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HSBC Ultra Short Duration Fund Direct - Growth
NAV as of(Aug 11, 2023)
₹ 1,194.73 0.0 % 1-D Change
Returns 
5.14% p.a.
You get upto 0.26%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 0.22% As on May 31, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 2,992 Crs |
| Lock-in | No Lockin |
| Age | 3 yrs 7 m Since Jan 14, 2020 |
| Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
| Min. Investment | SIP ₹1000 & Lumpsum ₹5000 |
About HSBC Ultra Short Duration Fund
HSBC Ultra Short Duration Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 3 yrs 7 m, having been launched on 14/01/2020. HSBC Ultra Short Duration Fund Direct - Growth has ₹2,992 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.22%, which is close to what most other Ultra Short Duration funds charge.
.....- HSBC Ultra Short Duration Fund Direct - Growth returns of last 1-year are 6.87%. Since launch, it has delivered 5.14% average annual returns.
- HSBC Ultra Short Duration Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
- The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
- The fund's top holdings are in Reserve Bank of India, Export-Import Bank Of India, Axis Bank Ltd., HDFC Bank Ltd., Small Industries Devp. Bank of India Ltd..
Investment Returns Calculator
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on May 31, 2023Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Market Cap
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Allocation by Sector
Bifurcation by Sector is not available for this fund
Top Debt Holdings
Reserve Bank of India 13.1%
Export-Import Bank Of India 6.57%
Axis Bank Ltd. 6.49%
HDFC Bank Ltd. 6.47%
Allocation by Credit Quality
A1+ 56.17%
AAA 22.09%
SOV 16.48%
Cash & Call Money 5.26%
Allocation by Instruments
Certificate of Deposit 34.12%
Commercial Paper 22.05%
Debenture 16.97%
Treasury Bills 13.1%
Other Holdings
Others 6.27%
Comparison with ultra short duration Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Nippon India Ultra Short Duration Fund | 7.21% | ||
| UTI Ultra Short Term Fund | 6.02% | ||
| ICICI Prudential Ultra Short Term Fund | 5.51% | ||
| Axis Ultra Short Term Fund | 5.25% | ||
| Aditya Birla Sun Life Savings Fund | 5.23% | ||
| HDFC Ultra Short Term Fund | 5.02% | ||
| HSBC Ultra Short Duration Fund | 4.88% |
Trailing Returns and Ranks
as on Jul 03, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.48% | 0.49% |
| 3 months | 1.73% | 1.7% |
| 6 months | 3.63% | 3.6% |
| 1 year | 6.8% | 6.69% |
| 3 years | 4.88% | 5.02% |
Riskometer
Level of Risk in the Scheme
Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.
HSBC Ultra Short Duration Fund
DEBT ULTRA SHORT DURATION
The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments.
- Std. Dev : 0.51
- Alpha : 2.34
- Beta : 1.24
- Sharpe : 0.83
- Sortino : 1.76
Mahesh A Chhabria
Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
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.
Jalpan Shah
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
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.
HSBC Mutual Fund
TOTAL AUM:
₹88,055 Crs
As on Jun 30, 2023
- Address: 9-11th Floor,
NESCO - IT Park Bldg. 3,
Western Express Highway, Goregaon East,
Mumbai, 400063
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of HSBC Ultra Short Duration Fund ?
The HSBC Ultra Short Duration Fund is a 3 yrs 7 m old fund and has delivered average annual returns of 5.14% since inception.
HSBC Ultra Short Duration Fund Returns
| 1-Year | 3-Year | Since Inception |
|---|---|---|
| 6.8% | 4.88% | 5.14% |
What is the current NAV of HSBC Ultra Short Duration Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of HSBC Ultra Short Duration Fund for Aug 11, 2023 is 1,194.73.
Should I invest in HSBC Ultra Short Duration Fund?
HSBC Ultra Short Duration Fund has an ET Money Rank of # 13 of 22 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
How do I invest in HSBC Ultra Short Duration Fund?
On ET Money, Investing in HSBC Ultra Short Duration Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in HSBC Ultra Short Duration Fund is done.
How much does HSBC Ultra Short Duration Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of HSBC Ultra Short Duration Fund is 0.22%. .
How can I redeem my investments in HSBC Ultra Short Duration Fund?
Redeeming your investments in HSBC Ultra Short Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in HSBC Ultra Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of HSBC Ultra Short Duration Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of HSBC Ultra Short Duration Fund is ₹2,992 Crs.
What is the quality of borrowers HSBC Ultra Short Duration Fund lends to?
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The HSBC Ultra Short Duration Fund allocation by credit quality is given below
| Credit Quality | Percentage of Portfolio |
| A1+ | 56.17% |
| AAA | 22.09% |
| SOV | 16.48% |
To whom does HSBC Ultra Short Duration Fund lend to?
The top 3 debt holdings of HSBC Ultra Short Duration Fund are as follows
| Holding Name | Percentage of Portfolio |
| Reserve Bank of India | 13.1% |
| Export-Import Bank Of India | 6.57% |
| Axis Bank Ltd. | 6.49% |