HSBC Money Market Fund
- NAV as on 24 Sep 2026
- ₹28.51-0.01%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹26.82 — ₹28.51
- AUM
- ₹6,993 Cr
HSBC Money Market Fund is a Money Market debt fund from HSBC Mutual Fund with ₹6,993 Cr under management, launched in 2005. Over three years it has returned 6.9% a year, against 7.0% for its category. The expense ratio is 0.36% and the SEBI riskometer reading is Low to Moderate.
Performance
HSBC Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.6% | +0.4 pts | 6.3% | 6.7% |
| 2Y | 6.7% | 0.0 pts | 6.7% | 6.7% |
| 3Y | 6.9% | −0.1 pts | 7.0% | 6.9% |
| 5Y | 6.8% | +0.5 pts | 6.3% | 6.9% |
| 7Y | 6.3% | −0.2 pts | 6.4% | 6.4% |
| 10Y | 6.2% | −0.1 pts | 6.4% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.7% | 0.0 pts | 1.7% | 1.6% |
| 6M | 3.6% | 0.0 pts | 3.6% | 3.6% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 7.0% | +0.1 pts | 6.9% | 7.0% |
| 3Y | 7.1% | +0.1 pts | 7.0% | 7.1% |
| 5Y | 6.2% | −0.1 pts | 6.3% | 6.4% |
| 7Y | 5.8% | −0.3 pts | 6.0% | 5.9% |
| 10Y | 6.4% | 0.0 pts | 6.4% | 6.6% |
Since launch (2 Aug 2005): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | −0.2 pts | 7.5% |
| 2024 | 7.4% | −0.2 pts | 7.6% |
| 2023 | 6.9% | −0.4 pts | 7.3% |
| 2022 | 4.0% | −0.7 pts | 4.7% |
| 2021 | 2.9% | −0.9 pts | 3.8% |
| 2020 | 5.4% | −0.7 pts | 6.1% |
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
0.35%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.29%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- Exit load of 0.50% if redeemed within 60 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt 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 | 2.09 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.99 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.56 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt99.7%
- Other0.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 2.41% | ₹169 Cr | +0.82% | +1.31% | +1.82% |
| Bajaj Housing Finance Ltd. | Financial | 2.07% | ₹145 Cr | +2.43% | — | — |
| Bank Of Baroda | Financial | 2.07% | ₹145 Cr | +2.53% | +1.33% | +1.20% |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.07% | ₹145 Cr | +1.62% | +6.96% | +2.42% |
| HDFC Bank Ltd. | Financial | 1.73% | ₹121 Cr | +0.83% | +0.87% | +2.42% |
| Reserve Bank of India | Financial | 1.41% | ₹98.77 Cr | +1.68% | +0.46% | +1.83% |
| ICICI Bank Ltd. | Financial | 1.39% | ₹97.07 Cr | +1.63% | +1.75% | — |
| Bajaj Finance Ltd. | Financial | 1.38% | ₹96.37 Cr | +1.62% | +1.73% | — |
| ICICI Securities Ltd. | Financial | 1.38% | ₹96.72 Cr | +1.63% | +1.37% | +1.79% |
| Kotak Mahindra Bank Ltd. | Financial | 1.38% | ₹96.66 Cr | +2.10% | — | +1.22% |
| LIC Housing Finance Ltd. | Financial | 1.38% | ₹96.53 Cr | +2.43% | — | +1.22% |
| The Federal Bank Ltd. | Financial | 1.38% | ₹96.49 Cr | +1.69% | — | — |
| company:4789 | Financial | 1.38% | ₹96.59 Cr | — | — | — |
| Muthoot Fincorp Ltd. | Financial | 1.37% | ₹95.65 Cr | — | — | — |
| Canara Bank | Financial | 1.35% | ₹94.40 Cr | +0.82% | +1.75% | +1.23% |
| Tamilnadu State | Others | 1.35% | ₹94.29 Cr | +1.60% | +0.58% | — |
| Indusind Bank Ltd. | Financial | 1.18% | ₹82.76 Cr | +1.39% | +1.48% | +1.22% |
| AU Small Finance Bank Ltd. | Financial | 1.05% | ₹73.72 Cr | +1.24% | +1.32% | — |
| 360 ONE Wealth Ltd. | Financial | 1.04% | ₹72.75 Cr | +1.22% | +1.30% | — |
| Axis Bank Ltd. | Financial | 1.04% | ₹72.60 Cr | +0.83% | +0.88% | +1.84% |
| Infina Finance Pvt. Ltd. | Financial | 1.03% | ₹71.86 Cr | +1.21% | — | — |
| Indian Bank | Financial | 0.70% | ₹48.80 Cr | — | +1.76% | +3.60% |
| Tata Projects Ltd. | Construction | 0.70% | ₹49.08 Cr | +0.83% | +0.88% | — |
| Union Bank of India | Financial | 0.70% | ₹49.13 Cr | +0.84% | +3.65% | +1.82% |
| Aditya Birla Housing Finance Ltd. | Financial | 0.69% | ₹48.32 Cr | +1.63% | +1.74% | — |
| Birla Group Holdings Pvt. Ltd. | Financial | 0.69% | ₹48.56 Cr | +0.82% | +0.87% | +1.82% |
| Motilal Oswal Financial Services Ltd. | Financial | 0.69% | ₹48.47 Cr | +0.81% | +0.87% | — |
| Muthoot Finance Ltd. | Financial | 0.69% | ₹48.43 Cr | +0.81% | +0.87% | +1.21% |
| Bank of India | Financial | 0.62% | ₹43.63 Cr | — | — | +1.23% |
| Punjab National Bank | Financial | 0.62% | ₹43.46 Cr | +0.83% | +0.88% | +4.72% |
| Others | Others | 0.52% | ₹35.57 Cr | +0.69% | +0.75% | +0.78% |
| Maharashtra State | Others | 0.36% | ₹25.17 Cr | +0.44% | +0.28% | +0.39% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.35% | ₹24.28 Cr | +1.22% | +1.30% | +1.19% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:4789 | 0.00% | 1.38% | +1.38% |
| National Bank For Agriculture & Rural Development | 1.36% | 2.41% | +1.05% |
| Cholamandalam Investment and Finance Company Ltd. | 1.36% | 0.35% | -1.01% |
| HDFC Bank Ltd. | 1.03% | 1.73% | +0.70% |
| LIC Housing Finance Ltd. | 2.05% | 1.38% | -0.67% |
| Export-Import Bank Of India | 0.35% | 0.00% | -0.35% |
| Punjab National Bank | 0.69% | 0.62% | -0.07% |
| Indian Bank | 0.67% | 0.70% | +0.03% |
| Bajaj Finance Ltd. | 1.40% | 1.38% | -0.02% |
| Bajaj Housing Finance Ltd. | 2.05% | 2.07% | +0.02% |
| Bank Of Baroda | 2.05% | 2.07% | +0.02% |
| Muthoot Fincorp Ltd. | 1.35% | 1.37% | +0.02% |
| ICICI Bank Ltd. | 1.37% | 1.39% | +0.02% |
| The Federal Bank Ltd. | 1.36% | 1.38% | +0.02% |
| 360 ONE Wealth Ltd. | 1.03% | 1.04% | +0.01% |
| AU Small Finance Bank Ltd. | 1.04% | 1.05% | +0.01% |
| Axis Bank Ltd. | 1.03% | 1.04% | +0.01% |
| Canara Bank | 1.34% | 1.35% | +0.01% |
| Indusind Bank Ltd. | 1.17% | 1.18% | +0.01% |
| Infina Finance Pvt. Ltd. | 1.02% | 1.03% | +0.01% |
| Maharashtra State | 0.37% | 0.36% | -0.01% |
| Others | 0.24% | 0.25% | +0.01% |
| Reserve Bank of India | 1.40% | 1.41% | +0.01% |
| Tamilnadu State | 1.34% | 1.35% | +0.01% |
| Tata Projects Ltd. | 0.69% | 0.70% | +0.01% |
| Union Bank of India | 0.69% | 0.70% | +0.01% |
| Aditya Birla Housing Finance Ltd. | 0.68% | 0.69% | +0.01% |
| Motilal Oswal Financial Services Ltd. | 0.68% | 0.69% | +0.01% |
| Muthoot Finance Ltd. | 0.68% | 0.69% | +0.01% |
| ICICI Securities Ltd. | 1.37% | 1.38% | +0.01% |
| Kotak Mahindra Bank Ltd. | 1.37% | 1.38% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 1.37% | 1.38% | +0.01% |
| Bank of India | 0.62% | 0.62% | 0.00% |
| Birla Group Holdings Pvt. Ltd. | 0.69% | 0.69% | 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 | ₹21,840 Cr | 0.33% | 6.8% | 7.1% | 7.1% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.8% | 7.1% | 7.1% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.8% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.8% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seek to generate regular income through investment in a portfolio comprising substantially of money market instruments.
Fund managers
- Abhishek IyerMr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) EconomicsPrior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
- 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 months3.59% absolute | ₹60,000 | ₹62,154 | 3.59% | |
| 1 year6.29% annualised | ₹1,20,000 | ₹1,24,168 | 3.47% | |
| 3 years7.07% annualised | ₹3,60,000 | ₹4,02,076 | 11.69% | |
| 5 years6.23% annualised | ₹6,00,000 | ₹7,05,484 | 17.58% |
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.