Description
BSE notifies the merger of six schemes of HSBC Global Equity Climate Change Fund of Fund (transferor) into corresponding schemes of HSBC Global Emerging Markets Fund (transferee) on the BSE StAR MF Platform.
Summary
BSE has notified the merger of HSBC Global Equity Climate Change Fund of Fund into HSBC Global Emerging Markets Fund on the BSE StAR MF Platform. Six scheme variants (regular and direct plans across IDCW Reinvestment, IDCW Payout, and Growth options) are being transferred from the transferor fund to corresponding schemes of the transferee fund.
Key Points
- Six scheme variants of HSBC Global Equity Climate Change Fund of Fund are being merged into equivalent variants of HSBC Global Emerging Markets Fund.
- Both regular and direct plan options across Growth, IDCW Payout, and IDCW Reinvestment are covered.
- Each transferor scheme has a corresponding transferee scheme maintaining the same plan and option structure.
- The merger is applicable on the BSE StAR MF Platform.
Scheme Mapping
| Transferor ISIN | Transferor Scheme | Transferee ISIN | Transferee Scheme |
|---|---|---|---|
| INF336L01QA2 | HSBC Global Equity Climate Change Fund of Fund – IDCW Reinvestment | INF336L01420 | HSBC Global Emerging Markets Fund – IDCW Reinvestment |
| INF336L01PZ1 | HSBC Global Equity Climate Change Fund of Fund – IDCW Payout | INF336L01438 | HSBC Global Emerging Markets Fund – IDCW Payout |
| INF336L01PY4 | HSBC Global Equity Climate Change Fund of Fund – Growth | INF336L01446 | HSBC Global Emerging Markets Fund – Growth |
| INF336L01PW8 | HSBC Global Equity Climate Change Fund of Fund – Direct IDCW Payout | INF336L01CH7 | HSBC Global Emerging Markets Fund – IDCW Payout Direct Plan |
| INF336L01PX6 | HSBC Global Equity Climate Change Fund of Fund – Direct Plan IDCW Reinvestment | INF336L01CI5 | HSBC Global Emerging Markets Fund – IDCW Reinvestment Direct Plan |
| INF336L01PV0 | HSBC Global Equity Climate Change Fund of Fund – Direct Plan Growth | INF336L01CJ3 | HSBC Global Emerging Markets Fund – Growth Direct Plan |
Regulatory Changes
No new regulatory framework is introduced. This circular operationalises a scheme merger under SEBI’s mutual fund regulations, updating ISIN mappings on the BSE StAR MF Platform from the transferor schemes to the corresponding transferee schemes.
Compliance Requirements
- Distributors, registrars, and platforms transacting on BSE StAR MF must update their systems to map the six transferor ISINs to the respective transferee ISINs.
- Existing SIPs, STPs, or standing instructions linked to transferor scheme ISINs should be re-mapped to the transferee scheme ISINs as per the merger terms.
Important Dates
- Circular date: 2026-02-24. Specific effective date of the merger is not mentioned in this circular; refer to the HSBC Mutual Fund scheme merger notice for exact cut-off and record dates.
Impact Assessment
Existing investors in HSBC Global Equity Climate Change Fund of Fund will have their holdings transferred to the corresponding HSBC Global Emerging Markets Fund scheme. The fund mandate will shift from a climate-change-themed global equity fund-of-funds to a broader global emerging markets fund. Investors should review the change in investment objective and risk profile before or after the merger takes effect. Platforms and intermediaries using BSE StAR MF must ensure ISIN mappings are updated promptly to avoid failed transactions.
Impact Justification
Operational change affecting existing investors in HSBC Global Equity Climate Change Fund of Fund; units will be transferred to corresponding HSBC Global Emerging Markets Fund schemes. Impacts only holders of the six specified ISINs and platforms processing transactions on BSE StAR MF.