HSBC Income Plus Arbitrage Active FOF

Fund of FundsDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

HSBC Income Plus Arbitrage Active FOF is a mutual fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹528 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 7.5% a year and its Regular plan returned 6.9% a year.

NAV (Direct plan): ₹24.20; ▼ 0.01%29-10-2026
NAV (Regular plan): ₹22.73; ▼ 0.01%29-10-2026
Expense ratio: 0.15%Direct0.51%Regular; 0.15%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.5%Direct6.9%Regular; 7.5%; A year

HSBC Income Plus Arbitrage Active FOF NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹24.20 (down 0.01% that day); Regular Plan Growth ₹22.73 (down 0.01% that day).

This fund (Direct plan)

₹24.2024

HSBC Income Plus Arbitrage Active FOF Returns

Returns as on 29-10-2026. 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)	+0.13%	+0.52%	+2.34%	+4.52%	+7.46%	+6.17%	+6.40%
This fund (Regular)	+0.10%	+0.43%	+2.16%	+4.16%	+6.87%	+5.51%	+5.80%
Category average	--	--	--	--	--	--	--
Best in category	--	--	--	--	--	--	--
Worst in category	--	--	--	--	--	--	--
Rank in category	--	--	--	--	--	--	--

No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds. This fund's benchmark is 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Returns of that index are not available to us.

HSBC Income Plus Arbitrage Active FOF Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.73%	+3.45%
2025	+5.88%	+5.40%
2024	+9.67%	+8.82%
2023	+8.69%	+7.87%
2022	+2.60%	+1.83%
2021	+4.97%	+4.19%

HSBC Income Plus Arbitrage Active FOF 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 2,298 periods, one for each trading day from 05-05-2017 to 29-10-2026.

0%2%4%6%8%10%12%

Feb 2015
to
Feb 2018Sept 2016
to
Sept 2019Apr 2018
to
Apr 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 2026

HSBC Income Plus Arbitrage Active FOF (Direct)

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	2,783	7.1%	−0.2%	15.1%	0%
2 years	2,541	7.2%	3.6%	10.6%	0%
3 years	2,298	6.9%	3.9%	10.2%	0%
5 years	1,816	6.6%	5.2%	8.5%	0%
7 years	1,331	6.7%	5.9%	8.1%	0%
10 years	605	7.0%	6.4%	7.5%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	138	6.8%	−1.4%	14.5%	2%
2 years	126	7.1%	2.4%	11.2%	0%
3 years	114	6.8%	3.4%	9.4%	0%
5 years	90	6.9%	4.7%	8.1%	0%
7 years	66	6.8%	5.6%	7.6%	0%
10 years	30	6.9%	6.6%	7.3%	0%

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. Past returns do not promise future returns.

HSBC Income Plus Arbitrage Active FOF Risk

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

Risk and return

Measure	HSBC Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+4.52%
Standard deviation	0.87%
Sharpe ratio	-0.82
Sortino ratio	-1.15
Maximum drawdown	−0.35% (21-05-2026)

From daily NAVs, 29-10-2025 to 29-10-2026. 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 Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+7.46%
Standard deviation	1.56%
Sharpe ratio	0.91
Sortino ratio	1.27
Maximum drawdown	−1.1% (04-06-2024)

From daily NAVs, 27-10-2023 to 29-10-2026. 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 Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+6.17%
Standard deviation	1.77%
Sharpe ratio	0.21
Sortino ratio	0.29
Maximum drawdown	−3.0% (16-06-2022)

From daily NAVs, 29-10-2021 to 29-10-2026. 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 Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+6.40%
Standard deviation	3.23%
Sharpe ratio	0.31
Sortino ratio	0.40
Maximum drawdown	−5.2% (23-03-2020)

From daily NAVs, 28-10-2016 to 29-10-2026. 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 Income Plus Arbitrage Active FOF (Direct)This fund
Return (CAGR)	+7.31%
Standard deviation	3.17%
Sharpe ratio	0.48
Sortino ratio	0.63
Maximum drawdown	−5.2% (23-03-2020)

From daily NAVs, 05-05-2014 to 29-10-2026. 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.

−6%−5%−4%−3%−2%−1%0%

201520172019202120232025

HSBC Income Plus Arbitrage Active FOF (Direct)

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Income Plus Arbitrage Active FOF (Direct)	−5.2%	14-02-2020	23-03-2020	06-07-2020	3 months	−0.15%

From the Direct plan's daily NAV since 05-05-2014, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Income Plus Arbitrage Active FOF 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
Direct	0.13%	0.00%	0.00%	0.02%	0.15%
Regular	0.43%	0.00%	0.00%	0.08%	0.51%

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.

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	4.16%	4.52%	0.36%	₹1,04,160	₹1,04,520
3 years	6.87%	7.46%	0.59% a year	₹1,22,058	₹1,24,091
5 years	5.51%	6.17%	0.66% a year	₹1,30,758	₹1,34,899
10 years	5.80%	6.40%	0.60% a year	₹1,75,734	₹1,85,959

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 Income Plus Arbitrage Active FOF 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 05-05-2014 to 29-10-2026: 150 instalments, ₹15,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planHSBC Income Plus Arbitrage Active FOF (Direct)	₹15,00,000	₹23,06,340	₹8,06,340	6.6%
Regular planHSBC Income Plus Arbitrage Active FOF (Regular)	₹15,00,000	₹22,14,091	₹7,14,091	6.0%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L₹25.0 L

201520172019202120232025

Direct planHSBC Income Plus Arbitrage Active FOF (Direct)Regular planHSBC Income Plus Arbitrage Active FOF (Regular)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.

HSBC Income Plus Arbitrage Active FOF Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

100.0%Cash and others

Asset	Fund
Cash and others	100.0%

HSBC Income Plus Arbitrage Active FOF Portfolio Holdings

As on 30-09-2026 · 4 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%
HSBC Arbitrage Fund - Direct Growth	Internal - Mutual Fund Units	36.83%
HSBC Short Term Fund - Direct Growth	Internal - Mutual Fund Units	32.20%
HSBC Corporate Bond Fund - Direct Growth	Internal - Mutual Fund Units	15.21%
HSBC Banking and PSU Debt Fund - Direct Growth	Internal - Mutual Fund Units	15.02%

HSBC Income Plus Arbitrage Active FOF Overview

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

Expense ratio (Direct): 0.15%
Expense ratio (Regular): 0.51%
Category: Fund of Funds
Risk: Moderate
Launch date: 30-04-2014
Minimum investment: Rs. 5,000 per application
Minimum additional investment: ₹1,000
AUM: ₹527.51 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 129197
ISIN (Direct): INF336L01IP7
Scheme code (Regular): 129195
ISIN (Regular): INF336L01IM4
NAV history: From 05-05-2014, 12.5 years

Benchmark: 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index
Exit load: Nil

Tax on HSBC Income Plus Arbitrage Active FOF returns

How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
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	₹24.2024	29-10-2026
direct	IDCW	₹19.3587	29-10-2026
regular	Growth	₹22.7293	29-10-2026
regular	IDCW	₹16.3812	29-10-2026

About HSBC Income Plus Arbitrage Active FOF

HSBC Income Plus Arbitrage Active FOF is a mutual fund from HSBC Mutual Fund. Its category is Fund of Funds. It was launched on 30-04-2014. Its benchmark is 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. At the end of September 2026 it held 4 securities.

Fund Manager

Mohd Asif Rizwi
Fund manager of HSBC Income Plus Arbitrage Active FOF, since 13-03-2025
Mahesh Chhabria
Fund manager of HSBC Income Plus Arbitrage Active FOF, since 13-03-2025

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹527.51 Cr; −0.51% from August 2026
August 2026: ₹530.20 Cr; −1.28% from July 2026
July 2026: ₹537.08 Cr; −0.09% from June 2026

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

Frequently Asked Questions for HSBC Income Plus Arbitrage Active FOF

What is the current NAV of HSBC Income Plus Arbitrage Active FOF?

The Direct plan NAV is ₹24.2024. The Regular plan NAV is ₹22.7293, as on 29-10-2026.

What are the returns of HSBC Income Plus Arbitrage Active FOF?

The Direct plan returned +4.52% in 1 year, +7.46% a year over 3 years, +6.17% a year over 5 years. The Regular plan returned +4.16% in 1 year, +6.87% a year over 3 years, +5.51% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of HSBC Income Plus Arbitrage Active FOF?

The Direct plan charges 0.15% a year. The Regular plan charges 0.51% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF managed ₹527.51 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Income Plus Arbitrage Active FOF?

At the end of September 2026 the largest holdings were HSBC Arbitrage Fund - Direct Growth (36.83%), HSBC Short Term Fund - Direct Growth (32.20%), HSBC Corporate Bond Fund - Direct Growth (15.21%), HSBC Banking and PSU Debt Fund - Direct Growth (15.02%). The fund held 4 securities in all.

How do I invest in HSBC Income Plus Arbitrage Active FOF?

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 Rs. 5,000 per application. You can invest once or through a monthly SIP.

Who is the fund manager of HSBC Income Plus Arbitrage Active FOF?

Mohd Asif Rizwi (since 13-03-2025), Mahesh Chhabria (since 13-03-2025).

What is the exit load of HSBC Income Plus Arbitrage Active FOF?

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.