HSBC Ultra Short Term Fund NAV Grows Slightly to 1041.9176
By Business Desk
HSBC Ultra Short Term Fund NAV increased by 0.01% to 1041.9176 on August 28, 2026. Managed by Abhishek Iyer & Rahul Totla.
The HSBC Ultra Short Term Fund – Regular Plan recorded a Net Asset Value (NAV) of 1041.9176 as of August 28, 2026. This figure reflects a marginal increase of 0.14, equivalent to a 0.01% rise.
Fund Management Overview
The fund is jointly overseen by two managers: Abhishek Iyer and Rahul Totla. Iyer assumed his role with the fund in April 2025, bringing a strong academic background with a B. Com, Master in Finance management, and MA Economics.
Abhishek Iyer’s prior experience includes tenures at IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund, and Sahara Mutual Fund. He currently manages four schemes, which include the HSBC Overnight Fund, HSBC Liquid Fund, and HSBC Money Market Fund.
Rahul Totla joined the fund in January 2026. An MBA (Finance) holder, Totla previously worked with Godfrey Philips India. He manages three schemes, including the HSBC Overnight Fund and HSBC Liquid Fund.
Key Fund Attributes
The HSBC Ultra Short Term Fund – Regular Plan was established on January 29, 2020. It is categorised as a Debt: Ultra Short Duration fund and operates as an Open-ended scheme.
The fund maintains a straightforward structure with no entry or exit loads. Its performance is benchmarked against the NIFTY Ultra Short Duration Debt Index B-I.
Investors have access to various systematic investment options, including the Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), and Systematic Withdrawal Plan (SWP). The minimum initial investment required is ₹5,000, with subsequent investments set at a minimum of ₹1,000.