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HSBC Mutual Fund has launched HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme.
The fund will invest in companies engaged in or expected to benefit from export of goods or services like automobile, industrial products, electrical, pharma, chemicals, IT, telecom and others.
The scheme has the flexibility to invest in companies across market capitalization.
Abhishek Gupta (Equity), Senior Vice President, Equities, HSBC Mutual Fund and Sonal Gupta (Overseas Securities), Head Research Equities, HSBC Mutual Fund will manage this scheme.
In a press release, Kailash Kulkarni, CEO, HSBC Mutual Fund said, “The Indian government’s ambitious target to achieve $2 trillion in annual exports by 2030 underscores the nation’s commitment to expanding its international trade footprint. With our strength in skilled labour and the focus on supply chain diversification along with reforms and incentives enhances our competitive edge in the global markets. Exports is an ever-evolving opportunity for the country, helping businesses improve productivity and efficiency; and build forex reserves for the country. Overall, India is well positioned to leverage this potential, supporting economic development, and fostering growth.”
Venugopal Manghat, CIO-Equity, HSBC Mutual fund, said, “Stocks will be selected taking into consideration multiple criteria including fundamentals of the business, industry structure, relative business strength amongst peers, quality of the management, sensitivity to economic factors, financial strength of the company, key earnings drivers, and valuation. We believe that this, along with our bottom-up approach to investing may help in creating alpha over the medium to long-term for our prospective investors.”
