HSBC Mutual Fund launches new Close Ended Scheme
09/04/2015 10:07
HSBC Mutual Fund has launched a new close ended capital protection oriented scheme named “HSBC Capital Protection Oriented Fund - Series II - Plan II” with maturity period of 1173 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 06 and will close on April 13.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Sanjay Shah and Amaresh Mishra will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to seek protection of capital will be met by investing a portion of the portfolio in high quality debt securities and money market instruments and also to provide capital appreciation by investing in equities through NIFTY (Index) Call Options. Hence, the scheme will allocate 80 to 100 per cent of asset in Fixed Income and Money Market Instruments and 0 to 20 per cent of asset in Equity through NIFTY Index Call options.
09/04/2015 10:07
HSBC Mutual Fund has launched a new close ended capital protection oriented scheme named “HSBC Capital Protection Oriented Fund - Series II - Plan II” with maturity period of 1173 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 06 and will close on April 13.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Sanjay Shah and Amaresh Mishra will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to seek protection of capital will be met by investing a portion of the portfolio in high quality debt securities and money market instruments and also to provide capital appreciation by investing in equities through NIFTY (Index) Call Options. Hence, the scheme will allocate 80 to 100 per cent of asset in Fixed Income and Money Market Instruments and 0 to 20 per cent of asset in Equity through NIFTY Index Call options.
