1 Year Return
as 24th Jan 2020
Min. SIP Amount
Profit (absolute return)
Min Lumpsum Amount
0% if redeemed within 12 months.
|Fund Managers||Kapil Punjabi|
|Legal Structure||Open Ended Investment Company|
|Risk Level||Low Risk|
|Oriental Bank Of Commerce||3.88%|
|Indian Oil Corporation Limited||3.88%|
|Manappuram Finance Limited||3.88%|
It is a debt mutual fund scheme that was launched by HSBC mutual fund. , it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Kapil Punjabi. Also, the growth of fund is rated low risk. The minimum SIP investment amount is INR 1000, and, lumpsum investment is INR 10000.
The aim is to provide better returns; commensurate with low-risk whilst providing a high-level of liquidity, through a portfolio of debt and money market securities. Returns are taxed as per your Income-tax slab, only If sold before 3 years.
HSBC is one of the largest financial and banking services organizations globally, with operations in around 66 countries and territories. Their aim is to be where the development and growth are, thus, enabling businesses to thrive and economies to prosper, and helping people to fulfill their hopes, and realize their ambitions.
‘We want to serve customers in the best possible way’, as said by John Flint, HSBC group chief executive.