Debt
Direct
Money Market
NAV as on 05-09-2024
₹ 25.99
Inception Returns
7.5%
/yr
HSBC Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Kapil Punjabi, Shriram Ramanathan. This fund is suitable to keep your money safe.
HSBC Money Market Fund Direct Growth has given a CAGR return of 7.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.56%, 6.06% and 6.09% respectively.
HSBC Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government, Consumer Cyclical. Its top holdings are Small Industries Development Bank Of India, Punjab National Bank, Kotak Mahindra Bank Limited, 05.77 GJ Sdl 2025, Canara Bank
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To generate regular income through investment in a portfolio comprising substantially of money market instruments.There is no assurance that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.2% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹1750 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 222.59% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Corporate & Government
HSBC Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.86% | 3.86% |
1 Year Returns | 7.56% | 7.56% |
3 Years Returns | 19.32% | 6.06% |
5 Years Returns | 34.36% | 6.09% |
AAA | 100 |