|HSBC Mutual Fund has launched a new fund named as HSBC Fixed Term Series 140 (1147 days), a close ended income scheme with the duration of 1147 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 16 April and closes on 25 April 2019.
The investment objective of the scheme would be to seek generation of returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the plan.
The scheme offers growth and dividend payout option.
The scheme would allocate 80% to 100% of assets in debt instruments and upto 20% of assets in money market instruments with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry load: Nil
Exit load: Not Applicable.
Benchmark Index for the scheme is Crisil Composite Bond Fund Index.
The fund manager for the scheme is Kapil Punjabi.
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