{"id":3708,"date":"2022-11-15T09:38:21","date_gmt":"2022-11-15T09:38:21","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3708"},"modified":"2022-11-24T05:45:34","modified_gmt":"2022-11-24T05:45:34","slug":"lt-mutual-fund-hsbc-mutual-fund-are-merging","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/lt-mutual-fund-hsbc-mutual-fund-are-merging\/","title":{"rendered":"L&T Mutual Fund & HSBC Mutual Fund are merging"},"content":{"rendered":"

Under this merger, some schemes of both AMCs will be merged whilst some schemes will undergo a change in name.\u00a0\u00a0<\/span><\/p>\n

The date of this merger is 25th November, 2022.\u00a0<\/span><\/p>\n

Please refer to BSE circular links for notices issued by L&T AMC <\/span>here<\/span><\/a> and HSBC <\/span>here<\/span><\/a> for further details of the merger.<\/span><\/p>\n

Below is the list of funds being merged from both the AMCs:<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr. No.<\/b><\/td>\nL&T MF Scheme or HSBC MF Scheme proposed to be merged (\u201cTransferor Scheme\u201d)<\/b><\/td>\nHSBC MF Scheme or L&T MF Scheme with which Transferor Scheme is proposed to be merged (\u201cTransferee Scheme\u201d)<\/b><\/td>\nProposed New Name of the Transferee Scheme (\u201cSurviving Scheme\u201d)<\/b><\/td>\n<\/tr>\n
1<\/span><\/td>\nL&T India Large Cap Fund<\/span><\/td>\nHSBC Large Cap Equity Fund<\/span><\/td>\nHSBC Large Cap Fund<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\nHSBC Small Cap Equity Fund<\/span><\/td>\nL&T Emerging Businesses Fund<\/span><\/td>\nHSBC Small Cap Fund<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\nL&T Flexicap Fund<\/span><\/td>\nHSBC Flexi Cap Fund<\/span><\/td>\nHSBC Flexi Cap Fund<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\nL&T Focused Equity Fund<\/span><\/td>\nHSBC Focused Equity Fund<\/span><\/td>\nHSBC Focused Fund<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\nHSBC Infrastructure Equity Fund<\/span><\/td>\nL&T Infrastructure Fund<\/span><\/td>\nHSBC Infrastructure Fund<\/span><\/td>\n<\/tr>\n
6<\/span><\/td>\nHSBC Midcap Fund<\/span><\/td>\nL&T Midcap Fund<\/span><\/td>\nHSBC Midcap Fund<\/span><\/td>\n<\/tr>\n
7<\/span><\/td>\nL&T Large and MidCap Fund<\/span><\/td>\nHSBC Large & Mid Cap Equity Fund<\/span><\/td>\nHSBC Large & Mid Cap Fund<\/span><\/td>\n<\/tr>\n
8<\/span><\/td>\nL&T Liquid Fund<\/span><\/td>\nHSBC Cash Fund<\/span><\/td>\nHSBC Liquid Fund<\/span><\/td>\n<\/tr>\n
9<\/span><\/td>\nL&T Overnight Fund<\/span><\/td>\nHSBC Overnight Fund<\/span><\/td>\nHSBC Overnight Fund<\/span><\/td>\n<\/tr>\n
10<\/span><\/td>\nL&T Ultra Short Term Fund<\/span><\/td>\nHSBC Ultra Short Duration Fund<\/span><\/td>\nHSBC Ultra Short Duration Fund<\/span><\/td>\n<\/tr>\n
11<\/span><\/td>\nHSBC Low Duration Fund<\/span><\/td>\nL&T Low Duration Fund<\/span><\/td>\nHSBC Low Duration Fund<\/span><\/td>\n<\/tr>\n
12<\/span><\/td>\nHSBC Corporate Bond Fund & HSBC Flexi Debt Fund<\/span><\/td>\nL&T Flexi Bond Fund<\/span><\/td>\nHSBC Dynamic Bond Fund<\/span><\/td>\n<\/tr>\n
13<\/span><\/td>\nHSBC Short Duration Fund<\/span><\/td>\nL&T Short Term Bond Fund<\/span><\/td>\nHSBC Short Duration Fund<\/span><\/td>\n<\/tr>\n
14<\/span><\/td>\nL&T Conservative Hybrid Fund<\/span><\/td>\nHSBC Regular Savings Fund<\/span><\/td>\nHSBC Conservative Hybrid Fund<\/span><\/td>\n<\/tr>\n
15<\/span><\/td>\nHSBC Equity Hybrid Fund<\/span><\/td>\nL&T Hybrid Equity Fund<\/span><\/td>\nHSBC Aggressive Hybrid Fund<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note:<\/b><\/p>\n

    \n
  1. We will be pausing the investment on \u2018<\/span>Transferor<\/span> scheme\u2019 after market hours on 21st November 2022.\u00a0<\/span><\/li>\n
  2. We will be deleting the SIP for the \u2018<\/span>Transferor<\/span> scheme\u2019 after market hours on 21st November <\/span>2022. You can create a new SIP in the Transferee scheme\u2019 after the merger date.\u00a0<\/span><\/li>\n
  3. Date of this merger is 25th November, 2022.\u00a0<\/span><\/li>\n<\/ol>\n

    Schemes with Change in Names along with changes in fundamental attributes\u00a0<\/b><\/p>\n

    L&T MF Schemes where name change is proposed along with changes in fundamental attributes\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Sr. No.<\/b><\/td>\nExisting L&T MF Scheme<\/b><\/td>\nProposed new name of the scheme<\/b><\/td>\n<\/tr>\n
    1<\/span><\/td>\nL&T Resurgent India Bond Fund<\/span><\/td>\nHSBC Medium Duration Fund<\/span><\/td>\n<\/tr>\n
    2<\/span><\/td>\nL&T Banking and PSU Debt Fund<\/span><\/td>\nHSBC Banking and PSU Debt Fund<\/span><\/td>\n<\/tr>\n
    3<\/span><\/td>\nL&T Gilt Fund<\/span><\/td>\nHSBC Gilt Fund<\/span><\/td>\n<\/tr>\n
    4<\/span><\/td>\nL&T Money Market Fund<\/span><\/td>\nHSBC Money Market Fund<\/span><\/td>\n<\/tr>\n
    5<\/span><\/td>\nL&T Arbitrage Opportunities Fund<\/span><\/td>\nHSBC Arbitrage Fund<\/span><\/td>\n<\/tr>\n
    6<\/span><\/td>\nL&T Equity Savings Fund<\/span><\/td>\nHSBC Equity Savings Fund<\/span><\/td>\n<\/tr>\n
    7<\/span><\/td>\nL&T India Value Fund<\/span><\/td>\nHSBC Value Fund<\/span><\/td>\n<\/tr>\n
    8<\/span><\/td>\nL&T Business Cycles Fund<\/span><\/td>\nHSBC Business Cycles Fund<\/span><\/td>\n<\/tr>\n
    9<\/span><\/td>\nL&T Triple Ace Bond Fund<\/span><\/td>\nHSBC Corporate Bond Fund<\/span><\/td>\n<\/tr>\n
    10<\/span><\/td>\nL&T Tax Advantage Fund<\/span><\/td>\nHSBC ELSS Fund<\/span><\/td>\n<\/tr>\n
    11<\/span><\/td>\nL&T Balanced Advantage Fund<\/span><\/td>\nHSBC Balanced Advantage Fund<\/span><\/td>\n<\/tr>\n
    12<\/span><\/td>\nL&T Credit Risk Fund<\/span><\/td>\nHSBC Credit Risk Fund<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Schemes with Change in Names along with no changes in fundamental attributes<\/b><\/p>\n

    L&T MF Schemes where name change is proposed along with no changes in fundamental attributes:<\/span><\/p>\n\n\n\n\n\n
    Sr. No.<\/b><\/td>\nExisting L&T MF Scheme<\/b><\/td>\nProposed new name of the scheme<\/b><\/td>\n<\/tr>\n
    1<\/span><\/td>\nL&T Nifty 50 Index Fund<\/span><\/td>\nHSBC Nifty 50 Index Fund<\/span><\/td>\n<\/tr>\n
    2<\/span><\/td>\nL&T Nifty Next 50 Index Fund<\/span><\/td>\nHSBC Nifty Next 50 Index Fund<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    What Does The Merger Mean For Investors?<\/b><\/p>\n

      \n
    1. No action needs to be taken by investors if they agree to the proposed change.<\/span><\/li>\n
    2. If investors do not wish to consent to the above-mentioned changes, you are entitled to exit the investment without any exit load till <\/span>3:00 pm, 21st November 2022. <\/span>\u00a0<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      Under this merger, some schemes of both AMCs will be merged whilst some schemes will undergo a change in name.\u00a0\u00a0 The date of this merger is 25th November, 2022.\u00a0 Please refer to BSE circular links for notices issued by L&T AMC here and HSBC here for further details of the merger. Below is the listContinue reading “L&T Mutual Fund & HSBC Mutual Fund are merging”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[26,28,25,27,29],"class_list":["post-3708","post","type-post","status-publish","format-standard","hentry","category-announcements","tag-hsbc","tag-hsbc-amc","tag-lt","tag-lt-amc","tag-lt-merger"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3708"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}