HSBC Equity Fund gets recognition for creating wealth for its investors

HSBC Equity Fund was launched 5 years ago in Dec 2002 and it has performed consistently over its benchmark thereby generating wealth for its investors. What's better that it has actually continued to deliver consistent performance even during these highly volatile times. Testimony to the success of HSBC Equity Fund is the fact that it has been included in the 5 star rated fund category ("Top rated mutual funds" by Value Research online) in April 2008. In all, HSBC Mutual Fund has 3 schemes in the 5 star category - HSBC Equity Fund, HSBC Floating Rate - Long Term and HSBC MIP - Savings and four schemes in the 4 star rated funds on Value Research Online. i.e. about 40 per cent of all open-ended, actively managed schemes of HSBC Mutual Fund are rated 4 star or above. (Past performance is no guarantee of future results)

In fact, an investment of Rs.1,00,000 at inception in Dec 2002 in our flagship product, HSBC Equity Fund would have yielded an amount of Rs.9,59,037 as on 30 April 2008. This means CAGR returns of 56.25 per cent compared to 43.40 per cent for BSE 200, since last 5 years.

Data as on 30 Apr 2008. 'Since inception' returns are calculated on Rs.10 invested at inception. Calculations are based on growth NAVs. Past performance may or may not be sustained in the future.

"We are proud of the fact that the HSBC Equity Fund has stayed 'true to label' by adhering to its core positioning as an 'actively-managed, diversified large-cap biased' fund. We have managed to create wealth for our investors by using an active investment style and changing the sector and stock holdings to adapt to varying market conditions without changing its core positioning. We feel that the HSBC Equity Fund could be a core holding in the investor's portfolio, with a long-term outlook on the fund" - Mihir Vora, Head of Fund Management - Equities, HSBC Asset Management (India).

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