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HSBC Gilt Fund - Direct Plan - Quarterly IDCW

To generate returns from a portfolio from investments in Government Securities. There is no assurance that the investment objective of the scheme will be realized.

AMC websiteScheme documentsNAV history (AMFI)

HSBC Mutual FundGilt FundsDirect · IDCW (income distribution)Riskometer: Moderate Risk
NAV · 16 Oct 2026₹11.6486▲ 0.12% (1 day)
  • Current NAV₹11.6486
  • Fund Size (AUM)₹ 152 Cr.
  • Expense Ratio0.50 %
  • 1Y Return-6.61%
  • 3Y Return (CAGR)-1.65%
  • 5Y Return (CAGR)—
  • Category Rank (3Y)—
  • RiskometerModerate Risk
  • Min. SIP / Lump sum₹ 1,000 / ₹ 5,000
More figures (11)
  • Since Launch (CAGR)-1.91%
  • Benchmark—
  • Volatility (3Y)4.88 %
  • Sharpe Ratio (3Y)-1.67
  • Beta (3Y)—
  • 52-week High / Low₹12.4726 / ₹11.6221
  • Max Drawdown-11.0 %
  • Launched1 Jan 2013
  • Lock-inNone
  • Portfolio Turnover—
  • Fund ManagersShriram Ramanathan, Mohd Asif Rizwi

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 3 years it returned -1.7% a year.
  • Volatility over 3 years was 4.9% a year, with a Sharpe ratio of -1.67.
  • Its biggest fall from a peak was 11.0% (28 May 2025 to 14 Oct 2026).
  • Across all 3-year periods since launch, yearly returns ranged from -2.2% to -0.4% and were positive 0% of the time.
  • Expense ratio 0.50%, fund size ₹152 crore.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund-0.20%-2.33%-3.11%-2.48%-4.48%-6.61%-4.28%-1.65%———-1.91%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Gilt Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD202520242023
This fund-4.48%-2.87%+1.86%-0.69%

January to December each year; the current year is to date.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?4.88%4.72%
Sharpe ratio ?-1.67—
Sortino ratio ?-1.83—
Maximum drawdown-11.04%-11.04%

Rolling 3-year returns (yearly)

Lowest-2.15%
Median-1.21%
Highest-0.36%
Positive0% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,15,237₹-4,763-7.25%
3Y₹3,60,000₹3,36,580₹-23,420-4.32%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

Compare with all Gilt Funds (29)

About Gilt Funds
Scheme (Direct plans, Growth)NAV1M6M1Y3Y5Y
Aditya Birla Sun Life Gilt Fund - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹87.3659—————
Axis Gilt Fund - Direct Plan - Growth OptionAxis Mutual Fund₹28.2693—————
Bajaj Finserv Gilt Fund - Direct Plan - GrowthBajaj Finserv Mutual Fund₹1,075.13—————
Bandhan 10 year Constant Maturity Gilt Fund - Direct Plan - GrowthBandhan Mutual Fund₹48.3634—————
Bandhan Gilt Fund - Direct Plan - GrowthBandhan Mutual Fund₹40.9040—————
BARODA BNP PARIBAS GILT FUND - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹48.0024—————
Canara Robeco Gilt Fund - Direct Plan - GROWTH OPTIONCanara Robeco Mutual Fund₹82.7636—————
DSP 10 year Constant Maturity Gilt Fund - Direct Plan - GrowthDSP Mutual Fund₹22.5919—————
DSP Gilt Fund - Direct Plan - GrowthDSP Mutual Fund₹104.6523—————
Edelweiss Gilt Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹26.3340—————
Franklin India Gilt Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹67.4243—————
Groww Gilt Fund - Direct Plan - GrowthGroww Mutual Fund₹10.0116—————
HDFC Gilt Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹59.8445—————
HSBC Gilt Fund - Direct Plan - GrowthHSBC Mutual Fund₹76.9370—————
ICICI Prudential 10 year Constant Maturity Gilt Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹26.1097—————
ICICI Prudential Gilt Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹114.9133—————
Invesco India Gilt Fund - Direct Plan - GrowthInvesco Mutual Fund₹3,182.48—————
Kotak Gilt Fund - Direct Plan - GrowthKotak Mahindra Mutual Fund₹110.5210—————
Kotak Gilt Fund - Direct Plan - Investment Provident Fund and Trust-GrowthKotak Mahindra Mutual Fund₹113.1992—————
LIC MF Gilt Fund - Direct Plan - GrowthLIC Mutual Fund₹66.5272—————
Nippon India Gilt Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹44.0302—————
PGIM India Gilt Fund - Direct Plan - Direct GrowthPGIM India Mutual Fund₹33.1311—————
quant Gilt Fund - Direct Plan - Growth Optionquant Mutual Fund₹12.4363—————
SBI 10 YEAR CONSTANT MATURITY GILT FUND - Direct Plan - GrowthSBI Mutual Fund₹67.9453—————
SBI GILT FUND - Direct Plan - GrowthSBI Mutual Fund₹72.6091—————
Tata Gilt Fund - Direct Plan - Growth OptionTata Mutual Fund₹89.0749—————
Union Gilt Fund - Direct Plan - Growth OptionUnion Mutual Fund₹12.2677—————
UTI - Gilt Fund - Direct Plan - GrowthUTI Mutual Fund₹67.5580—————
UTI 10 year Constant Maturity Gilt Fund - Direct Plan - GrowthUTI Mutual Fund₹13.1145—————

Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).

Scheme details

Investment objective
To generate returns from a portfolio from investments in Government Securities. There is no assurance that the investment objective of the scheme will be realized.
Fund managers
Shriram Ramanathan, Mohd Asif Rizwi
Fund house
HSBC Mutual Fund
Category
Gilt Funds · Debt
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
151015
ISIN
INF917K01FK3, INF917K01FJ5
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Gilt Funds

Gilt Funds invest at least 80% in government securities, so credit risk is minimal, but prices move with interest rates.

Generally used by investors with a 3+ year horizon who understand interest-rate risk.

Other plans of this scheme

Questions about this scheme

What is the NAV of HSBC Gilt Fund today?
The latest NAV of HSBC Gilt Fund - Direct Plan - Quarterly IDCW is ₹11.6486 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has HSBC Gilt Fund given?
As on 16 Oct 2026: 1 year -6.61%, 3 years -1.65% a year. Past returns may or may not be sustained in future.
What is the expense ratio of HSBC Gilt Fund?
The expense ratio of the Direct plan is 0.50% (as of Sep 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Moderate Risk. Over 3 years its volatility was 4.9% a year and its biggest fall from a peak was 11.0%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Gilt Funds?
Gilt Funds invest at least 80% in government securities, so credit risk is minimal, but prices move with interest rates.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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