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3 star

HSBC Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 3.46 0.01 0.08 0.36 0.84 1.89 3.73 -- -- -- --
CCIL T Bill Liquidity Weight 1.85 0.00 0.04 0.19 0.43 1.06 2.01 -- -- -- --
Debt: Ultra Short Duration 3.71 0.01 0.07 0.33 0.96 2.11 4.00 -- -- -- --
Rank within category 11 17 10 3 10 12 12 -- -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 02-Dec-2021

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 - Direct Plan  | Invest Online
3 star
Jan-20 3.73 -- -- 0.22% 1,812
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 6.76 6.92 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.90 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.64 6.22 6.62 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.56 6.06 6.54 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.18 24-Mar-2020 - 31-Mar-2020 -0.84 17-Mar-2020 - 24-Mar-2020
Month 1.84 24-Mar-2020 - 23-Apr-2020 -0.56 25-Feb-2020 - 26-Mar-2020
Quarter 3.16 24-Mar-2020 - 24-Jun-2020 0.74 13-Nov-2020 - 12-Feb-2021
Year 6.28 24-Mar-2020 - 25-Mar-2021 3.67 27-Oct-2020 - 27-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration* 5.68 1.35 2.25 5.69 1.05 2.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 38 16 41
Modified Duration (yrs) 0.32 0.80 0.30 --
Average Maturity (yrs) 0.32 0.85 0.30 --
Yield to Maturity (%) 3.95 3.95 3.19 --
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
up HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 9.52 9.52
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 8.83 7.56
down 9.95% Food Corporation of India 2022 Bonds AAA 0.00 - 8.59 7.04
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 8.90 6.98
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 6.45 6.45
down 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 5.87 5.59
new Export-Import Bank 181-D 30/03/2022 Certificate of Deposit A1+ 0.00 - 5.43 5.43
down 6.60% REC 21/03/2022 Debenture AAA 0.00 - 7.62 4.18
equal ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 4.12 4.12
new National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 4.10 4.10
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 5.93 4.10
equal L&T Finance 238-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.69 4.10
equal Kotak Mahindra Investments 184-D 03/03/2022 Commercial Paper A1+ 0.00 - 4.08 4.08
equal Kotak Mahindra Investments 351-D 28/01/2022 Commercial Paper A1+ 0.00 - 3.13 2.73
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 8.29 2.73
equal Tata Capital Financial Services 196-D 11/03/2022 Commercial Paper A1+ 0.00 - 2.72 2.72
equal SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 2.72 2.72
equal Tata Capital Housing Finance 347-D 28/06/2022 Commercial Paper A1+ 0.00 - 3.07 2.69
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.18 2.18
down 8.81% SIDBI 25/01/2022 Debenture AAA 0.00 - 3.82 1.40
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 1.72 1.39
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 1.37 1.37
new Reserve Bank of India 364-D 27/01/2022 Treasury Bills SOV 0.00 - 1.37 1.37
equal National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 1.65 1.37
equal LIC Housing Fin. 25/02/2022 Debenture AAA 0.00 - 0.39 0.33

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-Oct-2021

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 02-Dec-2021

Growth: ₹ 1,088.0094

IDCW Weekly: ₹ 1,008.6963

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IDCW Monthly: ₹ 1,008.9779

IDCW Daily: ₹ 1,062.5527


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
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 30-Jan-2020
Return Since Launch: 4.69%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,812 Cr (As on 31-Oct-2021)
Expense: 0.22% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly30-Nov-20210.7735

 23-Nov-20210.6780
 16-Nov-20210.8782
 09-Nov-20211.0902
 03-Nov-20210.4716
 26-Oct-20210.1637
 20-Oct-20210.5908
 12-Oct-20210.9676
 05-Oct-20210.6027
 28-Sep-20210.2742
 21-Sep-20210.6364
 14-Sep-20210.5703
 07-Sep-20210.8403
 31-Aug-20210.8258
 24-Aug-20210.9920
 17-Aug-20210.9858
 10-Aug-20210.7200
 03-Aug-20210.6254
 27-Jul-20210.8493
 20-Jul-20210.9180
 13-Jul-20210.9231
 06-Jul-20210.8293
 29-Jun-20210.7051
 22-Jun-20210.4837
 15-Jun-20210.7483
IDCW Monthly25-Nov-20213.2449

 25-Oct-20212.4255
 27-Sep-20212.9341
 25-Aug-20213.5823
 26-Jul-20213.8622
 25-Jun-20212.7509
 25-May-20212.8941
 26-Apr-20213.6679
 25-Mar-20213.4354
 25-Feb-20213.1973
 25-Jan-20212.0548
 28-Dec-20202.5615
 25-Nov-20203.4740
 26-Oct-20204.5491
 25-Sep-20203.0295
 25-Aug-20203.2161
 27-Jul-20204.4474
 25-Jun-20204.6040
 26-May-20205.0900
 27-Apr-20207.0009
 25-Feb-20202.9533
IDCW Daily16-Jul-20210.1097

 25-Jun-20210.0004
 17-Jul-20200.0509
 16-Jul-20200.1097
 15-Jul-20200.1120
 13-Jul-20200.3882
 10-Jul-20200.1505
 09-Jul-20200.1455
 08-Jul-20200.2090
 07-Jul-20200.1512
 06-Jul-20200.3749
 03-Jul-20200.3969
 02-Jul-20200.1733
 01-Jul-20200.2815
 30-Jun-20200.0845
 29-Jun-20200.0993
 26-Jun-20200.1541
 25-Jun-20200.1466
 24-Jun-20200.1271
 23-Jun-20200.2845
 22-Jun-20200.3213
 19-Jun-20200.1524
 18-Jun-20200.6397
 17-Jun-20200.1898
 16-Jun-20200.5023

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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