‘HSBC Large & Midcap fund a good pick for investors’

Mumbai: Investors looking to invest in a mix of large and midcap stocks could consider allocating a small amount to the new fund offer of HSBC Large and Midcap Equity Fund, said advisors. But investors should first consider existing funds in the category, which have a track record, before looking at new funds, they said.

An open-end equity mutual fund scheme, the fund will invest in a mix of large and midcap stocks. The scheme will invest at least 35 per cent of its corpus in large-cap and midcap stocks each.

The NFO is currently open and will close on March 25 and investors can start with a minimum of Rs 5,000.


Fund managers say they believe that with the economy on a recovery path, there is a potential for both large cap and midcap stocks to perform.

Since midcap stocks have been beaten over the last year, they could bounce back faster and a portfolio of large and mid cap stocks could give decent returns.

“Power of consistent large Caps and potential of growing mid caps can be a winning combination,” says Tushar Pradhan, Chief Investment Officer, HSBC Mutual Fund.