Publish Date:
HSBC Mutual Fund introduces – HSBC Consumption Fund
It is an open-ended equity scheme following consumption theme
Accordingly, the investment objective of the Fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved
Under normal circumstances, HSBC Consumption Fund will hold an allocation of 80% to 100% of its assets in Equities & Equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities, 0% to 20% in Equity and equity related securities of companies other than consumption and consumption related activities, 0% to 20% in Debt Securities & Money Market instruments (including Cash & cash equivalents, units of Liquid and Overnight mutual funds) and 0% to 5% in Units of REITs and InvITs.
As per the Scheme Information Document, HSBC Consumption Fund aims to build an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities.
A top down and bottom up approach will be used to invest in equity and equity related instruments. Investments will be pursued in sectors engaged in or expected to benefit from consumption and consumption related activities based on the Investment Team’s analysis of drivers of growth of these sectors. Selective stock picking will be done from these sectors. To gain from favourable market trends, the fund has the flexibility to invest up to 20 percent outside the benchmark index.
HSBC Consumption Fund’s performance will be benchmarked against Nifty India Consumption Index TRI
The scheme will be managed by Mr Gautam Bhupal (For Domestic equities) and Ms Sonal Gupta (For Overseas Investments).
The NFO opens for subscription on August 10, 2023 and closes on August 24, 2023. The schemes will reopen for continuous sale and repurchase on September 07, 2023.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.