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HSBC Mutual Fund (MF) has launched HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund, an open-ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index- April 2028 with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on March 15, 2022 and closes on March 28, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 per application and in multiples of Re 1 thereafter.  Minimum application amount is applicable for switch-ins as well.

The performance of the Scheme will be benchmarked against CRISIL IBX 50:50 Gilt Plus SDL Index- April 2028 and its fund manager Kapil Punjabi

The investment objective of the Scheme is to provide returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index- April 2028 before expenses, subject to tracking errors.