The proposed name of the scheme will be HSBC Dividend Yield Equity Fund.
The proposed investment objective for the scheme is to generate dividend yield and capital appreciation by primarily investing into equities and equity related securities of domestic Indian companies. The scheme will invest 65 - 100 per cent in dividend yield focused equity and equity related instruments, 0 - 35 per cent in other equity and 0 - 10 per cent in debt and money market instruments.
Earlier the scheme used to provide long-term capital growth from a diversified portfolio of equity and equity related instruments. The scheme used to invest 65 - 100 per cent in equity or equity related instruments and 0 - 35 per cent in debt and money market instruments.
Existing investors, who do not wish to continue with the scheme, in view of the proposed change can exit from the scheme between June 02, 2014 and July 17, 2014.
The change will be effective from July 17, 2014.