After the acquisition and the launch of the multi cap NFO, HSBC Mutual Fund now offers funds in most of the categories as per the Securities and Exchange Board of India’s classification of mutual fund schemes under the regulations on categorization and rationalization of mutual funds. As mandated by Sebi, the fund will have minimum weightage of 25% to large, mid and small caps and flexible allocation of balance up to 25% to equity or debt securities and money market instruments.
HSBC Multi Cap Fund will be managed by Venugopal Manghat, CIO—Equities, Sonal Gupta, Head of Research—Equity, and Kapil Punjabi, Senior Vice President and Fund Manager— Fixed Income for Domestic equities, overseas investments and fixed income investments respectively by the Scheme.
According to the fund house, the scheme will focus on strong businesses with sustainable profitability, higher earnings potential and reasonable valuations.
Commenting on the launch of the HSBC Multi Cap Fund, Kailash Kulkarni, Co-CEO, HSBC Asset Management (India) Private India, said, “With the launch of HSBC Multi Cap Fund, we are providing investors with an opportunity to benefit from investing across large cap, mid cap and small cap stocks. With one fund, investors get three benefits: Large caps offer lower probability of negative returns or limit downside within equities over the long term, mid caps have more potential of delivering high growth and small caps offer more probability of delivering high alpha.”
On investment strategy, Venugopal Manghat, CIO-Equity, HSBC Asset Management Company India, said, “We stay true to our investment strategy for each scheme and remain consistent with its investment objective. Our investment strategy across schemes follows a more bottom-up approach. We evaluate companies on multiple parameters such as capital allocation and returns, competitive advantages, business potential, management, profitability, and others. We keep the strategy simple and look forward to remain invested for long periods of time for compounding benefit.
