DebtMedium to Long Term FundDirectGrowthModerate

HSBC Medium to Long Term Fund

Q: What is the NAV of HSBC Medium to Long Term Fund?

As of 05 Oct 2026, the NAV of HSBC Medium to Long Term Fund is ₹48.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Medium to Long Term Fund delivered?

HSBC Medium to Long Term Fund has returned +2.83% over 1 year, +6.43% per year over 3 years, +5.21% per year over 5 years and +6.69% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund charges an expense ratio of 0.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund's largest holdings are Indian Bank (8.0%), SIDBI (6.3%), 6.94% GOI 11-May-2036 (6.3%), Indian Railway Finance Corporation Ltd (6.2%) and 7.63% Maharashtra SDL - 27-Aug-2039 (6.2%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -8.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Medium to Long Term Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is benchmarked against the NIFTY Medium to Long Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is managed by Mohd Asif Rizwi and Shriram Ramanathan at HSBC.

Q: How is HSBC Medium to Long Term Fund taxed?

HSBC Medium to Long Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

HSBC Mutual Fund

NAV

₹48.77

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of HSBC Medium to Long Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+2.71%absolute

52-week rangePrev NAV ₹48.73

Latest ₹48.77

Low ₹47.2176th percentile of its 52-week rangeHigh ₹49.26

Scorecard

★★☆☆☆2/5 vs 12 Medium to Long Term Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Medium to Long Term Fund (same plan and option).

PerformanceBelow avg

3Y CAGR +6.43% · ranks 9 of 12 Medium to Long Term Funds

RiskModerate

Volatility 2.1% vs 2.1% category avg

CostAverage

0.6% expense vs 0.7% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.63%) vs the Medium to Long Term Fund average of 0.70%
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+2.83%) trails the Medium to Long Term Fund average (+3.70%)
5-year return (+5.21%) trails the Medium to Long Term Fund average (+5.88%)
Weaker risk-adjusted returns — Sharpe -0.03 below the Medium to Long Term Fund average of 0.06

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.63%

Category 0.70%▼0.07%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.03

Category 0.06▼0.09

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Nil The exit load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. On continuous basis

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Medium to Long Duration Debt Index A-III

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

08 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.18%

Absolute return over the last 3 months (not annualized)

-0.44%

Absolute return over the last 6 months (not annualized)

+3.31%

Absolute return since 1 Jan of this year (not annualized)

+2.22%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+2.83%

3-year annualized return (CAGR)

+6.43%

5-year annualized return (CAGR)

+5.21%

10-year annualized return (CAGR)

+5.78%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+6.69%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.11%

Excess return per unit of total volatility (rf = 6.5%)

-0.03

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.04

Largest peak-to-trough decline over full history

-8.84%

Benchmark ratios

Not shown for Medium to Long Term Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Medium to Long Term Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.18%	-0.38%	+0.20%
3M abs	-0.44%	-0.46%	+0.02%
6M abs	+3.31%	+3.68%	-0.37%
1Y CAGR	+2.83%	+3.70%	-0.87%
3Y CAGR	+6.43%	+6.63%	-0.20%
5Y CAGR	+5.21%	+5.88%	-0.67%

Category average across peers in Medium to Long Term Fund (up to 12 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 12 peers in Medium to Long Term Fund

1Y return

+2.83%

Beats 25% · rank #10

3Y return

+6.43%

Beats 27.3% · rank #9

5Y return

+5.21%

Beats 0% · rank #12

Sharpe

-0.03

Beats 27.3% · rank #9

Sortino

-0.04

Beats 27.3% · rank #9

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.90L

Absolute

+15.06%

XIRR

+5.73%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into HSBC Medium to Long Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+2.22%
2025	+6.32%
2024	+8.95%
2023	+6.99%
2022	+1.37%
2021	+2.17%
2020	+10.53%
2019	+10.67%
2018	+6.14%
2017	+1.85%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

3,316

Expense ratio

0.63%

YTM

7.15%

Exit load

Nil The exit load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. On continuous basis

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Medium to Long Term Fund

Compare all


HSBC Medium to Long Term FundThis fund HSBC · Direct · Growth	★★☆☆☆	+2.83%	+6.43%	+5.21%	—	0.63%	—
LIC MF Medium to Long Term Fund LIC · Direct · Growth	★★★★☆	+4.45%	+7.36%	+6.30%	—	0.22%	—
ICICI Prudential Medium to Long Term Fund ICICI Prudential · Direct · Growth	★★★★☆	+3.97%	+6.97%	+6.23%	—	0.59%	—
Kotak Medium to Long Term Fund Kotak Mahindra · Direct · Growth	★★★☆☆	+3.86%	+6.96%	+6.02%	—	0.74%	—
SBI Medium to Long Term Fund SBI · Direct · Growth	★★★★★	+4.01%	+6.76%	+6.12%	—	0.78%	—
Bandhan Medium to Long Term Fund Bandhan · Direct · Growth	★★★☆☆	+5.42%	+6.64%	+5.31%	—	0.98%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt85.65%
Cash & Equivalents14.35%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-8.8%28 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 21 May 2014 — 9 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

HSBC Mutual Fund is the Indian arm of HSBC Asset Management and has operated here since 2002. It roughly tripled in size by acquiring L&T Mutual Fund in 2022 and merging the two line-ups.

Launched

26 May 2002

Total AUM

₹1,56,995Cr+9.8% QoQ

Avg AUM · July - September 2026

Website

assetmanagement.hsbc.co.in/en

Fund Managers

MRMohd Asif RizwiStart date not disclosed

Role

VP Dealing Fixed Income

Education

PUBLIC PGDM from IIM Calcutta & B. Tech (Chemical Engineering) from IIT Bombay

Experience

Over 16 years of experience HSBC Asset Management (India) Private. Limited as SVP - Fund Management - Fixed Income (Since January 16, 2024) as SVP - Dealing - Fixed Income (from March 1, 2023 to January 15, 2024) as VP - Dealing - Fixed Income (from November 26, 2022 to February 28, 2023) Prior Assignments: L&T Investment Management Ltd. as Senior Dealer in Fixed Income since May 11, 2020 to November 25, 2022 Yes Bank Ltd as Executive Vice President from April 2020, 2015 to May 08, 2020. ICICI Bank Ltd. as Senior Manager from May 9, 2012 to April 18, 2015. Deutsche Bank Global Markets Centre as Senior Analyst from July 2007 to May 2010.

Funds managed (14)

All schemes Mohd Asif Rizwi runs →

SRShriram RamanathanStart date not disclosed

Role

CIO - Fixed Income

Education

B.E (Electrical), PGDBM XLRI, CFA

Experience

Over 25 years of experience. HSBC Asset Management (India) Private Limited as CIO - Fixed Income (Since November 26, 2022) Prior Assignments: L&T Investment Management Limited as Head of Fixed Income from July 6, 2012 to November 25, 2022. FIL Fund Management Private Limited as Portfolio Manager - Fixed Income from December 2009 to June 2012. ING Investment Management Asia Pacific (Hong Kong) as Senior Investment Manager – Global Emerging Market Debt (Asia) from September 2005 to October 2009 ING Investment Management (India) Private Limited as Portfolio Manager - Fixed Income from June 2003 to September 2005. Zurich (India) Asset Management Company as Dealer / Research - Fixed Income from September 2001 to June 2003 ICICI Limited Mumbai as Treasury from June 2000 to September 2001 Larsen & Toubro Limited in Design Department, Switchgear Group from August 1997 to May 1998

Funds managed (7)

All schemes Shriram Ramanathan runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Mohd Asif Rizwi Shriram Ramanathan

HSBC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of HSBC Medium to Long Term Fund?

As of 05 Oct 2026, the NAV of HSBC Medium to Long Term Fund is ₹48.77 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Medium to Long Term Fund delivered?

HSBC Medium to Long Term Fund has returned +2.83% over 1 year, +6.43% per year over 3 years, +5.21% per year over 5 years and +6.69% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund charges an expense ratio of 0.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund's largest holdings are Indian Bank (8.0%), SIDBI (6.3%), 6.94% GOI 11-May-2036 (6.3%), Indian Railway Finance Corporation Ltd (6.2%) and 7.63% Maharashtra SDL - 27-Aug-2039 (6.2%). Holdings are disclosed monthly and change over time.

How risky is HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.1% and its worst peak-to-trough fall in our sample was -8.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Medium to Long Term Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is benchmarked against the NIFTY Medium to Long Duration Debt Index A-III. Its alpha and beta on this page are measured against that index.

Who manages HSBC Medium to Long Term Fund?

HSBC Medium to Long Term Fund is managed by Mohd Asif Rizwi and Shriram Ramanathan at HSBC.

How is HSBC Medium to Long Term Fund taxed?

HSBC Medium to Long Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.