HSBC Mutual Fund has launched HSBC Corporate Bond Fund– an open ended debt scheme that will predominantly invest in AA+ and above rated corporate bonds.
The scheme aims to deliver better risk adjusted returns with a high credit quality portfolio of debt securities across maturities, rated AA+ and above. The fund will be benchmarked against NIFTY Corporate Bond Index and managed by Ritesh Jain, SVP and Head of Fixed Income, HSBC MF.
In a press release, Ravi Menon, CEO, HSBC AMC said, “We have a strong focus on consistently providing relevant investment solutions to our investors. In the current low interest rate environment, the fund is ideal for investors who are looking to invest for a short to medium term, avoid interest rate risks and earn superior returns on a risk adjusted basis in line with market rates.”
