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HSBC AMC acquires L&T AMC

Published on Oct 18, 2022 13:48

HSBC Asset Management receives SEBI approval to acquire L&T Investment Management with effect from end of November 2022.

Merger/consolidation of HSBC MF Schemes and L&T MF Schemes in the manner set out below ("Merger/Consolidation of Schemes"), along with changes to their fundamental attributes:

Transferor Scheme Transferee Scheme Surviving Scheme
HSBC Small Cap Equity Fund L&T Emerging Businesses Fund HSBC Small Cap Fund
HSBC Infrastructure Equity Fund L&T Infrastructure Fund HSBC Infrastructure Fund
HSBC Midcap Fund L&T Midcap Fund HSBC Midcap Fund
HSBC Low Duration Fund L&T Low Duration Fund HSBC Low Duration Fund
HSBC Corporate Bond Fund & HSBC Flexi Debt Fund L&T Flexi Bond Fund HSBC Dynamic Bond Fund
HSBC Short Duration Fund L&T Short Term Bond Fund HSBC Short Duration Fund
HSBC Equity Hybrid Fund L&T Hybrid Equity Fund HSBC Aggressive Hybrid Fund
L&T India Large Cap Fund HSBC Large Cap Equity Fund HSBC Large Cap Fund
L&T Flexicap Fund HSBC Flexi Cap Fund HSBC Flexi Cap Fund
L&T Focused Equity Fund HSBC Focused Equity Fund HSBC Focused Fund
L&T Large and Mid Cap Fund HSBC Large & Mid Cap Equity Fund HSBC Large & Mid Cap Fund
L& T Liquid Fund HSBC Cash Fund HSBC Liquid Fund
L&T Overnight Fund HSBC Overnight Fund HSBC Overnight Fund
L&T Ultra Short Term Fund HSBC Ultra Short Duration Fund HSBC Ultra Short Duration Fund
L&T Conservative Hybrid Fund HSBC Regular Savings Fund HSBC Conservative Hybrid Fund

Change in Fundamental Attribute of HSBC Mutual Fund Scheme

Category Existing Name New Name / Surviving Scheme
Medium to Long Duration HSBC Debt Fund HSBC Medium to Long Duration Fund

Change in Fundamental Attribute of L&T Mutual Fund Schemes (to be part of HSBC Mutual Fund) with effective date (to be announced)

Name of L&T MF Scheme proposed to be transferred Scheme name post transfer to HSBC Mutual Fund
L&T Tax Advantage Fund HSBC ELSS Fund
L&T India Value Fund HSBC Value Fund
L&T Business Cycles Fund HSBC Business Cycles Fund
L&T Balanced Advantage Fund HSBC Balanced Advantage Fund
L&T Equity Savings Fund HSBC Equity Savings Fund
L&T Arbitrage Opportunities Fund HSBC Arbitrage Fund
L&T Money Market Fund HSBC Money Market Fund
L&T Triple Ace Bond Fund HSBC Corporate Bond Fund
L&T Banking and PSU Debt Fund HSBC Banking and PSU Debt Fund
L&T Resurgent India Bond Fund HSBC Medium Duration Fund
L&T Gilt Fund HSBC Gilt Fund
L&T Credit Risk Fund HSBC Credit Risk Fund

Change of name of L&T Mutual Fund schemes (to be part of HSBC Mutual Fund) with effective date (to be announced)

Name of L&T MF Scheme proposed to be transferred Scheme name post transfer to HSBC Mutual Fund
L&T Nifty 50 Index Fund HSBC Nifty 50 Index Fund
L&T Nifty Next 50 Index Fund HSBC Nifty Next 50 Index Fund

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