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2 star

HSBC Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 2.08 -0.01 0.04 0.35 8.94 0.99 3.69 2.32 4.28 5.62 --
CCIL T Bill Liquidity Weight 2.47 0.00 0.03 0.12 0.49 1.42 3.34 3.95 4.16 4.62 --
Debt: Low Duration 4.86 0.00 0.06 0.44 3.44 4.75 6.39 5.04 6.11 6.75 --
Rank within category 22 22 15 20 3 23 22 21 20 18 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 29-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Low Duration Fund  | Invest Online
2 star
Oct-06 3.69 2.32 4.28 1.02 138
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 8.54 7.91 8.11 0.55 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.97 7.55 7.62 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.29 7.49 7.58 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.50 7.81 8.05 1.12 9,297

Best & Worst Performance

Best (Period) Worst (Period)
Week 7.92 (30-Jun-2020 - 07-Jul-2020) -9.56 (04-May-2020 - 11-May-2020)
Month 9.04 (08-Jun-2020 - 08-Jul-2020) -9.02 (08-Apr-2020 - 08-May-2020)
Quarter 10.55 (11-May-2020 - 10-Aug-2020) -8.93 (10-Feb-2020 - 11-May-2020)
Year 10.24 (20-Aug-2013 - 20-Aug-2014) -27.86 (09-Nov-2011 - 08-Nov-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.76 8.92 -0.27 -0.15 0.09 -2.28
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.15 4.37 1.06 2.22 -0.82 -0.94
Rank within category 21 21 20 20 8 21
Number of funds in category 25 25 25 25 25 25

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 13 6 55
Modified Duration (yrs) 0.78 0.91 0.67 0.78
Average Maturity (yrs) 0.84 1.04 0.72 0.91
Yield to Maturity (%) 4.31 6.51 4.31 4.92
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 15.38 10.81
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 17.94 10.68
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 7.67 7.67
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 9.84 7.65
new 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 7.62 7.62
equal 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 7.44 - 14.09 7.60
equal 7.14% REC 2021 Bonds AAA 0.00 - 12.72 7.47
new 7.60% Aditya Birla Finance 16/10/2020 Debenture AAA 0.00 - 7.29 7.29
equal 7.70% Orix Leasing & Financial Services 21/09/2020 Non Convertible Debenture AAA 4.82 - 12.56 7.27
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 7.00 7.00
new 8.80% HDB Financial Services 14/03/2022 Debenture AAA 0.00 - 3.81 3.81
equal 8.78% NHPC 2021 Bonds AAA 0.00 - 5.33 3.71
equal ICICI Bank 23/12/2020 Certificate of Deposit A1+ 0.00 - 5.10 3.59

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-Aug-2020

Fund Manager

— Kapil Punjabi since 18-Oct-2014

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:


-0.01%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 15.8947

Dividend Weekly: ₹ 9.6754

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Dividend Monthly: ₹ 9.7569

Dividend Daily: ₹ 9.6621


Investment Strategy

The scheme seeks to provide liquidity and reasonable returns by investing primarily in a mix of debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months.

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 (₹) --
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 17-Oct-2006
Return Since Launch: 5.96%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 138 Cr (As on 31-Aug-2020)
Expense: 1.02% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jun-20190.0088

 31-May-20190.0036
 30-May-20190.0006
 29-May-20190.0021
 28-May-20190.0018
 27-May-20190.0066
 24-May-20190.0028
 23-May-20190.0055
 22-May-20190.0005
 21-May-20190.0018
 20-May-20190.0065
 17-May-20190.0037
 14-May-20190.0007
 13-May-20190.0007
 10-May-20190.0018
 09-May-20190.0018
 08-May-20190.0025
 07-May-20190.0035
 06-May-20190.0032
 02-May-20190.0019
 30-Apr-20190.0024
 22-Apr-20190.0036
 18-Apr-20190.0013
 16-Apr-20190.0017
 15-Apr-20190.0016
Dividend Weekly28-May-20190.0172

 21-May-20190.0121
 14-May-20190.0076
 07-May-20190.0086
 30-Apr-20190.0034
 23-Apr-20190.0040
 16-Apr-20190.0052
 09-Apr-20190.0005
 02-Apr-20190.0152
 26-Mar-20190.0046
 19-Mar-20190.0132
 12-Mar-20190.0178
 05-Mar-20190.0101
 26-Feb-20190.0066
 20-Feb-20190.0121
 12-Feb-20190.0166
 29-Jan-20190.0090
 22-Jan-20190.0096
 15-Jan-20190.0146
 08-Jan-20190.0153
 01-Jan-20190.0112
 26-Dec-20180.0150
 18-Dec-20180.0146
 11-Dec-20180.0086
 04-Dec-20180.0138
Dividend Monthly27-May-20190.0500

 25-Apr-20190.0388
 25-Mar-20190.0507
 25-Feb-20190.0363
 25-Jan-20190.0548
 26-Dec-20180.0543
 26-Nov-20180.0533
 25-Oct-20180.0568
 25-Sep-20180.0006
 27-Aug-20180.0496
 25-Jul-20180.0428
 25-Jun-20180.0518
 25-May-20180.0132
 25-Apr-20180.0356
 26-Mar-20180.0454
 26-Feb-20180.0314
 25-Jan-20180.0309
 26-Dec-20170.0188
 27-Nov-20170.0307
 25-Oct-20170.0374
 25-Sep-20170.0314
 28-Aug-20170.0438
 25-Jul-20170.0418
 27-Jun-20170.0480
 25-May-20170.0362

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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