Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Pvt. Ltd. The fund house manages assets worth Rs 9604.84 crore at the end of June 2009. HSBC Equity Fund (G) is an open-ended equity diversified scheme launched in November 2002.
The objective of the scheme is 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 Rs.1 thereafter. The unit NAV of the scheme was Rs 84.04 per unit as on 23 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.76 crore to Rs 1492.18 crore in June 2009.
HSBC Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 2.69 lakh units (1.14%) of Kotak Mahindra Bank.
The scheme exited completely from DLF by selling 4.98 lakh units (1.36%), GMR Infrastructure by selling 10.78 lakh units (1.20%), and Power Grid Corporation of India by selling 13.53 lakh units (1.05%) in June 2009.
Sector-wise, the scheme took no fresh exposure to any sectors in June 2009. Sector-wise, the scheme did exit completely from Diversified-Medium/Small at 1.2% in June 2009.
The scheme had highest exposure to Reliance Industries with 5.31 lakh units (7.20% of portfolio size) followed by Bharat Heavy Electricals with 3.41 lakh units (5.05%), State Bank of India with 4.14 lakh units (4.84%) and HDFC Bank with 4.05 lakh units (4.05%) among others in June 2009.
It reduced its exposure from HDFC Bank by selling 90358 units to 4.05 lakh units (by 0.79%), ITC by selling 4.13 lakh units to 28.26 lakh units (0.42%), Reliance Industries to 5.31 lakh units (0.41%) and State Bank of India to 4.14 lakh units (0.37%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 10.30% (from 11.11% in May 2009), followed by Banks-Private Sector at 7.39% (7.09%), Telecommunications-Service Provider at 5.43% (5.67%) and Computers-Software-Large at 5.26% (4.82%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Construction to 2.84% (by 1.56%), Power Generation and Supply to 3.84% (by 0.83%), Refineries to 10.30% (by 0.81%) and Oil Drilling/Allied Services to 4.9% (by 0.52%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 5.60% underperformed the BSE 200 that increased by 6.72% over 1 month period ended 23 July 2009.
Over 3 months period, the scheme advanced by 26.69% underperformed the BSE 200 that gained 40.42%. It fell 0.38% underperformed the benchmark index that was up by 2.60% over 1 year period.
The objective of the scheme is 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 Rs.1 thereafter. The unit NAV of the scheme was Rs 84.04 per unit as on 23 July 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.76 crore to Rs 1492.18 crore in June 2009.
HSBC Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 2.69 lakh units (1.14%) of Kotak Mahindra Bank.
The scheme exited completely from DLF by selling 4.98 lakh units (1.36%), GMR Infrastructure by selling 10.78 lakh units (1.20%), and Power Grid Corporation of India by selling 13.53 lakh units (1.05%) in June 2009.
Sector-wise, the scheme took no fresh exposure to any sectors in June 2009. Sector-wise, the scheme did exit completely from Diversified-Medium/Small at 1.2% in June 2009.
The scheme had highest exposure to Reliance Industries with 5.31 lakh units (7.20% of portfolio size) followed by Bharat Heavy Electricals with 3.41 lakh units (5.05%), State Bank of India with 4.14 lakh units (4.84%) and HDFC Bank with 4.05 lakh units (4.05%) among others in June 2009.
It reduced its exposure from HDFC Bank by selling 90358 units to 4.05 lakh units (by 0.79%), ITC by selling 4.13 lakh units to 28.26 lakh units (0.42%), Reliance Industries to 5.31 lakh units (0.41%) and State Bank of India to 4.14 lakh units (0.37%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Refineries at 10.30% (from 11.11% in May 2009), followed by Banks-Private Sector at 7.39% (7.09%), Telecommunications-Service Provider at 5.43% (5.67%) and Computers-Software-Large at 5.26% (4.82%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Construction to 2.84% (by 1.56%), Power Generation and Supply to 3.84% (by 0.83%), Refineries to 10.30% (by 0.81%) and Oil Drilling/Allied Services to 4.9% (by 0.52%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over all time periods.
The scheme has posted returns of 5.60% underperformed the BSE 200 that increased by 6.72% over 1 month period ended 23 July 2009.
Over 3 months period, the scheme advanced by 26.69% underperformed the BSE 200 that gained 40.42%. It fell 0.38% underperformed the benchmark index that was up by 2.60% over 1 year period.
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