HSBC Mutual Fund launches HSBC Multi Asset Allocation Fund :

The scheme will be managed by Cheenu Gupta (for equity investments), Dipan Parikh (for gold/silver ETFs), Mahesh Chhabria (for debt investments), and Sonal Gupta (for foreign investments). It will be benchmarked against S&P BSE 200 TRI (65%) + Nifty Short Duration Debt Index (20%) +Domestic Price of Gold (10%) +Domestic Price of Silver (5%).

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