HSBC Corporate Bond Fund

Corporate BondDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

HSBC Corporate Bond Fund is a Corporate Bond fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹5,979 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.2% a year and its Regular plan returned 6.8% a year. Its benchmark, NIFTY Corporate Bond Index A-II, returned 6.3% a year over the same 3 years.

NAV (Direct plan): ₹83.06; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹77.69; ▲ 0.03%30-10-2026
Expense ratio: 0.33%Direct0.60%Regular; 0.33%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.2%Direct6.8%Regular; 7.2%; A year

HSBC Corporate Bond Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹83.06 (up 0.03% that day); Regular Plan Growth ₹77.69 (up 0.03% that day).

This fund (Direct plan)

₹83.0575

HSBC Corporate Bond Fund Returns vs NIFTY Corporate Bond 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)	−0.25%	+0.22%	+2.40%	+4.02%	+7.18%	--	--
This fund (Regular)	−0.28%	+0.15%	+2.25%	+3.72%	+6.84%	--	--
NIFTY Corporate Bond Index A-II	+0.06%	+0.27%	+2.36%	+3.75%	+6.33%	+5.64%	--
Corporate Bond average	−0.24%	+0.05%	+2.31%	+4.00%	+7.02%	--	--
Best in Corporate Bond	+0.29%	+1.38%	+3.12%	+5.71%	+7.80%	--	--
Worst in Corporate Bond	−0.60%	−0.87%	+1.72%	+2.83%	+6.50%	--	--
Rank in Corporate Bond	11/21	6/21	7/21	8/21	6/21	--	--

Category rows compare the Direct plans of 21 Corporate Bond funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

HSBC Corporate Bond Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.29%	+3.04%
2025	+8.33%	+8.00%
2024	+8.44%	+8.07%
2023	+6.81%	+6.45%

HSBC Corporate Bond 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%10%

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 Corporate Bond Fund (Direct)Category average, 21 Corporate Bond funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	708	8.0%	3.8%	10.7%	0%	7.9%	64%
2 years	466	8.0%	6.3%	8.8%	0%	7.9%	68%
3 years	222	7.5%	6.8%	8.0%	0%	7.5%	54%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	36	7.5%	3.5%	11.3%	0%	7.6%	53%
2 years	24	8.0%	5.8%	9.7%	0%	8.0%	63%

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 21 Corporate Bond funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

HSBC Corporate Bond Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	HSBC Corporate Bond Fund (Direct)This fund	Category average
Return (CAGR)	+4.02%	+3.99%
Standard deviation	1.27%	1.28%
Sharpe ratio	-0.96	-0.98
Sortino ratio	-1.35	-1.33
Maximum drawdown	−0.71% (21-05-2026)	−0.60% (23-10-2026)

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 Corporate Bond Fund (Direct)This fund	Category average
Return (CAGR)	+7.18%	+7.02%
Standard deviation	1.11%	1.05%
Sharpe ratio	1.04	0.95
Sortino ratio	1.56	1.41
Maximum drawdown	−0.71% (21-05-2026)	−0.60% (23-10-2026)

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 Corporate Bond Fund (Direct)This fund	Category average
Return (CAGR)	+6.95%	+6.96%
Standard deviation	1.12%	0.97%
Sharpe ratio	0.69	0.81
Sortino ratio	1.02	1.18
Maximum drawdown	−0.71% (21-05-2026)	−0.60% (23-10-2026)

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%

2023202420252026

HSBC Corporate Bond Fund (Direct)Category average, 21 Corporate Bond funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Corporate Bond Fund (Direct)	−0.71%	07-05-2026	21-05-2026	05-06-2026	15 days	−0.45%
Category average	−0.60%	09-09-2026	23-10-2026	Not yet	--	−0.46%

From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and the average of the 21 Corporate Bond 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 Corporate Bond Fund vs Other Corporate Bond Funds

The five Corporate Bond funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Franklin India Corporate Bond Fund	1/21	1,409	0.26%	+5.32%	+7.80%	--	--	1.49	2.92	Compare
Baroda BNP Paribas Corporate Bond Fund	2/21	269	0.21%	+4.83%	+7.62%	--	--	1.43	2.18	Compare
AXIS Corporate Bond Fund	3/21	7,453	0.36%	+4.31%	+7.44%	--	--	1.29	1.94	Compare
DSP Corporate Bond Fund	4/21	2,647	0.29%	+5.71%	+7.40%	--	--	2.21	3.77	Compare
Nippon India Corporate Bond Fund	5/21	8,907	0.37%	+4.02%	+7.28%	--	--	1.10	1.64	Compare
HSBC Corporate Bond Fund	6/21	5,979	0.33%	+4.02%	+7.18%	--	--	1.04	1.56

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 Corporate Bond 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	Corporate Bond median	Cost rank (1 = cheapest)
Direct	0.28%	0.00%	0.00%	0.05%	0.33%	0.34%	9/21
Regular	0.51%	0.00%	0.00%	0.09%	0.60%	0.68%	5/21

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 Corporate Bond 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	3.72%	4.02%	0.30%	₹1,03,720	₹1,04,020
3 years	6.84%	7.18%	0.34% a year	₹1,21,956	₹1,23,124

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 Corporate Bond 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

Every month₹

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 Corporate Bond Fund (Direct)	₹4,80,000	₹5,47,103	₹67,103	6.5%
Regular planHSBC Corporate Bond Fund (Regular)	₹4,80,000	₹5,43,547	₹63,547	6.2%
Category averageCategory average, 21 Corporate Bond funds	₹4,80,000	₹5,46,187	₹66,187	6.4%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

Direct planHSBC Corporate Bond Fund (Direct)Regular planHSBC Corporate Bond Fund (Regular)Category averageCategory average, 21 Corporate Bond 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 Corporate Bond Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

98.9%Debt

Asset	Fund	Category
Debt	98.9%	91.2%
Cash and others	1.1%	8.8%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 21 Corporate Bond funds.

Rating	Fund	Category
Sovereign	11.8%	10.8%
AAA and A1+	87.1%	78.7%

HSBC Corporate Bond Fund Portfolio Holdings

As on 30-09-2026 · 82 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Indian Oil Corporation Limited · Bond	CRISIL AAA	5.30%
Power Grid Corporation of India Limited · Bond	CRISIL AAA	4.65%
NABARD · Bond	ICRA AAA	2.94%
NTPC Limited · Bond	CRISIL AAA	2.88%
6.01% GOI 21Jul2030 · Government security	SOVEREIGN	2.80%
NTPC Limited · Bond	CRISIL AAA	2.80%
SIDBI · Bond	CRISIL AAA	2.67%
Power Finance Corporation Limited · Bond	CRISIL AAA	2.61%
SIDBI · Bond	CRISIL AAA	2.50%
National Highways Authority of India · Bond	CRISIL AAA	2.20%
Jio Credit Limited · Bond	CRISIL AAA	2.14%
NABARD · Bond	CRISIL AAA	2.00%
Radhakrishna Securitisation Trust	CRISIL AAA(SO)	1.99%
LIC Housing Finance Limited · Bond	CRISIL AAA	1.85%
National Highways Authority of India · Bond	CRISIL AAA	1.77%
EXIM Bank · Bond	CRISIL AAA	1.73%
7.15% KARNATAKA SDL 09-Oct-2028 · State government security	SOVEREIGN	1.73%
6.75% GOI 23DEC2029 · Government security	SOVEREIGN	1.70%
Embassy Office Parks REIT · Bond	CRISIL AAA	1.66%
Housing and Urban Development Corp. Ltd. · Bond	ICRA AAA	1.62%
7.04% GOI - 03-Jun-2029 · Government security	SOVEREIGN	1.47%
REC Limited · Bond	CRISIL AAA	1.39%
Indian Railway Finance Corporation Ltd · Bond	CRISIL AAA	1.37%
Bharti Telecom Limited · Bond	CRISIL AAA	1.30%
REC Limited · Bond	CRISIL AAA	1.30%
Sundaram Finance Limited · Bond	CRISIL AAA	1.27%
UltraTech Cement Limited · Bond	CRISIL AAA	1.26%
LIC Housing Finance Limited · Bond	CARE AAA	1.25%
EXIM Bank · Bond	CRISIL AAA	1.22%
7.16% Karnataka SDL - 08-Jan-2030 · State government security	SOVEREIGN	1.18%
Hindustan Zinc Limited · Bond	CRISIL AAA	1.13%
Mindspace Business Parks REIT · Bond	CRISIL AAA	1.08%
Bajaj Finance Limited · Bond	CRISIL AAA	0.95%
Reliance Industries Limited · Bond	CRISIL AAA	0.92%
Reliance Industries Limited · Bond	CRISIL AAA	0.91%
National Highways Authority of India · Bond	CRISIL AAA	0.90%
Bajaj Finance Limited · Bond	CRISIL AAA	0.89%
Bharti Telecom Limited · Bond	CRISIL AAA	0.89%
Tata Capital Ltd · Bond	CRISIL AAA	0.89%
REC Limited · Bond	CRISIL AAA	0.88%
Bharti Telecom Limited · Bond	CRISIL AAA	0.88%
Bharti Telecom Limited · Bond	CRISIL AAA	0.87%
SIDBI · Bond	CRISIL AAA	0.86%
Bajaj Finance Limited · Bond	CRISIL AAA	0.86%
Tata Capital Ltd · Bond	CRISIL AAA	0.86%
Indian Railway Finance Corporation Ltd · Bond	CRISIL AAA	0.86%
Tata Capital Ltd · Bond	CRISIL AAA	0.86%
National Highways Authority of India · Bond	CRISIL AAA	0.86%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.85%
REC Limited · Bond	ICRA AAA	0.85%
8.06% Karnataka SDL - 27-Mar-2029 · State government security	SOVEREIGN	0.85%
Sundaram Finance Limited · Bond	CRISIL AAA	0.84%
Kotak Mahindra Prime Limited	CRISIL AAA	0.84%
Bajaj Finance Limited · Bond	CRISIL AAA	0.84%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.84%
Bajaj Finance Limited · Bond	CRISIL AAA	0.84%
NABARD · Bond	CRISIL AAA	0.84%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.83%
NABARD · Bond	CRISIL AAA	0.78%
7.36% MAHARASHTRA SDL 12-Apr-2028 · State government security	SOVEREIGN	0.78%
Mindspace Business Parks REIT · Bond	ICRA AAA	0.76%
NABARD · Bond	ICRA AAA	0.72%
Bajaj Finance Limited · Bond	CRISIL AAA	0.63%
REC Limited · Bond	CRISIL AAA	0.60%
REC Limited · Bond	ICRA AAA	0.59%
National Highways Authority of India · Bond	CRISIL AAA	0.54%
7.78% Maharashtra SDL - 24-Mar-2029 · State government security	SOVEREIGN	0.51%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.45%
Housing and Urban Development Corp. Ltd. · Bond	ICRA AAA	0.44%
NABARD · Bond	CRISIL AAA	0.44%
Larsen & Toubro Limited · Bond	CRISIL AAA	0.43%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.43%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.42%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.42%
6.49% Gujarat SDL - 02-Dec-2029 · State government security	SOVEREIGN	0.42%
Housing and Urban Development Corp. Ltd. · Bond	ICRA AAA	0.42%
Kotak Mahindra Prime Limited	CRISIL AAA	0.41%
HDFC Bank Limited · Bond	CRISIL AAA	0.38%
Indian Railway Finance Corporation Ltd · Bond	CRISIL AAA	0.37%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)	AIF	0.36%
7.05% GUJARAT SDL 14-Aug-2028 · State government security	SOVEREIGN	0.35%
NABARD · Bond	ICRA AAA	0.26%

HSBC Corporate Bond Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
HSBC Short Term FundShort Duration · HSBC	27.6%	29	Compare
Bandhan Corporate Bond FundCorporate Bond · Bandhan	16.5%	27	Compare
HSBC Banking and PSU Debt FundBanking & PSU · HSBC	15.6%	19	Compare
AXIS Corporate Bond FundCorporate Bond · Axis	14.8%	19	Compare
Axis Banking and PSU Debt FundBanking & PSU · Axis	14.2%	27	Compare
DSP Ultra Short to Short Term FundLow Duration · DSP	13.5%	16	Compare
Bharat Bond ETF - April 2030ETF · Edelweiss	12.9%	12	Compare
HDFC Short Term FundShort Duration · HDFC	12.8%	18	Compare

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 Corporate Bond Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.33%
Expense ratio (Regular): 0.60%
Category: Corporate Bond
Risk: Low to Moderate
Benchmark: NIFTY Corporate Bond Index A-II
Launch date: 31-03-1997
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹5,978.86 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 150996
ISIN (Direct): INF917K01HN3
Scheme code (Regular): 150992
ISIN (Regular): INF917K01AH0
NAV history: From 28-11-2022, 3.9 years

Exit load: Nil

Tax on HSBC Corporate Bond Fund returns

HSBC Corporate Bond 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	₹83.0575	30-10-2026
direct	Annual IDCW	₹11.7976	30-10-2026
direct	Quarterly IDCW	₹11.1002	30-10-2026
direct	Semi Annual IDCW	₹19.2966	30-10-2026
regular	Bonus	₹29.5093	30-10-2026
regular	Growth	₹77.6862	30-10-2026
regular	Annual IDCW	₹11.4994	30-10-2026
regular	Quarterly IDCW	₹10.6818	30-10-2026
regular	Semi Annual IDCW	₹16.0759	30-10-2026

About HSBC Corporate Bond Fund

HSBC Corporate Bond Fund is a mutual fund from HSBC Mutual Fund. Its category is Corporate Bond. It was launched on 31-03-1997. Its benchmark is NIFTY Corporate Bond Index A-II. At the end of September 2026 it held 82 securities.

Fund Manager

Mohd. Asif Rizwi
Fund manager of HSBC Corporate Bond Fund, since 01-02-2025
Shriram Ramanathan
Fund manager of HSBC Corporate Bond Fund, since 30-06-2014

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹5,978.86 Cr; −1.31% from August 2026
August 2026: ₹6,058.07 Cr; +1.79% from July 2026
July 2026: ₹5,951.33 Cr; +11966.77% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare HSBC Corporate Bond Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

HSBC Corporate Bond vs Franklin India Corporate BondCorporate Bond
HSBC Corporate Bond vs Baroda BNP Paribas Corporate BondCorporate Bond
HSBC Corporate Bond vs AXIS Corporate Bond14.8% overlap
HSBC Corporate Bond vs DSP Corporate BondCorporate Bond
HSBC Corporate Bond vs Nippon India Corporate BondCorporate Bond
HSBC Corporate Bond vs HSBC Short Term27.6% overlap
HSBC Corporate Bond vs Bandhan Corporate Bond16.5% overlap
HSBC Corporate Bond vs HSBC Banking and PSU Debt15.6% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Corporate Bond Fund

What is the current NAV of HSBC Corporate Bond Fund?

The Direct plan NAV is ₹83.0575. The Regular plan NAV is ₹77.6862, as on 30-10-2026.

What are the returns of HSBC Corporate Bond Fund?

The Direct plan returned +4.02% in 1 year, +7.18% a year over 3 years. The Regular plan returned +3.72% in 1 year, +6.84% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Corporate Bond Fund?

The Direct plan charges 0.33% a year. The Regular plan charges 0.60% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund managed ₹5,978.86 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Corporate Bond Fund?

At the end of September 2026 the largest holdings were Indian Oil Corporation Limited (5.30%), Power Grid Corporation of India Limited (4.65%), NABARD (2.94%), NTPC Limited (2.88%), 6.01% GOI 21Jul2030 (2.80%). The fund held 82 securities in all.

How do I invest in HSBC Corporate Bond 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 Corporate Bond Fund?

Mohd. Asif Rizwi (since 01-02-2025), Shriram Ramanathan (since 30-06-2014).

What is the exit load of HSBC Corporate Bond 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.