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
₹27.11
0.08%
NAV as on 02 Dec 24, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 02 Dec 24, 12:00 AM
low to moderate risk
low duration
debt
7.59%p.a.
Last 1Y
6.09%p.a.
Last 3Y
5.73%p.a.
Last 5Y
7.38%p.a.
Since Inception
About HSBC Low Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Low Duration Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Low Duration mutual fund scheme that predominantly invests in Low Duration stocks of companies. Launched on Dec 2010, HSBC Low Duration Fund Growth is Low Duration fund of its category with 420.18 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- HSBC Low Duration Fund Growth delivered 7.6% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- HSBC Low Duration 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 provide liquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
Bajaj Finance Limited
6.40%
National Bank For Agriculture And Rural Development
6.28%
National Housing Bank
6.26%
Bajaj Housing Finance Limited
6.26%
Power Grid Corporation Of India Limited
6.14%
Power Finance Corporation Ltd.
6.02%
Export Import Bank Of India
6.00%
Indian Railway Finance Corporation Limited
5.98%
Cholamandalam Investment And Finance Company Limited
5.70%
Shriram Finance Limited
3.87%
Fund Managers
- Shriram Ramanathan (Nov 2012 - Present)
- Mohd Asif Rizwi (Jan 2024 - Present)
Key Information
View Scheme Document
HSBC Low Duration Fund Growth SIP Calculator
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For a period of
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Fixed Deposit
NRI Mutual Fund Tax on HSBC Low Duration 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 Low Duration 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 Low Duration 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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3Y Return
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6.5%
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low to moderate risk | debt
6.1%
SBI Magnum Low Duration Fund Plan Growth
low to moderate risk | debt
5.9%
Frequently Asked Questions
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