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
₹66.10
0.04%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
corporate bond
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
corporate bond
debt
5.97%p.a.
Last 1Y
4.93%p.a.
Last 3Y
7.45%p.a.
Last 5Y
7.29%p.a.
Since Inception
About HSBC Corporate Bond Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Corporate Bond Fund Growth scheme from HSBC Asset Management(India)Private Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Jun 1997, HSBC Corporate Bond Fund Growth is Corporate Bond fund of its category with 6,100.72 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- HSBC Corporate Bond Fund Growth delivered 6.0% annual returns during the last year. It has delivered 7.3% average annual returns since the fund was launched.
- HSBC Corporate Bond Fund Growth 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 regular return by investing predominantly in AA+ and above rated debt and money market instruments. There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
7.38% Govt Stock 2027
8.07%
Ntpc Limited
5.88%
National Highways Authority Of India
5.28%
Indian Oil Corporation Limited
5.23%
Power Grid Corporation Of India Limited
4.68%
HDFC Bank Limited
4.22%
ICICI Bank Limited
4.06%
National Highways Authority Of India
3.81%
Indian Railway Finance Corporation Limited
3.77%
7.06% Govt Stock 2028
3.70%
Fund Managers
- Shriram Ramanathan (Jun 2014 - Present)
- Jalpan Shah (Apr 2017 - Present)
Key Information
View Scheme Document
HSBC Corporate Bond Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on HSBC Corporate Bond Fund Growth
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 Corporate Bond Fund Growth?
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 Corporate Bond Fund Growth
- 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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