HSBC Mutual Fund has rolled out a fund called HSBC Emerging Markets Fund and it is an open-ended scheme. The objective of the scheme is to provide long-term capital appreciation by investing in India and in the emerging markets, in equity and equity related instruments, share classes and units/securities issued by overseas mutual funds or unit trusts. The fund will invest 80%-100% in units or securities issued by overseas mutual funds or unit trusts of emerging markets. The fund will invest 0%-20% in domestic debt, money market instruments including CBLO and reverse repo and units of domestic mutual funds.
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