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

INVEST VIA NRE/NRO

HSBC Medium to Long Duration Fund - Growth for NRI [40.40]

Min Investment

10,000

Fund Size

49.86 Cr

Expense Ratio

1.9%

Exit Load

0%

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

40.40

0.29%

NAV as on 02 Dec 24, 12:00 AM

moderate risk

medium to long duration

debt

NAV as on 02 Dec 24, 12:00 AM

moderate risk

medium to long duration

debt

8.76%p.a.

Last 1Y

4.40%p.a.

Last 3Y

4.84%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 49.86 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 8.8% 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 6 Holdings

7.18% Govt Stock 2037

31.18%

7.04% Govt Stock 2029

20.69%

7.1% Govt Stock 2034

20.35%

7.3% Govt Stock 2053

10.62%

7.32% Govt Stock 2030

10.54%

CDMDF CLASS A2

0.25%

Fund Managers

  1. Kapil Punjabi (Jul 2023 - Present)
  2. Shriram Ramanathan (Nov 2022 - Present)

Key Information

View Scheme Document

HSBC Medium to Long 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 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 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 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

Frequently Asked Questions