HSBC Banking and PSU Debt Fund
- NAV as on 9 Nov 2026
- ₹25.83+0.09%1 day
- Return since launch
- 5.1%
- 52-week range
- ₹24.84 — ₹25.81
- AUM
- ₹3,699 Cr
HSBC Banking and PSU Debt Fund is a Banking and PSU debt fund from HSBC Mutual Fund with ₹3,699 Cr under management, launched in 2007. Over three years it has returned 5.7% a year, against 6.6% for its category. The expense ratio is 0.61% and the SEBI riskometer reading is Moderate.
Performance
HSBC Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.9% against +4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.0% | −0.1 pts | 4.1% | 4.3% |
| 2Y | 4.9% | −0.1 pts | 5.0% | 5.0% |
| 3Y | 5.7% | −0.9 pts | 6.6% | 5.8% |
| 5Y | 6.0% | +0.1 pts | 5.9% | 6.2% |
| 7Y | 5.6% | −0.4 pts | 6.0% | 6.0% |
| 10Y | 6.0% | −0.6 pts | 6.6% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 0.2% | −0.2 pts | 0.4% | 0.4% |
| 6M | 2.5% | −0.1 pts | 2.6% | 2.6% |
| 1Y | 3.9% | −0.2 pts | 4.1% | 4.2% |
| 2Y | 6.0% | 0.0 pts | 5.9% | 5.9% |
| 3Y | 6.4% | −0.2 pts | 6.6% | 6.7% |
| 5Y | 5.3% | −0.6 pts | 5.9% | 5.9% |
| 7Y | 5.8% | −0.5 pts | 6.2% | 6.1% |
| 10Y | 6.2% | −0.4 pts | 6.6% | 6.6% |
Since launch (19 Sep 2007): 5.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.5% | −0.2 pts | 7.7% |
| 2024 | 7.2% | −1.0 pts | 8.2% |
| 2023 | 6.5% | −0.5 pts | 7.0% |
| 2022 | 1.6% | −2.3 pts | 3.9% |
| 2021 | 3.0% | −0.8 pts | 3.8% |
| 2020 | 10.4% | −0.1 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.61%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.51%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.09%
- Exit load
- Exit load of 0.50% is payable if units are redeemed/ switched out within1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.64 | 1.41 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.55 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Banking and PSU Debt Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.4%
- Other5.6%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Export-Import Bank Of India | Financial | 5.60% | ₹208 Cr | +3.90% | +3.80% | +3.60% |
| Others | Others | 4.76% | ₹177 Cr | +1.05% | +1.02% | +0.90% |
| Housing & Urban Development Corporation Ltd. | Financial | 4.70% | ₹175 Cr | +3.98% | +3.90% | +4.58% |
| National Bank For Agriculture & Rural Development | Financial | 4.48% | ₹167 Cr | +0.52% | +1.02% | +1.20% |
| Indian Railway Finance Corporation Ltd. | Financial | 4.03% | ₹150 Cr | +3.87% | +4.05% | +3.57% |
| Bajaj Finance Ltd. | Financial | 3.40% | ₹127 Cr | +2.56% | +3.86% | +5.36% |
| REC Ltd. | Financial | 3.40% | ₹127 Cr | -0.10% | +6.70% | +2.85% |
| GOI | Sovereign | 3.39% | ₹126 Cr | +1.93% | +1.29% | +1.18% |
| HDFC Bank Ltd. | Financial | 3.14% | ₹117 Cr | +2.68% | +2.62% | +4.32% |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.06% | ₹114 Cr | +4.83% | +4.71% | +4.17% |
| Bharti Telecom Ltd. | Communication | 2.76% | ₹103 Cr | +2.55% | +2.51% | — |
| Shivshakti Securitisation Trust | Others | 2.18% | ₹81.18 Cr | +2.10% | +2.11% | +1.93% |
| National Housing Bank | Financial | 2.08% | ₹77.29 Cr | +1.96% | +2.15% | +2.99% |
| Power Finance Corporation Ltd. | Financial | 1.94% | ₹72.14 Cr | +3.88% | +1.26% | +1.16% |
| LIC Housing Finance Ltd. | Financial | 1.44% | ₹53.58 Cr | — | — | +3.79% |
| Tata Capital Ltd. | Financial | 1.38% | ₹51.19 Cr | +1.27% | — | — |
| Embassy Office Parks REIT | Construction | 1.33% | ₹49.49 Cr | +1.25% | +1.25% | +1.14% |
| Bank Of Baroda | Financial | 1.31% | ₹48.79 Cr | — | — | — |
| Canara Bank | Financial | 1.30% | ₹48.52 Cr | +1.81% | +1.19% | — |
| Punjab National Bank | Financial | 1.30% | ₹48.52 Cr | — | +1.19% | — |
| Indian Bank | Financial | 1.28% | ₹47.50 Cr | +1.21% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 1.14% | ₹42.40 Cr | +1.60% | +1.56% | +1.48% |
| Siddhivinayak Securitisation Trust | Others | 1.03% | ₹38.24 Cr | +0.99% | +0.99% | +0.90% |
| National Highways Authority of India Ltd. | Services | 0.72% | ₹26.91 Cr | +0.67% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.69% | ₹25.68 Cr | +0.64% | — | — |
| Maharashtra State | Others | 0.68% | ₹25.19 Cr | +0.93% | +1.45% | — |
| Union Bank of India | Financial | 0.65% | ₹24.25 Cr | — | +1.19% | — |
| Kotak Mahindra Prime Ltd. | Financial | 0.56% | ₹20.93 Cr | +0.53% | — | — |
| Gujarat State | Construction | 0.08% | ₹3.07 Cr | +1.32% | +1.29% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| National Bank For Agriculture & Rural Development | 0.27% | 3.08% | +2.81% |
| GOI | 0.66% | 3.39% | +2.73% |
| Small Industries Devp. Bank of India Ltd. | 2.40% | 0.27% | -2.13% |
| LIC Housing Finance Ltd. | 0.00% | 1.44% | +1.44% |
| Gujarat State | 1.32% | 0.08% | -1.24% |
| Kotak Mahindra Prime Ltd. | 1.33% | 0.56% | -0.77% |
| REC Ltd. | 0.14% | 0.65% | +0.51% |
| company:5849 | 0.40% | 0.00% | -0.40% |
| Bharti Telecom Ltd. | 2.71% | 2.76% | +0.05% |
| Export-Import Bank Of India | 2.05% | 2.09% | +0.04% |
| Shivshakti Securitisation Trust | 2.22% | 2.18% | -0.04% |
| Bank Of Baroda | 1.28% | 1.31% | +0.03% |
| HDFC Bank Ltd. | 1.42% | 1.45% | +0.03% |
| Indian Bank | 1.25% | 1.28% | +0.03% |
| Housing & Urban Development Corporation Ltd. | 1.98% | 2.01% | +0.03% |
| Tata Capital Ltd. | 1.35% | 1.38% | +0.03% |
| Bajaj Finance Ltd. | 1.35% | 1.37% | +0.02% |
| Canara Bank | 1.28% | 1.30% | +0.02% |
| National Housing Bank | 2.06% | 2.08% | +0.02% |
| Punjab National Bank | 1.28% | 1.30% | +0.02% |
| Siddhivinayak Securitisation Trust | 1.05% | 1.03% | -0.02% |
| Maharashtra State | 0.70% | 0.68% | -0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 0.67% | 0.69% | +0.02% |
| Indian Railway Finance Corporation Ltd. | 1.36% | 1.38% | +0.02% |
| National Highways Authority of India Ltd. | 0.71% | 0.72% | +0.01% |
| Others | 0.37% | 0.38% | +0.01% |
| Power Grid Corporation Of India Ltd. | 0.85% | 0.86% | +0.01% |
| Union Bank of India | 0.64% | 0.65% | +0.01% |
| Power Finance Corporation Ltd. | 0.68% | 0.69% | +0.01% |
| Embassy Office Parks REIT | 1.33% | 1.33% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,324 Cr | 0.62% | 5.0% | 6.3% | 6.6% |
 Bandhan Banking and PSU Debt Fund | ₹11,848 Cr | 0.68% | 5.1% | 6.2% | 6.4% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,082 Cr | 0.72% | 4.4% | 6.0% | 6.5% |
 Kotak Banking and PSU Debt Fund | ₹4,675 Cr | 0.75% | 4.4% | 6.0% | 6.4% |
 UTI Banking & PSU Debt Fund | ₹1,448 Cr | 0.46% | 5.9% | 6.7% | 7.0% |
 Franklin India Banking & PSU Debt Fund | ₹565 Cr | 0.49% | 5.0% | 6.4% | 6.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.
Fund managers
- Asif RizwiMr. Rizwi has done B.Tech and PGDM from IIM-CPrior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank
- Mahesh A ChhabriaMr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.47% absolute | ₹60,000 | ₹61,482 | 2.47% | |
| 1 year3.90% annualised | ₹1,20,000 | ₹1,22,565 | 2.14% | |
| 3 years6.44% annualised | ₹3,60,000 | ₹3,98,086 | 10.58% | |
| 5 years5.30% annualised | ₹6,00,000 | ₹6,88,319 | 14.72% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.