NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HSBC Gilt Fund Growth for NRI [63.45]

Min Investment

5,000

Fund Size

218.09 Cr

Expense Ratio

1.7%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

63.45

0.00%

NAV as on 07 Nov 24, 12:00 AM

moderate risk

government bond

debt

NAV as on 07 Nov 24, 12:00 AM

moderate risk

government bond

debt

9.28%p.a.

Last 1Y

5.00%p.a.

Last 3Y

5.52%p.a.

Last 5Y

7.80%p.a.

Since Inception

About HSBC Gilt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HSBC Gilt Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Government Bond mutual fund scheme that predominantly invests in Government Bond stocks of companies. Launched on Mar 2000, HSBC Gilt Fund Growth is Government Bond fund of its category with 218.09 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Government Bond funds.

  • HSBC Gilt Fund Growth delivered 9.3% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
  • HSBC Gilt 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 returns from a portfolio from investments in Government Securities. There is no assurance that the investment objective of the scheme will be realized.

Top 7 Holdings

7.34% Govt Stock 2064

20.99%

7.30 Goi 19062053

20.42%

07.18 Goi 24072037

19.93%

07.09 Goi 05082054

12.32%

07.18 Goi 14082033

9.89%

7.10%Goi 08/04/2034

9.76%

07.32 Goi 2030

5.05%

Fund Managers

  1. Shriram Ramanathan (Apr 2017 - Present)
  2. Mohd Asif Rizwi (May 2024 - Present)

Key Information

View Scheme Document

HSBC Gilt Fund Growth SIP Calculator

If invested

5,000

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 Gilt Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in HSBC Gilt 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 Gilt 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

Frequently Asked Questions