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HSBC Flexi Debt Fund

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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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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 -0.27 0.02 0.09 0.03 0.70 1.61 8.15 7.83 7.30 7.81 8.01
VR Bond 0.09 -0.03 0.06 0.30 1.29 1.73 7.27 7.27 7.17 7.64 7.57
Debt: Dynamic Bond -0.16 -0.02 0.02 0.01 1.03 2.16 9.01 7.63 7.86 8.36 8.58
Rank within category 20 11 7 16 16 20 19 13 15 15 12
Number of funds in category 27 27 27 27 27 27 26 23 22 21 15

As on 25-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HSBC Flexi Debt Fund  | Invest Online
3 star
 Oct-07 8.15 7.83 7.30 1.73 69
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
 May-09 11.09 9.23 9.97 1.59 5,290
IDFC Dynamic Bond Fund - Regular Plan
4 star
 Dec-08 11.86 10.03 9.19 1.67 3,100
SBI Dynamic Bond Fund
4 star
 Feb-04 9.43 9.27 9.24 1.64 2,659
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
 May-08 10.80 9.79 9.60 1.16 2,607

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 7.71 3.33 0.88 1.40 1.51 -0.59
VR Bond 7.10 2.02 1.15 1.94 -- --
Debt: Dynamic Bond 7.36 3.17 0.93 1.66 1.13 -0.04
Rank within category 13 17 15 18 23 17
Number of funds in category 25 25 25 25 25 25

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

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 9 4 22
Modified Duration (yrs) 4.64 5.75 2.85 4.28
Average Maturity (yrs) 6.74 8.21 3.55 5.52
Yield to Maturity (%) 5.28 6.55 4.96 5.52
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 8.15% GOI 24/11/2026 Central Government Loan SOV 0.00 - 24.96 16.50
equal 8.29% Andhra Pradesh State 13/01/2026 State Development Loan SOV 0.00 - 16.33 16.23
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 39.22 15.54
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 20.56 14.51
equal 7.40% Reliance Industries 25/04/2025 Non Convertible Debenture AAA 0.00 - 7.87 7.81
equal 6.85% IRFC 29/10/2040 Debenture AAA 0.00 - 7.32 7.32

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-Dec-2020

Fund Manager

— Ritesh Jain since 01-Sep-2020

Education: Ritesh holds a PGDBA from K.J. Somaiya Institute of Management Studies & Research, Mumbai and B.Com (Hons.) from University of Calcutta.

Experience: Mr. Jain has over 13 years of experience in Fixed Income fund Management. Prior to joining Pramerica AMC , he was the Head - Fixed Income with Morgan Stanley Investment Management Pvt. Ltd. ( March 2009 - June 2014 ). He has also been the Head - Fixed Income with Principal PNB AMC ( April 2001 - February 2009 ).

Interviews:

Funds Managed:

Invest Online
0.02%

Change from previous, NAV as on 25-Jan-2021

Growth: ₹ 28.3316

Dividend Quarterly: ₹ 14.2403

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Dividend Monthly: ₹ 10.5756

Dividend Half Yearly: ₹ 12.1386

Dividend Fortnightly: ₹ 10.5838

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: 8.13%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 69 Cr (As on 31-Dec-2020)
Expense: 1.73% (As on 31-Dec-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Fortnightly28-Dec-20200.0286

 14-Dec-20200.0135
 01-Dec-20200.0186
 17-Nov-20200.0142
 28-Oct-20200.0675
 14-Oct-20200.0376
 14-Jul-20200.0954
 29-Jun-20200.0758
 15-Jun-20200.0374
 28-May-20200.0808
 14-May-20200.1032
 28-Apr-20200.0402
 30-Mar-20200.0284
 28-Feb-20200.0046
 14-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
Dividend Monthly28-Dec-20200.0345

 25-Nov-20200.0311
 26-Oct-20200.1331
 27-Jul-20200.1020
 25-Jun-20200.0857
 26-May-20200.1880
 27-Apr-20200.0730
 25-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
Dividend Half Yearly25-Sep-20200.3500

 25-Mar-20200.2881
 25-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: 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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