the asset - hsbc bank india€¦ · rbi'sfourthbi-monthlymonetarypolicyupdate...

The AssetFactsheet – September 2016

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Comparative Performance of Equity Schemes

HSBC MIP - Savings Plan

HSBC MIP - Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of MIP & Debt Schemes

Section II - How to read Factsheet

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18

RBI's fourth bi-monthly monetary policy update

Equity markets hit the pause button

Lower food prices have calming effect on inflation

Notwithstanding the market expectation, the Reserve Bank Of India (RBI) cut 25 basis points (bps) in policy rate due to the following factors:

Accommodative stance of monetary policy in consonance with the objective of achieving Consumer Price Index (CPI) inflation at

5% in Q4 of 2016-17

Momentum of food inflation turning negative

The new Monetary Policy Committee (MPC) brings to fore two important points viz (i) the real neutral rate may be considered at 1.25%; and

(ii) the committee will look at 4%+/-2% inflation target instead of 4% self-imposed target in 2018.

As stated in post policy press conference, the real interest rate may be at 1.25%. Liquidity stance is going to continue as stated by earlier

policy statements at neutral position. The policy actions can be traced back to RBI's view on the economy which is summarised in the

statement as below:

Revival of growth is expected to quicken with normal monsoon and stimulus to urban consumption through pay award.

Accommodative stance of monetary policy and comfortable liquidity condition should support revival of credit to productive sectors.

Liquidity conditions have remained comfortable in Q3, with RBI absorbing liquidity on net basis through variable rate

reverse repo auctions.

Merchandise exports contracted in the first two months of the quarter. Subdued domestic demand was however

reflected in faster contraction in imports, while the pace of FDI slowed compared to a year ago. Portfolio flows were stronger even after Brexit

vote as search for yield in negative yield world continued.

Stance of policy remains accommodative and RBI will continue to provide adequate liquidity. It will await space for policy action. The inflation

expectation for Q4 FY 17 is retained at 5% with a lower than earlier upside bias.

Equity markets appeared in a consolidation mode during September 2016, with the domestic benchmark indices snapping the positivemonthly momentum seen since the lows made during February 2016. Domestic market indices S&P BSE Sensex and Nifty 50 were down2.1% & 2% respectively, while the broader market indices S&P BSE Midcap & Smallcap indices continued to outperform the larger capindices at -0.4% & +1% respectively during the month.

Markets corrected in the last week of the month as the geo political balance in the region worsened. Though markets posted a recovery as thesituation didn't escalate immediately, but the geopolitical scenario should be watched closely in the context of short to medium term marketperformance.

The President of India approved the Goods and Services Tax (GST) bill after the same was ratified by the minimum requirement of 16 states.The GST Council also held its first meeting after the Presidential approval and were able to reach consensus on certain contentious issues.Despite being a stiff target, the government has stated its intent to do the GST roll-out by earlier planned timeline ofApril 01, 2017.

The South West Monsoon ended with 3% deficit (01 June 2016 – 28 September 2016) as against Indian Meteorological Department (IMD)forecast of 6% surplus owing to weaker rainfall in the second half of the season. Normal rainfall has come after 2 consecutive years of droughtand augurs well in terms of providing uplift to rural income levels.

The Voluntary Income Declaration Scheme which concluded on 30 September surpassed expectations with INR 652 billion (~USD 9.7billion) disclosed by 64,275 individuals during the 4 month window. These disclosures carry a penalty at 45% which will flow through to thegovernment coffers.

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Real economy:

Monetary economy:

External economy:

Economic Indicators

Retail inflation or CPI eased to 5.05% in August 2016 (6.07% in July 2016) on the back of lower food prices especially vegetables. Food

inflation rose 5.91% while vegetable prices declined 1.02% from a 14% rise in the previous month.

Wholesale inflation as represented by the wholesale price index (WPI), was 3.74% inAugust 2016 vis-à-vis 3.55% in July 2016. The increase

is largely due to base effect. This is a 2-year high for WPI on the back of pricier manufactured goods signaling superior pricing power for the

industry grappling with tepid demand. Prices of manufactured products, which account for nearly 65% weight in the WPI, increased 2.42%

(1.82% in July).

Core inflation (CPI inflation ex food and petrol) came in slightly higher at 4.7% (4.6% in the previous month).


01

Source: Bloomberg; Bombay Stock Exchange (BSE)

-2.5%

-2.0%

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

Sensex BSE100 BSE200 BSE500 BSEMidCap

BSESmallCap

Indices Performance - Sep 2016

April –August 2016 fiscal deficit at 76.4% of budget estimate

The fiscal deficit over April-August 2016 was pegged at 76.4% of the budget estimate (66.5% in FY2016). The widening of the fiscal deficit is linked

mainly to a lag in revenue collection, which is usually the case in the first six months of the financial year.

Total receipts at the end of August 2016 were 27.3% of the budget estimate vis-à-vis 29.7% last year. The slowdown this year is primarily due to

sluggish non-tax revenue.

The country's merchandise exports inAugust 2016 picked up with nearly half the exports sectors seeing growth.Asharp fall in gold purchases (down

77.4%) left imports looking better than expected anchoring trade deficit at lower levels. Trade deficit contracted to USD 7.7 billion inAugust 2016 from

USD 7.8 billion in July 2016.

It is estimated thatAugust 2016 exports were at USD 21.5 billion (USD 21.58 billion) while imports dipped 14 % USD 29.1 billion (USD 33.9 billion).

India's current account deficit in the June 2016 quarter narrowed substantially to USD 0.3 billion (0.1% of GDP), the lowest in a decade, thanks in

large measure to a slump in the commodity prices.

The country's balance of payments, a combination of trade and investments, remained in surplus but gains were offset by a fall in foreign direct

investment.

There were estimates that the CAD would be wiped off completely leaving a marginal surplus. That didn't materialize however due to the

disappointment on the remittances front.

The country's core sector output was higher by 3.2% in August (2.4% contraction in July 2016) on the back of a surge in steel production combined

with a pickup in cement, underscoring traction in infrastructure and construction activity.Although heartening, we need to see more definite signs of a

revival in the industrial activity. The index, which accounts for 38% weight in the IIP, measures output in the eight infrastructure sectors – steel,

cement, coal, natural gas, crude oil, refining, fertilisers and electricity generation.

Steel production surged 17% to a 37-month high, thanks in large part to a low base effect. Cement output was up 3.1% compared with a 1.4%

rise in July 2016.

The country's industrial growth as represented by the Index of Industrial Production (IIP) maintained its volatile streak falling sharply in July

2016 (by 2.4%) after seeing a pickup in the preceding two months. Apparently, industry is yet to see gains from monsoons in terms of

strengthening in rural demand and investment activity.

Manufacturing dipped 3.4%, while one item in particular, cable rubber insulated, with 4.24% contribution to IIP, slumped nearly 30%. Minus

this item, industrial growth would have been positive.

Mining and power generation edged higher by 0.8% and 1.6% respectively.

Trade deficit narrows

CurrentAccount Deficit (CAD) narrows to a decade low

Core sector output picks up

IIP dips underscoring volatility


02

Source: Bloomberg; Central Statistical Organization (CSO) India

Source: Bloomberg; Central Statistical Organization (CSO) India

0

2

4

6

8

10

Feb

-14

Ap

r-1

4

Jun

-14

Au

g-1

4

Oct

-14

De

c-1

4

Feb

-15

Ap

r-1

5

Jun

-15

Au

g-1

5

Oct

-15

De

c-1

5

Feb

-16

Ap

r-1

6

Jun

-16

Au

g-1

6

CPI Inflation (%)

Consumer Price Index (CPI)

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Jan

/13

Ma

r/1

3

Ma

y/1

3

Jul/

13

Se

p/1

3

No

v/1

3

Jan

/14

Ma

r/1

4

Ma

y/1

4

Jul/

14

Se

p/1

4

No

v/1

4

Jan

/15

Ma

r/1

5

Ma

y/1

5

Jul/

15

Se

p/1

5

No

v/1

5

Jan

/16

Ma

r/1

6

Ma

y/1

6

Jul/

16

Index of Industrial Production (IIP)

IIP YoY Growth (New Series; base 2004- 05)

External

The Foreign Institutional Investors (FIIs) net bought equities worth ~USD 1.40 billion during September 2016 and the net inflow from the FII

segment now stands at an impressive ~USD 7.51 billion for 2016. The Domestic Institutional Investors (DIIs) saw net buying to the tune of

~USD 299 million entirely led by the domestic MF segment who net bought equities worth ~USD 405 million during the month. The Domestic

Insurers on the other hand continued to be weak seeing net outflows to the tune of ~USD 107 million for the month. From a calendar year to

date perspective, DII tally of net buying has come down to just ~USD 43 million with the Insurers at ~USD 2.16 billion of net outflows for the

year.

The US Federal Reserve left key policy rates unchanged and indicated that the data will continue to dictate their actions. A hike, in the region

of 25 bps, is not ruled out later in the year with firming up of labour numbers. However, it cut the number of rate hikes expected over 2017 and

2018 will.Also the longer-run interest rate forecast was revised lower to 2.9% from 3%.

The Bank of Japan also did not increase rates and signaled that lower interest rates are likely to continue.

Saudi Arabia-led, OPEC (Organization of Petroleum Exporting Countries) agreed for the first time since 2008 to curtail output to shore up

prices. Implementation is likely to be prefaced with much discussion on nation-wise adjustments in output. Meanwhile, brent crude price

increased 10% from a low of USD 46/barrel to USD 50.67/barrel in relation to the news.

Market View

September 2016 saw a halt in positive market momentum and this was the first month of negative returns since February 2016. The

escalating geopolitical tensions between India and Pakistan was one of the reasons for a weak market performance in September 2016 while

the other domestic factors continued to remain steady. RBI cut the policy rate by 25 bps in the early October 2016 meet and any further

moderation in the CPI inflation augurs well in the context of the rate easing cycle. However despite a negative performance during the month,

the equity market valuations are currently trending above historical averages and the premium of the midcap to large-cap valuations have

moved up significantly, with the former continuing to outperform during September as well. From a near term perspective equity markets

seem to be discounting most of the positives, be it a normal monsoon or the implementation of the key legislations including GST. The

deviation to the above near term view could come on the back of a faster than expected rebound in the corporate earnings and any positive

surprises on the monetary policy front. External cues especially the ones related to incremental 'Brexit' newflows and the US Federal Reserve

rate decision dynamics would be closely followed along with the geopolitical scenario in the Indian sub-continent.

The new 10-year benchmark closed at 6.82%, after rallying from 6.97% at issue. Liquidity witnessed some tightening in the latter half of the

month from quarterly advance tax outflows. Liquidity will likely see some pressure from the heightened demand for currency during the

upcoming festive season.Add to this the Foreign Currency Non Residential account (FCNR) (B) payments and telecom auctions and liquidity

pressure could build up. However, RBI remained committed to neutral liquidity.

Inflation looks to be under control as food prices moderate on the back of normal monsoons, a first over the last three years. This should pose

lower risk to inflation and the 5% target for March 2017 looks achievable.

The central bank can be expected to support the market via open market operations (OMOs) in the backdrop of its accommodative liquidity

stance.

Markets have already factored in many of the positive news flows including rate cuts, moderating inflation and the fact that geo-political

tensions have not escalated.

We continue to make duration calls from news on liquidity and rate cuts with the short end in particular benefitting from higher accrual and

surplus liquidity.

Institutional Fund Flows

Global Economic Scenario

Equity Market Outlook

Debt Market – Update

Debt Market – Outlook

03


Source: Bloomberg, for all data except where mentioned otherwise

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Jul/07

Dec/0

7

May/0

8

Oct/08

Mar/

09

Aug/0

9

Jan/1

0

Jun/1

0

Nov/1

0

Apr/

11

Sep/1

1

Feb/1

2

Jul/12

Dec/1

2

May/1

3

Oct/13

Mar/

14

Aug/1

4

Jan/1

5

Jun/1

5

Nov/1

5

Apr/

16

Sep/1

6

Repo Rate Movement

Repo Rate

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund

HSBC IndiaOpportunities

Fund

HSBCMidcap

Equity Fund #

Overweight Underweight Neutral

# The S&P BSE Midcap Index was reconstituted in mid of April ’2015 and hence the relative sector positioning of the fund vs. the benchmark has changed.

Review: HSBC Equity FundPositive Contributors

Telecommunication & Consumer Staples – being underweight helped performance.

Consumer Discretionary, Information Technology, Industrials, Healthcare & Materials - certain stock (s) selection helped performance.

Negative Contributors

Financials– being overweight & certain stock (s) selection hurt performance.

Energy– being underweight & certain stock (s) selection hurt performance.

Review: HSBC India Opportunities Fund

Positive Contributors

Industrials, Materials, Information Technology & Healthcare- certain stock (s) selection helped performance.

Telecommunication & Utilities– being underweight helped performance.


Financials- being overweight & certain stock (s) selection hurt performance.

Energy– being underweight hurt the performance.

Review: HSBC Midcap Equity Fund

Positive Contributors

Industrials, Consumer Discretionary, Healthcare & Energy– certain stock (s) selection helped performance.

Information Technology- being underweight & certain stock (s) selection helped performance.

Utilities- being underweight helped performance.


Materials & Consumer Staples– certain stock (s) selection hurt performance.

Telecommunication- being underweight hurt performance.

Review: HSBC Dynamic FundThe cash levels and sector allocation in the fund are likely to change depending on the market conditions and technical factors.

Review: HSBC MIP Regular and Savings PlansOur current exposure is 13.94% in HMIP Regular and 23.22%, in HMIP Savings. Currently it is more biased towards large caps than

mid or small caps.

HSBC Equity Fund (HEF)An Open Ended Diversified Equity Scheme

Investment Objective: Aims to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities.

05

FUND DETAILS

Weighted Average Monthly Total Expenses ratios(Annualized)

Portfolio Turnover

Regular 2.41%

Direct Plan 1.71%

0.66

Excludes service tax on Investment Management fees of 0.23%of Total NetAssets.

Asset Allocation

Auto 10.25%AutoAncillaries 3.28%Banks 22.46%Cement 5.54%Construction 1.05%Construction Project 5.26%Consumer Non Durables 5.85%Finance 10.15%Gas 1.44%Pesticides 3.08%Petroleum Products 6.94%Pharmaceuticals 8.91%Power 1.72%Software 9.59%Transportation 1.90%Other Equity Investments 1.42%Reverse Repos/CBLOs 1.77%Net CurrentAssets -0.61%Total NetAssets 100.00%

Statistical ratios disclosed as per monthly returns (absolute) forthe last 3 years.

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate: 6.50% (FIMMDA-NSE Mibor) as on September30, 2016)

Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`

FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Construction Project

Consumer Non Durables

Finance

Gas

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Transportation

Other Equity Investments 856.35 1.42%

Cash Equivalents

Reverse Repos 608.17 1.01%

CBLO 453.09 0.75%

Net Current Assets -380.01 -0.61%

Total Net Assets as on 30-Sep-2016 60,088.64 100.00%

Tata Motors 2,941.68 4.90%

Maruti Suzuki India 2,190.92 3.65%

Hero Motocorp 1,024.11 1.70%

MRF 1,017.45 1.69%

Motherson Sumi Systems 954.00 1.59%

HDFC Bank 5,409.61 9.00%

ICICI Bank 3,782.25 6.29%

Yes Bank 2,509.40 4.18%

IndusInd Bank 1,793.93 2.99%

Ultratech Cement 1,925.78 3.20%

Dalmia Bharat 1,403.25 2.34%

J.Kumar Infraprojects 633.34 1.05%

Larsen & Toubro 1,648.12 2.74%

Voltas 1,516.40 2.52%

ITC 2,896.20 4.82%

United Spirits 616.61 1.03%

HDFC 1,741.81 2.90%

Bajaj Finserv 1,534.78 2.55%

LIC Housing Finance 1,157.60 1.93%

Shriram Transport Finance Co. 871.99 1.45%

Bajaj Finance 791.93 1.32%

Petronet LNG 863.50 1.44%

UPL 1,853.09 3.08%

Reliance Industries 2,980.18 4.96%

Castrol (India) 1,187.38 1.98%

Aurobindo Pharma 2,138.63 3.56%

Sun Pharmaceutical Industries 1,299.73 2.16%

Glenmark Pharmaceuticals 1,108.14 1.84%

Torrent Pharmaceuticals 811.78 1.35%

NTPC 1,036.00 1.72%

Infosys 3,367.16 5.60%

HCL Technologies 2,399.70 3.99%

Interglobe Aviation 1,144.63 1.90%

IssuerMarket Value

( in Lacs)`

% to NetAssets

Dividend DeclarationRecord Date / periodof dividend declared

Dividend ( per unit)Non-Institutional

` Dividend ( per unit)Institutional

` NAV ( ) per unit(cum dividend)

`

HSBC Equity Fund - Dividend

22-Feb-13 2.50000 2.50000 26.1962

27-Jun-14 2.50000 2.50000 31.2065

22-Feb-13 2.50000 2.50000 26.2505

27-Jun-14 2.50000 2.50000 31.5845

10-Nov-15 3.70000 3.70000 30.0806

10-Nov-15 3.70000 3.70000 29.4046

HSBC Equity Fund - Dividend - Direct Plan

Date of Allotment

Benchmark

NAV (Growth)(as on 30.09.16)

Monthly Average AUM

(In Lakhs)

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

@

Statistical Ratios

10-Dec-02

S&P BSE 200

164.1409

59,438.81

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.43%

`

`

`

1.0262

0.2073

Investors understand that their principalwill be at Moderately High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:

• To create wealth over longterm

• Investment in equity andequity related securities

HSBC Equity Fund (HEF)

* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.

HSBC India Opportunities Fund (HIOF)

This product is suitable for investors who are seeking*:

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Overnight liquidity over short term

Investment in Money Market Instruments

Low riskLOW RISK

(BLUE)

Note: Risk is represented as -

*Investors should consult their financial advisers if in doubt whether the product issuitable for them

06

FUND DETAILS


Portfolio Turnover

Regular 2.49%

Direct Plan 1.75%

0.37


Asset Allocation

Auto 9.13%

AutoAncillaries 1.51%

Banks 23.94%

Cement 2.93%

Chemicals 2.57%

Construction 4.40%

Consumer Durables 1.42%

Consumer Non Durables 4.49%

Finance 12.63%

Industrial Products 2.82%

Media & Entertainment 1.73%

Pesticides 2.79%

Petroleum Products 3.81%

Pharmaceuticals 8.45%

Software 8.67%

Textile Products 5.07%

Other Equity Investments 2.37%

Reverse Repos/CBLOs 1.83%

Net CurrentAssets -0.56%

Total NetAssets 100.00%

Statistical ratios disclosed as per monthly returns forthe last 3 years.

September30

(absolute)

**Risk free rate: 6.50% (FIMMDA-NSE Mibor) as on, 2016)



FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction

Consumer Durables


Finance

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Software

Textile Products

Other Equity Investments 1,146.90 2.37%

Cash Equivalents


CBLO 378.02 0.78%



Tata Motors 2,674.25 5.53%

Eicher Motors 1,737.95 3.60%

Exide Industries 732.00 1.51%

HDFC Bank 4,454.98 9.22%

Yes Bank 2,509.40 5.19%

ICICI Bank 2,269.35 4.70%

IndusInd Bank 1,793.93 3.71%

Axis Bank 541.35 1.12%

Heidelbergcement India 921.90 1.91%

JK Cement 491.82 1.02%

Vinati Organics 1,241.70 2.57%

Somany Ceramics 768.63 1.59%

KNR Constructions 757.95 1.57%

Ahluwalia Contracts (India) 599.60 1.24%

Blue Star 685.06 1.42%

ITC 2,172.15 4.49%

Bajaj Finance 1,583.85 3.28%

Bharat Financial Inclusion 1,541.14 3.19%

Bajaj Finserv 1,227.82 2.54%

Manappuram Finance 915.00 1.89%

HDFC 836.07 1.73%

Supreme Industries 1,360.95 2.82%

Dish TV India 837.90 1.73%

UPL 1,347.70 2.79%

Reliance Industries 1,842.29 3.81%


Torrent Pharmaceuticals 1,217.66 2.52%

Glenmark Pharmaceuticals 1,154.31 2.39%

Infosys 2,590.13 5.36%

HCL Technologies 1,599.80 3.31%

Arvind 1,011.30 2.09%

Indian Terrain Fashions 812.63 1.68%

Welspun India 630.00 1.30%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

27-Jun-14 1.50000 1.50000 23.2323

17-Mar-15 2.70000 2.70000 27.0820

27-Jun-14 1.50000 1.50000 23.5020

17-Mar-15 1.50000 1.50000 27.5575

10-Nov-15 1.50000 1.50000 21.8624

10-Nov-15 1.50000 1.50000 23.4738

An Open Ended Flexi-Cap Equity Scheme

Investment Objective: Seeks long term capital growth through investments across all market capitalisations, including small,mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move asignificant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets.

Date of Allotment

Benchmark

NAV (Growth)(as on 30 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Feb-04

S&P BSE 500

72.3790

49,097.63

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.69%

1.0672

0.3375

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities acrossmarket capitalisations

HSBC India Opportunities Fund (HIOF)


HSBC Midcap Equity Fund (HMEF)


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Low riskLOW RISK

(BLUE)



07

FUND DETAILS


Portfolio Turnover

Regular 2.52%

Direct Plan 1.81%

0.31


Asset Allocation


September30

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Cement

Chemicals

Construction



Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Textiles - Synthetic

Other Equity Investments 1,088.34 2.74%

Cash Equivalents


CBLO 167.22 0.42%



VST Tillers Tractors 1,477.09 3.72%

Apollo Tyres 747.83 1.88%

Deccan Cements 1,166.83 2.94%

Vinati Organics 1,764.29 4.44%

Navin Fluorine International 705.70 1.78%

IRB Infrastructure Developers 855.57 2.15%


Power Mech Projects 923.31 2.32%

CCL Products (India) 1,568.37 3.95%

Kaveri Seed Company 515.74 1.30%

Manappuram Finance 2,151.17 5.42%

Motilal Oswal Financial Services 1,976.13 4.98%

Cholamandalam Investment & Fin Co. 1,799.90 4.53%

Dewan Housing Finance Corporation 1,251.56 3.15%

Indiabulls Housing Finance 1,195.59 3.01%

Muthoot Finance 774.34 1.95%

Bharat Financial Inclusion 704.52 1.77%

Sanghvi Movers 1,202.07 3.03%

Inox Wind 718.90 1.81%

Finolex Industries 954.24 2.40%

Ramkrishna Forgings 674.74 1.70%

Jagran Prakashan 1,294.96 3.26%

Hindustan Media Ventures 1,137.68 2.86%

UPL 1,590.29 4.00%

PI Industries 646.62 1.63%

Gulf Oil Lubricants India 1,556.56 3.92%

Hindustan Petroleum Corporation 941.17 2.37%

GOCL Corporation 547.66 1.38%



Wockhardt 834.43 2.10%

Kalpataru Power Transmission 421.57 1.06%

Sonata Software 947.25 2.38%



Sarla Performance Fibers 1,005.48 2.53%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend

11-Dec-09 1.00 1.00 13.8927

19-Nov-10 2.00 2.00 15.4864

10-Nov-15 2.50 2.50 20.1838

An Open Ended Diversified Equity Scheme

Investment Objective: Seeks to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities primarily being midcap stocks. However, it could move a portion of its assets towards fixed income securitiesif the fund manager becomes negative on the Indian equity markets.

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

19-May-05

S&P BSE Midcap

44.7508

40,193.01

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.95%

1.1199

0.4638

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:• To create wealth over long

term• Invests in predominantly mid

cap equity and equity relatedsecurities

HSBC Midcap Equity Fund (HMEF)


Auto 3.72%


Cement 2.94%

Chemicals 6.22%

Construction 4.01%

Construction Project 2.32%


Finance 24.81%

Industrial Capital Goods 4.84%


Media & Entertainment 6.12%

Pesticides 5.63%



Power 1.06%

Software 2.38%


Textiles - Synthetic 2.53%





HSBC Infrastructure Equity Fund (HIEF)


�

�

�



Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

(Slope)

@

Statistical Ratios

23-Feb-06

S&P BSE 200

17.5841

11,468.30

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

6.96%

1.4017

0.2647

`

`

`


Portfolio Turnover

Regular 2.67%

Direct Plan 1.96%

0.27


Asset Allocation

Banks 4.95%

Cement 8.41%

Construction 14.40%


Ferrous Metals 1.83%

Finance 5.13%

Gas 3.61%



Minerals/Mining 2.17%


Power 17.53%

Transportation 9.50%






September30

(absolute)




FUND PORTFOLIO

Banks

Cement

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Petroleum Products

Power

Transportation


Cash Equivalents


CBLO 42.46 0.38%



Jammu & Kashmir Bank 313.86 2.79%

Karnataka Bank 242.47 2.16%

Deccan Cements 711.87 6.33%

Everest Industries 233.79 2.08%

IRB Infrastructure Developers 556.49 4.95%


NBCC India 343.56 3.05%

KNR Constructions 302.18 2.69%

Power Mech Projects 145.79 1.30%

Larsen & Toubro 143.32 1.27%

Jindal Saw 205.69 1.83%

Rural Electrification Corporation 577.44 5.13%

Gujarat State Petronet 406.25 3.61%

Sanghvi Movers 531.66 4.73%

Inox Wind 290.36 2.58%

FAG Bearings India 426.28 3.79%

KEI Industries 271.57 2.41%

Gujarat Mineral Development Corporation 244.55 2.17%

Hindustan Petroleum Corporation 858.50 7.63%

Indian Oil Corporation 449.69 4.00%

Adani Transmission 553.18 4.92%

Power Grid Corporation of India 485.51 4.32%

Reliance Infrastructure 350.04 3.11%

PTC India 238.90 2.12%

JSW Energy 189.93 1.69%

RattanIndia Power 154.31 1.37%

Adani Ports & Special Economic Zone 503.23 4.47%

Gateway Distriparks 306.43 2.72%

Gujarat Pipavav Port 259.95 2.31%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend

11-May-07 1.00 1.00 12.2390

26-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

Investment Objective: Seeks to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities by investing primarily in sectors, areas and themes that play an important role in, and/or benefit from India'sprogress, reform process and economic development.

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities, primarily inthemes that play an importantrole in India's economicdevelopment

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

05-Jan-07

S&P BSE 200

29.9133

17,952.96

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.62%

1.0430

0.3145

`

`


Portfolio Turnover

Regular 2.59%

Direct Plan 1.88%

0.50


Asset Allocation

Auto 4.54%


Banks 26.93%

Cement 6.15%

Construction 3.79%

Consumer Durables 3.77%


Finance 5.83%

Pesticides 1.59%



Software 10.09%








September30

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Consumer Durables


Finance

Pesticides

Petroleum Products

Pharmaceuticals

Software

Textile Products

Transportation


Cash Equivalents


CBLO 257.39 1.45%



Maruti Suzuki India 806.97 4.54%

MRF 457.85 2.58%


HDFC Bank 1,682.71 9.47%

ICICI Bank 1,292.27 7.27%

IndusInd Bank 837.17 4.71%

Federal Bank 350.73 1.97%

Axis Bank 316.69 1.78%


Ultratech Cement 454.48 2.56%

The Ramco Cements 385.09 2.17%

OCL India 252.44 1.42%



Crompton Greaves Consumer Electrical 357.16 2.01%

Blue Star 312.39 1.76%

ITC 516.24 2.90%


Heritage Foods 277.00 1.56%

HDFC 536.48 3.02%

LIC Housing Finance 500.25 2.81%

UPL 283.02 1.59%

Reliance Industries 563.52 3.17%


Aurobindo Pharma 393.51 2.21%

Sun Pharmaceutical Industries 254.00 1.43%

Lupin 234.08 1.32%

Infosys 909.65 5.12%

Tata Consultancy Services 563.95 3.17%

HCL Technologies 319.96 1.80%

SRF 412.43 2.32%


Arvind 269.68 1.52%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

17-Oct-14 1.50000 1.50000 22.1053

17-Mar-15 2.50000 2.50000 23.9029

23-Mar-16 1.50000 1.50000 19.9950

23-Mar-16 1.50000 1.50000 19.4675

17-Oct-14 1.50000 1.50000 22.4083

17-Mar-15 2.50000 2.50000 24.3256

An Open Ended Equity Linked Savings Scheme (ELSS)

Investment Objective: Aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equityrelated instruments of companies across various sectors and industries, with no capitalisation bias. The Fund may also investin fixed income securities.


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


HSBC Dynamic Fund (HDF)

10

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Sep-07

S&P BSE 200

14.7295

4,970.41

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.37%

0.7774

0.1850


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%


0.61

Asset Allocation

Auto 9.84%

Banks 19.38%

Cement 3.26%



Finance 3.69%



Power 2.73%

Software 8.87%

Telecom - Services 1.50%






September30

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

Investment Objective: To provide long term capital appreciation by allocating funds in equity and equity related instruments. It

also has the flexibility to move, entirely if required, into debt instruments in times that the view on equity markets seems negative.

Auto

Banks

Cement



Finance

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

Cash Equivalents


CBLO 419.69 8.89%



Tata Motors 197.89 4.19%


Hero Motocorp 102.41 2.17%

HDFC Bank 356.40 7.55%

ICICI Bank 252.15 5.34%

Yes Bank 156.84 3.32%

IndusInd Bank 149.49 3.17%



ITC 289.62 6.13%

Asian Paints 174.11 3.69%

Hindustan Unilever 82.45 1.75%

HDFC 174.18 3.69%



Lupin 104.04 2.20%

NTPC 128.76 2.73%

Infosys 310.82 6.58%


Bharti Airtel 70.65 1.50%

Interglobe Aviation 68.68 1.45%


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities and in debtinstruments when view onequity markets is negative

HSBC Dynamic Fund (HDF)


HSBC Dividend Yield Equity Fund (HDYEF)


�

�

�



Low riskLOW RISK

(BLUE)



11

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

21-Mar-07

S&P BSE 200

17.7020

4,087.91

Gautam Bhupal &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

4.07%

0.9431

0.2564

`

`

`


Portfolio Turnover

Regular 2.33%

Direct Plan 1.63%

0.21


Asset Allocation

Auto 8.34%


Banks 19.80%

Cement 1.92%

Chemicals 1.95%



Finance 10.60%


Minerals/Mining 1.99%

Non - Ferrous Metals 2.78%

Oil 2.95%



Power 3.48%

Software 13.86%







September30

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

Investment Objective: The Scheme aims to generate dividend yield and capital appreciation by primarily investing into

equities and equity related securities of domestic Indian companies.

Auto

Auto Ancillaries

Banks

Cement

Chemicals



Finance


Minerals/Mining

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Transportation


Cash Equivalents


CBLO 44.72 1.11%



Hero Motocorp 172.39 4.27%


MRF 156.69 3.88%

ICICI Bank 319.22 7.90%

HDFC Bank 178.20 4.41%

Karur Vysya Bank 155.42 3.85%

Axis Bank 90.95 2.25%


Deccan Cements 77.73 1.92%

Tata Chemicals 78.69 1.95%


ITC 279.16 6.91%


HDFC 153.28 3.79%

Manappuram Finance 142.74 3.53%

Indiabulls Housing Finance 132.38 3.28%

V-Guard Industries 120.34 2.98%

Coal India 80.58 1.99%

Hindustan Zinc 112.24 2.78%

Oil & Natural Gas Corporation 119.34 2.95%

Bharat Petroleum Corporation 171.53 4.25%


Lupin 80.64 2.00%


NTPC 140.60 3.48%

Infosys 283.98 7.03%





Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

r e l a t e d s e c u r i t i e s o fcompanies facing "out-of-ordinary" conditions

HSBC Dividend Yield Equity Fund (HDYEF)


HSBC Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%

(inclusive of underlying scheme's expenses)


Asset Allocation

Overseas Mutual Fund 98.45%





September30

(absolute)




FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents


CBLO 11.34 1.23%


Total Net Assets as on 30-Sep-2016 920.53 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 906.27 98.45%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

Investment Objective: To provide long term capital appreciation by investing in India and in the emerging markets, in equityand equity related instruments, share classes and units/securities issued by overseas mutual funds or unit trusts. The fund mayalso invest a limited proportion in domestic debt and money market instruments.

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

11.4129

939.88

Anitha Rangan(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.26%

1.1840

0.0040

`

`

`





`

HSBC - Emerging Market Fund - Dividend

HSBC - Emerging Market Fund - Dividend - Direct Plan

27-Jun-14 0.50000 0.50000 11.5335

27-Jun-14 0.50000 0.50000 11.6656


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in equity andequity related securities ofEmerging economies

HSBC Emerging Markets Fund (HEMF)


HSBC Asia Pacific (Ex Japan)Dividend Yield Fund (HAPDF)


�

�

�



Low riskLOW RISK

(BLUE)



13

FUND DETAILS


Regular 2.28%

Direct Plan 1.58%



Asset Allocation



Net CurrentAssets 1.94%



FUND PORTFOLIO


HSBC GIF ASIA PACIFIC EX JAPAN EQ HD-S9D 1,025.34 97.33%

Cash Equivalents


CBLO 3.30 0.31%

Net Current Assets 20.43 1.94%


IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Fund of Funds Scheme

Investment Objective: The primary investment objective of the Scheme is to provide long term capital appreciation byinvesting predominantly in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High Dividend Fund(HEHDF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of liquidmutual fund schemes, in order to meet liquidity requirements from time to time. However, there is no assurance that theinvestment objective of the Scheme will be achieved.

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

24-Feb-14

MSCI AC Asia Pacific

ex Japan

Anitha Rangan (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

11.0746

1,066.33


RiskometerRiskometer

Mod

erately

Mod

erately ModerateModerate

Low

Low

Hig

hH

igh

Low

Low

HighHigh

LOWLOW HIGHHIGH

Moderately

Moderately



• Investment in equity and equityrelated securities of Asia Pacificcountries (excluding Japan)through fund of funds route

HSBC Asia Pacific (Ex Japan)Dividend Yield Fund (HAPDF)


HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



14

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%



Asset Allocation






September30

(absolute)



FUND PORTFOLIO


HSBC GIF BRAZIL EQUITY S3D 2,775.50 98.65%

Cash Equivalents


CBLO 39.32 1.40%



IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

Investment Objective: The primary investment objective of the Scheme is to provide long term capital appreciation byinvesting predominantly in units/shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at thediscretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which mayconstitute a significant part of its corpus. The Scheme may also invest a certain proportion of its corpus in money marketinstruments and/or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time.

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

6.6741

2,893.78

Anitha Rangan(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

10.08%

0.8920

-0.0560

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities throughfeeder route in Brazilianmarkets

HSBC Brazil Fund (HBF)


HSBC Managed Solutions India - Growth (HMSG)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.38%

Direct Plan 2.11%


Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.23% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation

Mutual Fund 99.09%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents


CBLO 71.98 0.54%



HSBC Equity Fund - Growth Direct 7,848.95 59.15%

HSBC Midcap Equity Fund - Growth Direct 2,630.29 19.82%

HSBC Income Fund Short Term - Growth Direct 1,524.01 11.48%

HSBC Income Fund Inv Plan Growth Direct 763.94 5.76%

HSBC Flexi Debt Fund Growth Direct 382.53 2.88%

IssuerMarket Value

( in Lacs)`

% to NetAssets


Investment Objective: The objective of the Plan is to provide long term total return primarily by seeking capital appreciationthrough an active asset allocation with diversification commensurate with the risk profile of investments by investingpredominantly in units of equity mutual funds as well as in a basket of debt mutual funds gold exchange traded funds (ETFs) andother ETFs, offshore mutual funds and money market instruments.

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

14.4979

13,400.56

Anitha Rangan (DedicatedFund Manager for investments

in foreign securities)

Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth over long term

• Investing predominantly in unitsof equity mutual funds as well asin a basket of debt mutual funds,gold & exchange traded funds,offshore mutual funds andmoney market instruments.

HSBC Managed Solutions India - Growth


HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 2.35%

Direct Plan 2.10%



Asset Allocation

Mutual Fund 99.01%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents


CBLO 256.02 1.27%





HSBC Midcap Equity Fund - Growth Direct 3,192.77 15.88%

HSBC Flexi Debt Fund Growth Direct 2,133.31 10.61%

HSBC Income Fund Inv Plan Growth Direct 1,031.56 5.13%

IssuerMarket Value

( in Lacs)`

% to NetAssets


Investment Objective: The objective of the fund is to provide long term total return aimed at capital appreciation and providingincome through an active asset allocation with diversification commensurate with the risk profile of investments by investing in abasket of debt mutual funds, equity mutual funds, gold ETFs and other ETFs, offshore mutual funds and money marketinstruments.

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

CRISIL Balanced FundAggressive

14.0361

20,181.26


in foreign securities)Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

Index

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth and provideincome over the long term

• Investments in a basket of debtmutual funds, equity mutualfunds, gold & exchange tradedfunds, offshore mutual fundsand money market instruments.

HSBC Managed Solutions India - Moderate


HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



17

FUND DETAILS


Regular 1.63%

Direct Plan 1.38%



Asset Allocation

Mutual Fund 99.68%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents


CBLO 242.95 0.74%




HSBC Flexi Debt Fund Growth Direct 8,974.24 27.49%

L&T Triple Ace Bond Fund Direct Growth 3,378.87 10.35%


HSBC Income Fund Inv Plan Growth Direct 1,472.08 4.51%

IssuerMarket Value

( in Lacs)`

% to NetAssets


Investment Objective: The objective of the Plan is to provide long term total return aimed at providing income through an active

asset allocation with diversification commensurate with the risk profile of investments by predominantly investing in units of debt

mutual funds as well as in a basket of equity mutual funds, gold ETFs and other ETFs and money market instruments.

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

12.8636


in foreign securities)(For managing

investments in Indian Market –Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

`

33,023.65

Gautam Bhupal

`

`

This product is suitable forinvestors who are seeking*:• To create wealth over long term• Investing predominantly in

units of debt mutual funds aswell as in a basket of equitymutual funds, gold & otherexchange traded funds andmoney market instruments.

Investors understand that their principalwill be at Moderate risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Managed Solutions India - Conservative


HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

18

FUND DETAILS


Regular 2.34%

Direct Plan 1.64%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents


CBLO 9.19 1.40%


Total Net Assets as on 30-Sep-2016 657.34 100.00%

HSBC GIF-China Consumer Opp S5 Cap 644.88 98.10%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

Investment Objective: The primary investment objective of the scheme is to provide long term capital appreciation by investing

predominantly in units of HSBC Global Investment Funds (HGIF) China Consumer Opportunities Fund (Underlying scheme).

The Scheme may, also invest a certain proportion of its corpus in money market instruments and / or units of liquid mutual fund

schemes, in order to meet liquidity requirements from time to time.

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.09.16

Monthly Average AUM

(In Lakhs)

@

23-Feb-15

MSCI AC World Index

9.8680

678.21

Anitha Rangan (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:• To create wealth over long term• Investment in equity and equity

related securities around theworld focusing on growingconsumer behaviour of Chinathrough feeder route

HSBC Global Consumer Opportunities Fund - Benefiting fromChina’s Growing Consumption Power (HGCOF)



�

�

�



Low riskLOW RISK

(BLUE)



19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Dynamic Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Managed Solutions

HSBC Global Consumer Opportunities Fund -Benefiting from China’s Growing Consumption Power

Neelotpal Sahai (from 27 May 2013)

Neelotpal Sahai (from 27 May 2013)

Dhiraj Sachdev (from 01 December 2009)

Dhiraj Sachdev (from 01 December 2009)

Aditya Khemani (from 24 February 2009)

Gautam Bhupal and Amaresh Mishra (from 02 July 2012)(from 21 Oct 2015)

For Equity portion: Neelotpal Sahai (from 27 May 2013) &For Debt portion: Sanjay Shah (from 14 August 2009)

Anitha Rangan (from 18 October 2014)

Anitha Rangan (from 18 October 2014)

For overseas investments: Anitha Rangan (from 18 October 2014) &For investment in Indian markets: Sanjay Shah (from 24 February 2014)

For overseas investment : Anitha Rangan (from 18 October 2014),For Investments in Indian Market - Equity Portion :

& For Investments in Indian Market - Debt Portion :Sanjay Shah (April 2014)

Gautam Bhupal(from 21 Oct 2015)

For Overseas Market : Anitha Rangan (from 13 February 2015)For Investments in Indian Market - Debt Portion : Sanjay Shah(from 13 February 2015)

Name of Scheme Fund Manager

Fund Manager’s Experience

Dhiraj SachdevSenior Vice President and Fund Manager - EquitiesB.Com., ACA, ACMA, Diploma in Foreign Trade Management (DFTM)

Experience:

Over 20 years experience in Equity Research and Fund Management.

HSBC Asset Management (India) Private LtdSenior Vice President & Fund Manager, from October 2011 to present,Senior Fund Manager from 1 December 2009 to September 2011,Head of Equity-Portfolio Management Services from October 2005 to November 2009

ASK Raymond James Securities India Private LtdPortfolio Manager from October 2003 to September 2005

HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003

DSQ Software LtdBusiness Analyst from June 1999 to November 1999

Probity Research & Services Ltd (India Infoline Ltd)Research Analyst from November 1998 to May 1999

Ford Brothers Capital Services (P) LtdManager Research from July 1996 to Sept 1998

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Gautam Bhupal

Vice President & Fund Manager Equities

Post Graduate Diploma in Business Management, CA, CS, B.Com (Hons)

Over 12 years of experience in areas of research and Fund Management.

HSBC Asset Management (India) Private LimitedVice President & Fund Manager, since October 2015 till date.

Fund Manager for PMS Portfolios from July 2008 till June 2015.

UTI Asset Management CompanyEquity Research Analyst from May 2004 till June 2008.

Experience:

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Vice President - Investment Management, from June 2015 to October 2015.



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�

�



Low riskLOW RISK

(BLUE)



20

Neelotpal Sahai

Senior Vice President & Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

HSBC Asset Management (India) Private LtdSenior Fund Manager – Equities from April 2013 onwards.

IDFC Asset Management Company Ltd.Director from February 2006 to April 2013

Motilal Oswal Securities LtdSenior Research Analyst from March 2005 to January 2006

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

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�

�

�

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Aditya Khemani

Vice President & Fund Manager - Equities

B.Com. (Hons.), Post Graduate Diploma in Business Management

Over 11 years experience in research.

HSBC Asset Management (India) Private Ltd

Vice President & Fund Manager (Equity), from April 2012 to present,Assistant Fund Manager, Equities from February 2009 to March 2012;Associate Vice President - Investment Management from October 2007 to February 2009.

SBI Funds Management India Private Ltd

Senior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private Ltd

Assistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private Ltd

Research Associate from May 2005 to November 2005

Experience:

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Amaresh Mishra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Manager Management

Bachelor of Engineering (Chemical)

Over 11 years of experience in Equities & Sales


Vice President & Assistant Fund Manager, from April 2012 to present,Associate Vice President, Investment Management from April 2008 to March 2012,Associate Vice President, Equities from October 2007 to March 2008;Associate Vice President, Sales and Distribution from March 2005 to September 2007

Centre for Science and Environment

Trainee Researcher from July 2001 to July 2002

Experience:

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Anitha Rangan

Vice President - Fixed Income

PGDBM (SPJIMR, Mumbai); CA; M.Com

Over 10 years of experience in areas of research and risk


Associate Vice President - Investment Management, from February 2013 onwards

CRISIL Limited

Senior Manager - Customised Industry Research, from December 2010 to May 2012

Nomura Structured Financial Services

Vice President - Credit Research , from December 2008 to November 2010

Lehman Brothers Structured Financial Services Analyst

Credit Research, from June 2006 to November 2008

Ambattur Clothing Limited

Executive - October 2002 to March 2004

Experience:

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Funds Managed by Neelotpal Sahai.

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

SinceInception

HSBC Equity Fund - Growth

S&P BSE 200 (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

10,000, if invested in HEF, would have become

10,000, if invested in S&P BSE 200, would have become

10,000, if invested in , would have become

`

`

` Nifty 50

14.12% 3.91% 39.29% 22.45%

10.80% 3.35% 41.56% 17.84%

13.65% 0.04% 37.80% 16.34%

11,412 10,391 13,929 1,65,045

11,080 10,335 14,156 97,049

11,365 10,004 13,780 81,289

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth


(Standard Benchmark)

10,000, if invested in HIOF, would have become



Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



10,000, if invested in HDF, would have become



Nifty 50

Nifty 50

`

`

`

17.70% 6.18% 66.02% 17.00%

11.29% 3.47% 44.01% 13.95%

13.65% 0.04% 37.80% 13.11%

11,770 10,618 16,602 72,408

11,129 10,347 14,401 51,913

11,365 10,004 13,780 47,294

` ` ` `

` ` ` `

` ` ` `

10.85% 2.97% 32.09% 4.38%

10.80% 3.35% 41.56% 6.70%

13.65% 0.04% 37.80% 6.37%

11,085 10,297 13,209 14,731

11,080 10,335 14,156 17,965

11,365 10,004 13,780 17,462

` ` ` `

` ` ` `

` ` ` `

Past performance may or may not be sustained in the future. Refer note below.


Fund Managed by Neelotpal Sahai (for Equity portion)Sanjay Shah (for Fixed Income portion)


Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period,invested at the start of the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-pointreturns vis-a-vis returns indicated above.

`

`


Funds Managed by - Anitha Rangan.

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08

Scheme Name & Benchmarks SinceInception

HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


10,000, if invested in HMEF, would have become

10,000, if invested in MSCI Emerging Market Index, would have become


Nifty 50

Nifty 50

`

`

`

19.18% -16.55% -1.38% 1.56%

9.81% -8.70% 5.68% 1.30%

13.65% 0.04% 37.80% 7.88%

11,918 8,345 9,862 11,413

10,981 9,130 10,568 11,172

11,365 10,004 13,780 19,127

` ` ` `

` ` ` `

` ` ` `


21

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) DividendYield Fund

HSBC Global Consumer Opportunities Fund -Benefiting from China's Growing Consumption Power

Date of Inception : 06 May 11






Oct 15 -Sep 16

Oct 15 -Sep 16

Oct 14 -Sep 15

SinceInception

SinceInception

SinceInception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


10,000, if invested in HBF, would have become

10,000, if invested in MSCI Brazil 10/40 Index, would have become


Nifty 50

Nifty 50

`

`

`

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund - Growth

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


10,000, if invested in HAPDF, would have become

10,000, if invested in MSCI AC Asia Pacific ex Japan, would have become


Nifty 50

Nifty 50

`

`

`

HSBC Global Consumer Opportunities Fund - Benefiting from China'sGrowing Consumption Power - Growth

MSCI AC World Index (Scheme Benchmark)


10,000, if invested in HGCOF, would have become

10,000, if invested in MSCI AC World Index, would have become

10,000, if invested in Nifty 50, would have become

`

`

`

54.44% -47.70% -13.31% -7.20%

54.11% -47.52% -8.87% -11.81%

13.65% 0.04% 37.80% 8.46%

15,444 5,230 8,669 6,673

15,411 5,248 9,113 5,065

11,365 10,004 13,780 15,515

` ` ` `

` ` ` `

` ` ` `

19.53% -11.25% 4.00%

13.65% -16.85% -0.63%

13.65% 0.04% 13.56%

11,953 8,875 11,076

11,365 8,315 9,838

11,365 10,004 13,925

` ` `

` ` `

` ` `

Past performance may or may not be sustained in the future. Refer note below



Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period,invested at the start of the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-pointreturns vis-a-vis returns indicated above.

`

`


Fund Managed by Gautam Bhupal and Amaresh Mishra.

Fund Managed by Anitha Rangan (For overseas investment) & Sanjay Shah (for Fixed Income portion)

HSBC Dividend Yield Equity Fund Date of Inception : 21 Mar 07


HSBC Dividend Yield Equity Fund - Growth



10,000, if invested in HDYEF, would have become



Nifty 50

Nifty 50

`

`

`

11.80% 2.39% 50.15% 6.17%

10.80% 3.35% 41.56% 9.69%

13.65% 0.04% 37.80% 9.06%

11,180 10,239 15,015 17,705

11,080 10,335 14,156 24,168

11,365 10,004 13,780 22,880

` ` ` `

` ` ` `

` ` ` `


22

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

7.26% -0.83%

9.19% -1.92%

13.65% -1.03%

10,726 9,868

10,919 9,694

11,365 9,835

` `

` `

` `

HSBC Tax Saver Equity Fund Date of Inception : 05 Jan 07


HSBC Tax Saver Equity Fund - Growth



10,000, if invested in HTSF, would have become



Nifty 50

Nifty 50

`

`

`

12.53% 8.19% 61.89% 11.90%

10.80% 3.35% 41.56% 8.61%

13.65% 0.04% 37.80% 8.23%

11,253 10,819 16,189 29,922

11,080 10,335 14,156 22,365

11,365 10,004 13,780 21,622

` ` ` `

` ` ` `

` ` ` `

Fund Managed by - Aditya Khemani.


* On account of change in the index composition of the benchmark of HMEF (S&P BSE Midcap), vide BSE Notification dtd 10 April, 2015,the returns for this benchmark are different when compared to the historically published returns. Further, as the index data for S&P BSEMidcap is available only from Sept 16, 2005, the 'Since inception' returns for both this index and the scheme have been calculated from thisdate onwards.


Funds Managed by - Dhiraj Sachdev.

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth



10,000, if invested in HIEF, would have become



Nifty 50

Nifty 50

`

`

`

-0.75% 11.71% 97.34% 5.46%

10.80% 3.35% 41.56% 10.58%

13.65% 0.04% 37.80% 10.24%

9,925 11,171 19,734 17,587

11,080 10,335 14,156 29,078

11,365 10,004 13,780 28,129

` ` ` `

` ` ` `

` ` ` `

HSBC Midcap Equity Fund* Date of Inception : 19 May 05


HSBC Midcap Equity Fund - Growth

S&P BSE Midcap (Scheme Benchmark)


10,000, if invested in HMEF, would have become

10,000, if invested in S&P BSE Midcap, would have become


Nifty 50

Nifty 50

`

`

`

15.12% 17.64% 124.15% 10.97%

21.70% 13.54% 69.05% 10.64%

13.65% 0.04% 37.80% 11.64%

11,512 11,764 22,415 32,702

12,170 11,354 16,905 31,612

11,365 10,004 13,780 35,024

` ` ` `

` ` ` `

` ` ` `



23

Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmarkis prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start ofthe period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returnsindicated above.

`

`

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

HSBC Managed Solutions - Growth Date of Inception : 30 Apr 14


SinceInception

HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

10,000, if invested in HMSG, would have become

10,000, if invested in Customised Benchmark Index, would have become


10,000, if invested in Crisil 10 Year Gilt Index, would have become

`

`

`

`

14.10% 8.98% 16.57%

10.95% 5.17% 13.91%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

11,410 10,898 14,504

11,095 10,517 13,713

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

Fund Managed by Gautam Bhupal (for Equity portion)Sanjay Shah (for Fixed Income portion), Anitha Rangan (For overseas investment)




*Composite index of S&P BSE 200 (80%) and Crisil Composite Bond Fund Index (20%).

*Composite index of Crisil Composite Bond Fund Index (90%) and S&P BSE 200 (10%).


24

Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmarkis prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start ofthe period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returnsindicated above.

`

`

Oct 14 -Sep 15

HSBC Managed Solutions - Moderate - Growth Date of Inception : 30 Apr 14


SinceInception

HSBC Managed Solutions - Moderate - Growth

CRISIL Balanced Fund – Aggressive Index (Scheme Benchmark)



10,000, if invested in HMSM, would have become

10,000,if investedinCRISILBalancedFund–AggressiveIndex,wouldhavebecome



`

`

`

`

13.19% 10.05% 15.03%

9.67% 4.51% 11.62%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

11,319 11,005 14,041

10,967 10,451 13,054

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

Oct 14 -Sep 15

HSBC Managed Solutions - Conservative - Growth Date of Inception : 30 Apr 14


SinceInception

HSBC Managed Solutions - Conservative - Growth




10,000, if invested in HMSC, would have become




`

`

`

`

9.15% 10.66% 10.96%

11.46% 11.54% 12.36%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

10,915 11,066 12,867

11,146 11,154 13,265

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

Oct 14 -Sep 15

25

HSBC Equity Fund


HSBC Dynamic Fund

Date of Inception : 10 Dec 02


Date of Inception : 24 Sep 07




1Year

1Year

1Year

3Years

3Years

3Years

5Years

5Years

5Years

SinceInception

SinceInception

SinceInception

Total amount invested ( )

Market Value as on September 30, 2016 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -


Scheme Returns (%)





`

`

`

`

Market Value as on 30, 2016 ( )

S&P BSE 500 -

S&P BSE 500 -

Nifty 50 -

Nifty 50 -

September


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1660000

134901 433898 838258 5139133

23.79 12.51 13.34 15.08

131819 426260 832253 4476509

18.74 11.29 13.05 13.32

129332 407234 787459 4201946

14.72 8.17 10.82 12.51

120000 360000 600000 1520000

137164 468263 970923 4107197

27.53 17.84 19.33 14.65

132241 430054 839660 3348747

19.43 11.90 13.41 11.75

129332 407234 787459 3193318

14.72 8.17 10.82 11.07

120000 360000 600000 1090000

129780 417153 779826 1572852

15.44 9.81 10.43 7.87

131819 426260 832253 1793812

18.74 11.29 13.05 10.64

129332 407234 787459 1697606

14.72 8.17 10.82 9.48

The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would havegrown if you had invested say 10,000 systematically on the first Business Day of every month over a period of time in the Growth Option of Respective Scheme.

The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments givenan initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions. Data as on September 30, 2016.

`

`


Returns shown for Regular Plan - Growth Option





26

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 640000

160972 371557 543051 571090

68.94 2.06 -3.91 -4.20

163359 376383 536040 557357

73.26 2.91 -4.42 -5.09

129653 407556 787781 851177

15.26 8.16 10.83 10.62

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Date of Inception : 24 Feb 14


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 310000

133679 NA NA 335223

21.89 NA NA 5.98

131744 NA NA 311380

18.71 NA NA 0.33

129653 NA NA 337143

15.26 NA NA 6.42

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1020000

134553 375117 649952 1199507

23.34 2.69 3.16 3.75

128906 370049 634181 1154336

14.11 1.80 2.19 2.87

129140 407103 786647 1605311

14.49 8.16 10.78 10.07


The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments givenan initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions. Data as on 30, 2016.

`

`

September






27

HSBC Tax Saver Equity Fund Date of Inception : 05 Jan 07


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1170000

135546 461010 954347 2462585

24.85 16.74 18.63 14.63

131819 426260 832253 1972541

18.74 11.29 13.05 10.35

129332 407234 787459 1868678

14.72 8.17 10.82 9.30

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1280000

127604 436785 852608 1842055

11.95 12.97 14.03 6.62

131819 426260 832253 2265371

18.74 11.29 13.05 10.28

129332 407234 787459 2150262

14.72 8.17 10.82 9.36

HSBC Dividend Yield Equity Fund Date of Inception : 21 Mar 07


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1150000

133272 434375 845972 1859490

21.11 12.59 13.71 9.71

131819 426260 832253 1928838

18.74 11.29 13.05 10.44

129332 407234 787459 1826526

14.72 8.17 10.82 9.36



`

`

September






28

HSBC Managed Solutions - Growth Date of Inception : 30 Apr 14


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

133897 NA NA 335713

22.16 NA NA 12.17

124201 NA NA 306451

6.55 NA NA 4.47

129653 NA NA 310490

15.26 NA NA 5.56

HSBC Managed Solutions - Moderate - Growth Date of Inception : 30 Apr 14


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

`


CRISIL Balanced Fund – Aggressive Index -

CRISILBalancedFund–AggressiveIndex-

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

132576 NA NA 335236

20.00 NA NA 12.04

129284 NA NA 319097

14.66 NA NA 7.85

129653 NA NA 310490

15.26 NA NA 5.56

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1370000

136555 527639 1152292 3149228

26.52 26.48 26.44 13.80

140915 511237 1023923 2926874

33.80 24.16 21.52 12.62

129332 407234 787459 2478104

14.72 8.17 10.82 9.93



`

`

September




*Composite index of S&P BSE200 (80%) and Crisil Composite Bond Fund Index (20%).



29

HSBC Managed Solutions - Conservative - Growth Date of Inception : 30 Apr 14


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

127717 NA NA 325764

12.14 NA NA 9.59

123057 NA NA 317332

4.76 NA NA 7.38

129653 NA NA 310490

15.26 NA NA 5.56

HSBC Global Consumer Opportunities Fund -Benefiting from China's Growing Consumption Power



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 190000

125916 NA NA 195185

9.31 NA NA 3.28

125829 NA NA 195090

9.17 NA NA 3.22

129429 NA NA 200954

14.93 NA NA 6.92



`

`

September




*Composite index of Crisil Composite Bond Fund Index (90%) and S&P BSE200 (10%).

HSBC MIP - Savings Plan (HMIP-S)An Open Ended Fund with Regular & Savings Plans. Monthly income is not assured and is subject to availability of distributable surplus.

Investment Objective: Seeks to generate reasonable returns through investments in Debt and Money Market Instruments. Thesecondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation.

30

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30.09.16)

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIP

Exit Load

per unit

Monthly Average AUM(In Lakhs)

@


Regular 2.47%Direct Plan 1.81%Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.

Asset Allocation

Government Securities 44.74%

Corporate/ PSU Debt 26.44%

Equity 23.22%

Cash Equivalents 4.20%




FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY

Government Securities

Cash EquivalentsCBLO 373.20 1.79%Reverse Repos 500.94 2.41%Net Current Assets 290.56 1.40%Total Net Assets as on 30-Sep-2016 20,799.79 100.00%

Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,170.01 5.63% CRISIL AAAIndia Infradebt 705.81 3.39% CRISIL AAARural Electrification Corporation 661.28 3.18% CARE AAAPower Finance Corporation 616.65 2.96% CRISIL AAALIC Housing Finance 615.81 2.96% CRISIL AAALIC Housing Finance 508.68 2.45% CRISIL AAAPower Grid Corporation of India 442.72 2.13% CRISIL AAAHDFC 303.81 1.46% CRISIL AAAPower Grid Corporation of India 209.50 1.01% CRISIL AAANTPC 141.86 0.68% CRISIL AAAPower Finance Corporation 121.72 0.59% CRISIL AAA

HDFC Bank 557.51 2.68%The Ramco Cements 262.64 1.26%IndusInd Bank 245.17 1.18%Infosys 207.21 1.00%Maruti Suzuki India 205.40 0.99%Ultratech Cement 204.13 0.98%ICICI Bank 194.79 0.94%ITC 190.06 0.91%SRF 177.77 0.85%Crompton Greaves Cons Electrical 149.33 0.72%Castrol India 142.49 0.69%Axis Bank 142.38 0.68%Torrent Pharmaceuticals 138.00 0.66%MRF 127.18 0.61%Somany Ceramics 121.69 0.59%UPL 121.29 0.58%Gateway Distriparks 120.82 0.58%Arvind 117.99 0.57%Sun Pharmaceuticals Ind 115.12 0.55%Hindustan Unilever 114.56 0.55%United Spirits 108.52 0.52%Tata Consultancy Services 104.52 0.50%HDFC 104.51 0.50%LIC Housing Finance 104.18 0.50%The Federal Bank 96.48 0.46%Karur Vysya Bank 87.08 0.42%OCL India 84.53 0.41%IPCA Laboratories 79.59 0.38%Heritage Foods Ltd 77.26 0.37%Ahluwalia Contracts (India) 74.95 0.36%Exide Industries 73.20 0.35%Welspun India 53.37 0.26%The Jammu & Kashmir Bank 46.59 0.22%V-Guard Industries 30.26 0.15%Hindustan Dorr-Oliver 29.14 0.14%Aditya Birla Fashion and Retail 23.90 0.11%

7.72% GOVT OF INDIA RED 25-05-2025 2,470.88 11.88% SOVEREIGN7.59% GOVT OF INDIA RED 11-01-2026 1,292.69 6.21% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 1,218.65 5.86% SOVEREIGN7.59% GOVT OF INDIA RED 20-03-2029 848.01 4.08% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 743.72 3.58% SOVEREIGN8.13% GOVT OF INDIA RED 22-06-2045 725.27 3.49% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 642.15 3.09% SOVEREIGN8.18% HARYANA SDL RED 15-06-2022 541.86 2.61% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 306.24 1.47% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 268.76 1.29% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 214.19 1.03% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 31.22 0.15% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Savings Plan - Monthly Dividend

HSBC MIP - Savings Plan - Monthly Dividend - Direct Plan

HSBC MIP - Savings Plan - Quarterly Dividend

HSBC MIP - Savings Plan - Quarterly Dividend - Direct Plan

25-Jul-16 0.06862 0.06357 13.405725-Aug-16 0.06862 0.06357 13.4935

28-Mar-16 0.20223 0.18737 13.067327-Jun-16 0.20223 0.18737 13.2353

28-Mar-16 0.20946 0.19406 13.764127-Jun-16 0.20223 0.18737 13.9636

26-Sep-16 0.06862 0.06357 13.6251

25-Jan-16 0.06862 0.06357 13.8945

26-Sep-16 0.20223 0.18737 13.7456

26-Sep-16 0.20223 0.18737 14.5395

26-Nov-15 0.06862 0.06357 14.267028-Dec-15 0.06862 0.06357 14.1949

Rating24-Feb-04

CRISIL MIP Blended Index

32.4227

8.84 years

5.65 years

20,388.58

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 44.74%

AAAand equivalents 26.44%

Equity 23.22%

Reverse Repos/ CBLOs 4.20%





Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC MIP - Savings Plan (HMIP-S)


• Regular Income over mediumterm

• Investment in fixed income(debt and money marketinstruments) as well as equityand equity related securities

* Investors should consult their financial advisers if in doubtabout whether the product is suitable for them.

HSBC MIP - Regular Plan (HMIP-R)An Open Ended Fund with Regular & Savings Plans. Monthly income is not assured and is subject to availability of distributable surplus.

Investment Objective: Seeks to generate reasonable returns through investments in Debt and Money Market Instruments. Thesecondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation.

31

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Fund Managers

SIP

Minimum ApplicationAmount

Growth

Quarterly Dividend

Monthly Dividend

SIP

Exit Load

per unit

.09.16


@


Regular 2.29%

Direct Plan 1.79%

Excludes service tax on Investment Management fees of 0.19%on Regular Plan and 0.19% on Direct Plan of Total NetAssets.

Asset Allocation



Equity 13.94%





FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY


Cash Equivalents

CBLO 20.33 0.26%





Equities

LIC Housing Finance 508.68 6.46% CRISIL AAA

Power Grid Corporation of India 425.46 5.41% CRISIL AAA

India Infradebt 302.49 3.84% CRISIL AAA

Rural Electrification Corporation 283.41 3.60% CARE AAA


HDFC 202.54 2.57% CRISIL AAA


NABARD 152.20 1.93% CRISIL AAA

HDFC Bank 128.56 1.63%

ICICI Bank 100.99 1.28%

ITC 57.92 0.74%


Arvind 50.57 0.64%


SRF 44.44 0.56%

Sun Pharmaceuticals Ind 35.65 0.45%

Axis Bank 35.19 0.45%

Castrol India 33.25 0.42%

MRF 33.07 0.42%


Crompton Greaves Cons Electrical 30.79 0.39%


UPL 28.98 0.37%






HDFC 25.08 0.32%

The Federal Bank 24.48 0.31%

LIC Housing Finance 23.15 0.29%


OCL India 23.05 0.29%

The Jammu & Kashmir Bank 21.74 0.28%

IPCA Laboratories 17.88 0.23%

V-Guard Industries 17.51 0.22%

Heritage Foods Ltd 17.17 0.22%


Hindustan Dorr-Oliver 8.74 0.11%

Aditya Birla Fashion and Retail 7.75 0.10%

7.72% GOVT OF INDIA RED 25-05-2025 971.63 12.35% SOVEREIGN




8.39% RAJASTHAN SDL RED 15-03-2026 318.74 4.05% SOVEREIGN




8.18% HARYANA SDL RED 15-06-2022 232.23 2.95% SOVEREIGN



IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Regular Plan - Monthly Dividend

HSBC MIP - Regular Plan - Monthly Dividend - Direct Plan

HSBC MIP - Regular Plan - Quarterly Dividend

25-Jul-16 0.05778 0.05353 11.6699

25-Aug-16 0.05778 0.05353 11.7536

28-Mar-16 0.18057 0.16729 11.7145

27-Jun-16 0.18057 0.16729 11.7723

26-Sep-16 0.05778 0.05353 11.8601

31-Jan-14 0.05065 0.04851 10.9791

28-Feb-14 0.05065 0.04851 11.0079

26-Sep-16 0.18057 0.16729 12.1866

Rating24-Feb-04

CRISIL MIP Blended Index

27.0241

8.95 years

5.87 years

8,359.27

Aditya Khemani

(for Equity portion) SanjayShah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 54.84%


Equity 13.94%




Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any.Face value: 10 per unit.`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over mediumterm

• Investment in fixed income(debt and money marketinstruments) as well as equityand equity related securities

HSBC MIP - Regular Plan (HMIP-R)



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Income Fund - Investment Plan (HIF-IP)An Open Ended Income Scheme

Investment Objective: Aims to provide reasonable income through a diversified portfolio of fixed income securities. The AMC'sview of interest rate trends and the nature of the Plans will be reflected in the type and maturities of securities in which the ShortTerm and Investment Plans are invested.

32

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.09.16


@


Regular 1.84%Direct Plan 1.09%Excludes service tax on Investment Management fees of 0.16%of Total NetAssets.

Asset Allocation





Securitised Debt 0.04%


* Based on invested Amount

FUND PORTFOLIO

Securitised Debt

Corporate/ PSU Debt


Cash Equivalents

CBLO 155.75 2.04%




Investments - Asset Back Security


India MBS 2002 Series I 2.86 0.04% CRISIL AAA (SO)

Export Import Bank of India 561.82 7.34% CRISIL AAA

Power Finance Corporation 411.10 5.37% CRISIL AAA



Rural Electrification Corporation 125.96 1.65% CARE AAA


7.68% GOVT OF INDIA RED 15-12-2023 1,009.41 13.19% SOVEREIGN







8.18% HARYANA SDL RED 15-06-2022 258.03 3.37% SOVEREIGN



8.53% PUNJAB SDL RED 30-03-2022 73.28 0.96% SOVEREIGN


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

26.7487

10.08 years

6.28 years

7.22%

7,431.99

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 70.45%



Net CurrentAssets 2.11% Dividend DeclarationRecord Date / periodof dividend declared




`

HSBC Income Fund - Investment Plan - Regular Option - Quarterly Dividend

HSBC Income Fund - Investment Plan - Institutional Option - Quarterly Dividend

28-Mar-16 0.17334 0.16060 11.1594

27-Jun-16 0.17334 0.16060 11.1494

26-Sep-16 0.17334 0.16060 11.4814

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


HSBC Income Fund - Short Term Plan (HIF-STP)An Open Ended Income Scheme

Investment Objective:Aims to provide reasonable income through a diversified portfolio of fixed income securities. TheAMC’sview of interest rate trends and the nature of the Plans will be reflected in the type and maturities of securities in which the ShortTerm and Investment Plans are invested.

33

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

.09.16


@


Regular 1.25%

Direct Plan 0.30%Excludes service tax on Investment Management fees of 0.00%of Total NetAssets.

Asset Allocation



Money Market Instruments 3.62%





FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt


Cash EquivalentsCBLO 2,224.73 1.11%Reverse Repos 2,986.23 1.49%Net Current Assets 1,942.45 0.99%Total Net Assets as on 30-Sep-2016 2,00,891.10 100.00%

Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

Andhra Bank 2,426.57 1.21% CARE A1+

Dalmia Cements (Bharat) 4,845.65 2.41% [ICRA]A1+

LIC Housing Finance 10,143.53 5.05% CRISIL AAANabha Power 7,620.02 3.79% [ICRA]AAANABARD 7,589.33 3.78% CRISIL AAAIndian Railway Finance Corporation 5,661.00 2.82% CRISIL AAARural Electrification Corporation 5,160.25 2.57% CARE AAAHDFC 5,068.19 2.52% CRISIL AAANABARD 5,062.56 2.52% CRISIL AAATata Capital Financial Services 5,051.89 2.51% CRISIL AA+Shriram Transport Finance Company 5,030.45 2.50% CRISIL AA+LIC Housing Finance 5,014.10 2.50% CRISIL AAACLP Wind Farm India Pvt 4,024.10 2.00% Fitch AARural Electrification Corporation 3,592.03 1.79% CRISIL AAAShriram Transport Finance Company 3,524.51 1.75% CRISIL AA+Power Grid Corporation of India 3,190.93 1.59% CRISIL AAAHDFC 3,110.80 1.55% CRISIL AAAPower Finance Corporation 3,029.72 1.51% CRISIL AAAPower Finance Corporation 2,590.88 1.29% CRISIL AAAPower Finance Corporation 2,585.22 1.29% CRISIL AAALIC Housing Finance 2,564.49 1.28% CARE AAASRF 2,549.85 1.27% Fitch AABajaj Finance 2,547.34 1.27% CRISIL AA+HDFC Bank 2,545.09 1.27% CARE AAASmall Industries Development Bank of India 2,537.49 1.26% CARE AAATata Capital Financial Services 2,532.10 1.26% CRISIL AA+HDFC 2,528.21 1.26% CRISIL AAANabha Power 2,526.95 1.26% [ICRA]AAA(SO)LIC Housing Finance 2,524.42 1.26% CARE AAATata Capital Financial Services 2,518.84 1.25% CRISIL AA+Power Grid Corporation of India 2,054.38 1.02% CRISIL AAAHDFC 2,025.43 1.01% CRISIL AAAEast North Interconnection Company 2,004.12 1.00% CRISIL AAA (SO)Power Finance Corporation 1,544.77 0.77% CRISIL AAAPower Finance Corporation 1,523.17 0.76% CRISIL AAAIndia Infradebt 1,512.46 0.75% CRISIL AAASmall Industries Development Bank of India 1,260.08 0.63% CARE AAARural Electrification Corporation 1,154.62 0.57% CARE AAARural Electrification Corporation 1,047.01 0.52% CRISIL AAAPower Grid Corporation of India 1,031.46 0.51% CRISIL AAAHDFC 1,013.29 0.50% CRISIL AAAEast North Interconnection Company 1,005.40 0.50% CRISIL AAA (SO)East North Interconnection Company 1,003.56 0.50% CRISIL AAA (SO)Rural Electrification Corporation 934.80 0.47% CRISIL AAALIC Housing Finance 506.70 0.25% CRISIL AAATata Capital Financial Services 500.97 0.25% CRISIL AA+Shriram Transport Finance Company 270.52 0.13% CRISIL AA+Rural Electrification Corporation 170.13 0.08% CRISIL AAAHDFC 90.04 0.04% CRISIL AAARural Electrification Corporation 70.75 0.04% CRISIL AAA

Sundaram BNP Paribas Home Finance 6,204.55 3.09% [ICRA]AA+Cholamandalam Investment & Fin Co 4,446.21 2.21% [ICRA]AACholamandalam Investment & Fin Co 2,780.61 1.38% [ICRA]AANABARD 943.27 0.47% CRISIL AAA

7.68% GOVT OF INDIA RED 15-12-2023 8,585.15 4.27% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 8,358.14 4.16% SOVEREIGN8.21% RAJASTHAN SDL RED 31-03-2019 5,123.79 2.55% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 4,220.44 2.10% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 3,762.59 1.87% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 3,187.35 1.59% SOVEREIGN8.27% RAJASTHAN SDL RED 23-06-2022 2,590.86 1.29% SOVEREIGN8.53% JHARKHAND SDL RED 30-03-2022 1,046.88 0.52% SOVEREIGN8.53% PUNJAB SDL RED 30-03-2022 1,046.88 0.52% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 1,020.81 0.51% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

26.0742

3.46 years

2.67 years

7.59%

2,26,109.24

Sanjay Shah &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 20.87%



Sovereign 19.38%





`

HSBC Income Fund - Short Term Plan - Regular Option - Monthly Dividend

HSBC Income Fund - Short Term Plan - Monthly Dividend - Direct Plan

HSBC Income Fund - Short Term Plan - Institutional Option - Monthly Dividend

HSBC Income Fund - Short Term Plan - Institutional Plus Option - Monthly Dividend

25-Jul-16 0.04784 0.04433 11.232125-Aug-16 0.05256 0.04870 11.2645

26-Oct-15 0.06396 0.05926 11.262726-Nov-15 0.05678 0.05261 11.2243

26-Sep-16 0.05485 0.05082 11.2958

26-Sep-16 0.56521 0.52366 12.0465

27-Jul-15 0.05814 0.05387 12.0045

30-Dec-11 0.08478 0.07266 10.120027-Jan-12 0.05533 0.04742 10.086624-Feb-12 0.05663 0.04854 10.0881

25-May-15 0.05330 0.04938 12.007825-Jun-15 0.06385 0.05915 11.9934


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over Mediumterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Short Term Plan (HIF-STP)



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Cash Fund (HCF)An Open Ended Liquid Scheme

Investment Objective: Aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity,through a portfolio of money market and debt securities.

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit

.09.16


@

Asset Allocation

Money Market Instruments 62.76%Cash Equivalents 18.57%Fixed Deposit 9.48%Treasury Bill 9.19%Net CurrentAssets 0.00%



FUND PORTFOLIO


Fixed Deposit

Treasury Bill

Cash Equivalents

CBLO 16,732.42 7.93%

Reverse Repos 22,459.77 10.64%


Total Net Assets as on 30-Sep-2016 2,11,040.17 100.00%


Commercial Paper

Fixed Deposit

Punjab & Sind Bank 7,425.30 3.52% [ICRA]A1+

The South Indian Bank 4,958.30 2.35% CARE A1+

Yes Bank 4,935.12 2.34% [ICRA]A1+

Oriental Bank of Commerce 2,476.89 1.17% CRISIL A1+

Edelwiess Commodities Services 12,360.59 5.86% CRISIL A1+


Shapoorji Pallonji and Company Pvt 10,353.80 4.91% [ICRA]A1+

Indiabulls Housing Finance 9,910.26 4.70% CRISIL A1+

India Infoline Housing Finance 9,845.83 4.67% CRISIL A1+

AU Financiers India 9,834.62 4.66% Fitch A1+

JM Financial Products 7,422.93 3.52% [ICRA]A1+

STCI Finance 7,394.40 3.50% CRISIL A1+

IL & FS Financial Services 4,964.48 2.35% Fitch A1+

JM Financial Credit Solutions 4,962.22 2.35% [ICRA]A1+

Welspun India 4,954.90 2.35% Fitch A1+

Inox Wind 4,948.16 2.34% CRISIL A1+

JK Tyre & Industries 4,946.34 2.34% CARE A1+

JK Lakshmi Cement 4,946.18 2.34% CARE A1+

JK Lakshmi Cement 2,474.48 1.17% CARE A1+

India Infoline Housing Finance 2,473.38 1.17% CRISIL A1+

Abu Dhabi Commercial Bank 10,000.00 4.74% Fixed Deposit

UCO Bank 10,000.00 4.74% Fixed Deposit

91 DAYS TREASURY BILL RED 03-11-2016 19,384.94 9.19% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1565.0156

0.13 years

0.13 years6.84%

2,52,553.83

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment,

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile

AAAand equivalents 62.76%Reverse Repos/ CBLOs 18.57%Fixed Deposit 9.48%Sovereign 9.19%Net CurrentAssets 0.00%





`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

25-Jul-16 4.09224 3.79138 1005.9161

25-Aug-16 4.30516 3.98865 1006.2109

25-Jul-16 4.10969 3.80755 1006.3070

25-Aug-16 4.34400 4.02463 1006.6314

26-Sep-16 4.32133 4.00363 1006.2333

26-Sep-16 4.36139 4.04074 1006.6555

26-Aug-11 0.04886 0.04686 10.1383

29-Sep-11 0.05876 0.05636 10.1509

28-Oct-11 0.05244 0.05030 10.1428

Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 1,000 per unit.`


Regular 0.13%

Direct Plan 0.07%


34

Investors understand that their principalwill be at low risk

Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:• Overnight Liquidity over short

term• Invests in Money Market

Instruments

HSBC Cash Fund (HCF)



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Ultra Short Term Bond Fund (HUSBF)An Open Ended Debt Scheme

Investment Objective: Seeks to provide liquidity and reasonable returns by investing primarily in a mix of short term debt andmoney market instruments.

35

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum ApplicationAmount

Sub Options

Exit Load

per unit

.09.16


@

Asset Allocation


Money Market Instruments 43.43%




** Composite index of CRISIL Liquid Fund Index(90%) andCRISIL Short Term Bond Fund Index(10%).


FUND PORTFOLIO


Corporate/ PSU Debt

Cash Equivalents

CBLO 298.38 0.67%





Commercial Paper


Zero Coupon Bonds

IDBI Bank 2,438.98 5.49% CRISIL A1+

Corporation Bank 2,435.19 5.48% CRISIL A1+

Export Import Bank of India 2,432.23 5.47% CRISIL AAA

Small Industries Development Bank of India 2,428.31 5.46% CARE A1+

Andhra Bank 2,344.01 5.27% CARE A1+

IndusInd Bank 2,339.79 5.26% CRISIL A1+

Shapoorji Pallonji and Company Pvt 2,465.19 5.55% [ICRA]A1+


Rural Electrification Corporation 2,541.05 5.72% CARE AAA

Cholamandalam Investment & Fin Co 2,521.05 5.67% [ICRA]AA

Indiabulls Housing Finance 2,517.12 5.66% CARE AAA

CLP Wind Farm India Pvt 2,509.85 5.65% Fitch AA

Shriram City Union Finance 2,007.05 4.52% CARE AA+

Tata Capital Financial Services 2,003.89 4.51% CRISIL AA+

Shriram Transport Finance Company 1,510.51 3.40% CRISIL AA+

HDFC 1,019.48 2.29% CRISIL AAA


Shriram Transport Finance Company 1,011.43 2.28% CRISIL AA+

Tata Capital Financial Services 1,003.83 2.26% CRISIL AA+

East North Interconnection Company 754.95 1.70% CRISIL AAA (SO)

Power Finance Corporation 510.01 1.15% CRISIL AAA




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

13.8965

0.87 years

0.80 years7.47%

50,377.57

Piyush Harlalka &Kapil Punjabi

Available10,000

1,000 p.m.(SIP)Growth, Daily Dividend,

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 33.29%







`

HSBC Ultra Short Term Bond Fund - Institutional Option - Monthly Dividend

HSBC Ultra Short Term Bond Fund - Monthly Dividend - Direct Plan

HSBC Ultra Short Term Bond Fund - Institutional Plus Option - Monthly Dividend

25-Jul-16 0.04979 0.04613 10.1957

25-Aug-16 0.04768 0.04417 10.1928

25-May-16 0.00122 0.00113 10.1814

27-Jun-16 0.05530 0.05123 10.2563

26-Sep-16 0.04915 0.04554 10.1948

28-Jan-11 0.04829 0.04501 10.3821

25-Feb-11 0.04125 0.03845 10.3741

25-Mar-11 0.05214 0.04859 10.3865

25-Jul-16 0.05459 0.05057 10.2553



Regular 1.00%

Direct Plan 0.20%


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:• Liquidity over short term• Investment in Debt / Money

Market Instruments

HSBC Ultra Short Term Bond Fund (HUSBF)


HSBC Flexi Debt Fund (HFDF)An Open Ended Debt Scheme

Investment Objective: Seeks to deliver returns in the form of interest income and capital gains, along with high liquidity,commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and moneymarket instruments.

36

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.09.16


@

Asset Allocation







FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 478.81 1.06%





Power Grid Corporation of India 2,236.29 4.94% CRISIL AAA

Power Grid Corporation of India 1,939.51 4.28% CRISIL AAA

LIC Housing Finance 1,539.52 3.40% CRISIL AAA

Rural Electrification Corporation 1,448.52 3.20% CARE AAA








8.53% BIHAR SDL RED 30-03-2022 2,093.76 4.62% SOVEREIGN

8.18% HARYANA SDL RED 15-06-2022 1,548.18 3.42% SOVEREIGN




8.53% PUNJAB SDL RED 30-03-2022 450.16 0.99% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

21.7401

11.12 years

6.78 years

7.25%

45,303.88

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 79.64%








`

HSBC Flexi Debt Fund - Regular Option - Monthly Dividend

HSBC Flexi Debt Fund - Institutional Option - Monthly Dividend

HSBC Flexi Debt Fund - Monthly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Quarterly Dividend

HSBC Flexi Debt Fund - Institutional Option - Quarterly Dividend

HSBC Flexi Debt Fund - Quarterly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Half Yearly Dividend

HSBC Flexi Debt Fund - Institutional Option - Half-yearly Dividend

HSBC Flexi Debt Fund - Half-yearly Dividend - Direct Plan

26-Apr-13 0.05836 0.04973 10.4949

31-May-13 0.11214 0.10740 10.6718

28-Jun-13 0.03263 0.03125 10.4175

25-Jul-16 0.16523 0.15308 10.8138

25-Aug-16 0.11924 0.11047 10.7501

28-Mar-16 0.18057 0.16729 11.7472

27-Jun-16 0.18057 0.16729 11.7456

28-Mar-16 0.18057 0.16729 12.0925

27-Jun-16 0.18057 0.16729 12.1211

28-Sep-15 0.36113 0.33458 12.3102

28-Mar-16 0.36113 0.33458 12.1335

28-Sep-15 0.36113 0.33458 11.6860

28-Mar-16 0.36113 0.33458 11.5335

26-Sep-16 0.11661 0.10804 10.7465

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

26-Oct-15 0.11441 0.10600 10.8719

25-Mar-15 0.18147 0.16829 12.2052

25-Jun-15 0.18057 0.16729 11.8869

26-Sep-16 0.36113 0.33458 12.5188

26-Sep-16 0.36113 0.33458 11.9179

28-Sep-15 0.18057 0.16729 11.9644

26-Sep-16 0.18057 0.16729 12.1092

26-Sep-16 0.18057 0.16729 12.5281

14-Sep-12 0.35236 0.30201 11.4315

15-Mar-13 0.35236 0.30201 11.6629



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


37

HSBC MIP - Savings & Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

For Debt portion: Sanjay Shah (from 14 August 2009) & ForEquity portion: Aditya Khemani (from 24 February 2009)

Sanjay Shah (from 09 January 2009)

Sanjay Shah (from 09 January 2009) & Piyush Harlalka (from 05 August 2015)

Kapil Punjabi (from 14 March 2014)

Piyush Harlalka (from 05 August 2015) & Kapil Punjabi (from 18 October 2014)

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

Sanjay ShahSenior Vice President Head - Fixed IncomeB. Com, A.C.A., Post Graduate Diploma in Management

Experience:

Over 17 years of experience in research and risk


Senior Vice President & Head – Fixed Income from November 2012 to present,

Vice President & Fund Manager, Fixed Income since December 2008 till November 2012.

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

Lehman Brothers Structured Financial Services Private LtdVice President, Convertible Products from September 2006 to September 2008

Rabo India Finance Private LtdSenior Manager – Credit Risk from July 2004 to September 2006

ICICI Bank LtdManager, Credit Risk from January 2003 to June 2004

SBI Funds Management Private LtdChief Manager, Debt Funds from June 1999 to January 2003

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

B.M.S, M.M.S (Mumbai University)

Experience:

Over 10 years of experience in research and Fund Management

HSBC Asset Management (India) Private Ltd.Vice President & Fund Manager - Fixed Income from March 04, 2014 onwards.

Taurus Asset Management Company LimitedFund Manager Fixed Income from June 07, 2012 to February 27, 2014.

Edelweiss Asset Management LimitedFund Manager Fixed Income from December 05, 2009 to June 06, 2012.

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

Trans Market Group Research (India) Private LimitedResearch Analyst and Proprietary Trader from May 2006 to October 2007.

�

�

�

�

�

Piyush Harlalka

Vice President & Fund Manager – Fixed Income

M.B.A, (Finance), C.A., C.S.

Experience:

Over 10 years of experience in research

HSBC Asset Management (India) Private Limited,

Vice President & Fund Manager – Fixed Income Mutual Fund Division from August 5, 2015 to present;

Vice President & Fund Manager - Portfolio Management Services Division from June 15 to August 4, 2015;

Vice President & Fund Manager – Fixed Income Mutual Fund Division - October 2010 to June 12, 2015;

Assistant Vice President - Investment Management - Portfolio Management Services Division - December 2008

to October 2010;

Research Analyst from July 2007 to November 2008.

Batlivala & Karanai Securities Pvt. Ltd. ,

Assistant Vice President & Research Analyst, from April 2006 to June 2007.

�

�

Funds Managed by - Sanjay Shah (for Debt portion) &Aditya Khemani (for Equity portion)

Funds Managed by - Sanjay Shah.

HSBC MIP - Regular Plan

HSBC MIP - Savings Plan





SinceInception

SinceInception

HSBC MIP - Regular Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)

Crisil 1 Year T-Bill Index (Standard Benchmark)


10,000, if invested in HMIP - R, would have become

10,000, if invested in Crisil MIP Blended Index, would have become

10,000, if invested in Crisil 1 Year T-Bill Index, would have become


`

`

`

`

HSBC MIP - Savings Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)



10,000, if invested in HMIP - S, would have become

10,000, if invested in Crisil MIP Blended Index, would have become



`

`

`

`

8.10% 10.44% 14.53% 8.20%

11.19% 10.67% 15.20% 8.09%

7.34% 8.83% 8.21% 5.97%

11.26% 13.49% 6.58% 5.70%

10,810 11,044 11,453 27,030

11,119 11,067 11,520 26,666

10,734 10,883 10,821 20,778

11,126 11,349 10,658 20,109

` ` ` `

` ` ` `

` ` ` `

` ` ` `

9.15% 10.58% 19.30% 9.78%

11.19% 10.67% 15.20% 8.09%

7.34% 8.83% 8.21% 5.97%

11.26% 13.49% 6.58% 5.70%

10,915 11,058 11,930 32,431

11,119 11,067 11,520 26,666

10,734 10,883 10,821 20,778

11,126 11,349 10,658 20,109

` ` ` `

` ` ` `

` ` ` `

` ` ` `




Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returnsare compounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.

`

`

Comparative Performance of Debt Schemes

38

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

HSBC Income Fund - Investment Plan Date of Inception : 10 Dec 02


HSBC Income Fund - Investment Plan - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


10,000, if invested in HIF - IP, would have become

10,000, if invested in Crisil Composite Bond Fund Index, would have become


`

`

`

9.12% 12.19% 8.41% 7.38%

11.53% 12.45% 11.46% 6.86%

11.26% 13.49% 6.58% 6.25%

10,912 11,219 10,841 26,754

11,153 11,245 11,146 25,019

11,126 11,349 10,658 23,105

` ` ` `

` ` ` `

` ` ` `

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Data for the period has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returnsare compounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.

October to September`

`

HSBC Flexi Debt Fund Date of Inception: 05 Oct 07


HSBC Flexi Debt Fund - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


10,000, if invested in HFDF, would have become

10,000, if invested in Crisil Composite Bond Fund Index, would have become


`

`

`

9.10% 12.66% 8.44% 9.03%

11.53% 12.45% 11.46% 8.08%

11.26% 13.49% 6.58% 7.24%

10,910 11,266 10,844 21,760

11,153 11,245 11,146 20,120

11,126 11,349 10,658 18,755

` ` ` `

` ` ` `

` ` ` `



39

HSBC Income Fund - STP Date of Inception : 10 Dec 02


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


10,000, if invested in HIF -ST, would have become

10,000, if invested in Crisil Short Term Bond Fund Index, would have become


`

`

`

8.32% 9.41% 9.34% 7.18%

9.32% 9.85% 10.06% 7.17%

7.34% 8.83% 8.21% 5.92%

10,832 10,941 10,934 26,079

10,932 10,985 11,006 26,050

10,734 10,883 10,821 22,133

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Sanjay Shah & Piyush Harlalka.

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

HSBC Cash Fund@

Date of Inception: 04 Dec 02


Oct 14 -Sep 15

Oct 13 -Sep 14

SinceInception

HSBC Cash Fund - Growth

Crisil Liquid Fund Index (SchemeBenchmark)

Crisil 91 Day T-Bill Index (StandardBenchmark)

`

`

`

10,000, if invested in HCF, would havebecome

10,000, if invested in Crisil Liquid FundIndex, would have become

10,000, if invested in Crisil 91 Day T-BillIndex, would have become

HSBC Ultra Short Term Bond Fund$

Date of Inception :17 Oct 06


HSBC Ultra Short Term Bond Fund - Growth



10,000, if invested in HUSTBF, would have become



`

`

`

7.74% 8.67% 9.40% 8.57%

7.84% 8.66% 9.54% 8.63%

7.34% 8.83% 8.21% 7.54%

10,774 10,867 10,940 20,245

10,784 10,866 10,954 20,336

10,734 10,883 10,821 18,654

` ` ` `

` ` ` `

` ` ` `


Last 7 Daysas on 30Sep 2016

Last 15 Daysas on 30

2016Sep

Last 30 Daysas on 30

2016Sep

7.17% 6.98% 6.91% 7.77% 8.58% 9.32% 8.69%

7.75% 7.15% 7.01% 7.67% 8.53% 9.48% 8.55%

7.08% 6.47% 6.49% 7.16% 8.44% 9.37% 8.15%

10,014 10,029 10,057 10,777 10,858 10,932 15,654

10,015 10,029 10,058 10,767 10,853 10,948 15,542

10,014 10,027 10,053 10,716 10,844 10,937 15,241

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


@ Pursuant to SEBI circular dated Sept 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single plan structure.Since there was no continuous NAV history available for the surviving Plan prior to 19 May 2011, returns since the said date have been considered forcalculating performance. The inception date of HSBC Cash Fund however is 4 December 2002.

Data for the period has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returnsare compounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.

October to September`

`


40

Fund Managed by - Piyush Harlalka & Kapil Punjabi.

* Composite index of CRISILLiquid Fund Index (90%) and CRISILShort Term Bond Fund Index (10%).

$ Pursuant to SEBI circular dated Sept. 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single planstructure.Since there was no continuous NAV history available for the surviving Plan prior to 1 October 2012, returns since the said date have been consideredfor calculating performance. The inception date of HSBC Ultra Short Term Bond Fund however is 17 October 2006.

Fund Managed by - Kapil Punjabi.

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Fund Manager

ApplicationAmount for Fresh Subscription

MinimumAdditionalAmount

Yield to Maturity

SIP

NAV

Benchmark

Entry Load

Exit Load

Modified Duration

Standard Deviation

Sharpe Ratio

Beta

AUM

Holdings

Nature of Scheme

Rating Profile

An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He isusually part of a larger team of fund managers and research analysts.

This is the minimum investment amount for a new investor in a mutual fund scheme,

This is the minimum investment amount for an existing investor in a mutual fund scheme.

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTMfactors in the bond's current market price, par value, coupon interest rate and time to maturity.

SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bankdeposit. For instance, an investor may opt for an SIP that invests 500 every 15 of the month in an equity fund for a period of three years.

The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. TheNAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Agroup of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance ofmutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Amutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at thetime an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, ifthe NAV is 100 and the entry load is 1%, the investor will enter the fund at 101.

Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time ofredemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be 99 per unit.

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation,its means its range of performance is wide, implying greater volatility.

The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated usingstandard deviation and excess return to determine reward per unit of risk.

Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than themarket.Abeta of greater than 1 implies that the security's price will be more volatile than the market.

AUM or assets under management refers to the recent I updated cumulative market value of investments managed by a mutual fund or anyinvestment firm.

The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed interms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being investedby the fund manager.

The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aimsat generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capitalpreservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in variousinvestments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

`

`

th

`

`

Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and mandated that the upfront commission to distributors will be paid by the investor directly to thedistributor, based on his assessment of various factors including the services rendered by the distributor.

Section II - How to read Factsheet

41

All returns have been sourced from MutualFundsIndia Explorer software unless otherwise stated. With regard to equity

schemes (including the equity component of MIPs), Fund performance is calculated on a total return basis (i.e. it includes

dividends re-invested) while the benchmark is calculated on a price return basis (i.e. it does not consider dividends re-

invested).

This document has been prepared by HSBCAsset Management (India) Private Ltd (HSBC) for information purposes only and

should not be construed as an offer or solicitation of an offer for purchase of any of the funds of HSBC Mutual Fund. All

information contained in this document (including that sourced from third parties), is obtained from sources HSBC, the third

party believes to be reliable but which it has not independently verified and HSBC, the third party makes no guarantee,

representation or warranty and accepts no responsibility or liability as to the accuracy or completeness of such information.

The information and opinions contained within the document are based upon publicly available information and rates of

taxation applicable at the time of publication, which are subject to change from time to time. Expressions of opinion are those of

HSBC only and are subject to change without notice. It does not have regard to specific investment objectives, financial

situation and the particular needs of any specific person who may receive this document. Investors should seek financial

advice regarding the appropriateness of investing in any securities or investment strategies that may have been discussed or

recommended in this report and should understand that the views regarding future prospects may or may not be realized.

Neither this document nor the units of HSBC Mutual Fund have been registered in any jurisdiction. The distribution of this

document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of

this document are required to inform themselves about, and to observe, any such restrictions. Mutual fund investments are

subject to market risks. Please read the Scheme Information Document carefully before investing.

Investors should not invest in the Scheme solely based on the information provided in this document and should read the

Combined Scheme Information Document and, Statement of Additional Information of the Fund for details. This document

does not constitute an offering document.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means,

electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Asset

Management (India) Private Ltd.

1800-200-2434 OR +91 44 39923900 to connect to our customer care centre.

022-4002 9600

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

HSBCAsset Management (India) Private Limited,

16, V.N. Road, Fort, Mumbai-400001

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

Mardia Plaza, CG. Road,Ahmedabad - 380 006.

No. 7, HSBC Centre, M.G. Road, Bengaluru - 560 001.

No. 13, Rajaji Salai, 2nd Floor, Chennai -600 001.

6-3-1107 & 1108, Rajbhavan Road, Somajiguda, Hyderabad - 50082.

Jasmine Tower, 1st Floor, 31, Shakespeare Sarani, Kolkata - 700 017.

16, V.N. Road, Fort, Mumbai - 400 001.

3rd Floor, East Tower, Birla Tower, 25, Barakhamba Road, New Delhi - 110 001.

AmarAvinash Corporate City, Sector No. 11, Bund Garden Road, Pune - 411011.

[email protected] www.assetmanagement.hsbc.com/in

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