HSBC Banking and PSU Debt Fund is a Banking & PSU fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹3,722 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.7% a year and its Regular plan returned 6.3% a year. Its benchmark, NIFTY Banking & PSU Debt Index A-II, returned 6.6% a year over the same 3 years.
NAV (Direct plan)
₹27.14
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹25.65
▲ 0.02% · 30-10-2026
Expense ratio
0.28%Direct0.61%Regular
0.28%
A year
Riskometer
Moderate
Set by the fund house
3 year return
6.7%Direct6.3%Regular
6.7%
A year
HSBC Banking and PSU Debt Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹27.14 (up 0.02% that day); Regular Plan Growth ₹25.65 (up 0.02% that day).
This fund (Direct plan)
₹27.1403
HSBC Banking and PSU Debt Fund Returns vs NIFTY Banking & PSU Debt Index A-II
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.24%
−0.04%
+2.24%
+3.81%
+6.70%
--
--
This fund (Regular)
−0.26%
−0.12%
+2.06%
+3.46%
+6.32%
--
--
NIFTY Banking & PSU Debt Index A-II
+0.16%
+0.57%
+2.67%
+4.43%
+6.60%
+5.65%
--
Banking & PSU average
−0.21%
+0.14%
+2.36%
+4.04%
+6.88%
--
--
Best in Banking & PSU
+0.29%
+1.41%
+3.21%
+5.74%
+7.47%
--
--
Worst in Banking & PSU
−0.45%
−0.53%
+1.89%
+2.97%
+6.32%
--
--
Rank in Banking & PSU
9/19
10/19
10/19
12/19
15/18
--
--
Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
HSBC Banking and PSU Debt Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+3.10%
+2.81%
2025
+7.90%
+7.53%
2024
+7.68%
+7.26%
2023
+6.90%
+6.49%
HSBC Banking and PSU Debt Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 222 periods, one for each trading day from 28-11-2025 to 30-10-2026.
0%2%4%6%8%
HSBC Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
Dec 2022 to Dec 2025Feb 2023 to Feb 2026Apr 2023 to Apr 2026Jun 2023 to Jun 2026Aug 2023 to Aug 2026Oct 2023 to Oct 2026
HSBC Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
0%
0%
Below 0%
0%
0%
0-5%
100%
100%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
708
7.5%
3.6%
10.0%
0%
7.7%
35%
2 years
466
7.5%
6.1%
8.3%
0%
7.7%
11%
3 years
222
7.1%
6.6%
7.6%
0%
7.3%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
36
7.3%
3.4%
10.8%
0%
7.5%
31%
2 years
24
7.4%
5.6%
9.2%
0%
7.8%
38%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
HSBC Banking and PSU Debt Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+3.81%
+4.04%
Standard deviation
1.32%
1.18%
Sharpe ratio
-1.08
-1.02
Sortino ratio
-1.48
-1.39
Maximum drawdown
−0.65%
(23-10-2026)
−0.54%
(02-04-2026)
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.
Measure
HSBC Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.70%
+6.89%
Standard deviation
1.00%
1.00%
Sharpe ratio
0.67
0.87
Sortino ratio
1.00
1.29
Maximum drawdown
−0.65%
(23-10-2026)
−0.54%
(02-04-2026)
From daily NAVs, 30-10-2023 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.
Measure
HSBC Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.62%
+6.82%
Standard deviation
0.97%
0.94%
Sharpe ratio
0.45
0.69
Sortino ratio
0.67
1.01
Maximum drawdown
−0.65%
(23-10-2026)
−0.54%
(02-04-2026)
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.
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.
−0.8%−0.6%−0.4%−0.2%0%
HSBC Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
2023202420252026
HSBC Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Banking and PSU Debt Fund (Direct)
−0.65%
14-08-2026
23-10-2026
Not yet
--
−0.49%
Category average
−0.54%
11-03-2026
02-04-2026
09-04-2026
7 days
−0.37%
From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HSBC Banking and PSU Debt Fund vs Other Banking & PSU Funds
The five Banking & PSU funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
HSBC Banking and PSU Debt Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Banking & PSU median
Cost rank (1 = cheapest)
Direct
0.23%
0.01%
0.00%
0.04%
0.28%
0.36%
5/19
Regular
0.51%
0.01%
0.00%
0.09%
0.61%
0.70%
3/19
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
3.46%
3.81%
0.35%
₹1,03,460
₹1,03,810
3 years
6.32%
6.70%
0.38% a year
₹1,20,184
₹1,21,477
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
HSBC Banking and PSU Debt Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 28-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planHSBC Banking and PSU Debt Fund (Direct)
₹4,80,000
₹5,43,226
₹63,226
6.1%
Regular planHSBC Banking and PSU Debt Fund (Regular)
Direct planHSBC Banking and PSU Debt Fund (Direct)Regular planHSBC Banking and PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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.
HSBC Banking and PSU Debt Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
95.3%Debt
Asset
Fund
Category
Debt
95.3%
91.5%
Cash and others
4.7%
8.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.
Rating
Fund
Category
Sovereign
7.7%
8.9%
AAA and A1+
87.6%
81.8%
HSBC Banking and PSU Debt Fund Portfolio Holdings
As on 30-09-2026 · 72 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
EXIM Bank · Bond
CRISIL AAA
3.51%
6.94% GOI 11-May-2036 · Government security
SOVEREIGN
3.39%
NABARD · Bond
CRISIL AAA
3.08%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
2.94%
EXIM Bank · Bond
CRISIL AAA
2.80%
Bharti Telecom Limited · Bond
CRISIL AAA
2.76%
Housing and Urban Development Corp. Ltd. · Bond
ICRA AAA
2.69%
Shivshakti Securitisation Trust
CRISIL AAA(SO)
2.18%
EXIM Bank · Bond
CRISIL AAA
2.09%
National Housing Bank · Bond
IND AAA
2.08%
Power Finance Corporation Limited · Bond
CRISIL AAA
2.06%
REC Limited · Bond
ICRA AAA
2.05%
Bajaj Finance Limited · Bond
CRISIL AAA
2.03%
Housing and Urban Development Corp. Ltd. · Bond
ICRA AAA
2.01%
Canara Bank · Certificate of deposit
CRISIL A1+
1.97%
REC Limited · Bond
CRISIL AAA
1.92%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
1.91%
HDFC Bank Limited · Certificate of deposit
CARE A1+
1.69%
HDFC Bank Limited · Bond
CRISIL AAA
1.45%
LIC Housing Finance Limited · Bond
CRISIL AAA
1.44%
SIDBI · Bond
CRISIL AAA
1.43%
SIDBI · Bond
CRISIL AAA
1.42%
NABARD · Bond
ICRA AAA
1.40%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
1.38%
Tata Capital Ltd · Bond
CRISIL AAA
1.38%
SIDBI · Bond
CRISIL AAA
1.38%
Bajaj Finance Limited · Bond
CRISIL AAA
1.37%
NABARD · Bond
CRISIL AAA
1.37%
National Housing Bank · Bond
CRISIL AAA
1.37%
SIDBI · Bond
CRISIL AAA
1.37%
NABARD · Bond
CRISIL AAA
1.35%
Embassy Office Parks REIT · Bond
CRISIL AAA
1.33%
Bank of Baroda · Certificate of deposit
CARE A1+
1.31%
Bank of Baroda · Certificate of deposit
IND A1+
1.31%
Indian Bank · Certificate of deposit
CRISIL A1+
1.31%
Punjab National Bank · Certificate of deposit
CARE A1+
1.31%
Canara Bank · Certificate of deposit
CRISIL A1+
1.31%
Punjab National Bank · Certificate of deposit
CRISIL A1+
1.30%
Canara Bank · Certificate of deposit
CRISIL A1+
1.30%
Indian Bank · Certificate of deposit
CRISIL A1+
1.28%
Power Finance Corporation Limited · Bond
CRISIL AAA
1.25%
REC Limited · Bond
ICRA AAA
1.15%
7.02% Gujarat SDL - 11-Feb-2031 · State government security
SOVEREIGN
1.14%
SIDBI · Bond
CRISIL AAA
1.10%
REC Limited · Bond
ICRA AAA
1.08%
Siddhivinayak Securitisation Trust
CRISIL AAA(SO)
1.03%
6.48% GOI 06Oct2035 · Government security
SOVEREIGN
0.93%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
0.86%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
0.83%
6.36% GOI 16-Feb-2031 · Government security
SOVEREIGN
0.80%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
0.74%
National Highways Authority of India · Bond
CRISIL AAA
0.72%
NABARD · Bond
ICRA AAA
0.70%
Mahindra & Mahindra Financial Serv Ltd. · Bond
CRISIL AAA
0.69%
Power Finance Corporation Limited · Bond
CRISIL AAA
0.69%
REC Limited · Bond
ICRA AAA
0.69%
NABARD · Bond
CRISIL AAA
0.68%
7.72% Maharashtra SDL - 23-Mar-2032 · State government security
SOVEREIGN
0.68%
REC Limited · Bond
CRISIL AAA
0.68%
Indian Railway Finance Corporation Ltd · Bond
CRISIL AAA
0.68%
Embassy Office Parks REIT · Bond
CRISIL AAA
0.67%
6.01% GOI 21Jul2030 · Government security
SOVEREIGN
0.66%
Bank of Baroda · Certificate of deposit
IND A1+
0.66%
REC Limited · Commercial paper
CRISIL A1+
0.65%
Union Bank of India · Certificate of deposit
ICRA A1+
0.65%
Kotak Mahindra Prime Limited
CRISIL AAA
0.56%
Embassy Office Parks REIT · Bond
CRISIL AAA
0.48%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)
AIF
0.38%
Power Grid Corporation of India Limited · Bond
CRISIL AAA
0.28%
SIDBI · Bond
CRISIL AAA
0.27%
REC Limited · Bond
CRISIL AAA
0.14%
7.59% Gujarat SDL - 27-Aug-2041 · State government security
SOVEREIGN
0.08%
HSBC Banking and PSU Debt Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
HSBC Banking and PSU Debt Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.28%
Expense ratio (Regular)
0.61%
Category
Banking & PSU
Risk
Moderate
Benchmark
NIFTY Banking & PSU Debt Index A-II
Launch date
20-09-2007
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹3,722.07 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151107
ISIN (Direct)
INF917K01HH5
Scheme code (Regular)
151104
ISIN (Regular)
INF677K01AE7
NAV history
From 28-11-2022, 3.9 years
Exit load
Nil
Tax on HSBC Banking and PSU Debt Fund returns
HSBC Banking and PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹27.1403
30-10-2026
direct
Daily IDCW
₹11.1355
30-10-2026
direct
Monthly IDCW
₹10.9638
30-10-2026
direct
Weekly IDCW
₹10.2964
30-10-2026
regular
Growth
₹25.653
30-10-2026
regular
Daily IDCW
₹11.0534
30-10-2026
regular
Monthly IDCW
₹10.1446
30-10-2026
regular
Weekly IDCW
₹10.2647
30-10-2026
About HSBC Banking and PSU Debt Fund
HSBC Banking and PSU Debt Fund is a mutual fund from HSBC Mutual Fund. Its category is Banking & PSU. It was launched on 20-09-2007. Its benchmark is NIFTY Banking & PSU Debt Index A-II. At the end of September 2026 it held 72 securities.
Fund Manager
Mahesh Chhabria
Fund manager of HSBC Banking and PSU Debt Fund, since 26-11-2022
Mohd. Asif Rizwi
Fund manager of HSBC Banking and PSU Debt Fund, since 01-05-2024
Frequently Asked Questions for HSBC Banking and PSU Debt Fund
What is the current NAV of HSBC Banking and PSU Debt Fund?
The Direct plan NAV is ₹27.1403. The Regular plan NAV is ₹25.653, as on 30-10-2026.
What are the returns of HSBC Banking and PSU Debt Fund?
The Direct plan returned +3.81% in 1 year, +6.70% a year over 3 years. The Regular plan returned +3.46% in 1 year, +6.32% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Banking and PSU Debt Fund?
The Direct plan charges 0.28% a year. The Regular plan charges 0.61% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of HSBC Banking and PSU Debt Fund?
HSBC Banking and PSU Debt Fund managed ₹3,722.07 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Banking and PSU Debt Fund?
At the end of September 2026 the largest holdings were EXIM Bank (3.51%), 6.94% GOI 11-May-2036 (3.39%), NABARD (3.08%), Indian Railway Finance Corporation Ltd (2.94%), EXIM Bank (2.80%). The fund held 72 securities in all.
How do I invest in HSBC Banking and PSU Debt Fund?
Through HSBC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of HSBC Banking and PSU Debt Fund?
What is the exit load of HSBC Banking and PSU Debt Fund?
Nil
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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