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HSBC Money Market Fund - Direct Daily IDCW
★★★★★ monitor_heart Health Score: 53/100 · AverageHSBC Mutual Fund · Debt · Money Market Fund
₹10.86
AUM: ₹5,803 Cr
NAV updated 26 days ago
Plan
Direct
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.16%
Exit Load
Nil
Fund Manager
Mahesh A Chhabria
Inception
Jan 2013
Benchmark
NIFTY Money Market Index A-I
Sharpe Ratio
-30.95
Std Dev (1Y)
0.21%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.02%
3m
+0.0%
6m
+0.0%
1y
+0.0%
3y
+0.0%
5y
+6.31%
10y
+6.9%
since inception
+0.0%
rate_review TopFund's Take on HSBC Money Market Fund - Direct Daily IDCW
HSBC Money Market Fund - Direct Daily IDCW sits in the middle of the pack for Money Market Fund funds, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.
Cost: At 0.16%, the expense ratio is meaningfully cheaper — about 41% below the Money Market Fund category average of 0.27% (based on 48 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -30.95 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.21% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about HSBC Money Market Fund - Direct Daily IDCW
The current NAV (Net Asset Value) of HSBC Money Market Fund - Direct Daily IDCW is ₹10.86. NAV is updated every business day after market close by AMFI.
1Y: 0.0% · 3Y CAGR: 0.0% · 5Y CAGR: 6.31%
The expense ratio is 0.16% per annum — the annual fee deducted from your investment to cover fund management costs.
HSBC Money Market Fund - Direct Daily IDCW is managed by Mahesh A Chhabria at HSBC Mutual Fund.
HSBC Money Market Fund - Direct Daily IDCW is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
HSBC Money Market Fund - Direct Daily IDCW is a Money Market Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of HSBC Money Market Fund - Direct Daily IDCW is ₹5,804 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.