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Unrated

HSBC Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.82 0.01 0.05 0.23 0.73 1.79 4.32 -- -- -- --
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 -- -- -- --
Debt: Overnight 1.83 0.01 0.05 0.23 0.73 1.80 4.34 -- -- -- --
Rank within category 13 12 18 11 13 14 12 -- -- -- --
Number of funds in category 28 30 30 30 30 28 18 3 3 3 3

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Overnight Fund - Regular Plan  | Invest Online
Unrated
May-19 4.32 -- -- 0.26 623
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.30 5.45 5.83 0.20 16,741
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.37 5.50 5.94 0.18 12,348
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.32 -- -- 0.20 10,566
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.33 -- -- 0.22 8,257

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.13 (09-Aug-2019 - 18-Aug-2019) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 0.47 (24-May-2019 - 24-Jun-2019) 0.20 (22-Mar-2020 - 21-Apr-2020)
Quarter 1.35 (22-May-2019 - 21-Aug-2019) 0.68 (22-Mar-2020 - 21-Jun-2020)
Year 4.64 (22-May-2019 - 21-May-2020) 4.31 (04-Jul-2019 - 03-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 2
Modified Duration (yrs) 0.01 0.01 0.00 0.01
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.23 6.07 0.50 3.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-May-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:


--

Change from previous, NAV as on 05-Jul-2020

Growth: ₹ 1,050.2058

Dividend Monthly: ₹ 1,000.7805

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: 4.46%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 623 Cr (As on 31-May-2020)
Expense: 0.26% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0811

 02-Jul-20200.0758
 01-Jul-20200.0783
 30-Jun-20200.0765
 29-Jun-20200.0757
 28-Jun-20200.1529
 26-Jun-20200.0758
 25-Jun-20200.0610
 24-Jun-20200.0731
 23-Jun-20200.0788
 22-Jun-20200.0775
 21-Jun-20200.1626
 19-Jun-20200.0781
 18-Jun-20200.0752
 17-Jun-20200.0749
 16-Jun-20200.0748
 15-Jun-20200.0756
 14-Jun-20200.1562
 12-Jun-20200.0757
 11-Jun-20200.0768
 10-Jun-20200.0797
 09-Jun-20200.0807
 08-Jun-20200.0812
 07-Jun-20200.1657
 05-Jun-20200.0794
Dividend Weekly30-Jun-20200.5151

 23-Jun-20200.5474
 16-Jun-20200.5392
 09-Jun-20200.5684
 02-Jun-20200.5548
 26-May-20200.5207
 19-May-20200.5347
 12-May-20200.5901
 05-May-20200.6410
 28-Apr-20200.4932
 21-Apr-20200.5203
 15-Apr-20200.6751
 07-Apr-20200.4761
 24-Mar-20200.5289
 17-Mar-20200.5399
 11-Mar-20200.7281
 03-Mar-20200.6276
 25-Feb-20200.6549
 18-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
Dividend Monthly25-Jun-20202.3460

 26-May-20202.3708
 27-Apr-20202.1481
 26-Mar-20202.4817
 25-Feb-20202.6883
 27-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: 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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