Also, for dividend income more than Rs 5,000 in a financial year the fund house shall deduct a TDS of 10% on such income. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.Ģ. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.ġ. Indexation is a process of recalculating the purchase price after accounting for inflation into it. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.Ģ. If the investment is made before Apr 1, 2023:ġ. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate. If the investment is made after Apr 1, 2023:ġ. Tax Implications on HSBC CRISIL IBX Gilt June 2027 Index Fund Direct - IDCW need to be looked at in conjunction with each other to determine the quality of portfolio of a fund. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.ģ. Generally, securities with high maturity are more sensitive to interest rate changes. The Average Maturity of HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan is 3.85 years and Duration is 3.29 years. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The portfolio of the fund has securities with varying levels of maturities. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.Ģ. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Mn iPr22 H O MeO2C MeO 2 C O (2) IBX NEt,TMSCl,THF AcO Me Me MeO 2 C H H HO Me Me O NH 256 257 (3) Ac2O, Et3N 62 (3 Steps) Sespenine (200) SCHEME 2.65 Key. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. It is benchmarked against CRISIL IBX Gilt Index - June 2027.ġ. The investment objective of the fund is that " The Scheme seeks to provide returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Gilt Index - June 2027 before expenses, subject to tracking errors. HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan is Open-ended Target Maturity Debt scheme which belongs to HSBC Mutual Fund House.Ģ. HSBC Global Equity Climate Change FoF Direct-IDCWĪbout HSBC CRISIL IBX Gilt June 2027 Index Fund Direct - IDCWġ. and Trans Market Group Research (India) Pvt. Ltd., Edelweiss Asset Management Ltd., Edelweiss Securities Ltd. Ltd., he has worked with Taurus Asset Management Co. Prior to joining HSBC Asset Management (India) Pvt. Kapil Punjabi is MMS from Mumbai University. HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct - IDCW Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
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