The new fund offer or NFO of this new scheme will open for subscription on September 5 and close on September 19.
The HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies that are involved in or expected to benefit from the export of goods or services. The scheme has the flexibility to invest in companies that are part of the Exports theme across all market capitalizations – large-cap, mid-cap and small-cap companies, according to a press release from the fund manager.
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The scheme will track the Nifty 500 Total Return Index (TRI) and will be managed by Abhishek Gupta and Sonal Gupta.
The fund is a unique offering in the industry that has a differentiated allocation structure. thematic background The aim is to capture export growth, the statement said. The plan will allocate 80% to 100% in stocks and stock-related securities of companies that are involved in or expected to benefit from the export of goods or services, 0% to 20% in other stocks and stock-related securities, 0% to 20% in debt securities and money market instruments (including cash and cash equivalents, liquidity units and overnight securities). mutual funds), and 0-10% in REIT and InvIT shares. Read also | Cheaper than coffee! Radhika Gupta claims Edelweiss mutual fund accepts SIP of Rs 100
“The Indian government’s ambitious target of achieving $2 trillion in annual exports by 2030 underlines the country’s commitment to expanding its international trade presence. Our strength in skilled manpower and focus on supply chain diversification coupled with reforms and incentives enhance our competitive advantage in global markets. Exports are an ever-evolving opportunity for the country, helping businesses improve productivity and efficiency and generate foreign exchange reserves for the country. Overall, India is well positioned to tap this potential, support economic development and foster growth,” said Kailash Kulkarni, CEO, HSBC Mutual Fund.
“Stocks will be selected based on multiple criteria including company fundamentals, industry structure, relative strength of the company compared to peers, quality of management, sensitivity to economic factors, financial strength of the company, key earnings drivers and valuation. We believe this, coupled with our bottom-up approach to investing, can help generate alpha over the medium to long term for our prospective investors,” said Venugopal Manghat, CIO – Equities, HSBC Mutual Fund.
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