March 28, 2024
mayank
HSBC Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,248.7521
Weekly NAV IDCW: Rs 1,007.4210
Monthly NAV IDCW: Rs 1,011.5652
Suitable For Which Investors?
“Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.
They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.
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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments.
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) 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 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | HSBC Mutual Fund |
| Launch Date | 29-Jan-20 |
| Return Since Launch | 5.46% |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,145 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.22% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of HSBC Ultra Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HSBC Ultra Short Duration Dir | 1.81 | 0.02 | 0.60 | 1.88 | 3.62 | 7.49 | 5.53 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.08 | 0.04 | 0.36 | 1.15 | 2.30 | 4.72 | 3.20 | — | — | — |
| Debt: Ultra Short Duration | 1.78 | 0.02 | 0.59 | 1.85 | 3.59 | 7.44 | 5.68 | — | — | — |
| Rank within category | 8 | 9 | 8 | 10 | 12 | 15 | 16 | — | — | — |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 23 | 18 | 11 | 11 |
Peer Comparison of HSBC Ultra Short Duration 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 Ultra Short Duration Dir | 3 star | 7.49 | 5.53 | — | 0.22 | 2,145 | 5.46 | — | 4Y 1M |
| ICICI Pru Ultra Short Term Dir | 5 star | 7.65 | 5.94 | 6.59 | 0.39 | 13,883 | 8.04 | — | 11Y 2M |
| Nippon India Ultra Short Duration Dir | 5 star | 7.78 | 7.43 | 5.70 | 0.38 | 5,478 | 7.14 | — | 11Y 2M |
| Axis Ultra Short Term Dir | 4 star | 7.69 | 5.85 | 6.22 | 0.32 | 4,453 | 6.50 | — | 5Y 6M |
| UTI Ultra Short Duration Dir | 4 star | 7.56 | 6.58 | 5.68 | 0.44 | 2,197 | 7.42 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 43 | 50 |
| Macaulay Duration (yrs) | 0.49 | 0.44 |
| Average Maturity (yrs) | 0.49 | 0.46 |
| Yield to Maturity (%) | 7.74 | 7.73 |
| Avg Credit Rating | AAA | — |
How to Invest in HSBC Ultra Short Duration Fund?
Chanakya’s Mutual Fund Guidance For HSBC Ultra Short Duration Fund
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