HSBC Progressive Themes Fund

HSBC Progressive Themes Fund is being managed by Dhiraj Sachdev. The scheme will provide long term capital appreciation by investing in equity and equity related instruments and units issued by overseas mutual funds or unit trusts in India or in the emerging markets. The fund’s performance has been unimpressive. Existing investors should exit and new investors can skip this one.

Where does HSBC Progressive Themes Fund invest your money?

HSBC Progressive Themes Fund is an equity oriented mid cap fund which means most of your money will be invested in stocks of mid and small sized companies. Mid cap companies tend to give kicker returns while large cap companies are stable. Presently it has 11.48% allocation to large cap companies, 45.24% allocation to mid sized companies and 40.24% allocation to small cap companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child’s education
  • Child’s Marriage
  • Planning for retirement
  • Home Purchase
How has HSBC Progressive Themes Fund performed in the past?

If you invested Rs 1 lakh when the fund was launched in Sep 2006, your value of investment would be around to Rs 1.06 lakh. If you invested Rs 1 Lakh for 5 years you would have around Rs 68320 . The performance has not been similar to other funds in this category. 

Assume you had invested Rs 10,000 every month in HSBC Progressive theme Fund through SIP for 5 years today you would have around Rs 5.80 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of HSBC Progressive Themes Fund is 2.75%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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