HSBC Money Market Fund is a Money Market fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹6,382 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 7.0% a year. Its benchmark, NIFTY Money Market Index A-I, returned 7.1% a year over the same 3 years.
NAV (Direct plan)
₹30.10
▲ 0.01% · 30-10-2026
NAV (Regular plan)
₹28.62
▲ 0.01% · 30-10-2026
Expense ratio
0.15%Direct0.35%Regular
0.15%
A year
Riskometer
Low to Moderate
Set by the fund house
3 year return
7.2%Direct7.0%Regular
7.2%
A year
HSBC Money Market Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹30.10 (up 0.01% that day); Regular Plan Growth ₹28.62 (up 0.01% that day).
This fund (Direct plan)
₹30.0964
HSBC Money Market Fund Returns vs NIFTY Money Market Index A-I
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)
+0.33%
+1.50%
+3.30%
+6.30%
+7.23%
--
--
This fund (Regular)
+0.31%
+1.45%
+3.20%
+6.09%
+7.00%
--
--
NIFTY Money Market Index A-I
+0.51%
+1.59%
+3.58%
+6.50%
+7.12%
+6.47%
--
Money Market average
+0.33%
+1.49%
+3.29%
+6.35%
+7.24%
--
--
Best in Money Market
+0.38%
+1.57%
+3.37%
+6.57%
+7.44%
--
--
Worst in Money Market
+0.30%
+1.41%
+3.11%
+6.17%
+6.73%
--
--
Rank in Money Market
7/27
9/27
12/27
20/25
14/23
--
--
Category rows compare the Direct plans of 27 Money Market funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.
HSBC Money Market Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+5.22%
+5.05%
2025
+7.50%
+7.28%
2024
+7.77%
+7.50%
2023
+7.28%
+6.94%
HSBC Money Market 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 Money Market Fund (Direct)
Category average, 27 Money Market 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 Money Market Fund (Direct)Category average, 27 Money Market 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%
5.8%
8.4%
0%
7.5%
48%
2 years
466
7.5%
7.0%
7.9%
0%
7.5%
55%
3 years
222
7.3%
7.1%
7.5%
0%
7.3%
40%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
36
7.5%
5.5%
8.5%
0%
7.4%
47%
2 years
24
7.5%
6.5%
8.1%
0%
7.5%
71%
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 27 Money Market funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
HSBC Money Market Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Money Market Fund (Direct)This fund
Category average
Return (CAGR)
+6.30%
+6.32%
Standard deviation
0.51%
0.50%
Sharpe ratio
2.05
2.14
Sortino ratio
3.26
3.45
Maximum drawdown
−0.16%
(22-05-2026)
−0.14%
(22-05-2026)
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 Money Market Fund (Direct)This fund
Category average
Return (CAGR)
+7.23%
+7.23%
Standard deviation
0.42%
0.41%
Sharpe ratio
2.88
2.91
Sortino ratio
5.33
5.45
Maximum drawdown
−0.16%
(22-05-2026)
−0.14%
(22-05-2026)
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 Money Market Fund (Direct)This fund
Category average
Return (CAGR)
+7.25%
+7.26%
Standard deviation
0.40%
0.39%
Sharpe ratio
2.68
2.76
Sortino ratio
5.07
5.31
Maximum drawdown
−0.16%
(22-05-2026)
−0.14%
(22-05-2026)
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.
−0.2%−0.1%0%
HSBC Money Market Fund (Direct)
Category average, 27 Money Market funds
2023202420252026
HSBC Money Market Fund (Direct)Category average, 27 Money Market funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Money Market Fund (Direct)
−0.16%
11-05-2026
22-05-2026
01-06-2026
10 days
0.0%
Category average
−0.14%
11-05-2026
22-05-2026
31-05-2026
9 days
0.0%
From the Direct plan's daily NAV since 28-11-2022, adjusted for unit splits, and the average of the 27 Money Market 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 Money Market Fund vs Other Money Market Funds
The five Money Market 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 Money Market 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
Money Market median
Cost rank (1 = cheapest)
Direct
0.12%
0.01%
0.00%
0.02%
0.15%
0.17%
7/27
Regular
0.29%
0.01%
0.00%
0.05%
0.35%
0.40%
4/27
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 Money Market 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
6.09%
6.30%
0.21%
₹1,06,090
₹1,06,300
3 years
7.00%
7.23%
0.23% a year
₹1,22,504
₹1,23,296
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 Money Market 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.
Direct planHSBC Money Market Fund (Direct)Regular planHSBC Money Market Fund (Regular)Category averageCategory average, 27 Money Market 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 Money Market Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
112.5%Debt
Asset
Fund
Category
Debt
112.5%
99.5%
Cash and others
−12.5%
3.0%
Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 27 Money Market funds.
Rating
Fund
Category
Sovereign
13.5%
10.6%
AAA and A1+
99.0%
88.8%
HSBC Money Market Fund Portfolio Holdings
As on 30-09-2026 · 77 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Union Bank of India · Certificate of deposit
ICRA A1+
4.56%
EXIM Bank · Certificate of deposit
CRISIL A1+
3.83%
Canara Bank · Certificate of deposit
CRISIL A1+
3.43%
182 Days Treasury Bill 26-Feb-2027 · Government security
SOVEREIGN
3.06%
Bank of Baroda · Certificate of deposit
IND A1+
3.06%
NABARD · Certificate of deposit
CRISIL A1+
2.66%
NABARD · Certificate of deposit
CRISIL A1+
2.66%
Bajaj Financial Securities Ltd · Commercial paper
CRISIL A1+
2.32%
HDFC Bank Limited · Certificate of deposit
CARE A1+
2.31%
Punjab National Bank · Certificate of deposit
CRISIL A1+
2.30%
364 Days Treasury Bill 04-Mar-2027 · Government security
SOVEREIGN
2.29%
REC Limited · Commercial paper
CRISIL A1+
2.28%
Bank of Baroda · Certificate of deposit
CARE A1+
2.28%
Bajaj Housing Finance Ltd · Commercial paper
CRISIL A1+
2.28%
Axis Bank Limited
CRISIL A1+
1.92%
Canara Bank · Certificate of deposit
CRISIL A1+
1.92%
HDFC Bank Limited · Certificate of deposit
CARE A1+
1.91%
HDFC Bank Limited · Certificate of deposit
CRISIL A1+
1.90%
Kotak Mahindra Bank Limited
CRISIL A1+
1.90%
364 Days Treasury Bill 26-Nov-2026 · Government security
SOVEREIGN
1.55%
182 Days Treasury Bill 28-Jan-2027 · Government security
SOVEREIGN
1.54%
ICICI Bank Limited
ICRA A1+
1.53%
Muthoot Finance Limited · Commercial paper
CRISIL A1+
1.53%
Axis Bank Limited
CRISIL A1+
1.53%
SIDBI · Certificate of deposit
CRISIL A1+
1.53%
NABARD · Certificate of deposit
IND A1+
1.53%
Punjab National Bank · Certificate of deposit
CARE A1+
1.53%
SIDBI · Certificate of deposit
CRISIL A1+
1.52%
Sharekhan Limited · Commercial paper
CRISIL A1+
1.52%
Kotak Mahindra Bank Limited
CRISIL A1+
1.52%
The Federal Bank Limited · Certificate of deposit
CRISIL A1+
1.52%
ICICI Securities Limited · Commercial paper
CRISIL A1+
1.52%
Infina Finance Pvt Ltd · Commercial paper
CRISIL A1+
1.52%
Cholamandalam Invest & Finance Co Ltd · Commercial paper
CARE A1+
1.52%
LIC Housing Finance Limited · Commercial paper
CRISIL A1+
1.52%
EXIM Bank · Commercial paper
CRISIL A1+
1.52%
MUTHOOT FINCORP LTD · Commercial paper
CRISIL A1+
1.51%
MUTHOOT FINCORP LTD · Commercial paper
CRISIL A1+
1.51%
The Federal Bank Limited · Certificate of deposit
CRISIL A1+
1.49%
Canara Bank · Certificate of deposit
CRISIL A1+
1.49%
7.74% Tamilnadu SDL - 01-Mar-2027 · State government security
SOVEREIGN
1.43%
IndusInd Bank Limited · Certificate of deposit
CRISIL A1+
1.30%
7.20% Tamil Nadu SDL - 25-Jan-2027 · State government security
SOVEREIGN
1.27%
AU Small Finance Bank Limited · Certificate of deposit
IND A1+
1.16%
364 Days Treasury Bill 03-Dec-2026 · Government security
SOVEREIGN
1.16%
Axis Bank Limited
CRISIL A1+
1.15%
Canara Bank · Certificate of deposit
CRISIL A1+
1.15%
NABARD · Certificate of deposit
CRISIL A1+
1.15%
360 ONE Prime Limited · Commercial paper
CRISIL A1+
1.15%
HDFC Bank Limited · Certificate of deposit
CARE A1+
1.15%
Motilal Oswal Financial Services Limited · Commercial paper
ICRA A1+
1.14%
Axis Bank Limited
CRISIL A1+
1.14%
Bank of Baroda · Certificate of deposit
CARE A1+
1.14%
Birla Group Holdings Private Ltd · Commercial paper
CRISIL A1+
1.14%
Infina Finance Pvt Ltd · Commercial paper
CRISIL A1+
1.13%
364 Days Treasury Bill 19-Feb-2027 · Government security
SOVEREIGN
0.77%
Indian Bank · Certificate of deposit
CRISIL A1+
0.77%
Birla Group Holdings Private Ltd · Commercial paper
CRISIL A1+
0.77%
SIDBI · Certificate of deposit
CARE A1+
0.77%
Motilal Oswal Financial Services Limited · Commercial paper
CRISIL A1+
0.76%
Aditya Birla Housing Finance Limited · Commercial paper
CRISIL A1+
0.76%
HDFC Bank Limited · Certificate of deposit
CRISIL A1+
0.76%
SIDBI · Certificate of deposit
CARE A1+
0.76%
Birla Group Holdings Private Ltd · Commercial paper
CRISIL A1+
0.76%
The Federal Bank Limited · Certificate of deposit
CRISIL A1+
0.76%
Muthoot Finance Limited · Commercial paper
CRISIL A1+
0.76%
NABARD · Certificate of deposit
CRISIL A1+
0.76%
SIDBI · Certificate of deposit
CARE A1+
0.74%
SIDBI · Certificate of deposit
CARE A1+
0.74%
Bank of India · Certificate of deposit
CRISIL A1+
0.69%
Punjab National Bank · Certificate of deposit
CRISIL A1+
0.68%
6.54% Maharashtra SGS - 09-Feb-2027 · State government security
SOVEREIGN
0.40%
SIDBI · Certificate of deposit
CRISIL A1+
0.38%
ICICI Bank Limited
ICRA A1+
0.38%
Cholamandalam Invest & Finance Co Ltd · Commercial paper
CRISIL A1+
0.38%
Canara Bank · Certificate of deposit
CRISIL A1+
0.38%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)
AIF
0.27%
HSBC Money Market 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 Money Market Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.15%
Expense ratio (Regular)
0.35%
Category
Money Market
Risk
Low to Moderate
Benchmark
NIFTY Money Market Index A-I
Launch date
10-08-2005
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹6,382.40 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
151054
ISIN (Direct)
INF917K01FE6
Scheme code (Regular)
151048
ISIN (Regular)
INF917K01BC9
NAV history
From 28-11-2022, 3.9 years
Exit load
Nil
Tax on HSBC Money Market Fund returns
HSBC Money Market 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
₹30.0964
30-10-2026
direct
Daily IDCW
₹10.8591
30-10-2026
direct
Monthly IDCW
₹12.1979
30-10-2026
direct
Weekly IDCW
₹13.1846
30-10-2026
regular
Growth
₹28.6228
30-10-2026
regular
Daily IDCW
₹10.8591
30-10-2026
regular
Monthly IDCW
₹11.5478
30-10-2026
regular
Weekly IDCW
₹13.0975
30-10-2026
About HSBC Money Market Fund
HSBC Money Market Fund is a mutual fund from HSBC Mutual Fund. Its category is Money Market. It was launched on 10-08-2005. Its benchmark is NIFTY Money Market Index A-I. At the end of September 2026 it held 77 securities.
Fund Manager
Mahesh Chhabria
Fund manager of HSBC Money Market Fund, since 01-02-2025
Abhishek Iyer
Fund manager of HSBC Money Market Fund, since 01-04-2025
Frequently Asked Questions for HSBC Money Market Fund
What is the current NAV of HSBC Money Market Fund?
The Direct plan NAV is ₹30.0964. The Regular plan NAV is ₹28.6228, as on 30-10-2026.
What are the returns of HSBC Money Market Fund?
The Direct plan returned +6.30% in 1 year, +7.23% a year over 3 years. The Regular plan returned +6.09% in 1 year, +7.00% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Money Market Fund?
The Direct plan charges 0.15% a year. The Regular plan charges 0.35% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of HSBC Money Market Fund?
HSBC Money Market Fund managed ₹6,382.40 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Money Market Fund?
At the end of September 2026 the largest holdings were Union Bank of India (4.56%), EXIM Bank (3.83%), Canara Bank (3.43%), 182 Days Treasury Bill 26-Feb-2027 (3.06%), Bank of Baroda (3.06%). The fund held 77 securities in all.
How do I invest in HSBC Money Market 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 Money Market Fund?
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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