Mutual Fund News : HSBC Mutual Fund Launches HSBC Focused Equity Fund

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HSBC Mutual Fund (MF) has launched an open ended equity scheme - HSBC Focused Equity Fund. Following a focused investment mandate, the fund will aim to hold a concentrated portfolio of maximum 30 stocks spread across market capitalisation i.e. large cap, mid cap, and small caps.

Accordingly, 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. However, there is no assurance that the investment objectives of the Scheme will be achieved.

The scheme’s performance will be benchmarked against S&P BSE 200 – TRI (Total Return Index).

It will be managed by Mr Neelotpal Sahai and Mr Gautam Bhupal.

The NFO opens for subscription on July 01, 2020 and closes on July 15, 2020. The scheme will reopen for fresh investments on July 01, 2020.

The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).