March 28, 2024
mayank
HSBC Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,251.9126
Weekly NAV IDCW: Rs 1,000.1800
Monthly NAV IDCW: Rs 1,000.3558
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.
Fund Manager:
1) Kapil Punjabi
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.
2) Mahesh A Chhabria
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 22-May-19 |
| Return Since Launch | 4.72% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 2,212 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.06% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of HSBC Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Overnight Dir | 1.58 | 0.02 | 0.52 | 1.66 | 3.37 | 6.81 | 5.16 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.08 | 0.04 | 0.36 | 1.15 | 2.30 | 4.72 | 3.20 | — | — | — |
| Debt: Overnight | 1.58 | 0.02 | 0.52 | 1.65 | 3.37 | 6.79 | 5.14 | — | — | — |
| Rank within category | 8 | 35 | 15 | 8 | 12 | 9 | 9 | — | — | — |
| Number of funds in category | 35 | 35 | 35 | 35 | 34 | 32 | 27 | 13 | 2 | 2 |
Peer Comparison of HSBC Overnight Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| HSBC Overnight Dir | 4 star | 6.81 | 5.16 | — | 0.06 | 2,212 | 4.72 | — | 4Y 10M |
| Axis Overnight Dir | 5 star | 6.83 | 5.18 | 4.77 | 0.05 | 10,499 | 4.79 | — | 5Y |
| Kotak Overnight Dir | 4 star | 6.81 | 5.15 | 4.74 | 0.08 | 7,189 | 4.80 | — | 5Y 2M |
| ABSL Overnight Dir | 4 star | 6.81 | 5.16 | 4.76 | 0.08 | 6,474 | 4.88 | — | 5Y 4M |
| Nippon India Overnight Dir | 4 star | 6.82 | 5.17 | 4.77 | 0.08 | 5,745 | 4.86 | — | 5Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 1 | 3 |
| Macaulay Duration (yrs) | 0.00 | — |
| Average Maturity (yrs) | 0.00 | — |
| Yield to Maturity (%) | 6.62 | 6.68 |
| Avg Credit Rating | — |
How to Invest in HSBC Overnight Fund?
Chanakya’s Mutual Fund Guidance For HSBC Overnight Fund
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