HSBC MUTUAL FUND LAUNCHES NEW FUND OFFERING (NFO) HSBC MULTI ASSET ALLOCATION FUND (HMAAF)

New Delhi: HSBC Mutual Fund has introduced HSBC Multi Asset Allocation Fund (HMAAF), an open-ended scheme designed to invest in equities and equity-related instruments, debt and money market securities as well as gold/silver ETFs. Is. Is. The fund aims to achieve long-term capital growth, reduce volatility and provide diversification. The NFO period for HMAAF begins on February 8, 2024, and ends on February 22, 2024, with a scheduled reopening on March 1, 2024.

Investment Strategy:

HMAAF will adopt an optimal multi-asset allocation investment strategy following the flexicap approach and invest across the market cap based on the prevailing valuation convenience. The investment process considers various factors such as business quality, competitive advantage, corporate governance, sustainability practices, financial strength, risk-reward assessment and key earnings drivers.

Fund management:

The fund will be managed by a team comprising Chinu Gupta, SVP of Fund Management Equities (for domestic equities), Deepan Parikh, VP Dealing Equities (for gold/silver ETFs), Mahesh Chhabria, VP Fund Management Fixed Income (for fixed income) For) are included. Will be included. and Sonal Gupta, Head Research Equities (for foreign securities).

Benefits of Multi Asset Allocation Fund:

Multi-asset allocation funds facilitate diversification and asset rebalancing, ensuring timely adjustments to maintain a balanced investment approach. This proactive approach helps investors navigate the financial landscape while optimizing their asset mix.

Kailash Kulkarni, CEO, HSBC Asset Management Company (India) Pvt. Ltd. emphasized the need for a multi-asset allocation strategy to effectively manage India’s growth potential and market volatility. Venugopal Manghat, CIO-Equity, highlighted the strategic mix of equities, fixed income and gold/silver in achieving long-term return optimization and volatility mitigation.

HSBC Mutual Fund manages assets of over Rs. 1 lakh crore in 65 cities by December 31, 2023. Offering a range of open-ended funds including equity, debt, hybrid, index funds and funds of funds, HSBC Mutual Funds offers comprehensive and tailored investment solutions.

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