HSBC Mutual Fund launches HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

HSBC Mutual Fund launches HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

by News Team | Mutual Fund

NFO period: 15th March – 28th March, 2022

Highlights of the NFO:

  • Scheme type – An open-ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028. Relatively high interest rate risk and relatively low credit risk

  • Investment objective – The investment objective of the scheme is to provide returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028 before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking income over target maturity period by investing in constituents similar to the composition of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028.

  • Minimum Application Amount – First investment is Rs. 5000/– and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal option (IDCW) with Payout of IDCW and Reinvestment of IDCW sub-option.

  • Fund Manager – Mr. Kapil Punjabi

  • Benchmark – CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)