As on 17 Sept 2024
HSBC Money Market Fund - Direct Growth
DebtNAV
₹ 26.06
CAGR (3 Years)
6.11%
AUM (Cr)
₹ 2,239.63
Risk
Low to Moderate Risk
About HSBC Money Market Fund - Direct Growth
The primary objective of the Scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities, Government secu
Breakdown of this Fund
Debt Others
107.23%
Govt. Securities
9.98%
T Bills
50.24%
Market Capitalization
Expense Ratio, Exit Load and Tax
Expense Ratio
0.2
Exit Load
Nil
Stamp Duty
0.005% (from July 1st, 2020)
Tax Implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.