Friday, April 4, 2008

HSBC Small Cap Fund Garners Rs.86 Crore

HSBC Mutual Fund has collected Rs 86 crores via HSBC Small Cap Fund during their initial offer period from 19 January to 4 March 2008. HSBC Small Cap Fund is a three years close-ended equity scheme with automatic conversion into open-ended equity scheme at the end of three years from the date of allotment of units.

The objective of the scheme is to provide long-term capital appreciation primarily from a diversified portfolio of equity and equity related instruments of small cap companies.

The scheme offers investors dividend and growth options. Dividend option offers dividend reinvestment and payout facilities.

The scheme may invest 65-100% in equity and equity related instruments of small cap companies. It may have investment of 0-35% in equity and equity related instruments of other than small cap companies. The scheme will invest 0-35% in debt and money market instruments.

The benchmark index for the scheme will be BSE Small Cap Index

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