MUTUAL FUNDS
HSBC Mutual Fund files offer document for Fixed Term Series 131 - 135
Jan-19-2018

HSBC Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named as ' HSBC Fixed Term Series 131 - 135 '. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme.

The scheme offers Growth option and Dividend Payout Option under both Regular and Direct Options,  and seeks to collect a Minimum Target Amount of Rs 20 crore.

The scheme’s performance will be benchmarked, for plan(s) with maturity period below 91 days - CRISIL Liquid Fund Index, for plan(s) with maturity period of 91 days to 1100 days - CRISIL Short Term Bond Fund Index and for plan(s) with maturity period of above 1100 days - CRISIL Composite Bond Fund Index.

The minimum application amount is Rs 5,000 and multiples of Re 1 thereafter.

The primary investment objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the Plan(s).

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