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2 star

HSBC Flexi Debt Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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(₹)
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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 1.77 -0.05 -0.01 0.55 0.56 1.72 2.29 7.30 4.93 6.49 7.40
VR Bond 2.68 0.03 -0.02 0.59 1.27 2.12 2.98 6.35 5.55 6.67 7.35
Debt: Dynamic Bond 3.56 -0.02 0.04 0.50 1.09 2.69 4.15 7.42 5.56 7.20 8.24
Rank within category 22 25 22 11 19 19 22 15 16 17 16
Number of funds in category 26 28 28 28 28 27 26 24 22 21 16

As on 03-Dec-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
2 star
Oct-07 2.29 7.30 4.93 1.73% 55
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
May-09 4.75 9.18 7.13 1.40% 6,544
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 2.48 9.05 6.59 1.60% 4,064
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 3.90 9.23 7.41 1.25% 2,946
SBI Dynamic Bond Fund
4 star
Feb-04 2.04 8.62 6.42 1.65% 2,791

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.15 3.15 1.06 1.55 1.42 -0.05
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Dynamic Bond 7.19 3.58 1.12 1.76 1.07 0.84
Rank within category 14 14 17 16 20 19
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 7 4 23
Modified Duration (yrs) 4.74 5.95 3.11 --
Average Maturity (yrs) 6.73 8.56 4.39 --
Yield to Maturity (%) 5.78 6.03 5.24 --
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 26.66 26.63
equal 6.79% GOI 15/05/2027 GOI Securities SOV 14.99 - 18.71 18.71
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 17.88 17.88
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 9.69 9.69
equal 6.89% Indian Railway Finance Corporation 19/07/2031 Debenture AAA 0.00 - 9.02 9.02

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-Oct-2021

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: Prior to joining HSBC Mutual Fund, he has worked with PGIM India 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:


-0.05%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 28.9122

IDCW Quarterly: ₹ 14.5321

More

IDCW Monthly: ₹ 10.5982

IDCW Half Yearly: ₹ 11.6756

IDCW Fortnightly: ₹ 10.5898


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 (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: HSBC Mutual Fund
Launch Date: 05-Oct-2007
Return Since Launch: 7.78%
Benchmark: CRISIL Composite Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 55 Cr (As on 31-Oct-2021)
Expense: 1.73% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Fortnightly29-Nov-20210.0265

 15-Nov-20210.0256
 28-Sep-20210.0103
 14-Sep-20210.0414
 30-Aug-20210.0364
 14-Jun-20210.0353
 28-May-20210.0226
 14-May-20210.0111
 28-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
IDCW Monthly25-Nov-20210.0359

 27-Sep-20210.0732
 25-Aug-20210.0332
 25-May-20210.0503
 28-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
IDCW Half Yearly27-Sep-20210.3500

 25-Mar-20210.3500
 25-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
IDCW 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: 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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