HSBC Mutual Fund files offer document for Global Equity Climate Change Fund
HSBC Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘HSBC Global Equity Climate Change Fund. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load for In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment; No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from the date of allotment. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by MSCI AC World TRI. The minimum application amount for initial purchase is Rs 500 each and above per month.
The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds – Global Equity Climate Change Fund (HGECCF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements from time to time.