March 26, 2024
mayank
HSBC Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 68.0972
Quarterly NAV IDCW: Rs 12.6405
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate returns from a portfolio from investments in Government Securities.
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 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.72% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 209 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.48% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Gilt Dir | 2.55 | -0.19 | 0.35 | 2.79 | 4.56 | 8.01 | 5.46 | 7.14 | 6.70 | 8.69 |
| CCIL All Sovereign Bond – TRI | 3.52 | -0.05 | 0.42 | 3.76 | 4.96 | 9.60 | 6.08 | 7.89 | 7.55 | 8.83 |
| Debt: Gilt | 2.54 | -0.17 | 0.34 | 2.75 | 4.38 | 8.66 | 5.86 | 7.56 | 7.13 | 8.76 |
| Rank within category | 12 | 13 | 9 | 12 | 8 | 20 | 16 | 15 | 14 | 11 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 20 |
Peer Comparison of HSBC Gilt 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 Gilt Dir | 2 star | 8.01 | 5.46 | 7.14 | 0.48 | 209 | 8.72 | — | 11Y 2M |
| SBI Magnum Gilt Dir | 5 star | 9.20 | 6.41 | 8.55 | 0.46 | 7,951 | 9.28 | — | 11Y 2M |
| ICICI Pru Gilt Dir | 5 star | 9.20 | 6.69 | 8.34 | 0.56 | 4,879 | 8.64 | — | 11Y 2M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 8.89 | 6.28 | 8.07 | 0.40 | 3,137 | 8.30 | — | 11Y 2M |
| Kotak Gilt Investment Dir | 4 star | 8.89 | 6.28 | 8.08 | 0.46 | 3,137 | 8.35 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 11 |
| Macaulay Duration (yrs) | 7.76 | 7.10 |
| Average Maturity (yrs) | 11.32 | 12.39 |
| Yield to Maturity (%) | 7.26 | 7.23 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in HSBC Gilt Fund?
Chanakya’s Mutual Fund Guidance For HSBC Gilt Fund
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