Sharpe ratio
0.74Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+6.54%1Y Absolute Return
-0.05%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| HSBC Arbitrage Fund - Direct GrowthFund 3Y annualised return · 5Y history unavailable | ₹8,71,333 | ₹7,32,612 | ₹1,38,721 | +7.17% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.07
₹1 Lakh since launch₹1.07 Lakh
Fund age4.0 yrs
Fund information
Scheme code151138
ISININF917K01QR5
BenchmarkNIFTY 50 Arbitrage TRI
CategoryHybrid Scheme - Arbitrage Fund
Expense ratio1.45%
Exit loadExit load of 0.25% if redeemed within 1 month
Minimum SIP₹500 SIP
Return comparison
33rd / 163 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +7.07% | — | — |
| 3M | +6.19% | — | — |
| 6M | +6.38% | — | — |
| 1Y | +6.54% | — | +4.86% |
| 3Y | +7.17% | — | +5.29% |
| Since Launch | +7.38% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
1.47Return earned while limiting downside risk.
Good
Good downside protection with strong returns.
Standard deviation
1.40%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
22.72How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Hedged Equity68.41%
Debt30.79%
Cash1.20%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 275 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 68.406% |
| HSBC Money Market Fund Direct-Growth | Unspecified | Mutual Fund | 17.4122% |
| HDFC Bank Ltd | Financial | Equity | 5.3748% |
| ICICI Bank Ltd | Financial | Equity | 4.3289% |
| Bandhan Bank Ltd | Financial | Equity | 3.6076% |
| Adani Transmission Ltd | Energy & Utilities | Equity | 2.9952% |
| Steel Authority Of India Ltd | Materials | Equity | 2.7584% |
| Yes Bank Ltd | Financial | Equity | 2.6997% |
| INDIAN BANK CD 12JAN27 | Financial | Certificate of Deposit | 2.4584% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27 | Financial | Certificate of Deposit | 2.4283% |
Fund management
AS
Asif Rizwi
Since 2025 · Prior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank
Mr. Rizwi has done B.Tech and PGDM from IIM-C
MA
Mahesh A Chhabria
Since 2023 · Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
PR
Praveen Ayathan
Since 2014 · Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Mr. Praveen is a B.Sc (Mathematics).
Compare similar funds
No comparable category funds are available yet.
Summary
A low-risk hybrid scheme - arbitrage fund. NAV has been stable for its category — worst fall -0.32% with 1.4% volatility. Returns depend on cash-futures spreads and can temporarily fall below liquid-fund levels.
Strengths
- NAV has been stable for its category — worst fall -0.32% with 1.4% volatility.
- Same fund manager for 12+ years — the strategy has not chopped and changed.
- Ranks 33 of 163 in its category over 1 year.
Weaknesses
- None
Ideal investor
- Suited for parking money for 3–12 months or longer — an alternative to liquid funds and short-term FDs.
- Taxed as an equity fund, which may be more efficient than an FD for some tax brackets.
Risk drivers
- Cash-futures spread compression can reduce arbitrage returns.