HSBC Mutual Fund launches HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund (HGSF)

HSBC Mutual Fund has launched HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund (HGSF), an open-ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028. The fund house says that the scheme has relatively high interest rate risk and relatively low credit risk.

According to the press release, HGSF with a mix of quality debt papers aims to provide better risk-adjusted performance and liquidity. The fund will be benchmarked against CRISIL IBX 50:50 Gilt Plus SDL Index - April 2028 and managed by Kapil Punjabi, SVP - Fund manager Fixed Income. The fund aims to focus on the six-year target maturity segment and gain from the current volatile outlook on long-term securities.

Commenting on the launch of the fund, Ravi Menon, CEO, HSBC AMC said, “HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund is ideal for investors who are looking for relatively low cost, minimal credit risk, high liquidity and tax efficient investment product. The fund is a passive fund tracking an index whose constituent parts comprise exclusively of Government of India securities and carefully selected highly liquid State Government securities. The fund is an open-ended fund with target maturity and provides better liquidity at a low cost.”


The fund will invest in government securities forming part of the GSec portion of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028, State Development Loans securities forming part of the SDL portion CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028. Apart from this, the scheme will also have an allocation to money market instruments including cash and cash equivalents (Treasury Bills, Government Securities with residual maturity of up to 1 year and Tri-Party Repos and any other like instrument as specified by the Reserve Bank of India from time to time).