 26-Dec-20180.0986
 26-Nov-20180.0852
 25-Oct-20180.0896
 27-Feb-20170.0464
 25-Jan-20170.0571
 26-Dec-20160.0703
 25-Nov-20160.0626
 25-Oct-20160.0522
 26-Sep-20160.5652
 26-Nov-20150.0568
 26-Oct-20150.0640
 28-Sep-20150.0628
 25-Aug-20150.0541
 27-Jul-20150.0571
 25-Jun-20150.0624
 25-May-20150.0522
 27-Apr-20150.0767
 25-Mar-20150.0563
 25-Feb-20150.0570
 27-Jan-20150.0700
 26-Dec-20140.3047
 25-Jul-20140.0636
 25-Jun-20140.0616
Dividend Quarterly25-Sep-20180.0864

 25-Jun-20180.0720
 26-Mar-20180.0722
 26-Dec-20170.1445
 25-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: 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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