HSBC Overnight Fund Direct Growth+0.01%

3.83%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

HSBC Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹500
Expense Ratio0.11%
NAV1061.77 (21 Oct 2020)
Fund Started21 May 2019
Fund Size540 Cr

Returns

1Y
3Y*
5Y*
Since inception*
HSBC Overnight Fund Direct Growth
3.8%
NA
NA
4.3%
Category Average
3.7%
5.0%
5.5%
-
Rank within category
9
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.8% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.11%
    2. Exit load is zero
    Cons
    1. Age is less than 3 years
    2. Risk-adjusted returns are lower compared to the category

    Fund Managers

    addKapil Punjabi
    Education
    Mr. Kapil Punjabi is MMS from Mumbai University.
    Experience
    Prior to joining HSBC Asset Management (India) Pvt. Ltd., he has worked with Taurus Asset Management Co. Ltd., Edelweiss Asset Management Ltd., Edelweiss Securities Ltd. and Trans Market Group Research (India) Pvt. Ltd.
    Funds Managed

    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 ₹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.

    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

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    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,
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