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HSBC Mutual Fund has launched HSBC Multi Asset Allocation Fund (HMAAF), an open-ended scheme investing in equity and equity-related instruments, debt & money market securities and gold/ silver ETFs.
The fund aims to generate long-term capital growth, help reduce volatility and offer diversification. HMAAF will capitalize on an optimum multi asset allocation investment strategy.
The fund will be managed by Cheenu Gupta, SVP Fund Management Equities (for Domestic Equities), Dipan Parikh, VP Dealing Equities (for Gold/ Silver ETFs), Mahesh Chhabria, VP, Fund management Fixed Income (for Fixed Income) and Sonal Gupta, Head Research Equities (for Foreign Securities).
The fund will offer equity taxation as it will invest at least 65% of its corpus in equity.
In a press release, Kailash Kulkarni, CEO, HSBC MF, said, “India’s growth story is driven by several factors including increasing domestic consumption, strong forex reserves, focus on manufacturing and infrastructure development, improving debt markets, foreign investments, strong government reforms, etc. These factors, combined with significant market volatility, calls for a multi asset allocation strategy, considering different asset classes behave differently depending on economic situations. With an efficient asset allocation, the HSBC Multi Asset Allocation Fund aims to spread the risk and optimise performance to deliver risk adjusted growth in the long run.”
Venugopal Manghat, CIO-Equity, HSBC MF said, “With a strategic blend of equity that offers capital appreciation, fixed income that brings stability and gold/silver adding resilience, a multi asset allocation is a prudent solution to help counter volatility and achieve return optimisation in the long run. Backed by rigorous research, our focus will be on delivering relative value using a combination of top-down and bottom-up approaches ensuring prudent diversification.”
