HSBC Ultra Short Duration Fund Regular Growth

Fund Overview

Fund Size

₹3,628 Cr

Expense Ratio

0.38%

ISIN

INF336L01OW1

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

29 Jan 2020

About this fund

HSBC Ultra Short Duration Fund Regular Growth is a Ultra Short Duration mutual fund schemes offered by HSBC Mutual Fund. This fund has been in existence for 6 years, 8 months and 5 days, having been launched on 29-Jan-20.
As of 01-Oct-26, it has a Net Asset Value (NAV) of ₹1463.55, Assets Under Management (AUM) of 3628.23 Crores, and an expense ratio of 0.38%.

HSBC Ultra Short Duration Fund Regular Growth has given a CAGR return of 5.87% since inception.
The fund's asset allocation comprises around 0.00% in equities, 19.01% in debts, and 80.99% in cash & cash equivalents.
You can start investing in HSBC Ultra Short Duration Fund Regular 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

+6.40%

+5.77% (Cat Avg.)

3 Years

+7.01%

+6.67% (Cat Avg.)

5 Years

+6.34%

+6.07% (Cat Avg.)

Since Inception

+5.87%

— (Cat Avg.)

Portfolio Summaryas of 15th September 2026

Debt	₹689.8 Cr	19.01%
Others	₹2,938.43 Cr	80.99%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
India (Republic of)	Bond - Short-term Government Bills	₹199.79 Cr	5.58%
Treps	Cash - Repurchase Agreement	₹160.02 Cr	4.47%
Indian Bank	Cash - CD/Time Deposit	₹123.23 Cr	3.44%
Small Industries Dev Bank Of India	Cash - CD/Time Deposit	₹123.06 Cr	3.44%
Bank Of Baroda	Cash - CD/Time Deposit	₹121.83 Cr	3.41%
Bharti Telecom Limited	Bond - Corporate Bond	₹106.18 Cr	2.97%
Bajaj Finance Limited	Bond - Corporate Bond	₹103.06 Cr	2.88%
26/11/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹99.03 Cr	2.77%
Union Bank Of India	Cash - CD/Time Deposit	₹98.59 Cr	2.76%
HDFC Bank Limited	Cash - CD/Time Deposit	₹98.51 Cr	2.75%
Punjab National Bank	Cash - CD/Time Deposit	₹98.51 Cr	2.75%
Small Industries Development Bk Of India	Cash - Commercial Paper	₹98.42 Cr	2.75%
Punjab National Bank	Cash - CD/Time Deposit	₹97.44 Cr	2.72%
Axis Bank Limited	Cash - CD/Time Deposit	₹97.31 Cr	2.72%
L&T Finance Limited	Cash - Commercial Paper	₹97.17 Cr	2.72%
Icici Securities Limited (Earlier Icici Brokerage Services Limited)	Cash - Commercial Paper	₹97.03 Cr	2.71%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹96.97 Cr	2.71%
Mahindra And Mahindra Financial Services Limited	Cash - Commercial Paper	₹96.95 Cr	2.71%
Punjab National Bank	Cash - CD/Time Deposit	₹96.83 Cr	2.71%
Small Industries Development Bank Of India	Cash - Commercial Paper	₹94.86 Cr	2.65%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹76.51 Cr	2.14%
Indian Bank	Cash - CD/Time Deposit	₹73.88 Cr	2.06%
Axis Bank Limited	Cash - CD/Time Deposit	₹73.84 Cr	2.06%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹53.18 Cr	1.49%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹53.03 Cr	1.48%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹51.92 Cr	1.45%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹51.02 Cr	1.43%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹50.47 Cr	1.41%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹50.13 Cr	1.40%
12/11/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹49.61 Cr	1.39%
India (Republic of)	Bond - Short-term Government Bills	₹49.56 Cr	1.39%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹48.98 Cr	1.37%
Axis Bank Limited	Cash - CD/Time Deposit	₹48.91 Cr	1.37%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹48.91 Cr	1.37%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹48.83 Cr	1.36%
Bank Of Baroda	Cash - CD/Time Deposit	₹48.82 Cr	1.36%
HDFC Bank Limited	Cash - CD/Time Deposit	₹48.71 Cr	1.36%
ICICI Bank Limited	Cash - CD/Time Deposit	₹48.68 Cr	1.36%
Icici Securities Limited (Earlier Icici Brokerage Services Limited)	Cash - Commercial Paper	₹48.53 Cr	1.36%
Axis Bank Ltd.	Bond - Corporate Bond	₹48.53 Cr	1.36%
Bank Of Baroda	Cash - CD/Time Deposit	₹48.42 Cr	1.35%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹48.4 Cr	1.35%
National Bank for Agriculture and Rural Development	Bond - Gov't Agency Debt	₹48.33 Cr	1.35%
Canara Bank	Bond - Gov't Agency Debt	₹47.33 Cr	1.32%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.97 Cr	0.73%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25.87 Cr	0.72%
Embassy Office Parks Reit	Bond - Corporate Bond	₹25.39 Cr	0.71%
ICICI Bank Limited	Cash - CD/Time Deposit	₹24.23 Cr	0.68%
Net Current Assets (Including Cash & Bank Balances)	Cash	₹-11.12 Cr	0.31%
SBI Funds Management Private Ltd	Bond - Corporate Bond	₹10.45 Cr	0.29%
Embassy Office Parks Reit	Bond - Corporate Bond	₹7.6 Cr	0.21%
Pay_5.77% &Rec_ois_06/08/27	Interest Rate Swap	₹0.18 Cr	0.01%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - CD/Time Deposit	₹1,662.87 Cr	46.48%
Bond - Corporate Bond	₹739.32 Cr	20.66%
Cash - Commercial Paper	₹532.95 Cr	14.90%
Bond - Short-term Government Bills	₹249.35 Cr	6.97%
Cash - Repurchase Agreement	₹160.02 Cr	4.47%
Bond - Gov't/Treasury	₹148.65 Cr	4.15%
Bond - Gov't Agency Debt	₹95.66 Cr	2.67%
Cash	₹-11.12 Cr	0.31%
Interest Rate Swap	₹0.18 Cr	0.01%

Risk & Performance Ratios

Fund Managers

Mahesh Chhabria

Since November 2022

Rahul Totla

Since January 2026

Additional Scheme Detailsas of 15th September 2026

ISIN

INF336L01OW1

Expense Ratio

0.38%

Exit Load

No Charges

Fund Size

₹3,628 Cr

Age

6 years 8 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

NIFTY Ultra Short Duration Debt 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 Ultra Short Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Edelweiss Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.6%	0.0%	₹896.90 Cr	-
Edelweiss Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹896.90 Cr	-
Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk	0.7%	0.0%	₹281.49 Cr	6.1%
Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹281.49 Cr	6.5%
Invesco India Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1661.31 Cr	6.7%
Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹524.33 Cr	5.3%
Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹524.33 Cr	6.2%
ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹165.44 Cr	5.7%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹165.44 Cr	6.5%
Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2416.24 Cr	6.5%
Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹12447.28 Cr	7.0%
Kotak Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹15961.62 Cr	6.5%
Tata Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹6494.54 Cr	7.0%
Tata Ultra Short Term Fund Regular Growth Moderate Risk	1.1%	0.0%	₹6494.54 Cr	6.1%
ICICI Prudential Ultra Short Term Fund Regular Growth Moderate Risk	0.8%	0.0%	₹15973.92 Cr	6.2%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Direct Growth Moderate Risk	0.4%	0.0%	-	195.1%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Regular Growth Moderate Risk	1.2%	0.0%	-	195.1%
WhiteOak Capital Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹584.11 Cr	5.8%
WhiteOak Capital Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹584.11 Cr	6.4%
DSP Ultra Short Fund Regular Growth Moderate Risk	1.0%	0.0%	₹4599.23 Cr	5.9%
Mirae Asset Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹2065.66 Cr	6.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2065.66 Cr	6.7%
UTI Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹3347.94 Cr	6.6%
Aditya Birla Sun Life Savings Fund Direct Growth Moderate Risk	0.3%	0.0%	₹18819.30 Cr	6.6%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹184.28 Cr	6.5%
SBI Magnum Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹11880.30 Cr	6.4%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3628.23 Cr	6.5%
HSBC Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹3628.23 Cr	6.4%
Bandhan Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹4179.89 Cr	6.3%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹4179.89 Cr	6.5%
ICICI Prudential Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹15973.92 Cr	6.6%
Canara Robeco Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹581.71 Cr	6.5%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4599.23 Cr	6.7%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹211.36 Cr	6.3%
Axis Ultra Short Term Fund Regular Growth Moderate Risk	1.3%	0.0%	₹6073.91 Cr	5.9%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹6073.91 Cr	6.8%
Sundaram Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.3%	0.0%	₹2416.24 Cr	5.3%
Aditya Birla Sun Life Savings Fund Regular Growth Moderate Risk	0.6%	0.0%	₹18819.30 Cr	6.3%
Kotak Savings Fund Regular Growth Moderate Risk	0.8%	0.0%	₹15961.62 Cr	6.0%
Invesco India Ultra Short Term Fund Regular Growth Moderate Risk	0.8%	0.0%	₹1661.31 Cr	6.2%
SBI Magnum Ultra Short Duration Fund Regular Growth Moderate Risk	0.6%	0.0%	₹11880.30 Cr	6.2%
Bank of India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹184.28 Cr	5.9%
HDFC Ultra Short Term Fund Regular Growth Moderate Risk	0.7%	0.0%	₹17464.92 Cr	6.0%
HDFC Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹17464.92 Cr	6.4%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹221.94 Cr	6.6%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹221.94 Cr	6.2%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹12447.28 Cr	6.2%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹3347.94 Cr	6.0%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.4%	0.0%	₹677.57 Cr	5.8%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹677.57 Cr	6.7%

About the AMC

HSBC Mutual Fund

+91 22 66145000

https://www.assetmanagement.hsbc.co.in/en/mutual-funds

Total AUM

₹1,60,154 Cr

Address

16, V N Road, Mumbai, 400 001

Other Funds by HSBC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
RedHex Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	1.5%	2.0%	₹1072.84 Cr	-
HSBC Gold ETF Fund of Fund Direct Growth High Risk	0.1%	1.0%	₹394.69 Cr	-
HSBC Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹962.92 Cr	4.4%
HSBC India Export Opportunities Fund Direct Growth Very High Risk	1.1%	1.0%	₹1325.79 Cr	20.0%
HSBC Multi Asset Allocation Fund Direct Growth Moderate Risk	1.1%	1.0%	₹3259.66 Cr	7.6%
HSBC Consumption Fund Direct Growth Very High Risk	0.9%	1.0%	₹1816.62 Cr	-0.2%
HSBC Balanced Advantage Fund Direct Growth Very High Risk	1.2%	1.0%	₹1522.18 Cr	0.5%
HSBC Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹2466.09 Cr	7.7%
HSBC Aggressive Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹5869.76 Cr	3.9%
HSBC Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹15372.81 Cr	0.3%
HSBC Credit Risk Fund Direct Growth Moderately High risk	0.8%	1.0%	₹456.92 Cr	6.4%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.3%	0.0%	₹3777.23 Cr	4.7%
HSBC Midcap Fund Direct Growth Very High Risk	1.2%	1.0%	₹17188.24 Cr	15.9%
HSBC ELSS Fund Direct Growth Very High Risk	1.2%	0.0%	₹4228.75 Cr	1.9%
HSBC Equity Savings Fund Direct Growth Moderate Risk	1.6%	0.0%	₹1475.34 Cr	6.9%
HSBC Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹875.45 Cr	6.3%
HSBC Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3869.86 Cr	4.9%
HSBC Corporate Bond Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6058.07 Cr	4.9%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹121.14 Cr	3.0%
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HSBC Gilt Fund Direct Growth Moderate Risk	0.5%	0.0%	₹155.52 Cr	1.8%
HSBC Medium Duration Direct Growth Moderately High risk	0.4%	0.0%	₹683.93 Cr	5.1%
HSBC Focused Fund Direct Growth Very High Risk	1.0%	1.0%	₹1843.06 Cr	5.7%
HSBC Business Cycles Fund Direct Growth Very High Risk	1.1%	1.0%	₹1229.28 Cr	1.2%
HSBC Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹4535.24 Cr	5.3%
HSBC Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	0.0%	₹156.36 Cr	1.5%
HSBC Large Cap Fund Direct Growth Very High Risk	1.5%	1.0%	₹1855.01 Cr	-2.3%
HSBC Global Emerging Markets Fund Direct Growth Very High Risk	0.7%	1.0%	₹519.19 Cr	40.3%
HSBC Brazil Fund Direct Growth Very High Risk	0.9%	1.0%	₹337.53 Cr	27.7%
HSBC Medium to Long Duration Fund Direct Growth Moderate Risk	0.6%	0.0%	₹48.71 Cr	2.9%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹20974.67 Cr	6.5%
HSBC Flexi Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹5999.67 Cr	4.1%
HSBC Tax Saver Equity Fund Direct Growth Very High Risk	1.8%	0.0%	₹243.60 Cr	4.7%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3628.23 Cr	6.5%
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1749.49 Cr	5.3%
HSBC Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹19076.35 Cr	12.4%
HSBC Global Equity Climate Change Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹54.40 Cr	22.6%
HSBC Managed Solutions India Conservative Direct Growth Moderate Risk	0.1%	0.0%	₹530.20 Cr	5.1%
HSBC Managed Solutions India Moderate Direct Growth Moderate Risk	0.6%	1.0%	₹114.99 Cr	9.7%
HSBC Managed Solutions India Growth Direct Growth Very High Risk	0.2%	1.0%	₹48.26 Cr	5.7%
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹180.79 Cr	5.3%
HSBC Arbitrage Fund Direct Growth Low Risk	1.5%	0.0%	₹3288.17 Cr	6.5%
HSBC Nifty Next 50 Index Fund Direct Growth Very High Risk	0.4%	1.0%	₹182.49 Cr	1.6%
HSBC Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	1.0%	₹392.17 Cr	-8.9%
HSBC Large & Mid Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹5931.25 Cr	7.3%
HSBC Multi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹6502.58 Cr	6.8%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth Very High Risk	0.8%	1.0%	₹85.73 Cr	31.8%

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What is the current NAV of HSBC Ultra Short Duration Fund Regular Growth?

The NAV of HSBC Ultra Short Duration Fund Regular Growth, as of 01-Oct-2026, is ₹1463.55.

What are the returns of HSBC Ultra Short Duration Fund Regular Growth?

The fund has generated 6.40% over the last 1 year and 7.01% 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 Ultra Short Duration Fund Regular Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 19.01% in bonds, and 80.99% in cash and cash equivalents.

Who manages the HSBC Ultra Short Duration Fund Regular Growth?

The fund managers responsible for HSBC Ultra Short Duration Fund Regular Growth are:-

Mahesh Chhabria
Rahul Totla

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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HSBC Ultra Short Duration Fund Regular Growth

Fund Overview