the asset - hsbc focus on the medium term inflation target.this entails more accommodative policy...

The AssetFactsheet – September 2015

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Progressive Themes 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 Floating Rate Fund - Long Term Plan

HSBC Cash Fund

HSBC Gilt Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of MIP & Debt Schemes

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

Section II - How to read Factsheet

01

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30

31

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36

37

38

39

40

43

18

RBI's Monetary Policy

The Reserve Bank of India (RBI) reduced overnight Repo rate by 50 basis points (bps) to 6.75% in the recently held monetary policy review

meeting on September 29, 2015. The RBI has cut interest rate by 125 bps in the current cycle. Benign inflation outlook and pressure of

economic growth paved path for this move.

Rate cut action by the RBI was necessitated to provide impetus to domestic growth on back of weaker global demand. Further, given the

Government's commitment to respect its fiscal deficit target, onus fell on monetary policy to be accommodative. The RBI has used March

2017 inflation target of 5% as the goal post. Expecting, 1.5-2% real interest rates in 1 year Treasury bill, it has frontloaded rate reduction to 50

bps, which is appropriate at this stage of recovery.

The RBI also drew comfort from lower food inflation due to resolute supply management by Government, postponement of policy

normalization by the Federal Open Market Committee (FOMC) in the United States (US) and partial transmission of interest rate cuts till date

by banks in their lending rates.

Other major change was policy on FPI investments. FPI investment in Government Securities (G-Sec) will be increased to 5% in a phased

manner till March 2018 from 3.7% of current outstanding. Additionally 2% of limits in State Development Loan (SDL) will also be opened up.

About INR 130 billion in G-sec and INR 35 billion in SDLwill be opened up in each of the next two quarters

Fiscal deficit for April-August 2015 was lower at 66.5% of budgeted estimate against 79.3% last year on back of higher year-on-year (YoY)

disinvestment proceeds (though far from annual target), higher indirect taxes and lower oil subsidy. Capital expenditure continues in top gear

to provide boost to economy. However, weak direct tax collections and higher spending on food and fertilizer subsidy continues to be key

concerns.

India's inflation reading continued to get benefitted by weak commodity prices. The CPI reading for the month ofAugust 2015 came at 3.66%,

in line with market expectations and marginally lowers than previous month print of 3.69%. Though there was broad based sequential uptick

in food items on back of insufficient monsoon, decline in commodity prices and second round impact of earlier softening in prices resulted in

number under-shooting RBI's projected print of 4%. The core inflation declined to 5.5% against 5.7% a month ago.

Source: Bloomberg, RBI

Source: Bloomberg; Central Statistical Organisation (CSO) India

The Consumer Price Index (CPI) continues to reap benefits from lower commodity prices

The Wholesale Price Index (WPI) inflation moved further into negative territory with August 2015 reading coming at -4.9% against -4.1% a month ago. Most of

commodity linked components continue to show negative inflation.

Government front-loading capital expenditure

Lead Indicators


01

Repo Rate

Consumer Price Index (CPI)

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Ju

l/0

7

Oct/

07

Ja

n/0

8

Ap

r/0

8

Au

g/0

8

No

v/0

8

Fe

b/0

9

Ma

y/0

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Se

p/0

9

De

c/0

9

Ma

r/1

0

Ju

l/1

0

Oct/

10

Ja

n/1

1

Ma

y/1

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Au

g/1

1

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v/1

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Fe

b/1

2

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n/1

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p/1

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De

c/1

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Ma

r/1

3

Ju

l/1

3

Oct/

13

Ja

n/1

4

Ma

y/1

4

Au

g/1

4

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4

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r/1

5

Ju

n/1

5

Se

p/1

5

Repo Rate Movement

0

1

2

3

4

5

6

7

8

9

10

Jan

-14

Feb

-14

Ma

r-1

4

Ap

r-1

4

Ma

y-1

4

Jun

-14

Jul-

14

Au

g-1

4

Se

p-1

4

Oct

-14

No

v-1

4

De

c-1

4

Jan

-15

Feb

-15

Ma

r-1

5

Ap

r-1

5

Ma

y-1

5

Jun

-15

Jul-

15

Au

g-1

5

CPI Inflation (%)

Index of Industrial Production (IIP) building up

Data on Institutional Flows:

Industrial production growth at 4.2% in July 2015 is indicative of nascent signs of uptick in growth impulses. June 2015 IIP has been revised

higher by 60 bps at 4.4%, primarily driven by pickup in manufacturing segment. On the usage front, capital goods note a sharp 10.6% surge

while consumer durables grew at 11.4%.

The net inflows from the Foreign Institutional Investors (FIIs) remained in the negative zone though their pace of selling moderated during the

month. FIIs net sold Indian equities worth ~USD 861 million during the month taking their YTD tally down to ~USD 3.6 billion of net inflows.

However, FII outflows were more than compensated by continuing strong momentum from the domestic segments. Domestic Institutional

Investors (DIIs) led by MFs (~USD 1.3 billion net inflows) notched up ~USD 1.5 billion of net inflows during September 2015. The DIIs have so

far net bought equities worth ~USD 8.2 billion this year, entirely led by ~USD 8.9 billion net inflows from the domestic MFs.

Trade deficit for the month ofAugust 2015 registered a marginal decline at ~USD 12.5 billion (~USD 12.8 billion in July 2015), but was higher

than the consensus estimate of ~USD 10.7 billion. Exports at ~USD 21.3 billion (-20.7% YoY) continued to remain weak with declines in both

commodity and non-commodity segments and this was the ninth consecutive month of decline for exports overall. Total imports at ~USD 33.7

billion (-9.9% YoY) also contracted led by a decline in oil imports though non-oil imports saw an expansion due to pick-up in gold imports.

The Fed decided to hold the Fed Funds target rate at the 0.00 0.25% range. The move was not unanimous as there were voices to begin the

normalization process. The FOMC statement and press conference was modestly dovish given the strong focus on the inflation outlook and

concerns over global developments, but left the door open for an interest rate increase later this year.Although, the FOMC retains its positive

assessment of US economic activity, it said "recent global economic and financial developments may restrain economic activity somewhat

and are likely to put further downward pressure on inflation in the near term.” The Fed added that the risks to the US economy remained

nearly balanced but it was "monitoring developments abroad."

Source: Bloomberg; Central Statistical Organisation (CSO) India

‐

External

Trade deficit data:

Global Economic Scenario


Equity Market Update

Equity markets recovered after a weak start

Equity markets recovered after a weak start to the month and subsequently traded in a range bound manner. The markets closed marginally

lower, after the significant decline seen during the previous month. The Monsoon season of recorded a deficit of ~14%, which was slightly

higher than the Indian Meteorological Department (IMD) forecast for the full season (12%).

After a sharp depreciation seen in the previous month, the INR recovered and appreciated by ~1.3% during the month of September 2015 vs.

USD. Despite the volatility inAugust 2015, INR has been the third best-performing amongst the major Emerging Market currencies on a year-

to-date (YTD) basis

Market indices S&P BSE Sensex and NSE CNX Nifty were down at -0.5% and -0.3% respectively during the month of September 2015. S&P

BSE Midcap & Small cap indices closed higher and gained 0.6% and 0.5% respectively during September 2015.

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

02

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

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

Index of Industrial Production (IIP)

-1.0%

-0.8%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

Sensex BSE100 BSE200 BSE500 BSE MidCap BSESmallCap

Indices Performance - September 2015

03

Source: Bombay Stock Exchange (BSE)

From a near term perspective, the Bihar assembly elections, June – September 2015 quarter earnings season trends andglobal cues are likely to influence market movements. Bihar election is a crucial event for the ruling NDA coalition from a RajyaSabha standpoint and will be looked through the lens of whether the government is able to sustain its popularity after the LokSabha and other recent state assembly victories.

While there could be volatility in the near term, we do view this as an opportunity to build a case for a longer term exposure toIndia equities on a strategic basis, given the relative attractiveness for the Indian economy vis-à-vis its emerging marketcounterparts.

Estimates for earnings growth remain subdued for a year forward and the monsoon too has been below normal this year. Creditgrowth continues to be sub-par for the year and the much anticipated government investment push remains elusive. Themarket however is relatively much better in comparison to its emerging market peers that are more export and commodityoriented and may be a preferred play among foreign investors as a safe haven. We stay positive on equities and and look at thisasset class as an avenue for long term wealth creation.

Bond prices witnessed significant rally during the month of September 2015. Lower than expected Gross Domestic Product(GDP) growth laid down foundation for the month. However, caution prevailed as in-line inflation release and Current AccountDeficit (CAD) numbers failed to steer market in bullish mode ahead of FOMC meeting. Markets rallied post US Federal Reserve(Fed) meeting outcome as rates were left un-changed with marginally dovish tone. Markets rallied significantly post, higherthan expected easing in benchmark rates with 10 year Government Securities (G-sec) touching low of 7.51% against previousmonth close of 7.79%. Shorter end bond yields rallied more with spreads between 5 years and 10 years compressing from 10bps to 5 bps whereas 10- 30 years spreads expanded to 28 bps from 22 bps signifying shorter end discounting bulk of recentcut.

The corporate bond curve witnessed expansion of spreads during the month, particularly in lower than AAA papers.Participants went into caution mode post few downgrades by rating agencies.

Overnight and money market rates continued to trade actively as system liquidity remained positive. Front loading ofexpenditure by Government and pro-active liquidity management by the RBI kept overnight rates in close proximity to reporate.

Growth with eye on the inflation target is the focus of the RBI now. With credit growth still in single digit and with capital infusionby the government, it is imperative for banks to pass on the rate reduction to borrowers. This may help build some demand andexpand capacities in the long run. This coupled with softer commodity prices may result in further easing in inflation outlookpaving way for future rate cuts.

Policy rates being reduced by 50 bps, emphasis will now shift to reduction in other rates in the economy viz. small savings rateand bank lending rates that have not reduced commensurately. With lower inflation, in the immediate term, the RBI can affordto focus on the medium term inflation target. This entails more accommodative policy and to be data dependent to build up thesupply side rather than just curbing demand. Effectively, with growth pressures being transmitted across boundaries, centralbanks are being forced to focus on stimulating domestic growth in the absence of demand support from external markets.

With overnight at 6.75%, current level of gilts still presents good value. The next few months are going to witness demand andsupply in gilts getting balanced due to incremental FPI demand and maturities. This also takes into account the marginal frontloading of the borrowing calendar in the second half of the financial year. The borrowing buckets are in line with expectationswith additional first time maturity of a 40 year G-sec. With gold monetization expected at INR 150 billion, government borrowingis scheduled to be lower by that amount. With ample liquidity and credit off-take at its low, it makes sense for investors tocontinue to invest in duration.

Equity market outlook

Debt Market Update

Debt market outlook

Source: Bloomberg, for all data except where mentioned otherwise


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 FundBeing overweight consumer discretionary, information technology and underweight consumer staples helped performance while being

underweight materials, utilities hurt performance.

Review: HSBC India Opportunities FundBeing overweight consumer discretionary and underweight consumer staples helped performance while being overweight information

technology and underweight utilities hurt performance.

Review: HSBC Midcap Equity FundBeing overweight consumer discretionary and underweight consumer staples, healthcare helped performance while being overweight

industrials, materials and underweight financials, utilities hurt performance.

Review: HSBC Progressive Themes Fund

Currently focusing on the following themes :

1. . Economic Reforms (22%) which includes Financial sector reform– 10.3% and Oil & Gas Sector deregulation sub theme- 11.8% and

2. Infrastructure (61.7%) which includes Power- 9.1%, Construction– 33.2% and Logistics- 19.5%. Well diversified exposure across

sectors encompassing the above themes.

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 13.48% in HMIP Regular and 22.40% in HMIP Savings plan. 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 2.39%

Direct Plan 1.69%

0.83

Excludes service tax on Investment Management fees of 0.20%of Total NetAssets.

Asset Allocation

Auto 7.09%AutoAncillaries 1.30%Banks 25.48%Cement 1.65%Construction 2.33%Construction Project 3.24%Consumer Non Durables 6.34%Finance 5.46%Minerals/Mining 2.65%Pesticides 1.86%Petroleum Products 3.68%Pharmaceuticals 9.81%Services 2.21%Software 18.11%Telecom - Services 2.36%Textile Products 2.80%Other Equity Investments 2.56%Reverse Repos/CBLOs 1.13%Net CurrentAssets -0.06%Total NetAssets 100.00%

Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate:7.04 (FIMMDA-NSE Mibor) as on September 30,2015)

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

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Services

Software

Telecom - Services

Textile Products

Other Equity Investments 1,740.42 2.56%

Cash Equivalents

CBLO 765.25 1.13%

Net Current Assets -31.41 -0.06%

Total Net Assets as on 30-Sep-2015 67,930.75 100.00%

Maruti Suzuki India 2,577.08 3.79%

Tata Motors 2,239.50 3.30%

MRF 880.65 1.30%

HDFC Bank 5,344.00 7.87%

ICICI Bank 3,784.90 5.57%

Axis Bank 2,973.90 4.38%

Yes Bank 2,371.53 3.49%

Indusind Bank 1,884.90 2.77%

State Bank of India 948.60 1.40%

Ultratech Cement 1,122.83 1.65%

J.Kumar Infraprojects 1,582.60 2.33%

Larsen & Toubro 2,199.38 3.24%

I T C 3,288.00 4.84%

Hindustan Unilever 1,018.44 1.50%

HDFC 2,425.50 3.57%

Bajaj Finance 1,282.81 1.89%

Coal India 1,801.80 2.65%

UPL 1,260.33 1.86%

Reliance Industries 1,724.60 2.54%

Hindustan Petroleum Corporation 773.95 1.14%

Sun Pharmaceutical Industries 1,563.12 2.30%

Divi's Laboratories 1,337.94 1.97%

Glenmark Pharmaceuticals 1,259.04 1.85%

Cadila Healthcare 1,255.02 1.85%

Dr. Reddy's Laboratories 1,248.71 1.84%

Aditya Birla Nuvo 1,500.84 2.21%

Infosys 4,938.29 7.27%

Tata Consultancy Services 3,105.66 4.57%

HCL Technologies 2,946.45 4.34%

Tech Mahindra 1,309.77 1.93%

Bharti Airtel 1,604.79 2.36%

Welspun India 1,901.59 2.80%

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

19-Nov-10 2.00000 2.00000 29.3244

22-Feb-13 2.50000 2.50000 26.1962

27-Jun-14 2.50000 2.50000 31.2065

HSBC Equity Fund - Dividend - Direct Plan

22-Feb-13 2.50000 2.50000 26.2505

27-Jun-14 2.50000 2.50000 31.5845

Date of Allotment

Benchmark

NAV (Growth)(as on 30.09.15)

Monthly Average AUM

(In Lakhs)

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

@

Statistical Ratios

10-Dec-02

S&P BSE 200

144.2977

64,308.37

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

0.98%

`

`

`

0.9486

1.0258

0.0230

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*:

�

�

�

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 2.44%

Direct Plan 1.74%

0.56


Asset Allocation

Auto 6.46%AutoAncillaries 1.62%Banks 24.21%Cement 1.45%Chemicals 1.64%Construction 5.29%Construction Project 4.08%Consumer Non Durables 4.88%Finance 2.48%Industrial Products 1.67%Minerals/Mining 1.77%Pesticides 1.86%Petroleum Products 2.33%Pharmaceuticals 8.62%Software 17.57%Telecom - Services 2.44%Textile Products 5.82%Other Equity Investments 3.91%Reverse Repos/CBLOs 2.31%Net CurrentAssets -0.41%Total NetAssets 100.00%





FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction



Finance

Industrial Products

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products


Cash Equivalents

CBLO 1,278.02 2.31%



Eicher Motors 1,423.33 2.57%

Tata Motors 1,358.63 2.45%

Maruti Suzuki India 796.55 1.44%

Apollo Tyres 899.75 1.62%

HDFC Bank 4,008.00 7.23%

ICICI Bank 3,244.20 5.85%

Axis Bank 2,329.56 4.20%

Yes Bank 2,189.10 3.95%

Indusind Bank 1,649.29 2.98%

Ultratech Cement 802.02 1.45%

Vinati Organics 910.60 1.64%

Ahluwalia Contracts (India) 804.30 1.45%

MBL Infrastructures 723.15 1.30%

IRB Infrastructure Developers 712.05 1.28%

KNR Constructions 701.13 1.26%

Larsen & Toubro 1,686.19 3.04%

Power Mech Projects 577.15 1.04%

I T C 1,972.80 3.56%

Hindustan Unilever 733.28 1.32%

Bajaj Finance 769.69 1.39%

HDFC 606.38 1.09%

Supreme Industries 927.75 1.67%

Coal India 982.80 1.77%

UPL 1,031.18 1.86%

Reliance Industries 1,293.45 2.33%

Glenmark Pharmaceuticals 1,311.50 2.37%

Torrent Pharmaceuticals 1,126.69 2.03%

IPCA Laboratories 927.25 1.67%

Divi's Laboratories 836.21 1.51%

Aurobindo Pharma 576.90 1.04%

Infosys 3,660.14 6.60%

HCL Technologies 2,357.16 4.25%


Tech Mahindra 836.03 1.51%

Cyient 558.65 1.01%

Bharti Airtel 1,351.40 2.44%


Arvind 838.05 1.51%

Indian Terrain Fashions 699.77 1.26%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

04-Feb-13 1.50000 1.50000 17.7319

27-Jun-14 1.50000 1.50000 23.2323

17-Mar-15 2.70000 2.70000 27.0820

04-Feb-13 1.50000 1.50000 17.7519

27-Jun-14 1.50000 1.50000 23.5020

17-Mar-15 1.50000 1.50000 27.5575

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


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Feb-04

S&P BSE 500

61.7008

52,261.22

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

0.95%

0.9278

0.9962

0.0453

`

`

`


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)


�

�

�



Low riskLOW RISK

(BLUE)



07

FUND DETAILS


Portfolio Turnover

Regular 2.51%

Direct Plan 1.81%

0.42

Excludes service tax on Investment Management fees of 0.22%on Regular Plan and 0.21% on Direct Plan of Total NetAssets.

Asset Allocation





FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction


Consumer Durables


Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Textiles - Synthetic

Transportation


Cash Equivalents

CBLO 529.12 1.27%



Vst Tillers Tractors 711.19 1.71%

Apollo Tyres 1,115.69 2.68%

Ceat 1,025.56 2.46%

Sundram Fasteners 444.48 1.07%

Suprajit Engineering 433.92 1.04%

DCB Bank 1,393.37 3.34%

Yes Bank 1,043.47 2.50%

Everest Industries 422.46 1.01%

Vinati Organics 1,293.84 3.10%


National Buildings Construction Corp 664.83 1.59%



Mirza International 1,209.10 2.90%

CCL Products (India) 1,932.02 4.63%

Indiabulls Housing Finance 1,679.42 4.03%

Motilal Oswal Financial Services 1,276.81 3.06%

Dewan Housing Finance Corporation 1,269.11 3.04%

Cholamandalam Investment & Fin Co. 1,219.67 2.93%

Sanghvi Movers 1,070.69 2.57%

BEML 712.94 1.71%

Ramkrishna Forgings 1,049.86 2.52%

Finolex Industries 582.54 1.40%

Jagran Prakashan 799.02 1.92%

Hindustan Media Ventures 621.40 1.49%

UPL 1,494.06 3.58%

PI Industries 909.48 2.18%

Hindustan Petroleum Corporation 1,091.27 2.62%

Gulf Oil Lubricants India 909.37 2.18%

Aurobindo Pharma 1,235.44 2.96%

Torrent Pharmaceuticals 676.01 1.62%

Wockhardt 625.56 1.50%

Kalpataru Power Transmission 605.60 1.45%

Sonata Software 797.09 1.91%


Arvind 670.44 1.61%


Sarla Performance Fibers 709.81 1.70%

Adani Ports & Special Economic Zone 717.60 1.72%

Gateway Distriparks 667.95 1.60%

Gujarat Pipavav Port 576.07 1.38%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend

24-Mar-08 0.75 0.75 13.3797

11-Dec-09 1.00 1.00 13.8927

19-Nov-10 2.00 2.00 15.4864

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

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

19-May-05

S&P BSE Midcap

38.8273

40,534.78

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

1.10%

0.8448

1.0333

0.0369

`

`

`


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 1.71%AutoAncillaries 7.25%Banks 5.84%Cement 1.01%Chemicals 3.10%Construction 4.66%Construction Project 1.80%Consumer Durables 2.90%Consumer Non Durables 4.63%Finance 13.06%Industrial Capital Goods 4.28%Industrial Products 3.92%Media & Entertainment 3.41%Pesticides 5.76%Petroleum Products 4.80%Pharmaceuticals 6.08%Power 1.45%Software 1.91%Textile Products 7.12%Textiles - Synthetic 1.70%Transportation 4.70%Other Equity Investments 8.31%Reverse Repos/CBLOs 1.27%Net CurrentAssets -0.67%Total NetAssets 100.00%

HSBC Progressive Themes Fund (HPTF)


�

�

�



Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

23-Feb-06

S&P BSE 200

17.7233

12,582.65

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

1.34%

0.7357

1.2338

0.0059

`

`

`


Portfolio Turnover

Regular 2.64%

Direct Plan 1.94%

0.15


Asset Allocation

AutoAncillaries 4.13%Banks 4.50%Cement 7.36%Construction 16.14%Construction Project 1.15%Ferrous Metals 1.51%Finance 5.17%Gas 1.85%Industrial Capital Goods 7.33%Industrial Products 8.18%Minerals/Mining 1.50%Oil 1.38%Petroleum Products 8.55%Power 7.58%Transportation 19.45%Other Equity Investments 3.88%Reverse Repos/CBLOs 1.06%Net CurrentAssets -0.72%Total NetAssets 100.00%





FUND PORTFOLIO

Auto Ancillaries

Banks

Cement

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Oil

Petroleum Products

Power

Transportation

Other Equity Investments 493.79 3.88%

Cash Equivalents

CBLO 135.20 1.06%




Jammu & Kashmir Bank 364.18 2.86%

Karnataka Bank 208.73 1.64%

Everest Industries 627.42 4.93%

HIL 308.95 2.43%

National Buildings Construction Corp 818.40 6.43%



KNR Constructions 223.62 1.76%

Larsen & Toubro 146.63 1.15%

Jindal Saw 191.55 1.51%

Rural Electrification Corporation 657.72 5.17%

Gujarat State Petronet 235.40 1.85%

BEML 693.79 5.45%

Sanghvi Movers 239.03 1.88%

FAG Bearings India 1,040.05 8.18%

Gujarat Mineral Development Corp. 190.18 1.50%

Aban Offshore 175.64 1.38%

Hindustan Petroleum Corporation 816.52 6.42%

Indian Oil Corporation 270.28 2.13%

Power Grid Corporation of India 363.96 2.86%

Reliance Infrastructure 220.92 1.74%

PTC India 191.09 1.50%

JSW Energy 188.40 1.48%


Gujarat Pipavav Port 861.88 6.78%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Progressive Themes Dividend

11-May-07 1.00 1.00 12.2390

26-May-08 1.00 1.00 13.7160

An Open Ended Flexi-Theme 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 Progressive Themes Fund (HPTF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

05-Jan-07

S&P BSE 200

26.5443

17,724.59

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

0.92%

0.8882

0.9337

0.0487

`

`


Portfolio Turnover

Regular 2.59%

Direct Plan 1.89%

0.58


Asset Allocation

Auto 5.38%AutoAncillaries 4.16%Banks 24.40%Cement 3.76%Construction Project 2.98%Consumer Non Durables 4.97%Finance 4.40%Industrial Capital Goods 2.21%Industrial Products 1.60%Minerals/Mining 1.37%Non - Ferrous Metals 1.84%Oil 1.51%Pesticides 1.15%Petroleum Products 1.28%Pharmaceuticals 7.13%Services 2.33%Software 13.73%Textile Products 9.05%Transportation 4.21%Other Equity Investments 0.92%Reverse Repos/CBLOs 2.54%Net CurrentAssets -0.92%

Total NetAssets 100.00%





FUND PORTFOLIO

Auto


Tata Motors 418.80 2.34%

MRF 439.49 2.45%


HDFC Bank 1,026.05 5.73%

Axis Bank 810.39 4.52%

ICICI Bank 806.99 4.50%

Indusind Bank 659.72 3.68%

Federal Bank 417.03 2.33%



The Ramco Cements 357.86 2.00%



I T C 546.13 3.05%

Kaveri Seed Company 343.40 1.92%

LIC Housing Finance 425.51 2.37%

HDFC 363.83 2.03%

Crompton Greaves 396.14 2.21%


Coal India 245.70 1.37%

Hindustan Zinc 328.96 1.84%

Oil & Natural Gas Corporation 270.63 1.51%

UPL 206.24 1.15%

Reliance Industries 228.51 1.28%

Sun Pharmaceutical Industries 529.72 2.96%


Dr. Reddy's Laboratories 274.72 1.53%

Aditya Birla Nuvo 418.09 2.33%


Infosys 1,020.19 5.69%

HCL Technologies 392.86 2.19%

Welspun India 591.06 3.30%

Arvind 382.71 2.14%

SRF 346.07 1.93%




Auto Ancillaries

Banks

Cement



Finance


Industrial Products

Minerals/Mining

Non - Ferrous Metals

Oil

Pesticides

Petroleum Products

Pharmaceuticals

Services

Software

Textile Products

Transportation


Cash Equivalents

CBLO 454.57 2.54%



IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

19-Feb-10 1.00000 1.00000 12.8713

17-Oct-14 1.50000 1.50000 22.1053

17-Mar-15 2.50000 2.50000 23.9029

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

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Sep-07

S&P BSE 200

13.3197

5,764.71

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

0.8172

0.0166

`

`

`

0.79%

0.9330


Portfolio Turnover

Regular 2.69%

Direct Plan 1.99%


0.77

Asset Allocation

Auto 6.67%AutoAncillaries 1.04%Banks 18.55%Cement 1.39%Construction Project 4.46%Consumer Non Durables 10.15%Finance 5.27%Minerals/Mining 1.99%Pesticides 1.99%Petroleum Products 4.34%Pharmaceuticals 7.32%Power 2.37%Software 11.31%Telecom - Services 1.88%Transportation 2.08%Reverse Repos/CBLOs 19.86%Net CurrentAssets -0.67%Total NetAssets 100.00%




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



Hero Motocorp 71.84 1.25%

Motherson Sumi Systems 59.89 1.04%

HDFC Bank 480.96 8.35%

ICICI Bank 243.32 4.23%

Axis Bank 198.26 3.44%

Yes Bank 145.94 2.53%



I T C 295.92 5.14%


Asian Paints 100.99 1.75%

Colgate Palmolive (India) 57.69 1.00%

HDFC 303.19 5.27%

Coal India 114.66 1.99%

UPL 114.58 1.99%


Glenmark Pharmaceuticals 183.61 3.19%


Cipla 85.87 1.49%

Power Grid Corporation Of India 136.32 2.37%

Infosys 348.59 6.05%

Tata Consultancy Services 155.28 2.70%

HCL Technologies 147.32 2.56%

Bharti Airtel 108.11 1.88%


Auto Ancillaries

Banks

Cement



Finance

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

Cash Equivalents

CBLO 1,143.76 19.86%




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

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

21-Mar-07

S&P BSE 200

15.8045

4,202.95

Gaurav Mehrotra &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

0.89%

0.9259

0.9184

0.0274

`

`

`


Portfolio Turnover

Regular 2.34%

Direct Plan 1.64%

0.26


Asset Allocation

Auto 6.37%

AutoAncillaries 3.02%

Banks 19.99%

Cement 1.59%

Chemicals 1.34%

Construction 2.21%

Construction Project 3.54%

Consumer Non Durables 7.86%

Finance 5.21%

Minerals/Mining 5.05%

Non - Ferrous Metals 2.29%

Oil 2.49%

Petroleum Products 3.79%

Pharmaceuticals 4.41%

Power 2.75%

Software 19.99%

Textile Products 1.76%

Transportation 3.38%

Other Equity Investments 0.78%

Reverse Repos/CBLOs 2.63%

Net CurrentAssets -0.45%





FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

Investment Objective: To provide long-term capital growth from a diversified portfolio of equity and equity related

instruments. The focus would be to invest in stocks of companies facing "out-of-ordinary" conditions.

Auto

Hero Motocorp 120.92 2.83%



MRF 129.16 3.02%

ICICI Bank 319.28 7.46%

Axis Bank 173.48 4.05%

HDFC Bank 149.63 3.50%

Karur Vysya Bank 148.07 3.46%


ACC 68.01 1.59%

Tata Chemicals 57.26 1.34%



I T C 253.54 5.92%


Indiabulls Housing Finance 127.05 2.97%

IDFC 95.91 2.24%

Coal India 216.22 5.05%


Oil & Natural Gas Corporation 106.65 2.49%

Bharat Petroleum Corporation 119.10 2.78%


Lupin 110.36 2.58%


NTPC 117.56 2.75%

Infosys 409.70 9.57%


Wipro 130.93 3.06%

Eclerx Services 95.21 2.22%



Auto Ancillaries

Banks

Cement

Chemicals

Construction



Finance

Minerals/Mining

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Transportation


Cash Equivalents

CBLO 112.66 2.63%




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 98.23%








FUND PORTFOLIO

Overseas Mutual Fund

HSBC GIF Global Emerg Mkts Eq S1 Dis 828.87 98.23%

Cash Equivalents

CBLO 20.55 2.44%


Total Net Assets as on 30-Sep-2015 843.83 100.00%

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

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

9.5721

873.84

Anitha Rangan(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

0.74%

0.5560

0.9510

-0.0310

`

`

`





`

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 2.29%

Direct Plan 1.59%



Asset Allocation








FUND PORTFOLIO


HSBC GIF ASIA PACIFIC EX JAPAN EQ HD-S9D 2,018.77 98.01%

Cash Equivalents

CBLO 52.90 2.57%



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

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Feb-14

MSCI AC Asia Pacific

ex Japan

9.2610

2,140.31

Anitha Rangan (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

0.63%

0.7150

0.7440

-0.0460

`

`

`


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








FUND PORTFOLIO


HSBC GIF BRAZIL EQUITY S3D 2,297.89 99.47%

Cash Equivalents

CBLO 42.99 1.86%



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

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

4.3222

2,445.97

Anitha Rangan(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

1.57%

0.4780

0.7520

-0.0540

`

`

`


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 2.27%

Direct Plan 2.00%


Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.19% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation

Mutual Fund 97.23%


Net CurrentAssets 0.48%





FUND PORTFOLIO

Mutual Fund

HSBC Equity Fund - Growth Direct 7,092.05 53.31%

HSBC Midcap Equity Fund - Growth Direct 2,333.92 17.54%

HSBC Income Fund Short Term - Growth Direct 1,741.06 13.09%

HSBC Income Fund Inv Plan Growth Direct 1,380.29 10.37%

HSBC Flexi Debt Fund Growth Direct 389.12 2.92%

Cash Equivalents

CBLO 304.68 2.29%

Net Current Assets 63.16 0.48%


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

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

12.7273

12,879.16

Anitha Rangan (DedicatedFund Manager for investments

in foreign securities)

Gaurav Mehrotra (Formanaging investments in

Indian Market – Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

0.77%

0.9404

0.7930

0.0394

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 2.08%

Direct Plan 1.83%



Asset Allocation

Mutual Fund 99.16%







FUND PORTFOLIO

Mutual Fund



HSBC Flexi Debt Fund Growth Direct 4,180.19 17.34%



Cash Equivalents

CBLO 554.09 2.30%



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

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

30-Apr-14

CRISIL Balanced Fund Index

12.4157

24,129.35







Available

5,000

1,000 p.m.(SIP)

Nil

0.54%

0.6289

0.5769

0.0484

`

`

`


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 1.64%

Direct Plan 1.39%



Asset Allocation

Mutual Fund 98.08%







FUND PORTFOLIO

Mutual Fund


HSBC Flexi Debt Fund Growth Direct 10,765.45 33.85%




HDFC Income Fund Direct Plan - Growth 778.24 2.45%

Cash Equivalents

CBLO 512.18 1.61%



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

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

11.7928

31,242.15







Available

5,000

1,000 p.m.(SIP)

Nil

0.21%

0.7691

0.1956

0.0841

`

`

`

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


HSBC GIF-China Consumer Opp S5 Cap 1,474.63 99.49%

Cash Equivalents

CBLO 53.88 3.64%



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

Standard Deviation

R-Squared

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

23-Feb-15

MSCI AC World Index

9.1981

1,547.29

Anitha Rangan (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

1,000 p.m.(SIP)

Nil

0.74%

0.4.000

0.6750

0.1030

`

`

`

5,000


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)



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Low riskLOW RISK

(BLUE)



19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Progressive Themes 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)

Gaurav Mehrotra and Amaresh Mishra (from 02 July 2012)

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

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, Grad CWA, Diploma in Foreign Trade Management (DFTM)

Experience:

Over 18 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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Gaurav Mehrotra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Management, Bachelor of Engineering

Over 9 years experience in research.

HSBC Asset Management (India) Private LtdVice President & Assistant Fund Manager, from April 2012 to present,Associate Vice President, Investment Management from September 2007 to March 2012

JPMorgan Services India Private LtdEquity Research from August 2005 to September 2007

Tata Consultancy Services LtdBusiness Analyst from June 2004 to July 2005

Experience:

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Low riskLOW RISK

(BLUE)



20

Neelotpal Sahai

Senior Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 21 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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Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 9 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 9 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

Associate Vice President - Investment Management

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

Over 8 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 14 -Sept 15

Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

HSBC Equity Fund - Growth

S&P BSE 200 (Scheme Benchmark)

CNX Nifty (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 CNX Nifty, would have become

`

`

`

3.91% 39.29% -3.13% 23.16%

3.35% 41.56% -1.54% 18.40%

0.04% 37.80% 0.29% 17.00%

10,391 13,929 9,687 1,45,124

10,335 14,156 9,846 87,474

10,004 13,780 10,029 75,051

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 13 -Sept 14

Oct 13 -Sept 14

Oct 12 -Sept 13

Oct 12 -Sept 13

SinceInception

SinceInception

HSBC India Opportunities Fund - Growth



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



`

`

`

HSBC Dynamic Fund - Growth



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



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6.18% 66.02% -5.84% 16.98%

3.47% 44.01% -3.06% 14.17%

0.04% 37.80% 0.29% 13.54%

10,618 16,602 9,416 61,727

10,347 14,401 9,694 46,580

10,004 13,780 10,029 43,658

` ` ` `

` ` ` `

` ` ` `

2.97% 32.09% -5.21% 3.64%

3.35% 41.56% -1.54% 6.19%

0.04% 37.80% 0.29% 6.13%

10,297 13,209 9,479 13,321

10,335 14,156 9,846 16,190

10,004 13,780 10,029 16,119

` ` ` `

` ` ` `

` ` ` `

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 are 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 the specific time period, invested at the start of the period. The returns provided above have beenrounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.

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Funds Managed by - Anitha Rangan.

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


Oct 13 -Sept 14

Oct 12 -Sept 13

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


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-16.55% -1.38% 18.01% -0.58%

-8.70% 5.68% 4.57% 0.17%

0.04% 37.80% 0.29% 7.83%

8,345 9,862 11,801 9,572

9,130 10,568 10,457 10,125

10,004 13,780 10,029 17,656

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` ` ` `

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21

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) DividendYield Fund

Date Of Inception : 06 May 11




Oct 14 -Sept 15

Oct 14 - Sept 15

Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

Since Inception

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


`

`

`

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


`

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-47.70% -13.31% 5.10% -17.34%

-47.52% -8.87% -9.86% -22.47%

0.04% 37.80% 0.29% 8.49%

5,230 8,669 10,510 2,71,433

5,248 9,113 9,014 8,23,948

10,004 13,780 10,029 2,435

` ` ` `

` ` ` `

` ` ` `

-11.25% -4.69%

-16.85% -9.18%

0.04% 17.00%

8,875 9,260

8,315 8,573

10,004 12,855

` `

` `

` `

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 are compoundedannualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark is prescribed bySEBI 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. Thereturns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.

`

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Fund Managed by Gaurav Mehrotra and Amaresh Mishra.

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


Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

HSBC Dividend Yield Equity Fund - Growth



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



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`

`

2.39% 50.15% -8.23% 5.51%

3.35% 41.56% -1.54% 9.55%

0.04% 37.80% 0.29% 9.15%

10,239 15,015 9,177 15,807

10,335 14,156 9,846 21,780

10,004 13,780 10,029 21,120

` ` ` `

` ` ` `

` ` ` `


22

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


Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

HSBC Tax Saver Equity Fund - Growth



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



`

`

`

8.19% 61.89% -3.84% 11.82%

3.35% 41.56% -1.54% 8.35%

0.04% 37.80% 0.29% 8.23%

10,819 16,189 9,616 26,552

10,335 14,156 9,846 20,156

10,004 13,780 10,029 19,959

` ` ` `

` ` ` `

` ` ` `

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 Progressive Themes Fund Date of Inception : 23 Feb 06


Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

HSBC Progressive Themes Fund - Growth



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



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`

11.71% 97.34% -30.25% 6.14%

3.35% 41.56% -1.54% 10.55%

0.04% 37.80% 0.29% 10.44%

11,171 19,734 6,975 17,726

10,335 14,156 9,846 26,206

10,004 13,780 10,029 25,966

` ` ` `

` ` ` `

` ` ` `

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


Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

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


`

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17.64% 124.15% -25.23% 10.55%

13.54% 69.05% -15.90% 9.57%

0.04% 37.80% 0.29% 11.98%

11,764 22,415 7,477 28,337

11,354 16,905 8,410 25,843

10,004 13,780 10,029 32,364

` ` ` `

` ` ` `

` ` ` `



23

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

`

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HSBC Managed Solutions - Growth

HSBC Managed Solutions - Moderate - Growth

HSBC Managed Solutions - Conservative - Growth

Date of Inception : 30 Apr 14






Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 14 -Sept 15

SinceInception

SinceInception

SinceInception

HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*


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

`

`

`

`

HSBC Managed Solutions - Moderate - Growth

Crisil Balanced Fund Index (Scheme Benchmark)



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

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



`

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`

`

HSBC Managed Solutions - Conservative - Growth




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




`

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8.98% 18.52%

5.17% 15.99%

0.04% 12.84%

13.49% 12.78%

10,898 12,733

10,517 12,348

10,004 11,874

11,349 11,866

` `

` `

` `

` `

10.05% 16.47%

4.51% 13.05%

0.04% 12.84%

13.49% 12.78%

11,005 12,421

10,451 11,905

10,004 11,874

11,349 11,866

` `

` `

` `

` `

10.66% 12.32%

11.54% 13.04%

0.04% 12.84%

13.49% 12.78%

11,066 11,797

11,154 11,904

10,004 11,874

11,349 11,866

` `

` `

` `

` `

Fund Managed by Gaurav Mehrotra (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 are compounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested atinception. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returnsfor the specific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may beminor differences between point-to-point returns vis-a-vis returns indicated above.

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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 Sept. 30, 2015 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

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`

`

S&P BSE 200 -

S&P BSE 200 -

CNX NIFTY -

CNX NIFTY -


Scheme Returns (%)





`

`

`

`


S&P BSE 500 -

S&P BSE 500 -

CNX NIFTY -

CNX NIFTY -


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 1530000

115457.10 432092.45 783963.98 4252021.25

-6.97 12.24 10.65 14.95

115248.64 437058.59 801868.26 3830052.97

-7.29 13.03 11.56 13.48

113490.72 420797.16 774864.46 3686493.49

-9.94 10.42 10.18 12.94

120000 360000 600000 1390000

115282.32 487774.15 919586.51 3322626.44

-7.24 20.79 17.12 14.20

115539.54 440509.35 804695.15 2840420.10

-6.85 13.58 11.70 11.73

113490.72 420797.16 774864.46 2785493.44

-9.94 10.42 10.18 11.42

120000 360000 600000 960000

116407.1 417774.87 741135.37 1291631.98

-5.53 9.93 8.39 7.27

115248.64 437058.59 801868.26 1481579.69

-7.29 13.03 11.56 10.60

113490.72 420797.16 774864.46 1431548.61

-9.94 10.42 10.18 9.77

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 10000/- 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, 2015.

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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 -

CNX NIFTY -

CNX NIFTY -

120000 360000 NA 520000

78782.78 191381.69 NA 265595.42

-56.72 -37.04 NA -29.31

78164.19 191053.51 NA 249128.78

-57.44 -37.13 NA -31.99

113490.72 420797.16 NA 666034.17

-9.94 10.42 NA 11.42

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 -

CNX NIFTY -

CNX NIFTY -

120000 NA NA 190000

105975.74 NA NA 168538.72

-21.06 NA NA -13.72

100151.38 NA NA 156545.88

-29.55 NA NA -21.55

113490.72 NA NA 191532.80

-9.94 NA NA 0.97

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 900000

101202.74 311035.41 544229.19 893183.49

-27.87 -9.30 -3.83 -0.20

107148.84 334566.12 570549.98 928509.48

-19.38 -4.72 -1.98 0.82

113490.72 420797.16 774864.46 1344829.33

-9.94 10.42 10.18 10.50



`

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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 -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 1040000

119415.49 489163.02 943177.57 2038411.15

-0.91 21.00 18.16 15.03

123079.94 437058.59 801868.26 1638683.89

4.81 13.03 11.56 10.21

113490.72 420797.16 774864.46 1585624.76

-9.94 10.42 10.18 9.48

HSBC Progressive Themes Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 1150000

116296.93 519654.87 902934.08 1710299.85

-5.70 25.40 16.37 8.05

115248.64 437058.59 801868.26 1896531.45

-7.29 13.03 11.56 10.10

113490.72 420797.16 774864.46 1839549.63

-9.94 10.42 10.18 9.50

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 1020000

115419.63 442549.37 805457.63 1525377.93

-7.03 13.90 11.74 9.24

115248.64 437058.59 801868.26 1597675.72

-7.29 13.03 11.56 10.29

113490.72 420797.16 774864.46 1545554.84

-9.94 10.42 10.18 9.54



`

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28

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


3Years

5Years

SinceInception



Scheme Returns (%)





`

`

`

`

Customised Benchmark Index* -

Customised Benchmark Index -

CNX NIFTY -

CNX NIFTY -

120000 NA NA 170000

120139.48 NA NA 177169.09

0.22 NA NA 5.67

117556.07 NA NA

-3.70 NA NA

113490.72 NA NA 166929.32

-9.94 NA NA -2.42

173375.76

2.66

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Crisil Balanced Fund Index -

Crisil Balanced Fund Index -

CNX NIFTY -

CNX NIFTY -

120000 NA NA 170000

122098.60 NA NA 179263.18

3.28 NA NA 7.33

118316.04 NA NA

-2.59 NA NA

113490.72 NA NA 166929.32

-9.94 NA NA -2.42

173523.61

2.77

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

CNX NIFTY -

CNX NIFTY -

120000 360000 600000 1240000

124314.94 606727.36 1100728.41 2575069.49

6.76 37.09 24.54 13.52

123079.94 508088.07 904494.32 2251891.39

4.81 23.75 16.44 11.10

113490.72 420797.16 774864.46 2128655.39

-9.94 10.42 10.18 10.07



`

`




*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 -

CNX NIFTY -

CNX NIFTY -

120000 NA NA 170000

124749.27 NA NA 181569.20

7.47 NA NA 9.16

125632.11 NA NA

8.86 NA NA

113490.72 NA NA 166929.32

-9.94 NA NA -2.42

183154.61

10.36



`

`



*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 30.09.15)

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIP

Exit Load

per unit

Monthly Average AUM(In Lakhs)

@


Regular 2.30%

Direct Plan 1.80%Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.

Asset Allocation

Government Securities 48.82%

Equity 22.40%

Corporate/ PSU Debt 19.82%

Cash Equivalents 4.61%

Money Market Instruments 4.25%




FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt

EQUITY

Cash EquivalentsCBLO 1,051.88 4.61%Net Current Assets 27.69 0.10%Total Net Assets as on 30-Sep-2015 22,808.74 100.00%

Government Securities

Certificate of Deposit

Corporate Bonds / Debentures

Equities

Canara Bank 969.34 4.25% CRISIL A1+

Rural Electrification Corporation 1,060.13 4.65% CARE AAAPower Finance Corporation 1,002.30 4.39% CRISIL AAAIndia Infradebt 702.35 3.08% CRISIL AAAPower Grid Corporation of India 618.21 2.71% CRISIL AAAPower Finance Corporation 510.60 2.24% CRISIL AAALIC Housing Finance 507.33 2.22% CRISIL AAAPower Finance Corporation 120.41 0.53% CRISIL AAA

Tata Consultancy Services 263.98 1.16%Maruti Suzuki India 260.05 1.14%HDFC Bank 233.00 1.02%Infosys 232.39 1.02%Axis Bank 219.57 0.96%ICICI Bank 208.85 0.92%IndusInd Bank 193.20 0.85%Larsen & Toubro 183.28 0.80%LIC Housing Finance 178.81 0.78%ITC 172.62 0.76%Gateway Distriparks 171.38 0.75%Welspun India 167.15 0.73%Crompton Greaves 165.63 0.73%The Ramco Cements 144.29 0.63%Ultratech Cement 141.69 0.62%IPCA Laboratories 138.72 0.61%Sun Pharmaceuticals Ind 134.60 0.59%Power Mech Projects 129.86 0.57%The Federal Bank 120.23 0.53%Aditya Birla Nuvo 116.55 0.51%Apollo Tyres 113.37 0.50%SRF 112.36 0.49%Tech Mahindra 111.47 0.49%HDFC 109.15 0.48%Coal India 104.83 0.46%Adani Ports & Special Economic Zone 104.65 0.46%Arvind 97.77 0.43%Kaveri Seed Company 97.51 0.43%State Bank of India 85.37 0.37%MRF 83.87 0.37%Karur Vysya Bank 82.96 0.36%Tata Motors 80.62 0.35%Finolex Industries 67.63 0.30%Hindustan Zinc 63.13 0.28%Oil & Natural Gas Corp 63.07 0.28%Dr. Reddy's Laboratories 58.27 0.26%The Jammu & Kashmir Bank 54.06 0.24%Hindustan Dorr-Oliver 35.89 0.16%Arvind Infrastructure Ltd 2.34 0.01%

7.72% GOVT OF INDIA RED 25-05-2025 2,470.54 10.83% SOVEREIGN7.95% GOVT OF INDIA RED 28-08-2032 2,082.66 9.13% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 1,889.76 8.29% SOVEREIGN8.24% GOVT OF INDIA RED 10-11-2033 1,763.65 7.73% SOVEREIGN8.60% GOVT OF INDIA RED 02-06-2028 1,360.27 5.96% SOVEREIGN8.17% GOVT OF INDIA RED 01-12-2044 509.80 2.24% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 422.10 1.85% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 401.13 1.76% SOVEREIGN8.29% TAMIL NADU SDL RED 29-07-2025 234.41 1.03% 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

27-Jul-15 0.06862 0.06357 13.5375

25-Aug-15 0.06862 0.06357 13.4408

27-Jul-15 0.06862 0.06357 14.4150

25-Aug-15 0.06862 0.06357 14.3237

25-Mar-15 0.20324 0.18848 13.9286

25-Jun-15 0.20946 0.19406 13.6268

25-Mar-15 0.21050 0.19521 14.5619

25-Jun-15 0.20946 0.19406 14.2677

28-Sep-15 0.06862 0.06357 13.4288

28-Sep-15 0.06862 0.06357 14.3238

28-Sep-15 0.19501 0.18067 13.5141

28-Sep-15 0.19501 0.18067 14.1812

Rating24-Feb-04

CRISIL MIP Blended Index

29.6901

10.65 years

6.17 years

21,967.18

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 48.82%

AAAand equivalents 24.07%

Equity 22.40%

Reverse Repos/ CBLOs 4.61%





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 30.09.15)


Modified Duration

of Portfolio

Fund Managers

SIP

Minimum ApplicationAmount

Growth

Quarterly Dividend

Monthly Dividend

SIP

Exit Load

per unit


@


Regular 2.29%

Direct Plan 1.79%


Asset Allocation



Equity 13.84%






FUND PORTFOLIO


Corporate/ PSU Debt

EQUITY


Cash Equivalents

CBLO 137.96 1.48%





Equities


Power Finance Corporation 510.60 5.47% CRISIL AAA

LIC Housing Finance 507.33 5.43% CRISIL AAA


Rural Electrification Corporation 454.34 4.87% CARE AAA

Power Grid Corporation of India 412.14 4.41% CRISIL AAA

India Infradebt 301.01 3.22% CRISIL AAA



HDFC Bank 67.33 0.72%

Axis Bank 66.91 0.72%

ICICI Bank 62.32 0.67%

LIC Housing Finance 56.47 0.60%


ITC 52.60 0.56%

Dr. Reddy's Laboratories 49.95 0.53%



Arvind 41.90 0.45%

Sun Pharmaceuticals Ind 41.68 0.45%


The Federal Bank 38.37 0.41%

Aditya Birla Nuvo 37.82 0.41%



Tech Mahindra 34.56 0.37%

Crompton Greaves 34.15 0.37%


MRF 31.45 0.34%


SRF 28.09 0.30%

Kaveri Seed Company 26.28 0.28%


The Jammu & Kashmir Bank 25.23 0.27%



Oil & Natural Gas Corp 19.49 0.21%


Hindustan Dorr-Oliver 10.77 0.12%

Arvind Infrastructure Ltd 1.00 0.01%

7.88% GOVT OF INDIA RED 19-03-2030 1,031.24 11.05% SOVEREIGN

7.95% GOVT OF INDIA RED 28-08-2032 998.87 10.70% SOVEREIGN







8.29% TAMIL NADU SDL RED 29-07-2025 71.34 0.76% 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

27-Jul-15 0.05778 0.05353 11.8130

25-Aug-15 0.05778 0.05353 11.7746

25-Mar-15 0.18147 0.16829 12.4116

25-Jun-15 0.18057 0.16729 12.1560

28-Sep-15 0.05778 0.05353 11.7826

31-Jan-14 0.05065 0.04851 10.9791

28-Feb-14 0.05065 0.04851 11.0079

28-Sep-15 0.18057 0.16729 12.1257

Rating24-Feb-04

CRISIL MIP Blended Index

25.0009

11.32 years

6.29 years

9,180.21

Aditya Khemani

(for Equity portion) SanjayShah (for Debt portion)

Available

10,000

10,000

25,000

1,000 p.m.

Nil

`

`

`

`

`

Rating Profile

Sovereign 49.36%


Equity 13.84%




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


@


Regular 1.85%

Direct Plan 1.10%Excludes service tax on Investment Management fees of 0.13%of Total NetAssets.

Asset Allocation





Securitised Debt 0.09%


* Based on invested Amount

FUND PORTFOLIO

Securitised Debt

Corporate/ PSU Debt


Cash Equivalents

CBLO 433.90 4.09%



Investments - Asset Back Security


India MBS 2002 Series I 9.42 0.09% CRISIL AAA (SO)

Export Import Bank of India 545.89 5.15% CRISIL AAA

Rural Electrification Corporation 504.82 4.76% CARE AAA










8.29% TAMIL NADU SDL RED 29-07-2025 203.84 1.92% SOVEREIGN


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

24.5358

13.28 years

7.42 years

7.75%

10,373.79

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 79.38%



Net CurrentAssets 1.80%Dividend DeclarationRecord Date / periodof dividend declared




`

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

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

25-Mar-15 0.17421 0.16155 11.5709

25-Jun-15 0.17334 0.16060 11.2788

28-Sep-15 0.17334 0.16060 11.3365

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

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

will be at Moderate risk

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 30.09.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


@


Regular 1.20%

Direct Plan 0.26%


Asset Allocation

Corporate/ PSU Debt 64.48%Money Market Instruments 16.09%Government Securities 14.84%Cash Equivalents 3.01%Net CurrentAssets 1.58%



FUND PORTFOLIO


Corporate/ PSU Debt


Cash EquivalentsCBLO 5,022.43 3.01%Net Current Assets 2,598.33 1.58%Total Net Assets as on 30-Sep-2015 1,66,998.14 100.00%

Bank of India 4,838.37 2.90% CRISIL A1+Indian Bank 2,420.98 1.45% Fitch A1+Punjab & Sind Bank 2,418.48 1.45% CARE A1+Andhra Bank 1,941.15 1.16% CARE A1+Canara Bank 1,457.14 0.87% CRISIL A1+ICICI Bank 972.75 0.58% [ICRA]A1+Canara Bank 969.34 0.58% CRISIL A1+

Adani Ports & Special Economic Zone 4,731.80 2.83% [ICRA]A1+AU Financiers India Ltd 2,404.74 1.44% Fitch A1+AU Financiers India Ltd 2,339.32 1.40% Fitch A1+Cholamandalam Investment & Fin Co 1,928.48 1.15% CARE A1+Adani Ports & Special Economic Zone 474.07 0.28% [ICRA]A1+

L&T Finance 7,514.86 4.50% CARE AA+Power Finance Corporation 5,106.02 3.06% CRISIL AAAPantaloons Fashion & Retail 5,018.63 3.01% [ICRA]AATata Capital Financial Services 5,006.51 3.00% CRISIL AA+NABARD 4,522.18 2.71% CRISIL AAARural Electrification Corporation 4,088.50 2.45% CRISIL AAARural Electrification Corporation 4,048.45 2.42% CRISIL AAARural Electrification Corporation 3,517.41 2.11% CRISIL AAAPower Finance Corporation 3,047.13 1.82% CRISIL AAARural Electrification Corporation 3,028.95 1.81% CARE AAAKotak Mahindra Prime 3,016.28 1.81% [ICRA]AAAHDFC 2,582.39 1.55% CRISIL AAAPower Grid Corporation of India 2,575.89 1.54% CRISIL AAASRF 2,545.22 1.52% Fitch AABajaj Finance 2,534.00 1.52% CRISIL AA+Kotak Mahindra Prime 2,516.55 1.51% [ICRA]AAAPower Finance Corporation 2,515.01 1.51% CRISIL AAALIC Housing Finance 2,512.82 1.50% CARE AAAKotak Mahindra Prime 2,512.17 1.50% [ICRA]AAAPower Finance Corporation 2,511.66 1.50% CRISIL AAATata Capital Financial Services 2,511.04 1.50% CRISIL AA+Tata Capital Financial Services 2,508.26 1.50% CRISIL AA+Tata Capital Financial Services 2,505.21 1.50% CRISIL AA+Power Finance Corporation 2,500.21 1.50% CRISIL AAAPower Grid Corporation of India 2,040.96 1.22% CRISIL AAAHDFC 2,030.82 1.22% CRISIL AAATata Sons 2,028.45 1.21% CRISIL AAALIC Housing Finance 1,524.88 0.91% CRISIL AAAKotak Mahindra Prime 1,524.88 0.91% [ICRA]AAAIndia Infradebt 1,505.04 0.90% CRISIL AAALIC Housing Finance 1,020.11 0.61% CRISIL AAAHDFC 1,019.51 0.61% CRISIL AAALIC Housing Finance 1,019.14 0.61% CRISIL AAAShriram Transport Finance Company 1,017.46 0.61% CRISIL AA+Power Grid Corporation of India 1,016.99 0.61% CRISIL AAALIC Housing Finance 1,013.03 0.61% CARE AAALIC Housing Finance 1,002.92 0.60% CARE AAAPower Grid Corporation of India 1,001.08 0.60% CRISIL AAALIC Housing Finance 506.96 0.30% CRISIL AAAPower Finance Corporation 505.50 0.30% CRISIL AAAShriram Transport Finance Company 274.92 0.16% CRISIL AA+Rural Electrification Corporation 171.91 0.10% CRISIL AAAHousing Development Finance Corp 91.19 0.05% CRISIL AAARural Electrification Corporation 71.43 0.04% CRISIL AAA

Cholamandalam Investment & Fin Co 4,049.99 2.43% [ICRA]AACholamandalam Investment & Fin Co 2,533.04 1.52% [ICRA]AA

7.35% GOVT OF INDIA RED 22-06-2024 7,859.20 4.71% SOVEREIGN7.16% GOVT OF INDIA RED 20-05-2023 5,789.40 3.47% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 5,025.00 3.01% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 4,554.45 2.73% SOVEREIGN8.27% GOVT OF INDIA RED- 09-06-2020 1,537.20 0.92% SOVEREIGN


Commercial Paper


Zero Coupon Bonds

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

24.0712

2.97 years

2.27 years

8.12%

1,65,889.03

Sanjay Shah &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

AAAand equivalents 57.80%AA+/AA-/AAand equivalents 22.77%Sovereign 14.84%Reverse Repos/ CBLOs 3.01%Net CurrentAssets 1.58%





`

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

27-Jul-15 0.05023 0.04654 11.159925-Aug-15 0.04786 0.04435 11.1621

27-Jul-15 0.05712 0.05292 11.212325-Aug-15 0.05415 0.05017 11.2136

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

28-Sep-15 0.05539 0.05132 11.1666

28-Sep-15 0.06275 0.05814 11.2196

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


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)


HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)An Open Ended Income Scheme

Investment Objective: Seeks to generate a reasonable return with commensurate risk through investments in floating rate debtinstruments and fixed rate debt instruments swapped for floating rate returns. The Scheme may also invest in fixed rate moneymarket and debt instruments.

34

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration ofPortfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


@


Regular 0.75%

Direct Plan 0.20%


Asset Allocation

Money Market Instruments 63.61%Cash Equivalents 36.72%Net CurrentAssets -0.33%



FUND PORTFOLIO


Cash Equivalents

CBLO 2,036.93 36.72%




Commercial Paper

UCO Bank 726.00 13.09% CRISIL A1+

Indian Bank 678.53 12.23% Fitch A1+


Kotak Mahindra Investments 489.70 8.83% CRISIL A1+

Cholamandalam Investment & Fin Co 482.12 8.69% CARE A1+

Adani Ports & Special Economic Zone 474.07 8.55% [ICRA]A1+

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating16-Nov-04

CRISIL Liquid Fund Index

22.6868

0.30 years

0.27 years

7.09%

5,556.10

Kapil Punjabi &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment Weekly

Dividend, Reinvestment,Monthly Dividend (Payout &

Reinvestment)

Nil

`

`

`

Rating Profile

AAAand equivalents 63.61%Reverse Repos/ CBLOs 36.72%Net CurrentAssets -0.33%





`

HSBC Floating Rate Fund - Long Term Plan - Regular Option - Monthly Dividend

HSBC Floating Rate Fund - Long Term Plan - Monthly Dividend - Direct Plan

HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend

27-Jul-15 0.04985 0.04618 10.0690

25-Aug-15 0.04279 0.03965 10.0593

27-Jul-15 0.05634 0.05219 10.0858

25-Aug-15 0.05085 0.04711 10.0759

28-Sep-15 0.04124 0.03821 10.0571

28-Sep-15 0.04861 0.04503 10.0729

25-Apr-14 0.05133 0.04916 10.5356

25-Aug-14 0.06294 0.06028 10.7639

25-Sep-14 0.17600 0.16856 10.7615



Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Liquidity over short term

• Investment in floating rate andfixed rate Debt and MoneyMarket Instruments

HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)



�

�

�



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 30.09.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


@

Asset Allocation

Money Market Instruments 77.42%Treasury Bill 20.15%Fixed Deposit 10.52%Cash Equivalents 4.07%Net CurrentAssets -12.16%



FUND PORTFOLIO


Fixed Deposit

Treasury Bill

Cash Equivalents

CBLO 5,797.51 4.07%

Net Current Assets -17,367.94 -12.16%

Total Net Assets as on 30-Sep-2015 1,42,496.45 100.00%

The Ratnakar Bank 9,948.45 6.98% [ICRA]A1+

IDBI Bank 9,920.73 6.96% CRISIL A1+

Punjab & Sind Bank 4,973.85 3.49% [ICRA]A1+

Punjab & Sind Bank 4,963.50 3.48% [ICRA]A1+

IDBI Bank 4,958.60 3.48% CRISIL A1+

Corporation Bank 4,955.62 3.48% CRISIL A1+

Kotak Mahindra Bank 4,935.20 3.46% CRISIL A1+


Corporation Bank 2,485.88 1.74% [ICRA]A1+


ING Vysya Bank 2,472.66 1.74% CRISIL A1+

The South Indian Bank 496.26 0.35% CARE A1+

Adani Ports & Special Economic Zone 7,437.88 5.22% [ICRA]A1+

Magma Fincorp 7,407.50 5.20% CARE A1+

SREI Equipment Finance 7,401.79 5.19% [ICRA]A1+

Indiabulls Housing Finance 4,944.90 3.47% CRISIL A1+

Edelweiss Financial Services 4,936.45 3.46% CRISIL A1+

Dewan Housing Finance Corporation 4,916.38 3.45% CRISIL A1+

JM Financial Products 4,915.96 3.45% [ICRA]A1+

Edelweiss Financial Services 2,480.63 1.74% CRISIL A1+

HDFC 2,473.61 1.74% [ICRA]A1+

JM Financial Credit Solutions 2,469.99 1.73% Fitch A1+

L&T Fincorp 2,469.13 1.73% CARE A1+

SREI Equipment Finance 987.13 0.69% [ICRA]A1+

IndusInd Bank 7,500.00 5.26% Fixed Deposit

HDFC Bank 7,500.00 5.26% Fixed Deposit

91 DAYS TREASURY BILL RED 12-11-2015 17,360.18 12.18% SOVEREIGN






Commercial Paper

Fixed Deposit

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1451.8371

0.14 years

0.13 years

7.52%

1,76,197.50

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 77.42%Sovereign 20.15%Fixed Deposit 10.52%Reverse Repos/ CBLOs 4.07%Net CurrentAssets -12.16%





`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

27-Jul-15 5.06488 4.69251 1007.0690

25-Aug-15 4.45417 4.12670 1006.2234

27-Jul-15 5.09735 4.72260 1007.2964

25-Aug-15 4.48366 4.15403 1006.4468

28-Sep-15 5.07436 4.70130 1007.0821

28-Sep-15 5.10915 4.73353 1007.3128

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 0.11%

Direct Plan 0.06%

Currently there is no Service Tax levied due to nil InvestmentManagement Fees being charged.

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)

35



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Gilt Fund (HGF)An Open Ended Gilt Scheme

Investment Objective: Aims to generate reasonable returns through investments in Government Securities of variousmaturities. The AMC's view of interest rate trends and the nature of the plans will be reflected in the maturities of securities inwhich the Plans are invested.

36

FUND DETAILS

Date of Allotment

Benchmark



Modified Durationof Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


@

Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 32.92 11.65%


Total Net Assets as on 30-Sep-2015 282.66 100.00%






IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Dec-03

I-Sec Composite Index

18.5215

16.80 years

8.20 years

7.60%

284.56

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 86.88%







`

HSBC Gilt Fund - Monthly Dividend

31-Oct-08 0.06136 0.05711 10.8077

28-Nov-08 0.04193 0.03903 10.7855

26-Dec-08 0.03400 0.03164 10.7764



Regular 1.00%

Direct Plan 0.50%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in GovernmentSecurities

HSBC Gilt Fund (HGF)



�

�

�



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.

37

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30.09.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum ApplicationAmount

Sub Options

Exit Load

per unit


@

Asset Allocation






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


FUND PORTFOLIO


Corporate/ PSU Debt

Cash Equivalents

CBLO 2,836.48 6.45%

Net Current Assets -1,284.07 -2.89%


Indian Bank 4,168.08 9.48% Fitch A1+

Bank of India 2,425.68 5.52% CRISIL A1+

Vijaya Bank 2,422.12 5.51% CARE A1+

Andhra Bank 2,419.88 5.50% CARE A1+

Canara Bank 1,743.14 3.96% CRISIL A1+

UCO Bank 1,693.99 3.85% CRISIL A1+

ICICI Bank 1,459.12 3.32% [ICRA]A1+


Andhra Bank 485.29 1.10% CARE A1+

Adani Ports & Special Economic Zone 3,792.54 8.62% [ICRA]A1+

AU Financiers India Ltd 2,404.74 5.47% Fitch A1+

Kotak Mahindra Investments 1,958.79 4.45% CRISIL A1+

SREI Equipment Finance 1,480.70 3.37% [ICRA]A1+

Power Finance Corporation 2,511.66 5.71% CRISIL AAA

Indiabulls Housing Finance 2,506.84 5.70% CARE AAA

HDFC 1,018.56 2.32% CRISIL AAA

Rural Electrification Corporation 1,012.71 2.30% CARE AAA

Tata Capital Financial Services 1,000.63 2.28% CRISIL AA+

Shriram Transport Finance Company 509.11 1.16% CRISIL AA+


Bajaj Finance 507.36 1.15% [ICRA]AA+

Tata Sons 507.11 1.15% CRISIL AAA

LIC Housing Finance 506.96 1.15% CRISIL AAA

Kotak Mahindra Prime 503.31 1.14% [ICRA]AAA

LIC Housing Finance 501.46 1.14% CARE AAA

Shriram Transport Finance Company 61.03 0.14% CRISIL AA+

HDFC 1,316.62 2.99% CRISIL AAA

Cholamandalam Investment & Fin Co 1,013.22 2.30% [ICRA]AA

Cholamandalam Investment & Fin Co 1,012.50 2.30% [ICRA]AA


Commercial Paper


Zero Coupon Bonds

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

Customised

Benchmark Index**

12.8951

0.77 years

0.69 years

7.82%

39,149.64

Piyush Harlalka &

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 9.33%







`

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

27-Jul-15 0.05367 0.04972 10.2011

25-Aug-15 0.04431 0.04105 10.1881

28-Sep-15 0.04418 0.04093 10.1880

25-Jun-14 0.15218 0.14575 10.1953

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



Regular 1.00%

Direct Plan 0.20%



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.

38

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


@

Asset Allocation







FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 770.00 1.39%



Rural Electrification Corporation 5,048.25 9.13% CARE AAA

Power Grid Corporation of India 500.46 0.91% CRISIL AAA








8.29% TAMIL NADU SDL RED 29-07-2025 1,528.76 2.76% SOVEREIGN



IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

19.9454

14.15 years

7.87 years

7.75%

53,947.53

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 87.18%








`

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

28-Sep-15 0.18057 0.16729 11.9644

28-Sep-15 0.18057 0.16729 11.9326

28-Sep-15 0.18057 0.16729 12.2248

14-Sep-12 0.35236 0.30201 11.4315

15-Mar-13 0.35236 0.30201 11.6629

15-Mar-13 0.35236 0.30201 10.9757

25-Sep-14 0.31171 0.29853 11.2593

25-Mar-15 0.34842 0.32311 11.8530

27-Apr-15 0.01724 0.01597 10.6092

25-Aug-15 0.05470 0.05068 10.6611

28-Sep-15 0.09176 0.08501 10.7123

27-Jul-15 0.00679 0.00629 10.7236

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

25-Mar-15 0.18147 0.16829 12.2052

25-Jun-15 0.18057 0.16729 11.8869

25-Mar-15 0.18147 0.16829 12.1590

25-Jun-15 0.18057 0.16729 11.8484

25-Mar-15 0.18147 0.16829 12.3982

25-Jun-15 0.18057 0.16729 12.1094

25-Mar-15 0.37019 0.34330 12.5368

28-Sep-15 0.36113 0.33458 12.3102

28-Sep-15 0.36113 0.33458 11.6860



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


39

HSBC MIP - Savings & Regular Plan


HSBC Income Fund - Short Term Plan

HSBC Floating Rate Fund Long Term Plan

HSBC Cash Fund

HSBC Gilt Fund

HSBC Ultra Short Term Bond 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 18 October 2014) & Piyush Harlalka (from 05 August 2015)

Kapil Punjabi (from 14 March 2014)


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


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 15 years of experience in research and risk


Senior Vice President & Fund Manager, Fixed Income since October 2011 to present,

Vice President & Fund Manager, Fixed Income since December 2008 to September 2011.

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 9 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 9 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

HSBC Gilt Fund







Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 13 -Sept 14

Oct 13 -Sept 14

Oct 13 -Sept 14

Oct 12 -Sept 13

Oct 12 -Sept 13

Oct 12 -Sept 13

SinceInception

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



`

`

`

`

HSBC Gilt Fund - Growth

I-Sec Composite Bond Fund Index (Scheme Benchmark)


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

10,000, if invested in I-Sec Composite Bond Fund Index, would have become


`

`

`

10.44% 14.53% 3.43% 8.22%

10.67% 15.20% 3.11% 7.83%

8.83% 8.21% 5.63% 5.85%

13.49% 6.58% 2.45% 5.24%

11,044 11,453 10,343 25,006

11,067 11,520 10,311 23,988

10,883 10,821 10,563 19,353

11,349 10,658 10,245 18,097

` ` ` `

` ` ` `

` ` ` `

` ` ` `

10.58% 19.30% 3.33% 9.83%

10.67% 15.20% 3.11% 7.83%

8.83% 8.21% 5.63% 5.85%

13.49% 6.58% 2.45% 5.24%

11,058 11,930 10,333 29,698

11,067 11,520 10,311 23,988

10,883 10,821 10,563 19,353

11,349 10,658 10,245 18,097

` ` ` `

` ` ` `

` ` ` `

` ` ` `

13.20% 8.23% 4.96% 5.35%

13.27% 10.90% 4.86% 7.32%

13.49% 6.58% 2.45% 5.21%

11,320 10,823 10,496 18,524

11,327 11,090 10,486 23,070

11,349 10,658 10,245 18,246

` ` ` `

` ` ` `

` ` ` `




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

40

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.

`

`




Date of Inception: 05 Oct 07



Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 13 -Sept 14

Oct 13 -Sept 14

Oct 12 -Sept 13

Oct 12 -Sept 13

SinceInception

SinceInception

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


`

`

`

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


`

`

`

12.19% 8.41% 3.95% 7.26%

12.45% 11.46% 3.42% 6.51%

13.49% 6.58% 2.45% 5.88%

11,219 10,841 10,395 24,541

11,245 11,146 10,342 22,437

11,349 10,658 10,245 20,794

` ` ` `

` ` ` `

` ` ` `

12.66% 8.44% 5.38% 9.03%

12.45% 11.46% 3.42% 7.66%

13.49% 6.58% 2.45% 6.77%

11,266 10,844 10,538 19,964

11,245 11,146 10,342 18,043

11,349 10,658 10,245 16,878

` ` ` `

` ` ` `

` ` ` `




41

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


Oct 13 -Sept 14

Oct 12 -Sept 13

SinceInception

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


`

`

`

9.41% 9.34% 6.65% 7.10%

9.85% 10.06% 7.66% 7.01%

8.83% 8.21% 5.63% 5.81%

10,941 10,934 10,665 24,076

10,985 11,006 10,766 23,831

10,883 10,821 10,563 20,615

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Sanjay Shah & Piyush Harlalka.

HSBC Cash Fund@

Date of Inception: 04 Dec 02


Oct 13 -Sept 14

Oct 12 -Sept 13

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 FRF - LTP - Regular Plan

HSBC Ultra Short Term Bond Fund$

Date of Inception : 16 Nov 04

Date of Inception :17 Oct 06



Oct 14 -Sept 15

Oct 14 -Sept 15

Oct 13 -Sept 14

Oct 13 -Sept 14

Oct 12 -Sept 13

Oct 12 -Sept 13

SinceInception

SinceInception

HSBC FRF - LTP - Growth

Crisil Liquid Fund Index (Scheme Benchmark)


10,000, if invested HFRF - LTP, would have become

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


`

`

`

HSBC Ultra Short Term Bond Fund - Growth



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



`

`

`

8.51% 9.07% 8.73% 7.81%

8.53% 9.48% 8.52% 7.20%

8.83% 8.21% 5.63% 6.08%

10,851 10,907 10,873 22,654

10,853 10,948 10,852 21,316

10,883 10,821 10,563 18,997

` ` ` `

` ` ` `

` ` ` `

8.67% 9.40% 8.43% 8.85%

8.66% 9.54% 8.44% 8.90%

8.83% 8.21% 5.63% 7.61%

10,867 10,940 10,843 21,192

10,866 10,954 10,844 21,271

10,883 10,821 10,563 19,143

` ` ` `

` ` ` `

` ` ` `



Last 7 Daysas on 30

Sept 2015

Last 15 Daysas on 30

Sept 2015

Last 30 Daysas on 30

Sept 2015

8.44% 7.95% 7.74% 8.58% 9.32% 8.98% 8.91%

11.04% 9.55% 8.20% 8.53% 9.48% 8.52% 8.75%

12.05% 9.62% 8.39% 8.44% 9.37% 7.80% 8.38%

10,016 10,033 10,064 10,858 10,932 10,898 14,522

10,021 10,039 10,067 10,853 10,948 10,852 14,432

10,023 10,040 10,069 10,844 10,937 10,780 14,219

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


# 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 October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns are compoundedannualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark is prescribed bySEBI 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. Thereturns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.

`

`


42

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.

Fund Managed by - Kapil Punjabi & Piyush Harlalka.

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

43

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.

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

Email: [email protected]

Website: www.assetmanagement.hsbc.com/in

Statutory Details & Disclaimers

the asset - hsbc focus on the medium term inflation target.this entails more accommodative policy...

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