Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Pvt. Ltd. The fund manages assets worth Rs 16685.28 crore as on February 2008.
HSBC Equity Fund (G) an open-ended scheme launched in November 2002. The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs.84.94 as on 19 March 2008.
Portfolio: The total net assets of the scheme decreased by Rs.195.68 crore to Rs.1174.68 crore in February 2008.
HSBC Equity Fund (G) took fresh exposure to three new stocks in February 2008. The scheme has purchased 3.82 lakh units (1.41%) of Satyam Computer Services, 6.22 lakh units (1.35%) of Steel Authority of India, 1.30 lakh units (1.23%) of Glaxosmithkline Pharma in February 2008.
The scheme completely exited Infrastructure Development Finance Company by selling 10.00 lakh units (1.47%) GAIL (India) by selling 4.40 lakh units (1.34%), Welspun Gujarat Stahl Rohren by selling 3.29 lakh units (1.15%), and Siemens by selling 93000 units (1.14%) in February 2008.
Sector-wise, the scheme took fresh exposure in Pharmaceuticals – Multinational at 1.23% in February 2008.
Sector-wise, the scheme did exited completely from Finance & Investments at 1.47%, and Electronics – Components at 1.14% in February 2008.
The scheme had highest exposure to Reliance Industries with 3.14 lakh units (6.58% of the portfolio size) followed by Reliance Communication with 9.28 lakh units (4.54%) and Oil & Natural Gas Corporation with 5.12 lakh units (4.42%) among others in February 2008.
It reduced its exposure to Jaiprakash Associates by selling 4.43 lakh units to 12.39 lakh units (by 1.68%), State Bank of India by selling 74488 units to 2.18 lakh units (0.70%) and ICICI Bank by selling 1.06 lakh units to 2.13 lakh units (0.69%) among others in February 2008.
Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 8.53% (from 7.31% in January 2008), followed by Oil Drilling / Allied Services at 8.09% (6.07%) and Banks - Public Sector at 6.61% (7.28%) among others in February 2008.
Sector wise, the scheme had reduced exposure Construction to 4.62% (by 2.31%), Banks - Public Sector to 6.61% (by 0.67%) and Power Generation And Supply to 2.37% (by 0.65%) among others in February 2008.
Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 19 March 2008, the scheme posted negative returns of 21.06% returns outperforming the category average that posted negative returns of 25.63%. It outperformed the Sensex that has posted negative returns of 21.46% during the same period.
HSBC Equity Fund (G) an open-ended scheme launched in November 2002. The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs.84.94 as on 19 March 2008.
Portfolio: The total net assets of the scheme decreased by Rs.195.68 crore to Rs.1174.68 crore in February 2008.
HSBC Equity Fund (G) took fresh exposure to three new stocks in February 2008. The scheme has purchased 3.82 lakh units (1.41%) of Satyam Computer Services, 6.22 lakh units (1.35%) of Steel Authority of India, 1.30 lakh units (1.23%) of Glaxosmithkline Pharma in February 2008.
The scheme completely exited Infrastructure Development Finance Company by selling 10.00 lakh units (1.47%) GAIL (India) by selling 4.40 lakh units (1.34%), Welspun Gujarat Stahl Rohren by selling 3.29 lakh units (1.15%), and Siemens by selling 93000 units (1.14%) in February 2008.
Sector-wise, the scheme took fresh exposure in Pharmaceuticals – Multinational at 1.23% in February 2008.
Sector-wise, the scheme did exited completely from Finance & Investments at 1.47%, and Electronics – Components at 1.14% in February 2008.
The scheme had highest exposure to Reliance Industries with 3.14 lakh units (6.58% of the portfolio size) followed by Reliance Communication with 9.28 lakh units (4.54%) and Oil & Natural Gas Corporation with 5.12 lakh units (4.42%) among others in February 2008.
It reduced its exposure to Jaiprakash Associates by selling 4.43 lakh units to 12.39 lakh units (by 1.68%), State Bank of India by selling 74488 units to 2.18 lakh units (0.70%) and ICICI Bank by selling 1.06 lakh units to 2.13 lakh units (0.69%) among others in February 2008.
Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 8.53% (from 7.31% in January 2008), followed by Oil Drilling / Allied Services at 8.09% (6.07%) and Banks - Public Sector at 6.61% (7.28%) among others in February 2008.
Sector wise, the scheme had reduced exposure Construction to 4.62% (by 2.31%), Banks - Public Sector to 6.61% (by 0.67%) and Power Generation And Supply to 2.37% (by 0.65%) among others in February 2008.
Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.
Over three-month period ended as on 19 March 2008, the scheme posted negative returns of 21.06% returns outperforming the category average that posted negative returns of 25.63%. It outperformed the Sensex that has posted negative returns of 21.46% during the same period.
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