MUTUAL FUNDS
HSBC Mutual Fund files offer document for Focused Equity Fund
Feb-17-2020

HSBC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named 'HSBC Focused Equity Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and for any redemption / switch-out of units within 1 year from the date of allotment shall be subject to 1% exit load; and no Exit Load will be charged, if units are redeemed/switched-out after 1 year from the date of allotment. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crores.

The performance for schemes will be benchmarked against Nifty Midcap 150 Index TRI. The minimum application amount for initial purchase is Rs 1000 each and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek long term capital growth through investments in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalization.

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