NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹12.49
-1.98%
NAV as on 18 Dec 24, 12:00 AM
very high risk
multi asset allocation
equity
NAV as on 18 Dec 24, 12:00 AM
very high risk
multi asset allocation
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
18.76%p.a.
Since Inception
About HSBC Multi Asset Allocation Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the HSBC Multi Asset Allocation Fund Growth scheme from HSBC Asset Management (India) Private Ltd. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Feb 2024, HSBC Multi Asset Allocation Fund Growth is Multi Asset Allocation fund of its category with 2,052.95 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- HSBC Multi Asset Allocation Fund Growth delivered 0.0% annual returns during the last year. It has delivered 18.8% average annual returns since the fund was launched.
- HSBC Multi Asset Allocation Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
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
Top 10 Holdings
Zomato Ltd
4.94%
Trent Ltd
4.30%
GE Vernova T&D India Ltd
3.74%
Transformers & Rectifiers (India) Ltd
3.53%
Suzlon Energy Ltd
3.49%
ICICI Pru Gold ETF
3.13%
Sobha Ltd
3.01%
Nippon India Silver ETF
2.88%
HDFC Gold ETF
2.77%
Nippon India ETF Gold BeES
2.73%
Fund Managers
- Kapil Punjabi (May 2024 - Present)
- Mahesh Chhabria (Feb 2024 - Present)
- Cheenu Gupta (Feb 2024 - Present)
- Sonal Gupta (Feb 2024 - Present)
- Dipan Parikh (Feb 2024 - Present)
Key Information
View Scheme Document
HSBC Multi Asset Allocation Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on HSBC Multi Asset Allocation Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in HSBC Multi Asset Allocation Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in HSBC Multi Asset Allocation Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
ICICI Prudential Multi-Asset Fund Growth
very high risk | equity
19.9%
Nippon India Multi Asset Allocation Fund Growth
very high risk | equity
15.6%
Aditya Birla Sun Life Multi Asset Allocation Fund Growth
very high risk | equity
0.0%
Frequently Asked Questions
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