HSBC MF introduces Ultra Short Duration Fund

HSBC Mutual Fund (MF) has launched the HSBC Ultra Short Duration Fund, an open ended ultra-short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 months to 6 months. The NFO opens for subscription on January 14, 2020 and closes on January 28, 2020. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 per application and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt Index and its fund manager is Kapil Punjabi.

The investment objective of the scheme is to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments.