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HSBC Money Market Fund Direct Growth
Capital PreservationMoney MarketLow to Moderate Risk
Direct
NAV (21-Jan-26)
₹28.650.02%1D
Returns (Since Inception)
7.44%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹4,895 Cr
Expense Ratio
0.15%
ISIN
INF917K01FE6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
HSBC Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 13 years and 21 days, having been launched on 01-Jan-13.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹28.65, Assets Under Management (AUM) of 4894.59 Crores, and an expense ratio of 0.15%.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹28.65, Assets Under Management (AUM) of 4894.59 Crores, and an expense ratio of 0.15%.
- HSBC Money Market Fund Direct Growth has given a CAGR return of 7.44% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 8.47% in debts, and 91.31% in cash & cash equivalents.
- You can start investing in HSBC Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.24%
+6.66% (Cat Avg.)
3 Years
+7.45%
+7.00% (Cat Avg.)
5 Years
+6.08%
+5.90% (Cat Avg.)
10 Years
+7.02%
+5.88% (Cat Avg.)
Since Inception
+7.44%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2025
| Debt | ₹414.71 Cr | 8.47% |
| Others | ₹4,479.87 Cr | 91.53% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Current Assets (Including Cash & Bank Balances) | Cash | ₹-444.67 Cr | 9.08% |
| National Bank For Agriculture & Rural Development** | Cash - CD/Time Deposit | ₹172.98 Cr | 3.53% |
| Mindspace Business Parks Reit | Cash - Commercial Paper | ₹146.51 Cr | 2.99% |
| Ongc Petro Additions Limited | Cash - Commercial Paper | ₹146.45 Cr | 2.99% |
| Canara Bank | Cash - CD/Time Deposit | ₹146.11 Cr | 2.99% |
| 364 Days Tbill (Md 05/03/2026) | Bond - Gov't/Treasury | ₹99.11 Cr | 2.02% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹99.07 Cr | 2.02% |
| 364 Days Tbill Red 12-03-2026 | Bond - Gov't/Treasury | ₹99.01 Cr | 2.02% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹99.01 Cr | 2.02% |
| Indian Bank | Cash - CD/Time Deposit | ₹98.98 Cr | 2.02% |
| Canara Bank | Cash - CD/Time Deposit | ₹98.97 Cr | 2.02% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹98.88 Cr | 2.02% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹98.86 Cr | 2.02% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹98.7 Cr | 2.02% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹98.65 Cr | 2.02% |
| Power Finance Corporation Limited | Cash - Commercial Paper | ₹98.23 Cr | 2.01% |
| Canara Bank | Cash - CD/Time Deposit | ₹97.8 Cr | 2.00% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹97.71 Cr | 2.00% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹97.64 Cr | 1.99% |
| IDFC First Bank Limited | Cash - CD/Time Deposit | ₹97.56 Cr | 1.99% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹97.51 Cr | 1.99% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹97.36 Cr | 1.99% |
| Tata Capital Housing Finance Limited | Cash - Commercial Paper | ₹97.25 Cr | 1.99% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹97.18 Cr | 1.99% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.37 Cr | 1.93% |
| 07.07 Tn SDL 2026 | Bond - Gov't/Treasury | ₹76.14 Cr | 1.56% |
| LIC Housing Finance Ltd | Cash - Commercial Paper | ₹74.41 Cr | 1.52% |
| 364 DTB 27022026 | Bond - Gov't/Treasury | ₹74.4 Cr | 1.52% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹74.31 Cr | 1.52% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹74.27 Cr | 1.52% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹74.25 Cr | 1.52% |
| Godrej Industries Limited | Cash - Commercial Paper | ₹74.25 Cr | 1.52% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹74.23 Cr | 1.52% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹74.09 Cr | 1.51% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹73.83 Cr | 1.51% |
| Bank of Baroda | Bond - Corporate Bond | ₹73.23 Cr | 1.50% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹73.07 Cr | 1.49% |
| Embassy Office Parks Reit | Cash - Commercial Paper | ₹72.82 Cr | 1.49% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹72.62 Cr | 1.48% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹71.74 Cr | 1.47% |
| Bank Of Baroda** | Cash - CD/Time Deposit | ₹71.7 Cr | 1.46% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹71.31 Cr | 1.46% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹71.28 Cr | 1.46% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹70.87 Cr | 1.45% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹70.83 Cr | 1.45% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹70.48 Cr | 1.44% |
| India (Republic of) | Bond - Short-term Government Bills | ₹68.66 Cr | 1.40% |
| 08.28 KA Sdl 2026 | Bond - Gov't/Treasury | ₹51.58 Cr | 1.05% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹49.54 Cr | 1.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.51 Cr | 1.01% |
| Export-Import Bank Of India | Cash - CD/Time Deposit | ₹49.5 Cr | 1.01% |
| 360 One Wam Ltd. | Cash - Commercial Paper | ₹49.5 Cr | 1.01% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹49.44 Cr | 1.01% |
| Barclays Investments & Loans (India) Private Limited | Cash - Commercial Paper | ₹49.33 Cr | 1.01% |
| Small Industries Development Bank Of India** | Cash - CD/Time Deposit | ₹49.33 Cr | 1.01% |
| Small Industries Development Bk Of India ** # | Cash - Commercial Paper | ₹49.32 Cr | 1.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.14 Cr | 1.00% |
| India (Republic of) | Bond - Short-term Government Bills | ₹48.79 Cr | 1.00% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹48.76 Cr | 1.00% |
| Cholamandalam Investment And Finance Company Limited | Cash - Commercial Paper | ₹48.69 Cr | 0.99% |
| Rec Limited | Cash - Commercial Paper | ₹48.65 Cr | 0.99% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.63 Cr | 0.99% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹48.62 Cr | 0.99% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.13 Cr | 0.98% |
| National Bank for Agriculture and Rural Development | Bond - Gov't Agency Debt | ₹47.78 Cr | 0.98% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹47.52 Cr | 0.97% |
| Ntpc Limited | Cash - Commercial Paper | ₹44.52 Cr | 0.91% |
| 07.39 Tn SDL 2026 | Bond - Gov't/Treasury | ₹30.73 Cr | 0.63% |
| 08.67 KA Sdl 2026 | Bond - Gov't/Treasury | ₹25.88 Cr | 0.53% |
| 364 Days Tbill Red 05-02-2026 | Bond - Gov't/Treasury | ₹24.88 Cr | 0.51% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹24.8 Cr | 0.51% |
| 364 DTB 19mar2026 | Bond - Gov't/Treasury | ₹24.73 Cr | 0.51% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹24.26 Cr | 0.50% |
| 07.96 MH Sdl 2026 | Bond - Gov't/Treasury | ₹15.18 Cr | 0.31% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) | Mutual Fund - Open End | ₹10.78 Cr | 0.22% |
| 06.85 Up SDL 2026 | Bond - Gov't/Treasury | ₹5.08 Cr | 0.10% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹2,363.32 Cr | 48.28% |
| Cash - Commercial Paper | ₹2,101.35 Cr | 42.93% |
| Bond - Gov't/Treasury | ₹526.71 Cr | 10.76% |
| Cash | ₹-444.67 Cr | 9.09% |
| Bond - Short-term Government Bills | ₹216.09 Cr | 4.42% |
| Bond - Corporate Bond | ₹73.23 Cr | 1.50% |
| Bond - Gov't Agency Debt | ₹47.78 Cr | 0.98% |
| Mutual Fund - Open End | ₹10.78 Cr | 0.22% |
Risk & Performance Ratios
Standard Deviation
This fund
0.33%
Cat. avg.
0.52%
Lower the better
Sharpe Ratio
This fund
2.46
Cat. avg.
1.22
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
9.17
Higher the better
Fund Managers
MC
Mahesh Chhabria
Since February 2025
Abhishek Iyer
Since April 2025
Additional Scheme Detailsas of 31st December 2025
ISIN INF917K01FE6 | Expense Ratio 0.15% | Exit Load No Charges | Fund Size ₹4,895 Cr | Age 13 years | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
About the AMC
HSBC Mutual Fund
Total AUM
₹1,40,131 Cr
Address
16, V N Road, Mumbai, 400 001
Other Funds by HSBC Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of HSBC Money Market Fund Direct Growth?
The NAV of HSBC Money Market Fund Direct Growth, as of 21-Jan-2026, is ₹28.65.
What are the returns of HSBC Money Market Fund Direct Growth?
The fund has generated 7.24% over the last 1 year and 7.45% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HSBC Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 8.47% in bonds, and 91.31% in cash and cash equivalents.
Who manages the HSBC Money Market Fund Direct Growth?
The fund managers responsible for HSBC Money Market Fund Direct Growth are:-
- Mahesh Chhabria
- Abhishek Iyer
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
