HSBC Medium Duration Fund Direct-Growth

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

The HSBC Medium Duration Fund Direct-Growth is a 10 yrs 9 m old fund and has delivered average annual returns of 7.98% since inception. HSBC Medium Duration Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 9.07% 8.68% 7.13% 7.69% 7.98%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹22.818+0.07% 1 day change	7.98% p.a.	App exclusive #NA View Ranked Funds	₹758 Cr

Historical NAV & returns

NAV: ₹22.818 as on Oct 20, 2025

This fund Category average

HSBC Medium Duration Fund overview

Expense ratio	0.4% as on Sep 30, 2025
Exit load	0%
AUM (Fund size)	₹758 Cr
Lock-in Period	Nil
Age	10 yrs 9 m since Jan 22, 2015
Benchmark	NIFTY Medium Duration Debt Index A-III
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Medium Duration 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	0.7%	0.73%
3 Months	1.36%	1.34%
6 Months	3.26%	3.34%
1 Year	9.07%	8.94%
2 Years	9.16%	9.11%
3 Years	8.68%	8.46%
4 Years	7.1%	7.27%
5 Years	7.13%	7.39%
7 Years	7.79%	7.21%
10 Years	7.69%	7.44%

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 39.29%

SOV 28.82%

AA 20.01%

AA- 6.7%

Top Debt Holdings

GOI 28.82%

LIC Housing Finance Ltd. 6.7%

Delhi International Airport Ltd. 4.05%

Small Industries Devp. Bank of India Ltd. 3.61%

Allocation by Instruments

Debenture 37.69%

GOI Securities 28.82%

Non Convertible Debenture 9.989999999999998%

Securitised Debt 8.120000000000001%

Other Holdings

Others 1.28%

Detailed portfolio analysis

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

Alpha	1.43 vs. 2.85 Underperformed at beating benchmark
Sharpe	1.47 vs. 3.22 Poor risk-adjusted returns
Beta	0.74 vs. 1.31 Less sensitive to market ups & downs
Standard deviation	1.3 vs. 1.43 More stable returns

Compare HSBC Medium Duration Fund in detail with

About this fund

About HSBC Medium Duration Fund

HSBC Medium Duration Fund Direct-Growth is a Medium Duration mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 10 yrs 9 m, having been launched on 22/01/2015. HSBC Medium Duration Fund Direct-Growth has ₹758 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 Medium Duration Fund Direct-Growth as of 20/10/2025 is ₹22.82. The fund has an expense ratio of 0.4%, which is less than what most other Medium Duration funds charge.

HSBC Medium Duration Fund Direct-Growth returns of last 1-year are 9.11%. Since launch, it has delivered 8.00% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HSBC Medium Duration 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 average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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 GOI, LIC Housing Finance Ltd., Delhi International Airport Ltd., Small Industries Devp. Bank of India Ltd., Vedanta Ltd - Pref. Shares 7.50.

...

Fund AUM	758 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.

Investment objective

The scheme seek to generate income by investing primarily in debt and money market 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	21.5%	12.14%
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 Medium Duration Fund Direct-Growth?

The current Net Asset Value (NAV) of the HSBC Medium Duration Fund - Direct Growth plan is approximately ₹22.818 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HSBC Medium Duration Fund Direct-Growth is a 10 yrs 9 m old fund and has delivered average annual returns of 7.98% since inception.

HSBC Medium Duration Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
9.07%	8.68%	7.13%	7.69%	7.98%

How much does this mutual fund charge as expense ratio?

The HSBC Medium Duration Fund - Direct Growth has an expense ratio of 0.4%, 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 Medium Duration Fund currently has assets under management (AUM) or fund size valued at approximately 758 Cr as on Sep 30, 2025.

To whom does HSBC Medium Duration Fund lend to?

The top 3 debt holdings of HSBC Medium Duration Fund are as follows

Holding Name	Percentage of Portfolio
GOI	28.82%
LIC Housing Finance Ltd.	6.7%
Delhi International Airport Ltd.	4.05%

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 Medium Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	39.29%
SOV	28.82%
AA	20.01%

What is risk level of HSBC Medium Duration Fund?

This is a Medium Duration 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 Medium Duration 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 Medium Duration 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 Medium Duration Fund is complete.

How can I redeem my investments in HSBC Medium Duration Fund?

Redeeming your investments in the HSBC Medium Duration 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 Medium Duration

#NA

Return Outperformance: This fund has generated highest return amongst Medium Duration funds in the last 10 Years.
Expense Ratio: This fund has the 3rd lowest expense ratio amongst actively/passively managed Medium Duration funds.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 7.18% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: The fund is performing poorly than its category.