HSBC MF introduces CRISIL IBX Gilt June 2027 Index Fund
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HSBC Mutual Fund (MF) has launched HSBC CRISIL IBX Gilt June 2027 Index Fund, an open-ended Target Maturity Index Fund tracking CRISIL-IBX Gilt Index - June 2027 with Relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on March 06, 2023 and closes on March 20, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against CRISIL-IBX Gilt Index - June 2027 and its fund managers are Ritesh Jain and Kapil Lal 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 Gilt Index - June 2027 before expenses, subject to tracking errors.
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