{"id":249570,"date":"2026-09-16T14:34:47","date_gmt":"2026-09-16T09:04:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hsbc-ultra-short-term-fund-direct-growth-review-2026\/"},"modified":"2026-09-16T14:34:47","modified_gmt":"2026-09-16T09:04:47","slug":"hsbc-ultra-short-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hsbc-ultra-short-term-fund-direct-growth-review-2026\/","title":{"rendered":"HSBC Ultra Short Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-ultra-short-term-fund-g-direct-plan\">HSBC Ultra Short Term Fund Direct Growth Plan<\/a> has a NAV of \u20b91482.9421 as of 15 Sep 2026 and an AUM of \u20b93,628 Cr. Its 1-year, 3-year and 5-year returns are 6.61%, 7.23% and 6.54%, and the fund sits in the Balanced Risk category. Our view is that it suits investors who want a fairly steady debt-oriented allocation, with returns that have been moderate and consistent rather than aggressive.<\/p>\n<p>The fund has stayed close to a low-volatility compounding pattern over time, while still lagging the benchmark on longer horizons. The portfolio mix is built around short-duration debt instruments, certificates of deposit, treasury bills and a limited amount of corporate debt, which supports a balanced risk profile.<\/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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HSBC_Ultra_Short_Term\" title=\"Should you BUY or HOLD HSBC Ultra Short Term?\">Should you BUY or HOLD HSBC Ultra Short Term?<\/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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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-ultra-short-term-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>\u20b91,482.9421 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b93,628 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.16%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>29 Jan 2020<\/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>Balanced Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty Mid Cap<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Mahesh Chhabria, Rahul Totla<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Mahesh Chhabria and Rahul Totla.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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>0.49%<\/td>\n<td>-4.67%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.77%<\/td>\n<td>-1.38%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.61%<\/td>\n<td>2.67%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.23%<\/td>\n<td>13.88%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.54%<\/td>\n<td>14.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent return pattern is calmer than the benchmark\u2019s. Over 1 month and 3 months, the fund stayed positive while the benchmark was weak, which suggests the portfolio has been able to preserve a more stable path through short-term swings.<\/p>\n<p>The longer picture is different. Over 1 year, the fund has done better than the benchmark, but over 3 years and 5 years it trails the benchmark by a wide margin. That tells us the fund has been steadier in the near term, yet it has not matched the benchmark\u2019s stronger long-run compounding.<\/p>\n<p>The time pattern also points to modest but persistent growth rather than sharp jumps. The fund\u2019s moves have been gradual, with short periods of softness and recovery, which fits a lower-drift portfolio style. For investors, that means the return profile may feel smoother, but the trade-off is that upside has been more limited than the benchmark over longer holding periods.<\/p>\n<p>In our view, the key point is that the fund\u2019s short-term behaviour and long-term behaviour do not tell the same story. The short-end has been resilient, while the 3-year and 5-year numbers show that the benchmark has compounded more strongly over time.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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_Ultra_Short_Term\"><\/span>Should you BUY or HOLD HSBC Ultra Short Term?<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 Ultra Short Term? 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-ultra-short-term-fund-g-direct-plan\">HSBC Ultra Short Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.61%<\/td>\n<td>7.23%<\/td>\n<td>6.54%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-midcap-fund-g-direct-plan\">HSBC Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>16.86%<\/td>\n<td>22.92%<\/td>\n<td>18.09%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-mid-cap-fund-g-direct-plan\">WOC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.85%<\/td>\n<td>21.03%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/helios-mid-cap-fund-g-direct-plan\">Helios Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>10.68%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-mid-cap-fund-g-direct-plan\">ITI Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>9.12%<\/td>\n<td>19.14%<\/td>\n<td>15.86%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/baroda-bnp-paribas-mid-cap-fund-g-direct-plan\">Baroda BNP Paribas Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>8.87%<\/td>\n<td>16.11%<\/td>\n<td>14.75%<\/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. The fund\u2019s 1-year return is below the stronger peer figures in this group, while its 3-year and 5-year returns are also well behind the better long-run compounding seen in the comparison set. That makes the short-term and long-term story consistent here: relative to these peers, the fund has been more restrained across all the available periods. For an investor, the main comparison point is stability versus return ambition.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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>Punjab National Bank^<\/td>\n<td>Certificate of Deposit<\/td>\n<td>8.05%<\/td>\n<\/tr>\n<tr>\n<td>Bank of Baroda^<\/td>\n<td>Certificate of Deposit<\/td>\n<td>6.04%<\/td>\n<\/tr>\n<tr>\n<td>91 Days Treasury Bill 24-Sep-2026<\/td>\n<td>Treasury Bills<\/td>\n<td>5.5%<\/td>\n<\/tr>\n<tr>\n<td>Indian Bank**<\/td>\n<td>Certificate of Deposit<\/td>\n<td>5.41%<\/td>\n<\/tr>\n<tr>\n<td>Mindspace Business Parks Reit**<\/td>\n<td>Corporate Debt<\/td>\n<td>4.87%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Limited**<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.67%<\/td>\n<\/tr>\n<tr>\n<td>LIC Housing Finance Limited**<\/td>\n<td>Corporate Debt<\/td>\n<td>4.32%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Limited**<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.02%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Securities Limited**<\/td>\n<td>Commercial Paper<\/td>\n<td>4%<\/td>\n<\/tr>\n<tr>\n<td>TREPS<\/td>\n<td>Cash &#038; Cash Equivalents and Net Assets<\/td>\n<td>3.51%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 50.39% of the portfolio. To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-ultra-short-term-fund-g-direct-plan\">HSBC Ultra Short Term Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is Punjab National Bank^ at 8.05%, which is meaningful but not dominant on its own. The next few positions are also in a similar range, so the portfolio does not rely on one oversized exposure.<\/p>\n<p>The weight falls gradually from the first holding to the tenth, from 8.05% to 3.51%. That kind of spacing suggests the fund may be spreading risk across multiple debt and cash-like positions rather than depending on a narrow set of bets. The fact that the top 10 account for just over half of the disclosed portfolio, across 33 holdings in total, also indicates a reasonably extended tail beyond the largest positions.<\/p>\n<p>In our view, this structure may make the fund less sensitive to any single issuer than a highly concentrated portfolio, while still keeping the major holdings influential. The mix of certificate of deposit, treasury bill, corporate debt and cash-equivalent exposure points to a portfolio designed for stability more than for aggressive capital appreciation.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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 investors who are comfortable with a Balanced Risk profile and want steadier movement rather than a fast-moving return journey. Its 1-year result is stronger than its 3-year and 5-year profile relative to the benchmark, so the main appeal is near-term resilience, not long-run outperformance versus the index.<\/p>\n<p>The fund may fit an intermediate holding period where the investor values smoother compounding and can accept that benchmark-like upside has not been matched over longer stretches. The trade-off is clear: the portfolio characteristics support stability, but that also means giving up some of the stronger long-term growth captured by the benchmark and by several peer funds on the same comparison horizon.<\/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.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 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 Ultra Short Term Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b91482.9421 as of 15 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 6.61% over 1 year, 7.23% over 3 years and 6.54% over 5 years.<\/p>\n<p><strong>How has it performed against the benchmark?<\/strong><br \/>It has beaten the benchmark over 1 month, 3 months and 1 year, but it trails the benchmark over 3 years and 5 years.<\/p>\n<p><strong>How does it compare with the listed peer funds?<\/strong><br \/>Its 1-year, 3-year and 5-year returns are lower than the stronger figures shown by several of the peer funds in this comparison set.<\/p>\n<p><strong>What is the fund\u2019s risk category?<\/strong><br \/>It is in the Balanced Risk category. The portfolio mix is built around certificate of deposit, treasury bill, corporate debt and cash-equivalent exposure.<\/p>\n<p><strong>What exit load applies to this fund?<\/strong><br \/>There is no exit load. Investors can redeem without an exit-load charge.<\/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 Ultra Short Term Fund Direct Growth Plan has looked steadier in the near term than it has over longer horizons. Its latest shorter-period results are positive, but the 3-year and 5-year numbers trail the benchmark and several peers with available data. The portfolio is spread across 33 holdings, led by certificates of deposit, a treasury bill and select corporate debt exposures, which supports a balanced risk profile and a relatively diversified debt structure. It is better read as a stability-oriented holding than a long-run return leader.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 2:32 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 Ultra Short Term Fund Direct Growth Plan\",\"identifier\":\"hsbc-ultra-short-term-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"29 Jan 2020\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":1482.9421,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"3628 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.16\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.61},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.23},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.54},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Mahesh Chhabria, Rahul Totla\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HSBC Ultra Short Term Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b91482.9421 as of 15 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 6.61% over 1 year, 7.23% over 3 years and 6.54% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark over 1 month, 3 months and 1 year, but it trails the benchmark over 3 years and 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the listed peer funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year, 3-year and 5-year returns are lower than the stronger figures shown by several of the peer funds in this comparison set.\"}},{\"@type\":\"Question\",\"name\":\"What is the fund\u2019s risk category?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is in the Balanced Risk category. The portfolio mix is built around certificate of deposit, treasury bill, corporate debt and cash-equivalent exposure.\"}},{\"@type\":\"Question\",\"name\":\"What exit load applies to this fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no exit load. Investors can redeem without an exit-load charge.\"}}]}<\/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 Ultra Short Term Fund Direct Growth Plan review for 2026: NAV \u20b91482.9421, 1Y 6.61%, 3Y 7.23%, 5Y 6.54%, AUM \u20b93,628 Cr, Balanced Risk.<\/p>\n","protected":false},"author":38,"featured_media":249569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-249570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["249569"],"rank_math_title":["HSBC Ultra Short Term Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["HSBC Ultra Short Term Fund Direct Growth Plan review: NAV \u20b91482.9421, 1Y return 6.61%, AUM \u20b93,628 Cr, Balanced Risk."],"rank_math_focus_keyword":["HSBC Ultra Short Term Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/HSBC_Ultra_Short_Term_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/249570","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\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=249570"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/249570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/249569"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=249570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=249570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=249570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}