HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout

HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout is a debt fund. This fund was started on 13 September, 2019. The fund is managed by Shriram Ramanathan. This fund is suitable to keep your money safe.

1. HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout has ₹50 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.7.
   

HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout has given a CAGR return of 5.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.04%, 6.94% and 4.99% respectively.

HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout has allocated its funds majorly in Government, Financial Services, Energy, Corporate, Utilities, Cash Equivalent, Consumer Cyclical, Basic Materials. Its top holdings are 7.18% Govt Stock 2037, 7.3% Govt Stock 2053, 7.18% Govt Stock 2033, 7.21% Gujarat Sdl 05mar2035, Rec Limited

As it is a medium to long duration 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 provide reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 4 years to 7 years. However, there can be no guarantee that the investment objective of the scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Medium to Long Duration Fund - IDCW Direct Quarterly Payout has no lock in period.