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HSBC MF, Kotak MF launch new fund schemes
Thursday, August 02, 2007

HSBC Dynamic Fund, a new fund scheme launched by HSBC Mutual Fund aims at providing flexibility of moving investment portfolios to fixed income securities. Targeting investors with a higher risk appetite, the scheme promises a diversified portfolio, and will be available between August 3 and August 30.

The new scheme shall concentrate in investing more in lesser number of shares. Without any market cap bias, they shall offer 90 per cent investment in just 30 shares, across different sectors. The only other scheme similar to this scheme is the one by ICICI Prudential.

The fund management would depend on global liquidity, global interest rate, earnings growth and the movement of Japanese yen. For hedging, the fund will use derivatives like options and futures. Among the new schemes launched by fund houses is Kotak Mutual Fundís Kotak Global Emerging Market Fund.

A close-ended fund, this fund aims at providing a long-term capital appreciation. It would allow investment in one or more overseas mutual fund schemes, investing in a diversified portfolio of securities. Available at a minimum investment of Rs.5000, the scheme shall remain open till August 24.

The scheme is suitable for long-term investors willing to take a higher risk and supplement owned holdings with an exposure to global emerging investment trends. It would enable NRIs to invest as well. While the BSE is the benchmark for HSBC Dynamic Fund, MSCI Emerging Market Index is the benchmark for Kotak Global Emerging Market Fund.

Related Readings

»HSBC offers Innovative Solutions to NRIs in US
»HSBC opens NRI office to facilitate cross-border transaction

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