HSBC Mutual Fund has launched the New Fund Offer (NFO) of HSBC Fixed Term Series 102 (370 days plan), a close ended income scheme. The NFO opens for subscription on Apr 28, 2014 and closes on Apr 29, 2014. No entry or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Ruchir Parekh,.
The investment objective of the scheme is seek generation of returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the Plan(s).
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