|Min SIP Amount||₹500|
|NAV||₹1061.77 (21 Oct 2020)|
|Fund Started||21 May 2019|
|Fund Size||₹540 Cr|
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 ₹540 Cr and the Latest NAV as of 21 Oct 2020 is ₹1061.77.
The HSBC Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.