HSBC Short Term Fund
Short DurationLow to ModerateOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.26+0.08%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹27.11 — ₹28.24
- AUM
- ₹3,821 Cr
HSBC Short Term Fund is a Short Duration debt fund from HSBC Mutual Fund with ₹3,821 Cr under management, launched in 2011. Over three years it has returned 5.9% a year, against 6.7% for its category. The expense ratio is 0.70% and the SEBI riskometer reading is Low to 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 +4.2% against +4.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.3% | 0.0 pts | 4.3% | 4.5% |
| 2Y | 5.1% | 0.0 pts | 5.1% | 5.2% |
| 3Y | 5.9% | −0.8 pts | 6.7% | 6.0% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 6.3% |
| 7Y | 5.9% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 6.1% | −0.1 pts | 6.2% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | −0.1 pts | 0.5% | 0.5% |
| 3M | 0.3% | −0.1 pts | 0.4% | 0.4% |
| 6M | 2.6% | −0.1 pts | 2.6% | 2.7% |
| 1Y | 4.2% | −0.1 pts | 4.3% | 4.3% |
| 2Y | 6.2% | +0.1 pts | 6.0% | 6.2% |
| 3Y | 6.7% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 5.7% | −0.3 pts | 6.0% | 5.8% |
| 7Y | 5.9% | −0.3 pts | 6.2% | 6.0% |
| 10Y | 6.3% | +0.1 pts | 6.2% | 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 6 Nov 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.
Low to Moderate
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 | 0.61 | 0.83 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.04 | 1.36 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.46 | 1.37 | 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 30 Sep 2026
Asset allocation
- Debt96.9%
- Other3.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 4.63% | ₹180 Cr | +3.42% | +1.98% | +7.38% |
| National Bank For Agriculture & Rural Development | Financial | 4.13% | ₹160 Cr | +5.04% | +6.58% | +0.72% |
| Others | Others | 3.10% | ₹121 Cr | +0.93% | +1.02% | +0.87% |
| GOI | Sovereign | 2.99% | ₹116 Cr | +0.63% | +0.80% | +2.37% |
| Embassy Office Parks REIT | Construction | 2.94% | ₹114 Cr | +0.72% | +0.80% | +4.52% |
| Mindspace Business Parks REIT | Construction | 2.82% | ₹109 Cr | +2.84% | +3.14% | +2.24% |
| LIC Housing Finance Ltd. | Financial | 2.81% | ₹109 Cr | +1.83% | +0.81% | +3.51% |
| Shivshakti Securitisation Trust | Others | 2.58% | ₹100 Cr | +2.45% | +2.72% | +2.36% |
| Power Finance Corporation Ltd. | Financial | 2.53% | ₹97.94 Cr | +2.22% | +1.32% | +1.20% |
| Reliance Industries Ltd. | Energy | 2.41% | ₹93.28 Cr | +2.58% | +2.78% | +2.52% |
| Bajaj Finance Ltd. | Financial | 2.24% | ₹86.72 Cr | +3.63% | +6.36% | +5.28% |
| REC Ltd. | Financial | 2.16% | ₹84.07 Cr | -0.08% | +0.12% | +2.40% |
| NTPC Ltd. | Energy | 2.08% | ₹80.76 Cr | +0.64% | +0.69% | +0.58% |
| Hindustan Zinc Ltd. | Metals & Mining | 2.01% | ₹77.86 Cr | +1.83% | +1.97% | +1.77% |
| Kotak Mahindra Prime Ltd. | Financial | 1.94% | ₹75.28 Cr | +2.56% | +2.78% | +2.30% |
| Bajaj Housing Finance Ltd. | Financial | 1.93% | ₹75.04 Cr | +2.34% | +2.76% | +2.32% |
| Export-Import Bank Of India | Financial | 1.92% | ₹74.76 Cr | +2.28% | +1.32% | +1.20% |
| Tamilnadu State | Others | 1.48% | ₹57.26 Cr | +1.32% | +1.35% | — |
| Larsen & Toubro Ltd. | Construction | 1.46% | ₹56.85 Cr | +1.34% | — | — |
| Tata Capital Ltd. | Financial | 1.32% | ₹51.19 Cr | +1.20% | — | — |
| Karnataka State | Others | 1.30% | ₹50.53 Cr | +0.62% | +0.69% | +0.23% |
| Maharashtra State | Others | 1.30% | ₹50.37 Cr | +0.61% | +1.51% | +1.16% |
| National Highways Authority of India Ltd. | Services | 1.30% | ₹50.64 Cr | +0.64% | — | +1.16% |
| Sundaram Finance Ltd. | Financial | 1.29% | ₹50.15 Cr | +1.14% | +3.65% | +1.20% |
| Ultratech Cement Ltd. | Materials | 1.29% | ₹49.88 Cr | — | — | — |
| Reserve Bank of India | Financial | 1.28% | ₹49.49 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.27% | ₹49.11 Cr | +1.15% | +1.25% | — |
| Bank Of Baroda | Financial | 1.25% | ₹48.56 Cr | +1.13% | +1.23% | — |
| Punjab National Bank | Financial | 1.25% | ₹48.60 Cr | +1.14% | +1.23% | — |
| Indian Bank | Financial | 1.16% | ₹44.95 Cr | — | — | — |
| Radhakrishna Securitisation Trust | Others | 1.11% | ₹42.92 Cr | +1.05% | +1.16% | +0.45% |
| Bharti Telecom Ltd. | Communication | 0.70% | ₹27.05 Cr | +0.63% | +0.69% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.70% | ₹27.29 Cr | +0.63% | +0.68% | +0.61% |
| Jio Credit Ltd. | Financial | 0.66% | ₹25.62 Cr | +0.60% | +0.65% | +0.92% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.66% | ₹25.68 Cr | +0.60% | — | — |
| National Housing Bank | Financial | 0.66% | ₹25.76 Cr | +1.06% | +0.98% | +1.16% |
| Canara Bank | Financial | 0.63% | ₹24.26 Cr | +0.57% | +1.31% | — |
| India Universal Trust AL1 | Others | 0.63% | ₹24.37 Cr | +0.72% | +0.86% | +0.87% |
| Siddhivinayak Securitisation Trust | Others | 0.62% | ₹23.90 Cr | +0.59% | +0.65% | +0.56% |
| Union Bank of India | Financial | 0.62% | ₹24.25 Cr | — | — | — |
| Gujarat State | Construction | 0.08% | ₹3.07 Cr | +0.63% | +0.67% | +1.04% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| NTPC Ltd. | 0.65% | 2.08% | +1.43% |
| National Bank For Agriculture & Rural Development | 0.26% | 1.56% | +1.30% |
| Reserve Bank of India | 0.00% | 1.28% | +1.28% |
| Gujarat State | 1.29% | 0.08% | -1.21% |
| Bajaj Finance Ltd. | 1.32% | 0.67% | -0.65% |
| Kotak Mahindra Prime Ltd. | 1.30% | 0.65% | -0.65% |
| Export-Import Bank Of India | 1.25% | 0.67% | -0.58% |
| National Housing Bank | 1.15% | 0.66% | -0.49% |
| GOI | 3.30% | 2.99% | -0.31% |
| Indian Railway Finance Corporation Ltd. | 0.96% | 0.70% | -0.26% |
| Power Finance Corporation Ltd. | 1.20% | 1.33% | +0.13% |
| Shivshakti Securitisation Trust | 2.67% | 2.58% | -0.09% |
| India Universal Trust AL1 | 0.71% | 0.63% | -0.08% |
| Indian Bank | 1.22% | 1.16% | -0.06% |
| Maharashtra State | 1.36% | 1.30% | -0.06% |
| Radhakrishna Securitisation Trust | 1.14% | 1.11% | -0.03% |
| Siddhivinayak Securitisation Trust | 0.64% | 0.62% | -0.02% |
| Bajaj Housing Finance Ltd. | 1.28% | 1.27% | -0.01% |
| Canara Bank | 0.62% | 0.63% | +0.01% |
| Karnataka State | 1.31% | 1.30% | -0.01% |
| Kotak Mahindra Bank Ltd. | 1.26% | 1.27% | +0.01% |
| Mindspace Business Parks REIT | 1.29% | 1.28% | -0.01% |
| Tamilnadu State | 1.49% | 1.48% | -0.01% |
| Tata Capital Ltd. | 1.31% | 1.32% | +0.01% |
| Others | 0.34% | 0.35% | +0.01% |
| Hindustan Zinc Ltd. | 2.00% | 2.01% | +0.01% |
| REC Ltd. | 0.00% | 0.01% | +0.01% |
| Bank Of Baroda | 1.25% | 1.25% | 0.00% |
| Bharti Telecom Ltd. | 0.70% | 0.70% | 0.00% |
| Embassy Office Parks REIT | 0.39% | 0.39% | 0.00% |
| Jio Credit Ltd. | 0.66% | 0.66% | 0.00% |
| LIC Housing Finance Ltd. | 0.67% | 0.67% | 0.00% |
| Larsen & Toubro Ltd. | 1.46% | 1.46% | 0.00% |
| Mahindra & Mahindra Financial Services Ltd. | 0.66% | 0.66% | 0.00% |
| National Highways Authority of India Ltd. | 1.30% | 1.30% | 0.00% |
| Punjab National Bank | 1.25% | 1.25% | 0.00% |
| Reliance Industries Ltd. | 1.41% | 1.41% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 2.06% | 2.06% | 0.00% |
| Sundaram Finance Ltd. | 1.29% | 1.29% | 0.00% |
| Ultratech Cement Ltd. | 1.29% | 1.29% | 0.00% |
| Union Bank of India | 0.62% | 0.62% | 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 | ₹7,266 Cr | 0.78% | 5.1% | 6.3% | 6.6% |
 ICICI Prudential Short Term Fund | ₹18,468 Cr | 1.03% | 4.7% | 6.3% | 6.7% |
 Bandhan Short Term Fund | ₹8,628 Cr | 0.86% | 5.3% | 6.4% | 6.6% |
 Axis Short Term Fund | ₹7,395 Cr | 0.95% | 5.0% | 6.5% | 6.7% |
 Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund | ₹1,651 Cr | 0.33% | 6.0% | — | — |
 Sundaram Short Term Fund | ₹190 Cr | 0.73% | 4.7% | 6.0% | 6.3% |
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 months2.57% absolute | ₹60,000 | ₹61,542 | 2.57% | |
| 1 year4.19% annualised | ₹1,20,000 | ₹1,22,759 | 2.30% | |
| 3 years6.72% annualised | ₹3,60,000 | ₹3,99,853 | 11.07% | |
| 5 years5.70% annualised | ₹6,00,000 | ₹6,95,636 | 15.94% |
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 ₹28.26 as on 9 Nov 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 4.3% over 1 year, 5.9% over 3 years and 6.2% 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 Low to 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 ₹1,58,065 Cr under management.