HSBC investment launches Capital Guard Portfolio

New Delhi, July 11 (UNI) HSBC Investments India today launched the HSBC Capital Guard Portfolio under its Portfolio Management Services business, with a 100 per cent capital protection at maturity and up to 100 per cent initial equity exposure.

The scheme also has a profit lock-in mechanism. The objective of the portfolio is to preserve the entire initial capital while retaining the flexibility to participate in an equity market rally, said a statement.

This is the first capital guaranteed portfolio launched by HSBC Investments in India, carrying a guarantee from HSBC Bank plc, UK.

The product has been designed in collaboration with Sinopia, the active quantitative fund management specialist of the HSBC Group.

''We are drawing on the vast international expertise of the HSBC Group in the structuring and ongoing management of the HSBC Capital Guard Portfolio. This should provide great comfort to our local investors and is likely to add to the attractiveness of our product offering,'' said HSBC Investments India Chief Executive Officer Sanjay Prakash.

The portfolio will have a four year tenure with capital guarantee on maturity. The investor will have an option to exit, subject to exit charges, before the maturity of the portfolio.

The portfolio will not accept any fresh subscriptions post launch. The portfolio will be open for subscription from July 2, 2007 to July 20, 2007. The minimum investment amount is Rs 25 lakh.

UNI