HSBC Corporate Bond Fund Direct Growth

HSBC Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 11-12-2024

₹ 74.15

Inception Returns

7.7%

/yr

About 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, Kapil Punjabi. This fund is suitable to keep your money safe.

Key Parameters

  1. HSBC Corporate Bond Fund Direct Growth has ₹6535 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

HSBC Corporate Bond Fund Direct Growth has given a CAGR return of 7.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.97%, 5.80% and 7.16% respectively.

Holdings

HSBC Corporate Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Consumer Cyclical, Cash Equivalent. Its top holdings are 7.37% Govt Stock 2028, Ntpc Limited, National Highways Authority Of India, Indian Oil Corporation Limited, Power Grid Corporation Of India Limited

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of HSBC Corporate Bond Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
54 people have invested ₹ 11.6L in HSBC Corporate Bond Fund Direct Growth in the last three months

HSBC Corporate Bond Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹6535 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
4.74%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (11-Dec-24)

Period
HSBC Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.7%
0.5%
3M
2.1%
1.7%
6M
4.6%
4.1%
1Y
9%
8.1%
3Y
5.8%
5.9%
5Y
7.2%
6.3%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
53.6%
Corporate
45.1%
Cash Equivalent
1.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 6.6K Cr
₹ 6.6K Cr
₹ 6.2K Cr
  • AUM of the fund stands at 6.6K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 0.2% to 0.7%
Cash allocation has gone up from 0.2% to 0.7%
Debt allocation has gone down from 99.5% to 99%
Debt allocation has gone down from 99.5% to 99%

Top 3 Sectors in October were Financial Services, Government & Corporate

Oct'24
Financial Services
61%
Government
54%
Corporate
45%
Sep'24
Financial Services
61%
Government
55%
Corporate
44%
  • Debt & Cash

Holdings
Weight%
1M Change
7.37% Govt Stock 2028
7.37% Govt Stock 2028
8.5%
63.8%
Ntpc Limited
Ntpc Limited
5.32%
0%
National Highways Authority Of India
National Highways Authority Of India
4.8%
0%
Indian Oil Corporation Limited
Indian Oil Corporation Limited
4.75%
0%
Power Grid Corporation Of India Limited
Power Grid Corporation Of India Limited
4.37%
0%
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Shriram Ramanathan
Shriram Ramanathan
Fund Manager of HSBC Corporate Bond Fund Direct Growth, since 30 June 2014
Kapil Punjabi
Kapil Punjabi
Fund Manager of HSBC Corporate Bond Fund Direct Growth, since 1 May 2024
Fund House
HSBC Asset Management (India) Private Ltd
Total Schemes
Total AUM
₹1.31L Cr
as on 31-Oct-2024
Address
HSBC Asset Management (India) Private Ltd.,16, V N Road,,Fort
Phone
+912266145000
Website
hsbcmf@hsbc.co.in

Mutual Fund Insights

Insights icon
Over the last 1 year, this fund has increased expense ratio by 3.4% moving from 0.29 to 0.30.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.5%.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.35% return, outperforming this fund by 0.38%.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.52% return, outperforming this fund by 0.37% per annum.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 7% return, outperforming this fund by 1.2% per annum.

HSBC Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.67% since inception which is more than its category average return of 5.71%
AUM size ₹6535 Cr

AUM size ₹6535 Cr

This fund has AUM of ₹6535 Cr which is less than its category average of ₹ 6837 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for HSBC Corporate Bond Fund Direct Growth

The current NAV of HSBC Corporate Bond Fund Direct Growth is ₹74.15 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
HSBC Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.69%
0.69%
6 Month Returns
4.59%
4.59%
1 Year Returns
8.97%
8.97%
3 Years Returns
18.42%
5.8%
5 Years Returns
41.28%
7.16%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.3% as on November 2024
₹6535 Cr as on November 2024
7.37% Govt Stock 2028(8.5%), Ntpc Limited(5.32%), National Highways Authority Of India(4.8%), Indian Oil Corporation Limited(4.75%), Power Grid Corporation Of India Limited(4.37%) as on November 2024
Government(52.03%), Corporate(47.53%), Cash Equivalent(0.44%) as on November 2024
Yield to Maturity is 7.27 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.32 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Shriram Ramanathan, Kapil Punjabi are the fund managers of HSBC Corporate Bond Fund Direct Growth
The Exit load of HSBC Corporate Bond Fund Direct Growth is 0%