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HSBC GIF Indian Equity Class BC - Accumulation (GBP)

Sell:3,021.10p Buy:3,021.10p Change: 39.70p (1.33%)
Prices as at 8 October 2024
Sell:3,021.10p
Buy:3,021.10p
Change: 39.70p (1.33%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 8 October 2024
Sell:3,021.10p
Buy:3,021.10p
Change: 39.70p (1.33%)
Prices as at 8 October 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 5.00%
Initial saving from HL: 5.00%
Net initial charge: 0.00%
HL dealing charge: Free
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.15%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.15%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 1.15%)
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 1.15%)
Class BD - Income (GBP) (Net ongoing charge 1.15%)
Class BD - Income (USD) (Net ongoing charge 1.15%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 4 March 1996
Sector: Specialist
Fund size: $1,416 million
Number of holdings: 60
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 16:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

08/10/19 to 08/10/20 08/10/20 to 08/10/21 08/10/21 to 08/10/22 08/10/22 to 08/10/23 08/10/23 to 08/10/24
Annual return -3.52% 43.41% 7.22% 3.27% 20.73%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The sub-fund aims to provide long-term total return by investing in a portfolio of Indian equities.The sub-fund invests, in normal market conditions, a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, or carry out the larger part of their business activities in, India.When making new investments or reallocating the portfolio, the sub-fund will invest directly in equities and equity equivalent securities of companies which are domiciled in India and the sub-fund will no longer increase its holdings in the Subsidiary (as defined below). Holdings in the Subsidiary may decrease. During a transitional period, which is expected to begin in May 2016 and to be complete by the end of October 2016, the sub-fund will divest its holdings in the Subsidiary in order to reinvest these assets directly.The sub-fund normally invests across a range of market capitalisations.The sub-fund will not invest more than 30% of its net assets in a combination of participation notes and convertible securities.The sub-fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the sub-fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the sub-fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest. Mauritius Subsidiary HSBC GIF Mauritius Limited, HSBC Centre, 18 Cyber City, Ebene, Mauritius (the "Subsidiary") is a Mauritian company wholly-owned by the Company.

Income Details

Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 6 July 2025
Payment date: 27 July 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
HDFC BANK LIMITED 7.84%
RELIANCE INDUSTRIES LIMITED 7.13%
LARSEN & TOUBRO LIMITED 5.62%
DLF LTD 4.24%
ICICI BANK LIMITED 3.98%
INFOSYS LTD 3.88%
SUN PHARMACEUTICAL INDUSTRIES LIMITED 3.58%
PB FINTECH LTD 2.87%
JINDAL STEEL & POWER 2.72%
HSBC Global Liquidity Funds PLC 2.62%
Sector Weight
Banks 20.10%
Software & Computer Services 11.86%
Construction & Materials 9.59%
Non-Renewable Energy 7.13%
Pharmaceuticals & Biotechnology 6.87%
Real Estate Investment & Services 6.13%
Industrial Metals & Mining 3.73%
Personal Care, Drug & Grocery Stores 3.67%
Automobiles & Parts 3.27%
Non-life Insurance 2.87%
Country Weight
India 95.77%
Managed Funds 2.62%
Non-Classified 2.41%
United States 1.31%
Cash and Equiv. -2.11%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 8 October 2024. Data provided by Broadridge, correct as at 30 June 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.