HSBC CONSUMPTION FUND FLOATS ON

Published on Aug 03, 2023 10:50

HSBC Mutual Fund has launched a new fund named as HSBC Consumption Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Equity Scheme - Sectoral/ Thematic

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 1000 and in multiples of Re. 1/- thereafter.

Load structure: If units redeemed or switched out are upto 10% of the units purchased or switched in within 1 year from the date of allotment - Nil

If units redeemed or switched out are over and above the limit within 1 year from the date of allotment - 1%.

If units are redeemed or switched out on or after 1 year from the date of allotment - Nil

Benchmark Index for the scheme is Nifty India Consumption Index TRI

The fund manager of the scheme is Gautam Bhupal (For Domestic equities), Sonal Gupta (For Overseas Investments) are the Fund Managers of the Scheme.