VR Logo

4 star

HSBC Overnight Fund - Direct 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.88 0.01 0.06 0.28 0.82 1.59 3.17 -- -- -- --
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 -- -- -- --
Debt: Overnight 1.85 0.01 0.06 0.27 0.80 1.56 3.11 -- -- -- --
Rank within category 2 6 4 1 4 1 3 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 03-Aug-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.17 -- -- 0.11 468
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.10 -- -- 0.10 5,273
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.12 -- -- 0.06 1,213
SBI Overnight Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.09 4.51 5.11 0.10 18,441
HDFC Overnight Fund - Direct Plan  | Invest Online
2 star
Jan-13 3.08 4.48 5.10 0.10 15,095

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 0.48 24-May-2019 - 24-Jun-2019 0.21 22-Mar-2020 - 21-Apr-2020
Quarter 1.39 22-May-2019 - 21-Aug-2019 0.72 22-Mar-2020 - 21-Jun-2020
Year 4.80 22-May-2019 - 21-May-2020 3.06 22-Mar-2020 - 22-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.44 0.39 -1.76 -4.38 -- --
Debt: Overnight* 4.44 0.40 0.77 4.11 0.68 0.78
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-Jul-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 (%) 3.34 3.49 2.89 3.24
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

The underlying data is unavailable.

As on 30-Jun-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 03-Aug-2021

Growth: ₹ 1,088.0128

IDCW Weekly: ₹ 1,000.6068

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: 3.90%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 468 Cr (As on 30-Jun-2021)
Expense: 0.11% (As on 30-Jun-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Aug-20210.0865

 01-Aug-20210.0882
 31-Jul-20210.0882
 30-Jul-20210.0859
 29-Jul-20210.0871
 28-Jul-20210.0860
 27-Jul-20210.0871
 26-Jul-20210.0952
 25-Jul-20210.1484
 23-Jul-20210.0872
 22-Jul-20210.0872
 21-Jul-20210.0883
 20-Jul-20210.0872
 19-Jul-20210.0872
 18-Jul-20210.1479
 16-Jul-20210.0866
 15-Jul-20210.0867
 14-Jul-20210.0867
 13-Jul-20210.0878
 12-Jul-20210.0878
 11-Jul-20210.1480
 09-Jul-20210.0867
 08-Jul-20210.0867
 07-Jul-20210.0850
 06-Jul-20210.0867
IDCW Weekly27-Jul-20210.6199

 20-Jul-20210.6092
 13-Jul-20210.6079
 06-Jul-20210.6291
 29-Jun-20210.6135
 22-Jun-20210.6299
 15-Jun-20210.6127
 08-Jun-20210.6147
 01-Jun-20210.6199
 25-May-20210.6299
 18-May-20210.6220
 11-May-20210.6174
 04-May-20210.6128
 27-Apr-20210.6039
 20-Apr-20210.3849
 15-Apr-20210.7506
 06-Apr-20210.5867
 30-Mar-20210.6130
 23-Mar-20210.6086
 16-Mar-20210.6301
 09-Mar-20210.6061
 02-Mar-20210.5854
 23-Feb-20210.5386
 16-Feb-20210.5975
 09-Feb-20210.5979
IDCW Monthly25-Jun-20212.7621

 25-May-20212.5866

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

Upcoming Video

Investors' Hangout

Retirement tips to beat inflation & improve returns

DateFriday, 06-Aug-2021
Time12:30 PM - 01:00 PM