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
₹25.11
0.05%
NAV as on 19 Nov 24, 12:00 AM
moderate risk
short duration
debt
NAV as on 19 Nov 24, 12:00 AM
moderate risk
short duration
debt
7.72%p.a.
Last 1Y
5.42%p.a.
Last 3Y
5.79%p.a.
Last 5Y
7.40%p.a.
Since Inception
About HSBC Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Short Duration Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Short Duration mutual fund scheme that predominantly invests in Short Duration stocks of companies. Launched on Dec 2011, HSBC Short Duration Fund Growth is Short Duration fund of its category with 3,760.66 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Short Duration funds.
- HSBC Short Duration Fund Growth delivered 7.7% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
- HSBC Short 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 a reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Top 10 Holdings
7.32% Govt Stock 2030
13.10%
07.37 Goi 2028
6.74%
Small Industries Development Bank Of India
4.89%
National Bank For Agriculture And Rural Development
4.17%
Indian Railway Finance Corporation Limited
4.10%
Bajaj Finance Ltd.
3.54%
7.1% Govt Stock 2029
3.49%
07.76 MH Sgs 2030
2.85%
Indian Railway Finance Corporation Limited
2.84%
LIC Housing Finance Limited
2.83%
Fund Managers
- Shriram Ramanathan (May 2024 - Present)
- Mohd Asif Rizwi (Jan 2024 - Present)
Key Information
View Scheme Document
HSBC Short Duration Fund Growth SIP Calculator
If invested
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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 Short 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 Short 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 Short 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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