HSBC Mutual Fund launches HSBC Ultra Short Duration Fund
HSBC Mutual Fund launches HSBC Ultra Short Duration Fund
Jan 14, 2020 by News Team
NFO period: 14th January – 28th January, 2020
Highlights of the NFO:
Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months
Investment objective – The investment objective of the scheme is to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.
Product suitability – The product is suitable for investors who are seeking income over short term with low volatility. By investing in debt & money market instruments such that the Macaulay Duration of the portfolio is between 3 months- 6 months.
Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – Regular and Direct Plan having Growth Option and Dividend Option (Payout and Reinvestment facility).