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Tuesday Feb 07, 2023

HSBC Mutual Fund | HSBC Mutual Fund launches New Fund Offering (NFO) HSBC Multi Cap Fund

 

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New Delhi : Mutual Fund is a type of collective investment. Groups of investors invest together in stocks, short term investments or other securities. HSBC Mutual Fund today announced the launch of HSBC Multi Cap Fund, an open-ended equity scheme. Which will invest in all major Large Cap, Mid Cap and Small Cap. The New Fund Offering (NFO) will open on January 10, 2023 and close on January 24, 2023.

Let us tell you that the objective of HSBC Multi Cap Fund is to help investors in long term wealth creation by investing in equity and equity related investment instruments available in the market. Not only this, the investments made through the fund will have a minimum share of large, mid and small caps (at least 25% each) and the balance up to 25% will be allocated to equity or debt securities and capital market instruments Will go Keeping this framework in mind, the fund will be able to provide proper diversification to the investors.

It may be noted that HSBC Multi Cap Fund is managed by Venugopal Manghat, CIO – Equities, Sonal Gupta, Head, Research – Equity, and Kapil Punjabi, Sr. Vice President & Fund Manager – Fixed Income for Domestic Equities, Overseas Investments and Fixed Investments scheme respectively. Will do accordingly.

The unique investment strategy of the Fund will be as follows:

  • Focusing on a strong business with sustainable profits, strong earnings potential and reasonable valuations
  • Good stock selection and focus on strong franchises – This gives the portfolio an optimal mix of large, mid and small caps to deliver consistent performance at all times
  • Opportunity to offer greater diversification and potential to de-risk and outperform

HSBC Multi Cap Fund Advantages & Highlights:

  • Well researched large cap stocks with proven trading and track record have visible impact on earnings and help in wealth creation.
  • Mid cap stocks are generally priced and valued poorly as these stocks are relatively under-bought – thus offering immense growth potential.
  • Large opportunities through small caps as they may get discounted valuations due to less research/less buying.
  • Adopting a flexible strategy for total asset allocation helps as the fund can increase its exposure to a particular market cap or debt securities and capital markets when the market conditions are positive. This gives investors an opportunity to profit from different market conditions through the same fund.

Commenting on the launch of HSBC Multi Cap Fund, Kailash Kulkarni, Co-CEO, HSBC Asset Management (India) Pvt. India said, “With the launch of HSBC Multi Cap Fund, we are looking forward to providing investors with a wide range of portfolio across large cap, mid cap and small cap portfolio. Providing you an opportunity to get the benefits of investing in stocks. Investors get three benefits with a fund: large cap stocks have a low risk of negative returns or limited equity downside over long term, mid caps have tremendous potential for rapid growth and small caps have higher returns There is a chance to get It may be noted that investment in Mutual Funds is subject to market risks, read all scheme related documents carefully.

 

Sigachi Industries shares rose more than 19 percent on fund raising plan – Business News India


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Shares of Sigachi Industries, a company related to the pharmaceuticals industry, climbed more than 19% on Friday. In fact, the shares of Sigachi Industries gained momentum after the company announced a board meeting to raise funds through equity or convertible warrants. Shares of Sigachi Industries closed at Rs 329.35, up 19.70 per cent on the Bombay Stock Exchange (BSE) on Friday. The company’s shares also touched the upper circuit of 20% during the day’s trade.

Company’s board meeting to be held on January 10
The board meeting of Sigachi Industries will be held on Tuesday, January 10. The company said in a BSE filing, ‘The meeting will be held to consider the proposal for raising funds by issuing equity or convertible warrants to the promoters and non-promoters on a preferential basis.’ The market cap of Sigachi Industries is Rs 1012.5 crore. The 52-week high level of the company’s shares is Rs 411. At the same time, the 52-week low level of shares of Sigachi Industries is Rs 231.30.

Also read- The share came down from Rs 600 to Rs 10, now the price is continuously rising, upper circuit is engaged

Shares made the biggest one-day gain since listing
Shares of Sigachi Industries were listed on Nov 15, 2021. This is the biggest one-day jump in the company’s shares since listing. The company’s shares have recovered more than 40% from their 52-week low level of Rs 231.30. In the IPO of Sigachi Industries, the shares were issued at a price of Rs 163. The company raised Rs 125 crore through the initial stake sale. Further, Care Ratings has maintained the credit rating of the company with Single A minus rating on Thursday.

Also read- RBL Bank gave a big update on business, shares reached new high

Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.

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