HSBC Global IF - India Fixed Income AM2 USD
Bond
Recent Price
Fund description
The Fund aims to provide long-term total return (meaning capital growth and income) by investing in a portfolio of Indian bonds. In normal market conditions, at least 90% of the Fund’s assets are invested in investment-grade bonds (rated as such by a credit ratings agency), non-investment grade or unrated bonds (which carry more risk) and other similar securities. The Fund can invest in bonds issued the Indian government, its government agencies, and Indian companies. The Fund’s assets can be denominated in Indian rupee and the US dollar. The Fund can also invest in other instruments, e.g. structured notes referencing underlying exposure to Indian Rupee bonds and cash. Investment in Indian domestic fixed income securities may from time to time be restricted by Indian domestic regulation and hence the Fund may have substantial exposure to non-Indian Rupee denominated investments outside of India. The Fund can also invest up to 10% of its assets in contingent convertible securities. These are bonds that convert to equities (carrying increased risk) if the issuer runs into difficulty. However, this exposure is not expected to exceed 5%. See the Prospectus for a description of derivative usage.
Fund Performance
Prices shown are indicative and are usually based on prices of 2-4 dealing days earlier, and may not be exactly the price used for individual trades. Prices and returns on this page may be based on a reference price in a different currency to that of the fund dealing price. Returns experienced by individual clients may differ from those shown below. Clients should not rely on these prices for decision making. Fund prices provided by third-parties. dollarDEX does not guarantee any prices or valuations shown, and accepts no responsibility for their accuracy.
Return
1 week
-0.32
1 month
0.02
6 months
1.50
1 year
4.59
3 years
0.36
Since start *
9.74
Annualized Return %
1 week
1 month
6 months
1 year
4.59
3 years
0.12
since start *
1.40
Annual Volatility %
1 week
1 month
6 months
1 year
2.13
3 years
4.28
since start *
6.30
Sharpe ratio +
1 week
1 month
6 months
1 year
1.92
3 years
-0.09
since start *
0.14
*Since start means from start of data available to dollarDEX and may not coincide with inception of fund.
Performance chart
Fund details
| Price frequency | Daily |
| Pricing basis | Forward |
| Dealing basis (subscriptions) What is this? | T+1 |
| Dealing basis (redemptions) What is this? | T+1 |
| Sector | All |
| Asset class | Bond |
| Asset sub-class | Mixed |
| Region | India Peer funds |
| Dividend distribution option | Re-investment, Cash payout |
| Launch price | USD 10.0000 |
| Price currency [1] | USD |
| Payment currency | USD |
| Investment type | Cash only |
| Risk (volatility) What is this? | Medium Low |
|
Fund annual management & service fee
[2] (built into daily pricing, check prospectus for details) |
1.100% |
| Latest bid/NAV price | USD 6.4900 (12-Dec-2024) |
| Bid price changes from last available price | -0.09% |
| Benchmark | NA |
| Minimum initial investment | USD 1,000 |
| Minimum subsequent investment | USD 100 |
| Minimum RSP investment | USD 100 |
1 Usually same as fund dealing currency (refer to prospectus). Some funds have a SGD reference price used by Navigator.
2 Total of fixed annual management and service fees. Check fund prospectus for details including variable performance fees, if any, which may not be included here.