HSBC MF files offer document -HSBC Fixed Term Series 59-65 (HFTS 59-65)

30 Apr 2008 | 11:36 HSBC MF files offer document
Name of Fund: HSBC Fixed Term Series 59-65 (HFTS 59-65)

Scheme: It is a close-ended income scheme with seven plans.

Objective: The investment objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the respective plan.

Plans: Each series has two plans Regular Plan and Institutional Plan

Investment Options: Investors will have a choice of two options under each plan viz. growth option and dividend option offers dividend re-investment facility.

Maturity of the Plans: The seven plans viz HSBC Fixed Term Series 59 to 65 will be for fixed term of 90 days (one Plan), 6 months (two Plans), 1 year (four plans) from the date of allotment.

Asset Allocation: The fund will invest upto 100% in money market instruments (including CBLO & reverse repo). Upto 100% in short term and medium term debt instruments and securitized.

If the Plan decides to invest in securitised debt, it is the intention of the Investment manager that such investments will not normally exceed 50% of the corpus of the scheme/ plan(s). No investments shall be made in foreign securitised debt.

Face Value: Rs 10

Load structure:

Particulars (as % of NAV)

HSBC Fixed Term Series

Sales Load (Entry Load)

Nil

Sales Load on issue of Units in lieu of Dividend (dividend reinvestment)

Nil

Repurchase / redemption Load (Exit Load):

Plan

Repurchase / redemption Load

1 year

2% if exited before maturity

6 months

1.5% if exited before maturity

90 days

0.5% if exited before maturity

No Exit Load on redemption / switch out of Units on the maturity date

Switchover Fee

As per the prevailing load structure of the Scheme

Application Amount: The minimum application amount per application for each series of HFTS will be Rs.10,000 in the Regular Option and Rs 1 crore in the Institutional Option. Minimum additional investment amount shall be Re. 1.

Target Amount: Minimum target amount Rs. 5 crore for each series.

Benchmark: Crisil Liquid Fund Index

Fund Manager: Alok Sahoo and Suyash Choudhary

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