Markets / Mutual funds / Banking & PSU
HSBC Mutual Fund · Debt fund · Regular plan · IDCW
The investment objective of the Scheme is to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Bars: this plan; the thin mark is the Banking & PSU average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.2 | |||||||||||
| 2025 | -0.0 | -0.3 | +0.5 | +1.3 | -0.0 | -0.6 | +0.6 | -1.2 | -0.0 | +0.2 | -0.1 | -0.5 |
| 2026 | -0.7 | +0.1 | -1.0 | -0.2 | -0.5 | +1.3 | -0.4 | -0.6 | -0.5 | -0.9 | +0.6 |
Each month's change in NAV (the current month to the latest NAV).
Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.
| Share of fund | 31 Oct 2026 | 30 Sept 2026 | Change |
|---|---|---|---|
| Short positions | -0.4% | -0.0% | -0.37 |
| Debt | 75.3% | 76.7% | -1.44 |
| Money market | 16.2% | 16.1% | +0.16 |
| Cash & others | 8.5% | 7.2% | +1.24 |
Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.
| Holding | % of fund |
|---|---|
| PAY_6.4475% &REC_OIS_25/08/31 | 0.03% |
| PAY_6.3450% &REC_OIS_02/06/28 | 0.01% |
| PAY_OIS% &REC_6.64%_15/05/29 | 0.00% |
| Holding | % of fund |
|---|---|
| Net Current Assets (including cash & bank balances) | -0.39% |
| PAY_6.5225% &REC_OIS_22/05/28 | -0.01% |
| Holding | % of fund |
|---|---|
| Treps | 5.99% |
| EXIM Bank** INE514E08GE8 | 3.53% |
| NABARD^ INE261F08EO7 | 3.09% |
| EXIM Bank** INE514E08GD0 | 2.80% |
| Bharti Telecom Limited** INE403D08298 | 2.78% |
| Indian Railway Finance Corporation Ltd** INE053F07BD9 | 2.72% |
| Housing and Urban Development Corp. Ltd.** INE031A08988 | 2.71% |
| 6.94% GOI 11-May-2036 IN0020260025 | 2.70% |
| REC Limited^ INE020B08GF9 | 2.58% |
| Shivshakti Securitisation Trust** INE2I7G15010 | 2.19% |
| EXIM Bank** INE514E08GC2 | 2.09% |
| National Housing Bank** INE557F08GC8 | 2.07% |
| Power Finance Corporation Limited** INE134E08NZ6 | 2.06% |
| REC Limited** INE020B08GD4 | 2.05% |
| Bajaj Finance Limited^ INE296A07TJ4 | 2.04% |
| Housing and Urban Development Corp. Ltd.** INE031A08996 | 2.02% |
| Canara Bank** INE476A16H01 | 1.99% |
| Indian Railway Finance Corporation Ltd** INE053F07AZ4 | 1.77% |
| HDFC Bank Limited** INE040A16IZ6 | 1.71% |
| SIDBI** INE556F08KU4 | 1.43% |
| Tata Capital Ltd** INE976I07DE9 | 1.39% |
| Indian Railway Finance Corporation Ltd** INE053F08320 | 1.39% |
| SIDBI^ INE556F08LB2 | 1.39% |
| SIDBI** INE556F08LC0 | 1.37% |
| NABARD** INE261F08ES8 | 1.37% |
| National Housing Bank** INE557F08GA2 | 1.36% |
| Sun Pharmaceutical Industries Limited** INE044A08023 | 1.35% |
| NABARD^ INE261F08EU4 | 1.35% |
| LIC Housing Finance Limited** INE115A07QZ8 | 1.35% |
| SIDBI^ INE556F08KT6 | 1.34% |
| Embassy Office Parks REIT** INE041007175 | 1.34% |
| Canara Bank** INE476A16G44 | 1.33% |
| Bank of Baroda** INE028A16LE0 | 1.33% |
| Punjab National Bank^ INE160A16UE2 | 1.33% |
| SIDBI** INE556F14MW4 | 1.33% |
| NABARD** INE261F08EP4 | 1.32% |
| Indian Bank** INE562A16QJ6 | 1.32% |
| Punjab National Bank^ INE160A16UV6 | 1.32% |
| Canara Bank^ INE476A16H92 | 1.32% |
| Power Finance Corporation Limited** INE134E08NO0 | 1.25% |
| SIDBI^ INE556F16CJ7 | 1.25% |
| 7.02% Gujarat SDL - 11-Feb-2031 IN1520250284 | 1.13% |
| SIDBI** INE556F08KY6 | 1.10% |
| REC Limited** INE020B08FZ9 | 1.09% |
| 6.53% GOI 07-Sep-2031 IN0020260074 | 1.06% |
| Siddhivinayak Securitisation Trust** INE2I7F15012 | 1.03% |
| 6.48% GOI 06Oct2035 IN0020250091 | 0.89% |
| Indian Railway Finance Corporation Ltd** INE053F07BU3 | 0.83% |
| Power Grid Corporation of India Limited** INE752E08601 | 0.80% |
| National Highways Authority of India** INE906B07GO3 | 0.72% |
| NABARD** INE261F08EM1 | 0.70% |
| Mahindra & Mahindra Financial Serv Ltd.** INE774D07VP7 | 0.70% |
| Power Finance Corporation Limited** INE134E08KL2 | 0.69% |
| Bajaj Finance Limited** INE296A07TW7 | 0.69% |
| Indian Railway Finance Corporation Ltd** INE053F07BA5 | 0.68% |
| NABARD^ INE261F08EL3 | 0.68% |
| REC Limited** INE020B08FL9 | 0.68% |
| 7.72% Maharashtra SDL - 23-Mar-2032 IN2220220239 | 0.68% |
| Embassy Office Parks REIT** INE041007167 | 0.67% |
| REC Limited^ INE020B08FU0 | 0.67% |
| 6.01% GOI 21Jul2030 IN0020250067 | 0.66% |
| 7.06% GOI 27-Jul-2041 IN0020260041 | 0.66% |
| Bank of Baroda** INE028A16LF7 | 0.66% |
| Union Bank of India** INE692A16LP9 | 0.66% |
| REC Limited** INE020B14748 | 0.66% |
| Kotak Mahindra Prime Limited** INE916DA7TJ5 | 0.56% |
| Embassy Office Parks REIT** INE041007183 | 0.49% |
| EXIM Bank** INE514E08GF5 | 0.46% |
| 8.14% Maharashtra SDL - 21-Oct-2041 IN2220260110 | 0.41% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) INF0RQ622028 | 0.38% |
| Power Grid Corporation of India Limited** INE752E07LC0 | 0.28% |
| SIDBI** INE556F08KR0 | 0.27% |
| REC Limited** INE020B08FR6 | 0.14% |
| Power Grid Corporation of India Limited** INE752E07OG5 | 0.14% |
| 7.59% Gujarat SDL - 27-Aug-2041 IN1520260143 | 0.02% |
| 8.03% Karnataka SDL - 14-Oct-2036 IN1920260024 | 0.00% |
From the fund house's monthly portfolio (assetmanagement.hsbc.co.in), as on 31 Oct 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.
Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 30 Nov 2022).
The ranges the fund is allowed to hold, not what it holds today.
| Fund size (average AUM, July - September 2026) | ₹3,782 cr across all plans · this plan ₹0.16 cr |
| Fund house | HSBC Mutual Fund |
| Category | Debt · Banking & PSU |
| Plan | Regular |
| Option | IDCW |
| Expense ratio (TER) | Direct 0.28% · Regular 0.61% (6 Nov 2026) |
| Exit load | Nil |
| Minimum investment | ₹5,000 · additional ₹1,000 |
| Scheme code (AMFI) | 151105 |
| ISIN | INF677K01AI8 |
| NAV date | 6 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹27.3035 | +4.24% |
| Direct · IDCW | ₹11.0297 | -2.79% |
| Direct · IDCW | ₹11.1907 | 0.00% |
| Direct · IDCW | ₹10.3583 | +0.08% |
| Regular · Growth | ₹25.8056 | +3.89% |
| Regular · IDCW | ₹11.1160 | 0.00% |
| Regular · IDCW | ₹10.3257 | +0.03% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| UTI Banking & PSU Debt Fund | +5.53% | +7.20% |
| Franklin India Banking & PSU Debt Fund | +5.23% | +7.06% |
| Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund) | +4.40% | +7.00% |
| Axis Banking and PSU Debt Fund | +4.46% | +6.92% |
| Mirae Asset Banking and PSU Debt Fund | +4.06% | +6.89% |
| Kotak Banking and PSU Debt Fund | +4.41% | +6.86% |
| Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund) | +4.23% | +6.85% |
| Edelweiss Banking and PSU Debt Fund | +3.91% | +6.79% |
Information only, not investment advice.
₹10.2050 as of 6 Nov 2026, from AMFI's official NAV data.
1 year: -3.63%, 3 years: -1.41% a year
Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.