HSBC Managed Solutions India Fund Direct Growth

HSBC Managed Solutions India Fund Direct Growth is a hybrid fund. This fund was started on 30 April, 2014. The fund is managed by Cheenu Gupta, Sonal Gupta. This fund gives you the benefit of diversification.

1. HSBC Managed Solutions India Fund Direct Growth has ₹42 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.
   

HSBC Managed Solutions India Fund Direct Growth has given a CAGR return of 14.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.48%, 15.64% and 17.24% respectively.

HSBC Managed Solutions India Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Industrial, Cash Equivalent, Corporate, Consumer Cyclical, Tech, Basic Materials, Health, Energy, Real Estate, Consumer Defensive, Utilities, Communication.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The objective of the Plan is to provide long term total return primarily by seeking capital appreciation through an active asset allocation with diversification commensurate with the risk profile of investments by investing in a basket of debt, equity, gold exchange traded funds (ETFs) and other ETFs, units of offshore mutual funds and money market instruments.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. HSBC Managed Solutions India Fund Direct Growth has no lock in period.