HSBC Mutual Fund Announces change in minimum investment amount for Systematic Investment Plan (SIP)

Published on Oct 11, 2023 11:58

HSBC Mutual Fund Announces that the minimum investment amount for Systematic Investment Plan (SIP) for Monthly frequency under all the plans and/or options of Open Ended Equity Schemes, Hybrid Schemes and Equity Index Schemes of HSBC Mutual Fund (`the Fund`) (Except HSBC ELSS Fund (HELF) (Formerly known as L&T Tax Advantage Fund)) shall stand revised as below with effect from October 9, 2023 (�Effective date�):

Frequency	Existing Provision (Minimum Application Amount)	Revised Provision (Minimum investment Amount)
For SIP with Monthly frequency	Minimum Investment Amount - Rs. 1000 and in multiples of Re.1 (Minimum Installment - 6)	Minimum Investment Amount per instalment - Rs. 500 and in multiples of Re.1, subject to total minimum investment of Rs. 6,000