HSBC Mutual Fund has declared the record date for declaration of dividend in three of its equity funds

Maharashtra, India -- (SBWIRE) -- 03/15/2010 -- HSBC Mutual Fund has announced the record date for declaration of dividend in three of its equity funds. The record date for the proposed dividend is 11 Dec 2009. All investors in the dividend option as on the record date will be eligible for the dividend, subject to availability of distributable surplus.

Quantum of dividend on a face value of Rs.10 per unit is
25 % i.e. Rs. 2.5 per unit for HSBC Equity Fund
10 % i.e. Re. 1 per unit for HSBC India Opportunities Fund
10 % i.e. Re. 1 per unit for HSBC Midcap Equity Fund

HSBC Mutual Fund endeavors to create wealth for its investors by delivering consistent returns over the medium to long term in a risk-controlled environment so as to limit the downside in an adverse market situation. Through our product range, we aim to be true to HSBC's reputation in India of being a provider of international quality investment products and services.

Vikramaaditya, Chief Executive Officer, HSBC Asset Management (India) Private Limited said "The announcement of dividends in three of our equity funds simultaneously emphasizes our commitment to generating wealth consistently over the long term for our investors"

Past performance may or may not be sustained in the future. Pursuant to payment of dividend, the NAV of the above scheme will fall to the extent of dividend distribution and statutory levy, if any.
ends/more

Media enquiries to Rajesh Joshi on 91 22 2268 1695 (rajeshjoshi@hsbc.co.in) or Daylon D'cruz (daylondcruz@hsbc.co.in) on 91 22 2268 1344.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Maharashtra, India -- (SBWIRE) -- 03/08/2010 -- HSBC Mutual Fund has announced the record date for declaration of dividend in its HSBC Tax Saver Equity Fund. The record date for the proposed dividend is 19 Feb 2010. All investors in the dividend option as on the record date will be eligible for the dividend, subject to availability of distributable surplus.

Quantum of dividend on a face value of Rs.10 per unit is 10 % i.e. Re. 1 per unit for HSBC Tax Saver Equity Fund

HSBC Mutual Fund endeavors to create wealth for its investors by aiming to deliver consistent returns over the medium to long term in a risk-controlled environment so as to limit the downside in an adverse market situation. Through a wide product range, the aim is to be true to HSBC's reputation in India of being a provider of international quality investment products and services.

Vikramaaditya, Chief Executive Officer, HSBC Asset Management (India), "The announcement of dividend in HSBC Tax Saver Equity Fund, along with the earlier declaration of dividends in three of our equity funds, in December 2009, emphasizes our commitment to generating wealth consistently over the long term for our investors"

Past performance may or may not be sustained in the future. Pursuant to payment of dividend, the NAV of the above scheme will fall to the extent of dividend distribution and statutory levy, if any.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Tushar Pradhan has joined as the new CIO of HSBC Mutual Fund. Tushar will be responsible for designing HSBC's investment activities and investment strategy. He has over 17 years of experience in fund management and is an MBA in Investment Finance from the University of Hartford, Connecticut, USA.

Mumbai, Maharashtra -- (SBWIRE) -- 06/30/2009 -- HSBC Asset Management (India) Private Limited today announced the appointment of Tushar Pradhan as CIO of HSBC Mutual Fund from June 15, 2009. As CIO, Tushar will be responsible for all investment activities and investment strategy.

Tushar has over 17 years of experience in fund management. He is an MBA in Investment Finance, having graduated from the University of Hartford, Connecticut, USA in 1992. He worked in the US for a couple of years before returning to India and has worked with HDFC Asset Management and more recently with AIG Global Asset Management.

Tushar's appointment strengthens further the well recognized investment team at HSBC Mutual Fund and reaffirms HSBC's commitment to its asset management business in India.

Vikramaaditya, CEO, HSBC Asset Management (India), said: "We welcome Tushar on board and are confident that he will play a key role in the continued growth of HSBC Mutual Fund. The mutual fund industry has huge potential in India and this key appointment underlines our commitment to become one of the leading asset management companies in India. "

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm