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Showing posts with the label HSBC Equity

Mutual Funds Pick

The Hindu Busienss Line HSBC Equity: Invest Investors seeking exposure to large-cap stocks can consider investing in HSBC Equity. The fund has built a strong track record over the last five years, when bulls have ruled the roost. HSBC Equity has delivered an annualised return of 55 per cent and figures in the top ten of fund rankings. Its performance in 2006 and 2007 has not been as impressive as peers DSPML Top 100 Equity and Birla Sun Life Frontline Equity. But the fund is a fairly consistent performer, having outperformed the Nifty in four out of five years and has a demonstrated ability to contain downside during market corrections. Investors can utilise market dips to add to their exposures in the fund. Suitability: HSBC Equity is a predominantly large-cap fund and tends to stick to its mandate more strictly than most diversified equity funds. Only about 15 per cent of its assets are invested in stocks with a market capitalisation of less than Rs 10,000 crore. HSBC Equity tends to...