Investment Objective and Approach

The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. This overnight fund is an open ended debt scheme investing in overnight securities. The fund follows relatively low interest rate risk and relatively low credit risk investment approach.

HSBC Mutual Fund's Fixed Income investment team operate on three core pillars. Risk Management is core to the way we do business. It's our endeavor to bring the same in management of HSBC Overnight Fund · To ensure optimal liquidity to suit the investor's requirements in various situations, our fund managers follow stringent liquidity norms

The fund primarily invests in overnight securities which mature within one business day, making it suitable for investors seeking capital preservation with minimal interest rate risk.

Fund Managers

Kapil Punjabi is the Current Fund Manager of HSBC Overnight Fund Direct Growth fund. Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA. Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt.

The fund management team brings extensive experience in fixed income securities and follows disciplined risk management practices to maintain the fund's low-risk profile.

About the Fund House (AMC)

HSBC Mutual Fund was established in 2002 to provide its investors with the best investment ideas, and expertise that lead to wealth creation and protection of assets. Since its inception, the fund house has grown to become one of the leading AMCs in India.

Part of HSBC Securities and Capital Markets (India) Private Limited, HSBC Mutual Funds is one of the leading AMCs in the investment market of the country. Being a part of the 7th largest bank in the world, it offers international quality investment options and services to prospective investors across the nation.

Key highlights about HSBC Mutual Fund:

- Serves more than 1 million customers through its 1000 plus offices spread all over India

- Operates with a total corpus of Rs. 109825.42 Crore as of 2024, and offers more than 103 different types of schemes

- An abbreviation of the Hong Kong and Shanghai Banking Corporation, the HSBC empire is over 100 years old and was established by Sir Thomas Sutherland in 1886. It is the world's 7th largest bank in terms of total assets and revenues.

- Its registration number for the Securities and Exchange Board of India (Mutual Funds) under SEBI's guidelines is MF/046/02/5 (dated May 27, 2002).

Should I Invest in HSBC Overnight Fund?

HSBC Overnight Fund can be suitable for investors with specific financial objectives and risk profiles:

Ideal for:

- Conservative investors seeking capital preservation

- Those requiring high liquidity with minimal exit restrictions

- Investors looking for an alternative to savings accounts with potentially better returns

- Portfolio diversification with low-risk debt allocation

- Emergency fund parking with easy redemption facility

Key Fund Metrics (as of November 20, 2024):

- Asset Under Management(AUM) of ₹1,18,706 Cr and the Latest NAV as of 20 Nov 2024 is ₹1,305.68

- Expense ratio · 0.06%

- The fund's annualized returns for the past 3 years & 5 years has been around 6.47% & 5.25%

- Exit Load · 0% in 0 days

- The HSBC Overnight Fund Direct Growth is rated Low risk

Investment Requirements:

- Lump sum minimum amount for HSBC Overnight Fund is ₹5,000 and for SIP, it is ₹1,000

The fund offers high liquidity with no exit load and very low expense ratio, making it cost-effective for short-term parking of funds while earning reasonable returns.

FAQs

What is today's NAV of HSBC Overnight Fund?

The latest NAV varies daily. You can check the current NAV on Allvest platform or the official HSBC Asset Management website for real-time updates.

What is the AUM of HSBC Overnight Fund?

The fund currently has an Asset Under Management(AUM) of ₹1,18,706 Cr as of 20 Nov 2024.

What is the expense ratio of HSBC Overnight Fund?

The expense ratio is 0.06%, making it one of the most cost-effective debt funds in the overnight category.

What are the returns of HSBC Overnight Fund since inception?

The fund's annualized returns for the past 3 years & 5 years has been around 6.47% & 5.25% respectively. Historical performance data is available on fund factsheets.

What is the minimum SIP amount to invest in HSBC Overnight Fund?

For SIP, the minimum investment amount is ₹1,000 monthly.

How do I invest in HSBC Overnight Fund?

You can invest through Allvest platform online by completing KYC requirements, selecting the fund, and choosing between lump sum or SIP investment options.

How to start a SIP in HSBC Overnight Fund?

Register on Allvest, complete your KYC, select HSBC Overnight Fund, choose "Start SIP" option, set the monthly amount and investment date for automated investing.

How do I automate an SIP in HSBC Overnight Fund?

Through Allvest platform, set up auto-debit instructions with your bank account to enable automatic monthly SIP investments without manual intervention.

How can I withdraw/redeem my investment in HSBC Overnight Fund?

The fund has Exit Load · 0% in 0 days, allowing instant redemption. Submit redemption request through Allvest platform and funds typically reflect in your account within 1-2 business days.