HSBC Asset Management has introduced the launch of HSBC Focused Equity Fund (HFEF) – an open-ended equity scheme investing in most 30 shares throughout market caps. The NFO will open on July 1 and shut for subscription on July 15.

According to the pres launch shared by the fund home, the fund goals to hunt long run capital development by constructing a concentrated portfolio of fairness & fairness associated devices of 30 firms throughout large-cap, mid-cap and small-cap classes with a sector agnostic method. HSBC Focused Equity Fund will observe BSE 200 Index TRI Benchmark and shall be co-managed by Neelotpal Sahai, Head of Equities, HSBC AMC and Gautum Bhupal, Fund Manager, HSBC AMC.

The scheme could have a concentrated portfolio as much as 30 firms throughout market capitalization. The scheme shall be sector and market-cap agnostic.

“We do believe that companies with market leadership, niche product positioning, scale and competitive advantages will tend to benefit more going forward and are likely to outperform across cycles. These current opportunities are sector as well as market cap agnostic in nature. With a concentrated portfolio strategy, we are confident that this fund has the potential to outperform, whilst helping customers to create wealth,” Ravi Menon, CEO, HSBC AMC mentioned.

Talking concerning the fund’s funding technique Neelotpal Sahai, Head of Equities, HSBC AMC mentioned, “HSBC Focused Equity Fund aims to build a concentrated portfolio through bottom-up implementation of stock ideas and top down approach for prudent risk control. While investing in a company, the fund will focus on the fundamentals of the business including profitability, industry structure, quality of management, sensitivity to economic factors, financial strength of the company, valuation and key earnings drivers.”