HSBC Holdings plc, or the Hongkong and Shanghai Banking Corporation, is a British company that deals primarily with banking and other financial services. The company was established in 1865 and has spread its business to various parts of the world. Today, the company has a customer base of well over 53 million globally. The company has been in India for over 150 years dating back to 1853. In India the company has ventured into various financial projects like commercial banking, personal banking, software development and more. HSBC Mutual Funds is one of these may projects.
HSBC Mutual Funds
HSBC Mutual Funds has been in service for over 30 years and has HSBC Asset Management (India) Pvt Ltd as its investment manager. It offers investment opportunities across low, medium and high risk funds. The funds can also range from short to long term investments. The aim of the company is to position itself as the leading company among the fund management companies in the private sector.
Types of HSBC Mutual Funds
HSBC Mutual Funds offers mutual funds from two broad categories, equity funds and debt funds but the products can also be classified into gilt funds, income funds and liquid funds. The mutual funds offered by the company are meant to suit a wide variety of preferences among its customers. They cater for varying risk appetites and also for the ability, or a lack of thereof, to invest in large amounts.
- Equity Funds
Equity funds by HSBC Mutual Funds are investment instruments that allow investors to invest in the stock markets. These investments are targeted at those who are looking to create a sizable wealth over a long period of time. They even offer investors the benefits of tax savings under section 80C. The equity plans offered by the company come with various attributes that range from 0 entry and exit loads to varying levels of risks, to suit the investor’s appetite for taking risks with investment.
- Debt products
Debt mutual funds offered by HSBC are investment instruments that invest money in various securities like treasury bills, government securities, money markets and more. They provide returns in the form of interest and the appreciation and depreciation in the values of securities. It is targeted at investors who are looking for a source of income from investments over a medium term. These funds also come with varying risk profiles which are meant to suit each individual and can range from low risk low returns to medium risk medium returns to even high risk high returns plans.
Why choose HSBC Mutual Funds
HSBC Mutual Funds’ experience in the finance sector gives it the potential of becoming a preferred choice in investments management. Some of the advantages of choosing HSBC are:
- They offer tax benefits under section 80C of the IT Act.
- For small investors the company offers SIPs (systematic investment planswhich allows for a disciplined approach to investing
- HSBC Mutual Funds take convenience to a whole new level by allowing for investments to happen online through channel partners.
- Many of the plans offered by the company carry a AAA (SO) credit rating from CRISIL.