The Asset...03 Fund Manager Commentary GDPlowestin5quarters InstitutionalFundFlows The country's GDP or gross domestic product in the first quarter of the financial year posted a disappointing

The AssetFactsheet – August 2016

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Comparative Performance of Equity Schemes

HSBC MIP - Savings Plan

HSBC MIP - Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of MIP & Debt Schemes

Section II - How to read Factsheet

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18

RBI's third bi-monthly monetary policy

Way ahead

Positive traction in equity markets continued

As expected, the Reserve Bank of India (RBI) kept the interest rates unchanged in its third bi-monthly monetary policy due to sharper than

anticipated increase in food prices which has pushed up projected inflation trajectory for the rest of the year. Risk to inflation target of 5%

continued to remain on upside as per RBI. Impact of the allowances increase in the 7th pay commission will have to be carefully monitored.

Moreover, there is an emphasis on liquidity management. RBI would retain with the strategy and continue with frontloading the liquidity

provisions. It will continue with the Open Market Operations (OMO) and announced one OMO forAugust 2016.

Monsoon has picked up with cumulative rainfall 3% higher than the long period average. Kharif sowing strengthened with particular focus on

pulses. Most of the crops are at an acreage higher than the last year. Merchandise exports moved in the positive territory in June after 18

months. Imports continue to decline albeit, at a slower pace. Lower crude prices continued to compress Petroleum, Oil and Lubricant (POL)

import bill while the domestic demand for gold remained muted.

RBI will continue to follow developments on

Transmission of the lower rates by banks through Marginal Cost of Funds based on Lending Rate (MCLR) mechanism

Effects of pro-active liquidity management

Management of Foreign Currency Non ResidentialAccount – B (FCNR-B) redemptions without market disruption

The policy stance remains accommodative and RBI should continue to provide adequate liquidity. The inflation expectation of Q4 FY 17 is

retained at 5% with an upside bias.

Equity markets sentiments continued to show positive traction driven by domestic factors leading to gains in market indices, while midcaps

continued to outperform. The S&P BSE Sensex and the Nifty 50 appreciated by 1.4% and 1.7% respectively during the month with BSE

midcap (+ 4.4%) and BSE small cap (+2.8%) indices, once again outperforming the market indices.

The landmark Good & Services Tax (GST) was passed in the upper house of the parliament in a unanimous manner. While all efforts are

being made to meet a stiff roll-out timeline of 01 April 2017, there could be some delay on that front given the complexity of this exercise.

However, states have progressed very fast on ratifying the GST bill and the minimum requirement of 16 states before it can be sent for

Presidential assent which will likely be achieved in the first few days of September itself.

Monsoon rainfall moderated during August , bringing down the chances of an above normal rainfall this season. The cumulative rainfall is

currently trending slightly below the normal levels (3% below normal on an aggregate basis as on 28August) and hence it could moderate to a

normal rainfall as against an above normal expectations.

TheApril-June 2016 quarterly earnings season was devoid of any major surprises but that may not help lift the earnings trajectory as yet, with

hopes now pinning on 2QFY17 to show meaningful earnings recovery driven by a good monsoon and pick-up in domestic consumption.

�

�

�


01

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

Sensex BSE100 BSE200 BSE500 BSE MidCap BSESmallCap

Indices Performance - Aug 2016

Source: Bloomberg; Bombay Stock Exchange (BSE)

Exports contract

After reversing an 18-month decline last month, the country’s merchandise exports once again contracted in July 2016. They fell 6.8% year-

on-year (YoY) to USD21.7 billion in July 2016 after expanding 1.3% in the previous month.

Imports fell 19% YoY to USD 29.5 bn. They contracted 7.3% in June 2016.

Trade deficit narrowed down to USD 7.8 bn (USD 8.1 bn).

Imports got a leg up from petroleum and oil lubricants. Oil imports expanded 12.8% to USD 14.4 bn. Non-oil and non-gold imports, a pointer

towards industrial activity, cumulatively rose 2.9% to USD 23.8 bn. They expanded 1.4% in June 2016.

Gold imports fell 26.4% to USD 1.8 bn, vis-à-vis 38.5% decline last month.

The country's industrial growth as represented by the Index of Industrial Production (IIP) nudged higher to an 8-month high of 2.1% in June

2016 (1.1% in May post-revision).

This is attributed to a pickup in electricity generation (up 8.3%) as also mining output (4.7%). However, manufacturing which has the highest

weight in the IIP, crawled 0.9%.

On an encouraging note, while expansion in industrial activity is not exceptional at this level, there is improvement across the board. Out of

the 22 industry groups, 18 saw a rise in production.

Activity should pick up at a more sustained level with monsoons and spurt in rural demand as also salary revisions.

With the month on month volatility in IIP however, it is no longer as reliable a measure of industrial trend in the country.

IIP on an 8-month high


02

Economic Indicators

Retail inflation or consumer price inflation (CPI) caught many by surprise with its sharp trajectory. It touched a two-year high in July 2016,

mainly from food inflation. It also overshot the government's CPI target level.

With the CPI inching ahead to 6.07% in July (compared to 5.77% in the previous month), it is way above the central bank's target of 5% by

March 2017.

Food prices also hurt wholesale inflation or WPI (wholesale price inflation) triggering a sharp rise by 3.55% - which is near the two-year high.

The comparable number in June 2016 was 1.62%.

Evidently, unfavourable base effects combined with rise in global commodity prices have been hurting the inflation numbers.

Food inflation in particular has caused much of the escalation in overall prices. It is at a 30-month high of 11.8% with potatoes and pulses

rising appreciably by 58% and 35.7%, respectively.

Inflation in general and food inflation in particular is expected to temper over the months on expectations of a good harvest and should be

around 5% by the end of March 2016.

Inflation rises from spike in food prices

Consumer Price Index (CPI)

0

2

4

6

8

10

Feb-1

4M

ar-

14

Apr-

14

May-1

4Jun-1

4Jul-14

Aug-1

4S

ep-1

4O

ct-

14

Nov-1

4D

ec-1

4Jan-1

5F

eb-1

5M

ar-

15

Apr-

15

May-1

5Jun-1

5Jul-15

Aug-1

5S

ep-1

5O

ct-

15

Nov-1

5D

ec-1

5Jan-1

6F

eb-1

6M

ar-

16

Apr-

16

May-1

6Jun-1

6Jul-16

CPI Inflation (%)

Source: Bloomberg; Central Statistical Organization (CSO) India

Source: Bloomberg; Central Statistical Organization (CSO) India

Index of Industrial Production (IIP)

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

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Ja

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6

03


GDP lowest in 5 quarters

Institutional Fund Flows

The country's GDP or gross domestic product in the first quarter of the financial year posted a disappointing 7.1% growth (7.5% in the

corresponding quarter last year). This is its slowest performance in 5 quarters. GDP had expanded 7.9% in the previous quarter (last quarter

of FY16), promising a solid performance on GDP for the current financial year.

GDP suffered setbacks on agriculture, mining and quarrying as also construction.

The gross fixed capital formation (GFCF), a barometer for private investment, slumped 3.1% in real terms over the first quarter. Corporates

are still waiting by the sidelines before they start investing. This means that there will have to be considerable progress in revisiting stalled

projects and boosting public investments.

On a positive note, the gross value added (GVA), a number that is adjusted for subsidies and taxes, grew at an improved 7.3% (7.4% in the

previous quarter)

Positive traction in equity markets continued driven by stable to improving domestic factors. Equity market valuations are currently trending

above historical averages but the premium of the midcap to largecap valuations have moved up significantly, with the former outperforming in

August as well. From a near term perspective equity markets seem to be discounting most of the positives, be it a normal monsoon or the

implementation of the key legislations including the GST bill. Macro data indicators have seen a steady improvement over the past 2 years,

however, corporate earnings are yet to see any significant momentum but we see a gradual improvement on that front as well. Key factors to

look out for in the short to medium term are the monsoon rainfall trends, as it draws to a close and the policy roadmap of the Government.

Given the current valuations, we expect equity markets to remain in a range bound manner with a slight negative bias in the short term. We

also need to be cautious on global cues such as incremental news flows around the 'Brexit' event or the US Federal Reserve rate decision

dynamics, among others. The deviation to the above near term view could come on the back of faster than expected rebound in the corporate

earnings and any positive surprises on the monetary policy front.

The appointment of Dr Urjit Patel came as a surprise to many who expected a dovish governor. With his appointment, the government sends

a signal to the international community that it is committed to rein in inflation.

Although rates were left unchanged in the latest announcement as widely expected, the accommodative stance of the central bank came as a

positive.Also the central bank is committed to the 5% CPI target for March 2017.

The central bank rolled out a series of initiatives in debt market like allowing domestic banks to issue 'masala bonds' and to accept corporate

bonds under the LAF or liquidity adjustment facility.

Meanwhile, long term spreads compressed further, making them attractive propositions. There was euphoria in the markets on the

announcement of the new 10-year benchmark.

Abalanced approach to growth and inflation continues to be the focus of the government with the appointment of the Dr. Patel.

As pointed out again by the central bank, it is imperative for banks to pass on the rate reduction to borrowers to spur credit growth, which is low

at present. This may help build some demand and expand capacities in the long run.

Markets have already factored in many of the positive news flows including rate cuts as inflation is expected to peak out once the positive

effects of monsoon percolate down.

We continue to make duration calls from news on liquidity and rate cuts with the short end in particular benefitting from higher accrual and

surplus liquidity.

External

The Foreign Institutional Investors (FIIs) net bought equities worth ~USD 1.46 billion during August 2016 and the net inflow from the FII

segment now stands at an impressive ~USD 6.11 billion for Calendar Year 2016. The Domestic Institutional Investors (DIIs) saw the third

consecutive month of outflows and experienced net outflows of ~USD 659 million driven by ~USD 943 million of outflows from the Insurance

segment. Domestic Mutual Funds on the other hand saw net buying to the tune of ~USD 284 million during the month. From a calendar year

to date perspective, DII tally of net buying has now turned negative at ~USD 256 million of net outflows.

The Federal Reserve deliberated over the recent job gains in the US labour market among other updates and how that would pan out in terms

of a rate hike. There is a view that at least one hike in the current year cannot be ruled out.

Market View

Global Economic Scenario

Equity Market Outlook

Debt Market – Update

Debt Market – Outlook

Source: Bloomberg, for all data except where mentioned otherwise

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Nov/0

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7M

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7A

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ov/0

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ug/1

6

Repo Rate Movement

Repo Rate

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund

HSBC IndiaOpportunities

Fund

HSBCMidcap

Equity Fund #

Overweight Underweight Neutral

# The 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 FundPositive Contributors

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

Telecommunication – being underweight helped performance

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

Negative Contributors

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

Review: HSBC India Opportunities Fund

Positive Contributors

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

Telecommunication – being underweight helped performance


Energy, Utilities – being underweight hurt the performance

Review: HSBC Midcap Equity Fund

Positive Contributors

Information Technology - being underweight helped performance


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

Consumer Staples – being overweight hurt performance

Telecommunication & Utilities – being underweight hurt performance

Energy – certain stock (s) selection hurt performance

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

Review: HSBC MIP Regular and Savings PlansOur current exposure is 13.51% in HMIP Regular and 24.52%, in HMIP Savings. Currently it is more biased towards large caps than

mid or small caps.

HSBC Equity Fund (HEF)An Open Ended Diversified Equity Scheme

Investment Objective: Aims to generate long term capital growth from an actively managed portfolio of equity and equityrelated securities.

05

FUND DETAILS

Weighted Average Monthly Total Expenses ratios(Annualized)

Portfolio Turnover

Regular 2.43%

Direct Plan 1.71%

0.76

Excludes service tax on Investment Management fees of 0.21%of Total NetAssets.

Asset Allocation

Auto 10.16%AutoAncillaries 1.62%Banks 24.84%Cement 4.56%Construction 1.01%Construction Project 5.54%Consumer Non Durables 6.69%Finance 10.51%Gas 1.48%Pesticides 2.68%Petroleum Products 6.33%Pharmaceuticals 8.33%Power 1.87%Software 11.14%Transportation 1.76%Other Equity Investments 0.49%Reverse Repos/CBLOs 1.47%Net CurrentAssets -0.48%Total NetAssets 100.00%

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

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate: 6.54% (FIMMDA-NSE Mibor) as on August 31,2016)

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

FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Construction Project

Consumer Non Durables

Finance

Gas

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Transportation

Other Equity Investments 292.20 0.49%

Cash Equivalents

CBLO 830.41 1.39%

Reverse Repos 45.85 0.08%

Net Current Assets -279.13 -0.48%

Total Net Assets as on 31-Aug-2016 59,602.56 100.00%

Tata Motors 3,226.20 5.41%

Maruti Suzuki India 1,768.78 2.97%

Hero Motocorp 1,062.41 1.78%

Motherson Sumi Systems 967.65 1.62%

HDFC Bank 5,164.80 8.67%

ICICI Bank 3,741.00 6.28%

Yes Bank 3,073.73 5.16%

IndusInd Bank 2,075.85 3.48%

Axis Bank 746.06 1.25%

Ultratech Cement 2,014.35 3.38%

Grasim Industries 700.46 1.18%

J.Kumar Infraprojects 600.61 1.01%

Larsen & Toubro 1,739.89 2.92%

Voltas 1,561.20 2.62%

ITC 3,120.60 5.24%

Britannia Industries 865.14 1.45%

HDFC 1,756.81 2.95%

LIC Housing Finance 1,289.36 2.16%

Bajaj Finserv 1,186.92 1.99%

Bajaj Finance 1,101.11 1.85%

Shriram Transport Finance Co. 927.79 1.56%

Petronet LNG 879.63 1.48%

UPL 1,597.38 2.68%

Reliance Industries 2,650.00 4.45%

Castrol (India) 1,117.63 1.88%

Aurobindo Pharma 1,977.13 3.32%

Sun Pharmaceutical Industries 1,163.48 1.95%

Glenmark Pharmaceuticals 1,009.32 1.69%

Torrent Pharmaceuticals 815.98 1.37%

NTPC 1,114.75 1.87%

Infosys 3,625.48 6.08%

HCL Technologies 2,141.01 3.59%

Tata Consultancy Services 878.96 1.47%

Adani Ports & Special Economic Zone 1,051.80 1.76%

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

22-Feb-13 2.50000 2.50000 26.1962

27-Jun-14 2.50000 2.50000 31.2065

22-Feb-13 2.50000 2.50000 26.2505

27-Jun-14 2.50000 2.50000 31.5845

10-Nov-15 3.70000 3.70000 30.0806

10-Nov-15 3.70000 3.70000 29.4046

HSBC Equity Fund - Dividend - Direct Plan

Date of Allotment

Benchmark

NAV (Growth)(as on 31.08.16)

Monthly Average AUM

(In Lakhs)

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

@

Statistical Ratios

10-Dec-02

S&P BSE 200

164.8369

58,667.37

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.67%

`

`

`

1.0267

0.2592

Investors understand that their principalwill be at Moderately High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:

• To create wealth over longterm

• Investment in equity andequity related securities

HSBC Equity Fund (HEF)

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

HSBC India Opportunities Fund (HIOF)

This product is suitable for investors who are seeking*:

�

�

�

Overnight liquidity over short term

Investment in Money Market Instruments

Low riskLOW RISK

(BLUE)

Note: Risk is represented as -

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

06

FUND DETAILS


Portfolio Turnover

Regular 2.48%

Direct Plan 1.75%

0.52


Asset Allocation

Auto 8.68%

Banks 24.85%

Cement 1.96%

Chemicals 2.41%

Construction 4.20%

Construction Project 1.21%

Consumer Durables 1.27%

Consumer Non Durables 4.75%

Finance 12.67%

Industrial Products 2.91%

Media & Entertainment 1.80%

Pesticides 2.59%

Petroleum Products 3.87%

Pharmaceuticals 8.15%

Software 10.73%

Textile Products 4.72%

Other Equity Investments 1.22%

Reverse Repos/CBLOs 3.18%

Net CurrentAssets -1.17%

Total NetAssets 100.00%

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

August 31

(absolute)

**Risk free rate: 6.54% (FIMMDA-NSE Mibor) as on ,2016)



FUND PORTFOLIO

Auto

Banks

Cement

Chemicals

Construction


Consumer Durables


Finance

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Software

Textile Products


Cash Equivalents

CBLO 1,484.45 3.01%




Tata Motors 2,688.50 5.45%

Eicher Motors 1,592.57 3.23%

HDFC Bank 4,519.20 9.17%

Yes Bank 2,732.20 5.54%

ICICI Bank 2,322.00 4.71%

IndusInd Bank 1,779.30 3.61%

Axis Bank 895.28 1.82%

Heidelbergcement India 964.25 1.96%

Vinati Organics 1,190.60 2.41%

Somany Ceramics 737.50 1.50%

KNR Constructions 718.20 1.46%

Ahluwalia Contracts (India) 610.60 1.24%

Sadbhav Engineering 595.70 1.21%

Blue Star 626.44 1.27%

ITC 2,340.45 4.75%

Bajaj Finance 1,926.94 3.91%

Bharat Financial Inclusion 1,434.13 2.91%

Bajaj Finserv 1,186.92 2.41%

Manappuram Finance 853.00 1.73%

HDFC 843.27 1.71%

Supreme Industries 1,435.43 2.91%

Dish TV India 887.85 1.80%

UPL 1,277.90 2.59%

Reliance Industries 1,908.00 3.87%


Torrent Pharmaceuticals 1,387.16 2.81%

Glenmark Pharmaceuticals 1,051.38 2.13%

Infosys 3,107.55 6.30%

HCL Technologies 1,557.10 3.16%


Arvind 933.90 1.89%

Indian Terrain Fashions 806.85 1.64%

Welspun India 584.40 1.19%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

27-Jun-14 1.50000 1.50000 23.2323

17-Mar-15 2.70000 2.70000 27.0820

27-Jun-14 1.50000 1.50000 23.5020

17-Mar-15 1.50000 1.50000 27.5575

10-Nov-15 1.50000 1.50000 21.8624

10-Nov-15 1.50000 1.50000 23.4738

An Open Ended Flexi-Cap Equity Scheme

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

Date of Allotment

Benchmark

NAV (Growth)(as on 31 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Feb-04

S&P BSE 500

72.1216

49,756.83

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.85%

1.0481

0.3765

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities acrossmarket capitalisations

HSBC India Opportunities Fund (HIOF)


HSBC Midcap Equity Fund (HMEF)


�

�

�



Low riskLOW RISK

(BLUE)



07

FUND DETAILS


Portfolio Turnover

Regular 2.47%

Direct Plan 1.80%

0.35


Asset Allocation


August 31

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Cement

Chemicals

Construction



Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Textiles - Synthetic

Other Equity Investments 2,058.94 5.12%

Cash Equivalents

CBLO 535.79 1.33%




VST Tillers Tractors 1,469.46 3.65%

Apollo Tyres 622.37 1.55%

Deccan Cements 1,121.09 2.79%

Vinati Organics 1,691.68 4.20%

Navin Fluorine International 754.82 1.88%


IRB Infrastructure Developers 700.35 1.74%

Power Mech Projects 876.38 2.18%

CCL Products (India) 1,635.90 4.06%

Kaveri Seed Company 517.97 1.29%

Motilal Oswal Financial Services 2,049.92 5.09%

Manappuram Finance 2,005.40 4.98%

Cholamandalam Investment & Fin Co. 1,805.07 4.48%

Dewan Housing Finance Corporation 1,281.55 3.18%

Indiabulls Housing Finance 1,044.48 2.60%

Muthoot Finance 777.80 1.93%

Bharat Financial Inclusion 655.60 1.63%

Sanghvi Movers 1,218.33 3.03%

Inox Wind 675.82 1.68%

Finolex Industries 1,027.97 2.55%

Ramkrishna Forgings 801.35 1.99%

Jagran Prakashan 1,340.96 3.33%

Hindustan Media Ventures 1,140.66 2.83%

UPL 1,507.92 3.75%

PI Industries 627.61 1.56%

Gulf Oil Lubricants India 1,541.51 3.83%

Hindustan Petroleum Corporation 901.84 2.24%

GOCL Corporation 468.69 1.16%



Wockhardt 776.77 1.93%

Kalpataru Power Transmission 422.79 1.05%

Sonata Software 934.80 2.32%



Sarla Performance Fibers 891.07 2.21%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend

11-Dec-09 1.00 1.00 13.8927

19-Nov-10 2.00 2.00 15.4864

10-Nov-15 2.50 2.50 20.1838

An Open Ended Diversified Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

19-May-05

S&P BSE Midcap

44.0453

41,404.35

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.99%

1.1126

0.4882

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in predominantly mid

cap equity and equity relatedsecurities

HSBC Midcap Equity Fund (HMEF)


Auto 3.65%

AutoAncillaries 1.55%

Cement 2.79%

Chemicals 6.08%

Construction 3.61%



Finance 23.89%

Industrial Capital Goods 4.71%


Media & Entertainment 6.16%

Pesticides 5.31%



Power 1.05%

Software 2.32%


Textiles - Synthetic 2.21%





HSBC Infrastructure Equity Fund (HIEF)


�

�

�



Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

(Slope)

@

Statistical Ratios

23-Feb-06

S&P BSE 200

17.7633

11,416.74

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

7.08%

1.3510

0.3077

`

`

`


Portfolio Turnover

Regular 2.67%

Direct Plan 1.96%

0.25


Asset Allocation

Banks 4.64%

Cement 6.37%

Construction 13.48%


Ferrous Metals 1.50%

Finance 4.96%

Gas 3.42%



Minerals/Mining 2.23%

Oil 1.44%


Power 18.39%

Transportation 9.75%






August 31

(absolute)




FUND PORTFOLIO

Banks

Cement

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Oil

Petroleum Products

Power

Transportation


Cash Equivalents

CBLO 150.56 1.31%




Jammu & Kashmir Bank 284.35 2.47%

Karnataka Bank 249.98 2.17%

Deccan Cements 457.10 3.97%

Everest Industries 276.15 2.40%

IRB Infrastructure Developers 514.50 4.46%


NBCC India 329.23 2.86%

KNR Constructions 286.33 2.48%

Larsen & Toubro 151.30 1.31%

Power Mech Projects 138.38 1.20%

Jindal Saw 173.06 1.50%

Rural Electrification Corporation 572.04 4.96%

Gujarat State Petronet 394.68 3.42%

Sanghvi Movers 538.84 4.68%

BEML 360.62 3.13%

Inox Wind 272.96 2.37%

FAG Bearings India 424.99 3.69%

KEI Industries 276.80 2.40%

Gujarat Mineral Development Corporation 257.25 2.23%

Aban Offshore 165.43 1.44%

Hindustan Petroleum Corporation 834.81 7.24%

Indian Oil Corporation 444.21 3.85%

Adani Transmission 576.38 5.00%

Power Grid Corporation of India 505.18 4.38%

Reliance Infrastructure 378.87 3.29%

PTC India 270.19 2.34%

JSW Energy 202.02 1.75%

RattanIndia Power 187.98 1.63%

Adani Ports & Special Economic Zone 515.38 4.47%

Gateway Distriparks 341.74 2.97%

Gujarat Pipavav Port 265.77 2.31%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend

11-May-07 1.00 1.00 12.2390

26-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

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

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

05-Jan-07

S&P BSE 200

29.6652

17,660.69

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.89%

1.0512

0.3574

`

`


Portfolio Turnover

Regular 2.60%

Direct Plan 1.89%

0.46


Asset Allocation

Auto 5.77%


Banks 28.30%

Cement 4.75%

Construction 3.71%

Consumer Durables 3.74%


Finance 5.80%


Pesticides 1.50%



Software 9.18%








August 31

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Consumer Durables


Finance


Pesticides

Petroleum Products

Pharmaceuticals

Software

Textile Products

Transportation


Cash Equivalents

CBLO 1,068.84 5.98%




Maruti Suzuki India 744.55 4.17%

Tata Motors 286.36 1.60%

Exide Industries 359.48 2.01%

HDFC Bank 1,706.97 9.56%

ICICI Bank 1,260.33 7.06%

IndusInd Bank 830.34 4.65%

Axis Bank 528.21 2.96%

Federal Bank 448.33 2.51%


Ultratech Cement 475.39 2.66%

The Ramco Cements 373.57 2.09%



Crompton Greaves Consumer Electrical 382.22 2.14%

Blue Star 285.66 1.60%

ITC 556.24 3.11%

United Spirits 370.09 2.07%

HDFC 541.10 3.03%

LIC Housing Finance 495.28 2.77%

V-Guard Industries 491.67 2.75%

UPL 268.36 1.50%

Reliance Industries 551.20 3.09%


Aurobindo Pharma 363.79 2.04%

Sun Pharmaceutical Industries 265.27 1.48%

Lupin 233.45 1.31%

Infosys 909.48 5.09%


HCL Technologies 311.42 1.74%

SRF 399.39 2.24%


Arvind 249.04 1.39%



IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

17-Oct-14 1.50000 1.50000 22.1053

17-Mar-15 2.50000 2.50000 23.9029

23-Mar-16 1.50000 1.50000 19.9950

23-Mar-16 1.50000 1.50000 19.4675

17-Oct-14 1.50000 1.50000 22.4083

17-Mar-15 2.50000 2.50000 24.3256

An Open Ended Equity Linked Savings Scheme (ELSS)

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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


HSBC Dynamic Fund (HDF)

10

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Sep-07

S&P BSE 200

15.0261

5,289.97

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.53%

0.7729

0.2556


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%


0.72

Asset Allocation

Auto 9.42%

Banks 19.86%

Cement 3.42%



Finance 3.97%



Power 2.65%

Software 8.82%

Telecom - Services 1.56%



Net CurrentAssets 0.60%



August 31

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

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

Auto

Banks

Cement



Finance

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

Cash Equivalents

CBLO 972.88 18.33%


Net Current Assets 32.29 0.60%




Hero Motocorp 106.24 2.00%

HDFC Bank 387.36 7.30%

ICICI Bank 283.80 5.35%

Yes Bank 204.92 3.86%

IndusInd Bank 177.93 3.35%



ITC 312.06 5.88%

Asian Paints 185.26 3.49%

Hindustan Unilever 119.22 2.25%

HDFC 210.82 3.97%



Lupin 103.75 1.95%

NTPC 140.94 2.65%

Infosys 258.96 4.88%



Bharti Airtel 82.91 1.56%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Dynamic Fund (HDF)


HSBC Dividend Yield Equity Fund (HDYEF)


�

�

�



Low riskLOW RISK

(BLUE)



11

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

21-Mar-07

S&P BSE 200

17.7317

4,062.88

Gautam Bhupal &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

4.32%

0.9493

0.3090

`

`

`


Portfolio Turnover

Regular 2.34%

Direct Plan 1.63%

0.23


Asset Allocation

Auto 8.15%


Banks 20.16%

Cement 1.84%

Chemicals 2.06%



Finance 10.32%


Minerals/Mining 2.05%

Non - Ferrous Metals 2.69%

Oil 2.71%



Power 3.73%

Software 13.82%







August 31

(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

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

equities and equity related securities of domestic Indian companies.

Auto

Auto Ancillaries

Banks

Cement

Chemicals



Finance


Minerals/Mining

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Transportation


Cash Equivalents

CBLO 15.25 0.38%




Hero Motocorp 178.84 4.41%


MRF 115.29 2.84%

ICICI Bank 326.63 8.05%

HDFC Bank 180.77 4.46%

Karur Vysya Bank 159.60 3.93%

Axis Bank 100.27 2.47%


Deccan Cements 74.68 1.84%

Tata Chemicals 83.42 2.06%


ITC 300.79 7.41%


HDFC 154.60 3.81%

Manappuram Finance 133.07 3.28%

Indiabulls Housing Finance 131.07 3.23%


Coal India 83.38 2.05%

Hindustan Zinc 109.19 2.69%

Oil & Natural Gas Corporation 109.88 2.71%

Bharat Petroleum Corporation 168.73 4.16%


Lupin 80.42 1.98%


NTPC 151.29 3.73%

Infosys 283.93 7.00%






Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

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

HSBC Dividend Yield Equity Fund (HDYEF)


HSBC Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%

(inclusive of underlying scheme's expenses)


Asset Allocation

Overseas Mutual Fund 97.74%





August 31

(absolute)




FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents

CBLO 24.22 2.59%



Total Net Assets as on 31-Aug-2016 934.84 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 913.71 97.74%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

11.3196

937.78

Anitha Rangan(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.27%

1.1610

0.0110

`

`

`





`

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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in equity andequity related securities ofEmerging economies

HSBC Emerging Markets Fund (HEMF)


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


�

�

�



Low riskLOW RISK

(BLUE)



13

FUND DETAILS


Regular 2.28%

Direct Plan 1.58%



Asset Allocation






FUND PORTFOLIO


HSBC GIF ASIA PACIFIC EX JAPAN EQ HD-S9D 1,097.06 101.85%

Cash Equivalents

CBLO 18.27 1.70%




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


Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

24-Feb-14

MSCI AC Asia Pacific

ex Japan

Anitha Rangan (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

10.9878

1,165.40


RiskometerRiskometer

Mod

erately

Mod

erately ModerateModerate

Low

Low

Hig

hH

igh

Low

Low

HighHigh

LOWLOW HIGHHIGH

Moderately

Moderately



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

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


HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



14

FUND DETAILS


Regular 2.68%

Direct Plan 1.98%



Asset Allocation






August 31

(absolute)



FUND PORTFOLIO


HSBC GIF BRAZIL EQUITY S3D 2,916.70 97.46%

Cash Equivalents

CBLO 95.26 3.18%




IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

6.6690

3,060.73

Anitha Rangan(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

10.17%

0.8820

-0.0350

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities throughfeeder route in Brazilianmarkets

HSBC Brazil Fund (HBF)


HSBC Managed Solutions India - Growth (HMSG)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.37%

Direct Plan 2.10%


Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.21% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation

Mutual Fund 99.45%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 93.81 0.70%




HSBC Equity Fund - Growth Direct 8,050.94 60.20%

HSBC Midcap Equity Fund - Growth Direct 2,606.64 19.49%

HSBC Income Fund Short Term - Growth Direct 1,510.86 11.30%

HSBC Income Fund Inv Plan Growth Direct 754.66 5.64%

HSBC Flexi Debt Fund Growth Direct 377.77 2.82%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

14.4575

13,219.09

Anitha Rangan (DedicatedFund Manager for investments

in foreign securities)

Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth over long term

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

HSBC Managed Solutions India - Growth


HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 2.34%

Direct Plan 2.09%



Asset Allocation

Mutual Fund 99.42%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 160.99 0.80%






HSBC Midcap Equity Fund - Growth Direct 3,164.75 15.68%

HSBC Flexi Debt Fund Growth Direct 2,106.79 10.44%

HSBC Income Fund Inv Plan Growth Direct 1,019.04 5.05%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

CRISIL Balanced FundAggressive

13.9843

20,028.10


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

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

Index

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth and provideincome over the long term

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

HSBC Managed Solutions India - Moderate


HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



17

FUND DETAILS


Regular 1.63%

Direct Plan 1.38%



Asset Allocation

Mutual Fund 99.14%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 353.62 1.06%





HSBC Flexi Debt Fund Growth Direct 9,236.60 27.57%


L&T Triple Ace Bond Fund Direct Growth 3,343.63 9.98%

HSBC Income Fund Inv Plan Growth Direct 1,479.13 4.41%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

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

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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

12.7600


in foreign securities)(For managing

investments in Indian Market –Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

`

33,070.64

Gautam Bhupal

`

`

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

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

Investors understand that their principalwill be at Moderate risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Managed Solutions India - Conservative


HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

18

FUND DETAILS


Regular 2.33%

Direct Plan 1.63%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 24.79 3.48%



Total Net Assets as on 31-Aug-2016 713.26 100.00%

HSBC GIF-China Consumer Opp S5 Cap 702.17 98.45%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open-Ended Fund of Funds Scheme

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

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

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

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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit.08.16

Monthly Average AUM

(In Lakhs)

@

23-Feb-15

MSCI AC World Index

9.8690

762.28

Anitha Rangan (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

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

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



�

�

�



Low riskLOW RISK

(BLUE)



19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Dynamic Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Managed Solutions

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

Neelotpal Sahai (from 27 May 2013)

Neelotpal Sahai (from 27 May 2013)

Dhiraj Sachdev (from 01 December 2009)

Dhiraj Sachdev (from 01 December 2009)

Aditya Khemani (from 24 February 2009)

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

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

Anitha Rangan (from 18 October 2014)

Anitha Rangan (from 18 October 2014)

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

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

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

Gautam Bhupal(from 21 Oct 2015)

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

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 20 years experience in Equity Research and Fund Management.

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

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

HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003

DSQ Software LtdBusiness Analyst from June 1999 to November 1999

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

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

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Gautam Bhupal

Vice President & Fund Manager Equities

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

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

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

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

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

Experience:

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



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Low riskLOW RISK

(BLUE)



20

Neelotpal Sahai

Senior Vice President & Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

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

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

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

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

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Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 11 years experience in research.

HSBC Asset Management (India) Private Ltd

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

SBI Funds Management India Private Ltd

Senior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private Ltd

Assistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private Ltd

Research Associate from May 2005 to November 2005

Experience:

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Amaresh Mishra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Manager Management

Bachelor of Engineering (Chemical)

Over 11 years of experience in Equities & Sales


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

Centre for Science and Environment

Trainee Researcher from July 2001 to July 2002

Experience:

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Anitha Rangan

Vice President - Fixed Income

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

Over 10 years of experience in areas of research and risk


Associate Vice President - Investment Management, from February 2013 onwards

CRISIL Limited

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

Nomura Structured Financial Services

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

Lehman Brothers Structured Financial Services Analyst

Credit Research, from June 2006 to November 2008

Ambattur Clothing Limited

Executive - October 2002 to March 2004

Experience:

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Funds Managed by Neelotpal Sahai.

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks July 15 -June 16

July 14 -June 15

July 13 -June 14

SinceInception

HSBC Equity Fund - Growth

S&P BSE 200 (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

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

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

10,000, if invested in , would have become

`

`

` Nifty 50

1.48% 6.72% 37.45% 22.22%

0.41% 11.53% 32.58% 17.71%

-12.96% 9.61% 29.03% 16.34%

10,148 10,672 13,745 1,52,865

10,041 11,153 13,258 91,681

8,704 10,961 12,903 78,239

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth


(Standard Benchmark)

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



Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

3.50% 18.28% 53.83% 16.70%

1.15% 10.85% 34.74% 13.71%

-12.96% 9.61% 29.03% 13.05%

10,350 11,828 15,383 67,434

10,115 11,085 13,474 48,936

8,704 10,961 12,903 45,519

` ` ` `

` ` ` `

` ` ` `

1.65% 10.88% 26.17% 4.10%

0.41% 11.53% 32.58% 6.21%

-12.96% 9.61% 29.03% 6.09%

10,165 11,088 12,617 14,228

10,041 11,153 13,258 16,971

8,704 10,961 12,903 16,806

` ` ` `

` ` ` `

` ` ` `

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


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


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

`

`


Funds Managed by - Anitha Rangan.

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08

Scheme Name & Benchmarks SinceInception

HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

-8.68% -1.32% 16.73% 0.64%

-9.97% 3.48% 11.27% 0.53%

-12.96% 9.61% 29.03% 7.63%

9,132 9,868 11,673 10,541

9,003 10,348 11,127 10,452

8,704 10,961 12,903 18,408

` ` ` `

` ` ` `

` ` ` `


21

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) DividendYield Fund

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

Date of Inception : 06 May 11






July 15 -June 16

July 15 -June 16

July 14 -June 15

SinceInception

SinceInception

SinceInception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

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

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

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

MSCI AC World Index (Scheme Benchmark)


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

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

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

`

`

`

-2.98% -31.31% 9.03% -8.79%

-7.24% -29.63% 10.99% -14.03%

-12.96% 9.61% 29.03% 8.08%

9,702 6,869 10,903 6,222

9,276 7,037 11,099 4,583

8,704 10,961 12,903 14,932

` ` ` `

` ` ` `

` ` ` `

-3.63% 2.08% 1.52%

-12.96% -3.60% -4.21%

-12.96% 9.61% 13.27%

9,637 10,208 10,360

8,704 9,640 9,368

8,704 10,961 12,081

` ` `

` ` `

` ` `

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 compoundedannualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark isprescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the startof the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-visreturns indicated above.

`

`


Fund Managed by Gautam Bhupal and Amaresh Mishra.

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

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


HSBC Dividend Yield Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

2.82% 10.39% 38.08% 5.70%

0.41% 11.53% 32.58% 9.30%

-12.96% 9.61% 29.03% 8.87%

10,282 11,039 13,808 16,731

10,041 11,153 13,258 22,831

8,704 10,961 12,903 22,020

` ` ` `

` ` ` `

` ` ` `


22

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

-7.65% -5.71%

-5.72% -5.60%

-12.96% -3.98%

9,235 9,235

9,428 9,250

8,704 9,465

` `

` `

` `

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


HSBC Tax Saver Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

4.16% 14.17% 44.72% 11.34%

0.41% 11.53% 32.58% 8.20%

-12.96% 9.61% 29.03% 8.03%

10,416 11,417 14,472 27,720

10,041 11,153 13,258 21,128

8,704 10,961 12,903 20,810

` ` ` `

` ` ` `

` ` ` `

Fund Managed by - Aditya Khemani.


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


Funds Managed by - Dhiraj Sachdev.

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

-8.43% 16.39% 67.89% 5.00%

0.41% 11.53% 32.58% 10.25%

-12.96% 9.61% 29.03% 10.09%

9,157 11,639 16,789 16,575

10,041 11,153 13,258 27,470

8,704 10,961 12,903 27,073

` ` ` `

` ` ` `

` ` ` `

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


HSBC Midcap Equity Fund - Growth

S&P BSE Midcap (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

10.42% 23.38% 97.40% 9.37%

9.71% 21.54% 54.45% 8.93%

-12.96% 9.61% 29.03% 11.09%

11,042 12,338 19,740 26,293

10,971 12,154 15,445 25,171

8,704 10,961 12,903 31,133

` ` ` `

` ` ` `

` ` ` `



23

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

`

`

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

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


SinceInception

HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

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

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


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

`

`

`

`

5.91% 10.93% 15.03%

2.37% 11.44% 12.74%

-12.96% 9.61% 10.32%

10.03% 11.70% 10.98%

10,591 11,093 13,556

10,237 11,144 12,977

8,704 10,961 12,380

11,003 11,170 12,540

` ` `

` ` `

` ` `

` ` `

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




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

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


24

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

`

`

July 14 -June 15

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


SinceInception

HSBC Managed Solutions - Moderate - Growth

CRISIL Balanced Fund – Aggressive Index (Scheme Benchmark)



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

10,000,if investedinCRISILBalancedFund–AggressiveIndex,wouldhavebecome



`

`

`

`

7.16% 10.83% 13.65%

3.12% 10.35% 10.90%

-12.96% 9.61% 10.32%

10.03% 11.70% 10.98%

10,716 11,083 13,204

10,312 11,035 12,520

8,704 10,961 12,380

11,003 11,170 12,540

` ` `

` ` `

` ` `

` ` `

July 14 -June 15

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


SinceInception

HSBC Managed Solutions - Conservative - Growth




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




`

`

`

`

7.42% 9.89% 10.18%

9.21% 11.12% 11.35%

-12.96% 9.61% 10.32%

10.03% 11.70% 10.98%

10,742 10,989 12,345

10,921 11,112 12,632

8,704 10,961 12,380

11,003 11,170 12,540

` ` `

` ` `

` ` `

` ` `

July 14 -June 15

25

HSBC Equity Fund


HSBC Dynamic Fund

Date of Inception : 10 Dec 02


Date of Inception : 24 Sep 07




1Year

1Year

1Year

3Years

3Years

3Years

5Years

5Years

5Years

SinceInception

SinceInception

SinceInception

Total amount invested ( )

Market Value as on June 30, 2016 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -


Scheme Returns (%)





`

`

`

`


S&P BSE 500 -

S&P BSE 500 -

Nifty 50 -

Nifty 50 -


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1630000

126933 419662 793750 4731258

10.91 10.23 11.15 14.54

126111 420345 805027 4200089

9.60 10.34 11.71 12.99

125632 406397 775087 4015145

8.84 8.04 10.19 12.40

120000 360000 600000 1490000

130463 466127 934425 3796271

16.60 17.54 17.77 14.12

126367 423955 810197 3127859

10.01 10.93 11.97 11.30

125632 406397 775087 3044397

8.84 8.04 10.19 10.90

120000 360000 600000 1060000

127121 417696 767205 1490075

11.22 9.91 9.78 7.53

126111 420345 805027 1665794

9.60 10.34 11.71 9.96

125632 406397 775087 1604859

8.84 8.04 10.19 9.15

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

The returns are calculated by XIRR approach assuming investment of 10000/- on the 1st working day of every month. XIRR helps in calculating return on investments givenan initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions. Data as on June 30, 2016.

`

`


Returns shown for Regular Plan - Growth Option





26

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

120000 360000 600000 610000

155526 339259 497992 504210

59.41 -3.82 -7.30 -7.34

152474 334316 471482 476117

54.00 -4.76 -9.43 -9.54

125942 407135 774897 790218

9.35 8.17 10.18 10.13

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

120000 NA NA 280000

126916 NA NA 284783

10.93 NA NA 1.41

120899 NA NA 257544

1.40 NA NA -6.80

125942 NA NA 295490

9.35 NA NA 4.53

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

120000 360000 600000 990000

125529 347607 603448 1079087

8.72 -2.27 0.23 2.06

120656 348220 594653 1051150

1.02 -2.15 -0.35 1.44

125714 407135 775825 1497721

8.99 8.17 10.23 9.80



`

`






27

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1140000

127554 453564 915380 2252527

11.91 15.61 16.93 13.79

126111 420345 805027 1834636

9.60 10.34 11.71 9.71

125632 406397 775087 1769505

8.84 8.04 10.19 8.98

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1250000

118147 444493 819769 1707285

-2.86 14.20 12.45 5.83

126111 420345 805027 2111267

9.60 10.34 11.71 9.70

125632 406397 775087 2040514

8.84 8.04 10.19 9.08

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1120000

127942 431032 819184 1728217

12.53 12.07 12.42 9.03

126111 420345 805027 1793351

9.60 10.34 11.71 9.78

125632 406397 775087 1728937

8.84 8.04 10.19 9.04



`

`






28

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 260000

127832 NA NA 284984

12.37 NA NA 8.41

126119 NA NA 277542

9.62 NA NA 5.93

125942 NA NA 269837

9.35 NA NA 3.35

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


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

`


CRISIL Balanced Fund – Aggressive Index -

CRISILBalancedFund–AggressiveIndex-

Nifty 50 -

Nifty 50 -

120000 NA NA 260000

127573 NA NA 286318

11.96 NA NA 8.85

125912 NA NA 276832

9.30 NA NA 5.70

125942 NA NA 269837

9.35 NA NA 3.35

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1340000

130353 550071 1112806 2908310

16.42 29.61 25.00 13.18

129707 489546 935655 2576668

15.38 21.04 17.83 11.18

125632 406397 775087 2356044

8.84 8.04 10.19 9.69



`

`




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



29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 260000

125007 NA NA 283141

7.86 NA NA 7.80

126149 NA NA 287999

9.67 NA NA 9.40

125942 NA NA 269837

9.35 NA NA 3.35

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



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 160000

117329 NA NA 153811

-4.13 NA NA -5.49

124474 NA NA 162859

7.03 NA NA 2.54

125736 NA NA 164415

9.04 NA NA 3.93



`

`




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

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.

30

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.08.16)

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIP

Exit Load

per unit

Monthly Average AUM(In Lakhs)

@


Regular 2.44%Direct Plan 1.81%Excludes service tax on Investment Management fees of 0.13%of Total NetAssets.

Asset Allocation

Government Securities 44.13%

Corporate/ PSU Debt 26.73%

Equity 24.52%

Cash Equivalents 3.93%




FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY

Government Securities

Cash Equivalents

CBLO 762.35 3.72%




Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,163.05 5.68% CRISIL AAAIndia Infradebt 707.04 3.45% CRISIL AAARural Electrification Corporation 654.86 3.20% CARE AAAPower Finance Corporation 614.85 3.00% CRISIL AAALIC Housing Finance 613.38 3.00% CRISIL AAALIC Housing Finance 508.35 2.48% CRISIL AAAPower Grid Corporation of India 438.62 2.14% CRISIL AAAHDFC 303.35 1.48% CRISIL AAAPower Grid Corporation of India 209.30 1.02% CRISIL AAANTPC 141.60 0.69% CRISIL AAAPower Finance Corporation 121.65 0.59% CRISIL AAA

HDFC Bank 565.55 2.76%HDFC 281.09 1.37%The Ramco Cements 254.79 1.24%IndusInd Bank 243.17 1.19%Ultratech Cement 213.52 1.04%Infosys 207.17 1.01%ITC 204.79 1.00%ICICI Bank 199.31 0.97%Maruti Suzuki India 189.51 0.93%SRF 172.15 0.84%Crompton Greaves Cons Electrical 159.81 0.78%Axis Bank 156.97 0.77%Tata Motors 145.18 0.71%Torrent Pharmaceuticals 138.72 0.68%Gateway Distriparks 134.74 0.66%Castrol India 134.12 0.65%The Federal Bank 129.25 0.63%Hindustan Unilever 121.05 0.59%Sun Pharmaceuticals Ind 120.23 0.59%Somany Ceramics 116.77 0.57%UPL 115.01 0.56%Adani Ports & Special Economic Zone 113.07 0.55%Arvind 108.96 0.53%Tata Consultancy Services 107.99 0.53%LIC Housing Finance 103.15 0.50%United Spirits 101.77 0.50%Karur Vysya Bank 89.43 0.44%Ahluwalia Contracts (India) 76.33 0.37%Exide Industries 74.12 0.36%IPCA Laboratories 71.85 0.35%Welspun India 49.50 0.24%The Jammu & Kashmir Bank 42.21 0.21%V-Guard Industries 31.35 0.15%Aditya Birla Fashion and Retail 26.99 0.13%Hindustan Dorr-Oliver 24.53 0.12%

7.72% GOVT OF INDIA RED 25-05-2025 3,075.89 15.02% SOVEREIGN7.59% GOVT OF INDIA RED 11-01-2026 1,280.05 6.25% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 1,207.93 5.90% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 940.12 4.59% SOVEREIGN7.59% GOVT OF INDIA RED 20-03-2029 840.21 4.10% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 637.79 3.11% SOVEREIGN8.18% HARYANA SDL RED 15-06-2022 538.97 2.63% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 304.08 1.49% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 212.80 1.04% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

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

27-Jun-16 0.06862 0.06357 13.120525-Jul-16 0.06862 0.06357 13.405725-Aug-16 0.06862 0.06357 13.4935

25-Jan-16 0.06862 0.06357 13.8945

27-Jun-16 0.20223 0.18737 13.2353

27-Jun-16 0.20223 0.18737 13.9636

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

28-Dec-15 0.20223 0.18737 13.373428-Mar-16 0.20223 0.18737 13.0673

28-Dec-15 0.20946 0.19406 14.064428-Mar-16 0.20946 0.19406 13.7641

Rating24-Feb-04

CRISIL MIP Blended Index

32.1582

7.86 years

5.36 years

21,295.50

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 44.13%

AAAand equivalents 26.73%

Equity 24.52%

Reverse Repos/ CBLOs 3.93%





Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC MIP - Savings Plan (HMIP-S)


• Regular Income over mediumterm

• Investment in fixed income(debt and money marketinstruments) as well as equityand equity related securities

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

HSBC 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.

31

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31 )


Modified Duration

of Portfolio

Fund Managers

SIP

Minimum ApplicationAmount

Growth

Quarterly Dividend

Monthly Dividend

SIP

Exit Load

per unit

.08.16


@


Regular 2.40%

Direct Plan 1.79%

Excludes service tax on Investment Management fees of 0.20%on Regular Plan and 0.19% on Direct Plan of Total NetAssets.

Asset Allocation



Equity 13.51%





FUND PORTFOLIO

Corporate/ PSU Debt

EQUITY


Cash Equivalents

CBLO 635.32 7.60%





Equities

Power Finance Corporation 512.38 6.13% CRISIL AAA

LIC Housing Finance 508.35 6.08% CRISIL AAA

Power Grid Corporation of India 422.93 5.06% CRISIL AAA

India Infradebt 303.02 3.62% CRISIL AAA

Rural Electrification Corporation 280.65 3.36% CARE AAA


HDFC 202.24 2.42% CRISIL AAA


NABARD 152.02 1.82% CRISIL AAA

HDFC Bank 130.41 1.56%

ICICI Bank 77.53 0.93%

HDFC 63.25 0.76%

ITC 62.41 0.75%


Arvind 46.70 0.56%


SRF 43.04 0.51%


The Federal Bank 41.25 0.49%

Axis Bank 38.80 0.46%

Sun Pharmaceuticals Ind 37.23 0.45%

Crompton Greaves Cons Electrical 32.95 0.39%


Castrol India 31.29 0.37%





UPL 27.47 0.33%


Exide Industries 25.94 0.31%

United Spirits 25.44 0.30%


LIC Housing Finance 22.92 0.27%

The Jammu & Kashmir Bank 19.70 0.24%


IPCA Laboratories 16.14 0.19%


Aditya Birla Fashion and Retail 8.76 0.10%

Hindustan Dorr-Oliver 7.36 0.09%

7.72% GOVT OF INDIA RED 25-05-2025 1,120.39 13.40% SOVEREIGN

7.59% GOVT OF INDIA RED 11-01-2026 660.67 7.90% SOVEREIGN






8.18% HARYANA SDL RED 15-06-2022 230.99 2.76% SOVEREIGN


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Regular Plan - Monthly Dividend

HSBC MIP - Regular Plan - Monthly Dividend - Direct Plan

HSBC MIP - Regular Plan - Quarterly Dividend

27-Jun-16 0.05778 0.05353 11.448625-Jul-16 0.05778 0.05353 11.669925-Aug-16 0.05778 0.05353 11.7536

31-Jan-14 0.05065 0.04851 10.979128-Feb-14 0.05065 0.04851 11.0079

27-Jun-16 0.18057 0.16729 11.7723

28-Dec-15 0.18057 0.16729 11.959228-Mar-16 0.18057 0.16729 11.7145

Rating24-Feb-04

CRISIL MIP Blended Index

26.7874

7.38 years

5.02 years

8,346.25

Aditya Khemani

(for Equity portion) SanjayShah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 49.29%


Equity 13.51%




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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over mediumterm

• Investment in fixed income(debt and money marketinstruments) as well as equityand equity related securities

HSBC MIP - Regular Plan (HMIP-R)



�

�

�



Low riskLOW RISK

(BLUE)



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

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

32

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.08.16


@


Regular 1.84%Direct Plan 1.09%Excludes service tax on Investment Management fees of 0.15%of Total NetAssets.

Asset Allocation





Securitised Debt 0.05%


* Based on invested Amount

FUND PORTFOLIO

Securitised Debt

Corporate/ PSU Debt


Cash Equivalents

CBLO 109.72 1.48%




Investments - Asset Back Security


India MBS 2002 Series I 3.53 0.05% CRISIL AAA (SO)

Export Import Bank of India 557.93 7.53% CRISIL AAA




Rural Electrification Corporation 124.73 1.68% CARE AAA








8.18% HARYANA SDL RED 15-06-2022 256.65 3.47% SOVEREIGN



8.53% PUNJAB SDL RED 30-03-2022 72.92 0.98% SOVEREIGN


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

26.4403

9.43 years

6.22 years

7.35%

7,493.82

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 73.14%



Reverse Repos/ CBLOs 1.56% Dividend DeclarationRecord Date / periodof dividend declared




`

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

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

28-Dec-15 0.17334 0.16060 11.2172

28-Mar-16 0.17334 0.16060 11.1594

27-Jun-16 0.17334 0.16060 11.1494

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

33

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

.08.16


@


Regular 1.25%

Direct Plan 0.30%Excludes service tax on Investment Management fees of 0.04%of Total NetAssets.

Asset Allocation



Money Market Instruments 11.08%





FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt


Cash EquivalentsCBLO 2,375.97 1.08%Reverse Repos 131.18 0.06%Net Current Assets 6,122.91 2.78%Total Net Assets as on 31-Aug-2016 219,790.03 100.00%

Certificate of Deposit

Commercial Paper


Zero Coupon Bonds

Axis Bank 9,796.49 4.46% [ICRA]A1+Andhra Bank 2,416.47 1.10% CARE A1+Corporation Bank 2,416.23 1.10% CRISIL A1+Canara Bank 2,410.93 1.10% CRISIL A1+

Dalmia Cements (Bharat) 4,811.63 2.19% [ICRA]A1+Edelwiess Commodities Services 2,486.26 1.13% CRISIL A1+

Nabha Power 7,607.48 3.46% [ICRA]AAAPower Finance Corporation 7,597.95 3.46% CRISIL AAANABARD 7,576.26 3.45% CRISIL AAAL&T Finance 7,539.93 3.43% CARE AA+Indian Railway Finance Corporation 5,659.64 2.58% CRISIL AAARural Electrification Corporation 5,151.24 2.34% CARE AAANABARD 5,066.68 2.31% CRISIL AAALIC Housing Finance 5,060.45 2.30% CRISIL AAANABARD 5,053.90 2.30% CRISIL AAATata Capital Financial Services 5,045.27 2.30% CRISIL AA+Shriram Transport Finance Company 5,005.29 2.28% CRISIL AA+CLP Wind Farm India Pvt 4,027.16 1.83% Fitch AARural Electrification Corporation 3,588.42 1.63% CRISIL AAAShriram Transport Finance Company 3,513.77 1.60% CRISIL AA+Power Grid Corporation of India 3,171.94 1.44% CRISIL AAAHDFC 3,108.61 1.41% CRISIL AAAPower Finance Corporation 3,024.53 1.38% CRISIL AAAPower Finance Corporation 2,583.44 1.18% CRISIL AAAPower Finance Corporation 2,578.64 1.17% CRISIL AAALIC Housing Finance 2,553.56 1.16% CARE AAASRF 2,551.29 1.16% Fitch AABajaj Finance 2,544.65 1.16% CRISIL AA+Small Industries Development Bank of India 2,535.16 1.15% CARE AAATata Capital Financial Services 2,528.89 1.15% CRISIL AA+Nabha Power 2,524.50 1.15% [ICRA]AAA(SO)HDFC 2,524.49 1.15% CRISIL AAALIC Housing Finance 2,523.47 1.15% CARE AAATata Capital Financial Services 2,516.16 1.14% CRISIL AA+Tata Capital Financial Services 2,515.15 1.14% CRISIL AA+LIC Housing Finance 2,500.68 1.14% CRISIL AAAEast North Interconnection Company 2,253.55 1.03% CRISIL AAA (SO)Power Grid Corporation of India 2,054.21 0.93% CRISIL AAAHDFC 2,022.35 0.92% CRISIL AAAHDFC 2,013.11 0.92% CRISIL AAAEast North Interconnection Company 2,004.05 0.91% CRISIL AAA (SO)Power Finance Corporation 1,541.73 0.70% CRISIL AAAPower Finance Corporation 1,520.83 0.69% CRISIL AAAIndia Infradebt 1,515.08 0.69% CRISIL AAASmall Industries Development Bk of India 1,258.38 0.57% CARE AAARural Electrification Corporation 1,143.40 0.52% CARE AAARural Electrification Corporation 1,046.57 0.48% CRISIL AAAPower Grid Corporation of India 1,027.32 0.47% CRISIL AAALIC Housing Finance 1,016.45 0.46% CRISIL AAALIC Housing Finance 1,012.42 0.46% CRISIL AAAHDFC 1,012.23 0.46% CRISIL AAALIC Housing Finance 1,006.59 0.46% CARE AAAEast North Interconnection Company 1,005.32 0.46% CRISIL AAA (SO)Rural Electrification Corporation 934.17 0.43% CRISIL AAATata Capital Financial Services 499.95 0.23% CRISIL AA+Shriram Transport Finance Company 271.20 0.12% CRISIL AA+Rural Electrification Corporation 170.37 0.08% CRISIL AAAHDFC 90.19 0.04% CRISIL AAARural Electrification Corporation 70.82 0.03% CRISIL AAA

Cholamandalam Investment & Fin Co 4,407.47 2.01% [ICRA]AACholamandalam Investment & Fin Co 2,756.43 1.25% [ICRA]AA

7.68% GOVT OF INDIA RED 15-12-2023 8,523.08 3.88% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 8,299.20 3.78% SOVEREIGN8.21% RAJASTHAN SDL RED 31-03-2019 5,106.12 2.32% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 4,183.30 1.90% SOVEREIGN8.27% RAJASTHAN SDL RED 23-06-2022 2,578.16 1.17% SOVEREIGN8.15% GOVT OF INDIA RED 24-11-2026 1,603.20 0.73% SOVEREIGN8.53% PUNJAB SDL RED 30-03-2022 1,041.73 0.47% SOVEREIGN8.53% JHARKHAND SDL RED 30-03-2022 1,040.84 0.47% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 1,013.60 0.46% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

25.8694

2.85 years

2.24 years

7.70%

2,05,914.65

Sanjay Shah &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 20.80%

Sovereign 15.18%







`

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

27-Jun-16 0.05010 0.04642 11.175925-Jul-16 0.04784 0.04433 11.232125-Aug-16 0.05256 0.04870 11.2645

26-Nov-15 0.05678 0.05261 11.2243

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

28-Sep-15 0.06275 0.05814 11.219626-Oct-15 0.06396 0.05926 11.2627

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


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over Mediumterm

• Investment in diversifiedportfolio of fixed incomesecurities

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



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Cash Fund (HCF)An Open Ended Liquid Scheme

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

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit

.08.16


@

Asset Allocation

Money Market Instruments 61.99%Cash Equivalents 20.75%Fixed Deposit 7.12%Treasury Bill 7.00%Net CurrentAssets 3.14%



FUND PORTFOLIO


Fixed Deposit

Treasury Bill

Cash Equivalents

CBLO 48,284.82 19.66%

Reverse Repos 2,665.91 1.09%

Net Current Assets 7,732.33 3.14%

Total Net Assets as on 31-Aug-2016 2,45,547.20 100.00%


Commercial Paper

Fixed Deposit

Punjab & Sind Bank 7,464.83 3.04% [ICRA]A1+

Canara Bank 4,992.84 2.03% CRISIL A1+

HDFC Bank 4,982.85 2.03% CARE A1+

IDFC Bank 4,982.32 2.03% [ICRA]A1+

Kotak Mahindra Bank 4,977.45 2.03% [ICRA]A1+

Axis Bank 4,975.18 2.03% [ICRA]A1+

Corporation Bank 4,490.98 1.83% CRISIL A1+


State Bank of Patiala 2,494.27 1.02% [ICRA]A1+

Edelwiess Commodities Services 11,936.34 4.86% CRISIL A1+

Indiabulls Housing Finance 9,973.45 4.06% CRISIL A1+

Dewan Housing Finance Corporation 9,972.73 4.06% CRISIL A1+

Reliance Capital 9,958.21 4.06% [ICRA]A1+

India Infoline Wealth Finance 9,953.86 4.05% [ICRA]A1+

Arvind 9,948.26 4.05% CARE A1+

PTC India Financial Services 9,943.04 4.05% CRISIL A1+

Dalmia Cements (Bharat) 5,986.23 2.44% [ICRA]A1+

JK Lakshmi Cement 4,975.98 2.03% CARE A1+

JK Tyre & Industries 4,974.75 2.03% CARE A1+

JM Financial Credit Solutions 4,931.69 2.01% [ICRA]A1+

Welspun India 4,925.41 2.01% Fitch A1+

Inox Wind 4,920.39 2.00% CRISIL A1+

JM Financial Products 4,918.14 2.00% [ICRA]A1+

IL & FS Financial Services 2,499.47 1.02% Fitch A1+

India Infoline Finance 498.55 0.20% CRISIL A1+

Vijaya Bank 10,000.00 4.07% Fixed Deposit

IndusInd Bank 7,500.00 3.05% Fixed Deposit

91 DAYS TREASURY BILL RED 03-11-2016 14,832.96 6.04% SOVEREIGN

91 DAYS TREASURY BILL RED 17-11-2016 2,357.52 0.96% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1556.1793

0.07 years

0.07 years6.93%

2,30,835.72

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 61.99%Reverse Repos/ CBLOs 20.75%Fixed Deposit 7.12%Sovereign 7.00%Net CurrentAssets 3.14%





`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

27-Jun-16 4.85340 4.49659 1006.9700

25-Jul-16 4.09224 3.79138 1005.9161

27-Jun-16 4.89475 4.53489 1007.3695

25-Jul-16 4.10969 3.80755 1006.3070

25-Aug-16 4.30516 3.98865 1006.2109

25-Aug-16 4.34400 4.02463 1006.6314

26-Aug-11 0.04886 0.04686 10.1383

29-Sep-11 0.05876 0.05636 10.1509

28-Oct-11 0.05244 0.05030 10.1428

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


Regular 0.13%

Direct Plan 0.07%

Currently there is no Service Tax levied due to nil InvestmentManagement Fees being charged.

34

Investors understand that their principalwill be at low risk

Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in Money Market

Instruments

HSBC Cash Fund (HCF)



�

�

�



Low riskLOW RISK

(BLUE)



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

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

35

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum ApplicationAmount

Sub Options

Exit Load

per unit

.08.16


@

Asset Allocation

Money Market Instruments 50.57%





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


FUND PORTFOLIO


Corporate/ PSU Debt

Cash Equivalents

CBLO 1,522.56 2.87%





Commercial Paper


Zero Coupon Bonds

IDBI Bank 2,423.30 4.56% CRISIL A1+


Export Import Bank of India 2,417.17 4.55% CRISIL AAA

Andhra Bank 2,416.47 4.55% CARE A1+

Small Industries Development Bank of India 2,413.20 4.54% CARE A1+

Canara Bank 2,410.93 4.54% CRISIL A1+

Adani Ports & Special Economic Zone 4,982.20 9.38% [ICRA]A1+

Inox Wind 2,491.27 4.69% CRISIL A1+

Edelwiess Commodities Services 2,486.26 4.68% CRISIL A1+

Dalmia Cements (Bharat) 2,405.81 4.53% [ICRA]A1+

Rural Electrification Corporation 2,540.73 4.78% CARE AAA

Indiabulls Housing Finance 2,515.81 4.73% CARE AAA

Cholamandalam Investment & Fin Co 2,512.01 4.73% [ICRA]AA

CLP Wind Farm India Pvt 2,510.90 4.73% Fitch AA

Shriram City Union Finance 2,004.95 3.77% CARE AA+

Tata Capital Financial Services 1,999.79 3.76% CRISIL AA+

Shriram Transport Finance Company 1,505.90 2.83% CRISIL AA+

HDFC 1,019.32 1.92% CRISIL AAA


Shriram Transport Finance Company 1,010.80 1.90% CRISIL AA+

Tata Capital Financial Services 1,003.18 1.89% CRISIL AA+

East North Interconnection Company 750.84 1.41% CRISIL AAA (SO)


Shriram Transport Finance Company 60.10 0.11% CRISIL AA+




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

13.8059

0.75 years

0.67 years7.40%

51,343.14

Piyush Harlalka &Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 27.87%







`

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

27-Jun-16 0.04968 0.04603 10.1956

25-Jul-16 0.04979 0.04613 10.1957

25-May-16 0.00122 0.00113 10.1814

27-Jun-16 0.05530 0.05123 10.2563

25-Aug-16 0.04768 0.04417 10.1928

28-Jan-11 0.04829 0.04501 10.3821

25-Feb-11 0.04125 0.03845 10.3741

25-Mar-11 0.05214 0.04859 10.3865

25-Jul-16 0.05459 0.05057 10.2553



Regular 1.00%

Direct Plan 0.20%


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

Market Instruments

HSBC Ultra Short Term Bond Fund (HUSBF)


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

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

36

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit.08.16


@

Asset Allocation







FUND PORTFOLIO

Corporate/ PSU Debt


Cash Equivalents

CBLO 439.91 0.96%


Net Current Assets 1,666.57 3.63%



Power Grid Corporation of India 2,213.59 4.81% CRISIL AAA

Power Grid Corporation of India 1,921.59 4.17% CRISIL AAA

LIC Housing Finance 1,533.45 3.33% CRISIL AAA

Rural Electrification Corporation 1,434.45 3.12% CARE AAA








8.53% BIHAR SDL RED 30-03-2022 2,082.61 4.52% SOVEREIGN

8.18% HARYANA SDL RED 15-06-2022 1,539.91 3.35% SOVEREIGN



8.53% PUNJAB SDL RED 30-03-2022 447.94 0.97% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

21.4831

10.10 years

6.56 years

7.36%

46,225.21

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 79.93%








`

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

27-Jun-16 0.05497 0.05092 10.6611

25-Jul-16 0.16523 0.15308 10.8138

25-Aug-16 0.11924 0.11047 10.7501

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

26-Oct-15 0.11441 0.10600 10.8719

25-Mar-15 0.18147 0.16829 12.2052

25-Jun-15 0.18057 0.16729 11.8869

28-Dec-15 0.18057 0.16729 11.8131

28-Mar-16 0.18057 0.16729 11.7472

28-Dec-15 0.18057 0.16729 12.1308

28-Mar-16 0.18057 0.16729 12.0925

25-Mar-15 0.37019 0.34330 12.5368

28-Sep-15 0.36113 0.33458 12.3102

28-Mar-16 0.36113 0.33458 12.1335

25-Mar-15 0.34842 0.32311 11.8530

28-Sep-15 0.36113 0.33458 11.6860

28-Mar-16 0.36113 0.33458 11.5335

28-Sep-15 0.18057 0.16729 11.9644

27-Jun-16 0.18057 0.16729 11.7456

27-Jun-16 0.18057 0.16729 12.1211

14-Sep-12 0.35236 0.30201 11.4315

15-Mar-13 0.35236 0.30201 11.6629



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


37

HSBC MIP - Savings & Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

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

Sanjay Shah (from 09 January 2009)

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

Kapil Punjabi (from 14 March 2014)

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

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 17 years of experience in research and risk


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

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

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 10 years of experience in research and Fund Management

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

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

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

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

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

�

�

�

�

�

Piyush Harlalka

Vice President & Fund Manager – Fixed Income

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

Experience:

Over 10 years of experience in research

HSBC Asset Management (India) Private Limited,

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

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

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

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

to October 2010;

Research Analyst from July 2007 to November 2008.

Batlivala & Karanai Securities Pvt. Ltd. ,

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

�

�

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

Funds Managed by - Sanjay Shah.

HSBC MIP - Regular Plan

HSBC MIP - Savings Plan





SinceInception

SinceInception

HSBC MIP - Regular Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)

Crisil 1 Year T-Bill Index (Standard Benchmark)


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

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

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


`

`

`

`

HSBC MIP - Savings Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)



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

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



`

`

`

`

6.10% 9.37% 9.82% 7.95%

8.60% 11.01% 7.85% 7.85%

7.65% 8.52% 5.91% 5.93%

10.01% 11.73% -2.43% 5.39%

10,610 10,937 10,982 25,752

10,860 11,101 10,785 25,448

10,765 10,852 10,591 20,378

11,001 11,173 9,757 19,126

` ` ` `

` ` ` `

` ` ` `

` ` ` `

6.72% 9.94% 14.33% 9.55%

8.60% 11.01% 7.85% 7.85%

7.65% 8.52% 5.91% 5.93%

10.01% 11.73% -2.43% 5.39%

10,672 10,994 11,433 30,861

10,860 11,101 10,785 25,448

10,765 10,852 10,591 20,378

11,001 11,173 9,757 19,126

` ` ` `

` ` ` `

` ` ` `

` ` ` `




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

38

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

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


HSBC Income Fund - Investment Plan - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

8.02% 9.90% 2.47% 7.14%

10.16% 11.11% 4.51% 6.61%

10.01% 11.73% -2.43% 5.98%

10,802 10,990 10,247 25,499

11,016 11,111 10,451 23,844

11,001 11,173 9,757 21,976

` ` ` `

` ` ` `

` ` ` `

July 15 -June 16

July 14 -June 15

July 13 -June 14


`

`

HSBC Flexi Debt Fund Date of Inception: 05 Oct 07


HSBC Flexi Debt Fund - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

8.23% 10.09% 3.88% 8.69%

10.16% 11.11% 4.51% 7.73%

10.01% 11.73% -2.43% 6.84%

10,823 11,009 10,388 20,726

11,016 11,111 10,451 19,175

11,001 11,173 9,757 17,837

` ` ` `

` ` ` `

` ` ` `



39

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


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

7.96% 8.79% 7.56% 7.09%

8.91% 9.54% 8.75% 7.08%

7.65% 8.52% 5.91% 5.88%

10,796 10,879 10,756 25,343

10,891 10,954 10,875 25,306

10,765 10,852 10,591 21,707

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Sanjay Shah & Piyush Harlalka.

July 15 -June 16

July 14 -June 15

July 13 -June 14

July 15 -June 16

July 14 -June 15

July 13 -June 14

HSBC Cash Fund@

Date of Inception: 04 Dec 02


July 14 -June 15

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 Ultra Short Term Bond Fund$

Date of Inception :17 Oct 06


HSBC Ultra Short Term Bond Fund - Growth



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



`

`

`

7.82% 8.64% 9.32% 8.59%

7.98% 8.83% 9.55% 8.69%

7.65% 8.52% 5.91% 7.51%

10,782 10,864 10,932 13,621

10,798 10,883 10,955 13,668

10,765 10,852 10,591 13,121

` ` ` `

` ` ` `

` ` ` `


Last 7 Daysas on 30

June 2016

Last 15 Daysas on 30

June 2016

Last 30 Daysas on 30

June 2016

7.64% 7.46% 7.48% 7.98% 8.81% 9.59% 8.76%

8.20% 7.47% 7.82% 7.88% 8.75% 9.64% 8.61%

6.84% 6.85% 6.99% 7.54% 8.67% 8.76% 8.22%

10,015 10,031 10,061 10,798 10,881 10,959 15,379

10,016 10,031 10,064 10,788 10,875 10,964 15,268

10,013 10,028 10,057 10,754 10,867 10,876 14,992

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


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


`

`


40

Fund Managed by - Piyush Harlalka & Kapil Punjabi.

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

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

Fund Managed by - Kapil Punjabi.

July 15 -June 16

July 14 -June 15

July 13 -June 14

Fund Manager

ApplicationAmount for Fresh Subscription

MinimumAdditionalAmount

Yield to Maturity

SIP

NAV

Benchmark

Entry Load

Exit Load

Modified Duration

Standard Deviation

Sharpe Ratio

Beta

AUM

Holdings

Nature of Scheme

Rating Profile

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

`

`

th

`

`

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

Section II - How to read Factsheet

41

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

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

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

invested).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

022-4002 9600 [email protected]

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

HSBCAsset Management (India) Private Limited,

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

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

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

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

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

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

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

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

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

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

www.assetmanagement.hsbc.com/in

Statutory Details & Disclaimers

Documents

The Asset...03 Fund Manager Commentary GDPlowestin5quarters InstitutionalFundFlows The country's GDP or gross domestic product in the first quarter of the financial year posted a disappointing