HSBC SIP Plan
HSBC SIP Plans offer a convenient and disciplined approach to investing in market-linked funds. With these plans, you can regularly invest a fixed amount in funds, allowing you to potentially benefit from market fluctuations through rupee cost averaging. HSBC SIP Plans aim to help you achieve your financial goals with ease and flexibility.
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What is the HSBC SIP Plan?
The HSBC SIP Plan stands for the "Systematic Investment Plan" offered by HSBC. It is one of the world's largest banking and financial services organizations.
The HSBC SIP (Systematic Investment Plan) Plan is a method of investing in both ULIPs (Unit Linked Insurance Plans) and mutual funds offered by HSBC.
The SIP investments under the ULIP plans are allocated into different investment funds based on your risk profile and financial goals. ULIPs offer both insurance coverage and investment opportunities.
Similarly, in mutual funds, the SIP allows you to invest a fixed amount regularly in a mutual fund scheme of your choice.
Top Canara HSBC SIP Plans in ULIP in 2024
Canara HSBC Life Insurance Company also offers the best SIP plans with the Unit Linked Insurance Plans (ULIP). Let us learn the top market-linked funds offered under the Canara HSBC SIP plans:
| Fund Name | Risk Category | 3-Year Returns | 5-Year Returns | RSI* |
| Canara HSBC Emerging Leaders Equity Fund | High | 25.1% | 21.7% | 15.6% |
| Canara HSBC India Multi-Cap Equity Fund | High | 16.1% | 14% | 13.5% |
| Canara HSBC Growth Plus Fund | Moderate | 12.8% | 11.6% | 9% |
| Canara HSBC Equity II Fund | High | 13.6% | 11.5% | 9.5% |
| Canara HSBC Balanced Plus Fund | Moderate | 9.8% | 9.8% | 8.2% |
| Canara HSBC Debt Fund | Low | 5.6% | 7.6% | 8.2% |
| Canara HSBC Liquid Fund | Low | 4.4% | 3.3% | 6.1% |
| Canara HSBC Large Cap Advantage Fund | High | 13.3% | N.A. | 18.7% |
HSBC SIP Plans – Mutual Fund Schemes
HSBC offers a range of mutual fund schemes to choose the one that best suits your investment objectives, risk appetite, and financial goals:
| Fund Name | Risk Category | 3-Year Returns | 5-Year Returns | RSI* |
| Equity Funds | ||||
| HSBC Small Cap Fund | Very High | 31.40% | 23.10% | 21.30% |
| HSBC Infrastructure Fund | Very High | 29.60% | 20.00% | 17.10% |
| HSBC Value Fund | Very High | 26.00% | 20.90% | 20.10% |
| Debt Funds | ||||
| HSBC Credit Risk Fund | Moderately High | 6.40% | 5.30% | 7.20% |
| HSBC Medium Duration Fund | Moderate | 6.20% | 7.20% | 7.80% |
| HSBC Corporate Bond | Moderately High | 5.80% | 7.90% | 7.60% |
| Hybrid Funds | ||||
| HSBC Equity Hybrid Fund | Very High | 13.40% | -- | 13.40% |
| HSBC Aggressive Hybrid Fund | Very High | 13.50% | 13.00% | 14.10% |
| HSBC Equity Savings Fund | High | 11.80% | 10.40% | 9.40% |
| Other Category Funds | ||||
| HSBC Nifty Next 50 Index Fund | Very High | 19.20% | -- | 26.40% |
| HSBC Managed Solutions India Growth Fund | Very High | 15.10% | 14.50% | 13.60% |
| HSBC Nifty 50 Index Fund | Moderately High | 15.00% | -- | 26.50% |
Details of HSBC SIP Plans – Top 7 ULIP Funds
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Canara HSBC Emerging Leaders Equity Fund
The Canara HSBC Life Emerging Leaders Equity Fund is a mid-cap market-linked fund that invests in companies that are expected to have high growth potential.
Features of SIP in Canara HSBC Emerging Leaders Equity Fund:
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Investment Objective: To grow its capital over the long run by mainly investing in mid-cap stocks.
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Launch Date: February 26, 2018
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Asset Allocation: Equity (60% – 100%) and Money Market (0 – 40%)
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Benchmark Index: Nifty Midcap 100
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Assets Under Management (AUM): ₹ 794.80 Cr.
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Fund Managers: Mr. Balwindar Singh
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Current NAV (as of February 29 2024): ₹ 25.45
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Canara HSBC India Multi-Cap Equity Fund
The Canara HSBC India Multi-Cap Equity Fund is a type of market-linked fund offered by Canara HSBC Life Insurance. It is a multi-cap fund that invests in companies of all sizes, from large-cap to mid-cap to small-cap.
Features of SIP in Canara HSBC India Multi-Cap Equity Fund:
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Investment Objective: To increase the value of your investment over time by putting money into a mix of small, medium, and large companies' stocks.
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Launch Date: November 15, 2016
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Asset Allocation (as of March 12 2024): Equity (60% – 100%) and Money Market (0 – 40%)
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Benchmark Index: NIFTY 100 Index
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Assets Under Management (AUM): ₹ 4,423.10 Cr.
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Fund Managers: Mr. Balwindar Singh
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Current NAV (as of February 29 2024): ₹ 25.71
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Canara HSBC Growth Plus Fund
The Canara HSBC Growth Plus Fund is an aggressive allocation Unit Linked Insurance Plan (ULIP) offered by Canara HSBC Life Insurance. It invests primarily in large-cap stocks with the potential for high growth.
Features of SIP in Canara HSBC Growth Plus Fund:
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Investment Objective: This fund invests in stocks traded on the market as well as stable fixed-income and money market assets. It plans to take a more daring approach with both bonds and stocks to aim for capital growth.
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Launch Date: January 01, 2007
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Asset Allocation (as of March 12 2024): Equity (50% - 90%), Debt (10% - 50%), and Money Market (0 – 40%).
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Benchmark Index: Nifty 50 and Customized U.L. Growth Plus Composite Bond Index
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Assets Under Management (AUM): ₹ 551.20 Cr.
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Fund Managers: Mr. Vijay Sarda and Mr. Chirag Hirkane
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Current NAV (as of February 29 2024): ₹ 32.26
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Canara HSBC Balanced Plus Fund
The Canara HSBC Balanced Plus Fund is a Unit Linked Insurance Plan (ULIP) offered by Canara HSBC Life Insurance. It is a balanced fund which invests in a mix of equity and debt instruments. The asset allocation of the fund may vary depending on market conditions, but it typically invests around 60% in equities and 40% in Debt.
Features of SIP in Canara HSBC Balanced Plus Fund:
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Investment Objective: This fund takes a balanced approach to both bonds and stocks to aim for capital growth while keeping short-term fluctuations in performance to a minimum.
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Launch Date: September 13, 2010
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Asset Allocation (as of March 12 2024): Equity (30% - 70%), Debt (30% - 70%), and Money Market (0 – 40%)
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Benchmark Index: Nifty 50 and Customized U.L. Balanced Plus Composite Bond Index
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Assets Under Management (AUM): ₹ 2,132.80 Cr.
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Fund Managers: Mr. Biswarup Mohapatra & Mr. Chirag Hirkane
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Current NAV (as of February 29 2024): ₹ 29.06
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Canara HSBC Large Cap Advantage Fund
The Canara HSBC Large Cap Advantage Fund is a market-linked fund under the Canara HSBC ULIP Plans. This fund invests primarily in large-cap stocks, which are the stocks of companies with the largest market capitalization in India.
Features of SIP in Canara HSBC Large Cap Advantage Fund:
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Investment Objective: The aim is to grow capital over the long haul by focusing mainly on large-cap stocks for investment.
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Launch Date: October 16, 2020
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Asset Allocation (as of March 12 2024): Equity (90% – 100%) and Money Market (0 – 10%)
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Benchmark Index: Nifty 50 and Customized ULCAD Liquid Fund Index
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Assets Under Management (AUM): ₹ 508.10 Cr.
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Fund Managers: Mr. Biswarup Mohapatra
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Current NAV (as of February 29 2024): ₹ 18.06
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Benefits of Investing in HSBC SIP Plans
HSBC SIP plans present a convenient and disciplined approach to market-linked investment, potentially facilitating wealth accumulation over the long term. Let us learn some of the benefits offered by HSBC sip plans:
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Disciplined Investing: HSBC SIPs promote regular contributions, which promotes a savings habit and eliminates the need for market timing.
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Rupee Cost Averaging: Fixed investments at regular intervals allow buying more units when prices are low and fewer when high. This reduces the average cost per unit over time.
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Flexibility: You can start with small amounts and adjust contributions as income grows, with options to invest monthly, quarterly, or semi-annually.
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Tax Benefits: The Canara HSBC SIP plans to invest in ULIP funds. These SIP investments offer annual tax savings under Section 80C and Section 10(10D) of the Income Tax Act.
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SIP Calculator: The Policybazaar SIP calculator helps you to estimate the potential returns based on your investment amount, duration, and expected rate of return.
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Potential for High Returns: Equity SIPs offer higher return potential compared to traditional options like fixed deposits but attract market risks.
Summing It Up
HSBC SIP plans provide a hassle-free and reliable method for you to steadily build your wealth. Offering a variety of investment options and customizable plans, HSBC SIPs empower you to pursue your financial objectives with confidence and discipline. The investment in these best SIP plans fosters long-term financial growth and security.
FAQs
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Is HSBC good for mutual funds?
HSBC is a good mutual fund house depending on your investment goals and risk tolerance:-
Performance: HSBC Mutual Funds have some schemes with competitive returns, like the Small Cap Fund.
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Expense Ratio: HSBC's expense ratios might be higher than those of some competitors, which can affect your returns.
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What is the full form of SIP in HSBC?
The full form of SIP in HSBC is a Systematic Investment Plan by HSBC Mutual Fund House. -
Does HDFC have an SIP plan?
Yes, HDFC offers SIP plans for various market-linked investment funds. Most AMCs in India provide SIP options for their funds. -
What are the benefits of an HSBC SIP Plan?
HSBC SIPs offer benefits like:-
Rupee-cost averaging: Buying units at different NAVs helps average out the investment cost.
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Disciplined investing: Encourages regular investment regardless of market conditions.
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Power of compounding: Regular investments grow over time with compounding interest.
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Convenience: Invest small amounts regularly through automatic debits from your HSBC account.
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What are the tax benefits of an HSBC SIP?
Investments in ULIP-based SIP plans qualify for tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.
