HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund collects over Rs 1,600 cr

HSBC Asset Management has said it has mobilised over Rs 1,600 crore through its recent New Fund Offer (NFO) of HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund (HGSF). The AMC said that this is amongst the largest collections in the target maturity fund category. The fund opened for investors on April 4.

Ravi Menon, CEO, HSBC AMC, said, “We’ve seen a tremendous response from our customers for the HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund. This is a testimony to the trust that our customers have reposed in our fund management capabilities and our ability to launch products to meet specific investor requirements.”

HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund is an open ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028. The scheme has a relatively high interest rate risk and relatively low credit risk. The fund aims to focus on the six year target maturity segment and gain from the current volatile outlook on long term securities.