HSBC Mutual Fund launches HSBC Consumption Fund

HSBC Mutual Fund has launched HSBC Consumption Fund, an open ended equity scheme following a consumption theme.

The new fund offer of the scheme is open for subscription and will close on August 24.

The performance of the scheme will be benchmarked against Nifty India Consumption Index TRI. The scheme will be managed by Gautam Bhupal, Sonal Gupta (for overseas investments).


The investment objective of the fund is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities.

The minimum application amount is Rs 5,000 per application and in multiples of Re 1 thereafter. Minimum application amount is applicable for switch-ins as well. The scheme will offer a regular plan and direct plan – with growth and IDCW options.

The scheme will invest 80-100% in equities & equity related securities of companies engaged in or expected to benefit from consumption and consumption related activities, 0-20% in equity and equity related securities of companies other than consumption and consumption related activities, 0-20% in debt securities & money market instruments (including cash & cash equivalents, units of liquid and overnight mutual funds), and 0-10% in units of REITs and InvITs.

The scheme will use a top down and bottom up approach to invest in equity and equity related instruments. Investments will be pursued in sectors engaged in or expected to benefit from consumption and consumption related activities based on the investment team’s analysis of drivers of growth of these sectors.

The scheme is suitable for investors who are seeking to create wealth over the long-term.