HSBC Mutual Fund has launched a new fund, HSBC Capital Protection Oriented Fund – Series 1 – Plan I, a close-ended capital protection oriented fund with the duration of 790 days from the date of allotment.
The face value of the scheme is Rs.10 per unit.
The new issue will be open for subscription from 18th April, 2013 and closes on 2nd May, 2013.
Debt portion of the scheme will be managed by Mr. Ruchir Parekh and Mr. Sanjay Shah and Equity portion will be managed by Mr. Amaresh Mishra. The performance of the scheme will be benchmarked against Crisil MIP (Monthly Income Plan) Blended Index.
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