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HSBC Ultra Short Term Fund

Ultra Short DurationLow to ModerateOPEN-ENDED
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NAV as on 9 Nov 2026
₹1,471.07+0.07%1 day
Return since launch
5.8%
52-week range
₹1,383.64 — ₹1,470.05
AUM
₹2,705 Cr

HSBC Ultra Short Term Fund is a Ultra Short Duration debt fund from HSBC Mutual Fund with ₹2,705 Cr under management, launched in 2020. Over three years it has returned 6.7% a year, against 6.6% for its category. The expense ratio is 0.38% and the SEBI riskometer reading is Low to Moderate.

Performance

HSBC Ultra Short Term Fund NAV and returns

Growth of the fund against its category average over the period you pick.

Over 1Y this fund returned +6.2% against +6.1% for its category.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y6.3%+0.3 pts6.0%6.2%
2Y6.5%+0.4 pts6.1%6.3%
3Y6.7%+0.1 pts6.6%6.5%
5Y6.7%+0.7 pts6.0%6.5%

Fund against category

1Y
Fund6.3%
Category6.0%
3Y
Fund6.7%
Category6.6%
5Y
Fund6.7%
Category6.0%

Since launch (14 Jan 2020): 5.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20257.0%−0.3 pts7.2%
20247.4%−0.3 pts7.6%
20237.0%−0.2 pts7.2%
20224.5%−0.3 pts4.8%
20213.4%−0.7 pts4.1%

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

0.38%

Expense ratio as on 6 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
0.31%
Brokerage
0.02%
Transaction charges
0.00%
Statutory levies
0.05%
Exit load
0%
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
NIFTY Ultra Short Duration Debt Index A-I

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.

Risk ratios
RatioFundCategory avgRead 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.
Sharpe2.47—Return earned for each unit of total risk taken. Higher is better.
Sortino3.39—Return earned for each unit of downside risk. Higher is better.
Std. deviation0.46—How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

HSBC Ultra Short Term Fund portfolio

Portfolio as of 30 Sep 2026

Asset allocation

  • Debt99.0%
  • Other1.0%

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
Small Industries Devp. Bank of India Ltd.Financial5.26%₹144 Cr+0.80%+4.12%+2.02%
National Bank For Agriculture & Rural DevelopmentFinancial4.53%₹124 Cr+2.66%+5.74%+4.08%
Bharti Telecom Ltd.Communication3.89%₹106 Cr+1.36%+3.01%+1.87%
LIC Housing Finance Ltd.Financial3.82%₹104 Cr+2.88%+4.14%+3.92%
Bajaj Finance Ltd.Financial3.78%₹103 Cr+1.35%——
Mindspace Business Parks REITConstruction3.64%₹99.49 Cr+4.16%+5.22%+5.00%
Reserve Bank of IndiaFinancial3.63%₹99.19 Cr+2.05%+4.03%+2.99%
HDFC Bank Ltd.Financial3.59%₹98.08 Cr+1.34%+1.92%+1.98%
Punjab National BankFinancial3.57%₹97.71 Cr——+2.14%
ICICI Securities Ltd.Financial3.56%₹97.24 Cr+1.32%+1.90%+1.95%

Sectors

  • Financial96.3%
  • Construction4.8%
  • Communication3.9%

Instruments

  • Certificate of Deposit48.2%
  • Commercial Paper24.0%
  • Treasury Bills12.7%
  • Non Convertible Debenture6.6%
  • Debenture6.0%
  • Bonds/NCDs3.8%
  • Bonds3.8%
  • Alternative Investment Fund0.4%

Recent changes

HoldingFromToWeight
REC Ltd.0.01%3.55%+3.54%
company:56552.71%0.00%-2.71%
Panatone Finvest Ltd0.00%2.69%+2.69%
National Bank For Agriculture & Rural Development1.34%3.58%+2.24%
ICICI Securities Ltd.1.33%3.56%+2.23%
Reserve Bank of India5.50%3.63%-1.87%
Export-Import Bank Of India0.00%1.79%+1.79%
Bharti Telecom Ltd.2.91%3.89%+0.98%
Bajaj Finance Ltd.2.84%3.78%+0.94%
L&T Finance Ltd.2.67%3.56%+0.89%
Mahindra & Mahindra Financial Services Ltd.2.66%3.55%+0.89%
HDFC Bank Ltd.2.71%3.59%+0.88%
Small Industries Devp. Bank of India Ltd.2.61%3.48%+0.87%
Punjab National Bank2.71%3.57%+0.86%
LIC Housing Finance Ltd.1.46%1.95%+0.49%
Bajaj Housing Finance Ltd.1.43%1.90%+0.47%
Axis Bank Ltd.1.33%1.78%+0.45%
Bank Of Baroda1.34%1.79%+0.45%
ICICI Bank Ltd.1.34%1.79%+0.45%
Kotak Mahindra Bank Ltd.1.35%1.80%+0.45%
Mindspace Business Parks REIT1.38%1.82%+0.44%
Canara Bank1.30%1.74%+0.44%
Indian Bank2.03%1.79%-0.24%
Embassy Office Parks REIT0.70%0.92%+0.22%
Others0.29%0.38%+0.09%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹1,099 Cr0.29%6.6%——
Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund₹2,407 Cr0.37%6.7%——
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund₹1,986 Cr0.25%6.8%——
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund₹575 Cr0.18%6.7%——
Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund₹359 Cr0.36%6.4%——
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund₹170 Cr0.27%6.6%——
See all Ultra Short Duration funds

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The scheme seeks to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & 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.
  • Rahul TotlaMr. Totla is an MBA (Finance)Prior to joining Edelweiss AMC he has worked with Godfrey Philips India.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months3.22% absolute₹60,000₹61,9323.22%
1 year6.27% annualised₹1,20,000₹1,24,1553.46%
3 years6.93% annualised₹3,60,000₹4,01,18511.44%
5 years6.37% annualised₹6,00,000₹7,08,11418.02%

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 Ultra Short Term Fund?
The NAV of HSBC Ultra Short Term Fund is ₹1,471.07 as on 9 Nov 2026.
What is the expense ratio of HSBC Ultra Short Term Fund?
The expense ratio of HSBC Ultra Short Term Fund is 0.38% per year.
What is the minimum SIP amount for HSBC Ultra Short Term Fund?
You can start a SIP in HSBC Ultra Short Term Fund with ₹3,000 a month.
What returns has HSBC Ultra Short Term Fund given?
HSBC Ultra Short Term Fund has returned 6.3% over 1 year, 6.7% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on HSBC Ultra Short Term Fund?
Lock-in: None. Exit load: 0%.
How risky is HSBC Ultra Short Term Fund?
HSBC Ultra Short Term Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Ultra Short Duration category.
Which fund house manages HSBC Ultra Short Term Fund?
HSBC Ultra Short Term Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,58,065 Cr under management.