HSBC Investments to launch tax saver equity fund

Mumbai, Nov 15: HSBC Investments will launch its Tax Saver Equity Fund (HTSF) on November 20 and the offer will close on December.

HSBC Investments Chief Executive Officer Sanjay Prakash told mediapersons here today ''The HSBC Tax Saver Equity Fund offers investors an opportunity to leverage benefits available under section 80 C of the Income Tax Act and at the same time capitalise on potential gains from equity exposure. "The Fund may also invest in Fixed income securities. The fund offers investors growth and dividend payout options. It will be made available at over 165 cities across India. The minimum amount required to be invested in the fund is Rs 500," he added.

UNI