HSBC Short Term Fund

Short DurationDirect and Regular plans

Data as on 30-10-2026

HSBC Short Term Fund is a Short Duration fund run by HSBC Mutual Fund. On 30-09-2026, it managed ₹3,881 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned −1.1% a year and its Regular plan returned −0.1% a year and its Fund plan returned 6.7% a year. Its benchmark, NIFTY Short Duration Debt Index A-II, returned 6.6% a year over the same 3 years.

NAV (Direct plan): ₹12.24; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹11.03; ▲ 0.02%30-10-2026
NAV: ₹28.10; ▲ 0.02%30-10-2026
Expense ratio: 0.32%Direct0.70%Regular0.32%Fund; 0.32%; A year
Riskometer: Moderate; Set by the fund house
3 year return: −1.1%Direct−0.1%Regular6.7%Fund; −1.1%; A year

HSBC Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan ₹12.24 (up 0.02% that day); Regular Plan ₹11.03 (up 0.02% that day); ₹28.10 (up 0.02% that day).

This fund

₹28.1042

HSBC Short Term Fund Returns vs NIFTY Short Duration 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)	−0.12%	+0.20%	+2.44%	−3.88%	−1.14%	--	--
This fund (Regular)	−0.15%	−0.09%	+0.06%	−0.13%	−0.05%	--	--
This fund	−0.15%	+0.10%	+2.24%	+3.88%	+6.65%	--	--
NIFTY Short Duration Debt Index A-II	+0.14%	+0.49%	+2.66%	+4.41%	+6.61%	+5.84%	--
Short Duration average	−0.14%	+0.30%	+2.50%	+4.11%	+6.88%	--	--
Best in Short Duration	+0.11%	+0.75%	+3.17%	+5.54%	+7.64%	--	--
Worst in Short Duration	−0.34%	−0.09%	+2.15%	−3.88%	−1.14%	--	--
Rank in Short Duration	11/25	15/24	14/24	23/23	23/23	--	--

Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

HSBC Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	This fund
2026to date	−4.56%	−0.17%	+3.21%
2025	−0.10%	−0.08%	+7.70%
2024	−0.21%	+0.06%	+7.52%
2023	−0.26%	+0.01%	+6.59%

HSBC Short Term 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%

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 Short Term Fund

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss
1 year	708	7.3%	3.5%	10.0%	0%
2 years	466	7.3%	6.0%	8.1%	0%
3 years	222	7.0%	6.5%	7.4%	0%

Period	Periods	Median	Lowest	Highest	With a loss
1 year	36	7.0%	3.4%	10.6%	0%
2 years	24	7.3%	5.4%	9.1%	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 Short Term Fund Risk

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

Risk and return

Measure	HSBC Short Term FundThis fund
Return (CAGR)	+3.88%
Standard deviation	1.17%
Sharpe ratio	-1.17
Sortino ratio	-1.61
Maximum drawdown	−0.60% (21-05-2026)

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 Short Term FundThis fund
Return (CAGR)	+6.65%
Standard deviation	0.97%
Sharpe ratio	0.64
Sortino ratio	0.96
Maximum drawdown	−0.60% (21-05-2026)

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 Short Term FundThis fund
Return (CAGR)	+6.49%
Standard deviation	0.91%
Sharpe ratio	0.34
Sortino ratio	0.50
Maximum drawdown	−0.60% (21-05-2026)

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.

−0.6%−0.5%−0.4%−0.3%−0.2%−0.1%0%

2023202420252026

HSBC Short Term Fund

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
HSBC Short Term Fund	−0.60%	07-05-2026	21-05-2026	05-06-2026	15 days	−0.35%

From the fund's daily NAV since 28-11-2022, adjusted for unit splits. "Time to climb back" runs from the bottom to the first day back at the old high.

HSBC Short Term Fund vs Other Short Duration Funds

The five Short Duration 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
Bandhan Short Term Fund	1/23	8,680	0.39%	+5.54%	+7.64%	--	--	1.61	2.54	Compare
Axis Short Term Fund	2/23	7,425	0.40%	+4.82%	+7.58%	--	--	1.63	2.53	Compare
Mahindra Manulife Short Term Fund	3/23	79	0.33%	+4.78%	+7.49%	--	--	1.56	2.36	Compare
Bank of India Short Term Fund	4/23	259	0.54%	+4.34%	+7.48%	--	--	1.01	2.34	Compare
ICICI Prudential Short Term Fund	4/23	18,890	0.45%	+4.92%	+7.48%	--	--	1.55	2.34	Compare
HSBC Short Term Fund	23/23	3,881	0.32%	−3.88%	−1.14%	--	--	-0.93	-0.93

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 Short Term 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
Direct	0.27%	0.01%	0.00%	0.04%	0.32%
Regular	0.59%	0.01%	0.00%	0.10%	0.70%
Fund	0.27%	0.01%	0.00%	0.04%	0.32%

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	−0.13%	−3.88%	−3.75%	₹99,870	₹96,120
3 years	−0.05%	−1.14%	−1.09% a year	₹99,850	₹96,619

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 Short Term 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
This fundHSBC Short Term Fund	₹4,80,000	₹5,42,411	₹62,411	6.1%

₹0₹2.0 L₹4.0 L₹6.0 L

2023202420252026

This fundHSBC Short Term FundAmount 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 Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.9%Debt

Asset	Fund
Debt	96.9%
Cash and others	3.1%

Credit rating

Bonds and money market papers by credit rating, % of the fund.

Rating	Fund
Sovereign	10.8%
AAA and A1+	86.1%

HSBC Short Term Fund Portfolio Holdings

As on 30-09-2026 · 86 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
6.94% GOI 11-May-2036 · Government security	SOVEREIGN	2.99%
Shivshakti Securitisation Trust	CRISIL AAA(SO)	2.58%
NABARD · Bond	CRISIL AAA	2.57%
Embassy Office Parks REIT · Bond	CRISIL AAA	2.55%
NTPC Limited · Bond	CRISIL AAA	2.08%
SIDBI · Bond	CRISIL AAA	2.06%
Hindustan Zinc Limited · Bond	CRISIL AAA	2.01%
NABARD · Bond	CRISIL AAA	2.01%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	2.00%
NABARD · Bond	ICRA AAA	1.80%
NABARD · Bond	ICRA AAA	1.56%
Mindspace Business Parks REIT · Bond	CRISIL AAA	1.54%
6.8% Tamil Nadu SDL - 02-Jul-2035 · State government security	SOVEREIGN	1.48%
Larsen & Toubro Limited · Bond	CRISIL AAA	1.46%
Bharti Telecom Limited · Bond	CRISIL AAA	1.42%
Reliance Industries Limited · Bond	CRISIL AAA	1.41%
SIDBI · Bond	CRISIL AAA	1.36%
LIC Housing Finance Limited · Bond	CRISIL AAA	1.36%
Power Finance Corporation Limited · Bond	CRISIL AAA	1.33%
Power Finance Corporation Limited · Bond	CRISIL AAA	1.32%
Bharti Telecom Limited · Bond	CRISIL AAA	1.32%
Bajaj Finance Limited · Bond	CRISIL AAA	1.32%
Tata Capital Ltd · Bond	CRISIL AAA	1.32%
REC Limited · Bond	CRISIL AAA	1.31%
National Highways Authority of India · Bond	CRISIL AAA	1.30%
7.72% Maharashtra SDL - 23-Mar-2032 · State government security	SOVEREIGN	1.30%
7.16% Karnataka SDL - 08-Jan-2030 · State government security	SOVEREIGN	1.30%
Bajaj Finance Limited · Bond	CRISIL AAA	1.30%
Sundaram Finance Limited · Bond	CRISIL AAA	1.29%
Kotak Mahindra Prime Limited	CRISIL AAA	1.29%
UltraTech Cement Limited · Bond	CRISIL AAA	1.29%
364 Days Treasury Bill 10-Dec-2026 · Government security	SOVEREIGN	1.28%
Mindspace Business Parks REIT · Bond	ICRA AAA	1.28%
Bajaj Finance Limited · Bond	CRISIL AAA	1.28%
6.54% Tamil Nadu SDL - 25-Feb-2029 · State government security	SOVEREIGN	1.28%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	1.27%
Kotak Mahindra Bank Limited	CRISIL A1+	1.27%
Punjab National Bank · Certificate of deposit	CRISIL A1+	1.26%
Canara Bank · Certificate of deposit	CRISIL A1+	1.26%
REC Limited · Bond	ICRA AAA	1.26%
Bank of Baroda · Certificate of deposit	IND A1+	1.26%
Union Bank of India · Certificate of deposit	ICRA A1+	1.26%
Punjab National Bank · Certificate of deposit	CARE A1+	1.25%
EXIM Bank · Certificate of deposit	CRISIL A1+	1.25%
Bank of Baroda · Certificate of deposit	CARE A1+	1.25%
SIDBI · Certificate of deposit	CARE A1+	1.21%
Power Finance Corporation Limited · Bond	CRISIL AAA	1.20%
Indian Bank · Certificate of deposit	CRISIL A1+	1.16%
Radhakrishna Securitisation Trust	CRISIL AAA(SO)	1.11%
7.02% Gujarat SDL - 11-Feb-2031 · State government security	SOVEREIGN	1.09%
SIDBI · Bond	CRISIL AAA	1.06%
Reliance Industries Limited · Bond	CRISIL AAA	1.00%
REC Limited · Bond	ICRA AAA	0.86%
LIC Housing Finance Limited · Bond	CRISIL AAA	0.78%
Indian Railway Finance Corporation Ltd · Bond	CRISIL AAA	0.70%
Bharti Telecom Limited · Bond	CRISIL AAA	0.70%
LIC Housing Finance Limited · Bond	CRISIL AAA	0.69%
Indian Railway Finance Corporation Ltd · Bond	CRISIL AAA	0.68%
Bharti Telecom Limited · Bond	CRISIL AAA	0.68%
Bharti Telecom Limited · Bond	CRISIL AAA	0.68%
EXIM Bank · Bond	CRISIL AAA	0.67%
Bajaj Finance Limited · Bond	CRISIL AAA	0.67%
LIC Housing Finance Limited · Bond	CRISIL AAA	0.67%
Mahindra & Mahindra Financial Serv Ltd. · Bond	CRISIL AAA	0.66%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.66%
Jio Credit Limited · Bond	CRISIL AAA	0.66%
Sundaram Finance Limited · Bond	CRISIL AAA	0.66%
National Housing Bank · Bond	IND AAA	0.66%
Kotak Mahindra Prime Limited	CRISIL AAA	0.65%
NABARD · Bond	CRISIL AAA	0.65%
Bajaj Housing Finance Ltd · Bond	CRISIL AAA	0.65%
REC Limited · Bond	ICRA AAA	0.65%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.64%
REC Limited · Bond	CRISIL AAA	0.64%
REC Limited · Bond	ICRA AAA	0.64%
Canara Bank · Certificate of deposit	CRISIL A1+	0.63%
Canara Bank · Certificate of deposit	CRISIL A1+	0.63%
India Universal Trust AL2	CRISIL AAA(SO)	0.63%
Siddhivinayak Securitisation Trust	CRISIL AAA(SO)	0.62%
Union Bank of India · Certificate of deposit	ICRA A1+	0.62%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.39%
Embassy Office Parks REIT · Bond	CRISIL AAA	0.39%
Corp Debt Mkt Devlop Fund (SBI AIF Fund)	AIF	0.35%
India Universal Trust AL1	IND AAA(SO)	0.30%
Bajaj Finance Limited · Bond	CRISIL AAA	0.25%
7.59% Gujarat SDL - 27-Aug-2041 · State government security	SOVEREIGN	0.08%

HSBC Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
HSBC Banking and PSU Debt FundBanking & PSU · HSBC	29.7%	29	Compare
HSBC Corporate Bond FundCorporate Bond · HSBC	27.6%	29	Compare
AXIS Corporate Bond FundCorporate Bond · Axis	25.3%	24	Compare
Aditya Birla Sun Life Floating Interest Rates FundFloater · Aditya Birla Sun Life	20.6%	32	Compare
Axis Banking and PSU Debt FundBanking & PSU · Axis	20.1%	34	Compare
Bandhan Corporate Bond FundCorporate Bond · Bandhan	18.8%	26	Compare
Aditya Birla Sun Life Banking & PSU Debt FundBanking & PSU · Aditya Birla Sun Life	18.8%	26	Compare
DSP Ultra Short to Short Term FundLow Duration · DSP	18.2%	19	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 Short Term Fund Overview

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

Expense ratio (Direct): 0.32%
Expense ratio (Regular): 0.70%
Expense ratio: 0.32%
Category: Short Duration
Risk: Moderate
Benchmark: NIFTY Short Duration Debt Index A-II
Launch date: 27-12-2011
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹3,880.69 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 151070
ISIN (Direct): INF917K01VR5
Scheme code (Regular): 151063
ISIN (Regular): INF917K01CH6
Scheme code: 151062
ISIN: INF917K01CM6
NAV history: From 28-11-2022, 3.9 years

Exit load: Nil

Tax on HSBC Short Term Fund returns

HSBC Short Term 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	NAV	As on
	₹28.1042	30-10-2026
direct	₹12.2361	30-10-2026
direct	₹29.9284	30-10-2026
direct	₹11.7066	30-10-2026
direct	₹11.0484	30-10-2026
regular	₹11.0343	30-10-2026
regular	₹11.6389	30-10-2026
regular	₹28.1055	30-10-2026
regular	₹10.1994	30-10-2026

About HSBC Short Term Fund

HSBC Short Term Fund is a mutual fund from HSBC Mutual Fund. Its category is Short Duration. It was launched on 27-12-2011. Its benchmark is NIFTY Short Duration Debt Index A-II. At the end of September 2026 it held 86 securities.

Fund Manager

Shriram Ramanathan
Fund manager of HSBC Short Term Fund, since 01-05-2024
Mohd Asif Rizwi
Fund manager of HSBC Short Term Fund, since 15-01-2024

See all funds of HSBC Mutual Fund

AUM change

September 2026: ₹3,880.69 Cr; +0.28% from August 2026
August 2026: ₹3,869.86 Cr; −7.53% from July 2026
July 2026: ₹4,184.84 Cr; −0.61% from June 2026

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

Compare HSBC Short Term Fund with Other Funds

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

HSBC Short Term vs Bandhan Short TermShort Duration
HSBC Short Term vs Axis Short TermShort Duration
HSBC Short Term vs Mahindra Manulife Short TermShort Duration
HSBC Short Term vs Bank of India Short TermShort Duration
HSBC Short Term vs ICICI Prudential Short TermShort Duration
HSBC Short Term vs HSBC Banking and PSU Debt29.7% overlap
HSBC Short Term vs HSBC Corporate Bond27.6% overlap
HSBC Short Term vs AXIS Corporate Bond25.3% overlap

Compare with any other fund

Frequently Asked Questions for HSBC Short Term Fund

What is the current NAV of HSBC Short Term Fund?

The Direct plan NAV is ₹12.2361. The Regular plan NAV is ₹11.0343. The NAV is ₹28.1042, as on 30-10-2026.

What are the returns of HSBC Short Term Fund?

The Direct plan returned −3.88% in 1 year, −1.14% a year over 3 years. The Regular plan returned −0.13% in 1 year, −0.05% a year over 3 years. The fund returned +3.88% in 1 year, +6.65% a year over 3 years. These figures are as on 30-10-2026.

What is the expense ratio of HSBC Short Term Fund?

The Direct plan charges 0.32% a year. The Regular plan charges 0.70% a year. The fund charges 0.32% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of HSBC Short Term Fund?

HSBC Short Term Fund managed ₹3,880.69 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of HSBC Short Term Fund?

At the end of September 2026 the largest holdings were 6.94% GOI 11-May-2036 (2.99%), Shivshakti Securitisation Trust (2.58%), NABARD (2.57%), Embassy Office Parks REIT (2.55%), NTPC Limited (2.08%). The fund held 86 securities in all.

How do I invest in HSBC Short Term 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 Short Term Fund?

Shriram Ramanathan (since 01-05-2024), Mohd Asif Rizwi (since 15-01-2024).

What is the exit load of HSBC Short Term 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.