HSBC AMC acquires L&T AMC

18 Oct 2022 , 01:48 PM

HSBC Asset Management receives SEBI approval to acquire L&T Investment Management with effect from end of November 2022.

Merger/consolidation of HSBC MF Schemes and L&T MF Schemes in the manner set out below (Merger/Consolidation of Schemes), along with changes to their fundamental attributes:

Transferor Scheme	Transferee Scheme	Surviving Scheme
HSBC Small Cap Equity Fund	L&T Emerging Businesses Fund	HSBC Small Cap Fund
HSBC Infrastructure Equity Fund	L&T Infrastructure Fund	HSBC Infrastructure Fund
HSBC Midcap Fund	L&T Midcap Fund	HSBC Midcap Fund
HSBC Low Duration Fund	L&T Low Duration Fund	HSBC Low Duration Fund
HSBC Corporate Bond Fund & HSBC Flexi Debt Fund	L&T Flexi Bond Fund	HSBC Dynamic Bond Fund
HSBC Short Duration Fund	L&T Short Term Bond Fund	HSBC Short Duration Fund
HSBC Equity Hybrid Fund	L&T Hybrid Equity Fund	HSBC Aggressive Hybrid Fund
L&T India Large Cap Fund	HSBC Large Cap Equity Fund	HSBC Large Cap Fund
L&T Flexicap Fund	HSBC Flexi Cap Fund	HSBC Flexi Cap Fund
L&T Focused Equity Fund	HSBC Focused Equity Fund	HSBC Focused Fund
L&T Large and Mid Cap Fund	HSBC Large & Mid Cap Equity Fund	HSBC Large & Mid Cap Fund
L& T Liquid Fund	HSBC Cash Fund	HSBC Liquid Fund
L&T Overnight Fund	HSBC Overnight Fund	HSBC Overnight Fund
L&T Ultra Short Term Fund	HSBC Ultra Short Duration Fund	HSBC Ultra Short Duration Fund
L&T Conservative Hybrid Fund	HSBC Regular Savings Fund	HSBC Conservative Hybrid Fund

Change in Fundamental Attribute of HSBC Mutual Fund Scheme

Category	Existing Name	New Name / Surviving Scheme
Medium to Long Duration	HSBC Debt Fund	HSBC Medium to Long Duration Fund

Change in Fundamental Attribute of L&T Mutual Fund Schemes (to be part of HSBC Mutual Fund) with effective date (to be announced)

Name of L&T MF Scheme proposed to be transferred	Scheme name post transfer to HSBC Mutual Fund
L&T Tax Advantage Fund	HSBC ELSS Fund
L&T India Value Fund	HSBC Value Fund
L&T Business Cycles Fund	HSBC Business Cycles Fund
L&T Balanced Advantage Fund	HSBC Balanced Advantage Fund
L&T Equity Savings Fund	HSBC Equity Savings Fund
L&T Arbitrage Opportunities Fund	HSBC Arbitrage Fund
L&T Money Market Fund	HSBC Money Market Fund
L&T Triple Ace Bond Fund	HSBC Corporate Bond Fund
L&T Banking and PSU Debt Fund	HSBC Banking and PSU Debt Fund
L&T Resurgent India Bond Fund	HSBC Medium Duration Fund
L&T Gilt Fund	HSBC Gilt Fund
L&T Credit Risk Fund	HSBC Credit Risk Fund

Change of name of L&T Mutual Fund schemes (to be part of HSBC Mutual Fund) with effective date (to be announced)

Name of L&T MF Scheme proposed to be transferred	Scheme name post transfer to HSBC Mutual Fund
L&T Nifty 50 Index Fund	HSBC Nifty 50 Index Fund
L&T Nifty Next 50 Index Fund	HSBC Nifty Next 50 Index Fund

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