HSBC Mutual Fund launches India Export Opportunities Fund - Details inside!
HSBC Mutual Fund launched the HSBC India Export Opportunities Fund NFO on September 5, 2024, focusing on long-term capital growth through investment in export-driven companies.
HSBC Mutual Fund introduced the HSBC India Export Opportunities Fund NFO on September 5, 2024. The fund's primary objective is to achieve long-term capital growth by investing in companies engaged in or benefiting from the export of goods or services. This open-ended equity scheme aims to create a portfolio of equity and equity-related securities.
Fund Details
The HSBC India Export Opportunities Fund requires a minimum subscription of Rs 5,000. The scheme includes an exit load of 1 per cent for redemptions or switches within one year that exceed 10 per cent of the initial purchase or switch-in amount. No exit load applies after the completion of one year.
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Investment Objective
The fund seeks to generate long-term capital growth from an actively managed portfolio, targeting companies engaged in or expected to benefit from exporting goods or services. It is important to note that the fund does not guarantee any specific returns, and there is no assurance that the investment objective will be achieved.
Asset Allocation
The fund's asset allocation strategy includes a minimum of 80 per cent and a maximum of 100 per cent in equities and equity-related securities of export-oriented companies. The scheme also allows up to 20 per cent in other equity securities and up to 20 per cent in debt securities and money market instruments, including cash equivalents. Additionally, the scheme may allocate up to 10 per cent in units of REITs and InvITs.
Who Should Invest?
The HSBC India Export Opportunities Fund is suitable for investors aiming for long-term growth by investing predominantly in equity and equity-related securities of companies involved in exporting goods or services.
Benchmark
The fund's performance will be benchmarked against the Nifty 500 TRI.
Peer Funds
|
Scheme Name
|
AUM
(Crore)
|
Expense
Ratio
(per cent)
|
1 Year
Returns
(per cent)
|
|
ICICI Prudential
Exports & Services
|
1,381.93
|
2.27
|
45.69
|
Data as of September 04, 2024
Fund Management
The scheme is managed by Abhishek Gupta and Sonal Gupta, who brings substantial experience in equity investments and research.
Conclusion
The HSBC India Export Opportunities Fund NFO is an option for investors seeking long-term capital growth through exposure to export-driven companies.
Disclaimer: The article is for informational purposes only and not investment advice.