HSBC Overnight Fund Direct - Growth

Q: What are the returns of HSBC Overnight Fund?

The HSBC Overnight Fund is a 6 yrs 2 m old fund and has delivered average annual returns of 5.09% since inception. HSBC Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.32% 6.46% 5.23% 5.09%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1359.183+0.01% 1 day change	5.09% p.a.	#NA View Ranked Funds	₹2,602 Cr

Historical NAV & returns

NAV: ₹1359.183 as on Jul 21, 2025

This fund Category average

HSBC Overnight Fund overview

Expense ratio	0.06% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹2,602 Cr
Lock-in Period	Nil
Age	6 yrs 2 m since May 21, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Overnight 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 Jun 09, 2025

Period	This fund	Category average
1 Month	0.36%	0.36%
3 Months	1.36%	1.36%
6 Months	2.93%	2.92%
1 Year	6.32%	6.3%
2 Years	6.56%	6.56%
3 Years	6.46%	6.44%
4 Years	5.75%	5.72%
5 Years	5.23%	5.2%

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

Cash & Call Money 93.48%

SOV 6.52%

Top Debt Holdings

Reserve Bank of India 6.52%

Allocation by Instruments

Reverse Repo 76.89%

Repo 16.33%

Treasury Bills 6.52%

Net Current Assets 0.26%

Other Holdings

Others 76.89%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Overnight Fund	N.A.	2,602 Cr	6 yrs 2 m	0.06%
Mirae Asset Overnight Fund	N.A.	1,010 Cr	5 yrs 9 m	0.07%
PGIM India Overnight Fund	N.A.	40 Cr	5 yrs 11 m	0.14%
Bank of India Overnight Fund	N.A.	72 Cr	5 yrs 5 m	0.09%
Edelweiss Overnight Fund	N.A.	191 Cr	6 yrs	0.11%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Overnight Fund	0.36%	2.93%	6.32%	6.46%	5.23%	N.A.
Mirae Asset Overnight Fund	0.36%	2.93%	6.32%	6.47%	5.24%	2.91%
PGIM India Overnight Fund	0.35%	2.92%	6.3%	6.44%	5.21%	2.97%
Bank of India Overnight Fund	0.37%	2.98%	6.41%	6.53%	5.29%	2.8%
Edelweiss Overnight Fund	0.36%	2.89%	6.25%	6.39%	5.16%	3.0%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Overnight Fund	0.15	0.17	-0.34	-0.44
Mirae Asset Overnight Fund	0.15	0.17	-0.25	-0.3
PGIM India Overnight Fund	0.14	0.17	-0.46	-0.56
Bank of India Overnight Fund	0.15	0.17	0.16	0.17
Edelweiss Overnight Fund	0.15	0.17	-0.75	-0.94

View all Overnight funds

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

Alpha	0.26 vs. 1.37 Underperformed at beating benchmark
Sharpe	-0.34 vs. 1.25 Poor risk-adjusted returns
Beta	0.17 vs. -0.12 More sensitive to market's ups & downs
Standard deviation	0.15 vs. 0.09 More volatile performance

Compare HSBC Overnight Fund in detail with

About this fund

About HSBC Overnight Fund

HSBC Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 6 yrs 2 m, having been launched on 21/05/2019. HSBC Overnight Fund Direct - Growth has ₹2,602 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 Overnight Fund Direct - Growth as of 21/07/2025 is ₹1359.18. The fund has an expense ratio of 0.06%, which is close to what most other Overnight funds charge.

HSBC Overnight Fund Direct - Growth returns of last 1-year are 6.33%. Since launch, it has delivered 5.08% average annual returns.
HSBC Overnight 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 very low indicating it has lent to borrowers whose quality is poor. 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 Reserve Bank of India.

...

Fund AUM	2,602 Cr as on May 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.

Investment objective

The scheme seeks to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight 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 Gilt Fund	N.A.	295 Cr	8.5%	8.11%
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 Overnight Fund?

The current Net Asset Value (NAV) of the HSBC Overnight Fund - Direct Growth plan is approximately ₹1359.183 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The HSBC Overnight Fund is a 6 yrs 2 m old fund and has delivered average annual returns of 5.09% since inception.

HSBC Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.32%	6.46%	5.23%	5.09%

How much does this mutual fund charge as expense ratio?

The HSBC Overnight Fund - Direct Growth has an expense ratio of 0.06%, 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 Overnight Fund currently has assets under management (AUM) or fund size valued at approximately 2,602 Cr as on May 31, 2025.

To whom does HSBC Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	6.52%

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 Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	93.48%
SOV	6.52%

What is risk level of HSBC Overnight Fund?

This is a Overnight fund comes with Low 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 Overnight 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 Overnight 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 Overnight Fund is complete.

How can I redeem my investments in HSBC Overnight Fund?

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

ET Money rank

in Overnight

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Overnight funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.