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
₹40.45
-0.05%
NAV as on 18 Dec 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 18 Dec 24, 12:00 AM
moderate risk
medium to long duration
debt
7.42%p.a.
Last 1Y
4.42%p.a.
Last 3Y
4.88%p.a.
Last 5Y
6.55%p.a.
Since Inception
About HSBC Medium to Long Duration Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Medium to Long Duration Fund - Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Dec 2002, HSBC Medium to Long Duration Fund - Growth is Medium to Long Duration fund of its category with 49.74 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- HSBC Medium to Long Duration Fund - Growth delivered 7.4% annual returns during the last year. It has delivered 6.5% average annual returns since the fund was launched.
- HSBC Medium to Long 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 reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 4 years to 7 years. However, there can be no guarantee that the investment objective of the scheme would be achieved.
Top 7 Holdings
7.18% Govt Stock 2037
31.47%
7.1% Govt Stock 2034
20.58%
7.3% Govt Stock 2053
10.69%
7.04% Govt Stock 2029
10.46%
7.32% Govt Stock 2030
10.29%
Small Industries Development Bank Of India
8.10%
CDMDF CLASS A2
0.25%
Fund Managers
- Kapil Punjabi (Jul 2023 - Present)
- Shriram Ramanathan (Nov 2022 - Present)
Key Information
View Scheme Document
HSBC Medium to Long Duration Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on HSBC Medium to Long 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 Medium to Long 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 Medium to Long 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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