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HSBC Mutual Fund has launched HSBC Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks.
This is the first NFO post the acquisition of L&T MF by HSBC Asset MF.
Venugopal Manghat, CIO—Equities, Sonal Gupta, Head of Research—Equity and Kapil Punjabi, Senior Vice President and Fund Manager— Fixed Income will co-manage the fund.
In a press release, Kailash Kulkarni, Co-CEO, HSBC MF said, “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.”
Venugopal Manghat, CIO-Equity, HSBC MF, said, “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.”
