HSBC Overnight Fund
Overnight fund – An open ended debt scheme investing in overnight securities. Relatively low interest rate risk and relatively low credit risk.
(L&T Overnight Fund has merged into HSBC Overnight Fund)
Investment Objective
The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. However, there is no assurance that the investment objective of the Scheme will be achieved.
* As per the Regulations, the Fund shall dispatch the redemption proceeds within 10 Business Days from the date of acceptance of redemption request. The Fund will endeavor to dispatch the redemption proceeds in 1 Business Day from the date of receiving a valid redemption request.
Our philosophy
- We deploy a balanced approach to credit and risk management
- Transparency in investment methodology
- Active investment opportunity supported by proprietary credit research
Our process
Proprietary research drives security selection:
- Balanced approach for security selection to achieve optimal risk adjusted returns
- Balanced approach in managing risk – well managed issuer concentration
- Benefits from global investment network and research sharing platform
Why HSBC Overnight Fund?
HSBC Mutual Fund’s Fixed Income investment team operate on three core pillars.
- Risk Management is core to the way we do business. It’s our endeavor to bring the same in management of HSBC Overnight Fund
- To ensure optimal liquidity to suit the investor's requirements in various situations, our fund managers follow stringent liquidity norms
HSBC Overnight Fund
(Overnight fund - An open ended debt scheme investing in overnight securities)
This product is suitable for investors who are seeking* :
- income over short term and high liquidity
- investment in debt & money market instruments with overnight maturity
Investors understand that their principal
will be at Low Risk
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate risk (measured by Macaulay Duration of the scheme) and maximum credit risk (measured by Credit Risk Value of the scheme) the fund manager can take in the scheme. PRC matrix classification is done in accordance with and subject to the methodology/guidelines prescribed by SEBI to help investors take informed decision based on the maximum interest rate risk and maximum credit risk the fund manager can take in the scheme, as depicted in the PRC matrix.
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