HSBC Money Market Fund
HSBC Mutual Fund · Money Market · Regular plan, growth option
NAV (₹), 1 Oct 2026
28.5442
1-day change
0.04%
1Y return
6.3%
3Y CAGR
7.1%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 28 Nov 2022 to 1 Oct 2026
Returns vs Money Market median (30 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.5% | 0.5% |
| 3 months | 1.5% | 1.5% |
| 6 months | 3.5% | 3.5% |
| Year to date | 4.8% | 4.8% |
| 1 year | 6.3% | 6.3% |
| 3 years (CAGR) | 7.1% | 7.0% |
| 5 years (CAGR) | n/a | 6.3% |
| 7 years (CAGR) | n/a | 5.9% |
| 10 years (CAGR) | n/a | 6.6% |
| Since first NAV (CAGR) | 7.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.3% | 6.9% |
| 3Y rolling median | 7.1% | 6.8% |
| 3Y rolling worst | 6.9% | 4.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 6.3% |
| 5Y rolling worst | n/a | 5.4% |
| 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.) | 0.6% | 0.6% |
| Sharpe ratio | 0.62 | 0.58 |
| Sortino ratio | 0.96 | 0.85 |
| 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 | −0.2% | −0.8% |
| Maximum drawdown, last 10Y | n/a | −1.2% |
| Maximum drawdown, last 5Y | n/a | −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.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.35% a year and the Direct plan's 0.15%, a gap of 0.20%; over the last 3 years the Direct plan returned 0.24 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 ₹5,37,999.
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 |
|---|---|---|
| Mahesh Chhabria | 1 Feb 2025 | |
| Abhishek Iyer | 1 Feb 2025 |
Objective: To generate regular income through investment in a portfolio comprising substantially of 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.
Stated asset allocation: Money Market instruments having maturity upto 1 year : 0%-100%
Benchmark (tier 1): NIFTY Money Market Index A-I
Minimum application: ₹5,000
Allotment date: 10 Aug 2005
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 | 0.35% | 0.40% |
| AUM, whole scheme (₹ crore) | 6,382 | 4,321 |
| 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) | 6.3% | 6.5% TRI |
| Return, 3 years (AMFI) | 7.1% | 7.1% TRI |
| Return, 5 years (AMFI) | 6.2% | 6.5% TRI |
Official benchmark: NIFTY Money Market Index A-I (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Money Market Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.8% | n/a | – |
| 2025 | 7.3% | n/a | – |
| 2024 | 7.5% | n/a | – |
| 2023 | 6.9% | 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 | ₹1,24,232 | 6.6% |
| 3 years | ₹3,60,000 | ₹3,99,491 | 6.9% |
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: Money Market
Plan / option: Regular · Growth
AMFI scheme code: 151048
ISIN: INF917K01BC9
First NAV in MFIC data: 28 Nov 2022
History: 3.8 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 |
|---|---|---|---|
| Edelweiss Money Market Fund | Money Market | 0.99 | 6.6% |
| Sundaram Money Market Fund | Money Market | 0.99 | 7.2% |
| Bajaj Finserv Money Market Fund | Money Market | 0.99 | 6.7% |
| Kotak Money Market Fund | Money Market | 0.99 | 7.2% |
| HDFC Money Market Fund | Money Market | 0.99 | 7.2% |
| ICICI Prudential Money Market Fund - Cash Option | Money Market | 0.99 | 7.3% |
Questions about HSBC Money Market Fund
- What is the latest NAV of HSBC Money Market Fund?
- The NAV of the Regular plan (growth option) was ₹28.5442 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Money Market Fund in?
- It is classified as Money Market in AMFI's daily NAV file. MFIC compares it with 30 Money Market schemes (Regular plans).
- What returns has HSBC Money Market Fund delivered?
- Over one year the NAV changed by 6.3%. The 3-year CAGR is 7.1% (category median 7.0%). 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 7.1%, the lowest was 6.9%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Money Market Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.2%.
- How volatile is HSBC Money Market Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.6%, which is above the Money Market category median of 0.6%.
- What would a monthly SIP in HSBC Money Market Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,99,491 on 1 Oct 2026, an annualised return (XIRR) of 6.9%. 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 Money Market Fund?
- The total expense ratio of the Regular plan is 0.35% a year, as disclosed to AMFI (median of Money Market Regular plans: 0.40%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Money Market Fund?
- Assets under management of the whole scheme were ₹6,382 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Money Market 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 Money Market Fund and how has it compared?
- Its official benchmark is the NIFTY Money Market Index A-I. Over 3 years AMFI reports a return of 7.1% for this plan against 7.1% for the benchmark total return index; over 5 years 6.2% against 6.5%. Past performance does not indicate future results.
- Who manages HSBC Money Market Fund?
- According to its Scheme Summary Document, HSBC Money Market Fund is managed by Mahesh Chhabria (since 1 Feb 2025), Abhishek Iyer (since 1 Feb 2025).
- What is the minimum investment in HSBC Money Market Fund?
- The minimum application amount is ₹5,000. SIP details: SIP - 500 Daily 6; 500 Weekly 6; 1000 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP 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 6.5% and the Regular plan's by 6.3%. 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.