HSBC plans capital protection fund

HSBC Investments is planning to launch a capital protection scheme once Sebi gives its approval.

"We have already filed our application (for the capital protection scheme) with Sebi and are awaiting approval. We have big plans on this front," Sanjay Prakash, CEO (India operations) of HSBC Investments, said today.

The company will use the expertise of Sinopia, a HSBC subsidiary  specialising in structured products, to launch the scheme, he added.