HSBC Mutual Fund has introduced an Institutional Plus Option in HSBC Cash Fund with effect from June 1, 2004. This new plan will be in addition to the existing retail and institutional plans under HSBC Cash Fund.
This plan is targeted exclusively at high net worth investors like institutions, corporates, partnetship firms, hindu undivided families, FIIs, Trusts etc. Therefore, the minimum amount required to invest in HSBC Institutional Plus has been pegged at Rs 20 crore. Investors can choose between dividend and growth sub-options.