Latest News | HSBC Mutual Fund Launches New Offering Focussed on Multi Asset Allocation

New Delhi, Feb 6 (PTI) HSBC Mutual Fund on Tuesday announced the launch of new fund offering (NFO) for an open-ended scheme focussed on multi asset allocation.

The fund aims to invest the corpus in equity and equity-related instruments, debt and money market securities and gold/silver ETFs.

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It aims to generate long-term capital growth, help reduce volatility and offer diversification as well as invest across market caps based on prevailing valuation comfort, HSBC Mutual Fund said in a statement.

Multi asset allocation funds enable customers in diversification along with asset rebalancing, it said.

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The NFO opens on February 8 and closes on February 22 and will reopen on March 1, 2024.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)