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HSBC Mutual Fund

HSBC Money Market Fund

HSBC Mutual Fund · Direct plan · Growth

  • Debt
  • Money Market Fund
  • Low to Moderate Risk
  • Rank 14 of 23 over 3 years
3-year returns
7.3%
a year
NAV
₹30.21
▲ 0.01% · 13 Nov 2026
Fund size
₹6,382 Cr
Expense ratio
0.15%
a year
Minimum SIP
₹1,000

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹28.73 and has returned 7.04% a year over 3 years.

Returns, and where it stands

Against the average money market fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year6.4%6.5%behind19 of 25
3 years7.3%7.3%ahead14 of 23
Every period, and the Regular plan →
PeriodDirectRegular
1 month0.5%0.4%
3 months1.5%1.5%
6 months3.5%3.4%
1 year6.4%6.2%
2 yearsp.a.7%6.8%
3 yearsp.a.7.3%7%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Nov 2022.

Plan

NAV history

▲ 6.45% in the last 1Y

28.429.330.213 Nov 202518 May 202613 Nov 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
₹
years
Total invested
₹1,80,000
Gain
₹20,042
XIRR (per year)
6.99%
Value today
₹2,00,042

36 monthly instalments from 17 Nov 2023, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
0.4% a year
about the same as the money market fund average
Worst fall so far
−0.2%
May 2026 to May 2026.
Years that made money
100%
Of every one-year stretch it has been through.
Over any three years
7.1% to 7.5%
A year, at worst and at best. Typically 7.4%.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
1 Jan 2013
Expense ratio
0.15%
as of 30 Sept 2026

Managed by Mahesh Chhabria, Abhishek Iyer

Direct plan figures, last checked on 7 Nov 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

HSBC Money Market Fund against other funds in the Money Market Fund category
Fund1Y3Y5YExpenseFund size
Tata Money Market Fund6.58%7.47%6.93%0.18%₹31,690 Cr
Axis Money Market Fund6.55%7.41%6.85%0.18%₹19,012 Cr
Bandhan Money Market Fund6.59%7.37%6.76%0.1%₹13,129 Cr
Aditya Birla Sun Life Money Market Fund6.5%7.36%6.84%0.22%₹26,943 Cr
Franklin India Money Market Fund6.55%7.36%6.73%0.14%₹3,887 Cr
Nippon India Money Market Fund6.45%7.36%6.85%0.22%₹19,855 Cr
HSBC Money Market Fund6.45%7.27%–0.15%₹6,382 Cr

About HSBC Money Market Fund

HSBC Money Market Fund is a money market fund managed by HSBC Mutual Fund. Invest in money market instruments maturing within one year, such as treasury bills and commercial paper.

To generate regular income through investment in a portfolio comprising substantially of money market instruments.There is no assurance that the investment objective of the scheme will be realized.

The scheme's stated objective, as published by HSBC Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹30.2114151054
DirectDaily IDCW₹10.8591151055
DirectMonthly IDCW₹12.2445151052
DirectWeekly IDCW₹13.1834151053
RegularGrowth₹28.7298151048
RegularDaily IDCW₹10.8591151049
RegularMonthly IDCW₹11.591151051
RegularWeekly IDCW₹13.0964151050

Frequently asked questions

What is the NAV of HSBC Money Market Fund today?

The NAV of HSBC Money Market Fund (Direct plan, Growth) is ₹30.2114 and the Regular plan NAV is ₹28.7298, as of 13 Nov 2026.

What returns has HSBC Money Market Fund given?

Over the last year the Direct plan returned 6.45%, and 7.27% a year over 3 years. That places it 14 of 23 funds in its category over 3 years. Past returns do not guarantee future returns.

What is the expense ratio of HSBC Money Market Fund?

The Direct plan charges 0.15% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in HSBC Money Market Fund?

You can start a monthly SIP with ₹1,000, or invest a lump sum of ₹5,000 or more.

How much has HSBC Money Market Fund fallen in the past?

Its deepest fall was 0.2% from 11 May 2026 to 22 May 2026. Of every one-year stretch in its history, 100% ended in a gain.

Which category does HSBC Money Market Fund belong to?

It is a Money Market Fund from HSBC Mutual Fund. Invest in money market instruments maturing within one year, such as treasury bills and commercial paper.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from HSBC Money Market Fund taxed?

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.