MUTUAL FUNDS
HSBC Mutual Fund files offer document for Corporate Bond Fund
Jul-09-2020

HSBC Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named 'HSBC Corporate Bond Fund '. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be nil. The scheme currently does not offer any plans or options and seeks to collect a Minimum Target Amount of Rs 20 crores.

The performance for schemes will be benchmarked against FTY Corporate Bond Fund Index. The minimum application amount for initial purchase is Rs 5000 each and in multiples of Re 1 thereafter.

The investment objective of the scheme is to seek to generate reasonable income and provide risk-adjusted returns by investing primarily in AA+ and above rated corporate debt securities.

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