• HSBC Mutual Fund

    About HSBC

    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.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

    News About HSBC Mutual Fund

    • New fund managers appointed for 2 equity schemes of HSBC Mutual Fund

      In a recent addendum, HSBC Mutual Fund has announced the appointment of fund managers for 2 of its open-ended equity schemes. Mr. Gautam Bhupal has been appointed as the fund manager for HSBC Infrastructure Equity Fund while Mr. Neelotpal Sahai will manage the HSBC Small Cap Equity Fund. Both these schemes were previously managed by Dhiraj Sachdev.

      HSBC Mutual Fund has over 30 years of experience in the investment domain and is managed by HSBC Asset Management (India) Pvt. Ltd. It offers investment options ranging from short-term to long-term.

      30 May 2018

    • New custodian bank for mutual funds arm of ABLV Asset Management, IPAS

      The ABLV Asset Management, IPAS will have a new custodian bank in the form of JSC Baltic International Bank, for its mutual fund arm. Previously, the transactions of its mutual funds were carried out by ABLV bank. An agreement was signed between the 2 parties, JSC Baltic International and ABLV Asset Management, IPAS and will be implemented in 2 phases. In the first phase, provisions regarding the charge of the assets will happen while in the second phase, other functions including control and supervision will be transferred to the new keeper.

      30 May 2018

    • Equity MF Inflows Fall 35% Month-on-Month in April 2018

      The mutual fund industry’s combined AUM (Assets Under Management) was recorded at Rs.23.25 lakh crore on the 30th of April, 2018, which was a marginal increase in comparison with the Rs.21.36 lakh crore recorded on the 31st of March, 2018, and a considerable rise in comparison with the Rs.17.54 lakh crore recorded on the 30th of April, 2017, according to data released by AMFI. Equity mutual fund inflows were recorded at Rs.25,221 crore in April 2018, which was a month-on-month decline of 35%. Net inflows, however, increased by 305% month-on-month to Rs.11,962 crore in April 2018, mainly because of a 63% fall in outflows over the course of the same month. The main reason for the fall in equity mutual funds inflows was volatility in the market along with dividend distribution tax and long-term capital gains tax on equity mutual funds.

      10 May 2018

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