NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

HSBC Ultra Short Duration Fund - Growth for NRI [1401.80]

Min Investment

₹5,000

Fund Size

₹3,044.7 Cr

Expense Ratio

0.3%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹1401.80

0.03%

NAV as on 05 Feb 26, 12:00 AM

low to moderate risk

ultra short duration

debt

NAV as on 05 Feb 26, 12:00 AM

low to moderate risk

ultra short duration

debt

6.76%p.a.

Last 1Y

7.06%p.a.

Last 3Y

5.90%p.a.

Last 5Y

5.77%p.a.

Since Inception

About HSBC Ultra Short Duration Fund - Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the HSBC Ultra Short Duration Fund - Growth scheme from HSBC Global Asset Management (India) Private Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jan 2020, HSBC Ultra Short Duration Fund - Growth is Ultra Short Duration fund of its category with 3,044.7 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.

  • HSBC Ultra Short Duration Fund - Growth delivered 6.8% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
  • HSBC Ultra Short Duration 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

The investment objective of the scheme is to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.

Top 10 Holdings

Repo

1.83%

Net Payables

-0.29%

Tamilnadu State 8.24 09/09/2025

1.77%

Others IRS

-0.01%

BAJAJ FINANCE LIMITED 6 NCD 24DC25 FVRS10LAC

0.89%

EMBASSY OFFICE PARKS REIT SR V TR B 7.05 NCD 18OT26 FVRS10LAC

0.82%

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23A 7.40 BD 30JN26 FVRS10LAC

2.01%

HDB FINANCIAL SERVICES LIMITED SR A/1(FX)/186 OP 2 8.04 NCD 25FB26 FVRS10LA

1.74%

POWER FINANCE CORPORATION LTD. SR BS218 7.59 BD 03NV25 FVRS10LAC

1.81%

BAJAJ FINANCE LIMITED 7.90 SR 286 TR 9 LOA 17NV25 FVRS10LAC

1.81%

Fund Managers

  1. Mahesh A Chhabria (Nov 2022 - Present)
  2. Abhishek Iyer (Apr 2025 - Present)
  3. Rahul Totla (Jan 2026 - Present)

Key Information

View Scheme Document

HSBC Ultra Short Duration Fund - Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on HSBC Ultra Short Duration Fund - Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in HSBC Ultra Short Duration 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 Ultra Short Duration 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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