HSBC Asset Management India Pvt Ltd has mopped up subscriptions in excess of Rs 800 crore against its maiden public offering of mutual fund (MF) schemes.
The four schemes, launched simultaneously, were open for subscription between November 14 and December 2.
According to Sanjay Prakash, chief operating officer of the AMC, around 45 per cent of the subscriptions are from retail investors, while the remaining is from institutional investors.
Broadly of the Rs 806 crore received, Rs 36 crore has flowed into the equity scheme, while the income fund has garnered Rs 351 crore. The institutional plan - meant only for institutional investors - managed to attract money worth Rs 312 crore, while the remaining Rs 108 crore went into the cash fund.
Prakash said that some portion of their parent bank
