HSBC Corporate Bond Fund Direct Growth

HSBC Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Shriram Ramanathan. This fund is suitable to keep your money safe.

1. HSBC Corporate Bond Fund Direct Growth has ₹5895 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.3.
   

HSBC Corporate Bond Fund Direct Growth has given a CAGR return of 7.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.93%, 8.33% and 6.32% respectively.

HSBC Corporate Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Consumer Cyclical, Cash Equivalent. Its top holdings are Indian Oil Corporation Limited, Power Grid Corporation Of India Limited, 7.04% Govt Stock 2029, Ntpc Limited, National Highways Authority Of India

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate regular return by investing predominantly in AA+ and above rated debt and money market instruments. There is no assurance that the investment objective of the scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Corporate Bond Fund Direct Growth has no lock in period.