NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹23.04
0.02%
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 19 Nov 24, 12:00 AM
low to moderate risk
banking & psu
debt
7.35%p.a.
Last 1Y
4.91%p.a.
Last 3Y
5.64%p.a.
Last 5Y
4.98%p.a.
Since Inception
About HSBC Banking & PSU Debt fund Growth Option for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Banking & PSU Debt fund Growth Option scheme from HSBC Asset Management (India) Private Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Sep 2007, HSBC Banking & PSU Debt fund Growth Option is Banking & PSU fund of its category with 4,491.24 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- HSBC Banking & PSU Debt fund Growth Option delivered 7.3% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- HSBC Banking & PSU Debt fund Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
Ntpc Limited
7.02%
Small Industries Development Bank Of India
5.11%
Power Finance Corporation Limited
4.50%
Rec Limited
4.05%
5.74% Govt Stock 2026
3.64%
Small Industries Development Bank Of India
3.61%
National Bank For Agriculture And Rural Development
3.55%
Bajaj Housing Finance Limited
3.55%
National Housing Bank
3.55%
5.63% Govt Stock 2026
3.33%
Fund Managers
- Mahesh Chhabria (Nov 2022 - Present)
- Mohd Asif Rizwi (May 2024 - Present)
Key Information
View Scheme Document
HSBC Banking & PSU Debt fund Growth Option SIP Calculator
If invested
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For a period of
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₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on HSBC Banking & PSU Debt fund Growth Option
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Banking & PSU Debt fund Growth Option?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Banking & PSU Debt fund Growth Option
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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