New Delhi: HSBC Mutual Fund on Tuesday announced the launch of new fund offering (NFO) for an open-ended scheme focused on multi asset allocation. The fund aims to invest the corpus in equity and equity-related instruments, debt and money market securities and gold/silver ETFs.
It aims to generate long-term capital growth, help reduce volatility and offer diversification as well as invest across market caps based on prevailing valuation comfort, HSBC Mutual Fund said in a statement. Multi asset allocation funds enable customers in diversification along with asset rebalancing, it said. The NFO opens on February 8 and closes on February 22 and will reopen on March 1, 2024.