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HSBC Mutual Fund Announces Dividend in four of its Equity Schemes

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HSBC Mutual Fund has announced the record date for the declaration of dividends in four of its equity schemes. The record date for the proposed dividend is 19 November 2010. All investors in the dividend option of these schemes, as on the record date will be eligible for the dividend, subject to availability of distributable surplus.

Quantum of dividend on a face value of Rs.10 per unit under the dividend option of the below schemes is as follows:
Rs. 2 per unit for HSBC Equity Fund
Re. 1per unit for HSBC Small Cap Fund
Rs. 2 per unit for HSBC Midcap Equity Fund
Re. 1 per unit for HSBC India Opportunities Fund

HSBC Mutual Fund endeavors to create wealth for its investors by delivering consistent returns over the medium to long term in a risk-controlled environment so as to limit the downside in an adverse market situation. It continues to leverage its global expertise and key focus on emerging markets to create consistent performance in its schemes over the long term. As a result, it has been able to announce dividends regularly in its equity schemes over the past few years.

Vikramaaditya, Chief Executive Officer, HSBC Asset Management (India) Private Limited said, “The announcement of dividends in four of our equity schemes simultaneously emphasizes our commitment towards long term performance as well as our continuous endeavor to generate wealth for our investors.”

Past performance may or may not be sustained in future.  Pursuant to payment of dividend, the NAV of the aforesaid schemes will fall to the extent of payout and statutory levy, if any.  Visit:- http://www.assetmanagement.hsbc.com/in for details

HSBC Asset Management (India) Private Limited With its head office in Mumbai, the company is part of the core global asset management business of the HSBC Group, trading worldwide as HSBC Global Asset Management. The company is the investment manager to HSBC Mutual Fund. HSBC Mutual Fund, launched in November 2002, held client assets of over Rs. 4770 Crores spread across 16  mutual fund schemes as at 30 September 2010. Its Portfolio Management Services business has been awarded the EPFO mandate for managing US $5 bn of provident fund monies for 2 years.  HSBC Asset Management (India) including the mutual fund business as well as the PMS business (including EPFO money deployed till date) manages assets of about Rs.43,946 Crores  as
at 30 September 2010. Visit http://www.assetmanagement.hsbc.com/in for details

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