Fund manager · HSBC

Mahesh Chhabria

SVP – Fund Management Fixed Income at HSBC. Runs 13 schemes worth ₹31,750 Cr.

Fund house
HSBCThey run their schemes at HSBC.
AUM they run
₹31,750 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
13 now · 2 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2024.
Experience
15 years15

Profile^{(HSBC's SAI, 24 Jun 2026)}

About

Role: SVP – Fund Management Fixed Income
Studied: Masters in Management Studies (M.M.S)
Age: 39 years
Experience: 15

Schemes now13

HSBC Money Market Fund₹6,382 Cr
HSBC Multi Cap Fund₹6,380 Cr
HSBC Banking and PSU Debt Fund₹3,722 Cr
HSBC Arbitrage Fund₹3,633 Cr
HSBC Multi Asset Allocation Fund₹3,141 Cr
HSBC Ultra Short Term Fund₹2,733 Cr
and 7 more, all below

AUM they run^{(Nov 2022 – Sept 2026)}

AUM at month end each month, and its change on the month before
12 months	₹ Cr	Change
Sept 2026	31,750	−4.3%
Aug 2026	33,184	+4.0%
Jul 2026	31,918	+2.5%
Jun 2026	31,130	+3.7%
May 2026	30,021	0.0%
Apr 2026	30,016	+9.1%
Mar 2026	27,521	−2.9%
Feb 2026	28,357	+0.4%
Jan 2026	28,244	−42.3%
Dec 2025	48,991	−2.7%
Nov 2025	50,360	−0.3%
Oct 2025	50,534	+10.4%

AUM at month end, Sept 2026

₹31,750

−37.2% since Oct 2025

Fig. 1.The AUM of the schemes Mahesh Chhabria ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time^{(Nov 2022 – now)}

HSBC2023202420252026

Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes^{(Nov 2022 – now)}

HSBC

13 now · since Nov 2022

HSBC Money Market Fund
Fund managerFeb 2025—1y 9m₹6,382 CrMoney MarketTER 0.16%
HSBC Multi Cap Fund
Fund manager, debtFeb 2025—1y 9m₹6,380 CrMulti CapTER 0.79%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance^{(15 schemes)}

Growth · Direct plans

Return as manager: +7.21%
Beat peers: 5 of 14
vs peers: −0.05 pt
Longest run: 3.9 years
Beat benchmark: Upcoming

Each scheme Mahesh Chhabria ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.

HSBC Overnight Fund	Nov '22–Jan '26 · 3.2y	+6.40%	+6.39%	+0.01 pt	–	–
HSBC Ultra Short Term Fund	Nov '22–now · 3.9y	+7.23%	+7.28%	−0.06 pt	–	–
HSBC Banking and PSU Debt Fund	Nov '22–now · 3.9y	+6.74%	+6.89%	−0.15 pt	–	–
HSBC Conservative Hybrid Fund	Jul '23–now · 3.3y	+8.48%	+8.19%	+0.30 pt	–	–
HSBC CRISIL IBX Gilt June 2027 Index Fund	Jul '23–now · 3.3y	+7.09%	+7.21%	−0.11 pt	–	–
HSBC CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index Fund	Jul '23–now · 3.3y	+7.18%	+7.21%	−0.02 pt	–	–
HSBC Arbitrage Fund	Jul '23–now · 3.3y	+7.34%	+7.39%	−0.05 pt	–	–
HSBC Balanced Advantage Fund	Jul '23–now · 3.3y	+9.65%	+9.70%	−0.05 pt	–	–
HSBC Equity Savings Fund	Jul '23–now · 3.3y	+12.63%	+8.42%	+4.21 pt	–	–
HSBC Multi Asset Allocation Fund	Mar '24–now · 2.6y	+13.29%	+11.68%	+1.61 pt	–	–
HSBC Dynamic Term Fund	May '24–now · 2.5y	+6.09%	+6.21%	−0.12 pt	–	–
HSBC Money Market Fund	Feb '25–now · 1.7y	+7.10%	+7.14%	−0.05 pt	–	–
HSBC Liquid Fund	Feb '25–Jan '26 · 0.9y	+5.96%	+5.96%	+0.00 pt	–	–
HSBC Multi Cap Fund	Feb '25–now · 1.7y	+9.00%	+6.05%	+2.95 pt	–	–
HSBC Income Plus Arbitrage Active FoF	Mar '25–now · 1.6y	+6.27%	+12.61%	−6.34 pt	–	–

Fig. 1.Each scheme Mahesh Chhabria ran, against its peers and benchmark over the same months. Source: AMFI.

Works with^{(10 now)}

Mohd. Asif RizwiBanking and PSU Debt Fund · Arbitrage Fund · Multi Asset Allocation Fund · CRISIL IBX 50 50 Gilt Plus SDL Apr 2028 Index Fund · Equity Savings Fund · Balanced Advantage Fund · Income Plus Arbitrage Active FoF · CRISIL IBX Gilt June 2027 Index Fund · Conservative Hybrid Fund9 schemes
Cheenu GuptaMulti Asset Allocation Fund · Equity Savings Fund · Conservative Hybrid Fund3 schemes
Praveen AyathanArbitrage Fund · Equity Savings Fund2 schemes
Abhishek GuptaConservative Hybrid Fund1 scheme
Abhishek IyerMoney Market Fund1 scheme
Neelotpal SahaiBalanced Advantage Fund1 scheme
Prakriti BankaBalanced Advantage Fund1 scheme
Rahul TotlaUltra Short Term Fund1 scheme

Career^{(Aug 2010 – Jun 2015)}

Edelweiss Securities Ltd as Fixed Income dealer from

Position not stated
Oct 2013—Jun 20151y 9m

FIL Fund Management Pvt. Ltd. as Associate in Investment Operations from

Position not stated
Aug 2010—Nov 20122y 4m

Source.HSBC's Statement of Additional Information, as of 24 Jun 2026.