HSBC Global Asset Management has launched a New Fund Offer (NFO) for HSBC Large and Mid Cap Equity Fund. The NFO period begins on March 11, 2019 and will close on March 25, 2019. The scheme will reopen for continuous sale and repurchase on April 04, 2019. The scheme aims to provide long term wealth creation and income to its investors by investing in equity and equity related securities of large and mid cap companies.
Asset Allocation of HSBC Large & Mid Cap Equity Fund
Under normal circumstances, the asset allocation of HSBC Large & Mid Cap Equity Fund will be as follows:
| Asset Class | Asset Allocation | |
| Minimum | Maximum | |
| 1. Equities & Equity related securities of: | 80% | 100% |
| 1.1 Large Cap Companies | 35% | 65% |
| 1.2 Mid Cap Companies | 35% | 65% |
| 1.3 Other than Large Cap and
Mid Cap Companies |
0% | 30% |
| 2. Debt & Money Market Instruments | 0% | 20% |
Benchmark of HSBC Large & Mid Cap Equity Fund
The HSBC Large & Mid Cap Equity Fund will be benchmarked against NIFTY LargeMidcap 250 Index (TRI). The total return variant of the index has generated a 1-year return of -4.71% while the 5 year return of the scheme was 17.14% (as on February 28, 2019). This index is an apt benchmark for the scheme since its composition and asset allocation are in line with the asset allocation pattern and investment strategy of the HSBC Large & Mid Cap Equity Fund.
Fund Manager of HSBC Large & Mid Cap Equity Fund
The HSBC Large & Mid Cap Equity Fund will be managed by Mr. Neelotpal Sahai. Other schemes being managed by Mr. Sahai include HSBC Large Cap Equity Fund, HSBC Small Cap Equity Fund and HSBC Multi Cap Equity Fund. The return details of these three schemes are as follows:
| Fund | 1 Year Return | 3 Year Return | 5 Year Return |
| HSBC Large Cap Equity Fund | -7.18% | 12.65% | 13.13% |
| HSBC Multi Cap Equity Fund | -12.81% | 11.14% | 15.23% |
| HSBC Small Cap Equity Fund | -26.09% | 7.86% | 18.94% |
(Data as on January 31, 2019; Source: Pulse Labs)
Key information about HSBC Large & Mid Cap Equity Fund NFO
| NFO period | March 11, 2019 – March 25, 2019 |
| Minimum application amount | Rs. 5,000 |
| Exit load | 1% – If units redeemed/switched-out within 1 year from the date of allotment
Nil – If units are redeemed / switched-out after 1 year from the date of allotment |
| Benchmark | NIFTY LargeMidcap 250 Index (TRI) |
| Fund Manager | Neelotpal Sahai |
Other Funds by HSBC Asset Management
| Fund Name | 3-Year Returns (%) | Link |
| HSBC Flexi Debt Fund Direct-Growth | 7.34 | Invest Now |
| HSBC Debt Fund Direct-Growth | 7.32 | Invest Now |
| HSBC Cash Fund Direct-Growth | 6.89 | Invest Now |
| HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct-Growth | 5.82 | Invest Now |
| HSBC Managed Solutions India Conservative Fund Direct- Growth | 5.66 | Invest Now |
| HSBC Regular Savings Fund Direct-Growth | 4.64 | Invest Now |
| HSBC Short Duration Fund Direct -Growth | 4.42 | Invest Now |
| HSBC Global Consumer Opportunities Fund Direct- Growth | 4.05 | Invest Now |
| HSBC Low Duration Fund Direct-Growth | 3.93 | Invest Now |
| HSBC Managed Solutions India Moderate Fund Direct- Growth | 3.39 | Invest Now |
| HSBC Managed Solutions India Growth Fund Direct- Growth | 2.63 | Invest Now |
| HSBC Large Cap Equity Fund Direct-Growth | 1.17 | Invest Now |
| HSBC Tax Saver Equity Fund Direct-Growth | -0.87 | Invest Now |
| HSBC Multi Cap Equity Fund Direct-Growth | -2.11 | Invest Now |
| HSBC Small Cap Equity Fund Direct-Growth | -7.96 | Invest Now |
| HSBC Infrastructure Equity Fund Direct-Growth | -17.07 | Invest Now |