MonitorDirect · GrowthWatch before adding
HSBC Money Market Fund
HSBC Mutual FundIncome/Debt Oriented Schemes - Money Market Fund3.9 years
- NAV
- 30.0964
- 30 Oct 2026
- 1Y
- +6.3%
- Trailing CAGR
- AUM
- ₹6,382.4 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.4% 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 Mirae Asset Money Market 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
0.15% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.2%. 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
n/a
Manager not listed.
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 ≈ 30.2% 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+6.3%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- SI+7.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.4%
- 3Y+6.9%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.2%
- Calendar-day CAGR
- Excess 1Y
- -0.0%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 44
- Vs comparable share classes
- SIP 3Y XIRR
- +6.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.1%
- 224 daily-ending windows
- Median rolling 3Y
- +7.3%
- 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
- -0.2%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +8%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 29 recovered episodes
- Longest recovery
- 10 days
- Trough to prior peak
11 May 2026 – 1 Jun 2026
Trough 22 May 2026 · recovered in 10 days
-0.2%
6 Jul 2026 – 17 Jul 2026
Trough 8 Jul 2026 · recovered in 9 days
-0.1%
19 Oct 2026 – 27 Oct 2026
Trough 22 Oct 2026 · recovered in 5 days
-0.1%
18 Mar 2026 – 27 Mar 2026
Trough 24 Mar 2026 · recovered in 3 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
44
Vs category
50
Consistency
0
Risk-adjusted
100
Drawdown
100
Mean
59
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
No status reasons yet. History is still thin.
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 · 77 holdings · top 10 are 30.2%.
- Top 5
- 17.9%
- Top 10
- 30.2%
- Largest holding
- 4.6%
- Effective holdings
- 46.6
Union Bank of India CD
Financial
4.6%
EXPORT IMPORT BANK OF INDIA CD 29JAN27
Financial
3.8%
CANARA BANK CD 04MAR27
Financial
3.4%
GOVERNMENT OF INDIA 37862 182 DAYS TBILL 26FB27 FV RS 100
Financial
3.1%
BANK OF BARODA CD 04FEB27
Financial
3.1%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
27 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Money Market Fund
Mirae Asset Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 1.61
- 3Y win
- +31%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Bajaj Finserv Money Market Fund
Bajaj Finserv Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.3%
- Vol
- 0.5%
- Max DD
- -0.1%
- Sharpe
- 3.25
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Aditya Birla Sun Life Money Market Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- 0.5%
- Max DD
- -1.4%
- Sharpe
- 1.59
- 3Y win
- +76%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis Money Market Fund
Axis Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.4%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 0.85
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Kotak Money Market Fund
Kotak Mahindra Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.3%
- Vol
- n/a
- Max DD
- -0.8%
- Sharpe
- n/a
- 3Y win
- +37%
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER