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

INVEST VIA NRE/NRO

HSBC Low Duration Fund Growth for NRI [27.02]

Min Investment

5,000

Fund Size

437.41 Cr

Expense Ratio

0.6%

Exit Load

0%

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

27.02

0.01%

NAV as on 13 Nov 24, 12:00 AM

low to moderate risk

low duration

debt

NAV as on 13 Nov 24, 12:00 AM

low to moderate risk

low duration

debt

7.53%p.a.

Last 1Y

6.01%p.a.

Last 3Y

5.76%p.a.

Last 5Y

7.39%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 437.41 Cr fund under management as on Nov 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 7.5% 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

Power Grid Corporation Of India Limited

6.36%

Indian Railway Finance Corporation Limited

6.13%

Rural Electrification Corporation Limited

6.08%

Ongc Petro Additions Limited

6.00%

National Bank For Agriculture And Rural Development

5.99%

National Housing Bank

5.97%

Bajaj Housing Finance Limited

5.96%

Power Finance Corporation Ltd.

5.75%

Cholamandalam Investment And Finance Company Limited

4.26%

Shriram Finance Limited

3.69%

Fund Managers

  1. Shriram Ramanathan (Nov 2012 - Present)
  2. Mohd Asif Rizwi (Jan 2024 - Present)

Key Information

View Scheme Document

HSBC Low Duration 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 Low Duration 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 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

Frequently Asked Questions