HSBC Mutual Fund Launches HSBC Multi Asset Allocation Fund (HMAAF)

New Delhi: HSBC Mutual Fund has announced the launch of its latest offering, HSBC Multi Asset Allocation Fund (HMAAF). This open-ended scheme is designed to cater to investors looking for long-term wealth creation opportunities through a diversified portfolio of equities, debt and precious metals.

HMAAF aims to not only generate long-term capital growth but also reduce volatility and offer diversification. The New Fund Offer (NFO) for HMAAF is scheduled to launch on February 8, 2024, and is expected to close on February 22, 2024, and reopen on March 1, 2024.

Adopting an optimal multi-asset allocation investment strategy, HMAAF will adopt a flexicap approach, investing strategically across the market cap based on the prevailing valuation convenience. Managed by experienced professionals including Chinu Gupta, Deepan Parikh, Mahesh Chhabria and Sonal Gupta, the fund’s investment process will carefully consider factors such as business quality, competitive advantage, corporate governance track record and sustainability practices.

Multi asset allocation funds enable investors to diversify their portfolios by facilitating asset rebalancing, thereby ensuring timely adjustments to maintain a balanced investment approach. In 2023, multi asset allocation funds saw significant inflows, underscoring their appeal as a broad and dynamic investment strategy.

HMAAF’s investment strategy will involve a blended approach, combining top-down and bottom-up approaches and emphasizing both growth and value investing. To spread risk and optimize performance, the fund will allocate its assets across three major classes: equities, debt and money market securities, and gold/silver.

Commenting on the launch, Kailash Kulkarni, CEO, HSBC Asset Management Company (India) Pvt. Ltd. Ltd. highlighted the importance of a multi asset allocation strategy to deal with market volatility and achieve risk-adjusted growth in the long run.

Venugopal Mangat, CIO-Equity, HSBC Asset Management (India) Pvt. Ltd emphasizes the flexibility of multi asset allocation to deal with volatility and achieve return optimization over time.

With more than Rs. With assets under management (AUM) of Rs 1 lakh crore as of December 31, 2023, HSBC Mutual Fund serves as a trusted investment partner across 65 cities with over 42 open-ended funds to meet the diverse needs and goals of investors. Standing in. Offers a wide range of finished funds.