Description
BSE notifies the merger of 6 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 (covering Growth, IDCW Payout, IDCW Reinvestment under both Regular and Direct plans) are being transferred from the transferor fund to corresponding schemes in the transferee fund, with new ISINs assigned.
Key Points
- Six scheme variants of HSBC Global Equity Climate Change Fund of Fund are being merged into HSBC Global Emerging Markets Fund.
- The merger covers Regular Plan (Growth, IDCW Payout, IDCW Reinvestment) and Direct Plan (Growth, IDCW Payout, IDCW Reinvestment) variants.
- Each transferor ISIN is mapped to a specific transferee ISIN on the BSE StAR MF Platform.
- Participants on BSE StAR MF must update their systems to reflect the new ISIN mappings post-merger.
Regulatory Changes
No new regulatory framework is introduced. This circular implements a fund house-level scheme merger as approved by SEBI/AMFI, requiring BSE StAR MF Platform participants to transition to updated ISINs for the affected schemes.
Compliance Requirements
- Mutual fund distributors, RTAs, and other participants on BSE StAR MF Platform must update ISIN references from the transferor schemes to the corresponding transferee schemes.
- Any pending transactions or SIP mandates linked to the transferor ISINs should be remapped to the transferee ISINs as per the merger timeline communicated by HSBC Mutual Fund.
Important Dates
- Circular Date: 2026-02-24
- Effective merger date to be confirmed by HSBC Mutual Fund’s scheme merger notice (not specified in this circular).
Impact Assessment
| Transferor ISIN | Transferor Scheme | Transferee ISIN | Transferee Scheme |
|---|---|---|---|
| INF336L01QA2 | HSBC Global Equity Climate Change FOF – IDCW Reinvestment | INF336L01420 | HSBC Global Emerging Markets Fund – IDCW Reinvestment |
| INF336L01PZ1 | HSBC Global Equity Climate Change FOF – IDCW Payout | INF336L01438 | HSBC Global Emerging Markets Fund – IDCW Payout |
| INF336L01PY4 | HSBC Global Equity Climate Change FOF – Growth | INF336L01446 | HSBC Global Emerging Markets Fund – Growth |
| INF336L01PW8 | HSBC Global Equity Climate Change FOF – Direct IDCW Payout | INF336L01CH7 | HSBC Global Emerging Markets Fund – IDCW Payout Direct Plan |
| INF336L01PX6 | HSBC Global Equity Climate Change FOF – Direct IDCW Reinvestment | INF336L01CI5 | HSBC Global Emerging Markets Fund – IDCW Reinvestment Direct Plan |
| INF336L01PV0 | HSBC Global Equity Climate Change FOF – Direct Growth | INF336L01CJ3 | HSBC Global Emerging Markets Fund – Growth Direct Plan |
Impact is limited to investors and distributors holding units in the transferor schemes. Post-merger, all holdings will be reflected under the transferee scheme ISINs. No direct equity market impact is expected.
Impact Justification
Operational update for mutual fund distributors and investors on BSE StAR MF platform; affects ISIN mappings for 6 HSBC scheme variants but is a routine fund merger with no broader market impact.