About HSBC Ultra Short Duration Fund Direct - Growth
HSBC Ultra Short Duration Fund Direct - Growth is a Debt
mutual fund scheme from HSBC Mutual Fund
. This scheme was launched on 30 Jan 2020 and is currently managed by its fund manager Kapil Punjabi
. It has an AUM of ₹512.92 Crores and the latest NAV decalared is ₹1030.736 as on 04 Jul 2020 at 8:54 am.
HSBC Ultra Short Duration Fund Direct - Growth scheme return performance is 3.03% since scheme launch. The min. SIP amount to invest in this scheme is ₹5000.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.