{"id":240662,"date":"2026-09-10T12:24:01","date_gmt":"2026-09-10T06:54:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hsbc-banking-and-psu-debt-fund-direct-growth-review-2026\/"},"modified":"2026-09-10T12:24:01","modified_gmt":"2026-09-10T06:54:01","slug":"hsbc-banking-and-psu-debt-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hsbc-banking-and-psu-debt-fund-direct-growth-review-2026\/","title":{"rendered":"HSBC Banking and PSU Debt Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-banking-and-psu-debt-fund-g-direct-plan\">HSBC Banking and PSU Debt Fund Direct Growth Plan<\/a> has a NAV of \u20b927.272 as of 09 Sep 2026 and manages \u20b93,777 Cr. Its 1-year, 3-year and 5-year returns are 5.5%, 7.08% and 5.7% respectively, and the risk category is Medium Risk.<\/p>\n<p>Our view is that this is a conservative debt fund with a fairly steady long-run profile, helped by a portfolio centred on banking and PSU issuers, select corporate debt and some government securities. The recent return pattern is better suited to investors who want moderate stability rather than sharp upside, with the main trade-off being that returns can trail a stronger short-term benchmark stretch.<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HSBC_Banking_and_PSU_Debt\" title=\"Should you BUY or HOLD HSBC Banking and PSU Debt?\">Should you BUY or HOLD HSBC Banking and PSU Debt?<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/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-banking-and-psu-debt-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-banking-and-psu-debt-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b927.272 as of 09 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b93,777 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.23%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>01 Jan 2013<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load after holding period<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Mahesh Chhabria, Mohd Asif Rizwi<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.03%<\/td>\n<td>-4.69%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.5%<\/td>\n<td>0.93%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.5%<\/td>\n<td>-7.16%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.08%<\/td>\n<td>6%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>5.7%<\/td>\n<td>5.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent profile is better than the benchmark over 1 month, 3 months and 1 year, which tells us the fund has held up more evenly than the reference index in the latest stretch. The 1-year number is especially notable because the benchmark is negative over the same period, while the fund stayed in positive territory.<\/p>\n<p>The longer view is more balanced. Over 3 years, the fund and benchmark are close, and over 5 years the benchmark is only slightly ahead. That suggests the fund has not relied on one-off bursts; instead, it has delivered a steadier path with modest compounding.<\/p>\n<p>The pattern across the time windows shows some short-term waviness, but not the kind of sharp drawdown or rebound that would normally point to aggressive duration risk. For investors, that usually means the fund may be more about carrying income-style return consistency through different rate environments than about outperforming every short period.<\/p>\n<p>Overall, the short-term edge over the benchmark is stronger than the long-term gap. That makes the fund look resilient in recent market conditions, even though the 5-year figure remains broadly in line with the benchmark rather than clearly ahead of it.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HSBC_Banking_and_PSU_Debt\"><\/span>Should you BUY or HOLD HSBC Banking and PSU Debt?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding HSBC Banking and PSU Debt? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-banking-and-psu-debt-fund-g-direct-plan\">HSBC Banking and PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>5.5%<\/td>\n<td>7.08%<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/trustmf-banking-and-psu-fund-g-direct-plan\">TRUSTMF Banking &amp; PSU Fund Direct Growth Plan<\/a><\/td>\n<td>7.26%<\/td>\n<td>7.52%<\/td>\n<td>6.17%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-banking-and-psu-debt-fund-g-direct-plan\">Franklin India Banking &amp; PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.68%<\/td>\n<td>7.58%<\/td>\n<td>6.45%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/uti-banking-and-psu-debt-fund-g-direct-plan\">UTI Banking &amp; PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.3%<\/td>\n<td>7.47%<\/td>\n<td>7.72%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-banking-and-psu-debt-fund-g-direct-plan\">Bandhan Banking and PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.05%<\/td>\n<td>7.22%<\/td>\n<td>6.26%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-banking-and-psu-debt-fund-g-direct-plan\">ICICI Pru Banking and PSU Debt Fund Direct Growth Plan<\/a><\/td>\n<td>6.01%<\/td>\n<td>7.39%<\/td>\n<td>6.71%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the latest 1-year view, the fund trails all five peers listed here, although its 5.5% return remains positive. The gap is narrower over 3 years, where it sits close to the middle of the peer group, but the 5-year return is still below several peers that have compounded more strongly.<\/p>\n<p>That mix tells a split story: the short-term showing is softer than the stronger peer names, while the medium-term outcome is more competitive. The longer record suggests the fund has delivered a reasonable, but not standout, compounding path compared with these peers, especially when measured over five years.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sidbi**<\/td>\n<td>Corporate Debt<\/td>\n<td>8.99%<\/td>\n<\/tr>\n<tr>\n<td>Indian Railway Finance Corporation Ltd**<\/td>\n<td>Corporate Debt<\/td>\n<td>8.89%<\/td>\n<\/tr>\n<tr>\n<td>Exim Bank**<\/td>\n<td>Corporate Debt<\/td>\n<td>8.26%<\/td>\n<\/tr>\n<tr>\n<td>NABARD**<\/td>\n<td>Corporate Debt<\/td>\n<td>5.66%<\/td>\n<\/tr>\n<tr>\n<td>REC Limited**<\/td>\n<td>Corporate Debt<\/td>\n<td>5%<\/td>\n<\/tr>\n<tr>\n<td>Housing and Urban Development Corp. Ltd.**<\/td>\n<td>Corporate Debt<\/td>\n<td>4.63%<\/td>\n<\/tr>\n<tr>\n<td>Power Finance Corporation Limited**<\/td>\n<td>Corporate Debt<\/td>\n<td>4.51%<\/td>\n<\/tr>\n<tr>\n<td>Canara Bank**<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.49%<\/td>\n<\/tr>\n<tr>\n<td>National Housing Bank**<\/td>\n<td>Corporate Debt<\/td>\n<td>3.43%<\/td>\n<\/tr>\n<tr>\n<td>6.94% GOI 11-May-2036<\/td>\n<td>Government Securities<\/td>\n<td>3.11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 56.97% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-banking-and-psu-debt-fund-g-direct-plan\">HSBC Banking and PSU Debt Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, Sidbi**, is 8.99%, which is meaningful but not unusually dominant for a debt portfolio built around high-quality issuers. The decline from the first holding to the tenth is fairly measured, moving from the high single digits to just above 3%, so the exposure does not look narrowly concentrated in one line item.<\/p>\n<p>At the same time, the top 10 positions still account for 56.97% of the portfolio, which means a little more than half of the disclosed holdings sit in the largest names. With 38 holdings disclosed, the fund likely has a longer tail beyond the visible top positions, so the overall structure may provide some spread while still leaving the biggest issuers with the most influence.<\/p>\n<p>That mix is consistent with a banking and PSU debt strategy. The largest weights sit largely in corporate debt names, with one certificate of deposit and one government security in the top 10, so the portfolio may be designed to balance issuer quality, liquidity and income stability rather than chase concentration in a single security type.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund may suit conservative investors who can accept some variation in returns but still want a debt-oriented allocation with relatively steady behaviour across market cycles. The Medium Risk tag and the return pattern suggest it is better aligned with investors who value stability and moderate compounding over aggressive upside.<\/p>\n<p>A medium- to long-term horizon fits it better than a very short holding period, because the 3-year and 5-year outcomes are more useful than the monthly swings. The main trade-off is that the fund can stay competitive without always leading stronger peers, especially when the recent environment turns favourable for alternative debt strategies.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load<\/strong>: No exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 09 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HSBC Banking and PSU Debt Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b927.272 as of 09 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>Its 1-year, 3-year and 5-year returns are 5.5%, 7.08% and 5.7%.<\/p>\n<p><strong>How does it compare with the benchmark?<\/strong><br \/>It has beaten the benchmark over 1 month, 3 months and 1 year, while the 3-year and 5-year numbers are close to the benchmark.<\/p>\n<p><strong>How does it compare with peer funds?<\/strong><br \/>Its 1-year return is below the five peer funds listed here, while the 3-year result is broadly in the same range and the 5-year result is weaker than several peers.<\/p>\n<p><strong>Is there a minimum SIP amount?<\/strong><br \/>Yes. The minimum SIP amount is \u20b91,000.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi. There is no exit load after the holding period.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HSBC Banking and PSU Debt Fund Direct Growth Plan looks steadier over time than its recent benchmark comparison alone might suggest. The latest stretch is better than the benchmark, but the longer record is more balanced, which makes the fund feel like a consistent debt allocation rather than a clear outperformance story. The portfolio is led by banking and PSU-style credit exposure with a meaningful share in the largest holdings, so it may appeal to conservative investors who want medium-risk debt exposure and can accept that short-term peer comparisons are not always the strongest.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 10 September 2026 at 12:20 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HSBC Banking and PSU Debt Fund Direct Growth Plan\",\"identifier\":\"hsbc-banking-and-psu-debt-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"01 Jan 2013\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":27.272,\"valueReference\":\"as of 09 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"3777 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.23\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.5},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.08},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":5.7},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Mahesh Chhabria, Mohd Asif Rizwi\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HSBC Banking and PSU Debt Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b927.272 as of 09 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year, 3-year and 5-year returns are 5.5%, 7.08% and 5.7%.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark over 1 month, 3 months and 1 year, while the 3-year and 5-year numbers are close to the benchmark.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is below the five peer funds listed here, while the 3-year result is broadly in the same range and the 5-year result is weaker than several peers.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The minimum SIP amount is \u20b91,000.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Mahesh Chhabria and Mohd Asif Rizwi. There is no exit load after the holding period.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC Banking and PSU Debt Fund Direct Growth Plan has a NAV of \u20b927.272 as of 09 Sep 2026. Its 1Y, 3Y and 5Y returns are 5.5%, 7.08% and 5.7% with Medium Risk.<\/p>\n","protected":false},"author":38,"featured_media":240655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-240662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["240655"],"rank_math_title":["HSBC Banking and PSU Debt Fund NAV &amp; Returns Review"],"rank_math_description":["HSBC Banking and PSU Debt Fund Direct Growth Plan NAV is \u20b927.272 as of 09 Sep 2026. 1Y return: 5.5%. 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