NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹25.01
0.09%
NAV as on 05 Feb 26, 12:00 AM
low to moderate risk
banking & psu
debt
NAV as on 05 Feb 26, 12:00 AM
low to moderate risk
banking & psu
debt
7.05%p.a.
Last 1Y
6.95%p.a.
Last 3Y
5.38%p.a.
Last 5Y
7.08%p.a.
Since Inception
About HSBC Banking and PSU Debt Fund-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Banking and PSU Debt Fund-Growth scheme from HSBC Global Asset Management (India) Private Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Sep 2007, HSBC Banking and PSU Debt Fund-Growth is Banking & PSU fund of its category with 4,338.06 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- HSBC Banking and PSU Debt Fund-Growth delivered 7.0% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- HSBC Banking and PSU Debt Fund-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
POWER GRID CORPORATION OF INDIA LIMITED STRPP-C 8.7 LOA 15JL28 FVRS10LAC
0.25%
Repo
3.94%
Net Current Assets
1.57%
EXPORT IMPORT BANK OF INDIA SR-S-04 8.02 BD 29OT25 FVRS10LAC
0.24%
Export-Import Bank Of India Bonds 8.02 20/04/2026
0.37%
Power Grid Corporation of India Ltd Debenture 7.36 18/10/2026
1.49%
Indian Railway Finance Corporation Ltd SR-118 Bonds 7.83 21/03/2027
0.25%
Others IRS
-0.02%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 140 7.48 LOA 13AG29 FVRS10LAC
0.74%
POWER GRID CORPORATION OF INDIA LIMITED SR LXIV STRP B 7.49 LOA 25OT29 FVRS3LAC
0.71%
Fund Managers
- Mahesh A Chhabria (Nov 2022 - Present)
- Asif Rizwi (May 2024 - Present)
Key Information
View Scheme Document
HSBC Banking and PSU Debt Fund-Growth SIP Calculator
If invested
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For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
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Fixed Deposit
NRI Mutual Fund Tax on HSBC Banking and PSU Debt Fund-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Banking and PSU Debt Fund-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Banking and PSU Debt Fund-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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HSBC Banking & PSU Debt fund Daily Reinvestment of Income Dis cum Cap wdrl
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Frequently Asked Questions
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