HealthyDirect · GrowthFit for a long SIP
HSBC Ultra Short to Short Term Fund
HSBC Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund3.9 years
- NAV
- 32.7904
- 30 Oct 2026
- 1Y
- +5.9%
- Trailing CAGR
- AUM
- ₹847.33 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.8% 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
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
3.9 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.40% 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
Pass
100% 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 ≈ 47.5% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
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+5.9%
- 3Y+7.7%
- 5Yn/a
- 10Yn/a
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.8%
- 3Y+7.3%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +7.3%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.7%
- 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
- -0.2%
- Worst peak-to-trough
- Current
- -0.0%
- Below last peak
- Current spell
- 17 days
- Days below latest peak
- Time below peak
- +13%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 44 recovered episodes
- Longest recovery
- 9 days
- Trough to prior peak
11 May 2026 – 29 May 2026
Trough 21 May 2026 · recovered in 8 days
-0.2%
13 Oct 2026 – open
Trough 22 Oct 2026 · not recovered
-0.2%
6 Jul 2026 – 17 Jul 2026
Trough 8 Jul 2026 · recovered in 9 days
-0.1%
9 Jun 2025 – 19 Jun 2025
Trough 13 Jun 2025 · recovered in 6 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
50
Consistency
99
Risk-adjusted
100
Drawdown
99
Mean
90
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 38 holdings · top 10 are 47.5%.
- Top 5
- 29.8%
- Top 10
- 47.5%
- Largest holding
- 6.1%
- Effective holdings
- 27.4
REC LIMITED SR 245A 7.44 BD 29FB28 FVRS1LAC
Financial
6.1%
GOVERNMENT OF INDIA 31719 GOI 20JU27 7.38 FV RS 100
Entities
6.1%
Power Finance Corporation Ltd SR-168B Bonds 7.44 11/06/2027
Financial
6.0%
PUNJAB NATIONAL BANK CD 05FEB27
Financial
5.8%
EXPORT IMPORT BANK OF INDIA CD 01MAR27
Financial
5.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Edelweiss Ultra Short to Short Term Fund
Edelweiss Mutual Fund
- 1Y
- +5.9%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.2%
- Sharpe
- 1.29
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Franklin India Ultra Short to Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.1%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.1%
- Sharpe
- 2.03
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.48
- 3Y win
- +84%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Bandhan Mutual Fund
- 1Y
- +5.7%
- 3Y
- +7.0%
- Vol
- 0.7%
- Max DD
- -1.2%
- Sharpe
- 2.14
- 3Y win
- +32%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
Canara Robeco Ultra Short to Short Term Fund
Canara Robeco Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.1%
- Vol
- 0.7%
- Max DD
- -1.4%
- Sharpe
- 1.90
- 3Y win
- 0%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns