HSBC Consumption Fund NFO: Key details to note

11 Aug 2023 , 09:26 PM

HSBC Mutual Fund is launching NFO under its “sectoral fund category”, named as HSBC Consumption Fund. This open-ended fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities.

Investment strategy: A top down and bottom up approach will be used to invest in equity and equity related instruments. Investments will be pursued in sectors engaged in or expected to benefi t from consumption and consumption related activities based on the Investment Team’s analysis of drivers of growth of these sectors. Selective stock picking will be done from these sectors.

Asset allocation: The Scheme intends to invest predominantly in Equities and Equity Related Securities of companies from the sectors/industry falling under consumption and consumption related activities.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a consumption sector mutual fund should invest in HSBC Consumption Fund.

Risk associated: Very high level of risk.

Benchmark: Nifty India Consumption Index TRI.

Fund Managers: Mr Vinay Sharma and Ms Kinjal Desai.

The NFO is available for subscription from August 10 to August 24. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HSBC Consumption Fund.