HSBC Ultra Short Duration Fund

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

The HSBC Ultra Short Duration Fund is a 6 yrs old fund and has delivered average annual returns of 5.74% since inception. HSBC Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 6.67% 7.03% 5.9% 5.74%

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

The HSBC Ultra Short Duration Fund has an expense ratio of 0.33% , 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 Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1399.8626+0.06% 1 day change	5.74% p.a.	App exclusive #NA View Ranked Funds	₹3,014 Cr

Historical NAV & returns

NAV: ₹1399.8626 as on Feb 02, 2026

This fund Category average

HSBC Ultra Short Duration Fund overview

AUM (Fund size)	₹3,014 Cr
Exit load	0%
Lock-in Period	Nil
Age	6 yrs since Jan 14, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.33% as on Feb 02, 2026
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.28%	0.28%
3 Months	1.25%	1.09%
6 Months	2.68%	2.51%
1 Year	6.67%	6.36%
2 Years	7.0%	6.76%
3 Years	7.03%	6.79%
4 Years	6.48%	6.25%
5 Years	5.9%	5.67%

Asset allocationas on Dec 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

A1+ 71.56%

AAA 25.12%

SOV 15.51%

Others 0.29%

Top Debt Holdings

Reserve Bank of India 13.79%

ICICI Securities Ltd. 9.78%

Canara Bank 8.47%

Axis Bank Ltd. 7.18%

Allocation by Instruments

Certificate of Deposit 43.370000000000005%

Commercial Paper 28.189999999999998%

Debenture 14.13%

Treasury Bills 13.790000000000001%

Other Holdings

Others 0.29%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HSBC Ultra Short Duration Fund	0.28%	2.68%	6.67%	7.03%	5.9%	N.A.
Mirae Asset Ultra Short Duration Fund	0.25%	2.75%	6.81%	7.22%	6.03%	3.07%
ICICI Prudential Ultra Short Term Fund	0.28%	2.74%	6.8%	7.07%	6.02%	6.89%
Mahindra Manulife Ultra Short Duration Fund	0.25%	2.57%	6.46%	6.9%	5.75%	3.57%
WhiteOak Capital Ultra Short Duration Fund	0.2%	2.35%	6.02%	6.44%	5.5%	3.43%
Baroda BNP Paribas Ultra Short Duration Fund	0.25%	2.65%	6.65%	7.12%	6.07%	4.77%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HSBC Ultra Short Duration Fund	0.31	0.46	2.15	2.77
Mirae Asset Ultra Short Duration Fund	0.32	0.49	2.67	3.21
ICICI Prudential Ultra Short Term Fund	0.31	0.45	2.24	3.18
Mahindra Manulife Ultra Short Duration Fund	0.31	0.47	1.76	2.07
WhiteOak Capital Ultra Short Duration Fund	0.31	0.48	0.34	0.4
Baroda BNP Paribas Ultra Short Duration Fund	0.33	0.49	2.32	2.9

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HSBC Ultra Short Duration Fund	N.A.	3,014 Cr	6 yrs	0.33%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	5 yrs 4 m	0.46%
ICICI Prudential Ultra Short Term Fund	N.A.	16,907 Cr	14 yrs 9 m	0.79%
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6 yrs 3 m	0.7%
WhiteOak Capital Ultra Short Duration Fund	N.A.	574 Cr	6 yrs 8 m	1.02%
Baroda BNP Paribas Ultra Short Duration Fund	N.A.	765 Cr	7 yrs 8 m	0.49%

View all Ultra Short Duration funds

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

Alpha	1.53 vs. 2.31 Underperformed at beating benchmark
Sharpe	2.15 vs. 2.34 Poor risk-adjusted returns
Beta	0.46 vs. 1.0 Less sensitive to market ups & downs
Standard deviation	0.31 vs. 0.25 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 6 yrs, having been launched on 14/01/2020. HSBC Ultra Short Duration Fund has ₹3,014 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HSBC Ultra Short Duration Fund as of 02/02/2026 is ₹1399.86. The fund has an expense ratio of 0.33%, which is close to what most other Ultra Short Duration funds charge.

HSBC Ultra Short Duration Fund returns of last 1-year are 6.69%. Since launch, it has delivered 5.75% 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, ICICI Securities Ltd., Canara Bank, Axis Bank Ltd., HDFC Bank Ltd..

...

Fund AUM	3,014 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Totla

Mr. Totla is an MBA (Finance) Prior to joining Edelweiss AMC he has worked with Godfrey Philips India.

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	1,39,633 Cr as on Dec 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	1Y	3Y
HSBC Credit Risk Fund	N.A.	512 Cr	19.67%	10.94%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund	N.A.	1,963 Cr	7.48%	7.61%
HSBC Income Plus Arbitrage Active FoF	N.A.	670 Cr	5.31%	7.26%
HSBC Corporate Bond Fund	N.A.	6,292 Cr	7.02%	7.26%
HSBC Money Market Fund	N.A.	4,895 Cr	6.98%	7.16%

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 ₹1399.8626 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The HSBC Ultra Short Duration Fund is a 6 yrs old fund and has delivered average annual returns of 5.74% since inception.

HSBC Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.67%	7.03%	5.9%	5.74%

How much does this mutual fund charge as expense ratio?

The HSBC Ultra Short Duration Fund has an expense ratio of 0.33%, 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 3,014 Cr as on Dec 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	13.79%
ICICI Securities Ltd.	9.78%
Canara Bank	8.47%

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+	71.56%
AAA	25.12%
SOV	15.51%

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.
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.