Thursday, March 20, 2008

HSBC MF Launches Interval Fund

HSBC MF has unveiled a fund HSBC Interval Fund Plan III and it is a debt oriented interval scheme. The scheme HSBC Interval Fund - Plan III is a Quarterly Interval Plan with an interval period of 91 days.

The objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the respective plan. The fund will invest 0%-100% in debt instruments including securitised debt. The fund will invest 0%-100% in money market instruments. The net notional exposure to derivatives in the scheme shall not be more than 50% of the net assets. The scheme shall not have an exposure of more than 30% of its net assets in foreign debt securities. Investment in securitised debt will not exceed 50% of the corpus of the plan.

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