March 26, 2024
mayank
HSBC Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 69.8540
Yearly NAV IDCW: Rs 12.5717
Quarterly NAV IDCW: Rs 11.4839
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 seeks to generate regular return by investing predominantly in AA+ and above rated corporate bonds.
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) Shriram Ramanathan
Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience: Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T 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 | 0.5% for redemption Within 90 days |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.60% |
| Benchmark | Nifty Corporate Bond Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 6,175 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.30% |
| (As on 29-Feb-2024) | |
| Risk Grade | High |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Corporate Bond Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Corporate Bond Dir | 2.04 | -0.11 | 0.60 | 2.18 | 3.72 | 7.85 | 5.68 | 7.75 | 7.32 | 7.96 |
| VR Bond | 2.39 | -0.01 | 0.46 | 2.55 | 3.97 | 7.82 | 5.33 | 5.84 | 5.92 | 6.77 |
| Debt: Corporate Bond | 1.85 | -0.03 | 0.58 | 2.02 | 3.62 | 7.66 | 5.58 | 6.78 | 6.96 | 7.83 |
| Rank within category | 3 | 22 | 10 | 4 | 5 | 9 | 8 | 1 | 4 | 6 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 19 | 13 | 11 |
Peer Comparison of HSBC Corporate Bond 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 Corporate Bond Dir | 1 star | 7.85 | 5.68 | 7.75 | 0.30 | 6,175 | 7.60 | 0.50 (90) | 11Y 2M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.15 | 6.24 | 7.46 | 0.32 | 26,051 | 8.19 | — | 11Y 2M |
| ABSL Corporate Bond Dir | 4 star | 7.99 | 6.03 | 7.45 | 0.33 | 21,535 | 8.19 | — | 11Y 2M |
| Axis Corporate Debt Dir | 4 star | 8.10 | 6.11 | 6.95 | 0.30 | 5,242 | 7.41 | — | 6Y 8M |
| Nippon India Corporate Bond Dir | 5 star | 8.20 | 6.40 | 7.05 | 0.34 | 2,613 | 7.93 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 61 | 66 |
| Macaulay Duration (yrs) | 3.98 | 2.98 |
| Average Maturity (yrs) | 4.74 | 3.94 |
| Yield to Maturity (%) | 7.46 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Corporate Bond Fund?
Chanakya’s Mutual Fund Guidance For HSBC Corporate Bond Fund
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