March 28, 2024
mayank
HSBC Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.1410
Weekly NAV IDCW: Rs 13.1797
Monthly NAV IDCW: Rs 12.1897
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seek to generate regular income through investment in a portfolio comprising substantially of money market instruments.
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) 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 | 7.43% |
| Benchmark | NIFTY Money Market Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,203 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.25% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Money Market Dir | 1.83 | 0.00 | 0.61 | 1.90 | 3.62 | 7.55 | 5.43 | 5.91 | 6.50 | 7.25 |
| CCIL T Bill Liquidity Weight | 1.08 | 0.04 | 0.36 | 1.15 | 2.30 | 4.72 | 3.20 | 3.28 | 3.52 | 4.01 |
| Debt: Money Market | 1.81 | 0.01 | 0.60 | 1.88 | 3.63 | 7.56 | 5.63 | 6.00 | 6.37 | 7.01 |
| Rank within category | 10 | 17 | 10 | 12 | 15 | 14 | 15 | 10 | 6 | 2 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of HSBC Money Market 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 Money Market Dir | 2 star | 7.55 | 5.43 | 5.91 | 0.25 | 1,203 | 7.43 | — | 11Y 2M |
| ABSL Money Manager Dir | 5 star | 7.81 | 5.82 | 6.25 | 0.21 | 19,231 | 7.39 | — | 11Y 2M |
| HDFC Money Market Dir | 4 star | 7.72 | 5.77 | 6.23 | 0.23 | 17,645 | 7.29 | — | 11Y 2M |
| Tata Money Market Dir | 5 star | 7.88 | 5.93 | 6.25 | 0.16 | 16,515 | 6.62 | — | 11Y 2M |
| ICICI Pru Money Market Dir | 4 star | 7.73 | 5.70 | 6.06 | 0.21 | 15,531 | 7.24 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 23 | 51 |
| Macaulay Duration (yrs) | 0.68 | 0.56 |
| Average Maturity (yrs) | 0.68 | 0.56 |
| Yield to Maturity (%) | 7.68 | 7.63 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Money Market Fund?
Chanakya’s Mutual Fund Guidance For HSBC Money Market Fund
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