FoFFoF DomesticRegularGrowthVery High

HSBC Income Plus Arbitrage Active FOF

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

As of 01 Oct 2026, the NAV of HSBC Income Plus Arbitrage Active FOF is ₹22.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Income Plus Arbitrage Active FOF delivered?

HSBC Income Plus Arbitrage Active FOF has returned +4.71% over 1 year, +6.76% per year over 3 years, +5.53% per year over 5 years and +6.82% 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 Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF charges an expense ratio of 0.51% 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 Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF's largest holdings are HSBC Arbitrage Fund - Direct Growth (36.4%), HSBC Short Term Fund - Direct Growth (32.0%), HSBC Banking and PSU Debt Fund - Direct Growth (15.9%) and HSBC Corporate Bond Fund - Direct Growth (15.1%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -5.3%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Income Plus Arbitrage Active FOF's 0.16 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF is benchmarked against the 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF is managed by Mohd Asif Rizwi and Mahesh Chhabria at HSBC.

Q: How is HSBC Income Plus Arbitrage Active FOF taxed?

HSBC Income Plus Arbitrage Active FOF 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 · Best Domestic Fund of Funds

NAV

₹22.74

-0.03% 1D

as of 01 Oct 2026

This is the Regular plan of HSBC Income Plus Arbitrage Active FOF — bought through a distributor, whose commission is paid out of 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

+4.82%CAGR

52-week rangePrev NAV ₹22.74

Latest ₹22.74

Low ₹21.7198th percentile of its 52-week rangeHigh ₹22.76

Scorecard

★★☆☆☆2/5 vs 75 of 152 FoF Domestic 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 FoF Domestic (same plan and option). 75 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.76% · ranks 70 of 75 FoF Domestic funds

RiskLow

Volatility 1.6% vs 17.5% category avg

CostLow

0.5% 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

Less volatile than its FoF Domestic peers (1.6% vs 17.5%)
Low expense ratio (0.51%) vs the FoF Domestic average of 0.69%
Consistent — positive in 100% of rolling 3-year windows

Concerns

1-year return (+4.71%) trails the FoF Domestic average (+11.33%)
3-year return (+6.76%) trails the FoF Domestic average (+18.88%)
5-year return (+5.53%) trails the FoF Domestic average (+12.79%)
Weaker risk-adjusted returns — Sharpe 0.16 below the FoF Domestic average of 0.64

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.51%

Category 0.69%▼0.18%

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

—

Category —

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

0.16

Category 0.64▼0.48

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Exit Load

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

65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index

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.

05 May 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.13%

Absolute return over the last 3 months (not annualized)

+0.78%

Absolute return over the last 6 months (not annualized)

+2.70%

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

+3.49%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.71%

3-year annualized return (CAGR)

+6.76%

5-year annualized return (CAGR)

+5.53%

10-year annualized return (CAGR)

+5.86%

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.

+6.82%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.62%

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

0.16

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

0.22

Largest peak-to-trough decline over full history

-5.32%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	+0.13%	-3.26%	+3.39%
3M abs	+0.78%	-0.33%	+1.11%
6M abs	+2.70%	+3.65%	-0.95%
1Y CAGR	+4.71%	+11.33%	-6.62%
3Y CAGR	+6.76%	+18.88%	-12.12%
5Y CAGR	+5.53%	+12.79%	-7.26%

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), 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 152 peers in FoF Domestic

1Y return

+4.71%

Beats 48.2% · rank #60

3Y return

+6.76%

Beats 6.8% · rank #70

5Y return

+5.53%

Beats 1.9% · rank #52

Sharpe

0.16

Beats 18.9% · rank #61

Sortino

0.22

Beats 18.9% · rank #61

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

₹6.98L

Absolute

+16.28%

XIRR

+6.16%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into HSBC Income Plus Arbitrage Active FOF, 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	+3.49%
2025	+5.40%
2024	+8.82%
2023	+7.87%
2022	+1.83%
2021	+4.19%
2020	+9.32%
2019	+5.79%
2018	+4.87%
2017	+5.95%

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

2,998

Expense ratio

0.51%

Exit load

Nil

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 · FoF Domestic

Compare all


HSBC Income Plus Arbitrage Active FOFThis fund HSBC · Regular · Growth	★★☆☆☆	+4.71%	+6.76%	+5.53%	—	0.51%	—
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
UTI Silver ETF Fund of Fund UTI · Regular · Growth	★★★★★	+47.56%	+42.77%	—	—	0.46%	₹620.81Cr
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+48.05%	+42.65%	—	—	0.65%	₹1,209Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+47.41%	+42.47%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other99.37%
Cash & Equivalents0.63%

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.

-5.3%14 Feb 2020 → 11 May 2020
Fell over 3 months, back to the old high on 06 Jul 2020 — 2 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 RizwiManaging since 13 Mar 2025

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 (15)

All schemes Mohd Asif Rizwi runs →

MCMahesh ChhabriaManaging since 13 Mar 2025

Role

VP Fund Management Fixed Income

Education

Masters in Management Studies (M.M.S)

Experience

Over 15 years of experience HSBC Asset Management (India) Private Limited as SVP - Fund Management - Fixed Income (Since March 01, 2024) as VP - Fund Management - Fixed Income (from November 26, 2022 – February 28, 2024) Prior Assignments: L&T Investment Management Ltd Fixed Income – Fund Manager from November 25, 2021 to November 25, 2022. L&T Investment Management Ltd Dealer in Fixed Income since June, 2015 till November 24, 2021 Edelweiss Securities Ltd Fixed Income dealer from October 2013 - June 2015 Derivium Traditions Pvt. Ltd. Fixed Income dealer from February 2013- October 2013 L&T Investment Management Ltd. Associate in Investment Operations from November 2012 – February 2013. FIL Fund Management Pvt. Ltd. Associate in Investment Operations from August 2010 – November, 2012 Edelweiss Securities Limited as Equity dealer from March 2007 to May 2014. Karvy Stock Broking Limited as Equity dealer from June 2005 to March 2007

Funds managed (12)

All schemes Mahesh Chhabria runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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.

Explore from here

Fund managers

Mohd Asif Rizwi Mahesh Chhabria

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.

Frequently asked questions

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

As of 01 Oct 2026, the NAV of HSBC Income Plus Arbitrage Active FOF is ₹22.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Income Plus Arbitrage Active FOF delivered?

HSBC Income Plus Arbitrage Active FOF has returned +4.71% over 1 year, +6.76% per year over 3 years, +5.53% per year over 5 years and +6.82% 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 Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF charges an expense ratio of 0.51% 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 Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF's largest holdings are HSBC Arbitrage Fund - Direct Growth (36.4%), HSBC Short Term Fund - Direct Growth (32.0%), HSBC Banking and PSU Debt Fund - Direct Growth (15.9%) and HSBC Corporate Bond Fund - Direct Growth (15.1%). Holdings are disclosed monthly and change over time.

How risky is HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.6% and its worst peak-to-trough fall in our sample was -5.3%. 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 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Income Plus Arbitrage Active FOF's 0.16 means it has rewarded its volatility with excess return. Higher is better.

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

HSBC Income Plus Arbitrage Active FOF is benchmarked against the 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Who manages HSBC Income Plus Arbitrage Active FOF?

HSBC Income Plus Arbitrage Active FOF is managed by Mohd Asif Rizwi and Mahesh Chhabria at HSBC.

How is HSBC Income Plus Arbitrage Active FOF taxed?

HSBC Income Plus Arbitrage Active FOF 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.