DebtMoney Market FundDirectIDCWLow

HSBC Money Market Fund

Q: What is the NAV of HSBC Money Market Fund?

As of 06 Oct 2026, the NAV of HSBC Money Market Fund is ₹12.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has HSBC Money Market Fund delivered?

HSBC Money Market Fund has returned -0.02% over 1 year, 0.00% per year over 3 years and +0.01% 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 Money Market Fund?

HSBC Money Market Fund charges an expense ratio of 0.15% 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 Money Market Fund?

HSBC Money Market Fund's largest holdings are Union Bank of India (4.1%), Canara Bank (3.1%), Bank of Baroda (2.8%), 182 Days Treasury Bill 26-Feb-2027 (2.8%) and NABARD (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is HSBC Money Market Fund?

HSBC Money Market Fund is rated low 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 -1.1%. 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 -3.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Money Market Fund's -3.03 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of HSBC Money Market Fund?

HSBC Money Market Fund is benchmarked against the As per AMFI Tier I benchmark Index – NIFTY Money Market Index- A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages HSBC Money Market Fund?

HSBC Money Market Fund is managed by Abhishek Iyer at HSBC.

Q: How is HSBC Money Market Fund taxed?

HSBC Money Market 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 Money Market Mutual Funds

NAV

₹12.22

+0.01% 1D

as of 06 Oct 2026

This is the Direct plan of HSBC Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed monthly, which is why this NAV sits below the growth plan of the same fund.

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.31% 3Y CAGR)

NAV history

-0.02%absolute

52-week rangePrev NAV ₹12.22

Latest ₹12.22

Low ₹12.1824th percentile of its 52-week rangeHigh ₹12.32

Scorecard

Not rated

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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Money Market Fund peers to rank yet

Risk—

Volatility 2.1% (no category average yet)

Cost—

0.1% expense (no category average yet)

ConsistencyLow

55% 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

No standout strengths identified.

Concerns

Positive in only 55% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.15%

Category —

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

—

Category —

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

-3.03

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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.

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.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

As per AMFI Tier I benchmark Index – NIFTY Money Market Index- A-I

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)

-0.08%

Absolute return over the last 3 months (not annualized)

-0.12%

Absolute return over the last 6 months (not annualized)

-0.03%

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

+0.12%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.02%

3-year annualized return (CAGR)

0.00%

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.

+0.01%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.14%

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

-3.03

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

-3.02

Largest peak-to-trough decline over full history

-1.07%

Benchmark ratios

Not shown for Money Market 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 (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.08%	—	—
3M abs	-0.12%	—	—
6M abs	-0.03%	—	—
1Y CAGR	-0.02%	—	—
3Y CAGR	0.00%	—	—
5Y CAGR	—	—	—

Category average across peers in Money Market Fund, 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.

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

₹3.60L

Absolute

-0.01%

XIRR

-0.01%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into HSBC Money Market 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	+0.12%
2025	-0.04%
2024	+0.06%
2023	-0.02%
2022part	-0.08%

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

935

Expense ratio

0.15%

AUM

₹7,130Cr

YTM

6.84%

Macaulay duration

5.56 years

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.

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 · Money Market Fund

Compare all


HSBC Money Market FundThis fund HSBC · Direct · Monthly IDCW	—	-0.02%	0.00%	—	—	0.15%	₹7,130Cr
Bandhan Money Market Fund Bandhan · Direct · Periodic IDCW	—	+6.65%	+7.45%	+6.75%	—	—	₹13.51L
Mirae Asset Money Market Fund Mirae Asset · Direct · IDCW	—	+6.44%	+7.39%	+6.61%	—	0.11%	₹3,539Cr
UTI - Money Market Fund UTI · Direct · Flexi IDCW	—	+6.50%	+7.38%	+6.76%	—	—	₹1.88L
UTI - Money Market Fund UTI · Direct · Half-Yearly IDCW	—	+6.50%	+7.38%	+6.77%	—	0.17%	₹1,175Cr
UTI - Money Market Fund UTI · Direct · Annual IDCW	—	+6.50%	+7.38%	+6.77%	—	0.17%	₹1,175Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt99.73%
Cash & Equivalents0.27%

Fund size over time

Quarterly average AUM · AMFI

₹7,130Cr

July - September 2026

+33%

since January - March 2026

+₹1,077Cr

est. net flow, last quarter

At or near its largest, ₹7,130Cr in July - September 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 IyerStart date not disclosed

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 →

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

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 Money Market funds

Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.

Frequently asked questions

What is the NAV of HSBC Money Market Fund?

As of 06 Oct 2026, the NAV of HSBC Money Market Fund is ₹12.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has HSBC Money Market Fund delivered?

HSBC Money Market Fund has returned -0.02% over 1 year, 0.00% per year over 3 years and +0.01% 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 Money Market Fund?

HSBC Money Market Fund charges an expense ratio of 0.15% 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 Money Market Fund?

HSBC Money Market Fund's largest holdings are Union Bank of India (4.1%), Canara Bank (3.1%), Bank of Baroda (2.8%), 182 Days Treasury Bill 26-Feb-2027 (2.8%) and NABARD (2.4%). Holdings are disclosed monthly and change over time.

How risky is HSBC Money Market Fund?

HSBC Money Market Fund is rated low 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 -1.1%. 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 -3.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HSBC Money Market Fund's -3.03 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of HSBC Money Market Fund?

HSBC Money Market Fund is benchmarked against the As per AMFI Tier I benchmark Index – NIFTY Money Market Index- A-I. Its alpha and beta on this page are measured against that index.

Who manages HSBC Money Market Fund?

HSBC Money Market Fund is managed by Abhishek Iyer at HSBC.

How is HSBC Money Market Fund taxed?

HSBC Money Market 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.