HSBC Multi Asset Allocation Fund Direct Growth

HSBC Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 28 February, 2024. The fund is managed by Cheenu Gupta, Kapil Punjabi, Sonal Gupta. This fund gives you the benefit of diversification.

1. HSBC Multi Asset Allocation Fund Direct Growth has ₹2226 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.5.
   

HSBC Multi Asset Allocation Fund Direct Growth has given a CAGR return of 11.56% since inception.

HSBC Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Corporate, Government, Consumer Cyclical, Financial Services, Real Estate, Tech, Utilities, Communication, Health.

As it is a multi asset allocation 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 aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. HSBC Multi Asset Allocation Fund Direct Growth has no lock in period.