HSBC Banking and PSU Debt Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Scheme Objective

The investment objective of the Scheme is to seek to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.

Scheme Details

Fund manager(s) – Mahesh A. Chhabria , Mohd Asif Rizwi
Launch date – 01-Jan-2013
Expense ratio – 0.23% as declared on 30-Sep-2025 (category average is 0.33%)
Benchmark - NIFTY Banking & PSU Debt Index A-II

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

4425.66

0.00

0.00%

Sep - 2025	4425.66	0.00%
Aug - 2025	4572.44	0.00%
Jul - 2025	4675.91	0.00%
Jun - 2025	4667.01	0.00%
May - 2025	4294.57	0.00%
Apr - 2025	4272.40	0.00%
Mar - 2025	4250.58	0.00%
Feb - 2025	4246.12	0.00%
Jan - 2025	4128.58	0.00%

2024

4085.74

0.00

0.00%

Dec - 2024	4085.74	0.00	0.00%
Nov - 2024	4390.92	0.00	0.00%
Oct - 2024	4491.24	0.00	0.00%
Sep - 2024	4204.44	0.00	0.00%
Aug - 2024	4600.16	0.00	0.00%
Jul - 2024	4802.31	0.00	0.00%
Jun - 2024	4681.63	0.00	0.00%
May - 2024	4731.55	81477.95	5.81%
Apr - 2024	4634.35	80680.29	5.74%
Mar - 2024	4649.66	80890.55	5.75%
Feb - 2024	4594.65	80223.63	5.73%
Jan - 2024	4498.05	80069.00	5.62%

2023

4497.14

80183.65

5.61%

Dec - 2023	4497.14	80183.65	5.61%
Nov - 2023	4483.07	80346.64	5.58%
Oct - 2023	4488.58	79368.49	5.66%
Sep - 2023	4494.23	79654.45	5.64%
Aug - 2023	4556.35	80332.61	5.67%
Jul - 2023	4612.35	80956.57	5.70%
Jun - 2023	4766.97	81787.54	5.83%
May - 2023	4794.47	81736.87	5.87%
Apr - 2023	4782.91	81110.56	5.90%
Mar - 2023	4702.54	78484.15	5.99%
Feb - 2023	3779.08	73314.34	5.15%
Jan - 2023	3786.66	73318.83	5.16%

2022

4578.53

74208.59

6.17%

Dec - 2022	4578.53	74208.59	6.17%
Nov - 2022	4707.31	75252.58	6.26%
Oct - 2022	4578.88	76651.58	5.97%
Sep - 2022	4526.44	77785.30	5.82%
Aug - 2022	4530.30	81880.91	5.53%
Jul - 2022	4439.28	82785.88	5.36%
Jun - 2022	4396.09	85128.49	5.16%
May - 2022	4381.33	88850.75	4.93%
Apr - 2022	4378.00	90323.24	4.85%
Mar - 2022	4445.86	93415.66	4.76%
Feb - 2022	4425.07	101302.44	4.37%
Jan - 2022	3416.48	104608.33	3.27%

2021

3434.86

106513.22

3.22%

Dec - 2021	3434.86	106513.22	3.22%
Nov - 2021	4074.23	113508.73	3.59%
Oct - 2021	4586.39	116806.57	3.93%
Sep - 2021	4963.00	117918.18	4.21%
Aug - 2021	5164.40	122278.79	4.22%
Jul - 2021	4779.49	120422.40	3.97%
Jun - 2021	4678.90	120829.19	3.87%
May - 2021	4804.27	120285.43	3.99%
Apr - 2021	4775.82	119665.32	3.99%
Mar - 2021	4840.13	118145.36	4.10%
Feb - 2021	5122.50	125193.80	4.09%
Jan - 2021	5485.65	127435.11	4.30%

2020

5707.04

124611.44

4.58%

Dec - 2020	5707.04	124611.44	4.58%
Nov - 2020	6155.03	123371.11	4.99%
Oct - 2020	4472.35	118432.81	3.78%
Sep - 2020	4103.36	111348.87	3.69%
Aug - 2020	3544.41	104914.41	3.38%
Jul - 2020	3648.23	103791.81	3.51%
Jun - 2020	3806.44	96186.47	3.96%
May - 2020	4029.32	89853.66	4.48%
Apr - 2020	3685.78	79340.17	4.65%
Mar - 2020	2890.50	71984.40	4.02%
Feb - 2020	3799.62	78722.15	4.83%
Jan - 2020	3442.21	74112.05	4.64%

Tax Rate

Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details

HSBC Asset Management (India) Private Ltd.

9-11 Floors, NESCO IT Park, Building no. 3, Western Express Highway, Goregaon (East) Mumbai 400063
Tel no.: 022-66145000
Fax no.: 022-40029600
Website.: https://www.assetmanagement.hsbc.co.in

Forum

NITINPIMPALE
MF Investment Help
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7 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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19 days ago

View more

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The Fixed Income
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1 hr ago

Invest in Stability with Long-Term Growth! 9.41% INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 2037 ✔️ Coupon: 9.41% ✔️ Rating: CARE AAA Stable ✔️ Tenor: 11y 9m (Maturity: 27/Jul/2037) Secured Bond | PSU Bond | High Return Bond | Listed Enjoy a secure, government-backed investment with steady returns over the long term. ???? Explore on The Fixed Income :https://www.thefixedincome.com/product/dUJHdFp3PT0=/941-india-infrastructure-finance-company-limited-2037?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Invest in Stability with Long-Term Growth! 9.41% INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 2037 ✔️ Coupon: 9.41% ✔️ Rating: CARE AAA Stable ✔️ Tenor: 11y 9m (Maturity: 27/Jul/2037) Secured Bond | PSU Bond | High Return Bond | Listed Enjoy a secure, government-backed investment with steady returns over the long term. ???? Explore on The Fixed Income :https://www.thefixedincome.com/product/dUJHdFp3PT0=/941-india-infrastructure-finance-company-limited-2037?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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70 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
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83 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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120 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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