Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Private. Limited. The fund manages assets worth Rs 9813.45 crore as on May 2009. HSBC Equity Fund (G) an open-ended equity diversified scheme launched in November 2002.
The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities.
The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 80.33 as on 24 June2009.
Portfolio: The total net assets of the scheme increased by Rs 252.87 crore to Rs 1477.42 crore in May 2009.
HSBC Equity Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.19 lakh units (1.40%) of Dr Reddys Laboratories, 6.74 lakh units (1.40%) of Pantaloon Retail (India) and 4.98 lakh units (1.36%) of DLF among others.
The scheme exited completely from Infrastructure Development Finance Company by selling 27.07 lakh units (1.69%) in May 2009.
Sector-wise, the scheme took fresh exposure in Textiles-Products at 1.40%, Diversified- Medium/Small at 1.20% and Sugar at 1.01% among others in May 2009.
Sector-wise, the scheme exited completely from Finance & Investments at 1.69% in May 2009.
The scheme had highest exposure to Reliance Industries with 4.93 lakh units (7.61% of portfolio size) followed by State Bank of India with 4.11 lakh units (5.21%), Bharat Heavy Electricals with 3.42 lakh units (5.04%) and HDFC Bank with 4.95 lakh units (4.84%) among others in May 2009.
It reduced its exposure from ITC by selling 2.66 lakh units to 32.40 lakh units (by 1.38%), Bharti Airtel by selling 1.34 lakh units to 7.16 lakh units (1.23%), Hindustan Unilever by selling 2.15 lakh units to 14.95 lakh units (0.94%) and Cipla by selling 1.02 lakh units to 8.34 lakh units (0.58%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.11% (from 10.24% in April 2009), followed by Banks-Private Sector at 7.09% (5.97%), Telecommunications-Service Provider at 5.67% (6.49%) and Oil Drilling/Allied Services at 5.42% (4.62%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Personal Care-Multinational to 3.96% (by 1.43%), Cigarettes to 4.03% (by 1.38%), Telecommunications-Service Provider to 5.67% (by 0.82%) and Computers-Software-Large to 4.82% (by 0.63%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 200 Index. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 3.92% underperforming the BSE 200 Index that gained 4.41% over 1 month period ended 24 June 2009.
Over 3 months period, the scheme advanced by 36.57% underperforming the benchmark index that gained 59.56%.
It fell 2.30% that underperformed the benchmark index that increased by 1.62% over 1 year period.
The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities.
The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 80.33 as on 24 June2009.
Portfolio: The total net assets of the scheme increased by Rs 252.87 crore to Rs 1477.42 crore in May 2009.
HSBC Equity Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.19 lakh units (1.40%) of Dr Reddys Laboratories, 6.74 lakh units (1.40%) of Pantaloon Retail (India) and 4.98 lakh units (1.36%) of DLF among others.
The scheme exited completely from Infrastructure Development Finance Company by selling 27.07 lakh units (1.69%) in May 2009.
Sector-wise, the scheme took fresh exposure in Textiles-Products at 1.40%, Diversified- Medium/Small at 1.20% and Sugar at 1.01% among others in May 2009.
Sector-wise, the scheme exited completely from Finance & Investments at 1.69% in May 2009.
The scheme had highest exposure to Reliance Industries with 4.93 lakh units (7.61% of portfolio size) followed by State Bank of India with 4.11 lakh units (5.21%), Bharat Heavy Electricals with 3.42 lakh units (5.04%) and HDFC Bank with 4.95 lakh units (4.84%) among others in May 2009.
It reduced its exposure from ITC by selling 2.66 lakh units to 32.40 lakh units (by 1.38%), Bharti Airtel by selling 1.34 lakh units to 7.16 lakh units (1.23%), Hindustan Unilever by selling 2.15 lakh units to 14.95 lakh units (0.94%) and Cipla by selling 1.02 lakh units to 8.34 lakh units (0.58%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Refineries at 11.11% (from 10.24% in April 2009), followed by Banks-Private Sector at 7.09% (5.97%), Telecommunications-Service Provider at 5.67% (6.49%) and Oil Drilling/Allied Services at 5.42% (4.62%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Personal Care-Multinational to 3.96% (by 1.43%), Cigarettes to 4.03% (by 1.38%), Telecommunications-Service Provider to 5.67% (by 0.82%) and Computers-Software-Large to 4.82% (by 0.63%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE 200 Index. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 3.92% underperforming the BSE 200 Index that gained 4.41% over 1 month period ended 24 June 2009.
Over 3 months period, the scheme advanced by 36.57% underperforming the benchmark index that gained 59.56%.
It fell 2.30% that underperformed the benchmark index that increased by 1.62% over 1 year period.
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