MonitorDirect · GrowthWatch before adding
HSBC Medium Term Fund
HSBC Mutual FundIncome/Debt Oriented Schemes - Medium Term Fund3.9 years
The scheme seek to generate income by investing primarily in debt and money market securities.
- NAV
- 23.7823
- 30 Oct 2026
- 1Y
- +4.3%
- Trailing CAGR
- AUM
- ₹670.22 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.2% 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 · The fund beat the category median in 87% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Axis Medium Term 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
0.41% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.0%. Ask whether you can hold through a similar fall.
Vs category
Pass
87% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Shriram Ramanathan · 11.8 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 ≈ 53.3% 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+4.3%
- 3Y+7.5%
- 5Yn/a
- 10Yn/a
- SI+7.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.5%
- 3Y+6.3%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.4%
- Calendar-day CAGR
- Excess 1Y
- -0.9%
- Category median, same plan and option
- 3Y win rate
- +87%
- Windows beating the median
- 3Y percentile
- 55
- Vs comparable share classes
- SIP 3Y XIRR
- +6.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.5%
- 224 daily-ending windows
- Median rolling 3Y
- +8.0%
- 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
- -1.0%
- Worst peak-to-trough
- Current
- -0.8%
- Below last peak
- Current spell
- 77 days
- Days below latest peak
- Time below peak
- +50%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 121 recovered episodes
- Longest recovery
- 24 days
- Trough to prior peak
14 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-1.0%
6 Jun 2025 – 7 Jul 2025
Trough 13 Jun 2025 · recovered in 24 days
-0.6%
4 Aug 2025 – 5 Sept 2025
Trough 26 Aug 2025 · recovered in 10 days
-0.5%
11 Mar 2026 – 8 Apr 2026
Trough 2 Apr 2026 · recovered in 6 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
55
Vs category
45
Consistency
86
Risk-adjusted
87
Drawdown
98
Mean
74
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
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 87% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 32 holdings · top 10 are 53.3%.
- Top 5
- 34.4%
- Top 10
- 53.3%
- Largest holding
- 18.1%
- Effective holdings
- 16.8
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
18.1%
DELHI INTERNATIONAL AIRPORT LIMITED RR NCD 22AG30 FVRS1LAC
Industrials
4.6%
JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC
Materials
4.0%
JSW Kalinga Steel Ltd.
Materials
3.9%
360 ONE PRIME LIMITED 8.95 NCD 04JU27 FVRS1LAC
Financial
3.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
30 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Medium Term Fund
Axis Mutual Fund
- 1Y
- +5.4%
- 3Y
- +8.2%
- Vol
- 2.5%
- Max DD
- -7.3%
- Sharpe
- 1.02
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Aditya Birla Sun Life Medium Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +7.5%
- 3Y
- +10.4%
- Vol
- 5.6%
- Max DD
- -12.6%
- Sharpe
- 0.67
- 3Y win
- +67%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
HDFC Medium Term Fund
HDFC Mutual Fund
- 1Y
- +5.4%
- 3Y
- +7.7%
- Vol
- 1.7%
- Max DD
- -3.5%
- Sharpe
- 1.22
- 3Y win
- +65%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
ICICI Prudential Medium Term Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.7%
- 3Y
- +8.2%
- Vol
- 1.9%
- Max DD
- -5.1%
- Sharpe
- 1.29
- 3Y win
- +80%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Nippon India Medium Term Fund (Existing Number of Segregated Portfolios - 1)
Nippon India Mutual Fund
- 1Y
- +4.9%
- 3Y
- +8.2%
- Vol
- 8.7%
- Max DD
- -29.8%
- Sharpe
- -0.05
- 3Y win
- +48%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER