HSBC Overnight Fund is an Overnight fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹4,805 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.0% a year and its Regular plan returned 5.9% a year and its Fund plan returned 0.0% a year. Its benchmark, Nifty 1D Rate Index TRI, returned 6.0% a year over the same 3 years.
NAV (Direct plan)
₹1,452.07
▲ 0.02% · 30-10-2026
NAV (Regular plan)
₹1,439.30
▲ 0.01% · 30-10-2026
NAV
₹1,000.00
▲ 0.00% · 30-10-2026
Expense ratio
0.07%Direct0.14%Regular0.07%Fund
0.07%
A year
Riskometer
Low
Set by the fund house
3 year return
6.0%Direct5.9%Regular0.0%Fund
6.0%
A year
HSBC Overnight Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹1,452.07 (up 0.02% that day); Regular Plan Growth ₹1,439.30 (up 0.01% that day); ₹1,000.00 (up 0.00% that day).
This fund (Direct plan)
₹1,452.073
HSBC Overnight Fund Returns vs Nifty 1D Rate Index TRI
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)
+0.45%
+1.29%
+2.60%
+5.26%
+6.02%
+5.78%
--
This fund (Regular)
+0.44%
+1.27%
+2.56%
+5.19%
+5.93%
+5.67%
--
This fund
0.00%
0.00%
0.00%
0.00%
0.00%
--
--
Nifty 1D Rate Index TRI
+0.45%
+1.30%
+2.61%
+5.25%
+6.02%
+5.80%
+5.40%
Overnight average
+0.45%
+1.28%
+2.59%
+5.22%
+5.99%
+5.75%
--
Best in Overnight
+0.47%
+1.33%
+2.79%
+5.48%
+6.16%
+5.89%
--
Worst in Overnight
+0.43%
+1.21%
+2.46%
+4.96%
+5.78%
+5.57%
--
Rank in Overnight
4/40
13/38
11/36
13/36
10/33
6/27
--
Category rows compare the Direct plans of 40 Overnight funds. Rank 1 is the highest return.
HSBC Overnight Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
This fund
Nifty 1D Rate Index TRI
2026to date
+4.32%
+4.27%
0.00%
+4.31%
2025
+5.82%
+5.73%
0.00%
+5.81%
2024
+6.73%
+6.63%
0.00%
+6.79%
2023
+6.73%
+6.62%
0.00%
+6.74%
2022
+4.72%
+4.56%
--
+4.76%
2021
+3.26%
+3.10%
--
+3.28%
HSBC Overnight 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 1,541 periods, one for each trading day from 22-05-2022 to 30-10-2026.
0%2%4%6%8%
HSBC Overnight Fund (Direct)
Nifty 1D Rate Index TRI
Sept 2019 to Sept 2022Jul 2020 to Jul 2023Apr 2021 to Apr 2024Jan 2022 to Jan 2025Oct 2022 to Oct 2025Jun 2023 to Jun 2026
HSBC Overnight Fund (Direct)Nifty 1D Rate Index TRI
0%
0%
Below 0%
35%
35%
0-5%
65%
65%
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
Benchmark median
Beat benchmark
1 year
2,146
5.5%
3.1%
6.9%
0%
5.5%
36%
2 years
1,844
5.8%
3.2%
6.8%
0%
5.8%
23%
3 years
1,541
5.7%
3.7%
6.5%
0%
5.8%
5%
5 years
887
5.3%
4.8%
5.8%
0%
5.3%
0%
7 years
157
5.1%
5.1%
5.1%
0%
5.1%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
78
5.4%
3.1%
6.8%
0%
5.3%
41%
2 years
66
5.7%
3.2%
6.7%
0%
5.7%
24%
3 years
54
5.9%
3.4%
6.6%
0%
5.9%
15%
5 years
30
5.9%
5.3%
6.0%
0%
6.0%
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. "Beat benchmark" counts the periods in which the fund did better than Nifty 1D Rate Index TRI over the same days. Past returns do not promise future returns.
HSBC Overnight Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
HSBC Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.26%
+5.25%
Standard deviation
0.04%
0.20%
Sharpe ratio
0.35
0.00
Sortino ratio
1.18
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.02
1.00
Alpha
+0.01%
0.00%
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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+6.02%
+6.02%
Standard deviation
0.04%
0.23%
Sharpe ratio
-0.07
0.00
Sortino ratio
-0.11
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.01
1.00
Alpha
−0.00%
0.00%
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. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.78%
+5.80%
Standard deviation
0.09%
0.23%
Sharpe ratio
-0.19
0.00
Sortino ratio
-0.37
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.02%
0.00%
From daily NAVs, 29-10-2021 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
HSBC Overnight Fund (Direct)This fund
Nifty 1D Rate Index TRI
Return (CAGR)
+5.14%
+5.15%
Standard deviation
0.10%
0.21%
Sharpe ratio
-0.14
0.00
Sortino ratio
-0.25
0.00
Maximum drawdown
0.0%
0.0%
Beta
1.00
1.00
Alpha
−0.01%
0.00%
From daily NAVs, 22-05-2019 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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%0.1%
HSBC Overnight Fund (Direct)
Nifty 1D Rate Index TRI
2020202120222023202420252026
HSBC Overnight Fund (Direct)Nifty 1D Rate Index TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
HSBC Overnight Fund (Direct)
0.0%
--
--
--
--
0.0%
Nifty 1D Rate Index TRI
0.0%
--
--
--
--
0.0%
From the Direct plan's daily NAV since 22-05-2019, adjusted for unit splits, and Nifty 1D Rate Index TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
HSBC Overnight Fund vs Other Overnight Funds
The five Overnight 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 Overnight 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
Overnight median
Cost rank (1 = cheapest)
Direct
0.05%
0.00%
0.01%
0.01%
0.07%
0.11%
2/40
Regular
0.11%
0.00%
0.01%
0.02%
0.14%
0.18%
7/39
Fund
0.05%
0.00%
0.01%
0.01%
0.07%
0.11%
2/40
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 Overnight 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
5.19%
5.26%
0.07%
₹1,05,190
₹1,05,260
3 years
5.93%
6.02%
0.09% a year
₹1,18,866
₹1,19,169
5 years
5.67%
5.78%
0.11% a year
₹1,31,752
₹1,32,440
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 Overnight 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 22-05-2019 to 30-10-2026: 90 instalments, ₹9,00,000 in all.
Direct planHSBC Overnight Fund (Direct)Regular planHSBC Overnight Fund (Regular)Nifty 1D Rate Index TRICategory averageCategory average, 40 Overnight fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI 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 Overnight Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
93.6%Cash and others
Asset
Fund
Category
Cash and others
93.6%
89.1%
Debt
6.4%
10.9%
HSBC Overnight Fund Portfolio Holdings
As on 30-09-2026 · 6 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
182 Days Treasury Bill 22-Oct-2026 · Government security
SOVEREIGN
3.01%
364Days TBILL 15-Oct-2026 · Treasury bill
SOVEREIGN
1.04%
91 Days Treasury Bill 29-Oct-2026 · Government security
SOVEREIGN
0.83%
182Days TBILL 15-Oct-2026 · Treasury bill
SOVEREIGN
0.73%
91 Days Treasury Bill 08-Oct-2026 · Government security
SOVEREIGN
0.62%
91 Days Treasury Bill 15-Oct-2026 · Government security
SOVEREIGN
0.21%
HSBC Overnight Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.07%
Expense ratio (Regular)
0.14%
Expense ratio
0.07%
Category
Overnight
Risk
Low
Benchmark
Nifty 1D Rate Index
Launch date
22-05-2019
Minimum additional investment
₹1,000
AUM
₹4,804.90 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
147287
ISIN (Direct)
INF336L01OF6
Scheme code (Regular)
147290
ISIN (Regular)
INF336L01OL4
Scheme code
150501
ISIN
Not available
NAV history
From 22-05-2019, 7.4 years
Minimum investment
For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000
Exit load
Nil
Tax on HSBC Overnight Fund returns
HSBC Overnight 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
₹1,000.00
30-10-2026
₹1,000.00
30-10-2026
₹1,288.7232
30-10-2026
direct
Growth
₹1,452.073
30-10-2026
direct
Daily IDCW
₹1,000.0149
30-10-2026
direct
Monthly IDCW
₹1,000.612
30-10-2026
direct
Weekly IDCW
₹1,000.4704
30-10-2026
regular
Growth
₹1,439.2992
30-10-2026
regular
Daily IDCW
₹1,000.0149
30-10-2026
regular
Monthly IDCW
₹1,000.6027
30-10-2026
regular
Weekly IDCW
₹1,000.4896
30-10-2026
regular
Unclaimed IDCW Below Three Years
₹1,288.7032
30-10-2026
About HSBC Overnight Fund
HSBC Overnight Fund is a mutual fund from HSBC Mutual Fund. Its category is Overnight. It was launched on 22-05-2019. Its benchmark is Nifty 1D Rate Index. At the end of September 2026 it held 6 securities.
Fund Manager
Abhishek Iyer
Fund manager of HSBC Overnight Fund, since 01-04-2025
Rahul Totla
Fund manager of HSBC Overnight Fund, since 01-01-2026
Frequently Asked Questions for HSBC Overnight Fund
What is the current NAV of HSBC Overnight Fund?
The Direct plan NAV is ₹1,452.073. The Regular plan NAV is ₹1,439.2992. The NAV is ₹1,000.00, as on 30-10-2026.
What are the returns of HSBC Overnight Fund?
The Direct plan returned +5.26% in 1 year, +6.02% a year over 3 years, +5.78% a year over 5 years. The Regular plan returned +5.19% in 1 year, +5.93% a year over 3 years, +5.67% a year over 5 years. The fund returned 0.00% in 1 year, 0.00% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of HSBC Overnight Fund?
The Direct plan charges 0.07% a year. The Regular plan charges 0.14% a year. The fund charges 0.07% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.
What is the AUM of HSBC Overnight Fund?
HSBC Overnight Fund managed ₹4,804.90 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of HSBC Overnight Fund?
At the end of September 2026 the largest holdings were 182 Days Treasury Bill 22-Oct-2026 (3.01%), 364Days TBILL 15-Oct-2026 (1.04%), 91 Days Treasury Bill 29-Oct-2026 (0.83%), 182Days TBILL 15-Oct-2026 (0.73%), 91 Days Treasury Bill 08-Oct-2026 (0.62%). The fund held 6 securities in all.
How do I invest in HSBC Overnight 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 For Growth Option : Rs. 5000; For Daily & Weekly IDCW Payout & Reinvestment Plan: Rs. 100000. You can invest once or through a monthly SIP.
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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