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
₹24.39
0.02%
NAV as on 26 Nov 22, 12:00 AM
low to moderate risk
low duration
debt
NAV as on 26 Nov 22, 12:00 AM
low to moderate risk
low duration
debt
2.88%p.a.
Last 1Y
2.91%p.a.
Last 3Y
2.38%p.a.
Last 5Y
5.69%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 Oct 2006, HSBC Low Duration Fund Growth is Low Duration fund of its category with 207.05 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Low Duration funds.
- HSBC Low Duration Fund Growth delivered 2.9% annual returns during the last year. It has delivered 5.7% 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 seek to provide liquidity and reasonable returns by investing primarily in a mix of debt and money market instruments such that theMacaulay duration of the portfolio is between 6 months to 12 months. However there can be no assurance or guarantee that the investment objective of thescheme would be achieved
Top 8 Holdings
Power Grid Corporation Of India Limited
9.32%
Rural Electrification Corporation Limited
8.29%
Bajaj Finance Limited
7.86%
LIC Housing Finance Limited
7.82%
Hdb Financial Services Limited
5.44%
L&T Finance Limited
5.43%
182 DTB 23022023
5.07%
182 DTB 23032023
2.52%
Fund Managers
- Kapil Punjabi (Oct 2014 - Present)
Key Information
View Scheme Document
HSBC Low Duration Fund Growth SIP Calculator
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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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Frequently Asked Questions
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