HSBC Mutual Fund has launched the HSBC Equity Hybrid Fund, an open ended hybrid scheme. The NFO opens for subscription on September 28, 2018 and closes on October 12, 2018. Entry load will be nil and Exit load will be nil for 10% of the units redeemed / switched-out within 1 year from the date of allotment, 1% for remaining units redeemed or switched-out within 1 year from the date of allotment and no exit load, if Units are redeemed/switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 5,000.
The schemes performance will be benchmarked against a customized index with 70% weight to S&P BSE 200 and 30% weight to CRISIL Composite Bond Fund Index and its fund managers are Neelotpal Sahai, and Sanjay Shah.
The investment objective of the scheme is to seek long term capital growth and income through investments in equity and equity related securities and fixed income instruments.
