HSBC Mutual Fund has decided to discontinue the daily dividend of HSBC Floating Rate-Long Term Plan with effect from January 14, 2009.
HSBC Floating Rate-Long Term Plan, which was launched in November 2004 is an open-ended income scheme. The objective of the scheme is to generate reasonable return with commensurate risk from a portfolio that comprised of floating as well as the fixed rate debt instruments swapped for floating rate returns.
HSBC Floating Rate-Long Term Plan, which was launched in November 2004 is an open-ended income scheme. The objective of the scheme is to generate reasonable return with commensurate risk from a portfolio that comprised of floating as well as the fixed rate debt instruments swapped for floating rate returns.
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