HSBC Overnight Fund - Direct - Weekly IDCW Payout

Debt
Direct
Overnight
HSBC Overnight Fund - Direct - Weekly IDCW Payout

About the Fund

HSBC Overnight Fund - Direct - Weekly IDCW Payout is a debt fund. This fund was started on 21 November, 2019. The fund is managed by Kapil Punjabi. This fund is suitable to keep your money safe.

Key Parameters

  1. HSBC Overnight Fund - Direct - Weekly IDCW Payout has ₹2586 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

HSBC Overnight Fund - Direct - Weekly IDCW Payout has given a CAGR return of 4.74% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.74% and 5.43% respectively.

Holdings

HSBC Overnight Fund - Direct - Weekly IDCW Payout has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are

Taxation

As it is a overnight 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 Overnight Fund - Direct - Weekly IDCW Payout

The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. HSBC Overnight Fund - Direct - Weekly IDCW Payout has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.06%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹2586 Cr
Inception Date21 November, 2019
Min Lumpsum/SIP₹5000/--
Exit Load0%
Lock InNo Lock-in
TurnOver
47.24%
Risk
Risk meter
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Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
94.9%
Government
5.1%
All changes are between Oct'69 and Dec'69

Kapil Punjabi
Kapil Punjabi
Fund Manager of HSBC Overnight Fund - Direct - Weekly IDCW Payout, since 21 November 2019

HSBC Overnight Fund - Direct - Weekly IDCW Payout Highlights

Risk meter
pointer

Low Risk

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

About the fund

This fund has delivered an average annual returns of 4.74% since inception which is more than its category average return of 3.89%
AUM size ₹2586 Cr

AUM size ₹2586 Cr

This fund has AUM of ₹2586 Cr which is more than its category average of ₹ 2556 Cr
Expense Ratio 0.06%

Expense Ratio 0.06%

This fund has an expense ratio of 0.06% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of HSBC Overnight Fund - Direct - Weekly IDCW Payout is ₹1001.06 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
HSBC Overnight Fund - Direct - Weekly IDCW Payout
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
3.18%
3.18%
1 Year Returns
6.74%
6.74%
3 Years Returns
17.19%
5.43%
5 Years Returns
0%
0%
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.
0.06% as on June 2024
₹2586 Cr as on June 2024
Yield to Maturity is 6.67 as on June 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 0.01 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kapil Punjabi is the fund manager of HSBC Overnight Fund - Direct - Weekly IDCW Payout
The Exit load of HSBC Overnight Fund - Direct - Weekly IDCW Payout is 0%