HSBC Gilt Fund Direct-Growth

Q: What are the returns of HSBC Gilt Fund?

The HSBC Gilt Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 8.74% since inception. HSBC Gilt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 8.5% 8.11% 5.83% 8.04% 8.74%

Q: How much does HSBC Gilt Fund charge as the expense ratio?

The HSBC Gilt Fund - Direct Growth has an expense ratio of 0.48% , which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹76.326+0.11% 1 day change	8.74% p.a.	#NA View Ranked Funds	₹295 Cr

Historical NAV & returns

NAV: ₹76.326 as on Jul 21, 2025

This fund Category average

HSBC Gilt Fund overview

Expense ratio	0.48% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹295 Cr
Lock-in Period	Nil
Age	12 yrs 6 m since Jan 01, 2013
Benchmark	NIFTY All Duration G-Sec
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 Gilt 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 Jul 22, 2025

Period	This fund	Category average
1 Month	0.94%	1.11%
3 Months	-0.4%	-0.04%
6 Months	4.32%	4.52%
1 Year	8.5%	8.87%
2 Years	8.66%	8.72%
3 Years	8.11%	8.54%
4 Years	6.55%	6.95%
5 Years	5.83%	6.2%
7 Years	7.75%	8.21%
10 Years	8.04%	8.17%

Asset allocationas on May 31, 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

SOV 98.52%

Cash & Call Money 1.48%

Top Debt Holdings

Gujarat State 1.81%

GOI 0.07%

Allocation by Instruments

GOI Securities 96.64%

State Development Loan 1.81%

Repo 1.32%

Net Current Assets 0.16%

Other Holdings

Others 0.16%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Gilt Fund	N.A.	295 Cr	12 yrs 6 m	0.48%
SBI Magnum Gilt Fund	N.A.	12,573 Cr	12 yrs 6 m	0.46%
PGIM India Gilt Fund	N.A.	117 Cr	12 yrs 6 m	0.55%
DSP Gilt Fund	N.A.	1,904 Cr	12 yrs 6 m	0.57%
Axis Gilt Fund	N.A.	836 Cr	12 yrs 6 m	0.41%
LIC MF Gilt Fund	N.A.	87 Cr	12 yrs 6 m	0.75%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Gilt Fund	0.94%	4.32%	8.5%	8.11%	5.83%	8.04%
SBI Magnum Gilt Fund	0.9%	4.5%	8.74%	8.89%	6.63%	8.72%
PGIM India Gilt Fund	0.95%	4.86%	9.24%	8.52%	6.49%	7.81%
DSP Gilt Fund	1.25%	4.5%	8.78%	8.86%	6.61%	8.66%
Axis Gilt Fund	0.85%	4.68%	9.41%	8.65%	6.54%	8.1%
LIC MF Gilt Fund	1.31%	4.14%	8.3%	7.7%	5.7%	7.8%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Gilt Fund	2.81	0.79	0.5	0.78
SBI Magnum Gilt Fund	2.72	0.75	0.75	1.13
PGIM India Gilt Fund	2.58	0.74	0.68	1.02
DSP Gilt Fund	3.23	0.92	0.63	0.96
Axis Gilt Fund	2.66	0.75	0.75	1.32
LIC MF Gilt Fund	2.96	0.83	0.29	0.41

View all Gilt funds

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

Alpha	-0.89 vs. 2.11 Underperformed at beating benchmark
Sharpe	0.5 vs. 2.42 Poor risk-adjusted returns
Beta	0.79 vs. 0.75 More sensitive to market's ups & downs
Standard deviation	2.81 vs. 2.16 More volatile performance

Compare HSBC Gilt Fund in detail with

About this fund

About HSBC Gilt Fund

HSBC Gilt Fund Direct-Growth is a Gilt mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 12 yrs 6 m, having been launched on 01/01/2013. HSBC Gilt Fund Direct-Growth has ₹295 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Gilt Fund Direct-Growth as of 21/07/2025 is ₹76.33. The fund has an expense ratio of 0.48%, which is close to what most other Gilt funds charge.

HSBC Gilt Fund Direct-Growth returns of last 1-year are 8.53%. Since launch, it has delivered 8.75% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HSBC Gilt 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 Gujarat State, GOI.

...

Fund AUM	295 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Shriram Ramanathan

Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA. Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T 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 seeks to generate returns from a portfolio from investments in Government Securities.

HSBC Mutual Fund details

No. of schemes	38 view all schemes
Total AUM	1,29,985 Cr as on Jun 30, 2025
Address	9-11th Floor, NESCO - IT Park Bldg. 3, Western Express Highway, Goregaon East, Mumbai, 400063

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HSBC Medium Duration Fund	N.A.	648 Cr	10.05%	8.67%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,926 Cr	9.6%	8.31%
HSBC Corporate Bond Fund	N.A.	5,895 Cr	9.73%	8.15%
HSBC Low Duration Fund	N.A.	580 Cr	9.82%	8.15%
HSBC Dynamic Bond Fund	N.A.	185 Cr	9.44%	8.06%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Gilt Fund?

The current Net Asset Value (NAV) of the HSBC Gilt Fund - Direct Growth plan is approximately ₹76.326 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The HSBC Gilt Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 8.74% since inception.

HSBC Gilt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
8.5%	8.11%	5.83%	8.04%	8.74%

How much does this mutual fund charge as expense ratio?

The HSBC Gilt Fund - Direct Growth has an expense ratio of 0.48%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The HSBC Gilt Fund currently has assets under management (AUM) or fund size valued at approximately 295 Cr as on May 31, 2025.

To whom does HSBC Gilt Fund lend to?

The top 3 debt holdings of HSBC Gilt Fund are as follows

Holding Name	Percentage of Portfolio
Gujarat State	1.81%
GOI	0.07%

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 Gilt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	98.52%
Cash & Call Money	1.48%

What is risk level of HSBC Gilt Fund?

This is a Gilt 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 Gilt Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 Gilt Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HSBC Gilt Fund is complete.

How can I redeem my investments in HSBC Gilt Fund?

Redeeming your investments in HSBC Gilt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

in Gilt

#NA

Return Outperformance: This fund has generated highest return amongst Gilt funds in the last 3 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
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.