HSBC MF Launches 370 Days Fund
Investment Objective:
The investment objective of the scheme would be to seek generation of returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the scheme.
The fund seeks to collect a minimum subscription amount of Rs 100 crore under the scheme during the NFO period.
Allocation of funds:
The scheme would allocate 60% to 100% of assets in money market instruments and upto 40% of assets in debt instruments with low to medium risk profile.
Basic Details:
NFO Opens: January 18, 2012
NFO Closes: January 23, 2012
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 10,000 and in multiples of Rs 1 thereafter
Exit Load: Nil
Benchmark: Crisil Short Term Bond Fund Index
Fund Managers: Ruchir Parekh and Kedar Karnik.