the asset · 2016-12-21 · after two consecutive months of decline, india's industrial growth...

The AssetFactsheet – November 2016

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Comparative Performance of Equity Schemes

HSBC 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 MIP & Debt Schemes

Section II - How to read Factsheet

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

01

05

06

07

08

09

10

11

12

13

14

15

16

17

19

21

25

30

31

32

33

34

35

36

37

40

18

An eventful Month

RBI's fifth bi-monthly monetary policy

Indian government's decision to demonetize high value currency notes (INR 500 & 1000 rupee notes) came as a surprise yet a bold move.

This decision is aimed at tackling the following issues in the economy;

Black / unaccounted money

Tax evasion

Counterfeiting

Terror financing

Along with the demonetisation decision, the RBI has also put curbs on cash withdrawal limits and cash conversion of old exchanged notes

during the window up to December 30, 2016.As per the latest release from the RBI, banks have reported exchange / deposits worth INR 8.45

trillion of demonetised bank notes with exchange amounting to INR 339 billion and INR 8.11 trillion of deposits into bank accounts.

It may be a bit too early to quantify even the short term impact on growth of this move but initial indications suggest that the consumption

oriented sectors are likely to see disruption in the near term. The extent of impact of the move is uncertain at this stage given that it is

unprecedented – about 86.4% of total money in circulation has been demonetized.

The other key event during the month was the much followed US Presidential election outcome. The verdict came as a surprise for the market

participants but the direct implications of the same are likely limited to Information Technology and Healthcare sectors in the Indian context

As a result of these events, November 2016 saw markets take a significant breather with the S&P BSE Sensex and the Nifty50 sliding by

4.6% and 4.7% respectively. Small and mid-caps names registered bigger losses with the S&P BSE Midcap and the S&P BSE Smallcap

indices falling 7.2% and 9.2% respectively.

The much awaited decision around the rate finalization on the key tax reform viz GST was concluded earlier this month. The GST councildecided to adopt a 4 tier structure on rate slabs for implementation. These slabs are 5%, 12%, 18% and 28%. The finer details on theclassification of individual goods and services within these slabs are still awaited.

Repo rate (rate at which the RBI lends to banks), unchanged at 6.25%

Cash Reserve Ratio (CRR) left unchanged (at 4.00%)

Rise in the prices in some items and uptick in inflation expected due to base effect and oil prices

Global developments, especially, the monetary and fiscal policy stance by the US Federal Reserve

Withdrawal of Specified Bank Notes (SBN) expected to have temporary effect on inflation by 10-15 basis points (bps) as per the RBI

CPI data which is expected to be in the range of 5% with upside risk lower than last time

Imminent tightening of monetary policy in the US triggering high volatility

Supply disruptions due to currency replacement may drag down growth this year (complete impact of the same may need to beassessed)

Policy stance remains accommodative and the RBI will continue to provide adequate neutral liquidity. It will adopt wait and watchapproach for policy action

Key Highlights

Away from economist expectation, RBI policy rate on hold due to following factors:

Going Forward, RBI will continue to follow development on:

�

�

�

�

�

�

�

�

�

�

�

�

�


01

Source: Bloomberg; Bombay Stock Exchange (BSE)

Indices Performance

-

Nov 2016

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

Sensex BSE100 BSE200 BSE500 BSE MidCap BSESmallCap

Economic Indicators

Growth inches up; Private consumption continues to remain weak

Gross Domestic Product (GDP) growth for 2QFY17 came in at 7.3% year-on-year (YoY), marginally better than last quarter's 7.1%. Gross

Value Added (GVA) growth on the contrary declined to 7.1% YoY, against 7.3% in previous quarter. Agriculture and construction sectors

showed some signs of revival. Government non-capex spending picked up further while mining contracted for a second quarter in a row. On

the services side, trade and transportation were weaker than before.

India's consumer inflation as represented by the CPI (consumer price index) settled at 4.20% as compared to 4.39% in September 2016.

Food Prices have decelerated to 3.3% from 4% the previous month. Core Inflation largely continues to remain sticky at 4.8% from previous

reading of 4.76%.

Wholesale Price Index (WPI) reflected a similar trend as CPI. WPI stands at 3.39% as compared to 3.57%in September 2016. Core Inflation

inched higher to 1.08% as compared to 0.62% in September 2016. Manufactured product inflation inched higher to 2.7% vs 2.5% in

September 2016

Inflation eases

The country's merchandise exports jumped 9.6% in October 2016 to USD 23.5 billion (USD 21.4 last year). Significantly, 18 of 30 exportsectors posted growth in outward shipments.

Imports ended higher by 8.1% to USD 33.7 billion (USD 31.1 billion). This translated into a trade deficit of USD 10.1 billion.

The country's services exports appreciated by 3.4% to USD 13.8 billion in September 2016 (USD 13.3 billion in September 2015).Cumulative services exports overApril-September 2016 came at USD 79.6 billion.

After two consecutive months of decline, India's industrial growth rose 0.7% in September 2016. The sectors primarily responsible for the

good showing include – woolen carpets, ship building, ready to eat food. Overall 12 out of 22 industry groups in the manufacturing sector

improved growth.

Manufacturing production edged higher by 0.9%, while mining output fell 3.1% and electricity generation appreciated 2.4%. Capital goods

continued to struggle falling sharply by 21.6%.

Capital goods output nosedived 21.6% in September. It has been falling for the last few months. Consumer goods production appreciated 6%

in September with consumer non-durable output inching ahead by 0.1% and consumer durables jumping 14%.

Institutional flows continued to show the trend of net selling by Foreign Institutional Investors (FII) and net buying by the domestic institutional

investors. The FIIs saw highest monthly net selling in many years at ~USD 2.61 billion of net outflows and this has brought down the Calendar

year till date net inflow tally to ~USD 4.15 billion. The Domestic Institutional Investors (DIIs) were net buyers to the tune of ~USD 2.69 billion

during the month driven by MF segment (~USD 2 billion of net inflows) From a calendar year to date perspective, DII tally of net buying now

stands at ~USD 3.92 billion driven by ~USD 5.74 billion of net inflows from the MF segment with the domestic insurers still in the negative

territory.

Institutional Fund Flows

Exports climb 9.6%

IIP registers many positives

External


02

Source: Bloomberg; Central Statistical Organization (CSO) India

0

2

4

6

8

10

Feb

-14

Ap

r-1

4

Ju

n-1

4

Au

g-1

4

Oct-

14

De

c-1

4

Feb

-15

Ap

r-1

5

Ju

n-1

5

Au

g-1

5

Oct-

15

De

c-1

5

Feb

-16

Ap

r-1

6

Ju

n-1

6

Au

g-1

6

Oct-

16

CPI Inflation (%)

Consumer Price Index (CPI)

Source: Bloomberg; Central Statistical Organization (CSO) India

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Jan

/13

Mar/

13

May/1

3

Ju

l/13

Se

p/1

3

No

v/1

3

Jan

/14

Mar/

14

May/1

4

Ju

l/14

Se

p/1

4

No

v/1

4

Jan

/15

Mar/

15

May/1

5

Ju

l/15

Se

p/1

5

No

v/1

5

Jan

/16

Mar/

16

May/1

6

Ju

l/16

Se

p/1

6

Index of Industrial Production (IIP)

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

Global Economic Scenario

Market View

The US presidential elections threw a surprising result that left debt and equity markets in contradictory states. While debt markets saw yields

hardening, equity markets clocked gains.As the US Fed reviews rates this month, expectations of a rate hike are running high.

Oil prices hardened on the back of an unforeseen OPEC (Organization of Petroleum Exporting Countries) deal involving key players – Iran

and Saudi in tandem with Russia (non-member).

Equity markets corrected during the month as the short term impact of the demonetization process is likely to be negative. The mid & smallcap

indices fell more than the largecap indices but the premium valuations still persist compared to the latter. While it may be bit too early to

quantify the short term impact on growth of this move, the initial indications suggest that the consumption oriented sectors are likely to see

disruption in the near term.

However, the medium to long term implications of the demonetization exercise is expected to be positive, given that this move will hasten the

shift to formal economy. This will also lead to level playing field being created for the organized players across domestic sectors and

eventually churning out gains for them in the medium to long term. Demonetization is also expected to progressively improve tax compliance

in the system and the adoption of GST would provide further impetus in this regard. Government's focus on promoting digital payments and a

gradual shift to an economy with less reliance on cash has the potential to provide long term benefits.

Markets will be closely watching GST rollout time frame and if the 01 April, 2017 deadline is missed, then the wait could increase by another

six months.

The Union Budget expectations, which admittedly is some time away, will also increasingly weigh in on the markets. Other significant

developments that will be tracked closely by the markets include external developments such as in the Euro region especially the Italian

referendum dynamics, the US Fed rate decision among others.

Debt markets opened for the month with negative bias ahead of US elections and amidst lack of domestic triggers. 9/11 was a historic day in

for the Indian Markets on 2 counts i.e. US Elections and Demonetization scheme. The impact of Trump winning the elections have been

negative for the world bond markets however, Indian bonds rallied due to increased liquidity and better fiscal prospects.

Markets continued to rally displaying strong resilience and no correlation to global bond markets. Liquidity is likely to remain a flush in the

banking system and Government may have an improved tax collections in this fiscal and also a wider tax base in the coming years. Further,

the yield on benchmark security touched a new low of 6.11% on back of rate cut expectation before retracing back marginally. Markets

witnessed sell off post CRR hike announcement which was short-lived going into policy.

Post policy market witnessed massive sell off as RBI unexpectedly kept rates unchanged with marginal hawkish tone.

Corporate bond spreads expanded during the month on back of supply and preference of market participants to remain overweight in

sovereigns because of more liquidity in sovereign markets.

Money market rates eased significantly on back of liquidity flush which retraced marginally on CRR hike and MSS announcements.

Growth with eye on the inflation target continues to be the focus of the RBI now. With credit growth still low and lower deposit rates, it is

imperative for banks to pass on the rate reduction to borrowers. This may help build some demand and expand capacities in the long run.

Two important points need to be pondered upon:

How the currency replacement pans out in the growth and inflation apart from transient and unclear effects

Global markets and effects of the same on the domestic rates

Government securities supply is balanced by liquidity management/ growth in deposits. The demand supply equation will be also impacted

favorably large but transitory deposit growth currently. However, going forward, term premium over overnight rate may need to be reworked

and may stabilize at 20-30 bps. We maintain overweight duration stance and have positioned for benefit out of medium and long end of the

curve.

Equity Market Outlook

Debt Market – Update

Debt Market – Outlook

�

�

03


Source: Bloomberg, for all data except where mentioned otherwise

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Jul/07

No

v/0

7

Mar/

08

Jul/08

No

v/0

8

Mar/

09

Jul/09

No

v/0

9

Mar/

10

Jul/10

No

v/1

0

Mar/

11

Jul/11

No

v/1

1

Mar/

12

Jul/12

No

v/1

2

Mar/

13

Jul/13

No

v/1

3

Mar/

14

Jul/14

No

v/1

4

Mar/

15

Jul/15

No

v/1

5

Mar/

16

Jul/16

No

v/1

6

Repo Rate Movement

Repo Rate

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund #

HSBC IndiaOpportunities

Fund #

HSBCMidcap

Equity Fund

Overweight Underweight Neutral

#The 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 FundPositive Contributors

Consumer Discretionary & Information Technology - certain stock (s) selection helped performance.

Negative Contributors

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

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

Utilities & Telecommunication – being underweight hurt performance.

Financials – certain stock (s) selection hurt performance.

Review: HSBC India Opportunities FundPositive Contributors

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


Financials, Materials & Healthcare - certain stock (s) selection hurt performance.

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

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

Utilities & Telecommunication – being underweight hurt performance.

Review: HSBC Midcap Equity Fund

Positive Contributors

Information Technology – being overweight & certain stock (s) selection helped performance.

Consumer Staples – certain stock (s) selection helped performance.


Financials, Materials, Consumer Discretionary & Healthcare– certain stock (s) selection hurt performance.

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

Utilities – being underweight hurt performance.

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

Review: HSBC Monthly Income PlanOur current equity exposure is 22.63% 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 2.41%

Direct Plan 1.71%Excludes service tax on Investment Management fees of 0.23%of Total NetAssets.

0.84

Asset Allocation

Auto 9.55%

AutoAncillaries 1.54%

Banks 26.25%

Cement 4.48%

Construction 1.12%

Construction Project 3.66%

Consumer Non Durables 6.35%

Finance 3.14%

Non - Ferrous Metals 3.81%

Pesticides 2.62%

Petroleum Products 5.33%

Pharmaceuticals 7.57%

Power 2.70%

Software 13.28%

Transportation 2.14%

Other Equity Investments 3.24%

Reverse Repos/CBLOs 2.60%

Net CurrentAssets 0.62%

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: 6.51% (FIMMDA-NSE Mibor) as on November30, 2016)

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

FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Construction Project

Consumer Non Durables

Finance

Non - Ferrous Metals

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Transportation

Other Equity Investments 1,959.28 3.24%

Cash Equivalents

CBLO 1,522.87 2.52%

Reverse Repos 46.33 0.08%

Net Current Assets 387.01 0.62%

Total Net Assets as on 30-Nov-2016 60,403.55 100.00%

Tata Motors 2,870.63 4.75%

Maruti Suzuki India 2,106.40 3.49%

Hero Motocorp 791.51 1.31%

Motherson Sumi Systems 929.40 1.54%

HDFC Bank 5,398.20 8.94%

ICICI Bank 3,983.25 6.59%

Yes Bank 1,760.78 2.92%

IndusInd Bank 1,629.98 2.70%

State Bank of India 1,550.10 2.57%

Axis Bank 1,527.01 2.53%

Dalmia Bharat 1,622.45 2.69%

Ultratech Cement 1,081.04 1.79%

J.Kumar Infraprojects 673.90 1.12%

Larsen & Toubro 2,212.40 3.66%

ITC 3,836.25 6.35%

HDFC 1,894.65 3.14%

Vedanta 2,298.50 3.81%

UPL 1,584.88 2.62%

Reliance Industries 3,217.66 5.33%

Aurobindo Pharma 1,666.80 2.76%

Sun Pharmaceutical Industries 1,597.05 2.64%

Glenmark Pharmaceuticals 1,313.40 2.17%

NTPC 1,631.50 2.70%

Infosys 3,902.20 6.46%

HCL Technologies 2,411.40 3.99%

Tata Consultancy Services 1,707.04 2.83%

Interglobe Aviation 1,289.70 2.14%

IssuerMarket Value

( in Lacs)`

% to NetAssets

Dividend DeclarationRecord Date / periodof dividend declared

Dividend ( per unit)Non-Institutional

` Dividend ( per unit)Institutional

` NAV ( ) per unit(cum dividend)

`

HSBC Equity Fund - Dividend27-Jun-14 2.50000 2.50000 31.2065

10-Nov-15 3.70000 3.70000 29.4046

27-Jun-14 2.50000 2.50000 31.5845

10-Nov-15 3.70000 3.70000 30.0806

02-Nov-16 3.00000 3.00000 30.0022

HSBC Equity Fund - Dividend - Direct Plan

02-Nov-16 3.00000 3.00000 31.0071

Date of Allotment

BenchmarkNAV (Growth)(as on 30.11.16)Monthly Average AUM(In Lakhs)Fund ManagerSIPMinimumApplication Amount

Exit Load

Standard DeviationBeta (Slope)Sharpe Ratio**

$

@

per unit

Statistical Ratios

10-Dec-02

Nifty 50

155.9261

60,294.59

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.55%

`

`

`

1.0279

0.1444

Investors understand that their principalwill be at Moderately High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:

• To create wealth over longterm

• Investment in equity andequity related securities

HSBC Equity Fund (HEF)

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

HSBC India Opportunities Fund (HIOF)

This product is suitable for investors who are seeking*:

�

�

�

Overnight liquidity over short term

Investment in Money Market Instruments

Low riskLOW RISK

(BLUE)

Note: Risk is represented as -

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

06

FUND DETAILS


Portfolio Turnover

Regular 2.48%

Direct Plan 1.78%

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

0.39

Asset Allocation

Auto 8.93%


Banks 26.76%

Cement 3.03%

Chemicals 1.39%

Construction 1.15%

Consumer Durables 1.44%


Finance 8.06%

Industrial Products 2.11%

Media & Entertainment 1.92%


Pesticides 2.97%



Software 8.91%

Textile Products 4.32%



Net CurrentAssets -1.74%


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


November30

(absolute)

**Risk free rate: 6.51% (FIMMDA-NSE Mibor) as on, 2016)

@Effective from March 1, 2013 for prospective investments.


FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction

Consumer Durables


Finance

Industrial Products

Media & Entertainment


Pesticides

Petroleum Products

Pharmaceuticals

Software

Textile Products

Other Equity Investments 936.89 2.19%

Cash Equivalents

CBLO 2,850.68 6.68%


Net Current Assets -755.41 -1.74%


Tata Motors 2,296.50 5.38%

Eicher Motors 1,513.39 3.55%

Exide Industries 724.60 1.70%

HDFC Bank 3,898.70 9.13%

ICICI Bank 2,655.50 6.22%

Yes Bank 1,760.78 4.12%

IndusInd Bank 1,629.98 3.82%

State Bank of India 775.05 1.82%

Axis Bank 704.78 1.65%

JK Cement 722.89 1.69%

Heidelbergcement India 571.25 1.34%

Vinati Organics 595.25 1.39%

Ahluwalia Contracts (India) 492.20 1.15%

Blue Star 615.63 1.44%

ITC 2,092.50 4.90%

Bajaj Finance 1,379.70 3.23%

Bharat Financial Inclusion 1,294.13 3.03%

Manappuram Finance 770.00 1.80%

Supreme Industries 899.00 2.11%

Dish TV India 820.35 1.92%

Vedanta 1,149.25 2.69%

UPL 1,267.90 2.97%

Reliance Industries 1,683.09 3.94%


Glenmark Pharmaceuticals 1,094.50 2.56%

Torrent Pharmaceuticals 1,032.86 2.42%

Infosys 2,194.99 5.14%

HCL Technologies 1,607.60 3.77%

Welspun India 835.80 1.96%

Indian Terrain Fashions 555.00 1.30%

Arvind 454.44 1.06%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

27-Jun-14 1.50000 1.50000 23.2323

17-Mar-15 2.70000 2.70000 27.0820

27-Jun-14 1.50000 1.50000 23.5020

17-Mar-15 1.50000 1.50000 27.5575

10-Nov-15 1.50000 1.50000 21.8624

10-Nov-15 1.50000 1.50000 23.4738

An Open Ended Flexi-Cap Equity Scheme

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

Date of Allotment

Benchmark

NAV (Growth)(as on 30 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

$

@

per unit.11.16

Monthly Average AUM(In Lakhs)

Statistical Ratios

24-Feb-04

S&P BSE 200

66.9443

43,676.40

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.93%

1.0874

0.2272

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities acrossmarket capitalisations

HSBC India Opportunities Fund (HIOF)


HSBC Midcap Equity Fund (HMEF)


�

�

�



Low riskLOW RISK

(BLUE)



07

FUND DETAILS


Portfolio Turnover

Regular 2.51%

Direct Plan 1.81%


0.27

Asset Allocation


November30

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Cement

Chemicals

Construction



Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Textiles - Synthetic


Cash Equivalents

CBLO 302.78 0.80%




VST Tillers Tractors 1,475.98 3.91%

Apollo Tyres 649.06 1.72%

Deccan Cements 1,287.99 3.42%

Vinati Organics 1,643.92 4.36%

Navin Fluorine International 753.48 2.00%

IRB Infrastructure Developers 746.00 1.98%


Power Mech Projects 890.53 2.36%

CCL Products (India) 1,543.92 4.09%

Kaveri Seed Company 598.03 1.59%

Motilal Oswal Financial Services 1,984.78 5.26%

Manappuram Finance 1,683.22 4.46%

Cholamandalam Investment & Fin Co. 1,363.67 3.62%

Dewan Housing Finance Corporation 1,259.42 3.34%

Indiabulls Housing Finance 1,105.50 2.93%

Muthoot Finance 1,051.24 2.79%

Bharat Financial Inclusion 902.19 2.39%

Sanghvi Movers 1,105.31 2.93%

Inox Wind 684.61 1.82%

Finolex Industries 1,132.96 3.00%

Ramkrishna Forgings 618.87 1.64%

Jagran Prakashan 1,240.83 3.29%

Hindustan Media Ventures 837.23 2.22%

Gujarat Mineral Development Corporation 398.87 1.06%

UPL 1,496.12 3.97%

PI Industries 676.56 1.79%

Gulf Oil Lubricants India 1,129.87 3.00%

Hindustan Petroleum Corporation 1,046.06 2.77%

GOCL Corporation 469.41 1.24%


Wockhardt 666.24 1.77%

Torrent Pharmaceuticals 627.11 1.66%

Kalpataru Power Transmission 453.91 1.20%

Sonata Software 949.37 2.52%



Sarla Performance Fibers 907.94 2.41%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

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

10-Nov-15 2.50 2.50 20.1838

02-Nov-16 1.75 1.75 25.3345

02-Nov-16 1.75 1.75 21.5706

HSBC Midcap Equity Fund - Dividend - Direct Plan

An Open Ended Diversified Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.11.16


@

Statistical Ratios

19-May-05

S&P BSE Midcap

42.0742

37,198.49

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

6.15%

1.1245

0.3383

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in predominantly mid

cap equity and equity relatedsecurities

HSBC Midcap Equity Fund (HMEF)


Auto 3.91%


Cement 3.42%

Chemicals 6.36%

Construction 3.79%



Finance 24.79%

Industrial Capital Goods 4.75%


Media & Entertainment 5.51%

Minerals/Mining 1.06%

Pesticides 5.76%



Power 1.20%

Software 2.52%


Textiles - Synthetic 2.41%





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.11.16


(Slope)

Statistical Ratios

23-Feb-06

S&P BSE IndiaInfrastructure Index

17.5872

10,988.78

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

7.04%

1.4051

0.2182

`

`

`


Portfolio Turnover

Regular 2.67%

Direct Plan 1.97%


0.26

Asset Allocation

Banks 1.61%

Cement 8.21%

Construction 12.36%


Ferrous Metals 1.87%

Finance 5.91%

Gas 3.67%




Oil 1.10%


Power 16.60%








November30

(absolute)




FUND PORTFOLIO

Banks

Cement

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Oil

Petroleum Products

Power

Transportation


Cash Equivalents

CBLO 82.77 0.74%




Karnataka Bank 178.94 1.61%

Deccan Cements 721.55 6.49%

Everest Industries 191.06 1.72%



NBCC India 311.29 2.80%

KNR Constructions 296.94 2.67%

Power Mech Projects 140.61 1.26%

Larsen & Toubro 138.28 1.24%

Jindal Saw 207.94 1.87%

Rural Electrification Corporation 657.12 5.91%

Gujarat State Petronet 407.94 3.67%

Sanghvi Movers 488.86 4.39%

Inox Wind 276.52 2.49%

FAG Bearings India 379.90 3.41%

KEI Industries 302.27 2.72%

Gujarat Mineral Development Corporation 425.85 3.83%

Aban Offshore 122.24 1.10%

Hindustan Petroleum Corporation 954.18 8.58%

Indian Oil Corporation 473.54 4.26%

Adani Transmission 640.75 5.76%

Power Grid Corporation of India 527.73 4.74%

Reliance Infrastructure 304.90 2.74%

PTC India 229.43 2.06%

RattanIndia Power 144.96 1.30%

Adani Ports & Special Economic Zone 628.05 5.65%

Gateway Distriparks 287.62 2.59%

Gujarat Pipavav Port 208.55 1.87%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

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

26-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

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

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.11.16


@

Statistical Ratios

05-Jan-07

S&P BSE 200

28.1788

16,759.53

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.82%

1.0616

0.2213

`

`


Portfolio Turnover

Regular 2.59%

Direct Plan 1.89%


0.62

Asset Allocation

Auto 6.31%


Banks 26.34%

Cement 7.80%

Construction 4.66%

Consumer Durables 3.76%


Finance 5.87%



Software 9.05%








November30

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Consumer Durables


Finance

Petroleum Products

Pharmaceuticals

Software

Textile Products

Transportation


Cash Equivalents

CBLO 290.53 1.75%




Maruti Suzuki India 775.84 4.68%

Eicher Motors 270.25 1.63%

MRF 449.10 2.71%

Exide Industries 351.43 2.12%

HDFC Bank 1,507.90 9.09%

ICICI Bank 1,161.78 7.01%

IndusInd Bank 836.72 5.05%

Federal Bank 344.88 2.08%

Axis Bank 274.86 1.66%

Jammu & Kashmir Bank 240.16 1.45%

The Ramco Cements 355.00 2.14%

Ultratech Cement 342.33 2.06%

OCL India 299.59 1.81%

NCL Industries 296.09 1.79%

Somany Ceramics 302.57 1.82%



Crompton Greaves Consumer Electrical 343.82 2.07%

Blue Star 280.73 1.69%

ITC 497.31 3.00%

Glaxosmithkline Consumer Healthcare 410.20 2.47%

United Spirits 364.51 2.20%

Heritage Foods 351.76 2.12%

CCL Products (India) 280.61 1.69%

Hindustan Unilever 168.80 1.02%

LIC Housing Finance 487.80 2.94%

HDFC 486.29 2.93%

Reliance Industries 514.83 3.10%

Torrent Pharmaceuticals 516.43 3.11%

Aurobindo Pharma 340.77 2.06%

Sun Pharmaceutical Industries 327.93 1.98%

Infosys 856.53 5.17%

Tata Consultancy Services 352.79 2.13%

Oracle Financial Services Software 290.28 1.75%

SRF 365.39 2.20%




IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

17-Oct-14 1.50000 1.50000 22.1053

17-Mar-15 2.50000 2.50000 23.9029

23-Mar-16 1.50000 1.50000 19.9950

23-Mar-16 1.50000 1.50000 19.4675

17-Oct-14 1.50000 1.50000 22.4083

17-Mar-15 2.50000 2.50000 24.3256

An Open Ended Equity Linked Savings Scheme (ELSS)

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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


HSBC Dynamic Fund (HDF)

10

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.11.16


@

Statistical Ratios

24-Sep-07

S&P BSE 200

14.1051

4,399.51

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.47%

0.7803

0.1231


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%


0.67

Asset Allocation

Auto 9.61%

Banks 21.26%

Cement 2.47%



Finance 3.18%




Power 3.21%

Software 9.40%

Telecom - Services 1.67%






November30

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

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

Auto

Banks

Cement



Finance


Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

Cash Equivalents

CBLO 681.17 15.58%




Tata Motors 206.69 4.73%


Mahindra & Mahindra 55.70 1.27%

HDFC Bank 335.89 7.68%

ICICI Bank 265.55 6.07%

Yes Bank 129.12 2.95%

IndusInd Bank 119.53 2.73%

State Bank of India 80.09 1.83%

Ultratech Cement 108.10 2.47%


ITC 244.13 5.58%

Asian Paints 121.24 2.77%


Glaxosmithkline Consumer Healthcare 50.02 1.14%

HDFC 138.94 3.18%

Vedanta 103.43 2.37%


Indian Oil Corporation 82.81 1.89%


Lupin 105.34 2.41%

NTPC 140.31 3.21%

Infosys 282.91 6.47%

HCL Technologies 80.38 1.84%


Bharti Airtel 73.04 1.67%

Interglobe Aviation 64.49 1.47%


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.11.16


@

Statistical Ratios

21-Mar-07

S&P BSE 200

17.2486

3,887.51

Gautam Bhupal &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

4.16%

0.9388

0.1922

`

`

`


Portfolio Turnover

Regular 2.33%


0.17

Asset Allocation

Auto 8.19%


Banks 19.72%

Cement 1.92%

Chemicals 1.85%



Finance 9.82%




Oil 3.46%



Power 3.99%

Software 13.81%








November30

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

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

equities and equity related securities of domestic Indian companies.

Auto

Auto Ancillaries

Banks

Cement

Chemicals



Finance


Minerals/Mining


Oil

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Transportation


Cash Equivalents

CBLO 43.17 1.11%




Hero Motocorp 159.89 4.12%


MRF 153.69 3.96%

ICICI Bank 336.19 8.66%

HDFC Bank 167.94 4.33%

Karur Vysya Bank 138.55 3.57%

Axis Bank 78.93 2.03%

Jammu & Kashmir Bank 43.87 1.13%

Deccan Cements 74.67 1.92%

Tata Chemicals 71.91 1.85%


ITC 268.93 6.93%


HDFC 138.94 3.58%

Indiabulls Housing Finance 122.41 3.15%

Manappuram Finance 120.12 3.09%

V-Guard Industries 112.55 2.90%

Coal India 77.15 1.99%

Hindustan Zinc 135.93 3.50%

Oil & Natural Gas Corporation 134.34 3.46%

Bharat Petroleum Corporation 180.31 4.65%


Lupin 81.65 2.10%


NTPC 154.99 3.99%

Infosys 267.40 6.89%

HCL Technologies 143.08 3.69%





Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

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

HSBC Dividend Yield Equity Fund (HDYEF)


HSBC Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%

(inclusive of underlying scheme's expenses)


Asset Allocation

Overseas Mutual Fund 97.57%





November30

(absolute)




FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents

CBLO 25.96 2.87%



Total Net Assets as on 30-Nov-2016 904.50 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 882.52 97.57%

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.11.16


@

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

11.4176

890.60

Anitha Rangan(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.24%

1.1930

-0.0120

`

`

`





`

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 2.28%

Direct Plan 1.58%



Asset Allocation






FUND PORTFOLIO


HSBC GIF ASIA PACIFIC EX JAPAN EQ HD-S9D 994.70 98.77%

Cash Equivalents

CBLO 18.79 1.87%




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.11.16


@

24-Feb-14

MSCI AC Asia Pacific

ex Japan

Anitha Rangan (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

11.0379

1,001.27


RiskometerRiskometer

Mod

erately

Mod

erately ModerateModerate

Low

Low

Hig

hH

igh

Low

Low

HighHigh

LOWLOW HIGHHIGH

Moderately

Moderately



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

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


HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



14

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%



Asset Allocation






November30

(absolute)



FUND PORTFOLIO


HSBC GIF BRAZIL EQUITY S3D 3,026.82 96.25%

Cash Equivalents

CBLO 148.14 4.71%




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.11.16


@

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

6.6679

3,151.47

Anitha Rangan(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

10.58%

0.9150

-0.0400

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities throughfeeder route in Brazilianmarkets

HSBC Brazil Fund (HBF)


HSBC Managed Solutions India - Growth (HMSG)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.38%

Direct Plan 2.11%


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

Asset Allocation

Mutual Fund 99.27%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 193.24 1.52%




HSBC Equity Fund - Growth Direct 7,917.07 62.22%

HSBC Midcap Equity Fund - Growth Direct 2,684.78 21.10%

HSBC Income Fund Short Term - Growth Direct 1,007.53 7.92%

HSBC Income Fund Inv Plan Growth Direct 797.34 6.27%

HSBC Flexi Debt Fund Growth Direct 223.69 1.76%

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.11.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

14.0030

12,826.43

Anitha Rangan (DedicatedFund Manager for investments

in foreign securities)

Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth over long term

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

HSBC Managed Solutions India - Growth


HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 2.35%

Direct Plan 2.10%



Asset Allocation

Mutual Fund 98.54%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 300.42 1.51%





HSBC Midcap Equity Fund - Growth Direct 3,475.34 17.45%


HSBC Flexi Debt Fund Growth Direct 2,030.20 10.20%

HSBC Income Fund Inv Plan Growth Direct 1,076.67 5.41%

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.11.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

CRISIL Balanced FundAggressive

13.7316

19,860.29


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

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

Index

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth and provideincome over the long term

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

HSBC Managed Solutions India - Moderate


HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



17

FUND DETAILS


Regular 1.63%

Direct Plan 1.38%



Asset Allocation

Mutual Fund 99.27%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 665.93 1.94%





HSBC Flexi Debt Fund Growth Direct 8,991.80 26.23%

L&T Triple Ace Bond Fund Direct Growth 4,859.99 14.18%


HSBC Income Fund Inv Plan Growth Direct 1,133.14 3.31%

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.11.16


@

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

13.1886


in foreign securities)(For managing

investments in Indian Market –Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

`

34,198.72

Gautam Bhupal

`

`

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

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

Investors understand that their principalwill be at Moderate risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Managed Solutions India - Conservative


HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

18

FUND DETAILS


Regular 2.33%

Direct Plan 1.63%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 18.83 3.04%



Total Net Assets as on 30-Nov-2016 619.11 100.00%

HSBC GIF-China Consumer Opp S5 Cap 606.21 97.92%

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.11.16


@

23-Feb-15

MSCI AC World Index

9.8226

610.35

Anitha Rangan (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

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

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


19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Dynamic Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Managed Solutions

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

Neelotpal Sahai (from 27 May 2013)

Neelotpal Sahai (from 27 May 2013)

Dhiraj Sachdev (from 01 December 2009)

Dhiraj Sachdev (from 01 December 2009)

Aditya Khemani (from 24 February 2009)

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

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

Anitha Rangan (from 18 October 2014)

Anitha Rangan (from 18 October 2014)

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

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

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

Gautam Bhupal(from 21 Oct 2015)

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

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 20 years experience in Equity Research and Fund Management.

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

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

HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003

DSQ Software LtdBusiness Analyst from June 1999 to November 1999

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

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

�

�

�

�

�

�

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:

�

�

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



�

�

�



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:

�

�

�

�

�

�

�

Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 11 years experience in research.

HSBC Asset Management (India) Private Ltd

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

SBI Funds Management India Private Ltd

Senior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private Ltd

Assistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private Ltd

Research Associate from May 2005 to November 2005

Experience:

�

�

�

�

Amaresh Mishra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Manager Management

Bachelor of Engineering (Chemical)

Over 11 years of experience in Equities & Sales


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

Centre for Science and Environment

Trainee Researcher from July 2001 to July 2002

Experience:

�

�

Anitha Rangan

Vice President - Fixed Income

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

Over 10 years of experience in areas of research and risk


Associate Vice President - Investment Management, from February 2013 onwards

CRISIL Limited

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

Nomura Structured Financial Services

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

Lehman Brothers Structured Financial Services Analyst

Credit Research, from June 2006 to November 2008

Ambattur Clothing Limited

Executive - October 2002 to March 2004

Experience:

�

�

�

�

�


Funds Managed by Neelotpal Sahai.

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

SinceInception

HSBC Equity Fund - Growth

S&P BSE 200 (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

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

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

10,000, if invested in , would have become

$

`

`

` Nifty 50

14.12% 3.91% 39.29% 22.45%

10.80% 3.35% 41.56% 17.84%

13.65% 0.04% 37.80% 16.34%

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

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

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

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth


(Standard Benchmark)

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



$

Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

17.70% 6.18% 66.02% 17.00%

11.29% 3.47% 44.01% 13.95%

13.65% 0.04% 37.80% 13.11%

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

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

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

` ` ` `

` ` ` `

` ` ` `

10.85% 2.97% 32.09% 4.38%

10.80% 3.35% 41.56% 6.70%

13.65% 0.04% 37.80% 6.37%

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

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

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

` ` ` `

` ` ` `

` ` ` `

Past performance may or may not be sustained in the future. Refer note below.$The benchmark was changed to Nifty 50 w.e.f. 11th November, 2016 as a more suitable benchmark was identified which better matched the portfolio strategy. There hasbeen no change to investment management of the scheme. However the performance shown above is of HSBC Equity Fund with earlier Benchmark as S&P BSE 200.

$The benchmark was changed to S&P BSE 200 w.e.f. 11th November, 2016 as a more suitable benchmark was identified which better matched the portfolio strategy. There hasbeen no change to investment management of the scheme. However the performance shown above if of HSBC India Opportunities Fund with earlier benchmark, i.e. S&P BSE 500.

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

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


Data for the period October to September has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns are compounded annualised,other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark is prescribed by SEBI and is used forcomparison 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.

`

`


Funds Managed by - Anitha Rangan.

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08

Scheme Name & Benchmarks SinceInception

HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

19.18% -16.55% -1.38% 1.56%

9.81% -8.70% 5.68% 1.30%

13.65% 0.04% 37.80% 7.88%

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

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

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

` ` ` `

` ` ` `

` ` ` `


21

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) DividendYield Fund

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

Date of Inception : 06 May 11






Oct 15 -Sep 16

Oct 15 -Sep 16

Oct 14 -Sep 15

SinceInception

SinceInception

SinceInception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

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

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

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

MSCI AC World Index (Scheme Benchmark)


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

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

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

`

`

`

54.44% -47.70% -13.31% -7.20%

54.11% -47.52% -8.87% -11.81%

13.65% 0.04% 37.80% 8.46%

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

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

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

` ` ` `

` ` ` `

` ` ` `

19.53% -11.25% 4.00%

13.65% -16.85% -0.63%

13.65% 0.04% 13.56%

11,953 8,875 11,076

11,365 8,315 9,838

11,365 10,004 13,925

` ` `

` ` `

` ` `

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



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

`

`


Fund Managed by Gautam Bhupal and Amaresh Mishra.

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

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


HSBC Dividend Yield Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

11.80% 2.39% 50.15% 6.17%

10.80% 3.35% 41.56% 9.69%

13.65% 0.04% 37.80% 9.06%

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

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

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

` ` ` `

` ` ` `

` ` ` `


22

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

7.26% -0.83%

9.19% -1.92%

13.65% -1.03%

10,726 9,868

10,919 9,694

11,365 9,835

` `

` `

` `

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


HSBC Tax Saver Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

12.53% 8.19% 61.89% 11.90%

10.80% 3.35% 41.56% 8.61%

13.65% 0.04% 37.80% 8.23%

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

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

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

` ` ` `

` ` ` `

` ` ` `

Fund Managed by - Aditya Khemani.


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


Funds Managed by - Dhiraj Sachdev.

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth



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



$

Nifty 50

Nifty 50

`

`

`

-0.75% 11.71% 97.34% 5.46%

10.80% 3.35% 41.56% 10.58%

13.65% 0.04% 37.80% 10.24%

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

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

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

` ` ` `

` ` ` `

` ` ` `

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


HSBC Midcap Equity Fund - Growth

S&P BSE Midcap (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

15.12% 17.64% 124.15% 10.97%

21.70% 13.54% 69.05% 10.64%

13.65% 0.04% 37.80% 11.64%

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

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

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

` ` ` `

` ` ` `

` ` ` `



23

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

`

`

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep14

$The benchmark was changed to S&P BSE India Infrastructure Index w.e.f. 11th November, 2016 as a more suitable benchmark was identified which bettermatched the portfolio strategy. There has been no change to investment management of the scheme. However the performance shownabove is of HSBC Infrastructure Equity Fund with earlier benchmark, i.e. S&P BSE 200.

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


SinceInception

HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

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

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


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

`

`

`

`

14.10% 8.98% 16.57%

10.95% 5.17% 13.91%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

11,410 10,898 14,504

11,095 10,517 13,713

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

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




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

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


24

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

`

`

Oct 14 -Sep 15

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


SinceInception

HSBC Managed Solutions - Moderate - Growth

CRISIL Balanced Fund – Aggressive Index (Scheme Benchmark)



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

10,000,if investedinCRISILBalancedFund–AggressiveIndex,wouldhavebecome



`

`

`

`

13.19% 10.05% 15.03%

9.67% 4.51% 11.62%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

11,319 11,005 14,041

10,967 10,451 13,054

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

Oct 14 -Sep 15

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


SinceInception

HSBC Managed Solutions - Conservative - Growth




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




`

`

`

`

9.15% 10.66% 10.96%

11.46% 11.54% 12.36%

13.65% 0.04% 10.94%

11.26% 13.49% 12.08%

10,915 11,066 12,867

11,146 11,154 13,265

11,365 10,004 12,863

11,126 11,349 13,184

` ` `

` ` `

` ` `

` ` `

Oct 14 -Sep 15

25

HSBC Equity Fund


HSBC Dynamic Fund

Date of Inception : 10 Dec 02


Date of Inception : 24 Sep 07




1Year

1Year

1Year

3Years

3Years

3Years

5Years

5Years

5Years

SinceInception

SinceInception

SinceInception

Total amount invested ( )

Market Value as on September 30, 2016 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

$


Scheme Returns (%)





`

`

`

`

Market Value as on 30, 2016 ( )

S&P BSE 500 -

S&P BSE 500 -

Nifty 50 -

Nifty 50 -

September

$


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1660000

134901 433898 838258 5139133

23.79 12.51 13.34 15.08

131819 426260 832253 4476509

18.74 11.29 13.05 13.32

129332 407234 787459 4201946

14.72 8.17 10.82 12.51

120000 360000 600000 1520000

137164 468263 970923 4107197

27.53 17.84 19.33 14.65

132241 430054 839660 3348747

19.43 11.90 13.41 11.75

129332 407234 787459 3193318

14.72 8.17 10.82 11.07

120000 360000 600000 1090000

129780 417153 779826 1572852

15.44 9.81 10.43 7.87

131819 426260 832253 1793812

18.74 11.29 13.05 10.64

129332 407234 787459 1697606

14.72 8.17 10.82 9.48

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

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

`

`


Returns shown for Regular Plan - Growth Option




$The benchmark was changed to Nifty 50 w.e.f. 11th November, 2016 as a more suitable benchmark was identified which better matched the portfolio strategy.There has been no change to investment management of the scheme. However the performance shown above is of HSBC Equity Fund with earlier Benchmark,i.e. S&P BSE 200.

$The benchmark was changed to S&P BSE 200 w.e.f. 11th November, 2016 as a more suitable benchmark was identified which better matched the portfolio strategy.There has been no change to investment management of the scheme. However the performance shown above is of HSBC India Opportunities Fund with earlier benchmark,i.e. S&P BSE 500.


26

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 640000

160972 371557 543051 571090

68.94 2.06 -3.91 -4.20

163359 376383 536040 557357

73.26 2.91 -4.42 -5.09

129653 407556 787781 851177

15.26 8.16 10.83 10.62

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 310000

133679 NA NA 335223

21.89 NA NA 5.98

131744 NA NA 311380

18.71 NA NA 0.33

129653 NA NA 337143

15.26 NA NA 6.42

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1020000

134553 375117 649952 1199507

23.34 2.69 3.16 3.75

128906 370049 634181 1154336

14.11 1.80 2.19 2.87

129140 407103 786647 1605311

14.49 8.16 10.78 10.07


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

`

`

September






27

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1170000

135546 461010 954347 2462585

24.85 16.74 18.63 14.63

131819 426260 832253 1972541

18.74 11.29 13.05 10.35

129332 407234 787459 1868678

14.72 8.17 10.82 9.30

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

$

120000 360000 600000 1280000

127604 436785 852608 1842055

11.95 12.97 14.03 6.62

131819 426260 832253 2265371

18.74 11.29 13.05 10.28

129332 407234 787459 2150262

14.72 8.17 10.82 9.36

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1150000

133272 434375 845972 1859490

21.11 12.59 13.71 9.71

131819 426260 832253 1928838

18.74 11.29 13.05 10.44

129332 407234 787459 1826526

14.72 8.17 10.82 9.36



`

`

September





$The benchmark was changed to S&P BSE India Infrastructure Index w.e.f. 11th November, 2016 as a more suitable benchmark was identifiedwhich better matched the portfolio strategy. There has been no change to investment management of the scheme. However the performanceshown above is of HSBC Infrastructure Equity Fund with earlier benchmark, i.e. S&P BSE 200.


28

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

133897 NA NA 335713

22.16 NA NA 12.17

124201 NA NA 306451

6.55 NA NA 4.47

129653 NA NA 310490

15.26 NA NA 5.56

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


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

`


CRISIL Balanced Fund – Aggressive Index -

CRISILBalancedFund–AggressiveIndex-

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

132576 NA NA 335236

20.00 NA NA 12.04

129284 NA NA 319097

14.66 NA NA 7.85

129653 NA NA 310490

15.26 NA NA 5.56

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

September

120000 360000 600000 1370000

136555 527639 1152292 3149228

26.52 26.48 26.44 13.80

140915 511237 1023923 2926874

33.80 24.16 21.52 12.62

129332 407234 787459 2478104

14.72 8.17 10.82 9.93



`

`

September




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



29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 290000

127717 NA NA 325764

12.14 NA NA 9.59

123057 NA NA 317332

4.76 NA NA 7.38

129653 NA NA 310490

15.26 NA NA 5.56

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



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

September

120000 NA NA 190000

125916 NA NA 195185

9.31 NA NA 3.28

125829 NA NA 195090

9.17 NA NA 3.22

129429 NA NA 200954

14.93 NA NA 6.92



`

`

September




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

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

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

30

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30.11.16)

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIPExit Load

per unit


Yield To Maturity*

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 2.28%Direct Plan 1.78%Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.

Asset Allocation

Government Securities 51.09%

Corporate/ PSU Debt 24.40%

Equity 22.63%


Cash Equivalents 0.70%



* Based on investedAmount

FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY

Government Securities

Cash EquivalentsCBLO 188.52 0.68%Reverse Repos 5.74 0.02%Net Current Assets 328.22 1.18%Total Net Assets as on 30-Nov-2016 27,744.64 100.00%

Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,631.14 5.88% CRISIL AAAIndia Infradebt 1,027.85 3.70% CRISIL AAARural Electrification Corporation 966.45 3.48% CARE AAALIC Housing Finance 827.92 2.98% CRISIL AAAPower Grid Corporation of India 647.94 2.34% CRISIL AAARural Electrification Corporation 527.32 1.90% CRISIL AAAHDFC 510.53 1.84% CRISIL AAAPower Grid Corporation of India 211.97 0.76% CRISIL AAANABARD 154.14 0.56% CRISIL AAANTPC 143.81 0.52% CRISIL AAAPower Finance Corporation 122.71 0.44% CRISIL AAA

HDFC Bank 677.77 2.44%ICICI Bank 468.16 1.69%IndusInd Bank 287.96 1.04%The Ramco Cements 269.17 0.97%Ultratech Cement 245.03 0.88%Maruti Suzuki India 243.13 0.88%ITC 238.89 0.86%Hindustan Unilever 205.94 0.74%HDFC 205.89 0.74%SRF 196.87 0.71%Infosys 195.11 0.70%Torrent Pharmaceuticals 179.03 0.65%Crompton Greaves Cons Electrical 173.39 0.62%United Spirits 157.31 0.57%MRF 157.19 0.57%Axis Bank 154.11 0.56%Castrol India 150.83 0.54%Exide Industries 144.92 0.52%Sun Pharmaceuticals Ind 144.09 0.52%GlaxoSmithKline Consumer Healthcare 140.07 0.50%Oracle Financial Services Software 137.50 0.50%Gateway Distriparks 137.03 0.49%Somany Ceramics 126.60 0.46%LIC Housing Finance 124.17 0.45%Tata Consultancy Services 119.49 0.43%The Federal Bank 118.94 0.43%Heritage Foods 113.56 0.41%IRB Infrastructure Developers 104.44 0.38%OCL India 103.58 0.37%IPCA Laboratories 94.46 0.34%NCL Industries 93.08 0.34%Welspun India 85.82 0.31%Ahluwalia Contracts (India) 83.67 0.30%Karur Vysya Bank 77.63 0.28%The Jammu & Kashmir Bank 53.50 0.19%Hindustan Dorr-Oliver 34.95 0.13%Aditya Birla Fashion and Retail 32.04 0.12%

7.72% GOVT OF INDIA RED 25-05-2025 3,865.17 13.93% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 2,683.74 9.67% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 1,750.55 6.31% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 1,636.22 5.90% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 1,338.00 4.82% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 1,093.00 3.94% SOVEREIGN8.13% GOVT OF INDIA RED 22-06-2045 920.70 3.32% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 477.23 1.72% SOVEREIGN6.97% GOVT OF INDIA RED 06-09-2026 410.44 1.48% 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

26-Sep-16 0.06862 0.06357 13.625125-Oct-16 0.06862 0.06357 13.6752

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

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

25-Nov-16 0.07223 0.06692 13.6023

25-Jan-16 0.06862 0.06357 13.8945

26-Sep-16 0.20223 0.18737 13.7456

26-Sep-16 0.20223 0.18737 14.5395

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

Rating24-Feb-04

CRISIL MIP Blended Index

32.9803

10.35 years

6.60 years

27,763.94

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

6.81%

Rating Profile

Sovereign 51.09%

AAAand equivalents 24.40%

Equity 22.63%


Reverse Repos/ CBLOs 0.70%




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.


�

�

�



Low riskLOW RISK

(BLUE)



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

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

31

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.11.16


@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 1.84%Direct Plan 1.09%Excludes service tax on Investment Management fees of 0.16%of Total NetAssets.

Asset Allocation





Securitised Debt 0.02%


* Based on invested Amount

FUND PORTFOLIO

Securitised Debt

Corporate/ PSU Debt


Cash Equivalents

CBLO 355.54 6.06%




Investments - Asset Back Security


India MBS 2002 Series I 1.31 0.02% CRISIL AAA (SO)

Export Import Bank of India 571.84 9.75% CRISIL AAA

Power Grid Corporation of India 372.38 6.35% CRISIL AAA

LIC Housing Finance 206.98 3.53% CRISIL AAA

Rural Electrification Corporation 128.86 2.20% CARE AAA

Rural Electrification Corporation 93.06 1.59% CRISIL AAA

Power Grid Corporation of India 64.79 1.10% CRISIL AAA

7.72% GOVT OF INDIA RED 25-05-2025 872.78 14.88% SOVEREIGN







8.39% RAJASTHAN SDL RED 15-03-2026 218.60 3.73% SOVEREIGN

8.53% PUNJAB SDL RED 30-03-2022 74.84 1.28% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

27.8835

11.36 years

6.87 years

6.72%

5,693.25

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 68.92%



Net CurrentAssets 0.29% Dividend DeclarationRecord Date / periodof dividend declared




`

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

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

28-Mar-16 0.17334 0.16060 11.1594

27-Jun-16 0.17334 0.16060 11.1494

26-Sep-16 0.17334 0.16060 11.4814

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

32

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

.11.16


@


Regular 1.25%


Asset Allocation



Money Market Instruments 14.26%





FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt


Cash EquivalentsCBLO 7,438.77 2.53%Reverse Repos 226.32 0.08%Net Current Assets 6,171.30 2.13%Total Net Assets as on 30-Nov-2016 2,94,463.73 100.00%

Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

Axis Bank 9,806.30 3.33% CRISIL A1+State Bank of Patiala 4,976.49 1.69% [ICRA]A1+Axis Bank 4,976.25 1.69% CRISIL A1+Axis Bank 4,974.49 1.69% CRISIL A1+NABARD 4,938.16 1.68% CRISIL A1+NABARD 4,937.35 1.68% CRISIL A1+Andhra Bank 2,458.04 0.83% CARE A1+

Dalmia Cements (Bharat) 4,919.10 1.67% [ICRA]A1+

Rural Electrification Corporation 10,475.62 3.56% CARE AAALIC Housing Finance 10,235.31 3.48% CRISIL AAANabha Power 10,156.67 3.45% [ICRA]AAA(SO)HDFC Bank 7,810.26 2.65% CARE AAANabha Power 7,710.03 2.62% [ICRA]AAANABARD 7,678.32 2.61% CRISIL AAAIndian Railway Finance Corporation 5,719.97 1.94% CRISIL AAALIC Housing Finance 5,195.71 1.76% CRISIL AAANABARD 5,138.15 1.74% CRISIL AAANABARD 5,132.49 1.74% CRISIL AAAHDFC 5,112.35 1.74% CRISIL AAALIC Housing Finance 5,064.33 1.72% CRISIL AAATata Capital Financial Services 5,061.71 1.72% CRISIL AA+Shriram Transport Finance Company 5,061.58 1.72% CRISIL AA+Tata Capital Financial Services 5,008.97 1.70% [ICRA]AA+CLP Wind Farm India Pvt 4,075.46 1.38% Fitch AARural Electrification Corporation 3,629.95 1.23% CRISIL AAAShriram Transport Finance Company 3,532.42 1.20% CRISIL AA+Power Grid Corporation of India 3,262.27 1.11% CRISIL AAAHDFC 3,128.90 1.06% CRISIL AAAPower Finance Corporation 3,067.97 1.04% CRISIL AAAPower Finance Corporation 2,631.40 0.89% CRISIL AAAPower Finance Corporation 2,623.84 0.89% CRISIL AAAPower Finance Corporation 2,615.90 0.89% CRISIL AAALIC Housing Finance 2,587.47 0.88% CARE AAASmall Industries Development Bk of India 2,569.84 0.87% CARE AAASRF 2,557.64 0.87% Fitch AABajaj Finance 2,551.19 0.87% CRISIL AA+Nabha Power 2,548.60 0.87% [ICRA]AAA(SO)HDFC 2,547.66 0.87% CRISIL AAATata Capital Financial Services 2,536.78 0.86% CRISIL AA+LIC Housing Finance 2,533.14 0.86% CARE AAATata Capital Financial Services 2,521.46 0.86% CRISIL AA+Rural Electrification Corporation 2,255.05 0.77% CARE AAAPower Grid Corporation of India 2,073.02 0.70% CRISIL AAAHDFC 2,042.13 0.69% CRISIL AAAEast North Interconnection Company 2,010.76 0.68% CRISIL AAA (SO)Power Finance Corporation 1,564.98 0.53% CRISIL AAAIndia Infradebt 1,541.77 0.52% CRISIL AAAPower Finance Corporation 1,541.07 0.52% CRISIL AAASmall Industries Development Bk of India 1,275.62 0.43% CARE AAARural Electrification Corporation 1,056.99 0.36% CRISIL AAAPower Grid Corporation of India 1,051.71 0.36% CRISIL AAARural Electrification Corporation 1,033.97 0.35% CRISIL AAAEast North Interconnection Company 1,012.84 0.34% CRISIL AAA (SO)East North Interconnection Company 1,008.84 0.34% CRISIL AAA (SO)Rural Electrification Corporation 943.06 0.32% CRISIL AAATata Capital Financial Services 502.95 0.17% CRISIL AA+Cholamandalam Investment & Fin Co 355.62 0.12% [ICRA]AATata Capital Housing Finance 355.56 0.12% CRISIL AA+LIC Housing Finance 354.32 0.12% CARE AAAPower Finance Corporation 333.20 0.11% CRISIL AAAPower Grid Corporation of India 319.54 0.11% CRISIL AAAExport Import Bank of India 163.50 0.06% CRISIL AAASmall Industries Development Bk of India 112.58 0.04% CARE AAARural Electrification Corporation 70.61 0.02% CRISIL AAANABARD 10.23 0.00% CRISIL AAA

Sundaram BNP Paribas Home Finance 6,298.62 2.14% [ICRA]AA+Sundaram BNP Paribas Home Finance 6,289.96 2.14% [ICRA]AA+Cholamandalam Investment & Fin Co 4,519.20 1.53% [ICRA]AACholamandalam Investment & Fin Co 2,826.16 0.96% [ICRA]AA

7.72% GOVT OF INDIA RED 25-05-2025 8,673.60 2.95% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 6,363.00 2.16% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 6,132.50 2.08% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 6,061.83 2.06% SOVEREIGN8.21% RAJASTHAN SDL RED 31-03-2019 5,178.73 1.76% SOVEREIGN8.39% RAJASTHAN SDL RED 15-03-2026 3,279.00 1.11% SOVEREIGN6.97% GOVT OF INDIA RED 06-09-2026 3,157.20 1.07% SOVEREIGN8.27% RAJASTHAN SDL RED 23-06-2022 2,649.77 0.90% SOVEREIGN8.53% JHARKHAND SDL RED 30-03-2022 1,069.18 0.36% SOVEREIGN8.53% PUNJAB SDL RED 30-03-2022 1,069.18 0.36% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

26.6583

3.14 years

2.44 years

6.98%

2,91,575.95

Sanjay Shah &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 18.36%

Sovereign 14.81%







`

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

26-Sep-16 0.05485 0.05082 11.295825-Oct-16 0.04576 0.04239 11.2885

26-Sep-16 0.56521 0.52366 12.046525-Oct-16 0.05222 0.04838 11.3419

25-Nov-16 0.05577 0.05167 11.4221

25-Nov-16 0.06262 0.05802 11.4766

27-Jul-15 0.05814 0.05387 12.0045

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

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


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over Mediumterm

• Investment in diversifiedportfolio of fixed incomesecurities

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



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Cash Fund (HCF)An Open Ended Liquid Scheme

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

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 30 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit

.11.16


@

Asset Allocation

Money Market Instruments 64.95%Cash Equivalents 16.72%Fixed Deposit 9.24%Treasury Bill 9.20%Net CurrentAssets -0.11%



FUND PORTFOLIO


Fixed Deposit

Treasury Bill

Cash Equivalents

CBLO 35,113.15 16.22%

Reverse Repos 1,068.28 0.49%


Total Net Assets as on 30-Nov-2016 2,16,453.48 100.00%


Commercial Paper

Fixed Deposit

Punjab & Sind Bank 9,993.05 4.62% [ICRA]A1+

Canara Bank 9,976.47 4.61% CRISIL A1+

Andhra Bank 9,884.63 4.57% CARE A1+

Axis Bank 4,983.48 2.30% CRISIL A1+

IDBI Bank 2,469.10 1.14% CRISIL A1+


Shapoorji Pallonji and Company Pvt. 10,474.34 4.84% [ICRA]A1+

India Infoline Housing Finance 9,959.42 4.60% CRISIL A1+

AU Financiers India 9,947.99 4.60% Fitch A1+

Edelwiess Commodities Services 9,898.81 4.57% CRISIL A1+

STCI Finance 7,480.33 3.46% CRISIL A1+

Indiabulls Housing Finance 7,392.30 3.42% CRISIL A1+

JK Tyre & Industries 7,384.81 3.41% CARE A1+

Arvind 4,975.18 2.30% CARE A1+

Arvind 4,953.85 2.29% CARE A1+

JM Financial Products 4,944.43 2.28% [ICRA]A1+

JM Financial Products 4,925.59 2.28% [ICRA]A1+

PTC India Financial Services 2,496.26 1.15% CRISIL A1+

Indiabulls Housing Finance 2,491.76 1.15% CRISIL A1+

Bajaj Finance 2,489.89 1.15% CRISIL A1+

JK Lakshmi Cement 2,474.51 1.14% CARE A1+

UCO Bank 10,000.00 4.62% Fixed Deposit

Abu Dhabi Commercial Bank 10,000.00 4.62% Fixed Deposit

91 DAYS TREASURY BILL RED 29-12-2016 19,908.37 9.20% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1582.7079

0.08 years

0.08 years6.56%

2,10,279.59

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment,

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile

AAAand equivalents 64.95%Reverse Repos/ CBLOs 16.72%Fixed Deposit 9.24%Sovereign 9.20%Net CurrentAssets -0.11%





`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

26-Sep-16 4.32133 4.00363 1006.2333

25-Oct-16 3.92187 3.63354 1005.6803

26-Sep-16 4.36139 4.04074 1006.6555

25-Oct-16 3.95833 3.66732 1006.0974

25-Nov-16 4.18703 3.87920 1006.0474

25-Nov-16 4.21080 3.90123 1006.4680

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%


33

Investors understand that their principalwill be at low risk

Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in Money Market

Instruments

HSBC Cash Fund (HCF)



�

�

�



Low riskLOW RISK

(BLUE)



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

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

34

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.11.16


@

Asset Allocation


Money Market Instruments 46.84%




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


FUND PORTFOLIO


Corporate/ PSU Debt

Cash Equivalents

CBLO 556.40 1.19%





Commercial Paper


Zero Coupon Bonds

NABARD 2,469.08 5.27% CRISIL A1+

Corporation Bank 2,466.06 5.27% CRISIL A1+

Export Import Bank of India 2,463.36 5.26% CRISIL AAA

Small Industries Development Bk of India 2,459.39 5.25% CARE A1+

Andhra Bank 2,381.79 5.09% CARE A1+

IndusInd Bank 2,379.11 5.08% CRISIL A1+

Axis Bank 2,357.79 5.04% [ICRA]A1+

Shapoorji Pallonji and Company Pvt. 2,493.89 5.33% [ICRA]A1+


Rural Electrification Corporation 2,554.62 5.46% CARE AAA

CLP Wind Farm India Pvt 2,529.48 5.40% Fitch AA

Cholamandalam Investment & Fin Co 2,528.63 5.40% [ICRA]AA

Indiabulls Housing Finance 2,515.77 5.37% CARE AAA

Tata Capital Financial Services 2,011.79 4.30% CRISIL AA+

Shriram City Union Finance 2,007.05 4.29% CARE AA+

Shriram Transport Finance Company 1,513.90 3.23% CRISIL AA+

HDFC 1,021.54 2.18% CRISIL AAA


Shriram Transport Finance Company 1,012.33 2.16% CRISIL AA+

East North Interconnection Company 761.38 1.63% CRISIL AAA (SO)

Power Finance Corporation 513.02 1.10% CRISIL AAA




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

14.0886

0.73 years

0.67 years6.88%

48,079.38

Piyush Harlalka &Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 29.60%







`

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

26-Sep-16 0.04915 0.04554 10.1948

25-Oct-16 0.04238 0.03926 10.1855

25-Jul-16 0.05459 0.05057 10.2553

25-Oct-16 0.04802 0.04449 10.3962

25-Nov-16 0.06361 0.05894 10.2149

28-Jan-11 0.04829 0.04501 10.3821

25-Feb-11 0.04125 0.03845 10.3741

25-Mar-11 0.05214 0.04859 10.3865

25-Nov-16 0.07000 0.06486 10.4266



Regular 1.00%

Direct Plan 0.20%


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

Market Instruments

HSBC Ultra Short Term Bond Fund (HUSBF)


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

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

35

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.11.16


@

Asset Allocation







FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 2,156.66 4.67%





Power Grid Corporation of India 2,287.48 4.95% CRISIL AAA

Power Grid Corporation of India 1,987.01 4.30% CRISIL AAA

LIC Housing Finance 1,552.35 3.36% CRISIL AAA

Rural Electrification Corporation 1,481.89 3.21% CARE AAA

Rural Electrification Corporation 930.57 2.01% CRISIL AAA

7.72% GOVT OF INDIA RED 25-05-2025 7,730.35 16.73% SOVEREIGN






8.53% BIHAR SDL RED 30-03-2022 2,138.36 4.63% SOVEREIGN

8.39% RAJASTHAN SDL RED 15-03-2026 874.40 1.89% SOVEREIGN


8.53% PUNJAB SDL RED 30-03-2022 459.75 1.00% SOVEREIGN


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

22.7321

11.56 years

7.05 years

6.71%

45,561.53

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 77.47%








`

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

26-Sep-16 0.11661 0.10804 10.7465

25-Oct-16 0.03997 0.03703 10.6404

28-Mar-16 0.18057 0.16729 11.7472

27-Jun-16 0.18057 0.16729 11.7456

28-Mar-16 0.18057 0.16729 12.0925

27-Jun-16 0.18057 0.16729 12.1211

28-Sep-15 0.36113 0.33458 12.3102

28-Mar-16 0.36113 0.33458 12.1335

28-Sep-15 0.36113 0.33458 11.6860

28-Mar-16 0.36113 0.33458 11.5335

25-Nov-16 0.32168 0.29803 11.0304

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

26-Oct-15 0.11441 0.10600 10.8719

25-Mar-15 0.18147 0.16829 12.2052

25-Jun-15 0.18057 0.16729 11.8869

26-Sep-16 0.36113 0.33458 12.5188

26-Sep-16 0.36113 0.33458 11.9179

28-Sep-15 0.18057 0.16729 11.9644

26-Sep-16 0.18057 0.16729 12.1092

26-Sep-16 0.18057 0.16729 12.5281

14-Sep-12 0.35236 0.30201 11.4315

15-Mar-13 0.35236 0.30201 11.6629



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


36

HSBC Monthly Income Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

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

Sanjay Shah (from 09 January 2009)

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

Kapil Punjabi (from 14 March 2014)

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

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 17 years of experience in research and risk


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

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

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 10 years of experience in research and Fund Management

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

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

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

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

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

�

�

�

�

�

Piyush Harlalka

Vice President & Fund Manager – Fixed Income

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

Experience:

Over 10 years of experience in research

HSBC Asset Management (India) Private Limited,

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

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

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

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

to October 2010;

Research Analyst from July 2007 to November 2008.

Batlivala & Karanai Securities Pvt. Ltd. ,

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

�

�

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

Funds Managed by - Sanjay Shah.

HSBC MIP - Regular Plan

HSBC MIP - Savings Plan





SinceInception

SinceInception

HSBC MIP - Regular Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)

Crisil 1 Year T-Bill Index (Standard Benchmark)


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

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

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


`

`

`

`

HSBC MIP - Savings Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)



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

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



`

`

`

`

8.10% 10.44% 14.53% 8.20%

11.19% 10.67% 15.20% 8.09%

7.34% 8.83% 8.21% 5.97%

11.26% 13.49% 6.58% 5.70%

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

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

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

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

` ` ` `

` ` ` `

` ` ` `

` ` ` `

9.15% 10.58% 19.30% 9.78%

11.19% 10.67% 15.20% 8.09%

7.34% 8.83% 8.21% 5.97%

11.26% 13.49% 6.58% 5.70%

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

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

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

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

` ` ` `

` ` ` `

` ` ` `

` ` ` `




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

`

`

Comparative Performance of Debt Schemes

37

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

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


HSBC Income Fund - Investment Plan - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

9.12% 12.19% 8.41% 7.38%

11.53% 12.45% 11.46% 6.86%

11.26% 13.49% 6.58% 6.25%

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

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

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

` ` ` `

` ` ` `

` ` ` `

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

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

October to September`

`

HSBC Flexi Debt Fund Date of Inception: 05 Oct 07


HSBC Flexi Debt Fund - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

9.10% 12.66% 8.44% 9.03%

11.53% 12.45% 11.46% 8.08%

11.26% 13.49% 6.58% 7.24%

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

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

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

` ` ` `

` ` ` `

` ` ` `



38

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


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

8.32% 9.41% 9.34% 7.18%

9.32% 9.85% 10.06% 7.17%

7.34% 8.83% 8.21% 5.92%

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

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

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

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Sanjay Shah & Piyush Harlalka.

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

HSBC Cash Fund@ Date of Inception: 04 Dec 02


Oct 14 -Sep 15

Oct 13 -Sep 14

SinceInception

HSBC Cash Fund - Growth

Crisil Liquid Fund Index (SchemeBenchmark)

Crisil 91 Day T-Bill Index (StandardBenchmark)

`

`

`

10,000, if invested in HCF, would havebecome

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

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

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


HSBC Ultra Short Term Bond Fund - Growth



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



`

`

`

7.74% 8.67% 9.40% 8.57%

7.84% 8.66% 9.54% 8.63%

7.34% 8.83% 8.21% 7.54%

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

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

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

` ` ` `

` ` ` `

` ` ` `


Last 7 Daysas on 30Sep 2016

Last 15 Daysas on 30

2016Sep

Last 30 Daysas on 30

2016Sep

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

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

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

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

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

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

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


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

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

October to September`

`


39

Fund Managed by - Piyush Harlalka & Kapil Punjabi.

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

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

Fund Managed by - Kapil Punjabi.

Oct 15 -Sep 16

Oct 14 -Sep 15

Oct 13 -Sep 14

Fund Manager

ApplicationAmount for Fresh Subscription

MinimumAdditionalAmount

Yield to Maturity

SIP

NAV

Benchmark

Entry Load

Exit Load

Modified Duration

Standard Deviation

Sharpe Ratio

Beta

AUM

Holdings

Nature of Scheme

Rating Profile

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

`

`

th

`

`

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

Section II - How to read Factsheet

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.

022-4002 9600

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

HSBCAsset Management (India) Private Limited,

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

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

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

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

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

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

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

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

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

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

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

Statutory Details & Disclaimers

the asset · 2016-12-21 · after two consecutive months of decline, india's industrial growth...

Documents