The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services businesses. There is no assurance that the investment objective of the scheme will be achieved.
Key Details of the NFO
NFO Period: 06 February 2025 To 20 February 2025
Investment Objective: An open-ended equity scheme Investing in financial services sector
Benchmark Index: BSE Financial Services Index - Total return index (TRI)
Minimum Investment: Rs. 5,000/- per application and in multiples of Re. 1/- thereafter
Exit Load: If the units redeemed or switched out are up to 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil
(ii) If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%
(iii) If units are redeemed or switched out on or after 1 year from the date of allotment – Nil
• No Exit load will be chargeable in case of switches made between different options of the Scheme.
• No Exit load will be chargeable in case of Units allotted on account of IDCW reinvestments, if any.
• Exit load is not applicable for Segregated Portfolio.
Risk Level: Very High-risk
Why HSBC Financial Services Fund?
Financial sector is expected to grow 2x of GDP to achieve the Viksit Bharat ambition
The share of financial assets within the overall Indian households mix has been increasing
Technology has reformed the financial landscape – Smartphone penetration, lowest data cost led to increase in active internet user
Government initiatives have accelerated the pace of growth in the sector – UPI, Aadhaar, GST, Digilocker and ONDC are some of the major enablers for the improved prospects of financial services sector
Change in behaviour of Indians – Risk averse to Return focused approach is driving investments towards assets such as Equity, Mutual Funds
HSBC Financial Services Fund may have more allocation to non-lending themes such as Capital Market, Mutual Funds, Insurance, Wealth Management, Depositories, etc.
The fund may not follow benchmark hugging strategy to create a differentiated portfolio which may have potential for growth
Also aims to have higher weightage to Mid-Small Cap segment compared to benchmark
Fund Management Team
The fund is managed by a team of experienced professionals:
Mr. Gautam Bhupal : Over 20 years of experience in Research and Fund Management.
If you’re interested in participating in this NFO, consult a financial advisor for more details.
Comments