HSBC Mutual Fund launches HSBC Consumption Fund

NFO period: 10^th August – 24^th August, 2023

Highlights of the NFO:

• Scheme type – An open ended equity scheme following consumption theme


• Investment objective – The investment objective of the fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking to create wealth over long-term by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities.


• Minimum Application Amount – First investment is Rs. 5000/– and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal option (IDCW) with Payout of IDCW and Reinvestment of IDCW sub-option.


• Fund Manager – Gautam Bhupal (For Domestic equities) and Sonal Gupta (For Overseas Investments)


• Benchmark – Nifty India Consumption Index TRI