HSBC Global Equity Climate Change Fund of Fund Direct Growth

HSBC Global Equity Climate Change Fund of Fund Direct Growth is an equity fund. This fund was started on 22 March, 2021. The fund is managed by Sonal Gupta, Kapil Punjabi. The fund could potentially beat inflation in the long-run.

1. HSBC Global Equity Climate Change Fund of Fund Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 1.4.
   

HSBC Global Equity Climate Change Fund of Fund Direct Growth has given a CAGR return of 1.50% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.41% and -1.44% respectively.

HSBC Global Equity Climate Change Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Tech, Consumer Cyclical, Basic Materials, Utilities, Health, Derivatives, Real Estate, Energy. Its top holdings are HSBC GIF Global Eq Climate Change JC

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds – Global Equity Climate Change (HGECC). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Global Equity Climate Change Fund of Fund Direct Growth has no lock in period.