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Past returns do not tell you future returns. Tap a dotted word to see what it means.
Against 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index
| Return | This fund | Similar funds | Rank | |
|---|---|---|---|---|
| 1 month | +0.2% | — | — | — |
| 3 months | +0.5% | — | — | — |
| 6 months | +2.4% | — | — | — |
| 1 year | +4.4% | +5.2% | +6.6% | 97 of 165 |
| 3 years, a year | +6.8% | +6.9% | +18.5% | 116 of 123 |
| 5 years, a year | +5.5% | +6.3% | +11.0% | 78 of 86 |
| Since launch, a year | +6.8% | — | — | — |
Every one-year and three-year stretch in its history (): how many ended up, the worst, the typical and the best.
What an investment in this fund would be worth today
₹10,000 on the first price of each month, valued at the NAV of 2 Nov 2026. Past returns do not tell you future returns.
61 monthly instalments from 2 Nov 2021, valued at the NAV of 2 Nov 2026. A yearly return of 6.0%.
How bumpy it has been, and how far it has fallen
How widely the price swung (volatility). Lower is steadier.
The deepest drop from a high before it recovered (drawdown).
Return above cash for each unit of bumpiness. Higher is better.
Like Sharpe, counting only the falls.
52-week range: ₹21.84 (4 Nov 2025) to ₹22.79 (2 Nov 2026). Now at its high.
Its yearly expense ratio, and how much money it manages
Of the 0.51%, 0.43% is the fund house's fee and 0.08% is trading costs and taxes, which move from month to month with the fund's buying and selling.
The fund house raised its fee from 0.38% to 0.43% on 20 May 2026. Every expense ratio change in May 2026
The expense ratio is taken out of the fund every day, so the NAV and every return on this page are already after it. How the expense ratio works
Nil
6 holdings, as of 31 Aug 2026
| HSBC Arbitrage Fund - Direct Growth Internal - Mutual Fund Units | 36.43% | +0.3% | — |
| HSBC Short Term Fund - Direct Growth Internal - Mutual Fund Units | 31.98% | +0.1% | — |
| HSBC Banking and PSU Debt Fund - Direct Growth Internal - Mutual Fund Units | 15.86% | +0.0% | — |
| HSBC Corporate Bond Fund - Direct Growth Internal - Mutual Fund Units | 15.10% | +0.1% | — |
| Treps | 0.68% | -0.9% | — |
| Net Current Assets (including cash & bank balances) | -0.05% | +0.4% | — |
The share of the fund in its ten largest holdings. The higher it is, the more the fund depends on a few of them.
From the fund house's monthly portfolio disclosure.
Between the portfolios of 15 Aug 2026 and 31 Aug 2026, the fund added 0 holdings and left 0; 3 holdings gained weight and 0 lost weight.
None
None
None
The weight of today's ten largest holdings in each of the last 6 portfolios.
| Holding | 15 Jun 2026 | Jun 2026 | 15 Jul 2026 | Jul 2026 | 15 Aug 2026 | Aug 2026 |
|---|---|---|---|---|---|---|
| HSBC Arbitrage Fund - Direct Growth | 36.3% | 36.3% | 36.4% | 36.6% | 36.1% | 36.4% |
| HSBC Short Term Fund - Direct Growth | 28.9% | 31.4% | 31.4% | 31.5% | 31.9% | 32.0% |
| HSBC Banking and PSU Debt Fund - Direct Growth | 10.9% | 15.6% | 15.6% | 15.7% | 15.8% | 15.9% |
| HSBC Corporate Bond Fund - Direct Growth | 15.7% | 15.7% | 15.7% | 15.8% | 15.0% | 15.1% |
Equity, debt and cash in each of the last 6 portfolios.
| Share of the fund | 15 Jun 2026 | Jun 2026 | 15 Jul 2026 | Jul 2026 | 15 Aug 2026 | Aug 2026 |
|---|---|---|---|---|---|---|
| Cash and other | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Overlap is the part of two portfolios that is the same, by weight: 100% would be identical.
Check its overlap with any fund, by holdings, industry and sector
The investment objective is to generate income / long-term capital appreciation by investing in units of debt-oriented and arbitrage schemes and money market instruments.
The largest funds with the same mandate
| +4.4% | +6.8% | +5.5% | 0.51% | ₹529 cr | |
ICICI Prudential Dynamic Asset Allocation Active FOF ICICI Prudential | -2.0% | +8.9% | +9.1% | 1.35% | ₹27,125 cr |
ICICI Prudential Aggressive Hybrid Active FOF ICICI Prudential | -4.7% | +12.1% | +10.9% | 1.50% | ₹8,963 cr |
Kotak Income Plus Arbitrage Omni FOF Kotak Mahindra | +4.9% | +7.2% | — | 0.32% | ₹7,877 cr |
ICICI Prudential Income plus Arbitrage Omni FOF ICICI Prudential | +5.3% | +8.8% | +8.8% | 0.27% | ₹3,279 cr |
| +4.6% | +8.3% | +9.4% | 0.34% | ₹2,676 cr | |
Kotak Multi Asset Omni FOF Kotak Mahindra | -3.2% | +12.2% | +12.3% | 1.16% | ₹2,461 cr |
| +4.9% | +7.5% | +6.3% | 0.54% | ₹2,190 cr | |
| -1.5% | — | — | 1.35% | ₹2,176 cr | |
| +5.3% | +6.9% | +6.0% | 0.30% | ₹1,890 cr | |
| +5.1% | — | — | 0.21% | ₹1,771 cr |
The NAV of the Regular Growth plan was ₹22.79 on 2 Nov 2026.
It returned +4.4% over the last year, +6.8% a year over three years, +5.5% a year over five years. Over three years its benchmark, 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index, returned +6.9% a year. Past returns do not indicate future returns.
On 2 Nov 2026: started 3 years ago, ₹3.6 lakh put in would be worth ₹3.91 lakh, +5.4% a year; started 5 years ago, ₹6 lakh put in would be worth ₹6.99 lakh, +6.0% a year; started 10 years ago, ₹12 lakh put in would be worth ₹16.25 lakh, +5.9% a year. That is ₹10,000 on the first price of each month. Past returns do not tell you future returns.
As of 31 Aug 2026: HSBC Arbitrage Fund - Direct Growth (36.4%), HSBC Short Term Fund - Direct Growth (32.0%), HSBC Banking and PSU Debt Fund - Direct Growth (15.9%), HSBC Corporate Bond Fund - Direct Growth (15.1%). It held 6 investments in all.
Over the last three years its NAV fell as much as -1.1% from a high before recovering; over the last year, -0.4%.
0.51% a year, against a typical 0.64% in its category. It is taken out of the fund daily, so the NAV and returns are after it.
It manages ₹529 cr as of 2 Nov 2026.
Mohd Asif Rizwi (since 13 Mar 2025), Mahesh Chhabria (since 13 Mar 2025).
Nil
₹5,000 to start, ₹500 a month by SIP.
Its riskometer level is Low to Moderate, on SEBI's six-step scale from Low to Very High. Its NAV's volatility over the last year was 0.9%.
65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index.
On 30 Apr 2014.