HSBC Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV as on 04-02-2025
₹ 1323.62
Inception Returns
5%
/yr
About HSBC Overnight Fund Direct Growth
HSBC Overnight Fund Direct Growth is a debt fund. This fund was started on 22 May, 2019. The fund is managed by Kapil Punjabi. This fund is suitable to keep your money safe.
Key Parameters
- HSBC Overnight Fund Direct Growth has ₹2197 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
HSBC Overnight Fund Direct Growth has given a CAGR return of 5.03% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.72%, 6.16% and 5.00% respectively.
Holdings
HSBC Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 DTB 03012025, 364 DTB 26122024
Taxation
As it is a overnight 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 Overnight Fund Direct Growth
The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. However, there is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Overnight Fund Direct Growth has no lock in period.
Historical NAV & Returns
HSBC Overnight Fund Direct Growth Overview
| Expense ratio | 0.06% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹2197 Cr |
| Inception Date | 22 May, 2019 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 119.51% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low Risk |
Trailing Returns
as on (04-Feb-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 2.4K Cr as of Dec'24
- AUM decreased by 124.4 Cr between Dec'24 and Nov'24
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 91 DTB 03012025 | 1.58% | 0% | |
364 DTB 26122024 | 0.45% | 0% |
Mutual Fund Insights
HSBC Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹2197 Cr
Expense Ratio 0.06%
Frequently Asked Questions for HSBC Overnight Fund Direct Growth
HSBC Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.3% | 3.3% |
1 Year Returns | 6.72% | 6.72% |
3 Years Returns | 19.63% | 6.16% |
5 Years Returns | 27.65% | 5% |
- 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 |