NFO Tracker: HSBC Mutual Fund launches India Export Opportunities Fund
HSBC Mutual Fund has announced the launch of HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme.
The new fund offer or NFO of this new scheme will open for subscription on September 5 and will close on September 19.
HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies engaged in or expected to benefit from export of goods or services. The scheme has the flexibility to invest in companies that are part of the exports theme across market capitalization – large cap, mid cap and small cap companies, according to a press release by the fund house.
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The scheme will track Nifty 500 Total Return Index (TRI). The scheme will be managed by Abhishek Gupta and Sonal Gupta.
The fund is a unique offering in the industry having a differentiated allocation structure. This thematic fund aims to capture the growth in exports, said the release.
The scheme will allocate 80-100% in equities and equity-related securities of companies engaged in or expected to benefit from the export of goods or services, 0-20% in other equity and equity-related securities, 0-20% in debt securities and money market instruments (including cash and cash equivalents, units of liquid and overnight mutual funds),
