HSBC Income Plus Arbitrage Active FoF

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

The HSBC Income Plus Arbitrage Active FoF is a 11 yrs 9 m old fund and has delivered average annual returns of 6.93% since inception. HSBC Income Plus Arbitrage Active FoF Returns 1-Year 3-Year 5-Year 10-Year Since Inception 5.31% 7.26% 5.66% 6.44% 6.93%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹22.0055-0.01% 1 day change	6.93% p.a.	App exclusive #NA View Ranked Funds	₹670 Cr

Historical NAV & returns

NAV: ₹22.0055 as on Feb 02, 2026

This fund Category average

HSBC Income Plus Arbitrage Active FoF overview

AUM (Fund size)	₹670 Cr
Exit load	0%
Lock-in Period	Nil
Age	11 yrs 9 m since Apr 09, 2014
Benchmark	NA
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.51% as on Feb 02, 2026
Plan type	Regular
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Income Plus Arbitrage Active FoF 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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.12%	-2.01%
3 Months	0.8%	-1.3%
6 Months	1.93%	-0.13%
1 Year	5.31%	4.62%
2 Years	6.56%	7.0%
3 Years	7.26%	7.78%
4 Years	6.05%	7.26%
5 Years	5.66%	7.19%
7 Years	6.18%	7.93%
10 Years	6.44%	7.95%

Asset allocationas on Dec 31, 2025

Large Cap -0.1%

Mid Cap -0.03%

Small Cap -0.03%

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 46.817688%

Cash 29.576097%

SOV 13.952912%

A1+ 8.287169%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 98.42%

Repo 4.78%

Other Holdings

HSBC Arbitrage Fund Direct-Growth 38.91%

HSBC Corporate Bond Direct-Growth 20.03%

HSBC Short Duration Fund Direct-Growth 20.0%

HSBC Banking and PSU Debt Fund Direct-Growth 14.05%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Income Plus Arbitrage Active FoF	0.12%	1.93%	5.31%	7.26%	5.66%	6.44%
Axis Income Plus Arbitrage Active FoF	0.21%	2.21%	7.26%	7.6%	6.41%	4.04%
Bandhan Income Plus Arbitrage Active FoF	0.17%	2.1%	6.55%	7.05%	5.77%	6.95%
ICICI Prudential Income Plus Arbitrage Omni FoF	0.19%	2.51%	6.53%	10.94%	9.99%	9.24%
HDFC Income Plus Arbitrage Active FoF	0.11%	1.97%	3.97%	12.04%	12.28%	12.38%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Income Plus Arbitrage Active FoF	1.78	N.A.	0.58	0.86
Axis Income Plus Arbitrage Active FoF	1.81	N.A.	0.72	1.27
Bandhan Income Plus Arbitrage Active FoF	0.92	N.A.	0.81	1.44
ICICI Prudential Income Plus Arbitrage Omni FoF	2.99	N.A.	1.51	2.99
HDFC Income Plus Arbitrage Active FoF	5.83	N.A.	0.95	1.37

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Income Plus Arbitrage Active FoF	N.A.	670 Cr	11 yrs 9 m	0.51%
Axis Income Plus Arbitrage Active FoF	N.A.	2,268 Cr	6 yrs	0.45%
Bandhan Income Plus Arbitrage Active FoF	N.A.	1,993 Cr	21 yrs 5 m	0.29%
ICICI Prudential Income Plus Arbitrage Omni FoF	N.A.	2,473 Cr	22 yrs 2 m	0.18%
HDFC Income Plus Arbitrage Active FoF	N.A.	2,461 Cr	14 yrs	0.33%

View all Tax Efficient Income funds

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

Alpha	N.A.
Sharpe	0.58 vs. 1.21 Poor risk-adjusted returns
Beta	N.A.
Standard deviation	1.78 vs. 1.37 More volatile performance

Compare HSBC Income Plus Arbitrage Active FoF in detail with

About this fund

About HSBC Income Plus Arbitrage Active FoF

HSBC Income Plus Arbitrage Active FoF is a Tax Efficient Income mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 11 yrs 9 m, having been launched on 09/04/2014. HSBC Income Plus Arbitrage Active FoF has ₹670 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Income Plus Arbitrage Active FoF as of 02/02/2026 is ₹22.01. The fund has an expense ratio of 0.51%, which is higher than what most other Tax Efficient Income funds charge.

HSBC Income Plus Arbitrage Active FoF returns of last 1-year are 5.31%. Since launch, it has delivered 6.93% average annual returns. The fund has doubled the money invested in it every 12 yrs.
The fund's credit profile is moderate indicating it has lent to borrowers whose quality is good. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in HSBC Arbitrage Fund Direct-Growth, HSBC Corporate Bond Direct-Growth, HSBC Short Duration Fund Direct-Growth, HSBC Banking and PSU Debt Fund Direct-Growth, HSBC Dynamic Bond Fund Direct-Growth.

...

Fund AUM	670 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Gautam Bhupal

Mr. Bhupal holds a PGDBM and is a CA, CS and B.Com (Hons) Prior to joining HSBC Mutual Fund he was working with IDFC Asset Management Company Ltd., Motilal Oswal Securities Ltd., Infosys Ltd., Vickers Ballas Securities Ltd., SBC Warburg, UTI Securities Ltd.

Cheenu Gupta

Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T) Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Investment objective

The scheme seeks to generate income / long-term capital appreciation by investing in units of debt-oriented and arbitrage schemes and money market instruments.

HSBC Mutual Fund details

No. of schemes	44 view all schemes
Total AUM	1,39,633 Cr as on Dec 31, 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.	512 Cr	19.67%	10.94%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,963 Cr	7.48%	7.61%
HSBC Corporate Bond Fund	N.A.	6,292 Cr	7.02%	7.26%
HSBC Money Market Fund	N.A.	4,895 Cr	6.98%	7.16%
HSBC Ultra Short Duration Fund	N.A.	3,014 Cr	6.67%	7.03%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Income Plus Arbitrage Active FoF?

The current Net Asset Value (NAV) of the HSBC Income Plus Arbitrage Active FoF plan is approximately ₹22.0055 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HSBC Income Plus Arbitrage Active FoF is a 11 yrs 9 m old fund and has delivered average annual returns of 6.93% since inception.

HSBC Income Plus Arbitrage Active FoF Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
5.31%	7.26%	5.66%	6.44%	6.93%

How much does this mutual fund charge as expense ratio?

The HSBC Income Plus Arbitrage Active FoF has an expense ratio of 0.51%, 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 Income Plus Arbitrage Active FoF currently has assets under management (AUM) or fund size valued at approximately 670 Cr as on Dec 31, 2025.

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 Income Plus Arbitrage Active FoF allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	46.817688%
Cash	29.576097%
SOV	13.952912%

What is risk level of HSBC Income Plus Arbitrage Active FoF?

This is a Tax Efficient Income 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 Income Plus Arbitrage Active FoF?

Redeeming your investments in the HSBC Income Plus Arbitrage Active FoF 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 Tax Efficient Income

#NA

Return Outperformance: This fund has generated highest return amongst Tax Efficient Income funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.