MUTUAL FUNDS
HSBC MF introduces Overnight Fund
May-21-2019

HSBC Mutual Fund (MF) has launched the HSBC Overnight Fund, an open ended debt scheme. The NFO opens for subscription on May 21, 2019 and closes on May 22, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 per application and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Kapil Punjabi.

The investment objective of the scheme is to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities.

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