HSBC MF introduces Focused Equity Fund

HSBC Mutual Fund (MF) has launched the HSBC Focused Equity Fund, an open ended equity scheme investing in maximum 30 stocks across market caps. The NFO opens for subscription on July 01, 2020 and closes on July 15, 2020. The Entry load is not applicable for the scheme. The Exit load will be 1% if any redemption / switch-out of units within 1 year from the date of allotment, and nil if units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against its performance to BSE 200 Index TRI and its fund managers are Neelotpal Sahai and Gautum Bhupal.

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.