HSBC Progressive Themes 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.
With the Indian economy on an uptrend, the markets are witnessing healthy growth across industries and sectors. Favourable demographics, the outsourcing trend and the reform process have changed India’s global position. Rising consumerism is making India one of the largest and fastest growing consumption zones in Asia. Economic reforms and liberalisation policies are fuelling India’s growth. All this is making our country a good investment opportunity.
Presenting HSBC Progressive Themes Fund?
HSBC Progressive Themes Fund is an equity fund that seeks to generate long-term capital growth by investing primarily in themes that play an important role in, and/or benefit from India’s progress and economic development. It uses a flexi-theme approach in selection of areas in which to invest. The Fund will look to predominantly invest in one or more themes that, according to the Fund manager, will drive India’s growth story at a given point in time. The Fund manager will be flexible in changing the theme based on changing market conditions and economic factors.
What are the focus areas for the Fund’s portfolio?
The Fund will look to focus predominantly on one or more themes (at any given point in time) that, in the view of the Fund manager, are important for India’s economic development.
|Name of the scheme||HSBC Progressive Themes Fund|
|Type of scheme||An open-ended flexi-theme Equity Scheme|
|Investment objective||The investment objective of the fund is to generate long term capital growth from an actively managed portfolio of equity and equity related securities by investing primarily in sectors, areas and themes that play an important role in, and/or benefit from India’s progress, reform process and economic development.|
|Options||Dividend (payout/reinvestment) and growth|
|Date of allotment||23 February 2006|
|Minimum application amount||Rs 10,000 per application|
|Minimum additional investment||Rs. 1,000/- 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 Centres 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 and AMFI Website www.amfiindia.com|
|Systematic investment plan||Monthly/quarterly plan
Monthly - a minimum of 12 post-dated cheques of Rs 1,000 each each (6 in case application is through non-ECS locations)
Quarterly - a minimum of 4 post-dated cheques of Rs 3,000 each
|Systematic encashment plan||Monthly/quarterly. NAV as on first business day of each month/quarter. Investors can opt for withdrawal of a Fixed Amount or the Capital Appreciation on their investment.|
|Minimum redemption amount||Rs 1,000 and multiples of Rs 1 thereof|
|Mode of holding||Single, Joint or Anyone or Survivor|
|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||65-100 per cent equity and equity related securities, 0-35 per cent debt instruments & 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|