Thursday, February 29, 2024
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HSBC Mutual Fund announced the launch of HSBC Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks.

The new fund offering (NFO) opens on 10 January and closes on 24 January. The HSBC Multi Cap Fund aims to provide long-term wealth creation by investment in equity and equity related securities across market capitalization.

The fund will have minimum weightage to large, mid and small caps (minimum of 25% in each) and flexible allocation of balance up to 25% to equity or debt securities and money market instruments. Given this structure, the fund has the potential to offer effective diversification.

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