the asset - hsbc€¦ · the market indices cnx nifty and bse sensex were up 5.6% & 6.2% ......

The Asset

Factsheet October 2017

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Fund Manager Wise Comparative Performance of Equity Schemes

HSBC Monthly Income Plan

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of Debt Schemes

Section II - How to read Factsheet

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

Fund Manager Wise

01

05

06

07

08

09

10

11

12

13

14

15

16

17

20

25

30

31

32

33

34

35

36

37

38

18

-

Amonth of substantial gains for equity indices

Equity markets surged higher in the month of October driven by a string of local reform announcements and stable global cues. Indian

government's announcement of mega recapitalisation package for public sector banks, unveiling of the ambitious road construction plan and

improving macro data indicators buoyed investor sentiments. The market indices CNX Nifty and BSE Sensex were up 5.6% & 6.2%

respectively while the BSE Midcap and Small cap indices outperformed gaining 7.5% & 9.2% respectively for the month.

The big news flow during the month was that of the long awaited recapitalisation plan for Indian Public Sector Banks (PSBs) and came as a

positive surprise on the quantum of recapitalisation envisaged. As per the plan, INR 2.11 tn (about USD 32.5 bn) will be infused into public

sector banks or PSBs spread over the ongoing and upcoming financial year. This recapitalisation package is significantly larger than the

previous commitment from the government and the quantum is greater than the total capital infusion into PSBs over the past decade.

According to the announcement, the Government will infuse INR 1.35 tn (about USD 21 bn) through 'recapitalisation bonds' while banks will

raise another INR 580 bn (about USD 9 bn) from the markets and the rest of the INR 180 bn (about USD 2.5 bn) will come from the existing

budgetary support. This recapitalisation measure is aimed at tackling asset quality and capital adequacy issues at PSBs and in that process

revive economic growth by higher credit offtake through these banks. The exact modalities and timelines of the recapitalisation plan will be

known in due course, along with the likely fiscal impact of this move.

In another key announcement, the Government unveiled a mega road construction plan (coined 'Bharatmala') with the outlay pegged at INR

3.85 tn (about USD 59 bn). The total outlay envisaged for road construction projects stood at about INR 6.92 tn or about USD 107 bn, spread

over five years (including Bharatmala and other road projects). This will involve total construction of 83,677 km (translating to roughly 46 km

per day) of total roads (Bharatmala and other road projects). The funding for these will be done through a mix of Government funds, debt and

private investment.

The quarterly earnings season trends at an aggregate level have been broadly on expected lines so far, while the sector wise trends have

been mixed. However, the key aspect to monitor towards the end of the quarter would be whether the trend of earnings downgrades is close

to bottoming out or not.

FIIs (Foreign Institutional Investors) turned net buyers after seeing net outflows for the past two months. For the month of October 17, FIIs net

bought equities worth about USD 296 mn and the segment has seen net inflows of about USD 5.5 bn so far this calendar year. The Domestic

Institutional Investors (DIIs) on the other hand continued to see net inflows and net bought equities worth about USD 1.55 bn. The MF

segment once again saw a good month of net inflows at about USD 1.53 bn, though the pace of net inflows moderated from the past two-three

months (about USD 2.69 bn of net inflows in Sep-17). The domestic insurers saw marginal net inflows of about USD 15 mn for the month. The

DII segment has seen net inflows of about USD 11.35 bn so far this calendar year, entirely driven by MFs, while Insurers have seen net

outflows during the period.

During its October policy meeting, the European Central Bank (ECB) kept interest rates on hold but announced an extension of the asset

purchase programme by at least 9 months to September’18 and at a reduced monthly purchase quantum of EUR 30 bn. However, the bank

will continue to with its plan to purchase EUR 60 bn per month till December’17. Additionally, ECB maintained its guidance that the size and

duration of the asset purchases could be extended if the outlook becomes less favourable or if financial conditions become inconsistent with

reaching the bank's inflation target. Elsewhere in Japan, Shinzo Abe's Liberal Democratic Party won a simple majority at the lower house of

the Parliament and together with its junior coalition partner retained two-thirds 'super majority' providing room for the Government to pass

reform bills. The coalition victory reduces the uncertainty about the future course of the fiscal and monetary policy decisions in Japan. In the

US, the Senate voted to pass the 2018 budget resolution, bolstering prospects of tax reforms being enacted by year-end, though the exact

modalities of how the actual implementation would be, is still awaited.

External

Global Economic Scenario

Institutional Fund Flows


01

Source: Bloomberg; Bombay Stock Exchange (BSE)

Re

turn

s %

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

Sensex Nifty BSE200 BSE500 BSE MidCap BSE SmallCap

Indices Performance - Oct 2017

Equity Market Outlook

The announcement of the record capital injection into banks was combined with plans to spend INR 6.92tn on building roads over the next

five years. Both these announcements could be looked through the lens of the Government's efforts to revive economic growth and address

one of the biggest overhangs on the economy ahead of key state elections. Equity markets surged higher on the back of these

announcements, particularly the mega bank recapitalisation plan. The improved capital adequacy of banks is expected to speed up the

resolution of bad loans under the bankruptcy law, as it will put public sector banks in a better position to accept haircuts during the resolution

process. It is expected to increase the propensity of banks to lend, and thereby help higher credit offtake and boost economic growth

prospects.

From an economy perspective, we are seeing some challenges emerge in the form of slow-down in GDP growth and some deterioration in

the margin with respect to other macroeconomic variables. The bank recapitalisation and infrastructure push announced by the government

are to tackle these growth challenges but that will be felt over the medium term. Inflation though manageable is showing signs of hardening,

Current Account Deficit may widen a bit while FY18 fiscal deficit target look stretched in the context of crude price environment, GST

transition and the possibility of some fiscal slippage as we move into an election phase culminating to the general elections in May 2019.

Additionally, the corporate earnings recovery is getting postponed due to GST implementation and also because of the lack of revival in the

investment cycle. While the transitory impact of the GST implementation was expected, the aggregate earnings delivery has remained

subdued in the current year leading to continuous downward revision at an aggregate level. The recovery cycle for corporate India is getting

pushed to 2HFY18 now, with 2QFY18 also likely to see some temporary hiccups related to the GST implementation.

We remain constructive on the India story from a medium to long term perspective, though there are near term challenges as discussed.

Looking ahead, the GST regime will lead to faster formalisation of the economy, broaden the tax base, improve the fiscal situation and

improve the ease of doing business. However, its roll-out will likely bring some challenges as mentioned. Organised sectors and larger

companies will be better equipped to cope with the new system, while the unorganised sector and smaller companies could face initial

hurdles. We believe the situation will likely normalise over the next two quarters or so.

Apart from the near term challenges connected with the GST roll-out, other risks to the market performance are in the form of valuations

trending above historical averages and a weaker than expected delivery in corporate earnings going forward. External news flows related to

geopolitical tensions (the Korean peninsula tensions) and other eco-political events could also influence market performance going forward,

as the recent rally in the markets was supported by strong flows.

September CPI came in at 3.28%, lower than expectations and flat to the previous month owing to a drop in

food inflation to 1.8%. Core inflation, however continues to remain sticky and inched up to 4.6% owing to HRA impact and flow through of

higher fuel prices on the transport sub-index.

WPI inflation moderated to 2.6% vis-à-vis a revised 3.24% in August, with a sharp drop in food inflation

driving the downward trend. Core WPI accelerated to 2.8% v/s 2.5% inAugust, mirroring trends seen in CPI.

August IIP rebound to 4.3% v/s 1.3% in July driven by a restoration in manufacturing output after

GST disruptions. Both capital goods and consumer non-durable goods showed a healthy uptick at 6.9% and 5.5% respectively.

(Consumer Price Index or CPI)

(Wholesale Price Index or WPI)

(Index of Industrial Production or IIP)

RBI's Monetary Policy, Economic Events and Data

Inflation


02

Source: Bloomberg; Central Statistical Organization (CSO) India

Source: Bloomberg

Infl

atio

n G

row

th(%

)

0%1%2%3%4%5%6%7%8%9%

Fe

b-1

4

Au

g-1

4

Jan

-15

Jun

-15

De

c-1

5

Ma

y-1

6

Oct

-16

Ap

r-1

7

Se

p-1

7

CPI Inflation (%)

Consumer Price Index (CPI)

Gro

wth

%

-6.0%

-1.0%

4.0%

9.0%

14.0%

Jan/1

3

Jun/1

3

Nov/1

3

Apr/

14

Sep/1

4

Feb/1

5

Jul/15

Dec/1

5

May/1

6

Oct/16

Mar/

17

Aug/1

7

Index of Industrial Production (IIP)* new series data

IIP YoY Growth in % (New Series; base 2011- 12)

Trade deficit

RBI Policy

Trade Deficit narrowed to USD 9 bn in September from USD 11.6 bn in August. Exports witnessed a sharp growth to 25.7% y-o-y in

September from 10.3% in the previous month. Export pick up was broad based including various industries. Imports were marginally lower at

18% y-o-y in September vs 21 % y-o-y inAugust. Reasonable global growth and GST issues now beginning to settle down, are both drivers of

the narrowing of the trade deficit.

RBI policy held on 4 October 2017 continued to maintain its neutral stance and maintained policy rates. RBI continued to focus on higher

inflation, possible fiscal slippage by the center, farm loan waivers by State Governments, Lower Kharif production and higher oil prices are

upside risks to inflation. The MPC voted 5-1 with the lone member favoring a 25 bps cut.

Minutes released later in the month also reflected hawkish commentary. While the members acknowledged slowing growth, they were

uncertain if the same was transitory and if rate cuts would be appropriate at the current juncture to revive growth and private sector capex.

Market continued to trade with a negative bias for the month with fiscal concerns and increase in oil prices, rise in treasury yields and supply

concerns weighing on the markets. Markets also await clarity on the mode through which the government would issue “recapitlisation bonds”

to the market, the tenor, pricing and the tradability/non-tradability of these proposed bonds. 10 year ended the month at 6.87% v/s 6.67% at

the end of the previous month.

State Development Loans or SDL and Corporate Bonds outperformed during the month with spreads of 10 year corporate bonds narrowing

to about 60 bps while secondary market SDLspreads were about 70 bps.

Money market remains positive on liquidity

Liquidity continued to remain positive through the month. However there was some tightening on account of festive season and seasonal

outflow of currency in circulation, overall liquidity continues to remain in a surplus mode. RBI continues to use combination of tools viz. Open

Market Operations or OMOs and reverse repos to absorb the liquidity.

RBI has announced next OMO of INR 10000 Cr which is scheduled on 9 November 2017. RBI is conducting 2 OMOs every month and total

OMOs since July add up to Rs.800 bn.

Market Activity

Markets

Continued supply of G-Sec and SDLs while receding hopes for a rate cut and concerns about fiscal slippages continues to act as pressure

points for yields. Lower demand from PSU banks post cut in Held to Maturity (HTM) in RBI's October policy will also act as a dampener.

However post-sell off, G-sec is attractively valued with 10 year at a term premium of 90 bps over repo-rates with many of these concerns

being factored in the price. Further next two inflation prints should remain reasonable at about 3.3% to 3.4% and about 3.6%-3.9%, despite

some increase in perishable prices. Rising crude prices and government response to them will however need to be watched out for.

We expect 10 year to trade in 6.70% - 6.95% range.

Going Forward

03


Source: Bloomberg, for all data except where mentioned otherwise

Rate

%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Dec/0

6

Oct/07

Aug/0

8

Jun/0

9

Apr/

10

Feb/1

1

Dec/1

1

Oct/12

Aug/1

3

Jun/1

4

Apr/

15

Feb/1

6

Dec/1

6

Oct/17

Repo Rate Movement

Repo Rate

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund #

HSBC IndiaOpportunities

Fund #

HSBCMidcap

Equity Fund

Overweight Underweight Neutral

#The benchmark for HSBC Equity Fund and HSBC India Opportunities Fund have changed w.e.f. 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme.

Review: HSBC Equity Fund

Positive Contributors

Industrials, Materials - being overweight & certain stock (s) selection helped performance

Consumer Discretionary, Healthcare - certain stock (s) selection helped performance

Consumer Staples – being underweight & certain stock (s) selection helped performance

Negative Contributors

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

Information Technology, Utilities – certain stock (s) selection hurt performance

Telecommunication - being underweight & certain stock (s) selection hurt performance

Energy – being underweight hurt performance

Review: HSBC India Opportunities Fund


Materials - being overweight & certain stock (s) selection helped performance

Healthcare – certain stock (s) selection helped performance

Consumer Staples – being underweight & certain stock (s) selection helped performance


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

Industrials, Information Technology- certain stock (s) selection hurt performance

Energy, Telecommunication – being underweight hurt performance

Review: HSBC Midcap Equity Fund


Materials – being overweight & certain stock (s) selection helped performance

Financials, Consumer Staples, Energy, Information Technology- certain stock (s) selection helped performance

Healthcare - being underweight & certain stock (s) selection helped performance

Telecommunication – being underweight helped performance


Consumer Discretionary - certain stock (s) selection hurt performance

Utilities – being underweight hurt performance

Review: HSBC Dynamic Fund

The cash levels and sector allocation in the fund are likely to change depending on the market conditions and technical factors.

Review: HSBC Monthly Income Plan

Our current exposure is 24.3% in HMIP. 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 2.46%

Direct Plan 1.69%Excludes GST on Investment Management fees of 0.28% ofTotal NetAssets.

0.90

Asset Allocation

Auto 10.50%

AutoAncillaries 1.64%

Banks 27.63%

Cement 2.68%

Construction Project 5.47%

Consumer Non Durables 4.55%

Ferrous Metals 4.31%

Finance 11.62%

Non - Ferrous Metals 4.95%

Petroleum Products 7.02%

Pharmaceuticals 2.84%

Power 1.35%

Software 8.01%

Transportation 1.86%

Other Equity Investments 1.69%

Reverse Repos/CBLOs 1.40%

Net CurrentAssets 2.48%

Total NetAssets 100.00%

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

$The benchmark was changed w.e.f. 11th November, 2016 as amore suitable benchmark was identified which better matchedthe portfolio strategy. There has been no change to investmentmanagement of the scheme.

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate: 6.00% (FIMMDA-NSE Mibor) as on Oct 31,2017)

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 Project

Consumer Non Durables

Ferrous Metals

Finance

Non - Ferrous Metals

Petroleum Products

Pharmaceuticals

Power

Software

Transportation

Other Equity Investments 1,130.53 1.69%

Cash Equivalents

CBLO 636.34 0.95%

Reverse Repos 303.81 0.45%

Net Current Assets 1,664.50 2.48%

Total Net Assets as on 31-Oct-2017 66,997.69 100.00%

Maruti Suzuki India 2,873.94 4.29%

Tata Motors 2,142.00 3.20%

Mahindra & Mahindra 2,017.20 3.01%

Motherson Sumi Systems 1,095.60 1.64%

HDFC Bank 6,329.75 9.45%

ICICI Bank 4,801.60 7.17%

IndusInd Bank 2,440.73 3.64%

Yes Bank 2,356.88 3.52%

Kotak Mahindra Bank 1,537.58 2.29%

Axis Bank 1,046.30 1.56%

Dalmia Bharat 1,795.29 2.68%

Larsen & Toubro 3,666.90 5.47%

ITC 2,125.60 3.17%

Britannia Industries 927.90 1.38%

Tata Steel 2,111.40 3.15%

JSW Steel 775.35 1.16%

HDFC 2,134.25 3.19%

Indiabulls Housing Finance 1,866.08 2.79%

Bajaj Finserv 1,503.11 2.24%

SBI Life Insurance Co 827.63 1.24%

LIC Housing Finance 748.38 1.12%

Power Finance Corporation 696.25 1.04%

Vedanta 3,318.50 4.95%

Reliance Industries 4,704.25 7.02%

Aurobindo Pharma 1,900.00 2.84%

NTPC 906.25 1.35%

Infosys 3,226.48 4.82%

HCL Technologies 2,139.50 3.19%

Interglobe Aviation 1,247.85 1.86%

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 - Dividend27-Jun-14 2.50000 2.50000 31.2065

10-Nov-15 3.70000 3.70000 29.4046

27-Jun-14 2.50000 2.50000 31.5845

10-Nov-15 3.70000 3.70000 30.0806

02-Nov-16 3.00000 3.00000 30.0022

HSBC Equity Fund - Dividend - Direct Plan

02-Nov-16 3.00000 3.00000 31.0071

Date of Allotment

BenchmarkNAV (Growth)(as on 31.10.17)Monthly Average AUM(In Lakhs)Fund ManagerSIPMinimumApplication Amount

Exit Load

Standard DeviationBeta (Slope)Sharpe Ratio**

$

@

per unit

Statistical Ratios

10-Dec-02

Nifty 50

197.6178

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.50%

`

`

`

1.0147

0.1272

66,405.40

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)

06

FUND DETAILS


Portfolio Turnover

Regular 2.57%

Direct Plan 1.71%

Excludes GST on Investment Management fees of 0.20% of TotalNetAssets.

0.48

Asset Allocation

Auto 9.96%


Banks 20.93%

Cement 5.38%

Chemicals 1.72%

Construction 3.65%


Consumer Durables 1.37%



Finance 13.41%

Industrial Products 4.56%


Pesticides 1.35%



Software 4.50%

Telecom - Services 1.57%

Textile Products 2.48%





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


(absolute)

@Effective from March 1, 2013 for prospective investments.

**Risk free rate: % (FIMMDA-NSE Mibor) as on ,2017)

6.00 Oct 31


FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction


Consumer Durables


Ferrous Metals

Finance

Industrial Products


Pesticides

Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products


Cash Equivalents

CBLO 628.28 1.06%


Net Current Assets 106.26 0.18%


Tata Motors 2,142.00 3.61%

Eicher Motors 1,934.00 3.26%

Mahindra & Mahindra 1,008.60 1.70%

Maruti Suzuki India 821.13 1.39%

Balkrishna Industries 681.98 1.15%

HDFC Bank 5,425.50 9.15%

ICICI Bank 3,001.00 5.06%

Yes Bank 2,356.88 3.98%


Dalmia Bharat 1,496.08 2.52%

JK Cement 1,002.40 1.69%

NCL Industries 695.20 1.17%

Vinati Organics 1,019.90 1.72%

Somany Ceramics 849.10 1.43%

Kajaria Ceramics 680.20 1.15%

Ahluwalia Contracts (India) 635.60 1.07%

Larsen & Toubro 1,833.45 3.09%

Blue Star 811.45 1.37%

ITC 1,594.20 2.69%

Jindal Steel & Power 1,223.25 2.06%

Srikalahasthi Pipes 724.70 1.22%

Tata Steel 703.80 1.19%

Bajaj Finance 2,700.90 4.56%

JM Financial 1,645.50 2.78%

Bharat Financial Inclusion 1,511.33 2.55%

Manappuram Finance 1,411.20 2.38%

ICICI Lombard General Insurance Co 677.00 1.14%

Supreme Industries 1,131.00 1.91%

Astral Poly Technik 952.13 1.61%

Finolex Cables 615.20 1.04%

Vedanta 2,488.88 4.20%

UPL 799.30 1.35%

Reliance Industries 2,822.55 4.76%


Infosys 1,382.78 2.33%

HCL Technologies 1,283.70 2.17%

Idea Cellular 928.50 1.57%

Arvind 802.10 1.35%

Welspun India 670.00 1.13%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

17-Mar-15 2.70000 2.70000 27.0820

10-Nov-15 1.50000 1.50000 21.8624

17-Mar-15 1.50000 1.50000 27.5575

10-Nov-15 1.50000 1.50000 23.4738

24-Mar-17 1.50000 1.50000 25.8408

24-Mar-17 1.50000 1.50000 28.1677

An Open Ended Flexi-Cap Equity Scheme

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

Date of Allotment

Benchmark

NAV (Growth)(as on 31 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

$

@

per unit

Monthly Average AUM(In Lakhs)

.10.17

Statistical Ratios

24-Feb-04

S&P BSE 200

86.9481

58,646.06

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.91%

1.0838

0.1509

`

`

`


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)

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

07

FUND DETAILS


Portfolio Turnover

Regular 2.64%

Direct Plan 1.74%

Excludes GST on Investment Management fees of 0.23% ofTotal NetAssets.

0.37

Asset Allocation


(absolute)



6.00 Oct 31


FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction



Ferrous Metals

Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Minerals/Mining

Petroleum Products

Pharmaceuticals

Power

Software

Textiles - Synthetic


Cash Equivalents

CBLO 221.41 0.41%


Net Current Assets -209.31 -0.38%


VST Tillers Tractors 1,857.52 3.40%

Apollo Tyres 1,500.60 2.75%

Federal Bank 1,059.23 1.94%

Deccan Cements 1,645.97 3.01%

Vinati Organics 2,816.69 5.16%

Balaji Amines 2,234.74 4.09%

Navin Fluorine International 1,022.15 1.87%

IRB Infrastructure Developers 739.78 1.36%


Power Mech Projects 713.77 1.31%

CCL Products (India) 2,128.43 3.90%

Kaveri Seed Company 1,402.27 2.57%

Apex Frozen Foods 1,234.23 2.26%

Srikalahasthi Pipes 1,251.07 2.29%

Jindal Steel & Power 978.60 1.79%

Motilal Oswal Financial Services 3,013.47 5.52%

Dewan Housing Finance Corporation 2,596.71 4.76%

Bharat Financial Inclusion 2,496.13 4.57%

Manappuram Finance 2,430.29 4.45%

Indiabulls Housing Finance 2,419.68 4.43%

Muthoot Finance 1,544.03 2.83%

JM Financial 1,448.04 2.65%

Cholamandalam Investment & Fin Co. 1,218.89 2.23%

Sanghvi Movers 1,067.21 1.95%

Ramkrishna Forgings 1,488.52 2.73%

Jain Irrigation Systems 742.76 1.36%

KEI Industries 729.93 1.34%

Jagran Prakashan 1,505.81 2.76%

Gujarat Mineral Development Corpor 1,873.44 3.43%

GOCL Corporation 1,436.16 2.63%


Kalpataru Power Transmission 699.22 1.28%

Sonata Software 1,214.76 2.23%

Sarla Performance Fibers 860.27 1.58%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend19-Nov-10 2.00 2.00 15.4864

10-Nov-15 2.50 2.50 20.1838

02-Nov-16 1.75 1.75 25.3345

02-Nov-16 1.75 1.75 21.5706

HSBC Midcap Equity Fund - Dividend - Direct Plan

An Open Ended Diversified Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.10.17

Statistical Ratios

19-May-05

S&P BSE Midcap

59.5096

52,579.12

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.98%

1.1318

0.2298

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in predominantly mid

cap equity and equity relatedsecurities

HSBC Midcap Equity Fund (HMEF)


Auto 3.40%


Banks 1.94%

Cement 3.01%

Chemicals 11.12%

Construction 2.36%




Finance 31.44%

Industrial Capital Goods 1.95%


Media & Entertainment 2.76%

Minerals/Mining 3.43%



Power 1.28%

Software 2.23%

Textiles - Synthetic 1.58%



Net CurrentAssets -0.38%


HSBC Infrastructure Equity Fund (HIEF)


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�

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Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta

Sharpe Ratio**

$

@

per unit


(Slope)

.10.17

Statistical Ratios

23-Feb-06

S&P BSE IndiaInfrastructure Index

25.1357

15,380.38

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.86%

1.0949

0.1524

`

`

`


Portfolio Turnover

Regular 2.75%

Direct Plan 1.91%


0.33

Asset Allocation

Banks 2.47%

Cement 5.61%

Construction 10.74%



Finance 3.13%

Gas 2.64%

Industrial Capital Goods 9.14%


Minerals/Mining 7.97%


Power 8.09%

Transportation 7.49%







(absolute)



6.00 Oct 31


FUND PORTFOLIO

Banks

Cement

Construction


Ferrous Metals

Finance

Gas

Industrial Capital Goods

Industrial Products

Minerals/Mining

Petroleum Products

Power

Transportation

Other Equity Investments 387.24 2.39%

Cash Equivalents

CBLO 140.22 0.86%




Karnataka Bank 402.19 2.47%

Deccan Cements 912.78 5.61%

KNR Constructions 497.95 3.06%

IRB Infrastructure Developers 485.10 2.98%


NBCC India 371.18 2.28%

Larsen & Toubro 183.35 1.13%

Power Mech Projects 169.29 1.04%

Srikalahasthi Pipes 964.52 5.93%

Jindal Saw 692.64 4.26%

Jindal Steel & Power 464.84 2.86%

Rural Electrification Corporation 509.21 3.13%

Gujarat State Petronet 429.45 2.64%

Voltamp Transformers 645.38 3.97%

Sanghvi Movers 626.54 3.85%

Inox Wind 214.09 1.32%

KEI Industries 1,265.20 7.78%

Schaeffler India 380.19 2.34%

Gujarat Mineral Development Corpor 1,296.44 7.97%

Hindustan Petroleum Corporation 761.27 4.68%

Indian Oil Corporation 641.53 3.94%

GOCL Corporation 634.23 3.90%

PTC India 475.03 2.92%

Power Grid Corporation of India 343.20 2.11%

Reliance Infrastructure 319.25 1.96%

JSW Energy 179.34 1.10%

Adani Ports & Special Economic Zone 933.86 5.74%

Gateway Distriparks 285.15 1.75%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend11-May-07 1.00 1.00 12.2390

26-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

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

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.10.17

Statistical Ratios

05-Jan-07

S&P BSE 200

37.6242

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.61%

0.9841

0.1720

`

`

18,662.07


Portfolio Turnover

Regular 2.61%

Direct Plan 1.88%


0.54

Asset Allocation

Auto 9.35%AutoAncillaries 5.12%Banks 27.09%Cement 7.07%Construction 3.45%Construction Project 2.70%Consumer Durables 3.22%Consumer Non Durables 5.80%Finance 5.78%Industrial Products 8.16%Non - Ferrous Metals 2.80%Petroleum Products 2.53%Pharmaceuticals 5.32%Software 2.86%Textile Products 1.55%Textiles - Cotton 1.58%Transportation 1.74%Other Equity Investments 0.94%Reverse Repos/CBLOs 2.01%Net CurrentAssets 0.93%Total NetAssets 100.00%


(absolute)



6.00 Oct 31


FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction


Consumer Durables


Finance

Industrial Products


Petroleum Products

Pharmaceuticals

Software

Textile Products

Textiles - Cotton

Transportation

Other Equity Investments 178.28 0.94%

Cash Equivalents

CBLO 258.53 1.36%




Maruti Suzuki India 1,156.39 6.09%

Tata Motors 335.25 1.77%

Mahindra & Mahindra 282.41 1.49%

MRF 365.32 1.92%

Exide Industries 313.13 1.65%

Amara Raja Batteries 293.83 1.55%

HDFC Bank 1,757.86 9.26%

ICICI Bank 1,450.83 7.64%


Federal Bank 574.81 3.03%

DCB Bank 284.72 1.50%

NCL Industries 792.75 4.18%

OCL India 548.31 2.89%

Somany Ceramics 654.80 3.45%


Blue Star 345.43 1.82%

Crompton Greaves Consumer Electrical 265.38 1.40%

Heritage Foods 507.85 2.68%

United Spirits 357.01 1.88%

ITC 236.20 1.24%

JM Financial 532.17 2.80%

Cholamandalam Investment & Fin Co. 287.80 1.52%

ICICI Lombard General Insurance Co 277.57 1.46%

Nilkamal 478.09 2.52%

Finolex Cables 467.55 2.46%

Astral Poly Technik 407.79 2.15%

Kirloskar Brothers 194.77 1.03%

Vedanta 530.96 2.80%

Reliance Industries 479.83 2.53%

Torrent Pharmaceuticals 368.26 1.94%

Sun Pharmaceutical Industries 368.78 1.94%

Aurobindo Pharma 273.60 1.44%

Infosys 542.05 2.86%

Indian Terrain Fashions 294.97 1.55%

Indo Count Industries 299.38 1.58%

Interglobe Aviation 330.68 1.74%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

17-Mar-15 2.50000 2.50000 23.9029

23-Mar-16 1.50000 1.50000 19.4675

24-Mar-17 1.50000 1.50000 23.9550

24-Mar-17 1.50000 1.50000 23.1073

17-Mar-15 2.50000 2.50000 24.3256

23-Mar-16 1.50000 1.50000 19.9950

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

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

term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


HSBC Dynamic Fund (HDF)

10

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.10.17

Statistical Ratios

24-Sep-07

S&P BSE 200

17.3227

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.61%

0.8145

0.1029

4,545.28


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%


0.93

Asset Allocation

Auto 11.99%

Banks 27.74%




Finance 7.87%




Power 6.34%

Software 5.87%





(absolute)



6.00 Oct 31

FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

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

Auto

Banks



Ferrous Metals

Finance


Petroleum Products

Pharmaceuticals

Power

Software

Cash Equivalents

CBLO 193.15 4.24%




Maruti Suzuki India 213.49 4.69%

Tata Motors 171.36 3.76%

Mahindra & Mahindra 161.38 3.54%

HDFC Bank 434.04 9.53%

ICICI Bank 288.10 6.33%

Kotak Mahindra Bank 205.01 4.50%

IndusInd Bank 178.99 3.93%

Yes Bank 157.13 3.45%


ITC 292.27 6.42%

Tata Steel 175.95 3.86%

JSW Steel 113.72 2.50%

HDFC 358.55 7.87%

Vedanta 199.11 4.37%

Reliance Industries 413.97 9.09%

Aurobindo Pharma 136.80 3.00%

NTPC 146.81 3.22%

Power Grid Corporation of India 141.94 3.12%

Infosys 267.34 5.87%


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 Emerging Markets Fund (HEMF)


�

�

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Low riskLOW RISK

(BLUE)



11

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%

(inclusive of underlying scheme's expenses)


Asset Allocation

Overseas Mutual Fund 97.86%





(absolute)



6.00 Oct 31


FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents

CBLO 21.16 2.23%



Total Net Assets as on 31-Oct-2017 949.89 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 929.61 97.86%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.10.17

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

13.8497

949.48

Ranjithgopal K A(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.11%

1.1560

0.0230

`

`

`





`

HSBC - Emerging Market Fund - Dividend

HSBC - Emerging Market Fund - Dividend - Direct Plan27-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)



12

FUND DETAILS


Regular 2.24%

Direct Plan 1.54%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 18.33 2.47%




HSBC GIF Asia Pacific Ex Japan Eq HD-S9D 716.81 96.48%

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 AllotmentBenchmark


Fund Manager

SIPMinimumApplication Amount

Exit Load

per unit


@

.10.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

24-Feb-14

MSCI AC Asia Pacific

ex Japan

Ranjithgopal K A (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

737.67

`

`

`13.1755

3.33%

0.6750

0.0490


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)



(absolute)



6.00 Oct 31

HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



13

FUND DETAILS


Regular 2.68%

Direct Plan 1.98%



Asset Allocation






(absolute)



6.00 Oct 31

FUND PORTFOLIO


Cash Equivalents

CBLO 49.50 1.92%




HSBC GIF Brazil Equity S3D 2,498.42 96.95%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.10.17

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

7.5176

2,759.03

Ranjithgopal K A(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

9.46%

0.8730

-0.0340

`

`

`


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)



14

FUND DETAILS


Regular 2.23%

Direct Plan 1.96%


Excludes GST on Investment Management fees of 0.00% of TotalNetAssets and of 0.24% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 97.61%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 264.56 1.70%




HSBC Equity Fund - Growth Direct 9,098.88 58.35%

HSBC Midcap Equity Fund - Growth Direct 3,121.44 20.02%

HSBC Income Fund Short Term - Growth Direct 1,323.38 8.49%

HSBC Income Fund Inv Plan Growth Direct 1,028.50 6.60%

HSBC Flexi Debt Fund Growth Direct 646.60 4.15%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

Monthly Average AUM

(In Lakhs)

@

.10.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

17.5090

15,215.13

Ranjithgopal K A (DedicatedFund Manager for investments

in foreign securities)

Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`

3.36%

0.9470

0.1720


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



(absolute)



6.00 Oct 31

HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.12%

Direct Plan 1.87%


Excludes GST on Investment Management fees of 0.00% of TotalNetAssets and of 0.21% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 98.54%




FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 186.24 0.69%





HSBC Midcap Equity Fund - Growth Direct 4,467.23 16.53%


HSBC Flexi Debt Fund Growth Direct 4,010.15 14.84%


IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

Monthly Average AUM

(In Lakhs)

@

.10.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

CRISIL Balanced FundAggressive

16.5581

26,679.27


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

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

Index

`

`

`

2.68%

0.9310

0.1920


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



(absolute)



6.00 Oct 31

HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 1.62%

Direct Plan 1.37%


Excludes GST on Investment Management fees of 0.04% of TotalNet Assets and of 0.11% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 99.16%




FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 287.05 0.84%





HSBC Flexi Debt Fund Growth Direct 7,794.76 22.73%

L&T Triple Ace Bond Fund Direct Growth 4,604.96 13.43%


IDFC Dynamic Bond Fund-Direct Pl-Growth 1,636.05 4.77%


HDFC Income Fund Direct Plan - Growth 1,039.61 3.03%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

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

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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


@

.10.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

13.8342


in foreign securities)(For managing

investments in Indian Market –Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Ni

`

34,067.67

Gautam Bhupal

`

`

0.89%

0.8620

0.1890

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



(absolute)



6.00 Oct 31

HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

17

FUND DETAILS


Regular 2.33%

Direct Plan 1.63%



Asset Allocation





FUND PORTFOLIO


Cash Equivalents

CBLO 7.70 1.75%




HSBC GIF-China Consumer Opp S5 Cap 426.14 96.67%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

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

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

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

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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


@

.10.17

23-Feb-15

MSCI AC World Index

12.0604

442.50

Ranjithgopal K A (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

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

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



18

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver 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)

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

Ranjithgopal K A (from 27 February 2017)


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


For overseas investment : ,For Investments in Indian Market - Equity Portion :

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

Gautam Bhupal(from 21 Oct 2015)


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


Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 20 years experience in Equity Research and Fund Management.

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

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

HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003

DSQ Software LtdBusiness Analyst from June 1999 to November 1999

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

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

�

�

�

�

�

�

Gautam Bhupal

Vice President & Fund Manager Equities

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

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

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

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

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

Experience:

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



�

�

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Low riskLOW RISK

(BLUE)



19

Neelotpal Sahai

Senior Vice President & Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

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

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

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

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

�

�

�

�

�

�

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Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 11 years experience in research.

HSBC Asset Management (India) Private Ltd

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

SBI Funds Management India Private Ltd

Senior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private Ltd

Assistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private Ltd

Research Associate from May 2005 to November 2005

Experience:

�

�

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Ranjithgopal K A

Vice President - Equities from March 2016 onwards

Associate Vice President - Investment Management (Analyst) from January 2012 to February 2016

Associate Vice President - Institutional Sales from April 2009 to December 2011

Associate Vice President - Sales & Distribution from May 2006 to April 2009

Vice President - Equities

PGDBM, BA - Economics

Over 10 years of experience in Equity Research & Sales


Experience:

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20

Funds Managed by Neelotpal Sahai.(Total Schemes Managed 3)

Funds Managed by Neelotpal Sahai.(Total Schemes Managed 3)

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks 1 Year 3 Years 5 Years SinceInception

HSBC Equity Fund - Growth

(Scheme Benchmark)

(Standard Benchmark)

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

10,000, if invested in , would have become


`

`

`

Nifty 50

S&P BSE Sensex

Nifty 50

S&P BSE Sensex

18.70% 10.63% 14.34% 22.17%

19.77% 7.48% 12.95% 16.48%

18.86% 6.02% 12.40% 16.78%

11,870 13,539 19,545 198,706

11,977 12,416 18,385 97,570

11,886 11,917 17,942 101,391

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth

S&P BSE 200 (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

18.94% 12.81% 19.36% 17.11%

20.74% 10.20% 14.81% 14.24%

19.77% 7.48% 12.95% 13.52%

11,894 14,355 24,226 86,985

12,074 13,383 19,944 61,895

11,977 12,416 18,385 56,765

` ` ` `

` ` ` `

` ` ` `

17.49% 9.10% 11.19% 5.59%

20.74% 10.20% 14.81% 8.08%

19.77% 7.48% 12.95% 7.59%

11,749 12,988 16,997 17,325

12,074 13,383 19,944 21,934

11,977 12,416 18,385 20,959

` ` ` `

` ` ` `

` ` ` `

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

The said Fund is managed by Neelotpal Sahai Effective (27 May 2013)



The said Fund is managed by Sanjay Shah Effective (14 August 2009)


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

(Total Schemes Managed 3)Funds Managed by (Total Schemes Managed 10)


Returns are of growth option. The returns for the respective periods are provided as on 31st October 2017. Returns above 1 year are Compounded Annualized. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of theperiod. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.

`

Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.


1 Year 3 Years 5 Years


21

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks SinceInception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

0.95% -2.93% -4.17% -4.30%

5.94% -1.90% -4.12% -7.48%

19.77% 7.48% 12.95% 10.04%

10,095 9,146 8,080 7,517

10,594 9,441 8,104 6,033

11,977 12,416 18,385 18,622

` ` ` `

` ` ` `

` ` ` `

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

Returns are of growth option. The returns for the respective periods are provided as on 31st October 2017. Returns above 1 year are Compounded Annualized. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of theperiod. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`



Funds Managed by - Ranjithgopal K A (Total Schemes Managed 7)

Funds Managed by - Ranjithgopal K A (Total Schemes Managed 7)

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

21.93% 6.35% 6.56% 3.44%

22.93% 6.85% 6.29% 3.41%

19.77% 7.48% 12.95% 9.01%

12,193 12,030 13,739 13,851

12,293 12,200 13,564 13,810

11,977 12,416 18,385 22,957

` ` ` `

` ` ` `

` ` ` `



The said Fund is managed by Ranjithgopal K A Effective (27 February 2017)


HSBC Asia Pacific (Ex Japan) DividendYield Fund


Scheme Name & Benchmarks 1 Year 3 Years SinceInception

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

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

20.62% 7.54% 7.77%

24.33% 4.30% 5.13%

19.77% 7.48% 14.95%

12,062 12,438 13,178

12,433 11,346 12,026

11,977 12,416 16,714

` ` `

` ` `

` ` `


Funds Managed by Sanjay Shah (for Fixed Income portion) (Total Schemes Managed 10)

Funds Managed by Ranjithgopal K A (For overseas investment) (Total Schemes Managed 7)


The said Fund is managed by Sanjay Shah Effective (24 February 2014)

The said Fund has been in existence for more than 3 years but less than 5 years

22

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


Scheme Name & BenchmarksScheme Name & BenchmarksScheme Name & Benchmarks 1 Year1 Year1 Year SinceInception

SinceInception

SinceInception

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

MSCI AC World Index (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

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

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

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

`

`

`

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

27.18% 7.22%

20.83% 5.36%

19.77% 6.37%

12,718 12,063

12,083 11,508

11,977 11,807

` `

` `

` `

Please Note : NAmeans not available.* BSE vide its notification dated April 10, 2015 have notified change in the index composition of S&P BSE Midcap Index. As a result returns for the said benchmark are different when comparedto the historically published returns. The corresponding benchmark returns for inception of the scheme has not been provided, as the historical index data for S&P BSE Midcap Index is availableonly from Sept 16, 2005 whereas the inception date of the scheme is May 19, 2005.


Funds Managed by - Dhiraj Sachdev (Total Schemes Managed 2)

Funds Managed by - Dhiraj Sachdev (Total Schemes Managed 2)

HSBC Midcap Equity Fund Date of Inception : 19 May 05


HSBC Midcap Equity Fund - Growth

S&P BSE Midcap (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

*

26.79% 20.58% 25.07% 15.39%

23.06% 19.02% 20.35% NA

19.77% 7.48% 12.95% 14.13%

12,679 17,531 30,600 56,796

12,306 16,859 25,251 NA

11,977 12,416 18,385 49,724

` ` ` `

` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on . Returns above 1 year are Compounded Annualized. Standard benchmark isprescribed 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 providedabove have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plans shall have a different expensestructure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

31st October 2017`


HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth

S&P BSE India Infrastructure (Scheme Benchmark)


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

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


$

`

`

`

34.05% 13.51% 17.06% 8.20%

24.65% 9.40% NA NA

19.77% 7.48% 12.95% 10.96%

13,405 14,624 21,978 13,107

12,465 13,093 NA NA

11,977 12,416 18,385 14,292

` ` ` `

` `

` ` ` `



Funds Managed by Sanjay Shah (for Fixed Income portion) (Total Schemes Managed 10)

Funds Managed by Ranjithgopal K A (For overseas investment) (Total Schemes Managed 7)


The said Fund is managed by Sanjay Shah Effective (13 February 2015)

The said Fund is managed by Dhiraj Sachdev Effective (01 December 2009)

The said Fund is managed by Dhiraj Sachdev Effective (01 December 2009)

The said Fund has been in existence for more than 1 year but less than 3 years

Please Note : NAmeans not available.$The benchmark of the scheme was changed from S&P BSE 200 to S&P BSE India Infrastructure Index with effect from 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme. Since, S&P BSE India Infrastructure Indexwas launched on May 19, 2014 and the historic index data prior to the said date is not available, wherever scheme’s corresponding benchmark returns are not available, thesame has not been provided.

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


HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

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

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


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

`

`

`

`

18.48% 12.98% 17.32%

18.03% 10.14% 15.03%

19.77% 7.48% 13.17%

5.12% 9.43% 10.00%

11,848 14,422 17,517

11,803 13,363 16,347

11,977 12,416 15,439

10,512 13,103 13,973

` ` `

` ` `

` ` `

` ` `


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


23

Returns are of growth option. The returns for the respective periods are provided as on 31st October 2017. Returns above 1 year are Compounded Annualized. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period.The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plansshall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`

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


HSBC Tax Saver Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

23.49% 13.54% 19.18% 13.02%

20.74% 10.20% 14.81% 9.72%

19.77% 7.48% 12.95% 9.21%

12,349 14,637 24,049 37,637

12,074 13,383 19,944 27,307

11,977 12,416 18,385 25,952

` ` ` `

` ` ` `

` ` ` `

Funds Managed by - Aditya Khemani (Total Schemes Managed 2)



The said Fund is managed by Gautam Bhupal Effective (21 October 2015)

The said Fund is managed by Sanjay Shah Effective (April 2014)

The said Fund is managed by Aditya Khemani Effective (24 February 2009)


Funds Managed by Gautam Bhupal (for Equity portion)Sanjay Shah (for Fixed Income portion)

(For overseas investment)

(Total Schemes Managed 3)Funds Managed by (Total Schemes Managed 10)Funds Managed by Ranjithgopal K A (Total Schemes Managed 7)


24

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


Returns are of growth option. The returns for the respective periods are provided as on 31st October 2017. Returns above 1 year are Compounded Annualized. Standardbenchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period.The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plansshall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`


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


HSBC Managed Solutions - Moderate - Growth

CRISIL Balanced Fund – Aggressive Index (Scheme Benchmark)



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

10,000,if investedinCRISILBalancedFund–AggressiveIndex,wouldhavebecome



`

`

`

`

16.10% 12.39% 15.47%

15.40% 8.56% 12.52%

19.77% 7.48% 13.17%

5.12% 9.43% 10.00%

11,610 14,197 16,565

11,540 12,794 15,128

11,977 12,416 15,439

10,512 13,103 13,973

` ` `

` ` `

` ` `

` ` `








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


HSBC Managed Solutions - Conservative - Growth




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




`

`

`

`

6.91% 8.27% 9.70%

8.54% 9.95% 11.19%

19.77% 7.48% 13.17%

5.12% 9.43% 10.00%

10,691 12,692 13,838

10,854 13,291 14,511

11,977 12,416 15,439

10,512 13,103 13,973

` ` `

` ` `

` ` `

` ` `









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 , 2017 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

-

-

-

-

Oct 31

Nifty 50

Nifty 50

S&P BSE Sensex

S&P BSE Sensex


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 600000 1790000

134610 452745 881357 6333711

23.35 15.46 15.37 15.46

135487 437096 831597 5190586

24.80 13.01 13.01 13.15

134832 429538 809630 5125278

23.72 11.81 11.93 13.00

120000 360000 600000 1650000

136603 460661 977024 5082327

26.65 16.68 19.58 15.11

136978 452051 882441 4228083

27.27 15.36 15.42 12.75

135487 437096 831597 3980008

24.80 13.01 13.01 11.96

120000 360000 600000 1220000

133197 435444 823955 1994576

21.03 12.75 12.64 9.34

136978 452051 882441 2339065

27.27 15.36 15.42 12.28

135487 437096 831597 2184821

24.80 13.01 13.01 11.02

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

The returns are calculated by XIRR approach assuming investment of 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments givenan initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions. Data as on , 2017.

`

`

October 31


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 (%)





`

`

`

Market Value as on

MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 600000 770000

126574 446890 643705 780910

10.34 14.56 2.78 0.43

131424 472624 680385 806911

18.16 18.50 4.97 1.44

135667 437662 849063 1169097

25.13 13.11 13.86 12.84

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 NA 440000

133826 442768 NA 544380

22.08 13.92 NA 11.63

137732 439599 NA 530434

28.55 13.42 NA 10.19

135625 437621 NA 552100

25.05 13.10 NA 12.42

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 600000 1150000

135581 445240 746582 1603181

24.98 14.31 8.68 6.76

137979 443338 752367 1577090

28.96 14.01 8.99 6.43

135625 436871 830884 2052809

25.05 12.99 12.99 11.67


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

`

`

Data as on , 2017October 31






`


27

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 600000 1300000

138026 474756 990199 3247723

29.01 18.82 20.14 15.99

136978 452051 882441 2557278

27.27 15.36 15.42 11.93

135487 437096 831597 2390144

24.80 13.01 13.01 10.77

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE -

S&PBSE -

Nifty 50 -

Nifty 50 -

$

Oct 31

India Infrastructure Index

India Infrastructure Index

, 2017 ( )`

120000 360000 600000 1400000

146786 492144 1058186 2768648

43.88 21.39 22.88 11.12

138705 478873 NA NA

30.15 19.43 NA NA

135487 437382 831882 2694642

24.80 13.06 13.03 20.72



`

`






`

Please Note : “NAmeans not available.$The benchmark of the scheme was changed from S&P BSE 200 to S&P BSE India Infrastructure Index with effect from 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme. Since, S&P BSE India Infrastructure Indexwas launched on May 19, 2014 and the historic index data prior to the said date is not available, wherever scheme’s corresponding benchmark returns are not available, thesame has not been provided.”


28

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 NA 420000

134648 458520 NA 551968

23.41 16.36 NA 15.78

134383 444274 NA 532046

23.06 14.12 NA 13.57

135487 437027 NA 519348

24.80 13.01 NA 12.17

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


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

Market Value as on

CRISIL Balanced Fund – Aggressive Index -

CRISILBalancedFund–AggressiveIndex-

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 NA 420000

132421 448615 NA 539529

19.76 14.83 NA 14.43

131382 429412 NA 512536

18.06 11.79 NA 11.40

135487 437027 NA 519348

24.80 13.01 NA 12.17

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 600000 1500000

146085 513123 1240394 4346871

42.67 24.42 29.53 15.86

141656 503107 1087049 NA

35.12 22.99 24.00 NA

135487 437096 831597 3121592

24.80 13.01 13.01 11.09



`

`





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



`

Please Note : “NAmeans not available.* BSE vide its notification dated April 10, 2015 have notified change in the index composition of S&P BSE Midcap Index. As a result returns for the said benchmark are different when comparedto the historically published returns. The corresponding benchmark returns for inception of the scheme has not been provided, as the historical index data for S&P BSE Midcap Index is availableonly from Sept 16, 2005 whereas the inception date of the scheme is May 19, 2005.”


29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 360000 NA 420000

124078 407938 NA 485131

6.37 8.29 NA 8.20

125302 418347 NA 500686

8.35 9.97 NA 10.01

135487 437027 NA 519348

24.80 13.01 NA 12.17

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



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

Oct 31, 2017 ( )`

120000 NA NA 320000

137497 NA NA 388225

28.16 NA NA 14.66

132598 NA NA 376018

20.07 NA NA 12.15

135625 NA NA 388653

25.05 NA NA 14.74



`

`

Data as on October 31, 2017




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


`

HSBC Monthly Income Plan (HMIP)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 31 )

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIPExit Load

per unit


.10.17

Yield To Maturity*

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 2.44%Direct Plan 1.77%Excludes GST on Investment Management fees of 0.20% ofTotal NetAssets.

Asset Allocation

Government Securities 45.01%

Equity 24.30%

Corporate/ PSU Debt 23.51%

Cash Equivalents 7.80%




* Based on investedAmount

FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY

Government Securities

Cash EquivalentsCBLO 1,594.08 5.28%Reverse Repos 761.09 2.52%Net Current Assets -182.43 -0.62%Total Net Assets as on 31-Oct-2017 30,189.78 100.00%

Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,599.19 5.30% CRISIL AAAIndia Infradebt 1,025.52 3.40% CRISIL AAANational Highways Authority of India 1,003.10 3.32% CRISIL AAABajaj Finance 699.04 2.32% CRISIL AAAPower Finance Corporation 694.43 2.30% CRISIL AAATata Sons 509.16 1.69% CRISIL AAAHDFC 507.16 1.68% CRISIL AAAPower Finance Corporation 504.23 1.67% CARE AAAPower Grid Corporation of India 207.40 0.69% CRISIL AAANABARD 152.18 0.50% CRISIL AAANTPC 142.11 0.47% CRISIL AAAShriram Transport Finance Company 50.24 0.17% CRISIL AA+

HDFC Bank 741.49 2.46%ICICI Bank 581.98 1.93%IndusInd Bank 431.19 1.43%Maruti Suzuki India 379.11 1.26%Hindustan Unilever 301.94 1.00%United Spirits 250.21 0.83%JM Financial 236.58 0.78%MRF 209.23 0.69%Somany Ceramics 208.67 0.69%The Federal Bank 204.54 0.68%Heritage Foods 203.39 0.67%Sun Pharmaceutical Ind 200.70 0.66%NCL Industries 189.60 0.63%OCL India 184.88 0.61%Astral Poly Technik 184.82 0.61%Infosys 184.37 0.61%Nilkamal 176.94 0.59%InterGlobe Aviation 174.70 0.58%Crompton Greaves Cons Electrical 172.50 0.57%Finolex Cables 172.26 0.57%Sun TV Network 171.30 0.57%Exide Industries 167.00 0.55%Torrent Pharmaceuticals 165.08 0.55%Mahindra & Mahindra 161.38 0.53%Gateway Distriparks 153.50 0.51%ICICI Lombard General Insurance Co. 145.56 0.48%Cholamandalam Investment & Fin Co 143.90 0.48%ITC 137.49 0.46%Castrol India 131.97 0.44%Indo Count Industries 121.18 0.40%DCB Bank 115.67 0.38%Amara Raja Batteries 115.43 0.38%Ahluwalia Contracts (India) 92.85 0.31%IPCA Laboratories 86.70 0.29%Aditya Birla Fashion and Retail 36.02 0.12%

8.24% GOVT OF INDIA RED 15-02-2027 2,492.87 8.26% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 1,833.40 6.07% SOVEREIGN6.79% GOVT OF INDIA RED 15-05-2027 1,731.21 5.73% SOVEREIGN7.94% HIMACHAL PRADESH SDL RED 28-02-30 1,635.19 5.42% SOVEREIGN6.68% GOVT OF INDIA RED 17-09-2031 1,515.07 5.02% SOVEREIGN7.55% MADHYA PRADESH SDL 11-10-2027 768.91 2.55% SOVEREIGN8.39% RAJASTHAN SPL SDL RED 15-03-2024 729.21 2.42% SOVEREIGN6.97% GOVT OF INDIA RED 06-09-2026 716.83 2.37% SOVEREIGN6.79% GOVT OF INDIA RED 26-12-2029 663.88 2.20% SOVEREIGN7.51% KARNATAKA SDL 11-10-2027 556.88 1.84% SOVEREIGN7.77% TAMIL NADU SDL RED 22-02-2027 423.89 1.40% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 415.20 1.38% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 106.63 0.35% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Monthly Dividend

HSBC MIP - Monthly Dividend - Direct Plan

HSBC MIP - Quarterly Dividend

HSBC MIP - Quarterly Dividend - Direct Plan

28-Aug-17 0.07223 0.06692 13.489725-Sep-17 0.07223 0.06692 13.3669

25-Apr-17 0.07223 0.06692 16.136525-Sep-17 0.07223 0.06692 16.4966

27-Mar-17 0.21668 0.20075 13.557827-Jun-17 0.21668 0.20075 13.7386

27-Mar-17 0.21668 0.20075 14.414727-Jun-17 0.21668 0.20075 14.6449

25-Oct-17 0.07223 0.06692 13.3272

25-Oct-17 0.07223 0.06692 16.4798

25-Sep-17 0.21668 0.20075 13.4921

25-Sep-17 0.21668 0.20075 14.4199

Rating24-Feb-04

CRISIL MIP Blended Index

35.1732

7.59 years

5.18 years

30,177.87

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

7.22%

Rating Profile

Sovereign 45.01%

Equity 24.30%

AAAand equivalents 23.34%

Reverse Repos/ CBLOs 7.80%

AA+/AA-/AAand equivalents 0.17%





Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Monthly Income Plan (HMIP)


• 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 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.

31

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.10.17

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 1.84%Direct Plan 1.09%Excludes GST on Investment Management fees of 0.19% ofTotal NetAssets.

Asset Allocation







* Based on invested Amount

FUND PORTFOLIO

Corporate/ PSU Debt


Tata Sons 305.49 5.61% CRISIL AAA

Bajaj Finance 199.73 3.66% CRISIL AAA

Power Finance Corporation 198.41 3.64% CRISIL AAA

7.61% GOVT OF INDIA RED 09-05-2030 751.90 13.80% SOVEREIGN



7.94% HIMACHAL PRADESH SDL RED 28-02-30 408.80 7.50% SOVEREIGN



7.55% MADHYA PRADESH SDL 11-10-2027 219.69 4.03% SOVEREIGN


8.39% RAJASTHAN SPL SDL RED 15-03-2024 208.35 3.82% SOVEREIGN


7.51% KARNATAKA SDL 11-10-2027 159.11 2.92% SOVEREIGN

7.77% TAMIL NADU SDL RED 22-02-2027 121.11 2.22% SOVEREIGN


Cash Equivalents

CBLO 463.59 8.51%




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

27.8643

9.12 years

5.99 years

7.22%

5,473.46

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 73.23%




Total NetAssets 100.00%Dividend DeclarationRecord Date / periodof dividend declared




`

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

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

27-Mar-17 0.14445 0.13383 11.1915

27-Jun-17 0.14445 0.13383 11.2759

25-Sep-17 0.14445 0.13383 11.1079

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

32

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


.10.17

@


Regular 1.25%

Direct Plan 0.30%Excludes on Investment Management fees of 0.05% ofTotal NetAssets.

GST

Asset Allocation



Money Market Instruments 13.36%






FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt


Cash EquivalentsCBLO 12,285.47 4.94%Reverse Repos 5,865.69 2.36%Net Current Assets -1,718.80 -0.69%Total Net Assets as on 31-Oct-2017 2,48,724.56 100.00%

Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

The South Indian Bank 7,453.32 3.00% CARE A1+IndusInd Bank 4,891.92 1.97% CRISIL A1+HDFC Bank 990.59 0.40% CARE A1+

Edelweiss Commodities Services 12,382.51 4.98% CRISIL A1+Edelweiss Commodities Services 7,489.84 3.01% CRISIL A1+

NABARD 12,500.06 5.03% CRISIL AAANabha Power 7,634.09 3.07% [ICRA]AAANabha Power 7,581.44 3.05% [ICRA]AAA(SO)Volkswagen Finance Pvt 5,097.53 2.05% Fitch AAADewan Housing Finance Corporation 5,085.52 2.04% CARE AAADalmia Cements (Bharat) 5,068.41 2.04% [ICRA]AAShriram Transport Finance Company 5,062.31 2.04% CRISIL AA+LIC Housing Finance 5,053.51 2.03% CRISIL AAABajaj Finance 5,035.14 2.02% CRISIL AAAShriram Transport Finance Company 5,032.05 2.02% Fitch AA+Aditya Birla Finance 5,018.44 2.02% [ICRA]AA+Indiabulls Housing Finance 5,016.82 2.02% CARE AAARural Electrification Corporation 5,016.73 2.02% Fitch AAATata Capital Financial Services 5,010.31 2.01% [ICRA]AA+Rural Electrification Corporation 4,983.04 2.00% CARE AAADewan Housing Finance Corporation 4,069.93 1.64% CARE AAACLP Wind Farm India Pvt 4,066.00 1.63% Fitch AACholamandalam Investment & Fin Co 4,010.81 1.61% [ICRA]AAPower Grid Corporation of India 3,198.37 1.29% CRISIL AAAHDFC 3,078.32 1.24% CRISIL AAAPower Finance Corporation 2,577.13 1.04% CRISIL AAAPower Finance Corporation 2,571.60 1.03% CRISIL AAAHDFC 2,532.18 1.02% CRISIL AAAPower Finance Corporation 2,514.58 1.01% CRISIL AAAOrix Leasing & Financial Services 2,508.57 1.01% Fitch AAAPower Finance Corporation 2,493.44 1.00% CRISIL AAARural Electrification Corporation 2,490.96 1.00% CARE AAAPower Finance Corporation 2,480.11 1.00% CRISIL AAAHDFC 2,028.64 0.82% CRISIL AAAIndia Infradebt 1,538.28 0.62% CRISIL AAAPower Finance Corporation 1,022.94 0.41% CRISIL AAAEast North Interconnection Company 1,003.70 0.40% CRISIL AAA (SO)Shriram Transport Finance Company 1,003.66 0.40% CRISIL AA+East North Interconnection Company 1,001.31 0.40% CRISIL AAA (SO)Tata Capital Financial Services 502.38 0.20% CRISIL AA+Cholamandalam Investment & Fin Co 352.89 0.14% [ICRA]AATata Capital Housing Finance 352.71 0.14% CRISIL AA+LIC Housing Finance 352.12 0.14% CARE AAAPower Finance Corporation 325.09 0.13% CRISIL AAARural Electrification Corporation 321.47 0.13% CARE AAAPower Grid Corporation of India 313.93 0.13% CRISIL AAASmall Industries Development Bk of India 243.96 0.10% CARE AAAExport Import Bank of India 161.14 0.06% CRISIL AAASmall Industries Development Bk of India 111.09 0.04% CARE AAAIndian Railway Finance Corporation 99.56 0.04% CRISIL AAANABARD 10.09 0.00% CRISIL AAA

Sundaram BNP Paribas Home Finance 6,786.11 2.73% [ICRA]AA+Sundaram BNP Paribas Home Finance 6,786.11 2.73% [ICRA]AA+JM Financial Products 5,308.89 2.13% CRISIL AAJM Financial Products 5,195.71 2.09% CRISIL AASundaram BNP Paribas Home Finance 2,575.49 1.04% [ICRA]AA+

6.79% GOVT OF INDIA RED 15-05-2027 12,387.13 4.98% SOVEREIGN8.40% UTTAR PRADESH SDL RED 10-03-2020 5,155.86 2.07% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 3,872.80 1.56% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 3,625.25 1.46% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 2,557.00 1.03% SOVEREIGN8.25% UTTAR PRADESH SDL RED 29-03-2020 2,571.45 1.03% SOVEREIGN7.62% GUJARAT SDL RED 01-11-2027 2,506.06 1.01% SOVEREIGN7.51% KARNATAKA SDL 11-10-2027 1,972.63 0.79% SOVEREIGN8.03% UTTAR PRADESH SDL RED 02-06-2020 251.21 0.10% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

27.9589

2.45 years

1.89 years

7.11%

2,35,287.72

Sanjay Shah &

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile



Sovereign 14.03%








`

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

28-Aug-17 0.04789 0.04437 11.261625-Sep-17 0.03946 0.03656 11.2293

26-Dec-16 0.07035 0.06518 11.333525-Jan-17 0.05706 0.05286 11.3524

25-Sep-17 0.14445 0.13383 10.3838

25-Sep-17 0.14445 0.13383 10.4138

25-Oct-17 0.04094 0.03793 11.2220

27-Feb-17 0.04637 0.04296 11.2799

27-Jul-15 0.05814 0.05387 12.0045

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

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

HSBC Income Fund - Short Term Plan - Quarterly Dividend

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


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 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 31.10 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


.17

@

Asset Allocation


Treasury Bill 8.84%


Fixed Deposit 3.14%





FUND PORTFOLIO

Money Market InstrumentsCertificate of Deposit

Commercial Paper

Fixed Deposit

Oriental Bank of Commerce 19,913.82 4.17% CRISIL A1+ICICI Bank 17,332.46 3.63% [ICRA]A1+IndusInd Bank 14,878.28 3.11% CRISIL A1+Axis Bank 14,856.39 3.11% CRISIL A1+Vijaya Bank 12,445.99 2.60% [ICRA]A1+HDFC Bank 9,917.47 2.07% CARE A1+The South Indian Bank 4,993.35 1.04% CARE A1+HDFC Bank 4,988.39 1.04% Fitch A1+Axis Bank 4,976.78 1.04% CRISIL A1+Axis Bank 4,952.96 1.04% CRISIL A1+ICICI Bank 2,483.52 0.52% [ICRA]A1+

Motilal Oswal Securities 14,924.84 3.12% CRISIL A1+India Infoline Housing Finance 12,426.38 2.60% [ICRA]A1+Sharekhan Financial Services Pvt 9,988.71 2.09% [ICRA]A1+Infina Finance Pvt 9,988.71 2.09% CRISIL A1+Bajaj Finance 9,986.87 2.09% CRISIL A1+Edelweiss Commodities Services 9,956.61 2.08% CRISIL A1+Future Retail 9,953.28 2.08% CARE A1+Dewan Housing Finance Corporation 9,942.38 2.08% CRISIL A1+Arvind 9,929.37 2.08% CARE A1+Future Retail 9,928.86 2.08% CARE A1+Edelweiss Commodities Services 9,917.37 2.07% CRISIL A1+IL & FS 7,500.00 1.57% Fitch A1+IL & FS 7,483.32 1.57% Fitch A1+SREI Equipment Finance 7,455.81 1.56% [ICRA]A1+Shapoorji Pallonji and Company Pvt. 6,457.58 1.35% [ICRA]A1+JM Financial Products 4,994.36 1.04% [ICRA]A1+JM Financial Capital 4,994.36 1.04% [ICRA]A1+Aditya Birla Finance 4,991.97 1.04% [ICRA]A1+RSPL 4,987.78 1.04% CRISIL A1+Aadhar Housing Finance 4,985.40 1.04% CRISIL A1+STCI Finance 4,982.59 1.04% CRISIL A1+Dalmia Cements (Bharat) 4,977.51 1.04% [ICRA]A1+India Infoline Housing Finance 4,975.63 1.04% [ICRA]A1+JM Financial Capital 4,972.97 1.04% CRISIL A1+Welspun India 4,966.93 1.04% CARE A1+Motilal Oswal Financial Services 4,965.17 1.04% Fitch A1+Welspun India 4,963.18 1.04% CARE A+Welspun India 4,960.42 1.04% CARE A+KEC International 4,955.75 1.04% Fitch A1+Capital First 4,953.98 1.04% CARE A1+India Infoline Wealth Finance 4,950.97 1.04% [ICRA]A1+KEC International 4,949.21 1.04% Fitch A1+Future Retail 4,946.16 1.03% CARE A1+RSPL 4,926.31 1.03% CRISIL A1+Edelweiss Commodities Services 4,477.75 0.94% CRISIL A1+IL & FS Financial Services 3,990.91 0.83% CARE A1+IIFL Wealth Finance 2,976.73 0.62% [ICRA]A1+Aadhar Housing Finance 2,494.54 0.52% CRISIL A1+Bajaj Electricals 2,488.20 0.52% [ICRA]A1+Bajaj Electricals 2,487.74 0.52% [ICRA]A1+Bajaj Electricals 2,487.28 0.52% [ICRA]A1+Bajaj Electricals 2,486.83 0.52% [ICRA]A1+Aadhar Housing Finance 2,484.07 0.52% CRISIL A1+Motilal Oswal Securities 2,482.59 0.52% CRISIL A1+Jubilant Life Sciences 2,480.61 0.52% Fitch A1+Afcons Infrastructure 2,478.82 0.52% [ICRA]A1+Aadhar Housing Finance 2,477.53 0.52% CRISIL A1+IL & FS Financial Services 1,992.35 0.42% Fitch A1+

RBL Bank 15,000.00 3.14% Fixed Deposit

91 DAYS TBILL RED 23-11-2017 14,945.64 3.13% SOVEREIGN91 DAYS TREASURY BILL RED 07-12-2017 14,911.83 3.12% SOVEREIGN91 DAYS TBILL RED 21-12-2017 12,397.59 2.59% SOVEREIGN

Fixed Deposit

Treasury Bill

Cash EquivalentsCBLO 20,462.14 4.28%Reverse Repos 9,769.65 2.04%Net Current Assets 273.30 0.07%Total Net Assets as on 31-Oct-2017 4,78,026.24 100.00%

Issuer Market Value( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1679.3486

0.09 years

0.09 years6.58%

4,85,321.57

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment,

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile


Sovereign 8.84%


Fixed Deposit 3.14%







`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

28-Aug-17 4.34493 4.02550 1006.2660

25-Sep-17 3.51799 3.25935 1005.1211

28-Aug-17 4.42269 4.09754 1014.7551

25-Sep-17 3.58159 3.31828 1013.5905

25-Oct-17 3.83519 3.55323 1005.5602

25-Oct-17 3.90408 3.61706 1014.0370

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 0.15%

Direct Plan 0.09%

Excludes on Investment Management fees of 0.005% ofTotal NetAssets.

GST

33

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)


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.

34

FUND DETAILS

Date of AllotmentBenchmark

NAV (Growth)(as on 31 )Average Maturity ofPortfolioModified Durationof PortfolioYield To Maturity*

Fund Managers

SIPMinimum ApplicationAmountSub Options

Exit Load

per unit


.10.17

@

Asset Allocation







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


FUND PORTFOLIO

Money Market Instruments

Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

NABARD 2,453.23 4.14% CRISIL A1+

IDFC Bank 2,449.86 4.13% [ICRA]A1+

HDFC Bank 1,485.89 2.51% CARE A1+

JK Lakshmi Cement 4,974.61 8.40% CARE A1+

Edelweiss Commodities Services 4,960.06 8.37% CRISIL A1+

Afcons Infrastructure 2,477.02 4.18% [ICRA]A1+

JM Financial Capital 2,459.85 4.15% CRISIL A1+

Rural Electrification Corporation 4,018.42 6.78% CARE AAA

Dewan Housing Finance Corporation 3,561.19 6.01% CARE AAA

Power Finance Corporation 2,577.13 4.35% CRISIL AAA

Cholamandalam Investment & Fin Co 2,525.40 4.26% [ICRA]AA

Power Finance Corporation 2,521.15 4.26% CARE AAA

CLP Wind Farm India Pvt 2,519.58 4.25% Fitch AA

Aditya Birla Finance 2,509.22 4.24% [ICRA]AA+

Indiabulls Housing Finance 2,508.41 4.23% CARE AAA

NABARD 2,500.01 4.22% CRISIL AAA

Tata Capital Financial Services 2,009.52 3.39% CRISIL AA+


Shriram Transport Finance Company 1,505.49 2.54% CRISIL AA+

HDFC 1,002.86 1.69% CRISIL AAA

Cholamandalam Investment & Fin Co 1,002.70 1.69% [ICRA]AA

East North Interconnection Company 754.29 1.27% CRISIL AAA (SO)

JM Financial Products 2,646.35 4.47% CRISIL AA

Corporate/ PSU Debt

Cash Equivalents

CBLO 830.62 1.40%


Net Current Assets 1,064.95 1.81%


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

14.9137

0.87 years

0.77 years7.01%

59,366.52

Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)

Nil

`

`

`

Rating Profile






Dividend Declaration

Record Date / periodof dividend declared




`

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

28-Aug-17 0.04382 0.04059 10.1875

25-Sep-17 0.03136 0.02905 10.1702

28-Aug-17 0.05026 0.04656 10.3993

25-Sep-17 0.03627 0.03361 10.3799

25-Oct-17 0.04314 0.03997 10.3894

25-Oct-17 0.03745 0.03470 10.1786

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%


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

Market Instruments

HSBC Ultra Short Term Bond Fund (HUSBF)


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

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

35

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.10.17

@

Asset Allocation








FUND PORTFOLIO

Corporate/ PSU Debt


Power Finance Corporation 2,016.92 5.16% CARE AAA

Tata Sons 1,731.14 4.43% CRISIL AAA

Bajaj Finance 1,597.81 4.09% CRISIL AAA


National Highways Authority of India 1,504.64 3.85% CRISIL AAA

6.79% GOVT OF INDIA RED 15-05-2027 4,198.69 10.74% SOVEREIGN





8.53% BIHAR SDL RED 30-03-2022 2,093.63 5.35% SOVEREIGN

8.39% RAJASTHAN SPL SDL RED 15-03-2024 1,666.77 4.26% SOVEREIGN

7.55% MADHYA PRADESH SDL 11-10-2027 1,507.87 3.86% SOVEREIGN

7.51% KARNATAKA SDL 11-10-2027 1,272.86 3.25% SOVEREIGN


7.77% TAMIL NADU SDL RED 22-02-2027 968.89 2.48% SOVEREIGN



Cash Equivalents

CBLO 2,444.50 6.25%

Reverse Repos 1,167.12 2.98%



IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

22.8609

8.33 years

5.55 years

7.23%

38,942.11

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 67.84%





Dividend Declaration

Record Date / periodof dividend declared




`

HSBC Flexi Debt Fund - Regular Option - Monthly Dividend

HSBC Flexi Debt Fund - Institutional Option - Monthly Dividend

HSBC Flexi Debt Fund - Monthly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Quarterly Dividend

HSBC Flexi Debt Fund - Institutional Option - Quarterly Dividend

HSBC Flexi Debt Fund - Quarterly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Half Yearly Dividend

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

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

26-Apr-13 0.05836 0.04973 10.4949

31-May-13 0.11214 0.10740 10.6718

28-Jun-13 0.03263 0.03125 10.4175

25-Nov-16 0.32168 0.29803 11.0304

27-Jun-17 0.01324 0.01227 10.6036

25-Jun-15 0.18057 0.16729 11.8869

28-Sep-15 0.18057 0.16729 11.9644

27-Mar-17 0.18057 0.16729 11.8718

27-Jun-17 0.14445 0.13383 11.9288

27-Mar-17 0.18057 0.16729 12.3364

27-Jun-17 0.18057 0.16729 12.4254

15-Mar-13 0.35236 0.30201 11.6629

26-Sep-16 0.36113 0.33458 12.5188

27-Mar-17 0.36113 0.33458 12.2875

25-Sep-17 0.36113 0.33458 12.1555

26-Sep-16 0.36113 0.33458 11.9179

27-Mar-17 0.36113 0.33458 11.7165

25-Jul-17 0.04532 0.04199 10.6481

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

26-Oct-15 0.11441 0.10600 10.8719

25-Mar-15 0.18147 0.16829 12.2052

25-Sep-17 0.36113 0.33458 11.6099

25-Sep-17 0.18057 0.16729 11.7832

25-Sep-17 0.18057 0.16729 12.2547

14-Sep-12 0.35236 0.30201 11.4315



Regular 1.60%Direct Plan 0.85%

Excludes on Investment Management fees of 0.14% of TotalNetAssets.

GST


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


36

HSBC Monthly Income Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

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

Sanjay Shah (from 09 January 2009)

Sanjay Shah (from 09 January 2009) & Kapil Punjabi (from 23 December 2016)

Kapil Punjabi (from 14 March 2014)

Kapil Punjabi (from 18 October 2014)

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 18 years of experience in research and fund management


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

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

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 11 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.

�

�

�

�

�

Funds Managed by Sanjay Shah (for Debt portion) (Total Schemes Managed 10)Aditya Khemani (for Equity portion) (Total Schemes Managed 2)Funds Managed by

HSBC Monthly Income Plan Date of Inception : 24 Feb 04


HSBC Monthly Income Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)

Crisil 1 Year T-Bill Index (Standard Benchmark)


10,000, if invested in HMIP, 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


`

`

`

`

7.55% 8.43% 10.09% 9.62%

9.07% 9.68% 9.93% 8.16%

5.91% 7.30% 7.23% 5.98%

5.12% 9.43% 7.89% 5.68%

10,755 12,749 16,175 35,182

10,907 13,195 16,057 29,290

10,591 12,354 14,176 22,140

10,512 13,103 14,619 21,313

` ` ` `

` ` ` `

` ` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on 31 October 2017. Returns above 1 year are CompoundedAnnualized.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 been rounded off and hence there may be minor differences between point-to-pointreturns vis-a-vis returns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other thanDirect plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`

Fund Manager Wise Comparative Performance of Debt Schemes

37


Funds Managed by - Sanjay Shah (Total Schemes Managed 10)

Funds Managed by - Sanjay Shah (Total Schemes Managed 10)

The said Fund is managed by Effective (14 August 2009)Sanjay Shah

The said Fund is managed by Effective (09 January 2009)Sanjay Shah


The said Fund is managed by Effective (24 February 2009)Aditya Khemani


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


HSBC Income Fund - Investment Plan - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

3.66% 7.56% 7.50% 7.12%

7.18% 9.92% 9.25% 6.90%

5.12% 9.43% 7.89% 6.19%

10,366 12,442 14,354 27,869

10,718 13,281 15,562 27,026

10,512 13,103 14,619 24,489

` ` ` `

` ` ` `

` ` ` `


HSBC Flexi Debt Fund Date of Inception: 05 Oct 07


HSBC Flexi Debt Fund - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

4.64% 8.03% 8.08% 8.56%

7.18% 9.92% 9.25% 8.00%

5.12% 9.43% 7.89% 7.05%

10,464 12,609 14,747 22,882

10,718 13,281 15,562 21,734

10,512 13,103 14,619 19,877

` ` ` `

` ` ` `

` ` ` `



Fund Manager Wise Comparative Performance of Debt Schemes

38


Funds Managed by Sanjay Shah (Total Schemes Managed 10)

Funds Managed by Kapil Punjabi (Total Schemes Managed 3)

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


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

6.62% 7.87% 8.06% 7.14%

7.29% 8.68% 8.87% 7.19%

5.91% 7.30% 7.23% 5.93%

10,662 12,552 14,733 27,964

10,729 12,836 15,292 28,144

10,591 12,354 14,176 23,584

` ` ` `

` ` ` `

` ` ` `


@ 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 nocontinuous NAV history available for the surviving Plan prior to 19 May 2011, returns since the said date have been considered for calculating performance. The inception date ofHSBC Cash Fund however is 4 December 2002.

The returns for the respective periods are provided as on 2017. Returns above 1 year are Compounded Annualized. Standard benchmark is prescribed by SEBI and isused 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. Different plans shall have a different expense structure. Theperformance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

31 October`

* 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 plan structure.Since there was nocontinuous NAV history available for the surviving Plan prior to 1 October 2012, returns since the said date have been considered for calculating performance. The inception date ofHSBC Ultra Short Term Bond Fund however is 17 October 2006.

HSBC Cash Fund@ Date of Inception: 04 Dec 02

Scheme Name & Benchmarks 1 Year 3 Years 5 Years SinceInception

HSBC Cash Fund - Growth

Crisil Liquid Fund Index (SchemeBenchmark)

Crisil 91 Day T-Bill Index (StandardBenchmark)

`

`

`

10,000, if invested in HCF, would havebecome

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

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

HSBC Ultra Short Term Bond Fund$ Date of Inception :17 Oct 06


HSBC Ultra Short Term Bond Fund - Growth



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



`

`

`

6.73% 7.61% 8.18%

6.77% 7.68% 8.23%

5.91% 7.30% 7.22%

10,673 12,462 14,917

10,677 12,486 14,952

10,591 12,354 14,256

` ` `

` ` `

` ` `


Last 7 Daysas on 31Oct 2017



6.34% 6.35% 6.37% 6.70% 7.63% 8.25% 8.36%

6.06% 6.22% 6.30% 6.71% 7.57% 8.17% 8.23%

6.02% 6.00% 6.01% 6.31% 7.25% 7.81% 7.85%

10,012 10,026 10,052 10,670 12,468 14,863 16,797

10,012 10,026 10,052 10,671 12,447 14,807 16,672

10,012 10,025 10,049 10,631 12,338 14,562 16,293

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


Funds Managed by - Kapil Punjabi (Total Schemes Managed 3)

Funds Managed by - Kapil Punjabi (Total Schemes Managed 3)

1 Year 3 Years


The said Fund is managed by Effective (23 December 2016)Kapil Punjabi

The said Fund is managed by Effective (18 October 2014)Kapil Punjabi

The said Fund has been in existence for more than 1 year but less than 5 years

The said Fund is managed by Effective (14 March 2014)Kapil Punjabi

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

39

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

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

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

invested).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

022-49146254

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

HSBCAsset Management (India) Private Limited,

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

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

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

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

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

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

31 BBD Bagh, Dalhousie Square, Kolkata - 700001.

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

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

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

Chandigarh: SCO 1, Sector 9 D, Chandigarh-160017.

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

Statutory Details & Disclaimers

the asset - hsbc€¦ · the market indices cnx nifty and bse sensex were up 5.6% & 6.2% ......

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