HSBC Asset Management Company India Pvt. Ltd (HSBC AMC India) today announced the launch of the HSBC Large and Mid Cap Equity Fund – an open-ended equity scheme that invests in both large cap and mid cap stocks. The fund will remain open for subscription till March 25. Open-ended fund is a type of mutual fund that can issue and redeem shares at any time. An investor will generally purchase units directly from the fund itself. Their units are not traded in stock exchange. Open ended mutual funds hold shares of listed companies.