HSBC Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 05-09-2024
₹ 25.99
Inception Returns
7.5%
/yr
About the Fund
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.
Key Parameters
- HSBC Money Market Fund Direct Growth has ₹1750 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of HSBC Money Market Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Fund Overview
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1.9K Cr as of Jul'24
- AUM increased by 437.2 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Corporate & Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 6.67% | 100% | |
Punjab National Bank | 5.29% | 100% | |
Kotak Mahindra Bank Limited | 5.2% | 0% | |
05.77 GJ Sdl 2025 | 4.11% | 0% | |
National Bank For Agriculture And Rural Development | 3.98% | 0% |
Mutual Fund Insights
HSBC Money Market Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.2%
Frequently Asked Questions
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% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |