Home>Mutual Funds>HSBC Mutual Fund>HSBC Overnight Fund Direct Growth
shareSHARE

HSBC Overnight Fund Direct Growth+0.01%

3.15%
1 Year Return
Debt
Overnight
4.0star
6M
1Y
All

Fund Details

HSBC Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹500
Expense Ratio0.11%
NAV₹1083.80 (20 Jun 2021)
Fund Started21 May 2019
Fund Size455 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.1%
-
-
4.0%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
3
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Would have become
0
with 3.1% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.11%
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
Cons
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

Kapil Punjabi
keyboard_arrow_down

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

Compare Funds

HSBC Overnight Fund Direct Growth
VS
search

About HSBC Mutual Fund

Address
16, V N Road, Fort, Mumbai 400 001
Phone
022- 66145000
Launch Date
27 May 2002
Website
NA
HSBC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Loading...
ⓒ 2016-2021 Groww. All rights reserved, Built with in India