HSBC Medium Term Fund vs JioBlackRock Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
HSBC Medium Term Fund is a Medium Duration fund and JioBlackRock Short Term Fund is a Short Duration fund. HSBC Medium Term Fund charges 0.41% a year and JioBlackRock Short Term Fund 0.35% (Direct plans). Their portfolios overlap 13.3%: they hold 2 of the same securities.
JioBlackRock Short Term Fund
Short Duration
- Expense ratio
- 0.35%
- NAV
- ₹1,038.89
Which is better, HSBC Medium Term or JioBlackRock 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.
- JioBlackRock Short Term costs less: 0.35% a year against 0.41% (Direct plans).
- JioBlackRock Short Term fell less in its worst fall since 22-01-2026: −0.3% against −1.0%.
- HSBC Medium Term is the larger fund: ₹684 Cr against ₹113 Cr.
- Their portfolios overlap 13.3%: 2 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 | HSBC Medium Term Fund | JioBlackRock Short Term Fund |
|---|---|---|
| Fund house | HSBC Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Medium Duration | Short Duration |
| AUM | ₹684 Cr (31-08-2026) | ₹113 Cr (30-09-2026) |
| NAV | ₹23.78 (Direct) | ₹1,038.89 (Direct) |
| Expense ratio (Direct) | 0.41% | 0.35% |
| Expense ratio (Regular) | 1.12% | 0.99% |
| Riskometer | Moderately High | Low to Moderate |
| Benchmark | NIFTY Medium Duration Debt Index A-III | NIFTY Short Duration Debt Index A-II |
| Launch date | 02-02-2015 | 19-01-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Shriram Ramanathan | Arun Ramachandran, Vikrant Mehta, Siddharth Deb |
| Exit load | Nil | NIL |
HSBC Medium Term vs JioBlackRock 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 |
|---|---|---|---|---|---|---|---|
| HSBC Medium Term Fund (Direct) | −0.30% | −0.25% | +2.20% | +4.26% | +7.50% | -- | -- |
| JioBlackRock Short Term Fund (Direct) | −0.05% | +0.55% | +2.51% | -- | -- | -- | -- |
| Medium Duration average | −0.34% | −0.09% | +2.51% | +4.72% | +7.66% | -- | -- |
| Short Duration average | −0.14% | +0.30% | +2.50% | -- | -- | -- | -- |
Category average: the average of the 13 Medium Duration funds and the 25 Short Duration funds, same plan type.
HSBC Medium Term vs JioBlackRock Short Term: Year-wise Returns
| Year | HSBC MediumHSBC Medium Term | JioBlackRock ShortJioBlackRock Short Term |
|---|---|---|
| 2026to date | +3.33% | -- |
| 2025 | +8.57% | -- |
| 2024 | +8.99% | -- |
| 2023 | +7.72% | -- |
HSBC Medium Term vs JioBlackRock Short Term: Rolling Returns
Every holding period of both funds
HSBC Medium Term vs JioBlackRock Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HSBC Medium Term Fund (Direct) | JioBlackRock Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.40% | +4.90% |
| Standard deviation | 1.19% | 1.00% |
| Sharpe ratio | 1.04 | -0.31 |
| Sortino ratio | 1.52 | -0.45 |
| Maximum drawdown | −1.0% (23-10-2026) | −0.3% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-11-2022 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.
HSBC Medium Term Fund (Direct)
JioBlackRock Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| HSBC Medium Term Fund (Direct) | −1.0% | 14-08-2026 | 23-10-2026 | Not yet | -- | −0.8% |
| JioBlackRock Short Term Fund (Direct) | −0.3% | 22-09-2026 | 23-10-2026 | Not yet | -- | −0.2% |
From daily values since 22-01-2026, the first day every fund has.
HSBC Medium Term vs JioBlackRock Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: HSBC Medium Term Fund, August 2026; JioBlackRock Short Term Fund, September 2026
Holdings in common
- Overlap
- 13.3%
- Held by both
- 2
- Only in HSBC Medium Term
- 28
- Only in JioBlackRock Short Term
- 10
| Security | % of HSBC Medium Term | % of JioBlackRock Short Term |
|---|---|---|
| 6.94% GOI 11-May-2036 | 17.90% | 13.05% |
| Corp Debt Mkt Devlop Fund (SBI AIF Fund) | 0.35% | 0.21% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.3% means 13.3% 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 HSBC Medium Term Fund
| Security | % of fund |
|---|---|
| Delhi International Airport Limited | 4.53% |
| Aditya Birla Renewables Limited | 3.96% |
| JTPM Metal Traders | 3.94% |
| SIDBI | 3.90% |
| JSW Kalinga Steel Ltd | 3.78% |
Largest holdings only in JioBlackRock Short Term Fund
| Security | % of fund |
|---|---|
| 7.7% Small Industries Development Bank Of India (10-Oct-2029) | 8.80% |
| 6.95% REC Ltd (18-Feb-2028) | 8.76% |
| 6.68% LIC Housing Finance Ltd (04-Jun-2028) | 8.68% |
| Bajaj Finance Ltd (03-Feb-2027) | 8.63% |
| Bank of Baroda (05-Mar-2027) | 8.60% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HSBC Medium Term | JioBlackRock Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 98.5% | 92.6% |
| Cash and others | 1.5% | 7.4% |
HSBC Medium Term vs JioBlackRock Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HSBC Medium Term Fund | JioBlackRock Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.41% | 0.35% |
| Base expense ratio (Direct) | 0.34% | 0.27% |
| Total expense ratio (Regular) | 1.12% | 0.99% |
| Base expense ratio (Regular) | 0.94% | 0.84% |
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 HSBC Medium Term with
HSBC Medium Term Fund vs JioBlackRock Short Term Fund: Frequently Asked Questions
What is the difference between HSBC Medium Term Fund and JioBlackRock Short Term Fund?
HSBC Medium Term Fund is a Medium Duration fund, JioBlackRock Short Term Fund is a Short Duration fund, run by HSBC Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 13.3%. HSBC Medium Term Fund charges 0.41% a year and JioBlackRock Short Term Fund 0.35%.
Which has the lower expense ratio, HSBC Medium Term Fund or JioBlackRock Short Term Fund?
JioBlackRock Short Term Fund charges less: 0.35% a year against 0.41%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HSBC Medium Term Fund and JioBlackRock Short Term Fund overlap?
13.3%. They hold 2 of the same securities, the largest shared ones being 6.94% GOI 11-May-2036, Corp Debt Mkt Devlop Fund (SBI AIF Fund). From each fund's latest monthly portfolio.
Which is riskier, HSBC Medium Term Fund or JioBlackRock Short Term Fund?
On SEBI's riskometer, HSBC Medium Term Fund is rated Moderately High and JioBlackRock Short Term Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 1.19% and 1.00% a year.
Can I invest in both HSBC Medium Term Fund and JioBlackRock Short Term Fund?
Yes. 13.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HSBC Medium Term Fund and JioBlackRock Short Term Fund?
HSBC Medium Term Fund: Shriram Ramanathan. JioBlackRock Short Term Fund: Arun Ramachandran, Vikrant Mehta, Siddharth Deb.
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.