HSBC Gilt Fund

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

The HSBC Gilt Fund is a 25 yrs 6 m old fund and has delivered average annual returns of 7.66% since inception. HSBC Gilt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 4.5% 6.1% 4.11% 6.15% 7.66%

Q: How much does this mutual fund charge as expense ratio?

The HSBC Gilt Fund has an expense ratio of 1.58% , 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.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹66.2413+0.06% 1 day change	7.66% p.a.	App exclusive #NA View Ranked Funds	₹288 Cr

Historical NAV & returns

NAV: ₹66.2413 as on Oct 20, 2025

This fund Category average

HSBC Gilt Fund overview

AUM (Fund size)	₹288 Cr
Exit load	0%
Lock-in Period	Nil
Age	25 yrs 6 m since Mar 28, 2000
Benchmark	NIFTY All Duration G-Sec Index
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	1.58% as on Sep 30, 2025
Plan type	Regular
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 Oct 26, 2025

Period	This fund	Category average
1 Month	0.65%	0.75%
3 Months	-0.09%	0.06%
6 Months	-0.9%	-0.36%
1 Year	4.5%	5.28%
2 Years	7.05%	7.68%
3 Years	6.1%	7.06%
4 Years	4.8%	5.67%
5 Years	4.11%	5.07%
7 Years	6.16%	7.17%
10 Years	6.15%	6.94%

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

SOV 97.76%

Cash & Call Money 2.24%

Top Debt Holdings

Karnataka State 3.56%

GOI 0.07%

Allocation by Instruments

GOI Securities 94.13%

State Development Loan 3.56%

Repo 2.29%

Central Government Loan 0.07%

Other Holdings

Others 2.29%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Gilt Fund	0.65%	-0.9%	4.5%	6.1%	4.11%	6.15%
SBI Magnum Gilt Fund	0.61%	-0.06%	5.79%	7.61%	5.8%	7.73%
Axis Gilt Fund	0.96%	0.36%	6.48%	7.71%	5.55%	7.19%
ICICI Prudential Gilt Fund	0.72%	1.89%	7.8%	7.95%	6.19%	7.86%
UTI Gilt Fund	0.56%	-0.17%	5.62%	7.1%	5.1%	7.18%
DSP Gilt Fund	0.77%	-0.15%	5.56%	7.75%	5.64%	7.64%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Gilt Fund	3.14	0.86	-0.15	-0.2
SBI Magnum Gilt Fund	3.05	0.83	0.32	0.44
Axis Gilt Fund	2.98	0.8	0.31	0.46
ICICI Prudential Gilt Fund	1.92	0.48	0.62	0.73
UTI Gilt Fund	2.95	0.8	0.17	0.2
DSP Gilt Fund	3.54	0.98	0.3	0.41

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Gilt Fund	N.A.	288 Cr	25 yrs 6 m	1.58%
SBI Magnum Gilt Fund	N.A.	11,308 Cr	21 yrs 10 m	0.94%
Axis Gilt Fund	N.A.	679 Cr	13 yrs 9 m	0.82%
ICICI Prudential Gilt Fund	N.A.	9,109 Cr	26 yrs 3 m	1.09%
UTI Gilt Fund	N.A.	566 Cr	23 yrs 9 m	0.93%
DSP Gilt Fund	N.A.	1,494 Cr	26 yrs 1 m	1.17%

View all Gilt funds

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

Alpha	-2.21 vs. 1.41 Underperformed at beating benchmark
Sharpe	-0.15 vs. 2.03 Poor risk-adjusted returns
Beta	0.86 vs. 0.45 More sensitive to market's ups & downs
Standard deviation	3.14 vs. 2.62 More volatile performance

Compare HSBC Gilt Fund in detail with

About this fund

About HSBC Gilt Fund

HSBC Gilt Fund is a Gilt mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 25 yrs 6 m, having been launched on 28/03/2000. HSBC Gilt Fund has ₹288 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 Gilt Fund as of 20/10/2025 is ₹66.24. The fund has an expense ratio of 1.58%, which is higher than what most other Gilt funds charge.

HSBC Gilt Fund returns of last 1-year are 4.48%. Since launch, it has delivered 7.67% average annual returns. The fund has doubled the money invested in it every 11 yrs.
HSBC Gilt Fund scheme's ability to deliver returns consistently is lower than 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 Karnataka State, GOI.

...

Fund AUM	288 Cr as on Sep 30, 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	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

More funds from HSBC Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
HSBC Credit Risk Fund	N.A.	562 Cr	20.57%	11.23%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,885 Cr	8.15%	7.93%
HSBC Corporate Bond Fund	N.A.	6,170 Cr	8.37%	7.85%
HSBC Income Plus Arbitrage Active FoF	N.A.	629 Cr	5.59%	7.46%
HSBC Short Duration Fund	N.A.	4,455 Cr	8.13%	7.42%
HSBC Banking and PSU Debt Fund	N.A.	4,426 Cr	7.99%	7.31%

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 plan is approximately ₹66.2413 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HSBC Gilt Fund is a 25 yrs 6 m old fund and has delivered average annual returns of 7.66% since inception.

HSBC Gilt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
4.5%	6.1%	4.11%	6.15%	7.66%

How much does this mutual fund charge as expense ratio?

The HSBC Gilt Fund has an expense ratio of 1.58%, 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 Gilt Fund currently has assets under management (AUM) or fund size valued at approximately 288 Cr as on Sep 30, 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
Karnataka State	3.56%
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	97.76%
Cash & Call Money	2.24%

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 can I redeem my investments in HSBC Gilt Fund?

Redeeming your investments in the HSBC Gilt 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 Gilt

#NA

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.