DebtOvernight FundRegularGrowthLow

HSBC Overnight Fund

Q: What is the NAV of HSBC Overnight Fund?

As of 04 Oct 2026, the NAV of HSBC Overnight Fund is ₹1,433.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Overnight Fund delivered?

HSBC Overnight Fund has returned +5.19% over 1 year, +5.96% per year over 3 years, +5.64% per year over 5 years and +5.01% 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 Overnight Fund?

HSBC Overnight Fund charges an expense ratio of 0.14% 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 Overnight Fund?

HSBC Overnight Fund's largest holdings are 182 Days Treasury Bill 18-Sep-2026 (2.0%) and 182 Days Treasury Bill 10-Sep-2026 (1.3%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Overnight Fund?

HSBC Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of HSBC Overnight Fund?

HSBC Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Overnight Fund?

HSBC Overnight Fund is managed by Abhishek Iyer and Rahul Totla at HSBC.

Q: How is HSBC Overnight Fund taxed?

HSBC Overnight 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 · Best Overnight Mutual Funds

NAV

₹1,433.79

+0.01% 1D

as of 04 Oct 2026

This is the Regular plan of HSBC Overnight Fund — 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

+5.19%CAGR

52-week rangePrev NAV ₹1,433.59

Latest ₹1,433.79

Low ₹1,363.27100th percentile of its 52-week rangeHigh ₹1,433.79

Scorecard

★★★☆☆3/5 vs 32 of 38 Overnight 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 Overnight Fund (same plan and option). 32 of the 38 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +5.96% · ranks 14 of 32 Overnight Funds

RiskModerate

Volatility 0.1% vs 0.1% category avg

CostLow

0.1% expense vs 0.2% 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 (0.14%) vs the Overnight Fund average of 0.19%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.14%

Category 0.19%▼0.05%

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Regular · 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. *In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged to the investor effective August 1, 2009. No exit load (if any) will be charged for units allotted under bonus / Reinvestment of IDCW option.

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 1D Rate 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.

22 May 2019

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.39%

Absolute return over the last 3 months (not annualized)

+1.25%

Absolute return over the last 6 months (not annualized)

+2.52%

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

+3.86%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.19%

3-year annualized return (CAGR)

+5.96%

5-year annualized return (CAGR)

+5.64%

10-year annualized return (CAGR)

—

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.

+5.01%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.11%

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

—

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

—

Largest peak-to-trough decline over full history

0.00%

Benchmark ratios

Not shown for Overnight 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 (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.39%	+0.39%	0.00%
3M abs	+1.25%	+1.24%	+0.01%
6M abs	+2.52%	+2.51%	+0.01%
1Y CAGR	+5.19%	+5.14%	+0.05%
3Y CAGR	+5.96%	+5.94%	+0.02%
5Y CAGR	+5.64%	+5.63%	+0.01%

Category average across peers in Overnight Fund (37 of 38 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 38 peers in Overnight Fund

1Y return

+5.19%

Beats 69.7% · rank #11

3Y return

+5.96%

Beats 58.1% · rank #14

5Y return

+5.64%

Beats 50% · rank #13

Sharpe

—

Sortino

—

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

₹6.92L

Absolute

+15.34%

XIRR

+5.83%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into HSBC Overnight 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	+3.87%
2025	+5.73%
2024	+6.63%
2023	+6.62%
2022	+4.56%
2021	+3.10%
2020	+3.30%
2019part	+3.11%

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

2,158

Expense ratio

0.14%

AUM

₹4,457Cr

Exit load

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 · Overnight Fund

Compare all


HSBC Overnight FundThis fund HSBC · Regular · Growth	★★★☆☆	+5.19%	+5.96%	+5.64%	—	0.14%	₹4,457Cr
Bank of India Overnight Fund Bank of India · Regular · Growth	★★★★☆	+5.46%	+6.16%	+5.83%	—	0.14%	₹80.05Cr
Franklin India Overnight Fund - Regular Plan - Unclaimed Redemption Franklin Templeton · Regular · Growth	—	+5.32%	+6.05%	—	—	—	₹54.55Cr
Axis Overnight Fund Axis · Regular · Growth	★★★★☆	+5.24%	+6.04%	+5.72%	—	0.13%	₹12,334Cr
Bajaj Finserv Overnight Fund Bajaj Finserv · Regular · Growth	★★★★★	+5.27%	+6.02%	—	—	0.16%	₹958.32Cr
quant Overnight Fund quant · Regular · Growth	★★★★☆	+4.96%	+6.01%	—	—	0.26%	₹61.28Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents96.70%
Debt3.30%

Fund size over time

Quarterly average AUM · AMFI

₹4,457Cr

April - June 2026

-1%

since January - March 2026

−₹103.47Cr

est. net flow, last quarter

At or near its largest, ₹4,505Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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

AIAbhishek IyerManaging since 01 Apr 2025

Education

• Master in Finance Management - Thakur Institute of Management • Bachelor of Commerce -Vivek College of Commerce

Experience

Over 18 years of experience HSBC Asset Management (India) Private Limited as SVP – Fund Management Fixed Income (Since March, 2025) Prior Assignments: Mirae Asset Mutual Fund (India) Private Limited – AVP Fund Manager from April 2017 till March 2025 IDBI Asset Mutual Fund (India) Private Limited – Asst. Manager - Dealing Fixed Income from September 2014 till April 2017 IIFL Asset Mutual Fund (India) Private Limited – Asst. Manager - Dealing Fixed Income from April 2013 till August 2014 L&T Asset Mutual Fund (India) Private Limited – Asst. Dealer & Credit Analyst - from June 2011 till March 2013 Sahara Mutual Fund (India) Private Limited – Associate Dealer/Operations from June 2007 till June 2011

Funds managed (3)

All schemes Abhishek Iyer runs →

RTRahul TotlaManaging since 01 Jan 2026

Role

VP Fund Management – Fixed Income

Education

BE (Electronics), MBA (Finance)

Experience

16 HSBC Global Asset Management Company Ltd. VP Fund Management – Fixed Income from March 2017 onwards. Prior Assignments: IDBI Asset Management Company Ltd. Dealer – Fixed Income from November 2014 to March 2017. ING Investment Management Ltd. Dealer – Fixed Income from January 2014 to October 2014. Edelweiss Asset Management Company Ltd. Assistant Fund Manager – Fixed Income from July 2011 to Dec. 2013. Godfrey Phillips India Ltd. Deputy Manager – Operations from November 2005 to April 2008. 17 PUBLIC

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

Explore from here

Fund managers

Abhishek Iyer

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 Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of HSBC Overnight Fund?

As of 04 Oct 2026, the NAV of HSBC Overnight Fund is ₹1,433.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Overnight Fund delivered?

HSBC Overnight Fund has returned +5.19% over 1 year, +5.96% per year over 3 years, +5.64% per year over 5 years and +5.01% 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 Overnight Fund?

HSBC Overnight Fund charges an expense ratio of 0.14% 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 Overnight Fund?

HSBC Overnight Fund's largest holdings are 182 Days Treasury Bill 18-Sep-2026 (2.0%) and 182 Days Treasury Bill 10-Sep-2026 (1.3%). Holdings are disclosed monthly and change over time.

How risky is HSBC Overnight Fund?

HSBC Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of HSBC Overnight Fund?

HSBC Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.

Who manages HSBC Overnight Fund?

HSBC Overnight Fund is managed by Abhishek Iyer and Rahul Totla at HSBC.

How is HSBC Overnight Fund taxed?

HSBC Overnight 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.