HSBC Ultra Short Term Fund
- NAV as on 24 Sep 2026
- ₹1,461.93-0.02%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹1,373.30 — ₹1,462.17
- AUM
- ₹3,628 Cr
HSBC Ultra Short Term Fund is a Ultra Short Duration debt fund from HSBC Mutual Fund with ₹3,628 Cr under management, launched in 2020. Over three years it has returned 6.8% a year, against 6.7% 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 +6.5% 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 | 6.8% | +0.6 pts | 6.1% | 6.5% |
| 2Y | 6.7% | +0.4 pts | 6.3% | 6.5% |
| 3Y | 6.8% | +0.2 pts | 6.7% | 6.7% |
| 5Y | 6.8% | +0.8 pts | 6.0% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | 0.0 pts | 1.6% | 1.6% |
| 6M | 3.6% | +0.1 pts | 3.5% | 3.5% |
| 1Y | 6.4% | +0.3 pts | 6.1% | 6.3% |
| 2Y | 6.9% | +0.3 pts | 6.5% | 6.7% |
| 3Y | 7.0% | +0.3 pts | 6.7% | 6.8% |
| 5Y | 6.3% | +0.3 pts | 6.0% | 6.1% |
Since launch (14 Jan 2020): 5.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.3 pts | 7.2% |
| 2024 | 7.4% | −0.3 pts | 7.6% |
| 2023 | 7.0% | −0.2 pts | 7.2% |
| 2022 | 4.5% | −0.3 pts | 4.8% |
| 2021 | 3.4% | −0.7 pts | 4.1% |
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 23 Sep 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.
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 | 2.59 | — | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.78 | — | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.42 | — | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HSBC Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt97.2%
- Other2.8%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Reserve Bank of India | Financial | 5.50% | ₹199 Cr | +1.41% | +1.71% | +1.67% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.31% | ₹193 Cr | +2.98% | +3.54% | +1.84% |
| LIC Housing Finance Ltd. | Financial | 4.30% | ₹156 Cr | +4.41% | +5.31% | +4.98% |
| Mindspace Business Parks REIT | Construction | 3.48% | ₹126 Cr | +2.84% | +4.46% | +4.24% |
| Others | Others | 3.05% | ₹111 Cr | +0.75% | +0.93% | +0.87% |
| Bharti Telecom Ltd. | Communication | 2.91% | ₹106 Cr | +1.38% | +2.57% | +2.54% |
| Bajaj Finance Ltd. | Financial | 2.84% | ₹103 Cr | +1.37% | — | +0.89% |
| HDFC Bank Ltd. | Financial | 2.71% | ₹98.18 Cr | +1.36% | +1.65% | +3.35% |
| Punjab National Bank | Financial | 2.71% | ₹98.16 Cr | +1.39% | — | +1.82% |
| Union Bank of India | Financial | 2.71% | ₹98.25 Cr | +2.78% | +1.71% | +2.49% |
| L&T Finance Ltd. | Financial | 2.67% | ₹96.83 Cr | — | — | — |
| company:4789 | Financial | 2.66% | ₹96.59 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 2.05% | ₹74.47 Cr | +2.70% | +4.92% | +5.56% |
| Indian Bank | Financial | 2.03% | ₹73.63 Cr | +2.04% | +2.57% | — |
| Bajaj Housing Finance Ltd. | Financial | 1.43% | ₹51.75 Cr | — | +1.81% | +0.88% |
| Kotak Mahindra Bank Ltd. | Financial | 1.35% | ₹48.84 Cr | +1.35% | +1.64% | — |
| Bank Of Baroda | Financial | 1.34% | ₹48.69 Cr | +2.05% | +2.48% | +2.50% |
| ICICI Bank Ltd. | Financial | 1.34% | ₹48.53 Cr | +1.35% | +1.63% | — |
| Axis Bank Ltd. | Financial | 1.33% | ₹48.40 Cr | +1.37% | +1.65% | +1.61% |
| ICICI Securities Ltd. | Financial | 1.33% | ₹48.36 Cr | +1.34% | +2.60% | +1.65% |
| Canara Bank | Financial | 1.30% | ₹47.20 Cr | +0.68% | +2.91% | +1.67% |
| Embassy Office Parks REIT | Construction | 0.91% | ₹32.88 Cr | +4.24% | +5.12% | +1.72% |
| company:4975 | Financial | 0.01% | ₹0.15 Cr | 0.00% | 0.00% | +1.78% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Export-Import Bank Of India | 3.69% | 0.00% | -3.69% |
| company:4789 | 0.00% | 2.66% | +2.66% |
| Sundaram Home Finance Ltd. | 2.38% | 0.00% | -2.38% |
| Small Industries Devp. Bank of India Ltd. | 0.44% | 2.61% | +2.17% |
| Indian Bank | 3.67% | 2.03% | -1.64% |
| Bharti Telecom Ltd. | 1.49% | 2.91% | +1.42% |
| Bajaj Finance Ltd. | 1.48% | 2.84% | +1.36% |
| Union Bank of India | 1.47% | 2.71% | +1.24% |
| Mindspace Business Parks REIT | 2.28% | 1.38% | -0.90% |
| Bank Of Baroda | 2.21% | 1.34% | -0.87% |
| Reserve Bank of India | 5.97% | 5.50% | -0.47% |
| HDFC Bank Ltd. | 2.94% | 2.71% | -0.23% |
| L&T Finance Ltd. | 2.90% | 2.67% | -0.23% |
| Punjab National Bank | 2.94% | 2.71% | -0.23% |
| Axis Bank Ltd. | 1.47% | 1.33% | -0.14% |
| Bajaj Housing Finance Ltd. | 1.55% | 1.43% | -0.12% |
| LIC Housing Finance Ltd. | 1.58% | 1.46% | -0.12% |
| ICICI Securities Ltd. | 1.45% | 1.33% | -0.12% |
| National Bank For Agriculture & Rural Development | 1.46% | 1.34% | -0.12% |
| Canara Bank | 1.41% | 1.30% | -0.11% |
| ICICI Bank Ltd. | 1.45% | 1.34% | -0.11% |
| Kotak Mahindra Bank Ltd. | 1.46% | 1.35% | -0.11% |
| Embassy Office Parks REIT | 0.76% | 0.70% | -0.06% |
| India Universal Trust AL1 | 0.04% | 0.00% | -0.04% |
| Others | 0.31% | 0.29% | -0.02% |
| company:4975 | 0.00% | 0.01% | +0.01% |
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 | ₹1,308 Cr | 0.30% | 7.1% | — | — |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.1% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
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.
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 months3.60% absolute | ₹60,000 | ₹62,160 | 3.60% | |
| 1 year6.44% annualised | ₹1,20,000 | ₹1,24,269 | 3.56% | |
| 3 years7.00% annualised | ₹3,60,000 | ₹4,01,630 | 11.56% | |
| 5 years6.31% annualised | ₹6,00,000 | ₹7,06,985 | 17.83% |
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.