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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
The scheme aims to generate long-term capital appreciation by investing in equity and equity-related securities of companies in the financial services industry. This will include both lending and non-lending sections.
Portfolio will cover banks, non-banking financial institutions, stockbroking firms, asset management companies, deposits, credit rating agencies, insurance providers, fintech firms and investment banking institutions.
Gautam Bhupal, Senior Vice President, Fund Management – Equity, HSBC Mutual Fund, Fund will be managed. The scheme will track BSE Financial Services Index TRAI as benchmarks. Kailash Kulkarni, CEO of HSBC Mutual Fund, highlighted India’s expected growth in the economic expansion of India.
He said, “India’s GDP is expected to grow from its current $ 3.4 trillion to 8.8 times by 2047. He said.
Venugopal Manghat, CIO-equity, HSBC Mutual Fund, stated that the fund would follow a structured investment approach.
“We aim to generate long -term alpha through disciplined stock selection, company analysis and portfolio monitoring. We will consider many factors, including industry trends, financial power, quality and evaluation,” he said.
By December 31, 2024, HSBC manages property worth 1.25 lakh crore.
The firm works at 64 places in India and provides 44 open-ended funds including equity, loans, hybrids and index funds.
(Tagstotransite) HSBC Financial Services Fund (T) HSBC Financial Services Fund NFO (T) Mutual Fund (T) HSBC Financial Services Fund NFO
