HSBC Liquid Fund - Institutional - IDCW - Daily

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.

Category : Liquid Fund

No of Debt Holding 94 (Category Avg - 67.49) | Modified Duration 0.14 Years (Category Avg - 0.15)| Yield to Maturity 6.01% (Category Avg - 5.96%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	1.14%
CD	39.01%	35.50%
T-Bills	21.09%	17.24%
NCD & Bonds	0.00%	4.30%
CP	46.86%	36.85%

Category - Liquid Fund

Security Type	% Weight	Category Average
Government Backed	21.09%	18.37%
Low Risk	85.87%	76.50%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Liquid Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - T-Bill	T-Bills	Other			5224.41	3.09%	5.25 Cr
Bond - T-Bill	T-Bills	Other			5140.81	3.05%	5.15 Cr
Bond - Bajaj Housing Finance Ltd.	CP	Housing finance company	P1+	CRISIL	4991.69	2.96%	10.00 k
Bond - Bank Of India	CD	Public sector bank	P1+	CRISIL	4973.16	2.95%	10.00 k
Bond - T-Bill	T-Bills	Other			4970.47	2.94%	5.00 Cr
Bond - T-Bill	T-Bills	Other			4736.78	2.81%	4.75 Cr
Bond - T-Bill	T-Bills	Other			4482.79	2.66%	4.50 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	3964.99	2.35%	8.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	3473.79	2.06%	7.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	3223.45	1.91%	6.50 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2987.55	1.77%	6.00 k
Bond - Can Fin Homes Ltd.	CP	Housing finance company	PR1+	CARE	2994.42	1.77%	6.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	A1+	ICRA	2991.35	1.77%	6.00 k
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2990.58	1.77%	6.00 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	2990.53	1.77%	6.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	PR1+	CARE	2744.58	1.63%	5.50 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	2729.37	1.62%	5.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2719.06	1.61%	5.50 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	2493.22	1.48%	5.00 k
Bond - Sikka Ports & Terminals Ltd.	CP	Port & port services	P1+	CRISIL	2497.95	1.48%	5.00 k
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	2491.80	1.48%	5.00 k
Bond - T-Bill	T-Bills	Other			2498.11	1.48%	2.50 Cr
Bond - T-Bill	T-Bills	Other			2495.54	1.48%	2.50 Cr
Bond - Bharti Airtel Ltd.	CP	Telecom - cellular & fixed line services	F1+	FITCH	2486.86	1.47%	5.00 k
Bond - Bajaj Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	2483.22	1.47%	5.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	2486.60	1.47%	5.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2480.88	1.47%	5.00 k
Bond - T-Bill	T-Bills	Other			2440.70	1.45%	2.45 Cr
Bond - T-Bill	T-Bills	Other			2288.79	1.36%	2.30 Cr
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2243.10	1.33%	4.50 k
Bond - PNB Housing Finance Ltd.	CP	Housing finance company	P1+	CRISIL	2243.99	1.33%	4.50 k
Bond - Titan Company Ltd.	CP	Gems, jewellery and watches	PR1+	CARE	2240.45	1.33%	4.50 k
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	2223.21	1.32%	4.50 k
Bond - Punjab National Bank	CD	Public sector bank	A1+	ICRA	2185.75	1.29%	4.40 k
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1994.55	1.18%	4.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1984.86	1.18%	4.00 k
Bond - SRF Ltd.	CP	Specialty chemicals	P1+	CRISIL	1996.03	1.18%	4.00 k
Bond - Motilal Oswal Financial Services Ltd.	CP	Stockbroking & allied	A1+	ICRA	1995.73	1.18%	4.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	A1+	ICRA	1993.59	1.18%	4.00 k
Bond - Motilal Oswal Financial Services Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1991.35	1.18%	4.00 k
Bond - National Thermal Power Corporation Ltd.	CP	Power generation	P1+	CRISIL	1989.67	1.18%	4.00 k
Bond - Tata Steel Ltd.	CP	Iron & steel products	A1+	ICRA	1987.73	1.18%	4.00 k
Bond - Reliance Jio Infocomm Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	1985.57	1.18%	4.00 k
Bond - Godrej Consumer Products Ltd	CP	Personal care	P1+	CRISIL	1982.64	1.17%	4.00 k
Bond - Tata Power Co. Ltd.	CP	Integrated power utilities	P1+	CRISIL	1982.54	1.17%	4.00 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	1981.30	1.17%	4.00 k
Bond - Network 18 Media & Invst. Ltd.	CP	Media & entertainment	F1+	FITCH	1746.81	1.03%	3.50 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	PR1+	CARE	1497.17	0.89%	3.00 k
Bond - Export Import Bank Of India	CP	Financial institution	P1+	CRISIL	1496.14	0.89%	3.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1495.31	0.89%	3.00 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1494.79	0.89%	3.00 k
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	A1+	ICRA	1494.51	0.89%	3.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	1494.02	0.89%	3.00 k
Bond - Axis Bank Ltd.	CD	Private sector bank	A1+	ICRA	1488.87	0.88%	3.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	1488.35	0.88%	3.00 k
Bond - Federal Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1481.83	0.88%	3.00 k
Bond - T-Bill	T-Bills	Other			1299.02	0.77%	1.30 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	1243.11	0.74%	2.50 k
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	A1+	ICRA	1238.28	0.73%	2.50 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1041.47	0.62%	2.10 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	998.55	0.59%	2.00 k
Bond - IDFC First Bank Ltd.	CD	Private sector bank	P1+	CRISIL	997.25	0.59%	2.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	997.12	0.59%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	995.00	0.59%	2.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	994.72	0.59%	2.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	994.53	0.59%	2.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	993.61	0.59%	2.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	992.58	0.59%	2.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	992.51	0.59%	2.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	991.72	0.59%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	989.39	0.59%	2.00 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	989.23	0.59%	2.00 k
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	988.78	0.59%	2.00 k
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	988.59	0.59%	2.00 k
Bond - 360 ONE WAM Ltd.	CP	Other financial services	PR1+	CARE	999.43	0.59%	2.00 k
Bond - Sharekhan Ltd.	CP	Stockbroking & allied	A1+	ICRA	999.09	0.59%	2.00 k
Bond - Hindustan Zinc Ltd.	CP	Zinc	A1+	ICRA	996.68	0.59%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	995.73	0.59%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	995.37	0.59%	2.00 k
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	P1+	CRISIL	992.42	0.59%	2.00 k
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	PR1+	CARE	984.15	0.58%	2.00 k
Bond - 360 One Prime Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	983.92	0.58%	2.00 k
Bond - SBICAP Securities Ltd.	CP	Stockbroking & allied	A1+	ICRA	983.86	0.58%	2.00 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	749.37	0.44%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	747.12	0.44%	1.50 k
Bond - Dalmia Cement (Bharat) Ltd.	CP	Cement & cement products	P1+	CRISIL	747.01	0.44%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	746.99	0.44%	1.50 k
Bond - Aditya Birla Capital Ltd.	CP	Life insurance	P1+	CRISIL	746.88	0.44%	1.50 k
Bond - Godrej Industries Ltd	CP	Animal feed	P1+	CRISIL	746.10	0.44%	1.50 k
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	743.04	0.44%	1.50 k
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	P1+	CRISIL	496.36	0.29%	1.00 k
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	497.35	0.29%	1.00 k
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	494.48	0.29%	1.00 k
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	494.47	0.29%	1.00 k