HSBC Ultra Short Duration Fund Direct - Growth

Q: What are the returns of HSBC Ultra Short Duration Fund?

The HSBC Ultra Short Duration Fund is a 5 yrs 3 m old fund and has delivered average annual returns of 5.98% since inception. HSBC Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 7.83% 7.06% 5.95% 5.98%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1355.6951+0.02% 1 day change	5.98% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹1355.6951 as on Apr 23, 2025

This fund Category average

HSBC Ultra Short Duration Fund overview

VRO rating	3
Expense ratio	0.22% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹2,260 Crs
Lock-in	No Lockin
Age	5 yrs 3 m since Jan 14, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

HSBC Ultra Short 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 Apr 08, 2025

Period	This fund	Category average
1 month	0.93%	0.91%
3 months	2.18%	2.16%
6 months	3.97%	3.96%
1 year	7.83%	7.8%
3 years	7.06%	7.01%
5 years	5.95%	6.02%

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+ 66.11%

AAA 31.84%

SOV 14.8%

Others 0.32%

Top Debt Holdings

Reserve Bank of India 14.8%

Bank Of Baroda 8.62%

Canara Bank 8.55%

Union Bank of India 7.5%

Allocation by Instruments

Certificate of Deposit 55.47000000000001%

Debenture 26.39%

Treasury Bills 14.799999999999999%

Commercial Paper 10.64%

Other Holdings

Others 0.32%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
HSBC Ultra Short Duration Fund	N.A.	₹2,260 Crs	5 yrs 3 m	0.22%
ICICI Prudential Ultra Short Term Fund	N.A.	₹12,674 Crs	12 yrs 3 m	0.39%
Axis Ultra Short Duration Fund	N.A.	₹4,801 Crs	6 yrs 7 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	₹1,723 Crs	12 yrs 3 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹395 Crs	5 yrs 11 m	0.43%
Tata Ultra Short Term Fund	N.A.	₹3,938 Crs	6 yrs 3 m	0.26%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Ultra Short Duration Fund	0.93%	3.97%	7.83%	7.06%	5.95%	N.A.
ICICI Prudential Ultra Short Term Fund	0.95%	4.04%	7.93%	7.23%	6.53%	7.76%
Axis Ultra Short Duration Fund	0.95%	4.05%	8.01%	7.25%	6.25%	4.42%
Sundaram Ultra Short Duration Fund	0.93%	4.01%	7.89%	7.16%	5.97%	6.25%
WhiteOak Capital Ultra Short Duration Fund	0.87%	3.85%	7.59%	6.83%	5.74%	3.36%
Tata Ultra Short Term Fund	0.94%	4.09%	8.01%	7.19%	6.06%	3.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Ultra Short Duration Fund	0.45	1.0	1.18	1.11
ICICI Prudential Ultra Short Term Fund	0.42	0.9	1.7	1.76
Axis Ultra Short Duration Fund	0.44	0.97	1.67	1.57
Sundaram Ultra Short Duration Fund	0.4	0.87	1.63	1.64
WhiteOak Capital Ultra Short Duration Fund	0.4	0.88	0.91	0.86
Tata Ultra Short Term Fund	0.44	0.96	1.55	1.47

View all Ultra Short Duration funds

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

Alpha	2.62 vs. 3.16 Underperformed at beating benchmark
Sharpe	1.18 vs. 3.27 Poor risk-adjusted returns
Beta	1.0 vs. 0.97 More sensitive to market's ups & downs
Standard deviation	0.45 vs. 0.42 More volatile performance

Compare HSBC Ultra Short Duration Fund in detail with

About this fund

About HSBC Ultra Short Duration Fund

HSBC Ultra Short Duration Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 5 yrs 3 m, having been launched on 14/01/2020. HSBC Ultra Short Duration Fund Direct - Growth has ₹2,260 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 Ultra Short Duration Fund Direct - Growth as of 23/04/2025 is ₹1355.70. The fund has an expense ratio of 0.22%, which is close to what most other Ultra Short Duration funds charge.

HSBC Ultra Short Duration Fund Direct - Growth returns of last 1-year are 7.84%. Since launch, it has delivered 5.97% average annual returns.
HSBC Ultra Short 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 very high indicating it has lent to borrowers whose quality is excellent. 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, Bank Of Baroda, Canara Bank, Union Bank of India, Axis Bank Ltd..

...

Fund AUM	₹2,260 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 seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & 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

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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 Ultra Short Duration Fund?

The current Net Asset Value (NAV) of the HSBC Ultra Short Duration Fund - Direct Growth plan is approximately ₹1355.6951 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The HSBC Ultra Short Duration Fund is a 5 yrs 3 m old fund and has delivered average annual returns of 5.98% since inception.

HSBC Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.83%	7.06%	5.95%	5.98%

How much does this mutual fund charge as expense ratio?

The HSBC Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.22%, 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 Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately ₹2,260 Crs crore as of Mar 31, 2025.

To whom does HSBC Ultra Short Duration Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	14.8%
Bank Of Baroda	8.62%
Canara Bank	8.55%

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 Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	66.11%
AAA	31.84%
SOV	14.8%

What is risk level of HSBC Ultra Short Duration Fund?

This is a Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration Fund is complete.

How can I redeem my investments in HSBC Ultra Short Duration Fund?

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

ET Money rank

in Ultra Short Duration

#NA

AUM Growth: This fund has the highest AUM growth in the last 12 months in Ultra Short Duration category.
Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Ultra Short Duration funds.
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.