Business Daily from THE HINDU group of publications Thursday, Nov 30, 2006 ePaper |
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Markets
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New Fund Offer Our Bureau
Mumbai , Nov. 29 HSBC Investments has launched 85 per cent capital protection oriented portfolio under their portfolio management services. The product is an open-ended scheme oriented towards protecting a certain amount of capital at all times and provide daily liquidity. The scheme will open on December 5 and close on December 26. Fresh inflows will be taken annually from December 5 to December 26. The product will have dynamic asset allocation between equity and debt. The scheme offers downside protection in a bearish market and will participate in the upside during bullish phases. The debt portion of the fund will be invested in HSBC Cash Fund. The minimum initial investment is Rs 25 lakh. Investors can exit any time without any loads. The subscription fee is 1.75 per cent and the annual fee is 1.75 per cent for investors.
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