March 28, 2024
mayank
HSBC Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.1861
Yearly NAV IDCW: Rs 12.0871
Quarterly NAV IDCW: Rs 11.2540
NAV IDCW: Rs 11.7220
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide a reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years.
Fund Manager:
1) Asif Rizwi
Education: Mr. Rizwi has done B.Tech and PGDM from IIM-C
Experience: Prior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank
2) Jalpan Shah
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining HSBC Mutual Fund, he was associated with L&T Mutual Fund, FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.62% |
| Benchmark | NIFTY SD Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 3,554 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.27% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Short Duration Dir | 1.75 | 0.05 | 0.53 | 1.85 | 3.62 | 7.32 | 5.18 | 6.52 | 6.73 | 7.51 |
| CCIL T Bill Liquidity Weight | 1.08 | 0.04 | 0.36 | 1.15 | 2.30 | 4.72 | 3.20 | 3.28 | 3.52 | 4.01 |
| Debt: Short Duration | 1.88 | 0.05 | 0.56 | 1.99 | 3.73 | 7.60 | 6.15 | 6.64 | 6.76 | 7.66 |
| Rank within category | 22 | 11 | 18 | 23 | 20 | 18 | 20 | 15 | 13 | 12 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 18 |
Peer Comparison of HSBC Short Duration 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 Short Duration Dir | 2 star | 7.32 | 5.18 | 6.52 | 0.27 | 3,554 | 7.62 | — | 11Y 2M |
| ICICI Pru Short Term Dir | 4 star | 8.44 | 6.60 | 7.89 | 0.45 | 18,987 | 8.53 | — | 11Y 2M |
| HDFC Short Term Debt Dir | 4 star | 8.02 | 5.95 | 7.35 | 0.37 | 14,612 | 8.03 | — | 11Y 2M |
| Axis Short Term Dir | 4 star | 7.87 | 5.96 | 7.34 | 0.35 | 8,278 | 8.14 | — | 11Y 2M |
| ABSL Short Term Dir | 4 star | 8.00 | 6.31 | 7.60 | 0.39 | 7,275 | 8.62 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 28 | 47 |
| Macaulay Duration (yrs) | 2.81 | 2.74 |
| Average Maturity (yrs) | 3.17 | 3.48 |
| Yield to Maturity (%) | 7.53 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Short Duration Fund?
Chanakya’s Mutual Fund Guidance For HSBC Short Duration Fund
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