HSBC Banking and PSU Debt Fund
- NAV as on 24 Sep 2026
- ₹25.73-0.13%1 day
- Return since launch
- 5.1%
- 52-week range
- ₹24.60 — ₹25.80
- AUM
- ₹3,777 Cr
HSBC Banking and PSU Debt Fund is a Banking and PSU debt fund from HSBC Mutual Fund with ₹3,777 Cr under management, launched in 2007. Over three years it has returned 6.0% a year, against 6.7% 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 +4.6% against +4.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | −0.2 pts | 4.7% | 4.7% |
| 2Y | 5.4% | 0.0 pts | 5.4% | 5.4% |
| 3Y | 6.0% | −0.7 pts | 6.7% | 6.1% |
| 5Y | 6.0% | +0.2 pts | 5.8% | 6.3% |
| 7Y | 5.7% | −0.4 pts | 6.2% | 6.1% |
| 10Y | 6.0% | −0.6 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | −0.1 pts | 0.1% | 0.1% |
| 3M | 0.6% | −0.1 pts | 0.8% | 0.7% |
| 6M | 2.9% | −0.1 pts | 2.9% | 3.0% |
| 1Y | 4.6% | −0.2 pts | 4.7% | 4.7% |
| 2Y | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 3Y | 6.5% | −0.2 pts | 6.7% | 6.7% |
| 5Y | 5.3% | −0.6 pts | 5.8% | 5.8% |
| 7Y | 6.0% | −0.4 pts | 6.4% | 6.3% |
| 10Y | 6.3% | −0.4 pts | 6.7% | 6.7% |
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 23 Sep 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 | 0.51 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.83 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.46 | 1.28 | 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 31 Aug 2026
Asset allocation
- Debt98.0%
- Other2.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Export-Import Bank Of India | Financial | 5.50% | ₹208 Cr | +3.82% | +3.66% | +3.46% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.15% | ₹194 Cr | +4.74% | +4.26% | +4.29% |
| Housing & Urban Development Corporation Ltd. | Financial | 4.63% | ₹175 Cr | +3.92% | +4.66% | +4.40% |
| Indian Railway Finance Corporation Ltd. | Financial | 3.97% | ₹150 Cr | +3.81% | +3.66% | +3.42% |
| HDFC Bank Ltd. | Financial | 3.59% | ₹136 Cr | +2.64% | +2.36% | +4.16% |
| Bajaj Finance Ltd. | Financial | 3.34% | ₹126 Cr | +2.52% | +4.62% | +5.14% |
| Bharti Telecom Ltd. | Communication | 2.71% | ₹102 Cr | +2.52% | +2.26% | — |
| Others | Others | 2.38% | ₹90.30 Cr | +1.05% | +0.93% | +0.87% |
| Shivshakti Securitisation Trust | Others | 2.22% | ₹83.76 Cr | +2.12% | +1.94% | — |
| National Housing Bank | Financial | 2.06% | ₹77.71 Cr | +1.90% | +1.93% | +0.56% |
| Power Finance Corporation Ltd. | Financial | 1.91% | ₹72.11 Cr | +1.28% | +1.14% | +1.12% |
| Kotak Mahindra Prime Ltd. | Financial | 1.88% | ₹71.09 Cr | +1.04% | — | — |
| REC Ltd. | Financial | 1.47% | ₹55.75 Cr | -0.04% | -0.02% | +4.44% |
| Tata Capital Ltd. | Financial | 1.35% | ₹50.83 Cr | +1.27% | — | — |
| Embassy Office Parks REIT | Construction | 1.33% | ₹50.19 Cr | +1.26% | +1.14% | +1.11% |
| Gujarat State | Construction | 1.32% | ₹49.92 Cr | +1.29% | +1.17% | — |
| Canara Bank | Financial | 1.28% | ₹48.29 Cr | +0.59% | +1.59% | — |
| company:442 | Financial | 1.28% | ₹48.53 Cr | — | +2.14% | — |
| company:5500 | Financial | 1.28% | ₹48.29 Cr | — | +1.06% | — |
| Indian Bank | Financial | 1.25% | ₹47.27 Cr | — | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 1.12% | ₹42.34 Cr | +1.58% | +1.42% | +1.44% |
| Siddhivinayak Securitisation Trust | Others | 1.05% | ₹39.63 Cr | +1.00% | +0.92% | — |
| National Bank For Agriculture & Rural Development | Financial | 0.95% | ₹35.80 Cr | +0.52% | +1.38% | +1.14% |
| National Highways Authority of India Ltd. | Services | 0.71% | ₹26.81 Cr | +0.66% | — | — |
| Maharashtra State | Others | 0.70% | ₹26.27 Cr | +0.90% | +1.14% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.67% | ₹25.45 Cr | +0.63% | — | — |
| GOI | Sovereign | 0.66% | ₹25.06 Cr | +0.65% | +1.18% | +1.14% |
| company:5655 | Financial | 0.64% | ₹24.13 Cr | +1.20% | +1.06% | — |
| Tamilnadu State | Others | 0.40% | ₹15.08 Cr | +0.37% | +0.57% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Indian Oil Corporation Ltd. | 3.34% | 0.00% | -3.34% |
| ICICI Bank Ltd. | 1.66% | 0.00% | -1.66% |
| company:442 | 0.00% | 1.28% | +1.28% |
| company:5500 | 0.00% | 1.28% | +1.28% |
| Small Industries Devp. Bank of India Ltd. | 1.69% | 2.40% | +0.71% |
| Ultratech Cement Ltd. | 0.66% | 0.00% | -0.66% |
| company:5655 | 0.00% | 0.64% | +0.64% |
| Canara Bank | 1.91% | 1.28% | -0.63% |
| REC Ltd. | -0.03% | 0.14% | +0.17% |
| Gujarat State | 1.40% | 1.32% | -0.08% |
| Housing & Urban Development Corporation Ltd. | 1.96% | 1.98% | +0.02% |
| Shivshakti Securitisation Trust | 2.21% | 2.22% | +0.01% |
| Embassy Office Parks REIT | 1.32% | 1.33% | +0.01% |
| HDFC Bank Ltd. | 1.41% | 1.42% | +0.01% |
| Indian Bank | 1.24% | 1.25% | +0.01% |
| Kotak Mahindra Prime Ltd. | 1.32% | 1.33% | +0.01% |
| Power Grid Corporation Of India Ltd. | 0.84% | 0.85% | +0.01% |
| Tata Capital Ltd. | 1.34% | 1.35% | +0.01% |
| Bharti Telecom Ltd. | 2.70% | 2.71% | +0.01% |
| Bajaj Finance Ltd. | 1.35% | 1.35% | 0.00% |
| Export-Import Bank Of India | 2.05% | 2.05% | 0.00% |
| GOI | 0.66% | 0.66% | 0.00% |
| Indian Railway Finance Corporation Ltd. | 1.36% | 1.36% | 0.00% |
| Maharashtra State | 0.70% | 0.70% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. | 0.67% | 0.67% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.27% | 0.27% | 0.00% |
| National Highways Authority of India Ltd. | 0.71% | 0.71% | 0.00% |
| National Housing Bank | 2.06% | 2.06% | 0.00% |
| Others | 0.37% | 0.37% | 0.00% |
| Power Finance Corporation Ltd. | 0.68% | 0.68% | 0.00% |
| Siddhivinayak Securitisation Trust | 1.05% | 1.05% | 0.00% |
| Tamilnadu State | 0.40% | 0.40% | 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 | ₹5,539 Cr | 0.63% | 5.5% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.7% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.9% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.6% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.9% | 6.8% | 6.8% |
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 months2.86% absolute | ₹60,000 | ₹61,716 | 2.86% | |
| 1 year4.58% annualised | ₹1,20,000 | ₹1,23,019 | 2.52% | |
| 3 years6.53% annualised | ₹3,60,000 | ₹3,98,653 | 10.74% | |
| 5 years5.27% annualised | ₹6,00,000 | ₹6,87,774 | 14.63% |
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.