factsheet-october 2019 - hsbc asset management (india)

Factsheet-October 2019

Index

Fund Manager Commentary

HSBC Mutual Fund Products

HSBC Large Cap Equity Fund

HSBC Large and Mid Cap Equity Fund

HSBC Multi Cap Equity Fund

HSBC Small Cap Equity Fund

HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund

HSBC Equity Hybrid Fund

HSBC Global Emerging Markets Fund

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund

HSBC Brazil Fund

HSBC Global Consumer Opportunities Fund

HSBC Managed Solutions India - Growth - Moderate - Conservative

Comparative Performance of Equity Schemes

SIP Performance of Equity Schemes

Fund Manager Equity And Debt

HSBC Overnight Fund

HSBC Cash Fund

HSBC Low Duration Fund

HSBC Short Duration Fund

HSBC Debt Fund

HSBC Flexi Debt Fund

HSBC Regular Savings Fund

Comparative Performance of Debt Schemes

Section II - How to read Factsheet

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Equity Markets

S&P BSE Sensex TR 58570 3.9% 12.5%

Nifty 50 TR 16667 3.7% 10.8%

S&P BSE 200 TR 5963 4.0% 8.3%

S&P BSE 500 TR 18380 4.0% 7.0%

S&P BSE Midcap TR 17758 5.4% -2.8%

S&P BSE 250 Smallcap TR 16077 3.0% -6.9%

NSE Large & Midcap 250 TR 7272 4.3% 4.0%

S&P BSE India Infrastructure Index TR 228 2.8% -4.7%

MSCI India USD 586 4.1% 5.1%

MSCI India INR 1349 4.2% 6.8%

INR - USD 71 0.1% 1.7%

Crude Oil 60 -0.9% 12.0%

Domestic

IndicesLast

Close1 Month (Change

in %)

CYTD (Change

in %)

Equity Market Indices Market Review

FUND MANAGER COMMENTARY

Equity market sentiments continued to remain in the positive territory led

by global cues. The probability of a likely trade deal between the US and

China fuelled rally in global equities. Domestic cues were also supportive

as the ongoing results season have been trending well on beaten down

expectations, while the festive season trends so far indicate that the

consumption demand is improving at the margin. As a result, the

benchmark indices BSE Sensex and Nifty were up 3.9% and 3.7%

respectively while the broader market indices also did well with BSE

Midcap and Smallcap indices gaining 5.4% and 3% respectively.

The 2QFY20 results season, so far has panned out well compared to

expectations on profitability. For the Nifty companies that have declared

results so far, the aggregate reported revenues have remained flat YoY,

while aggregate reported EBITDA is up 7% YoY and aggregate reported

PAT has come in at 13% YoY, aided by tax cuts. Within the sectors, the

BFSI segment continued to drive the earnings delta while Consumer

Staples also saw strong earnings traction due to the tax cut benefit. Energy

and Consumer Discretionary segments saw weaker earnings growth

during the quarter so far. (Source: Bloomberg)

The RBI reduced the policy rate by 25 bps on expected lines and this has

taken the cumulative rate cuts this year to 135 bps so far. However, the

central bank brought down the GDP growth forecast for FY20 by 80 bps to

6.1%.

On the political front, the ruling party at the centre, BJP emerged as the

single largest party in both Maharashtra and Haryana state assemblies,

though the performance came below to what opinion polls and exit polls

had predicted. In Haryana, the BJP formed the government with the help of

a post-poll alliance while in Maharashtra, though it has comfortably

crossed the half way mark along with the pre-poll alliance partner, the

government formation has not happened so far due to some differences

between the two partners.

The Foreign Institutional Investors (FIIs) raked in a strong month with USD

2.1 bn of net inflows and this was the best month of net inflows since April

2019. The DIIs however saw a marginal moderation in their net inflows

trend (~USD 760 mn) as Insurers turned net sellers after three consecutive

months of net inflows.

01

Global Market Indices

International (in USD)

MSCI World 2,234 2.5% 18.6%

Dow Jones 27,046 0.5% 15.9%

S&P 500 3,038 2.0% 21.2%

MSCI EM 1,042 4.1% 7.9%

MSCI Europe 1,695 3.1% 14.1%

MSCI UK 1,119 2.5% 8.4%

MSCI Japan 3,353 4.8% 14.2%

MSCI China 77 4.0% 9.7%

MSCI Brazil 2,226 5.9% 14.5%

IndicesLast

Close

1 Month (Change

in %)

CYTD (Change

in %)

Global Market Update

It was an eventful month but global cues were broadly positive and equities did

well as a result. There was some thaw in the imbroglio between the US and

China on the trade issues. This led to de-escalation of risks related to the

ongoing trade spat between the two countries and also increased the likelihood

of a partial deal to soften the differences. The deal being talked about indicated

that China shall purchase USD 40 – 50 bn worth of US agricultural products

annually, strengthen the IP provisions and issue guidelines for its currency

management. The US was in turn expected to delay tariff increases for Chinese

goods. The 'phase one' of the deal is now expected to take shape by mid-

November. Later during October, the US Federal Reserve cut the policy rates

by 25 bps (in-line with expectations) but indicated a pause in the easing cycle.

Elsewhere in the Europe, the Brexit deal got delayed for the third time with the

EU agreeing for a 3-month extension while the UK general election will happen

before that on 12 December.

FII & DII inflows

US

D b

n

Macro market view

During the month we saw several positive vibes emanating from the market segments. Though the festive season started off rather on a slower note, it showed

some signs of pick up in the latter half, i.e. closer to the Diwali festival. This was visible in the improvement of the auto sales (on a YoY comparison especially for

passenger cars), reported numbers from e-commerce firms' festive sales, among others. However, these are only some initial trends of demand uptick and the key

would be to see the demand environment improving and sustaining beyond the festive season period. We also had a good start to the current quarterly results

season, with companies reporting better than expected profitability (especially on the bottom-line), aided by the corporate tax cuts. The corporate tax reform is

expected to provide more ammunition for the larger corporates to re-invest in the business and hence is a structural reform providing multiplier benefits for the

economy. However, we do not expect the private investment cycle to revive in a hurry on the back of this, as the demand scenario is expected to improve only

gradually, notwithstanding the festive season demand improvement seen so far. Companies are highlighting some stress in the rural economy and as a result the

rural demand is now growing at a slower pace than that of urban consumption. Government DBT programme (i.e PM Kisan), shall help in a revival here, but it is

currently not operating at full capacity. The silver lining, however is the good monsoon we have had this season and that should help to support demand in certain

pockets, going forward.

0.95-2.20 -1.93

0.151.42

2.924.77

2.15

-0.08

10.22

-4.56

0.661.75 2.95 2.96

0.52 0.75 -0.60 -2.01 -0.09

0.30

7.21

15.90

-10

-5

0

5

10

15

20

Oct-

19

Sep-1

9

Aug-1

9

Jul-19

Jun-1

9

May-

19

Apr-

19

Mar-

19

Feb-1

9

Jan-1

9

CYTD2019

CY2018

FII flows MF Insurance DII flows (MF+Insurance)

On the monetary policy front, the RBI has been acknowledging the growth slowdown and has adopted an accommodative stance and the undertaken cumulative

rate cuts of 135 bps so far this calendar year. Along with a pro-growth fiscal approach by the government (quite evident in the tax reforms undertaken), we expect a

continued accommodative stance from the RBI to continue, till we effectively address the growth issues. The synchronized efforts of both the government and RBI

should aid in gradually improving the economic sentiments and growth.

Equity Market view

During the month, we saw benchmark equity indices moving higher, while the broader market performance also showed improvement. The bipolar nature of the

market performance showed some signs of reversal during the month, with the BSE Midcap index outperforming the larger cap indices while the cyclicals did

relatively better than the defensives in the latter half of the month. It may be still early to call whether the bipolar nature of the market performance would reverse and

the broader market constituents, especially the mid and small caps will start to do well from hereon. The reversal in this trend was delayed earlier on account of the

ongoing economic slowdown and consumption demand challenges. This correction in Mid and Small cap indices have meant that they are now trading at a discount

to its large cap benchmark compatriots and hence the valuations here are more attractive at this juncture. Having said that, any sustained rebound in Mid / Small

cap universe will be largely dependent on the broader economic recovery but that process may be more gradual in nature as we highlighted earlier. At an aggregate

level, the valuations may seem to be inching closer to the fair zone but the individual constituents' valuations show a very divergent picture. Even in Nifty / Sensex,

there are companies trading at multi-year low valuations compared to their own history while there are others who are touching new highs every other day.

Earnings recovery is a key factor that would make the valuations relatively more attractive at the current levels. The corporate tax cuts would provide companies

mainly in the Financials, Consumer (both Staples and Discretionary), Energy, Materials and select Industrials, some meaningful upgrades in their near term

earnings trajectory, ceteris paribus. However, the stock moves after the announcement broadly captures upgrade in estimates. As discussed, the quarterly earnings

season has begun well but the outperformance is mainly due to beaten down expectations as well as aided by tax cuts. Even though the sentiments have improved

post the corporate tax cut, it will take time for the benefits of the same to percolate down to the ground level leading to a perceptible change on the consumption

trends, which currently remain weak. We will closely watch the trends emerging from the remainder of the earnings season to determine the sustainability of a pick

in the consumption demand beyond the current festival season. The base line assumption still continues to be that of a gradual improvement in the demand

environment in the absence of any other government actions in the near term.

Valuations

Currently, the NSE Nifty 50 index is trading at ~20.5x /17x FY 20/21 forward consensus earnings expectations (source: Bloomberg).

Key Factors to Consider

Remainder of the quarterly results season and management commentaries would be closely tracked especially in the context of consumption demand revival

beyond the festive season. Another aspect to track would be the next set of government actions / items on the reform agenda, more so since the corporate tax cut

will be leading to revenue loss and ways to fund this shortfall need to be looked at. RBI policy actions will be another key development to track along with the GST

council meeting scheduled for 10 November. On the global front, the key events to track would be the contours of the 'phase one' of the trade deal expected

between the US and China, global central banks' policy decisions, crude oil price dynamics and their impact on flows to emerging markets and India

Risks to market performance

Weak corporate earnings recovery, prolonged nature of the current economic slowdown as well as any adverse global newsflows especially related to the US –

China trade tensions (especially in the context that a deal is expected by mid-November) and global growth concerns.

Portfolio Strategy and Update

Broadly across portfolios, we are overweight private financiers, commercial real estate names, industrials and select domestic demand ideas while underweight

auto, staples, technology, utilities, and energy. Our overweight position in financials is driven by the view that the corporate profit pool is getting concentrated with

market leaders and the financials is leading the pack, a trend which is expected to continue going forward. Additionally, private financiers are seeing strong

incremental earnings traction, has stronger liability franchise, witnessing reduction in credit costs and continuing market share gains. Our exposure in real estate is

through names that have relatively higher value coming from commercial segment and who are leaders in their markets / segments.

Looking ahead and after factoring in the benefit of the fiscal stimulus measures (with the base assumption that more measures could follow, to address the

consumption slowdown), we have turned positive on the consumption ideas. We believe that the festive season and the good monsoon should improve the demand

for smaller ticket consumption items first and the broader set of policy actions taken and to follow, help to boost the other discretionary spends later. The urban

consumption growth is likely to recover faster and grow ahead of the rural consumption and our portfolio positioning currently reflects this theme. Also, the trend of

unorganised to organised should get accelerated in the context of the tax benefits accruing to relatively stronger companies and hence that is an area of investment

opportunities.

Source – Bloomberg,* Returns mentioned in the report are the Total Return or TR variants of the respective indices, (for domestic indices only) ̂ GICS - Global Industry Classification Standard (GICS) ̂ ^ For equity portion only

02

U/W - Underweight E/W - NeutralO/W - Overweight

Consumer Discretionary

Consumer Staples

Energy

Financials

Healthcare

Industrials

Information Technology

Materials

Real Estate

Utilities

Communication Services

Sector^

Sector Allocation

U/W U/W O/W O/W E/W E/W

E/W U/W U/W U/W U/W U/W

U/W U/W U/W U/W U/W U/W

E/W O/W U/W O/W O/W O/W

E/W U/W U/W O/W U/W E/W

E/W O/W E/W O/W O/W O/W

U/W U/W U/W U/W E/W U/W

O/W O/W E/W E/W O/W O/W

O/W O/W O/W O/W O/W O/W

U/W U/W O/W U/W U/W U/W

E/W E/W U/W O/W O/W E/W

HSBC Large Cap Equity

Fund

HSBC Multi Cap Equity

Fund

HSBC Small Cap Equity

Fund

HSBC TaxSaver Equity

Fund


^^

HSBC Large & MidCap Equity

Fund

03

Debt Markets

Inflation

India September CPI inflation came in at 3.99%, in line with our

expectation and higher than that of the market. Core inflation

continued to decline and was at 4% while food inflation spiked on

adverse base effects. Overall with food prices still remaining

elevated, we expect inflation to stay close to or above 4% in October

and thereafter stabilizing in 3.8%-4.0% range over H2, marginally

higher than that of RBI's 3.5%-3.7% estimate.

WPI inflation came in at a 35 month low at 0.3% (1.1% in August).

Core WPI was in negative territory at -1.2% while food WPI

increased to 6%. While the trends in the constituent sub-segments (

core and food) remain similar in WPI and CPI, the differing weights

for food inflation in the two indices explains the diverging trend

between the headline CPI and WPI during the month.

Markets and going forward

Overall, markets have been somewhat range bound during the month with a positive bias towards the end of the month. The news that government is not

considering additional direct tax cuts added to the positive bias. While overhang of fiscal slippage remains, tempering of oil prices, positive flows (equity driven)

during the week has balanced the sentiment, kept the markets in a range bound territory.

Going forward, accommodative policy stance with the core objective to revive growth should be constructive for rates going forward. The key risks at this juncture

is potential for higher borrowing driven due to fiscal slippage. In addition, any volatility from global markets (trade tensions, crude) remains a risk. Inflationary

pressures from expected to emanate as water levels are healthy after the monsoon and subdued demand situation expected to keep near term core-inflation

under control. Prospectively we expect RBI to keep its ammunition open with more rate cut(s).

Liquidity

Liquidity has largely been in surplus mode and going forward is expected to remain in neutral to surplus territory supported by RBI actions and government

spending. Government announced a 42 day CMB for INR 200 bn towards the end of the month. However, with the surplus of ~INR 2.5 trillion, this should not have

any material impact on the rates in the shorter end.

RBI Policy Minutes

RBI policy minutes were quite dovish. All members noted the slowing growth trajectory. While a couple of members noted the lags and leads in monetary

transmission and mentioned that further policy action would be data dependent on growth inflation dynamics, one member (Dr Patra) noted that “a full throttle

effort by all arms of macroeconomic management is the need of the hour” and emphasized need for reinforcing the policy intent with successive steps so as to

obviate monetary policy surprises, in order to ensure transmission of monetary policy. Dr Dholakia who voted for a 40 bps cut remarked that further space exists for

rate cuts beyond the same till growth recovers. Overall minutes of the policy reflected the policy statement which noted that policy direction would remain

“accommodative as long as it required to revive growth”

Core Sector

The core infrastructure industries' output, measuring a basket of

eight sectors accounting for two-fifth of India's factory output,

contracted to the lowest in at least 14 years, by -5.2% pointing to a

deepening slowdown in the economy. The contraction of 5.2% in

September compares to a growth of 4.3% a year ago.

Index of Industrial Production (IIP)* new series data

Gro

wth

(%)

-6

-1

4

9

14

Sep-14

Dec-14

Mar-15

Jun-15

Sep-15

Dec-15

Mar-16

Jun-16

Sep-16

Dec-16

Mar-17

Jun-17

Sep-17

Dec-17

Mar-18

Jun-18

Sep-18

Dec-18

Mar-19

Jun-19

Sep-19

Infla

tion G

row

th(%

)

CPI Inflation (%)

0.0

1.0

2.0

3.0

4.0

5.0

6.0A

ug-1

6

Oct

-16

Dec-

16

Feb-1

7

Apr-

17

Jun-1

7

Aug-1

7

Oct

-17

Dec-

17

Feb-1

8

Apr-

18

Jun-1

8

Aug-1

8

Oct

-18

Dec-

18

Feb-1

9

Apr-

19

Jun-1

9

Aug-1

9

Oct

-19

Repo Rate (%)

Rate

(%

)

4

5

6

7

8

9

10

Nov-

11

Apr-

12

Sep-1

2

Feb-1

3

Jul-13

Dec-

13

May-

14

Oct

-14

Mar-

15

Aug-1

5

Jan-1

6

Jun-1

6

Nov-

16

Apr-

17

Sep-1

7

Feb-1

8

Jul-18

Dec-

18

May-

19

Oct

-19

04

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

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

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

Key rates (in %) Current Previous week

Previous month

3M T-Bill 5.00 5.05 5.17

1Y G-Sec 5.47 n.a 5.47

3YG-Sec 5.77 5.83 6.03

5Y G-Sec 6.24 6.27 6.27

10Y G-sec 6.46 6.52 6.69

AAA 5Yr Corp Bond 7.22 7.33 7.28

AAA 10yr Corp Bond 6.43 6.59 6.71

Forex Reserve ($ MN) 442583 n.a 437833

Oil

Oil prices were largely range bound and contained in the month with no

negative surprises. Prices trended between USD 57 – 62 per barrel, and

closing the month at below USD 60 per barrel.

Currency

USDINR movement has somewhat mirrored the oil price movement. In

addition, the announced fiscal stimulus package led to positive inflow

from FPI investments particularly on the equity front, which also led to the

stabilization in currency.

GST

GST for the month of Sept'19 (collected in the month of Oct'19) came in at

INR 953.8 bn vs INR 919.7 bn the previous month. This is the second

consecutive month wherein GST collections have declined y-o-y (-5.3% )

and the third consecutive month in which collections are below INR 1

trillion. While October collections could be better on account of festive

demand, the risk of the current run-rate projecting a material shortfall in

GST collections cannot be ruled out at this juncture.\

Fiscal deficit

Fiscal deficit YTD came in at 92.6% of the BE (vs 92% in the previous year). While the trend is similar to the previous year, this year the YTD non-tax revenue is

higher by ~INR 1000 bn (which includes the RBI dividend). On the revenue side, YTD tax revenues are 4.2% y-o-y vs budgeted 18%, while on the expenditure

side it is slightly above the budgeted growth. Overall, risk of deviation in fiscal deficit targets without expenditure cuts remains.

Source: Bloomberg, for all data except where mentioned otherwise

Debt Market Indices

Key Rates Latest Month Ago

3 Months Ago

MIBOR 5.25 5.25 5.45

Call Rate 5.25 4.95 4.80

Repo rate 5.15 5.15 5.15

1Y OIS 5.10 5.10 5.08

5Y OIS 5.16 5.16 5.09

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

Equity Schemes

HSBC Mutual Fund Products

Scheme Benchmark

HSBC Managed Solutions India -

Growth

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

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

Composite Bond Index.


(Previous Name - HSBC Equity Fund)

Large Cap Fund – An open ended equity

scheme predominantly investing in large cap

stocks.

Large Cap Fund

(Previous Category - Large cap equity scheme)

Nifty 50 TRI


(Previous Name - HSBC Midcap

Equity Fund)

Small Cap Fund - An open ended equity scheme

predominantly investing in small cap stocks

Small Cap Fund

(Previous Category - Mid-cap Equity Scheme)

S&P BSE 250 Small Cap Index TRI

(Previous Benchmark - S&P BSE Midcap Index)


(Previous Name - HSBC India

Opportunities Fund)

Multi Cap Fund - An open ended equity

scheme investing across large cap, mid cap,

small cap stocks

Multi cap Fund

(Previous Category - Flexi-Cap Equity Scheme)

S&P BSE 200 TRI

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

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

Equity Linked Savings Scheme S&P BSE 200 TRI

HSBC Infrastructure Equity Fund An open ended equity scheme following

Infrastructure theme.

Thematic Fund

(Previous Category - Equity Scheme)

S&P BSE India Infrastructure Index TRI

HSBC Large and Mid Cap

Equity Fund

Large & Mid Cap Fund NIFTY Large Midcap 250 TRI

HSBC Brazil Fund


(Previous Name - HSBC Emerging

Markets Fund)

HSBC Asia Pacific (Ex Japan)

Dividend Yield Fund

HSBC Global Consumer

Opportunities Fund

An open ended fund of fund scheme investing in

HSBC Global Investment Funds - Global

Emerging Markets Equity Fund

An Open Ended Fund of Funds Scheme investing

in HSBC Global Investments Fund - (HGIF)

Asia Pacific Ex Japan Equity High Dividend Fund

An Open-Ended Fund of Funds Scheme

investing in HSBC Global Investments Fund

- (HGIF) Brazil Equity Fund

An Open Ended Fund of Funds Scheme Investing

in HSBC Global Investment Funds (HGIF) China

Consumer Opportunities Fund

Fund of Funds (Overseas)

(Previous Category - Fund of Funds)







MSCI Emerging Markets Index TRI

MSCI AC Asia Pacific ex Japan TRI

MSCI Brazil 10/40 Index TRI

MSCI AC World Index TRI

Category Type


Conservative


Moderate

An Open Ended Fund of Funds Scheme

investing in a basket of equity, debt, Gold and

other Exchange Traded Funds







Fund of Funds (Overseas/Domestic)

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

CRISIL Composite Bond Index and 10%

of S&P BSE 200 Index TRI.

^£CRISIL Hybrid 35+65 - Aggressive Index

(renamed from existing CRISIL Balanced

Fund Aggressive Index)


(Previous Name - HSBC Monthly #Income Plan)

An open ended Hybrid Scheme investing

predominantly in debt instruments.

Conservative Hybrid Fund

(Previous category - Income Scheme)

^£# CRISIL Hybrid 85+15 - Conservative Index

(renamed from existing MIP Blended Fund

Index)

A customized index with 70% weight to S&P

BSE200 TRI and 30% weight to CRISIL

Composite Bond Fund Index

HSBC Debt Fund

(Previous Name - HSBC Income Fund

- Investment Plan)


(Previous Name - HSBC Income Fund

- Short Term Plan)

An open ended Dynamic Debt Scheme

investing across duration

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

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

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

duration of the portfolio is between 1 year to

3 years.

Medium to Long Duration Fund

(Previous category - Income Scheme)

Short Duration Fund

(Previous category - Short Term Plan)

Dynamic Bond Fund

(Previous category - An open - ended Debt

Scheme)

CRISIL Composite Bond Fund Index

CRISIL Short Term Bond Fund Index


(Previous Name - HSBC Ultra Short

Term Bond Fund)

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

duration of the portfolio is between 6 months to

12 months.

Low Duration Fund

(Previous category - Debt Fund)

^£CRISIL Low Duration Debt Index (Previously

named as CRISIL Ultra Short Term Debt Index)

(Previous benchmark CRISIL Liquid Fund Index

- 90%, CRISIL Short Term Bond Fund Index

CRISIL Composite Bond Fund Index

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

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

Scheme Benchmark

HSBC Equity Hybrid Fund An open ended Hybrid scheme investing

predominantly in equity and equity related

instruments

Aggressive Hybrid fund

Hybrid Scheme

Other Schemes

Debt Schemes


05

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

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

HSBC Overnight Fund An open ended debt scheme investing

in overnight securities.

Overnight Fund CRISIL Overnight Index.

Fund Details

Date of Allotment 10-Dec-02

Benchmark Nifty 50 TRI

NAV (as on 31.10.19)

Growth ` 219.9662

Direct Growth ` 231.5450

AUM (as on 31.10.19) ` 673.25 Cr

AAUM (for the month of Oct) ` 657.26 Cr

Fund Manager & ExperienceNeelotpal Sahai

Total Experience 28 YearsManaging this fund Since May 27, 2013

1Minimum Investment

Lumpsum ` 5,000

SIP ` 500

Additional Purchase ` 1,000

Entry load : “NA”

Exit load : 1 % if redeemed / switched out

within 1 year from date of allotment, else nil2Ratios

Standard Deviation 13.18%

Beta (Slope) 0.973Sharpe Ratio 0.38

Month End Total Expenses Ratios 4(Annualized)

5Other than Direct 2.47%

Direct 1.53%

Portfolio Turnover (1 year) 0.83

EQUITY 96.19%

Reliance Industries Petroleum Products 10.33%

ICICI Bank Banks 10.32%

HDFC Bank Banks 9.59%

Kotak Mahindra Bank Banks 7.02%

Infosys Software 6.62%

ITC Consumer Non Durables 6.51%

Larsen & Toubro Construction Project 4.81%

Housing Development Finance 4.75%Finance Corp

Asian Paints Consumer Non Durables 4.03%

ICICI Prudential Life Finance 3.79%Insurance Co

Tata Consultancy Services Software 3.37%

Hindustan Unilever Consumer Non Durables 3.23%

Ultratech Cement Cement 3.08%

DLF Construction 2.72%

HCL Technologies Software 2.59%

Lupin Pharmaceuticals 2.21%

SBI Life Insurance Company Finance 2.21%

Axis Bank Banks 2.19%

MRF Auto Ancillaries 1.95%

The Indian Hotels Company Hotels/ Resorts And Other 1.81% Recreational Activities

Bharti Airtel Telecom - Services 1.67%

State Bank of India Banks 1.39%

Cash Equivalent 3.81%

TREPS 2.24%

Net Current Assets: 1.57%

Total Net Assets as on 31-Oct-2019 100.00%

% to Net AssetsIndustriesIssuer

*TREPS : Tri Party Repo Dealing System

This product is suitable for investors who are seeking*:

• To create wealth over long term

• Investment in predominantly large cap equity and equity related securities

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

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

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

(Annualized) for the last 3 years.3Risk free rate: 5.25% (FIMMDA-NSE Mibor) as

on October 31, 2019)4TER Annualized TER including GST on

Investment Management Fees5Continuing plans

Sector Allocation

Dividend is net dividend. Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: ̀ 10 per unit. For complete dividend history, please refer our website http://www.assetmanagement.hsbc.com/in

Dividend History (Rate `/Unit)

Record Date Plans/Options

Individual/HUF

NAV (`) Cum-Dividend

Dividend

26-Dec-18 1.77082 28.5568

28-Dec-17 3.50000 33.2519

02-Nov-16 3.00000 30.0022

Dividend - Direct

26-Dec-18 1.99217 30.2377

28-Dec-17 3.50000 34.7739

02-Nov-16 3.00000 31.0071

92.43%

3.76%3.81%

Large Cap Midcap Debt

Portfolio Classification By Market Segment Class (%)

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

Investors understand that their principal will be at Moderately High risk

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1.57%

2.24%

1.67%

1.81%

1.95%

2.21%

2.72%

3.08%

4.81%

10.33%

10.75%

12.58%

13.77%

30.51%

Net Current Assets

Reverse Repos/TREPS

Telecom - Services

Auto Ancillaries

Pharmaceuticals

Construction

Cement

Construction Project

Petroleum Products

Finance

Software

Consumer Non Durables

Banks

Hotels, Resorts And OtherRecreational Activities

Fund Details

EQUITY 97.45%







City Union Bank Banks 3.03%


Apollo Hospitals Enterprise Healthcare Services 2.80%


The Federal Bank Banks 2.53%



Voltas Consumer Durables 2.14%

State Bank of India Banks 2.12%

Torrent Pharmaceuticals Pharmaceuticals 2.01%


Crompton Greaves Cons Consumer Durables 1.88%Electrical


Prestige Estates Projects Construction 1.82%

Exide Industries Auto Ancillaries 1.75%



Cholamandalam Investment Finance 1.61%& Fin Co


P I Industries Pesticides 1.61%

Polycab India Industrial Products 1.61%

Aarti Industries Chemicals 1.58%



Whirlpool of India Consumer Durables 1.49%

Orient Electric Consumer Durables 1.48%

IPCA Laboratories Pharmaceuticals 1.48%

Kansai Nerolac Paints Consumer Non Durables 1.46%

Supreme Industries Industrial Products 1.40%


Balkrishna Industries Auto Ancillaries 1.33%

The Phoenix Mills Construction 1.30%

Thermax Industrial Capital Goods 1.28%

Kajaria Ceramics Construction 1.26%

JSW Energy Power 1.23%

United Breweries Consumer Non Durables 1.15%

V-Mart Retail Retailing 1.04%


Natco Pharma Pharmaceuticals 0.89%

Aarti Surfactants Chemicals 0.03%


TREPS 3.10%

Net Current Assets: -0.55%





• Long term wealth creation and income

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


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

1in multiples of Re 1 thereafter.2TER Annualized TER including GST on


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

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


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55.72%

39.18%

2.55%2.52% 0.03%

Large Cap Small CapMidcap OthersDebt


Date of Allotment 28-Mar-19

Benchmark NIFTY Large Midcap 250 TRI

NAV (as on 31.10.19)

Growth ` 10.1923


AUM (as on 31.10.19) ` 663.61 Cr

AAUM (for the month of ) ` 638.50 CrOct

Fund Manager & Experience

Neelotpal Sahai

Total Experience 28 Years

Managing this fund Since Mar 28, 2019

Amaresh Mishra

Total Experience 18 YearsManaging this fund Since July 23, 2019

1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




within 1 year from date of allotment, else nil



Direct 0.81%

Sector Allocation

-0.55%

3.10%

1.04%

1.23%

1.28%

1.61%

1.61%

1.69%

1.72%

1.87%

2.80%

3.01%

3.33%

4.38%

4.41%

4.71%

5.06%

5.71%

5.76%

6.99%

10.50%

28.74%

Net Current Assets

Reverse Repos/TREPS

Retailing

Power

Industrial Capital Goods

Chemicals

Pesticides

Telecom - Services

Cement

Healthcare Services

Industrial Products


Pharmaceuticals

Petroleum Products

Finance

Auto Ancillaries

Software

Construction

Consumer Durables


Banks


Fund Details

Date of Allotment 24-Feb-04

Benchmark S&P BSE 200 TRI

NAV (as on 31.10.19)

Growth ` 84.7071


AUM (as on 31.10.19) ` 445.80 Cr



Neelotpal Sahai


Managing this fund Since May 27, 20131Minimum Investment

Lumpsum ` 5,000

SIP ` 500









Direct 1.39%


EQUITY 96.98%




Bajaj Finance Finance 6.32%











ICICI Securities Finance 2.27%




Vinati Organics Chemicals 1.94%

Gayatri Projects Construction 1.75%



Inox Leisure Media & Entertainment 1.27%



NRB Bearing Industrial Products 0.86%



Sanghvi Movers Industrial Capital Goods 0.08%

Kridhan Infra Construction Project 0.04%



TREPS 2.63%











• Invests in equity and equity related securities across market capitalisations


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

Investment Objective: Seeks long term capital growth through investments across all market capitalisations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move a significant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

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

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

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



Individual/HUF


Dividend

26-Feb-19 1.68228 23.5590

27-Feb-18 2.25000 28.2124

24-Mar-17 1.50000 25.8408

Dividend - Direct

26-Feb-19 1.90363 26.3947

27-Feb-18 2.25000 31.1273

24-Mar-17 1.50000 28.1677


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77.15%

11.32%

8.48%

3.02%

Sector Allocation

0.03%

Large Cap Midcap Small Cap Debt Others

0.39%

2.63%

0.64%

1.27%

1.35%

2.10%

2.21%

2.39%

2.51%

2.59%

3.15%

5.00%

5.98%

7.39%

7.64%

8.26%

19.15%

25.35%

Net Current Assets

Reverse Repos/TREPS

Pesticides

Media & Entertainment


Telecom - Services

Consumer Durables

Pharmaceuticals

Industrial Products

Chemicals


Construction

Petroleum Products


Software

Finance

Banks


Fund Details

Date of Allotment 19-May-05

Benchmark S&P BSE 250 Small Cap Index

TRI

NAV (as on 31.10.19)

Growth ` 44.8754


AUM (as on 31.10.19) ` 690.15 Cr



Ankur Arora


Managing this fund Since Aug 05, 20191Minimum Investment

Lumpsum ` 5,000

SIP ` 500






Beta (Slope) 1.003Sharpe Ratio -0.20



Direct 1.02%


EQUITY 93.86%

Vinati Organics Chemicals 3.45%

KEI Industries Industrial Products 3.42%

Amber Enterprises India Consumer Durables 3.18%


DCB Bank Banks 2.87%


Dixon Technologies (India) Consumer Durables 2.63%




Century Plyboards (India) Consumer Durables 2.36%

JK Lakshmi Cement Cement 2.31%

Chalet Hotels Hotels/ Resorts And Other 2.12% Recreational Activities


APL Apollo Tubes Ferrous Metals 2.11%

Deccan Cements Cement 2.02%

Can Fin Homes Finance 2.00%

EIH Hotels/ Resorts And Other 1.94% Recreational Activities

Cera Sanitaryware Construction 1.94%

Escorts Auto 1.91%

JB Chemicals & Pharmaceuticals 1.88%Pharmaceuticals

Nilkamal Industrial Products 1.83%


VIP Industries Consumer Durables 1.71%

Gujarat Gas Gas 1.71%

Mahindra Logistics Transportation 1.67%

CCL Products (India) Consumer Non Durables 1.65%

Teamlease Services Commercial Services 1.64%

Carborundum Universal Industrial Products 1.63%

Sonata Software Software 1.59%

Srikalahasthi Pipes Ferrous Metals 1.57%



Ashoka Buildcon Construction Project 1.49%


NRB Bearing Industrial Products 1.42%

Kalpataru Power Power 1.41%Transmission

Creditaccess Grameen Finance 1.39%

Future Lifestyle Fashions Retailing 1.19%

MM Forgings Industrial Products 1.17%

Oriental Carbon & Chemicals 1.16%Chemicals

Gayatri Projects Construction 1.13%

Redington (India) Transportation 1.12%

TTK Prestige Consumer Durables 1.08%

KNR Constructions Construction 1.01%

Aegis Logistics Gas 0.96%

Somany Ceramics Construction 0.95%

NCL Industries Cement 0.79%

Heritage Foods Consumer Non Durables 0.69%

PTC India Power 0.69%

Thomas Cook (India) Services 0.68%


Khadim India Consumer Durables 0.45%

VA Tech Wabag Engineering Services 0.42%

Apex Frozen Foods Consumer Non Durables 0.34%

CMI Industrial Products 0.25%

One Point One Solutions Software 0.17%

Macpower CNC machines Industrial Capital Goods 0.12%

Sarla Performance Fibers Textiles - Synthetic 0.06%




TREPS 6.46%











• Investment in predominantly small cap equity and equity related securities


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

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

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

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

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



Individual/HUF


Dividend

30-May-19 1.33 20.0428

30-May-18 1.77 25.4966

02-Nov-16 1.75 21.5706

Dividend - Direct

30-May-19 1.33 24.6882

30-May-18 1.77 30.7095

02-Nov-16 1.75 25.3345


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Sector Allocation


70.18%

23.50%

6.14% 0.18%

OthersMidcapSmall Cap Debt


-0.32%

6.46%

0.06%

0.42%

0.58%

0.68%

1.55%

1.64%

1.76%

1.88%

1.91%

2.10%

2.11%

2.62%

2.67%

2.68%

2.79%

3.39%

3.68%

4.06%

5.12%

7.21%

7.45%

9.72%

10.71%

17.07%

Net Current Assets

Reverse Repos/TREPS

Textiles - Synthetic

Engineering Services


Services


Commercial Services

Software

Pharmaceuticals

Auto

Power


Retailing

Gas


Transportation

Finance

Ferrous Metals

Cement

Chemicals

Banks

Industrial Products

Construction

Consumer Durables

Fund Details

Date of Allotment 23-Feb-06

Benchmark S&P BSE India Infrastructure

Index TRI

NAV (as on 31.10.19)

Growth ` 15.3399


AUM (as on 31.10.19) ` 90.19 Cr



Gautam Bhupal


Managing this fund Since May 11, 20181Minimum Investment

Lumpsum ` 5,000

SIP ` 500






Beta (Slope) 1.133Sharpe Ratio -0.38



Direct 1.25%


EQUITY 97.06%



Adani Ports & Special Transportation 7.33%Economic Zone

KEI Industries Industrial Products 6.97%

NTPC Power 6.79%


ACC Cement 2.96%

NCC Construction Project 2.95%

Gujarat Gas Gas 2.83%

APL Apollo Tubes Ferrous Metals 2.82%

Hindustan Petroleum Petroleum Products 2.82%Corporation

Schaeffler India Industrial Products 2.80%

Deccan Cements Cement 2.66%

Sadbhav Engineering Construction Project 2.33%


KNR Constructions Construction 2.23%

Carborundum Universal Industrial Products 2.18%

Srikalahasthi Pipes Ferrous Metals 1.97%

Ahluwalia Contracts (India) Construction 1.97%



Bharat Electronics Industrial Capital Goods 1.64%

Jindal Steel & Power Ferrous Metals 1.61%

Graphite India Industrial Products 1.58%

Macpower CNC machines Industrial Capital Goods 1.54%

JSW Energy Power 1.52%


Kalpataru Power Power 1.43%Transmission

Ashoka Buildcon Construction Project 1.43%

Bharat Heavy Electricals Industrial Capital Goods 1.41%

CMI Industrial Products 1.31%

Sterlite Technologies Telecom - Equipment & 1.16% Accessories


Jindal Saw Ferrous Metals 0.89%

VA Tech Wabag Engineering Services 0.76%



TREPS 2.52%











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


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

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

Dividend is gross dividend. Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: ̀ 10 per unit. For complete dividend history, please refer our website http://www.assetmanagement.hsbc.com/in



Individual/HUF


Dividend

26-May-08 1.00 13.7160

11-May-07 1.00 12.2390

Investors understand that their principal will be at High risk

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Sector Allocation


42.80%

36.67%

16.05%

2.94% 1.54%

Large Cap Small Cap Midcap OthersDebt

0.42%

2.52%

0.76%

1.16%

2.83%

7.29%

7.33%

7.85%

7.92%

9.74%

10.25%

10.53%

14.84%

16.56%

Net Current Assets

Reverse Repos/TREPS

Engineering Services

Telecom - Equipment &Accessories

Gas

Ferrous Metals

Transportation


Cement

Power

Construction

Petroleum Products

Industrial Products


Fund Details

Date of Allotment 05-Jan-07

Benchmark S&P BSE 200 TRI

NAV (as on 31.10.19)

Growth ` 37.0328


AUM (as on 31.10.19) ` 154.54 Cr



Gautam Bhupal


Managing this fund Since July 23, 20191Minimum Investment

Lumpsum ` 5,000

SIP ` 500



Exit load : Nil2Ratios




5Other than Direct 2.50%Direct 1.24%


EQUITY 99.32%








Maruti Suzuki India Auto 4.20%

ACC Cement 3.15%




GlaxoSmithKline Consumer Consumer Non Durables 2.51%Healthcare




AU Small Finance Bank Banks 2.02%





United Breweries Consumer Non Durables 1.65%

Finolex Cables Industrial Products 1.62%


Bharat Electronics Industrial Capital Goods 1.53%

Abbott India Pharmaceuticals 1.48%



Sun Pharmaceutical Industries Pharmaceuticals 1.25%





Dalmia Bharat Cement 0.97%

Indian Terrain Fashions Textile Products 0.33%


TREPS 0.97%






(Annualized) for the last 3 years.3Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on

October 31, 2019)4TER Annualized TER including GST on Investment

Management Fees5Continuing plans

Sector Allocation




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


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

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

72.06%

17.24%

10.02%0.68%



Individual/HUF


Dividend

24-Jan-19 1.54946 20.7121

30-Jan-18 2.50000 26.4229

24-Mar-17 1.50000 23.1073

Dividend - Direct

24-Jan-19 1.77082 21.9059

30-Jan-18 2.50000 27.6259

24-Mar-17 1.50000 23.9550


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Large Cap Small CapMidcap Debt

11

Dividend is gross dividend. Upon payment of dividend, the NAV per unit falls to the extent of payout and statutory levy, if any. Face value: ̀ 10 per unit. For complete dividend history, please refer our website http://www.assetmanagement.hsbc.com/in

-0.29%

0.97%

0.33%

1.06%

1.53%

1.54%

1.67%

1.92%

2.02%

2.27%

3.06%

4.02%

4.20%

4.77%

4.98%

5.15%

5.37%

5.40%

5.40%

7.48%

37.15%

Net Current Assets

Reverse Repos/TREPS

Textile Products



Healthcare Services

Finance

Telecom - Services

Auto Ancillaries

Industrial Products

Consumer Durables

Auto


Software

Construction

Pharmaceuticals

Cement

Petroleum Products


Banks


Fund Details

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

70% of S&P BSE 200 TRI Index and

30% of CRISIL Composite Bond Fund

Index.

NAV (as on 31.10.19)

Growth ` 11.1256


AUM (as on 31.10.19) ` 656.24 Cr

AAUM (for the month of ) ` 650.35 CrSep


Neelotpal Sahai (For Equity)


Managing this fund Since Oct 22, 2018

Kapil Punjabi (For Debt)


Managing this fund Since Feb 18, 2019

Ranjithgopal K.A. (For Equity)


Managing this fund Since July 23, 20191Minimum Investment

Lumpsum ` 5,000

SIP ` 500



Exit load : For 10% of the units redeemed /

switched-out within 1 year from the date of

allotment : Nil

For remaining units redeemed or switched-out

within 1 year from the date of allotment 1.00%



Direct 0.99%


Money Market Instruments

Certificate of Deposit 2.96%

ICICI Bank [ICRA]A1+ 1.50%

National Bk for Agriculture CRISIL A1+ 1.46%& Rural Dev.

Corporate/ PSU Debt

Corporate Bonds / Debentures 13.89%

National Bk for Agriculture & CRISIL AAA 3.92%Rural Dev.

Housing & Urban CARE AAA 2.34%Development Corp

Aditya Birla Finance [ICRA]AAA 2.29%

REC CRISIL AAA 1.88%

Housing Development CRISIL AAA 1.55%Finance Corp

Reliance Industries CRISIL AAA 1.14%

Small Industries Development CARE AAA 0.77%BK of India

EQUITY 79.24%
















Tech Mahindra Software 1.41%







Polycab India Industrial Products 1.11%



The Indian Hotels Company Hotels/ Resorts And 1.04% Other Recreational Activities

Balkrishna Industries Auto Ancillaries 1.01%









JK Lakshmi Cement Cement 0.88%


Government Securities 2.36%

6.84% GOVT OF INDIA RED SOVEREIGN 1.56%19-12-2022



TREPS 0.92%



Sector Allocation% to Net Assets

Industries/RatingsIssuer



• Long term wealth creation and income

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


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


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1in multiples of Re 1 thereafter 2TER Annualized TER including GST on

Investment Management Fees.3Continuing plans

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

12

61.89%

20.76%

13.55%

Large Cap Midcap Small Cap


Debt

3.80%

Rating Profile

Reverse Repos/ TREPS 0.92%

AAA and Equivalents 16.85%

Net Current Assets 0.63%

SOVEREIGN 2.36%

0.63%

0.92%

0.90%

0.95%

0.97%

1.04%

1.09%

1.71%

2.04%

2.09%

2.21%

2.36%

2.46%

2.51%

3.37%

4.14%

7.28%

7.74%

8.98%

22.15%

24.46%

Net Current Assets

Reverse Repos/TREPS

Retailing



Pesticides

Telecom - Services

Consumer Durables

Industrial Products

Auto Ancillaries

Miscellaneous

Cement

Pharmaceuticals


Construction

Petroleum Products

Software


Finance

Banks


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

Fund Details

% to Net AssetsIssuer

EQUITY 97.15%

HGIF - Global Emerging Markets Equity Overseas Mutual Fund 97.15%(Share Class S1D)


TREPS 1.15%




Date of Allotment: 17-Mar-08

Benchmark: MSCI Emerging Markets Index TRI

NAV (as on 31.10.19)

Growth ` 14.2736

Direct Growth 14.9922 `

AUM (as on 31.10.19) ` 9.08 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




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



Riskometer

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Investment Objective:The primary investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units/shares of HSBC Global Investment Funds - Global Emerging Markets Equity Fund. The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


Priyankar Sarkar


Managing this fund Since July 23, 2019


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

2Ratios


Beta (Slope) 1.013 Sharpe Ratio 0.21

1 in multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on October 31, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying

schemes5 Continuing plans


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

Dividend

27-Jun-14 0.50000 11.5335

Dividend - Direct

27-Jun-14 0.50000 11.6656

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

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

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

Sector Allocation

1.70%

1.15%

97.15%

Net Current Assets

Reverse Repos / TREPS

Overseas Mutual Fund

Industries

4Month End Total Expenses Ratios (Annualized) 5

Other than Direct 2.36%

Direct 1.66%

HSBC Asia Pacific (Ex Japan)Dividend Yield FundAn open ended fund of fund scheme investing in HSBC Global Investments Fund - Asia Pacific Ex Japan Equity High Dividend Fund

Fund Details



Date of Allotment: 24-Feb-14

Benchmark: MSCI AC Asia Pacific ex Japan TRI

NAV (as on 31.10.19)

Growth ` 14.8784


AUM (as on 31.10.19) ` 6.03 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




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



Riskometer

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Investment Objective: To provide long term capital appreciation by investing predominantly

in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High

Dividend Fund (HEHDF). The Scheme may also invest a certain proportion of its corpus in

money market instruments and / or units of liquid mutual fund schemes, in order to meet

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

that the investment objective of the scheme would be achieved.


Priyankar Sarkar





2Ratios



1 in multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on October 31, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying


Sector Allocation

0.17%

3.91%

95.92%

Net Current Assets



Industries

4Month End Total Expenses Ratios (Annualized) 5Other than Direct 2.00%

Direct 1.24%

13

EQUITY 95.92%HGIF - Asia Pacific ex Japan Equity Overseas Mutual Fund 95.92%High Dividend (Share Class S9D)Cash Equivalent 4.08%TREPS 3.91%Net Current Assets: 0.17%Total Net Assets as on 31-Oct-2019 100.00%

HSBC Brazil Fund

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

Fund Details


EQUITY 99.32%

HGIF - Brazil Equity (Share Class S3D) Overseas Mutual Fund 99.32%


TREPS 2.19%




Date of Allotment: 06-May-11

Benchmark: MSCI Brazil 10/40 Index TRI

NAV (as on 31.10.19)

Growth ` 9.0091


AUM (as on 31.10.19) ` 28.15 Cr

(for the month of Oct) 28.19 CrAAUM `

1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




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



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


Priyankar Sarkar





2Ratios


Beta (Slope) 1.003

Sharpe Ratio 0.18

1 In multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on October 31, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying

schemes5Continuing plans

Sector Allocation

-1.51%

2.19%

99.32%

Net Current Assets



Industries

4Month End Total Expenses Ratios (Annualized) 5

Other than Direct 2.35%

Direct 1.61%

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

Fund Details


EQUITY 98.67%

HGIF - China Consumer Opportunities Overseas Mutual Fund 98.67%S5 Cap


TREPS 1.73%


Total Net Assets as on 31-Oct-2019 100.00%*TREPS : Tri Party Repo Dealing System


Benchmark: MSCI AC World Index TRI

NAV (as on 31.10.19)

Growth ` 13.7956


AUM (as on 31.10.19) ` 3.35 Cr


1Minimum Investment

Lumpsum ` 5,000

SIP ` 500




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



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Investment Objective: The primary investment objective of the scheme is to provide long

term capital appreciation by investing predominantly in units of HSBC Global Investment

Funds (HGIF) China Consumer Opportunities Fund (Underlying scheme). TheScheme may,

also invest a certain proportion of its corpus in money market instruments and / or units of

liquid mutual fund schemes, in order to meet liquidity requirements from time to time.

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

scheme would be achieved.



2Ratios


Beta (Slope) 1.033

Sharpe Ratio 0.59

1 In multiples of Re 1 thereafter.2 Ratios disclosed are as per monthly returns (Annualized) for the last 3 years.3 Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on October 31, 2019)4 TER Includes "GST on Investment Management fees and expenses of Underlying


Sector Allocation

-0.40%

1.73%

98.67%

Net Current Assets



Industries

4Month End Total Expenses Ratios (Annualized) 5Other than Direct 2.16%

Direct 1.45%


Priyankar Sarkar



14

HSBC Managed SolutionsIndia - Growth

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

HSBC Managed SolutionsIndia - Moderate


Sector Allocation

Mutual Fund 99.79%

0.55%Reverse Repos/TREPS

Net Current Assets -0.34%


Mutual Fund

Domestic Mutual Fund Unit 99.79%

HSBC Large Cap Equity Fund - Growth Direct 50.45%

HSBC Small Cap Equity Fund - Growth Direct 16.74%

HSBC Short Duration Fund - Growth Direct 15.88%

HSBC Flexi Debt Fund - Growth Direct 10.44%

HSBC Debt Fund - Growth Direct 6.28%


TREPS 0.55%



HSBC Managed SolutionsIndia - Conservative


Sector Allocation

Mutual Fund 99.19%

Reverse Repos/TREPS 1.09%

Net CurrentAssets -0.28%

Fund Details

Date of Allotment: 30-Apr-14

Benchmark: CRISIL Hybrid 35+65 - Aggressive Fund Index

NAV (as on 31.10.19)

Growth ` 17.3748


AUM (as on 31.10.19) ` 131.36 Cr


1Ratios


Beta (Slope) 1.04

2Sharpe Ratio 0.20

3Month End Total Expenses Ratios (Annualized)


Direct 1.32%

Fund Details

1Ratios


Beta (Slope) 0.60

2Sharpe Ratio 0.06



Direct 0.97%


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

NAV (as on 31.10.19)

Growth ` 15.2083


AUM (as on 31.10.19) ` 140.80 Cr



Mutual Fund



IDFC Dynamic Bond Fund - Direct Pl - Growth 24.14%

HSBC Flexi Debt Fund - Growth Direct 15.27%




TREPS 1.09%



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

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

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

1 2 3Ratios: disclosed are as per monthly returns (Annualized) for the last 3 years. Risk free rate: 5.25% (FIMMDA-NSE Mibor) as on October 31, 2019) TER Includes "GST on Investment Management fees and expenses of Underlying schemes". The investor will bear the recurring expenses of the scheme, in addition to the expenses of underlying scheme.

Fund Details


Mutual Fund



HSBC Small Cap Equity Fund - Growth Direct 20.46%




TREPS 1.11%



Sector Allocation

Mutual Fund 96.14%

Reverse Repos/TREPS 1.11%

Net CurrentAssets 2.75%

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


Benchmark: Composite Index constituting 80% of S&P

BSE 200 TRI Index and 20% of CRISIL Composite Bond

Fund Index

NAV (as on 31.10.19)

Growth ` 18.1791


AUM (as on 31.10.19) ` 84.37 Cr


1Ratios


Beta (Slope) -0.21

2Sharpe Ratio 0.21



Direct 1.42%



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



• To create wealth and provide income over the long term

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



• To provide income over the long-term;

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


Investors understand that their principal will be at Moderate risk

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will be at Moderately High risk

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

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

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

Fund / Benchmark

(Value of `10,000 invested)

1 Year 3 Years 5 Years Since Inception

Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Brazil Fund Inception Date: 06-May-11

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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


Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 10-Dec-02


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

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

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

Fund Manager - Neelotpal Sahai Effective 27 May 2013. Total Schemes Managed - 4

10,624 6.24 11,594 5.04 13,989 6.94 84,761 14.59

11,366 13.66 13,788 11.27 15,667 9.39 81,234 14.28

11,593 15.93 14,313 12.66 15,221 8.76 80,235 14.19

HSBC Multi Cap Equity Fund - Growth

1Scheme Benchmark (S&P BSE 200 TRI)

Additional Benchmark (Nifty 50 TRI)

Fund Manager - Neelotpal Sahai Effective 27 May 2013. Total Schemes Managed - 4

Fund Manager - Priyankar Sarkar Effective 23 July 2019. Total Schemes Managed - 4

10,479 4.79 12,099 6.54 10,960 1.85 9,010 -1.22

11,192 11.92 14,006 11.85 14,253 7.34 14,345 4.34

11,593 15.93 14,313 12.66 15,221 8.76 23,875 10.79

HSBC Brazil Fund - Growth

Scheme Benchmark (MSCI Brazil 10/40 Index TRI)



11,076 10.76 12,175 6.76 14,413 7.58 37,052 10.75

11,366 13.66 13,788 11.27 15,667 9.39 35,702 10.43

11,593 15.93 14,313 12.66 15,221 8.76 34,882 10.23

HSBC Tax Saver Equity Fund - Growth

Scheme Benchmark (S&P BSE 200 TRI)


Fund Manager - Gautam Bhupal Effective 23 July 2019. Total Schemes Managed - 6

16

11,591 15.91 13,251 9.81 15,075 8.55 2,20,066 20.07

11,593 15.93 14,313 12.66 15,221 8.76 1,41,433 16.97

11,797 17.97 14,902 14.18 15,383 8.99 1,57,567 17.72

HSBC Large Cap Equity Fund - Growth

Scheme Benchmark (Nifty 50 TRI)

Additional Benchmark (S&P BSE Sensex TRI)

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

HSBC Global Emerging Markets Fund - Growth

Scheme Benchmark (MSCI Emerging Market Index TRI)


10,579 5.79 12,416 7.46 12,398 4.39 14,279 3.11

10,733 7.33 13,186 9.63 13,372 5.98 23,089 7.46

11,593 15.93 14,313 12.66 15,221 8.76 30,393 10.03

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 23-Feb-15


Please Note : “NA” means not available.


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

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

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

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


11,023 10.23 13,511 10.52 14,048 7.03 14,879 7.24

10,929 9.29 13,618 10.81 14,306 7.42 15,391 7.88

11,593 15.93 14,313 12.66 15,221 8.76 20,676 13.63


Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI)



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Fund / Benchmark


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

9,383 -6.17 8,233 -6.26 8,929 -2.24 15,332 3.17

10,012 0.12 10,133 0.44 11,009 1.94 NA NA

11,593 15.93 14,313 12.66 15,221 8.76 46,003 11.79

HSBC Infrastructure Equity Fund - Growth

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


Fund Manager - Gautam Bhupal Effective 11 May 2018. Total Schemes Managed - 6

9,540 -4.60 9,605 -1.33 13,227 5.75 44,873 10.94

9,565 -4.35 9,925 -0.25 11,815 3.39 NA NA

11,593 15.93 14,313 12.66 15,221 8.76 71,841 14.61

HSBC Small Cap Equity Fund - Growth

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


Fund Manager - Ankur Arora Effective 05 Aug 2019. Total Schemes Managed - 1


10,834 8.34 14,378 12.83 NA NA 13,799 7.11

10,804 8.04 14,683 13.62 NA NA 15,553 9.88

11,593 15.93 14,313 12.66 NA NA 14,457 8.18

HSBC Global Consumer Opportunities Fund - Benefiting from 1

China's Growing Consumption Power - Growth

Scheme Benchmark (MSCI AC World Index TRI)


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

17

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 30-Apr-14

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Inception Date: 30-Apr-14



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

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

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

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


Fund Manager - Gautam Bhupal (For Equity) Effective 21 October 2015. Total Schemes Managed - 6

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


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


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

HSBC Managed Solutions India - Moderate

HSBC Managed Solutions India Moderate - Growth

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


Additional Benchmark (CRISIL 10 Year Gilt Index)

10,961 9.61 12,209 6.86 14,902 8.30 17,373 10.55

11,380 13.80 13,357 10.10 15,725 9.47 18,905 12.26

11,593 15.93 14,313 12.66 15,221 8.76 19,091 12.46

11,473 14.73 12,007 6.27 14,971 8.40 15,952 8.85

HSBC Managed Solutions India - Conservative

HSBC Managed Solutions India Conservative - Growth

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



10,782 7.82 11,754 5.52 13,956 6.89 15,208 7.91

11,357 13.57 12,595 7.97 15,397 9.01 16,962 10.07

11,593 15.93 14,313 12.66 15,221 8.76 19,091 12.46

11,473 14.73 12,007 6.27 14,971 8.40 15,952 8.85

18

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

11,034 10.34 12,333 7.22 14,978 8.41 18,175 11.46

11,365 13.65 13,596 10.75 15,624 9.33 19,478 12.87

11,593 15.93 14,313 12.66 15,221 8.76 19,091 12.46

11,473 14.73 12,007 6.27 14,971 8.40 15,952 8.85

HSBC Managed Solutions India - Growth

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



Fund / Benchmark


1 Year Since Inception

Amount in `

Amount in `

Returns(%)

Returns(%)

Inception Date: 22-Oct-18

Fund Manager - Neelotpal Sahai (For Equity) Effective 22 October 2018. Total Schemes Managed - 4

Fund Manager - Ranjithgopal K A (For Equity) Effective 23 July 2019. Total Schemes Managed - 1

Fund Manager - Kapil Punjabi (For Debt) Effective 18 February 2019. Total Schemes Managed - 8


HSBC Equity Hybrid Fund - Reg - Growth

Scheme Benchmark (30% of CRISIL Composite Bond Fund Index and 70% of S&P BSE 200 TRI)


11,037 10.37 11,126 10.97

11,364 13.64 11,560 15.20

11,593 15.93 11,765 17.19




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

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

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

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

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

19

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

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

Total amount invested (`)

Market Value as on October 31, 2019 (`)

Scheme Returns (%)

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

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

Nifty 50 TRI - Additional Benchmark (`)

Nifty 50 TRI - Additional Benchmark Returns (%)

120000 360000 600000 680000

127680 407469 756338 871083

12.11 8.22 9.20 8.66

126537 403112 752595 870181

10.28 7.49 9.00 8.62

128571 426307 792204 933188

13.54 11.31 11.07 11.08

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




Scheme Returns (%)

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

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



120000 360000 600000 1540000

125433 379959 711396 3440776

8.51 3.54 6.75 11.79

127859 414132 778795 3408566

12.37 9.32 10.37 11.66

128635 426127 792153 3313276

13.62 11.27 11.06 11.26

HSBC Infrastructure Equity Fund Date of Inception : 23 Feb 06




Scheme Returns (%)

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

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



120000 360000 600000 1640000

112318 283720 494486 1883799

-11.65 -14.87 -7.57 1.99

116546 330036 611886 NA

-5.29 -5.57 0.77 NA

128635 426127 792153 3725598

13.62 11.27 11.06 11.26

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




Scheme Returns (%)

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

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



120000 360000 600000 1740000

115080 318536 595314 3486293

-7.52 -7.79 -0.31 9.03

115008 318061 598962 NA

-7.62 -7.88 -0.07 NA

128635 426127 792153 4312086

13.62 11.27 11.06 11.64



Pursuant to the circular issued by SEBI on 'Categorization and Rationalization of the Schemes', there has been change in the fundamental attribute(s) of the aforesaid scheme(s) effective from Mar 14, 2018.1TRI data of Scheme Benchmark is not available since inception of the scheme. Scheme Benchmark performance is calculated using Composite CAGR of S&P BSE 200 PRI values from date 24-Feb-2004 to date 31-July-2006 and TRI values since date 01-Aug-2006.


20

SIP Performance of Equity SchemesHSBC Multi Cap Equity Fund Date of Inception : 24 Feb 04




Scheme Returns (%)

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

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



120000 360000 600000 1890000

123114 371645 687351 5189898

4.85 2.08 5.38 11.82

127859 414132 778795 5603156

12.37 9.32 10.37 12.66

128635 426127 792153 5514106

13.62 11.27 11.06 12.48

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




Scheme Returns (%)

MSCI Emerging Market Index TRI - Scheme Benchmark (`)

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



120000 360000 600000 1390000

125013 383946 703077 1896459

7.87 4.23 6.28 5.21

125480 396941 738372 2280024

8.61 6.46 8.24 8.21

128446 426182 792124 2861015

13.37 11.29 11.06 11.84

HSBC Brazil Fund Date of Inception : 06 May 11




Scheme Returns (%)

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

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



120000 360000 600000 1010000

124718 421740 806209 1206500

7.39 10.57 11.77 4.15

131485 461070 930418 1524741

18.27 16.77 17.59 9.55

128596 426238 792511 1709789

13.59 11.29 11.08 12.17

Date of Inception : 30 Apr 14




Scheme Returns (%)

2Customised Benchmark Index - Scheme Benchmark (`)

Customised Benchmark Index - Scheme Benchmark Returns (%)



120000 360000 600000 660000

125746 388470 724737 821761

9.01 5.01 7.49 7.89

127896 413287 771648 874446

12.44 9.18 10.00 10.14

128597 426043 791862 893201

13.56 11.26 11.05 10.92

HSBC Large Cap Equity Fund Date of Inception : 10 Dec 02




Scheme Returns (%)

Nifty 50 TRI - Scheme Benchmark (`)

Nifty 50 TRI - Scheme Benchmark Returns (%)

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

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

120000 360000 600000 2030000

129633 409525 763638 7309676

15.22 8.56 9.58 13.70

128635 426127 792153 7258423

13.62 11.27 11.06 13.63

129925 438432 814096 7670121

15.70 13.24 12.16 14.18




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

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

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


The Fund offers flexible and convenient Systematic Investment Plan (SIP) facility. To illustrate the advantages of SIP investments, this is how your investments would have grown if you had invested say `10,000 systematically on the first Business Day of every month over a period of time in the Growth Option of Respective Scheme. The returns are calculated by XIRR approach assuming investment of ̀ 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with correct allowance for the time impact of the transactions.

21

1HSBC Managed Solutions India - Conservative - Growth Date of Inception : 30 Apr 14




Scheme Returns (%)2Customised Benchmark Index - Scheme Benchmark (`)2Customised Benchmark Index - Scheme Benchmark Returns (%)



120000 360000 600000 660000

124245 391770 701144 788692

6.63 5.57 6.17 6.41

128095 410634 747725 844511

12.76 8.74 8.74 8.88

128597 426043 791862 893201

13.56 11.26 11.05 10.92

HSBC Global Consumer Opportunities Fund - Benefiting from 3

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




Scheme Returns (%)

MSCI AC World Index TRI - Scheme Benchmark (`)

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



120000 360000 NA 560000

129708 417061 NA 703862

15.36 9.80 NA 9.75

130345 429870 NA 736500

16.39 11.88 NA 11.72

128566 426252 NA 732741

13.52 11.29 NA 11.50

HSBC Equity Hybrid Fund Date of Inception : 22 Oct 18

Scheme Name & Benchmarks 1 Year Since Inception



Scheme Returns (%)2Customised Benchmark Index - Scheme Benchmark (`)2Customised Benchmark Index - Scheme Benchmark Returns (%)



120000 120000

126440 126440

10.11 10.11

127950 127950

12.52 12.52

128635 128635

13.62 13.62

1HSBC Managed Solutions India - Moderate - Growth Date of Inception : 30 Apr 14




Scheme Returns (%)

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

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



120000 360000 600000 660000

125315 388652 720442 815841

8.32 5.04 7.25 7.63

128042 413752 770013 872551

12.67 9.26 9.92 10.07

128597 426043 791862 893201

13.56 11.26 11.05 10.92


HSBC Debt Fund


HSBC Cash Fund



For Debt: Kapil Punjabi (Since 18 Feb 2019)

For Equity: Guatum Bhupal ( 23 July 2019)Since

Kapil Punjabi Since ( 18 Feb 2019)

Kapil Punjabi ( 23 Dec 2016)Since

Kapil Punjabi ( 14 Mar 2014)Since

Kapil Punjabi ( 18 Oct 2014)Since

Kapil Punjabi Since ( 18 Feb 2019)

Name of Scheme Fund Manager Total Experience

Fund Managers - Debt

Kapil Punjabi: Over 13 Years

Guatum Bhupal: Over 15 Years






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


HSBC Large and Mid Cap Equity Fund



HSBC Infrastructure Equity Fund

HSBC Tax Saver Equity Fund



HSBC Brazil Fund


HSBC Managed Solutions

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

Neelotpal Sahai (Since 27 May 2013)

Neelotpal Sahai (Since 28 Mar 2019)Amaresh Mishra (Since 23 July 2019)

Neelotpal Sahai (Since 27 May 2013)

Ankur Arora (Since 05 Aug 2019)

Gautam Bhupal (Since 11 May 2018)

Gautam Bhupal (Since 23 July 2019)

For Equity: Neelotpal Sahai (Since 22 Oct 2018)

For Equity: Ranjithgopal K A (Since 23 July 2019)

For Debt: Kapil Punjabi (Since 18 Feb 2019)

Priyankar Sarkar (Since 23 July 2019)



Equity: Gautam Bhupal (Since 21 Oct 2015)

Debt: Anitha Rangan (Since 18 Feb 2019)


Name of Scheme Fund Manager Total Experience

Fund Managers - Equity

Neelotpal Sahai: Over 28 Years

Neelotpal Sahai: Over 28 YearsAmaresh Mishra : Over 18 Years


Ankur Arora: Over 15 Years

Gautam Bhupal: Over 15 Years



Ranjithgopal K A: Over 13 Years


Priyankar Sarkar: Over 10 Years




Anitha Rangan: Over 16 Years


22

Fund Details

Date of Allotment: 22-May-19

Benchmark: Overnight CRISIL

Index

NAV (as on 31.10.19)

Growth ` 1,023.3007

Direct Growth 1,023.9875 `

AUM as on ` 172.41 Cr ( 31.10.19)



Kapil Punjabi

Total Experience 1 Years3

Managing this fund Since May 22, 2019

Minimum Investment 1

Lumpsum 5,000 `

SIP 500 `

Additional Purchase 1,000 `

Entry Load : “NA”

Exit Load : NIL

Month End Total Expenses Ratios

(Annualized) 2

Other than Direct 0.26%3

Direct 0.11%

Cash Equivalent

TREPS 99.96%



Rating % to Net AssetsIssuer

1in multiples of Re 1 thereafter 2TER is annualized and Includes GST on Investment Management fees3Continuing plans4YTM Based on invested Amount



• income over short term and high liquidity

• investment in debt & money market instruments with overnight maturity


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

YTM 4.84%4

Average Maturity 0.00 year

Modified Duration 0.00 year

Quantitative Data

Rating Profile

Net Current AssetsReverse Repos/TREPS

99.96%

0.04%

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

Investors understand that their principal will be at Low risk

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Cum Dividend

Record Date/ Plans/Options OtherIndividual

/HUF

Dividend History ( per unit)`

Other than Direct - Monthly Dividend

25-Oct-19 2.77856 2.57296 1003.8574

25-Sep-19 2.99191 2.77053 1004.1536

26-Aug-19 0.79510 0.73627 1001.1038

Fund Details

Date of Allotment: 04-Dec-02

Benchmark: CRISIL Liquid

Fund Index

NAV (as on 31.10.19)

Growth ` 1,928.1130

Direct Growth 1,935.1919 `

AUM as on ̀5279.75 Cr ( 31.10.19)

AAUM (for the month of Oct) ̀ 5730.61 Cr


Kapil Punjabi


Managing this fund Since Mar 14, 2014


Lumpsum 5,000 `

SIP 500 `



Exit Load : 2 Refer table below

Following Exit Load shall be applicable if

switched out/redeemed within 7 Calendar

Days.


(Annualized) 3


Direct 0.12%



Axis Bank CRISIL A1+ 5.46%

IndusInd Bank CRISIL A1+ 4.71%

IDFC First Bank [ICRA]A1+ 4.42%

Bank of Baroda [ICRA]A1+ 3.78%

Bank of India CRISIL A1+ 3.78%

Canara Bank [ICRA]A1+ 3.78%

Ujjivan Small Finance Bank CRISIL A1+ 3.27%

The South Indian Bank CARE A1+ 1.89%

ICICI Bank CRISIL A1+ 1.88%

Commercial Paper 53.74%

Reliance Jio Infocomm CARE A1+ 5.29%

The Ramco Cements [ICRA]A1+ 5.17%

National Fertilizers [ICRA]A1+ 4.73%

L & T Finance CARE A1+ 4.25%

Redington (India) CRISIL A1+ 3.77%

Indian Oil Corporation [ICRA]A1+ 3.77%

Kotak Securities CRISIL A1+ 3.77%

Tata Motors Finance CARE A1+ 3.76%

Vedanta CRISIL A1+ 3.75%

Muthoot Finance [ICRA]A1+ 3.74%

Manappuram Finance CRISIL A1+ 3.73%

Rating Rating% to Net AssetsIssuer % to Net AssetsIssuer

Mahindra Rural Housing Fitch A1+ 1.89%Finance

SRF CRISIL A1+ 1.89%

Kalpataru Power CRISIL A1+ 1.89%Transmission

Aditya Birla Fashion and [ICRA]A1+ 1.87%Retail

Housing Development [ICRA]A1+ 0.47%Finance Corp

Treasury Bill 12.58%

182 DAYS TBILL RED SOVEREIGN 3.76%19-12-2019





TREPS 0.77%



1in multiples of Re 1 thereafter

2Effective from Oct 20, 2019 on Prospective

basis.3TER is annualized and Includes GST on Investment Management fees4Continuing plans5YTM Based on invested Amount



• Overnight Liquidity over short term

• Invests in Money Market Instruments


HSBC Cash FundAn open ended Liquid Scheme

YTM 5.47%5



Quantitative Data

Rating Profile

AAA and Equivalents Sovereign

86.71%

12.58%

0.77%

Investment Objective: Aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


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

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

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

Cum Dividend


/HUF


25-Oct-19 3.54810 3.28556 1005.7368

25-Sep-19 3.24120 3.00137 1005.3107

26-Aug-19 3.89116 3.60324 1006.2131

Direct Plan - Monthly Dividend

25-Oct-19 3.73916 3.46248 1043.0774

25-Sep-19 3.42089 3.16776 1042.6355

26-Aug-19 4.09977 3.79640 1043.5780

Investors understand that their principal will be at Low risk

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Reverse Repos/ TREPS Net Current Assets

-0.06%

Investor exit upon E xit Load as a % of

subscription redemption proceeds

Day 1 0.0070%

Day 2 0.0065%

Day 3 0.0060%

Day 4 0.0055%

Day 5 0.0050%

Day 6 0.0045%

Day 7 Onwards 0.0000%

25

Fund Details

Date of Allotment: 17-Oct-06

Benchmark: CRISIL Low Duration

Debt Index

NAV (as on 31.10.19)

Growth ` 15.4656


AUM as on ` 192.55 Cr ( 31.10.19)



Kapil Punjabi


Managing this fund Since Oct 18, 2014


Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.22%



Axis Bank CRISIL A1+ 12.74%

Bank of Baroda Fitch A1+ 12.58%

IDFC First Bank [ICRA]A1+ 7.70%

ICICI Bank [ICRA]A1+ 7.68%

National BK for CRISIL A1+ 7.48%Agriculture & Rural Dev.

Commercial Paper 7.76%

Reliance Jio Infocomm CARE A1+ 7.76%

Corporate/ PSU Debt


Small Industries CARE AAA 10.72%Development BK of India


Indian Railway CRISIL AAA 5.29%Finance Corporation


LIC Housing Finance CRISIL AAA 5.24%

Orix Leasing & Financial Fitch AAA 5.12%Services


TREPS 4.69%






• Liquidity over short term

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


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

YTM 5.63%4



Quantitative Data

Rating Profile

AAA and Equivalent

Reverse Repos/TREPS

90.23%

4.69%5.08%

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


Cum Dividend


/HUF


27-May-19 0.05001 0.04631 10.1962

25-Apr-19 0.03881 0.03594 10.1807

25-Mar-19 0.05075 0.04699 10.1973


27-May-19 0.05625 0.05208 10.4078

25-Apr-19 0.04465 0.04134 10.3917

25-Mar-19 0.05633 0.05216 10.4079

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

Investors understand that their principal will be at Moderately Low risk

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Net Current Assets

Name of the security

ISIN

Value (in absolute terms) of the security considered under net receivables/current assets (including interest) Value (in % terms) of the security considered under net receivables/current assets Principal amount due to the scheme

Interest amount due to the scheme

Total amount due to the scheme

9.05% DEWAN HSG FIN NCD RED 09-09-2019

INE202B07IJ3

9.33

4.85%

35.00

3.16

38.16




The long term rating of Dewan Housing Finance Corporation

Ltd. (DHFL) has been downgraded to Default category. The

securities of DHFL has been valued in accordance with the

price provided by the valuation agencies. The below are the

details of securities as required under SEBI circular

SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24,

2019.

(In Rs. Crs)

Fund Details


Benchmark: CRISIL Short Term Bond

Fund Index

NAV (as on 31.10.19)

Growth ` 29.2079


AUM as on ` 479.64 Cr ( 31.10.19)



Kapil Punjabi


Managing this fund Since Dec 23, 2016


Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.34%

Corporate/ PSU Debt


National BK for CRISIL AAA 10.94%Agriculture & Rural Dev.


Energy Efficiency Services [ICRA]AA- 10.34%

Small Industries CARE AAA 9.49%Development BK of India

LIC Housing Finance CRISIL AAA 8.39%




Power Finance Corporation CRISIL AAA 5.28%

Vedanta CRISIL AA 5.15%

Indian Railway Finance CRISIL AAA 5.05%Corporation

Orix Leasing & Financial Fitch AAA 3.09%Services

Dewan Housing Finance CARE D 1.30%Corporation. $

Tube Investments Of India CRISIL AA+ 0.17%





TREPS 0.33%





• Regular Income over Medium term

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

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

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


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


Cum Dividend


/HUF


27-May-19 0.07812 0.07234 11.3250

25-Apr-19 0.01509 0.01397 11.2375

25-Mar-19 0.06087 0.05636 11.3011


25-Feb-19 0.04258 0.03943 12.2923

25-Jan-19 0.06066 0.05618 12.3174

26-Dec-18 0.09857 0.09127 12.3700

Other than Direct - Quarterly Dividend

25-Sep-17 0.14445 0.13383 10.3838

Direct Plan - Quarterly Dividend

25-Sep-18 0.08644 0.08004 10.2534

25-Jun-18 0.07203 0.06670 10.2430

26-Mar-18 0.07223 0.06692 10.2380

Investors understand that their principal will be at Moderately Low risk

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YTM 7.20%4

Average Maturity 2.69 years

Modified Duration 2.21 years

Quantitative Data

Rating Profile

AA+/AA-/ AA and equivalentsAAA and Equivalent

SOVEREIGN

D+/D-/ D and equivalents

73.27%15.66%

2.14%1.30%0.33%

Reverse Repos/ TREPS

Net Current Assets

7.30%

Name of the security

ISIN

Value (in absolute terms) of the security considered under net receivables/current assets (including interest) Value (in % terms) of the security considered under net receivables/current assets Principal amount due to the scheme

Interest amount due to the scheme

Total amount due to the scheme

9.10% DEWAN HSG FIN NCD

RED 16-08-2019 (Cr)

9.05%DEWAN HSG FIN NCD

RED 09-09-2019

INE202B07HQ0 INE202B07IJ3

13.41 4.00

2.80% 0.83%

50.00 15.00

4.55 1.35

54.55 16.35





The long term rating of Dewan Housing Finance Corporation

Ltd. (DHFL) has been downgraded to Default category. The

securities of DHFL has been valued in accordance with the

price provided by the valuation agencies. The below are the

details of securities as required under SEBI circular

SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24,

2019.

(In Rs. Crs)

Fund Details


Benchmark: CRISIL Composite Bond

Fund Index

NAV (as on 31.10.19)

Growth ` 31.7523


AUM as on ` 42.34 Cr ( 31.10.19)



Kapil Punjabi




Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 1.25%

Corporate/ PSU Debt





National Highways CRISIL AAA 4.66%Authority of India










TREPS 8.11%






• Regular Income over long term

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


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

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





Cum Dividend


/HUF

YTM 6.76%4



Quantitative Data


Rating Profile

AAA and Equivalent

Reverse Repos/TREPS

Sovereign

Net Current Assets

65.32%

24.66%

8.11%1.91%


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25-Sep-19 0.14406 0.13340 11.3662

25-Jun-19 0.14406 0.13340 11.3139

25-Mar-19 0.14406 0.13340 11.1001


25-Sep-19 0.15127 0.14007 11.3696

28

Fund Details

Date of Allotment: 05-Oct-07

Benchmark: CRISIL Composite Bond

Fund Index

NAV (as on 31.10.19)

Growth ` 25.9691


AUM as on ` 107.63 Cr ( 31.10.19)



Kapil Punjabi




Lumpsum 5,000 `

SIP 500 `



Exit Load : NIL


(Annualized) 2


Direct 0.96%

Corporate/ PSU Debt






National Highways CRISIL AAA 4.58%Authority of India









TREPS 2.60%



Rating % to Net AssetsIssuer




• Regular Income over long term

• Investment in Debt / Money Market Instruments


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

Investment Objective: Seeks to deliver returns in the form of interest income and capital gains, along with high liquidity, commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and money market instruments. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.





Cum Dividend


/HUF

YTM 6.86%4



Quantitative Data

Rating Profile


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Regular Plan - Monthly Dividend

28-Jun-13 0.03263 0.03125 10.4175

31-May-13 0.11214 0.10740 10.6718

26-Apr-13 0.05836 0.04973 10.4949


25-Oct-19 0.00537 0.00497 10.5935

26-Aug-19 0.11069 0.10250 10.7397

25-Jul-19 0.13872 0.12846 10.7786


25-Oct-19 0.07543 0.06985 10.4343

26-Aug-19 0.06360 0.05890 10.5022

25-Jul-19 0.14027 0.12989 10.5397

Regular Plan - Quarterly Dividend

28-Sep-15 0.18057 0.16729 11.9644

25-Jun-15 0.18057 0.16729 11.8869

25-Mar-15 0.18147 0.16829 12.2052


25-Sep-17 0.18057 0.16729 11.7832

27-Jun-17 0.14445 0.13383 11.9288

27-Mar-17 0.18057 0.16729 11.8718


25-Sep-19 0.14406 0.13340 11.8991

25-Jun-19 0.14406 0.13340 11.7983

25-Mar-19 0.14406 0.13340 11.5733

Regular Plan - Half Yearly Dividend

15-Mar-13 0.35236 0.30201 11.6629

14-Sep-12 0.35236 0.30201 11.4315

Other than Direct - Half Yearly Dividend

25-Sep-19 0.32415 0.30016 12.1546

25-Mar-19 0.28813 0.26681 11.8636

26-Mar-18 0.28891 0.26767 11.4423

Direct Plan - Half Yearly Dividend

25-Mar-19 0.32415 0.30016 11.4145

26-Mar-18 0.28891 0.26767 10.9480

25-Sep-17 0.36113 0.33458 11.6099

AAA and Equivalent

Net Current AssetsReverse Repos/TREPS

Sovereign

61.72%33.77%

2.60% 1.91%

Fund Details


Benchmark: CRISIL Hybrid 85+15 -

Conservative Index

NAV (as on 31.10.19)

Growth ` 38.1338


AUM as on ` 104.79 Cr ( 31.10.19)



Kapil Punjabi (For Debt)



Gautam Bhupal (for Equity)




Lumpsum 5,000 `

SIP 500 `



Exit Load : 1% if redeemed / switched out

within 1 year from date of allotment, else nil


(Annualized) 2


Direct 0.63%

Corporate/ PSU Debt



Indian Railway Finance CRISIL AAA 7.01%

Corporation

Housing & Urban CARE AAA 4.55%

Development Corp


National Highways CRISIL AAA 2.82%

Authority of India

Tata Sons Pvt CRISIL AAA 2.38%

Can Fin Homes [ICRA]AA+ 2.17%

IDFC First Bank CARE AA+ 0.96%

Shriram Transport Finance CRISIL AA+ 0.47%

Company

Zero Coupon Bonds 1.68%

India Infoline Finance [ICRA]AA 0.84%

IIFL Home Finance [ICRA]AA 0.84%

EQUITY 24.68%





Maruti Suzuki India Auto 1.38%


ACC Cement 1.12%


GlaxoSmithKline Consumer Consumer Non 0.88%

Healthcare Durables







Crompton Greaves Cons Consumer Durables 0.71%

Electrical

Finolex Cables Industrial Products 0.66%


Sun Pharmaceutical Pharmaceuticals 0.61%

Industries





Dalmia Bharat Cement 0.37%



7.32% GOVT OF INDIA RED SOVEREIGN 9.93%

28-01-2024


25-05-2025


08-04-2026


08-01-2028


17-06-2033


11-01-2026


17-09-2031


TREPS 3.70%


Total Net Assets as on 31-Oct-2019 100.00%1in multiples of Re 1 thereafter 2TER is annualized and Includes GST on Investment Management fees3Continuing plans4YTM Based on invested Amount



• Capital appreciation over medium to long term.

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


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

YTM 7.17%4



Quantitative Data

Rating Profile

AAA and equivalents

Reverse Repos/ TREPS

Sovereign

AA+/AA-/ AA and Equivalents

Net Current Assets

34.26%29.86%

5.28%3.70% 2.22%

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





Cum Dividend


/HUF


25-Oct-19 0.05042 0.04669 12.1919

25-Sep-19 0.05042 0.04669 12.1507

26-Aug-19 0.05042 0.04669 12.1695


25-Oct-19 0.06483 0.06003 15.4366

25-Sep-19 0.06483 0.06003 15.3717

26-Aug-19 0.06483 0.06003 15.3828


26-Mar-18 0.18057 0.16729 12.8150

26-Dec-17 0.21668 0.20075 13.4488

25-Sep-17 0.21668 0.20075 13.4921


25-Sep-19 0.18008 0.16676 13.4145

25-Jun-19 0.18008 0.16676 13.4761

25-Mar-19 0.18008 0.16676 13.3425


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

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


Fund Manager - Gautam Bhupal (For Equity) Effective . Total Schemes Managed - 623 July 2019

Fund Manager - Kapil Punjabi (For Debt) Effective . Total Schemes Managed - 818 February 2019

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 818 February 2019

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 818 February 2019

30

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

HSBC Regular Savings Fund - Growth

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

Additional Benchmark (CRISIL ) 1 Year T-Bill Index


11,015 10.15 11,657 5.23 13,826 6.69 38,114 8.90

11,367 13.67 12,630 8.07 15,489 9.14 35,050 8.32

10,836 8.36 12,185 6.79 14,206 7.27 25,438 6.13

11,473 14.73 12,004 6.28 14,964 8.40 24,339 5.83

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Debt Fund Inception Date: 10-Dec-02

HSBC Debt Fund - Growth

Scheme Benchmark (CRISIL Composite Bond Fund Index)

Additional Benchmark (CRISIL 10 year Gilt Index)

11,310 13.10 11,808 5.68 14,180 7.23 31,777 7.08

11,355 13.55 12,389 7.38 15,348 8.94 31,230 6.97

11,473 14.73 12,007 6.27 14,971 8.40 27,950 6.27

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

HSBC Flexi Debt Fund - Growth

Scheme Benchmark (CRISIL Composite Bond Fund Index)

Additional Benchmark (CRISIL ) 10 year Gilt Index

11,262 12.62 11,879 5.89 14,326 7.45 25,967 8.22

11,355 13.55 12,389 7.38 15,348 8.94 25,110 7.92

11,473 14.73 12,007 6.27 14,971 8.40 22,669 7.01



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

1Pursuant to SEBI circular dated Sept 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single plan structure.Since there was no

continuous NAV history available for the surviving Plan prior to 1 October 2012, returns since the said date have been considered for calculating performance. The inception date of HSBC Low Duration Fund however is 17 October 2006.

2Pursuant to SEBI circular dated Sept 13, 2012, certain Plans / Options within the schemes have been discontinued to comply with a single plan structure. Since there was no

continuous NAV history available for the surviving Plan prior to 19 May 2011, returns since the said date have been considered for calculating performance. The inception date of HSBC Cash Fund however is 4 December 2002.

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


Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 823 December 2016

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 818 October 2014

Fund Manager - Kapil Punjabi Effective . Total Schemes Managed - 814 March 2014

Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Returns(%)

Amount in `

Returns(%)

Amount in `

Returns(%)

Amount in `

Since Inception5 Years3 Years1 Year30 Days15 Days7 DaysFund / Benchmark

`(Value of 10,000 invested)

HSBC Cash Fund2

Inception Date: 04-Dec-02

31

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

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

10,046 0.46 11,142 3.66 13,115 5.57 29,221 6.55

11,108 11.08 12,483 7.65 14,929 8.34 32,743 7.27

10,836 8.36 12,185 6.79 14,206 7.27 27,117 6.08


Scheme Benchmark (CRISIL Short Term Bond Fund Index)

Additional Benchmark (CRISIL 1 Year T-Bill Index)

Fund / Benchmark



Amount in `

Amount in `

Amount in `

Amount in `

Returns(%)

Returns(%)

Returns(%)

Returns(%)

HSBC Low Duration Fund1 Inception Date: 17-Oct-06

HSBC Low Duration Fund - Growth

Scheme Benchmark (CRISIL Low Duration Debt Index)

Additional Benchmark (CRISIL ) 1 Year T-Bill Index

9,807 -1.93 11,074 3.45 12,923 5.26 15,468 6.35

10,944 9.44 12,546 7.83 14,916 8.32 17,988 8.64

10,836 8.36 12,185 6.79 14,206 7.27 16,387 7.22

10011.09 5.78 10022.52 5.48 10047.13 5.73 10,706 7.06 12,250 7.00 14,319 7.44 19,278 8.07

10011.50 5.99 10023.44 5.70 10048.82 5.94 10,724 7.24 12,281 7.09 14,332 7.46 19,188 8.01

10011.10 5.79 10022.43 5.46 10049.58 6.03 10,691 6.91 12,134 6.66 14,081 7.08 18,595 7.61

HSBC Cash Fund

Scheme Benchmark (CRISIL Liquid Fund Index)

Additional Benchmark (CRISIL 91 Day T-Bill Index)

Application Amount for Fresh Subscription

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

AUM

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

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

Beta

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

Exit Load

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

Entry Load

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

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

Fund Manager

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

Holdings

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

Minimum Additional Amount

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

Modified Duration

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

NAV

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

Nature of Scheme

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

Rating Profile

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

Sharpe Ratio

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

SIP

SIP or Systematic Investment Plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests 500 every 15 of the month in an equity fund for a period of three years.th`

Standard Deviation

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

Yield to Maturity

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

Section II - How to read Factsheet

32

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

does not constitute an offering document.

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

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

Management (India) Private Ltd.

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

HSBC Asset Management (India) Pvt.Ltd. CIN NO: U74140MH2001PTC134220.

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

Tel. : 1800-200-2434/1800-258-2434 OR +91 44 39923900 to connect to our customer care centre.

Fax : Email : Website : 022-49146254 [email protected] www.assetmanagement.hsbc.com/in

HSBC Mutual Fund Investor Service Centres :

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

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

Chandigarh: SCO 1, Sector 9 D, Chandigarh-160 017.

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

Hyderabad : 6-3-1107 & 1108, Rajbhavan Road, Somajiguda, Hyderabad - 500 082.

Kolkata : 31 BBD Bagh, Dalhousie Square, Kolkata - 700 001.

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

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

Pune : Amar Avinash Corporate City, Sector No. 11, Bund Garden Road, Pune - 411 011.

Statutory Details & Disclaimers

33

factsheet-october 2019 - hsbc asset management (india)

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