HSBC Large Cap Equity Fund Growth
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- Fund Summary
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||10%|
|Reliance Industries Ltd||9.49%|
|ICICI Bank Ltd||8.84%|
|Hindustan Unilever Ltd||6.15%|
|Kotak Mahindra Bank Ltd||4.65%|
|Housing Development Finance Corp Ltd||4.56%|
|Maruti Suzuki India Ltd||4.54%|
|Bharti Airtel Ltd||4.47%|
|Tata Consultancy Services Ltd||3.74%|
About HSBC Large Cap Equity Fund
HSBC Large Cap Equity Fund is an open-ended scheme which invests in equities and equities related securities of large cap companies. The fund invests without exposing the assets to excessive risks. Formerly known as HSBC Equity Fund, the scheme aims to generate returns and capital appreciation over medium and long-term investment horizons.
Pros & Cons of Large Cap Equity Fund
HSBC Large Cap Equity Fund offers the following benefits: 1. Investments in large cap funds are at lower risks when compared with medium or small cap companies. 2. The fund focuses on companies with strong fundamentals & valuation which using proprietary research to select companies. 3. However, the recent returns are lower than the average category returns.
Fund Information and Statistics of Large Cap Equity Fund
i) Inception/ Launch date
HSBC Large Cap Equity Fund was launched on December 10, 2002, by HSBC Global Asset Management.
ii) Risk level
Investment in the HSBC Large Cap Equity Fund are at moderately high-risk and suitable for investors with a medium-term to long-term investment horizon.
Redemption of Units will be done at applicable NAV prices on every business day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 3 business days.
iv) Fund Manager
The fund is managed by Mr Neeloptal Sahai since May 27, 2013. He is B.tech & PGDM and has worked with IDFC investments prior to joining HSBC.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed after one year from the date of allotment. However, 1% exit load is charged if redeemed before one year.
Tax benefits of investing in Large Cap Equity Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gain, in excess of Rs 1 lakh, are taxed at 10% if sold after one year. Dividend distribution tax is applicable. 10% tax will be deducted at source for dividends.
About HSBC Global Asset Management
HSBC Global Asset Management was formed in 1973 and the company has been working in many countries ever since. The fund house strives to help clients meet their investment goals by delivering tailored expertise. The company believes in a responsible approach and a strong governance framework.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns