March 26, 2024
mayank
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 11.1992
NAV IDCW: Rs 11.1991
Suitable For Which Investors?
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors’ money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to ‘lock-in’ a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that 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 returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028 before expenses, subject to tracking errors.
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) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 31-Mar-22 |
| Return Since Launch | 5.89% |
| Benchmark | CRISIL IBX 50:50 Gilt Plus SDL – April 2028 |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,889 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.23% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC CRISIL IBX 50:50 Gilt+SDL Apr 2028 Dir | 1.68 | -0.06 | 0.51 | 1.80 | 3.75 | 7.78 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 1.05 | 0.01 | 0.39 | 1.13 | 2.29 | 4.70 | — | — | — | — |
| Debt: Target Maturity | 1.93 | -0.04 | 0.54 | 2.06 | 3.81 | 7.99 | — | — | — | — |
| Rank within category | 66 | 72 | 54 | 74 | 46 | 39 | — | — | — | — |
| Number of funds in category | 90 | 90 | 90 | 89 | 88 | 83 | 4 | 0 | 0 | 0 |
Peer Comparison of HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index 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 CRISIL IBX 50:50 Gilt+SDL Apr 2028 Dir | Unrated | 7.78 | — | — | 0.23 | 1,889 | 5.89 | — | 1Y 11M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 7.49 | — | — | 0.20 | 10,309 | 4.74 | — | 2Y 6M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 7.46 | — | — | 0.22 | 10,165 | 5.14 | 0.15 (30) | 2Y 2M |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 7.40 | 5.71 | — | 0.20 | 10,063 | 5.78 | 0.10 (30) | 3Y |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 7.75 | — | — | 0.20 | 8,775 | 4.71 | — | 2Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 30 | 22 |
| Macaulay Duration (yrs) | 3.37 | 3.60 |
| Average Maturity (yrs) | 3.87 | 4.44 |
| Yield to Maturity (%) | 7.35 | 7.39 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund?
Chanakya’s Mutual Fund Guidance For HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund
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