HSBC MF introduces Multi Cap Fund
HSBC Mutual Fund (MF) has launched HSBC Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on January 10, 2023 and closes on January 24, 2023. The Entry load is nil for the scheme. The Exit load will be nil, if units redeemed or switched out are over and above the limit within 1 year from the date of allotment and 1%, if units are redeemed or switched out on or after 1 year from the date of allotment & there will be no exit load if units are redeemed or switched out on or after 1 year from the date of allotment. The minimum subscription amount is Rs 5000.
The performance of the scheme will be benchmarked to the performance of NIFTY 500 Multicap 50:25:25 TRI and its fund managers are Venugopal Manghat (For Domestic equities), Sonal Gupta (For Overseas investments) and Kapil Punjabi (For Fixed income).
The investment objective of the fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities across market capitalization.
