HSBC Short Term Fund
Short DurationModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹28.14-0.07%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹26.87 — ₹28.21
- AUM
- ₹3,870 Cr
HSBC Short Term Fund is a Short Duration debt fund from HSBC Mutual Fund with ₹3,870 Cr under management, launched in 2011. Over three years it has returned 6.2% a year, against 6.7% for its category. The expense ratio is 0.70% and the SEBI riskometer reading is Moderate.
Performance
HSBC Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | 0.0 pts | 4.7% | 4.8% |
| 2Y | 5.5% | +0.1 pts | 5.4% | 5.5% |
| 3Y | 6.2% | −0.5 pts | 6.7% | 6.2% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.3% |
| 7Y | 6.0% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 6.2% | −0.1 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.1% | 0.0 pts | 0.1% | 0.1% |
| 3M | 0.6% | 0.0 pts | 0.6% | 0.6% |
| 6M | 2.9% | 0.0 pts | 2.9% | 3.0% |
| 1Y | 4.7% | +0.1 pts | 4.7% | 4.8% |
| 2Y | 6.3% | +0.1 pts | 6.2% | 6.3% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.8% |
| 5Y | 5.7% | −0.4 pts | 6.0% | 5.8% |
| 7Y | 6.1% | −0.3 pts | 6.4% | 6.2% |
| 10Y | 6.4% | +0.1 pts | 6.3% | 6.4% |
Since launch (7 Dec 2011): 7.2%
Calendar-year returns
Category average9.2%
3.0%
2.7%
6.6%
7.5%
7.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.7% | −0.4 pts | 8.1% |
| 2024 | 7.5% | −0.8 pts | 8.3% |
| 2023 | 6.6% | −0.7 pts | 7.3% |
| 2022 | 2.7% | −2.2 pts | 5.0% |
| 2021 | 3.0% | −1.6 pts | 4.5% |
| 2020 | 9.2% | −0.6 pts | 9.8% |
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
0.70%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.59%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.50% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
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 | 0.71 | 0.94 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.22 | 1.59 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.39 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HSBC Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt96.3%
- Other3.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 4.63% | ₹179 Cr | +1.95% | +3.24% | +1.80% |
| Others | Others | 4.09% | ₹158 Cr | +1.02% | +0.90% | +0.84% |
| GOI | Sovereign | 3.30% | ₹128 Cr | +2.02% | +1.24% | +1.06% |
| Embassy Office Parks REIT | Construction | 2.98% | ₹116 Cr | +0.80% | +0.72% | +4.54% |
| Mindspace Business Parks REIT | Construction | 2.85% | ₹110 Cr | +3.12% | +2.82% | — |
| NTPC Ltd. | Energy | 2.73% | ₹106 Cr | +1.38% | +1.22% | +1.14% |
| Shivshakti Securitisation Trust | Others | 2.67% | ₹103 Cr | +2.70% | +2.47% | — |
| Kotak Mahindra Prime Ltd. | Financial | 2.59% | ₹100 Cr | +2.76% | +2.44% | +2.28% |
| Reliance Industries Ltd. | Energy | 2.41% | ₹92.98 Cr | +2.76% | +2.46% | — |
| Hindustan Zinc Ltd. | Metals & Mining | 2.00% | ₹77.57 Cr | +1.97% | +1.87% | +1.75% |
| Bajaj Housing Finance Ltd. | Financial | 1.94% | ₹75.09 Cr | +2.52% | +2.44% | +2.30% |
| Indian Railway Finance Corporation Ltd. | Financial | 1.66% | ₹64.34 Cr | +1.36% | +2.42% | +1.22% |
| National Bank For Agriculture & Rural Development | Financial | 1.59% | ₹61.58 Cr | +5.34% | +5.80% | +0.70% |
| Bajaj Finance Ltd. | Financial | 1.57% | ₹60.80 Cr | +2.60% | +3.74% | +3.48% |
| REC Ltd. | Financial | 1.54% | ₹59.81 Cr | -0.04% | -0.01% | +2.36% |
| Tamilnadu State | Others | 1.49% | ₹57.72 Cr | — | +1.20% | — |
| Larsen & Toubro Ltd. | Construction | 1.46% | ₹56.67 Cr | — | — | — |
| Maharashtra State | Others | 1.36% | ₹52.53 Cr | +1.96% | +0.94% | — |
| Karnataka State | Others | 1.31% | ₹50.62 Cr | +1.33% | +0.61% | — |
| Tata Capital Ltd. | Financial | 1.31% | ₹50.83 Cr | +1.31% | — | — |
| National Highways Authority of India Ltd. | Services | 1.30% | ₹50.47 Cr | +0.69% | — | +1.15% |
| Gujarat State | Construction | 1.29% | ₹49.92 Cr | +0.67% | +0.60% | +0.57% |
| Sundaram Finance Ltd. | Financial | 1.29% | ₹50.11 Cr | +1.21% | +3.21% | +1.19% |
| Ultratech Cement Ltd. | Materials | 1.29% | ₹49.97 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.26% | ₹48.84 Cr | +1.24% | +1.10% | — |
| Bank Of Baroda | Financial | 1.25% | ₹48.32 Cr | +1.23% | — | — |
| Export-Import Bank Of India | Financial | 1.25% | ₹48.39 Cr | +0.66% | +1.77% | +0.59% |
| Punjab National Bank | Financial | 1.25% | ₹48.29 Cr | +1.91% | — | — |
| Indian Bank | Financial | 1.22% | ₹47.27 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 1.20% | ₹46.36 Cr | +0.66% | +0.63% | +0.59% |
| National Housing Bank | Financial | 1.15% | ₹44.37 Cr | +0.65% | +0.87% | +1.15% |
| Radhakrishna Securitisation Trust | Others | 1.14% | ₹44.27 Cr | +1.16% | +1.05% | — |
| LIC Housing Finance Ltd. | Financial | 0.95% | ₹36.73 Cr | +0.54% | +0.48% | +2.30% |
| India Universal Trust AL1 | Others | 0.71% | ₹27.32 Cr | +0.80% | +0.79% | +0.89% |
| Bharti Telecom Ltd. | Communication | 0.70% | ₹26.90 Cr | +0.68% | +0.61% | — |
| Jio Credit Ltd. | Financial | 0.66% | ₹25.55 Cr | +0.65% | +0.61% | +0.91% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.66% | ₹25.45 Cr | +0.65% | — | — |
| Siddhivinayak Securitisation Trust | Others | 0.64% | ₹24.77 Cr | +0.64% | +0.59% | — |
| Canara Bank | Financial | 0.62% | ₹24.14 Cr | +0.61% | +1.10% | — |
| company:5655 | Financial | 0.62% | ₹24.13 Cr | +0.61% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 0.64% | 3.30% | +2.66% |
| ICICI Bank Ltd. | 1.73% | 0.00% | -1.73% |
| Indian Oil Corporation Ltd. | 1.21% | 0.00% | -1.21% |
| Axis Bank Ltd. | 1.16% | 0.00% | -1.16% |
| HDFC Bank Ltd. | 1.15% | 0.00% | -1.15% |
| Gujarat State | 0.25% | 1.29% | +1.04% |
| National Bank For Agriculture & Rural Development | 1.27% | 0.26% | -1.01% |
| Small Industries Devp. Bank of India Ltd. | 1.15% | 2.06% | +0.91% |
| Ultratech Cement Ltd. | 0.60% | 1.29% | +0.69% |
| company:5655 | 0.00% | 0.62% | +0.62% |
| Karnataka State | 0.97% | 1.31% | +0.34% |
| Shivshakti Securitisation Trust | 2.47% | 2.67% | +0.20% |
| Hindustan Zinc Ltd. | 1.85% | 2.00% | +0.15% |
| Mindspace Business Parks REIT | 1.44% | 1.29% | -0.15% |
| Larsen & Toubro Ltd. | 1.35% | 1.46% | +0.11% |
| Reliance Industries Ltd. | 1.30% | 1.41% | +0.11% |
| Bajaj Finance Ltd. | 1.22% | 1.32% | +0.10% |
| Bajaj Housing Finance Ltd. | 1.18% | 1.28% | +0.10% |
| Bank Of Baroda | 1.15% | 1.25% | +0.10% |
| Export-Import Bank Of India | 1.15% | 1.25% | +0.10% |
| Kotak Mahindra Bank Ltd. | 1.16% | 1.26% | +0.10% |
| Maharashtra State | 1.26% | 1.36% | +0.10% |
| Punjab National Bank | 1.15% | 1.25% | +0.10% |
| Tamilnadu State | 1.39% | 1.49% | +0.10% |
| Tata Capital Ltd. | 1.21% | 1.31% | +0.10% |
| Indian Bank | 1.12% | 1.22% | +0.10% |
| National Housing Bank | 1.06% | 1.15% | +0.09% |
| Power Finance Corporation Ltd. | 1.11% | 1.20% | +0.09% |
| Radhakrishna Securitisation Trust | 1.05% | 1.14% | +0.09% |
| Sundaram Finance Ltd. | 1.21% | 1.29% | +0.08% |
| Indian Railway Finance Corporation Ltd. | 0.89% | 0.96% | +0.07% |
| Bharti Telecom Ltd. | 0.64% | 0.70% | +0.06% |
| Canara Bank | 0.57% | 0.62% | +0.05% |
| Jio Credit Ltd. | 0.61% | 0.66% | +0.05% |
| LIC Housing Finance Ltd. | 0.62% | 0.67% | +0.05% |
| Mahindra & Mahindra Financial Services Ltd. | 0.61% | 0.66% | +0.05% |
| NTPC Ltd. | 0.60% | 0.65% | +0.05% |
| Siddhivinayak Securitisation Trust | 0.59% | 0.64% | +0.05% |
| Embassy Office Parks REIT | 0.36% | 0.39% | +0.03% |
| REC Ltd. | -0.02% | 0.00% | +0.02% |
| Others | 0.32% | 0.34% | +0.02% |
| India Universal Trust AL1 | 0.70% | 0.71% | +0.01% |
| Kotak Mahindra Prime Ltd. | 1.29% | 1.30% | +0.01% |
| National Highways Authority of India Ltd. | 1.30% | 1.30% | 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 | ₹11,181 Cr | 0.91% | 5.1% | 6.5% | 6.7% |
 ICICI Prudential Short Term Fund | ₹19,403 Cr | 1.05% | 5.1% | 6.6% | 6.8% |
 HDFC Short Term Fund | ₹14,486 Cr | 0.72% | 4.8% | 6.4% | 6.7% |
 Bandhan Short Term Fund | ₹8,731 Cr | 0.87% | 5.8% | 6.7% | 6.7% |
 Axis Short Term Fund | ₹7,501 Cr | 0.93% | 5.0% | 6.6% | 6.7% |
 Aditya Birla Sun Life Short Term Fund | ₹5,782 Cr | 0.96% | 4.7% | 6.3% | 6.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide a reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years.
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
- Shriram RamanathanShriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T 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 months2.94% absolute | ₹60,000 | ₹61,764 | 2.94% | |
| 1 year4.73% annualised | ₹1,20,000 | ₹1,23,119 | 2.60% | |
| 3 years6.78% annualised | ₹3,60,000 | ₹4,00,233 | 11.18% | |
| 5 years5.65% annualised | ₹6,00,000 | ₹6,94,716 | 15.79% |
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.
What is the NAV of HSBC Short Term Fund?
The NAV of HSBC Short Term Fund is ₹28.14 as on 25 Sep 2026.
What is the expense ratio of HSBC Short Term Fund?
The expense ratio of HSBC Short Term Fund is 0.70% per year.
What is the minimum SIP amount for HSBC Short Term Fund?
You can start a SIP in HSBC Short Term Fund with ₹3,000 a month.
What returns has HSBC Short Term Fund given?
HSBC Short Term Fund has returned 4.7% over 1 year, 6.2% over 3 years and 6.3% over 5 years (annualised).
Is there a lock-in or exit load on HSBC Short Term Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 1 month.
How risky is HSBC Short Term Fund?
HSBC Short Term Fund is rated Moderate on the SEBI riskometer and belongs to the Short Duration category.
Which fund house manages HSBC Short Term Fund?
HSBC Short Term Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,44,068 Cr under management.