HSBC Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme as “HSBC Fixed Term Series 129 (HFTS 129)”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Growth & Dividend Payout Option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the Plan with maturity period below 91 days will be benchmarked against CRISIL Liquid Fund Index, for Plan with maturity period of 91 days to 1100 days will be benchmarked against CRISIL Short Term Bond Fund Index and for Plan with maturity period of above 1100 days will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income instruments which mature on or before the maturity date of the plan.