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3 star

HSBC Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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 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 2.19 0.01 0.06 0.25 0.76 1.55 3.02 -- -- -- --
CCIL T Bill Liquidity Weight 1.51 0.02 0.04 0.17 0.62 1.10 2.17 -- -- -- --
Debt: Overnight 2.19 0.01 0.06 0.25 0.76 1.55 3.02 -- -- -- --
Rank within category 15 22 3 11 11 12 15 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 20-Sep-2021

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
3 star
May-19 3.02 -- -- 0.26 504
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.01 -- -- 0.19 7,804
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.15 6,778
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.04 4.32 4.97 0.12 5,884
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13 1,527

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.91 22-Mar-2020 - 22-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Overnight* 4.18 0.38 0.33 1.71 0.63 0.55
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) -- 0.01 0.01 --
Yield to Maturity (%) 3.21 3.49 2.89 3.13
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2021

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 20-Sep-2021

Growth: ₹ 1,088.6479

IDCW Monthly: ₹ 1,002.1317

IDCW 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
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 22-May-2019
Return Since Launch: 3.71%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 504 Cr (As on 31-Aug-2021)
Expense: 0.26% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-Sep-20210.0843

 19-Sep-20210.1798
 17-Sep-20210.0887
 16-Sep-20210.0834
 15-Sep-20210.0819
 14-Sep-20210.0834
 13-Sep-20210.0805
 12-Sep-20210.2470
 09-Sep-20210.0798
 08-Sep-20210.0813
 07-Sep-20210.0806
 06-Sep-20210.0778
 05-Sep-20210.1581
 03-Sep-20210.0776
 02-Sep-20210.0787
 01-Sep-20210.0789
 31-Aug-20210.0814
 30-Aug-20210.0799
 29-Aug-20210.1633
 27-Aug-20210.0809
 26-Aug-20210.0822
 25-Aug-20210.0803
 24-Aug-20210.0800
 23-Aug-20210.0801
 22-Aug-20210.1613
IDCW Weekly14-Sep-20210.5722

 07-Sep-20210.5517
 31-Aug-20210.5683
 24-Aug-20210.5587
 17-Aug-20210.5633
 10-Aug-20210.5689
 03-Aug-20210.5791
 27-Jul-20210.5928
 13-Jul-20210.5823
 06-Jul-20210.6016
 29-Jun-20210.5877
 22-Jun-20210.6047
 08-Jun-20210.5899
 01-Jun-20210.5940
 25-May-20210.6012
 18-May-20210.5945
 11-May-20210.5895
 04-May-20210.5836
 27-Apr-20210.5756
 20-Apr-20210.4197
 15-Apr-20210.7140
 06-Apr-20210.5985
 30-Mar-20210.5880
 23-Mar-20210.5827
 16-Mar-20210.6057
IDCW Monthly25-Aug-20212.4352

 26-Jul-20212.6157
 25-Jun-20212.6278
 25-May-20212.4539
 26-Apr-20212.6471
 25-Mar-20212.3495
 25-Feb-20212.4557
 25-Jan-20212.2270
 28-Dec-20202.5988
 25-Nov-20202.2275
 26-Oct-20202.5526
 25-Sep-20202.5084
 25-Aug-20202.3654
 27-Jul-20202.5815
 25-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: 9-11th Floor, NESCO - IT Park Bldg. 3, Nesco Complex, Western Express Highway, Goregaon East, Mumbai - 400063

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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