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
₹10.72
0.05%
NAV as on 24 Nov 22, 12:00 AM
low to moderate risk
corporate bond
debt
NAV as on 24 Nov 22, 12:00 AM
low to moderate risk
corporate bond
debt
2.06%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
3.08%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 Sep 2020, HSBC Corporate Bond Fund Growth is Corporate Bond fund of its category with 157.77 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- HSBC Corporate Bond Fund Growth delivered 2.1% annual returns during the last year. It has delivered 3.1% 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 seek to generate reasonable income and provide risk-adjusted returns by investing primarily in AA+ and above rated corporate debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
Export Import Bank Of India
9.86%
Rec Limited
9.85%
Reliance Industries Limited
9.82%
Indian Railway Finance Corporation Limited
9.78%
Indian Oil Corporation Limited
9.68%
Kotak Mahindra Prime Limited
9.64%
National Bank For Agriculture And Rural Development
9.61%
5.15% Govt Stock 2025
9.21%
Power Finance Corporation Ltd.
6.72%
LIC Housing Finance Limited
6.51%
Fund Managers
- Ritesh Jain (Sep 2020 - 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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