This short-duration debt fund is trying to make a comeback

The fund displayed modest improvement in 2023, driven by a good recovery in the last quarter. Despite the progress, the fund marginally trailed behind its peers with a 7.11 per cent annualised return versus the 7.31 per cent generated by the category median. As a result, it fell among the bottom performers. 2024 has started in a similar vein for HSBC Short Duration Fund. Having said that, over long periods, the fund has been able to provide decent and steady returns. Broadly speaking, across any one-year period since 2013, this fund would have given you a median return of a