HSBC Mutual Fund files offer document for Multicap Fund
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HSBC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘HSBC Multicap Fund’. The New Fund Offer price will be Rs 10. Entry load will be nil and Exit load If units redeemed or switched out are upto 10% of the units purchased or switched in within 1 year from the date of allotment will be Nil; If units redeemed or switched out are over and above the limit within 1 year from the date of allotment will be 1%; If units are redeemed or switched out on or after 1 year from the date of allotment will be Nil. This Scheme provides growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY 500 Multicap 50:25:25 TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities across market capitalization.
