# HSBC Income Plus Arbitrage Active FOF

HSBC Asset Management (India) Private Ltd · Fund of Funds · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/hsbc-income-plus-arbitrage-active-fof-129195
Figures as of 2 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Invests in other funds. Its latest portfolio: 99% other investments.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹6.99 lakh on 2 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 6.8% a year; similar funds earned 18.5% a year on average.
- **How bumpy:** Low to moderate: small ups and downs. It made money in 99 of every 100 one-year stretches; its worst 12 months saw a fall of 0.9%.
- **Expense ratio:** 0.51% a year. Similar funds: 0.64% on average.
- **Fees and minimums:** A SIP from ₹500 a month. No fee for selling early.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹22.79 on 2 Nov 2026
- **Fund size:** ₹529 cr (2 Nov 2026)
- **Expense ratio:** 0.51% a year (typical in its category 0.64%)
- **Riskometer:** Low to Moderate
- **Benchmark:** 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index
- **Category:** [Fund of Funds](https://discovermf.com/categories/fund-of-funds.md)
- **Fund house:** [HSBC Asset Management (India) Private Ltd](https://discovermf.com/fund-houses/hsbc)
- **Launched:** 30 Apr 2014
- **Exit load:** Nil
- **Minimum investment:** ₹5,000 to start, ₹500 a month by SIP
- **AMFI scheme code:** 129195

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +0.2% | — | — | — |
| 3 months | +0.5% | — | — | — |
| 6 months | +2.4% | — | — | — |
| 1 year | +4.4% | +6.6% | +5.2% | 97 of 165 |
| 3 years (a year) | +6.8% | +18.5% | +6.9% | 116 of 123 |
| 5 years (a year) | +5.5% | +11.0% | +6.3% | 78 of 86 |
| Since launch (a year) | +6.8% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | +3.7% | — |
| 2025 | +5.4% | — |
| 2024 | +8.8% | — |
| 2023 | +7.9% | — |
| 2022 | +1.8% | — |
| 2021 | +4.2% | — |
| 2020 | +9.3% | — |
| 2019 | +5.8% | — |
| 2018 | +4.9% | — |
| 2017 | +6.0% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 2 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹3.91 lakh | +5.4% |
| 5 years ago | ₹6 lakh | ₹6.99 lakh | +6.0% |
| 10 years ago | ₹12 lakh | ₹16.25 lakh | +5.9% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 0.9% | 16.3% |
| Worst fall, last year | -0.4% | — |
| Worst fall, last 3 years | -1.1% | — |
| Sharpe ratio, 3 years | 0.57 | — |
| Sortino ratio, 3 years | 0.79 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, August 2026

6 holdings. Cash and equivalents 0.6%, Other 99.4%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| HSBC Arbitrage Fund - Direct Growth | Internal - Mutual Fund Units | 36.43% |
| HSBC Short Term Fund - Direct Growth | Internal - Mutual Fund Units | 31.98% |
| HSBC Banking and PSU Debt Fund - Direct Growth | Internal - Mutual Fund Units | 15.86% |
| HSBC Corporate Bond Fund - Direct Growth | Internal - Mutual Fund Units | 15.10% |
| Treps | Cash | 0.68% |
| Net Current Assets (including cash & bank balances) | Cash | -0.05% |

### Largest sectors

| Sector | Weight |
| --- | --- |
| Internal - Mutual Fund Units | 99.4% |

## Managers

- [Mohd Asif Rizwi](https://discovermf.com/fund-managers/mohd-asif-rizwi), since 13 Mar 2025
- [Mahesh Chhabria](https://discovermf.com/fund-managers/mahesh-chhabria), since 13 Mar 2025

## Objective

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.