HSBC Mutual Fund filed an offer document to launch HSBC Fixed Term Series 66-74. It is a close-ended income scheme with 9 plans. The nine plans viz. HSBC Fixed Term Series 66 to 74 will be for fixed terms of 18 months (one Plan), 17 months (two Plans), 16 months (two Plans), 370 days (two Plans) and 3 months (two Plans) from the date of allotment. 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. HSBC Fixed Term Series 66 to 74 offers regular and institutional option with growth and dividend reinvestment sub options.
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