MUTUAL FUNDS
HSBC Mutual Fund files offer document for Financial services fund
Jan-03-2025
HSBC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘HSBC Financial services fund'. The New Fund Offer price will be Rs 10. Exit load If the units redeemed or switched out are upto 10% of the units purchased or switched in (the limit) within 1 year from the date of allotment will be Nil; If units redeemed or switched out are over and above the limit within 1 year from the date of allotment will be 1%; If units are redeemed or switched out on or after 1 year from the date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against BSE Financial Services Total Return Index (TRI). The minimum application amount is Rs 5,000 per application and in  multiples  of Re 1 thereafter

The investment objective of the Scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services businesses.

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