Markets / Mutual funds / Credit Risk
HSBC Mutual Fund · Debt fund · Direct plan · IDCW
To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments. 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 Credit Risk average (direct 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 | +0.5 | |||||||||||
| 2025 | +0.8 | +0.5 | -6.7 | +1.2 | +12.1 | +0.2 | +0.6 | +0.2 | +0.6 | +0.7 | +0.5 | +0.4 |
| 2026 | +0.2 | +0.8 | -7.9 | +0.6 | +0.3 | +1.5 | +0.4 | +0.5 | +0.4 | -0.1 | +0.5 |
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 | -0.2% | -0.2% | +0.01 |
| Debt | 92.8% | 92.6% | +0.24 |
| Money market | 0.0% | 0.0% | 0.00 |
| Cash & others | 7.2% | 7.4% | -0.24 |
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 |
|---|---|
| Net Current Assets (including cash & bank balances) | -0.16% |
| Holding | % of fund |
|---|---|
| Nuvoco Vistas Corporation Limited** INE118D08078 | 7.95% |
| 6.01% GOI 21Jul2030 IN0020250067 | 6.71% |
| JTPM Metal Traders** INE02PE08036 | 6.16% |
| Nirma Limited** INE091A07208 | 6.04% |
| Power Finance Corporation Limited** INE134E08OC3 | 5.89% |
| Power Grid Corporation of India Limited** INE752E07OG5 | 5.77% |
| Aditya Birla Renewables Limited** INE01QP08016 | 5.75% |
| Godrej Seeds & Genetics Limited** INE316Z08048 | 5.73% |
| JSW Kalinga Steel Ltd** INE2QI808033 | 4.75% |
| GMR Airports Limited** INE776C08083 | 3.75% |
| Vedanta Limited** INE205A08046 | 3.58% |
| MAS Financial Services Limited** INE348L07324 | 3.52% |
| Delhi International Airport Limited** INE657H08035 | 3.47% |
| Aditya Birla Digital Fashion Venture Ltd** INE0M8D08016 | 3.46% |
| Indostar Capital Finance Limited** INE896L07AR1 | 2.39% |
| GOI Floating Rate FRB 22-Sep-2033 IN0020200120 | 2.38% |
| Indostar Capital Finance Limited** INE896L07AL4 | 2.36% |
| Aditya Birla Real Estate Limited** INE055A08052 | 2.31% |
| CEDRIC** INE32I815018 | 2.29% |
| Krazybee Services Limited** INE07HK07874 | 2.14% |
| Cube Highway Trust INE0NR623014 | 1.91% |
| Dhruva XXIV** INE1AC715019 | 1.90% |
| Indigo 053** INE2YSJ15019 | 1.74% |
| IRB InvIT Fund INE183W23014 | 1.60% |
| National Highways Infra Trust INE0H7R23014 | 1.54% |
| Raajmarg Infra Investment Trust INE2PB023011 | 1.23% |
| 6.36% GOI 16-Feb-2031 IN0020250141 | 1.12% |
| 6.48% GOI 06Oct2035 IN0020250091 | 1.08% |
| Treps | 0.62% |
| Vajra 011 Trust** INE116015012 | 0.58% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) INF0RQ622028 | 0.44% |
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) | ₹458 cr across all plans · this plan ₹0.32 cr |
| Fund house | HSBC Mutual Fund |
| Category | Debt · Credit Risk |
| Plan | Direct |
| Option | IDCW |
| Expense ratio (TER) | Direct 0.84% · Regular 1.66% (6 Nov 2026) |
| Exit load | Units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. Units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. Units redeemed or switched on or after 1 year from the date of allotment –Nil. |
| Minimum investment | ₹5,000 · additional ₹1,000 |
| Scheme code (AMFI) | 151047 |
| ISIN | INF917K01UL0 |
| 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 | ₹37.9793 | +5.98% |
| Direct · IDCW | ₹12.2269 | -1.49% |
| Regular · Growth | ₹34.6989 | +5.23% |
| Regular · IDCW | ₹34.1495 | +5.23% |
| Regular · IDCW | ₹11.1056 | -2.35% |
| Regular · IDCW | ₹12.5830 | -3.51% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| DSP Credit Risk Fund | +10.66% | +13.82% |
| Aditya Birla Sun Life Credit Risk Fund | +11.54% | +13.06% |
| HSBC Credit Risk Fund | +5.98% | +11.67% |
| ICICI Prudential Credit Risk Fund | +7.41% | +8.99% |
| Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) | +7.36% | +8.87% |
| Invesco India Credit Risk Fund | +7.12% | +8.87% |
| SBI CREDIT RISK FUND | +7.54% | +8.52% |
| Kotak Credit Risk Fund | +6.47% | +8.46% |
Information only, not investment advice.
₹13.7749 as of 6 Nov 2026, from AMFI's official NAV data.
1 year: -2.50%, 3 years: 2.49% 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.