HSBC Mutual Fund has come out with a new fund called HSBC Small Cap Fund and it is a three years close-ended equity diversified scheme with automatic conversion into open-ended equity scheme at the end of three years from the date of allotment of units.
The investment objective of the scheme is to provide long-term capital appreciation primarily from a diversified portfolio of equity and equity related instruments of small cap companies.The scheme may invest 65-100% in equity and equity related instruments of small cap companies. It may have investment of 0-35% in equity and equity related instruments of other than small cap companies. The scheme will invest 0-35% in debt and money market instruments.
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