HSBC Ultra Short Duration Fund

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

The HSBC Ultra Short Duration Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.77% since inception. HSBC Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 7.14% 7.17% 5.76% 5.77%

Q: How much does this mutual fund charge as expense ratio?

The HSBC Ultra Short Duration Fund has an expense ratio of 0.35% , 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.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1379.5814+0.05% 1 day change	5.77% p.a.	App exclusive #NA View Ranked Funds	₹2,496 Cr

Historical NAV & returns

NAV: ₹1379.5814 as on Oct 20, 2025

This fund Category average

HSBC Ultra Short Duration Fund overview

AUM (Fund size)	₹2,496 Cr
Exit load	0%
Lock-in Period	Nil
Age	5 yrs 9 m since Jan 14, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.35% as on Sep 30, 2025
Plan type	Regular
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 Oct 17, 2025

Period	This fund	Category average
1 Month	0.49%	0.47%
3 Months	1.39%	1.36%
6 Months	3.17%	3.07%
1 Year	7.14%	6.88%
2 Years	7.26%	6.98%
3 Years	7.17%	6.87%
4 Years	6.35%	6.07%
5 Years	5.76%	5.57%

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

A1+ 63.94%

AAA 30.89%

SOV 15.14%

Others 0.35%

Top Debt Holdings

Reserve Bank of India 8.54%

Bank Of Baroda 6.85%

GOI 6.6%

Canara Bank 5.9%

Allocation by Instruments

Certificate of Deposit 39.94%

Commercial Paper 24.0%

Debenture 18.250000000000004%

Non Convertible Debenture 10.100000000000001%

Other Holdings

Others 0.35%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Ultra Short Duration Fund	0.49%	3.17%	7.14%	7.17%	5.76%	N.A.
ICICI Prudential Ultra Short Term Fund	0.5%	3.3%	7.26%	7.2%	5.93%	6.92%
Mahindra Manulife Ultra Short Duration Fund	0.47%	3.11%	7.0%	7.05%	5.63%	3.43%
WhiteOak Capital Ultra Short Duration Fund	0.43%	2.89%	6.57%	6.59%	5.38%	3.31%
HDFC Ultra Short Term Fund	0.5%	3.19%	7.14%	7.16%	5.78%	4.45%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Ultra Short Duration Fund	0.26	0.64	2.47	4.16
ICICI Prudential Ultra Short Term Fund	0.27	0.65	2.4	4.46
Mahindra Manulife Ultra Short Duration Fund	0.24	0.57	2.18	3.83
WhiteOak Capital Ultra Short Duration Fund	0.24	0.58	0.38	0.64
HDFC Ultra Short Term Fund	0.26	0.65	2.32	4.32

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Ultra Short Duration Fund	N.A.	2,496 Cr	5 yrs 9 m	0.35%
ICICI Prudential Ultra Short Term Fund	N.A.	14,697 Cr	14 yrs 6 m	0.8%
Mahindra Manulife Ultra Short Duration Fund	N.A.	208 Cr	6 yrs	0.7%
WhiteOak Capital Ultra Short Duration Fund	N.A.	531 Cr	6 yrs 5 m	1.03%
HDFC Ultra Short Term Fund	N.A.	16,700 Cr	7 yrs 1 m	0.7%

View all Ultra Short Duration funds

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

Alpha	1.79 vs. 2.47 Underperformed at beating benchmark
Sharpe	2.47 vs. 2.73 Poor risk-adjusted returns
Beta	0.64 vs. 0.96 Less sensitive to market ups & downs
Standard deviation	0.26 vs. 0.2 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 is a Ultra Short Duration mutual fund scheme from Hsbc Mutual Fund. This fund has been in existence for 5 yrs 9 m, having been launched on 14/01/2020. HSBC Ultra Short Duration Fund has ₹2,496 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 Ultra Short Duration Fund as of 20/10/2025 is ₹1379.58. The fund has an expense ratio of 0.35%, which is close to what most other Ultra Short Duration funds charge.

HSBC Ultra Short Duration Fund returns of last 1-year are 7.18%. Since launch, it has delivered 5.78% average annual returns.
HSBC Ultra Short Duration Fund 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, GOI, Canara Bank, National Bank For Agriculture & Rural Development.

...

Fund AUM	2,496 Cr as on Sep 30, 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 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	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

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HSBC Corporate Bond Fund	N.A.	6,170 Cr	8.32%	7.9%
HSBC Income Plus Arbitrage Active FoF	N.A.	629 Cr	5.6%	7.51%
HSBC Short Duration Fund	N.A.	4,455 Cr	8.13%	7.46%
HSBC Banking and PSU Debt Fund	N.A.	4,426 Cr	8.03%	7.36%

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 plan is approximately ₹1379.5814 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The HSBC Ultra Short Duration Fund is a 5 yrs 9 m old fund and has delivered average annual returns of 5.77% since inception.

HSBC Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.14%	7.17%	5.76%	5.77%

How much does this mutual fund charge as expense ratio?

The HSBC Ultra Short Duration Fund has an expense ratio of 0.35%, 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 Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately 2,496 Cr as on Sep 30, 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	8.54%
Bank Of Baroda	6.85%
GOI	6.6%

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+	63.94%
AAA	30.89%
SOV	15.14%

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

Redeeming your investments in the HSBC Ultra Short 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 Ultra Short Duration

#NA

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