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HSBC Mutual Fund has launched HSBC Multi Asset Allocation Fund, an open-ended scheme investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. The NFO opens for subscription on February 8, 2024 and closes on February 22, 2024. Entry load will not be applicable for the scheme. Exit Load will be nil if units redeemed or switched out are up to 10% of the units purchased or switched in within 1 year from the date of allotment, and 1% if units redeemed or switched out are over and above the limit within 1 year from the date of allotment. If units are redeemed or switched out on or after 1 year from the date of allotment, exit load will be nil. No exit load (if any) will be charged for units allotted under bonus / Reinvestment of IDCW option. No Exit load will be charged in case of switches made between different options of the scheme. The minimum subscription amount is Rs 5,000 per application & in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against S&P BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) + Domestic Price of Gold (10%) + Domestic Price of Silver (5%) and its fund managers are Cheenu Gupta (For Domestic equities), Dipan Parikh (For Gold / Silver ETFs), Mahesh Chhabria (For Fixed Income), and Sonal Gupta (For foreign securities). 

The investment objective of the Scheme is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs.