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HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)
HSBC Mutual Fund · Domestic FoF · Regular plan, growth option
NAV (₹), 1 Oct 2026
22.7378
1-day change
-0.03%
1Y return
4.7%
3Y CAGR
6.8%
5Y CAGR
5.5%
Max drawdown, 5Y
−3.2%
NAV history month-end NAV, ₹ · 5 May 2014 to 1 Oct 2026
Returns vs Domestic FoF median (159 schemes) and “Income plus arbitrage FoF” median (24)
| Period | Scheme | Category median | Income plus arbitrage FoF median |
|---|---|---|---|
| 1 month | 0.1% | -3.7% | 0.2% |
| 3 months | 0.8% | -1.1% | 0.8% |
| 6 months | 2.7% | 3.0% | 3.0% |
| Year to date | 3.5% | 1.8% | 3.8% |
| 1 year | 4.7% | 4.9% | 5.2% |
| 3 years (CAGR) | 6.8% | 12.3% | 7.5% |
| 5 years (CAGR) | 5.5% | 9.8% | 6.1% |
| 7 years (CAGR) | 6.1% | 13.3% | 8.5% |
| 10 years (CAGR) | 5.9% | 11.0% | 7.2% |
| Since first NAV (CAGR) | 6.8% | – | – |
“Income plus arbitrage FoF” is MFIC's grouping of Domestic FoF schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.5% | 8.6% |
| 3Y rolling median | 6.3% | 12.8% |
| 3Y rolling worst | 3.4% | 4.8% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 6.0% | 10.8% |
| 5Y rolling worst | 4.6% | 4.1% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 1.8% | 14.1% |
| Sharpe ratio | 0.20 | 0.60 |
| Sortino ratio | 0.30 | 0.89 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −5.3% | −19.6% |
| Maximum drawdown, last 10Y | −5.3% | −23.7% |
| Maximum drawdown, last 5Y | −3.2% | −15.1% |
| Current drawdown | −0.1% | −8.3% |
| Recovery time of worst fall | 56 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.51% a year and the Direct plan's 0.15%, a gap of 0.36%; over the last 3 years the Direct plan returned 0.60 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹9,58,502.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Mohd Asif Rizwi | Primary | 13 Mar 2025 |
| Mahesh Chhabria | Primary | 13 Mar 2025 |
Objective: The investment objective is to generate income / long-term capital appreciation by investing in units of debt-oriented and arbitrage schemes and money market instruments.
Stated asset allocation: Under normal circumstances, it is anticipated that the asset allocation of the Scheme will be as follows: - Units of mutual fund schemes out of which: 95% to 100% - (a) Investments in underlying Arbitrage Fund: 35% to 80% - (b) Investments in underlying Debt Oriented schemes: 20% to 65% - Money Market Instruments : 0% to 5%
Benchmark (tier 1): 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index
Minimum application: Rs. 5,000 per application
Allotment date: 30 Apr 2014
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.51% | 0.59% |
| AUM, whole scheme (₹ crore) | 528 | 225 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.9% | 5.6% TRI |
| Return, 3 years (AMFI) | 6.8% | 7.0% TRI |
| Return, 5 years (AMFI) | 5.5% | 6.3% TRI |
| Month-ends above category median (3Y CAGR) | 2% | 53% median |
| Month-ends in category top quartile (3Y) | 0% | 25% median |
| 7Y rolling CAGR, median (monthly windows) | 6.0% | 9.0% median |
Official benchmark: 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Domestic FoF Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 3.5% | n/a | – |
| 2025 | 5.4% | n/a | – |
| 2024 | 8.8% | n/a | – |
| 2023 | 7.9% | n/a | – |
| 2022 | 1.8% | n/a | – |
| 2021 | 4.2% | n/a | – |
| 2020 | 9.3% | n/a | – |
| 2019 | 5.8% | n/a | – |
| 2018 | 4.9% | n/a | – |
| 2017 | 5.9% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,035 | 4.7% |
| 3 years | ₹3,60,000 | ₹3,92,134 | 5.6% |
| 5 years | ₹6,00,000 | ₹7,00,575 | 6.1% |
| 10 years | ₹12,00,000 | ₹16,29,084 | 6.0% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: HSBC Mutual Fund
Category: Domestic FoF
Plan / option: Regular · Growth
AMFI scheme code: 129195
ISIN: INF336L01IM4
First NAV in MFIC data: 5 May 2014
History: 12.4 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Axis Income Plus Arbitrage Omni FOF | Domestic FoF | 0.84 | 7.5% |
| Bandhan Conservative Hybrid Passive FOF | Domestic FoF | 0.82 | 6.7% |
| Aditya Birla Sun Life Conservative Hybrid Active FOF | Domestic FoF | 0.81 | 8.6% |
| HDFC Income Plus Arbitrage Active FOF | Domestic FoF | 0.80 | 8.1% |
| Bandhan Income Plus Arbitrage Active FOF | Domestic FoF | 0.80 | 7.0% |
| Bharat Bond FOF - April 2030 | Domestic FoF | 0.76 | 7.0% |
Questions about HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)
- What is the latest NAV of HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- The NAV of the Regular plan (growth option) was ₹22.7378 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) in?
- It is classified as Domestic FoF in AMFI's daily NAV file. MFIC compares it with 159 Domestic FoF schemes (Regular plans).
- What returns has HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) delivered?
- Over one year the NAV changed by 4.7%. The 3-year CAGR is 6.8% (category median 12.3%) and the 5-year CAGR is 5.5% (category median 9.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.3%, the lowest was 3.4%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)'s NAV?
- The largest peak-to-trough fall in its available history was 5.3%; within the last five years it was 3.2% (category median 15.1%).
- How volatile is HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- Its annualised standard deviation of monthly returns over the last 36 months is 1.8%, which is below the Domestic FoF category median of 14.1%.
- What would a monthly SIP in HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,00,575 on 1 Oct 2026, an annualised return (XIRR) of 6.1%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- The total expense ratio of the Regular plan is 0.51% a year, as disclosed to AMFI (median of Domestic FoF Regular plans: 0.59%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- Assets under management of the whole scheme were ₹528 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Low to Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) and how has it compared?
- Its official benchmark is the 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Over 3 years AMFI reports a return of 6.8% for this plan against 7.0% for the benchmark total return index; over 5 years 5.5% against 6.3%. Past performance does not indicate future results.
- How often has HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) beaten its category?
- At 2% of the 113 month-ends compared over the last 10 years, its 3-year return was above the median of Domestic FoF schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- According to its Scheme Summary Document, HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) is managed by Mohd Asif Rizwi (since 13 Mar 2025), Mahesh Chhabria (since 13 Mar 2025).
- What is the minimum investment in HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan)?
- The minimum application amount is Rs. 5,000 per application. SIP details: SIP - Daily / Weekly / Monthly - 500 / 500 / 1000; Quarterly - 1500; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. STP - Daily/Weekly/Fortnightly/Monthly/Quarterly: Rs. 500; The minimum amount required under the source scheme for registering STP is Rs. 6,000. SWP - Monthly/Quarterly/Half-yearly/Annual: Rs. 500; The minimum amount required under the scheme for registering SWP is Rs. 6,000..
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 5.1% and the Regular plan's by 4.7%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.