HSBC Mutual Fund has collected Rs 215 crore through its Fixed Term Series 53 during its initial offer period. HSBC Fixed Term Series 53, a 370 days plan was opened for subscription from 23 May to 26 May 2008. It is a close-ended fixed term income funds.
The investment 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 plan. The scheme will have an investment in money market instruments and debt instruments where interest rate risk is relatively low to medium.
The scheme offers two plans i.e. regular and institutional plan. The scheme will have both growth and dividend option. Dividend reinvestment facility is available under dividend option. The scheme charges an exit load of 2.00% if the investment is redeemed before the maturity date. The scheme's fund mangers are Mr Alok Sahoo and Mr Suyash Choudhary.
The investment 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 plan. The scheme will have an investment in money market instruments and debt instruments where interest rate risk is relatively low to medium.
The scheme offers two plans i.e. regular and institutional plan. The scheme will have both growth and dividend option. Dividend reinvestment facility is available under dividend option. The scheme charges an exit load of 2.00% if the investment is redeemed before the maturity date. The scheme's fund mangers are Mr Alok Sahoo and Mr Suyash Choudhary.
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