Mutual Fund News : HSBC Mutual Fund files offer document for HSBC Focused Equity Fund

Publish Date:

HSBC Mutual Fund has filed offer document with SEBI to launch an open ended focused equity fund. The scheme will be known as 'HSBC Focused Equity Fund'.

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.

The performance of the scheme will be benchmarked against Nifty Midcap 150 Index TRI (Total Return Index).

The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 500 and in multiples of Re 1 thereafter. The scheme offers growth and dividend options.

It seeks to collect a Minimum Target Amount of Rs 10 crore.