May 21, 2025
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HSBC CRISIL IBX Gilt June 2027 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.9027
NAV IDCW: Rs 11.9029
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 Gilt Index – June 2027 before expenses, subject to tracking errors.
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) 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) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of HSBC CRISIL IBX Gilt June 2027 Index Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 23-Mar-23 |
| Return Since Launch | 8.39% |
| Benchmark | CRISIL IBX Gilt Index – June 2027 |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 199 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.16% |
| (As on 30-Apr-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%) of HSBC CRISIL IBX Gilt June 2027 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC CRISIL IBX Gilt June 2027 Index Dir | 4.21 | 0.03 | 0.94 | 3.06 | 4.96 | 9.40 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 2.14 | 0.01 | 0.38 | 1.40 | 2.57 | 5.08 | — | — | — | — |
| Debt: Target Maturity | 4.58 | 0.07 | 1.06 | 3.39 | 5.40 | 10.15 | — | — | — | — |
| Rank within category | 58 | 69 | 75 | 58 | 57 | 59 | — | — | — | — |
| Number of funds in category | 99 | 103 | 103 | 102 | 96 | 88 | 23 | 1 | 0 | 0 |
Peer Comparison of HSBC CRISIL IBX Gilt June 2027 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 Gilt June 2027 Index Dir | Unrated | 9.40 | — | — | 0.16 | 199 | 8.39 | — | 2Y 1M |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 8.59 | 7.58 | — | 0.20 | 9,344 | 5.91 | — | 3Y 7M |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 8.53 | 7.51 | — | 0.21 | 9,177 | 6.27 | 0.15 (30) | 3Y 3M |
| ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 9.64 | 7.94 | — | 0.19 | 8,883 | 6.16 | — | 3Y 7M |
| Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Dir | Unrated | 9.33 | 7.97 | — | 0.20 | 7,768 | 6.46 | 0.15 (30) | 3Y 3M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 20 |
| Macaulay Duration (yrs) | 1.91 | 2.74 |
| Average Maturity (yrs) | 2.07 | 3.26 |
| Yield to Maturity (%) | 6.11 | 6.48 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For HSBC CRISIL IBX Gilt June 2027 Index Fund
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