DebtCorporate Bond FundRegularGrowthLow to Moderate

HSBC Corporate Bond Fund

Q: What is the NAV of HSBC Corporate Bond Fund?

As of 05 Oct 2026, the NAV of HSBC Corporate Bond Fund is ₹77.95 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Corporate Bond Fund delivered?

HSBC Corporate Bond Fund has returned +4.57% over 1 year, +6.92% per year over 3 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 Corporate Bond Fund?

HSBC Corporate Bond Fund charges an expense ratio of 0.60% 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 Corporate Bond Fund?

HSBC Corporate Bond Fund's largest holdings are Indian Oil Corporation Limited (5.2%), Power Grid Corporation of India Limited (4.6%), NABARD (2.9%), NTPC Limited (2.8%) and 6.01% GOI 21Jul2030 (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -0.7%. 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 0.36 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Corporate Bond Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is benchmarked against the NIFTY Corporate Bond Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is managed by Mohd Asif Rizwi and Shriram Ramanathan at HSBC.

Q: How is HSBC Corporate Bond Fund taxed?

HSBC Corporate Bond 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 Corporate Bond Mutual Funds

NAV

₹77.95

+0.09% 1D

as of 05 Oct 2026

This is the Regular plan of HSBC Corporate Bond 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

+4.50%absolute

52-week rangePrev NAV ₹77.88

Latest ₹77.95

Low ₹74.5997th percentile of its 52-week rangeHigh ₹78.07

Scorecard

★★★☆☆3/5 vs 22 Corporate Bond 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 Corporate Bond Fund (same plan and option).

PerformanceAverage

3Y CAGR +6.92% · ranks 8 of 21 Corporate Bond Funds

RiskModerate

Volatility 1.1% vs 1.1% category avg

CostLow

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

Stronger risk-adjusted returns — Sharpe 0.36 vs 0.25 Corporate Bond Fund average
Low expense ratio (0.60%) vs the Corporate Bond Fund average of 0.70%
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

0.60%

Category 0.70%▼0.10%

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

—

Category —

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

0.36

Category 0.25▲0.11

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

NIFTY Corporate Bond Index A-II

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.

28 Nov 2022

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.05%

Absolute return over the last 3 months (not annualized)

+0.61%

Absolute return over the last 6 months (not annualized)

+3.29%

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

+3.39%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.57%

3-year annualized return (CAGR)

+6.92%

5-year annualized return (CAGR)

—

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.

+6.82%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.15%

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

0.36

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

0.52

Largest peak-to-trough decline over full history

-0.72%

Benchmark ratios

Not shown for Corporate Bond 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 (Corporate Bond Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.05%	-0.09%	+0.04%
3M abs	+0.61%	+0.32%	+0.29%
6M abs	+3.29%	+3.16%	+0.13%
1Y CAGR	+4.57%	+4.39%	+0.18%
3Y CAGR	+6.92%	+6.77%	+0.15%
5Y CAGR	—	+5.88%	—

Category average across peers in Corporate Bond Fund (up to 20 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 20 peers in Corporate Bond Fund

1Y return

+4.57%

Beats 75% · rank #6

3Y return

+6.92%

Beats 65% · rank #8

5Y return

—

Sharpe

0.36

Beats 65% · rank #8

Sortino

0.52

Beats 60% · 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

₹3.60L

Current value

₹3.94L

Absolute

+9.45%

XIRR

+6.28%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into HSBC Corporate Bond 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	+3.39%
2025	+8.00%
2024	+8.07%
2023	+6.45%
2022part	+0.37%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Mohd. Asif Rizwi; Kapil Punjabi stepped away
25 Sep 2026

History points

934

Expense ratio

0.60%

AUM

₹5,914Cr

YTM

7.47%

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 · Corporate Bond Fund

Compare all


HSBC Corporate Bond FundThis fund HSBC · Regular · Growth	★★★☆☆	+4.57%	+6.92%	—	—	0.60%	₹5,914Cr
Baroda BNP Paribas Corporate Bond Fund Baroda BNP Paribas · Regular · Growth	★★★★★	+5.22%	+7.39%	—	—	0.50%	₹253.07Cr
Franklin India Corporate Bond Fund Franklin Templeton · Regular · Growth	★★★★☆	+5.37%	+7.39%	+6.20%	—	0.77%	—
DSP Corporate Bond Fund DSP · Regular · Growth	★★★★☆	+5.70%	+7.11%	+5.81%	—	0.53%	₹3,036Cr
Nippon India Corporate Bond Fund Nippon India · Regular · Growth	★★★★☆	+4.45%	+7.05%	+6.37%	—	0.75%	₹9,209Cr
ICICI Prudential Corporate Bond Fund ICICI Prudential · Regular · Growth	★★★★★	+5.11%	+7.04%	+6.45%	—	0.60%	₹31,741Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt99.53%
Cash & Equivalents0.47%

Fund size over time

Quarterly average AUM · AMFI

₹5,914Cr

April - June 2026

-4%

since January - March 2026

−₹290.51Cr

est. net flow, last quarter

At or near its largest, ₹6,184Cr 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

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.

Explore from here

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 Corporate Bond funds

Corporate bond funds lend mainly to high-rated companies (AA+ and above). They aim for a little more yield than government debt while keeping credit risk low.

Frequently asked questions

What is the NAV of HSBC Corporate Bond Fund?

As of 05 Oct 2026, the NAV of HSBC Corporate Bond Fund is ₹77.95 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Corporate Bond Fund delivered?

HSBC Corporate Bond Fund has returned +4.57% over 1 year, +6.92% per year over 3 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 Corporate Bond Fund?

HSBC Corporate Bond Fund charges an expense ratio of 0.60% 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 Corporate Bond Fund?

HSBC Corporate Bond Fund's largest holdings are Indian Oil Corporation Limited (5.2%), Power Grid Corporation of India Limited (4.6%), NABARD (2.9%), NTPC Limited (2.8%) and 6.01% GOI 21Jul2030 (2.8%). Holdings are disclosed monthly and change over time.

How risky is HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.1% and its worst peak-to-trough fall in our sample was -0.7%. 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 0.36 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Corporate Bond Fund's 0.36 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is benchmarked against the NIFTY Corporate Bond Index A-II. Its alpha and beta on this page are measured against that index.

Who manages HSBC Corporate Bond Fund?

HSBC Corporate Bond Fund is managed by Mohd Asif Rizwi and Shriram Ramanathan at HSBC.

How is HSBC Corporate Bond Fund taxed?

HSBC Corporate Bond 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.