HSBC MF launches large and midcap equity fund; offer to close March 25

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HSBC MF launches large and midcap equity fund; offer to close March 25

HSBC Mutual Fund on March 11 launched HSBC Large and Midcap Equity Fund, which will remain open for subscription till March 25.

The open-ended equity scheme invest 0-35 percent of its corpus in largecap and midcap stocks each.

It also has the provision to invest up to 20 percent of its corpus in debt and money market instruments.

When asked if the timing was right to launch this fund as investors feel jittery investing in equity asset classes, citing volatility in the election year.

“Elections have not shown conclusive evidence of negative impact on equity market performance during the last seven Lok Sabha elections,” said Tushar Pradhan, Chief Investment Officer, HSBC Asset Management.

In 2014, prior to the elections (December 2013-May 2013), the Sensex delivered 16 percent absolute returns. In 2009 (December 2008-May 2009), the Sensex delivered 61 percent absolute returns.

Other features:
Plans: Regular and direct
Options: Growth and dividend
Minimum investment: Rs 5,000 and in multiples of Re 1 thereafter
Entry Load: Nil
Exit load: One percent redeemed before one-year from allotment
                     Nil if redeemed after one-year from allotment date
Fund manager: Neelotpal SahaiPerformance benchmark: NIFTY LargeMidcap 250 TRINot sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-03-12 18:25:18

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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