HSBC Mutual Fund launches HSBC Ultra Short Duration Fund

NFO period: 14^th January – 28^th January, 2020

Highlights of the NFO:

• Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months


• Investment objective – The investment objective of the scheme is to provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking income over short term with low volatility. By investing in debt & money market instruments such that the Macaulay Duration of the portfolio is between 3 months- 6 months.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular and Direct Plan having Growth Option and Dividend Option (Payout and Reinvestment facility).


• Fund Manager – Kapil Punjabi


• Benchmark – CRISIL Ultra Short Term Debt Index