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HSBC Flexi Debt Fund

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Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 2.39 -0.01 0.19 1.89 2.14 3.44 12.12 6.56 6.72 7.45 7.85
VR Bond 1.91 -0.10 0.15 1.45 2.35 3.16 9.24 7.04 7.17 7.55 7.43
Debt: Dynamic Bond 2.05 -0.03 0.17 1.70 2.19 3.56 9.25 6.33 7.02 7.90 8.23
Rank within category 14 10 15 12 18 20 12 13 16 15 11
Number of funds in category 29 29 29 29 29 29 29 24 23 22 15

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.71 (11-Dec-2008 - 18-Dec-2008) -5.68 (02-Jan-2009 - 09-Jan-2009)
Month 12.40 (01-Dec-2008 - 31-Dec-2008) -6.39 (05-Jan-2009 - 04-Feb-2009)
Quarter 18.13 (06-Oct-2008 - 05-Jan-2009) -6.88 (20-May-2013 - 19-Aug-2013)
Year 22.91 (04-Jan-2008 - 05-Jan-2009) -1.71 (12-Jun-2017 - 12-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.20 3.40 -0.14 -0.24 1.50 -1.01
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Dynamic Bond 5.19 3.21 0.04 0.15 1.10 -0.88
Rank within category 15 19 15 15 25 16
Number of funds in category 27 27 27 27 27 27

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 19 5 20
Modified Duration (yrs) 3.33 5.21 3.33 3.64
Average Maturity (yrs) 4.22 7.66 4.22 5.13
Yield to Maturity (%) 6.22 8.04 6.20 7.02

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 21.28 21.28
up 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 15.26 15.26
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 22.94 14.02
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 16.16 12.51
equal 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 5.02 5.02

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-Jan-2020

Fund Manager

— Kapil Punjabi since 16-Feb-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:

Invest Online
-0.01%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 26.6782

Dividend Quarterly: ₹ 13.4092

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Dividend Monthly: ₹ 10.5826

Dividend Half Yearly: ₹ 12.1739

Dividend Fortnightly: ₹ 10.6032

Investment Strategy

To deliver returns in the form of interest income and capital gains, along with high liquidity, commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and 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 (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 05-Oct-2007
Return Since Launch: 8.23%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 103 Cr (As on 31-Jan-2020)
Expense: 1.77% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-Feb-20200.1392

 27-Jan-20200.0351
 25-Nov-20190.0573
 25-Oct-20190.0054
 26-Aug-20190.1107
 25-Jul-20190.1387
 25-Jun-20190.1208
 27-May-20190.1469
 25-Mar-20190.1247
 25-Feb-20190.0115
 26-Dec-20180.1578
 26-Nov-20180.0871
 25-Oct-20180.0159
 25-Jul-20170.0453
 27-Jun-20170.0132
 25-Nov-20160.3217
 25-Oct-20160.0400
 26-Sep-20160.1166
 25-Aug-20160.1192
 25-Jul-20160.1652
 27-Jun-20160.0550
 25-May-20160.0404
 25-Apr-20160.0687
 28-Mar-20160.0982
 26-Oct-20150.1087
Dividend Fortnightly14-Feb-20200.1353

 28-Jan-20200.0202
 28-Nov-20190.0426
 14-Nov-20190.0226
 29-Oct-20190.0255
 14-Oct-20190.0019
 28-Aug-20190.0416
 15-Jul-20190.1882
 28-Jun-20190.0312
 14-Jun-20190.0819
 28-May-20190.1259
 14-May-20190.0130
 28-Mar-20190.0815
 14-Mar-20190.0562
 14-Feb-20190.0202
 14-Jan-20190.0186
 28-Dec-20180.0489
 14-Dec-20180.0645
 28-Nov-20180.0432
 14-Nov-20180.0504
 29-Oct-20180.0298
 14-Sep-20170.0072
 14-Aug-20170.0045
 28-Jul-20170.0339
 14-Jul-20170.0099
Dividend Half Yearly25-Sep-20190.3241

 25-Mar-20190.2881
 26-Mar-20180.2889
 25-Sep-20170.3611
 27-Mar-20170.3611
 26-Sep-20160.3611
 28-Mar-20160.3611
 28-Sep-20150.3611
 25-Mar-20150.3702
 15-Mar-20130.3524
 18-Mar-20110.0527
Dividend Quarterly25-Sep-20170.1806

 27-Jun-20170.1445
 27-Mar-20170.1806
 26-Dec-20160.1806
 26-Sep-20160.1806
 27-Jun-20160.1806
 28-Mar-20160.1806
 28-Dec-20150.1806
 28-Sep-20150.1806
 25-Jun-20150.1806
 25-Mar-20150.1815
 26-Dec-20140.1633
 25-Sep-20140.1753
 25-Jun-20140.1753
 14-Mar-20140.1559
 13-Dec-20130.1559
 13-Sep-20130.1948
 14-Jun-20130.1948
 15-Mar-20130.1982
 14-Dec-20120.1982
 14-Sep-20120.1762
 15-Jun-20120.1762
 16-Mar-20120.1762
 16-Dec-20110.1321
 16-Sep-20110.1321

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: 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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