HSBC Midcap Equity Fund
Why Equity Funds?
All of us aspire for enough wealth to be able to finance at least some of our dreams. Giving our family the very best, educating our children, indulging in a hobby - things that can make our lives more rewarding. One of the best chances of doing so is by investing wisely and regularly today. When one is investing for the long-term, one has to look at generating a return that is greater than inflation. For example, if you get a return of 10 per cent from your investment and inflation is 8 per cent then the real return you have made is 2 per cent. Studies show that equity and equity linked instruments tend to outperform all other forms of investments in the long run. Hence you should look at investing some portion of your money in equity markets with an aim to meet future goals comfortably.
Presenting the HSBC Midcap Equity Fund (HMEF)
Trying to spot the next big thing in investments is no simple talent. It requires experience and solid investment know-how. Which is why you should consider investing in the HSBC Midcap Equity Fund (HMEF). Our investment philosophy and stringent processes help us identify sectors within which we aim to identify stocks which have the potential to become tomorrow's blue chips.
Because spotting potential needs a discerning eye after all.
|Name of the scheme||HSBC Midcap Equity Fund|
|Investment objective||The Fund is an open-ended growth scheme seeking to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes cautious or negative on the Indian equity markets.|
|Options||Dividend (payout/reinvestment) and growth|
|Date of allotment||19 May 2005|
|Minimum application amount||Rs 10,000 per application|
|Minimum additional investment||Rs. 1000/- and multiples of Re. 1/- thereafter|
|Load structure (Including SIP/STP where applicable)||Entry Load
1% - if redeemed/switched out$ within 1 year from date of investment; otherwise Nil.
Nil - Effective from March 01, 2013 for prospective investments
$ No load in case of switches between equity schemes of HSBC Mutual Fund.
|Transparency||NAV will be determined on every business day. NAV of the scheme/option(s) shall be made available at all Investor Service Centers of the AMC. The AMC shall have the NAV published in two daily newspapers and updated on the AMC's website www.assetmanagement.hsbc.com/in|
|Systematic investment plan||Monthly/Quarterly Plan
Monthly - a minimum of 12 cheques of Rs 1,000 each
Quarterly - a minimum of 4 cheques of Rs 3,000 each
|Systematic encashment plan||Monthly/Quarterly. NAV as on first business day of each month. Fixed amount or Capital Appreciation.|
|Minimum redemption amount||Rs 1,000 and multiples of Rs 1 thereof|
|Mode of holding||Single, Joint or Anyone or Survivor|
|Nomination facility||Available to individuals for single/joint holding|
|Redemption||Within 10 working days of the receipt of the redemption request at the Official Points of Acceptance of Transactions of the Registrar and the AMC. The Fund would endeavour to effect redemption payouts (net of applicable taxes) within three business days under normal circumstances|
|Asset allocation||Normally 65-100 per cent equity and equity related securities, 0-35 per cent money market instruments (including cash, money at call)
0-35 per cent other equities and equity related securities.
0-35 per cent debt and money market instruments (including cash and money at call)
|Dividend frequency||Declaration of dividend and its frequency will inter-alia depend upon the distributable surplus.
Dividend may be declared from time to time at the discretion of the Trustees.
|Purchase redemptions||All business days|
|NAV calculation||All business days|
|Fund manager||Dhiraj Sachdev|