the asset factsheet june 2019...market view there are near term challenges for the economy in the...

The AssetFactsheet – June 2019

Index

Fund Manager Commentary

HSBC Mutual Fund Products

HSBC Large Cap Equity Fund

HSBC Large and Mid Cap Equity Fund

HSBC Multi Cap Equity Fund

HSBC Small Cap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Equity Hybrid Fund

HSBC Global Emerging Markets Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Brazil Fund

HSBC Global Consumer Opportunities Fund

HSBC Managed Solutions India - Growth - Moderate - Conservative

Comparative Performance of Equity Schemes

SIP Performance of Equity Schemes

Fund Manager Equity And Debt

HSBC Overnight Fund

HSBC Cash Fund

HSBC Low Duration Fund

HSBC Short Duration Fund

HSBC Debt Fund

HSBC Flexi Debt Fund

HSBC Regular Savings Fund

Comparative Performance of Debt Schemes

Section II - How to read Factsheet

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Full fledged Union Budget presented on 6 July, focused on fiscal prudence combined with sustainable goals on economic growth.

Global equity market sentiments were upbeat but India underperformed

Monsoon season has started on a weak note

Broader market indices continued to underperform

Equity Markets

S&P BSE Sensex TR 57192 -0.5% 9.9%

Nifty 50 TR 16434 -0.9% 9.2%

S&P BSE 200 TR 5863 -1.0% 6.5%

S&P BSE 500 TR 18163 -1.3% 5.7%

S&P BSE Midcap TR 17591 -1.8% -3.7%

S&P BSE 250 Smallcap TR 16759 -4.2% -3.0%

NSE Large & Midcap 250 TR 7266 -1.2% 3.9%

S&P BSE India Infrastructure Index TR 258 -1.2% 7.6%

MSCI India USD 597 -0.5% 7.0%

MSCI India INR 1336 -1.4% 5.8%

INR - USD 69 -1.0% -1.1%

Crude Oil 67 3.2% 23.7%

Domestic

IndicesLast

Close1 Month (Change

in %)

CYTD (Change

in %)

Equity Market Indices Market Review

Recap

FUND MANAGER COMMENTARY

Market sentiments remained weak during the month owing to domestic growth slowdown concerns as well as lingering effects of NBFC liquidity crisis. Global equity markets surged in June while Indian equity indices showed divergent trends owing to the subdued sentiments. The broader market indices continued to underperform the large cap indices with the BSE Smallcap index being the worst performer during the month.

The improved sentiments after the decisive election mandate in May failed to gather momentum as defaults by certain leveraged corporate entities and economic slowdown concerns impacted market sentiments adversely. The high frequency data releases also suggest sluggishness in the overall demand scenario, especially in the auto sales numbers. The monsoon season has started on a weak note with deficient rainfall in June and this will be closely monitored in the context of the rural demand scenario. The monsoon trends are expected to pick up in July as the IMD has stuck to their earlier estimate of a normal rainfall during this southwest monsoon season.

Among the macro data releases during the month, the IIP growth showed an uptick (3.4% YoY) and came better than market expectation. IIP data however has remained volatile and hence consistency with respect to improvement trends will be keenly followed. Inflation data remained stable while core inflation showed some trends of moderation. RBI had earlier in the month reduced the policy rate by 25 bps and has indicated a pro-growth stance considering the economic slowdown issues. Market is expecting further monetary easing in the near term in-order to spur growth.

FII net inflows for the month moderated (USD 150 mn) but on a CYTD basis, the net inflows tally stands at an impressive USD 11.3 bn. The DII net inflows remained steady but domestic insurers saw net outflows during the month.

01

Global Market Indices

MSCI World 2,178 6.5% 15.6%

Dow Jones 26,600 7.2% 14.0%

S&P 500 2,942 6.9% 17.3%

MSCI EM 1,055 5.7% 9.2%

MSCI Europe 1,683 6.5% 13.2%

MSCI UK 1,134 4.7% 9.8%

MSCI Japan 3,128 3.6% 6.5%

MSCI China 79 7.3% 11.5%

MSCI Brazil 2,219 6.1% 14.1%

International (in USD)

Indices Last Close

1 Month (Change

in %)

CYTD (Change

in %)

Global Market Update

Global equity markets rallied on the back of dovish commentaries from key central banks as well as expectation of ease in trade tensions with bilateral talks between the US & China in the anvil. In the US, although the Federal Reserve kept the interest rates on hold, the commentary provided strong indication of lower rates in the near term. Meanwhile, ECB also hinted about the likelihood of an additional stimulus programme depending on the future data points.A geopolitical scare emerged during the month owing to a standoff between US and Iran. Even as the oil prices spiked as a result of this developing tension, the scenario did not escalate further, though the fall-outs from this event will be closely followed.

FII flows MF Insurance DII flows (MF+Insurance)

0.151.42

2.92

11.19

-4.56

0.52 0.75-0.60 -1.64

15.90

-10

-5

0

5

10

15

20

Jun-19 May-19 Apr-19 CYTD 2019 CY 2018

US

D b

n

FII & DII inflows

Market View

There are near term challenges for the economy in the form of growth slowdown, lingering impact of the NBFC liquidity crisis and sluggish demand / consumption trends. GDP growth, employment data and other high frequency indicators have been patchy with signs of slowdown. The private capital expenditure has been significantly weak or absent and this has further complicated the growth recovery expectation as well as the timeline. As a result, much will hinge around government actions going forward.

Looking ahead, we largely expect the government to follow the same path of steady incremental reforms in the fresh term as well and do not assume the scenario of any big bang reforms in the base case. We believe that the focus of the new government will be on efficiently implementing and executing existing policy initiatives and projects, be it the IBC, the GST, real estate reforms, focus on housing, infrastructure spends, revival of Public Sector Banks, among others. Government is expected to focus on the issue of unemployment by spurring the job creating segments such as the real estate sector. There could also be more emphasis on improving and efficiently implementing the Direct Benefit Transfer (DBT) programme and increasing the scope for the rural income support scheme announced in the interim budget.

Along with a pro-growth fiscal approach, we expect a continued accommodative stance from the RBI and the rate easing cycle is expected to continue with more emphasis on transmission at the ground level. These actions should aid in gradually improving the economic sentiments and growth. The monsoon rainfall trends will be closely monitored given the weak start in June as this is very important from a rural demand scenario point of view.

The equity market performance has continued to exhibit a bipolar trend with the benchmark indices trading quite strong compared to a weak performance from the broader market indices especially the mid and smallcap indices. While we were expecting the broader market performance to improve, the weak economic growth and demand trends have delayed that process. Even within the largecap indices, the concentrated nature of the performance has continued with a few stocks disproportionately contributing the overall index performance. This trend is also may not reverse in a hurry unless we see improved sentiments around growth. On the corporate earnings side, the trends have been encouraging in the past few quarters and we expect an improvement in FY20 as well. However, the Nifty valuations at 18.7x for FY20 is on the back of 25%+ earnings growth and hence there is some risk of downward revision in those estimates through the year. However, the earnings delivery for Nifty is likely to see a mid to high teens growth in FY20, which is still on a path of recovery.

We expect the market to remain range bound in the near term as the focus now shifts to measures taken by the government to revive growth as well as the timeline for the economic recovery. After the underperformance phase of almost 18 months now, the valuations of midcap and smallcap names have now become very compelling compared to large caps. However, an upside from these levels (for mid & smallcap names) are largely dependent on the broader economic recovery but that process may be more gradual in nature. On the other hand, while the valuations of the large caps appear in the fair zone given that they are trending slightly higher than their historical averages. However, despite the growth moderation in the economy, the large caps are expected to exhibit stable earnings delivery and hence the preference for large caps and within that, those names with strong earnings visibility is likely to continue.

Valuations

Currently, the NSE Nifty 50 index is trading at ~18.7x / ~16.1x FY20/21 forward consensus earnings expectations.

Key Factors To Consider

1QFY20 earnings season will kick start from the second week of July. Progress of the monsoon rainfall will be another factor to track. On the global front, the US – China trade talks will be keenly followed. Other key global events to track would be the US Fed interest rate decisions, crude oil price dynamics and Brexit newsflows.

Source – Bloomberg, * Returns mentioned in the report are the Total Return or TR variants of the respective indices

Portfolio Strategy and Update

In the large cap and multi cap portfolios, we are overweight on private financials and select domestic demand ideas and underweight on private capex, auto and staples. Taking a cue from the recent government proposals, there have been measures aimed at providing impetus to consumption and that should augur well in the context of the current portfolios’ positioning. We also have exposure to the housing theme and select real estate names; two other segments that should benefit from the government proposals as well some recent policy decisions, which will be taken forward by the new cabinet as well. In the backdrop of the stark underperformance in the mid and small cap indices to that of large cap indices over the past 18 months or so. If the global crude oil prices are to stay within a range coupled with a stable INR, the margin performance of the mid and small caps names could see improvement in the coming quarters. The small cap strategy continues to be more bottom up and the sharp correction in some of the small and midcap names during the year has thrown up some good investment opportunities, which are now available at more reasonable valuations.

Overweight Underweight Neutral

#The benchmark for HSBC Large Cap Equity Fund and HSBC Multi Cap Equity Fund have changed 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.

Source – Bloomberg, * Returns mentioned in the report are the Total Return or TR variants of the respective indices

Sector Allocation

02

Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Communication Services

Utilities

Sector HSBC Large Cap Equity Fund #

HSBC Multi CapEquity Fund #


03

Debt Markets

Consumer Price Index or CPI

India CPI inflation came in line with consensus expectations at

3.05% y-o-y. Core inflation continued to see broad-based

deceleration, declining to 4.2% v/s 4.5%. Food prices inched up in

line with seasonal trends, particularly in vegetables leading food

inflation to 1.8% y-o-y v/s 1.1% in April. Overall inflation continues to

be comfortable despite further uptick expected in food inflation in the

next month while core should continue to trend lower.

Markets

Post-policy rate cut and the change in stance to accommodative has led to fixed income markets trading with a positive bias. The market was also support by

declining oil prices, positive movement in currency (INR). Net FII flows have been positive post-election. Towards the end of the month, there had been some

nervousness around fiscal deficit and increased borrowing. News flow around postponement of submission of RBI panel report on transfer of reserves also

weighed negatively. Going forward, an accommodative policy action by the central bank in the midst of a tepid growth should be the key driver for rates. Alongside

markets will also be impacted by the direction of crude, currency movement and global rates.

Union Budget

Union Budget announced on 5 July 2019, presented a balanced picture imbibing prudence and not deviating from fiscal deficit versus a temptation to boost

consumption when growth environment is tepid. While maintaining the borrowing plan outlined in the interim budget in Feb, the key positive for fixed income

markets was the prospect to explore overseas markets via sovereign issuance. This is a welcome move as it removes the “crowding out” overhang of government

borrowing and will make way for investment capital in the domestic market.

Improving the near term growth trajectory

• NBFCs: One time 6 month credit guarantee (10% of exposure) to PSU banks for purchase of high rated NBFC asset pools amounting to INR 1 tn

• PSB recapitalization: Recapitalisation of PSU banks to the tune of INR 700 bn, which is better than expectations and will improve credit growth.

• Housing sector: Additional Income Tax deduction of INR 150,000 (total INR 350,000) on interest expense on loans for the purchase of homes costing upto INR

4.5 mn (for loans taken in FY20)

Liquidity

Liquidity has largely been in surplus mode with RBI OMOs (Open Market Operations), FII flows and government spending. Going forward, liquidity may remain in

the neutral to surplus territory supported by RBI actions and government spending.

IIP

April 2019 IIP growth improved to 2.4% y-o-y, upwardly revised from

0.1% in March. With improvement across all segments (consumer

durables, non-durables and capital goods).

Infla

tion G

row

th(%

)

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

CPI Inflation (%)

Jul-16

Oct

-16

Jan-1

7

Apr-

17

Jul-17

Oct

-17

Jan-1

8

Apr-

18

Jul-18

Oct

-18

Jan-1

9

Apr-

19

Jun-1

9

4

5

6

7

8

9

10 Repo Rate (%)

Gro

wth

(%)

Index of Industrial Production (IIP)* new series data

-1

4

9

14

May-

14

Aug-1

4

Nov-

14

Feb-1

5

May-

15

Aug-1

5

Nov-

15

Feb-1

6

May-

16

Aug-1

6

Nov-

16

Feb-1

7

May-

17

Aug-1

7

Nov-

17

Feb-1

8

May-

18

Aug-1

8

Nov-

18

Feb-1

9

Apr-

19

Jul-11

Dec-

11

May-

12

Oct

-12

Mar-

13

Aug-1

3

Jan-1

4

Jun-1

4

Nov-

14

Apr-

15

Sep-1

5

Feb-1

6

Jul-16

Dec-

16

May-

17

Oct

-17

Mar-

18

Aug-1

8

Jan-1

9

Jun-1

9

Rate

(%

)

04

This document provides a high level overview of the recent economic environment. It is for marketing purposes and does not constitute investment research,

investment advice or a recommendation to any reader of this content to buy or sell investments. It has not been prepared in accordance with legal requirements

designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of its dissemination.

Key rates (in %) Current Previous week

Previous month

3M T-Bill 5.97 5.93 6.03

1Y G-Sec 6.16 6.12 6.19

3YG-Sec 6.59 6.57 6.65

5Y G-Sec 6.74 6.76 6.82

10Y G-sec 6.85 6.88 6.98

Corporate Bonds

AAA 5Yr Corp Bond 7.93 7.95 7.82

AAA 10yr Corp Bond 7.72 7.57 7.47

Forex

Forex Reserve ($ MN) 426416 N/A 414147

Oil

Movement in oil prices was largely driven by global factors viz. trade

tensions between US and China, global growth, tensions in the middle-

east viz. Iran and so on. Towards the second half of the month, we saw a

rally in crude with news of resuming talks between US and China.

Currency

USD-INR movement has largely range bound. Post Federal Reserve

meeting, rupee appreciated in line with generalised weakness in dollar

but underperformed relative to other currencies v/s dollar as crude price

increase partly offset the positive from weakness in dollar.

GST

GST collections in the month of June (for may) came in at INR 999 bn, a

tad lower than the INR 1 trillion cut off and below the last three months

collections of above INR 1 trillion. While lower collection could result in

lower than expected revenues and cut on expenditure, perhaps one

month lower collection might not represent the entire picture. However, it

adds to the nervousness around the ability to meet fiscal deficit targets of

3.4% of GDP.

Going Forward

Another rate cut with change in stance and a unanimous decision clearly indicates an accommodative policy approach to support growth as inflation trends are

largely in line with the expectations. The key risk factor at this point is any deviation from budgeted borrowing numbers driven by higher fiscal deficit. In addition

global factors such as trade tensions and oil will continue to impact rates. However offsetting factors could be support from RBI OMOs and swaps, which should

also be supportive to maintain a neutral to positive liquidity. In addition, market will also watch the developments around RBI decision on transfer of its surplus

reserves to the government.

Source: Bloomberg, for all data except where mentioned otherwise

Debt Market Indices

Key Rates Latest Month Ago

3 Months Ago

Mibor 5.93 5.90 6.00

Call Rate 5.90 5.80 6.00

Repo rate 5.75 5.75 6.00

1Y OIS 5.62 5.61 5.77

5Y OIS 5.65 5.66 5.81

Pursuant to the circular issued by Securities and Exchange Board of India(SEBI) on ‘Categorization and Rationalization of Mutual Fund Schemes’in order to bring uniformity in the practice and standardize the scheme categories across the Mutual Funds, placed below is the HSBC Mutual Fund’s product spectrum, effective from 14th March,2018.

Equity Schemes

HSBC Mutual Fund Products

Scheme Benchmark

HSBC Managed Solutions India -

Growth

Fund of Funds (Overseas/Domestic) Composite Index constituting 80% of

S&P BSE 200 Index TRI and 20% of CRISIL

Composite Bond Index.


(Previous Name - HSBC Equity Fund)

Large Cap Fund – An open ended equity

scheme predominantly investing in largecap

stocks.

Large Cap Fund

(Previous Category - Large cap equity scheme)

Nifty 50 TRI


(Previous Name - HSBC Midcap

Equity Fund)

Small Cap Fund - An open ended equity scheme

predominantly investing in small cap stocks

Small Cap Fund

(Previous Category - Mid-cap Equity Scheme)

S&P BSE 250 Small Cap Index TRI

(Previous Benchmark - S&P BSE Midcap Index)


(Previous Name - HSBC India

Opportunities Fund)

Multi Cap Fund - An open ended equity

scheme investing across large cap, mid cap,

small cap stocks

Multi cap Fund

(Previous Category - Flexi-Cap Equity Scheme)

S&P BSE 200 TRI

HSBC Tax Saver Equity Fund An open ended equity linked saving scheme

with a statutory lock-in of 3 years and tax benefit

Equity Linked Savings Scheme S&P BSE 200 TRI

HSBC Infrastructure Equity Fund An open ended equity scheme following

Infrastructure theme.

Thematic Fund

(Previous Category - Equity Scheme)

S&P BSE India Infrastructure Index TRI

HSBC Large and Mid Cap

Equity Fund

Large & Mid Cap Fund NIFTY Large Midcap 250 TRI

HSBC Brazil Fund


(Previous Name - HSBC Emerging

Markets Fund)

HSBC Asia Pacific (Ex Japan)

Dividend Yield Fund

HSBC Global Consumer

Opportunities Fund

An open ended fund of fund scheme investing in

HSBC Global Investment Funds - Global

Emerging Markets Equity Fund

An Open Ended Fund of Funds Scheme investing

in HSBC Global Investments Fund - (HGIF)

Asia Pacific Ex Japan Equity High Dividend Fund

An Open-Ended Fund of Funds Scheme

investing in HSBC Global InvestmentsFund

- (HGIF) Brazil Equity Fund

An Open Ended Fund of Funds Schemeinvesting

HSBC Global Investment Funds (HGIF) China

Consumer Opportunities Fund

Fund of Funds (Overseas)

(Previous Category - Fund of Funds)







MSCI Emerging Markets Index TRI

MSCI AC Asia Pacific ex Japan TRI

MSCI Brazil 10/40 Index TRI

MSCI AC World Index TRI

Category Type


Conservative


Moderate

An Open Ended Fund of Funds Scheme

investing in a basket of equity, debt, Gold and

other Exchange Traded Funds







Fund of Funds (Overseas/Domestic)

Fund of Funds (Domestic) Composite Index constituting of 90% of

CRISIL Composite Bond Index and 10%

of S&P BSE 200 Index TRI.

^£CRISIL Hybrid 35+65 - Aggressive Index

(renamed from existing CRISIL Balanced

Fund Aggressive Index)


(Previous Name - HSBC Monthly #Income Plan)

An open ended Hybrid Scheme investing

predominantly in debt instruments.

Conservative Hybrid Fund

(Previous category - Income Scheme)

^£# CRISIL Hybrid 85+15 - Conservative Index

(renamed from existing MIP Blended Fund

Index)

A customized index with 70% weight to S&P

BSE200 TRI and 30% weight to CRISIL

Composite Bond Fund Index

HSBC Debt Fund

(Previous Name - HSBC Income Fund

- Investment Plan)


(Previous Name - HSBC Income Fund

- Short Term Plan)

An open ended Dynamic Debt Scheme

investing across duration

An open ended Medium to Long Term Debt Scheme investing in instruments such that the

^^Macaulay duration of the portfolio is between 4 years to 7 years.

An open ended Short Term Debt Scheme ^^investing in instruments such that the Macaulay

duration of the portfolio is between 1 year to

3 years.

Medium to Long Duration Fund

(Previous category - Income Scheme)

Short Duration Fund

(Previous category - Short Term Plan)

Dynamic Bond Fund

(Previous category - An open - ended Debt

Scheme)

CRISIL Composite Bond Fund Index

CRISIL Short Term Bond Fund Index


(Previous Name - HSBC Ultra Short

Term Bond Fund)

An open ended Low Duration Debt Scheme ^^investing in instruments such that the Macaulay

duration of the portfolio is between 6 months to

12 months.

Low Duration Fund

(Previous category - Debt Fund)

^£CRISIL Low Duration Debt Index (Previously

named as CRISIL Ultra Short Term Debt Index)

(Previous benchmark CRISIL Liquid Fund Index

- 90%, CRISIL Short Term Bond Fund Index

CRISIL Composite Bond Fund Index

^Debt Allocation of 85% and 35% in respective indices represented by CRISIL Composite Bond Index. £ The equity component of the Index has been changed from Nifty 50 to S&P BSE - 200 and will be represented by Total Return variant of S&P BSE - 200 TRI.# Monthly income is not assured and is subject to the availability of distributable surplus.^^The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price.

Criteria for Large, Mid & Small companies -SEBI has demarcated the definitions of large cap, mid cap and small cap companies as given below.Large Cap: 1st -100th company in terms of full market capitalization, Mid Cap: 101st -250th company in terms of full market capitalization, Small Cap: 251st company onwards in terms of full market capitalization of large/mid/small cap companiesNote - A list of stocks as per above criteria will be uploaded on AMFI website and updated every six months by AMFI.

Scheme Benchmark

HSBC Equity Hybrid Fund An open ended Hybrid scheme investing

predominantly in equity and equity related

instruments

Aggressive Hybrid fund

Hybrid Scheme

Other Schemes

Debt Schemes


05

Large & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid capstocks

HSBC Cash Fund An Open Ended Liquid Scheme Liquid Fund CRISIL Liquid Fund Index

HSBC Overnight Fund An open ended debt scheme investing

in overnight securities.

Overnight Fund CRISIL Overnight Index.

Fund Details

Date of Allotment 10-Dec-02

Benchmark Nifty 50 TRI

NAV (as on 28.6.19)

Growth ` 214.5751

Direct Growth ` 225.1385

AUM (as on 30.6.19) ` 687.12 Cr

AAUM (for the month of June) ` 691.84 Cr

Fund Manager & ExperienceNeelotpal Sahai

Total Experience 28 YearsManaging this fund Since May 27, 2013

1Minimum Investment

Lumpsum ` 5,000

SIP ` 500

Additional Purchase ` 1,000

Entry load : “NA”

Exit load : 1 % if redeemed / switched out

within 1 year from date of allotment, else nil2Ratios

Standard Deviation 13.14%

Beta (Slope) 1.013Sharpe Ratio 0.49

Month End Total Expenses Ratios 4(Annualized)

5Other than Direct 2.45%

Direct 1.52%

Portfolio Turnover (1 year) 0.81

EQUITY 97.04%

HDFC Bank Banks 9.78%

Housing Development Finance 9.57%Finance Corp

ICICI Bank Banks 9.54%

Reliance Industries Petroleum Products 8.21%

Kotak Mahindra Bank Banks 6.45%

Axis Bank Banks 5.88%

Infosys Software 5.86%

Larsen & Toubro Construction Project 5.09%

Tata Consultancy Software 4.86%Services

State Bank of India Banks 4.73%

Ultratech Cement Cement 3.32%

NTPC Power 3.09%

Asian Paints Consumer Non Durables 2.96%

SBI Life Insurance Co. Finance 2.63%

ITC Consumer Non Durables 2.39%

HCL Technologies Software 2.32%

The Indian Hotels Hotels, Resorts And 2.29% Company Other Recreational Activities

DLF Construction 2.20%

MRF Auto Ancillaries 1.65%

Sun Pharmaceutical Ind Pharmaceuticals 1.17%

Lupin Pharmaceuticals 1.10%

Petronet LNG Gas 1.07%

Aurobindo Pharma Pharmaceuticals 0.88%

Cash Equivalent 2.02%

TREPS 3.02%

Reverse Repos 0.94%

Net Current Assets: -1.00%

Total Net Assets as on 30-June-2019 100.00%

% to Net AssetsIndustriesIssuer

*TREPS : Tri Party Repo Dealing System

This product is suitable for investors who are seeking*:

• To create wealth over long term

• Investment in predominantly large cap equity and equity related securities

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

HSBC Large Cap Equity FundLarge Cap Fund - An open ended equity scheme predominantly investing in large cap stocks.

1in multiples of Re 1 thereafter.

2Ratios disclosed are as per monthly returns

(Annualized) for the last 3 years.3Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on

June 28, 2019)4TER Annualized TER including GST on Investment

Management Fees5Continuing plans

Sector Allocation

Dividend is net dividend. Upon payment of dividend, the NAV per unit falls to the extent of payout and

statutory levy, if any. Face value: `10 per unit. For

complete dividend history, please refer our website http://www.assetmanagement.hsbc.com/in

Dividend History (Rate `/Unit)

Record Date Plans/Options

Individual/HUF

NAV (`) Cum-Dividend

Dividend

26-Dec-18 1.77082 28.5568

28-Dec-17 3.50000 33.2519

02-Nov-16 3.00000 30.0022

Dividend - Direct

26-Dec-18 1.99217 30.2377

28-Dec-17 3.50000 34.7739

02-Nov-16 3.00000 31.0071

94.75%

2.96% 2.29%

Large Cap Midcap Debt

Portfolio Classification By Market Segment Class (%)

Investment Objective: To generate long-term capital growth from an actively managed portfolio of equity and equity related securities of predominantly large cap companies. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Investors understand that their principal will be at Moderately High risk

yletaredoM

Lo

w

Hig

h

LowHigh

LOW HIGH

Moderately

Riskometer

06

Hotels, Resorts And OtherRecreational Activities

-1.00%

3.96%

1.07%

1.65%

2.20%

2.29%

3.09%

3.15%

3.32%

5.09%

5.35%

8.21%

12.20%

13.04%

36.38%

Net Current Assets

Reverse Repos/TREPS

Gas

Auto Ancillaries

Construction

Power

Pharmaceuticals

Cement

Construction Project

Consumer Non Durables

Petroleum Products

Finance

Software

Banks

Fund Details

Date of Allotment 28-Mar-19

Benchmark NIFTY Large Midcap 250 TRI1NAV (as on 28.6.19)

Growth ` 9.9683


AUM (as on 30.6.19) ` 642.84 Cr


Fund Manager & Experience

Neelotpal Sahai

Total Experience 28 YearsManaging this fund Since Mar 28, 2019

2Minimum Investment

Lumpsum ` 5,000

SIP ` 500




within 1 year from date of allotment, else nil



Direct 0.81%

EQUITY 96.05%






RBL Bank Banks 3.48%


City Union Bank Banks 3.22%

The Federal Bank Banks 3.04%

Torrent Pharmaceuticals Pharmaceuticals 3.01%


ACC Cement 2.92%




Voltas Consumer Durables 2.50%


Bharat Electronics Industrial Capital Goods 2.45%

Supreme Industries Industrial Products 2.23%

The Indian Hotels Company Hotels, Resorts And 2.21% Other Recreational Activities

NTPC Power 2.20%

Crompton Greaves Cons Consumer Durables 2.17%Electrical

Prestige Estates Projects Construction 2.12%

Apollo Hospitals Enterprise Healthcare Services 2.11%

ICICI Securities Finance 2.05%


Balkrishna Industries Auto Ancillaries 1.76%

Tata Consultancy Services Software 1.73%

Exide Industries Auto Ancillaries 1.57%


Polycab India Limited Industrial Products 1.45%

Aarti Industries Chemicals 1.38%

Kajaria Ceramics Construction 1.36%

United Breweries Consumer Non Durables 1.25%

Orient Electric Consumer Durables 1.24%

Finolex Cables Industrial Products 1.10%

Sun TV Network Media & Entertainment 0.79%


TREPS 4.47%

Reverse Repos 1.39%






• Long term wealth creation and income

• Investment predominantly in equity and equity related securities of Large and Mid cap companies


HSBC Large and Mid Cap Equity FundLarge and Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks.

1Indicates computed NAV as of June 28, 2019.2in multiples of Re 1 thereafter.3TER Annualized TER including GST on Investment


Sector Allocation

Investment Objective: To seek long term capital growth through investments in both large cap and mid cap stocks.

However, there is no assurance that the investment objective of the Scheme will be achieved.


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51.89%

36.89%

5.82%3.95% 1.45%

Large Cap Small CapMidcap OthersDebt



-1.91%

5.86%

0.79%

1.38%

2.11%

2.20%

2.21%

2.45%

2.92%

2.92%

3.33%

3.89%

4.23%

4.57%

4.78%

5.53%

5.91%

6.77%

8.27%

31.79%

Net Current Assets

Reverse Repos/TREPS

Media & Entertainment

Chemicals

Healthcare Services

Power

Industrial Capital Goods

Cement

Petroleum Products

Auto Ancillaries



Pharmaceuticals

Industrial Products

Construction

Consumer Durables

Software

Finance

Banks

Fund Details

Date of Allotment 24-Feb-04

Benchmark S&P BSE 200 TRI

NAV (as on 28.6.19)

Growth ` 85.6603


AUM (as on 30.6.19) ` 485.92 Cr



Neelotpal Sahai (For Equity)

Total Experience 28 Years

Managing this fund Since May 27, 20131Minimum Investment

Lumpsum ` 5,000

SIP ` 500









Direct 1.38%


EQUITY 96.48%





Bajaj Finance Finance 5.68%






Vedanta Non - Ferrous Metals 2.87%

Vinati Organics Chemicals 2.63%

The Indian Hotels Company Hotels, Resorts And 2.59% Other Recreational Activities









NCC Construction Project 1.50%


Gayatri Projects Construction 1.37%

Somany Ceramics Construction 1.27%



Aarti Industries Chemicals 1.10%

Sterlite Technologies Telecom - Equipment 1.08% & Accessories


Jindal Steel & Power Ferrous Metals 0.88%

Sanghvi Movers Industrial Capital Goods 0.85%

NCL Industries Cement 0.82%

Balrampur Chini Mills Consumer Non Durables 0.72%

Srikalahasthi Pipes Ferrous Metals 0.69%

Balaji Amines Chemicals 0.58%

Welspun India Textile Products 0.47%

Kridhan Infra Construction Project 0.11%


TREPS 2.88%

Reverse Repos 0.89%





1in multiples of Re 1 thereafter.2Ratios disclosed are as per monthly returns






• Invests in equity and equity related securities across market capitalisations


HSBC Multi Cap Equity FundMulti Cap Fund - An open ended equity scheme Investing across large cap, mid cap, small cap stocks.

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 a significant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Dividend is gross dividend. Upon payment of dividend, the NAV per unit falls to the extent of

payout and statutory levy, if any. Face value: ̀ 10 per

unit. For complete dividend history, please refer our website http://www.assetmanagement.hsbc.com/in



Individual/HUF


Dividend

26-Feb-19 1.68228 23.5590

27-Feb-18 2.25000 28.2124

24-Mar-17 1.50000 25.8408

Dividend - Direct

26-Feb-19 1.90363 26.3947

27-Feb-18 2.25000 31.1273

24-Mar-17 1.50000 28.1677


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66.95%

17.19%

12.34%3.52%

Large Cap MidcapSmall Cap Debt

Sector Allocation


-0.26%

3.78%

0.47%

0.72%

0.82%

0.85%

0.93%

1.08%

1.57%

1.97%

2.59%

2.87%

3.49%

3.87%

4.31%

4.71%

5.96%

6.40%

7.66%

14.26%

31.95%

Net Current Assets

Reverse Repos/TREPS

Textile Products


Cement


Auto Ancillaries

Telecom - Equipment & Accessories

Ferrous Metals

Consumer Durables

Non - Ferrous Metals

Industrial Products

Petroleum Products

Chemicals

Pharmaceuticals

Software


Construction

Finance

Banks

Fund Details

Date of Allotment 19-May-05

Benchmark S&P BSE 250 Small Cap Index TRI

NAV (as on 28.5.19)

Growth ` 48.1306


AUM (as on 30.5.19) ` 747.15 Cr






Lumpsum ` 5,000

SIP ` 500









Direct 1.04%


EQUITY 95.91%Vinati Organics Chemicals 3.13%DCB Bank Banks 2.86%Prestige Estates Projects Construction 2.73%City Union Bank Banks 2.63%KEI Industries Industrial Products 2.57%RBL Bank Banks 2.56%Kajaria Ceramics Construction 2.49%Aarti Industries Chemicals 2.38%Somany Ceramics Construction 2.36%Orient Electric Consumer Durables 2.34%Creditaccess Grameen Finance 2.30%JK Lakshmi Cement Cement 2.28%NIIT Technologies Software 2.25%Amber Enterprises India Consumer Durables 2.21%The Federal Bank Banks 2.18%Crompton Greaves Cons Consumer Durables 2.17%Electrical Deccan Cements Cement 2.13%Dixon Technologies (India) Consumer Durables 2.13%APL Apollo Tubes Ferrous Metals 2.01%Cera Sanitaryware Construction 2.00%JB Chemicals & Pharmaceuticals 1.96%PharmaceuticalsEIH Hotels, Resorts And Other 1.96% Recreational ActivitiesMahindra Logistics Transportation 1.94%Chalet Hotels Hotels, Resorts And Other 1.91% Recreational ActivitiesNCC Construction Project 1.83%Finolex Cables Industrial Products 1.77%PTC India Power 1.77%ICICI Securities Finance 1.77%CCL Products India Consumer Non Durables 1.70%Carborundum Universal Industrial Products 1.67%Sonata Software Software 1.64%Nilkamal Industrial Products 1.60%Century Plyboards (India) Consumer Durables 1.57%Thomas Cook (India) Services 1.54%Ashoka Buildcon Construction Project 1.51%KNR Constructions Construction 1.50%Srikalahasthi Pipes Ferrous Metals 1.49%Sadbhav Engineering Construction Project 1.48%Sterlite Technologies Telecom - Equipment 1.41% & AccessoriesAegis Logistics Gas 1.34%MM Forgings Industrial Products 1.32%Oriental Carbon And Chemicals 1.24%ChemicalsJagran Prakashan Media & Entertainment 1.16%Graphite India Industrial Products 1.12%TTK Prestige Consumer Durables 1.08%NCL Industries Cement 1.07%Sanghvi Movers Industrial Capital Goods 1.05%Heritage Foods Consumer Non Durables 0.87%Apex Frozen Foods Consumer Non Durables 0.78%REDINGTON (INDIA) Transportation 0.73%South West Pinnacle Commercial Services 0.65%ExplorationVA Tech Wabag Engineering Services 0.62%Khadim India Consumer Durables 0.61%Ramkrishna Forgings Industrial Products 0.59%Sarla Performance Fibers Textiles - Synthetic 0.49%CMI Industrial Products 0.45%One Point One Solutions Software 0.30%Inox Wind Industrial Capital Goods 0.27%Macpower CNC machines Industrial Capital Goods 0.17%Hindustan Media Ventures Media & Entertainment 0.16%Kridhan Infra Construction Project 0.11%


TREPS 3.10%

Reverse Repos 0.96%

Net Current Assets: 0.03%




1in multiples of Re 1 thereafter.

2Ratios disclosed are as per monthly returns






• Investment in predominantly small cap equity and equity related securities


HSBC Small Cap Equity FundSmall Cap Fund - An open ended equity scheme predominantly investing in small cap stocks.

Investment Objective: To generate long term capital growth from an actively managed portfolio of equity and equity related securities of predominantly small cap companies. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.






Individual/HUF


Dividend

30-May-19 1.33 20.0428

30-May-18 1.77 25.4966

02-Nov-16 1.75 21.5706

Dividend - Direct

30-May-19 1.33 24.6882

30-May-18 1.77 30.7095

02-Nov-16 1.75 25.3345


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Sector Allocation


73.16%

19.72%

4.09%3.03%

OthersMidcapSmall Cap Debt

Telecom - Equipment& Accessories


0.03%

4.06%

0.49%

0.62%

0.65%

1.32%

1.34%

1.41%

1.49%

1.54%

1.77%

1.96%

2.67%

3.35%

3.50%

3.87%

4.07%

4.19%

4.93%

5.48%

6.75%

10.23%

11.08%

11.09%

12.11%

Net Current Assets

Reverse Repos/TREPS

Textiles - Synthetic

Engineering Services

Commercial Services

Media & Entertainment

Gas


Services

Power

Pharmaceuticals

Transportation


Ferrous Metals

Finance

Software


Cement

Chemicals

Banks

Construction

Industrial Products

Consumer Durables

Fund Details

Date of Allotment 23-Feb-06

Benchmark S&P BSE India Infrastructure

Index TRI

NAV (as on 28.6.19)

Growth ` 17.2491


AUM (as on 30.6.19) ` 103.24 Cr



Gautam Bhupal (For Equity)



Lumpsum ` 5,000

SIP ` 500






Beta (Slope) 1.123Sharpe Ratio -0.09



Direct 1.24%


EQUITY 98.50%


Adani Ports & Special Transportation 6.64%Economic Zone

KEI Industries Industrial Products 5.93%

Deccan Cements Cement 4.89%

Sanghvi Movers Industrial Capital Goods 4.76%

Srikalahasthi Pipes Ferrous Metals 4.67%

NTPC Power 4.57%

NCC Construction Project 4.34%

Sadbhav Engineering Construction Project 3.65%

KNR Constructions Construction 2.96%

Hindustan Petroleum Corp Petroleum Products 2.96%

Schaeffler India Industrial Products 2.78%

Ahluwalia Contracts (India) Construction 2.69%


Jindal Steel & Power Ferrous Metals 2.61%

CMI Industrial Products 2.59%

APL Apollo Tubes Ferrous Metals 2.54%

ACC Cement 1.97%

Macpower CNC machines Industrial Capital Goods 1.95%



Ashoka Buildcon Construction Project 1.71%

Oberoi Realty Construction 1.65%

Nbcc India Construction 1.65%

Carborundum Universal Industrial Products 1.63%

Graphite India Industrial Products 1.62%




JSW Energy Power 1.30%

Gujarat Gas Gas 1.25%

Jindal Saw Ferrous Metals 1.13%

VA Tech Wabag Engineering Services 1.05%

Inox Wind Industrial Capital Goods 0.99%

Gujarat Mineral Development Minerals/Mining 0.77%Corp

Petronet LNG Gas 0.59%

Kridhan Infra Construction Project 0.54%

South West Pinnacle Commercial Services 0.25%Exploration

S S Infrastruct Develop Services 0.21%Consultants


TREPS 1.38%

Reverse Repos 0.43%











• Invests in equity and equity related securities, primarily in themes that play an important role in India's economic development


HSBC Infrastructure Equity FundInfrastructure Equity Fund - An open ended equity scheme following Infrastructure theme.

Investment Objective: To generate long term capital appreciation from an actively managed portfolio of equity and equity related securities by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from growth and development of Infrastructure in India. However, there can be no assurance or guarantee thatthe investment objective of the scheme would be achieved.






Individual/HUF


Dividend

26-May-08 1.00 13.7160

11-May-07 1.00 12.2390

Investors understand that their principal will be at High risk

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Sector Allocation


48.55%

29.99%

16.30%

3.66% 1.50%

Large CapSmall Cap Midcap Others Debt


-0.31%

1.81%

0.21%

0.25%

0.77%

1.05%

1.36%

1.84%

1.86%

2.96%

5.87%

6.64%

8.18%

9.06%

10.95%

13.31%

14.55%

19.64%

Net Current Assets

Reverse Repos/TREPS

Services

Commercial Services

Minerals/Mining

Engineering Services

Gas


Petroleum Products

Power

Transportation

Cement


Ferrous Metals

Construction

Industrial Products


Fund Details

Date of Allotment 05-Jan-07

Benchmark S&P BSE 200 TRI

NAV (as on 28.6.19)

Growth ` 37.4209


AUM (as on 30.6.19) ` 158.00 Cr



Aditya Khemani (For Equity)


Managing this fund Since Feb 24, 20091Minimum Investment

Lumpsum ` 5,000

SIP ` 500



Exit load : Nil2Ratios




5Other than Direct 2.48%Direct 1.24%


EQUITY 98.50%






Maruti Suzuki India Auto 3.55%




ACC Cement 3.06%






GlaxoSmithKline Consumer Consumer Non Durables 2.04%Healthcare

AU Small Finance Bank Banks 2.03%





Bharti Airtel Telecom - Services 1.83%


Abbott India Pharmaceuticals 1.74%

The Indian Hotels Company Hotels, Resorts And Other 1.70% Recreational Activities

United Breweries Consumer Non Durables 1.69%

Heritage Foods Consumer Non Durables 1.65%




Nilkamal Industrial Products 1.34%

Dalmia Bharat Services 1.23%


Indian Terrain Fashions Textile Products 0.86%

Indo Count Industries Textiles - Cotton 0.83%


TREPS 1.20%

Reverse Repos 0.37%









Sector Allocation




• Invests in equity and equity related securities with no capitilastion bias


HSBC Tax Saver Equity FundAn Open Ended Equity Linked Savings Scheme with a statutory lock - in of 3 years and tax benefit.

Investment Objective: Aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias. The Fund may also invest in fixed income securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Dividend is gross dividend. Upon payment of

dividend, the NAV per unit falls to the extent of


unit. For complete dividend history, please refer our

website http://www.assetmanagement.hsbc.com/in

59.96%23.72%

13.59%

1.50% 1.23%



Individual/HUF


Dividend

24-Jan-19 1.54946 20.7121

30-Jan-18 2.50000 26.4229

24-Mar-17 1.50000 23.1073

Dividend - Direct

24-Jan-19 1.77082 21.9059

30-Jan-18 2.50000 27.6259

24-Mar-17 1.50000 23.9550


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11


-0.07%

1.57%

0.83%

0.86%

1.23%

1.43%

1.70%

1.83%

1.92%

1.92%

2.18%

2.67%

3.16%

3.43%

3.44%

3.55%

4.00%

4.92%

5.38%

5.61%

6.01%

6.40%

36.03%

Net Current Assets

Reverse Repos/TREPS

Textiles - Cotton

Textile Products

Services

Petroleum Products

Telecom - Services

Auto Ancillaries



Healthcare Services

Industrial Products

Consumer Durables

Finance

Auto

Software



Construction

Cement

Pharmaceuticals

Banks

Fund Details

Date of Allotment 22-Oct-18Benchmark Composite Index constituting

70% of S&P BSE 200 TRI Index and

30% of CRISIL Composite Bond Fund

Index.

NAV (as on 28.6.19)

Growth ` 10.8935


AUM (as on 30.6.19) ` 654.51 Cr





Managing this fund Since Oct 22, 2018

Kapil Punjabi (for Debt)


Managing this fund Since Feb 18, 20191Minimum Investment

Lumpsum ` 5,000

SIP ` 500



Exit load : For 10% of the units redeemed /

switched-out within 1 year from the date of

allotment : Nil

For remaining units redeemed or switched-out

within 1 year from the date of allotment 1.00%



Direct 0.97%

Money Market Instruments

Certificate of Deposit 3.65%

HDFC Bank Fitch A1+ 3.65%

Corporate/ PSU Debt

Corporate Bonds / Debentures 21.41%

Small Industries Development CARE AAA 3.91%BK of India

National Bk for Agriculture & CRISIL AAA 3.83%Rural Dev.

Housing & Urban Development CARE AAA 3.80%Corp

Reliance Industries CRISIL AAA 2.66%

LIC Housing Finance CRISIL AAA 2.30%

Aditya Birla Finance [ICRA]AAA 2.29%

REC CRISIL AAA 1.84%

National Highways Authority CRISIL AAA 0.78%of India

EQUITY 69.45%










Tata Consultancy Services Software 2.55%

NTPC Power 2.16%



DCB Bank Banks 1.45%

The Indian Hotels Company Hotels, Resorts And Other 1.44% Recreational Activities


City Union Bank Banks 1.33%


JK Lakshmi Cement Cement 1.30%

ITC Consumer Non Durables 1.26%











Graphite India Industrial Products 0.77%



TREPS 3.83%

Reverse Repos 1.19%



Sector Allocation% to Net Assets

Industries/RatingsIssuer



• Long term wealth creation and income

• Invests in equity and equity related securities and fixed Income instruments


HSBC Equity Hybrid FundAggressive Hybrid fund – An open ended hybrid scheme investing predominantly in equity and equity related instruments.


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Investment Management Fees.3Continuing plans

Investment Objective: To seek long term capital growth and income through investments in equity and equity related securities and fixed income instruments. However, there is no assurance that the investment objective of the Scheme will be achieved.

12

53.91%

30.55%

10.64%

Large Cap Midcap Small Cap


Debt

4.90%

Rating Profile

Reverse Repos/ TREPS 5.02%

AAA and Equivalents 25.06%

Net Current Assets 0.47%



0.47%

5.02%

0.78%

0.80%

1.15%

1.42%

1.44%

2.08%

2.16%

2.88%

3.30%

3.34%

3.39%

3.56%

6.44%

6.49%

24.94%

30.34%

Net Current Assets

Reverse Repos/TREPS

Construction Civil

Auto Ancillaries

Consumer Durables

Industrial Products

Power

Pharmaceuticals

Construction


Cement


Software

Petroleum Products

Finance

Banks

HSBC Global Emerging Markets FundAn open-ended fund of fund scheme investing in HSBC Global Investment Funds - Global Emerging Markets Equity Fund

Fund Details

% to Net AssetsIssuer

EQUITY 98.20%HGIF - Global Emerging Markets Equity OVERSEASMUTUAL FUND 98.20% (Share Class S1D)Cash Equivalent TREPS 1.61%Reverse Repos 0.50%Net Current Assets: -0.31%Total Net Assets as on 30-June-2019 100.00%


Date of Allotment: 17-Mar-08

Benchmark: MSCI Emerging Markets Index TRI

NAV (as on 28.06.19)

Growth ` 13.8411

Direct Growth 14.5023 `

AUM (as on 30.06.19) ` 9.02 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




• Investment predominantly in units of HSBC Global Investment Funds - Global Emerging Markets Equity Fund



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Investment Objective:The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units/shares of HSBC Global Investment Funds - Global Emerging Markets Equity Fund. 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


Ranjithgopal K A (For Overseas)


Managing this fund Since Feb 27, 2017


Exit load : 1 % if redeemed / switched out within 1 year from date of allotment, else nil

2Ratios


Beta (Slope) 1.023 Sharpe Ratio 0.30

1 in multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on June 28, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying

schemes5 Continuing plans


Record Date Plans/Options Individual /HUF NAV (`) Cum-Dividend

Dividend

27-Jun-14 0.50000 11.5335

Dividend - Direct

27-Jun-14 0.50000 11.6656

Dividend is gross dividend. Upon payment of dividend, the NAV per unit falls to the extent of payout

and statutory levy, if any. Face value: ̀ 10 per unit. For complete dividend history, please refer our

website http://www.assetmanagement.hsbc.com/in

Sector Allocation

-0.31%

2.11%

98.20%

Net Current Assets

Reverse Repos / TREPS

Overseas Mutual Fund

Industries

4Month End Total Expenses Ratios (Annualized) 5

Other than Direct 2.36%

Direct 1.66%

HSBC Asia Pacific (Ex Japan)Dividend Yield Fund

An open ended fund of fund scheme investing in HSBC Global Investments Fund - Asia Pacific Ex Japan Equity High Dividend Fund

Fund Details


EQUITY 98.26%HGIF - Asia Pacific ex Japan Equity Overseas Mutual Fund 98.26%High Dividend (Share Class S9D)Cash Equivalent 1.74%TREPS 2.02%Reverse Repos 0.63%Net Current Assets: -0.91%Total Net Assets as on 30-June-2019 100.00%


Date of Allotment: 24-Feb-14

Benchmark: MSCI AC Asia Pacific ex Japan TRI

NAV (as on 28.06.19)

Growth ` 14.4249


AUM (as on 30.06.19) ` 5.82 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




• Investment in equity and equity related securities of Asia Pacific countries (excluding Japan) through fund of funds route



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Investment Objective: To provide long term capital appreciation by investing 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 liquid mutual fund schemes, in order to meet

liquidity requirements from time to time. However, there can be no assurance or guarantee

that the investment objective of the scheme would be achieved.







2Ratios


Beta (Slope) 0.973

Sharpe Ratio 0.48

1 in multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on June 28, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying


Sector Allocation

-0.91%

2.65%

98.26%

Net Current Assets



Industries



Direct 1.33%


Kapil Panjabi (For Debt)



13

HSBC Brazil Fund

An open ended fund of fund scheme investing in HSBC Global Investments Fund - Brazil Equity Fund

Fund Details


EQUITY 96.28%HGIF - Brazil Equity (Share Class S3D) Overseas Mutual Fund 96.28%Cash Equivalent 3.72%TREPS 3.22%Reverse Repos 1.00%Net Current Assets: -0.50%Total Net Assets as on 30-June-2019 100.00%


Date of Allotment: 06-May-11

Benchmark: MSCI Brazil 10/40 Index TRI

NAV (as on 28.06.19)

Growth ` 8.9689


AUM (as on 30.06.19) ` 27.62 Cr

(for the month of June) 26.76 CrAAUM `

1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




• Invests in equity and equity related securities through feeder route in Brazilian markets



Riskometer

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Investment Objective:The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units/shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.







2Ratios


Beta (Slope) 1.003

Sharpe Ratio 0.36

1 In multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on June 28, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying

schemes5Continuing plans

Sector Allocation

-0.50%

4.22%

96.28%

Net Current Assets



Industries



Direct 1.64%

HSBC Global Consumer Opportunities Fund - Benefiting from China’s Growing Consumption PowerAn open ended fund of fund scheme investing in HSBC Global Investments Fund - China Consumer Opportunities Fund.

Fund Details


EQUITY 97.14%HGIF - China Consumer Overseas Mutual Fund 97.14%Opportunities S5 CapCash Equivalent 2.86%TREPS 2.02%Reverse Repos 0.63%Net Current Assets: 0.21%Total Net Assets as on 30-June-2019 100.00%*TREPS : Tri Party Repo Dealing System


Benchmark: MSCI AC World Index TRI

NAV (as on 28.06.19)

Growth ` 13.1881


AUM (as on 30.06.19) ` 3.63 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




• Investment in equity and equity related securities around the world focusing on growing consumer behaviour of China through feeder route



Riskometer

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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). TheScheme 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.

However, there can be no assurance or guarantee that the investment objective of the

scheme would be achieved.



2Ratios


Beta (Slope) 1.043

Sharpe Ratio 0.52

1 In multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on June 28, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying


Sector Allocation

0.21%

2.65%

97.14%

Net Current Assets



Industries

4Month End Total Expenses Ratios (Annualized) 5Other than Direct 2.18%

Direct 1.48%






Kapil Panjabi (For Debt)



14

HSBC Managed SolutionsIndia - Growth

(An open ended fund of fund scheme investing in a basket of equity, debt, Gold and other Exchange Traded Funds)

HSBC Managed SolutionsIndia - Moderate


Sector Allocation

Mutual Fund 99.44%

1.79%Reverse Repos/TREPS

Net Current Assets -1.23%


Mutual Fund

Domestic Mutual Fund Unit 99.44%

HSBC Large Cap Equity Fund - Growth Direct 49.97%

HSBC Small Cap Equity Fund - Growth Direct 16.67%

HSBC Short Duration Fund - Growth Direct 15.63%

HSBC Flexi Debt Fund - Growth Direct 12.17%

HSBC Debt Fund - Growth Direct 5.00%


TREPS 1.36%

Reverse Repos 0.42%



HSBC Managed SolutionsIndia - Conservative


Sector Allocation

Mutual Fund 99.59%

Reverse Repos/TREPS 0.66%

Net CurrentAssets -0.25%

Fund Details

Date of Allotment: 30-Apr-14

Benchmark: CRISIL Hybrid 35+65 - Aggressive Fund Index

NAV (as on 28.06.19)

Growth ` 17.1151


AUM (as on 30.06.19) ` 159.14 Cr


1Ratios


Beta (Slope) 1.05

2Sharpe Ratio 0.35

3Month End Total Expenses Ratios (Annualized)


Direct 1.35%

Fund Details

1Ratios


Beta (Slope) 0.63

2Sharpe Ratio -0.02



Direct 0.97%


Benchmark: Composite Index constituting of 90% into CRISIL Composite Bond Fund Index and 10% of S&P BSE 200 Index TRI

NAV (as on 28.06.19)

Growth ` 14.6655


AUM (as on 30.06.19) ` 157.58 Cr



Mutual Fund



IDFC Dynamic Bond Fund - Direct Pl - Growth 26.35%





TREPS 0.50%

Reverse Repos 0.16%



Fund Manager: Ranjithgopal KA - For Overseas (since 27 Feb 2017), Gautam Bhupal - For Equity (since 21 Oct 2015), Anitha Rangan - For Debt (since 18 Feb 2019)

Minimum Investment: Lumpsum ̀ 5,000, SIP ` 500, Additional Purchase ` 1,000/- in multiples of Re 1 thereafter

Entry load - NA, Exit load - 1 % if redeemed / switched out within 1 year from date of allotment, else nil

The investor will bear the recurring expenses of the scheme, in addition to the expenses of underlying scheme.

1 2 3Ratios: disclosed are as per monthly returns (Annualized) for the last 3 years. Risk free rate: 5.97% (FIMMDA-NSE Mibor) as on June 28, 2019) TER Includes "GST 4on Investment Management fees and expenses of Underlying schemes". Also obtain confirmation from OPS regarding this statement. Continuing plans.

Fund Details


Mutual Fund



HSBC Small Cap Equity Fund - Growth Direct 20.49%





TREPS 0.78%

Reverse Repos 0.24%



Sector Allocation

Mutual Fund 99.28%

Reverse Repos/TREPS 1.03%

Net CurrentAssets -0.31%

*TREPS : Tri Party Repo Dealing System *TREPS : Tri Party Repo Dealing System *TREPS : Tri Party Repo Dealing System


Benchmark: Composite Index constituting 80% of S&P

BSE 200 TRI Index and 20% of CRISIL Composite Bond

Fund Index

NAV (as on 28.06.19)

Growth ` 18.0064


AUM (as on 30.06.19) ` 95.12 Cr


1Ratios


Beta (Slope) 0.15

2Sharpe Ratio 0.37



Direct 1.46%



• Investing predominantly in units of equity mutual funds as well as in a basket of debt mutual funds, gold & exchange traded funds, offshore mutual funds and money market instruments.



• To create wealth and provide income over the long term

• Investments in a basket of debt mutual funds, equity mutual funds, gold & exchange traded funds, offshore mutual funds and money market instruments.



• To provide income over the long-term;

• Investing predominantly in units of debt mutual funds as well as in a basket of equity mutual funds, gold & other exchange traded funds and money market instruments.


Investors understand that their principal will be at Moderate risk

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ModeratelyInvestors understand that their principal

will be at Moderately High risk

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15

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

Investment Objective - The objective of the fund is to provide long term total return aimed at capital appreciation and providing income through an active asset allocation with diversification commensurate with the risk profile of investments by investing in a basket of debt, equity, gold ETFs and other ETFs, units of offshore mutual funds and money market instruments.

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 investing in a basket of debt, equity, gold ETFs and other ETFs and money market instruments.

Fund / Benchmark

(Value of `10,000 invested)

1 Year 3 Years 5 Years Since Inception

Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Brazil Fund Inception Date: 06-May-11

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Multi Cap Equity Fund Inception Date: 24-Feb-04


Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 10-Dec-02


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

Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes’, there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.1TRI data of Scheme Benchmark is not available since inception of the scheme. Scheme Benchmark performance is calculated using Composite CAGR of S&P BSE 200 PRI values from date 24-Feb-2004 to date 28-Jun-2007 and TRI values since date 29-Jun-2007.

The performance details provided herein are of other than Direct Plan - Growth Option. Returns on ̀ 10,000 are point-to-point returns for the specific time period, invested at the start of the period. The returns for the respective periods are provided as on last available NAV of June 2019 for the respective Schemes. Returns 1 year and Above are Compounded Annualised. Load is not taken into consideration for computation of performance. Different plans shall have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged to the Other than Direct Plan. The performance data of the scheme(s) managed by the respective Fund Manager which has/have not completed 1 year is not provided. Considering the varying maturities of the close ended schemes, the performance of close-ended schemes is not provided as it is strictly not comparable with that of open ended schemes.

Fund Manager - Neelotpal Sahai Effective 27 May 2013. Total Schemes Managed - 5

10,031 0.31 12,707 8.33 15,617 9.33 85,687 15.02

10,824 8.26 14,550 13.34 16,838 10.99 79,822 14.49

11,139 11.42 14,778 13.93 16,492 10.53 79,182 14.43

HSBC Multi Cap Equity Fund - Growth

1Scheme Benchmark (S&P BSE 200 TRI)

Additional Benchmark (Nifty 50 TRI)


Fund Manager - Ranjithgopal K A Effective 27 February 2017. Total Schemes Managed - 7

13,597 36.08 14,412 12.98 9,670 -0.67 8,966 -1.33

14,105 41.18 16,192 17.46 12,658 4.83 13,554 3.80

11,139 11.42 14,778 13.93 16,492 10.53 23,549 11.08

HSBC Brazil Fund - Growth

Scheme Benchmark (MSCI Brazil 10/40 Index TRI)


Fund Manager - Ranjithgopal K A Effective 27 February 2017. Total Schemes Managed - 7

10,484 4.85 13,503 10.55 16,152 10.07 37,426 11.15

10,824 8.26 14,550 13.34 16,838 10.99 35,099 10.58

11,139 11.42 14,778 13.93 16,492 10.53 34,393 10.40

HSBC Tax Saver Equity Fund - Growth

Scheme Benchmark (S&P BSE 200 TRI)


Fund Manager - Aditya Khemani Effective 24 February 2009. Total Schemes Managed - 2

16

10,631 6.33 14,116 12.20 15,390 9.01 2,14,537 20.34

11,139 11.42 14,778 13.93 16,492 10.53 1,39,455 17.25

11,252 12.56 15,130 14.83 16,575 10.64 1,53,900 17.95

HSBC Large Cap Equity Fund - Growth

Scheme Benchmark (Nifty 50 TRI)

Additional Benchmark (S&P BSE Sensex TRI)

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Global Emerging Markets Fund Inception Date: 17-Mar-08

HSBC Global Emerging Markets Fund - Growth

Scheme Benchmark (MSCI Emerging Market Index TRI)


9,971 -0.29 13,130 9.52 11,836 3.43 13,839 2.92

10,187 1.88 13,831 11.44 12,981 5.36 22,147 7.30

11,139 11.42 14,778 13.93 16,492 10.53 29,993 10.22

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Small Cap Equity Fund Inception Date: 19-May-05

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Infrastructure Equity Fund Inception Date: 23-Feb-06

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 23-Feb-15


Please Note : “NA” means not available.


Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes’, there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.1The said Fund has been in existence for more than 3 years but less than 5 years2The launch date of the S&PBSE India Infrastructure Index (INR) is May 19, 2014 whereas the inception date of the scheme is Feb 23, 2006. Information presented for 5 year return is back-tested which is available from Mar 31, 2008. The corresponding benchmark returns since inception of the scheme is not available. All index data is available on the website of Asia Index Pvt. Ltd. a joint venture between BSE Ltd. and S&PDowJones Indices LLC. (source: http://www.asiaindex.co.in).

3Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid scheme including change in the benchmark to S&P BSE 250 Small Cap Index effective from Mar 14, 2018. The launch date of the S&P BSE 250 Small Cap Index (INR) is November 30, 2017 whereas the inception date of the scheme is May 19, 2005. All information presented prior to the index launch date is back-tested which is available from Mar 31, 2008. The corresponding benchmark returns since inception of the scheme is not available. All index data is available on the website ofAsia Index Pvt. Ltd. a joint venture between BSE Ltd. and S&PDow Jones Indices LLC. (source: http://www.asiaindex.co.in).

The performance details provided herein are of other than Direct Plan - Growth Option. Returns on ̀ 10,000 are point-to-point returns for the specific time period, invested at the start of

the period. The returns for the respective periods are provided as on last available NAV of June 2019 for the respective Schemes. Returns 1 year and Above are Compounded Annualised. Load is not taken into consideration for computation of performance. Different plans shall have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged to the Other than Direct Plan. The performance data of the scheme(s) managed by the respective Fund Manager which has/have not completed 1 year is not provided. Considering the varying maturities of the close ended schemes, the performance of close-ended schemes is not provided as it is strictly not comparable with that of open ended schemes.

Fund Manager - Ranjithgopal K A (For overseas) Effective 27 February 2017. Total Schemes Managed - 7

Fund Manager - Kapil Punjabi (For Debt) Effective 18 February 2019. Total Schemes Managed - 9

10,342 3.43 13,925 11.69 13,699 6.50 14,426 7.10

10,148 1.48 14,089 12.13 14,115 7.14 14,937 7.80

11,139 11.42 14,778 13.93 16,492 10.53 20,394 14.27


Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI)



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Fund / Benchmark


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

8,584 -14.20 10,410 1.35 11,165 2.23 17,253 4.17

10,522 5.23 13,817 11.40 12,963 5.33 NA NA

11,139 11.42 14,778 13.93 16,492 10.53 45,350 11.99

HSBC Infrastructure Equity Fund - Growth

2Scheme Benchmark (S&P BSE India Infrastructure TRI)


Fund Manager - Gautam Bhupal Effective 11 May 2018. Total Schemes Managed - 4

9,101 -9.01 11,534 4.88 15,767 9.54 48,111 11.77

9,046 -9.56 12,055 6.44 13,380 6.00 NA NA

11,139 11.42 14,778 13.93 16,492 10.53 70,792 14.87

HSBC Small Cap Equity Fund - Growth

3Scheme Benchmark (S&P BSE 250 Small Cap Index TRI)




Fund Manager - Kapil Punjabi (For Debt) Effective 18 February 2019. Total Schemes Managed - 9

10,120 1.20 14,278 12.63 NA NA 13,190 6.58

10,644 6.46 14,195 12.41 NA NA 14,688 9.25

11,139 11.42 14,778 13.93 NA NA 14,254 8.50

HSBC Global Consumer Opportunities Fund - Benefiting from 1

China's Growing Consumption Power - Growth

Scheme Benchmark (MSCI AC World Index TRI)


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

17

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 30-Apr-14

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 30-Apr-14



Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes’, there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.

The Performance of HSBC Equity Hybrid Fund (managed by Neelotpal Sahai & Kapil Punjabi) is not given since the scheme has not completed one year from the date of inception.

The Performance of HSBC Large and Mid Cap Equity Fund (managed by Neelotpal Sahai) is not given since the scheme has not completed one year from the date of inception.

The performance details provided herein are of other than Direct Plan - Growth Option. Returns on ̀ 10,000 are point-to-point returns for the specific time period, invested at the start of


Fund Manager - Gautam Bhupal (For Equity) Effective 21 October 2015. Total Schemes Managed - 4

Fund Manager - Anitha Rangan (For Fixed Income) Effective 18 February 2019. Total Schemes Managed 3



Fund Manager - Anitha Rangan (For Fixed Income) Effective 18 February 2019. Total Schemes Managed 3



Fund Manager - Anitha Rangan (For Debt) Effective 18 February 2019. Total Schemes Managed 3


HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India Moderate - Growth

Scheme Benchmark (CRISIL Hybrid 35+65 - Aggressive Index)


Additional Benchmark (CRISIL 10 Year Gilt Index)

10,383 3.84 12,966 9.06 15,404 9.03 17,118 10.97

10,962 9.65 13,910 11.65 16,500 10.54 18,432 12.57

11,139 11.42 14,778 13.93 16,492 10.53 18,824 13.03

11,381 13.85 12,260 7.04 15,075 8.56 15,371 8.68

HSBC Managed Solutions India - Conservative

HSBC Managed Solutions India Conservative - Growth

Scheme Benchmark (Composite index of CRISIL Composite Bond Fund Index (90%) and S&P BSE 200 TRI (10%)



10,532 5.33 11,883 5.93 14,029 7.01 14,668 7.70

11,103 11.06 12,887 8.84 15,645 9.37 16,375 10.02

11,139 11.42 14,778 13.93 16,492 10.53 18,824 13.03

11,381 13.85 12,260 7.04 15,075 8.56 15,371 8.68

18

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

10,362 3.63 13,289 9.96 15,617 9.33 18,005 12.06

10,864 8.66 14,278 12.63 16,650 10.74 19,101 13.35

11,139 11.42 14,778 13.93 16,492 10.53 18,824 13.03

11,381 13.85 12,260 7.04 15,075 8.56 15,371 8.68

HSBC Managed Solutions India - Growth

Scheme Benchmark (Composite index of S&P BSE 200 TRI (80%) and CRISIL Composite Bond Fund Index (20%)



1HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Date of Inception : 24 Feb 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception

Total amount invested (`)

Market Value as on June 28, 2019 (`)

Scheme Returns (%)

MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark (`)

MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark Returns (%)

Nifty 50 TRI - Additional Benchmark (`)

Nifty 50 TRI - Additional Benchmark Returns (%)

120000 360000 600000 640000

124301 407870 747154 804534

6.85 8.34 8.74 8.54

122199 404127 745021 804121

3.49 7.71 8.63 8.52

127792 435157 803461 878279

12.52 12.80 11.67 11.84





Date of Inception : 23 Feb 06

Date of Inception : 05 Jan 07

Date of Inception : 19 May 05

Scheme Name & Benchmarks



1 Year

1 Year

1 Year

3 Years

3 Years

3 Years

5 Years

5 Years

5 Years

Since Inception

Since Inception

Since Inception



Scheme Returns (%)

2S&P BSE India Infrastructure Index TRI - Scheme Benchmark (`)

S&P BSE India Infrastructure Index TRI - Scheme Benchmark Returns (%)





Scheme Returns (%)

S&P BSE 200 TRI - Scheme Benchmark (`)

S&P BSE 200 TRI - Scheme Benchmark Returns (%)





Scheme Returns (%)

3S&P BSE 250 Small Cap Index TRI - Scheme Benchmark (`)

S&P BSE 250 Small Cap Index TRI - Scheme Benchmark Returns (%)



120000 360000 600000 1600000

116963 313110 554920 2072838

-4.74 -8.91 -3.08 3.78

127963 377185 697442 NA

12.77 3.07 5.99 NA

127755 435060 803422 3631583

12.43 12.78 11.67 11.55

120000 360000 600000 1500000

125666 392760 739545 3434472

9.04 5.78 8.33 12.49

125519 420569 789588 3309308

8.80 10.43 10.96 11.95

127755 435060 803422 3225036

12.43 12.78 11.67 11.58

120000 360000 600000 1700000

116906 341615 656403 3695540

-4.83 -3.40 3.56 10.29

115550 342399 651211 NA

-6.92 -3.25 3.25 NA

127755 435060 803422 4209858

12.43 12.78 11.67 11.94



Pursuant to the circular issued by SEBI on 'Categorization and Rationalization of the Schemes', there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.1The said Fund is managed by Anitha Rangan effective February 18, 2019

2The launch date of the S&PBSE India Infrastructure Index (INR) is May 19, 2014 whereas the inception date of the scheme is Feb 23, 2006. Information presented for 5 year

return is back-tested which is available from Mar 31, 2008. The corresponding benchmark returns since inception of the scheme is not available. All index data is available on thewebsite ofAsia Index Pvt. Ltd. a joint venture between BSELtd. and S&PDowJones Indices LLC. (source: http://www.asiaindex.co.in).3Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid scheme

including change in the benchmark to S&P BSE 250 Small Cap Index effective from Mar 14, 2018. The launch date of the S&P BSE 250 Small Cap Index (INR) is November 30, 2017 whereas the inception date of the scheme is May 19, 2005. All information presented prior to the index launch date is back-tested which is available from Mar 31, 2008. The corresponding benchmark returns since inception of the scheme is not available. All index data is available on the website of Asia Index Pvt. Ltd. a joint venture between BSE Ltd. and S&P Dow Jones Indices LLC. (source: http://www.asiaindex.co.in).

The performance details provided herein are of other than Direct Plan - Growth Option. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time The returns for the respective periods are provided as on last available NAV of June 2019 for the respective Schemes. Returns 1 year and Above are Compounded Annualised. Load is not taken into consideration for computation of performance. Different plans shall have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged to the Other than Direct Plan. The performance data of the scheme(s) managed by the respective Fund Manager which has/have not completed 1 year is not provided. Considering the varying maturities of the close ended schemes, the performance of close-ended schemes is not provided as it is strictly not comparable with that of open ended schemes.

19





HSBC Brazil Fund

Date of Inception : 10 Dec 02

Date of Inception : 24 Feb 04

Date of Inception : 17 Mar 08

Date of Inception : 06 May 11





1 Year

1 Year

1 Year

1 Year

3 Years

3 Years

3 Years

3 Years

5 Years

5 Years

5 Years

5 Years

Since Inception

Since Inception

Since Inception

Since Inception



Scheme Returns (%)

1S&P BSE 200 TRI - Scheme Benchmark (`)

S&P BSE 200 TRI - Scheme Benchmark Returns (%)





Scheme Returns (%)

MSCI Emerging Market Index TRI - Scheme Benchmark (`)

MSCI Emerging Market Index TRI - Scheme Benchmark Returns (%)





Scheme Returns (%)

MSCI Brazil 10/40 Index TRI - Scheme Benchmark (`)

MSCI Brazil 10/40 Index TRI - Scheme Benchmark Returns (%)



120000 360000 600000 1850000

121316 381354 713323 5205769

2.08 3.80 6.88 12.37

125519 420569 789588 5467654

8.80 10.43 10.96 12.93

127755 435060 803422 5395042

12.43 12.78 11.67 12.78

120000 360000 600000 1350000

119769 381331 687731 1798332

-0.37 3.80 5.42 4.97

121223 397750 727930 2175324

1.94 6.63 7.70 8.18

127669 434985 803383 2779105

12.34 12.78 11.67 12.23

120000 360000 600000 970000

135842 433533 800435 1160214

25.92 12.54 11.52 4.37

137941 456080 888755 1400165

29.49 16.10 15.77 8.90

127717 435169 803667 1644008

12.40 12.80 11.68 12.75



Pursuant to the circular issued by SEBI on 'Categorization and Rationalization of the Schemes', there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.

1TRI data of Scheme Benchmark is not available since inception of the scheme. Scheme Benchmark performance is calculated using Composite CAGR of S&P BSE 200 PRI values from date 24-Feb-2004 to date 28-Jun-2007 and TRI values since date 01-Aug-2006.


120000 360000 600000 1990000

126675 411401 765084 7089260

10.67 8.92 9.69 13.89

127755 435060 803422 7114928

12.43 12.78 11.67 13.93

128512 444951 817763 7448114

13.67 14.35 12.38 14.40



Scheme Returns (%)

Nifty 50 TRI - Scheme Benchmark (`)

Nifty 50 TRI - Scheme Benchmark Returns (%)

S&P BSE Sensex TRI - Additional Benchmark (`)

S&P BSE Sensex TRI - Additional Benchmark Returns (%)

20

HSBC Global Consumer Opportunities Fund - Benefiting from 3

China's Growing Consumption PowerDate of Inception : 23 Feb 15

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception



Scheme Returns (%)

MSCI AC World Index TRI - Scheme Benchmark (`)

MSCI AC World Index TRI - Scheme Benchmark Returns (%)



120000 360000 NA 520000

123568 413408 NA 633057

5.67 9.26 NA 9.08

123953 421781 NA 655892

6.29 10.64 NA 10.74

127742 435169 NA 680644

12.43 12.80 NA 12.49


1HSBC Managed Solutions India - Moderate - Growth

1HSBC Managed Solutions India - Growth

1HSBC Managed Solutions India - Conservative - Growth

Date of Inception : 30 Apr 14






1 Year

1 Year

1 Year

3 Years

3 Years

3 Years

5 Years

5 Years

5 Years

Since Inception

Since Inception

Since Inception



Scheme Returns (%)

(CRISIL Hybrid 35+65 - Aggressive Index) Scheme Benchmark (`)

(CRISIL Hybrid 35+65 - Aggressive Index) Scheme Benchmark Returns (%)





Scheme Returns (%)

2Customised Benchmark Index - Scheme Benchmark (`)

Customised Benchmark Index - Scheme Benchmark Returns (%)





Scheme Returns (%)

2Customised Benchmark Index - Scheme Benchmark (`)

2Customised Benchmark Index - Scheme Benchmark Returns (%)



120000 360000 600000 620000

123522 391461 729783 762720

5.59 5.55 7.80 7.98

126561 415735 774349 809732

10.49 9.64 10.18 10.30

127717 434976 802942 838857

12.37 12.77 11.65 11.68

120000 360000 600000 620000

124130 393957 738438 772646

6.57 5.98 8.27 8.48

126066 417314 778885 814899

9.69 9.89 10.40 10.54

127717 434976 802942 838857

12.37 12.77 11.65 11.68

120000 360000 600000 620000

122057 384646 692256 721089

3.25 4.38 5.68 5.81

128050 410345 743271 775115

12.92 8.71 8.52 8.60

127717 434976 802942 838857

12.37 12.77 11.65 11.68



Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from Mar 14, 2018.1The said Fund is managed by Anitha Rangan effective February 18, 2019

2Composite index of S&P BSE 200 TRI (80%) and CRISIL Composite Bond Fund Index (20%).

3The said Fund is managed by Kapil Punjabi effective February 18, 2019


The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown 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 given an initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions.

21


HSBC Debt Fund


HSBC Cash Fund



For Debt: Kapil Punjabi (Since 18 Feb 2019)

For Equity: Aditya Khemani ( 24 Feb 2009)Since

Kapil Punjabi Since ( 18 Feb 2019)

Kapil Punjabi ( 23 Dec 2016)Since

Kapil Punjabi ( 14 Mar 2014)Since

Kapil Punjabi ( 18 Oct 2014)Since

Kapil Punjabi Since ( 18 Feb 2019)

Name of Scheme Fund Manager Total Experience

Fund Managers - Debt

Kapil Punjabi: Over 13 Years

Aditya Khemani: Over 14 Years






HSBC FundOvernight Kapil Punjabi ( 201 )Since 22 May 9 Kapil Punjabi: Over 13 Years


HSBC Large and Mid Cap Equity Fund





HSBC Equity Hybrid Fund


HSBC Brazil Fund


HSBC Managed Solutions

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

Neelotpal Sahai (Since 27 May 2013)

Neelotpal Sahai (Since 28 Mar 2019)



Gautam Bhupal (Since 11 May 2018)

Aditya Khemani (Since 24 Feb 2009)

For Equity: Neelotpal Sahai (Since 22 Oct 2018)

For Debt: Kapil Punjabi (Since 18 Feb 2019)

Ranjithgopal K A (Since 27 Feb 2017)

Ranjithgopal K A (Since 27 Feb 2017)

For overseas: Ranjithgopal K A (Since 27 Feb 2017)

For Indian market - Debt: Kapil Punjabi (Since 18 Feb 2019)

For overseas: Ranjithgopal K A (Since 27 Feb 2017),

For Indian Market - Equity: Gautam Bhupal (Since 21 Oct 2015)

For Indian Market - Debt: Anitha Rangan (Since 18 Feb 2019)

For overseas: Ranjithgopal K A (Since 27 Feb 2017)

For Indian Market - Debt: Kapil Punjabi (Since 18 Feb 2019)

Name of Scheme Fund Manager Total Experience

Fund Managers - Equity

Neelotpal Sahai: Over 28 Years




Gautam Bhupal: Over 15 Years

Aditya Khemani: Over 14 Years



Ranjithgopal K A: Over 13 Years





Gautam Bhupal: Over 15 Years

Anitha Rangan: Over 16 Years



22

Fund Details

Date of Allotment: 22-May-19

Benchmark: Overnight CRISIL

Index

NAV (as on 30.6.19)

Growth ` 1,006.0786

Direct Growth 1,006.2438 `

AUM as on ` 116.13 Cr ( 30.6.19)



Kapil Punjabi

Total Experience 1 Years3

Managing this fund Since May 22, 2019

Minimum Investment 1

Lumpsum 5,000 `

SIP 500 `

Additional Purchase 1,000 `

Entry Load : “NA”

Exit Load : NIL

Month End Total Expenses Ratios

(Annualized) 2

Other than Direct 0.26%3

Direct 0.11%

Cash Equivalent

TREPS 14.96%

Reverse Repos 84.59%


Total Net Assets as on 30-Jun-2019 100.00%

Rating % to Net AssetsIssuer

1in multiples of Re 1 thereafter

2TER is annualized and Includes GST on

Investment Management fees3Continuing plans

4YTM Based on invested Amount



• income over short term and high liquidity

• investment in debt & money market instruments with overnight maturity


HSBC Overnight FundOvernight fund – An open ended debt scheme investing in overnight securities

YTM 6.07%4

Average Maturity 0.00 years

Modified Duration 0.00 years

Quantitative Data

Rating Profile

Net Current AssetsReverse Repos/TREPS

99.55%

0.45%

Investment Objective: The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments in overnight securities. However, there is no assurance that the investment objective of the Scheme will be achieved.

Investors understand that their principal will be at Low risk

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Fund Details

Date of Allotment: 04-Dec-02

Benchmark: CRISIL Liquid

Fund Index

NAV (as on 30.6.19)

Growth ` 1,889.2642

Direct Growth 1,895.5712 `

AUM as on ̀4873.02 Cr ( 30.6.19)

AAUM (for the month of June) ̀ 5990.51 Cr


Kapil Punjabi


Managing this fund Since Mar 14, 2014


Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.12%



Bank of Baroda CARE A1+ 5.09%

Union Bank of India [ICRA]A1+ 4.09%

The South Indian Bank CARE A1+ 4.08%

Canara Bank CRISIL A1+ 4.08%

Axis Bank CRISIL A1+ 4.07%

Punjab National Bank CARE A1+ 4.06%

IDFC First Bank [ICRA]A1+ 4.05%

AU Small Finance Bank Fitch A1+ 3.06%

Bank of India CRISIL A1+ 2.04%

Corporation Bank [ICRA]A1+ 2.04%

Commercial Paper 54.81%

PNB Housing Finance CRISIL A1+ 5.10%

KEC International CRISIL A1+ 4.08%

Manappuram Finance CRISIL A1+ 4.08%

Redington (INDIA) CRISIL A1+ 4.08%

Vedanta CRISIL A1+ 4.08%

Tata Motors Finance CARE A1+ 4.07%

Mahindra Rural Housing Fitch A1+ 4.07%Finance

The Ramco Cements [ICRA]A1+ 3.88%

Axis Finance CRISIL A1+ 3.55%

Arvind CARE A1+ 3.06%

Kotak Securities CRISIL A1+ 2.04%

Tata Motors Finance CARE A1+ 2.04%

Rating Rating% to Net AssetsIssuer % to Net AssetsIssuer

Solutions

L & T Finance CARE A1+ 2.04%

Shriram City Union Finance CARE A1+ 2.04%

Bajaj Finance CRISIL A1+ 2.04%

Reliance Jio Infocomm CRISIL A1+ 2.03%

Muthoot Finance [ICRA]A1+ 2.02%

Kotak Mahindra Investments CRISIL A1+ 0.51%

Corporate/ PSU Debt


Tata Capital Financial ICRA AAA 1.95%Services

Housing Development CRISIL AAA 1.03%Finance Corp

Treasury Bill 11.17%

91 DAYS TBILL RED SOVEREIGN 6.11%15-08-2019

91 DAYS TBILL RED SOVEREIGN 5.06%26-09-2019





Investment Management fees3Continuing plans




• Overnight Liquidity over short term

• Invests in Money Market Instruments


HSBC Cash FundAn open ended Liquid Scheme

YTM 6.70%4

Average Maturity 0.11 year

Modified Duration 0.11 year

Quantitative Data

Rating Profile

Net Current AssetsAAA and Equivalents

Sovereign

94.45%

11.17%-5.62%

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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Dividend History ( per unit)`

Dividend is dividend. Upon payment of dividend, the NAV per netunit falls to the extent of payout and statutory levy, if any. Face

value: 10 per unit. For complete dividend history, please refer `

our website "http://www.assetmanagement.hsbc.com/in

Cum Dividend

Record Date/ Plans/Options OtherIndividual

/HUF

Other than Direct - Monthly Dividend

25-Jun-19 3.94013 3.64858 1006.2138

27-May-19 4.54019 4.20424 1007.0469

25-Apr-19 4.55100 4.21425 1006.9521

Direct Plan - Monthly Dividend

25-Jun-19 4.13150 3.82579 1043.6220

27-May-19 4.82373 4.46679 1044.5830

25-Apr-19 4.91826 4.55433 1044.7143

Investors understand that their principal will be at Low risk

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25

Fund Details

Date of Allotment: 17-Oct-06

Benchmark: CRISIL Low Duration

Debt Index

NAV (as on 28.6.19)

Growth ` 15.0376


AUM as on ` 239.31 Cr ( 30.6.19)



Kapil Punjabi


Managing this fund Since Oct 18, 2014


Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.21%



Axis Bank CRISIL A1+ 10.02%

IDFC First Bank [ICRA]A1+ 10.00%

AU Small Finance Bank CRISIL A1+ 9.91%

Bank of Baroda Fitch A1+ 9.80%

Punjab National Bank CRISIL A1+ 3.98%


Small Industries CARE AAA 10.62%Development BK of India

Power Finance Corporation CRISIL AAA 10.43%


Orix Leasing & Financial Fitch AAA 10.20%Services

LIC Housing Finance CRISIL AAA 4.20%


Dewan Housing Finance CARE D 3.66%Corporation


TREPS 4.25%

Reverse Repos 1.32%





Investment Management fees

3Continuing plans




• Liquidity over short term

• Investment in debt and money market instruments such that the Macaulay^ duration of the portfolio is between 6 months to 12 months.


HSBC Low Duration FundAn open ended Low Duration Debt Scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months.

YTM 7.41%4

Average Maturity 0.84 year

Modified Duration 0.78 year

Quantitative Data

Rating Profile

AAA and Equivalent D+/D-/ D and equivalents

Reverse Repos/TREPS

89.57%

3.66%

5.57%

1.20%

Investment Objective: To seek to provide liquidity and reasonable returns by investing primarily in a mix of debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF


27-May-19 0.05001 0.04631 10.1962

25-Apr-19 0.03881 0.03594 10.1807

25-Mar-19 0.05075 0.04699 10.1973


27-May-19 0.05625 0.05208 10.4078

25-Apr-19 0.04465 0.04134 10.3917

25-Mar-19 0.05633 0.05216 10.4079

^The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of the cash flow by the price.

Investors understand that their principal will be at Moderately Low risk

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Net Current Assets

Fund Details


Benchmark: CRISIL Short Term Bond

Fund Index

NAV (as on 28.6.19)

Growth ` 28.1700


AUM as on ` 689.18 Cr ( 30.6.19)



Kapil Punjabi


Managing this fund Since Dec 23, 2016


Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.33%



Punjab National Bank CRISIL A1+ 2.07%

Corporate/ PSU Debt


Housing & Urban CARE AAA 11.99%Development Corp

National Bk for Agriculture CRISIL AAA 11.11%& Rural Dev.



Power Finance Corporation CRISIL AAA 7.19%

Energy Efficiency Services [ICRA]AA- 7.17%

Vedanta CRISIL AA 7.12%


National Housing Bank CARE AAA 3.64%

Volkswagen Finance Pvt Fitch AAA 3.63%

Small Industries CARE AAA 3.60%Development BK of India

Talwandi Sabo Power CRISIL AA (SO) 3.55%


Orix Leasing & Financial Fitch AAA 3.54%Services

Dewan Housing Finance CARE D 3.26%Corporation

Indian Railway Finance CRISIL AAA 1.49%Corporation

National Highways CRISIL AAA 0.73%Authority of India

Tube Investments Of India CRISIL AA+ 0.11%

Government Securities 4.91%

7.37% GOVT OF INDIA RED SOVEREIGN 3.71%16-04-2023



TREPS 1.79%

Reverse Repos 0.55%






3Continuing plans




• Regular Income over Medium term

• Investment in diversified portfolio of fixed income securities such that the Macaulay^ duration of

the portfolio is between 1 year to 3 years*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

HSBC Short Duration FundAn open ended Short Term Debt Scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.

YTM 7.88%4



Quantitative Data


Rating Profile

AA+/AA-/ AA and equivalents

D+/D-/ D and equivalentsAAA and Equivalent

SOVEREIGN

Reverse Repos/ TREPS

69.19%17.95%

3.26%2.34% 2.35%

Investment Objective: To provide reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF


27-May-19 0.07812 0.07234 11.3250

25-Apr-19 0.01509 0.01397 11.2375

25-Mar-19 0.06087 0.05636 11.3011


25-Feb-19 0.04258 0.03943 12.2923

25-Jan-19 0.06066 0.05618 12.3174

26-Dec-18 0.09857 0.09127 12.3700

Other than Direct - Quarterly Dividend

25-Sep-17 0.14445 0.13383 10.3838

Direct Plan - Quarterly Dividend

25-Sep-18 0.08644 0.08004 10.2534

25-Jun-18 0.07203 0.06670 10.2430

26-Mar-18 0.07223 0.06692 10.2380

Investors understand that their principal will be at Moderately Low risk

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Net Current Assets

4.91%

26

Fund Details


Benchmark: CRISIL Composite Bond

Fund Index

NAV (as on 28.6.19)

Growth ` 30.7236


AUM as on ` 41.32 Cr ( 30.6.19)



Kapil Punjabi (For Debt)




Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 1.25%

Corporate/ PSU Debt














TREPS 15.97%

Reverse Repos 4.95%






3Continuing plans




• Regular Income over long term

• Investment in diversified portfolio of fixed income securities such that the Macaulay^ duration of the portfolio is between 4 years to 7 years


HSBC Debt FundAn open ended Medium to Long Term Debt Scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years to 7 years.

Investment Objective: To provide reasonable income through a diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 4 years to 7 years. However, there can be no guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF

YTM 7.18%4



Quantitative Data


Rating Profile

Sovereign

AAA and Equivalent

Reverse Repos/TREPS

Net Current Assets

39.38%37.50%

20.91%

2.21%


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25-Jun-19 0.14406 0.13340 11.3139

25-Mar-19 0.14406 0.13340 11.1001

26-Dec-18 0.14406 0.13340 11.1227

27

28

Fund Details

Date of Allotment: 05-Oct-07

Benchmark: CRISIL Composite Bond

Fund Index

NAV (as on 28.6.19)

Growth ` 25.0609


AUM as on ` 120.42 Cr ( 30.6.19)



Kapil Punjabi




Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.97%

Corporate/ PSU Debt














TREPS 14.00%

Reverse Repos 4.34%



Rating % to Net AssetsIssuer




3Continuing plans




• Regular Income over long term

• Investment in Debt / Money Market Instruments


HSBC Flexi Debt FundAn open ended Dynamic Debt Scheme investing across duration.

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 money market instruments. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF

YTM 7.37%4



Quantitative Data

Rating Profile

SOVEREIGN

AAA and equivalents Reverse Repos/ TREPS

Net Current Assets

52.87%

26.62%

18.34%2.17%


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Regular Plan - Monthly Dividend

28-Jun-13 0.03263 0.03125 10.4175

31-May-13 0.11214 0.10740 10.6718

26-Apr-13 0.05836 0.04973 10.4949


25-Jun-19 0.12082 0.11188 10.7537

27-May-19 0.14695 0.13607 10.7900

25-Mar-19 0.12465 0.11543 10.7589


25-Jun-19 0.08248 0.07637 10.4595

27-May-19 0.14406 0.13340 10.4901

25-Mar-19 0.12533 0.11605 10.4524

Regular Plan - Quarterly Dividend

28-Sep-15 0.18057 0.16729 11.9644

25-Jun-15 0.18057 0.16729 11.8869

25-Mar-15 0.18147 0.16829 12.2052


25-Sep-17 0.18057 0.16729 11.7832

27-Jun-17 0.14445 0.13383 11.9288

27-Mar-17 0.18057 0.16729 11.8718


25-Jun-19 0.14406 0.13340 11.7983

25-Mar-19 0.14406 0.13340 11.5733

26-Dec-18 0.14406 0.13340 11.5488

Regular Plan - Half Yearly Dividend

15-Mar-13 0.35236 0.30201 11.6629

14-Sep-12 0.35236 0.30201 11.4315

Other than Direct - Half Yearly Dividend

25-Mar-19 0.28813 0.26681 11.8636

26-Mar-18 0.28891 0.26767 11.4423

25-Sep-17 0.36113 0.33458 12.1555

Direct Plan - Half Yearly Dividend

25-Mar-19 0.32415 0.30016 11.4145

26-Mar-18 0.28891 0.26767 10.9480

25-Sep-17 0.36113 0.33458 11.6099

Fund Details


Benchmark: CRISIL Hybrid 85+15 -

Conservative Index

NAV (as on 28.6.19)

Growth ` 37.3142


AUM as on ` 112.04 Cr ( 30.6.19)



Kapil Punjabi (For Debt)



Aditya Khemani (for Equity)




Lumpsum 5,000 `

SIP 500 `



Exit Load : 1% if redeemed / switched out

within 1 year from date of allotment, else nil


(Annualized) 2


Direct 0.67%

Corporate/ PSU Debt



Indian Railway Finance CRISIL AAA 7.79%

Corporation

Housing & Urban CARE AAA 4.18%

Development Corp

National Bk for Agriculture CRISIL AAA 3.69%

& Rural Dev.

National Highways CRISIL AAA 3.67%

Authority of India


Tata Sons Pvt CRISIL AAA 2.21%

Can Fin Homes [ICRA]AA+ 2.01%

IDFC First Bank CARE AA 0.89%

Shriram Transport Finance CRISIL AA+ 0.43%

Company

Zero Coupon Bonds 1.52%

IIFL Home Finance [ICRA]AA(SO) 0.76%

India Infoline Finance [ICRA]AA 0.76%

EQUITY 24.53%




Bharti Airtel Telecom - Services 1.19%

Maruti Suzuki India Auto 1.12%


ACC Cement 1.05%





Crompton Greaves Cons Consumer Durables 0.89%

Electrical






Heritage Foods Consumer Non Durables 0.69%

GlaxoSmithKline Consumer Consumer Non 0.69%

Healthcare Durables


Dalmia Bharat Services 0.64%


Nilkamal Industrial Products 0.57%


Indo Count Industries Textiles - Cotton 0.30%



7.17% GOVT OF INDIA RED SOVEREIGN 10.82%

08-01-2028


15-02-2027


28-01-2024


TREPS 9.70%

Reverse Repos 3.01%






3Continuing plans




• Capital appreciation over medium to long term.

• Investment in fixed income (debt and money market instruments) as well as equity and equity related securities.


HSBC Regular Savings FundAn open ended Hybrid Scheme investing predominantly in debt instruments.

YTM 7.56%4



Quantitative Data

Rating Profile

Sovereign

AA+/AA-/ AA and EquivalentsAAA and equivalents

Reverse Repos/ TREPS

Net Current Assets

33.50%22.83%

12.71%

4.85% 1.58%

Investment Objective: Seeks to generate reasonable returns through investments in Debt and Money Market Instruments. The secondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF


25-Jun-19 0.05763 0.05336 12.2427

27-May-19 0.05763 0.05336 12.3140

25-Apr-19 0.05763 0.05336 12.1046


25-Jun-19 0.07924 0.07337 15.4648

27-May-19 0.07924 0.07337 15.5509

25-Apr-19 0.07924 0.07337 15.2815


25-Jun-19 0.18008 0.16676 13.4761

26-Mar-18 0.18057 0.16729 12.8150

26-Dec-17 0.21668 0.20075 13.4488


25-Mar-19 0.18008 0.16676 13.3425

26-Dec-18 0.21610 0.20011 13.4019

25-Sep-18 0.21610 0.20011 13.2921


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Pursuant to the circular issued by SEBI on 'Categorization and Rationalization of the Schemes', there has been change in the fundamental attribute(s) of the aforesaid scheme(s)effective from Mar 14, 2018.

The performance details provided herein are of other than Direct Plan - Growth Option. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of `


Fund Manager - Aditya Khemani (For Equity) Effective . Total Schemes Managed - 224 February 2009

Fund Manager - Kapil Punjabi (For Debt) Effective . Total Schemes Managed - 918 February 2019

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 918 February 2019

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 918 February 2019

30

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Regular Savings Fund Inception Date: 24-Feb-04

HSBC Regular Savings Fund - Growth

Scheme Benchmark (CRISIL Hybrid 85+15 - Conservative Index)

Additional Benchmark (CRISIL ) 1 Year T-Bill Index


10,819 8.21 12,092 6.55 14,194 7.26 37,332 8.96

11,122 11.25 12,916 8.92 15,724 9.48 33,815 8.26

10,793 7.95 12,164 6.76 14,214 7.29 24,781 6.09

11,408 14.075 12,269 7.053 15,086 8.571 23,450 5.708

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Debt Fund Inception Date: 10-Dec-02

HSBC Debt Fund - Growth

Scheme Benchmark (CRISIL Composite Bond Fund Index)

Additional Benchmark (CRISIL 10 year Gilt Index)

11,212 12.16 12,052 6.43 14,307 7.43 30,707 7.01

11,160 11.63 12,602 8.03 15,425 9.06 30,048 6.87

11,381 13.85 12,260 7.04 15,075 8.56 26,950 6.17

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Flexi Debt Fund Inception Date: 05-Oct-07

HSBC Flexi Debt Fund - Growth

Scheme Benchmark (CRISIL Composite Bond Fund Index)

Additional Benchmark (CRISIL ) 10 year Gilt Index

11,123 11.26 12,103 6.58 14,420 7.60 25,055 8.14

11,160 11.63 12,602 8.03 15,425 9.06 24,146 7.80

11,381 13.85 12,260 7.04 15,075 8.56 21,835 6.88



Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective Mar 14, 2018.

1Pursuant 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 1 October 2012, returns since the said date have been considered for calculating performance. The inception date of HSBC Low Duration Fund however is 17 October 2006.

2Pursuant 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 for calculating performance. The inception date of HSBC Cash Fund however is 4 December 2002.

The performance details provided herein are of other than Direct Plan - Growth Option. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of `


Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 923 December 2016

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 918 October 2014

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 914 March 2014

Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Amount in `

Returns(%)

Amount in `

Returns(%)

Amount in `

Since Inception5 Years3 Years1 Year30 Days15 Days7 DaysFund / Benchmark

`(Value of 10,000 invested)

HSBC Cash Fund2

Inception Date: 19-May-11

31

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Short Duration Fund Inception Date: 10-Dec-02

9,874 -1.26 11,117 3.60 13,061 5.49 28,152 6.45

10,903 9.06 12,422 7.51 14,827 8.20 31,427 7.16

10,793 7.95 12,164 6.76 14,214 7.29 26,409 6.04


Scheme Benchmark (CRISIL Short Term Bond Fund Index)

Additional Benchmark (CRISIL 1 Year T-Bill Index)

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Low Duration Fund1 Inception Date: 01-Oct-12

HSBC Low Duration Fund - Growth

Scheme Benchmark (CRISIL Low Duration Debt Index)

Additional Benchmark (CRISIL ) 1 Year T-Bill Index

9,738 -2.63 11,043 3.37 12,938 5.29 15,040 6.24

10,862 8.64 12,529 7.82 14,902 8.31 17,431 8.59

10,793 7.95 12,164 6.76 14,214 7.29 15,960 7.18

10,013 6.53 10,027 6.54 10,055 6.74 10,753 7.51 12,288 7.11 14,440 7.62 18,894 8.15

10,013 6.73 10,026 6.42 10,055 6.75 10,763 7.61 12,305 7.16 14,440 7.62 18,780 8.07

10,012 6.02 10,025 6.17 10,054 6.53 10,716 7.14 12,144 6.69 14,193 7.25 18,196 7.65

HSBC Cash Fund

Scheme Benchmark (CRISIL Liquid Fund Index)

Additional Benchmark (CRISIL 91 Day T-Bill Index)

Application Amount for Fresh Subscription

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

AUM

AUM or Assets Under Management refers to the recent updated cumulative market value of investments managed by a mutual fund or any investment firm.

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

Beta

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 the market. A beta of greater than 1 implies that the security's price will be more volatile than the market.

Exit Load

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 of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be 99 per unit.`

Entry Load

A mutual 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 the time 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, if the NAV is 100 and the entry load is 1%, the investor will enter the fund at 101.` `

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 the distributor, based on his assessment of various factors including the services rendered by the distributor.

Fund Manager

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

Holdings

The holdings or the portfolio is a mutual fund's latest or updated reported statement of investments/securities. These are usually displayed in terms 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 invested by the fund manager.

Minimum Additional Amount

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

Modified Duration

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

NAV

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. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Nature of Scheme

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

Rating Profile

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

Sharpe Ratio

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

SIP

SIP or Systematic Investment Plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. 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.th`

Standard Deviation

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.

Yield to Maturity

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 YTM factors in the bond's current market price, par value, coupon interest rate and time to maturity.

Section II - How to read Factsheet

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NOTES:

All returns have been sourced from Mutual Funds India Explorer software unless otherwise stated.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

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