Fund Details
HSBC Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.11% |
| NAV | ₹1083.80 (20 Jun 2021) |
|---|---|
| Fund Started | 21 May 2019 |
| Fund Size | ₹455 Cr |
Returns
Comparison
1. Lower expense ratio - 0.11%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
1. Age is less than 3 years
2. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Fund Managers
HSBC Overnight Fund Direct Growth Details
HSBC Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by HSBC Mutual Fund. This scheme was made available to investors on 21 May 2019. Kapil Punjabi is the Current Fund Manager of HSBC Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹455 Cr and the Latest NAV as of 20 Jun 2021 is ₹1083.80.
The HSBC Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
