Edelweiss Ultra Short to Short term Fund vs HSBC Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Ultra Short to Short term Fund and HSBC Ultra Short to Short Term Fund are both Low Duration funds. In the year to 30-10-2026, Edelweiss Ultra Short to Short term Fund (Direct) returned 5.9% and HSBC Ultra Short to Short Term Fund (Direct) returned 5.9%. Edelweiss Ultra Short to Short term Fund charges 0.25% a year and HSBC Ultra Short to Short Term Fund 0.40% (Direct plans). Their portfolios overlap 0.3%: they hold 1 of the same security.
Edelweiss Ultra Short to Short term Fund
Low Duration
- 1 year return
- 5.9%
- Expense ratio
- 0.25%
- NAV
- ₹1,109.88
HSBC Ultra Short to Short Term Fund
Low Duration
- 1 year return
- 5.9%
- Expense ratio
- 0.40%
- NAV
- ₹32.79
Which is better, Edelweiss Ultra Short to Short term or HSBC Ultra Short to Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HSBC Ultra Short to Short Term returned more over 1 year: 5.9% against 5.9%.
- Edelweiss Ultra Short to Short term costs less: 0.25% a year against 0.40% (Direct plans).
- Edelweiss Ultra Short to Short term fell less in its worst fall since 21-03-2025: −0.2% against −0.2%.
- HSBC Ultra Short to Short Term is the larger fund: ₹847 Cr against ₹454 Cr.
- Their portfolios overlap 0.3%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Edelweiss Ultra Short to Short term Fund | HSBC Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | HSBC Mutual Fund |
| Category | Low Duration | Low Duration |
| AUM | ₹454 Cr (30-09-2026) | ₹847 Cr (30-09-2026) |
| NAV | ₹1,109.88 (Direct) | ₹32.79 (Direct) |
| Expense ratio (Direct) | 0.25% | 0.40% |
| Expense ratio (Regular) | 0.97% | 0.96% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Low Duration Debt A-I Index | NIFTY Low Duration Debt Index A-I |
| Launch date | 20-03-2025 | 04-12-2010 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Hetul Raval, Kedar Karnik | Shriram Ramanathan, Mohd Asif Rizwi |
| Exit load | Nil | Nil |
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Edelweiss Ultra Short to Short term Fund (Direct) | +0.18% | +1.15% | +2.98% | +5.86% | -- | -- | -- |
| HSBC Ultra Short to Short Term Fund (Direct) | +0.16% | +1.13% | +2.98% | +5.86% | +7.71% | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | +7.22% | -- | -- |
Category average: the average of the 25 Low Duration funds, same plan type.
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Year-wise Returns
| Year | EdelweissEdelweiss Ultra Short to Short term | HSBCHSBC Ultra Short to Short Term |
|---|---|---|
| 2026to date | +4.77% | +4.85% |
| 2025 | -- | +9.13% |
| 2024 | -- | +7.91% |
| 2023 | -- | +7.54% |
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 147 of them, one for each trading day from 23-03-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Edelweiss Ultra Short to Short term Fund (Direct)
HSBC Ultra Short to Short Term Fund (Direct)
to
Apr 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Ultra Short to Short term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.2% | 5.8% | 6.8% |
| HSBC Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.3% | 5.8% | 8.3% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 21-03-2025. Past returns do not promise future returns.
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 21-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Ultra Short to Short termEdelweiss Ultra Short to Short term Fund (Direct) | ₹2,00,000 | ₹2,10,457 | ₹10,457 | 6.0% |
| HSBC Ultra Short to Short TermHSBC Ultra Short to Short Term Fund (Direct) | ₹2,00,000 | ₹2,10,871 | ₹10,871 | 6.2% |
Edelweiss Ultra Short to Short termEdelweiss Ultra Short to Short term Fund (Direct)
HSBC Ultra Short to Short TermHSBC Ultra Short to Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Ultra Short to Short term Fund (Direct) | HSBC Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.86% | +5.86% |
| Standard deviation | 0.60% | 0.61% |
| Sharpe ratio | 1.03 | 1.01 |
| Sortino ratio | 1.52 | 1.47 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.2% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss Ultra Short to Short term Fund (Direct) | HSBC Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.64% | +7.66% |
| Standard deviation | 0.57% | 0.79% |
| Sharpe ratio | 2.13 | 1.87 |
| Sortino ratio | 3.51 | 5.44 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.2% (21-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 21-03-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Edelweiss Ultra Short to Short term Fund (Direct)
HSBC Ultra Short to Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Ultra Short to Short term Fund (Direct) | −0.2% | 11-05-2026 | 21-05-2026 | 29-05-2026 | 8 days | −0.0% |
| HSBC Ultra Short to Short Term Fund (Direct) | −0.2% | 11-05-2026 | 21-05-2026 | 29-05-2026 | 8 days | −0.0% |
From daily values since 21-03-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss Ultra Short to Short term Fund (Direct)
HSBC Ultra Short to Short Term Fund (Direct)
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Ultra Short to Short term Fund, September 2026; HSBC Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 0.3%
- Held by both
- 1
- Only in Edelweiss Ultra Short to Short term
- 22
- Only in HSBC Ultra Short to Short Term
- 36
| Security | % of Edelweiss Ultra Short to Short term | % of HSBC Ultra Short to Short Term |
|---|---|---|
| SBI CDMDF--A2 | 0.32% | 0.32% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.3% means 0.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Edelweiss Ultra Short to Short term Fund
| Security | % of fund |
|---|---|
| 7.25% MAHARASHTRA SDL RED 28-12-2026 | 5.53% |
| 7.74% HPCL NCD RED 02-03-2028 | 5.53% |
| 7.59%NATIONAL HOUSING BANK NCD 08-09-27 | 5.51% |
| 8.75% PIRAMAL FINANCE LTD 29-10-27 | 5.51% |
| 7.35% EXIM BANK SR AA02 NCD 27-07-2028 | 5.49% |
Largest holdings only in HSBC Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| REC Limited | 6.14% |
| 7.38% GOI MAT 20-Jun-2027 | 6.07% |
| Power Finance Corporation Limited | 6.03% |
| Punjab National Bank | 5.77% |
| EXIM Bank | 5.74% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Ultra Short to Short term | HSBC Ultra Short to Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 96.7% | 96.6% |
| Cash and others | 3.3% | 3.4% |
Edelweiss Ultra Short to Short term vs HSBC Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Ultra Short to Short term Fund | HSBC Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.25% | 0.40% |
| Base expense ratio (Direct) | 0.21% | 0.33% |
| Total expense ratio (Regular) | 0.97% | 0.96% |
| Base expense ratio (Regular) | 0.83% | 0.81% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Edelweiss Ultra Short to Short term with
Compare HSBC Ultra Short to Short Term with
Edelweiss Ultra Short to Short term Fund vs HSBC Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Edelweiss Ultra Short to Short term Fund and HSBC Ultra Short to Short Term Fund?
Both are Low Duration funds, run by Edelweiss Mutual Fund and HSBC Mutual Fund. Their portfolios overlap 0.3%. Edelweiss Ultra Short to Short term Fund charges 0.25% a year and HSBC Ultra Short to Short Term Fund 0.40%.
Which has given higher returns, Edelweiss Ultra Short to Short term Fund or HSBC Ultra Short to Short Term Fund?
Over 1 year: Edelweiss Ultra Short to Short term Fund +5.86%, HSBC Ultra Short to Short Term Fund +5.86%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Ultra Short to Short term Fund or HSBC Ultra Short to Short Term Fund?
Edelweiss Ultra Short to Short term Fund charges less: 0.25% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Ultra Short to Short term Fund and HSBC Ultra Short to Short Term Fund overlap?
0.3%. They hold 1 of the same securities, the largest shared ones being SBI CDMDF--A2. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Ultra Short to Short term Fund or HSBC Ultra Short to Short Term Fund?
On SEBI's riskometer, Edelweiss Ultra Short to Short term Fund is rated Low to Moderate and HSBC Ultra Short to Short Term Fund Low to Moderate. Over 1 years, the standard deviation of daily returns was 0.60% and 0.61% a year.
Can I invest in both Edelweiss Ultra Short to Short term Fund and HSBC Ultra Short to Short Term Fund?
Yes. 0.3% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Edelweiss Ultra Short to Short term Fund and HSBC Ultra Short to Short Term Fund?
Edelweiss Ultra Short to Short term Fund: Hetul Raval, Kedar Karnik. HSBC Ultra Short to Short Term Fund: Shriram Ramanathan, Mohd Asif Rizwi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.