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HSBC Overnight Fund - Regular Plan


Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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 0.71 0.01 0.09 0.40 1.17 2.42 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 -- -- -- -- --
Debt: Overnight 0.71 0.01 0.09 0.41 1.18 2.42 -- -- -- -- --
Rank within category 18 27 28 27 20 13 -- -- -- -- --
Number of funds in category 28 30 30 29 27 18 10 3 3 3 3

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.13 (09-Aug-2019 - 18-Aug-2019) 0.08 (26-Dec-2019 - 02-Jan-2020)
Month 0.47 (24-May-2019 - 24-Jun-2019) 0.37 (08-Dec-2019 - 07-Jan-2020)
Quarter 1.35 (22-May-2019 - 21-Aug-2019) 1.16 (08-Oct-2019 - 07-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.43 0.27 -1.11 -1.47 0.36 0.35
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.01 0.01
Average Maturity (yrs) 0.01 0.01 0.01 0.01
Yield to Maturity (%) 4.92 6.07 4.84 4.94

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-2020

Fund Manager

— Kapil Punjabi since 21-May-2019

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 24-Feb-2020

Growth: ₹ 1,038.5063

Dividend Monthly: ₹ 1,003.6039

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.

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 (₹) 1,000
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 22-May-2019
Return Since Launch: 3.85%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 151 Cr (As on 31-Jan-2020)
Expense: 0.26% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Feb-20200.2838

 20-Feb-20200.0935
 19-Feb-20200.0922
 18-Feb-20200.0913
 17-Feb-20200.0881
 16-Feb-20200.1934
 14-Feb-20200.0951
 13-Feb-20200.0917
 12-Feb-20200.0907
 11-Feb-20200.0917
 10-Feb-20200.0912
 09-Feb-20200.1843
 07-Feb-20200.0917
 06-Feb-20200.0928
 05-Feb-20200.0919
 04-Feb-20200.0914
 03-Feb-20200.0904
 02-Feb-20200.1839
 31-Jan-20200.0916
 30-Jan-20200.0923
 29-Jan-20200.0923
 28-Jan-20200.0927
 27-Jan-20200.0919
 26-Jan-20200.1872
 24-Jan-20200.0933
Dividend Weekly18-Feb-20200.6504

 11-Feb-20200.6440
 04-Feb-20200.6422
 28-Jan-20200.6532
 21-Jan-20200.6527
 14-Jan-20200.6444
 07-Jan-20200.6155
 31-Dec-20190.6115
 24-Dec-20190.6395
 17-Dec-20190.6303
 10-Dec-20190.6339
 03-Dec-20190.6455
 26-Nov-20190.6585
 19-Nov-20190.5520
 13-Nov-20190.7472
 05-Nov-20190.1837
 13-Aug-20190.7108
Dividend Monthly27-Jan-20202.9093

 26-Dec-20192.8259
 25-Nov-20192.8858
 25-Oct-20192.7786
 25-Sep-20192.9919
 26-Aug-20190.7951

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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