HSBC Investments (India) and its flagship HSBC Equity Fund complete 5 five successful years
HSBC Investments has completed 5 successful years in India. In a relatively short span of time since it first started operations in Dec 2002, HSBC Mutual Fund has created wealth for its investors. The fact, that HSBC Mutual Fund is one of the youngest Asset Management Company to reach amongst the top players in the business, bears testimony to our success story.
An investment of Rs.1,00,000 in Dec 2002 in our flagship product, HSBC Equity Fund (which also completes 5 successful years), would have yielded an amount of Rs.10,61,677 as on 31 October 2007. In fact, this means CAGR returns of 62.06% compared to 45.84% for BSE 200, since inception. (Past performance may or may not be sustained in the future)
HSBC Investments has a longstanding track record globally with US$ 364 bn (as on 30 Sep 2007) AUM worldwide. (Source: HSBC Investments, 30 Sep 2007).
Sanjay Prakash, CEO of HSBC Investments (India), said: "We thank our partners and customers for our success in creating wealth over the past five years. In fact, Rs. 1 lakh invested in HSBC Equity Fund NFO would have become more than Rs.10 lakhs today"
Rajesh Joshi |
Prachi Mishra |
