The Asset · The central bank however hinted that it will continue with an accommodative policy stance and considered inflation target of 6% in January 2016 achievable. The key aspects

The AssetFactsheet – December 2015

Index

Fund Manager Commentary

HSBC Equity Fund

HSBC India Opportunities Fund

HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Managed Solutions India - Growth

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India - Conservative

Fund Managers - Equity

Comparative Performance of Equity Schemes

HSBC MIP - Savings Plan

HSBC MIP - Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Floating Rate Fund - Long Term Plan

HSBC Cash Fund

HSBC Dynamic Fund

HSBCAsia Pacific (Ex Japan) Dividend Yield Fund

HSBC Global Consumer Opportunities Fund

SIP Performance of Equity Schemes

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

Fund Managers - MIP & Debt

Comparative Performance of MIP & Debt Schemes

Section II - How to read Factsheet

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18

Economic Indicator

Food prices driving inflation

Source:

Index of Industrial Production (IIP) surges ahead

The Consumer Price Index (CPI) inflation rose to 5.4% year-on-year (YoY) in November 2015 from 5% in October 2015,

marginally above expectations, led by higher food prices. Food price inflation rose to 6.1% from 5.2%, while core CPI (ex-

petrol, diesel) inflation was unchanged at 5.4% for the fourth consecutive month. Inflation in key services such as health and

education remained sticky at above 5%, while personal care prices fell sequentially on lower gold prices.

The Wholesale Price Index (WPI) deflation eased less than expected to -2.0% (YoY) in November 2015 from -3.8% in October

2015 driven by a significant sequential pick-up in food prices and waning of base effects on fuel inflation. The upside surprise in

the November 2015 WPI inflation was largely concentrated in food. The broad-based food price pressure likely reflects the

adverse impact of weak monsoons.

Industrial production growth surged in October 2015, to 9.8% vs 3.8% in September 2015. This was driven largely by base

effect and also due to timing of Diwali festival. Even after adjusting for statistical factors, there is reasonable traction in IIP

growth sequentially and the underlying trend remains in the range of 4.5-5% , indicating a gradual industrial recovery.

Consumer durables and capital goods growth (on the back of strong capex spending by the government) continued to drive the

industrial recovery.

Manufacturing activity continued its uptrend, picking up substantially on a YoY basis, to 10.6% in October 2015 as against 2.9%

in September 2015. Mining sector also picked up to 4.7%, mainly led by a sharp sequential uptick seen in coal production in

October 2015. Electricity, on the other hand, moderated to 9.0% from 11.4% in September 2015.

Bloomberg; Central Statistical Organization (CSO)

Source: Bloomberg; Central Statistical Organization (CSO)


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CPI Inflation (%)

Consumer Price Index (CPI)

-4.0%

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6.0%

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10.0%

12.0%

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/15

Index of Industrial Production (IIP)

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

Government's fiscal deficit under control

External

Global Economic Scenario

Equity Market Update

Fiscal deficit continues to remain better than previous year with April-November 2015 deficit at 87% of budgeted estimate against 99% last year.

Government has been able to garner high excise duty on back of lower crude prices and saving on subsidy outgo as well.As a result total receipts

for the government increased whereas total expenditure remained flat. Lower collection in direct taxes and challenging divestment targets

remains a concern. Government has re-iterated its commitment to follow fiscal deficit target for the year and may tweak forward consolidation path

due to additional burden from pay commission and One Rank One Pension.

India's monthly trade deficit remained expectedly benign at USD 9.8 billion in November 2015. The anticipated rise in gold imports played out, with

gold and silver imports jumping to USD 3.8 billion in November 2015 from USD 2 billion in October 2015. Equally, however, oil imports expectedly

fell – reflecting lower prices in November 2015 – partially offsetting the gold increase.

Current Account Deficit (CAD) came at USD 8.2 billion for 3QFY16, close to expectations. It widened marginally on quarter-on-quarter (QoQ)

basis on the back of higher gold imports. However, it declined on YoY basis as trade deficit numbers were lower compared to the previous year.

Balance of Payments slipped in deficit owing to decline in net capital inflows across Foreign Direct Investment (FDI), portfolio flows and banking

capital.

CY15 turned out to be a contrasting year on the institutional flows front, that saw the best ever year for domestic net inflows, but the weakest year

for foreign institutional net inflows since 2011. The Domestic Institutional Investors (DIIs) notched up record net inflows to the tune of ~USD 10.2

billion during CY15, entirely contributed by the domestic MF segment at ~USD 11.2 billion of net inflows (domestic insurers saw net outflows to

the tune of ~USD 971 million). The Foreign Institutional Investors (FIIs) notched up net inflows worth ~USD 3.3 billion during the year, way below

the figure for CY14 at ~USD 16.2 billion.

Finally, after what could be the most discussed economic events, the US Federal Reserve decided to raise the interest rates by 25 basis points

(bps) and embarked on a process of normalisation putting an end to a long standing overhang for the global markets. This could be the beginning

of what can be a gradual rate hiking process spread over a longer time frame. The short term focus, however still will be on when the second rate

hike will come, but for the longer term, the critical question will be the one related to the pace of the policy rate increases. As expected, the

statement highlighted continued improvement in the labour market and that the stance of monetary policy remains “accommodative”. While the

path for the policy rate will be data-dependent, the committee expects only “gradual” increases will be warranted. Elsewhere in Europe, the

European Central Bank (ECB) announced five main policy changes, including a cut to the deposit rate by 10bps to a historic low of -0.3%, leaving

the other two policy rates unchanged. They also announced that the Asset Purchase Programme (APP) would be extended by six months until

March 2017, but that monthly purchases would be maintained at EUR 60 billion a month.

December 2015 was a quiet month for the equity markets and ended a lackluster year of equity performance. On a full year basis i.e., calendar

year 2015 (CY15), the market indices BSE Sensex and Nifty were down ~5% and ~4% respectively. Interestingly, the BSE Midcap and Smallcap

indices outperformed the market indices and gained ~10% & ~6% during 2015 and is now trading at a premium to the large cap indices.

The winter session of the parliament disappointed and it concluded without passing the key Goods and Services Tax (GST) bill due to disruption

by the opposition parties. This has certainly moved the implementation calendar for this important tax legislation with the best case scenario

pointing towards a FY18 roll-out. In an expected move, the Reserve Bank of India (RBI) kept the key policy rates unchanged during its bi-monthly

monetary policy meet in December 2015. The central bank however hinted that it will continue with an accommodative policy stance and

considered inflation target of 6% in January 2016 achievable. The key aspects that the RBI would be closely monitoring are commodity prices

especially that of food & oil, external developments, fiscal consolidation in the light of the 7th pay commission, effective transmission of lending

rates and the ongoing clean-up of bank balance sheets. Impact of the external newsflows were limited on the Indian markets during the month.

Notwithstanding the lingering concerns, the keenly followed US Federal Reserve (Fed) rate hike decision did not impact the Indian equity market

sentiments adversely. From a domestic macro data point perspective, the Index of Industrial Production (IIP) growth for October 2015 surprised

positively with a significant growth of 9.8% YoY, marking a five year high for this data point. This spike was on account of the shifting of the festival

season compared to last year and hence was largely expected but the final data point came higher than market expectations.

Market indices S&P BSE Sensex and Nifty moved by -0.1% and +0.1% respectively, while the BSE Midcap & Smallcap indices once again

outperformed the larger cap ones by gaining 1.4% & 1.7% respectively during December 2015.

Trade number remained flat

Data on Institutional Flows:

Source: Bloomberg; Bombay Stock Exchange (BSE)


02

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

BSESensex

BSE 100 BSE 200 BSE 500 BSEMidCap

BSESmallCap

-Indices Performance December 2015

03

Equity Market – Outlook

Debt Market – Update

Debt Market – Outlook

The macro narrative over CY15 was one of softening inflation and weak growth. India is one of the very few Emerging Markets (EM) to have

weathered the currency crisis well – it is now on the path of recovery. The macro adjustment process along with a weaker external environment and

below par agriculture / rural growth has meant that recovery of growth in 2015 was weaker than expected. Into CY2016, we expect a modest

recovery, driven early by better margins – aided by lower input and interest costs – and subsequently a volume recovery. Government led investment

spending and urban consumption are likely to lead with private sector investments and rural consumption lagging.

The policy environment continues to be a mixed one. The Government has done a fair bit to improve the investment environment but remains

constrained on reforms requiring legislative action, as they lack numbers in the Upper House of the Parliament. However, progress on reform will be a

pre-requisite for the market valuations to expand further. The growth trajectory is showing initial signs of recovery with a pickup in capex (led by public

capex) and discretionary consumer spending. Capex data continues to show robust growth in public projects under implementation, while private

projects under implementation lingers in its recovery. On the consumption front, discretionary consumer spending has been holding up better, with

passenger car sales improving. However, the continued weakness in external demand and slowdown in rural consumption spending (with a reduction

in the Government's redistribution policies) are holding back the pace of recovery.

While the near term outlook remains challenging, we can find comfort in the fact that one can never time the markets. If we see further correction in the

markets, the risk reward situation is likely to turn more in the favour of Indian equities. With expectation of earnings growth recovery going forward, the

market may look pretty attractive on a 2-3 year basis. We continue to believe that India is relatively much better placed in comparison to its emerging

market peers that are more export and commodity producing and hence may turn out to be a preferred investment destination for global institutional

investors.

Bond markets traded in a very narrow range of 10 basis points (bps) for the month of December 2015. It opened positive for the month, as monetary

policy continues to remain accommodative and announcement of Open Market Operation (OMO) purchase by the Reserve Bank of India (RBI).

However, lower than expected stimulus by European Central Bank (ECB) and disappointing OMO results (as the RBI accepted only low duration

securities from the market drifted yields upwards). The securities were tendered below cutoffs thereby reflecting the overhang of duration held by

market participants. Demand Supply dynamics continue to be unfavourable as there is a structural shift downwards in Held To Maturity (HTM) and

Statutory Liquidity Ratio (SLR) required to be held by PSU Banks.

Post US Federal Reserve (Fed) interest rate hike (an event out of the way ), yields edged lower and traded close to 7.70%. However, markets went

into negative zone later on owing to comments from Finance Ministry Official regarding probable delay in fiscal consolidation due to pay revision and

OROP implementation. Supply concerns and shortfall in divestment target took yields further up with 10 years closing the month at 7.76% against

7.79%.

State Development Loans (SDL) auction calendar was announced for the January – March 2016 quarter, indicating a borrowing amount of INR 1000

billion i.e. an increase of INR 250 billion over the expected amount and is INR 500 billion higher as compared to the previous financial year.

Corporate bond maintained spreads against respective gilt with bulk of activity concentrated in 3-5 years segment. Banks issued Tier II bonds to raise

capital to the extent of INR 88 billion which was entirely absorbed by end investors.

Overnight rates remained above the benchmark rate on the back of higher government balances despite of pro-active liquidity management by the

RBI. Money market levels were capped owing limited supply and rolling over requirement of mutual funds.

Growth with eye on the inflation target is the focus of the RBI now. With credit growth still in single digit and with capital infusion by the government, it is

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

Policy rates being reduced by 125 bps during the calendar year 2015, emphasis will now shift to reduction in other rates in the economy viz., small

savings rate and bank lending rates that have not reduced commensurately.

With overnight at 6.75%, 10 year gilt at around 7.75% levels present good value. Government securities supply will taper after January 2016, which

will also coincide with demand from traders, insurance and provident funds apart from scheduled Foreign Portfolio Investors (FPI) limit in first week of

January 2016. This may provide a good opportunity with limited downside. With ample liquidity and credit offtake at its low, it makes sense for

investors to continue to invest in duration.

Source: Reserve Bank of India (RBI)

Source: Bloomberg, for all data except where mentioned otherwise


4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

10.00%

Ju

l/0

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No

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Repo Rate Movement

Repo Rate

04


Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Telecommunication

Utilities

Sectors HSBCEquityFund

HSBC IndiaOpportunities

Fund

HSBCMidcap

Equity Fund #

Overweight Underweight Neutral

# The S&P BSE Midcap Index was reconstituted in mid of April ’2015 and hence the relative sector positioning of the fund vs. the benchmark has changed.

Review: HSBC Equity FundBeing overweight consumer discretionary and underweight consumer staples, industrials helped performance while being overweight

information technology, telecommunication and underweight utilities hurt performance.

Review: HSBC India Opportunities FundBeing overweight consumer discretionary, financials, health care, industrials and underweight materials helped performance while being

overweight information technology and underweight energy, utilities hurt performance.

Review: HSBC Midcap Equity FundBeing overweight consumer discretionary, industrials, information technology and underweight consumer staples, financials, healthcare

helped performance while being overweight energy, materials and underweight utilities hurt performance.

Review: HSBC Infrastructure Equity Fund

Currently focusing on the following themes :

1. Economic Reforms (22.98%) which includes Financial sector reform– 9.77% and Oil & Gas Sector deregulation sub theme- 13.21% and

2. Infrastructure (59.65%) which includes Power- 12.32%, Construction– 31.64% and Logistics- 15.69%. Well diversified exposure across

sectors encompassing the above themes.

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

Review: HSBC MIP Regular and Savings PlansOur current exposure is 14.88% in HMIP Regular and 24.03% in HMIP Savings. Currently it is more biased towards large caps than mid or

small caps

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

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

05

FUND DETAILS

Weighted Average Monthly Total Expenses ratios(Annualized)

Portfolio Turnover

Regular 2.45%

Direct Plan 1.69%

0.89

Excludes service tax on Investment Management fees of 0.24%of Total NetAssets.

Asset Allocation

Auto 7.40%AutoAncillaries 2.59%Banks 26.56%Cement 1.04%Construction 2.21%Construction Project 3.85%Consumer Non Durables 6.20%Ferrous Metals 1.17%Finance 5.97%Minerals/Mining 2.47%Pesticides 2.62%Petroleum Products 3.04%Pharmaceuticals 7.56%Services 1.95%Software 16.31%Telecom - Services 2.55%Textile Products 3.42%Other Equity Investments 0.88%Reverse Repos/CBLOs 2.10%Net CurrentAssets 0.11%Total NetAssets 100.00%

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

@ Effective from March 1, 2013 for prospective investments.

**Risk free rate: 7.03% (FIMMDA-NSE Mibor) as on December31, 2015)

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

FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement

Construction

Construction Project

Consumer Non Durables

Ferrous Metals

Finance

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Services

Software

Telecom - Services

Textile Products

Other Equity Investments 584.78 0.88%

Cash Equivalents

CBLO 1,405.85 2.10%

Net Current Assets 81.05 0.11%

Total Net Assets as on 31-Dec-2015 66,789.02 100.00%

Tata Motors 3,326.05 4.98%

Maruti Suzuki India 1,617.68 2.42%

MRF 996.94 1.49%

Motherson Sumi Systems 732.88 1.10%

HDFC Bank 5,951.83 8.91%

ICICI Bank 3,658.90 5.48%

Yes Bank 3,012.07 4.51%

Axis Bank 2,694.60 4.03%

Indusind Bank 2,422.38 3.63%

Ultratech Cement 695.14 1.04%

J.kumar Infraprojects 1,474.01 2.21%

Voltas 1,297.20 1.94%

Larsen & Toubro 1,275.45 1.91%

ITC 3,278.00 4.91%

Hindustan Unilever 862.75 1.29%

Jindal Steel & Power 779.63 1.17%

Bajaj Finance 2,403.98 3.60%

HDFC 1,579.69 2.37%

Coal India 1,649.00 2.47%

UPL 1,752.40 2.62%

Reliance Industries 2,029.20 3.04%

Sun Pharmaceutical Industries 1,558.29 2.33%

Divi's Laboratories 1,154.85 1.73%

Glenmark Pharmaceuticals 921.90 1.38%

Lupin 734.90 1.10%

Dr. Reddy's Laboratories 683.89 1.02%

Aditya Birla Nuvo 1,300.29 1.95%

Infosys 4,974.30 7.45%

HCL Technologies 2,565.30 3.84%

Tata Consultancy Services 2,436.85 3.65%

Tech Mahindra 912.89 1.37%

Bharti Airtel 1,702.00 2.55%

Welspun India 2,282.13 3.42%

IssuerMarket Value

( in Lacs)`

% to NetAssets

Dividend DeclarationRecord Date / periodof dividend declared

Dividend ( per unit)Non-Institutional

` Dividend ( per unit)Institutional

` NAV ( ) per unit(cum dividend)

`

HSBC Equity Fund - Dividend

22-Feb-13 2.50000 2.50000 26.1962

27-Jun-14 2.50000 2.50000 31.2065

22-Feb-13 2.50000 2.50000 26.2505

27-Jun-14 2.50000 2.50000 31.5845

10-Nov-15 3.70000 3.70000 30.0806

10-Nov-15 3.70000 3.70000 29.4046

HSBC Equity Fund - Dividend - Direct Plan

Date of Allotment

Benchmark

NAV (Growth)(as on 31.12.15)

Monthly Average AUM

(In Lakhs)

Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

@

Statistical Ratios

10-Dec-02

S&P BSE 200

143.6752

65,836.35

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.03%

`

`

`

0.9840

0.0829

Investors understand that their principalwill be at Moderately High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

This product is suitable forinvestors who are seeking*:

• To create wealth over longterm

• Investment in equity andequity related securities

HSBC Equity Fund (HEF)

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

HSBC India Opportunities Fund (HIOF)

This product is suitable for investors who are seeking*:

�

�

�

Overnight liquidity over short term

Investment in Money Market Instruments

Low riskLOW RISK

(BLUE)

Note: Risk is represented as -

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

06

FUND DETAILS


Portfolio Turnover

Regular 2.46%

Direct Plan 1.74%

0.56


Asset Allocation

Auto 7.31%

AutoAncillaries 2.69%

Banks 24.61%

Chemicals 1.75%

Construction 5.51%

Construction Project 1.23%

Consumer Non Durables 3.67%

Ferrous Metals 1.44%

Finance 4.29%

Industrial Products 1.91%

Minerals/Mining 1.85%

Pesticides 1.84%

Petroleum Products 1.89%

Pharmaceuticals 8.35%

Software 14.97%

Telecom - Services 1.90%

Textile Products 7.35%

Other Equity Investments 6.13%

Reverse Repos/CBLOs 1.75%

Net CurrentAssets -0.44%

Total NetAssets 100.00%

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

(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Chemicals

Construction



Ferrous Metals

Finance

Industrial Products

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Software

Telecom - Services

Textile Products

Other Equity Investments 3,286.61 6.13%

Cash Equivalents

CBLO 939.52 1.75%

Net Current Assets -237.11 -0.44%


Tata Motors 1,780.42 3.32%

Eicher Motors 1,348.44 2.52%

Maruti Suzuki India 785.73 1.47%

Apollo Tyres 781.00 1.46%

Motherson Sumi Systems 659.59 1.23%

HDFC Bank 4,328.60 8.07%

Yes Bank 2,467.72 4.60%

ICICI Bank 2,352.15 4.39%

Axis Bank 2,110.77 3.94%

Indusind Bank 1,937.90 3.61%

Vinati Organics 936.60 1.75%

Ahluwalia Contracts (India) 832.65 1.55%

IRB Infrastructure Developers 730.95 1.36%

KNR Constructions 710.63 1.33%

MBL Infrastructures 683.25 1.27%

Power Mech Projects 659.95 1.23%

ITC 1,966.80 3.67%

Jindal Steel & Power 770.00 1.44%

Bajaj Finance 1,502.49 2.80%

Sks Microfinance 798.73 1.49%

Supreme Industries 1,022.18 1.91%

Coal India 989.40 1.85%

UPL 985.73 1.84%

Reliance Industries 1,014.60 1.89%

Glenmark Pharmaceuticals 1,152.38 2.15%

IPCA Laboratories 927.38 1.73%

Torrent Pharmaceuticals 870.99 1.62%

Divi's Laboratories 866.14 1.62%

Aurobindo Pharma 656.96 1.23%

Infosys 3,482.01 6.50%

HCL Technologies 2,052.24 3.83%

Tata Consultancy Services 1,705.80 3.18%


Bharti Airtel 1,021.20 1.90%


Arvind 1,074.60 2.00%

Indian Terrain Fashions 816.75 1.52%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC India Opportunities Fund - Dividend

HSBC India Opportunities Fund - Dividend Direct Plan

27-Jun-14 1.50000 1.50000 23.2323

17-Mar-15 2.70000 2.70000 27.0820

27-Jun-14 1.50000 1.50000 23.5020

17-Mar-15 1.50000 1.50000 27.5575

10-Nov-15 1.50000 1.50000 21.8624

10-Nov-15 1.50000 1.50000 23.4738

An Open Ended Flexi-Cap Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Feb-04

S&P BSE 500

62.1298

52,832.79

Neelotpal Sahai

Available

10,000

1,000 p.m.(SIP)

Nil

4.35%

1.0260

0.2092

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities acrossmarket capitalisations

HSBC India Opportunities Fund (HIOF)


HSBC Midcap Equity Fund (HMEF)


�

�

�



Low riskLOW RISK

(BLUE)



07

FUND DETAILS


Portfolio Turnover

Regular 2.54%

Direct Plan 1.81%

0.57


Asset Allocation


(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Chemicals

Construction


Consumer Durables


Finance

Industrial Capital Goods

Industrial Products

Media & Entertainment

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products

Textiles - Synthetic

Other Equity Investments 3,369.35 8.61%

Cash Equivalents

CBLO 253.65 0.65%



Vst Tillers Tractors 779.41 1.99%


Ceat 925.23 2.37%

Vinati Organics 1,471.27 3.76%

Navin Fluorine International 493.68 1.26%


National Buildings Construction Corp 685.72 1.75%


Power Mech Projects 1,253.91 3.21%

Mirza International . 1,651.67 4.22%

CCL Products (India) 1,455.59 3.72%

Motilal Oswal Financial Services 1,456.25 3.72%

Cholamandalam Investment & Fin Co. 1,452.20 3.71%

Dewan Housing Finance Corporation 790.44 2.02%

Indiabulls Housing Finance 629.88 1.61%

Sanghvi Movers 1,439.82 3.68%

Inox Wind 949.21 2.43%

Beml 542.87 1.39%

Ramkrishna Forgings 972.00 2.49%

Finolex Industries 673.36 1.72%

Jagran Prakashan 897.39 2.29%

Hindustan Media Ventures 781.61 2.00%

UPL 1,362.49 3.48%

PI Industries 926.68 2.37%

Hindustan Petroleum Corporation 1,212.49 3.10%

Gulf Oil Lubricants India 996.09 2.55%

Aurobindo Pharma 1,406.90 3.60%

Wockhardt 1,070.09 2.74%

Torrent Pharmaceuticals 573.94 1.47%

Kalpataru Power Transmission 415.02 1.06%

Sonata Software 1,060.43 2.71%


Arvind 859.68 2.20%


Sarla Performance Fibers . 1,070.87 2.74%

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Midcap Equity Fund - Dividend

11-Dec-09 1.00 1.00 13.8927

19-Nov-10 2.00 2.00 15.4864

10-Nov-15 2.50 2.50 20.1838

An Open Ended Diversified Equity Scheme

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

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

19-May-05

S&P BSE Midcap

40.3819

38,471.53

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

6.23%

1.1245

0.2407

`

`

`


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 1.99%


Chemicals 5.02%

Construction 5.13%


Consumer Durables 4.22%


Finance 11.06%

Industrial Capital Goods 7.50%


Media & Entertainment 4.29%

Pesticides 5.85%



Power 1.06%

Software 2.71%


Textiles - Synthetic 2.74%



Net CurrentAssets 0.60%


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

Monthly Average AUM

(In Lakhs)

(Slope)

@

Statistical Ratios

23-Feb-06

S&P BSE 200

17.3776

11,789.61

Dhiraj Sachdev

Available

10,000

1,000 p.m.(SIP)

Nil

7.52%

1.4563

0.0892

`

`

`


Portfolio Turnover

Regular 2.66%

Direct Plan 1.95%

0.16


Asset Allocation


Banks 4.47%

Cement 4.50%

Construction 17.04%


Ferrous Metals 1.96%

Finance 4.53%

Gas 2.28%

Industrial Capital Goods 10.37%



Oil 1.45%


Power 10.87%

Transportation 12.31%






(absolute)




FUND PORTFOLIO

Auto Ancillaries

Banks

Cement

Construction


Ferrous Metals

Finance

Gas


Industrial Products

Minerals/Mining

Oil

Petroleum Products

Power

Transportation


Cash Equivalents

CBLO 212.94 1.78%



Jammu & Kashmir Bank 332.86 2.78%

Karnataka Bank 202.54 1.69%

Everest Industries 539.98 4.50%

National Buildings Construction Corp 844.11 7.04%



KNR Constructions 226.65 1.89%


Larsen & Toubro 127.55 1.06%

Jindal Saw 234.94 1.96%

Rural Electrification Corporation 543.72 4.53%

Gujarat State Petronet 273.80 2.28%

Beml 715.29 5.96%

Inox Wind 269.66 2.25%

Sanghvi Movers 259.61 2.16%

Fag Bearings India 1,024.45 8.54%

Gujarat Mineral Development Corporation 225.11 1.88%

Aban offshore 173.66 1.45%

Hindustan Petroleum Corporation 882.19 7.36%

Indian Oil Corporation 287.99 2.40%

Power Grid Corporation of India 388.16 3.24%

Reliance Infrastructure 345.41 2.88%

PTC India 214.51 1.79%

Adani Transmission 184.50 1.54%

JSW Energy 170.10 1.42%

Gateway Distriparks 574.56 4.79%

Adani Ports & Special Economic Zone 464.40 3.87%

Gujarat Pipavav Port 437.48 3.65%


IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Infrastructure Equity Fund Dividend

11-May-07 1.00 1.00 12.2390

26-May-08 1.00 1.00 13.7160

An Open Ended Equity Scheme

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

Investors understand that their principalwill be at High risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Infrastructure Equity Fund (HIEF)


HSBC Tax Saver Equity Fund (HTSF)

09

FUND DETAILS

Date of Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

05-Jan-07

S&P BSE 200

26.4451

17,140.60

Aditya Khemani

Available

500

(Lumpsum & SIP)

Nil

4.53%

1.0503

0.1770

`

`


Portfolio Turnover

Regular 2.59%

Direct Plan 1.89%

0.53


Asset Allocation

Auto 6.23%AutoAncillaries 3.92%Banks 24.88%Cement 4.32%Construction Project 3.66%Consumer Non Durables 4.75%Finance 4.81%Industrial Capital Goods 2.56%Industrial Products 1.90%Minerals/Mining 1.42%Non - Ferrous Metals 1.97%Oil 1.64%Pesticides 1.13%Petroleum Products 1.54%Pharmaceuticals 4.65%Services 2.42%Software 11.67%Textile Products 11.03%Transportation 3.84%Other Equity Investments 0.83%Reverse Repos/CBLOs 1.25%Net CurrentAssets -0.42%Total NetAssets 100.00%


(absolute)




FUND PORTFOLIO

Auto

Auto Ancillaries

Banks

Cement



Finance


Industrial Products

Minerals/Mining

Non - Ferrous Metals

Oil

Pesticides

Petroleum Products

Pharmaceuticals

Services

Software

Textile Products

Transportation


Cash Equivalents

CBLO 218.28 1.25%



Tata Motors 548.82 3.15%


MRF 417.92 2.40%


HDFC Bank 1,255.29 7.20%

Axis Bank 734.28 4.21%

ICICI Bank 701.72 4.02%

Indusind Bank 678.27 3.89%

Federal Bank 365.19 2.09%


State Bank of India 280.56 1.61%

The Ramco Cements 425.69 2.44%




ITC 544.47 3.12%

Kaveri Seed Company 284.11 1.63%

LIC Housing Finance 461.23 2.64%

HDFC 379.13 2.17%

Crompton Greaves 446.02 2.56%


Coal India 247.35 1.42%

Hindustan Zinc 344.49 1.97%

Oil & Natural Gas Corporation 285.27 1.64%

UPL 197.15 1.13%

Reliance Industries 268.87 1.54%


Sun Pharmaceutical Industries 336.26 1.93%

Aditya Birla Nuvo 422.59 2.42%

Infosys 970.54 5.56%

Tata Consultancy Services 723.74 4.15%

HCL Technologies 342.04 1.96%

Welspun India 693.18 3.97%

Arvind 490.73 2.81%

SRF 389.53 2.23%




IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC Tax Saver Equity Fund Dividend

HSBC Tax Saver Equity Fund Dividend Direct

19-Feb-10 1.00000 1.00000 12.8713

17-Oct-14 1.50000 1.50000 22.1053

17-Mar-15 2.50000 2.50000 23.9029

17-Oct-14 1.50000 1.50000 22.4083

17-Mar-15 2.50000 2.50000 24.3256

An Open Ended Equity Linked Savings Scheme (ELSS)

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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

related securities with nomarket capitilastion bias

HSBC Tax Saver Equity Fund (HTSF)


HSBC Dynamic Fund (HDF)

10

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

24-Sep-07

S&P BSE 200

13.3699

5,575.26

Neelotpal Sahai

(for Equity portion)

Sanjay Shah

(for Fixed Income portion)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

3.08%

0.7471

0.0390


Portfolio Turnover

Regular 2.68%

Direct Plan 1.98%


0.71

Asset Allocation

Auto 7.33%

Banks 17.15%

Cement 1.48%



Finance 5.15%


Pesticides 2.06%



Power 2.55%

Software 10.38%

Telecom - Services 2.05%






(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Scheme

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

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

Auto

Banks

Cement



Finance

Minerals/Mining

Pesticides

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services


Cash Equivalents

CBLO 1,163.86 20.63%





HDFC Bank 389.57 6.91%

ICICI Bank 235.22 4.17%

Axis Bank 179.64 3.18%

Yes Bank 163.31 2.89%



Voltas 81.08 1.44%

ITC 275.35 4.88%

Asian Paints 106.03 1.88%


Colgate Palmolive (India) 58.37 1.03%

HDFC 290.66 5.15%

Coal India 98.94 1.75%

UPL 116.10 2.06%



Glenmark Pharmaceuticals 147.50 2.61%

Cipla 87.72 1.55%

Power Grid Corporation of India 143.97 2.55%

Infosys 331.62 5.88%



Bharti Airtel 115.74 2.05%


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



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

HSBC Dynamic Fund (HDF)


HSBC Dividend Yield Equity Fund (HDYEF)


�

�

�



Low riskLOW RISK

(BLUE)



11

FUND DETAILS

Date of Allotment

Benchmark


Fund Managers

SIP

Minimum

Application Amount

Exit Load

Standard Deviation

Beta (Slope)

Sharpe Ratio**

per unit

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

21-Mar-07

S&P BSE 200

15.7677

3,921.42

Gautam Bhupal &

Amaresh Mishra

Available

10,000

1,000 p.m.(SIP)

Nil

4.12%

0.9977

0.0826

`

`

`


Portfolio Turnover

Regular 2.33%

Direct Plan 1.63%

0.26


Asset Allocation

Auto 5.03%


Banks 21.05%

Cement 1.72%

Chemicals 1.51%

Construction 2.43%



Finance 2.96%


Non - Ferrous Metals 2.57%

Oil 2.82%



Power 3.49%

Software 19.85%







(absolute)



FUND PORTFOLIO

IssuerMarket Value

( in Lacs)`

% to NetAssets

An Open Ended Equity Scheme

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

equities and equity related securities of domestic Indian companies.

Auto

Auto Ancillaries

Banks

Cement

Chemicals

Construction



Finance

Minerals/Mining

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Textile Products


Cash Equivalents

CBLO 64.15 1.61%



Hero Motocorp 136.05 3.41%


MRF 122.82 3.08%

ICICI Bank 308.65 7.74%

Karur Vysya Bank 162.52 4.08%

Axis Bank 157.19 3.94%

HDFC Bank 151.50 3.80%


ACC 68.71 1.72%

Tata Chemicals 60.22 1.51%



ITC 252.77 6.34%


Indiabulls Housing Finance 117.87 2.96%

Coal India 217.67 5.46%


Oil & Natural Gas Corporation 112.41 2.82%

Bharat Petroleum Corporation 124.92 3.13%


Lupin 99.69 2.50%


NTPC 138.94 3.49%

Infosys 302.99 7.60%


Wipro 122.62 3.08%

Eclerx Services 113.76 2.85%




Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


term• Invests in equity and equity

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

HSBC Dividend Yield Equity Fund (HDYEF)


HSBC Emerging Markets Fund (HEMF)


�

�

�



Low riskLOW RISK

(BLUE)



12

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%

(inclusive of underlying scheme's expenses)


Asset Allocation

Overseas Mutual Fund 97.67%





(absolute)




FUND PORTFOLIO

Overseas Mutual Fund

Cash Equivalents

CBLO 24.86 2.92%


Total Net Assets as on 31-Dec-2015 850.32 100.00%

HSBC GIF Glob Emerg Mkts Eq S1 Dis 830.47 97.67%

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

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

17-Mar-08

MSCI EmergingMarkets Index

9.7979

866.43

Anitha Rangan(Dedicated fund

manager foroverseas

investments)

Available

10,000

1,000 p.m.(SIP)

Nil

4.12%

1.0930

-0.0680

`

`

` Dividend DeclarationRecord Date / periodof dividend declared




`

HSBC - Emerging Market Fund - Dividend

HSBC - Emerging Market Fund - Dividend - Direct Plan

27-Jun-14 0.50000 0.50000 11.5335

27-Jun-14 0.50000 0.50000 11.6656


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Investment in equity andequity related securities ofEmerging economies

HSBC Emerging Markets Fund (HEMF)


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


�

�

�



Low riskLOW RISK

(BLUE)



13

FUND DETAILS


Regular 2.28%

Direct Plan 1.58%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 43.18 2.31%



HSBC GIF ASIA PACIFIC EX JAPAN EQ HD-S9D 1,862.22 99.48%

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 Allotment

Benchmark


Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit

Monthly Average AUM

(In Lakhs)

@

24-Feb-14

MSCI AC Asia Pacific

ex Japan

9.6755

1,903.72

Anitha Rangan (foroverseas investments),

Sanjay Shah (forinvestments in Indian

Market)

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`


RiskometerRiskometer

Mod

erately

Mod

erately ModerateModerate

Low

Low

Hig

hH

igh

Low

Low

HighHigh

LOWLOW HIGHHIGH

Moderately

Moderately



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

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


HSBC Brazil Fund (HBF)


�

�

�



Low riskLOW RISK

(BLUE)



14

FUND DETAILS


Regular 2.69%

Direct Plan 1.99%



Asset Allocation






(absolute)



FUND PORTFOLIO


Cash Equivalents

CBLO 91.83 4.31%



HSBC GIF BRAZIL EQUITY S3D 2,088.68 98.04%

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

Monthly Average AUM

(In Lakhs)

@

Statistical Ratios

06-May-11

MSCI Brazil 10/40 Index

4.1683

2,309.97

Anitha Rangan(Dedicated fund

manager for overseasinvestments)

Available

10,000

1,000 p.m.(SIP)

Nil

8.14%

0.8910

-0.2530

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately



• Invests in equity and equityrelated securities throughfeeder route in Brazilianmarkets

HSBC Brazil Fund (HBF)


HSBC Managed Solutions India - Growth (HMSG)


�

�

�



Low riskLOW RISK

(BLUE)



15

FUND DETAILS


Regular 2.31%

Direct Plan 2.04%


Excludes service tax on Investment Management fees of 0.00%of Total Net Assets and of 0.22% on the underlying scheme's inwhich the fund of fund invests.

Asset Allocation

Mutual Fund 98.92%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 150.99 1.14%



HSBC Equity Fund - Growth Direct 7,249.18 54.56%

HSBC Midcap Equity Fund - Growth Direct 2,386.33 17.96%

HSBC Income Fund Inv Plan Growth Direct 1,331.26 10.02%

HSBC Income Fund Short Term - Growth Direct 1,112.99 8.38%

HSBC Flexi Debt Fund Growth Direct 1,062.33 8.00%

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)

@

30-Apr-14

Composite Index constituting80% of S&P BSE 200 Index

and 20% of CRISILBond Index

12.8155

13,145.06

Anitha Rangan (DedicatedFund Manager for investments

in foreign securities)

Gautam Bhupal (For managinginvestments in Indian Market –

Equity Portion)

Sanjay Shah (For managinginvestments in Indian Market –

Fixed Income Portion)

Available

5,000

1,000 p.m.(SIP)

Nil

Composite

`

`

`


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth over long term

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

HSBC Managed Solutions India - Growth


HSBC Managed Solutions India - Moderate (HMSM)


�

�

�



Low riskLOW RISK

(BLUE)



16

FUND DETAILS


Regular 2.19%

Direct Plan 1.94%



Asset Allocation

Mutual Fund 99.74%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents

CBLO 460.50 2.10%



HSBC

HSBC

HSBC

HSBC

HSBC

Equity Fund - Growth Direct 9,599.34 43.81%

Income Fund Short Term - Growth Direct 4,218.20 19.25%

Flexi Debt Fund Growth Direct 3,754.73 17.13%

Midcap Equity Fund - Growth Direct 2,495.55 11.39%

Income Fund Inv Plan Growth Direct 1,788.81 8.16%

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)

@

30-Apr-14

CRISIL Balanced Fund Index

12.4924

22,396.65


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

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

`

`

`


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• To create wealth and provideincome over the long term

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

HSBC Managed Solutions India - Moderate


HSBC Managed Solutions India - Conservative (HMSC)


�

�

�



Low riskLOW RISK

(BLUE)



17

FUND DETAILS


Regular 1.58%

Direct Plan 1.33%



Asset Allocation

Mutual Fund 99.09%





FUND PORTFOLIO

Mutual Fund

Cash Equivalents



HSBC Income Fund Short Term - Growth Direct 13,401.02 42.87%

HSBC Flexi Debt Fund Growth Direct 10,812.67 34.59%

HSBC Equity Fund - Growth Direct 2,938.52 9.40%

HSBC Income Fund Inv Plan Growth Direct 2,051.45 6.56%

L&T Triple Ace Bond Fund Direct Growth 996.27 3.19%

HDFC Income Fund Direct Plan - Growth 776.59 2.48%


CBLO 447.07 1.43%

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

Monthly Average AUM

(In Lakhs)

@

30-Apr-14

Composite Index constitutingof 90% into CRISIL Composite

Bond Index and 10% of S&PBSE 200 Index

11.8399

31,355.03


in foreign securities)(For managing

investments in Indian Market –

Equity Portion)



Available

5,000

1,000 p.m.(SIP)

Nil

`

Gautam Bhupal

`

`

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

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

Investors understand that their principalwill be at Moderate risk

Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC Managed Solutions India - Conservative


HSBC Global Consumer Opportunities Fund -(HGCOF)

Benefiting from China’sGrowing Consumption Power

18

FUND DETAILS


Regular 2.34%

Direct Plan 1.64%



Asset Allocation






FUND PORTFOLIO


Cash Equivalents

CBLO 39.83 2.95%



HSBC GIF-CHINA CONSUMER OPP S5 CAP 1,359.50 100.64%

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

Monthly Average AUM

(In Lakhs)

@

23-Feb-15

MSCI AC World Index

9.4417

1,415.48

Anitha Rangan (DedicatedFund Manager) & Sanjay Shah

(for investments in IndianMarket)

Available

,000

1,000 p.m.(SIP)

Nil

`

`

`

5


Riskometer

M

oderately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

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

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

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



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Low riskLOW RISK

(BLUE)



19

HSBC Equity Fund


HSBC Midcap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Dividend Yield Equity Fund

HSBC Dynamic Fund

HSBC Emerging Markets Fund

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Managed Solutions

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

Neelotpal Sahai (from 27 May 2013)

Neelotpal Sahai (from 27 May 2013)

Dhiraj Sachdev (from 01 December 2009)

Dhiraj Sachdev (from 01 December 2009)

Aditya Khemani (from 24 February 2009)

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

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

Anitha Rangan (from 18 October 2014)

Anitha Rangan (from 18 October 2014)

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

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

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

Gautam Bhupal(from 21 Oct 2015)

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

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 19 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 & Assistant Fund Manager Equities

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

Over 11 years of experience in areas of research and Fund Management.

HSBC Asset Management (India) Private LimitedVice President - June 8, 2015 till date.

Fund Manager for PMS Portfolios from July 2008 till June 5, 2015.

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

Experience:

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Investment Management (Equity Analyst) since



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Low riskLOW RISK

(BLUE)



20

Neelotpal Sahai

Senior Vice President & Fund Manager - Equities

B.Tech, PGDM (IIM Kolkata)

Over 24 years of experience in Research and Fund Management.

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

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

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

Infosys LtdSenior Project Manager from June 1999 to March 2005

Vickers Ballas Securities LtdAnalyst from September 1998 to June 1999

SBC WarburgAnalyst from May 1997 to May 1998

UTI Securities LtdEquity Analyst from June 1995 to May 1997

Experience:

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Aditya Khemani

Vice President & Fund Manager - Equities

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

Over 10 years experience in research.

HSBC Asset Management (India) Private Ltd

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

SBI Funds Management India Private Ltd

Senior Manager - Equity Research from March 2007 to September 2007

Prudential ICICI Asset Management Company India Private Ltd

Assistant Manager - Equity Research from December 2005 to February 2007

Morgan Stanley Advantage Services India Private Ltd

Research Associate from May 2005 to November 2005

Experience:

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Amaresh Mishra

Vice President & Assistant Fund Manager

Post Graduate Diploma in Business Manager Management

Bachelor of Engineering (Chemical)

Over 11 years of experience in Equities & Sales


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

Centre for Science and Environment

Trainee Researcher from July 2001 to July 2002

Experience:

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Anitha Rangan

Vice President - Fixed Income

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

Over 9 years of experience in areas of research and risk


Associate Vice President - Investment Management, from February 2013 onwards

CRISIL Limited

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

Nomura Structured Financial Services

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

Lehman Brothers Structured Financial Services Analyst

Credit Research, from June 2006 to November 2008

Ambattur Clothing Limited

Executive - October 2002 to March 2004

Experience:

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Funds Managed by Neelotpal Sahai.

HSBC Equity Fund Date of Inception : 10 Dec 02

Scheme Name & Benchmarks Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

SinceInception

HSBC Equity Fund - Growth

S&P BSE 200 (Scheme Benchmark)

Nifty 50 (Standard Benchmark)

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

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

10,000, if invested in , would have become

`

`

` Nifty 50

-3.16% 34.81% 2.45% 22.63%

-1.62% 35.39% 3.45% 18.08%

-11.97% 31.44% 5.93% 16.64%

9,684 13,481 10,245 1,44,481

9,838 13,539 10,345 88,133

8,803 13,144 10,593 75,021

` ` ` `

` ` ` `

` ` ` `


HSBC Dynamic Fund

Date of Inception : 24 Feb 04

Date of Inception : 24 Sep 07

Scheme Name & Benchmarks


SinceInception

SinceInception

HSBC India Opportunities Fund - Growth


(Standard Benchmark)

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



Nifty 50

Nifty 50

`

`

`

HSBC Dynamic Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

-2.27% 54.68% 7.15% 16.65%

-1.03% 36.77% 2.32% 13.98%

-11.97% 31.44% 5.93% 13.23%

9,773 15,468 10,715 62,156

9,897 13,677 10,232 47,183

8,803 13,144 10,593 43,644

` ` ` `

` ` ` `

` ` ` `

-0.07% 27.18% -1.92% 3.57%

-1.62% 35.39% 3.45% 6.09%

-11.97% 31.44% 5.93% 5.93%

9,993 12,718 9,808 13,371

9,838 13,539 10,345 16,313

8,803 13,144 10,593 16,114

` ` ` `

` ` ` `

` ` ` `

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


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


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

`

`


Funds Managed by - Anitha Rangan.

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08

Scheme Name & Benchmarks SinceInception

HSBC Emerging Markets Fund - Growth

MSCI Emerging Market Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

-15.41% 1.53% 1.35% -0.26%

-8.02% 2.55% 0.92% 0.30%

-11.97% 31.44% 5.93% 7.56%

8,459 10,153 10,135 9,798

9,198 10,255 10,092 10,236

8,803 13,144 10,593 17,650

` ` ` `

` ` ` `

` ` ` `


21

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

HSBC Brazil Fund

HSBC Asia Pacific (Ex Japan) DividendYield Fund

Date of Inception : 06 May 11



Scheme Name & Benchmarks Jan 15 - Dec 15

SinceInception

Since Inception

HSBC Brazil Fund - Growth

MSCI Brazil 10/40 Index (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

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

MSCI AC Asia Pacific ex Japan (Scheme Benchmark)


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

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


Nifty 50

Nifty 50

`

`

`

-41.35% -17.24% -10.57% -17.14%

-42.11% -15.48% -17.24% -21.97%

-11.97% 31.44% 5.93% 8.00%

5,865 8,276 8,943 4,164

5,789 8,452 8,276 3,147

8,803 13,144 10,593 14,317

` ` ` `

` ` ` `

` ` ` `

-6.62% -1.77%

-11.97% -5.69%

-11.97% 14.50%

9,338 9,675

8,803 8,973

8,803 12,850

` `

` `

` `

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


Data for the period January to December has been considered in all cases, except for ‘Since Inception’ returns. ‘Since Inception’ (%) returns are compoundedannualised, other % returns are simple annualised. ‘Since inception’ returns are calculated on 10 invested at inception. Standard benchmark is prescribed bySEBI 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. Thereturns provided above have been rounded off and hence there may be minor differences between point-to-point returns vis-a-vis returns indicated above.

`

`


Fund Managed by Gautam Bhupal and Amaresh Mishra.

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


HSBC Dividend Yield Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

-3.30% 41.17% -2.05% 5.32%

-1.62% 35.39% 3.45% 9.35%

-11.97% 31.44% 5.93% 8.87%

9,670 14,117 9,795 15,770

9,838 13,539 10,345 21,946

8,803 13,144 10,593 21,113

` ` ` `

` ` ` `

` ` ` `


22

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

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

`

`

`

0.21% 52.10% 2.14% 11.42%

-1.62% 35.39% 3.45% 8.20%

-11.97% 31.44% 5.93% 7.98%

10,021 15,210 10,214 26,453

9,838 13,539 10,345 20,309

8,803 13,144 10,593 19,953

` ` ` `

` ` ` `

` ` ` `

Fund Managed by - Aditya Khemani.


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


Funds Managed by - Dhiraj Sachdev.

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


HSBC Infrastructure Equity Fund - Growth



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



Nifty 50

Nifty 50

`

`

`

-5.57% 84.83% -20.30% 5.77%

-1.62% 35.39% 3.45% 10.35%

-11.97% 31.44% 5.93% 10.16%

9,443 18,483 7,970 17,380

9,838 13,539 10,345 26,405

8,803 13,144 10,593 25,957

` ` ` `

` ` ` `

` ` ` `

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

`

`

`

9.56% 83.70% -4.44% 10.70%

6.73% 53.96% -6.84% 9.66%

-11.97% 31.44% 5.93% 11.66%

10,956 18,370 9,556 28,492

10,673 15,396 9,316 25,856

8,803 13,144 10,593 31,143

` ` ` `

` ` ` `

` ` ` `



23

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

`

`

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

HSBC Managed Solutions - Growth

HSBC Managed Solutions - Moderate - Growth

HSBC Managed Solutions - Conservative - Growth

Date of Inception : 30 Apr 14






Jan 15 -Dec 15

Jan 15 -Dec 15

Jan 15 -Dec 15

SinceInception

SinceInception

SinceInception

HSBC Managed Solutions - Growth - Growth

Customised Benchmark Index Fund (Scheme Benchmark)*

(Standard Benchmark)Nifty 50

Crisil 10 Year Gilt Index (Standard Benchmark)

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

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

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

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

`

`

`

`

HSBC Managed Solutions - Moderate - Growth

Crisil Balanced Fund Index (Scheme Benchmark)



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

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



Nifty 50

Nifty 50

`

`

`

`

HSBC Managed Solutions - Conservative - Growth




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




Nifty 50

Nifty 50

`

`

`

`

2.15% 16.00%

0.43% 14.00%

-11.97% 10.78%

7.53% 11.06%

10,215 12,821

10,043 12,452

8,803 11,870

10,753 11,919

` `

` `

` `

` `

3.67% 14.24%

0.47% 11.27%

-11.97% 10.78%

7.53% 11.06%

10,367 12,497

10,047 11,958

8,803 11,870

10,753 11,919

` `

` `

` `

` `

5.79% 10.63%

7.60% 11.76%

-11.97% 10.78%

7.53% 11.06%

10,579 11,843

10,760 12,045

8,803 11,870

10,753 11,919

` `

` `

` `

` `

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




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

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


24

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

`

`

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 Dec. 31, 2015 ( )

Scheme Returns (%)

Scheme Benchmark ( )

Scheme Benchmark Returns (%)

Standard Benchmark ( )

Standard Benchmark Returns (%)

`

`

`

`

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -


Scheme Returns (%)





`

`

`

`


S&P BSE 500 -

S&P BSE 500 -

Nifty 50 -

Nifty 50 -


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1570000

115192 418309 771939 4410183

-7.34 10.00 10.02 14.69

116134 426946 798289 3975160

-5.92 11.40 11.37 13.27

114473 409009 765215 3788053

-8.43 8.47 9.67 12.61

120000 360000 600000 1430000

115630 470578 906555 3438038

-6.68 18.20 16.52 13.87

116929 432591 805632 2953461

-4.71 12.30 11.74 11.55

114473 409009 765215 2857294

-8.43 8.47 9.67 11.04

120000 360000 600000 1000000

116592 410505 737923 1339833

-5.22 8.72 8.21 6.88

116134 426946 798289 1539163

-5.92 11.40 11.37 10.10

114473 409009 765215 1477054

-8.43 8.47 9.67 9.14

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

The returns are calculated by XIRR approach assuming investment of 10000/- on the 1st working day of every month. XIRR helps in calculating return on investments givenan initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions. Data as on December 31, 2015.

`

`


Returns shown for Regular Plan - Growth Option





26

HSBC Brazil Fund Date of Inception : 06 May 11

Scheme Name & Benchmarks 1Year

3Years

5Years

SinceInception


Market Value as on ( )

Scheme Returns (%)





`

`

`

`

Dec. 31, 2015

MSCI Brazil 10/40 Index -

MSCI Brazil 10/40 Index -

Nifty 50 -

Nifty 50 -

120000 360000 NA 550000

87988 198800 NA 283796

-45.32 -34.98 NA -27.55

87432 199393 NA 272335

-46.03 -34.82 NA -29.84

114473 409009 NA 695674

-8.43 8.47 NA 10.21

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI AC Asia Pacific ex Japan -

MSCI AC Asia Pacific ex Japan -

Nifty 50 -

Nifty 50 -

120000 NA NA 220000

112644 NA 205815

-11.19 NA NA -6.81

108532 NA NA 193608

-17.26 NA NA -12.77

114473 NA NA 221325

-8.43 NA NA 0.63

NA

HSBC Emerging Markets Fund Date of Inception : 17 Mar 08


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


MSCI Emerging Market Index -

MSCI Emerging Market Index -

Nifty 50 -

Nifty 50 -

120000 360000 600000 930000

106884 318173 556578 943127

-19.67 -7.87 -2.95 0.36

110181 337593 577409 968733

-14.86 -4.14 -1.51 1.04

114473 409009 765215 1374252

-8.43 8.47 9.67 9.86



`

`






27

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


3Years

5Years

SinceInception



Scheme Returns (%)





`

`

`

`

Dec. 31, 2015

S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1080000

117687 467382 920582 2087068

-3.55 17.72 17.15 14.14

116134 426946 798289 1701457

-5.92 11.40 11.37 9.81

114473 409009 765215 1634919

-8.43 8.47 9.67 8.96

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1190000

113260 494981 880380 1724231

-10.25 21.82 15.33 7.27

116134 426946 798289 1967358

-5.92 11.40 11.37 9.80

114473 409009 765215 1894764

-8.43 8.47 9.67 9.08

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE 200 -

S&P BSE 200 -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1060000

115480 429402 795604 1567486

-6.91 11.79 11.23 8.63

116134 426946 798289 1661772

-5.92 11.40 11.37 9.90

114473 409009 765215 1596021

-8.43 8.47 9.67 9.02



`

`






28

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


3Years

5Years

SinceInception



Scheme Returns (%)





`

`

`

`

Dec. 31, 2015

Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 200000

119461 NA NA 208625

-0.83 NA NA 4.93

117920 NA NA 204896

-3.16 NA NA 2.79

114473 NA NA 208396

-8.43 NA NA -0.84

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Crisil Balanced Fund Index -

Crisil Balanced Fund Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 200000

120781 NA NA 210455

1.21 NA NA 5.97

118134 NA NA 203823

-2.86 NA NA 2.19

114473 NA NA 208396

-8.43 NA NA -0.84

HSBC Midcap Equity Fund Date of Inception : 19 May 05


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


S&P BSE Midcap -

S&P BSE Midcap -

Nifty 50 -

Nifty 50 -

120000 360000 600000 1280000

124868 600937 1129792 2749538

7.61 36.29 25.61 13.66

123723 505277 923081 2388288

5.80 23.31 17.26 11.20

114473 409009 765215 2197296

-8.43 8.47 9.67 9.74



`

`




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



29

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


3Years

5Years

SinceInception


Scheme Returns (%)





`

`

`

`


Customised Benchmark Index* -

Customised Benchmark Index -

Nifty 50 -

Nifty 50 -

120000 NA NA 200000

122686 NA NA 212347

4.19 NA NA 7.05

124169 NA NA 215429

6.51 NA NA 8.79

114473 NA NA 208396

-8.43 NA NA -0.84



`

`



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

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

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

30

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.12.15)

Average Maturity ofPortfolio

Modified Duration

of Portfolio

Fund Managers

SIPMinimum ApplicationAmountGrowthQuarterly DividendMonthly DividendSIP

Exit Load

per unit

Monthly Average AUM(In Lakhs)

@


Regular 2.31%Direct Plan 1.81%Excludes service tax on Investment Management fees of 0.00%of Total NetAssets.

Asset Allocation

Government Securities 45.17%

Equity 24.03%

Corporate/ PSU Debt 19.34%

Cash Equivalents 5.31%

Money Market Instruments 4.46%




FUND PORTFOLIO

Money Market Instruments

Corporate/ PSU Debt

EQUITY

Government Securities

Cash EquivalentsCBLO 1,175.03 5.31%Net Current Assets 377.15 1.69%Total Net Assets as on 31-Dec-2015 22,145.94 100.00%

Certificate of Deposit

Corporate Bonds / Debentures

Equities

Canara Bank 986.91 4.46% CRISIL A1+

Rural Electrification Corporation 1,046.67 4.73% CARE AAAPower Finance Corporation 1,000.24 4.52% CRISIL AAAIndia Infradebt 699.72 3.16% CRISIL AAAPower Grid Corporation of India 610.96 2.76% CRISIL AAALIC Housing Finance 505.60 2.28% CRISIL AAAHDFC 299.36 1.35% CRISIL AAAPower Finance Corporation 120.20 0.54% CRISIL AAA

HDFC Bank 398.23 1.80%Maruti Suzuki India 256.52 1.16%Tata Consultancy Services 248.56 1.12%Welspun India 226.19 1.02%Infosys 221.08 1.00%ICICI Bank 201.89 0.91%Axis Bank 198.95 0.90%IndusInd Bank 198.63 0.90%LIC Housing Finance 193.82 0.88%Crompton Greaves 186.48 0.84%ITC 172.10 0.78%The Ramco Cements 171.64 0.78%Larsen & Toubro 159.43 0.72%Gateway Distriparks 155.16 0.70%Power Mech Projects 148.49 0.67%Ultratech Cement 147.37 0.67%IPCA Laboratories 138.74 0.63%Sun Pharmaceuticals Ind 127.12 0.57%SRF 126.47 0.57%Arvind 125.37 0.57%Aditya Birla Nuvo 117.81 0.53%HDFC 113.74 0.51%Tata Motors 105.65 0.48%Coal India 105.54 0.48%The Federal Bank 105.28 0.48%Tech Mahindra 104.33 0.47%Apollo Tyres 98.41 0.44%Adani Ports & Special Economic Zone 91.32 0.41%Karur Vysya Bank 91.06 0.41%State Bank of India 80.80 0.36%Kaveri Seed Company 80.67 0.36%MRF 79.76 0.36%Finolex Industries 78.17 0.35%Oil & Natural Gas Corp 66.48 0.30%Hindustan Zinc 66.11 0.30%The Jammu & Kashmir Bank 49.41 0.22%Dr. Reddy's Laboratories 43.52 0.20%Hindustan Dorr-Oliver 38.36 0.17%Arvind Infrastructure 3.01 0.01%

8.40% GOVT OF INDIA RED 28-07-2024 2,883.25 13.02% SOVEREIGN8.24% GOVT OF INDIA RED 10-11-2033 1,765.59 7.97% SOVEREIGN7.88% GOVT OF INDIA RED 19-03-2030 1,688.78 7.63% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 1,413.03 6.38% SOVEREIGN7.95% GOVT OF INDIA RED 28-08-2032 1,091.20 4.93% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 907.27 4.10% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 248.28 1.12% SOVEREIGN8.17% GOVT OF INDIA RED 01-12-2044 5.05 0.02% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Savings Plan - Monthly Dividend

HSBC MIP - Savings Plan - Monthly Dividend - Direct Plan

HSBC MIP - Savings Plan - Quarterly Dividend

HSBC MIP - Savings Plan - Quarterly Dividend - Direct Plan

26-Oct-15 0.06862 0.06357 13.583226-Nov-15 0.06862 0.06357 13.3530

26-Oct-15 0.06862 0.06357 14.500326-Nov-15 0.06862 0.06357 14.2670

25-Jun-15 0.20946 0.19406 13.626828-Sep-15 0.19501 0.18067 13.5141

25-Jun-15 0.20946 0.19406 14.267728-Sep-15 0.19501 0.18067 14.1812

28-Dec-15 0.06862 0.06357 13.2737

28-Dec-15 0.06862 0.06357 14.1949

28-Dec-15 0.20223 0.18737 13.3734

28-Dec-15 0.20946 0.19406 14.0644

Rating24-Feb-04

CRISIL MIP Blended Index

29.6922

9.67 years

5.80 years

22,646.22

Aditya Khemani(for Equity portion) Sanjay

Shah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 45.17%

24.03%

Reverse Repos/ CBLOs 5.31%


Equity

AAAand equivalents 23.80%




Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately

HSBC MIP - Savings Plan (HMIP-S)


• Regular Income over mediumterm

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

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

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

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

31

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.12.15)


Modified Duration

of Portfolio

Fund Managers

SIP

Minimum ApplicationAmount

Growth

Quarterly Dividend

Monthly Dividend

SIP

Exit Load

per unit


@


Regular 2.29%

Direct Plan 1.79%


Asset Allocation



14.88%




Equity



FUND PORTFOLIO


Corporate/ PSU Debt

EQUITY


Cash Equivalents

CBLO 600.92 6.92%





Equities


LIC Housing Finance 505.60 5.82% CRISIL AAA

Power Finance Corporation 500.12 5.76% CRISIL AAA

Rural Electrification Corporation 448.57 5.17% CARE AAA

Power Grid Corporation of India 407.31 4.69% CRISIL AAA

India Infradebt 299.88 3.45% CRISIL AAA

HDFC 199.57 2.30% CRISIL AAA



HDFC Bank 68.18 0.79%


LIC Housing Finance 61.21 0.70%

Axis Bank 60.63 0.70%

ICICI Bank 60.24 0.69%

Arvind 53.73 0.62%

ITC 52.44 0.60%





Sun Pharmaceuticals Ind 39.37 0.45%

Crompton Greaves 38.45 0.44%

Aditya Birla Nuvo 38.23 0.44%

Dr. Reddy's Laboratories 37.30 0.43%

The Federal Bank 33.60 0.39%



SRF 31.62 0.36%


MRF 29.91 0.34%



State Bank of India 24.69 0.28%


The Jammu & Kashmir Bank 23.06 0.27%

Kaveri Seed Company 21.75 0.25%

Oil & Natural Gas Corp 20.55 0.24%


Hindustan Dorr-Oliver 11.51 0.13%

Arvind Infrastructure 1.29 0.01%

8.24% GOVT OF INDIA RED 10-11-2033 935.92 10.78% SOVEREIGN








IssuerMarket Value

( in Lacs)`

% to NetAssets





`

HSBC MIP - Regular Plan - Monthly Dividend

HSBC MIP - Regular Plan - Monthly Dividend - Direct Plan

HSBC MIP - Regular Plan - Quarterly Dividend

26-Oct-15 0.05778 0.05353 11.892926-Nov-15 0.05778 0.05353 11.7117

25-Jun-15 0.18057 0.16729 12.156028-Sep-15 0.18057 0.16729 12.1257

28-Dec-15 0.05778 0.05353 11.6249

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

28-Dec-15 0.18057 0.16729 11.9592

Rating24-Feb-04

CRISIL MIP Blended Index

24.9387

9.54 years

5.58 years

8,770.78

Aditya Khemani

(for Equity portion) SanjayShah (for Debt portion)

Available

10,00010,00025,000

1,000 p.m.Nil

`

`

`

`

`

Rating Profile

Sovereign 43.86%


14.88%



Equity


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


Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over mediumterm

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

HSBC MIP - Regular Plan (HMIP-R)



�

�

�



Low riskLOW RISK

(BLUE)



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

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

32

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


@


Regular 1.85%Direct Plan 1.10%Excludes service tax on Investment Management fees of 0.14%of Total NetAssets.

Asset Allocation






Securitised Debt 0.08%


* Based on invested Amount

FUND PORTFOLIO

Securitised Debt


Corporate/ PSU Debt


Cash Equivalents

CBLO 839.89 8.22%



Investments - Asset Back Security



India MBS 2002 Series I 8.40 0.08% CRISIL AAA (SO)

Punjab National Bank 493.93 4.83% CARE A1+

Export Import Bank of India 539.62 5.28% CRISIL AAA

Power Finance Corporation 500.12 4.89% CRISIL AAA

Rural Electrification Corporation 498.41 4.88% CARE AAA

7.88% GOVT OF INDIA RED 19-03-2030 1,629.18 15.94% SOVEREIGN









IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Composite BondFund Index

24.5058

10.74 years

6.33 years

8.01%

10,411.72

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 70.16%








`

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

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

25-Jun-15 0.17334 0.16060 11.2788

28-Sep-15 0.17334 0.16060 11.3365

28-Dec-15 0.17334 0.16060 11.2172

12-Jun-09 0.11387 0.10598 11.0294

11-Sep-09 0.11387 0.10598 10.9960

11-Dec-09 0.11387 0.10598 11.0973



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in diversifiedportfolio of fixed incomesecurities

HSBC Income Fund - Investment Plan (HIF-IP)


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

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

33

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.12.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Exit Load

per unit


@


Regular 1.25%

Direct Plan 0.30%Excludes service tax on Investment Management fees of 0.14%of Total NetAssets.

Asset Allocation

Corporate/ PSU Debt 72.75%Government Securities 13.01%Money Market Instruments 10.59%Net CurrentAssets 2.92%Cash Equivalents 0.73%



FUND PORTFOLIO


Corporate/ PSU Debt


Cash Equivalents

CBLO 1,086.13 0.73%

Net Current Assets 4,348.12 2.92%

Total Net Assets as on 31-Dec-2015 1,49,782.58 100.00%



Zero Coupon Bonds

Indian Bank 1,774.71 1.18% Fitch A1+Canara Bank 986.91 0.66% CRISIL A1+Andhra Bank 985.08 0.66% CARE A1+

Adani Ports & Special Economic Zone 4,815.07 3.21% [ICRA]A1+AU Financiers India 2,460.15 1.64% Fitch A1+AU Financiers India 2,390.04 1.60% Fitch A1+Cholamandalam Investment & Fin Co 1,969.75 1.32% [ICRA]A1+Adani Ports & Special Economic Zone 482.47 0.32% [ICRA]A1+

L&T Finance 7,496.85 5.01% CARE AA+Power Finance Corporation 7,487.60 5.00% CRISIL AAARural Electrification Corporation 6,087.40 4.06% CRISIL AAAPower Finance Corporation 5,050.89 3.37% CRISIL AAALIC Housing Finance 5,009.29 3.34% CARE AAATata Capital Financial Services 5,000.30 3.34% CRISIL AA+NABARD 4,976.51 3.32% CRISIL AAANABARD 4,511.31 3.01% CRISIL AAAIndian Railway Finance Corporation 3,566.15 2.38% CRISIL AAARural Electrification Corporation 3,504.14 2.34% CRISIL AAAHDFC 3,090.38 2.06% CRISIL AAAPower Grid Corporation of India 3,054.82 2.04% CRISIL AAARural Electrification Corporation 2,591.74 1.73% CARE AAABajaj Finance 2,531.24 1.69% CRISIL AA+SRF 2,531.14 1.69% Fitch AAPower Finance Corporation 2,510.10 1.68% CRISIL AAALIC Housing Finance 2,506.95 1.67% CARE AAATata Capital Financial Services 2,506.71 1.67% CRISIL AA+Tata Capital Financial Services 2,501.57 1.67% CRISIL AA+Tata Capital Financial Services 2,501.54 1.67% CRISIL AA+Nabha Power 2,491.03 1.66% [ICRA]AAA(SO)Power Grid Corporation of India 2,033.95 1.36% CRISIL AAAHDFC 2,024.08 1.35% CRISIL AAATata Sons 2,016.57 1.35% CRISIL AAAHDFC 1,995.73 1.33% CRISIL AAALIC Housing Finance 1,519.16 1.01% CRISIL AAAKotak Mahindra Prime 1,513.89 1.01% [ICRA]AAAIndia Infradebt 1,499.41 1.00% CRISIL AAALIC Housing Finance 1,014.94 0.68% CRISIL AAAHDFC 1,014.90 0.68% CRISIL AAALIC Housing Finance 1,014.38 0.68% CRISIL AAAPower Grid Corporation of India 1,011.79 0.68% CRISIL AAALIC Housing Finance 1,010.19 0.67% CARE AAAShriram Transport Finance Company 1,008.88 0.67% CRISIL AA+Power Grid Corporation of India 992.99 0.66% CRISIL AAALIC Housing Finance 504.42 0.34% CRISIL AAAShriram Transport Finance Company 273.03 0.18% CRISIL AA+Rural Electrification Corporation 170.97 0.11% CRISIL AAAHDFC 90.63 0.06% CRISIL AAARural Electrification Corporation 71.05 0.05% CRISIL AAA

Cholamandalam Investment & Fin Co 4,130.82 2.76% [ICRA]AACholamandalam Investment & Fin Co 2,583.62 1.72% [ICRA]AA

7.16% GOVT OF INDIA RED 20-05-2023 7,194.00 4.80% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 4,642.09 3.10% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 4,237.25 2.83% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 3,407.78 2.28% SOVEREIGN

Commercial Paper

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating10-Dec-02

CRISIL Short Term BondFund Index

24.3978

2.95 years

2.31 years

8.38%

1,60,079.50

Sanjay Shah &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

AAAand equivalents 61.27%AA+/AA-/AAand equivalents 22.07%Sovereign 13.01%Reverse Repos/ CBLOs 0.73%Net CurrentAssets 2.92%





`

HSBC Income Fund - Short Term Plan - Regular Option - Monthly Dividend

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

HSBC Income Fund - Short Term Plan - Institutional Option - Monthly Dividend

HSBC Income Fund - Short Term Plan - Institutional Plus Option - Monthly Dividend

26-Oct-15 0.05782 0.05357 11.211226-Nov-15 0.05006 0.04638 11.1722

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

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

28-Dec-15 0.04862 0.04504 11.1404

26-Nov-15 0.05678 0.05261 11.2243

27-Jul-15 0.05814 0.05387 12.0045

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


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 Floating Rate Fund - Long Term Plan (HFRF-LTP)An Open Ended Income Scheme

Investment Objective: Seeks to generate a reasonable return with commensurate risk through investments in floating rate debtinstruments and fixed rate debt instruments swapped for floating rate returns. The Scheme may also invest in fixed rate moneymarket and debt instruments.

34

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration ofPortfolio

Yield To Maturity*

Fund Managers

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


@


Regular 0.75%

Direct Plan 0.20%Excludes service tax on Investment Management fees of 0.01%of Total NetAssets.

Asset Allocation

Money Market Instruments 87.67%Cash Equivalents 12.58%Net CurrentAssets -0.25%



FUND PORTFOLIO


Cash Equivalents

CBLO 656.02 12.58%




UCO Bank 739.26 14.17% CRISIL A1+


Indian Bank 690.17 13.23% Fitch A1+

Punjab National Bank 493.93 9.47% CARE A1+

Andhra Bank 492.54 9.44% CARE A1+

Cholamandalam Investment & Fin Co 492.44 9.44% [ICRA]A1+

Edelweiss Financial Services 492.17 9.44% CRISIL A1+

Adani Ports & Special Economic Zone 482.47 9.25% [ICRA]A1+

Commercial Paper

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating16-Nov-04

CRISIL Liquid Fund Index

23.0635

0.20 years

0.20 years

7.38%

5,276.02

Kapil Punjabi &

Piyush Harlalka

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment Weekly

Dividend, Reinvestment,Monthly Dividend (Payout &

Reinvestment)

Nil

`

`

`

Rating Profile

AAAand equivalents 87.67%Reverse Repos/ CBLOs 12.58%Net CurrentAssets -0.25%





`

HSBC Floating Rate Fund - Long Term Plan - Regular Option - Monthly Dividend

HSBC Floating Rate Fund - Long Term Plan - Monthly Dividend - Direct Plan

HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend

26-Oct-15 0.04037 0.03740 10.0559

26-Nov-15 0.03604 0.03339 10.0499

26-Oct-15 0.04659 0.04316 10.0700

26-Nov-15 0.04261 0.03948 10.0648

28-Dec-15 0.03694 0.03423 10.0512

28-Dec-15 0.04406 0.04082 10.0667

25-Apr-14 0.05133 0.04916 10.5356

25-Aug-14 0.06294 0.06028 10.7639

25-Sep-14 0.17600 0.16856 10.7615



Riskometer

Modera

tely Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Liquidity over short term

• Investment in floating rate andfixed rate Debt and MoneyMarket Instruments

HSBC Floating Rate Fund - Long Term Plan (HFRF-LTP)



�

�

�



Low riskLOW RISK

(BLUE)



HSBC Cash Fund (HCF)An Open Ended Liquid Scheme

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

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.12.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Sub Options

Exit Load

per unit


@

Asset Allocation

Money Market Instruments 89.30%Treasury Bill 8.05%Cash Equivalents 2.64%Net CurrentAssets 0.01%



FUND PORTFOLIO


Treasury Bill

Cash Equivalents

CBLO 3,998.12 2.64%


Total Net Assets as on 31-Dec-2015 1,51,283.61 100.00%


Commercial Paper

IDBI Bank 9,905.79 6.55% CRISIL A1+

Allahabad Bank 7,443.85 4.92% [ICRA]A1+

The South Indian Bank 7,431.49 4.91% CARE A1+

Canara Bank 7,418.41 4.90% CRISIL A1+

IDBI Bank 4,966.33 3.28% CRISIL A1+

Corporation Bank 4,965.48 3.28% CRISIL A1+

Yes Bank 4,951.81 3.27% [ICRA]A1+

Oriental Bank of Commerce 4,944.18 3.27% CRISIL A1+

Syndicate Bank 4,941.71 3.27% CARE A1+

Punjab National Bank 4,445.37 2.94% CARE A1+




Andhra Bank 2,464.17 1.63% CARE A1+

Andhra Bank 2,460.79 1.63% CARE A1+


India Infoline Finance 7,409.21 4.90% [ICRA]A1+

Edelweiss Financial Services 7,407.52 4.90% CRISIL A1+

Cox & Kings 7,401.13 4.89% CARE A1+

Welspun India 4,980.34 3.29% Fitch A1+

Indiabulls Housing Finance 4,966.24 3.28% CRISIL A1+

Adani Ports & Special Economic Zone 4,941.30 3.27% [ICRA]A1+

Magma Fincorp 4,937.56 3.26% CRISIL A1+

Dewan Housing Finance Corporation 4,924.38 3.26% CRISIL A1+

Dewan Housing Finance Corporation 2,478.99 1.64% CRISIL A1+

Magma Fincorp 2,477.13 1.64% CRISIL A1+

JM Financial Services 2,470.02 1.63% [ICRA]A1+

Reliance Capital 2,462.50 1.63% CRISIL A1+

Capital First 2,461.75 1.63% CARE A1+

182 DAYS TREASURY BILL RED 25-02-2016 9,895.62 6.54% SOVEREIGN

91 DAYS TREASURY BILL RED 18-02-2016 1,981.76 1.31% SOVEREIGN

91 DAYS TREASURY BILL RED 31-03-2016 300.47 0.20% SOVEREIGN

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating04-Dec-02

CRISIL Liquid Fund Index

1479.1345

0.14 years

0.14 years7.53%

1,64,650.64

Kapil Punjabi

Available

10,000

1,000 p.m.(SIP)

Growth, Daily Dividend,Reinvestment

Weekly Dividend,Reinvestment,

Monthly Dividend (Payout &Reinvestment)

Nil

`

`

`

Rating Profile


Reverse Repos/ CBLOs 2.64%Net CurrentAssets 0.01%

Sovereign 8.05%





`

HSBC Cash Fund - Institutional Option - Monthly Dividend

HSBC Cash Fund - Monthly Dividend - Direct Plan

HSBC Cash Fund - Institutional Plus Option - Monthly Dividend

26-Oct-15 4.25435 3.94157 1005.9468

26-Nov-15 4.53759 4.20399 1006.3389

26-Oct-15 4.28258 3.96773 1006.1684

26-Nov-15 4.56899 4.23309 1006.5649

28-Dec-15 4.62768 4.28746 1006.4637

28-Dec-15 4.66015 4.31754 1006.6911

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 0.11%

Direct Plan 0.06%

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

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)

35



�

�

�



Low riskLOW RISK

(BLUE)



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

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

36

FUND DETAILS

Date of Allotment

Benchmark

NAV (Growth)

(as on 31.12.15)


Modified Duration

of Portfolio

Yield To Maturity*

Fund Managers

SIP

Minimum ApplicationAmount

Sub Options

Exit Load

per unit


@

Asset Allocation






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


FUND PORTFOLIO


Corporate/ PSU Debt

Cash Equivalents

CBLO 1,374.42 3.36%




Commercial Paper


Zero Coupon Bonds

State Bank of Bikaner & Jaipur 4,942.44 12.07% CARE A1+



UCO Bank 1,724.94 4.21% CRISIL A1+

Andhra Bank 985.08 2.41% CARE A1+

Adani Ports & Special Economic Zone 3,859.80 9.43% [ICRA]A1+

AU Financiers India Ltd 2,460.15 6.01% Fitch A1+

Cox & Kings 2,459.75 6.01% CARE A1+

Edelweiss Financial Services 1,968.69 4.81% CRISIL A1+

Indiabulls Housing Finance 2,508.03 6.13% CARE AAA

Power Finance Corporation 2,502.16 6.11% CRISIL AAA

HDFC 1,017.42 2.49% CRISIL AAA


Rural Electrification Corporation 1,010.22 2.47% CARE AAA

Power Finance Corporation 1,010.18 2.47% CRISIL AAA

LIC Housing Finance 1,001.86 2.45% CARE AAA

Tata Capital Financial Services 999.53 2.44% CRISIL AA+

Bajaj Finance 506.04 1.24% [ICRA]AA+

Shriram Transport Finance Company 505.62 1.24% CRISIL AA+

LIC Housing Finance 504.42 1.23% CRISIL AAA

Tata Sons 504.14 1.23% CRISIL AAA

Shriram Transport Finance Company 60.54 0.15% CRISIL AA+


Cholamandalam Investment & Fin Co 1,033.45 2.52% [ICRA]AA

Cholamandalam Investment & Fin Co 1,032.71 2.52% [ICRA]AA

IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating17-Oct-06

CustomisedBenchmark Index**

13.1104

0.66 years

0.60 years7.94%

44,565.99

Piyush Harlalka &Kapil Punjabi

Available10,000

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

ReinvestmentWeekly Dividend,

ReinvestmentMonthly Dividend (Payout &

Reinvestment)Nil

`

`

`

Rating Profile


AA+/AA-/AAand equivalents 10.11%







`

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-Oct-15 0.05761 0.05337 10.2066

26-Nov-15 0.04057 0.03759 10.1830

28-Dec-15 0.03486 0.03230 10.1751

25-Jun-14 0.15218 0.14575 10.1953

28-Jan-11 0.04829 0.04501 10.3821

25-Feb-11 0.04125 0.03845 10.3741

25-Mar-11 0.05214 0.04859 10.3865



Regular 1.00%

Direct Plan 0.20%



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.

37

FUND DETAILS

Date of Allotment

Benchmark



Modified Duration

of Portfolio

Yield To Maturity*

Fund Manager

SIP

Minimum

Application Amount

Exit Load

per unit


@

Asset Allocation








FUND PORTFOLIO


Corporate/ PSU Debt


Cash Equivalents

CBLO 2,877.21 5.30%





Punjab National Bank 1,975.72 3.64% CARE A1+

Rural Electrification Corporation 3,887.61 7.16% CARE AAA


Power Grid Corporation of India 494.48 0.91% CRISIL AAA









IssuerMarket Value

( in Lacs)`

% to NetAssets

Rating05-Oct-07

CRISIL Composite BondFund Index

19.9037

11.73 years

6.81 years

8.06%

55,083.58

Sanjay Shah

Available

10,000

1,000 p.m.(SIP)

Nil

`

`

`

Rating Profile

Sovereign 78.17%








`

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

28-Sep-15 0.18057 0.16729 11.9644

28-Dec-15 0.18057 0.16729 11.8131

28-Dec-15 0.18057 0.16729 12.1308

14-Sep-12 0.35236 0.30201 11.4315

15-Mar-13 0.35236 0.30201 11.6629

15-Mar-13 0.35236 0.30201 10.9757

25-Sep-14 0.31171 0.29853 11.2593

25-Mar-15 0.34842 0.32311 11.8530

25-Aug-15 0.05470 0.05068 10.6611

28-Sep-15 0.09176 0.08501 10.7123

26-Oct-15 0.10868 0.10069 10.7355

25-Aug-15 0.06760 0.06263 10.8080

28-Sep-15 0.09852 0.09127 10.8504

26-Oct-15 0.11441 0.10600 10.8719

25-Mar-15 0.18147 0.16829 12.2052

25-Jun-15 0.18057 0.16729 11.8869

25-Jun-15 0.18057 0.16729 11.8484

28-Sep-15 0.18057 0.16729 11.9326

25-Jun-15 0.18057 0.16729 12.1094

28-Sep-15 0.18057 0.16729 12.2248

25-Mar-15 0.37019 0.34330 12.5368

28-Sep-15 0.36113 0.33458 12.3102

28-Sep-15 0.36113 0.33458 11.6860



Regular 1.60%Direct Plan 0.85%



Riskometer

Mod

erately Moderate

Low

Hig

h

Low

High

LOW HIGH

Moderately


• Regular Income over longterm

• Investment in Debt / MoneyMarket Instruments

HSBC Flexi Debt Fund (HFDF)


38

HSBC MIP - Savings & Regular Plan

HSBC Income Fund - Investment Plan

HSBC Income Fund - Short Term Plan

HSBC Floating Rate Fund Long Term Plan

HSBC Cash Fund

HSBC Ultra Short Term Bond Fund

HSBC Flexi Debt Fund

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

Sanjay Shah (from 09 January 2009)

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

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

Kapil Punjabi (from 14 March 2014)

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

Sanjay Shah (from 09 January 2009)

Name of Scheme Fund Manager

Fund Manager’s Experience

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

Experience:

Over 16 years of experience in research and risk


Senior Vice President & Fund Manager, Fixed Income since October 2011 to present,

Vice President & Fund Manager, Fixed Income since December 2008 to September 2011.

FIL Fund Management Private Ltd

Credit Analyst from September 2008 to December 2008

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

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

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

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

�

�

�

�

�

�

Kapil Punjabi

Vice President & Fund Manager - Fixed Income

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

Experience:

Over 9 years of experience in research and Fund Management

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

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

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

Edelweiss Securities LimitedManager - Investments from October 2007 to November 2009

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

�

�

�

�

�

Piyush Harlalka

Vice President & Fund Manager – Fixed Income

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

Experience:

Over 9 years of experience in research

HSBC Asset Management (India) Private Limited,

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

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

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

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

to October 2010;

Research Analyst from July 2007 to November 2008.

Batlivala & Karanai Securities Pvt. Ltd. ,

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

�

�

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

Funds Managed by - Sanjay Shah.

HSBC MIP - Regular Plan

HSBC MIP - Savings Plan





SinceInception

SinceInception

HSBC MIP - Regular Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)

Crisil 1 Year T-Bill Index (Standard Benchmark)


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

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

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


`

`

`

`

HSBC MIP - Savings Plan - Growth

Crisil MIP Blended Index (Scheme Benchmark)



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

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



`

`

`

`

4.51% 17.31% 3.83% 8.01%

6.80% 16.88% 4.13% 7.75%

8.23% 8.48% 5.83% 5.87%

7.55% 14.34 -1.06 5.17

10,451 11,731 10,383 24,944

10,680 11,688 10,413 24,245

10,823 10,848 10,583 19,676

10,755 11,434 9,894 18,180

% % %

` ` ` `

` ` ` `

` ` ` `

` ` ` `

4.30% 21.71% 3.76% 9.61%

6.80% 16.88% 4.13% 7.75%

8.23% 8.48% 5.83% 5.87%

7.55 14.34 -1.06 5.17

10,430 12,171 10,376 29,700

10,680 11,688 10,413 24,245

10,823 10,848 10,583 19,676

10,755 11,434 9,894 18,180

% % % %

` ` ` `

` ` ` `

` ` ` `

` ` ` `




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

`

`

Comparative Performance of Debt Schemes

39

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

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


`

`

`

5.72% 13.88% 2.68% 7.10%

8.65% 14.34% 3.59% 6.48%

7.55% 14.34% -1.06% 5.80%

10,572 11,388 10,268 24,510

10,865 11,434 10,359 22,715

10,755 11,434 9,894 20,889

` ` ` `

` ` ` `

` ` ` `

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

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

`

`

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


`

`

`

5.96% 13.88% 4.28% 8.72%

8.65% 14.34% 3.59% 7.58%

7.55% 14.34% -1.06% 6.61%

10,596 11,388 10,428 19,922

10,865 11,434 10,359 18,267

10,755 11,434 9,894 16,955

` ` ` `

` ` ` `

` ` ` `



40

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


HSBC Income Fund - S T P - Growth

Crisil Short Term Bond Fund Index (Scheme Benchmark)


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

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


`

`

`

7.84% 9.88% 7.00% 7.06%

8.65% 10.45% 8.25% 7.01%

8.23% 8.48% 5.83% 5.83%

10,784 10,988 10,700 24,402

10,865 11,045 10,825 24,226

10,823 10,848 10,583 20,959

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Sanjay Shah & Piyush Harlalka.

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

HSBC FRF - LTP - Regular Plan Date of Inception : 16 Nov 04


HSBC FRF - LTP - Growth

Crisil Liquid Fund Index (Scheme Benchmark)


10,000, if invested HFRF - LTP, would have become

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


`

`

`

8.11% 8.75% 9.03% 7.78%

8.23% 9.21% 9.04% 7.21%

8.23% 8.48% 5.83% 6.09%

10,811 10,875 10,903 23,030

10,823 10,921 10,904 21,705

10,823 10,848 10,583 19,314

` ` ` `

` ` ` `

` ` ` `


Fund Managed by - Kapil Punjabi & Piyush Harlalka.

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

HSBC Cash Fund@

Date of Inception: 04 Dec 02

Scheme Name & Benchmarks Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

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



`

`

`

8.08% 9.18% 8.83% 8.69%

8.27% 9.33% 8.96% 8.78%

8.23% 8.48% 5.83% 7.55%

10,808 10,918 10,883 13,113

10,827 10,933 10,896 13,148

10,823 10,848 10,583 12,669

` ` ` `

` ` ` `

` ` ` `


Last 7 Daysas on 31Dec 2015



7.74% 7.58% 7.42% 8.31% 9.08% 9.30% 8.84%

8.95% 8.22% 7.57% 8.23% 9.21% 9.04% 8.68%

7.43% 7.25% 7.03% 8.08% 9.07% 8.27% 8.32%

10,015 10,031 10,061 10,831 10,908 10,930 14,795

10,017 10,034 10,062 10,823 10,921 10,904 14,695

10,014 10,030 10,058 10,808 10,907 10,827 14,470

` ` ` ` ` ` `

` ` ` ` ` ` `

` ` ` ` ` ` `


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

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

January to December`

`


41

Fund Managed by - Piyush Harlalka & Kapil Punjabi.

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

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

Fund Managed by - Kapil Punjabi.

Jan 15 -Dec 15

Jan 14 -Dec 14

Jan 13 -Dec 13

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

42

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

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

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

invested).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

022-4002 9600 [email protected]

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

HSBCAsset Management (India) Private Limited,

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

Tel. :

Fax : Email : Website :

HSBC Mutual Fund Investor Service Centres :

Ahmedabad :

Bengaluru :

Chennai :

Hyderabad :

Kolkata :

Mumbai :

New Delhi :

Pune :

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

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

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

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

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

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

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

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

www.assetmanagement.hsbc.com/in

Statutory Details & Disclaimers

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The Asset · The central bank however hinted that it will continue with an accommodative policy stance and considered inflation target of 6% in January 2016 achievable. The key aspects