HSBC Money Market Fund Direct-Growth

Q: What are the returns of HSBC Money Market Fund?

The HSBC Money Market Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.5% since inception. HSBC Money Market Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 8.02% 7.07% 5.85% 7.2% 7.5%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹27.3527+0.02% 1 day change	7.5% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹27.3527 as on Apr 23, 2025

This fund Category average

HSBC Money Market Fund overview

VRO rating	3
Expense ratio	0.19% as on Mar 31, 2025
Exit load	0% Exit load of 0.25% shall be charged if units are redeemed within 15 days from the date of allotment.!
AUM (Fund size)	₹2,536 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP ₹1000 & Lump. ₹10000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Money Market 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 Apr 24, 2025

Period	This fund	Category average
1 month	1.03%	1.04%
3 months	2.35%	2.34%
6 months	4.16%	4.14%
1 year	8.02%	7.98%
3 years	7.07%	7.16%
5 years	5.85%	6.05%
7 years	6.54%	6.62%
10 years	7.2%	6.9%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 84.77%

SOV 14.69%

Cash & Call Money 0.29%

Others 0.25%

Top Debt Holdings

Reserve Bank of India 13.08%

HDFC Bank Ltd. 7.43%

National Bank For Agriculture & Rural Development 6.48%

LIC Housing Finance Ltd. 5.62%

Allocation by Instruments

Certificate of Deposit 56.77%

Commercial Paper 28.000000000000004%

Treasury Bills 13.080000000000002%

State Development Loan 1.61%

Other Holdings

Others 0.05%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HSBC Money Market Fund	N.A.	₹2,536 Crs	12 yrs 3 m	0.19%
UTI Money Market Fund	N.A.	₹16,265 Crs	12 yrs 3 m	0.14%
Nippon India Money Market Fund	N.A.	₹15,230 Crs	12 yrs 3 m	0.25%
PGIM India Money Market Fund	N.A.	₹161 Crs	5 yrs 1 m	0.2%
Sundaram Money Market Fund	N.A.	₹1,292 Crs	6 yrs 7 m	0.16%
Axis Money Market Fund	N.A.	₹14,611 Crs	5 yrs 8 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Money Market Fund	1.03%	4.16%	8.02%	7.07%	5.85%	7.2%
UTI Money Market Fund	1.06%	4.22%	8.12%	7.29%	6.21%	6.94%
Nippon India Money Market Fund	1.07%	4.21%	8.12%	7.33%	6.21%	6.95%
PGIM India Money Market Fund	1.06%	4.11%	7.93%	7.19%	6.02%	3.05%
Sundaram Money Market Fund	1.05%	4.18%	8.01%	7.07%	5.78%	4.07%
Axis Money Market Fund	1.07%	4.23%	8.19%	7.31%	6.24%	3.6%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Money Market Fund	0.53	1.16	0.98	0.92
UTI Money Market Fund	0.46	1.0	1.59	1.65
Nippon India Money Market Fund	0.46	0.98	1.69	1.8
PGIM India Money Market Fund	0.42	0.9	1.5	1.82
Sundaram Money Market Fund	0.41	0.88	1.25	1.52
Axis Money Market Fund	0.49	1.08	1.54	1.54

View all Money Market funds

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

Alpha	2.93 vs. 2.81 Higher outperformance against benchmark
Sharpe	0.98 vs. 3.3 Poor risk-adjusted returns
Beta	1.16 vs. 1.02 More sensitive to market's ups & downs
Standard deviation	0.53 vs. 0.41 More volatile performance

Compare HSBC Money Market Fund in detail with

About this fund

About HSBC Money Market Fund

HSBC Money Market Fund Direct-Growth is a Money Market mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. HSBC Money Market Fund Direct-Growth has ₹2,536 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Money Market Fund Direct-Growth as of 23/04/2025 is ₹27.35. The fund has an expense ratio of 0.19%, which is close to what most other Money Market funds charge.

HSBC Money Market Fund Direct-Growth returns of last 1-year are 8.02%. Since launch, it has delivered 7.50% average annual returns. The fund has doubled the money invested in it every 10 yrs.
HSBC Money Market 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 Reserve Bank of India, HDFC Bank Ltd., National Bank For Agriculture & Rural Development, LIC Housing Finance Ltd., Bank Of Baroda.

...

Fund AUM	₹2,536 Crs as on Mar 31, 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.

Abhishek Iyer

Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.

Investment objective

The scheme seek to generate regular income through investment in a portfolio comprising substantially of money market instruments.

HSBC Mutual Fund details

No. of schemes	42 view all schemes
Total AUM	₹1,24,514 Crs as on Mar 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 (in Crs.)	1Y	3Y
HSBC Gilt Fund	N.A.	₹251 Crs	12.7%	8.56%
HSBC Dynamic Bond Fund	N.A.	₹152 Crs	12.44%	8.29%
HSBC Medium Duration Fund	N.A.	₹658 Crs	10.77%	8.01%
HSBC Medium to Long Duration Fund	N.A.	₹49 Crs	11.75%	7.72%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	₹1,894 Crs	9.97%	7.49%
HSBC Corporate Bond Fund	N.A.	₹5,808 Crs	9.96%	7.4%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of HSBC Money Market Fund?

The current Net Asset Value (NAV) of the HSBC Money Market Fund - Direct Growth plan is approximately ₹27.3527 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The HSBC Money Market Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.5% since inception.

HSBC Money Market Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
8.02%	7.07%	5.85%	7.2%	7.5%

How much does this mutual fund charge as expense ratio?

The HSBC Money Market Fund - Direct Growth has an expense ratio of 0.19%, 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 Money Market Fund currently has assets under management (AUM) or fund size valued at approximately ₹2,536 Crs crore as of Mar 31, 2025.

To whom does HSBC Money Market Fund lend to?

The top 3 debt holdings of HSBC Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	13.08%
HDFC Bank Ltd.	7.43%
National Bank For Agriculture & Rural Development	6.48%

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 Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	84.77%
SOV	14.69%
Cash & Call Money	0.29%

What is risk level of HSBC Money Market Fund?

This is a Money Market fund comes with Low to 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 Money Market 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 Money Market 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 Money Market Fund is complete.

How can I redeem my investments in HSBC Money Market Fund?

Redeeming your investments in HSBC Money Market 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 Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Money Market

#NA

Age: This is the 3rd oldest Money Market fund.
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.