MonitorDirect · GrowthWatch before adding
HSBC Banking and PSU Debt Fund
HSBC Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund3.9 years
The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.
- NAV
- 27.1403
- 30 Oct 2026
- 1Y
- +3.8%
- Trailing CAGR
- AUM
- ₹3,722.07 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund) if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
3.9 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.28% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Asif Rizwi · 2.5 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 29.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.8%
- 3Y+6.7%
- 5Yn/a
- 10Yn/a
- SI+6.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.5%
- 3Y+5.8%
- 5Yn/a
- 10Yn/a
- Since inception
- +6.6%
- Calendar-day CAGR
- Excess 1Y
- -0.1%
- Category median, same plan and option
- 3Y win rate
- +0%
- Windows beating the median
- 3Y percentile
- 23
- Vs comparable share classes
- SIP 3Y XIRR
- +5.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.6%
- 224 daily-ending windows
- Median rolling 3Y
- +7.1%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.6%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +40%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 102 recovered episodes
- Longest recovery
- 27 days
- Trough to prior peak
14 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-0.6%
7 May 2026 – 5 Jun 2026
Trough 21 May 2026 · recovered in 15 days
-0.6%
2 Mar 2026 – 9 Apr 2026
Trough 2 Apr 2026 · recovered in 7 days
-0.6%
6 Jun 2025 – 7 Jul 2025
Trough 13 Jun 2025 · recovered in 24 days
-0.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
23
Vs category
50
Consistency
19
Risk-adjusted
62
Drawdown
98
Mean
50
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 76 holdings · top 10 are 29.7%.
- Top 5
- 17.2%
- Top 10
- 29.7%
- Largest holding
- 4.3%
- Effective holdings
- 53.8
Repo
Unspecified
4.3%
EXPORT IMPORT BANK OF INDIA SR AA02 7.35 BD 27JL28 FVRS1LAC
Financial
3.5%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
3.4%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC
Financial
3.1%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SERIES 134 8.30 LOA 25MR29 FVRS10LAC
Financial
2.9%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.83
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Invesco India Banking and PSU Debt Fund
Invesco Mutual Fund
- 1Y
- +3.7%
- 3Y
- +6.9%
- Vol
- 2.2%
- Max DD
- -4.9%
- Sharpe
- 0.55
- 3Y win
- +10%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
UTI Banking & PSU Debt Fund
UTI Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.5%
- Vol
- 3.0%
- Max DD
- -6.7%
- Sharpe
- 0.44
- 3Y win
- +61%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.5%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.0%
- Sharpe
- 1.35
- 3Y win
- +84%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis Banking and PSU Debt Fund
Axis Mutual Fund
- 1Y
- +3.9%
- 3Y
- +6.7%
- Vol
- 1.3%
- Max DD
- -2.8%
- Sharpe
- 1.28
- 3Y win
- +37%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER