May 22, 2025
mayank
HSBC Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,347.0854
Weekly NAV IDCW: Rs 1,000.1687
Monthly NAV IDCW: Rs 1,004.0886
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.
Fund Manager:
1) Abhishek Iyer
Education: Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
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) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of HSBC Overnight Fund
| Fund House | HSBC Mutual Fund |
| Launch Date | 22-May-19 |
| Return Since Launch | 5.07% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 2,710 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.06% |
| (As on 30-Apr-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%) of HSBC Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Overnight Dir | 2.41 | 0.02 | 0.47 | 1.48 | 3.15 | 6.54 | 6.40 | 5.12 | — | — |
| CCIL T Bill Liquidity Weight | 2.21 | 0.07 | 0.48 | 1.46 | 2.67 | 5.17 | 4.45 | 3.48 | — | — |
| Debt: Overnight | 2.40 | 0.02 | 0.47 | 1.47 | 3.13 | 6.50 | 6.38 | 5.10 | — | — |
| Rank within category | 16 | 23 | 20 | 16 | 12 | 13 | 10 | 9 | — | — |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of HSBC Overnight 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 Overnight Dir | 4 star | 6.54 | 6.40 | 5.12 | 0.06 | 2,710 | 5.07 | — | 6Y |
| Axis Overnight Dir | 5 star | 6.58 | 6.43 | 5.14 | 0.05 | 9,113 | 5.12 | — | 6Y 2M |
| ABSL Overnight Dir | 4 star | 6.54 | 6.40 | 5.12 | 0.08 | 7,698 | 5.18 | — | 6Y 6M |
| Nippon India Overnight Dir | 4 star | 6.57 | 6.42 | 5.13 | 0.08 | 7,323 | 5.17 | — | 6Y 5M |
| Kotak Overnight Dir | 4 star | 6.54 | 6.40 | 5.11 | 0.08 | 6,609 | 5.12 | — | 6Y 4M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 6.05 | 6.07 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For HSBC Overnight Fund
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