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Mutual fundsSIF

HSBC Ultra Short to Short Term Fund - Direct Plan - IDCW

NAVs of 6 Nov 2026

HSBC Mutual Fund · Debt fund · Direct plan · IDCW

Ultra Short DurationDirect · IDCWRisk: Low to Moderate
NAV · 5 Nov 2026
₹11.0832 ▲ 0.05%
HSBC Mutual Fund
Fund size₹937 crJuly - September 2026
1-month range₹11.05 – 11.08
1 year+0.16%
Expense ratio0.40%direct plan, a year
5 years–a year

What the fund does

To provide liquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

BenchmarkNIFTY Low Duration Debt Index A-I
Launched4 Dec 2010
Fund houseHSBC Mutual Fund
Fund managersFM 1 - Shriram RamanathanFM 2 - Mohd Asif Rizwi

NAV history

111111 2026-08-102026-08-212026-09-042026-09-182026-10-012026-10-152026-10-29

Returns

1 week
+0.26%avg 0.3%
1 month
+0.09%avg 0.4%
3 months
+0.05%avg 1.1%
6 months
+0.16%avg 3.0%
This year
+0.22%avg 4.9%
1 year
+0.16%avg 5.8%
3 years (a year)
+0.04%avg 7.1%

Bars: this plan; the thin mark is the Ultra Short Duration average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024-0.0
2025+0.0-0.0+0.2+0.9-1.0-0.1+0.6-0.6-0.0+0.0+0.0+0.0
2026-0.0-0.0+0.1-0.2+0.2+0.1-0.1+0.0+0.0-0.0+0.2

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

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.

Portfolio as on 31 Oct 2026

Holdings3739 lines in all
Top 10 holdings46.4%of the fund
Debt58.5%bonds, government securities
Money market32.6%CDs, CPs, treasury bills

Where the money is

Debt 58.5%Money market 32.6%Cash & others 8.9%Short -0.1%

Credit quality (debt and money market)

AAA
33.4%
A1+
28.9%
Sovereign
13.3%
AA+
7.2%
AA
4.5%
AA-
3.8%

Changes since 30 Sept 2026

Share of fund31 Oct 202630 Sept 2026Change
Short positions-0.1%-0.3%+0.21
Debt58.5%61.9%-3.39
Money market32.6%28.2%+4.39
Cash & others8.9%9.9%-1.00

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.

Short positions 1

HoldingSector / type% of fund
Net Current Assets (including cash & bank balances)–-0.06%

Bonds, money market and cash 38

HoldingSector / type% of fund
7.38% GOI MAT 20-Jun-2027
IN0020220037		SOVEREIGN6.39%
Power Finance Corporation Limited**
INE134E08JC3		CRISIL AAA6.35%
Punjab National Bank^
INE160A16UE2		CARE A1+6.08%
EXIM Bank^
INE514E16CP6		CRISIL A1+6.05%
NABARD^
INE261F08EI9		ICRA AAA4.97%
182 Days Treasury Bill 19-Nov-2026
IN002026Y071		SOVEREIGN3.71%
Vedanta Limited**
INE205A08046		CRISIL AA+3.23%
GOI Floating Rate FRB 22-Sep-2033
IN0020200120		SOVEREIGN3.23%
Larsen & Toubro Limited**
INE018A08BE9		CRISIL AAA3.21%
360 ONE Prime Limited**
INE248U07FW5		ICRA AA3.20%
LIC Housing Finance Limited**
INE115A07LU0		CRISIL AAA3.20%
NABARD**
INE261F08ET6		CRISIL AAA3.15%
LIC Housing Finance Limited**
INE115A07QM6		CRISIL AAA3.12%
SIDBI^
INE556F08KT6		CRISIL AAA3.07%
Canara Bank**
INE476A16G44		CRISIL A1+3.04%
HDFC Bank Limited**
INE040A16JC3		CRISIL A1+3.03%
Union Bank of India**
INE692A16LS3		ICRA A1+3.01%
ICICI Bank Limited^
INE090AD6303		ICRA A1+3.01%
SIDBI^
INE556F16CJ7		CARE A1+2.87%
Liquid Gold Series 18**
INE2R5L15013		CRISIL AAA(SO)2.03%
Piramal Finance Ltd**
INE516Y07519		ICRA AA+2.00%
Treps–1.98%
LIC Housing Finance Limited**
INE115A07QO2		CRISIL AAA1.92%
REC Limited**
INE020B08GB8		CRISIL AAA1.92%
MAS Financial Services Limited**
INE348L07324		CARE AA-1.91%
Mindspace Business Parks REIT**
INE0CCU07090		CRISIL AAA1.87%
REC Limited^
INE020B08FF1		ICRA AAA1.87%
IndusInd Bank Limited**
INE095A168C9		CRISIL A1+1.83%
Hinduja Leyland Finance Ltd.**
INE146O07557		CRISIL AA+1.29%
Indostar Capital Finance Limited**
INE896L07AL4		CARE AA-1.28%
Aditya Birla Real Estate Limited**
INE055A08052		CRISIL AA1.25%
Liquid Gold Series 24**
INE2ZXW15019		CRISIL AAA(SO)1.17%
Liquid Gold Series 14**
INE2JYU15015		CRISIL AAA(SO)0.81%
Embassy Office Parks REIT**
INE041007183		CRISIL AAA0.74%
Indostar Capital Finance Limited**
INE896L07AR1		CARE AA-0.65%
EXIM Bank**
INE514E08GB4		CRISIL AAA0.65%
Motilal Oswal Finvest Ltd.**
INE01WN07128		CRISIL AA+0.63%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)
INF0RQ622028		AIF0.34%

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.

Risk

Volatility2.0%yearly, from daily NAVs
Worst fall-2.00%23 May 2025 → 21 May 2026
RiskometerLow to ModerateLow to Moderate

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).

Fund details

Fund size (average AUM, July - September 2026)₹937 cr across all plans · this plan ₹5.73 cr
Fund houseHSBC Mutual Fund
CategoryDebt · Ultra Short Duration
PlanDirect
OptionIDCW
Expense ratio (TER)Direct 0.40% · Regular 0.96% (5 Nov 2026)
Exit loadNil (w.e.f. July 9, 2020)
Minimum investment₹5,000 · additional ₹1,000
Scheme code (AMFI)151116
ISININF917K01E60
NAV date5 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · Growth₹32.8659+6.01%
Direct · IDCW₹10.6950-2.61%
Regular · Growth₹30.9531+5.57%
Regular · IDCW₹10.3694+0.15%
Regular · IDCW₹10.4877-2.61%

Top Ultra Short Duration funds (direct plans)

Fund1 year3 years (a year)
HSBC Ultra Short to Short Term Fund+6.01%+7.76%
Nippon India Ultra Short Term Fund+6.89%+7.54%
Aditya Birla Sun Life Ultra Short Term Fund+6.47%+7.44%
Nippon India Ultra Short to Short Term Fund+6.16%+7.41%
Axis Ultra Short Term Fund+6.67%+7.41%
Axis Ultra Short to Short Term Fund+6.11%+7.40%
Kotak Ultra Short to Short Term Fund+5.89%+7.39%
ICICI Prudential Ultra Short to Short Term Fund+6.09%+7.38%

All Ultra Short Duration funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of HSBC Ultra Short to Short Term Fund - Direct Plan - IDCW today?

₹11.0832 as of 5 Nov 2026, from AMFI's official NAV data.

What are the returns of HSBC Ultra Short to Short Term Fund - Direct Plan - IDCW?

1 year: 0.16%, 3 years: 0.04% a year

What is the difference between direct and regular plans?

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.