HSBC Mutual Funds

By: Stephen Thiele

Break Studios Contributing Writer

Looking for information on HSBC mutual funds? HSBC mutual funds are handled by HSBC Asset Management, which is located in India. HSBC was founded in 1865 as the Hongkong and Shanghai Banking Corporation. HSBC mutual funds are sponsored by HSBC Securities and Capital Markets Private Limited, or HSCI for short. HSCI is an investment company that is a member of the Bombay Stock Exchange Limited and National Stock Exchange. HSBC is registered with the Securities and Exchange Board of India as a category I merchant banker.

HSBC Asset Management has offices across India that handle mutual funds. Locations of HSBC Asset Management offices include Bangalore, Kochi, Mumbai, and New Delhi. HSBC has over 100 million customers worldwide. In total, HSBC has offices in over twenty different countries and they manage approximately $426 billion in assets. The HSBC Asset Management portion of HSBC was founded in 1994 when they realized that they needed a global investment manager.

Mutual funds that are offered by HSBC include equity funds, balanced funds, gift funds, income funds, and money market funds. HSBC equity funds are long-term funds that carry a medium to high risk, while money market funds are short-term mutual funds that have a low to medium risk. HSBC mutual funds that are considered to be long-term generally have an investment period that is greater than five years in length. Popular HSBC equity funds that are offered by HSBC Asset Management include the India Opportunities Fund, the Dynamic Fund, and the Small Cap Fund.

Posted on: Sep. 09, 2010