HSBC CRISIL IBX Gilt June 2027 Index Fund NFO: Everything you need to know

15 Mar 2023 , 02:31 PM

HSBC Mutual Fund is launching NFO under its “index fund category”, named as HSBC CRISIL IBX Gilt June 2027 Index Fund. This open-ended target maturity index fund to provide returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Gilt Index – June 2027 before expenses. However, there can be no assurance that the investment objective of the scheme would be achieved.

Investment strategy: The Scheme is a target maturity index fund which will employ an investment approach designed to track the performance of CRISILIBX Gilt Index – June 2027.  

Asset allocation: HSBC CRISIL IBX Gilt June 2027 Index Fund seeks to provide income generation with creation by investing in the instruments represented by CRISIL-IBX Gilt Index.

Who should invest?

Investors with moderate appetite and want to invest for 5 years in debt funds should invest in HSBC CRISIL IBX Gilt June 2027 Index Fund.

Risk associated: Moderate level of risk.

Benchmark: CRISIL-IBX Gilt Index – June 2027.

Fund Managers: Mr. Ritesh Jain and Mr. Kapil Lal Punjabi.

The NFO is available for subscription from March 6 to March 20. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HSBC CRISIL IBX Gilt June 2027 Index Fund.