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Unrated

HSBC Ultra Short Duration Fund - Regular Plan


Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 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 -- 0.01 0.07 0.29 1.00 3.10 -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.00 0.03 0.12 0.49 1.42 -- -- -- -- --
Debt: Ultra Short Duration -- 0.01 0.06 0.31 0.98 2.83 -- -- -- -- --
Rank within category -- 8 8 14 12 10 -- -- -- -- --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

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 Ultra Short Duration Fund - Regular Plan  | Invest Online
Unrated
Jan-20 -- -- -- 0.48 640
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.51 7.70 8.03 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.62 7.43 7.37 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.83 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.52 7.13 7.35 0.77 11,176

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.17 (24-Mar-2020 - 31-Mar-2020) -0.84 (17-Mar-2020 - 24-Mar-2020)
Month 1.82 (24-Mar-2020 - 23-Apr-2020) -0.58 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.09 (24-Mar-2020 - 24-Jun-2020) 0.97 (26-Jun-2020 - 25-Sep-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Ultra Short Duration* 5.95 1.70 1.60 3.38 0.92 1.89
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 18 6 37
Modified Duration (yrs) 0.35 0.52 0.02 0.34
Average Maturity (yrs) 0.35 0.52 0.02 0.42
Yield to Maturity (%) 3.61 6.12 3.61 4.50
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 - 11.04 9.32
new National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 7.70 7.70
new Reserve Bank of India 364-D 04/02/2021 Treasury Bills SOV 0.00 - 7.70 7.70
equal Tata Capital Housing Finance 364-D 11/02/2021 Commercial Paper A1+ 0.00 - 9.92 7.68
equal Tata Capital Financial Services 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 9.90 7.68
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.00 - 6.44 5.58
equal 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 4.75 3.97
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 4.93 3.95
down 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 10.61 3.92
equal Reserve Bank of India 182-D 03/12/2020 Treasury Bills SOV 0.00 - 4.59 3.88
equal Export-Import Bank 188-D 04/01/2021 Certificate of Deposit A1+ 0.00 - 4.43 3.86
equal HDFC 360-D 05/02/2021 Commercial Paper A1+ 0.00 - 4.93 3.85
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 12.01 3.85
new Reliance Industries 325-D 15/03/2021 Commercial Paper A1+ 0.00 - 3.83 3.83
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 9.82 3.83
new Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 3.77 3.77
new Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 1.55 1.55
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.96 1.53

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 14-Jan-2020

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: ₹ 1,038.9069

Dividend Weekly: ₹ 1,018.9928

More

Dividend Monthly: ₹ 1,019.5415

Dividend Daily: ₹ 1,015.4752


Investment Strategy

The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments.

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: 30-Jan-2020
Return Since Launch: 3.89%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 640 Cr (As on 31-Aug-2020)
Expense: 0.48% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Sep-20200.5850

 25-Aug-20203.0334
 25-Jun-20200.6060
 26-May-20204.7171
 27-Apr-20206.1200
 25-Feb-20202.8316
Dividend Daily18-Sep-20200.0857

 17-Sep-20200.0571
 16-Sep-20200.0228
 15-Sep-20200.0772
 14-Sep-20200.2265
 11-Sep-20200.0545
 10-Sep-20200.0420
 09-Sep-20200.0469
 08-Sep-20200.0600
 07-Sep-20200.1610
 03-Sep-20200.0907
 02-Sep-20200.0486
 27-Aug-20200.0971
 26-Aug-20200.0287
 24-Aug-20200.0735
 18-Aug-20200.1080
 17-Aug-20200.2540
 14-Aug-20200.1908
 13-Aug-20200.0314
 12-Aug-20200.1551
 11-Aug-20200.0782
 10-Aug-20200.2406
 06-Aug-20200.1069
 05-Aug-20200.1427
 04-Aug-20200.0049
Dividend Weekly15-Sep-20200.5146

 08-Sep-20200.5452
 01-Sep-20200.8697
 25-Aug-20200.5119
 07-Jul-20200.7038
 30-Jun-20200.5117
 19-May-20201.0704
 12-May-20201.5088
 05-May-20201.3712
 21-Apr-20202.0760
 15-Apr-20200.1704
 07-Apr-20201.0660
 31-Mar-20201.6351
 11-Mar-20201.3195
 03-Mar-20200.4550
 25-Feb-20200.6323
 18-Feb-20200.7232
 11-Feb-20200.8356
 05-Feb-20200.5418

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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