Should I invest in HSBC Overnight Fund - Direct Monthly IDCW?

We don't give personal investment advice. HSBC Overnight Fund - Direct Monthly IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. 5-year CAGR: 0.01%.

HSBC

HSBC Overnight Fund - Direct Monthly IDCW

Latest NAV

₹1,001.2761

As of

3 Jun 2026

1,298 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	+0.00%	+0.01	30 / 93	Q2
1W	+0.10%	+0.02%	+0.08	29 / 93	Q2
2W	-0.19%	+0.03%	-0.22	83 / 93	Q4
1M	+0.03%	+0.08%	-0.05	27 / 92	Q2
3M	+0.03%	+0.29%	-0.25	29 / 92	Q2
6M	+0.01%	+0.57%	-0.56	35 / 88	Q2
YTD	+0.02%	+0.50%	-0.47	32 / 87	Q2
1Y	+0.00%	+0.97%	-0.97	44 / 86	Q3
2Y	+0.00%	+0.88%	-0.88	36 / 83	Q2
3Y	-0.01%	+0.91%	-0.92	59 / 80	Q3
4Y	+0.01%	+1.03%	-1.02	25 / 75	Q2
5Y	+0.01%	+0.87%	-0.87	26 / 67	Q2
7Y	+0.01%	+0.72%	-0.71	9 / 40	Q1
10Y	—	—	—	—	—
Inception	+0.01%	+1.00%	-0.99	45 / 93	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.02%	+0.51%	-0.48	27 / 76
2025	-0.04%	+0.92%	-0.96	67 / 74
2024	-0.02%	+1.04%	-1.05	62 / 76
2023	-0.01%	+1.18%	-1.19	60 / 70
2022	+0.03%	+0.85%	-0.81	34 / 76
2021	—	—	—	—
2020	—	—	—	—
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.03%

40 windows

min -0.1% · max 0.4%

40% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+0.02%

18 windows

min 0.0% · max 0.1%

61% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+0.02%

4 windows

min 0.0% · max 0.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.13%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.60%

Nov 2023 → Nov 2023

% positive months

50.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Overnight Fund

Scheme	Fund house	NAV	As of
HDFC Overnight Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,042.6600	3 Jun 2026
NIPPON INDIA OVERNIGHT FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹100.0050	3 Jun 2026
SBI Overnight Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,371.4225	3 Jun 2026
ICICI Prudential Overnight Fund - Direct Plan - Daily IDCW	ICICI Prudential	₹1,000.0050	3 Jun 2026
Invesco India Overnight Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.5303	3 Jun 2026
BANDHAN Overnight Fund - Direct Plan - Daily IDCW	Bandhan	₹1,000.0098	3 Jun 2026
quant Overnight Fund - IDCW Option - Direct Plan	Quant	₹12.4217	3 Jun 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Direct - Monthly Payout of IDCW	Aditya Birla Sun Life	₹1,000.7327	3 Jun 2026
Franklin India Overnight Fund - Direct Daily Dividend Plan - Daily - IDCW	Franklin India	₹1,000.0007	3 Jun 2026
Mirae Asset Overnight Fund Direct Daily IDCW	Mirae Asset	₹1,000.0245	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,001.2761
2 Jun 2026	₹1,001.1368
1 Jun 2026	₹1,000.9966
31 May 2026	₹1,000.8570
29 May 2026	₹1,000.5676
28 May 2026	₹1,000.4241
26 May 2026	₹1,000.1416
25 May 2026	₹1,000.0015
24 May 2026	₹1,003.7590
23 May 2026	₹1,003.6117

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of HSBC Overnight Fund - Direct Monthly IDCW is ₹1,001.2761. It's a Overnight Fund from HSBC, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

HSBC Overnight Fund - Direct Monthly IDCW has NAV history starting from 08 Jul 2019, a track record of about 6 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

HSBC Overnight Fund - Direct Monthly IDCW is managed by HSBC. It's classified by AMFI under the 'Overnight Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, HSBC Overnight Fund - Direct Monthly IDCW has delivered a absolute return of 0.00% — -0.97 pp behind the Overnight Fund category average of 0.97%. The fund ranks #44 of 86 in its category — the third (Q3) quartile.

Over the trailing 3-year window, HSBC Overnight Fund - Direct Monthly IDCW has delivered a CAGR of -0.01% — -0.92 pp behind the Overnight Fund category average of 0.91%. The fund ranks #59 of 80 in its category — the third (Q3) quartile.

Over the trailing 5-year window, HSBC Overnight Fund - Direct Monthly IDCW has delivered a CAGR of 0.01% — -0.87 pp behind the Overnight Fund category average of 0.87%. The fund ranks #26 of 67 in its category — the second (Q2) quartile.

₹1 lakh invested in HSBC Overnight Fund - Direct Monthly IDCW exactly 5 years ago would be worth approximately ₹100,034 today — a multiplier of 1.00×, based on the 5-year CAGR of 0.01%. The category average over the same window would have grown ₹1 lakh to ₹104,446.

A ₹10,000 monthly SIP in HSBC Overnight Fund - Direct Monthly IDCW over the last 5 years — total invested ₹510,000 — would be worth ₹510,043 today. That's an XIRR (money-weighted annualised return) of 0.00%.

HSBC Overnight Fund - Direct Monthly IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹510,043 — XIRR 0.00%.

On a 5-year basis, HSBC Overnight Fund - Direct Monthly IDCW ranks #26 out of 67 funds in the Overnight Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 0.87%; this fund delivered 0.01%.

The worst peak-to-trough decline HSBC Overnight Fund - Direct Monthly IDCW has experienced over the last 3-year window is 0.60% — its NAV fell from a high on 27 Nov 2023 to a low on 28 Nov 2023. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, HSBC Overnight Fund - Direct Monthly IDCW averaged 0.02% (best 0.04%, worst 0.00%). 100% of rolling windows ended positive.

In calendar year 2025, HSBC Overnight Fund - Direct Monthly IDCW returned -0.04% — lagging the Overnight Fund category average of 0.92% by 0.96 pp. It ranked #67 of 74 in its category that year.

HSBC Overnight Fund - Direct Monthly IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. HSBC Overnight Fund - Direct Monthly IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. 5-year CAGR: 0.01%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.