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HSBC Ultra Short Duration Fund - Regular Plan


Debt: Ultra Short Duration

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 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 -- 0.05 0.11 0.59 1.99 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.02 0.05 0.25 0.87 -- -- -- -- -- --
Debt: Ultra Short Duration -- 0.03 0.13 0.57 1.73 -- -- -- -- -- --
Rank within category -- 7 18 14 10 -- -- -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

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 Ultra Short Duration Fund - Regular Plan  | Invest Online
Unrated
Jan-20 -- -- -- 0.47 513
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 8.31 7.87 8.19 0.45 12,902
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.64 7.64 7.57 0.49 9,848
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.52 7.37 7.59 0.78 9,128
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.65 -- -- 0.64 6,643

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) 1.41 (30-Jan-2020 - 30-Apr-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Ultra Short Duration* 6.06 1.64 1.69 4.08 1.00 1.98
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 15 15 6 32
Modified Duration (yrs) 0.39 0.52 0.02 0.34
Average Maturity (yrs) 0.40 0.52 0.02 0.41
Yield to Maturity (%) 4.48 6.12 4.48 4.98

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.20% Power Finance Corp. 14/09/2020 Bonds/NCDs AAA 0.00 - 10.61 9.86
equal Tata Motors Finance 115-D 08/06/2020 Commercial Paper A1+ 0.00 - 10.40 9.74
new Reserve Bank of India 182-D 03/09/2020 Treasury Bills SOV 0.00 - 9.67 9.67
equal Punjab National Bank 2020 Certificate of Deposit A1+ 0.00 - 10.26 9.65
equal Tata Capital Financial Services 365-D 09/02/2021 Commercial Paper A1+ 0.00 - 9.90 9.40
equal Tata Capital Housing Finance 364-D 11/02/2021 Commercial Paper A1+ 0.00 - 9.92 9.40
equal 8.36% REC 22/09/2020 Debenture AAA 0.00 - 5.31 4.93
new 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 4.93 4.93
equal 6.87% REC 24/09/2020 Debenture AAA 0.00 - 5.27 4.91
new ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 4.83 4.83
new Reliance Jio Infocomm 179-D 21/08/2020 Commercial Paper A1+ 0.00 - 4.83 4.83
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 4.80 4.80
down Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 12.01 4.74
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 9.82 4.64
equal Indusind Bank 2021 Certificate of Deposit A1+ 0.00 - 1.96 1.86

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-May-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:


0.05%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 1,029.6279

Dividend Weekly: ₹ 1,013.0199

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Dividend Monthly: ₹ 1,014.0309

Dividend Daily: ₹ 1,009.1312


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: 2.96%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 513 Cr (As on 31-May-2020)
Expense: 0.47% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jul-20200.0919

 02-Jul-20200.1575
 01-Jul-20200.2747
 30-Jun-20200.0777
 29-Jun-20200.0786
 25-Jun-20200.1397
 24-Jun-20200.0680
 23-Jun-20200.2720
 22-Jun-20200.3007
 19-Jun-20200.1293
 18-Jun-20200.0822
 17-Jun-20200.1252
 16-Jun-20200.4320
 15-Jun-20200.5381
 12-Jun-20200.1438
 11-Jun-20200.3910
 10-Jun-20200.1294
 09-Jun-20200.0831
 08-Jun-20200.2961
 05-Jun-20200.0439
 04-Jun-20200.1006
 03-Jun-20200.0238
 02-Jun-20200.0227
 26-May-20200.5349
 22-May-20200.1450
Dividend Weekly30-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
Dividend Monthly25-Jun-20200.6060

 26-May-20204.7171
 27-Apr-20206.1200
 25-Feb-20202.8316

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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