CEO Speak
November marks a new milestone in the Indian mutual fund industry as we are delighted to share with you the successful completion of integration of L&T Investment Management (LTIM) with HSBC AMC. This is significant not just because of the size of the merger, which is one of the largest so far in the Indian Mutual Industry, but also because this becomes a milestone in the growth journey of HSBC’s wealth management strategy and commitment in India. As a combined entity, we bring to you a wider and more competitive range of products and services. We strongly believe that with our increased reach, distribution network and world class processes, we will be able to give a richer experience to our investors and serve them better.
HSBC Mutual Fund will now offer 39 open ended funds (11 Equity, 13 Debt, 5 Hybrid, 3 Index and 7 Fund of Funds). Our distribution network encompasses leading banks, regional distributors, 55,000+ Mutual Fund Distributors (MFDs), as well as established digital platforms. Our geographic footprint covers 63 locations in 35 cities throughout India. Above all our combined and experienced team will be able to cater to the wealth management needs of our customers effectively.
The markets have scaled new heights in November and the mutual fund industry continues its growth trajectory. Retail investors understand the power of regular and periodic investments into the markets through the mutual fund route and many have seen wealth creation through the SIP (Systematic Investment Plans) mode as they have stayed invested through multiple cycles in the markets. We hope to see continued expansion of the retail investors segment in the country using mutual funds as one of their preferred instruments of savings and investments so as to aim to meet their financial goals and aspirations. We would like to ensure we are adequately addressing all your questions in detail and welcome your queries at investor.line@mutualfunds.hsbc.co.in. The necessary fund details and FAQs are available on our website Acquisition of lT Mutual Fund and our constant endeavour is to be close to you and serve you better.
As we move ahead in this exciting journey, we hope for your continued support and trust as the one thing that remains unchanged in the integrated teams is our focus on our investors. In the coming times, we would continue to bring to you the best of products and drive seamless customer experience. Our investment strategy continues to have the same discipline, rigour, and ethos in all our funds and the combined experience and expertise of our fund management teams will be only beneficial to our investors. As we usher in the new year, we look forward to exciting times ahead and thank you for being with us through this transition.
Season’s greetings to you and your family from all of us at HSBC Mutual Fund!
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