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The AssetFactsheet – July 2015
Index
Fund Manager Commentary
HSBC Equity Fund
HSBC India Opportunities Fund
HSBC Midcap Equity Fund
HSBC Progressive Themes Fund
HSBC Tax Saver Equity Fund
HSBC Dividend Yield Equity Fund
HSBC Emerging Markets Fund
HSBC Brazil Fund
HSBC Managed Solutions India - Growth
HSBC Managed Solutions India - Moderate
HSBC Managed Solutions India - Conservative
Fund Managers - Equity
Comparative Performance of Equity Schemes
HSBC MIP - Savings Plan
HSBC MIP - Regular Plan
HSBC Income Fund - Investment Plan
HSBC Income Fund - Short Term Plan
HSBC Floating Rate Fund - Long Term Plan
HSBC Cash Fund
HSBC Gilt Fund
HSBC Ultra Short Term Bond Fund
HSBC Flexi Debt Fund
Fund Managers - MIP & Debt
Comparative Performance of MIP & Debt Schemes
HSBC Dynamic Fund
HSBCAsia Pacific (Ex Japan) Dividend Yield Fund
HSBC Global Consumer Opportunities Fund
01
05
06
07
08
09
10
11
12
13
14
15
16
17
19
21
25
26
27
28
29
30
31
32
33
34
35
18
RBI's Monetary Policy
The Reserve Bank of India (RBI) kept the policy rates unchanged in its third bi-monthly monetary policy meet. Moreover, the RBI governorquelled concerns around Monetary Policy Committee (MPC) structure and RBI Governor's veto rights, which will be announced in nearfuture.
Domestic consumption continues to be weak, but manufacturing activity has picked up in July 2015. After strong rainfall in June 2015, the
monsoon is near normal. The kharif sowing for oilseed, pulses and rice are relatively better than year ago. These developments supported by
contingency plans for vulnerable districts provide cushion against adverse weather shocks. The RBI survey indicates flat capacity utilization
and new orders. Decline in corporate sales is partly explained by lower inflation. Overall business confidence is positive
Sharp fall in international commodity prices, especially crude oil and compressed import payments is helping to narrow the trade deficit.
Domestic production shortages and lower international prices were evident in electronic goods, pulses, iron ore and fertilisers. Lower current
account deficit, sustained foreign direct investment and non-resident deposits have helped build all time high forex reserve position despite
slowing portfolio flows. The forex reserves provide buffer against adverse global shocks.
The RBI also mentioned medium term plan for the debt limits of Foreign Portfolio Investors (FPIs) in INR terms and as a percentage of
outstanding debt. These will be positive developments, which can spring on in the next three months.
The RBI has listed down four factors for the future action in rates:
Fuller transmission by banks of the RBI frontloaded rate reductions into their lending rates
Development on food prices and their management especially the effects of monsoon
Continuation of policy efforts to clear the supply side constraints so as to make available key inputs such as power and land as also
repurposing public spending (targeting subsidy) and reducing stalled investment projects
Signs of normalisation of the US monetary policy
Headline Consumer Price Index (CPI) inflation moved up marginally for the month of June 2015 and came above consensus expectations at
5.4% YoY vs. 5% for May 2015. The uptick in the headline inflation was mainly on account of the increase in food inflation. Core inflation also
rose during the month to 4.6% YoY, vs. 4.4% in May 2015.
External Markets:
The Consumer Price Index (CPI) inches up, more than expectation; WPI inflation stays in negative territory
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Bi-Monthly Monetary Policy - OverallAssessment and Outlook
Lead Indicators
Fund Manager Commentary
01
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
Jul-07
Jan-0
8
Jul-08
Jan-0
9
Jul-09
Jan-1
0
Jul-10
Jan-1
1
Jul-11
Jan-1
2
Jul-12
Jan-1
3
Jul-13
Jan-1
4
Jul-14
Jan-1
5
Jul-15
Repo Rate Movement
Repo Rate
0
1
2
3
4
5
6
7
8
9
10
Jan-1
4
Feb-1
4
Mar-
14
Apr-
14
May-1
4
Jun-1
4
Jul-14
Aug-1
4
Sep-1
4
Oct-
14
Nov-1
4
Dec-1
4
Jan-1
5
Feb-1
5
Mar-
15
Apr-
15
May-1
5
Jun-1
5
CPI Inflation (%)
Consumer Price Index (CPI)
Fund Manager Commentary
The Wholesale Price Index (WPI) saw the eighth consecutive month of deflation. Core WPI inflation declined further at -0.9% (YoY vs. -0.6%
in May-15). The impact of fall in international oil & commodity prices weighed on the deflationary trends exhibited by the WPI index.
Industrial Production data as measured by the Index of Industrial Production (IIP) saw a moderation in growth for May 2015 at 2.7% YoY, vs.
3.4% revised growth in April 2015. This reading also came below consensus expectations. The moderation in growth was on account of
contraction in consumer goods and a slowdown in capital goods. As mentioned in the previous commentaries, the IIP growth data should be
viewed along with other macro demand indicators and not in isolation, given the volatility associated with this data point.
Foreign Institutional Investors (FIIs) turned net buyers in Indian equities after a brief pause of two months while inflows from the domestic
Mutual Fund (MF) segment continued on a good momentum. The FII segment saw inflows of USD 882 million during the month of July 2015,
taking the year-to-date (YTD) tally to ~USD 7.1 billion of inflows. The Domestic MFs saw another month of good inflows at ~USD 680 million
and ~USD 5.9 billion (YTD) of net equity inflows.
The trade data failed to bring much cheer as the deficit inched up marginally during June 2015 on the back of weak exports (at USD 10.8
billion vs. 10.4 billion in May 2015). Exports at ~USD 22.3 billion (-15.8% YoY in June 2015 vs. -20.2% in May 2015) remained subdued on the
back of soft commodity exports while manufactured goods export saw some improvement. Imports also declined at USD 33.1 billion in June
2015 (-13.4% YoY vs. -16.5% in May 2015). On the imports front, both oil and gold imports declined during the month while non-oil, non-gold
import growth saw a marginal growth indicating some revival in the domestic demand environment.
The crucial Greek negotiations finally saw a breakthrough with Greece agreeing to meet conditions demanded by creditors for a new bailout
programme funded by the European Stability Mechanism (ESM). With this agreement, the risk of a Grexit (Greek exit from the euro) has
declined. Elsewhere in the US, the Federal Reserve kept its monetary policy unchanged, reiterating that the decision to hike rates will be
data-dependent and that the normalisation process will be gradual. Chinese equity market saw sell-off after hitting a peak in mid-June,
leading to a sharp correction, which is reckoned to be driven by liquidity and leverage rather than fundamentals. In another key development
pertaining to West Asia region, Iran and 6 major world powers including the US, inked a landmark nuclear deal. Under the deal, sanctions
imposed by the US, the European Union and the United Nations will be lifted in return for Iran agreeing to long-term curbs on a nuclear
programme it was pursuing.
Data on Institutional Flows:
Trade deficit data:
Index of Industrial Production (IIP) continues flip-flop
External
Global Economic Scenario
02
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
Jan
-13
Ma
r-1
3
Ma
y-1
3
Jul-
13
Se
p-1
3
No
v-1
3
Jan
-14
Ma
r-1
4
Ma
y-1
4
Jul-
14
Se
p-1
4
No
v-1
4
Jan
-15
Ma
r-1
5
Ma
y-1
5
Index of Industrial Production (IIP)
IIP YoY Growth (New Series; base 2004- 05)
Equity Market Update
Broader market indices outperform
Indian equity market fared relatively well in the midst of a host of global news flows during the month of July 2015. Continued weakness &
further fall in global commodity prices turned out to be a positive factor for India, while some policy announcements towards the end of the
month also helped investor sentiments.
The announcement of a comprehensive package for capital infusion into the Public Sector Banks (PSBs) came as a positive trigger for
markets in general and the PSBs in particular. Under this plan, 22 PSBs will be capitalised over a period of 4 years with the total outlay
proposed at INR 700 billion (~USD 11 billion) to ensure Basel III compliance. The Employee Provident Fund Organisation (EPFO), is
expected to kick-start its maiden equity market investments fromAugust 2015 onwards. The quarterly earnings season has been a mixed bag
so far and has been devoid of any large positive or negative surprises. Monsoon scenario improved marginally after a weak start in July 2015
with the cumulative rainfall deficit narrowing to 5% below normal and this tracked above the full season projection by the Indian
Meteorological Department (IMD) (88% of the Long PeriodAverage). On the flipside, the monsoon session of the Parliament saw disruptions
and this has prevented any meaningful business during the session so far.
Fund Manager Commentary
Market indices S&P BSE Sensex and NSE CNX Nifty gained 1.2% and 2% respectively while the broader market indices
outperformed. S&P BSE Midcap & Smallcap indices saw handsome gains at 5.6% and 6.8% respectively in July 2015.
Indian equity markets held up well during July 2015 amid some volatile global markets and external news flows. The key
aspects to watch-out for in the near term are the progress of the monsoon rainfall for the remainder of the season, the trends
emerging from the quarterly earnings season and the ongoing Monsoon session of the Parliament and the fate of the key
pending legislation items such as the GST implementation and the Land Acquisition bill. Externally, the fall-out of the 'known-
unknown' from the Greece crisis and the US Fed rate hike are the key aspects to watch-out for in the near to medium term.
However, the longer term picture for India is positive and results from equity investments should be judged from a long term
perspective. India remains one of the fastest growing economies in the world and we have witnessed improvement in all macro
parameters during the past couple of years. Most of the macro issues relating to bottom of GDP growth, the peaks of current
account deficit, fiscal deficit, inflation, and interest rates are behind us. With a rebound in GDP, corporate earnings are bound to
recover and revert to mean profitability. However, the pace of the corporate earnings recovery may only be gradual and we
expect FY16 to be a transitional year on this front. Further, reform initiatives by the government and continuation of the
monetary easing cycle by the RBI could help to accelerate the process of revival in domestic growth.
Bond prices continued to remain volatile during the month. Decline of crude prices, continued comments on re-balancing of Foreign
Institutional Investors (FII) limit, stability in global markets particularly Greek solution and normal progression of monsoon all contributed
towards softening of yields. However, Open Market Operation (OMO) sells by the RBI and higher than expected CPI release reversed bulk of
the gain earned during earlier part of the month.
Corporate bond spreads compressed further as market started aligning to new 10 year benchmark government securities. Corporate bonds
also witnessed healthy demand from end-investors as a result of which yields were protected.
Overnight and money market rates eased significantly as system liquidity tuned positive on back of front loading of government expenditure
and reversal of currency leakage (currency movement back into the financial system).
Inflation conditions have evolved around the projected path by the RBI, though there was upwards spike in June 2015. Large base effects are
expected to pull down inflation in July and August 2015. In the coming month's significant uncertainty will be resolved, including the likely
persistence of recent inflationary pressure, monsoon and US Federal Reserve (Fed) interest rate action. This will likely create more room for
accommodation in policy rates.
We also expect amicable solution to monetary policy committee issue, with the RBI Governor indicating that the MPC has benefits of
spreading the responsibility, better decision making and continuity of thought process.
Transmission is the main trigger that the RBI is looking at and the same could be achieved now with strong push from the RBI to banks. Also
with credit growth at single digit and with the government infusing capital, it is imperative for banks to pass on the rate reduction to borrowers.
However, we feel that with the overnight rate at 7.25, it is good value to buy 10 year G-sec at around 7.80 levels. Next one month is likely to
witness balance supply of G-Sec and thereafter September 2015 may witness a limited supply. With ample liquidity and credit offtake at lower
levels, it makes sense for banks to chase the G-sec.
Easing of inflation trends and government's initiatives and policies to ease supply side bottlenecks could pave way for rate reduction in the
second half of the year which augurs well for maintaining duration bias on INR rates.
Equity Market – Going forward
Debt Market Update
Debt Market – Going forward
03Source: Bloomberg, for all data except where mentioned otherwise
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
S&PSensex
S&PBSE100
S&PBSE200
S&PBSE500
S&P
MidCapBSE
S&P BSEMidCap
SmallCap
Indices Performance - Jul 2015
04
Fund Manager Commentary
Consumer Discretionary
Consumer Staples
Energy
Financials
Healthcare
Industrials
Information Technology
Materials
Telecommunication
Utilities
Sectors HSBCEquityFund
HSBC IndiaOpportunities
Fund
HSBCMidcap
Equity Fund #
Overweight Underweight Neutral
# The S&P BSE Midcap Index was reconstituted in mid of April ’2015 and hence the relative sector positioning of the fund vs. the benchmark has changed.
Review: HSBC Equity FundBeing overweight information technology and underweight telecommunication, utilities helped performance while being overweight
consumer discretionary, financials and underweight consumer staples, materials hurt performance.
Review: HSBC India Opportunities FundBeing underweight energy, telecommunication, utilities helped performance while being overweight industrials, information
technology and underweight consumer staples hurt performance.
Review: HSBC Midcap Equity FundBeing overweight consumer discretionary, energy, industrials and underweight consumer staples, financials, healthcare, information
technology, telecommunication, utilities helped performance while being overweight materials hurt performance.
Review: HSBC Progressive Themes Fund
Currently focusing on the following themes;
1. Economic Reforms (23.6%) which includes Financial sector reform- 9.4% and Oil & Gas Sector deregulation sub theme- 14.2% and
2. Infrastructure (59%) which includes Power- 7.1%, Construction– 32.4% and Logistics- 19.5%. Well diversified exposure across
sectors encompassing the above themes.
Review: HSBC Dynamic FundThe cash levels and sector allocation in the fund are likely to change depending on the market conditions and technical factors.
Review: HSBC MIP Regular and Savings PlansOur current exposure is 15.22% in HMIP Regular and 24.30% in HMIP Savings plan. Currently it is more biased towards large caps
than mid or small caps
HSBC Equity Fund (HEF)An Open Ended Diversified Equity Scheme
Investment Objective: Aims to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities.
05
FUND DETAILS
Total Expense Ratio as on July 31, 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
Regular 2.39%
Direct Plan 1.69%
Regular 2.39%
Direct Plan 1.69%
0.59
Excludes service tax on Investment Management fees of 0.20%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.19%of Total NetAssets.
Asset Allocation
Auto 9.76%
AutoAncillaries 2.16%
Banks 26.67%
Cement 2.94%
Construction 2.13%
Construction Project 2.09%
Consumer Non Durables 5.75%
Finance 6.05%
Minerals/Mining 3.76%
Pesticides 2.29%
Petroleum Products 5.92%
Pharmaceuticals 7.50%
Services 2.57%
Software 15.89%
Transportation 2.53%
Reverse Repos/CBLOs 2.19%
Net CurrentAssets -0.20%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on July 31,2015).
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Auto
Auto Ancillaries
Banks
Cement
Construction
Construction Project
Consumer Non Durables
Finance
Minerals/Mining
Pesticides
Petroleum Products
Pharmaceuticals
Services
Software
Transportation
Cash Equivalents
CBLO 1,404.15 2.19%
Net Current Assets -122.00 -0.20%
Total Net Assets As On 31-Jul-2015 64,253.53 100.00%
Tata Motors 2,686.95 4.18%
Maruti Suzuki India 2,512.24 3.91%
Hero Motocorp 1,073.08 1.67%
Motherson Sumi Systems 1,389.80 2.16%
HDFC Bank 5,002.43 7.79%
Axis Bank 3,727.75 5.80%
ICICI Bank 3,024.00 4.71%
Yes Bank 2,072.38 3.23%
Indusind Bank 1,955.40 3.04%
State Bank Of India 1,350.25 2.10%
Ultratech Cement 1,889.49 2.94%
J. Kumar Infraprojects 1,371.78 2.13%
Larsen & Toubro 1,343.44 2.09%
ITC 2,934.00 4.57%
Glaxosmithkline Consumer Healthcare 755.31 1.18%
Bajaj Finance 1,653.39 2.57%
HDFC 1,340.40 2.09%
Shriram Transport Finance Co. 891.40 1.39%
Coal India 2,414.78 3.76%
UPL 1,473.18 2.29%
Reliance Industries 2,654.90 4.13%
Hindustan Petroleum Corporation 1,152.06 1.79%
Glenmark Pharmaceuticals 2,276.78 3.54%
Cadila Healthcare 1,320.80 2.06%
Dr. Reddy's Laboratories 1,222.83 1.90%
Aditya Birla Nuvo 1,649.78 2.57%
Infosys 4,038.94 6.29%
HCL Technologies 2,994.75 4.66%
Tata Consultancy Services 2,510.75 3.91%
Tech Mahindra 663.38 1.03%
Adani Ports & Special Economic Zone 1,625.00 2.53%
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Equity Fund - Dividend
19-Nov-10 2.00000 2.00000 29.3244
22-Feb-13 2.50000 2.50000 26.1962
27-Jun-14 2.50000 2.50000 31.2065
HSBC Equity Fund - Dividend - Direct Plan
22-Feb-13 2.50000 2.50000 26.2505
27-Jun-14 2.50000 2.50000 31.5845
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
10-Dec-02
S&P BSE 200
154.1591
Neelotpal Sahai
Available
10,000
1,000 p.m.(SIP)
Nil
0.96%
0.9468
1.0279
0.0297
`
`
`
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Investment in equity and
equity related securities
HSBC Equity Fund (HEF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC India Opportunities Fund (HIOF)
06
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.44%
Direct Plan 1.74%
Regular 2.45%
Direct Plan 1.75%
0.46
Excludes service tax on Investment Management fees of 0.21%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.14%on Regular Plan and 0.15% on Direct Plan of Total NetAssets.
Asset Allocation
Auto 6.18%AutoAncillaries 3.41%Banks 22.89%Cement 2.39%Chemicals 2.10%Construction 5.07%Construction Project 2.55%Consumer Non Durables 5.47%Finance 3.26%Industrial Products 1.79%Media & Entertainment 1.24%Minerals/Mining 2.50%Pesticides 2.29%Petroleum Products 3.81%Pharmaceuticals 6.98%Software 13.40%Textile Products 4.56%Transportation 2.64%Other Equity Investments 4.34%Reverse Repos/CBLOs 3.62%Net CurrentAssets -0.49%Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Auto
Auto Ancillaries
Banks
Cement
Chemicals
Construction
Construction Project
Consumer Non Durables
Finance
Industrial Products
Media & Entertainment
Minerals/Mining
Pesticides
Petroleum Products
Pharmaceuticals
Software
Textile Products
Transportation
Other Equity Investments 2,282.59 4.34%
Cash Equivalents
CBLO 1,905.09 3.62%
Net Current Assets -265.02 -0.49%
Total Net Assets As On 31-Jul-2015 52,619.78 100.00%
Tata Motors 1,727.33 3.28%
Eicher Motors 1,525.70 2.90%
Apollo Tyres 1,012.75 1.92%
Motherson Sumi Systems 781.76 1.49%
HDFC Bank 3,334.95 6.34%
ICICI Bank 2,721.60 5.17%
Axis Bank 2,695.45 5.12%
Yes Bank 2,072.38 3.94%
Indusind Bank 1,222.13 2.32%
Ultratech Cement 629.83 1.20%
Ahluwalia Contracts (India) 625.23 1.19%
Vinati Organics 1,103.40 2.10%
Prestige Estates Project 715.00 1.36%
MBL Infrastructures 707.38 1.34%
IRB Infrastructure Developers 675.81 1.28%
KNR Constructions 574.15 1.09%
Larsen & Toubro 1,343.44 2.55%
ITC 2,119.00 4.03%
Hindustan Unilever 755.75 1.44%
Shriram Transport Finance Co. 891.40 1.69%
Bajaj Finance 826.70 1.57%
Supreme Industries 940.28 1.79%
DB.corp 655.00 1.24%
Coal India 1,317.15 2.50%
UPL 1,205.33 2.29%
Reliance Industries 2,003.70 3.81%
Glenmark Pharmaceuticals 2,023.80 3.85%
Torrent Pharmaceuticals 1,081.24 2.05%
Aurobindo Pharma 569.93 1.08%
HCL Technologies 2,495.63 4.74%
Infosys 1,938.69 3.68%
Tata Consultancy Services 1,883.06 3.58%
Cyient 735.89 1.40%
Arvind 955.35 1.82%
Indian Terrain Fashions 724.63 1.38%
Welspun India 717.68 1.36%
Gateway Distriparks 740.50 1.41%
Gujarat Pipavav Port 648.18 1.23%
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC India Opportunities Fund - Dividend
HSBC India Opportunities Fund - Dividend Direct Plan
04-Feb-13 1.50000 1.50000 17.7319
27-Jun-14 1.50000 1.50000 23.2323
17-Mar-15 2.70000 2.70000 27.0820
04-Feb-13 1.50000 1.50000 17.7519
27-Jun-14 1.50000 1.50000 23.5020
17-Mar-15 1.50000 1.50000 27.5575
An Open Ended Flexi-Cap Equity Scheme
Investment Objective: Seeks long term capital growth through investments across all market capitalisations, including small,mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move asignificant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
24-Feb-04
S&P BSE 500
66.5858
Neelotpal Sahai
Available
10,000
1,000 p.m.(SIP)
Nil
0.93%
0.9266
0.9961
0.0549
`
`
`
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
Hig
h
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
related securities acrossmarket capitalisations
HSBC India Opportunities Fund (HIOF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Midcap Equity Fund (HMEF)
07
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.49%
Direct Plan 1.79%
Regular 2.51%
Direct Plan 1.81%
0.44
Excludes service tax on Investment Management fees of 0.21%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.17%of Total NetAssets.
Asset Allocation
Auto 1.99%AutoAncillaries 8.15%Banks 7.57%Cement 3.70%Chemicals 3.55%Construction 3.47%Consumer Non Durables 4.72%Finance 14.46%Industrial Capital Goods 5.03%Industrial Products 1.46%Media & Entertainment 1.77%Pesticides 6.21%Petroleum Products 6.55%Pharmaceuticals 4.20%Power 1.53%Software 1.47%Textile Products 7.01%Textiles - Synthetic 1.88%Transportation 5.87%Other Equity Investments 7.41%Reverse Repos/CBLOs 3.42%Net CurrentAssets -1.42%Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Auto
Auto Ancillaries
Banks
Cement
Chemicals
Construction
Consumer Non Durables
Finance
Industrial Capital Goods
Industrial Products
Media & Entertainment
Pesticides
Petroleum Products
Pharmaceuticals
Power
Software
Textile Products
Textiles - Synthetic
Transportation
Vst Tillers Tractors 843.59 1.99%
Apollo Tyres 1,255.81 2.97%
Balkrishna Industries 620.53 1.47%
Ceat 594.91 1.41%
Sundram Fasteners 510.41 1.21%
Suprajit Engineering 463.19 1.09%
Yes Bank 1,442.37 3.41%
DCB Bank 1,289.14 3.05%
Jammu & Kashmir Bank 469.94 1.11%
Prism Cement 645.63 1.53%
Everest Industries 475.38 1.12%
Ahluwalia Contracts (India) 444.90 1.05%
Vinati Organics 1,501.80 3.55%
IRB Infrastructure Developers 759.37 1.79%
National Buildings Construction Corp 712.43 1.68%
CCL Products (India) 1,996.50 4.72%
Indiabulls Housing Finance 1,731.08 4.09%
Motilal Oswal Financial Services 1,548.37 3.66%
Dewan Housing Finance Corporation 1,545.13 3.65%
Cholamandalam Investment & Fin Co. 1,292.98 3.06%
BEML 1,069.42 2.53%
Sanghvi Movers 1,057.46 2.50%
Finolex Industries 617.48 1.46%
Jagran Prakashan 747.87 1.77%
UPL 1,692.81 4.00%
PI Industries 936.68 2.21%
Hindustan Petroleum Corporation 1,852.52 4.38%
Gulf Oil Lubricants 916.23 2.17%
Aurobindo Pharma 1,182.51 2.80%
Torrent Pharmaceuticals 591.08 1.40%
Kalpataru Power Transmission 646.46 1.53%
Sonata Software 621.56 1.47%
Welspun India 1,665.95 3.94%
Arvind 764.28 1.81%
Indian Terrain Fashions 534.56 1.26%
Sarla Performance Fibers 795.59 1.88%
Gujarat Pipavav Port 1,010.68 2.39%
Adani Ports & Special Economic Zone 780.00 1.84%
Gateway Distriparks 692.65 1.64%
Other Equity Investments 3,134.50 7.41%
Cash Equivalents
CBLO 1,448.41 3.42%
Net Current Assets -597.00 -1.42%
Total Net Assets as on 31-Jul-2015 42,305.16 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Midcap Equity Fund - Dividend
24-Mar-08 0.75 0.75 13.3797
11-Dec-09 1.00 1.00 13.8927
19-Nov-10 2.00 2.00 15.4864
An Open Ended Diversified Equity Scheme
Investment Objective: Seeks to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities primarily being midcap stocks. However, it could move a portion of its assets towards fixed income securitiesif the fund manager becomes negative on the Indian equity markets.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
19-May-05
S&P BSE Midcap
41.8339
Dhiraj Sachdev
Available
10,000
1,000 p.m.(SIP)
Nil
1.07%
0.7499
0.9383
0.0459
`
`
`
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
Hig
h
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in predominantly mid
cap equity and equity relatedsecurities
HSBC Midcap Equity Fund (HMEF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Progressive Themes Fund (HPTF)
08
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
23-Feb-06
S&P BSE 200
19.9400
Dhiraj Sachdev
Available
10,000
1,000 p.m.(SIP)
Nil
1.31%
0.7364
1.2394
0.0163
`
`
`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.61%
Direct Plan 1.91%
Regular 2.62%
Direct Plan 1.92%
0.14
Excludes service tax on Investment Management fees of 0.23%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.
Asset Allocation
AutoAncillaries 4.01%Banks 4.43%Cement 9.35%Construction 12.15%Construction Project 2.39%Ferrous Metals 1.55%Finance 4.41%Gas 1.76%Industrial Capital Goods 8.25%Industrial Products 8.28%Minerals/Mining 1.64%Oil 1.25%Petroleum Products 11.14%Power 7.07%Transportation 19.48%Other Equity Investments 1.52%Reverse Repos/CBLOs 2.08%Net CurrentAssets -0.76%Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Auto Ancillaries
Banks
Cement
Construction
Construction Project
Ferrous Metals
Finance
Gas
Industrial Capital Goods
Industrial Products
Minerals/Mining
Oil
Petroleum Products
Power
Transportation
Other Equity Investments 223.63 1.52%
Cash Equivalents
CBLO 307.05 2.08%
Net Current Assets -115.67 -0.76%
Total Net Assets As On 31-Jul-2015 14,752.64 100.00%
Apollo Tyres 591.45 4.01%
Jammu & Kashmir Bank 421.18 2.85%
Karnataka Bank 232.49 1.58%
Everest Industries 706.02 4.79%
HIL 351.23 2.38%
Ahluwalia Contracts (india) 321.22 2.18%
National Buildings Construction Corp 876.99 5.94%
IRB Infrastructure Developers 688.10 4.66%
KNR Constructions 228.90 1.55%
Larsen & Toubro 179.13 1.21%
Gammon Infrastructure Projects 174.26 1.18%
Jindal SAW 229.05 1.55%
Rural Electrification Corporation 650.40 4.41%
Gujarat State Petronet 259.40 1.76%
BEML 939.63 6.37%
Sanghvi Movers 277.35 1.88%
FAG Bearings India 1,220.79 8.28%
Gujarat Mineral Development Corporation 241.97 1.64%
Aban Offshore 184.75 1.25%
Hindustan Petroleum Corporation 1,354.83 9.18%
Indian Oil Corporation 289.87 1.96%
Power Grid Corporation Of India 390.50 2.65%
Reliance Infrastructure 263.27 1.78%
PTC India 221.57 1.50%
JSW Energy 168.60 1.14%
Gujarat Pipavav Port 1,166.72 7.91%
Gateway Distriparks 918.23 6.22%
Adani Ports & Special Economic Zone 789.75 5.35%
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Progressive Themes Dividend
11-May-07 1.00 1.00 12.2390
26-May-08 1.00 1.00 13.7160
An Open Ended Flexi-Theme Equity Scheme
Investment Objective: Seeks to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities by investing primarily in sectors, areas and themes that play an important role in, and/or benefit from India'sprogress, reform process and economic development.
Investors understand that their principalwill be at High risk
Riskometer
Mod
erately Moderate
Low
Hig
h
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
related securities, primarily inthemes that play an importantrole in India's economicdevelopment
HSBC Progressive Themes Fund (HPTF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Tax Saver Equity Fund (HTSF)
09
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
05-Jan-07
S&P BSE 200
27.8531
Aditya Khemani
Available
500
(Lumpsum & SIP)
Nil
0.90%
0.8804
0.9262
0.0578
`
`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.58%
Direct Plan 1.88%
Regular 2.58%
Direct Plan 1.88%
0.48
Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.21%of Total NetAssets.
Asset Allocation
Auto 6.41%
AutoAncillaries 7.28%
Banks 25.08%
Cement 4.03%
Construction Project 3.42%
Consumer Non Durables 2.84%
Finance 5.32%
Industrial Capital Goods 2.23%
Industrial Products 3.08%
Minerals/Mining 1.73%
Oil 1.69%
Pesticides 1.26%
Petroleum Products 1.39%
Pharmaceuticals 8.37%
Services 2.25%
Software 11.53%
Textile Products 7.40%
Transportation 4.19%
Reverse Repos/CBLOs 0.78%
Net CurrentAssets -0.28%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Auto
Auto Ancillaries
Banks
Cement
Construction Project
Consumer Non Durables
Finance
Industrial Capital Goods
Industrial Products
Minerals/Mining
Oil
Pesticides
Petroleum Products
Pharmaceuticals
Services
Software
Textile Products
Transportation
Maruti Suzuki India 876.38 4.59%
Tata Motors 346.45 1.82%
MRF 428.00 2.24%
Amara Raja Batteries 419.46 2.20%
Apollo Tyres 344.34 1.81%
Motherson Sumi Systems 197.33 1.03%
HDFC Bank 1,067.18 5.59%
Axis Bank 937.67 4.92%
ICICI Bank 902.66 4.73%
Indusind Bank 684.39 3.59%
Federal Bank 441.81 2.32%
Jammu & Kashmir Bank 411.59 2.16%
State Bank Of India 337.56 1.77%
The Ramco Cements 395.94 2.08%
Ultratech Cement 371.60 1.95%
Larsen & Toubro 652.02 3.42%
ITC 541.48 2.84%
LIC Housing Finance 451.42 2.37%
HDFC 294.89 1.55%
Shriram Transport Finance Co. 267.42 1.40%
Crompton Greaves 426.18 2.23%
Finolex Industries 303.23 1.59%
Supreme Industries 284.46 1.49%
Coal India 329.29 1.73%
Oil & Natural Gas Corporation 321.79 1.69%
UPL 241.07 1.26%
Reliance Industries 265.49 1.39%
Dr. Reddy's Laboratories 448.37 2.35%
IPCA Laboratories 431.95 2.26%
Glenmark Pharmaceuticals 404.76 2.12%
Sun Pharmaceutical Industries 312.51 1.64%
Aditya Birla Nuvo 428.94 2.25%
Tata Consultancy Services 1,016.85 5.33%
Infosys 784.09 4.11%
HCL Technologies 399.30 2.09%
Arvind 579.58 3.04%
Welspun India 519.74 2.72%
Indian Terrain Fashions 312.60 1.64%
Gateway Distriparks 422.09 2.21%
Adani Ports & Special Economic Zone 377.00 1.98%
Other Equity Investments 0.00 0.00%
Cash Equivalents
CBLO 149.52 0.78%
Net Current Assets -52.25 -0.28%
Total Net Assets As On 31-Jul-2015 19,076.14 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Tax Saver Equity Fund Dividend
HSBC Tax Saver Equity Fund Dividend Direct
19-Feb-10 1.00000 1.00000 12.8713
17-Oct-14 1.50000 1.50000 22.1053
17-Mar-15 2.50000 2.50000 23.9029
17-Oct-14 1.50000 1.50000 22.4083
17-Mar-15 2.50000 2.50000 24.3256
An Open Ended Equity Linked Savings Scheme (ELSS)
Investment Objective: Aims to provide long term capital appreciation by investing in a diversified portfolio of equity & equityrelated instruments of companies across various sectors and industries, with no capitalisation bias. The Fund may also investin fixed income securities.
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
Hig
h
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
related securities with nomarket capitilastion bias
HSBC Tax Saver Equity Fund (HTSF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Dynamic Fund (HDF)
10
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
24-Sep-07
S&P BSE 200
14.1073
Neelotpal Sahai
(for Equity portion)
Sanjay Shah
(for Fixed Income portion)
Available
10,000
1,000 p.m.(SIP)
Nil
`
`
`
0.78%
0.9327
0.8261
0.0248
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.69%
Direct Plan 1.99%
Excludes service tax on Investment Management fees of 0.24%of Total NetAssets.
Regular 2.69%
Direct Plan 1.99%
0.73
Excludes service tax on Investment Management fees of 0.22%on Regular Plan and 0.23% on Direct Plan of Total NetAssets.
Asset Allocation
Auto 5.92%AutoAncillaries 1.44%Banks 18.05%Cement 2.00%Construction Project 3.71%Consumer Non Durables 6.25%Finance 3.20%Minerals/Mining 1.96%Pesticides 2.13%Petroleum Products 4.30%Pharmaceuticals 5.84%Power 2.08%Software 8.79%Telecom - Services 1.87%Transportation 2.84%Other Equity Investments 1.84%Reverse Repos/CBLOs 28.35%Net CurrentAssets -0.57%Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Scheme
Investment Objective: To provide long term capital appreciation by allocating funds in equity and equity related instruments. It
also has the flexibility to move, entirely if required, into debt instruments in times that the view on equity markets seems negative.
Auto
Auto Ancillaries
Banks
Cement
Construction Project
Consumer Non Durables
Finance
Minerals/Mining
Pesticides
Petroleum Products
Pharmaceuticals
Power
Software
Telecom - Services
Transportation
Tata Motors 276.37 4.40%
Maruti Suzuki India 95.29 1.52%
Motherson Sumi Systems 90.34 1.44%
HDFC Bank 455.78 7.25%
ICICI Bank 275.18 4.38%
Axis Bank 229.40 3.65%
Yes Bank 174.08 2.77%
Ultratech Cement 125.97 2.00%
Larsen & Toubro 232.86 3.71%
ITC 286.88 4.56%
Hindustan Unilever 105.99 1.69%
HDFC 201.06 3.20%
Coal India 122.93 1.96%
UPL 133.93 2.13%
Reliance Industries 270.50 4.30%
Glenmark Pharmaceuticals 202.38 3.22%
Sun Pharmaceutical Industries 164.48 2.62%
Power Grid Corporation Of India 130.64 2.08%
Infosys 323.12 5.14%
HCL Technologies 229.60 3.65%
Bharti Airtel 117.26 1.87%
Adani Ports & Special Economic Zone 178.75 2.84%
Other Equity Investments 115.44 1.84%
Cash Equivalents
CBLO 1,781.65 28.35%
Net Current Assets -34.94 -0.57%
Total Net Assets As On 31-Jul-2015 6,284.93 100.00%Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
Hig
h
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
related securities and in debtinstruments when view onequity markets is negative
HSBC Dynamic Fund (HDF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Dividend Yield Equity Fund (HDYEF)
11
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
21-Mar-07
S&P BSE 200
16.5934
Gaurav Mehrotra &
Amaresh Mishra
Available
10,000
1,000 p.m.(SIP)
Nil
0.87%
0.9220
0.9204
0.0329
`
`
`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
Portfolio Turnover
July 31
Regular 2.34%
Direct Plan 1.64%
Regular 2.34%
Direct Plan 1.64%
0.24
Excludes service tax on Investment Management fees of 0.19%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.18%of Total NetAssets.
Asset Allocation
Auto 6.35%
AutoAncillaries 5.14%
Banks 20.52%
Cement 1.52%
Chemicals 1.59%
Construction 2.12%
Construction Project 4.00%
Consumer Non Durables 7.47%
Finance 4.77%
Industrial Products 1.55%
Minerals/Mining 6.27%
Non - Ferrous Metals 2.38%
Oil 2.74%
Petroleum Products 3.89%
Pharmaceuticals 3.59%
Power 2.78%
Software 17.47%
Transportation 3.24%
Other Equity Investments 0.66%
Reverse Repos/CBLOs 2.09%
Net CurrentAssets -0.14%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Equity Scheme
Investment Objective: To provide long-term capital growth from a diversified portfolio of equity and equity related
instruments. The focus would be to invest in stocks of companies facing "out-of-ordinary" conditions.
Auto
Auto Ancillaries
Banks
Cement
Chemicals
Construction
Construction Project
Consumer Non Durables
Finance
Industrial Products
Minerals/Mining
Non - Ferrous Metals
Oil
Petroleum Products
Pharmaceuticals
Power
Software
Transportation
Hero Motocorp 135.48 2.93%
Maruti Suzuki India 94.64 2.05%
Tata Motors 63.15 1.37%
MRF 125.78 2.72%
Amara Raja Batteries 112.06 2.42%
ICICI Bank 357.13 7.73%
Axis Bank 200.73 4.34%
Karur Vysya Bank 159.32 3.45%
HDFC Bank 155.63 3.37%
Jammu & Kashmir Bank 75.18 1.63%
ACC 70.06 1.52%
Tata Chemicals 73.50 1.59%
IRB Infrastructure Developers 97.81 2.12%
Larsen & Toubro 184.95 4.00%
ITC 251.39 5.44%
Hindustan Unilever 94.04 2.03%
Indiabulls Housing Finance 118.11 2.56%
IDFC 101.93 2.21%
Supreme Industries 71.59 1.55%
Coal India 289.77 6.27%
Hindustan Zinc 110.09 2.38%
Oil & Natural Gas Corporation 126.81 2.74%
Bharat Petroleum Corporation 129.75 2.81%
Reliance Industries 50.09 1.08%
Lupin 92.06 1.99%
Sun Pharmaceutical Industries 74.02 1.60%
NTPC 128.30 2.78%
Infosys 379.77 8.22%
Tata Consultancy Services 213.41 4.62%
Wipro 124.80 2.70%
Eclerx Services 89.10 1.93%
Gateway Distriparks 149.83 3.24%
Other Equity Investments 30.43 0.66%
Cash Equivalents
CBLO 96.59 2.09%
Net Current Assets -4.94 -0.14%
Total Net Assets As On 31-Jul-2015 4,622.36 100.00%
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
r e l a t e d s e c u r i t i e s o fcompanies facing "out-of-ordinary" conditions
HSBC Dividend Yield Equity Fund (HDYEF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Emerging Markets Fund (HEMF)
12
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.69%
Direct Plan 1.99%
(inclusive of underlying scheme's expenses)
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.12%of Total NetAssets.
Regular 2.69%
Direct Plan 1.99%
Excludes service tax on Investment Management fees of 0.12%of Total NetAssets.
Asset Allocation
Overseas Mutual Fund 98.38%
Reverse Repos/CBLOs 2.35%
Net CurrentAssets -0.73%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
FUND PORTFOLIO
Overseas Mutual Fund
Cash Equivalents
CBLO 23.02 2.35%
Net Current Assets -7.12 -0.73%
HSBC GIF Glob Emerg Mkts Eq S1 Dis 965.35 98.38%
Total Net Assets as on 31-Jul-2015 981.25 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Scheme
Investment Objective: To provide long term capital appreciation by investing in India and in the emerging markets, in equityand equity related instruments, share classes and units/securities issued by overseas mutual funds or unit trusts. The fund mayalso invest a limited proportion in domestic debt and money market instruments.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
17-Mar-08
MSCI EmergingMarkets Index
10.6740
Anitha Rangan(Dedicated fund
manager foroverseas
investments)
Available
10,000
1,000 p.m.(SIP)
Nil
0.71%
0.5100
0.9310
-0.0290
`
`
` Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC - Emerging Market Fund - Dividend
HSBC - Emerging Market Fund - Dividend - Direct Plan
27-Jun-14 0.50000 0.50000 11.5335
27-Jun-14 0.50000 0.50000 11.6656
Investors understand that their principalwill be at High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Investment in equity and
equity related securities ofEmerging economies
HSBC Emerging Markets Fund (HEMF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Asia Pacific (Ex Japan)Dividend Yield Fund (HAPDF)
13
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.29%
Direct Plan 1.59%
(inclusive of underlying scheme's expenses)
Regular 2.29%
Direct Plan 1.59%
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.09%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.09%of Total NetAssets.
Asset Allocation
Overseas Mutual Fund 96.11%
Reverse Repos/CBLOs 2.65%
Net CurrentAssets 1.24%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Overseas Mutual Fund
Cash Equivalents
CBLO 68.63 2.65%
Net Current Assets 32.07 1.24%
HSBC GIF Asia Pacific Ex Japan Eq HD-S9D 2,490.62 96.11%
Total Net Assets as on 31-Jul-2015 2,591.32 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Fund of Funds Scheme
Investment Objective: The primary investment objective of the Scheme is to provide long term capital appreciation byinvesting predominantly in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High Dividend Fund(HEHDF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of liquidmutual fund schemes, in order to meet liquidity requirements from time to time. However, there is no assurance that theinvestment objective of the Scheme will be achieved.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
24-Feb-14
MSCI AC Asia Pacific
ex Japan
10.3576
Anitha Rangan (foroverseas investments),
Sanjay Shah (forinvestments in Indian
Market)
Available
10,000
1,000 p.m.(SIP)
Nil
0.55%
0.6480
0.7240
-0.0340
`
`
`
Investors understand that their principalwill be at High risk
RiskometerRiskometer
Mod
erately
Mod
erately ModerateModerate
Low
Low
High
High
Low
Low
HighHigh
LOWLOW HIGHHIGH
Moderately
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Investment in equity and equity
related securities of Asia Pacificcountries (excluding Japan)through fund of funds route
HSBC Asia Pacific (Ex Japan)Dividend Yield Fund (HAPDF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Brazil Fund (HBF)
14
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.69%
Direct Plan 1.99%
(inclusive of underlying scheme's expenses)
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.12%of Total NetAssets.
Regular 2.69%
Direct Plan 1.99%
Excludes service tax on Investment Management fees of 0.12%.of Total NetAssets.
Asset Allocation
Overseas Mutual Fund 97.88%
Reverse Repos/CBLOs 3.32%
Net CurrentAssets -1.20%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Overseas Mutual Fund
Cash Equivalents
CBLO 104.49 3.32%
Net Current Assets -37.89 -1.20%
HSBC GIF Brazil Equity S3D 3,081.95 97.88%
Total Net Assets as on 31-Jul-2015 3,148.55 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open-Ended Fund of Funds Scheme
Investment Objective: The primary investment objective of the Scheme is to provide long term capital appreciation byinvesting predominantly in units/shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at thediscretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which mayconstitute a significant part of its corpus. The Scheme may also invest a certain proportion of its corpus in money marketinstruments and/or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Manager
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
06-May-11
MSCI Brazil 10/40 Index
5.5883
Anitha Rangan(Dedicated fund
manager for overseasinvestments)
Available
10,000
1,000 p.m.(SIP)
Nil
1.51%
0.4540
0.7310
-0.0390
`
`
`
Investors understand that their principalwill be at High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long
term• Invests in equity and equity
related securities throughfeeder route in Brazilianmarkets
HSBC Brazil Fund (HBF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Managed Solutions India - Growth (HMSG)
15
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.27%
Direct Plan 2.00%
(inclusive of underlying scheme's expenses)
Regular 2.29%
Direct Plan 2.02%
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.19% on the underlying scheme's inwhich the fund of fund invests.
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.18% on the underlying scheme's inwhich the fund of fund invests.
Asset Allocation
Mutual Fund 98.06%
Reverse Repos/CBLOs 3.51%
Net CurrentAssets -1.57%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Mutual Fund
Cash Equivalents
CBLO 472.06 3.51%
Net Current Assets -211.43 -1.57%
HSBC Equity Fund - Growth Direct 7,246.80 53.83%
HSBC Midcap Equity Fund - Growth Direct 2,426.41 18.02%
HSBC Income Fund Short Term - Growth Direct 1,759.64 13.07%
HSBC Income Fund Inv Plan Growth Direct 1,341.71 9.97%
HSBC Flexi Debt Fund Growth Direct 426.62 3.17%
Total Net Assets As On 31-Jul-2015 13,461.81 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Fund of Funds Scheme
Investment Objective: The objective of the Plan is to provide long term total return primarily by seeking capital appreciationthrough an active asset allocation with diversification commensurate with the risk profile of investments by investingpredominantly in units of equity mutual funds as well as in a basket of debt mutual funds gold exchange traded funds (ETFs) andother ETFs, offshore mutual funds and money market instruments.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
30-Apr-14
Composite Index constituting80% of S&P BSE 200 Index
and 20% of CRISILBond Index
13.2761
Anitha Rangan (DedicatedFund Manager for investments
in foreign securities)
Gaurav Mehrotra (Formanaging investments in
Indian Market – Equity Portion)
Sanjay Shah (For managinginvestments in Indian Market –
Fixed Income Portion)
Available
5,000
1,000 p.m.(SIP)
Nil
0.75%
0.9376
0.8068
0.0382
Composite
`
`
`
Investors understand that their principalwill be at Moderately High risk
Riskometer
M
oderately Moderate
Low
High
LowHigh
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long term• Investing predominantly in units
of equity mutual funds as well asin a basket of debt mutual funds,gold & exchange traded funds,offshore mutual funds andmoney market instruments.
HSBC Managed Solutions India - Growth
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Managed Solutions India - Moderate (HMSM)
16
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.07%
Direct Plan 1.82%
(inclusive of underlying scheme's expenses)
Regular 2.11%
Direct Plan 1.84%
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.15% on the underlying scheme's inwhich the fund of fund invests.
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.14% on the underlying scheme's inwhich the fund of fund invests.
Asset Allocation
Mutual Fund 97.86%
Reverse Repos/CBLOs 3.35%
Net CurrentAssets -1.21%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Mutual Fund
Cash Equivalents
CBLO 843.83 3.35%
Net Current Assets -301.75 -1.21%
HSBC Equity Fund - Growth Direct 9,112.07 36.18%
HSBC Income Fund Short Term - Growth Direct 6,226.10 24.72%
HSBC Flexi Debt Fund Growth Direct 4,250.79 16.88%
HSBC Midcap Equity Fund - Growth Direct 3,051.07 12.11%
HSBC Income Fund Inv Plan Growth Direct 2,006.42 7.97%
Total Net Assets As On 31-Jul-2015 25,188.52 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Fund of Funds Scheme
Investment Objective: The objective of the fund is to provide long term total return aimed at capital appreciation and providingincome through an active asset allocation with diversification commensurate with the risk profile of investments by investing in abasket of debt mutual funds, equity mutual funds, gold ETFs and other ETFs, offshore mutual funds and money marketinstruments.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
30-Apr-14
CRISIL Balanced Fund Index
12.6704
Anitha Rangan (DedicatedFund Manager for investments
in foreign securities)
Gaurav Mehrotra (Formanaging investments in
Indian Market – Equity Portion)
Sanjay Shah (For managinginvestments in Indian Market –
Fixed Income Portion)
Available
5,000
1,000 p.m.(SIP)
Nil
0.53%
0.6830
0.6438
0.0443
`
`
`
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth and provide
income over the long term• Investments in a basket of debt
mutual funds, equity mutualfunds, gold & exchange tradedfunds, offshore mutual fundsand money market instruments.
HSBC Managed Solutions India - Moderate
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Managed Solutions India - Conservative (HMSC)
17
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 1.65%
Direct Plan 1.40%
(inclusive of underlying scheme's expenses)
Regular 1.64%
Direct Plan 1.40%
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.09% on the underlying scheme's inwhich the fund of fund invests.
Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.08% on Regular Plan and 0.09% onDirect Plan on the underlying scheme's in which the fund of fundinvests.
Asset Allocation
Mutual Fund 98.84%
Reverse Repos/CBLOs 1.59%
Net CurrentAssets -0.43%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Mutual Fund
Cash Equivalents
CBLO 506.54 1.59%
Net Current Assets -138.24 -0.43%
HSBC Income Fund Short Term - Growth Direct 13,423.48 42.17%
HSBC Flexi Debt Fund Growth Direct 10,417.68 32.73%
HSBC Equity Fund - Growth Direct 3,456.24 10.86%
HSBC Income Fund Inv Plan Growth Direct 1,895.43 5.95%
HSBC Midcap Equity Fund - Growth Direct 1,166.18 3.66%
HDFC Income Fund Direct Plan - Growth 1,102.95 3.47%
Total Net Assets As On 31-Jul-2015 31,830.26 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open Ended Fund of Funds Scheme
Investment Objective: The objective of the Plan is to provide long term total return aimed at providing income through an active
asset allocation with diversification commensurate with the risk profile of investments by predominantly investing in units of debt
mutual funds as well as in a basket of equity mutual funds, gold ETFs and other ETFs and money market instruments.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
30-Apr-14
Composite Index constitutingof 90% into CRISIL Composite
Bond Index and 10% of S&PBSE 200 Index
11.6762
Anitha Rangan (DedicatedFund Manager for investments
in foreign securities)
Gaurav Mehrotra (Formanaging investments in
Indian Market – Equity Portion)
Sanjay Shah (For managinginvestments in Indian Market –
Fixed Income Portion)
Available
5,000
1,000 p.m.(SIP)
Nil
0.21%
0.7718
0.2008
0.0617
`
`
`
This product is suitable forinvestors who are seeking*:• To create wealth over long term• Investing predominantly in
units of debt mutual funds aswell as in a basket of equitymutual funds, gold & otherexchange traded funds andmoney market instruments.
Investors understand that their principalwill be at Moderate risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
HSBC Managed Solutions India - Conservative
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Global Consumer Opportunities Fund -(HGCOF)
Benefiting from China’sGrowing Consumption Power
18
FUND DETAILS
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 2.34%
Direct Plan 1.64%
(inclusive of underlying scheme's expenses)
Regular 2.34%
Direct Plan 1.64%
(inclusive of underlying scheme's expenses)
Excludes service tax on Investment Management fees of 0.10%of Total Net Assets and of 0.00% on the underlying scheme's inwhich the fund of fund invests.
Excludes service tax on Investment Management fees of 0.09%of Total Net Assets and of 0.00% on the underlying scheme's inwhich the fund of fund invests.
Asset Allocation
Overseas Mutual Fund 98.24%
Reverse Repos/CBLOs 2.51%
Net CurrentAssets -0.75%
Total NetAssets 100.00%
Statistical ratios disclosed as per daily returns of the last 3years/since inception, whichever is later.
@ Effective from March 1, 2013 for prospective investments.
**Risk free rate:7.62% (364 days Treasury bill yield on ,2015).
July 31
FUND PORTFOLIO
Overseas Mutual Fund
Cash Equivalents
CBLO 48.30 2.51%
Net Current Assets -14.56 -0.75%
HSBC GIF - China Consumer Opp S5 Cap 1,887.98 98.24%
Total Net Assets As On 31-Jul-2015 1,921.73 100.00%
IssuerMarket Value
( in Lacs)`
% to NetAssets
An Open-Ended Fund of Funds Scheme
Investment Objective: The primary investment objective of the scheme is to provide long term capital appreciation by investing
predominantly in units of HSBC Global Investment Funds (HGIF) China Consumer Opportunities Fund (Underlying scheme).
The Scheme may, also invest a certain proportion of its corpus in money market instruments and / or units of liquid mutual fund
schemes, in order to meet liquidity requirements from time to time.
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Fund Managers
SIP
Minimum
Application Amount
Exit Load
Standard Deviation
R-Squared
Beta (Slope)
Sharpe Ratio**
per unit
@
Statistical Ratios
23-Feb-15
MSCI AC World Index
10.0809
Anitha Rangan (DedicatedFund Manager) & Sanjay Shah
(for investments in IndianMarket)
Available
1,000 p.m.(SIP)
Nil
0.64%
0.3480
0.6790
-0.0690
`
`
`
5,000
Investors understand that their principalwill be at High risk
Riskometer
M
oderately Moderate
Low
High
LowHigh
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• To create wealth over long term• Investment in equity and equity
related securities around theworld focusing on growingconsumer behaviour of Chinathrough feeder route
HSBC Global Consumer Opportunities Fund - Benefiting fromChina’s Growing Consumption Power (HGCOF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
19
HSBC Equity Fund
HSBC India Opportunities Fund
HSBC Midcap Equity Fund
HSBC Progressive Themes Fund
HSBC Tax Saver Equity Fund
HSBC Dividend Yield Equity Fund
HSBC Dynamic Fund
HSBC Emerging Markets Fund
HSBC Brazil Fund
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund
HSBC Managed Solutions
Neelotpal Sahai (from 27 May 2013)
Neelotpal Sahai (from 27 May 2013)
Dhiraj Sachdev (from 01 December 2009)
Dhiraj Sachdev (from 01 December 2009)
Aditya Khemani (from 24 February 2009)
Gaurav Mehrotra and Amaresh Mishra (from 02 July 2012)
For Equity portion: Neelotpal Sahai (from 27 May 2013) &For Debt portion: Sanjay Shah (from 14 August 2009)
Anitha Rangan (from 18 October 2014)
Anitha Rangan (from 18 October 2014)
For overseas investments: Anitha Rangan (from 18 October 2014) &For investment in Indian markets: Sanjay Shah (from 24 February 2014)
For overseas investment : Anitha Rangan (from 18 October 2014),For Investments in Indian Market - Equity Portion : Gaurav Mehrotra (April 2014)& For Investments in Indian Market - Debt Portion : Sanjay Shah (April 2014)
Name of Scheme Fund Manager
Fund Manager’s Experience
Dhiraj SachdevSenior Vice President and Fund Manager - EquitiesB.Com., ACA, Grad CWA, Diploma in Foreign Trade Management (DFTM)
Experience:
Over 18 years experience in Equity Research and Fund Management.
HSBC Asset Management (India) Private LtdSenior Vice President & Fund Manager, from October 2011 to present,Senior Fund Manager from 1 December 2009 to September 2011,Head of Equity-Portfolio Management Services from October 2005 to November 2009
ASK Raymond James Securities India Private LtdPortfolio Manager from October 2003 to September 2005
HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003
DSQ Software LtdBusiness Analyst from June 1999 to November 1999
Probity Research & Services Ltd (India Infoline Ltd)Research Analyst from November 1998 to May 1999
Ford Brothers Capital Services (P) LtdManager Research from July 1996 to Sept 1998
�
�
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Gaurav Mehrotra
Vice President & Assistant Fund Manager
Post Graduate Diploma in Business Management, Bachelor of Engineering
Over 9 years experience in research.
HSBC Asset Management (India) Private LtdVice President & Assistant Fund Manager, from April 2012 to present,Associate Vice President, Investment Management from September 2007 to March 2012
JPMorgan Services India Private LtdEquity Research from August 2005 to September 2007
Tata Consultancy Services LtdBusiness Analyst from June 2004 to July 2005
Experience:
�
�
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Fund Managers - Equity
20
Neelotpal Sahai
Senior Fund Manager - Equities
B.Tech, PGDM (IIM Kolkata)
Over 21 years of experience in Research and Fund Management.
HSBC Asset Management (India) Private LtdSenior Fund Manager – Equities from April 2013 onwards.
IDFC Asset Management Company Ltd.Director from February 2006 to April 2013
Motilal Oswal Securities LtdSenior Research Analyst from March 2005 to January 2006
Infosys LtdSenior Project Manager from June 1999 to March 2005
Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999
SBC WarburgAnalyst from May 1997 to May 1998
UTI Securities LtdEquity Analyst from June 1995 to May 1997
Experience:
�
�
�
�
�
�
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Aditya Khemani
Vice President & Fund Manager - Equities
B.Com. (Hons.), Post Graduate Diploma in Business Management
Over 9 years experience in research.
HSBC Asset Management (India) Private Ltd
Vice President & Fund Manager (Equity), from April 2012 to present,Assistant Fund Manager, Equities from February 2009 to March 2012;Associate Vice President - Investment Management from October 2007 to February 2009.
SBI Funds Management India Private Ltd
Senior Manager - Equity Research from March 2007 to September 2007
Prudential ICICI Asset Management Company India Private Ltd
Assistant Manager - Equity Research from December 2005 to February 2007
Morgan Stanley Advantage Services India Private Ltd
Research Associate from May 2005 to November 2005
Experience:
�
�
�
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Amaresh Mishra
Vice President & Assistant Fund Manager
Post Graduate Diploma in Business Manager Management
Bachelor of Engineering (Chemical)
Over 9 years of experience in Equities & Sales
HSBC Asset Management (India) Private Ltd
Vice President & Assistant Fund Manager, from April 2012 to present,Associate Vice President, Investment Management from April 2008 to March 2012,Associate Vice President, Equities from October 2007 to March 2008;Associate Vice President, Sales and Distribution from March 2005 to September 2007
Centre for Science and Environment
Trainee Researcher from July 2001 to July 2002
Experience:
�
�
Anitha Rangan
Associate Vice President - Investment Management
PGDBM (SPJIMR, Mumbai); CA; M.Com
Over 8 years of experience in areas of research and risk
HSBC Asset Management (India) Private Ltd
Associate Vice President - Investment Management, from February 2013 onwards
CRISIL Limited
Senior Manager - Customised Industry Research, from December 2010 to May 2012
Nomura Structured Financial Services
Vice President - Credit Research , from December 2008 to November 2010
Lehman Brothers Structured Financial Services Analyst
Credit Research, from June 2006 to November 2008
Ambattur Clothing Limited
Executive - October 2002 to March 2004
Experience:
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Fund Managers - Equity
Funds Managed by Neelotpal Sahai.
HSBC Equity Fund Date of Inception : 10 Dec 02
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Equity Fund - Growth
S&P BSE 200 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HEF, would have become
10,000, if invested in S&P BSE 200, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
6.72% 37.45% 6.20% 24.05%
11.53% 32.58% 8.52% 19.21%
9.61% 29.03% 10.70% 17.85%
10,672 13,745 10,620 1,50,695
11,153 13,258 10,852 91,339
10,961 12,903 11,070 79,028
` ` ` `
` ` ` `
` ` ` `
HSBC India Opportunities Fund
HSBC Dynamic Fund
Date of Inception : 24 Feb 04
Date of Inception : 24 Sep 07
Scheme Name & Benchmarks
Scheme Name & Benchmarks
July 14 -June 15
July 14 -June 15
July 13 -June 14
July 13 -June 14
July 12 -June 13
July 12 -June 13
SinceInception
SinceInception
HSBC India Opportunities Fund - Growth
S&P BSE 500 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HIOF, would have become
10,000, if invested in S&P BSE 500, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
HSBC Dynamic Fund - Growth
S&P BSE 200 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HDF, would have become
10,000, if invested in S&P BSE 200, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
18.28% 53.83% 3.10% 17.94%
10.85% 34.74% 6.98% 14.89%
9.61% 29.03% 10.70% 14.37%
11,828 15,383 10,310 65,157
11,085 13,474 10,698 48,378
10,961 12,903 11,070 45,964
` ` ` `
` ` ` `
` ` ` `
10.88% 26.17% 2.87% 4.42%
11.53% 32.58% 8.52% 6.99%
9.61% 29.03% 10.70% 7.04%
11,088 12,617 10,287 13,997
11,153 13,258 10,852 16,902
10,961 12,903 11,070 16,970
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
Fund Managed by Neelotpal Sahai (for Equity portion)Sanjay Shah (for Fixed Income portion)
Past performance may or may not be sustained in the future. Refer note below.
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns are compounded annualised, other % returnsare absolute. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark is prescribed by SEBI for long-term equity schemes and is used forcomparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period. The returns provided above have been
rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above
`
`
.
Comparative Performance of Equity Schemes
Funds Managed by - Anitha Rangan.
HSBC Emerging Markets Fund Date of Inception : 17 Mar 08
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Emerging Markets Fund - Growth
MSCI Emerging Market Index (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HMEF, would have become
10,000, if invested in MSCI Emerging Market Index, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
-1.32% 16.73% 3.36% 1.99%
3.48% 11.27% 3.28% 2.07%
9.61% 29.03% 10.70% 8.87%
9,868 11,673 10,336 11,543
10,348 11,127 10,328 11,609
10,961 12,903 11,070 18,588
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
21
HSBC Brazil Fund
HSBC Asia Pacific (Ex Japan) DividendYield Fund
Date Of Inception : 06 May 11
Date of Inception : 24 Feb 14
Scheme Name & Benchmarks
Scheme Name & Benchmarks
July 14 -June 15
July 14 - June 15
July 13 -June 14
July 12 -June 13
SinceInception
Since Inception
HSBC Brazil Fund - Growth
MSCI Brazil 10/40 Index (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HBF, would have become
10,000, if invested in MSCI Brazil 10/40 Index, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund - Growth
MSCI AC Asia Pacific ex Japan (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HAPDF, would have become
10,000, if invested in MSCI AC Asia Pacific ex Japan, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
-31.31% 9.03% -6.06% -10.14%
-29.63% 10.99% -14.18% -15.60%
9.61% 29.03% 10.70% 10.39%
6,869 10,903 9,394 6,413
7,037 11,099 8,582 4,941
10,961 12,903 11,070 15,079
` ` ` `
` ` ` `
` ` ` `
2.08% 5.52%
-3.60% 2.86%
9.61% 25.19%
10,208 10,752
9,640 10,387
10,961 13,536
` `
` `
` `
Past performance may or may not be sustained in the future. Refer note below
Past performance may or may not be sustained in the future. Refer note below.
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are absolute. ‘Since inception’ returns are calculated on 10 invested at inception. Standardbenchmark is prescribed by SEBI for long-term equity schemes and is used for comparison purposes. Returns on 10,000 are point-to-pointreturns for the specific time period, invested at the start of the period. The returns provided above have been rounded off and hence theremay be minor differences between point-to-point returns vis-a-vis returns indicated above.
`
`
Comparative Performance of Equity Schemes
Fund Managed by Gaurav Mehrotra and Amaresh Mishra.
HSBC Dividend Yield Equity Fund Date of Inception : 21 Mar 07
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Dividend Yield Equity Fund - Growth
S&P BSE 200 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HUOF, would have become
10,000, if invested in S&P BSE 200, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
10.39% 38.08% 3.00% 6.05%
11.53% 32.58% 8.52% 10.42%
9.61% 29.03% 10.70% 10.13%
11,039 13,808 10,300 16,272
11,153 13,258 10,852 22,739
10,961 12,903 11,070 22,236
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
22
HSBC Tax Saver Equity Fund Date of Inception : 05 Jan 07
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Tax Saver Equity Fund - Growth
S&P BSE 200 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HTSF, would have become
10,000, if invested in S&P BSE 200, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
14.17% 44.72% 12.40% 12.22%
11.53% 32.58% 8.52% 9.16%
9.61% 29.03% 10.70% 9.14%
11,417 14,472 11,240 26,613
11,153 13,258 10,852 21,043
10,961 12,903 11,070 21,014
` ` ` `
` ` ` `
` ` ` `
Fund Managed by - Aditya Khemani.
Past performance may or may not be sustained in the future. Refer note below.
* On account of change in the index composition of the benchmark of HMEF (S&P BSE Midcap), vide BSE Notification dtd 10 April, 2015,the returns for this benchmark are different when compared to the historically published returns.Further, as the index data for S&P BSE Midcap is available only from Sept 16, 2005, the 'Since inception' returns for both this index and thescheme have been calculated from this date onwards.
Comparative Performance of Equity Schemes
Funds Managed by - Dhiraj Sachdev.
HSBC Progressive Themes Fund Date of Inception : 23 Feb 06
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Progressive Themes Fund - Growth
S&P BSE 200 (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HPTF, would have become
10,000, if invested in S&P BSE 200, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
16.39% 67.89% -13.86% 6.55%
11.53% 32.58% 8.52% 11.36%
9.61% 29.03% 10.70% 11.35%
11,639 16,789 8,614 18,102
11,153 13,258 10,852 27,359
10,961 12,903 11,070 27,337
` ` ` `
` ` ` `
` ` ` `
HSBC Midcap Equity Fund* Date of Inception : 19 May 05
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Midcap Equity Fund - Growth
S&P BSE Midcap (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
10,000, if invested in HMEF, would have become
10,000, if invested in S&P BSE Midcap, would have become
10,000, if invested in CNX Nifty, would have become
`
`
`
23.38% 97.40% -15.11% 10.53%
21.54% 54.45% -3.97% 14.99%
9.61% 29.03% 10.70% 12.89%
12,338 19,740 8,489 26,668
12,154 15,445 9,603 39,260
10,961 12,903 11,070 32,798
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
23
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are absolute. ‘Since inception’ returns are calculated on 10 invested at inception. Standardbenchmark is prescribed by SEBI for long-term equity schemes and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period. The returns provided above have been rounded off and hencethere may be minor differences between point-to-point returns vis-a-vis returns indicated above.
`
`
HSBC Managed Solutions - Growth
HSBC Managed Solutions - Moderate - Growth
HSBC Managed Solutions - Conservative - Growth
Date of Inception : 30 Apr 14
Date of Inception : 30 Apr 14
Date of Inception : 30 Apr 14
Scheme Name & Benchmarks
Scheme Name & Benchmarks
Scheme Name & Benchmarks
July 14 -June 15
July 14 -June 15
July 14 -June 15
SinceInception
SinceInception
SinceInception
HSBC Managed Solutions - Growth - Growth
Customised Benchmark Index Fund (Scheme Benchmark)*
CNX Nifty (Standard Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HMSG, would have become
10,000, if invested in Customised Benchmark Index, would have become
10,000, if invested in CNX Nifty, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
`
HSBC Managed Solutions - Moderate - Growth
Crisil Balanced Fund Index (Scheme Benchmark)
CNX Nifty (Standard Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HMSM, would have become
10,000, if invested in Crisil Balanced Fund Index, would have become
10,000, if invested in CNX Nifty, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
`
HSBC Managed Solutions - Conservative - Growth
Customised Benchmark Index Fund (Scheme Benchmark)*
CNX Nifty (Standard Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HMSC, would have become
10,000, if invested in Customised Benchmark Index, would have become
10,000, if invested in CNX Nifty, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
`
10.93 23.51
11.44 22.69
9.61 21.04
11.70 11.82
11,093 12,802
11,144 12,703
10,961 12,504
11,170 11,396
% %
% %
% %
% %
` `
` `
` `
` `
10.83 19.55
10.35 18.05
9.61 21.04
11.70 11.82
11,083 12,324
11,035 12,143
10,961 12,504
11,170 11,396
% %
% %
% %
% %
` `
` `
` `
` `
9.89% 12.64
11.12 13.35
9.61 21.04
11.70 11.82
10,989 11,494
11,112 11,579
10,961 12,504
11,170 11,396
%
% %
% %
% %
` `
` `
` `
` `
Fund Managed by Gaurav Mehrotra (for Equity portion)Sanjay Shah (for Fixed Income portion), Anitha Rangan (For overseas investment)
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
*Composite index of S&P BSE 200 (80%) and Crisil Composite Bond Fund Index (20%).
*Composite index of Crisil Composite Bond Fund Index (90%) and S&P BSE 200 (10%).
Comparative Performance of Equity Schemes
24
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are absolute. ‘Since inception’ returns are calculated on 10 invested at inception. Standardbenchmark is prescribed by SEBI for long-term equity schemes and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start of the period. The returns provided above have been rounded off and hencethere may be minor differences between point-to-point returns vis-a-vis returns indicated above.
`
`
HSBC MIP - Savings Plan (HMIP-S)An Open Ended Fund with Regular & Savings Plans. Monthly income is not assured and is subject to availability of distributable surplus.
Investment Objective: Seeks to generate reasonable returns through investments in Debt and Money Market Instruments. Thesecondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation.
25
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)
(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of PortfolioFund Managers
SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIP
per unit
Total Expense Ratio as on July 31, 2015
Annualised Expense Ratio from 1st April 2015onwards
Regular 2.31%
Direct Plan 1.81%
Regular 2.30%
Direct Plan 1.81%
Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.18%on Regular Plan and 0.19% on Direct Plan of Total NetAssets.
Asset Allocation
Government Securities 42.94%
Equity 24.30%
Corporate/ PSU Debt 18.25%
Cash Equivalents 7.34%
Money Market Instruments 6.75%
Net CurrentAssets 0.42%
Total NetAssets 100.00%
@ Effective from March 1, 2013 for prospective investments.
FUND PORTFOLIO
Money Market Instruments
Corporate/ PSU Debt
EQUITY
Government Securities
Cash EquivalentsCBLO 1,579.37 7.34%Net Current Assets 97.60 0.42%Total Net Assets as on 31-Jul-2015 21,510.13 100.00%
Certificate of Deposit
Corporate Bonds / Debentures
Equities
Canara Bank 955.51 4.44% CRISIL A1+Vijaya Bank 497.36 2.31% CARE A1+
Rural Electrification Corporation 1,043.30 4.85% CARE AAAPower Finance Corporation 995.69 4.63% CRISIL AAAPower Grid Corporation of India 609.30 2.83% CRISIL AAAPower Finance Corporation 509.05 2.37% CRISIL AAALIC Housing Finance 506.86 2.36% CRISIL AAASmall Industries Development Bk of India 140.79 0.65% CARE AAAPower Finance Corporation 120.21 0.56% CRISIL AAA
Tata Consultancy Services 256.10 1.19%Axis Bank 254.06 1.18%HDFC Bank 242.34 1.13%Maruti Suzuki India 240.40 1.12%ICICI Bank 233.60 1.09%Larsen & Toubro 223.91 1.04%IndusInd Bank 200.43 0.93%LIC Housing Finance 189.70 0.88%Amara Raja Batteries 181.81 0.85%Crompton Greaves 178.19 0.83%Gateway Distriparks 177.72 0.83%Supreme Industries 176.80 0.82%ITC 171.15 0.80%Ultratech Cement 166.90 0.78%The Ramco Cements 159.64 0.74% N.AApollo Tyres 127.61 0.59%The Federal Bank 127.37 0.59%IPCA Laboratories 126.46 0.59%Glenmark Pharmaceuticals 121.43 0.56%Aditya Birla Nuvo 119.58 0.56%HDFC 113.93 0.53%Adani Ports & Special Economic Zone 113.75 0.53%Motherson Sumi Systems 113.47 0.53%Arvind 111.46 0.52%Shriram Transport Finance Company 111.43 0.52%Tech Mahindra 106.14 0.49%Welspun India 105.66 0.49%Tata Motors 103.64 0.48%State Bank of India 97.22 0.45%Karur Vysya Bank 89.27 0.42%Sun Pharmaceuticals Industries 86.35 0.40%MRF 81.68 0.38%Oil & Natural Gas Corp 74.99 0.35%Finolex Industries 71.68 0.33%The Jammu & Kashmir Bank 62.52 0.29%Dr. Reddy's Laboratories 57.07 0.27%Hindustan Dorr-Oliver 46.35 0.22%
8.60% GOVT OF INDIA RED 02-06-2028 1,607.65 7.47% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 1,550.54 7.21% SOVEREIGN7.95% GOVT OF INDIA RED 28-08-2032 1,470.44 6.84% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 1,374.19 6.39% SOVEREIGN8.24% GOVT OF INDIA RED 10-11-2033 1,217.71 5.66% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 562.60 2.62% SOVEREIGN8.17% GOVT OF INDIA RED 01-12-2044 498.04 2.32% SOVEREIGN7.16% GOVT OF INDIA RED 20-05-2023 403.31 1.87% SOVEREIGN8.29% TAMIL NADU SDL RED 29-07-2025 283.16 1.32% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 265.65 1.24% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC MIP - Savings Plan - Monthly Dividend
HSBC MIP - Savings Plan - Monthly Dividend - Direct Plan
HSBC MIP - Savings Plan - Quarterly Dividend
HSBC MIP - Savings Plan - Quarterly Dividend - Direct Plan
25-May-15 0.06500 0.06022 13.6314
25-Jun-15 0.06862 0.06357 13.5358
25-May-15 0.06500 0.06022 14.4911
25-Jun-15 0.06862 0.06357 14.4014
26-Dec-14 0.16332 0.15146 13.7829
25-Mar-15 0.20324 0.18848 13.9286
26-Dec-14 0.16332 0.15146 14.3797
25-Mar-15 0.21050 0.19521 14.5619
27-Jul-15 0.06862 0.06357 13.5375
27-Jul-15 0.06862 0.06357 14.4150
25-Jun-15 0.20946 0.19406 13.6268
25-Jun-15 0.20946 0.19406 14.2677
Rating24-Feb-04
CRISIL MIP Blended Index
29.4721
9.63 years
5.56 years
Aditya Khemani(for Equity portion) Sanjay
Shah (for Debt portion)
Available
10,00010,00025,000
1,000 p.m.Nil
`
`
`
`
`
Rating Profile
Sovereign 42.94%
AAAand equivalents 25.00%
Equity 24.30%
Reverse Repos/ CBLOs 7.34%
Net CurrentAssets 0.42%
Total NetAssets 100.00%
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Investors understand that their principalwill be at Moderately High risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
HSBC MIP - Savings Plan (HMIP-S)
This product is suitable forinvestors who are seeking*:• Regular Income over medium
term• Investment in fixed income
(debt and money marketinstruments) as well as equityand equity related securities
* Investors should consult their financial advisers if in doubtabout whether the product is suitable for them.
HSBC MIP - Regular Plan (HMIP-R)An Open Ended Fund with Regular & Savings Plans. Monthly income is not assured and is subject to availability of distributable surplus.
Investment Objective: Seeks to generate reasonable returns through investments in Debt and Money Market Instruments. Thesecondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation.
26
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)
(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Fund Managers
SIP
Minimum ApplicationAmount
Growth
Quarterly Dividend
Monthly Dividend
SIP
Exit Load
per unit
@
Total Expense Ratio as on July 31, 2015
Annualised Expense Ratio from 1st April 2015onwards
Regular 2.29%
Direct Plan 1.79%
Regular 2.28%
Direct Plan 1.79%
Excludes service tax on Investment Management fees of 0.22%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.18%on Regular Plan and 0.19% on Direct Plan of Total NetAssets.
Asset Allocation
Government Securities 46.09%
Corporate/ PSU Debt 24.10%
Equity 15.22%
Cash Equivalents 8.79%
Money Market Instruments 4.86%
Net CurrentAssets 0.94%
Total NetAssets 100.00%
@ Effective from March 1, 2013 for prospective investments.
FUND PORTFOLIO
Money Market Instruments
Corporate/ PSU Debt
EQUITY
Government Securities
Cash Equivalents
CBLO 863.69 8.79%
Net Current Assets 89.32 0.94%
Total Net Assets as on 31-Jul-2015 9,822.81 100.00%
Certificate of Deposit
Corporate Bonds / Debentures
Equities
Canara Bank 477.76 4.86% CRISIL A1+
Power Finance Corporation 509.05 5.18% CRISIL AAA
LIC Housing Finance 506.86 5.16% CRISIL AAA
Power Finance Corporation 497.84 5.07% CRISIL AAA
Rural Electrification Corporation 447.13 4.55% CARE AAA
Power Grid Corporation of India 406.20 4.14% CRISIL AAA
Tata Consultancy Services 77.83 0.79%
Axis Bank 77.42 0.79%
Maruti Suzuki India 72.21 0.74%
HDFC Bank 70.03 0.71%
ICICI Bank 69.70 0.71%
Larsen & Toubro 68.07 0.69%
LIC Housing Finance 59.90 0.61%
Amara Raja Batteries 58.38 0.59%
ITC 52.16 0.53%
Dr. Reddy's Laboratories 48.91 0.50%
Motherson Sumi Systems 48.14 0.49%
Arvind 47.77 0.49%
Ultratech Cement 47.24 0.48%
Supreme Industries 46.89 0.48%
IPCA Laboratories 45.31 0.46% N.A
Welspun India 44.80 0.46%
The Federal Bank 40.65 0.41%
Aditya Birla Nuvo 38.80 0.40%
Gateway Distriparks 37.03 0.38%
Crompton Greaves 36.74 0.37%
Apollo Tyres 36.46 0.37%
Glenmark Pharmaceuticals 35.42 0.36%
HDFC 33.51 0.34%
Tech Mahindra 32.90 0.33%
Adani Ports & Special Economic Zone 32.50 0.33%
Shriram Transport Finance Company 31.20 0.32%
Tata Motors 30.71 0.31%
MRF 30.63 0.31%
State Bank of India 29.71 0.30%
The Jammu & Kashmir Bank 29.18 0.30%
Sun Pharmaceuticals Industries 26.32 0.27%
Oil & Natural Gas Corp 23.18 0.24%
Finolex Industries 22.06 0.22%
Hindustan Dorr-Oliver 13.91 0.14%
7.88% GOVT OF INDIA RED 19-03-2030 833.45 8.48% SOVEREIGN
7.95% GOVT OF INDIA RED 28-08-2032 814.93 8.30% SOVEREIGN
8.24% GOVT OF INDIA RED 10-11-2033 713.30 7.26% SOVEREIGN
8.40% GOVT OF INDIA RED 28-07-2024 621.24 6.32% SOVEREIGN
8.17% GOVT OF INDIA RED 01-12-2044 477.71 4.86% SOVEREIGN
7.72% GOVT OF INDIA RED 25-05-2025 332.00 3.38% SOVEREIGN
8.60% GOVT OF INDIA RED 02-06-2028 287.08 2.92% SOVEREIGN
7.16% GOVT OF INDIA RED 20-05-2023 213.52 2.17% SOVEREIGN
7.68% GOVT OF INDIA RED 15-12-2023 165.29 1.68% SOVEREIGN
8.29% TAMIL NADU SDL RED 29-07-2025 70.79 0.72% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC MIP - Regular Plan - Monthly Dividend
HSBC MIP - Regular Plan - Monthly Dividend - Direct Plan
HSBC MIP - Regular Plan - Quarterly Dividend
25-May-15 0.05778 0.05353 11.9160
25-Jun-15 0.05778 0.05353 11.8073
26-Dec-14 0.16332 0.15146 12.3312
25-Mar-15 0.18147 0.16829 12.4116
27-Jul-15 0.05778 0.05353 11.8130
31-Jan-14 0.05065 0.04851 10.9791
28-Feb-14 0.05065 0.04851 11.0079
25-Jun-15 0.18057 0.16729 12.1560
Rating24-Feb-04
CRISIL MIP Blended Index
24.6649
10.10 years
5.63 years
Aditya Khemani
(for Equity portion) SanjayShah (for Debt portion)
Available
10,000
10,000
25,000
1,000 p.m.
Nil
`
`
`
`
`
Rating Profile
Sovereign 46.09%
AAAand equivalents 28.96%
Equity 15.22%
Reverse Repos/ CBLOs 8.79%
Net CurrentAssets 0.94%
Total NetAssets 100.00%
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any.Face value: 10 per unit.`
Investors understand that their principalwill be at Moderate risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Regular Income over medium
term• Investment in fixed income
(debt and money marketinstruments) as well as equityand equity related securities
HSBC MIP - Regular Plan (HMIP-R)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Income Fund - Investment Plan (HIF-IP)An Open Ended Income Scheme
Investment Objective: Aims to provide reasonable income through a diversified portfolio of fixed income securities. The AMC'sview of interest rate trends and the nature of the Plans will be reflected in the type and maturities of securities in which the ShortTerm and Investment Plans are invested.
27
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Yield To Maturity*
Fund Manager
SIP
Minimum
Application Amount
Exit Load
per unit
@
Total Expense Ratio as on July 31, 2015
Annualised Expense Ratio from 1st April 2015onwards
Regular 1.85%
Direct Plan 1.10%
Regular 1.85%
Direct Plan 1.10%
Excludes service tax on Investment Management fees of 0.13%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.13%of Total NetAssets.
Asset Allocation
Government Securities 72.43%
Corporate/ PSU Debt 15.32%
Cash Equivalents 10.42%
Net CurrentAssets 1.74%
Securitised Debt 0.09%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
FUND PORTFOLIO
Securitised Debt
Corporate/ PSU Debt
Government Securities
Cash Equivalents
CBLO 1,110.72 10.42%
Net Current Assets 184.17 1.74%
Total Net Assets as on 31-Jul-2015 10,656.18 100.00%
Investments - Asset Back Security
Corporate Bonds / Debentures
India MBS 2002 Series I 9.61 0.09% CRISIL AAA (SO)
Export Import Bank of India 539.35 5.06% CRISIL AAA
Power Finance Corporation 497.84 4.67% CRISIL AAA
Rural Electrification Corporation 496.81 4.66% CARE AAA
NABARD 99.48 0.93% CRISIL AAA
8.60% GOVT OF INDIA RED 02-06-2028 1,144.83 10.74% SOVEREIGN
7.68% GOVT OF INDIA RED 15-12-2023 1,111.80 10.43% SOVEREIGN
7.88% GOVT OF INDIA RED 19-03-2030 1,038.50 9.75% SOVEREIGN
7.95% GOVT OF INDIA RED 28-08-2032 1,000.09 9.39% SOVEREIGN
8.40% GOVT OF INDIA RED 28-07-2024 836.88 7.85% SOVEREIGN
7.72% GOVT OF INDIA RED 25-05-2025 590.44 5.54% SOVEREIGN
8.24% GOVT OF INDIA RED 10-11-2033 519.69 4.88% SOVEREIGN
7.16% GOVT OF INDIA RED 20-05-2023 498.21 4.68% SOVEREIGN
8.17% GOVT OF INDIA RED 01-12-2044 457.38 4.29% SOVEREIGN
7.35% GOVT OF INDIA RED 22-06-2024 307.61 2.89% SOVEREIGN
8.29% TAMIL NADU SDL RED 29-07-2025 212.37 1.99% SOVEREIGN
5.59% GOVT OF INDIA RED 04-06-2016 0.39 0.00% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating10-Dec-02
CRISIL Composite BondFund Index
23.8797
11.00 years
6.38 years
8.00%
Sanjay Shah
Available
10,000
1,000 p.m.(SIP)
Nil
`
`
`
Rating Profile
Sovereign 72.43%
AAAand equivalents 15.41%
Reverse Repos/ CBLOs 10.42%
Net CurrentAssets 1.74%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Income Fund - Investment Plan - Regular Option - Quarterly Dividend
HSBC Income Fund - Investment Plan - Institutional Option - Quarterly Dividend
26-Dec-14 0.14517 0.13463 11.4391
25-Mar-15 0.17421 0.16155 11.5709
25-Jun-15 0.17334 0.16060 11.2788
12-Jun-09 0.11387 0.10598 11.0294
11-Sep-09 0.11387 0.10598 10.9960
11-Dec-09 0.11387 0.10598 11.0973
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Investors understand that their principalwill be at Moderate risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Regular Income over long
term• Investment in diversified
portfolio of fixed incomesecurities
HSBC Income Fund - Investment Plan (HIF-IP)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Income Fund - Short Term Plan (HIF-STP)An Open Ended Income Scheme
Investment Objective:Aims to provide reasonable income through a diversified portfolio of fixed income securities. TheAMC’sview of interest rate trends and the nature of the Plans will be reflected in the type and maturities of securities in which the ShortTerm and Investment Plans are invested.
28
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)
(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Yield To Maturity*
Fund Manager
SIP
Minimum
Application Amount
Exit Load
per unit
@
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31Regular 1.25%Institutional # 0.70%Institutional Plus # 0.60%Direct Plan 0.30%
Regular 1.25%
Direct Plan 0.30%
Excludes service tax on Investment Management fees of 0.02%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.02%of Total NetAssets.
Institutional # 0.70%Institutional Plus # 0.60%
Asset Allocation
Corporate/ PSU Debt 62.20%Money Market Instruments 20.98%Government Securities 13.80%Net CurrentAssets 2.37%Cash Equivalents 0.65%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
# Plan(s) discontinued from accepting subscriptions w.e.f.November 01, 2012
FUND PORTFOLIO
Money Market Instruments
Corporate/ PSU Debt
Zero Coupon Bonds
Government Securities
Cash EquivalentsCBLO 1,033.81 0.65%Net Current Assets 3,804.97 2.37%Total Net Assets as on 31-Jul-2015 1,59,298.50 100.00%
Certificate of Deposit
Commercial Paper
Corporate Bonds / Debentures
Bank of India 4,769.32 2.99% CRISIL A1+Canara Bank 3,830.75 2.40% CRISIL A1+Andhra Bank 2,390.56 1.50% CARE A1+Bank of Maharashtra 2,388.48 1.50% CRISIL A1+Indian Bank 2,386.50 1.50% Fitch A1+Punjab & Sind Bank 2,383.75 1.50% CARE A1+Andhra Bank 1,913.83 1.20% CARE A1+Canara Bank 955.51 0.60% CRISIL A1+IDBI Bank 719.60 0.45% CRISIL A1+
Adani Ports & Special Economic Zone 4,651.15 2.92% [ICRA]A1+AU Financiers India Ltd 2,369.28 1.49% Fitch A1+AU Financiers India Ltd 2,303.65 1.45% Fitch A1+Cholamandalam Investment & Fin Co 1,902.23 1.19% CARE A1+Adani Ports & Special Economic Zone 466.03 0.29% [ICRA]A1+
L&T Finance 7,509.38 4.71% CARE AA+Pantaloons Fashion & Retail 5,013.00 3.15% [ICRA]AATata Capital Financial Services 5,002.41 3.14% CRISIL AA+NABARD 4,509.02 2.83% CRISIL AAARural Electrification Corporation 4,074.81 2.56% CRISIL AAAPower Finance Corporation 4,072.42 2.56% CRISIL AAAKotak Mahindra Prime 3,527.85 2.21% [ICRA]AAARural Electrification Corporation 2,980.87 1.87% CARE AAAPower Finance Corporation 2,604.07 1.63% CRISIL AAAHDFC 2,572.84 1.62% CRISIL AAAPower Grid Corporation of India 2,538.73 1.59% CRISIL AAAPower Finance Corporation 2,537.74 1.59% CRISIL AAASRF 2,536.35 1.59% Fitch AABajaj Finance 2,533.77 1.59% CRISIL AA+Kotak Mahindra Prime 2,520.91 1.58% [ICRA]AAAKotak Mahindra Prime 2,517.74 1.58% [ICRA]AAAPower Finance Corporation 2,511.60 1.58% CRISIL AAATata Capital Financial Services 2,509.64 1.58% CRISIL AA+Steel Authority of India 2,508.11 1.57% CARE AAATata Capital Financial Services 2,506.83 1.57% CRISIL AA+LIC Housing Finance 2,506.16 1.57% CARE AAAPower Finance Corporation 2,504.12 1.57% CRISIL AAATata Capital Financial Services 2,502.06 1.57% CRISIL AA+Power Grid Corporation of India 2,036.79 1.28% CRISIL AAAHDFC 2,031.28 1.28% CRISIL AAATata Sons 2,027.11 1.27% CRISIL AAARural Electrification Corporation 1,962.08 1.23% CRISIL AAAKotak Mahindra Prime 1,526.69 0.96% [ICRA]AAALIC Housing Finance 1,524.80 0.96% CRISIL AAAShriram Transport Finance Company 1,019.84 0.64% CRISIL AA+HDFC 1,019.50 0.64% CRISIL AAALIC Housing Finance 1,019.49 0.64% CRISIL AAALIC Housing Finance 1,019.09 0.64% CRISIL AAALIC Housing Finance 1,013.03 0.64% CARE AAAPower Grid Corporation of India 1,012.74 0.64% CRISIL AAAPower Grid Corporation of India 988.36 0.62% CRISIL AAALIC Housing Finance 506.87 0.32% CRISIL AAAPower Finance Corporation 505.80 0.32% CRISIL AAAPower Grid Corporation of India 505.11 0.32% CRISIL AAAPower Finance Corporation 504.42 0.32% CRISIL AAAHDFC 503.08 0.32% CRISIL AAAShriram Transport Finance Company 275.75 0.17% CRISIL AA+Rural Electrification Corporation 171.54 0.11% CRISIL AAALIC Housing Finance 140.01 0.09% CRISIL AAAHDFC 91.16 0.06% CRISIL AAARural Electrification Corporation 71.33 0.04% CRISIL AAA
Indiabulls Housing Finance 2,993.19 1.88% CARE AA+
7.68% GOVT OF INDIA RED 15-12-2023 5,903.37 3.71% SOVEREIGN7.16% GOVT OF INDIA RED 20-05-2023 5,693.85 3.57% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 4,325.80 2.72% SOVEREIGN8.27% GOVT OF INDIA RED- 09-06-2020 3,545.82 2.23% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 1,988.00 1.25% SOVEREIGN8.12% GOVT OF INDIA RED 10-12-2020 502.70 0.32% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating10-Dec-02
CRISIL Short Term BondFund Index
23.6842
2.87 years
2.21 years
8.32%
Sanjay Shah
Available
10,000
1,000 p.m.(SIP)
Nil
`
`
`
Rating Profile
AAAand equivalents 61.59%AA+/AA-/AAand equivalents 21.59%Sovereign 13.80%Net CurrentAssets 2.37%Reverse Repos/ CBLOs 0.65%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Income Fund - Short Term Plan - Regular Option - Monthly Dividend
HSBC Income Fund - Short Term Plan - Monthly Dividend - Direct Plan
HSBC Income Fund - Short Term Plan - Institutional Option - Monthly Dividend
HSBC Income Fund - Short Term Plan - Institutional Plus Option - Monthly Dividend
25-May-15 0.04619 0.04279 11.163625-Jun-15 0.05555 0.05146 11.1497
25-May-15 0.05222 0.04838 11.215025-Jun-15 0.06238 0.05780 11.2019
25-May-15 0.05330 0.04938 12.007825-Jun-15 0.06385 0.05915 11.9934
27-Jul-15 0.05023 0.04654 11.1599
27-Jul-15 0.05712 0.05292 11.2123
27-Jul-15 0.05814 0.05387 12.0045
30-Dec-11 0.08478 0.07266 10.120027-Jan-12 0.05533 0.04742 10.086624-Feb-12 0.05663 0.04854 10.0881
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Investors understand that their principalwill be at Moderately Low risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Regular Income over Medium
term• Investment in diversified
portfolio of fixed incomesecurities
HSBC Income Fund - Short Term Plan (HIF-STP)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)An Open Ended Income Scheme
Investment Objective: Seeks to generate a reasonable return with commensurate risk through investments in floating rate debtinstruments and fixed rate debt instruments swapped for floating rate returns. The Scheme may also invest in fixed rate moneymarket and debt instruments.
29
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration ofPortfolio
Yield To Maturity*
Fund Manager
SIP
Minimum
Application Amount
Sub Options
Exit Load
per unit
@
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 1.30%
Institutional 0.75%
Direct Plan 0.20%
Regular 1.30%
Direct Plan 0.20%
#
#
Excludes service tax on Investment Management fees of 0.01%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.02%on Regular #, Institutional and 0.02% on Direct Plan of Total NetAssets.
Institutional 0.75%
Asset Allocation
Money Market Instruments 89.64%Cash Equivalents 10.58%Net CurrentAssets -0.22%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
# Plan(s) discontinued from accepting subscriptions
w.e.f. November 01, 2012
FUND PORTFOLIO
Money Market Instruments
Cash Equivalents
CBLO 480.52 10.58%
Net Current Assets -10.21 -0.22%
Total Net Assets as on 31-Jul-2015 4,539.86 100.00%
Certificate of Deposit
Commercial Paper
UCO Bank 715.67 15.76% CRISIL A1+
Punjab & Sind Bank 715.13 15.75% CARE A1+
Punjab National Bank 478.28 10.54% CARE A1+
IDBI Bank 239.87 5.28% CRISIL A1+
BILT Graphics Paper Products 496.28 10.93% Fitch A1+
Kotak Mahindra Investments 482.75 10.63% CRISIL A1+
Cholamandalam Investment & Fin Co 475.56 10.48% CARE A1+
Adani Ports & Special Economic Zone 466.03 10.27% [ICRA]A1+
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating16-Nov-04
CRISIL Liquid Fund Index
22.3956
0.50 years
0.47 years
8.12%
Kapil Punjabi
Available
10,000
1,000 p.m.(SIP)
Growth, Daily Dividend,Reinvestment Weekly
Dividend, Reinvestment,Monthly Dividend (Payout &
Reinvestment)
Nil
`
`
`
Rating Profile
AAAand equivalents 89.64%Reverse Repos/ CBLOs 10.58%Net CurrentAssets -0.22%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Floating Rate Fund - Long Term Plan - Regular Option - Monthly Dividend
HSBC Floating Rate Fund - Long Term Plan - Monthly Dividend - Direct Plan
HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend
25-May-15 0.04332 0.04014 10.0600
25-Jun-15 0.04645 0.04303 10.0643
25-May-15 0.04940 0.04577 10.0738
25-Jun-15 0.05210 0.04827 10.0792
27-Jul-15 0.04985 0.04618 10.0690
27-Jul-15 0.05634 0.05219 10.0858
25-Apr-14 0.05133 0.04916 10.5356
25-Aug-14 0.06294 0.06028 10.7639
25-Sep-14 0.17600 0.16856 10.7615
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Investors understand that their principalwill be at Moderately Low risk
Riskometer
Modera
tely Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Liquidity over short term• Investment in floating rate and
fixed rate Debt and MoneyMarket Instruments
HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Cash Fund (HCF)An Open Ended Liquid Scheme
Investment Objective: Aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity,through a portfolio of money market and debt securities.
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)
(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Yield To Maturity*
Fund Managers
SIP
Minimum
Application Amount
Sub Options
Exit Load
per unit
@
Asset Allocation
Money Market Instruments 79.09%Treasury Bill 11.45%Fixed Deposit 7.52%Cash Equivalents 1.89%Net CurrentAssets 0.05%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
# Plan(s) discontinued from accepting subscriptions
w.e.f. November 01, 2012
FUND PORTFOLIO
Money Market Instruments
Fixed Deposit
Treasury Bill
Cash Equivalents
CBLO 3,769.76 1.89%
Net Current Assets 122.13 0.05%
Total Net Assets as on 31-Jul-2015 1,99,638.50 100.00%
Certificate of Deposit
Commercial Paper
Fixed Deposit
IDBI Bank 12,429.66 6.23% CRISIL A1+
Bank of India 9,966.19 4.99% CRISIL A1+
Punjab & Sind Bank 7,448.33 3.73% [ICRA]A1+
The Ratnakar Bank 4,985.97 2.50% [ICRA]A1+
The Ratnakar Bank 4,971.11 2.49% [ICRA]A1+
Axis Bank 4,968.74 2.49% CRISIL A1+
Oriental Bank of Commerce 4,964.61 2.49% CRISIL A1+
Bank of India 2,489.97 1.25% CRISIL A1+
The South Indian Bank 2,489.66 1.25% CARE A1+
ICICI Bank 2,486.60 1.25% [ICRA]A1+
IDBI Bank 2,483.34 1.24% CRISIL A1+
Dena Bank 2,483.28 1.24% CRISIL A1+
Bank of India 2,482.68 1.24% CRISIL A1+
Corporation Bank 2,476.70 1.24% CRISIL A1+
Vijaya Bank 499.03 0.25% CARE A1+
Indiabulls Housing Finance 12,362.85 6.19% CRISIL A1+
India Infoline Finance 11,849.67 5.94% [ICRA]A1+
Cox & Kings 9,985.11 5.00% CARE A1+
Edelweiss Financial Services 7,433.56 3.72% CRISIL A1+
SREI Equipment Finance 4,993.07 2.50% [ICRA]A1+
Magma Fincorp 4,966.47 2.49% CRISIL A1+
BILT Graphics Paper Products 4,964.15 2.49% Fitch A1+
Kalpataru Power Transmission 4,963.22 2.49% CRISIL A1+
AU Financiers India Ltd 4,961.46 2.49% Fitch A1+
Reliance Capital 4,940.11 2.47% CRISIL A1+
Capital First 4,939.36 2.47% CARE A1+
SREI Equipment Finance 2,492.49 1.25% [ICRA]A1+
Edelweiss Financial Services 2,482.92 1.24% CRISIL A1+
SREI Equipment Finance 2,482.92 1.24% [ICRA]A1+
AU Financiers India Ltd 2,477.43 1.24% Fitch A1+
SREI Equipment Finance 1,991.08 1.00% [ICRA]A1+
Edelweiss Financial Services 1,985.02 0.99% CRISIL A1+
Syndicate Bank 7,500.00 3.76% Fixed Deposit
HDFC Bank 7,500.00 3.76% Fixed Deposit
91 DAYS TREASURY BILL RED 27-08-2015 17,903.70 8.97% SOVEREIGN
91 DAYS TREASURY BILL RED 24-09-2015 4,946.14 2.48% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating04-Dec-02
CRISIL Liquid Fund Index
1433.3028
0.10 years
0.09 years
7.90%
Kapil Punjabi
Available
10,000
1,000 p.m.(SIP)
Growth, Daily Dividend,Reinvestment
Weekly Dividend,Reinvestment,
Monthly Dividend (Payout &Reinvestment)
Nil
`
`
`
Rating Profile
AAAand equivalents 79.09%Sovereign 11.45%Fixed Deposit 7.52%Reverse Repos/ CBLOs 1.89%Net CurrentAssets 0.05%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Cash Fund - Institutional Option - Monthly Dividend
HSBC Cash Fund - Monthly Dividend - Direct Plan
HSBC Cash Fund - Institutional Plus Option - Monthly Dividend
25-May-15 4.58438 4.24734 1006.4037
25-Jun-15 5.00107 4.63340 1006.9806
25-May-15 4.61302 4.27388 1006.6259
25-Jun-15 5.03256 4.66257 1007.2067
27-Jul-15 5.06488 4.69251 1007.0690
27-Jul-15 5.09735 4.72260 1007.2964
26-Aug-11 0.04886 0.04686 10.1383
29-Sep-11 0.05876 0.05636 10.1509
28-Oct-11 0.05244 0.05030 10.1428
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 1,000 per unit.`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31Regular 1.00%Institutional 0.35%Institutional Plus 0.11%Direct Plan 0.06%
Regular 1.00%
Direct Plan 0.04%
#
#
#
#
Currently there is no Service Tax levied due to nil InvestmentManagement Fees being charged.
Currently there is no Service Tax levied due to nil InvestmentManagement Fees being charged.
Institutional 0.35%Institutional Plus 0.10%
Investors understand that their principalwill be at low risk
Riskometer
M
oderately Moderate
Low
High
LowHigh
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Overnight Liquidity over short
term• Invests in Money Market
Instruments
HSBC Cash Fund (HCF)
29
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Gilt Fund (HGF)An Open Ended Gilt Scheme
Investment Objective: Aims to generate reasonable returns through investments in Government Securities of variousmaturities. The AMC's view of interest rate trends and the nature of the plans will be reflected in the maturities of securities inwhich the Plans are invested.
31
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Average Maturity ofPortfolio
Modified Durationof Portfolio
Yield To Maturity*
Fund Managers
SIP
Minimum
Application Amount
Exit Load
per unit
@
Asset Allocation
Government Securities 85.24%
Cash Equivalents 13.13%
Net CurrentAssets 1.63%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
FUND PORTFOLIO
Government Securities
Cash Equivalents
CBLO 40.82 13.13%
Net Current Assets 5.03 1.63%
Total Net Assets as on 31-Jul-2015 310.80 100.00%
7.88% GOVT OF INDIA RED 19-03-2030 89.30 28.73% SOVEREIGN
8.24% GOVT OF INDIA RED 10-11-2033 56.05 18.03% SOVEREIGN
8.17% GOVT OF INDIA RED 01-12-2044 50.82 16.35% SOVEREIGN
8.60% GOVT OF INDIA RED 02-06-2028 27.82 8.95% SOVEREIGN
7.95% GOVT OF INDIA RED 28-08-2032 26.74 8.60% SOVEREIGN
7.16% GOVT OF INDIA RED 20-05-2023 14.23 4.58% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating05-Dec-03
I-Sec Composite Index
17.9768
15.75 years
7.75 years
7.88%
Sanjay Shah
Available
10,000
1,000 p.m.(SIP)
Nil
`
`
`
Rating Profile
Sovereign 85.24%
Reverse Repos/ CBLOs 13.13%
Net CurrentAssets 1.63%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Gilt Fund - Monthly Dividend
31-Oct-08 0.06136 0.05711 10.8077
28-Nov-08 0.04193 0.03903 10.7855
26-Dec-08 0.03400 0.03164 10.7764
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 1.00%
Direct Plan 0.50%
Regular 1.00%
Direct Plan 0.50%
Excludes service tax on Investment Management fees of 0.04%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.05%of Total NetAssets.
Investors understand that their principalwill be at Moderate risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Regular Income over long
term• Investment in Government
Securities
HSBC Gilt Fund (HGF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Ultra Short Term Bond Fund (HUSBF)An Open Ended Debt Scheme
Investment Objective: Seeks to provide liquidity and reasonable returns by investing primarily in a mix of short term debt andmoney market instruments.
32
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)
(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Yield To Maturity*
Fund Manager
SIP
Minimum ApplicationAmount
Sub Options
Exit Load
per unit
@
Asset Allocation
Money Market Instruments 62.51%
Corporate/ PSU Debt 29.50%
Cash Equivalents 12.54%
Net CurrentAssets -4.55%
@ Effective from March 1, 2013 for prospective investments.
** Composite index of CRISIL Liquid Fund Index(90%) andCRISIL Short Term Bond Fund Index(10%).
* Based on invested Amount
# Plan(s) discontinued from accepting subscriptions w.e.f.November 01, 2012
FUND PORTFOLIO
Money Market Instruments
Corporate/ PSU Debt
Zero Coupon Bonds
Cash Equivalents
CBLO 4,220.46 12.54%
Net Current Assets -1,525.32 -4.55%
Total Net Assets as on 31-Jul-2015 33,649.60 100.00%
Certificate of Deposit
Commercial Paper
Corporate Bonds / Debentures
Bank of India 2,391.38 7.11% CRISIL A1+
Punjab National Bank 1,913.10 5.69% CARE A1+
UCO Bank 1,669.89 4.96% CRISIL A1+
Punjab & Sind Bank 1,668.63 4.96% CARE A1+
IDBI Bank 1,439.21 4.28% CRISIL A1+
Canara Bank 957.69 2.85% CRISIL A1+
Andhra Bank 478.46 1.42% CARE A1+
Adani Ports & Special Economic Zone 3,728.26 11.08% [ICRA]A1+
AU Financiers India Ltd 2,369.28 7.04% Fitch A1+
BILT Graphics Paper Products 1,985.11 5.90% Fitch A1+
Kotak Mahindra Investments 1,931.00 5.74% CRISIL A1+
SREI Equipment Finance 497.77 1.48% [ICRA]A1+
Power Finance Corporation 2,504.12 7.44% CRISIL AAA
HDFC 1,014.12 3.01% CRISIL AAA
Kotak Mahindra Prime 1,007.96 3.00% [ICRA]AAA
Tata Capital Financial Services 999.62 2.97% CRISIL AA+
Shriram Transport Finance Company 510.66 1.52% CRISIL AA+
Bajaj Finance 507.69 1.51% [ICRA]AA+
LIC Housing Finance 506.87 1.51% CRISIL AAA
Tata Sons 506.78 1.51% CRISIL AAA
Power Finance Corporation 505.80 1.50% CRISIL AAA
Kotak Mahindra Prime 504.18 1.50% [ICRA]AAA
Shriram Transport Finance Company 61.14 0.18% CRISIL AA+
HDFC 1,295.75 3.85% CRISIL AAA
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating17-Oct-06
Customised
Benchmark Index**
12.7229
0.79 years
0.71 years
8.18%
Kapil Punjabi
Available
10,000
1,000 p.m.(SIP)
Growth, Daily Dividend,Reinvestment
Weekly Dividend,Reinvestment
Monthly Dividend (Payout &Reinvestment)
Nil
`
`
`
Rating Profile
AAAand equivalents 85.83%
Reverse Repos/ CBLOs 12.54%
AA+/AA-/AAand equivalents 6.18%
Net CurrentAssets -4.55%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Ultra Short Term Bond Fund - Institutional Option - Monthly Dividend
HSBC Ultra Short Term Bond Fund - Monthly Dividend - Direct Plan
HSBC Ultra Short Term Bond Fund - Institutional Plus Option - Monthly Dividend
25-May-15 0.04182 0.03874 10.1847
25-Jun-15 0.05043 0.04673 10.1966
27-Jul-15 0.05367 0.04972 10.2011
25-Jun-14 0.15218 0.14575 10.1953
28-Jan-11 0.04829 0.04501 10.3821
25-Feb-11 0.04125 0.03845 10.3741
25-Mar-11 0.05214 0.04859 10.3865
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular 1.30%
Institutional 1.00%
Institutional Plus 0.25%
Direct Plan 0.20%
Regular 1.30%
Institutional 1.00%
Institutional Plus 0.25%
Direct Plan 0.20%
#
#
#
#
Excludes service tax on Investment Management fees of 0.01%of Total NetAssets.
Excludes service tax on Investment Management fees of 0.02%of Total NetAssets.
Investors understand that their principalwill be at Moderately Low risk
Riskometer
Modera
tely Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Liquidity over short term• Investment in Debt / Money
Market Instruments
HSBC Ultra Short Term Bond Fund (HUSBF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
HSBC Flexi Debt Fund (HFDF)An Open Ended Debt Scheme
Investment Objective: Seeks to deliver returns in the form of interest income and capital gains, along with high liquidity,commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and moneymarket instruments.
33
FUND DETAILS
Date of Allotment
Benchmark
NAV (Growth)(as on 31.07.15)
Average Maturity ofPortfolio
Modified Duration
of Portfolio
Yield To Maturity*
Fund Manager
SIP
Minimum
Application Amount
Exit Load
per unit
@
Asset Allocation
Government Securities 82.31%
Corporate/ PSU Debt 10.73%
Cash Equivalents 5.82%
Net CurrentAssets 1.14%
@ Effective from March 1, 2013 for prospective investments.
* Based on invested Amount
# Plan(s) discontinued from accepting subscriptions
w.e.f. November 01, 2012
FUND PORTFOLIO
Corporate/ PSU Debt
Government Securities
Cash Equivalents
CBLO 3,179.02 5.82%
Net Current Assets 628.51 1.14%
Total Net Assets as on 31-Jul-2015 54,623.83 100.00%
Corporate Bonds / Debentures
Rural Electrification Corporation 4,968.11 9.10% CARE AAA
Power Grid Corporation of India 491.95 0.90% CRISIL AAA
NABARD 397.91 0.73% CRISIL AAA
7.68% GOVT OF INDIA RED 15-12-2023 6,820.36 12.49% SOVEREIGN
7.95% GOVT OF INDIA RED 28-08-2032 5,599.54 10.25% SOVEREIGN
8.40% GOVT OF INDIA RED 28-07-2024 5,206.11 9.53% SOVEREIGN
7.88% GOVT OF INDIA RED 19-03-2030 5,098.24 9.33% SOVEREIGN
7.72% GOVT OF INDIA RED 25-05-2025 4,975.96 9.11% SOVEREIGN
8.60% GOVT OF INDIA RED 02-06-2028 4,240.04 7.76% SOVEREIGN
8.24% GOVT OF INDIA RED 10-11-2033 4,116.78 7.54% SOVEREIGN
7.16% GOVT OF INDIA RED 20-05-2023 2,666.62 4.88% SOVEREIGN
8.17% GOVT OF INDIA RED 01-12-2044 2,581.66 4.73% SOVEREIGN
7.35% GOVT OF INDIA RED 22-06-2024 2,095.61 3.84% SOVEREIGN
8.29% TAMIL NADU SDL RED 29-07-2025 1,557.40 2.85% SOVEREIGN
IssuerMarket Value
( in Lacs)`
% to NetAssets
Rating05-Oct-07
CRISIL Composite BondFund Index
19.3703
11.99 years
6.93 years
7.98%
Sanjay Shah
Available
10,000
1,000 p.m.(SIP)
Nil
`
`
`
Rating Profile
Sovereign 82.31%
AAAand equivalents 10.73%
Reverse Repos/ CBLOs 5.82%
Net CurrentAssets 1.14%
Dividend DeclarationRecord Date / periodof dividend declared
Dividend ( per unit)Non-Institutional
` Dividend ( per unit)Institutional
` NAV ( ) per unit(cum dividend)
`
HSBC Flexi Debt Fund - Regular Option - Monthly Dividend
HSBC Flexi Debt Fund - Institutional Option - Monthly Dividend
HSBC Flexi Debt Fund - Monthly Dividend - Direct Plan
HSBC Flexi Debt Fund - Regular Option - Quarterly Dividend
HSBC Flexi Debt Fund - Institutional Option - Quarterly Dividend
HSBC Flexi Debt Fund - Quarterly Dividend - Direct Plan
HSBC Flexi Debt Fund - Regular Option - Half Yearly Dividend
HSBC Flexi Debt Fund - Institutional Option - Half-yearly Dividend
HSBC Flexi Debt Fund - Half-yearly Dividend - Direct Plan
26-Apr-13 0.05836 0.04973 10.4949
31-May-13 0.11214 0.10740 10.6718
28-Jun-13 0.03263 0.03125 10.4175
25-Jun-15 0.18057 0.16729 11.8869
25-Jun-15 0.18057 0.16729 11.8484
25-Jun-15 0.18057 0.16729 12.1094
14-Sep-12 0.35236 0.30201 11.4315
15-Mar-13 0.35236 0.30201 11.6629
25-Mar-15 0.37019 0.34330 12.5368
15-Mar-13 0.35236 0.30201 10.9757
25-Sep-14 0.31171 0.29853 11.2593
25-Mar-15 0.34842 0.32311 11.8530
27-Jan-15 0.21014 0.19488 10.8749
25-Feb-15 0.03739 0.03467 10.6368
27-Apr-15 0.01724 0.01597 10.6092
25-Feb-15 0.04250 0.03941 10.7726
27-Apr-15 0.02708 0.02509 10.7518
27-Jul-15 0.00679 0.00629 10.7236
26-Dec-14 0.16332 0.15146 12.0792
25-Mar-15 0.18147 0.16829 12.2052
26-Dec-14 0.16332 0.15146 12.0271
25-Mar-15 0.18147 0.16829 12.1590
26-Dec-14 0.16332 0.15146 12.2374
25-Mar-15 0.18147 0.16829 12.3982
Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: 10 per unit.`
Total Expense Ratio as on , 2015
Annualised Expense Ratio from 1st April 2015onwards
July 31
Regular # 1.85%Institutional 1.60%
Regular # 1.85%
Institutional 1.60%
Direct Plan 0.85%
Direct Plan 0.85%
Excludes service tax on Investment Management fees of 0.10%of Total NetAssets.
Excludes service tax on Investment Management fees of0.09% of Total Net Assets.
Investors understand that their principalwill be at Moderate risk
Riskometer
Mod
erately Moderate
Low
High
Low
High
LOW HIGH
Moderately
This product is suitable forinvestors who are seeking*:• Regular Income over long
term• Investment in Debt / Money
Market Instruments
HSBC Flexi Debt Fund (HFDF)
* Investors should consult their financial advisers if in doubt aboutwhether the product is suitable for them.
34
HSBC MIP - Savings & Regular Plan
HSBC Income Fund - Investment Plan
HSBC Income Fund - Short Term Plan
HSBC Floating Rate Fund Long Term Plan
HSBC Cash Fund
HSBC Gilt Fund
HSBC Ultra Short Term Bond Fund
HSBC Flexi Debt Fund
For Debt portion: Sanjay Shah (from 14 August 2009) & ForEquity portion: Aditya Khemani (from 24 February 2009)
Sanjay Shah (from 09 January 2009)
Sanjay Shah (from 09 January 2009)
Kapil Punjabi (from 18 October 2014)
Kapil Punjabi (from 14 March 2014)
Sanjay Shah (from 09 January 2009)
Kapil Punjabi (from 18 October 2014)
Sanjay Shah (from 09 January 2009)
Name of Scheme Fund Manager
Fund Manager’s Experience
Sanjay ShahSenior Vice President Head - Fixed IncomeB. Com, A.C.A., Post Graduate Diploma in Management
Experience:
Over 15 years of experience in research and risk
HSBC Asset Management (India) Private Ltd
Senior Vice President & Fund Manager, Fixed Income since October 2011 to present,
Vice President & Fund Manager, Fixed Income since December 2008 to September 2011.
FIL Fund Management Private Ltd
Credit Analyst from September 2008 to December 2008
Lehman Brothers Structured Financial Services Private LtdVice President, Convertible Products from September 2006 to September 2008
Rabo India Finance Private LtdSenior Manager – Credit Risk from July 2004 to September 2006
ICICI Bank LtdManager, Credit Risk from January 2003 to June 2004
SBI Funds Management Private LtdChief Manager, Debt Funds from June 1999 to January 2003
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Kapil Punjabi
Vice President & Fund Manager - Fixed Income
B.M.S, M.M.S (Mumbai University)
Experience:
Over 9 years of experience in research and Fund Management
HSBC Asset Management (India) Private Ltd.Vice President & Fund Manager - Fixed Income from March 04, 2014 onwards.
Taurus Asset Management Company LimitedFund Manager Fixed Income from June 07, 2012 to February 27, 2014.
Edelweiss Asset Management LimitedFund Manager Fixed Income from December 05, 2009 to June 06, 2012.
Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009
Trans Market Group Research (India) Private LimitedResearch Analyst and Proprietary Trader from May 2006 to October 2007.
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Funds Managed by - Sanjay Shah (for Debt portion) &Aditya Khemani (for Equity portion)
Funds Managed by - Sanjay Shah.
HSBC MIP - Regular Plan
HSBC MIP - Savings Plan
HSBC Gilt Fund
Date of Inception : 24 Feb 04
Date of Inception : 24 Feb 04
Date of Inception : 05 Dec 03
Scheme Name & Benchmarks
Scheme Name & Benchmarks
Scheme Name & Benchmarks
July 14 -June 15
July 14 -June 15
July 14 -June 15
July 13 -June 14
July 13 -June 14
July 13 -June 14
July 12 -June 13
July 12 -June 13
July 12 -June 13
SinceInception
SinceInception
SinceInception
HSBC MIP - Regular Plan - Growth
Crisil MIP Blended Index (Scheme Benchmark)
Crisil 1 Year T-Bill Index (Standard Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HMIP - R, would have become
10,000, if invested in Crisil MIP Blended Index, would have become
10,000, if invested in Crisil 1 Year T-Bill Index, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
`
HSBC MIP - Savings Plan - Growth
Crisil MIP Blended Index (Scheme Benchmark)
Crisil 1 Year T-Bill Index (Standard Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HMIP - S, would have become
10,000, if invested in Crisil MIP Blended Index, would have become
10,000, if invested in Crisil 1 Year T-Bill Index, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
`
HSBC Gilt Fund - Growth
I-Sec Composite Bond Fund Index (Scheme Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HGF, would have become
10,000, if invested in I-Sec Composite Bond Fund Index, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
9.37% 9.82% 10.18% 8.12%
11.01% 7.85% 10.87% 7.78%
8.52% 5.91% 8.19% 5.78%
11.73% -2.43% 12.14% 4.99%
10,937 10,982 11,018 22,445
11,101 10,785 11,087 21,735
10,852 10,591 10,819 17,892
11,173 9,757 11,214 16,556
` ` ` `
` ` ` `
` ` ` `
` ` ` `
9.94% 14.33% 11.43% 9.80%
11.01% 7.85% 10.87% 7.78%
8.52% 5.91% 8.19% 5.78%
11.73% -2.43% 12.14% 4.99%
10,994 11,433 11,143 26,332
11,101 10,785 11,087 21,735
10,852 10,591 10,819 17,892
11,173 9,757 11,214 16,556
` ` ` `
` ` ` `
` ` ` `
` ` ` `
10.92% 1.57% 12.21% 5.08%
11.69% 3.98% 12.02% 7.13%
11.73% -2.43% 12.14% 4.97%
11,092 10,157 11,221 17,739
11,169 10,398 11,202 22,207
11,173 9,757 11,214 17,525
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.
`
`
Comparative Performance of Debt Schemes
35
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.
`
`
HSBC Income Fund - Investment Plan
HSBC Flexi Debt Fund
Date of Inception : 10 Dec 02
Date of Inception: 05 Oct 07
Scheme Name & Benchmarks
Scheme Name & Benchmarks
July 14 -June 15
July 14 -June 15
July 13 -June 14
July 13 -June 14
July 12 -June 13
July 12 -June 13
SinceInception
SinceInception
HSBC Income Fund - Investment Plan - Growth
Crisil Composite Bond Fund Index (Scheme Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HIF - IP, would have become
10,000, if invested in Crisil Composite Bond Fund Index, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
HSBC Flexi Debt Fund - Growth
Crisil Composite Bond Fund Index (Scheme Benchmark)
Crisil 10 Year Gilt Index (Standard Benchmark)
10,000, if invested in HFDF, would have become
10,000, if invested in Crisil Composite Bond Fund Index, would have become
10,000, if invested in Crisil 10 Year Gilt Index, would have become
`
`
`
9.90% 2.47% 11.56% 7.07%
11.11% 4.51% 10.76% 6.34%
11.73% -2.43% 12.14% 5.66%
10,990 10,247 11,156 22,042
11,111 10,451 11,076 20,349
11,173 9,757 11,214 18,902
` ` ` `
` ` ` `
` ` ` `
10.09% 3.88% 11.44% 8.75%
11.11% 4.51% 10.73% 7.42%
11.73% -2.43% 12.14% 6.44%
11,009 10,388 11,144 19,147
11,111 10,451 11,073 17,401
11,173 9,757 11,214 16,210
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
Past performance may or may not be sustained in the future. Refer note below.
Comparative Performance of Debt Schemes
36
HSBC Income Fund - STP Date of Inception : 10 Dec 02
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC Income Fund - S T P - Growth
Crisil Short Term Bond Fund Index (Scheme Benchmark)
Crisil 1 Year T-Bill Index (Standard Benchmark)
10,000, if invested in HIF -ST, would have become
10,000, if invested in Crisil Short Term Bond Fund Index, would have become
10,000, if invested in Crisil 1 Year T-Bill Index, would have become
`
`
`
8.79% 7.56% 9.26% 7.03%
9.54% 8.75% 9.33% 6.94%
8.52% 5.91% 8.19% 5.74%
10,879 10,756 10,926 21,930
10,954 10,875 10,933 21,723
10,852 10,591 10,819 19,066
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
HSBC Cash Fund@
Date of Inception: 04 Dec 02
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 13 -June 14
SinceInception
HSBC Cash Fund - Growth
Crisil Liquid Fund Index (SchemeBenchmark)
Crisil 91 Day T-Bill Index (StandardBenchmark)
`
`
`
10,000, if invested in HCF, would havebecome
10,000, if invested in Crisil Liquid FundIndex, would have become
10,000, if invested in Crisil 91 Day T-BillIndex, would have become
HSBC FRF - LTP - Regular Plan Date of Inception : 16 Nov 04
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
July 12 -June 13
SinceInception
HSBC FRF - LTP - Growth
Crisil Liquid Fund Index (Scheme Benchmark)
Crisil 1 Year T-Bill Index (Standard Benchmark)
10,000, if invested HFRF - LTP, would have become
10,000, if invested in Crisil Liquid Fund Index, would have become
10,000, if invested in Crisil 1 Year T-Bill Index, would have become
`
`
`
8.57% 9.39% 8.68% 7.79%
8.75% 9.64% 8.14% 7.18%
8.52% 5.91% 8.19% 6.00%
10,857 10,939 10,868 22,200
10,875 10,964 10,814 20,900
10,852 10,591 10,819 18,578
` ` ` `
` ` ` `
` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
Last 7 Daysas on 30
June 2015
Last 15 Daysas on 30
June 2015
Last 30 Daysas on 30
June 2015
8.19% 8.12% 8.15% 8.81% 9.59% 8.78% 8.96%
8.00% 7.96% 8.05% 8.75% 9.64% 8.14% 8.79%
7.74% 7.77% 7.95% 8.67% 8.76% 8.31% 8.39%
10,016 10,033 10,067 10,881 10,959 10,878 14,240
10,015 10,033 10,066 10,875 10,964 10,814 14,150
10,015 10,032 10,065 10,867 10,876 10,831 13,938
` ` ` ` ` ` `
` ` ` ` ` ` `
` ` ` ` ` ` `
Past performance may or may not be sustained in the future. Refer note below.
@Pursuant to SEBI circular dated Sept 13, 2012, certain Plans/options within the schemes have been discontinued to comply with a singleplan structure. Since there was no continuous NAV history available for the surviving Plan prior to 19 May 2011, returns since the said datehave been considered for calculating performance. The inception date of HSBC Cash Fund however is 4 December 2002.
Data for the period July to June has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns arecompounded annualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for thespecific time period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minordifferences between point-to-point returns vis-a-vis returns indicated above.
`
`
Comparative Performance of Debt Schemes
37
Funds Managed by - Kapil Punjabi.
HSBC Ultra Short Term Bond Fund$
Date of Inception : 17 Oct 06
Scheme Name & Benchmarks July 14 -June 15
July 13 -June 14
SinceInception
HSBC Ultra Short Term Bond Fund - Growth
Customised Benchmark Index Fund (Scheme Benchmark)*
Crisil 1 Year T-Bill Index (Standard Benchmark)
10,000, if invested in HUSTBF, would have become
10,000, if invested in Customised Benchmark Index, would have become
10,000, if invested in Crisil 1 Year T-Bill Index, would have become
`
`
`
8.64% 9.32% 8.87%
8.83% 9.55% 8.95%
8.52% 5.91% 7.46%
10,864 10,932 21,251
10,883 10,955 21,384
10,852 10,591 18,931
` ` `
` ` `
` ` `
Past performance may or may not be sustained in the future. Refer note below.
*Composite index of Crisil Liquid Fund Index(90%) and Crisil Short Term Bond Fund Index(10%).
$Pursuant to SEBI circular dated Sept 13, 2012, certain Plans/options within the schemes have been discontinued to comply with a singleplan structure. Since there was no continuous NAV history available for the surviving Plan prior to 1 October 2012, returns since the said datehave been considered for calculating performance. The inception date of HSBC Ultra Short Term Bond Fund however is 17 October 2006.
All returns have been sourced from MutualFundsIndia Explorer software unless otherwise stated. With regard to equity
schemes (including the equity component of MIPs), Fund performance is calculated on a total return basis (i.e. it includes
dividends re-invested) while the benchmark is calculated on a price return basis (i.e. it does not consider dividends re-
invested).
This document has been prepared by HSBCAsset Management (India) Private Ltd (HSBC) for information purposes only and
should not be construed as an offer or solicitation of an offer for purchase of any of the funds of HSBC Mutual Fund. All
information contained in this document (including that sourced from third parties), is obtained from sources HSBC, the third
party believes to be reliable but which it has not independently verified and HSBC, the third party makes no guarantee,
representation or warranty and accepts no responsibility or liability as to the accuracy or completeness of such information.
The information and opinions contained within the document are based upon publicly available information and rates of
taxation applicable at the time of publication, which are subject to change from time to time. Expressions of opinion are those of
HSBC only and are subject to change without notice. It does not have regard to specific investment objectives, financial
situation and the particular needs of any specific person who may receive this document. Investors should seek financial
advice regarding the appropriateness of investing in any securities or investment strategies that may have been discussed or
recommended in this report and should understand that the views regarding future prospects may or may not be realized.
Neither this document nor the units of HSBC Mutual Fund have been registered in any jurisdiction. The distribution of this
document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of
this document are required to inform themselves about, and to observe, any such restrictions. Mutual fund investments are
subject to market risks. Please read the Scheme Information Document carefully before investing.
Investors should not invest in the Scheme solely based on the information provided in this document and should read the
Combined Scheme Information Document and, Statement of Additional Information of the Fund for details. This document
does not constitute an offering document.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means,
electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Asset
Management (India) Private Ltd.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
HSBCAsset Management (India) Private Limited,
16, V.N. Road, Fort, Mumbai-400001
Email: hsbcmf@hsbc.co.in
Website: www.assetmanagement.hsbc.com/in
Statutory Details & Disclaimers
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