HSBC Multicap Fund Post NFO Performance : HSBC Mutual Fund’s new scheme (NFO) HSBC Multi Cap Fund has been a profitable deal for investors. This scheme has performed tremendously since its launch. Since its launch in January last year, the absolute return of this scheme has been around 85 percent, while in the last 1 year this scheme has given 57 percent return to the investors. In this way, this new fund offer has become the rising star of the mutual fund market.
HSBC Multi Cap Fund is a scheme that invests across market caps. It invests in large cap, mid cap and small cap stocks and aims to create long term wealth by investing in equity and equity related securities. The fund has a minimum allocation of 25% (minimum 25% in each segment) across large, mid and small caps. Investing across market caps keeps the portfolio well diversified.
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Performance after 1 year and launch
HSBC Multi Cap Fund has given a return of 56.83 percent in the last 1 year. The value of a person who invested Rs 1 lakh in this fund became Rs 1,57,020 in 1 year. Even after inspection, the absolute return of the fund has been 84.66 percent. That is, the value of a person who invested Rs 1 lakh in this fund has now become Rs 1,84,659.
In the last 1 year, the return of the scheme benchmark NIFTY 500 Multicap 50:25:25 TRI was 45.17 percent and the investors’ 1 lakh rupees in it has now increased to Rs 1,45,310. Whereas the additional benchmark Nifty 50 TRI gave a return of 27.76 percent in 1 year and the investment of Rs 1 lakh in it increased to Rs 1,27,840.
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SIP Returns
Those who did SIP in HSBC Multi Cap Fund have got 50.3 percent annualized and 25.61 percent absolute return in the last 1 year. Monthly SIP of Rs 5000 became Rs 75,367 in 1 year.
What is the investment strategy of this fund?
• Bottom-up stock picking has proven to be beneficial across all market cycles.
• Different stages of the economic cycle provide opportunities to select diverse stocks.
• In a growing economy, certain companies exhibit superior growth and earnings visibility regardless of the business cycle and the fund targets to identify and invest in them.
• Business cycles and the macros that drive them can be directional indicators but ultimately it is the right stock selection that will drive returns.
• Strong franchises thrive in poor macros.
• For example. Rising input costs force weaker players in the industry to close capacities. This helps strong/organised players to gain market share and dominate the industry.
• The Fund will continue to apply the same principles to accumulate attractive opportunities.
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About the Scheme
Launch date: January 30, 2023
Minimum lump sum investment: Rs 5,000
Minimum SIP investment: Rs 500
Benchmark : Nifty 500 Multicap 50:25:25 TRI
Total Assets: Rs 3866 (31 July, 2024)
Expense Ratio: 1.89% (July 31, 2024)
(Note: We have given information here based on the performance of the scheme. The past performance may or may not remain in the future.)