{"id":206188,"date":"2026-08-17T11:29:30","date_gmt":"2026-08-17T05:59:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=206188"},"modified":"2026-08-17T11:29:31","modified_gmt":"2026-08-17T05:59:31","slug":"hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/","title":{"rendered":"HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 Review: Plans, NAV, Returns and Portfolio Analysis 2026"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020: 1 variants. NAV Rs 10 (29-Apr-2020). Category Fixed Maturity Plan. Risk Moderate.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 is a fixed maturity plan from HSBC Mutual Fund, with a representative NAV of Rs 10 as on 29-Apr-2020. The scheme is offered across 1 plan and option variants covering Other Plan. It carries a Moderate risk rating and targets investors who want to hold a fixed portfolio of debt securities maturing broadly in line with the scheme&#8217;s tenure. Read on for the full breakdown of plans, expense ratios, returns and exit load.<\/p>\n<\/div>\n<p>Offered as part of HSBC Mutual Fund&#8217;s open-ended fund lineup, HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 sits in the fixed maturity plan category and targets investors with a risk appetite and time horizon that match its mandate. The fund currently provides 1 active scheme codes, giving investors a choice across Other Plan and IDCW. Whether you are looking to reduce cost through a Direct Plan or want periodic payouts via an IDCW option, this scheme has a configuration worth exploring.<\/p>\n<p>This review breaks down the key metrics for HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020: NAV figures across all variants, how the Direct and Regular Plan expense ratios compare, what the returns picture looks like, and which type of investor this scheme is built for. All figures reflect publicly available data as of August 2026.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=hsbc-fts-128-tenure-1106-days-maturity-2\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_All_Plans_and_Options\" title=\"HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020: All Plans and Options\">HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020: All Plans and Options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Investment_Objective_and_What_the_Fund_Holds\" title=\"Investment Objective and What the Fund Holds\">Investment Objective and What the Fund Holds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Performance_and_Returns\" title=\"Performance and Returns\">Performance and Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Direct_Plan_vs_Regular_Plan\" title=\"Direct Plan vs Regular Plan\">Direct Plan vs Regular Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Expense_Ratio_and_Exit_Load\" title=\"Expense Ratio and Exit Load\">Expense Ratio and Exit Load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Who_Should_Consider_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"Who Should Consider HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020\">Who Should Consider HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Key_Risks_Before_You_Invest\" title=\"Key Risks Before You Invest\">Key Risks Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#How_to_Get_Started_with_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"How to Get Started with HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020\">How to Get Started with HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Frequently_Asked_Questions_on_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"Frequently Asked Questions on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020\">Frequently Asked Questions on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#What_is_the_current_NAV_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"What is the current NAV of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">What is the current NAV of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#How_many_plans_and_options_does_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_offer\" title=\"How many plans and options does HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 offer?\">How many plans and options does HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 offer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#What_is_the_investment_objective_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"What is the investment objective of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">What is the investment objective of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#What_is_the_risk_level_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"What is the risk level of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">What is the risk level of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Should_I_choose_the_Growth_or_IDCW_option_in_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"Should I choose the Growth or IDCW option in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">Should I choose the Growth or IDCW option in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#What_is_the_difference_between_the_Direct_and_Regular_Plan_in_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"What is the difference between the Direct and Regular Plan in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">What is the difference between the Direct and Regular Plan in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#What_is_the_exit_load_on_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\" title=\"What is the exit load on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?\">What is the exit load on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review\/#Is_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_suitable_for_SIP_investment\" title=\"Is HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 suitable for SIP investment?\">Is HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 suitable for SIP investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_All_Plans_and_Options\"><\/span><strong>HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020: All Plans and Options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is a full reference of all active scheme codes under HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020. The Direct Plan cuts out distributor commission, lowering the expense ratio versus the Regular Plan. IDCW options distribute available surplus periodically while Growth options compound it back into the NAV.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<td><strong>Scheme Code<\/strong><\/td>\n<td><strong>Plan<\/strong><\/td>\n<td><strong>Option<\/strong><\/td>\n<td><strong>ISIN<\/strong><\/td>\n<td><strong>NAV (Rs)<\/strong><\/td>\n<td><strong>Date<\/strong><\/td>\n<\/tr>\n<tr>\n<td>141205<\/td>\n<td>Other Plan<\/td>\n<td>IDCW<\/td>\n<td>INF336L01MA1<\/td>\n<td>10<\/td>\n<td>29-Apr-2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Objective_and_What_the_Fund_Holds\"><\/span><strong>Investment Objective and What the Fund Holds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The mandate of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 is to hold a fixed portfolio of debt securities maturing broadly in line with the scheme&#8217;s tenure. In practice, the portfolio holds a portfolio locked to a defined maturity date, typically buy-and-hold.<\/p>\n<p>SEBI&#8217;s category rules mean the fund cannot stray significantly from this structure without approval, which gives investors a predictable sense of what they own. That predictability is especially useful when comparing this scheme against peers in the same category.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Performance_and_Returns\"><\/span><strong>Performance and Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Returns for HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 are best assessed across at least a full market cycle rather than over six or twelve months, since short-term numbers can be distorted by rate moves or equity swings. The Direct Plan version of the fund typically delivers a slightly higher return than the Regular Plan, driven entirely by the lower expense ratio rather than any difference in the underlying portfolio.<\/p>\n<p>Between the Growth and IDCW options, the Growth variant builds NAV by reinvesting all gains. The IDCW variant distributes whatever surplus is available at the chosen frequency, which means its NAV grows more slowly on paper even though the underlying portfolio generates the same return. This distinction matters for tax planning: IDCW payouts are taxed as income, while Growth option gains are treated as capital gains.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Direct_Plan_vs_Regular_Plan\"><\/span><strong>Direct Plan vs Regular Plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Choosing between the two plans comes down to one question: do you want an advisor or distributor to help manage your investment? If yes, the Regular Plan of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 makes sense, and its expense ratio will reflect the distributor&#8217;s fee. If you are comfortable transacting directly with the AMC or through a registered investment advisor, the Direct Plan offers the same portfolio at a lower cost.<\/p>\n<p>Over a decade, even a 0.5 percentage point difference in annual expense compounds meaningfully. Investors who switch from Regular to Direct Plan mid-way lose some of that benefit, so the decision is worth thinking through carefully at the outset.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Expense_Ratio_and_Exit_Load\"><\/span><strong>Expense Ratio and Exit Load<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Running costs for the fund are deducted from the scheme&#8217;s assets on a daily basis before the NAV is published. Investors do not pay these separately; the deduction simply means the NAV grows slightly more slowly than the gross portfolio return. The lower the expense ratio, the more of the portfolio&#8217;s return the unit holder actually keeps.<\/p>\n<p>Always check the latest scheme information document or the AMC website for the current expense ratio and exit load before transacting. Both can be revised by the AMC with prior notice to unit holders, and the figures in a factsheet from six months ago may not reflect today&#8217;s structure.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Should_Consider_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>Who Should Consider HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Defined-horizon investors.<\/strong> FMPs work best for those who can stay invested for the full tenure and want more return visibility than an open-ended debt fund offers.<\/p>\n<p><strong>Conservative debt investors.<\/strong> The buy-and-hold structure limits interim mark-to-market volatility compared with actively managed duration funds.<\/p>\n<p><strong>Tax-planning investors.<\/strong> Longer-tenure FMPs have historically offered indexation benefits for investors in higher tax brackets, though applicable rules should always be confirmed before investing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_Before_You_Invest\"><\/span><strong>Key Risks Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Illiquidity during tenure.<\/strong> FMPs are closed-ended. Secondary market liquidity is thin, so investors needing to exit before maturity may not get a fair price.<\/p>\n<p><strong>Credit risk.<\/strong> Even with a focus on quality paper, any issuer default or downgrade in the portfolio can affect NAV.<\/p>\n<p><strong>Reinvestment risk.<\/strong> Coupons received during the tenure are reinvested at prevailing yields, which may be lower in a falling rate environment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Get_Started_with_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>How to Get Started with HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pick your variant first: Direct or Regular Plan, and Growth or IDCW option. Then confirm your KYC is active. First-time mutual fund investors need to complete KYC online through a SEBI-registered intermediary or the AMC&#8217;s portal before any investment can be processed.<\/p>\n<p>Once KYC is sorted, you can invest in the fund as a lump sum or via a Systematic Investment Plan. SIP contributions spread purchases across market levels, which is particularly useful for equity and hybrid categories where entry timing matters less over a long horizon.<\/p>\n<p>After investing, set a quarterly calendar reminder to review the fund&#8217;s latest factsheet. Check whether the NAV trajectory aligns with the category benchmark, and confirm the portfolio allocation has not drifted outside the expected range.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Mutual Fund and Stock Data<\/strong><\/a><\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the fund NAV and get research-backed investment ideas.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With 1 plan and option variants and a representative NAV of Rs 10 as on 29-Apr-2020, The fund gives investors meaningful flexibility to align cost structure and payout preference with their specific situation. The Moderate risk rating reflects the category mandate, and the gap between Direct and Regular Plan expense ratios rewards those who choose to transact independently. Review the latest scheme information document and consult a SEBI-registered advisor before committing.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data sourced from publicly available information. Verify all figures on nseindia.com or bseindia.com before investing. Investments are subject to market risk. For educational purposes only. Not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>Frequently Asked Questions on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>What is the current NAV of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The current NAV of the fund for the Direct Growth option is Rs 10 as on 29-Apr-2020. NAV updates at the close of each business day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_plans_and_options_does_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_offer\"><\/span><strong>How many plans and options does HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 offer?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The fund offers 1 scheme codes covering Other Plan and IDCW.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_investment_objective_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>What is the investment objective of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The fund aims to hold a fixed portfolio of debt securities maturing broadly in line with the scheme&#8217;s tenure, holding a portfolio locked to a defined maturity date, typically buy-and-hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_risk_level_of_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>What is the risk level of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The fund carries a Moderate risk rating on the SEBI riskometer scale, reflecting its fixed maturity plan mandate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_choose_the_Growth_or_IDCW_option_in_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>Should I choose the Growth or IDCW option in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Growth suits investors focused on long-term accumulation since gains compound back into the NAV. IDCW suits those who need periodic cash flow from the investment, with the understanding that payouts depend on distributable surplus and are not guaranteed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_the_Direct_and_Regular_Plan_in_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>What is the difference between the Direct and Regular Plan in HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Direct Plan carries a lower expense ratio than the Regular Plan since it excludes distributor commission. Over long horizons, this cost difference compounds and can noticeably affect the final corpus.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_exit_load_on_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020\"><\/span><strong>What is the exit load on HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Exit load terms can vary and are revised periodically by AMCs. Check the latest scheme information document before redeeming.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HSBC_FTS_128_Tenure_1106_Days_MATURITY_29_Apr_2020_suitable_for_SIP_investment\"><\/span><strong>Is HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 suitable for SIP investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The fund can be invested through a Systematic Investment Plan, which spreads purchases across market levels and is especially useful for equity and hybrid categories with longer investment horizons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Complete review of HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 with latest NAV, all plans and options, expense ratio and investor suitability.<\/p>\n","protected":false},"author":35,"featured_media":206186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[3802],"class_list":["post-206188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["206186"],"_edit_lock":["1786946374:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["3841"],"rank_math_seo_score":["70"],"rank_math_title":["HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 Review 2026"],"rank_math_description":["HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020 review: NAV Rs 10, expense ratio, returns and who this scheme suits."],"rank_math_focus_keyword":["HSBC FTS 128 Tenure 1106 Days MATURITY: 29 Apr 2020"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"_edit_last":["29"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["37801"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/08\/hsbc-fts-128-tenure-1106-days-maturity-29-apr-2020-review.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/206188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=206188"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/206188\/revisions"}],"predecessor-version":[{"id":206231,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/206188\/revisions\/206231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/206186"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=206188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=206188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=206188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}