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HSBC Mutual Fund has filed offer document with SEBI to launch an interval investment strategy named ‘RedHex Hybrid Long-Short Fund' .The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil. Exit load - If the Units are redeemed / switched-out on or before1 year from the date of allotment will be 2.00%;  If the Units are redeemed / switched-out after 1 year from the date of allotment it will be Nil. The Scheme offered growth as well as Income Distribution cum Capital Withdrawal option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. The minimum application amount during NFO will be Rs 10,00,000 and in multiples of Re 1 thereafter (for lumpsum investments); for accredited investor minimum amount will be Rs. 1,00,000 and in multiples of Re. 1 thereafter

The investment objective of the scheme is to generate regular returns and capital appreciation by investing in fixed income securities and equity and equity related securities including limited short exposure in equity and debt through derivatives.