Two funds walk into a table. Only the numbers talk.
HSBC Corporate Bond Fund vs Franklin India Corporate Bond Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- AHSBC Corporate Bond Fund
HSBC Mutual Fund- Corporate Bond Fund
- Direct plan
- Low to Moderate Risk
NAV ₹83.53 on 13 Nov 2026
- BFranklin India Corporate Bond Fund
Franklin Templeton Mutual Fund- Corporate Bond Fund
- Direct plan
- Low to Moderate Risk
NAV ₹116.84 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 3 years all of them have been around.
Grew faster
BFranklin India Corporate Bond Fund
Franklin India Corporate Bond Fund returned 7.8% a year over 3 years, against 7.2% for HSBC Corporate Bond Fund. ₹1 lakh invested 3 years ago would be about ₹1.25 Lakh today, against ₹1.23 Lakh.
Fell less in a crash
No fair winner yet
At its worst, HSBC Corporate Bond Fund fell 0.7% from its peak, against 3.7% for Franklin India Corporate Bond Fund. On ₹1 lakh, that's a dip to ₹96,275 at the bottom for Franklin India Corporate Bond Fund. Could you have held on?
Not a fair fight: we only have data for HSBC Corporate Bond Fund (from Nov 2022), so it has not been through the 2020 crash the others fell in.
Costs less
BFranklin India Corporate Bond Fund
Franklin India Corporate Bond Fund charges 0.26% a year, against 0.33% for HSBC Corporate Bond Fund. On ₹1 lakh that's ₹260 a year against ₹330, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- AHSBC Corporate Bond Fund₹12,304 from ₹10,000(7.2% a year)
- BFranklin India Corporate Bond Fund₹12,517 from ₹10,000(7.8% a year)
A one-time ₹10,000 put in 3 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
AHSBC Corporate Bond Fund
- Strength: Beat a 5-year SBI FD: 7.2% a year over 3 years, against 6.05%
- Strength: Low cost: 0.33% a year
BFranklin India Corporate Bond Fund
- Strength: In the top quarter of its category over 5 years (#2 of 17)
- Strength: Low cost: 0.26% a year
- Watch out: Fell harder than its category in the worst crash
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | AHSBC Corporate Bond Fund | BFranklin India Corporate Bond Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 4.3%#7 of 21 · avg 4.3% | 5.4%Best#2 of 21 · avg 4.3% |
| 3 yearsPer year, over a full market mood swing | 7.2%#7 of 21 · avg 7.1% | 7.8%Best#1 of 21 · avg 7.1% |
| 5 yearsPer year, the fairest single test | – | 6.7%#2 of 17 · avg 6.3% |
| 10 yearsPer year, across bull and bear markets | – | 7.5%#1 of 11 · avg 7% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 1.1%Bestcategory avg 1.1% | 1.2%category avg 1.1% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −0.7%data from 28 Nov 2022 only | −3.7%category avg −2.7% |
| Best 12 monthsIts strongest year | 10.7%data from 28 Nov 2022 only | 12.1% |
| Worst 12 monthsIts weakest year | 3.8%data from 28 Nov 2022 only | 2.6% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 100%data from 28 Nov 2022 only | 100% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.33% | 0.26%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹5,979 Cr | ₹1,409 Cr |
| Minimum SIPSmallest monthly amount | ₹1,000 | ₹500Best |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
AHSBC Corporate Bond Fund
Might suit you if…
- you prefer its fund house or approach. On these numbers it is not the stand-out on any one measure
BFranklin India Corporate Bond Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- you care about keeping costs low, which adds up over decades