HSBC Banking and PSU Debt Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The HSBC Banking and PSU Debt Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 7.57% since inception. HSBC Banking and PSU Debt Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 8.41% 7.76% 5.67% 7.24% 7.57%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹26.1266+0.06% 1 day change	7.57% p.a.	App exclusive #NA View Ranked Funds	₹4,426 Cr

Historical NAV & returns

NAV: ₹26.1266 as on Oct 20, 2025

This fund Category average

HSBC Banking and PSU Debt Fund overview

Expense ratio	0.23% as on Sep 30, 2025
Exit load	0%
AUM (Fund size)	₹4,426 Cr
Lock-in Period	Nil
Age	12 yrs 9 m since Jan 01, 2013
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹10000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Banking and PSU Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 25, 2025

Period	This fund	Category average
1 Month	0.75%	0.79%
3 Months	1.36%	1.31%
6 Months	3.42%	3.13%
1 Year	8.41%	8.19%
2 Years	8.16%	8.34%
3 Years	7.76%	7.89%
4 Years	6.02%	6.65%
5 Years	5.67%	6.18%
7 Years	7.03%	7.53%
10 Years	7.24%	7.46%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 81.16%

SOV 12.39%

A1+ 5.42%

Cash & Call Money 0.73%

Top Debt Holdings

GOI 12.39%

Bajaj Finance Ltd. 5.61%

National Housing Bank 4.19%

LIC Housing Finance Ltd. 3.79%

Allocation by Instruments

Bonds 32.85%

Debenture 27.779999999999998%

Non Convertible Debenture 13.89%

GOI Securities 12.39%

Other Holdings

Others 0.3%

Detailed portfolio analysis

Key risk & return ratios Compared to other funds in the category

Alpha	5.67 vs. 4.32 Higher outperformance against benchmark
Sharpe	0.97 vs. 4.78 Poor risk-adjusted returns
Beta	2.57 vs. 2.06 More sensitive to market's ups & downs
Standard deviation	1.08 vs. 1.06 More volatile performance

Compare HSBC Banking and PSU Debt Fund in detail with

About this fund

About HSBC Banking and PSU Debt Fund

HSBC Banking and PSU Debt Fund Direct-Growth is a Banking and PSU mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 12 yrs 9 m, having been launched on 01/01/2013. HSBC Banking and PSU Debt Fund Direct-Growth has ₹4,426 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Banking and PSU Debt Fund Direct-Growth as of 20/10/2025 is ₹26.13. The fund has an expense ratio of 0.23%, which is less than what most other Banking And Psu funds charge.

HSBC Banking and PSU Debt Fund Direct-Growth returns of last 1-year are 8.46%. Since launch, it has delivered 7.58% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HSBC Banking and PSU Debt 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 better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Bajaj Finance Ltd., National Housing Bank, LIC Housing Finance Ltd., REC Ltd..

...

Fund AUM	4,426 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

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.

Asif Rizwi

Mr. Rizwi has done B.Tech and PGDM from IIM-C Prior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank

Investment objective

The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.

HSBC Mutual Fund details

No. of schemes	44 view all schemes
Total AUM	1,36,405 Cr as on Sep 30, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

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HSBC Low Duration Fund	N.A.	1,017 Cr	9.34%	8.27%
HSBC Corporate Bond Fund	N.A.	6,170 Cr	8.65%	8.25%
HSBC Income Plus Arbitrage Active FoF	N.A.	629 Cr	6.16%	8.25%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,885 Cr	8.34%	8.25%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Banking and PSU Debt Fund Direct-Growth?

The current Net Asset Value (NAV) of the HSBC Banking and PSU Debt Fund - Direct Growth plan is approximately ₹26.1266 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HSBC Banking and PSU Debt Fund Direct-Growth is a 12 yrs 9 m old fund and has delivered average annual returns of 7.57% since inception.

HSBC Banking and PSU Debt Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
8.41%	7.76%	5.67%	7.24%	7.57%

How much does this mutual fund charge as expense ratio?

The HSBC Banking and PSU Debt Fund - Direct Growth has an expense ratio of 0.23%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The HSBC Banking and PSU Debt Fund currently has assets under management (AUM) or fund size valued at approximately 4,426 Cr as on Sep 30, 2025.

To whom does HSBC Banking and PSU Debt Fund lend to?

The top 3 debt holdings of HSBC Banking and PSU Debt Fund are as follows

Holding Name	Percentage of Portfolio
GOI	12.39%
Bajaj Finance Ltd.	5.61%
National Housing Bank	4.19%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HSBC Banking and PSU Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	81.16%
SOV	12.39%
A1+	5.42%

What is risk level of HSBC Banking and PSU Debt Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HSBC Banking and PSU Debt Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HSBC Banking and PSU Debt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the HSBC Banking and PSU Debt Fund is complete.

How can I redeem my investments in HSBC Banking and PSU Debt Fund?

Redeeming your investments in the HSBC Banking and PSU Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 1 Year.
AUM Growth: This fund has the highest AUM growth in the last 12 months in Banking and PSU category.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.