About HSBC Low Duration Fund Direct-Dividend Daily
HSBC Low Duration Fund Direct-Dividend Daily is a Debt
mutual fund scheme from HSBC Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Kapil Punjabi
. It has an AUM of ₹183.93 Crores and the latest NAV decalared is ₹9.514 as on 09 Dec 2019 at 9:25 pm.
HSBC Low Duration Fund Direct-Dividend Daily scheme return performance in last 1 year is -1.62%, in last 3 years is 13.01% and 60.45% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.