HSBC Ultra Short Term Fund
HSBC Mutual Fund · Ultra Short Duration · Regular plan, growth option
NAV (₹), 1 Oct 2026
1,463.5456
1-day change
0.03%
1Y return
6.4%
3Y CAGR
7.0%
5Y CAGR
6.3%
Max drawdown, 5Y
−0.2%
NAV history month-end NAV, ₹ · 30 Jan 2020 to 1 Oct 2026
Returns vs Ultra Short Duration median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.5% | 0.5% |
| 3 months | 1.5% | 1.4% |
| 6 months | 3.5% | 3.3% |
| Year to date | 4.9% | 4.6% |
| 1 year | 6.4% | 6.0% |
| 3 years (CAGR) | 7.0% | 6.7% |
| 5 years (CAGR) | 6.3% | 6.1% |
| 7 years (CAGR) | n/a | 5.7% |
| 10 years (CAGR) | n/a | 6.2% |
| Since first NAV (CAGR) | 5.9% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 6.5% | 6.7% |
| 3Y rolling median | 6.2% | 6.2% |
| 3Y rolling worst | 4.5% | 4.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.8% | 6.1% |
| 5Y rolling worst | 5.6% | 5.3% |
| 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.) | 0.5% | 0.5% |
| Sharpe ratio | 0.60 | 0.10 |
| Sortino ratio | 0.88 | 0.14 |
| 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 | −1.0% | −1.0% |
| Maximum drawdown, last 10Y | n/a | −1.1% |
| Maximum drawdown, last 5Y | −0.2% | −0.2% |
| Current drawdown | 0.0% | 0.0% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Mahesh Chhabria | Primary | 26 Nov 2022 |
| Rahul Totla | Primary | 1 Jan 2026 |
Objective: To provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.
Stated asset allocation: Under normal circumstances, it is anticipated that the asset allocation of the Scheme will be as follows: - Debt and Money Market Instruments such that Macaulay duration* of the portfolio is between 3 months to 6 months : Up to 100% (Risk Profile-Low to Medium)
Benchmark (tier 1): NIFTY Ultra Short Duration Debt Index A-I
Exit load: Exit Load : Nil
Minimum application: Rs. 5,000 per application
Allotment date: 29 Jan 2020
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 | 0.38% | 0.81% |
| AUM, whole scheme (₹ crore) | 2,733 | 1,958 |
| Riskometer | Low to 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) | 6.4% | 6.7% TRI |
| Return, 3 years (AMFI) | 7.0% | 7.2% TRI |
| Return, 5 years (AMFI) | 6.3% | 6.6% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 45% median |
| Month-ends in category top quartile (3Y) | 47% | 17% median |
Official benchmark: NIFTY Ultra Short Duration Debt Index A-I (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Ultra Short Duration Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.9% | n/a | – |
| 2025 | 7.0% | n/a | – |
| 2024 | 7.4% | n/a | – |
| 2023 | 7.0% | n/a | – |
| 2022 | 4.5% | n/a | – |
| 2021 | 3.5% | 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 | ₹1,24,274 | 6.7% |
| 3 years | ₹3,60,000 | ₹3,99,179 | 6.8% |
| 5 years | ₹6,00,000 | ₹7,12,265 | 6.8% |
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: Ultra Short Duration
Plan / option: Regular · Growth
AMFI scheme code: 147907
ISIN: INF336L01OW1
First NAV in MFIC data: 30 Jan 2020
History: 6.7 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 |
|---|---|---|---|
| HSBC Ultra Short Term Fund | Ultra Short Duration | 1.00 | 7.2% |
| Tata Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.6% |
| Mahindra Manulife Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.9% |
| BANDHAN ULTRA SHORT TERM FUND | Ultra Short Duration | 0.99 | 7.0% |
| UTI Ultra Short Term Fund | Ultra Short Duration | 0.99 | 6.7% |
| SBI ULTRA SHORT TERM FUND | Ultra Short Duration | 0.99 | 6.9% |
Questions about HSBC Ultra Short Term Fund
- What is the latest NAV of HSBC Ultra Short Term Fund?
- The NAV of the Regular plan (growth option) was ₹1,463.5456 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Ultra Short Term Fund in?
- It is classified as Ultra Short Duration in AMFI's daily NAV file. MFIC compares it with 28 Ultra Short Duration schemes (Regular plans).
- What returns has HSBC Ultra Short Term Fund delivered?
- Over one year the NAV changed by 6.4%. The 3-year CAGR is 7.0% (category median 6.7%) and the 5-year CAGR is 6.3% (category median 6.1%). 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 6.2%, the lowest was 4.5%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Ultra Short Term Fund's NAV?
- The largest peak-to-trough fall in its available history was 1.0%; within the last five years it was 0.2% (category median 0.2%).
- How volatile is HSBC Ultra Short Term Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.5%, which is above the Ultra Short Duration category median of 0.5%.
- What would a monthly SIP in HSBC Ultra Short Term Fund 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 ₹7,12,265 on 1 Oct 2026, an annualised return (XIRR) of 6.8%. 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 Ultra Short Term Fund?
- The total expense ratio of the Regular plan is 0.38% a year, as disclosed to AMFI (median of Ultra Short Duration Regular plans: 0.81%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Ultra Short Term Fund?
- Assets under management of the whole scheme were ₹2,733 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Ultra Short Term Fund?
- AMFI lists the scheme's riskometer as “Low to 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 Ultra Short Term Fund and how has it compared?
- Its official benchmark is the NIFTY Ultra Short Duration Debt Index A-I. Over 3 years AMFI reports a return of 7.0% for this plan against 7.2% for the benchmark total return index; over 5 years 6.3% against 6.6%. Past performance does not indicate future results.
- How often has HSBC Ultra Short Term Fund beaten its category?
- At 100% of the 45 month-ends compared over the last 10 years, its 3-year return was above the median of Ultra Short Duration schemes (Regular plans); it was in the top quarter at 47% of them. A typical scheme would show about 50%.
- Who manages HSBC Ultra Short Term Fund?
- According to its Scheme Summary Document, HSBC Ultra Short Term Fund is managed by Mahesh Chhabria (since 26 Nov 2022), Rahul Totla (since 1 Jan 2026).
- What is the exit load of HSBC Ultra Short Term Fund?
- As stated in its scheme documents: Exit Load : Nil Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Ultra Short Term Fund?
- 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..
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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.