HSBC Mutual Fund has launched a new Open Ended Growth scheme named HSBC Large and Mid Cap Equity Fund with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 11 to Mar 25, 2019.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 1.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Neelotpal Sahai, while the performance of the scheme will be benchmarked against Nifty LargeMidcap 250.
To seek long term capital growth through investments in both large cap and mid cap stocks.