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The Asset

Factsheet February 2018

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 Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Fund Manager Wise Comparative Performance of Equity Schemes

HSBC Monthly Income Plan

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of Debt Schemes

Section II - How to read Factsheet

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

Fund Manager Wise

01

05

06

07

08

09

10

11

12

13

14

15

16

17

20

25

30

31

32

33

34

35

36

37

38

18

-

Equity markets underwent correction

Influenced by both global as well as domestic cues, the equity markets traded weak during February. The frontline market indices recorded

their worst monthly returns in almost two years (i.e. since Feb-2016). NSE Nifty and S&P BSE Sensex traded down losing 4.9% and 5%

respectively, while the broader market indices S&P BSE Midcap and Smallcap, marginally outperformed the market indices, though still were

down returning -4.6% & -3.1% respectively.The performance of the domestic indices mirrored that of the weak returns generated by most of

the global equity indices, primarily on account of concerns around faster than expected interest rate increases in the US.

Local factors also added to the weak investor sentiments. The introduction of 10% Long Term Capital Gain Tax (LTCG) on equities in the

Union budget acted as a dampening factor for equity markets. The unraveling of substantial fraud at a prominent Public Sector Bank and

further news flows around the same, impacted market sentiments adversely, especially the banking sector names.

On the other hand, the macro data pointers released during the month painted an improving picture of the economy. The GDP growth for the

Oct – Dec 2017 quarter accelerated to 7.2% YoY compared to 6.5% YoY growth recorded in the previous quarter. The GDP print also came

above market expectation of about 7% YoY growth. The nominal GDP growth also improved to 11.9% YoY from 10% in the previous quarter.

The Gross ValueAdded (GVA) growth accelerated to 6.7% YoY up from 6.2% YoY growth recorded in the Jul – Sep 2017 quarter.

Inflation trends showed moderation, with the CPI reading for Jan-2018 coming in at 5.1% YoY compared to 5.2% in

the previous month driven by slightly lower food and fuel prices. The Wholesale Price Index or WPI inflation also decelerated to 2.8% YoY

compared to 3.6% YoY for the month of Dec-2017. The industrial output (as measured by Index of Industrial Production or IIP), remained at a

good growth trajectory delivering 7.1% YoY for Dec-2017 (however growth slightly moderated compared to 8.8% YoY in Nov-2017). On the

external trade front, strong growth in imports led to an increase in the overall trade deficit while exports growth moderated but still recorded a

growth of 9.1% YoY. The acceleration in imports growth (26.1% YoY) implies continued robust domestic demand scenario.

The underlying trends for 3QFY18 (Oct – Dec 2017) results season showed good signs of earnings growth recovery, though the reported

number got impacted by weak treasury income especially from banks and a Profit after Tax or PAT loss reported by SBI. The aggregate

earnings growth for Nifty index constituents came in at about 7% YoY*, while excluding SBI, the earnings growth improved to about 16%

YoY*. This trajectory compares to flat earnings growth (YoY) recorded in the first half of Fy18.

* MOSLestimates

The Foreign Institutional Investor (FII) flows moved into a negative figure with the net outflows for February at about USD 1.93 bn, recording

the segment’s worst monthly net outflows since Aug-17. The Domestic Institutional Investor (DII) flows on the other hand continued to see

strong net inflows at about USD 2.76 bn*, yet again driven by the domestic MFs. The MFs net bought equities worth USD 2.06 bn* whereas

the domestic insurers turned net buyers for the first time after Oct-17 at about USD 700 mn* of net inflows. The DIIs have seen net inflows of

USD 2.8 bn during the first two months of 2018, entirely driven by the net inflows from MF segment. The FIIs on the other hand have only seen

marginal net inflows of about USD 108 mn in 2018 so far compared to about USD 7.7 bn of net inflows seen during 2017.

The pace of the normalisation of monetary policy by the key central banks and particularly by the US Federal Reserve became the focal point

of discussion for the global equity markets during February. This factor influenced the performance of global markets during the month. The

US treasury yields rose and was volatile during the month on the back of the expectation of a faster pace of interest rate hikes by the Federal

Reserve. In the Eurozone, the minutes of the January policy meeting suggested that the monetary policy stance could be revisited in the near

term, paving way for ending the bond buying programme later in 2018.

Consumer Price Index or

Institutional Fund Flows

External

Global Economic Scenario

*Provisional Data


01

Source: Bloomberg; Bombay Stock Exchange (BSE)

Retu

rns %

Sensex Nifty BSE200 BSE500 BSE MidCap BSE SmallCap

-5.0%

-4.5%

-4.0%

-3.5%

-3.0%

-2.5%

-2.0%

-1.5%

-1.0%

-0.5%

0.0%

Indices Performance - Feb 2018

Equity Market Outlook

Monetary Policy Committee or(RBI Policy Minutes)

(Consumer Price Index or CPI)

(Index of Industrial Production or IIP)

Equity market trends turned weak during February influenced by various global as well as local factors. Concerns of a faster than expected

interest rate hike cycle by the US Federal Reserve led to a weak equity performance across the globe. The MSCI Emerging Market Index was

down 4.7%, while the MSCI World Index fell 4.3% and hence the performance of the frontline Indian equity Indices in February were broadly

in-line that of the global equity indices. Additionally, some domestic factors such as the introduction of LTCG tax and the news flows around

the significant fraud at a prominent Public Sector Bank led to subdued investor sentiments.

However, the macro data releases during the month support the thesis of an improving domestic economy. The GDP growth is rebounding,

the industrial production growth trajectory has improved while after showing signs of hardening in the recent past, the inflation trends have

stabilized. We are also in a phase of recovery for corporate earnings and the underlying trends from 3QFY18 results season provide

confidence to this assessment. The budget document for FY19 also appear balanced and not overly populist as the government has

considered a realistic approach to the fiscal aspects, while at the same time has provided room for social spends.

We expect earnings growth in India to remain strong for the remainder of FY18 and well into the next financial year. However valuations

remain in a higher than historical range vis-à-vis earnings. The expected increase in RoEs following margin expansion and lower rates of

interest signal a stable environment in spite of the current high valuations. We do expect market volatility to be driven by political and

geopolitical events as and when they occur during the year but we do not think fundamentals to deteriorate very significantly. Interest rates in

India will be range bound with short spurts of easing on the back of news flow and vice versa. However we do not expect them to rise

substantially in the near future and nor do we expect a steep fall in the same. The other factors to closely track would be the global economy,

global crude price dynamics, rising trends of protectionism in the developed economies and the interest rate actions in the US.

We remain constructive on the India story from a medium to long term perspective. For investors with a long term investment horizon, equity

investments provide the potential to deliver relatively better returns vis-à-vis other alternatives and also can act as an avenue for long term

wealth creation. Therefore, we continue to urge investors to approach equity investing from a long term perspective and always keep the

asset allocation plan in mind, taking into account one’s risk appetite and future goals in mind.

MPC minutes were released and were seemingly more hawkish in contrast to the

announcements made on the policy day. All members were concerned about the rising inflation risks due to the higher Minimum Support

Prices or MSPs; fiscal slippage; etc. The members have chosen a status quo on policy rates as growth recovery appears fairly nascent.

The growth-inflation mix will continue to drive the MPC decision in the near term and they are likely not to hike in haste and will likely wait for

the further GOI actions on MSP to assess the direct impact on inflation.

GST collections for the month of Jan 2018 was reported at INR 863.2 bn which was flat as compared to Dec 2017, representing

69% of the total tax payers. Out of this INR 142 bn is CGST, INR 199 bn is SGST and INR 438 bn is IGST. Overall while collections are

flat, the expectation is that with e-way bill implementation and better compliance, collections may improve these numbers in future.

CPI inflation for the month of Jan 2018 was 5.07% from 5.21% in Dec 2017, The moderation in inflation was

primarily a result of lower food inflation. At the same time, YoY rise in fuel inflation was largely capped, despite a spike in crude oil prices;

keeping overall inflation restrained. Going forward too, inflation is expected to hover around the 5% and may exceed the 5.0% mark starting

Apr 2018 as the effect of adverse base would set-in.

For the second consecutive month, India’s industrial production growth rose strongly (in over the last

two years), posting a print of 7.1% YoY in Dec 2017 vis-à-vis 8.8% in Nov 2017 perhaps indicating the beginning on broad based growth. The

growth was seen in the sectors such as manufacturing, electricity, capital goods and consumer non-durables while consumer durables, and

infrastructure were a tad weak.

(GST)

RBI's Monetary Policy, Economic Indicators

Inflation


02

Source: Bloomberg; Central Statistical Organization (CSO) India

Infl

atio

n G

row

th(%

)

CPI Inflation (%)

Consumer Price Index (CPI)

0

1%

2%

3%

4%

5%

6%

7%

De

c-1

4

Ma

y-1

5

Oct-

15

Fe

b-1

6

Jul-

16

Nov-1

6

Apr-

17

Se

p-1

7

Jan-1

8

(Trade deficit)

(Oil)

( )

( )

Oil prices have been volatile in the month of Feb reaching lows of USD 62 / barrel from highs of USD 70/ barrel. The decline driven by news

around increasing US production. However the decline was quickly reversed with oil heading back towards USD 67-68 mark driven by OPEC

members particularly Saudi reiterating that they will maintain oil output levels to keep the prices under control. Subsequent update from the US that

they will maintain healthy supply again changed the trend towards the end of the month around USD 66/barrel levels.

INR spot witnessed activity and depreciated shortly to levels breaching 65 to USD. This was largely due to PNB fraud which witnessed

covering on the spot due to trade related settlements. RBI also was heard on the street to be intervening due to increased volatility. FPI debt flows

have been stable and equity flows for the month have been negative USD 1.5 bln.

Q3 GDP picked up to 7.2% from 6.5% in the previous quarter and higher than consensus estimates. CSO has alongside revised its full year

GDP estimates to 6.6% from 6.5% and Gross Value Added or GVA to 6.4% from 6.1%. The key triggers have been agriculture, construction and

manufacturing. While base effect has played some role (as last year this quarter was impacted by demonetisation), the Q3 data definitely indicates a

visible recovery in economy.

Liquidity remains negative

Trade deficit worsened to USD 16.3 bn in January from USD 14.8 bn in November. Ove the last three months, the trade deficit has

been sliding with theApril –Jan FY18 deficit at USD 136 bn vs USD 88 bn in the same period last year. This has been driven by the slower exports while

oil imports have surged by 40% due to spike in oil prices.Alongside non-oil non-gold imports have also been rising.

Bearish sentiments continue in the market. While there was some relief post RBI policy, the relief was short-lived. Hawkish MPC minutes, currency

depreciating towards 65, US Treasury bonds trading negatively and volatility in oil price has kept the markets on the edge, Post MPC minutes yields

touched near term highs of 7.80% on the benchmark. However, the markets were quick to recover as absolute yields appeared attractive Currently

markets are trading with low volumes which can drive yields in either direction swiftly.

State Developed Loans or SDLauction spreads have been in the range of 60-65 bps in the absence of large institutional buyers. Regulatory change in

the investment pattern of pension funds is likely to keep demand supply balanced.

Currency

GDP

Liquidity saw continued tightening and remained negative throughout the month (excluding MSS). Also with the expectations that government is

going to carry additional cash of INR 393 bn, room for liquidity easing remains limited. Towards the end of the fiscal year MSS redemption of INR 1000

bn may provide some relief. RBI announced a 41 Repo of INR 250 bn. While this has not helped ease liquidity to any material level, continued repos or

OMOs (Open Market Operations) may change the needle.

RBI will continue with the vigil on inflation. While policy was more balanced on growth – inflation dynamics, the minutes presented a hawkish tone

which has accentuated market to believe that RBI is more concerned on the inflation rather than growth, pushing the case for a rate hike. Fixed

income market has pushed up yield since last 6 months in a big way to discount most risks projected by RBI.

Markets are expected to trade in a range of 7.50-8.00 depending on global cues. Locally markets appear to have priced in all potential negatives in the

near term and current levels may present attractive entry points. However near term volatility and resumption of central government supply inApril are

the key risks factors that is keeping market on the sidelines

Demand Supply balancing of G Secs will be possibly achieved through foreign participation, tapping retail market for G Secs and encouraging

deposits in banking system.

Markets

Going Forward

03


Source: Bloomberg, for all data except where mentioned otherwise

Source: Bloomberg

Gro

wth

%

Index of Industrial Production (IIP)* new series data

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

-6%

-1%

4%

9%

14%

Jan/1

3

Ju

n/1

3

No

v/1

3

Apr/

14

Sep/1

4

Feb/1

5

Ju

l/1

5

Dec/1

5

Apr/

16

Sep/1

6

Feb/1

7

Ju

l/1

7

Dec/1

7

Rate

%

Repo Rate Movement

Repo Rate

4%

5%

6%

7%

8%

9%

10%

Jan

/10

Jul/10

Dec/1

0

May/1

1

Oct/11

Ma

r/12

Au

g/1

2

Jan

/13

Jun

/13

Nov/1

3

Ap

r/14

Se

p/1

4

Feb/1

5

Jul/15

Dec/1

5

May/1

6

Oct/16

Ap

r/17

Se

p/1

7

Feb/1

8

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund #

HSBC IndiaOpportunities

Fund #

HSBCMidcap

Equity Fund

Overweight Underweight Neutral

#The benchmark for HSBC Equity Fund and HSBC India Opportunities Fund have changed w.e.f. 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme.

Review: HSBC Equity Fund

Positive Contributors

Negative ContributorsEnergy & Utilities - being underweight & certain stock (s) selection hurt performanceFinancials & Industrials - being overweight & certain stock (s) selection hurt performanceInformation Technology – being underweight hurt performance

Materials - being overweight & certain stock (s) selection helped performanceConsumer Staples – certain stock (s) selection helped performance

Review: HSBC India Opportunities Fund


Negative Contributors

Industrials, Financials & Information Technology – certain stock (s) selection helped performance

Consumer Staples, Energy & Utilities - being underweight hurt performance

Materials & Telecommunication - certain stock (s) selection hurt performance

Review: HSBC Midcap Equity Fund


Negative ContributorsConsumer Discretionary – being underweight & certain stock (s) selection hurt performanceHealthcare & Telecommunication – being underweight hurt performanceMaterials - certain stock (s) selection hurt performance

Consumer Staples & Energy - being overweight & certain stock (s) selection helped performanceUtilities – being underweight helped performance

Review: HSBC Dynamic Fund

The cash levels and sector allocation in the fund are likely to change depending on the market conditions and technical factors.

Review: HSBC Monthly Income Plan

Our current exposure is 24.9% in HMIP. Currently it is more biased towards large caps than mid or small caps.

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

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

05

FUND DETAILS

Weighted Average Monthly Total Expenses ratios(Annualized)

Portfolio Turnover

Regular 2.24%Direct Plan 1.52%Excludes GST on Investment Management fees of 0.25% ofTotal NetAssets.

0.88

Asset Allocation

Auto 8.21%

AutoAncillaries 2.32%

Banks 30.65%

Cement 1.49%

Construction Project 6.88%

Consumer Non Durables 7.02%

Ferrous Metals 5.31%

Finance 7.13%

Non - Ferrous Metals 4.43%

Oil 2.11%

Petroleum Products 5.91%

Pharmaceuticals 1.37%

Power 1.83%

Software 10.15%

Telecom - Services 2.56%

Other Equity Investments 1.43%

Reverse Repos/CBLOs 1.86%

Net CurrentAssets -0.66%

Total NetAssets 100.00%

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

$The benchmark was changed w.e.f. 11th November, 2016 as amore suitable benchmark was identified which better matchedthe portfolio strategy. There has been no change to investmentmanagement of the scheme.

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate: 6.05% (FIMMDA-NSE Mibor) as on Feb 28,2018)

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

Auto

Maruti Suzuki India 2,212.74 3.30%

Mahindra & Mahindra 2,185.05 3.26%

Tata Motors 1,109.70 1.65%

Motherson Sumi Systems 825.00 1.23%

MRF 733.92 1.09%

HDFC Bank 6,406.28 9.55%

ICICI Bank 4,385.50 6.54%

Yes Bank 3,223.00 4.81%

IndusInd Bank 2,521.13 3.76%

Axis Bank 2,379.38 3.55%

Kotak Mahindra Bank 1,635.83 2.44%

Shree Cement 997.41 1.49%

Larsen & Toubro 4,613.53 6.88%

ITC 3,710.70 5.53%

Britannia Industries 998.85 1.49%

Tata Steel 2,310.30 3.45%

JSW Steel 1,248.80 1.86%

HDFC 2,893.92 4.32%

Indiabulls Housing Finance 1,881.15 2.81%

Vedanta 2,967.75 4.43%

Oil & Natural Gas Corporation 1,412.25 2.11%

Reliance Industries 3,961.38 5.91%

Aurobindo Pharma 920.85 1.37%

NTPC 1,224.38 1.83%

Infosys 4,690.40 6.99%

HCL Technologies 2,115.68 3.16%

Bharti Airtel 1,714.20 2.56%

Auto Ancillaries

Banks

Cement

Construction Project

Consumer Non Durables

Ferrous Metals

Finance

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Other Equity Investments 962.74 1.43%

Cash Equivalents

CBLO 642.38 0.96%

Reverse Repos 608.18 0.91%

Net Current Assets -434.64 -0.66%

Total Net Assets as on 28-Feb-2018 67,057.70 100.00%

FUND PORTFOLIO

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

28-Dec-17 3.50000 3.50000 33.2519HSBC Equity Fund - Dividend - Direct Plan

28-Dec-17 3.50000 3.50000 34.7739

10-Nov-15 3.70000 3.70000 29.404602-Nov-16 3.00000 3.00000 30.0022

10-Nov-15 3.70000 3.70000 30.080602-Nov-16 3.00000 3.00000 31.0071

Date of Allotment

BenchmarkNAV (Growth)(as on 28.02.18)Monthly Average AUM(In Lakhs)Fund ManagerSIPMinimumApplication Amount

Exit Load

Standard DeviationBeta (Slope)Sharpe Ratio**

$

@

per unit

Statistical Ratios

10-Dec-02Nifty 50

Neelotpal SahaiAvailable

10,000

1,000 p.m.(SIP)

Nil

4.31%

`

`

`

200.2793

1.03050.0549

66,585.05

Investors understand that their principalwill be at Moderately High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:

• To create wealth over longterm

• Investment in equity andequity related securities

HSBC Equity Fund (HEF)

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

HSBC India Opportunities Fund (HIOF)

06

FUND DETAILS


Portfolio Turnover

Regular 2.27%

Direct Plan 1.53%

Excludes GST on Investment Management fees of 0.17% of TotalNetAssets.

0.56

Asset Allocation

Auto 9.19%AutoAncillaries 1.06%Banks 23.88%Cement 3.08%Chemicals 2.49%Construction 2.12%Construction Project 5.34%Consumer Non Durables 4.39%Ferrous Metals 5.08%Finance 10.23%Industrial Capital Goods 1.13%Industrial Products 2.68%Non - Ferrous Metals 4.03%Pesticides 1.07%Petroleum Products 3.89%Pharmaceuticals 1.50%Software 6.60%Telecom - Services 2.08%Textile Products 2.25%Other Equity Investments 7.77%Reverse Repos/CBLOs 2.90%Net CurrentAssets -2.76%Total NetAssets 100.00%

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


(absolute)

@Effective from March 1, 2013 for prospective investments.

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

6.05 Feb 28,2018


FUND PORTFOLIO

Auto

Tata Motors 1,849.50 3.01%

Eicher Motors 1,371.89 2.24%

Maruti Suzuki India 1,327.64 2.16%

Mahindra & Mahindra 1,092.53 1.78%

Balkrishna Industries 652.02 1.06%

HDFC Bank 5,935.23 9.67%

ICICI Bank 4,228.88 6.89%

Yes Bank 2,900.70 4.73%

Axis Bank 1,586.25 2.59%

Dalmia Bharat 1,184.63 1.93%

JK Cement 708.26 1.15%

Balaji Amines 802.94 1.31%

Vinati Organics 724.41 1.18%

Ahluwalia Contracts (India) 663.78 1.08%

Gayatri Projects 635.10 1.04%

Larsen & Toubro 2,636.30 4.30%

Kridhan Infra 638.28 1.04%

ITC 1,855.35 3.02%

Balrampur Chini Mills 838.25 1.37%

Tata Steel 1,786.46 2.91%

Srikalahasthi Pipes 694.70 1.13%

Jindal Steel & Power 636.00 1.04%

Bharat Financial Inclusion 3,078.30 5.02%

Bajaj Finance 2,460.38 4.01%

Cholamandalam Investment & Fin Co. 734.98 1.20%

Sanghvi Movers 692.40 1.13%

Supreme Industries 1,010.69 1.65%

Astral Poly Technik 634.59 1.03%

Vedanta 2,473.13 4.03%

UPL 655.88 1.07%

Reliance Industries 2,386.38 3.89%


Infosys 2,638.35 4.30%

HCL Technologies 1,410.45 2.30%

Bharti Airtel 642.83 1.05%

Idea Cellular 629.25 1.03%

Arvind 734.91 1.20%

Welspun India 645.00 1.05%

Auto Ancillaries

Banks

Cement

Chemicals

Construction



Ferrous Metals

Finance

Industrial Capital Goods

Industrial Products


Pesticides

Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products

Other Equity Investments 4,769.10 7.77%

Cash Equivalents

CBLO 914.86 1.49%


Net Current Assets -1,691.04 -2.76%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan27-Feb-18 2.25000 2.25000 28.2124

27-Feb-18 2.25000 2.25000 31.1273

10-Nov-15 1.50000 1.50000 21.862424-Mar-17 1.50000 1.50000 25.8408

10-Nov-15 1.50000 1.50000 23.473824-Mar-17 1.50000 1.50000 28.1677

An Open Ended Flexi-Cap Equity Scheme

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

Date of Allotment

Benchmark

NAV (Growth)(as on 28 )

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

$

@

per unit

Monthly Average AUM(In Lakhs)

.02.18

Statistical Ratios

24-Feb-04

S&P BSE 200

62,138.11

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.70%

`

`

`

88.0864

1.0837

0.0699


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities acrossmarket capitalisations

HSBC India Opportunities Fund (HIOF)


HSBC Midcap Equity Fund (HMEF)

This product is suitable for investors who are seeking*:

�

�

�

Overnight liquidity over short term

Investment in Money Market Instruments

Low riskLOW RISK

(BLUE)

Note: Risk is represented as -

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

07

FUND DETAILS


Portfolio Turnover

Regular 2.34%

Direct Plan 1.53%

Excludes GST on Investment Management fees of 0.17% ofTotal NetAssets.

0.38

Asset Allocation


(absolute)



6.05 Feb 28,2018


FUND PORTFOLIO

Auto

VST Tillers Tractors 2,234.45 3.44%

Apollo Tyres 2,100.31 3.23%

Deccan Cements 2,536.80 3.90%

Balaji Amines 3,103.98 4.78%

Vinati Organics 2,353.68 3.62%

GOCL Corporation 1,949.04 3.00%

Navin Fluorine International 1,115.59 1.72%

Indiabulls Real Estate 1,184.43 1.82%

IRB Infrastructure Developers 914.40 1.41%



Apex Frozen Foods 2,143.96 3.30%

Kaveri Seed Company 2,146.29 3.30%

CCL Products (India) 1,658.36 2.55%

Srikalahasthi Pipes 2,328.17 3.58%


Indiabulls Housing Finance 2,752.75 4.24%

Manappuram Finance 2,332.80 3.59%

Motilal Oswal Financial Services 2,027.62 3.12%

Dewan Housing Finance Corporation 1,813.38 2.79%

Cholamandalam Investment & Fin Co. 1,556.38 2.39%

Muthoot Finance 1,324.28 2.04%

JM Financial 1,298.44 2.00%

Reliance Capital 1,015.34 1.56%

Sanghvi Movers 1,138.92 1.75%

Ramkrishna Forgings 1,471.59 2.26%

Graphite India 876.79 1.35%

CMI 834.67 1.28%

Jain Irrigation Systems 678.31 1.04%

Jagran Prakashan 1,781.10 2.74%

Gujarat Mineral Development Corporation 2,258.78 3.48%

South West Pinnacle Exploration 881.85 1.36%

Hindustan Petroleum Corporation 1,140.45 1.75%

Aurobindo Pharma 1,010.57 1.55%

Kalpataru Power Transmission 1,152.15 1.77%

Sonata Software 1,841.06 2.83%

One Point One Solutions 821.42 1.26%

Sarla Performance Fibers 844.13 1.30%

Auto Ancillaries

Cement

Chemicals

Construction



Ferrous Metals

Finance


Industrial Products

Media & Entertainment

Minerals/Mining

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Textiles - Synthetic

Other Equity Investments 4,358.12 6.71%

Cash Equivalents

CBLO 739.24 1.14%




IssuerMarket Value

( in Lacs)`

% to NetAssets





`

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

02-Nov-16 1.75 1.75 25.3345

02-Nov-16 1.75 1.75 21.5706HSBC Midcap Equity Fund - Dividend - Direct Plan

An Open Ended Diversified Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.02.18

Statistical Ratios

19-May-05

S&P BSE Midcap

62,970.42

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.91%

`

`

`

61.5646

1.1326

0.1603


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 3.44%

AutoAncillaries 3.23%

Cement 3.90%

Chemicals 13.12%

Construction 4.23%




Finance 21.73%

Industrial Capital Goods 1.75%

Industrial Products 5.93%

Media & Entertainment 2.74%

Minerals/Mining 3.48%

Oil 1.36%



Power 1.77%

Software 4.09%

Textiles - Synthetic 1.30%





HSBC Infrastructure Equity Fund (HIEF)


�

�

�



Low riskLOW RISK

(BLUE)



08

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta

Sharpe Ratio**

$

@

per unit


(Slope)

.02.18

Statistical Ratios

23-Feb-06

S&P BSE IndiaInfrastructure Index

17,416.84

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

5.67%

`

`

`

25.0204

1.0575

0.0652


Portfolio Turnover

Regular 2.48%

Direct Plan 1.71%


0.37

Asset Allocation

Banks 1.90%

Cement 5.58%

Chemicals 4.68%

Construction 12.60%



Finance 2.40%

Gas 2.29%

Industrial Capital Goods 8.65%

Industrial Products 13.04%

Minerals/Mining 7.22%

Oil 1.24%


Power 4.71%

Transportation 3.86%



Net CurrentAssets 0.65%




(absolute)



6.05 Feb 28,2018


FUND PORTFOLIO

Banks

Karnataka Bank 334.50 1.90%

Deccan Cements 984.33 5.58%

GOCL Corporation 825.06 4.68%

KNR Constructions 613.97 3.48%

IRB Infrastructure Developers 502.92 2.85%


Indiabulls Real Estate 355.33 2.01%

NBCC India 280.27 1.59%


Larsen & Toubro 197.72 1.12%

HG Infra Engineering 271.61 1.54%

Srikalahasthi Pipes 1,202.48 6.81%

Jindal Saw 767.84 4.35%


Rural Electrification Corporation 424.24 2.40%

Gujarat State Petronet 403.75 2.29%

Sanghvi Movers 716.04 4.06%

Voltamp Transformers 630.21 3.57%

Inox Wind 180.02 1.02%

KEI Industries 1,066.76 6.04%

CMI 644.08 3.65%

Schaeffler India 401.53 2.28%

Graphite India 188.85 1.07%

Gujarat Mineral Development Corporation 1,274.20 7.22%

South West Pinnacle Exploration 218.40 1.24%

Indian Oil Corporation 699.43 3.96%

Hindustan Petroleum Corporation 685.22 3.88%

PTC India 396.50 2.25%

Reliance Infrastructure 252.86 1.43%

Power Grid Corporation of India 181.88 1.03%

Adani Ports & Special Economic Zone 681.94 3.86%

Cement

Chemicals

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Oil

Petroleum Products

Power

Transportation


Cash Equivalents

CBLO 83.86 0.48%


Net Current Assets 119.10 0.65%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend11-May-07 1.00 1.00 12.239026-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

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

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit


@

.02.18

Statistical Ratios

05-Jan-07

S&P BSE 200

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.53%

`

`

37.8368

1.0088

0.0944

17,959.22


Portfolio Turnover

Regular 2.44%

Direct Plan 1.71%


0.52

Asset Allocation

Auto 6.74%AutoAncillaries 6.33%Banks 30.30%Cement 6.64%Construction 2.83%Construction Project 3.63%Consumer Durables 3.21%Consumer Non Durables 7.82%Chemicals 2.40%Finance 5.28%Industrial Products 4.67%Non - Ferrous Metals 2.97%Petroleum Products 2.12%Pharmaceuticals 3.39%Software 3.70%Telecom - Services 1.95%Textile Products 1.59%Textiles - Cotton 1.42%Transportation 2.22%Other Equity Investments 0.15%Reverse Repos/CBLOs 1.02%Net CurrentAssets -0.38%Total NetAssets 100.00%


(absolute)



6.05 Feb 28,2018


FUND PORTFOLIO

Auto

Maruti Suzuki India 892.44 5.02%

Mahindra & Mahindra 305.91 1.72%

MRF 506.40 2.85%

Exide Industries 311.10 1.75%

Amara Raja Batteries 308.34 1.73%

HDFC Bank 1,592.15 8.96%

ICICI Bank 1,592.72 8.96%

IndusInd Bank 890.80 5.01%

Federal Bank 482.67 2.72%

Axis Bank 475.88 2.68%

DCB Bank 349.32 1.97%

NCL Industries 718.28 4.04%

OCL India 462.88 2.60%

Somany Ceramics 503.17 2.83%


Crompton Greaves Consumer Electrical 348.75 1.96%

Blue Star 222.37 1.25%

ITC 386.70 2.18%

United Spirits 385.16 2.17%

Heritage Foods 340.84 1.92%

Balrampur Chini Mills 275.43 1.55%

Cholamandalam Investment & Fin Co. 602.68 3.39%

JM Financial 336.18 1.89%

Nilkamal 454.44 2.56%

Finolex Cables 374.33 2.11%

Galaxy Surfactants 426.27 2.40%

Vedanta 527.60 2.97%

Reliance Industries 377.05 2.12%

Torrent Pharmaceuticals 362.69 2.04%

Sun Pharmaceutical Industries 239.30 1.35%

Infosys 658.07 3.70%


Indian Terrain Fashions 282.00 1.59%

Indo Count Industries 252.38 1.42%

Interglobe Aviation 394.03 2.22%

Auto Ancillaries

Banks

Cement

Construction


Consumer Durables


Finance

Industrial Products

Chemicals


Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products

Textiles - Cotton

Transportation


Cash Equivalents

CBLO 93.09 0.52%




IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct30-Jan-18 2.50000 2.50000 26.4229

30-Jan-18 2.50000 2.50000 27.6259

23-Mar-16 1.50000 1.50000 19.467524-Mar-17 1.50000 1.50000 23.1073

23-Mar-16 1.50000 1.50000 19.995024-Mar-17 1.50000 1.50000 23.9550

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

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

term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


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


@

.02.18

Statistical Ratios

24-Sep-07

S&P BSE 200

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.56%

17.6588

0.8555

0.0450

4,464.91


Portfolio Turnover

Regular 2.50%

Direct Plan 1.80%Excludes GST on Investment Management fees of 0.32% of TotalNetAssets.

0.70

Asset Allocation

Auto 7.28%

Banks 32.64%




Finance 3.11%

Non - Ferrous Metals 3.72%



Power 2.95%

Software 10.11%

Telecom - Services 2.90%






(absolute)



6.05 Feb 28,2018

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

Mahindra & Mahindra 174.80 3.94%

Tata Motors 147.96 3.34%

HDFC Bank 433.37 9.77%

ICICI Bank 281.93 6.36%

Kotak Mahindra Bank 218.11 4.92%

Axis Bank 185.06 4.17%

IndusInd Bank 168.08 3.79%

Yes Bank 161.15 3.63%


ITC 291.56 6.58%

Tata Steel 155.81 3.51%

JSW Steel 140.49 3.17%

Indiabulls Housing Finance 137.95 3.11%

Vedanta 164.88 3.72%

Reliance Industries 381.82 8.61%


NTPC 130.60 2.95%

Infosys 316.60 7.14%

HCL Technologies 131.64 2.97%


Banks



Ferrous Metals

Finance


Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services


Cash Equivalents

CBLO 170.02 3.83%





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 Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



11

FUND DETAILS


Regular 2.66%

Direct Plan 1.81%

(inclusive of underlying scheme's expenses)Excludes GST on Investment Management fees of 0.17% of TotalNetAssets.

Asset Allocation

Overseas Mutual Fund 98.39%





(absolute)



6.05 Feb 28,2018


FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents

CBLO 13.53 1.39%



Total Net Assets as on 28-Feb-2018 970.35 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 954.72 98.39%

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


@

.02.18

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

961.08

Ranjithgopal K A(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.27%

`

`

`

14.9712

1.0090

0.0700

Dividend Declaration

Record Date / periodof dividend declared




`

HSBC - Emerging Market Fund - Dividend

HSBC - Emerging Market Fund - Dividend - Direct Plan27-Jun-14 0.50000 0.50000 11.5335

27-Jun-14 0.50000 0.50000 11.6656


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in equity andequity related securities ofEmerging economies

HSBC Emerging Markets Fund (HEMF)


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


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.43%

Direct Plan 1.58%

(inclusive of underlying scheme's expenses)


Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 16.02 1.93%




HSBC GIF Asia Pacific Ex Japan Eq HD-S9D 808.60 97.48%

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Fund of Funds Scheme

Investment Objective: The primary investment objective of the Scheme is to provide long term capital appreciation byinvesting predominantly in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High Dividend Fund(HEHDF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of liquidmutual fund schemes, in order to meet liquidity requirements from time to time. However, there is no assurance that theinvestment objective of the Scheme will be achieved.

Date of AllotmentBenchmark


Fund Manager

SIPMinimumApplication Amount

Exit Load

per unit


@

.02.18

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

24-Feb-14MSCI AC Asia Pacific

ex Japan

Ranjithgopal K A (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)Available

10,000

1,000 p.m.(SIP)

Nil

814.57

`

`

`

3.45%

13.9266

0.8910

0.0910


RiskometerRiskometer

Mod

erately

Mod

erately ModerateModerate

Low

Low

Hig

hH

igh

Low

Low

HighHigh

LOWLOW HIGHHIGH

Moderately

Moderately



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

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



(absolute)



6.05 Feb 28,2018

HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



13

FUND DETAILS


Regular 2.66%

Direct Plan 1.81%


Asset Allocation






(absolute)



6.05 Feb 28,2018

FUND PORTFOLIO


Cash Equivalents

CBLO 41.60 1.58%




HSBC GIF Brazil Equity S3D 2,592.53 98.23%

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


@

.02.18

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

2,577.44

Ranjithgopal K A(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

9.49%

`

`

`

8.5740

0.9180

0.0590


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)



14

FUND DETAILS


Regular 2.10%

Direct Plan 1.83%

(inclusive of underlying scheme's expenses)

Excludes GST on Investment Management fees of 0.00% of TotalNetAssets and of 0.21% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 98.55%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 133.84 0.83%




HSBC Equity Fund - Growth Direct 9,549.60 59.30%

HSBC Midcap Equity Fund - Growth Direct 3,152.37 19.57%

HSBC Income Fund Short Term - Growth Direct 1,444.45 8.97%

HSBC Income Fund Inv Plan Growth Direct 993.81 6.17%

HSBC Flexi Debt Fund Growth Direct 731.09 4.54%

IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

Monthly Average AUM

(In Lakhs)

@

.02.18

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

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

and 20% of CRISILBond Index

15,540.91

Ranjithgopal K A (DedicatedFund Manager for investments

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

Equity Portion)Sanjay Shah (For managing

investments in Indian Market –Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`

17.7437

0.9680

0.1140

3.40%


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth over long term

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

HSBC Managed Solutions India - Growth



(absolute)



6.05 Feb 28,2018

HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.00%

Direct Plan 1.75%

(inclusive of underlying scheme's expenses)Excludes GST on Investment Management fees of 0.00% of TotalNetAssets and of 0.19% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 98.32%




FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 352.96 1.27%






HSBC Midcap Equity Fund - Growth Direct 4,370.64 15.77%

HSBC Flexi Debt Fund Growth Direct 4,268.56 15.40%


IssuerMarket Value

( in Lacs)`

% to NetAssets


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

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit

Monthly Average AUM

(In Lakhs)

@

.02.18

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

Aggressive Index)

27,157.56

Ranjithgopal K A (Dedicated FundManager for investments in

foreign securities) Gautam Bhupal(For managing investments in

Indian Market – Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

`

`

`

(CRISIL Hybrid 35+65 -

2.72%

16.7246

0.9840

0.1240


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth and provideincome over the long term

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

HSBC Managed Solutions India - Moderate



(absolute)



6.05 Feb 28,2018

HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 1.58%

Direct Plan 1.33%

(inclusive of underlying scheme's expenses)Excludes GST on Investment Management fees of 0.05% of TotalNet Assets and of 0.11% on the underlying scheme's in which thefund of fund invests.

Asset Allocation

Mutual Fund 100.08%




FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 57.62 0.19%





HSBC Flexi Debt Fund Growth Direct 5,560.35 18.13%

L&T Triple Ace Bond Fund Direct Growth 4,369.28 14.25%


IDFC Dynamic Bond Fund-Direct Pl-Growth 2,541.25 8.29%

HDFC Income Fund Direct Plan - Growth 1,012.19 3.30%


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


@

.02.18

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

Ranjithgopal K A (DedicatedFund Manager for investments

in foreign securities)(For managing

investments in Indian Market –Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Ni

`

31,074.63

Gautam Bhupal

`

`

13.7608

0.8240

0.0040

0.87%

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

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

Investors understand that their principalwill be at Moderate risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Managed Solutions India - Conservative



(absolute)



6.05 Feb 28,2018

HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

17

FUND DETAILS


Regular 2.47%

Direct Plan 1.63%


Asset Allocation





FUND PORTFOLIO


Cash Equivalents

CBLO 8.76 1.96%




HSBC GIF-China Consumer Opp S5 Cap 430.92 96.40%

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


@

.02.18

Standard Deviation

Beta (Slope)

Sharpe Ratio**

Statistical Ratios

23-Feb-15

MSCI AC World Index

441.15

Ranjithgopal K A (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5

12.5133

0.9520

0.0590

2.93%


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)




(absolute)



6.05 Feb 28,2018

18

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver 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)

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

Ranjithgopal K A (from 27 February 2017)


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


For overseas investment : ,For Investments in Indian Market - Equity Portion :

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

Gautam Bhupal(from 21 Oct 2015)


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


Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 20 years experience in Equity Research and Fund Management.

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

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

HDFC Bank LtdSenior Manager Equities from November 1999 to September 2003

DSQ Software LtdBusiness Analyst from June 1999 to November 1999

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

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

�

�

�

�

�

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Gautam Bhupal

Vice President & Fund Manager Equities

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

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

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

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

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

Experience:

�

�

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


19

Neelotpal Sahai

Senior Vice President & Head - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

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

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

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

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

�

�

�

�

�

�

�

Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 11 years experience in research.

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

SBI Funds Management India Private LtdSenior Manager - Equity Research from March 2007 to September 2007

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

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

Experience:

�

�

�

�

Ranjithgopal K A

Vice President - Equities from March 2016 onwards

Associate Vice President - Investment Management (Analyst) from January 2012 to February 2016

Associate Vice President - Institutional Sales from April 2009 to December 2011

Associate Vice President - Sales & Distribution from May 2006 to April 2009

Vice President - Equities

PGDBM, BA - Economics

Over 10 years of experience in Equity Research & Sales

HSBC Asset Management (India) Private Ltd

Experience:

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20

Funds Managed by Neelotpal Sahai.(Total Schemes Managed 3)

Funds Managed by Neelotpal Sahai.(Total Schemes Managed 3)

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks 1 Year 3 Years 5 Years SinceInception

HSBC Equity Fund - Growth

(Scheme Benchmark)

(Standard Benchmark)

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

10,000, if invested in , would have become


`

`

`

Nifty 50

S&P BSE Sensex

Nifty 50

S&P BSE Sensex

17.95 8.13 14.60 21.75

19.75 7.21 14.41 17.84

20.46 6.85 14.28 17.79

11,795 12,648 19,774 200,311

11,975 12,327 19,610 121,842

12,046 12,203 19,499 121,057

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth

S&P BSE 200 (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

18.06 9.29 19.97 16.79

20.55 9.34 16.37 15.15

19.75 7.21 14.41 14.79

11,806 13,060 24,865 88,137

12,055 13,078 21,349 72,283

11,975 12,327 19,610 69,178

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

16.93 7.54 12.16 5.60

20.55 9.34 16.37 9.40

19.75 7.21 14.41 8.74

11,693 12,442 17,755 17,661

12,055 13,079 21,349 25,543

11,975 12,327 19,610 23,980

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

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

The said Fund is managed by Neelotpal Sahai Effective (27 May 2013)



The said Fund is managed by Sanjay Shah Effective (14 August 2009)


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

(Total Schemes Managed 3)Funds Managed by (Total Schemes Managed 10)


Returns are of growth option. The returns for the respective periods are provided as on Last business day of February 2018 for the respective Schemes. Returns above 1 yearare Compounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specifictime period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.

`

Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.


1 Year 3 Years 5 Years


Performance of the respective benchmark is calculated as per the Total Return Index (TRI)

As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 10-Dec-2002 to 31-May-2007 and TRI values effective 31-May-2007.

As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from 24-Feb-2004 to 29-Jun-2007 and TRI values effective 29-Jun-2007.

21

HSBC Brazil Fund^

Date of Inception : 06 May 11

Scheme Name & Benchmarks SinceInception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

8.17 7.90 -2.79 -2.23

18.34 14.73 4.00 3.37

18.71 7.21 14.41 11.15

10,829 12,567 8,680 8,574

11,834 15,100 12,166 12,539

11,899 12,327 19,610 20,571

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

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

Returns are of growth option. The returns for the respective periods are provided as on Last business day of February 2018 for the respective Schemes. Returns above 1 yearare Compounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specifictime period, invested at the start of the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`



Funds Managed by - Ranjithgopal K A (Total Schemes Managed 7)

Funds Managed by - Ranjithgopal K A (Total Schemes Managed 7)

HSBC Emerging Markets Fund^

Date of Inception : 17 Mar 08


HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

21.93 8.94 6.52 4.14

25.19 10.97 8.89 8.68

18.71 7.21 14.41 10.15

12,226 12,935 13,716 14,978

12,558 13,673 15,312 22,909

11,899 12,327 19,610 26,189

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `



The said Fund is managed by Ranjithgopal K A Effective (27 February 2017)


HSBC Asia Pacific (Ex Japan) DividendYield Fund

^


Scheme Name & Benchmarks 1 Year 3 Years SinceInception

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

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

19.96 9.53 8.60

24.36 10.76 10.38

19.75 7.21 15.47

11,996 13,147 13,925

12,436 13,595 14,864

11,975 12,327 17,813

% % %

% % %

% % %

` ` `

` ` `

` ` `


Funds Managed by Sanjay Shah (for Fixed Income portion) (Total Schemes Managed 10)

Funds Managed by Ranjithgopal K A (For overseas investment) (Total Schemes Managed 7)


The said Fund is managed by Sanjay Shah Effective (24 February 2014)

The said Fund has been in existence for more than 3 years but less than 5 years

Performance of the respective benchmark is calculated as per the Total Return Index (TRI)^Index returns reported as on 31 December 2017 were in USD, however the

returns are now converted to INR and these values have been sourced directly from Bloomberg.

22

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

^


Scheme Name & BenchmarksScheme Name & BenchmarksScheme Name & Benchmarks 1 Year 3 Years SinceInception

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

MSCI AC World Index (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

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

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

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

`

`

`

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

Please Note : NAmeans not available.* BSE vide its notification dated April 10, 2015 have notified change in the index composition of S&P BSE Midcap Index. As a result returns for the said benchmark are different whencompared to the historically published returns. The corresponding benchmark returns for inception of the scheme has not been provided, as the historical index data for S&P BSE MidcapIndex is available only from Sept 16, 2005 whereas the inception date of the scheme is May 19, 2005.


Funds Managed by - Dhiraj Sachdev (Total Schemes Managed 2)

Funds Managed by - Dhiraj Sachdev (Total Schemes Managed 2)

HSBC Midcap Equity Fund Date of Inception : 19 May 05


HSBC Midcap Equity Fund - Growth

S&P BSE Midcap (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

*

29.98 17.31 28.33 15.27

23.68 16.65 22.97 NA

19.75 7.21 14.41 15.32

12,998 16,158 34,829 61,559

12,368 15,886 28,135 NA

11,975 12,327 19,610 61,901

% % % %

% % %

% % % %

` ` ` `

` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on Last business day of for the respective Schemes. Returns above 1 year areCompounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period,invested at the start of the period. The returns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicatedabove. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

February 2018`


HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth

S&P BSE India Infrastructure (Scheme Benchmark)


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

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


$

`

`

`

26.90 9.60 18.37 7.93

19.05 10.27 NA NA

19.75 7.21 14.41 12.13

12,690 13,165 23,242 13,324

11,905 13,408 NA NA

11,975 12,323 19,601 15,384

% % % %

% %

% % % %

` ` ` `

` `

` ` ` `



Funds Managed by Sanjay Shah (for Fixed Income portion) (Total Schemes Managed 10)

Funds Managed by Ranjithgopal K A (For overseas investment) (Total Schemes Managed 7)


The said Fund is managed by Sanjay Shah Effective (13 February 2015)

The said Fund is managed by Dhiraj Sachdev Effective (01 December 2009)

The said Fund is managed by Dhiraj Sachdev Effective (01 December 2009)


Please Note : NAmeans not available.$The benchmark of the scheme was changed from S&P BSE 200 to S&P BSE India Infrastructure Index with effect from 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme. Since, S&P BSE India Infrastructure Indexwas launched on May 19, 2014 and the historic index data prior to the said date is not available, wherever scheme’s corresponding benchmark returns are not available, thesame has not been provided.

Performance of the respective benchmark is calculated as per the Total Return Index (TRI) Index returns reported as on 31 December 2017 were in USD, however the returns arenow converted to INR and these values have been sourced directly from Bloomberg.

^

21.65 7.88 7.72

16.09 10.33 10.05

19.75 6.99 6.19

12,165 12,557 12,516

11,609 13,429 13,353

11,975 12,246 11,987

% % %

% % %

% % %

` ` `

` ` `

` ` `

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


HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

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

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


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

`

`

`

`

17.28 10.47 16.13

17.29 8.85 13.83

19.75 6.99 12.42

-1.45 5.54 7.77

11,728 13,481 17,751

11,729 12,898 16,443

11,975 12,246 15,674

9,855 11,757 13,326

% % %

% % %

% % %

% % %

` ` `

` ` `

` ` `

` ` `


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


23

Returns are of growth option. The returns for the respective periods are provided as on Last business day of February 2018 for the respective Schemes. Returns above 1 year areCompounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific timeperiod, 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-visreturns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`

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

`

`

`

19.66 10.76 19.24 12.67

20.55 9.34 16.37 10.96

19.75 7.21 14.41 10.36

11,966 13,595 24,117 37,843

12,055 13,078 21,349 31,907

11,975 12,327 19,610 30,034

% % % %

% % % %

% % % %

` ` ` `

` ` ` `

` ` ` `

Funds Managed by - Aditya Khemani (Total Schemes Managed 2)



The said Fund is managed by Gautam Bhupal Effective (21 October 2015)

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

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


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

(For overseas investment)

(Total Schemes Managed 3)Funds Managed by (Total Schemes Managed 10)Funds Managed by Ranjithgopal K A (Total Schemes Managed 7)



As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from date 05-Jan-2007 to date 29-Jun-2007 and TRI values since date 29-Jun-2007.

24

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


Returns are of growth option. The returns for the respective periods are provided as on Last business day of February 2018 for the respective Schemes. Returns above 1 year areCompounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific timeperiod, 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-visreturns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`


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


HSBC Managed Solutions - Moderate - Growth

Aggressive Index (Scheme Benchmark)



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

10,000,if investedin ,wouldhavebecome



`

`

`

`

CRISIL Hybrid 35+65 -

CRISILHybrid35+65-AggressiveIndex

14.65% 10.08% 14.35%

14.71% 8.84% 14.20%

19.75% 6.99% 12.42%

-1.45% 5.54% 7.77%

11,465 13,338 16,731

11,471 12,895 16,648

11,975 12,246 15,674

9,855 11,757 13,326

` ` `

` ` `

` ` `

` ` `








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


HSBC Managed Solutions - Conservative - Growth




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




`

`

`

`

4.69% 6.20% 8.68%

5.88% 7.75% 9.82%

19.75% 6.99% 12.42%

-1.45% 5.54% 7.77%

10,469 11,978 13,764

10,588 12,510 14,329

11,975 12,246 15,674

9,855 11,757 13,326

` ` `

` ` `

` ` `

` ` `










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 Feb 28, 2018 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

-

-

-

-

Nifty 50

Nifty 50

S&P BSE Sensex

S&P BSE Sensex


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 600000 1830000

126405 445453 856969 6458798

10.14 14.37 14.26 15.08

128532 443007 840670 6065056

13.57 13.99 13.48 14.37

129584 442719 833075 6202408

15.28 13.94 13.11 14.62

120000 360000 600000 1690000

126920 450861 934600 5188163

10.97 15.22 17.79 14.69

128547 453329 887694 4853741

13.59 15.60 15.69 13.86

128532 443007 840670 4562343

13.57 13.99 13.48 13.09

120000 360000 600000 1260000

126892 432009 812770 2073343

10.92 12.24 12.11 9.15

128547 453329 887694 2620597

13.59 15.60 15.69 13.32

128532 443007 840670 2429660

13.57 13.99 13.48 11.98

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

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

`

`

February 28, 2018


Returns shown for Regular Plan - Growth Option





`


As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 10-Dec-2002 to 31-May-2007 and TRI values effective 31-May-2007.

As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from 24-Feb-2004 to 29-Jun-2007 and TRI values effective 29-Jun-2007.


26

HSBC Brazil Fund^

Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 600000 810000

139571 508306 743969 935932

31.92 23.82 8.55 4.23

142387 548518 854801 1124230

36.72 29.45 14.16 9.58

128512 443556 841655 1285027

13.56 14.08 13.53 13.48

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund^



3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 NA 480000

132499 455517 NA 618118

20.07 15.95 NA 12.71

134996 468915 NA 638474

24.21 18.01 NA 14.38

128542 443223 NA 615924

13.60 14.03 NA 12.52

HSBC Emerging Markets Fund^

Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 600000 1190000

136250 470871 792991 1775484

26.31 18.31 11.12 7.84

137523 479071 820322 2084101

28.45 19.54 12.49 10.90

128542 443262 840648 2276836

13.60 14.04 13.49 12.58


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

`

`

Data as on February 28, 2018






`

Performance of the respective benchmark is calculated as per the Total Return Index (TRI) Index returns reported as on 31 December 2017 were in USD, however thereturns are now converted to INR and these values have been sourced directly from Bloomberg.

^


27

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 600000 1340000

126040 459526 942859 3305107

9.55 16.56 18.16 15.29

128547 453329 887694 2876593

13.59 15.60 15.69 13.01

128532 443007 840670 2666349

13.57 13.99 13.48 11.75

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE -

S&PBSE -

Nifty 50 -

Nifty 50 -

$

Feb 28, 2018

India Infrastructure Index

India Infrastructure Index

( )`

120000 360000 600000 1440000

130138 474341 1009314 2795236

16.18 18.81 20.96 10.52

128209 476478 NA NA

13.05 19.13 NA NA

128532 443007 840670 3021560

13.57 13.99 13.48 21.51



`

`






`

Please Note : “NAmeans not available.$The benchmark of the scheme was changed from S&P BSE 200 to S&P BSE India Infrastructure Index with effect from 11th November, 2016 as a more suitable benchmarkwas identified which better matched the portfolio strategy. There has been no change to investment management of the scheme. Since, S&P BSE India Infrastructure Indexwas launched on May 19, 2014 and the historic index data prior to the said date is not available, wherever scheme’s corresponding benchmark returns are not available, thesame has not been provided.”


As TRI data is not available since Since Inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 PRI values from date 05-Jan-2007 to date 29-Jun-2007 and TRI values since date 29-Jun-2007.


28

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 NA 460000

126789 447995 NA 599104

10.77 14.78 NA 13.89

126913 441572 NA 587319

11.01 13.70 NA 12.76

128526 442822 NA 581545

13.58 13.97 NA 12.29

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


3Years

5Years

SinceInception


Scheme Returns (%)


SchemeBenchmarkReturns(%)



`

`

`

Market Value as on

Nifty 50 -

Nifty 50 -

Feb 28, 2018

(CRISIL Hybrid 35+65 - Aggressive Index)

(CRISILHybrid35+65-AggressiveIndex)

( )`

120000 360000 NA 460000

125714 437376 NA 584722

9.04 13.11 NA 12.58

125683 432949 NA 577063

8.99 12.40 NA 11.88

128526 442822 NA 581545

13.58 13.97 NA 12.29

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 600000 1540000

134612 502851 1199787 4536651

23.55 23.02 28.17 15.66

128766 486215 1067136 4298421

13.95 20.58 23.27 14.91

128532 443007 840670 3526815

13.57 13.99 13.48 12.15



`

`





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



`

Please Note : “NAmeans not available.* BSE vide its notification dated April 10, 2015 have notified change in the index composition of S&P BSE Midcap Index. As a result returns for the said benchmark are different when comparedto the historically published returns. The corresponding benchmark returns for inception of the scheme has not been provided, as the historical index data for S&P BSE Midcap Index is availableonly from Sept 16, 2005 whereas the inception date of the scheme is May 19, 2005.”



29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 NA 460000

121308 393895 NA 522389

2.05 5.95 NA 6.60

121214 404502 NA 535718

1.92 7.65 NA 7.89

128526 442822 NA 581545

13.58 13.97 NA 12.29

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

^ Date of Inception : 24 Feb 15


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

Market Value as on

MSCI AC World Index -

MSCI AC World Index -

Nifty 50 -

Nifty 50 -

Feb 28, 2018 ( )`

120000 360000 NA 360000

132513 443588 NA 443585

20.10 14.09 NA 14.09

131456 443588 NA 443381

18.35 14.09 NA 14.06

128542 443288 NA 443288

13.60 14.05 NA 14.05



`

`

Data as on , 2018February 28




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


`

Performance of the respective benchmark is calculated as per the Total Return Index (TRI) Index returns reported as on 31 December 2017 were in USD, however thereturns are now converted to INR and these values have been sourced directly from Bloomberg.

^

HSBC Monthly Income Plan (HMIP)An Open Ended Fund. 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 28 )

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIPExit Load

per unit


.02.18

Yield To Maturity*

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 2.13%Direct Plan 1.62%Excludes GST on Investment Management fees of 0.24% ofTotal NetAssets.

Asset Allocation

Government Securities 44.15%

Corporate/ PSU Debt 26.30%

Equity 24.96%


Cash Equivalents 2.15%



* Based on investedAmount

FUND PORTFOLIO

Corporate/ PSU Debt

Equity

Government Securities

Cash Equivalents

CBLO 280.53 1.10%




Corporate Bonds / Debentures

Equities

Power Grid Corporation of India 1,536.64 6.04% CRISIL AAANational Highways Authority of India 1,281.57 5.04% CRISIL AAAIndia Infradebt 1,006.09 3.95% CRISIL AAABajaj Finance 684.65 2.69% CRISIL AAAPower Finance Corporation 674.39 2.65% CRISIL AAATata Sons 494.21 1.94% CRISIL AAATata Sons 245.93 0.97% CRISIL AAACan Fin Homes 225.53 0.89% CARE AAAPower Grid Corporation of India 203.63 0.80% CRISIL AAANABARD 150.30 0.59% CRISIL AAANTPC 140.27 0.55% CRISIL AAAShriram Transport Finance Company 49.29 0.19% CRISIL AA+

HDFC Bank 546.42 2.15%ICICI Bank 469.66 1.85%IndusInd Bank 344.55 1.35%United Spirits 269.94 1.06%Maruti Suzuki India 267.03 1.05%MRF 231.18 0.91%Infosys 223.63 0.88%JM Financial 212.14 0.83%ITC 203.42 0.80%Finolex Cables 200.75 0.79%Hindustan Unilever 196.34 0.77%Sun Pharmaceutical Ind 194.33 0.76%InterGlobe Aviation 187.00 0.73%Nilkamal 186.07 0.73%Cholamandalam Investment & Fin Co 183.74 0.72%Torrent Pharmaceuticals 177.92 0.70%Mahindra & Mahindra 174.80 0.69%NCL Industries 171.79 0.67%Somany Ceramics 166.61 0.65%Exide Industries 165.92 0.65%The Federal Bank 158.34 0.62%OCL India 156.07 0.61%Galaxy Surfactants 149.19 0.59%Amara Raja Batteries 135.67 0.53%Crompton Greaves Cons Electrical 132.53 0.52%DCB Bank 131.20 0.52%Bharti Airtel 128.57 0.51%Heritage Foods Ltd 127.70 0.50%Balrampur Chini Mills 119.75 0.47%IPCA Laboratories 109.39 0.43%Indo Count Industries 102.15 0.40%Blue Star 96.71 0.38%Aditya Birla Fashion and Retail 34.97 0.14%

8.24% GOVT OF INDIA RED 15-02-2027 2,031.42 7.98% SOVEREIGN6.68% GOVT OF INDIA RED 17-09-2031 1,940.39 7.62% SOVEREIGN6.84% GOVT OF INDIA RED 19-12-2022 1,482.46 5.82% SOVEREIGN6.79% GOVT OF INDIA RED 15-05-2027 1,187.32 4.66% SOVEREIGN8.28% TAMIL NADU SDL RED 21-02-2028 1,101.32 4.33% SOVEREIGN7.17% GOVT OF INDIA RED 08-01-2028 865.80 3.40% SOVEREIGN8.39% RAJASTHAN SPL SDL RED 15-03-2024 703.74 2.76% SOVEREIGN6.57% GOVT OF INDIA RED 05-12-2033 685.70 2.69% SOVEREIGN8.60% GOVT OF INDIA RED 02-06-2028 604.36 2.37% SOVEREIGN8.39% RAJASTHAN SPL SDL RED 15-03-2021 290.53 1.14% SOVEREIGN8.28% RAJASTHAN SDL RED 21-02-2028 204.42 0.80% SOVEREIGN7.61% GOVT OF INDIA RED 09-05-2030 145.80 0.57% SOVEREIGN7.65% KARNATAKA SDL 29-11-2027 1.53 0.01% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Monthly Dividend

HSBC MIP - Monthly Dividend - Direct Plan

HSBC MIP - Quarterly Dividend

HSBC MIP - Quarterly Dividend - Direct Plan

26-Dec-17 0.07223 0.06692 13.323425-Jan-18 0.07223 0.06692 13.2060

26-Dec-17 0.07223 0.06692 16.538525-Jan-18 0.07223 0.06692 16.4257

27-Jun-17 0.21668 0.20075 13.738625-Sep-17 0.21668 0.20075 13.4921

27-Jun-17 0.21668 0.20075 14.644925-Sep-17 0.21668 0.20075 14.4199

26-Feb-18 0.07223 0.06692 12.8333

26-Feb-18 0.07223 0.06692 15.9933

26-Dec-17 0.21668 0.20075 13.4488

26-Dec-17 0.21668 0.20075 14.4157

Rating24-Feb-04

(CRISIL Hybrid 85+15 -Conservative Index)

34.6715

7.19 years

4.96 years

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

8.06%

26,285.94

Rating Profile

Sovereign 44.15%

AAAand equivalents 26.11%

Equity 24.96%


Reverse Repos/ CBLOs 2.15%

AA+/AA-/AAand equivalents 0.19%




Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Monthly Income Plan (HMIP)


• Regular Income over mediumterm

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

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

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

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

31

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.02.18

@

Weighted Average Monthly Total Expenses ratios(Annualized)Regular 1.84%Direct Plan 1.09%Excludes GST on Investment Management fees of 0.20% ofTotal NetAssets.

Asset Allocation







* Based on invested Amount

FUND PORTFOLIO

Corporate/ PSU Debt


Rural Electrification Corporation 497.85 9.99% CRISIL AAA

Tata Sons 296.53 5.95% CRISIL AAA

National Highways Authority of India 197.16 3.96% CRISIL AAA

Bajaj Finance 195.61 3.92% CRISIL AAA

Power Finance Corporation 192.68 3.87% CRISIL AAA

6.79% GOVT OF INDIA RED 15-05-2027 956.21 19.18% SOVEREIGN





8.39% RAJASTHAN SPL SDL RED 15-03-2024 201.07 4.03% SOVEREIGN

8.28% TAMIL NADU SDL RED 21-02-2028 200.24 4.02% SOVEREIGN




8.28% RAJASTHAN SDL RED 21-02-2028 37.17 0.75% SOVEREIGN


Cash Equivalents

CBLO 80.44 1.61%




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

27.1281

7.70 years

5.31 years

8.02%

5,063.77

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 66.62%









`

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

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

27-Jun-17 0.14445 0.13383 11.2759

25-Sep-17 0.14445 0.13383 11.1079

26-Dec-17 0.14445 0.13383 10.7434

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

32

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 28 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


.02.18

@


Regular 1.25%

Direct Plan 0.30%Excludes on Investment Management fees of 0.05% ofTotal NetAssets.

GST

Asset Allocation


Money Market Instruments 4.56%







FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt


Cash Equivalents

CBLO 1,061.64 0.69%

Reverse Repos 1,005.12 0.65%

Net Current Assets 4,252.18 2.74%

Total Net Assets as on 28-Feb-2018 1,53,540.75 100.00%

Certificate of Deposit


Zero Coupon Bonds

IndusInd Bank 2,336.44 1.52% CRISIL A1+

Small Industries Development Bk of India 2,332.90 1.52% CARE A1+

NABARD 2,330.19 1.52% CRISIL A1+

NABARD 9,796.53 6.38% CRISIL AAA

Rural Electrification Corporation 9,022.69 5.88% CARE AAA

Nabha Power 7,542.27 4.91% [ICRA]AAA

Nabha Power 7,481.48 4.87% [ICRA]AAA(SO)

Dewan Housing Finance Corporation 5,023.26 3.27% CARE AAA

Volkswagen Finance Pvt 4,994.21 3.25% Fitch AAA

Dalmia Cements (Bharat) 4,985.92 3.25% [ICRA]AA

Tata Capital Financial Services 4,972.62 3.24% [ICRA]AA+

Energy Efficiency Services 4,968.09 3.24% [ICRA]AA

Aditya Birla Finance 4,927.03 3.21% [ICRA]AA+


CLP Wind Farm India Pvt 4,015.13 2.62% Fitch AA

Small Industries Development Bk of India 3,924.00 2.56% CARE AAA

Shriram Transport Finance Company 2,496.48 1.63% CRISIL AA+

Orix Leasing & Financial Services 2,482.95 1.62% Fitch AAA


Power Finance Corporation 2,473.76 1.61% CRISIL AAA

Indian Railway Finance Corporation 2,467.83 1.61% CRISIL AAA





National Highways Authority of India 1,971.65 1.28% CRISIL AAA

India Infradebt 1,509.14 0.98% CRISIL AAA

Power Grid Corporation of India 1,024.43 0.67% CRISIL AAA

East North Interconnection Company 1,000.51 0.65% CRISIL AAA (SO)

Tata Capital Financial Services 498.89 0.32% CRISIL AA+

Cholamandalam Investment & Fin Co 350.44 0.23% [ICRA]AA

Tata Capital Housing Finance 350.41 0.23% CRISIL AA+

LIC Housing Finance 350.11 0.23% CARE AAA

Power Finance Corporation 321.39 0.21% CRISIL AAA

Power Grid Corporation of India 310.71 0.20% CRISIL AAA

Reliance Industries 263.11 0.17% CRISIL AAA

Small Industries Development Bk of India 240.73 0.16% CARE AAA

Power Finance Corporation 237.84 0.15% CARE AAA

Housing & Urban Development Corp 225.62 0.15% CARE AAA

Indian Railway Finance Corporation 97.95 0.06% CRISIL AAA

NABARD 10.01 0.01% CRISIL AAA

Sundaram BNP Paribas Home Finance 6,898.38 4.49% [ICRA]AA+


JM Financial Products 5,434.46 3.54% CRISIL AA



6.79% GOVT OF INDIA RED 15-05-2027 3,155.72 2.06% SOVEREIGN

8.28% TAMIL NADU SDL RED 21-02-2028 2,503.00 1.63% SOVEREIGN


8.03% UTTAR PRADESH SDL RED 02-06-2020 247.11 0.16% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

28.0956

2.14 years

1.76 years

8.25%

1,65,703.06

Sanjay Shah &

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile



Sovereign 4.23%








`

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-Nov-17 0.03763 0.03486 11.188025-Jan-18 0.02400 0.02224 11.1619

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

25-Sep-17 0.14445 0.13383 10.3838

25-Sep-17 0.14445 0.13383 10.413826-Dec-17 0.14445 0.13383 10.2960

26-Feb-18 0.01028 0.00953 11.1429

27-Feb-17 0.04637 0.04296 11.2799

27-Jul-15 0.05814 0.05387 12.0045

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

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

HSBC Income Fund - Short Term Plan - Quarterly Dividend

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


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over Mediumterm

• Investment in diversifiedportfolio of fixed incomesecurities

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


HSBC Cash Fund (HCF)An Open Ended Liquid Scheme

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

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 28 )


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


.02.18

@

Asset Allocation


Treasury Bill 8.84%






FUND PORTFOLIO



Commercial Paper

HDFC Bank 14,979.57 3.45% Fitch A1+

The Federal Bank 9,981.14 2.30% CRISIL A1+

The Federal Bank 9,976.02 2.30% CRISIL A1+

Ujjivan Small Finance Bank 9,972.77 2.30% CRISIL A1+

Ujjivan Small Finance Bank 9,954.41 2.29% CRISIL A1+

Axis Bank 9,889.70 2.28% CRISIL A1+

Yes Bank 9,835.72 2.26% [ICRA]A1+

Equitas Small Finance Bank 9,823.85 2.26% CRISIL A1+

The South Indian Bank 9,471.52 2.18% CARE A1+

AU Small Finance Bank 4,992.97 1.15% Fitch A1+

ICICI Bank 4,978.39 1.15% [ICRA]A1+

The South Indian Bank 2,494.85 0.57% CARE A1+

Axis Bank 2,466.48 0.57% [ICRA]A1+

ICICI Bank 497.75 0.11% [ICRA]A1+

SREI Equipment Finance 19,905.25 4.58% [ICRA]A1+

HDFC 14,824.17 3.41% CRISIL A1+

IL & FS Financial Services 14,692.07 3.38% CARE A1+

NABARD 10,000.00 2.30% CRISIL A1+

KEC International 9,992.84 2.30% Fitch A1+

Welspun India 9,978.12 2.30% CARE A1+

Dewan Housing Finance Corporation 9,959.49 2.29% CRISIL A1+

Future Retail 9,955.19 2.29% CARE A1+

Magma Fincorp 9,955.01 2.29% CRISIL A1+


Indostar Capital Finance 9,850.38 2.27% CRISIL A1+

Edelweiss Commodities Services 9,833.01 2.26% CRISIL A1+

National Fertilizers 7,961.26 1.83% [ICRA]A1+

Mahindra Rural Housing Finance 7,480.73 1.72% Fitch A1+

DHFL Vysya Housing Finance 7,480.33 1.72% CRISIL A1+

Edelweiss Housing Finance 7,468.34 1.72% CRISIL A1+

India Infoline Finance 7,460.11 1.72% [ICRA]A1+

STCI Finance 7,372.16 1.70% CRISIL A1+

STCI Finance 7,364.01 1.69% CRISIL A1+

Welspun India 4,992.68 1.15% CARE A1+

Dalmia Bharat Sugars and Ind 4,992.42 1.15% [ICRA]A1+

Capital First Home Finance 4,987.74 1.15% CARE A1+

Indiabulls Housing Finance 4,987.38 1.15% CRISIL A1+

Capital First Home Finance 4,986.93 1.15% CARE A1+


India Infoline Housing Finance 4,979.15 1.15% [ICRA]A1+


IIFL Wealth Finance 4,917.45 1.13% [ICRA]A1+

India Infoline Wealth Finance 4,915.26 1.13% [ICRA]A1+


Aditya Birla Finance 2,498.12 0.57% [ICRA]A1+

Kotak Mahindra Prime 2,493.46 0.57% CRISIL A1+

SREI Equipment Finance 2,486.53 0.57% [ICRA]A1+

JM Financial Services 2,454.18 0.56% [ICRA]A1+

JM Financial Services 2,453.64 0.56% [ICRA]A1+

317 DAYS TBILL RED 15-03-2018 25,938.62 5.97% SOVEREIGN



Treasury Bill

Cash Equivalents

CBLO 15,507.35 3.57%

Reverse Repos 14,681.73 3.38%


Total Net Assets as on 28-Feb-2018 4,34,465.73 100.00%

Issuer Market Value( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1715.3062

0.08 years

0.08 years7.01%

4,60,443.72

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment,

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile


Sovereign 8.84%








`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

26-Dec-17 3.61348 3.34782 1005.2533

25-Jan-18 3.89848 3.61187 1005.6479

25-Oct-17 3.90408 3.61706 1014.0370

27-Nov-17 4.21537 3.90546 1014.4680

26-Feb-18 4.18499 3.87732 1006.0446

26-Dec-17 3.67905 3.40857 1013.7255

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%

Excludes on Investment Management fees of 0.01% of TotalNetAssets.

GST

33

Investors understand that their principalwill be at low risk

Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

term• Invests in Money Market

Instruments

HSBC Cash Fund (HCF)


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

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

34

FUND DETAILS

Date of AllotmentBenchmark

NAV (Growth)(as on 28 )Average Maturity ofPortfolioModified Durationof PortfolioYield To Maturity*

Fund Managers

SIPMinimum ApplicationAmountSub Options

Exit Load

per unit


.02.18

@

Asset Allocation







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


FUND PORTFOLIO



Commercial Paper


Zero Coupon Bonds

HDFC Bank 4,993.19 7.93% Fitch A1+

ICICI Bank 4,911.11 7.80% [ICRA]A1+

Axis Bank 2,455.97 3.90% CRISIL A1+



Small Industries Development Bk of India 2,332.90 3.70% CARE A1+

NABARD 2,330.19 3.70% CRISIL A1+



Dewan Housing Finance Corporation 2,387.19 3.79% CRISIL A1+


Cholamandalam Investment & Fin Co 2,503.86 3.97% [ICRA]AA

Indiabulls Housing Finance 2,503.14 3.97% CARE AAA

CLP Wind Farm India Pvt 2,502.67 3.97% Fitch AA

Energy Efficiency Services 2,484.04 3.94% [ICRA]AA


Power Finance Corporation 2,477.53 3.93% CARE AAA

Aditya Birla Finance 2,463.52 3.91% [ICRA]AA+


Tata Capital Financial Services 1,995.57 3.17% CRISIL AA+

Small Industries Development Bk of India 981.00 1.56% CARE AAA

Rural Electrification Corporation 977.54 1.55% CARE AAA

East North Interconnection Company 749.65 1.19% CRISIL AAA (SO)


Corporate/ PSU Debt

Cash Equivalents

CBLO 1,024.44 1.63%


Net Current Assets 1,044.03 1.66%


IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

15.1311

0.88 years

0.77 years7.73%

60,877.69

Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)

Nil

`

`

`

Rating Profile











`

HSBC Ultra Short Term Bond Fund - Institutional Option - Monthly Dividend

HSBC Ultra Short Term Bond Fund - Monthly Dividend - Direct Plan

HSBC Ultra Short Term Bond Fund - Institutional Plus Option - Monthly Dividend

26-Dec-17 0.01880 0.01742 10.1528

25-Jan-18 0.03091 0.02863 10.1696

26-Dec-17 0.02393 0.02217 10.3628

25-Jan-18 0.03638 0.03370 10.3801

26-Feb-18 0.03729 0.03455 10.3813

26-Feb-18 0.03143 0.02912 10.1703

28-Jan-11 0.04829 0.04501 10.3821

25-Feb-11 0.04125 0.03845 10.3741

25-Mar-11 0.05214 0.04859 10.3865



Regular 1.00%

Direct Plan 0.20%


Investors understand that their principalwill be at Moderately Low risk

Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

Market Instruments

HSBC Ultra Short Term Bond Fund (HUSBF)


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

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

35

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


.02.18

@

Asset Allocation








FUND PORTFOLIO

Corporate/ PSU Debt


Rural Electrification Corporation 1,991.40 7.11% CRISIL AAA

Tata Sons 1,680.32 6.00% CRISIL AAA

Bajaj Finance 1,564.92 5.59% CRISIL AAA


National Highways Authority of India 1,478.73 5.28% CRISIL AAA



8.53% BIHAR SDL RED 30-03-2022 2,040.09 7.29% SOVEREIGN



8.39% RAJASTHAN SPL SDL RED 15-03-2024 1,608.55 5.75% SOVEREIGN



8.28% TAMIL NADU SDL RED 21-02-2028 1,201.44 4.29% SOVEREIGN


8.28% RAJASTHAN SDL RED 21-02-2028 223.00 0.80% SOVEREIGN



Cash Equivalents

CBLO 806.91 2.88%




IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

22.3090

6.89 years

4.78 years

8.00%

28,467.73

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 62.20%










`

HSBC Flexi Debt Fund - Regular Option - Monthly Dividend

HSBC Flexi Debt Fund - Institutional Option - Monthly Dividend

HSBC Flexi Debt Fund - Monthly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Quarterly Dividend

HSBC Flexi Debt Fund - Institutional Option - Quarterly Dividend

HSBC Flexi Debt Fund - Quarterly Dividend - Direct Plan

HSBC Flexi Debt Fund - Regular Option - Half Yearly Dividend

HSBC Flexi Debt Fund - Institutional Option - Half-yearly Dividend

HSBC Flexi Debt Fund - Half-yearly Dividend - Direct Plan

26-Apr-13 0.05836 0.04973 10.4949

31-May-13 0.11214 0.10740 10.6718

28-Jun-13 0.03263 0.03125 10.4175

25-Nov-16 0.32168 0.29803 11.0304

27-Jun-17 0.01324 0.01227 10.6036

25-Jun-15 0.18057 0.16729 11.8869

28-Sep-15 0.18057 0.16729 11.9644

27-Mar-17 0.18057 0.16729 11.8718

27-Jun-17 0.14445 0.13383 11.9288

27-Jun-17 0.18057 0.16729 12.4254

25-Sep-17 0.18057 0.16729 12.2547

15-Mar-13 0.35236 0.30201 11.6629

26-Sep-16 0.36113 0.33458 12.5188

27-Mar-17 0.36113 0.33458 12.2875

25-Sep-17 0.36113 0.33458 12.1555

26-Sep-16 0.36113 0.33458 11.9179

27-Mar-17 0.36113 0.33458 11.7165

25-Jul-17 0.04532 0.04199 10.6481

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-Sep-17 0.36113 0.33458 11.6099

25-Sep-17 0.18057 0.16729 11.7832

26-Dec-17 0.18057 0.16729 11.8705

14-Sep-12 0.35236 0.30201 11.4315



Regular 1.60%Direct Plan 0.85%

Excludes on Investment Management fees of 0.15% of TotalNetAssets.

GST


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


36

HSBC Monthly Income Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

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

Sanjay Shah (from 09 January 2009)

Sanjay Shah (from 09 January 2009) & Kapil Punjabi (from 23 December 2016)

Kapil Punjabi (from 14 March 2014)

Kapil Punjabi (from 18 October 2014)

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 18 years of experience in research and fund management

HSBC Asset Management (India) Private Ltd

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

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

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 11 years of experience in research and Fund Management

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

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

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

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

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

�

�

�

�

�

Funds Managed by Sanjay Shah (for Debt portion) (Total Schemes Managed 10)Aditya Khemani (for Equity portion) (Total Schemes Managed 2)Funds Managed by

HSBC Monthly Income Plan Date of Inception : 24 Feb 04


HSBC Monthly Income Plan - Growth

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

Crisil 1 Year T-Bill Index (Standard Benchmark)


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

10,000, if invested in , wouldhave become

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


`

`

`

`

CRISIL Hybrid 85+15 - Conservative Index

4.92% 5.74% 9.08% 9.27%

6.62% 7.96% 9.57% 8.16%

5.65% 6.96% 7.05% 5.96%

-1.45% 5.54% 5.84% 5.19%

10,492 11,823 15,440 34,680

10,662 12,582 15,796 30,049

10,565 12,238 14,056 22,532

9,855 11,757 13,281 20,327

` ` ` `

` ` ` `

` ` ` `

` ` ` `


Returns are of growth option. The returns for the respective periods are provided as on Last business day of February 2018 for the respective Schemes. Returns above 1 year areCompounded Annualized. Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific timeperiod, 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-visreturns indicated above. Different plans shall have a different expense structure. The performance details provided herein are of other than Direct plan.

Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

`

Fund Manager Wise Comparative Performance of Debt Schemes

37


Funds Managed by - Sanjay Shah (Total Schemes Managed 10)

Funds Managed by - Sanjay Shah (Total Schemes Managed 10)

The said Fund is managed by Effective (14 August 2009)Sanjay Shah

The said Fund is managed by Effective (09 January 2009)Sanjay Shah


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


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


HSBC Income Fund - Investment Plan - Growth

Crisil Composite Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

0.44% 4.54% 6.05% 6.77%

4.25% 7.60% 8.26% 6.64%

-1.45% 5.56% 5.84% 5.73%

10,044 11,428 13,416 27,120

10,425 12,463 14,874 26,621

9,855 11,766 13,284 23,364

` ` ` `

` ` ` `

` ` ` `


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


`

`

`

1.19% 5.01% 6.70% 8.02%

4.25% 7.60% 8.26% 7.58%

-1.45% 5.56% 5.84% 6.34%

10,119 11,583 13,832 22,307

10,425 12,463 14,874 21,380

9,855 11,766 13,284 18,952

` ` ` `

` ` ` `

` ` ` `




Fund Manager Wise Comparative Performance of Debt Schemes

38


Funds Managed by Sanjay Shah (Total Schemes Managed 10)

Funds Managed by Kapil Punjabi (Total Schemes Managed 3)

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


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

4.89% 6.95% 7.67% 7.02%

5.67% 7.77% 8.49% 7.08%

5.65% 6.96% 7.05% 5.92%

10,489 12,238 14,473 28,103

10,567 12,522 15,033 28,344

10,565 12,241 14,061 24,011

` ` ` `

` ` ` `

` ` ` `


@ Pursuant to SEBI circular dated Sept 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single plan structure. Since there was nocontinuous NAV history available for the surviving Plan prior to 19 May 2011, returns since the said date have been considered for calculating performance. The inception date ofHSBC Cash Fund however is 4 December 2002.

The returns for the respective periods are provided as on . Returns above 1 year are Compounded Annualized.Standard benchmark is prescribed by SEBI and is used for comparison purposes. Returns on 10,000 are point-to-point returns for the specific time period, invested at the start 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 returns indicated above. Differentplans shall have a different expense structure. The performance details provided herein are of other than Direct plan.Scheme count for the total schemes managed by the Fund Managers does not include closed ended scheme.

Last business day of February 2018 for the respective Schemes`

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

$ Pursuant to SEBI circular dated Sept. 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single plan structure.Since there was nocontinuous NAV history available for the surviving Plan prior to 1 October 2012, returns since the said date have been considered for calculating performance. The inception date ofHSBC Ultra Short Term Bond Fund however is 17 October 2006.

HSBC Cash Fund@ Date of Inception: 04 Dec 02

Scheme Name & Benchmarks 1 Year 3 Years 5 Years SinceInception

HSBC Cash Fund - Growth

Crisil Liquid Fund Index (SchemeBenchmark)

Crisil 91 Day T-Bill Index (StandardBenchmark)

`

`

`

10,000, if invested in HCF, would havebecome

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

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

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


HSBC Ultra Short Term Bond Fund - Growth



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



`

`

`


Last 7 Daysas on 28Feb 2018



6.63% 6.66% 6.62% 6.68% 7.41% 8.11% 8.28%

6.85% 6.82% 6.98% 6.68% 7.36% 8.08% 8.16%

6.38% 6.50% 6.62% 6.36% 7.03% 7.69% 7.78%

10,013 10,027 10,054 10,668 12,395 14,774 17,157

10,013 10,028 10,057 10,668 12,380 14,750 17,029

10,012 10,027 10,054 10,636 12,267 14,486 16,629

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


Funds Managed by - Kapil Punjabi (Total Schemes Managed 3)

Funds Managed by - Kapil Punjabi (Total Schemes Managed 3)



The said Fund is managed by Effective (23 December 2016)Kapil Punjabi

The said Fund is managed by Effective (18 October 2014)Kapil Punjabi

The said Fund is managed by Effective (14 March 2014)Kapil Punjabi

5.94% 7.18% 7.97% 7.95%

6.57% 7.41% 8.12% 8.10%

5.65% 6.96% 7.05% 7.11%

10,594 12,317 14,676 15,134

10,657 12,397 14,778 15,249

10,565 12,241 14,061 14,508

` ` ` `

` ` ` `

` ` ` `


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

39

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

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

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

invested).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

022-49146254

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

HSBCAsset Management (India) Private Limited,

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

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

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

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

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

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

31 BBD Bagh, Dalhousie Square, Kolkata - 700001.

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

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

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

Chandigarh: SCO 1, Sector 9 D, Chandigarh-160017.

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

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