HSBC Overnight Fund
HSBC Mutual Fund · Overnight · Regular plan, growth option
NAV (₹), 1 Oct 2026
1,433.7949
1-day change
0.01%
1Y return
5.2%
3Y CAGR
6.0%
5Y CAGR
5.6%
Max drawdown, 5Y
0.0%
NAV history month-end NAV, ₹ · 22 May 2019 to 4 Oct 2026
Returns vs Overnight median (43 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | 0.4% | 0.4% |
| 3 months | 1.3% | 1.3% |
| 6 months | 2.5% | 2.5% |
| Year to date | 3.9% | 3.9% |
| 1 year | 5.2% | 5.2% |
| 3 years (CAGR) | 6.0% | 6.0% |
| 5 years (CAGR) | 5.6% | 5.6% |
| 7 years (CAGR) | 5.0% | 5.0% |
| 10 years (CAGR) | n/a | 5.2% |
| Since first NAV (CAGR) | 5.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.4% | 5.4% |
| 3Y rolling median | 5.5% | 5.7% |
| 3Y rolling worst | 3.6% | 3.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.1% | 5.1% |
| 5Y rolling worst | 4.7% | 4.7% |
| 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.) | 0.3% | 0.3% |
| Sharpe ratio | -2.26 | -2.26 |
| Sortino ratio | -1.96 | -1.96 |
| 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 | 0.0% | 0.0% |
| Maximum drawdown, last 10Y | n/a | 0.0% |
| Maximum drawdown, last 5Y | 0.0% | 0.0% |
| 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.
Market context from Integrato Market Intelligence
This scheme invests mainly in the markets below, which are also close to how many of them are benchmarked. Where those markets stand today:
5.50%
1 Jul 2026 · −0.25 pp in a year · 5Y average 5.90%
- 1Y +6.4% · 3Y +6.8% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- At its 52-week high (proxy NAV)
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.14% a year and the Direct plan's 0.07%, a gap of 0.07%; over the last 3 years the Direct plan returned 0.09 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 ₹1,91,856.
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 |
|---|---|---|
| Abhishek Iyer | Primary | 1 Apr 2025 |
| Rahul Totla | Primary | 1 Jan 2026 |
Objective: The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. 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, Money Market instruments, Cash and Cash equivalents (including Repo) with overnight maturity / maturing on or before next business day: Up to 100%(Risk Profile-Low) - G-secs and/or T-bills with a residual maturity of upto 30 days#- 0-5% (Risk Profile-Low)
Benchmark (tier 1): NIFTY 1D Rate Index
Exit load: Exit Load: Nil The exit load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged to the investor effective August 1, 2009. No exit load (if any) will be charged for units allotted under bonus / Reinvestment of IDCW option.
Minimum application: For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000
Allotment date: 22 May 2019
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 | 0.14% | 0.18% |
| AUM, whole scheme (₹ crore) | 4,805 | 623 |
| Riskometer | Low | – |
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) | 5.2% | 5.2% TRI |
| Return, 3 years (AMFI) | 6.0% | 6.1% TRI |
| Return, 5 years (AMFI) | 5.6% | 5.8% TRI |
| Month-ends above category median (3Y CAGR) | 15% | 40% median |
| Month-ends in category top quartile (3Y) | 0% | 6% median |
Official benchmark: Nifty 1D Rate Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Overnight Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 3.9% | n/a | – |
| 2025 | 5.7% | n/a | – |
| 2024 | 6.6% | n/a | – |
| 2023 | 6.6% | n/a | – |
| 2022 | 4.6% | n/a | – |
| 2021 | 3.1% | n/a | – |
| 2020 | 3.3% | 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 | ₹1,23,356 | 5.1% |
| 3 years | ₹3,60,000 | ₹3,92,185 | 5.6% |
| 5 years | ₹6,00,000 | ₹6,95,476 | 5.8% |
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: Overnight
Plan / option: Regular · Growth
AMFI scheme code: 147290
ISIN: INF336L01OL4
First NAV in MFIC data: 22 May 2019
History: 7.4 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 |
|---|---|---|---|
| BANDHAN Overnight Fund | Overnight | 1.00 | 5.9% |
| Tata Overnight Fund | Overnight | 1.00 | 5.9% |
| DSP Overnight Fund | Overnight | 1.00 | 6.0% |
| Kotak Overnight Fund | Overnight | 1.00 | 6.0% |
| Nippon India Overnight Fund | Overnight | 1.00 | 6.0% |
| Edelweiss Overnight Fund | Overnight | 1.00 | 5.9% |
Questions about HSBC Overnight Fund
- What is the latest NAV of HSBC Overnight Fund?
- The NAV of the Regular plan (growth option) was ₹1,433.7949 on 1 Oct 2026, as published by AMFI.
- Which category is HSBC Overnight Fund in?
- It is classified as Overnight in AMFI's daily NAV file. MFIC compares it with 43 Overnight schemes (Regular plans).
- What returns has HSBC Overnight Fund delivered?
- Over one year the NAV changed by 5.2%. The 3-year CAGR is 6.0% (category median 6.0%) and the 5-year CAGR is 5.6% (category median 5.6%). 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 5.5%, the lowest was 3.6%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in HSBC Overnight Fund's NAV?
- The largest peak-to-trough fall in its available history was 0.0%; within the last five years it was 0.0% (category median 0.0%).
- How volatile is HSBC Overnight Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 0.3%, which is below the Overnight category median of 0.3%.
- What would a monthly SIP in HSBC Overnight 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 ₹6,95,476 on 1 Oct 2026, an annualised return (XIRR) of 5.8%. 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 Overnight Fund?
- The total expense ratio of the Regular plan is 0.14% a year, as disclosed to AMFI (median of Overnight Regular plans: 0.18%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is HSBC Overnight Fund?
- Assets under management of the whole scheme were ₹4,805 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of HSBC Overnight Fund?
- AMFI lists the scheme's riskometer as “Low”, and its benchmark's as “Low”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of HSBC Overnight Fund and how has it compared?
- Its official benchmark is the Nifty 1D Rate Index. Over 3 years AMFI reports a return of 6.0% for this plan against 6.1% for the benchmark total return index; over 5 years 5.6% against 5.8%. Past performance does not indicate future results.
- How often has HSBC Overnight Fund beaten its category?
- At 15% of the 53 month-ends compared over the last 10 years, its 3-year return was above the median of Overnight schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages HSBC Overnight Fund?
- According to its Scheme Summary Document, HSBC Overnight Fund is managed by Abhishek Iyer (since 1 Apr 2025), Rahul Totla (since 1 Jan 2026).
- What is the exit load of HSBC Overnight Fund?
- As stated in its scheme documents: Exit Load: Nil The exit load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged to the investor effective August 1, 2009. No exit load (if any) will be charged for units allotted under bonus / Reinvestment of IDCW option. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in HSBC Overnight Fund?
- The minimum application amount is For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000. SIP details: SIP - 500 Daily 6 ; 500 Weekly 6; 500 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 5.3% and the Regular plan's by 5.2%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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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.