The objective of the Scheme is to generate capital appreciation and income by investing in equity and equity related instruments, arbitrage opportunities and fixed income instruments (including debt, government securities and money market instruments).
Benchmark:
NIFTY 500
Fund Manager:
Sorbh Gupta, Ilesh Savla, Siddharth Chaudhary
Sundaram Equity Savings Fund | 8.75(1Y) | 13.02(3Y) |
HSBC Equity Savings Fund | 8.92(1Y) | 14.25(3Y) |
The fund house's first offering in this category and it seems they have started looking at the core bank deposit audience.
Fund House AAUM:
2410952.899(Rs.in lakhs)
Fund Manager:
Combined experience of above 16 years
Being such a late entrant always has its pluses and minuses but the category has the potential to be a huge one. I would wait and watch to see how the scheme does before investing.