March 26, 2024
mayank
HSBC Banking and PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.0381
Weekly NAV IDCW: Rs 10.3542
Monthly NAV IDCW: Rs 11.2676
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two 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.
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 aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.
Fund Manager:
1) 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.
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) | 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 | 7.48% |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 4,595 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.23% |
| (As on 29-Feb-2024) | |
| Risk Grade | Above Average |
| Return Grade | Low |
Trailing Returns (%) of HSBC Banking and PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Banking & PSU Debt Dir | 1.68 | 0.01 | 0.56 | 1.85 | 3.51 | 7.35 | 4.80 | 6.60 | 6.68 | 7.35 |
| CCIL T Bill Liquidity Weight | 1.05 | 0.01 | 0.39 | 1.13 | 2.29 | 4.70 | 3.23 | 3.28 | 3.53 | 4.01 |
| Debt: Banking and PSU | 1.89 | -0.03 | 0.57 | 2.05 | 3.64 | 7.62 | 5.65 | 6.93 | 7.02 | 7.68 |
| Rank within category | 21 | 5 | 16 | 21 | 18 | 19 | 20 | 12 | 12 | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 15 | 10 |
Peer Comparison of HSBC Banking and PSU Debt 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 Banking & PSU Debt Dir | 1 star | 7.35 | 4.80 | 6.60 | 0.23 | 4,595 | 7.48 | — | 11Y 2M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.33 | 5.49 | 7.18 | 0.33 | 14,375 | 7.76 | — | 11Y |
| ABSL Banking & PSU Debt Dir | 4 star | 7.67 | 5.88 | 7.25 | 0.38 | 9,737 | 8.45 | — | 11Y 2M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.10 | 6.36 | 7.42 | 0.39 | 8,699 | 8.18 | — | 11Y 2M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.84 | 5.83 | 7.23 | 0.39 | 6,068 | 7.97 | — | 10Y |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 42 | 52 |
| Macaulay Duration (yrs) | 1.95 | 3.17 |
| Average Maturity (yrs) | 2.09 | 4.87 |
| Yield to Maturity (%) | 7.57 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Banking and PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For HSBC Banking and PSU Debt Fund
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