HSBC Mutual Fund has approved some changes in HSBC Gilt Fund - Short Term Plan. The name of the scheme, exit load structure and benchmark index of the HSBC Gilt Fund - Short Term Plan will be revised with effect from 12 March 2009.
Accordingly, the scheme will be renamed as HSBC Gilt Fund (HGF) from HSBC Gilt Fund - Short Term Plan.
The fund has proposed to charge an exit load of 0.5% (includes Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)) if redeemed/switched out within 6 months from the date of investment. presently, it does not charge any exit load.
The benchmark of the scheme will be changed to I Sec Composite Index instead of I Sec Si-bex.
HSBC Gilt Fund -Short Term Plan is an open ended gilt scheme aims to generate reasonable returns through investments in Government Securities of various maturities.
Accordingly, the scheme will be renamed as HSBC Gilt Fund (HGF) from HSBC Gilt Fund - Short Term Plan.
The fund has proposed to charge an exit load of 0.5% (includes Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)) if redeemed/switched out within 6 months from the date of investment. presently, it does not charge any exit load.
The benchmark of the scheme will be changed to I Sec Composite Index instead of I Sec Si-bex.
HSBC Gilt Fund -Short Term Plan is an open ended gilt scheme aims to generate reasonable returns through investments in Government Securities of various maturities.
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