KOCHI: HSBC Investments, part of the HSBC Group, will launch HSBC Tax Saver Equity Fund on Monday. The fund offer will close on December 15.
The open-ended equity-linked savings scheme seeks to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies. The fund may also invest in fixed income securities.
The fund, to be made available at more than 165 cities across the country, will offer growth and dividend payout options. It will offer benefits under Section 80C of the Income Tax Act.
The minimum amount required to be invested in the fund is Rs.500, said a press release.