HealthyDirect · GrowthFit for a long SIP
HSBC Money Market Fund
HSBC Mutual FundIncome/Debt Oriented Schemes - Money Market Fund3.9 years
- NAV
- 30.1241
- 3 Nov 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 3 Nov 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 · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
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
0.15% 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
4% 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.
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+6.3%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.4%
- 3Y+6.9%
- 5Yn/a
- 10Yn/a
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- +0.0%
- Category median, same plan and option
- 3Y win rate
- +4%
- Windows beating the median
- 3Y percentile
- 44
- Vs comparable share classes
- SIP 3Y XIRR
- +6.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.1%
- 225 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
2
Risk-adjusted
100
Drawdown
100
Mean
59
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
- 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
- 1.63
- 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
- 3.27
- 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
- 1.60
- 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
- 0.86
- 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