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The Asset

Factsheet June 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 Dividend Yield Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

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

19

21

26

31

32

33

34

35

36

37

38

40

18

-

Equity markets in a consolidation phase

Equity markets appeared in a consolidation mode during June as mix of factors such as market valuations, expectation of a weak 1QFY18

owing to the GST (Goods and Services Tax) implementation kept the upward trajectory under check. The broader market indices

outperformed the market indices. The S&P CNX Nifty and BSE Sensex were down 1% & 0.7% respectively while BSE Midcap and BSE

Smallcap indices were in the green during the month with gains of 0.1% & 2.2% respectively.

Country entered a new tax era after the implementation of the landmark indirect tax reform viz. the GST from 01 July 2017. It was indeed a

race against time for this key tax reform that had seen several deliberations since it was initially envisaged way back in the year 2000.

Fundamentally, GST will help achieve things which will go a long way towards structurally altering the Indian economy. It will expedite the

formalisation of the unorganised economy and bring more businesses under formal tax net, thus improving India's low tax-to-GDP ratio (GDP

– Gross Domestic Product) in the medium term. It will also enable the creation of 'one nation-one market', which will contribute to improving

the ease of doing business in the country.As GST is designed to be revenue neutral, in the short run fiscal benefits may be less visible, though

with better compliance and over a longer period of time, gains could be meaningful.

The monsoon rainfall has progressed well and covered most parts of the country.Amonth into the monsoon season, the cumulative rainfall is

currently at a 4% surplus (IMD data 1st to 30th June). The spatial distribution has been good so far with cumulative rainfall in three out of four

regions to be either normal or in excess. The India Meteorological Department or IMD maintained its overall monsoon estimate at 98% of

Long PeriodAverage (LPA) with July &August 2017 monthly rainfall estimated at 96% & 99% of LPArespectively.

The trend of farm loan waiver caught on with state governments in Maharashtra, Punjab and Karnataka announcing loan waivers during the

month. This trend follows the recent waiver announcement by the newly elected UP government and put together these waivers aggregated

to around USD 15 bn (or about Rs. 1 tn). There are growing demands for farm loan waivers in other states too and this may give rise of the risk

of imbalances in state finances.

The RBI identified 12 accounts totaling to about Rs. 2.5 tn of bank advances, where banking system exposure exceeds Rs 50 bn and where

60% has been classified as Non-Performing Loan (NPL) which will be resolved under the Insolvency and Bankruptcy Code (IBC). These

accounts are about 25% of the total system NPLs. Further, the RBI has issued stringent provisioning rules for cases referred under the IBC.

While the loss-given-default could be higher under IBC, resolutions might be faster as it is a time-bound mechanism.At the same time, once a

few cases are “settled/liquidated” using the IBC process other stressed accounts could be willing to work with banks to arrive at a resolution to

avoid liquidation.

The net buying pattern from FIIs (Foreign Institutional Investors) moderated a bit during June 2017 as their tally came in at about USD 610 mn

of net inflows as against about USD 1.54 bn in the previous month. The CYTD net inflows tally from the FIIs (Foreign Institutional Investors)

stood at an impressive figure of about USD 8.44 bn. On the other hand, the Domestic Institutional Investors (DIIs) had another strong month

of net inflows on an overall basis and again entirely driven by the flows seen from the MF segment. The DIIs net bought equities worth about

USD 1.01 bn during June and within DIIs, the Insurers continued to remain net sellers (net outflows of about USD 400 mn) while the MFs saw

net inflows to the tune of USD 1.41 bn. On a CYTD basis, the DII segment has net bought equities worth about USD 3.29 bn and the MF tally

stood at an impressive about USD 6.33 bn of net inflows.

During its June meeting, the US Federal Reserve (Fed) raised the target range for the federal funds rate by 25 basis points to 1 to 1.25%. This

move was on expected lines and the Fed's forecast indicates an additional rate hike in 2017 and another three hikes in 2018. The US Federal

Reserve has also signaled that it will begin the process of shrinking its balance sheet later this year. This will be done in a cautious manner,

mirroring its “uber-gradual” approach to raising short-term rates. The case for normalization of the Fed policy has been supported by broadly

robust US economic activity. Importantly, employment growth remains strong, with the unemployment rate falling to a 16-year low of 4.3% in

May. Fed believes this should eventually translate into rising inflationary pressures as wage growth moves higher.

External

Global Economic Scenario

Institutional Fund Flows


01

Source: Bloomberg; Bombay Stock Exchange (BSE)

Sensex Nifty BSE200 BSE500 BSE MidCap BSE SmallCap

Retu

rns %

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%Indices Performance - June 2017

Equity Market Outlook

Markets went into a consolidation mode during June on the back of high valuations and uncertainty related to the transitory impact of the GST

roll-out from 1st July. The GST will lead to faster formalization of the economy, broaden the tax base, improving the fiscal situation and

improve the ease of doing business. However, its roll-out is likely to bring some challenges. 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 normalize over the next two to three quarters.

On a calendar year till date basis, the equity market has churned out impressive gains till we saw a pause for consolidation during the month.

This performance through this calendar year was backed by strong liquidity driven by both FIIs & domestic MFs, positive global cues and

expectation of the continuation of favorable policy environment domestically especially after the state electoral wins for the ruling party at the

centre. However, after this strong performance, the equity markets are currently trading above their historical averages.

We believe that the government's resolve and commitment to bring in more reforms, revival in corporate earnings, traction in NPA resolution

(Non Performing Assets) and likelihood of a normal Monsoon makes us positive on equity markets from a medium to long term perspective.

We, in our investment process remain constructive on the India growth story and urge investors to stay invested in equities and look at this

asset class as an avenue for long term wealth creation.

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 weaker than expected delivery in corporate earnings going forward. External news flows related to

geopolitical tensions and other eco-political events would also influence market performance going forward, as the recent rally in the markets

was supported by strong flows.

Consumer Price Index (CPI) - Inflation fell to 2.18% as compared to 3% in the previous month. The sharp fall was driven by lower food

prices and pulses. The buildup in pulses and vegetables stock continued to keep prices depressed. Core inflation eased to 4.2% from 4.4%

aided by the lower global oil prices. Food inflation is likely to continue to trend lower due to supply measures by the government of India and

lower prices at the global level.

Wholesale Price Index (WPI) - WPI followed the same trend and sharply moderated to 2.2% due to lower prices of primary articles and

lower input prices. Implementation of GST on 1 July is witnessing goods being sold at massive discounts across the nation to clear inventory

ahead of GST. Inflation expectations will likely remain subdued amongst stable to lower global prices.

CPI -

WPI –

Economic Events and Data

Inflation

IIP - Index of Industrial Production (IIP) – IIP growth moderated to 3.1%. Also the previous reading has been revised upwards to 3.8%. There

is moderation in activity with infrastructure and consumer non-durable growth being a brighter spot.


02

Source: Bloomberg; Central Statistical Organization (CSO) India

Source: Bloomberg

Consumer Price Index (CPI)

Infl

ati

on

Gro

wth

%

0

5%

10%

Feb

-14

May-1

4

Aug

-14

No

v-1

4

Feb

-15

May-1

5

Aug

-15

No

v-1

5

Feb

-16

May-1

6

Aug

-16

No

v-1

6

Feb

-17

May-1

7

CPI Inflation (%)

Gro

wth

%

-6.0%

-1.0%

4.0%

9.0%

14.0%

Jan

/13

Apr/

13

Jul/13

Oct/13

Jan

/14

Apr/

14

Jul/14

Oct/14

Jan

/15

Apr/

15

Jul/15

Oct/15

Jan

/16

Apr/

16

Jul/16

Oct/16

Jan

/17

Apr/

17

Index of Industrial Production (IIP)* new series data

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

Trade deficit

RBI Policy and MPC (Monetary Policy Committee) Minutes

Markets

Trade deficit continues to widen to USD 13.8 bn as compared to USD 13.2 bn. Exports moderated by USD 0.63 bn, while maintaining imports

of gold, oil and non-oil items. Exports have slowed down from the peak of the previous months.

CurrentAccount Deficit (CAD) – Q1 deficit narrowed to 0.6% of Gross Domestic Product (GDP) from 1.4% in Q4, led by both narrower current

account and higher Foreign Portfolio Investment (FPI) flows. Foreign Direct Investment (FDI) flows were lower in Q1. CAD is likely to widen

on the back of attractively priced imports as INR is stronger and favours the cost of imports.

RBI continued to maintain policy rates, lowering Statutory Liquidity Ratio (SLR) by 50bps (basis points) to 20%. This was the broader pathto be followed as banks need to comply with higher Liquidity Coverage Ratio (LCR) requirements.

RBI largely acknowledged that the inflation forecasts were behind the curve as they lowered their inflation forecast to 2% to 3.5% infirst half as against 4 to 4.5% in the previous policy. Second half inflation was also lowered from 4.5 to 5% to a range to 3.5% to 4.5%. Theforecast is significantly lower and RBI believes the same has been led by supply overhang and transitory factors.

While, the bar for RBI to cut rates is reasonably high they also explicitly highlight that hasty rate cuts can also lead to hasty rate hikes in thefuture, which will result in loss of credibility for the apex bank. Also, RBI highlighted that the bank's sole focus will continue to targetinflation and higher real rates can be an outcome for the same.

RBI continues to work on assessment of liquidity and will ascertain the requirement of tackling liquidity in due course.

MPC minutes were released and members have voted as 5-1 to stay pat on rates. However, all members have acknowledged the lowerinflation which has been driven by lower food prices, supply overhang of pulses and lower oil prices.

Medium term risks in terms of higher Minimum Support Price (MSPs), farm loan waivers, and sustainability of lower food prices continueto be highlighted by the MPC members.

Only one member from the entire MPC suggested a 50 bps rate cut.

The current benign inflation trajectory both globally as well as domestically does create room for at least a single 25bps rate cut. Timingwill be largely dependent on MPC's comfort on lower inflation for a longer period of time and the pace of narrowing of negative output gap.

�

�

�

�

�

�

�

�

Money market flush with liquidity

Liquidity continued to remain positive through the month. Short term yields have remained steady.

RBI continues to issue Cash Management Bills (CMB) to drain excess liquidity. In addition to this, RBI announced an Open Market

Operations (OMO) for Rs. 100 bn on last day of the month post market hours. This is assumed to be in line with the framework to manage

excess liquidity.

MarketActivity

Markets have performed well for the month of June as yields are lower by 10bps on the 10 year benchmark. RBI conducted a switch of

securities thereby impacting the liquid 12 year security, which has underperformed and closed flat for the month. Inflation expectations are

moderate (7th Central Pay Commission (CPC) HRA will likely impact headline CPI by 50 to 60bps and RBI is expected to assess second

round impact of HRA). However, PSU banks were seen booking profits ahead of the quarter end and heavy trader positioning has kept

markets range bound resulting retracement from the highs of 6.42% on the 10 year.

RBIs announcement of OMO (largely to drain excessive durable liquidity) has seen an uptick in yields by 10 bps on the apprehension of

increased supply. However, with the expectation that inflation trajectory is likely to undershoot the MPC band of +/-4% on the downside, we

believe that RBI is likely to cut rates by 25bps in the policy due on 2August 17. The trading range has although shifted higher to 6.50%-6.65%

given the OMO sales and global dynamics of FED and Euro.

The portfolio funds would maintain marginally overweight position on duration as we expect yields to remain range bound with a bias towards

spread compression and therefore will look for opportunistic investments.

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%

Jul/07

Feb/0

8

Sep/0

8

Apr/

09

Nov/0

9

Ju

n/1

0

Ja

n/1

1

Aug/1

1

Mar/

12

Oct/

12

May/1

3

Dec/1

3

Jul/14

Feb/1

5

Sep/1

5

Apr/

16

Nov/1

6

Ju

n/1

7

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 ContributorsInformation Technology, Utilities & Energy – being underweight certain stock (s) selection helped performanceHealthcare, Consumer Discretionary, Materials & Telecom - certain stock (s) selection helped performanceFinancials – being overweight helped performance

Negative ContributorsConsumer Staples - being underweight hurt performanceIndustrials – certain stock (s) selection hurt performance

Review: HSBC India Opportunities Fund

Positive Contributors

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

Healthcare & Telecom - certain stock (s) selection helped performance

Energy & Information Technology – being underweight & certain stock (s) selection helped performance

Utilities - being underweight helped performance

Negative Contributors

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

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

Consumer Staples – being underweight hurt portfolio

Review: HSBC Midcap Equity Fund

Positive ContributorsInformation Technology, Healthcare & Financials - certain stock (s) selection helped performanceEnergy - being underweight certain stock (s) selection helped performanceMaterials & Industrials - being overweight certain stock (s) selection helped performance

Negative ContributorsConsumer Discretionary – being underweight & certain stock (s) selection hurt performanceConsumer Staples, Utilities & Telecom - 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 22.85% 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 2.40%Direct Plan 1.70%Excludes service tax on Investment Management fees of 0.23%of Total NetAssets.

0.86

Asset Allocation

Auto 9.54%

AutoAncillaries 1.89%

Banks 30.34%

Cement 3.68%

Construction Project 5.51%

Consumer Non Durables 6.61%

Finance 10.93%

Media & Entertainment 1.33%

Non - Ferrous Metals 3.46%

Oil 1.28%

Pesticides 1.37%

Petroleum Products 6.89%

Pharmaceuticals 3.83%

Power 2.55%

Software 8.13%

Telecom - Services 1.39%

Reverse Repos/CBLOs 0.66%

Net CurrentAssets 0.61%

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: 6.25% (FIMMDA-NSE Mibor) as on June 30,2017)

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

Maruti Suzuki India 3,247.92 5.30%

Tata Motors 2,595.30 4.24%

Motherson Sumi Systems 1,155.00 1.89%

HDFC Bank 5,947.38 9.71%

ICICI Bank 4,642.40 7.58%

IndusInd Bank 2,588.16 4.23%

Yes Bank 2,122.08 3.47%

Kotak Mahindra Bank 1,911.50 3.12%

State Bank of India 1,368.25 2.23%

Dalmia Bharat 1,234.85 2.02%

Shree Cement 1,017.20 1.66%

Larsen & Toubro 3,375.20 5.51%

ITC 4,045.63 6.61%

HDFC 3,229.90 5.27%

LIC Housing Finance 1,484.40 2.42%

Bajaj Finance 1,373.10 2.24%

Power Finance Corporation 613.50 1.00%

Sun TV Network 816.40 1.33%

Vedanta 2,116.93 3.46%

Oil & Natural Gas Corporation 786.50 1.28%

UPL 840.40 1.37%

Reliance Industries 3,450.00 5.63%

Indian Oil Corporation 770.40 1.26%

Aurobindo Pharma 1,711.50 2.80%

Glenmark Pharmaceuticals 632.80 1.03%

2.55%

Power Grid Corporation Of India 842.20 1.38%

NTPC 715.28 1.17%

HCL Technologies 2,339.98 3.82%

Infosys 1,871.10 3.06%

Tech Mahindra 764.00 1.25%

Idea Cellular 852.50 1.39%

Auto Ancillaries

Banks

Cement

Construction Project

Consumer Non Durables

Finance

Media & Entertainment

Non - Ferrous Metals

Oil

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Cash Equivalents

CBLO 401.40 0.66%

Net Current Assets 368.61 0.61%

Total Net Assets as on 30-Jun-2017 61,231.74 100.00%

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 31.206510-Nov-15 3.70000 3.70000 29.4046

27-Jun-14 2.50000 2.50000 31.584510-Nov-15 3.70000 3.70000 30.0806

02-Nov-16 3.00000 3.00000 30.0022HSBC Equity Fund - Dividend - Direct Plan

02-Nov-16 3.00000 3.00000 31.0071

Date of Allotment

BenchmarkNAV (Growth)(as on 30.06.17)Monthly Average AUM(In Lakhs)Fund ManagerSIPMinimumApplication Amount

Exit Load

Standard DeviationBeta (Slope)Sharpe Ratio**

$

@

per unit

Statistical Ratios

10-Dec-02Nifty 50

183.9675

Neelotpal SahaiAvailable

10,000

1,000 p.m.(SIP)

Nil4.38%

`

`

`

1.02490.0983

61,682.41

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 2.46%

Direct Plan 1.76%

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

0.35

Asset Allocation

Auto 7.93%AutoAncillaries 3.13%Banks 26.62%Cement 4.04%Chemicals 1.93%Construction 2.97%Consumer Durables 1.26%Consumer Non Durables 4.74%Ferrous Metals 2.46%Finance 10.37%Industrial Products 4.37%Media & Entertainment 1.17%Non - Ferrous Metals 3.39%Pesticides 1.76%Petroleum Products 3.61%Pharmaceuticals 4.53%Software 6.06%Telecom - Services 1.34%Textile Products 3.05%Other Equity Investments 3.41%Reverse Repos/CBLOs 1.66%Net CurrentAssets 0.20%Total NetAssets 100.00%

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


(absolute)

**Risk free rate: 6.25% (FIMMDA-NSE Mibor) as on

@Effective from March 1, 2013 for prospective investments.

June 30,2017)


FUND PORTFOLIO

Auto

Tata Motors 2,162.75 4.53%

Eicher Motors 1,622.36 3.40%

Balkrishna Industries 831.55 1.74%

Exide Industries 661.50 1.39%

HDFC Bank 4,625.74 9.69%

ICICI Bank 3,191.65 6.68%

IndusInd Bank 2,218.43 4.65%

Yes Bank 2,195.25 4.60%

Kotak Mahindra Bank 477.88 1.00%

Dalmia Bharat 987.88 2.07%

JK Cement 938.90 1.97%

Vinati Organics 920.55 1.93%

Somany Ceramics 774.90 1.62%

Ahluwalia Contracts (India) 644.10 1.35%

Blue Star 599.50 1.26%

ITC 2,265.55 4.74%

Srikalahasthi Pipes 682.10 1.43%

Jindal Steel & Power 492.80 1.03%

Bajaj Finance 2,059.65

JM Financial 1,175.00 2.46%

Manappuram Finance 979.50 2.05%

LIC Housing Finance 742.20 1.55%

Supreme Industries 1,227.80 2.57%

Astral Poly Technik 858.69 1.80%

Dish TV India 560.70 1.17%

Vedanta 1,618.83 3.39%

UPL 840.40 1.76%

Reliance Industries 1,725.00 3.61%


Glenmark Pharmaceuticals 791.00 1.66%

HCL Technologies 1,489.08 3.12%

Infosys 1,403.33 2.94%


Welspun India 827.00 1.73%

Arvind 629.74 1.32%

Auto Ancillaries

Banks

Cement

Chemicals

Construction

Consumer Durables


Ferrous Metals

Finance

Industrial Products



Pesticides

Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products

Other Equity Investments 1,625.20 3.41%

Cash Equivalents

CBLO 790.80 1.66%

Net Current Assets 105.38 0.20%


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 27.082010-Nov-15 1.50000 1.50000 21.8624

17-Mar-15 1.50000 1.50000 27.557510-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 30 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

$

@

per unit

Monthly Average AUM(In Lakhs)

.06.17

Statistical Ratios

24-Feb-04

S&P BSE 200

79.7914

47,848.82

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.82%

1.1046

0.1497

`

`

`


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 2.47%

Direct Plan 1.77%


0.34

Asset Allocation


(absolute)

**Risk free rate: 6.25% (FIMMDA-NSE Mibor) as on)


June 30,2017


FUND PORTFOLIO

Auto

VST Tillers Tractors 1,914.44 4.11%

Apollo Tyres 914.66 1.96%

Federal Bank 925.37 1.98%

Deccan Cements 1,642.14 3.52%

Vinati Organics 2,542.31 5.45%

Balaji Amines 1,159.16 2.49%

Navin Fluorine International 963.48 2.07%


IRB Infrastructure Developers 752.76 1.61%

Power Mech Projects 1,032.98 2.22%

CCL Products (India) 1,943.35 4.17%

Kaveri Seed Company 1,267.50 2.72%

Srikalahasthi Pipes 1,120.08 2.40%

Motilal Oswal Financial Services 2,794.51 5.99%

Manappuram Finance 2,361.57 5.06%

Indiabulls Housing Finance 2,093.11 4.49%

Bharat Financial Inclusion 1,844.86 3.96%

Muthoot Finance 1,788.74 3.84%

Cholamandalam Investment & Fin Co. 1,190.30 2.55%

JM Financial 987.00 2.12%

Dewan Housing Finance Corporation 948.72 2.03%

Sanghvi Movers 1,284.13 2.75%

Inox Wind 560.47 1.20%

Ramkrishna Forgings 1,018.86 2.18%

Jain Irrigation Systems 667.88 1.43%

Jagran Prakashan 1,552.01 3.33%

Hindustan Media Ventures 628.81 1.35%

Gujarat Mineral Development Corporation 1,352.74 2.90%

UPL 1,226.98 2.63%

PI Industries 651.37 1.40%

GOCL Corporation 738.38 1.58%


Kalpataru Power Transmission 607.58 1.30%

Sonata Software 926.81 1.99%

Sarla Performance Fibers 743.66 1.59%

Auto Ancillaries

Banks

Cement

Chemicals

Construction



Ferrous Metals

Finance

Industrial Capital Goods

Industrial Products


Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textiles - Synthetic

Other Equity Investments 1,862.29 3.99%

Cash Equivalents

CBLO 810.92 1.74%

Net Current Assets -534.92 -1.13%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend19-Nov-10 2.00 2.00 15.486410-Nov-15 2.50 2.50 20.1838

02-Nov-16 1.75 1.75 25.3345

02-Nov-16 1.75 1.75 21.5706HSBC 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


@

.06.17

Statistical Ratios

19-May-05

S&P BSE Midcap

52.2667

46,475.27

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.85%

1.1255

0.2162

`

`

`


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 4.11%

AutoAncillaries 1.96%

Banks 1.98%

Cement 3.52%

Chemicals 10.01%

Construction 3.59%



Ferrous Metals 2.40%

Finance 30.04%

Industrial Capital Goods 3.95%

Industrial Products 3.61%

Media & Entertainment 4.68%

Minerals/Mining 2.90%

Pesticides 4.03%


Pharmaceuticals 3.05%

Power 1.30%

Software 1.99%

Textiles - Synthetic 1.59%

Other Equity Investments 3.99%


Net CurrentAssets -1.13%


HSBC Infrastructure Equity Fund (HIEF)


�

�

�



Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta

Sharpe Ratio**

$

@

per unit


(Slope)

.06.17

Statistical Ratios

23-Feb-06

S&P BSE IndiaInfrastructure Index

22.1680

13,808.85

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.64%

1.0743

0.1366

`

`

`


Portfolio Turnover

Regular 2.62%

Direct Plan 1.92%


0.24

Asset Allocation

Banks 2.94%

Cement 9.34%

Construction 12.74%


Ferrous Metals 8.29%

Finance 3.68%

Gas 3.34%

Industrial Capital Goods 5.33%

Industrial Products 8.36%

Minerals/Mining 7.71%


Power 16.01%

Transportation 9.09%

Other Equity Investments 3.23%






(absolute)



June 30,2017


FUND PORTFOLIO

Banks

Karnataka Bank 403.43 2.94%

Deccan Cements 910.66 6.63%

Grasim Industries 372.63 2.71%

IRB Infrastructure Developers 474.66 3.46%


NBCC India 414.53 3.02%

KNR Constructions 412.24 3.00%

Power Mech Projects 175.59 1.28%

Larsen & Toubro 168.76 1.23%

Srikalahasthi Pipes 673.04 4.90%

Jindal Saw 466.20 3.39%

Rural Electrification Corporation 505.53 3.68%

Gujarat State Petronet 459.03 3.34%

Sanghvi Movers 526.49 3.83%

Inox Wind 206.26 1.50%

KEI Industries 820.22 5.97%

FAG Bearings India 327.87 2.39%

Gujarat Mineral Development Corporation 1,059.30 7.71%


Hindustan Petroleum Corporation 385.31 2.80%

Adani Transmission 992.40 7.22%

Power Grid Corporation of India 551.64 4.02%

PTC India 338.78 2.47%

Reliance Infrastructure 315.88 2.30%

Adani Ports & Special Economic Zone 787.82 5.73%

Gateway Distriparks 313.86 2.28%

Gujarat Pipavav Port 148.59 1.08%

Cement

Construction


Ferrous Metals

Finance

Gas

Industrial Capital Goods

Industrial Products

Minerals/Mining

Petroleum Products

Power

Transportation

Other Equity Investments 442.41 3.23%

Cash Equivalents

CBLO 177.01 1.29%



IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend11-May-07 1.00 1.00 12.239026-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


@

.06.17

Statistical Ratios

05-Jan-07

S&P BSE 200

35.1093

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.57%

1.0100

0.1805

`

`

18,621.09


Portfolio Turnover

Regular 2.58%

Direct Plan 1.88%


0.62

Asset Allocation

Auto 5.19%AutoAncillaries 5.34%Banks 27.76%Cement 6.13%Construction 3.25%Construction Project 1.93%Consumer Durables 2.87%Consumer Non Durables 7.02%Finance 6.92%Industrial Products 8.01%Media & Entertainment 1.49%Non - Ferrous Metals 2.17%Petroleum Products 3.34%Pharmaceuticals 5.15%Software 2.99%Textile Products 1.55%Textiles - Cotton 1.92%Transportation 1.27%Other Equity Investments 0.85%Reverse Repos/CBLOs 4.86%Net CurrentAssets -0.01%Total NetAssets 100.00%


(absolute)



June 30,2017


FUND PORTFOLIO

Auto

Maruti Suzuki India 955.11 5.19%

MRF 375.79 2.04%

Amara Raja Batteries 352.63 1.92%

Exide Industries 253.58 1.38%

HDFC Bank 1,671.87 9.08%

ICICI Bank 1,243.15 6.75%

IndusInd Bank 976.11 5.30%

Federal Bank 549.71 2.99%

DCB Bank 367.41 2.00%

Axis Bank 302.65 1.64%

NCL Industries 677.20 3.68%

OCL India 450.76 2.45%

Somany Ceramics 597.58 3.25%


Crompton Greaves Consumer Electrical 271.74 1.48%

Blue Star 255.20 1.39%

United Spirits 364.55 1.98%

Heritage Foods 358.95 1.95%

ITC 287.72 1.56%

Glaxosmithkline Consumer Healthcare 281.06 1.53%

HDFC 503.86 2.74%

JM Financial 440.63 2.39%

LIC Housing Finance 329.74 1.79%

Nilkamal 352.76 1.92%

Finolex Cables 323.97 1.76%

Astral Poly Technik 305.95 1.66%

Huhtamaki PPL 295.72 1.61%

Kirloskar Brothers 194.38 1.06%

Sun TV Network 273.49 1.49%

Vedanta 398.48 2.17%

Reliance Industries 351.90 1.91%

Castrol (India) 263.06 1.43%

Torrent Pharmaceuticals 439.40 2.39%

Aurobindo Pharma 314.92 1.71%

Sun Pharmaceutical Industries 192.83 1.05%

Infosys 550.10 2.99%

Indian Terrain Fashions 285.50 1.55%

Indo Count Industries 352.77 1.92%

Gateway Distriparks 234.27 1.27%

Auto Ancillaries

Banks

Cement

Construction


Consumer Durables


Finance

Industrial Products



Petroleum Products

Pharmaceuticals

Software

Textile Products

Textiles - Cotton

Transportation

Other Equity Investments 155.09 0.85%

Cash Equivalents

CBLO 894.02 4.86%

Net Current Assets 5.28 -0.01%


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 23.902923-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 24.325623-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


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


@

.06.17

Statistical Ratios

24-Sep-07

S&P BSE 200

16.2721

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.46%

0.8127

0.0886

4,604.14


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%Excludes service tax on Investment Management fees of 0.25%of Total NetAssets.

0.81

Asset Allocation

Auto 10.87%Banks 26.02%Construction Project 4.79%Consumer Non Durables 7.77%Ferrous Metals 2.98%Finance 7.41%Gas 2.29%Non - Ferrous Metals 3.26%Petroleum Products 9.24%Pharmaceuticals 2.69%Power 5.89%Software 3.07%Telecom - Services 2.38%Reverse Repos/CBLOs 11.78%Net CurrentAssets -0.44%Total NetAssets 100.00%


(absolute)



June 30,2017

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


Tata Motors 173.02 3.78%

Hero Motocorp 136.95 2.99%

HDFC Bank 413.01 9.02%

ICICI Bank 278.54 6.08%

Kotak Mahindra Bank 191.15 4.17%

IndusInd Bank 162.68 3.55%

Yes Bank 146.35 3.20%


ITC 356.02 7.77%

Tata Steel 136.44 2.98%

HDFC 339.14 7.41%

Gail (India) 104.82 2.29%

Vedanta 149.43 3.26%



Aurobindo Pharma 123.23 2.69%

Power Grid Corporation of India 141.07 3.08%

NTPC 128.75 2.81%

HCL Technologies 140.40 3.07%


Banks



Ferrous Metals

Finance

Gas


Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Cash Equivalents

CBLO 539.26 11.78%




Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Dynamic Fund (HDF)


HSBC Dividend Yield Equity Fund (HDYEF)


�

�

�



Low riskLOW RISK

(BLUE)



11

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.06.17

Statistical Ratios

21-Mar-07

S&P BSE 200

20.3103

4,325.54

Gautam Bhupal &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

3.86%

0.8952

0.1372

`

`

`


Portfolio Turnover

Regular 2.33%


0.00

Asset Allocation

Auto 5.09%

Banks 14.94%



Finance 7.77%

Oil 2.58%


Software 9.59%

Textile Products 1.46%





(absolute)



June 30,2017

FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

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

equities and equity related securities of domestic Indian companies.

Auto


ICICI Bank 404.06 9.50%

HDFC Bank 231.29 5.44%


ITC 374.36 8.80%

HDFC 177.64 4.18%

Manappuram Finance 152.80 3.59%

Oil & Natural Gas Corporation 109.72 2.58%


Infosys 256.43 6.03%

HCL Technologies 151.46 3.56%

Welspun India 62.03 1.46%

Banks



Finance

Oil

Petroleum Products

Software

Textile Products

Cash Equivalents

CBLO 1,970.22 46.31%




Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

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

HSBC Dividend Yield Equity Fund (HDYEF)


HSBC Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.70%

Direct Plan 2.00%

(inclusive of underlying scheme's expenses)Excludes service tax on Investment Management fees of 0.04%of Total NetAssets.

Asset Allocation

Miscellaneous 97.95%





(absolute)



June 30,2017


FUND PORTFOLIO

Overseas Mutual Fund

HSBC Gif Glob Emerg Mkts Eq S1 Dis 890.07 97.95%

Cash Equivalents

CBLO 28.33 3.12%


Total Net Assets as on 30-Jun-2017 908.75 100.00

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.06.17

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

12.5340

916.74

Ranjithgopal K A(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.18%

1.1800

-0.0580

`

`

` Dividend DeclarationRecord Date / periodof dividend declared




`

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)



13

FUND DETAILS


Regular 1.98%

Direct Plan 1.28%

(inclusive of underlying scheme's expenses)


Asset Allocation






FUND PORTFOLIO


HSBC Gif Asia Pacific Ex Japan Eq HD-S9D 751.18 98.17%

Cash Equivalents

CBLO 27.91 3.65%


Total Net Assets as on 30-Jun-2017 765.15 100.00%

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


@

.06.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

24-Feb-14MSCI 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

777.75

`

`

`12.2303

3.51%0.6960

-0.0130


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)



June 30,2017

HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



14

FUND DETAILS


Regular 2.68%

Direct Plan 1.98%


Asset Allocation






(absolute)



June 30,2017

FUND PORTFOLIO


HSBC Gif Brazil Equity S3D 2,489.49 98.05%

Cash Equivalents

CBLO 90.08 3.55%



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


@

.06.17

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

6.4701

2,555.18

Ranjithgopal K A(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

10.65%

0.9350

-0.0910

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities throughfeeder route in Brazilianmarkets

HSBC Brazil Fund (HBF)


HSBC Managed Solutions India - Growth (HMSG)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.22%

Direct Plan 1.95%

(inclusive of underlying scheme's expenses)

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

Asset Allocation






FUND PORTFOLIO

Mutual Fund

HSBC Equity Fund - Growth Direct 8,483.71 59.56%

HSBC Midcap Equity Fund - Growth Direct 2,797.35 19.64%

HSBC Income Fund Short Term - Growth Direct 1,414.96 9.93%

HSBC Income Fund Inv Plan Growth Direct 876.96 6.16%

HSBC Flexi Debt Fund Growth Direct 542.97 3.81%

Cash Equivalents

CBLO 167.77 1.18%



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)

@

.06.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

16.2962

14,301.21

Ranjithgopal K A (DedicatedFund Manager for investments

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

Equity Portion)Sanjay Shah (For managing

investments in Indian Market –Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`

3.28%

0.9570

0.1510


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)



June 30,2017

HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 2.10%

Direct Plan 1.85%

(inclusive of underlying scheme's expenses)Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.17% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation






FUND PORTFOLIO

Mutual Fund



HSBC Midcap Equity Fund - Growth Direct 3,758.69 16.17%

HSBC Flexi Debt Fund Growth Direct 2,966.68 12.76%

HSBC Income Fund Inv Plan Growth Direct 1,080.36 4.65%

Cash Equivalents

CBLO 384.72 1.65%



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)

@

.06.17

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

CRISIL Balanced FundAggressive

15.5742

23,154.01


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

Index

`

`

`

2.61%

0.9220

0.1740


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)



June 30,2017

HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



17

FUND DETAILS


Regular 1.62%

Direct Plan 1.37%

(inclusive of underlying scheme's expenses)Excludes service tax on Investment Management fees of 0.03%of Total Net Assets and of 0.09% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation






FUND PORTFOLIO

Mutual Fund


HSBC Flexi Debt Fund Growth Direct 7,397.63 21.48%

L&T Triple Ace Bond Fund Direct Growth 4,791.15 13.91%


HSBC Income Fund Inv Plan Growth Direct 1,137.01 3.30%

HDFC Income Fund Direct Plan - Growth 1,035.26 3.01%

IDFC Dynamic Bond Fund-Direct Pl-Growth 1,026.53 2.98%

Cash Equivalents

CBLO 608.43 1.77%



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


@

.06.17

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

13.5605


in foreign securities)(For managing

investments in Indian Market –Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Ni

`

34,550.13

Gautam Bhupal

`

`

0.92%

0.8780

0.2280

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)



June 30,2017

HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

18

FUND DETAILS


Regular 2.32%

Direct Plan 1.62%


Asset Allocation






FUND PORTFOLIO


HSBC Gif-China Consumer Opp S5 Cap 434.80 97.17%

Cash Equivalents

CBLO 15.51 3.47%


Total Net Assets as on 30-Jun-2017 447.48 100.00%

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


@

.06.17

23-Feb-15

MSCI AC World Index

10.9858

467.62

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)


19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Dynamic Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Managed Solutions

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

Neelotpal Sahai (from 27 May 2013)

Neelotpal Sahai (from 27 May 2013)

Dhiraj Sachdev (from 01 December 2009)

Dhiraj Sachdev (from 01 December 2009)

Aditya Khemani (from 24 February 2009)

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

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

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

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Gautam Bhupal

Vice President & Fund Manager Equities

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

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

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

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

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

Experience:

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



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Low riskLOW RISK

(BLUE)



20

Neelotpal Sahai

Senior Vice President & Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

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

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

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

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

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�

�

�

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Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 11 years experience in research.

HSBC Asset Management (India) Private LtdVice 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 LtdSenior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private LtdAssistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private LtdResearch Associate from May 2005 to November 2005

Experience:

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Amaresh Mishra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Manager Management

Bachelor of Engineering (Chemical)

Over 11 years of experience in Equities & Sales

HSBC Asset Management (India) Private LtdVice President & Assistant Fund Manager, from April 2012 to present,Associate Vice President, Investment Management from April 2008 to March 2012,Associate Vice President, Equities from October 2007 to March 2008;Associate Vice President, Sales and Distribution from March 2005 to September 2007

Centre for Science and EnvironmentTrainee Researcher from July 2001 to July 2002

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

HSBC Asset Management (India) Private Ltd

Experience:

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21

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 200

Nifty 50

S&P BSE 200

21.01% 9.68% 14.03% 22.13%

14.88% 7.74% 12.51% 16.24%

18.08% 9.91% 14.16% 17.73%

12,101 13,193 19,276 184,978

11,488 12,506 18,024 89,877

11,808 13,277 19,392 108,261

` ` ` `

` ` ` `

` ` ` `


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

`

`

`

18.38 13.30 18.19 16.82

18.08 9.91 14.16 13.85

14.88 7.74 12.51 13.18

11,838 14,545 23,065 79,825

11,808 13,277 19,392 56,551

11,488 12,506 18,024 52,292

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

14.38 8.97 10.94 5.11

18.08 9.91 14.16 7.37

14.88 7.74 12.51 6.96

11,438 12,938 16,803 16,274

11,808 13,277 19,392 20,040

11,488 12,506 18,024 19,307

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

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 30 June 2017. Returns above 1 year are CompoundedAnnualized. Standard benchmarkis prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period. Thereturns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plans shallhave 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


22

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

`

`

`

3.97 -11.30 -6.08 -6.83

11.85 -9.96 -6.75 -10.28

14.88 7.74 12.51 9.16

10,397 6,980 7,307 6,469

11,185 7,300 7,051 5,127

11,488 12,506 18,024 17,154

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

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 30 June 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

`

`

`

18.91 2.33 5.23 2.46

19.25 3.61 5.46 2.40

14.88 7.74 12.51 8.39

11,891 10,715 12,903 12,535

11,925 11,122 13,044 12,464

11,488 12,506 18,024 21,148

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `



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

`

`

`

18.05 5.11 6.20

21.87 0.74 2.94

14.88 7.74 13.75

11,805 11,613 12,232

12,187 10,225 11,018

11,488 12,506 15,396

% % %

% % %

% % %

` ` `

` ` `

` ` `


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 1 year but less than 5 years

23

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


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

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.

18.95 4.08

16.48 3.23

14.88 3.63

11,895 10,987

11,648 10,776

11,488 10,876

% %

% %

% %

` `

` `

` `

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

`

`

`

25.23 19.62 23.67 14.62

24.98 16.00 18.91 NA

14.88 7.74 12.51 13.78

12,523 17,117 28,932 49,993

12,498 15,608 23,776 NA

11,488 12,506 18,024 45,852

% % % %

% % %

% % % %

` ` ` `

` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on 30 June 2017. Returns above 1 year are CompoundedAnnualized. Standard benchmark is prescribed bySEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period. 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.

`


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


$

`

`

`

33.76 12.78 15.86 7.26

31.48 5.99 NA NA

14.88 7.74 12.51 10.51

13,376 14,346 20,879 12,424

13,148 11,906 NA NA

11,488 12,506 18,024 13,624

% % % %

% %

% % % %

` ` ` `

` `

` ` ` `



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)


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

`

`

`

`

20.26 12.21 16.66

16.76 10.11 13.99

14.88 7.74 11.74

11.69 11.15 11.20

12,026 14,128 16,303

11,676 13,349 15,151

11,488 12,506 14,222

11,169 13,732 14,006

% % %

% % %

% % %

% % %

` ` `

` ` `

` ` `

` ` `


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


24

Returns are of growth option. The returns for the respective periods are provided as on 30 June 2017. Returns above 1 year are CompoundedAnnualized. 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 returnsprovided 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 adifferent 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

`

`

`

26.69 14.84 19.81 12.72

18.08 9.91 14.16 9.10

14.88 7.74 12.51 8.66

12,669 15,146 24,688 35,121

11,808 13,277 19,392 24,950

11,488 12,506 18,024 23,907

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

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 Amaresh Mishra Effective (02 July 2012)

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

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


Fund Managed by Amaresh Mishra (Total Scheme Managed 1)

Funds Managed by Gautam Bhupal (Total Schemes Managed 4)

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


HSBC Dividend Yield Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

21.41 11.50 14.56 7.13

18.08 9.91 14.16 10.12

14.88 7.74 12.51 9.44

12,141 13,862 19,729 20,314

11,808 13,277 19,392 26,960

11,488 12,506 18,024 25,297

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `



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

(For overseas investment)

(Total Schemes Managed 4)Funds Managed by (Total Schemes Managed 10)Funds Managed by Ranjithgopal K A (Total Schemes Managed 7)


25

*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 30 June 2017. Returns above 1 year are CompoundedAnnualized. 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 returnsprovided 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 adifferent 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



`

`

`

`

17.99% 11.90% 15.00%

13.85% 9.08% 11.82%

14.88% 7.74% 11.74%

11.69% 11.15% 11.20%

11,799 14,013 15,580

11,385 12,978 14,253

11,488 12,506 14,222

11,169 13,732 14,006

` ` `

` ` `

` ` `

` ` `








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




`

`

`

`

9.87% 9.05% 10.09%

12.13% 10.81% 11.60%

14.88% 7.74% 11.74%

11.69% 11.15% 11.20%

10,987 12,969 13,564

11,213 13,605 14,163

11,488 12,506 14,222

11,169 13,732 14,006

` ` `

` ` `

` ` `

` ` `









26

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 (%)

`

`

`

`

-

-

-

-

June 30

Nifty 50

Nifty 50

S&P BSE 200

S&P BSE 200


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

June 30


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 1750000

132610 435842 858127 5857920

20.19 12.84 14.30 15.19

130496 412973 798527 4743062

16.73 9.14 11.39 12.66

131643 426624 844201 5091257

18.61 11.36 13.64 13.51

120000 360000 600000 1610000

131897 441122 949909 4625775

19.02 13.68 18.45 14.60

131643 426624 844201 3824613

18.61 11.36 13.64 12.08

130496 412973 798527 3627875

16.73 9.14 11.39 11.37

120000 360000 600000 1180000

130759 421343 802032 1835100

17.16 10.51 11.57 8.71

131643 426624 844201 2098671

18.61 11.36 13.64 11.29

130496 412973 798527 1974144

16.73 9.14 11.39 10.12

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 June 30, 2017.

`

`


Returns shown for Regular Plan - Growth Option





`


27

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 730000

112394 377074 546581 643680

-11.63 3.04 -3.66 -4.09

118076 395796 573252 650607

-2.98 6.27 -1.80 -3.74

130661 413495 799048 1038457

17.02 9.23 11.42 11.47

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 NA 400000

130557 418118 NA 469397

16.87 9.99 NA 9.60

133741 405012 NA 447612

22.11 7.82 NA 6.71

130565 413311 NA 476041

16.88 9.20 NA 10.46

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 1110000

129815 407280 689613 1416221

15.67 8.21 5.52 5.16

131817 405695 690889 1385280

18.95 7.94 5.59 4.70

130527 413010 798677 1857155

16.83 9.15 11.40 10.78


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 .

`

`

June 30, 2017






`


28

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 1260000

137757 463121 981216 2991573

28.75 17.09 19.79 15.65

131643 426624 844201 2298046

18.61 11.36 13.64 10.99

130496 412973 798527 2163289

16.73 9.14 11.39 9.91

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&PBSE200 -

Nifty 50 -

Nifty 50 -

$

June 30

India Infrastructure Index

India Infrastructure Index

120000 360000 600000 1360000

141427 452194 978278 2402974

34.96 15.41 19.66 9.62

131799 431736 NA NA

18.86 12.19 NA NA

130495 413237 798790 2443793

16.73 9.18 11.40 20.29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 1240000

133963 440901 880061 2232253

22.43 13.64 15.33 10.94

131643 426624 844201 2249295

18.61 11.36 13.64 11.08

130496 412973 798527 2116684

16.73 9.14 11.39 9.97



`

`

June 30, 2017






`

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.”


29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 NA 380000

132350 444113 NA 475072

19.77 14.16 NA 14.26

130461 425317 NA 454356

16.69 11.15 NA 11.33

130495 413091 NA 440380

16.73 9.16 NA 9.31

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


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

`


CRISIL Balanced Fund – Aggressive Index -

CRISILBalancedFund–AggressiveIndex-

Nifty 50 -

Nifty 50 -

June 30

120000 360000 NA 380000

130783 438645 NA 468617

17.20 13.29 NA 13.36

128873 416509 NA 444032

14.09 9.72 NA 9.84

130495 413091 NA 440234

16.73 9.16 NA 9.28

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 600000 1460000

136851 478691 1165291 3778995

27.23 19.44 26.93 14.67

132804 468542 1015620 3353189

20.51 17.92 21.21 12.89

130496 412973 798527 2837100

16.73 9.14 11.39 10.38



`

`

June 30, 2017




*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.”


30

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

June 30

120000 360000 NA 380000

124922 410096 NA 436338

7.75 8.67 NA 8.71

126327 421805 NA 449823

10.00 10.59 NA 10.68

130495 413091 NA 440380

16.73 9.16 NA 9.31

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



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

June 30

120000 NA NA 280000

132040 NA NA 318517

19.31 NA NA 11.08

130471 NA NA 313282

16.74 NA NA 9.62

130613 NA NA 319502

16.97 NA NA 11.35



`

`

June 30, 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.

31

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIPExit Load

per unit


.06.17

Yield To Maturity*

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 2.27%Direct Plan 1.77%Excludes service tax on Investment Management fees of 0.18%of Total NetAssets.

Asset Allocation

Government Securities 50.22%

Corporate/ PSU Debt 22.89%

Equity 22.85%

Cash Equivalents 3.85%




* Based on investedAmount

FUND PORTFOLIO

Corporate/ PSU Debt

Equity

Government Securities

Cash EquivalentsCBLO 1,234.21 3.85%Net Current Assets 51.76 0.19%Total Net Assets as on 30-Jun-2017 32,064.62 100.00%

Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,595.67 4.98% CRISIL AAAPower Finance Corporation 1,028.29 3.21% CRISIL AAAIndia Infradebt 1,023.22 3.19% CRISIL AAAIndian Railway Finance Corporation 720.57 2.25% CARE AAARural Electrification Corporation 704.64 2.20% CARE AAAICICI Bank 697.41 2.18% CARE AAATata Sons 508.02 1.58% CRISIL AAAHDFC 507.58 1.58% CRISIL AAAPower Grid Corporation of India 208.14 0.65% CRISIL AAANABARD 152.17 0.47% CRISIL AAANTPC 142.02 0.44% CRISIL AAAShriram Transport Finance Company 50.10 0.16% CRISIL AA+

HDFC Bank 677.34 2.11%ICICI Bank 562.69 1.75%IndusInd Bank 391.92 1.22%Maruti Suzuki India 333.24 1.04%The Ramco Cements 306.56 0.96%Hindustan Unilever 263.42 0.82%HDFC 230.94 0.72%MRF 215.23 0.67%United Spirits 196.66 0.61%Somany Ceramics 190.44 0.59%The Federal Bank 189.59 0.59%Infosys 187.11 0.58%Crompton Greaves Cons Electrical 176.63 0.55%Exide Industries 176.40 0.55%JM Financial 176.25 0.55%Axis Bank 169.69 0.53%ITC 167.48 0.52%LIC Housing Finance 163.28 0.51%Sun TV Network 163.28 0.51%NCL Industries 161.96 0.51%Torrent Pharmaceuticals 158.67 0.49%OCL India 151.98 0.47%GlaxoSmithKline Consumer Healthcare 149.90 0.47%Castrol India 149.74 0.47%Gateway Distriparks 149.52 0.47%Heritage Foods Ltd 143.75 0.45%Indo Count Industries 141.44 0.44%Amara Raja Batteries 138.53 0.43%Karur Vysya Bank 134.21 0.42%DCB Bank 129.09 0.40%Finolex Cables 127.76 0.40%Nilkamal 113.05 0.35%Sun Pharmaceutical Ind 112.81 0.35%Huhtamaki PPL 105.43 0.33%Astral Poly Technik Ltd 104.86 0.33%Ahluwalia Contracts (India) 94.10 0.29%IPCA Laboratories 80.06 0.25%Aditya Birla Fashion and Retail 39.81 0.12%Hindustan Dorr-Oliver 9.36 0.03%

7.61% GOVT OF INDIA RED 09-05-2030 2,041.59 6.37% SOVEREIGN7.94% HIMACHAL PRADESH SDL RED 28-02-30 1,665.38 5.19% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 1,648.79 5.14% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 1,498.70 4.67% SOVEREIGN8.24% GOVT OF INDIA RED 15-02-2027 1,356.29 4.23% SOVEREIGN6.57% GOVT OF INDIA RED 05-12-2033 1,315.80 4.10% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 1,308.28 4.08% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 1,061.13 3.31% SOVEREIGN8.39% RAJASTHAN SPL SDL RED 15-03-2024 736.42 2.30% SOVEREIGN6.79% GOVT OF INDIA RED 26-12-2029 700.55 2.18% SOVEREIGN6.97% GOVT OF INDIA RED 06-09-2026 611.88 1.91% SOVEREIGN7.59% GOVT OF INDIA RED 20-03-2029 585.88 1.83% SOVEREIGN7.77% TAMIL NADU SDL RED 22-02-2027 429.36 1.34% SOVEREIGN8.05% TAMILNADU SDL RED 22-03-2031 420.69 1.31% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 416.92 1.30% SOVEREIGN6.62% GOVT OF INDIA RED 28-11-2051 308.98 0.96% 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

25-Apr-17 0.07223 0.06692 13.512425-May-17 0.07223 0.06692 13.4966

28-Dec-15 0.06862 0.06357 14.194925-Jan-16 0.06862 0.06357 13.8945

26-Dec-16 0.21668 0.20075 13.217627-Mar-17 0.21668 0.20075 13.5578

26-Dec-16 0.21668 0.20075 14.014727-Mar-17 0.21668 0.20075 14.4147

27-Jun-17 0.07223 0.06692 13.6121

25-Apr-17 0.07223 0.06692 16.1365

27-Jun-17 0.21668 0.20075 13.7386

27-Jun-17 0.21668 0.20075 14.6449

Rating24-Feb-04

CRISIL MIP Blended Index

34.6797

9.18 years

6.05 years

31,704.51

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

7.21%

Rating Profile

Sovereign 50.22%

Equity 22.85%

AAAand equivalents 22.73%

Reverse Repos/ CBLOs 3.85%


AA+/AA-/AAand equivalents 0.16%




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.

32

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.06.17

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 1.84%Direct Plan 1.09%Excludes service tax on Investment Management fees of 0.15%of Total NetAssets.

Asset Allocation







* Based on invested Amount

FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 556.79 9.54%




Export Import Bank of India 558.37 9.57% CRISIL AAA

Power Grid Corporation of India 365.13 6.26% CRISIL AAA

Tata Sons 304.81 5.22% CRISIL AAA

Indian Railway Finance Corporation 205.88 3.53% CARE AAA

Rural Electrification Corporation 201.33 3.45% CARE AAA

ICICI Bank 199.26 3.42% CARE AAA

7.68% GOVT OF INDIA RED 15-12-2023 482.10 8.26% SOVEREIGN

7.94% HIMACHAL PRADESH SDL RED 28-02-30 416.34 7.14% SOVEREIGN





8.39% RAJASTHAN SPL SDL RED 15-03-2024 210.41 3.61% SOVEREIGN



7.77% TAMIL NADU SDL RED 22-02-2027 122.67 2.10% SOVEREIGN



8.05% TAMILNADU SDL RED 22-03-2031 105.17 1.80% SOVEREIGN



IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

27.8568

9.26 years

6.04 years

7.15%

5,786.78

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 59.20%









`

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

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

26-Dec-16 0.17334 0.16060 11.3774

27-Mar-17 0.14445 0.13383 11.1915

27-Jun-17 0.14445 0.13383 11.2759

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

33

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


.06.17

@


Regular 1.25%


Asset Allocation








FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 3,782.16 2.00%

Net Current Assets 3,632.16 1.92%



Zero Coupon Bonds

Nabha Power 10,074.45 5.32% [ICRA]AAA(SO)Nabha Power 7,631.02 4.03% [ICRA]AAANABARD 7,608.45 4.02% CRISIL AAARural Electrification Corporation 5,149.77 2.72% CARE AAAVolkswagen Finance Pvt 5,080.16 2.68% Fitch AAANABARD 5,071.08 2.68% CRISIL AAAIndian Railway Finance Corporation 5,063.16 2.68% CRISIL AAAShriram Transport Finance Company 5,055.94 2.67% CRISIL AA+Dalmia Cements (Bharat) 5,053.69 2.67% [ICRA]AALIC Housing Finance 5,042.79 2.66% CRISIL AAAIndiabulls Housing Finance 5,035.18 2.66% CARE AAABajaj Finance 5,029.61 2.66% CRISIL AAAShriram Transport Finance Company 5,016.90 2.65% Fitch AA+Tata Capital Financial Services 5,005.76 2.65% [ICRA]AA+CLP Wind Farm India Pvt 4,067.46 2.15% Fitch AAPower Grid Corporation of India 3,191.33 1.69% CRISIL AAAHDFC 3,093.09 1.63% CRISIL AAAPower Finance Corporation 3,029.36 1.60% CRISIL AAAPower Finance Corporation 2,575.05 1.36% CRISIL AAAPower Finance Corporation 2,568.61 1.36% CRISIL AAALIC Housing Finance 2,567.40 1.36% CARE AAAHDFC 2,536.04 1.34% CRISIL AAADewan Housing Finance Corporation 2,533.01 1.34% CARE AAADewan Housing Finance Corporation 2,531.16 1.34% CARE AAAPower Finance Corporation 2,510.31 1.33% CRISIL AAAOrix Leasing & Financial Services 2,504.99 1.32% Fitch AAAPower Finance Corporation 2,448.41 1.29% CRISIL AAAHDFC 2,030.32 1.07% CRISIL AAAPower Finance Corporation 1,538.94 0.81% CRISIL AAAIndia Infradebt 1,534.83 0.81% CRISIL AAAPower Finance Corporation 1,521.14 0.80% CRISIL AAASmall Industries Development Bk of India 1,259.35 0.67% CARE AAARural Electrification Corporation 1,036.70 0.55% CRISIL AAAPower Finance Corporation 1,023.30 0.54% CRISIL AAAShriram Transport Finance Company 1,007.66 0.53% CRISIL AA+East North Interconnection Company 1,005.70 0.53% CRISIL AAA (SO)East North Interconnection Company 1,003.32 0.53% CRISIL AAA (SO)East North Interconnection Company 1,001.63 0.53% CRISIL AAA (SO)Tata Capital Financial Services 502.69 0.27% CRISIL AA+Cholamandalam Investment & Fin Co 354.97 0.19% [ICRA]AATata Capital Housing Finance 354.50 0.19% CRISIL AA+LIC Housing Finance 353.23 0.19% CARE AAAPower Finance Corporation 327.49 0.17% CRISIL AAARural Electrification Corporation 323.02 0.17% CARE AAAPower Grid Corporation of India 315.21 0.17% CRISIL AAAIndian Railway Finance Corporation 311.30 0.16% CRISIL AAAExport Import Bank of India 161.67 0.09% CRISIL AAASmall Industries Development Bk of India 111.31 0.06% CARE AAANABARD 10.12 0.01% CRISIL AAA

Sundaram BNP Paribas Home Finance 6,609.41 3.49% [ICRA]AA+Sundaram BNP Paribas Home Finance 6,609.41 3.49% [ICRA]AA+JM Financial Products 5,156.16 2.72% CRISIL AAJM Financial Products 5,052.25 2.67% CRISIL AASundaram BNP Paribas Home Finance 2,504.95 1.32% [ICRA]AA+

8.24% GOVT OF INDIA RED 15-02-2027 5,804.91 3.07% SOVEREIGN8.40% UTTAR PRADESH SDL RED 10-03-2020 5,163.10 2.73% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 2,963.51 1.57% SOVEREIGN7.59% GOVT OF INDIA RED 20-03-2029 2,615.54 1.38% SOVEREIGN8.25% UTTAR PRADESH SDL RED 29-03-2020 2,573.78 1.36% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 1,506.81 0.80% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 576.42 0.30% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 275.03 0.15% SOVEREIGN8.03% UTTAR PRADESH SDL RED 02-06-2020 251.27 0.13% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

27.3879

2.72 years

2.19 years

7.52%

2,20,208.52

Sanjay Shah &

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile



Sovereign 11.49%








`

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

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

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

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

25-Apr-17 0.04592 0.04255 11.217925-May-17 0.04031 0.03735 11.2151

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

27-Jun-17 0.05225 0.04840 11.2587

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


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 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


.06.17

@

Asset Allocation

Money Market Instruments 70.50%

Treasury Bill 23.53%






FUND PORTFOLIO

Money Market Instruments

Treasury Bill

Cash Equivalents

CBLO 16,007.60 5.58%



Certificate of Deposit

Commercial Paper

IDFC Bank 14,861.01 5.18% [ICRA]A1+

HDFC Bank 4,970.66 1.73% CARE A1+

Axis Bank 4,469.90 1.56% CRISIL A1+

ICICI Bank 2,464.49 0.86% [ICRA]A1+

IL & FS Financial Services 14,915.83 5.20% [ICRA]A1+

India Infoline Housing Finance 12,328.50 4.30% [ICRA]A1+

Cox & Kings 12,318.01 4.30% CARE A1+

Jhajjar Power 9,931.98 3.46% Fitch A1+

Reliance Home Finance 9,916.48 3.46% [ICRA]A1+

Edelweiss Commodities Services 9,858.77 3.44% CRISIL A1+

PTC India Financial Services 7,470.35 2.61% CRISIL A1+


India Infoline Wealth Finance 7,457.28 2.60% [ICRA]A1+

JK Tyre & Industries 7,412.68 2.59% CARE A1+

JM Financial 7,407.34 2.58% [ICRA]A1+

IL & FS Financial Services 4,975.56 1.74% [ICRA]A1+

Motilal Oswal Securities 4,974.58 1.73% CRISIL A1+

RSPL 4,957.75 1.73% CRISIL A1+

Ford Credit India Pvt 4,955.46 1.73% Fitch A1+

JK Lakshmi Cement 4,953.49 1.73% CARE A1+

SRF 4,948.36 1.73% Fitch A1+

Capital First 4,947.08 1.73% CARE A1+


RSPL 4,937.19 1.72% CRISIL A1+

Indiabulls Housing Finance 4,922.50 1.72% CRISIL A1+

Cox & Kings 4,916.77 1.71% CARE A1+


Dalmia Bharat Sugars and Ind 2,480.34 0.87% [ICRA]A1+



Cox & Kings 2,471.91 0.86% CARE A1+


77 DAYS TBILL CMB RED 16-08-2017 29,764.97 10.38% SOVEREIGN

63 DAYS TBILL CMB RED 08-08-2017 14,902.41 5.20% SOVEREIGN

182 DAYS TBILL RED 24-08-2017 9,907.98 3.46% SOVEREIGN




91 DAYS TBILL RED 31-08-2017 989.61 0.35% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1643.2996

0.13 years

0.13 years6.65%

3,86,733.69

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 23.53%








`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

25-Apr-17 3.78090 3.50293 1005.4851

25-May-17 3.85885 3.57515 1005.5930

25-Apr-17 3.84664 3.56384 1013.6502

25-May-17 3.92621 3.63756 1013.7604

27-Jun-17 4.23810 3.92652 1006.1181

27-Jun-17 4.14580 3.84101 1014.2950

26-Aug-11 0.04886 0.04686 10.1383

29-Sep-11 0.05876 0.05636 10.1509

28-Oct-11 0.05244 0.05030 10.1428

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


Regular 0.13%

Direct Plan 0.07%


34

Investors understand that their principalwill be at low risk

Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in Money Market

Instruments

HSBC Cash Fund (HCF)


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

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

35

FUND DETAILS

Date of AllotmentBenchmark

NAV (Growth)(as on 30 )Average Maturity ofPortfolioModified Durationof PortfolioYield To Maturity*

Fund Managers

SIPMinimum ApplicationAmountSub Options

Exit Load

per unit


.06.17

@

Asset Allocation


Money Market Instruments 30.50%

Treasury Bill 5.15%





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


FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt

Treasury Bill

Cash Equivalents

CBLO 2,054.03 4.29%



Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

Axis Bank 2,442.78 5.10% [ICRA]A1+

IDFC Bank 2,431.90 5.08% [ICRA]A1+

NABARD 2,398.48 5.01% CRISIL A1+


Cox & Kings 2,473.84 5.17% CARE A1+


Dewan Housing Finance Corporation 2,531.16 5.29% CARE AAA

CLP Wind Farm India Pvt 2,530.55 5.29% Fitch AA

Cholamandalam Investment & Fin Co 2,526.76 5.28% [ICRA]AA

Rural Electrification Corporation 2,523.61 5.27% CARE AAA

Indian Railway Finance Corporation 2,506.23 5.24% CARE AAA

Tata Capital Financial Services 2,010.75 4.20% CRISIL AA+

Power Finance Corporation 1,534.96 3.21% CRISIL AAA

Shriram Transport Finance Company 1,511.50 3.16% CRISIL AA+

HDFC 1,010.03 2.11% CRISIL AAA


East North Interconnection Company 755.55 1.58% CRISIL AAA (SO)

Power Finance Corporation 506.33 1.06% CRISIL AAA

JM Financial Products 2,570.22 5.37% CRISIL AA


80 DAYS CMB TBILL RED 18-09-2017 2,466.42 5.15% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

14.5968

0.65 years

0.59 years7.08%

46,273.14

Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)

Nil

`

`

`

Rating Profile




Sovereign 5.15%



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

25-Apr-17 0.04429 0.04104 10.1881

25-May-17 0.03615 0.03349 10.1769

25-Apr-17 0.04945 0.04581 10.3982

25-May-17 0.03615 0.03349 10.1769

27-Jun-17 0.05447 0.05046 10.4051

27-Jun-17 0.04802 0.04449 10.1933

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.

36

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.06.17

@

Asset Allocation








FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 2,780.25 7.17%




Rural Electrification Corporation 3,120.56 8.04% CARE AAA

Power Grid Corporation of India 2,242.92 5.78% CRISIL AAA

Tata Sons 1,727.26 4.45% CRISIL AAA

Indian Railway Finance Corporation 1,647.02 4.24% CARE AAA

ICICI Bank 1,594.09 4.11% CARE AAA

Power Finance Corporation 1,542.43 3.98% CRISIL AAA

7.61% GOVT OF INDIA RED 09-05-2030 2,729.17 7.03% SOVEREIGN


8.53% BIHAR SDL RED 30-03-2022 2,099.00 5.41% SOVEREIGN


8.39% RAJASTHAN SPL SDL RED 15-03-2024 1,683.25 4.34% SOVEREIGN



7.64% UTTAR PRADESH SDL RED 29-03-2027 1,531.32 3.95% SOVEREIGN




7.77% TAMIL NADU SDL RED 22-02-2027 981.39 2.53% SOVEREIGN



8.39% RAJASTHAN SDL RED 15-03-2026 721.57 1.86% SOVEREIGN




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

22.7732

9.92 years

6.31 years

7.20%

38,959.27

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 62.42%





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-Oct-16 0.03997 0.03703 10.6404

25-Nov-16 0.32168 0.29803 11.0304

25-Jun-15 0.18057 0.16729 11.8869

28-Sep-15 0.18057 0.16729 11.9644

26-Dec-16 0.18057 0.16729 12.0373

27-Mar-17 0.18057 0.16729 11.8718

26-Dec-16 0.18779 0.17398 12.4859

27-Mar-17 0.18057 0.16729 12.3364

15-Mar-13 0.35236 0.30201 11.6629

28-Mar-16 0.36113 0.33458 12.1335

26-Sep-16 0.36113 0.33458 12.5188

27-Mar-17 0.36113 0.33458 12.2875

28-Mar-16 0.36113 0.33458 11.5335

26-Sep-16 0.36113 0.33458 11.9179

27-Jun-17 0.01324 0.01227 10.6036

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

27-Mar-17 0.36113 0.33458 11.7165

27-Jun-17 0.14445 0.13383 11.9288

27-Jun-17 0.18057 0.16729 12.4254

14-Sep-12 0.35236 0.30201 11.4315



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


37

HSBC 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 17 years of experience in research and risk

HSBC Asset Management (India) Private Ltd

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

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

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 10 years of experience in research and Fund Management

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

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

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

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

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

�

�

�

�

�

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


`

`

`

`

12.40% 9.66% 10.95% 9.76%

12.07% 10.56% 10.15% 8.16%

6.53% 7.57% 7.36% 5.97%

11.69% 11.15% 8.46% 5.85%

11,240 13,187 16,811 34,689

11,207 13,515 16,218 28,519

10,653 12,448 14,260 21,709

11,169 13,732 15,011 21,363

` ` ` `

` ` ` `

` ` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on 30 June 2017. Returns above 1 year are Compounded Annualized.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

38


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


`

`

`

9.27% 9.06% 8.19% 7.29%

11.47% 10.91% 9.58% 6.94%

11.69% 11.15% 8.46% 6.36%

10,927 12,971 14,820 27,862

11,147 13,642 15,797 26,579

11,169 13,732 15,011 24,546

`

` ` ` `

` ` ` `

` ` ` `


HSBC Flexi Debt Fund Date of Inception: 05 Oct 07


HSBC Flexi Debt Fund - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

9.98% 9.43% 8.68% 8.82%

11.47% 10.91% 9.58% 8.11%

11.69% 11.15% 8.46% 7.33%

10,998 13,103 15,165 22,794

11,147 13,642 15,797 21,376

11,169 13,732 15,011 19,925

` ` ` `

` ` ` `

` ` ` `



Fund Manager Wise Comparative Performance of Debt Schemes

39


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


`

`

`

8.09% 8.28% 8.33% 7.16%

8.88% 9.12% 9.09% 7.21%

6.53% 7.57% 7.36% 5.92%

10,809 12,694 14,917 27,393

10,888 12,992 15,448 27,554

10,653 12,448 14,260 23,125

` ` ` `

` ` ` `

` ` ` `


@ 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 30 June 2017. Returns above 1 year are CompoundedAnnualized. Standard benchmark is prescribed by SEBI and is usedfor 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.

`

* 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



`

`

`

7.19% 7.88% 8.29%

7.06% 7.96% 8.34%

6.53% 7.57% 7.30%

10,719 12,555 14,600

10,706 12,583 14,632

10,653 12,448 13,978

` ` `

` ` `

` ` `


Last 7 Daysas on 30

June 2017

Last 15 Daysas on 30

June 2017

Last 30 Daysas on 30

June 2017

6.70% 6.58% 6.53% 6.88% 7.88% 8.40% 8.45%

6.39% 6.46% 6.62% 6.86% 7.83% 8.25% 8.32%

6.13% 6.23% 6.22% 6.45% 7.55% 7.95% 7.93%

10,013 10,027 10,054 10,688 12,557 14,968 16,437

10,012 10,027 10,054 10,686 12,538 14,866 16,315

10,012 10,026 10,051 10,645 12,442 14,656 15,958

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


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 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

40

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.

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

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