HSBC Ultra Short Duration Fund Direct Growth

Fund Overview

Fund Size

₹2,625 Cr

Expense Ratio

0.22%

ISIN

INF336L01OR1

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

29 Jan 2020

About this fund

HSBC Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 5 years, 1 months and 28 days, having been launched on 29-Jan-20.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹1344.54, Assets Under Management (AUM) of 2625.45 Crores, and an expense ratio of 0.22%.

HSBC Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.91% since inception.
The fund's asset allocation comprises around 0.00% in equities, 42.07% in debts, and 57.67% in cash & cash equivalents.
You can start investing in HSBC Ultra Short Duration Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.67%

+6.60% (Cat Avg.)

3 Years

+6.88%

+6.19% (Cat Avg.)

5 Years

+5.93%

+5.58% (Cat Avg.)

Since Inception

+5.91%

— (Cat Avg.)

Portfolio Summaryas of 15th February 2025

Debt	₹1,104.41 Cr	42.07%
Others	₹1,521.04 Cr	57.93%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Power Finance Corporation Limited	Bond - Corporate Bond	₹131.38 Cr	4.96%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹129.42 Cr	4.88%
Small Industries Development Bank Of India	Cash - Commercial Paper	₹99.55 Cr	3.76%
Indian Railway Finance Corporation Limited	Cash - Commercial Paper	₹99.44 Cr	3.75%
Canara Bank	Cash - CD/Time Deposit	₹98.23 Cr	3.71%
182 DTB 29052025	Bond - Gov't/Treasury	₹98.22 Cr	3.71%
Treps	Cash - Repurchase Agreement	₹94.22 Cr	3.55%
HDFC Bank Limited	Bond - Corporate Bond	₹79.04 Cr	2.98%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹78.16 Cr	2.95%
182 DTB 13032025	Bond - Gov't/Treasury	₹74.68 Cr	2.82%
Axis Bank Ltd.	Cash - CD/Time Deposit	₹73.61 Cr	2.78%
HDFC Bank Ltd.	Cash - CD/Time Deposit	₹71.84 Cr	2.71%
Punjab National Bank	Cash - CD/Time Deposit	₹70.62 Cr	2.66%
Bank Of Baroda	Cash - CD/Time Deposit	₹70.25 Cr	2.65%
182 DTB 27062025	Bond - Gov't/Treasury	₹65.46 Cr	2.47%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹53.66 Cr	2.02%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹52.43 Cr	1.98%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹51.98 Cr	1.96%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹50.99 Cr	1.92%
Bajaj Finance Limited	Bond - Corporate Bond	₹50.92 Cr	1.92%
Punjab National Bank	Cash - CD/Time Deposit	₹49.92 Cr	1.88%
INDIA UNIVERSAL TRUST AL2	Bond - Asset Backed	₹49.87 Cr	1.88%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹49.82 Cr	1.88%
Canara Bank	Cash - CD/Time Deposit	₹49.78 Cr	1.88%
Aditya Birla Finance Limited	Cash - Commercial Paper	₹49.76 Cr	1.88%
Aditya Birla Finance Limited	Cash - Commercial Paper	₹49.16 Cr	1.85%
Bank Of Baroda	Cash - CD/Time Deposit	₹49.04 Cr	1.85%
364 DTB	Bond - Gov't/Treasury	₹48.99 Cr	1.85%
Axis Bank Limited	Cash - CD/Time Deposit	₹48 Cr	1.81%
ICICI Bank Ltd.	Cash - CD/Time Deposit	₹47.34 Cr	1.79%
HDFC Bank Limited	Cash - CD/Time Deposit	₹47.14 Cr	1.78%
364 DTB 29012026	Bond - Gov't/Treasury	₹47.08 Cr	1.78%
Kotak Mahindra Prime Limited	Cash - Commercial Paper	₹46.75 Cr	1.76%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹46.71 Cr	1.76%
Canara Bank	Cash - CD/Time Deposit	₹46.71 Cr	1.76%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹46.57 Cr	1.76%
Icici Securities Limited	Cash - Commercial Paper	₹46.43 Cr	1.75%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹26.36 Cr	0.99%
Export Import Bank Of India	Bond - Corporate Bond	₹26.23 Cr	0.99%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹26.17 Cr	0.99%
Kotak Mahindra Prime Limited	Bond - Corporate Bond	₹25.82 Cr	0.97%
Power Finance Corporation Limited	Bond - Corporate Bond	₹25.48 Cr	0.96%
LIC Housing Finance Limited	Bond - Corporate Bond	₹25.41 Cr	0.96%
HDFC Bank Limited	Bond - Corporate Bond	₹25.38 Cr	0.96%
Axis Bank Limited	Cash - CD/Time Deposit	₹24.98 Cr	0.94%
Bajaj Finance Limited	Bond - Corporate Bond	₹24.82 Cr	0.94%
CDMDF CLASS A2	Mutual Fund - Open End	₹7.06 Cr	0.27%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - CD/Time Deposit	₹890.55 Cr	33.59%
Bond - Corporate Bond	₹805.49 Cr	30.39%
Cash - Commercial Paper	₹391.09 Cr	14.75%
Bond - Gov't/Treasury	₹334.42 Cr	12.62%
Cash - Repurchase Agreement	₹94.22 Cr	3.55%
Cash	₹78.16 Cr	2.95%
Bond - Asset Backed	₹49.87 Cr	1.88%
Mutual Fund - Open End	₹7.06 Cr	0.27%
Bond - Short-term Government Bills	₹0 Cr	-

Risk & Performance Ratios

Fund Managers

Mahesh Chhabria

Since November 2022

Additional Scheme Detailsas of 15th February 2025

ISIN

INF336L01OR1

Expense Ratio

0.22%

Exit Load

No Charges

Fund Size

₹2,625 Cr

Age

5 years 1 month

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Ultra Short Duration Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Ultra Short Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹205.52 Cr	6.8%
Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹595.44 Cr	6.8%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1407.51 Cr	7.4%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1407.51 Cr	7.6%
LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹365.85 Cr	7.7%
LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk	0.9%	0.0%	₹365.85 Cr	6.9%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	0.9%	0.0%	₹3384.64 Cr	7.1%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹7364.20 Cr	7.2%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹220.62 Cr	7.3%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹220.62 Cr	7.8%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,22,230 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
HSBC Consumption Fund Direct Growth Very High Risk	0.8%	1.0%	₹1356.30 Cr	12.1%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1432.46 Cr	9.2%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹2305.66 Cr	10.9%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹5282.44 Cr	6.9%
HSBC Value Fund Direct Growth Very High Risk	0.8%	1.0%	₹11580.20 Cr	9.4%
HSBC Credit Risk Fund Direct Growth Moderately High risk	0.9%	3.0%	₹581.61 Cr	9.6%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4246.12 Cr	8.0%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹9540.93 Cr	9.8%
HSBC ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹3604.41 Cr	15.2%
HSBC Equity Savings Fund Direct Growth Moderate Risk	0.6%	0.0%	₹619.25 Cr	10.2%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹538.02 Cr	8.1%
HSBC Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3712.11 Cr	8.5%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹5875.92 Cr	8.5%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹157.91 Cr	9.6%
HSBC Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2620.39 Cr	7.8%
HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹256.96 Cr	9.5%
HSBC Medium Duration Direct Growth Moderate Risk	0.4%	0.0%	₹656.27 Cr	9.3%
HSBC Focused Fund Direct Growth Very High Risk	0.9%	1.0%	₹1458.79 Cr	5.9%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.2%	1.0%	₹854.89 Cr	16.1%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3086.96 Cr	6.6%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.4%	0.0%	₹151.43 Cr	11.0%
HSBC Large Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹1827.54 Cr	6.5%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	1.6%	1.0%	₹35.18 Cr	15.1%
HSBC Brazil Fund Direct Growth Very High Risk	1.8%	1.0%	₹50.05 Cr	-8.9%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.7%	0.0%	₹48.51 Cr	9.3%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹16891.39 Cr	7.4%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹4680.33 Cr	9.7%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.6%	0.0%	₹236.36 Cr	13.9%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2625.45 Cr	7.7%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1883.18 Cr	8.6%
HSBC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹15453.03 Cr	6.4%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	1.4%	1.0%	₹61.14 Cr	0.4%
HSBC Managed Solutions India Conservative Direct Growth Moderately High risk	0.5%	0.0%	₹21.13 Cr	8.1%
HSBC Managed Solutions India Moderate Direct Growth Very High Risk	0.9%	1.0%	₹56.81 Cr	8.5%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	1.0%	1.0%	₹39.57 Cr	7.4%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹197.88 Cr	8.2%
HSBC Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2246.92 Cr	7.6%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	1.0%	₹112.66 Cr	5.9%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹281.10 Cr	7.6%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3873.33 Cr	11.0%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3891.79 Cr	8.8%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	1.6%	1.0%	₹8.25 Cr	12.9%

Risk Level

Your principal amount will be at Low to Moderate Risk

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Still got questions?
We're here to help.

What is the current NAV of HSBC Ultra Short Duration Fund Direct Growth?

The NAV of HSBC Ultra Short Duration Fund Direct Growth, as of 27-Mar-2025, is ₹1344.54.

What are the returns of HSBC Ultra Short Duration Fund Direct Growth?

The fund has generated 7.67% over the last 1 year and 6.88% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of HSBC Ultra Short Duration Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 42.07% in bonds, and 57.67% in cash and cash equivalents.

Who manages the HSBC Ultra Short Duration Fund Direct Growth?

The fund managers responsible for HSBC Ultra Short Duration Fund Direct Growth are:-

Mahesh Chhabria

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹2,625 Cr

Expense Ratio

0.22%

ISIN

INF336L01OR1

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

29 Jan 2020

Risk Level

Your principal amount will be at Low to Moderate Risk