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
₹1300.95
0.02%
NAV as on 18 Dec 24, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 18 Dec 24, 12:00 AM
low to moderate risk
ultra short duration
debt
7.39%p.a.
Last 1Y
6.27%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.52%p.a.
Since Inception
About HSBC Ultra Short Duration Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Ultra Short Duration Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jan 2020, HSBC Ultra Short Duration Fund Growth is Ultra Short Duration fund of its category with 2,961.28 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- HSBC Ultra Short Duration Fund Growth delivered 7.4% annual returns during the last year. It has delivered 5.5% average annual returns since the fund was launched.
- HSBC Ultra 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
The investment objective of the scheme is to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.
Top 10 Holdings
182 DTB 20022025
3.32%
LIC Housing Finance Ltd
2.58%
LIC Housing Finance Ltd
2.58%
182 DTB 13032025
2.48%
Axis Bank Ltd.
2.44%
Bajaj Finance Limited
1.82%
National Bank For Agriculture And Rural Development
1.80%
LIC Housing Finance Ltd
1.75%
Power Finance Corporation Limited
1.74%
HDFC Bank Limited
1.74%
Fund Managers
- Kapil Punjabi (May 2024 - Present)
- Mahesh Chhabria (Nov 2022 - Present)
Key Information
View Scheme Document
HSBC Ultra Short Duration Fund Growth SIP Calculator
If invested
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 Ultra 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 Ultra 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 Ultra 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
Similar Funds
Funds
3Y Return
HDFC Ultra S/T Fund Growth
low to moderate risk | debt
6.2%
Kotak Savings Fund Growth
low to moderate risk | debt
6.1%
DSP Ultra Short Fund Plan Growth
low to moderate risk | debt
5.9%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved