The Asset

March 2024

Presenting
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Index

How to read Factsheet 03 HSBC Managed Solutions India – Growth 32

CEO Speak 04 HSBC Managed Solutions India – Moderate 32

Commentary 05 HSBC Managed Solutions India – Conservative 32

Fund Positioning 09 HSBC Overnight Fund 33

HSBC Large Cap Fund 10 HSBC Liquid Fund 34

HSBC Large & Mid Cap Fund 11 HSBC Money Market Fund 35

HSBC Midcap Fund 12 HSBC Low Duration Fund 36

HSBC Flexi Cap Fund 13 HSBC Ultra Short Duration Fund 37

HSBC Multi Cap Fund 14 HSBC Short Duration Fund 38

HSBC Small Cap Fund 15 HSBC Medium Duration Fund 39

HSBC Focused Fund 16 HSBC Medium to Long Duration Fund 40

HSBC Infrastructure Fund 17 HSBC Dynamic Bond Fund 41

HSBC Value Fund 18 HSBC Corporate Bond Fund 42

HSBC Business Cycles Fund 19 HSBC Banking and PSU Debt Fund 43

HSBC Consumption Fund 20 HSBC Credit Risk Fund 44

HSBC Nifty 50 Index Fund 21 HSBC Gilt Fund 45

HSBC Nifty Next 50 Index Fund 22 HSBC Conservative Hybrid Fund 46

HSBC ELSS Tax saver Fund 23 HSBC CRISIL IBX 50-50 Gilt Plus SDL Apr 2028
47
Index Fund
HSBC Tax Saver Equity Fund 24
HSBC CRISIL IBX Gilt June 2027 Index Fund 48
HSBC Aggressive Hybrid Fund 25
Fund Snapshot 49
HSBC Multi Asset Allocation Fund 26
SIP Performance 53
HSBC Balanced Advantage Fund 27
Comparative Performance of Equity Schemes 61
HSBC Equity Savings Fund 28
Comparative Performance of Debt Schemes 67
HSBC Arbitrage Fund 29
IDCW 71
HSBC Global Emerging Markets Fund 30
Minimum Application Amount (SIP) 73
HSBC Global Equity Climate Change Fund of Fund 30
Product Labelling 74
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund 31
Disclaimer 77
HSBC Brazil Fund 31
How to read
Factsheet

Application This is the minimum investment amount for a new Modified Modified duration is the price sensitivity and the
Amount for investor in a mutual fund scheme, Duration percentage change in price for a unit change in yield.
Fresh
Subscription
NAV The NAV or the Net Asset Value is the total asset value
AUM AUM or Assets Under Management refers to the recent per unit of the mutual fund after deducting all related and
updated cumulative market value of investments permissible expenses. The NAV is calculated at the end of
managed by a mutual fund or any investment firm. every business day. It is the value at which the investor
enters or exits the mutual fund.

Benchmark A group of securities, usually a market index, whose

performance is used as a standard or benchmark to Nature of The investment objective and underlying investments
measure invesment performance of mutual funds, among Scheme determine the nature of the mutual fund scheme. For
other investments. Some typical benchmarks include the instance, a mutual fund that aims at generating capital
Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. 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
Beta Beta is an measure of an investment’s volatility vis-a-vis sub-categories.
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 Rating Mutual funds invest in securities after evaluating their
volatile than the market. Profile 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,
Exit Load Exit load is charged at the time an investor redeems the this is a feature of debt funds.
units of a mutual fund. The exit load is deducted from the
prevailing NAV at the time of redemption. For instance, if Sharpe The Sharpe ratio, named after its founder, the Nobel
the NAV is `100 and the exit load is 1%, the redemption Laureate William Sharpe, is a measure of risk-adjusted
Ratio
price would be `99 per unit. returns. It is calculated using standard deviation and
excess return to determine reward per unit of risk.
Entry Load Amutual fund may have a sales charge or load at the time
of entry and/or exit to compensate the distributor/agent. SIP or Systematic Investment Plan works on the principle
SIP
Entry load is charged at the time an investor purchases of making periodic investments of a fixed sum. It works
the units of a mutual fund. The entry load is added to the similar to a recurring bank deposit. For instance, an
prevailing NAV at the time of investment. For instance, if investormay opt for an SIPthat invests `500 every 15 of
the NAVis `100 and the entry load is 1%, the investor will the month in an equity fund for a period of three years.
enter the fund at `101.

Standard Standard Deviation is a statistical measure of the range of

Deviation an investment’s performance. When a mutual fund has a
Note SEBI, vide circular dated June 30, 2009 has abolished high Standard Deviation, it means its range of
entry loan and mandated that the upfront commission to performance is wide, implying greater volatility.
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. Yield to The Yield to Maturity or the YTM is the rate of return
Maturity 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
Fund An employee of the asset management company such as rate and time to maturity.
Manager 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. Tracking Tracking Difference is the annualized difference of daily
Difference returns between the index and the NAV of the Index
Holdings Fund.
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
This is the minimum investment amount for an existing
Additional
investor in a mutual fund scheme.
Amount

03
CEO speak

As the Indian Mutual Fund industry crossed INR 54 lac Crs in Feb 2024, it signifies a remarkable journey that the industry has had in FY 23-24 and the
years leading up to this time. As we embark another exciting journey of a new fiscal year, we look forward to the India growth story. We at HSBC
Mutual fund have always recommended to our investors to be conscious of the possible volatilities of the market yet be committed to their individual
financial goals. The growth in the industry AUM and the steady rise in the number of folios indicate that the industry has been able to navigate
through the uncertainties with resilience. It also indicates that the investors have also matured over time and steadily increased their trust in mutual
funds.
As we begin another new fiscal year here are some key considerations and good practices that may help you with your investment portfolios:
5 things to do at the beginning of the fiscal year.
1. Review: Take stock of your portfolio, review the funds and asset classes and their performance. Consider rebalancing your portfolio, if need be, to
maintain a desired asset allocation.
2. Read: Stay informed about the market trends, regulatory changes, economic developments, or individual fund performances. We always
recommend taking help of your financial advisor to help you make informed decisions.
3. Think Long-term: The uptick in our stock markets often make investors take impulsive investment decisions. A disciplined and patient approach
as per your long-term financial goals helps in wealth generation. We feel Systematic Investment Plans (SIPs) is a great tool for investing regularly
over a long-term horizon.
4. Hygiene Check: When you review your overall investment health, it is important to check on your life insurance, health insurance, nominations,
KYC updations and such hygiene items that are critical. They are often ignored by investors, so, the beginning of a new year is a good time to take
stock of the same.
5. Diversification and Asset Allocation: It is always prudent to ensure that your portfolio is diversified into different asset classes to help mitigate
risk and enhance returns potential over long run.
When looking at diversification, can consider allocation into the fixed income space. Positive factors like a robust macro-economic framework, a
significantly large government bond market compared to other emerging markets and India’s inclusion in the JP Morgan Emerging markets indices
starting June 2024 puts our bond markets in a good spot. Dynamic bond funds are schemes which invest across duration. These schemes can
change the tenor of the securities in the portfolio in line with expectation on interest rates. The tenor is increased if interest rates are expected to go
down and the other way round also.
As we navigate through the opportunities and challenges in the new financial year, we are committed to serve you with excellence, integrity and best
in class products and services. On behalf of the entire HSBC Mutual Fund team, we thank you for your continued trust and support. Here's to a
successful and prosperous financial year ahead!
https://www.youtube.com/watch?v=5P7qo8_y46I
https://www.youtube.com/watch?v=xkoRZHGrw-I Source: AMFI
https://www.youtube.com/watch?v=xZfgJYjKHuE
Happy investing.

Kailash Kulkarni

04
Equity Markets
March 2024

Equity Market Indices

• Major Indian equity indices continued their upward trend in
Domestic Last 1 Month CYTD 2024
March 2024 as FIIs and DIIs both invested heavily into the
Indices Close (Change) (Change)
market. S&P BSE Sensex and NSE Nifty both gained 1.6%
S&P BSE Sensex TR 112994 1.6% 2.1% for the month.
Nifty 50 TR 32867 1.6% 2.9% • However, the broader market saw a correction with BSE
S&P BSE 200 TR 12778 1.5% 5.0% Small Cap index down 4.5% in March while BSE Midcap
S&P BSE 500 TR 40424 0.9% 4.5% index was flat for the month.
S&P BSE Midcap TR 49397 0.0% 7.0%
• Capital Goods, Autos and Metals were the best performing
S&P BSE Smallcap TR 53149 -4.5% 1.3% sectors in March. Banks and Power also outperformed Nifty
NSE Large & Midcap while FMCG, Healthcare and Realty gave minor negative
250 TR 17792 0.7% 4.5% returns. IT sector however saw a deeper correction.
S&P BSE India
Infrastructure Index TR 799 0.6% 20.3%
Global market update
MSCI India USD 976 0.8% 5.9%
MSCI India INR 2641 1.4% 6.2% • MSCI World index gained another 3% in March. It was
INR - USD 83.4 0.6% 0.2% driven by a strong 3% gain in the US (S&P 500) while MSCI
Europe gained 3.3% and MSCI Japan gained 2.3%. MSCI
Crude Oil 87 4.6% 13.6%
EM gained 2.2% despite only a 0.9% gain in MSCI China.
Crude oil prices gained 5% in March.

• FIIs were strong net buyers of Indian equities in Global Market Indices
March with an inflow of US$4bn while DIIs invested a
Last 1 Month CYTD 24
highest ever US$6.8 bn during the month. Domestic
Indices Close (Change) (Change)
MFs invested US$5.4 bn and the remaining was
contributed by domestic insurance. International (in USD)
• CPI remained at 5.1% (YoY) in February, same level as MSCI World 3,438 3.0% 8.5%
January while core-core inflation (i.e. core inflation ex
Dow Jones 39,807 2.1% 5.6%
petrol and diesel) also continued to ease and declined
to 3.5% (YoY) versus 3.7% in January. S&P 500 5,254 3.1% 10.2%
MSCI EM 1,043 2.2% 1.9%
• Industrial production growth (IIP) stood at 3.8% (YoY)
in January slightly down from 4.2% (YoY) in MSCI Europe 2,113 3.3% 4.6%
December. MSCI UK 1,199 3.8% 1.9%
• Gross GST revenue collection in the month of March MSCI Japan 4,074 2.3% 10.2%
stood at Rs 1.78 tn, up 12% (YoY). MSCI China 54 0.9% -2.2%
• Other key developments during the month include – MSCI Brazil 1,646 -2.5% -8.5%
After a gap of 11 years, a Household Consumption
Expenditure Survey (HCES 2023), capturing detailed household consumption patterns was released by the govt. As per the
survey, over the last 11 years, real per-capita consumption growth was relatively soft growing at a compound annual growth
rate (CAGR) of 3.2% in rural areas and 2.6% in urban areas.

05
Valuations
Nifty FY25 consensus earnings estimate increased by 2% while FY26 saw a small decline. Nifty now trades on 20.5x 1-year forward
PE more than 10% above its 10-year average and similar to its 5-year average. Valuations in midcap and smallcap space are much
more elevated.

Macro View
In our view, global macro environment remains challenging with heightened geo-political and economic uncertainties. However, with
inflation now under control, US Fed has indicated potential for interest rate cuts going forward. For India, growth has continued to
remain strong with GDP growth of 8.4% in Q3FY24 driven by strong government spending on infrastructure and pickup in
manufacturing and construction. The 2024 interim budget has re-affirmed government’s focus on infrastructure. At the same time
reduction in fiscal deficit should also help in easing domestic interest rates. However, after last year’s patchy monsoon, a good
monsoon will be an important factor for rural demand and overall consumption growth in the economy in FY25.

Outlook
India starts 2024 on a strong footing with positive growth momentum. We expect India’s investment cycle to be on a medium term
uptrend supported by rising government investment in infrastructure and recovery in the real estate cycle. We also expect higher
private investment in renewable energy and related supply chain, localization of higher-end technology components, and India
becoming a more meaningful part of global supply chains. Finally, we expect improvement in consumption as the impact of high
inflation fades and real incomes start to grow again. However, in our view, several of these positives are getting discounted by the
high valuations currently prevailing in the equity market. While we remain constructive on Indian equities supported by the more
robust medium term growth outlook we would caution against high return expectations.

Key drivers for future

On the headwinds, we have

• Moderating global growth due to higher interest rates is • Recovery in real estate cycle: Real Estate remains another
likely to weigh on demand going forward. strong medium term growth driver having weathered the
impact of higher interest rates. Demand trends in top metro
• Global commodity prices: Decline in crude oil and fertilizers
cities remain strong and inventory levels have declined.
has been a positive for India from inflation, fiscal deficit and
corporate margins perspective in FY24. However, any • Recovery in private capex: Industry capacity utilization
significant increase would be a headwind. based on RBI survey data is at a reasonably high level and
indicates potential for increase in private capex going
• Other factors / risks: High fiscal deficit and weak monsoon.
forward. Also, continued expansion of the Production Linked
We see the following positives for the Indian market: Incentive (PLI) scheme is likely to further increase private
investments in targeted sectors. We also expect higher
• Government infrastructure spending: Strong government private capex in renewable energy.
thrust on infrastructure spending is clearly supporting the
economy and has been one of the big positive contributors
to H1FY24 GDP growth.

Past performance is not an indicator of future returns

Note: *Returns mentioned in the report are the Total Return or TR variants of the respective domestic indices. USD return for global indices. Views provided above
are based on information in public domain and subject to change. Investors are requested to consult their financial advisor for any investment decisions.
Source: Bloomberg, MOSL & HSBC MF estimates as on March 2024 end or as latest available

06
DEBT MARKETS
March 2024

Debt Market Review

The Federal Open Market Committee (FOMC) maintained status quo on policy rates in its March policy, while ruling out the need for
any immediate easing. The dot plot indicated 75 bps of policy easing each in 2024, 2025 (revised lower from 100 bps earlier) and
2026, and the long-term policy rate was increased from 2.5% to 2.6%. Inflation projections and growth estimates were revised
higher while the unemployment rate was revised lower. The Fed remained wary of inflation risks and would continue to tread
cautiously on a data dependent path. The European Central Bank (ECB) also left policy rates unchanged, however, growth and
inflation forecasts were revised lower. The Bank of England (BOE) also maintained status quo while hinting at inflation pressures
subsiding. The Bank of Japan (BoJ) hiked rates for the first time since 2007, ending their negative interest rate regime. They
discontinued Yield Curve Control (YCC) but indicated that they would continue with bond purchases to smoothen the transition.
Recent CPI inflation prints in the US, Eurozone and UK came in at 3.2%, 2.4% and 3.4% respectively. US PCE inflation came in
higher at 2.5% resulting in some sell-off in rates. US Treasury yields remained volatile during the month trading in the 4.05%-4.35%
band. The 10-year vs 2-year spread remained inverted at 42 bps. Crude prices moved higher during the month on increased
geo-political risks, closing the month at USD 87/bbl.

MACRO-ECONOMIC DEVELOPMENTS (Domestic)

• CPI inflation for Feb 2024 came in line with market expectations at 5.09% (vs 5.1% in Jan 2024). Core inflation continued to fall
further and printed at a low of 3.3% (vs 3.6% in Jan 2024). WPI inflation remained muted at 0.20%
• Trade deficit for Feb 2024 increased marginally to USD 18.71 bn on the back of higher gold imports. The Trade deficit number for
FY2024 YTD now stands at USD 225.2 bn
• Current Account Deficit (CAD) for Q3 FY2024 came in at 1.2% of GDP with expectations building of FY2024 CAD to be around
1%
• PMI numbers remained strong and GST collections continued its impressive streak clocking INR 1.78 trn (YoY growth of 11.5%)
in March 2024
• With Government expenditure picking up, Fiscal Deficit for the period Apr-Feb 2024 stands at INR 15 trn (86.5% of FY2024 target)
The G-Sec borrowing calendar was announced, with gross borrowing in H1 FY2025 seen at INR 7.5 trn (53% of full year target,
lower than market expectations). The tenor mix, however, remained skewed towards the longer end, with more than half of the
borrowing in 15-year and above segment. Additionally, for Q1 FY2025, SDL and T-Bill gross borrowing were announced at INR 2.54
trn and INR 3.21 trn.
Another key announcement during the month was the inclusion of Indian Government Bonds (IGBs) in the Bloomberg EM Local
Currency Index. India is expected to reach 10% weightage in the index, with the inclusion staggered over a 10-month period starting
Jan 2025. The AUM tracking this index is relatively smaller (compared to J. P. Morgan GBI-EM index announced in September 2023),
with markets expecting index related flows to the tune of USD 2-4 bn. Although India continues to remain excluded from the
Bloomberg Global Aggregate Index (which tracks a much larger AUM), this can be seen as a precursor to the eventual inclusion of
IGBs in Bloomberg Global Aggregate Index.
Liquidity remained in deficit through the month, with RBI continuing to use Variable Rate Repo (VRR) and Variable Rate Reverse
Repo (VRRR) auctions to manage short term liquidity. FX reserves accretion continued with the reserves at USD 645.6 bn as of
March 29, 2024. FPIs continued to add IGBs during the month, with net investments in IGBs since the J.P. Morgan index inclusion
announcement at ~ USD 10 bn.

PRESENT OUTLOOK
Markets, which were earlier expecting US policy rates to fall by 150-175 bps this year have realigned to Federal Open Market
Committee (FOMC) guidance and have cut down expectations to around 75 bps of easing. Indian bond markets have so far been
less volatile relative to global bond markets. Demand from local investors and FPIs has kept rates supported even though US rates
have moved up. While we do expect an easing cycle in India as well, the rate cutting cycle will probably be a shallow one. With
growth remaining buoyant, expectations of rate cuts have got pushed back.
Our expectation is that prior to the first rate cut, RBI is likely to gradually shift the liquidity deficit into a surplus, consistent with an
easing cycle. Hence, despite a potential rate cut of only 50 bps, the overnight rates are likely to move down by 75-100 bps on
account of the reversal of liquidity conditions, and overnight rates flipping from the top to the bottom of the rate corridor.
Additionally, lower gross borrowing announced in the Budget as well as FPI buying on the back of index inclusion as well as
strategic allocations will keep demand for IGBs buoyant.

07
Hence, we believe there can be a favourable case to add duration to investor portfolios with a 1.5-2 year investment
horizon.
We believe the below mentioned strategies can make investment sense:
• With AAA PSU corporate bond yields trading at a favourable level, investors may look at bond funds in the 2-5 year maturity
segment. HSBC Corporate Bond Fund and HSBC Banking and PSU Debt Fund are currently positioned in these segments
• With markets expecting rate cuts in the US as well as in India through 2024 and 2025, investors may consider allocation to
longer duration products such as HSBC Dynamic Bond Fund and HSBC Gilt Fund to take advantage of such a market
movement
• And for the next level of alpha seeking investors, adding an element of measured credit risk to these strategies (through
products such as HSBC Medium Duration Fund), may become a rewarding proposition

Monetary Policy

The Monetary Policy Committee (MPC) came out with their bi-monthly policy statement on April 05, 2024. Some of the key
announcements are as follows:

• The MPC decided by a majority of five out of six members to keep the policy Repo Rate unchanged at 6.50%. One member
voted to reduce the policy Repo Rate by 25 bps

• Consequently, the Standing Deposit Facility (SDF) rate remains unchanged at 6.25% and the Marginal Standing Facility (MSF)
rate and Bank Rate at 6.75%

• The MPC also decided by a majority of five out of six members to remain focused on withdrawal of accommodation to ensure
that inflation progressively aligns with the target, while supporting growth.

The growth and inflation inflations have been revised as per the below mentioned table:

Growth Inflation
Period
Feb 2024 forecast Apr 2024 forecast Feb 2024 forecast Apr 2024 forecast

Q1 FY2025 7.20% 7.10% 5.00% 4.90%

Q2 FY2025 6.80% 6.90% 4.00% 3.80%

Q3 FY2025 7.00% 7.00% 4.60% 4.60%

Q4 FY2025 6.90% 7.00% 4.70% 4.50%

FY2025 7.00% 7.00% 4.50% 4.50%

The growth forecast for FY2025 has been maintained at 7.00%, with quarterly estimates broadly unchanged. Similarly, inflation
forecast for FY2025 has been retained at 4.50% with quarterly estimates marginally lower than previous projections.
On liquidity, the Governor mentioned that RBI will remain nimble and flexible in its liquidity management through two-way main and
fine-tuning operations, in both Repo and Reverse Repo. The RBI will look to deploy a mix of instruments at their disposal to modulate
frictional and durable liquidity to ensure that money market interest rates evolve in an orderly manner that preserves financial
stability.
On the external front, the Governor noted that India continues to be the largest recipient of remittances, and FPI inflows of USD 41.6
bn has been among the highest that India has seen in the past. The RBI remains confident of meeting external financing
requirements comfortably.
RBI noted that inflation has come down significantly, but it remains above the target of 4%. The Governor noted that there could be
uncertainties on the inflation trajectory going forward given cost push pressures and an uptick in Crude prices. Hence, the Governor
mentioned that monetary policy must continue to remain actively disinflationary to ensure the anchoring of inflation expectations.
The unchanged policy rate and stance were broadly in line with consensus. The overall tone of the policy was on expected lines with
RBI striking a balanced note. Some market participants were expecting further dissents among the members on the policy rate and
stance, however, there was no such change.

Past performance is not an indicator of future returns.

Source: Bloomberg, MOSL & HSBC MF estimates as on March 31, 2024 or as latest available
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.

08
Product Suite
Equity Funds
Category Scheme Name Category Scheme Name
Large Cap Fund HSBC Large Cap Fund Thematic Fund HSBC Consumption Fund
Large and Mid Cap Fund HSBC Large & Mid Cap Fund Thematic Fund HSBC Business Cycles Fund
Mid Cap Fund HSBC Midcap Fund Index Fund HSBC Nifty 50 Index Fund
Flexi Cap Fund HSBC Flexi Cap Fund Index Fund HSBC Nifty Next 50 Index Fund
Small Cap Fund HSBC Small Cap Fund ELSS Fund HSBC ELSS Tax saver Fund
Thematic - Infrastructure HSBC Infrastructure Fund ELSS Fund HSBC Tax Saver Equity Fund
Fund
Value Fund HSBC Value Fund
Focused Fund HSBC Focused Fund
Multi Cap Fund HSBC Multi Cap Fund

Debt Funds
Category Scheme Name Category Scheme Name
Overnight Fund HSBC Overnight Fund Dynamic Bond Fund HSBC Dynamic Bond Fund
Liquid Fund HSBC Liquid Fund Corporate Bond Fund HSBC Corporate Bond Fund
Money Market Fund HSBC Money Market Fund Banking and PSU Fund HSBC Banking and PSU
Debt Fund
Low Duration Fund HSBC Low Duration Fund Credit Risk Fund HSBC Credit Risk Fund
Ultra Short Duration HSBC Ultra Short Duration Gilt Fund HSBC Gilt Fund
Fund Fund
Index Fund HSBC CRISIL IBX 50-50 Gilt
Short Duration Fund HSBC Short Duration Fund Plus SDL Apr 2028 Index Fund
Medium Duration Fund HSBC Medium Duration Fund Index Fund HSBC CRISIL IBX Gilt June
2027 Index Fund
Medium to Long HSBC Medium to
Duration Fund Long Duration Fund

Hybrid Funds
Category Scheme Name Category Scheme Name
Aggressive Hybrid Fund HSBC Aggressive Hybrid Fund Equity Savings Fund HSBC Equity Savings Fund

Multi Asset Allocation HSBC Multi Asset Allocation Arbitrage Fund HSBC Arbitrage Fund
Fund Conservative Hybrid HSBC Conservative
Balanced Advantage Fund HSBC Balanced Advantage Fund Hybrid Fund
Fund

Other Funds
Category Scheme Name Category Scheme Name
FoF - Domestic HSBC Managed Solutions FoF - Overseas - HSBC Global Equity Climate
India - Moderate Climate Change Change Fund of Fund
FoF - Domestic HSBC Managed Solutions FoF - Overseas - HSBC Asia Pacific (Ex Japan)
India - Conservative AsiaPac (Ex Japan) Dividend Yield Fund
FoF - Domestic HSBC Managed Solutions FoF - Overseas - HSBC Global Emerging
India - Growth Emerging Markets Markets Fund
FoF - Overseas - Brazil HSBC Brazil Fund
09
 HSBC Large Cap Fund
Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks.
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.

Fund Details % to Net Industry Allocation

Issuer Industry/Rating
Assets
Date of Allotment 10-Dec-02 EQUITY 98.94% 21.14%
Banks
Benchmark Nifty 100 TRI6 HDFC Bank Limited Banks 8.64%
Petroleum Products 8.02%
Reliance Industries Limited Petroleum Products 8.02%
NAV (as on 31.03.24) 7.67%
ICICI Bank Limited Banks 7.46% IT - Software
Growth ₹ 421.9369 Larsen & Toubro Limited Construction 6.42% Pharmaceuticals & Biotechnology 7.59%

Direct Growth ₹ 462.9641 Infosys Limited IT - Software 4.26%

Oil & Natural Gas Corpora- Realty 6.45%
AUM (as on 31.03.24) ₹ 1759.39 Cr Oil 4.11%
tion Limited Construction 6.42%
AAUM (for the month DLF Limited Realty 4.08%
₹ 1747.15 Cr 5.36%
of Mar) Axis Bank Limited Banks 3.27% Finance

Sun Pharmaceutical Pharmaceuticals & Biotech-

Fund Manager & Experience 2.99% Oil 4.11%
Industries Limited nology
Neelotpal Sahai (Equity) UltraTech Cement Limited Cement & Cement Products 2.77% Consumer Durables 4.05%

Total Experience 29 Years NTPC Limited Power 2.67% Retailing 3.83%

Managing this fund Since May 27, 2013 Bharti Airtel Limited Telecom - Services 2.62%
Automobiles 3.18%
Asian Paints Limited Consumer Durables 2.43%
Gautam Bhupal (Equity)
ITC Limited Diversified FMCG 2.43% Cement & Cement Products 2.77%
Total Experience 18 Years Phoenix Mills Limited Realty 2.37%
Managing this fund Since June 01, 2023 Sundaram Finance Limited Finance 2.35% Power 2.67%

Minimum Investment1 Shriram Finance Limited Finance 2.35% Telecom - Services 2.62%

Lumpsum ₹ 5,000 Tata Motors Limited Automobiles 2.26%

Diversified FMCG 2.43%
SIP## Please refer page 73 Zomato Limited Retailing 2.07%
Additional Purchase ₹ 1,000 Jindal Steel & Power Ferrous Metals 1.93%
Ferrous Metals 1.93%
Limited
Entry load: “NA” Multi Commodity Exchange Capital Markets 1.90%
Capital Markets 1.90%
Exit load: • If the units redeemed or switched out are of India Limited Beverages 1.59%
upto 10% of the units purchased or switched in (“the Pharmaceuticals & Biotech-
Lupin Limited 1.84% Agricultural Commercial & 1.58%
limit”) within 1 year from the date of allotment - Nil nology Construction Vehicles
• If units redeemed or switched out are over and IndusInd Bank Limited Banks 1.77% 1.25%
Reverse Repos/TREPS
above the limit within 1 year from the date of allot- Tech Mahindra Limited IT - Software 1.77%
ment - 1% Aerospace & Defense 1.15%
Wipro Limited IT - Software 1.64%
• If units are redeemed or switched out on or after 1
year from the date of allotment - Nil Pharmaceuticals & Biotech- Healthcare Services 1.08%
Mankind Pharma Limited 1.63%
nology
Quantitative Data2 Titan Company Limited Consumer Durables 1.62% Transport Services 1.01%

Standard Deviation 13.03% Varun Beverages Limited Beverages 1.59% Textiles & Apparels 0.39%
Beta (Slope) 0.90 Agricultural Commercial &
Sharpe Ratio 3 0.61 Escorts Kubota Limited 1.58% Net Current Assets - 0.19%
Construction Vehicles
R2 0.93% Bharat Electronics Limited Aerospace & Defense 1.15%
Month End Total Expenses Ratios Pharmaceuticals & Biotech-
Zydus Lifesciences Limited 1.13%
(Annualized)4 nology
Regular5 2.16% Trent Limited Retailing 1.12%
Direct 1.21% Apollo Hospitals Enterprise Portfolio Classification By Market Segment Class (%)
Healthcare Services 1.08%
Portfolio Turnover Limited
0.43
(1 year) Delhivery Limited Transport Services 1.01%
1.90%
TVS Motor Company
1
in multiples of Re 1 thereafter. Automobiles 0.92%
Limited 10.67%
2
Quantitative Data disclosed are as per monthly
returns (Annualized) for the last 3 years.
Cholamandalam Investment
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar & Finance Company Finance 0.66%
31, 2024) Limited
1.06%
4
TER Annualized TER including GST on Investment Avenue Supermarts Limited Retailing 0.64%
Management Fees Page Industries Limited Textiles & Apparels 0.39%
5
Continuing plans Cash Equivalent 1.06%
Note - Criteria for Large, Mid & Small companies - TREPS* 1.25%
SEBI has demarcated the definitions of large cap, Net Current Assets: -0.19%
mid cap and small cap companies as given below. Total Net Assets as on 31-March-2024 100.00% 86.37%
Large Cap: 1st -100th company in terms of full market
capitalization, Mid Cap: 101st -250th company in terms *TREPS : Tri-Party Repo fully collateralized by G-Sec
of full market capitalization, Small Cap: 251st company Large Cap Mid Cap Small Cap
onwards in terms of full market capitalization of large/
mid/small cap companies. A list of stocks as per above Debt
criteria will be uploaded on AMFI website and updated
every six months by AMFI.

6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding
Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been changed to NIFTY 100 TRI Index which has been classified as Tier 1 benchmark. Furthermore , the
same is effective from 01 December 2021

This product is suitable for investors who are seeking*:

Moderate Moderately
High
Low to High • To create wealth over long term
Moderate

• Investment in predominantly large cap equity and equity related securities

Low
Very High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

10
 HSBC Large and Mid Cap Fund
Large and Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks.
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.

Fund Details % to Net % to Net

Issuer Industry/Rating Issuer Industry/Rating
Assets Assets
Date of Allotment 28-Mar-19 EQUITY 98.07% HDFC Life Insurance Company
Insurance 0.14%
Larsen & Toubro Limited Construction 4.32% Limited
NIFTY Large Midcap
Benchmark Trent Limited Retailing 3.14% Mahindra & Mahindra Limited Automobiles 0.09%
250 TRI6 Bharat Heavy Electricals Limited Electrical Equipment 2.57% Union Bank of India Banks 0.08%
CG Power and Industrial Solutions Pharmaceuticals &
Electrical Equipment 2.53% Cipla Limited 0.05%
NAV (as on 31.03.24) Limited Biotechnology
Zensar Technolgies Limited IT - Software 2.51% IndusInd Bank Limited Banks 0.04%
Growth ₹ 21.8522 Zomato Limited Retailing 2.50% LTIMindtree Limited IT - Software 0.04%
Bharat Electronics Limited Aerospace & Defense 2.20% Cash Equivalent 1.93%
Direct Growth ₹ 23.5559 Power Finance Corporation Limited Finance 2.18% TREPS* 2.14%
Varun Beverages Limited Beverages 2.04% Net Current Assets: -0.21%
AUM (as on 31.03.24) ₹ 2768.75 Cr Persistent Systems Limited IT - Software 2.03% Total Net Assets as on
Max Healthcare Institute Limited Healthcare Services 2.03% 100.00%
31-March-2024
AAUM (for the month KPIT Technologies Limited IT - Software 1.95%
₹ 2738.60 Cr Sonata Software Limited IT - Software 1.84% *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Mar) JSW Energy Limited Power 1.84%
Bank of India Banks 1.77%
Fund Manager & Experience Safari Industries India Limited Consumer Durables 1.75%
Hindustan Petroleum Corporation
Cheenu Gupta (Equity) Petroleum Products 1.65%
Limited
ICICI Bank Limited Banks 1.64%
Total Experience 17 Years The Indian Hotels Company Limited Leisure Services 1.63% Industry Allocation
Managing this fund Since Nov 26, 2022 Godrej Properties Limited Realty 1.60%
Blue Star Limited Consumer Durables 1.60%
Abhishek Gupta (Equity) NTPC Limited Power 1.55% Electrical Equipment 12.13%
Polycab India Limited Industrial Products 1.54% IT - Software 9.56%
Total Experience 13 Years Suzlon Energy Limited Electrical Equipment 1.51%
Banks 6.67%
Pharmaceuticals &
Managing this fund Since Apr 1, 2024 Mankind Pharma Limited
Biotechnology
1.39% Construction 6.02%
Phoenix Mills Limited Realty 1.38% Retailing
Minimum Investment1 Data Patterns India Limited Aerospace & Defense 1.37%
5.64%
Realty 5.37%
DLF Limited Realty 1.37%
Lumpsum ₹ 5,000 Siemens Limited Electrical Equipment 1.33% Industrial Products 5.33%
Tata Motors Limited Automobiles 1.30% Finance
SIP## Please refer page 73 Transformers And Rectifiers (India)
5.16%
Electrical Equipment 1.25% Consumer Durables 4.66%
Additional Purchase ₹ 1,000 Limited
Mahindra Holidays and Resorts Aerospace & Defense 4.49%
Leisure Services 1.24% Pharmaceuticals & Biotechnology
Entry load: “NA” India Limited 4.31%
Cholamandalam Investment & Power 4.24%
Finance 1.20%
Exit load: If the units redeemed or Finance Company Limited Leisure Services 3.54%
GE TandD India Limited Electrical Equipment 1.17%
switched out are upto 10% of the units KEI Industries Limited Industrial Products 1.15% Healthcare Services 2.71%
purchased or switched in (“the limit”) with- Shriram Finance Limited Finance 1.12% Petroleum Products 2.66%
Timken India Limited Industrial Products 1.11%
in 1 year from the date of allotment - Nil Exide Industries Limited Auto Components 1.10%
Auto Components 2.52%
If units redeemed or switched out Lupin Limited
Pharmaceuticals &
1.07%
Automobiles 2.39%
Biotechnology Capital Markets 2.21%
are over and above the limit within 1
Bharti Airtel Limited Telecom - Services 1.02% Reverse Repos/TREPS 2.14%
year from the date of allotment - 1% Sobha Limited Realty 1.02%
Reliance Industries Limited Petroleum Products 1.01% Beverages 2.04%
If units are redeemed or switched out on or HDFC Bank Limited Banks 1.01% Industrial Manufacturing 1.73%
after 1 year from the date of allotment - Nil Prudent Corporate Advisory Telecom - Services 1.02%
Capital Markets 0.95%
Services Limited
Quantitative Data2 Triveni Turbine Limited Electrical Equipment 0.94%
Oil 0.80%
Kaynes Technology India Ltd Industrial Manufacturing 0.94% Cement & Cement Products 0.78%
Standard Deviation 12.68% Canara Bank Banks 0.89% Transport Services 0.69%
Cummins India Limited Industrial Products 0.87%
Beta (Slope) 0.84 ABB India Limited Electrical Equipment 0.83% Non - Ferrous Metals 0.55%
BSE Limited Capital Markets 0.81% Chemicals & Petrochemicals 0.44%
Sharpe Ratio 3 0.87 Oil & Natural Gas Corporation Food Products 0.27%
Oil 0.80%
R2 Limited Insurance 0.14%
0.87% Jupiter Wagons Limited Industrial Manufacturing 0.79%
Cement & Cement Net Current Assets - 0.21%
Month End Total Expenses Ratios Dalmia Bharat Limited 0.78%
Products
(Annualized)4 Pharmaceuticals &
Dr Reddy''s Laboratories Limited 0.78%
Biotechnology
Regular5 2.02% Cello World Limited Consumer Durables 0.75% Portfolio Classification By Market Segment Class (%)
Engineers India Limited Construction 0.74%
Direct 0.98% ZF Commercial Vehicle Control
Auto Components 0.73% 1.93%
Systems India Ltd
Portfolio Turnover Bajaj Auto Limited Automobiles 0.73%
1.05 Infosys Limited IT - Software 0.72%
(1 year) Indian Bank Banks 0.71%
Schaeffler India Limited Auto Components 0.69% 23.17%
1
in multiples of Re 1 thereafter. Container Corporation of India
Transport Services 0.69%
Limited
2
Quantitative Data disclosed are as per monthly Global Health Limited Healthcare Services 0.68%
returns (Annualized) for the last 3 years. Lemon Tree Hotels Limited Leisure Services 0.67%
Sundaram Finance Limited Finance 0.66%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as APL Apollo Tubes Limited Industrial Products 0.66%
on Mar 31, 2024) Gland Pharma Limited
Pharmaceuticals &
0.64% 39.27%
Biotechnology
4
TER Annualized TER including GST on NHPC Limited Power 0.60%
Hindalco Industries Limited Non - Ferrous Metals 0.55% 35.63%
Investment Management Fees ideaForge Technology Limited Aerospace & Defense 0.54%
State Bank of India Banks 0.53%
5
Continuing plans Ahluwalia Contracts (India) Limited Construction 0.48%
PNC Infratech Limited Construction 0.48% Large Cap Mid Cap Small Cap
6
As per clause 1.9 of the SEBI Master Circular MphasiS Limited IT - Software 0.47%
for Mutual Funds no. SEBI/HO/IMD/IMD- Nippon Life Asset Management
Capital Markets 0.45% Debt
Limited
PoD-1/P/CIR/2023/74 dated May 19, 2023, Chemicals & Petro-
on ‘Guiding Principles for bringing uniformity Gujarat Fluorochemicals Limited 0.44%
chemicals
Note - Criteria for Large, Mid & Small companies - SEBI has demarcated the
in Benchmarks of Mutual Fund Schemes’ Mtar Technologies Limited Aerospace & Defense 0.38%
definitions of large cap, mid cap and small cap companies as given below.
Sun Pharmaceutical Industries Pharmaceuticals &
has introduced two-tiered structure for Limited Biotechnology
0.38% Large Cap: 1st -100th company in terms of full market capitalization, Mid
benchmarking of certain categories of schemes. Dixon Technologies (India) Limited Consumer Durables 0.32% Cap: 101st -250th company in terms of full market capitalization, Small
Accordingly, the benchmark has been classified TVS Motor Company Limited Automobiles 0.27% Cap: 251st company onwards in terms of full market capitalization of
Bikaji Foods International Limited Food Products 0.27%
as Tier 1 benchmark. Furthermore, the same is Tata Power Company Limited Power 0.25% large/mid/small cap companies. A list of stocks as per above criteria will
effective from 01 December 2021. Titan Company Limited Consumer Durables 0.24% be uploaded on AMFI website and updated every six months by AMFI.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term wealth creation and income
Low to
Moderate
High • Investment predominantly in equity and equity related securities of Large and Mid cap companies
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

11
 HSBC Midcap Fund
Mid Cap Fund - An open ended equity scheme predominantly investing in mid cap stocks
Investment Objective: To seek to generate long-term capital growth from an actively managed portfolio of equity and equity related
securities of predominantly mid cap companies. However, there can be no assurance or guarantee that the investment objective of the
scheme would be achieved.

% to
Fund Details Issuer Industry/ Rating Industry Allocation
Net Assets
Date of Allotment 09-Aug-04 EQUITY 97.10%
Sundaram Finance Limited Finance 3.06% Industrial Products 11.32%
Benchmark: NIFTY Midcap 150 TRI6 Cummins India Limited Industrial Products 2.75%
Pharmaceuticals & Biotechnology 11.14%
Bosch Limited Auto Components 2.71%
Power Finance Corporation Limited Finance 2.59% Finance 8.49%
NAV (as on 31.03.24) Ratnamani Metals & Tubes Limited Industrial Products 2.51% Banks 6.90%
Pharmaceuticals & Biotech- Auto Components 6.36%
Growth ₹ 313.8930 IPCA Laboratories Limited
nology
2.47%
Pharmaceuticals & Biotech- Realty 5.71%
Lupin Limited 2.35%
Direct Growth ₹ 349.9333 nology IT - Software 4.83%
Godrej Properties Limited Realty 2.35% 4.11%
Capital Markets
AUM (as on 31.03.24) ₹ 9740.79 Cr Trent Limited Retailing 2.31%
4.01%
Indian Bank Banks 2.30% Retailing
AAUM (for the month CRISIL Limited Finance 2.22% Electrical Equipment 3.98%
₹ 9626.21 Cr
of Mar) The Indian Hotels Company Limited Leisure Services 2.21% Healthcare Services 3.34%
Oberoi Realty Limited Realty 2.15% 3.00%
Power
Fund Manager & Experience Max Healthcare Institute Limited Healthcare Services 2.15%
Leisure Services 2.21%
Multi Commodity Exchange of India Limited Capital Markets 2.07%
Cheenu Gupta (Equity) AIA Engineering Limited Industrial Products 2.07% Reverse Repos/TREPS 2.18%
HDFC Asset Management Company Automobiles 2.07%
Capital Markets 2.04%
Total Experience 17 Years Limited
Oil 2.00%
Oil India Limited Oil 2.00%
Managing this fund Since Nov 26 2022 Jindal Stainless Limited Ferrous Metals 1.89% Cement & Cement Products 1.92%
Suzlon Energy Limited Electrical Equipment 1.83% Ferrous Metals 1.89%
Venugopal Manghat (Equity) Pharmaceuticals & Biotech-
Abbott India Limited 1.71% Consumer Durables 1.84%
Total Experience 28 Years Godfrey Phillips India Limited
nology
Cigarettes & Tobacco Products 1.56% Cigarettes & Tobacco Products 1.56%
Managing this fund Since Oct 01 2023 Bharat Electronics Limited Aerospace & Defense 1.51% Aerospace & Defense 1.51%
Canara Bank Banks 1.49% 1.46%
Fertilizers & Agrochemicals
Sonal Gupta (Overseas Investments) Torrent Power Limited Power 1.46%
Bayer Cropscience Limited Fertilizers & Agrochemicals 1.46% Diversified 1.33%
Total Experience 16 Years 3M India Limited Diversified 1.33% Financial Technology (Fintech) 1.18%
Managing this fund Since Nov 26 2022 Voltas Limited Consumer Durables 1.33% Petroleum Products 1.17%
Persistent Systems Limited IT - Software 1.24% 1.04%
Construction
Minimum Investment1 APL Apollo Tubes Limited Industrial Products 1.23%
0.73%
NTPC Limited Power 1.23% Telecom - Services
Lumpsum ₹ 5,000 Punjab National Bank Limited Banks 1.19% Net Current Assets 0.72%
SIP## Please refer page 73 PB Fintech Limited Financial Technology (Fintech) 1.18% Chemicals & Petrochemicals 0.66%
Balkrishna Industries Limited Auto Components 1.16% 0.50%
Additional Purchase ₹ 1,000 Pharmaceuticals & Biotech- Insurance
Mankind Pharma Limited 1.10% Beverages 0.44%
nology
Entry load: “NA” Birlasoft Limited IT - Software 1.05% Personal Products 0.31%
Exit load: • If the units redeemed or switched out KPIT Technologies Limited IT - Software 1.03%
Transport Services 0.09%
Sundram Fasteners Limited Auto Components 1.02%
are upto 10% of the units purchased or switched in Supreme Industries Limited Industrial Products 1.01%
(“the limit”) within 1 year from the date of allotment Federal Bank Limited Banks 0.98%
- Nil Phoenix Mills Limited Realty 0.97%
KEI Industries Limited Industrial Products 0.95%
• If units redeemed or switched out are over and The Karnataka Bank Limited Banks 0.94% Portfolio Classification By Market Segment Class (%)
above the limit within 1 year from the date of allot- Syngene International Limited Healthcare Services 0.94%
ment - 1% Zomato Limited Retailing 0.93%
Pharmaceuticals & Biotech- 2.90%
• If units are redeemed or switched out on or after 1 Suven Pharmaceuticals Limited
nology
0.93%
14.81%
year from the date of allotment - Nil The Ramco Cements Limited Cement & Cement Products 0.90%
Dalmia Bharat Limited Cement & Cement Products 0.85%
Quantitative Data2 Eris Lifesciences Limited
Pharmaceuticals & Biotech-
0.83%
nology
Standard Deviation 12.35% Thermax Limited Electrical Equipment 0.80%
16.07%
Bharat Heavy Electricals Limited Electrical Equipment 0.79%
Beta (Slope) 0.75 Tube Investments of India Limited Auto Components 0.77%
Avenue Supermarts Limited Retailing 0.77%
Sharpe Ratio 3 0.99 Sonata Software Limited IT - Software 0.76%
R2 0.89% Bajaj Auto Limited Automobiles 0.74%
Tata Communications Limited Telecom - Services 0.73%
Month End Total Expenses Ratios MphasiS Limited IT - Software 0.70%
(Annualized)4 Exide Industries Limited Auto Components
Pharmaceuticals & Biotech-
0.70%
Zydus Lifesciences Limited 0.70%
Regular5 1.76% nology 66.22%
Eicher Motors Limited Automobiles 0.69%
Pharmaceuticals & Biotech-
Direct 0.68% Alkem Laboratories Limited
nology
0.69%

Portfolio Turnover Gujarat Fluorochemicals Limited Chemicals & Petrochemicals 0.66%

Mid Cap Large Cap Small Cap
0.32 TVS Motor Company Limited Automobiles 0.64%
(1 year) Cholamandalam Investment & Finance
Company Limited
Finance 0.62% Debt
1
in multiples of Re 1 thereafter. Hindustan Petroleum Corporation Limited Petroleum Products 0.60%
2
Quantitative Data disclosed are as per monthly returns HG Infra Engineering Limited Construction 0.58%
(Annualized) for the last 3 years. Castrol India Limited Petroleum Products 0.57%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024) Timken India Limited Industrial Products 0.56%
4
TER Annualized TER including GST on Investment Management NCC Limited Construction 0.46%
Johnson Control Hitachi Air Conditioning
Fees Consumer Durables 0.46%
India Ltd
5
Continuing plans Radico Khaitan Limited Beverages 0.44%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. Pharmaceuticals & Biotech-
Pfizer Limited 0.36%
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on nology
ABB Power Products and Systems India
‘Guiding Principles for bringing uniformity in Benchmarks of Mutual Electrical Equipment 0.35%
Limited
Fund Schemes’ has introduced two-tiered structure for benchmarking Max Financial Services Limited Insurance 0.34%
of certain categories of schemes. Accordingly, the benchmark has been JSW Energy Limited Power 0.31%
changed to S&P BSE 150 MidCap TRI Index which has been classified Emami Limited Personal Products 0.31%
as Tier 1 benchmark. Furthermore , the same is effective from 01 Global Health Limited Healthcare Services 0.25%
December 2021. Prestige Estates Projects Limited Realty 0.24%
7
Note : Investors are requested to refer notice cum addendum Carborundum Universal Limited Industrial Products 0.24%
dated February 29, 2024 available on website of HSBC Mutual ABB India Limited Electrical Equipment 0.21%
Fund for change in responsibilities of Fund Manager JK Cement Limited Cement & Cement Products 0.17%
General Insurance Corporation Of India Insurance 0.16%
Note - Criteria for Large, Mid & Small companies - Blue Dart Express Limited Transport Services 0.09%
SEBI has demarcated the definitions of large cap, Tech Mahindra Limited IT - Software 0.05%
mid cap and small cap companies as given below. Crompton Greaves Consumer Electricals
Consumer Durables 0.05%
Large Cap: 1st -100th company in terms of full market capitalization, Limited
Cash Equivalent 2.90%
Mid Cap: 101st -250th company in terms of full market capitalization, TREPS* 2.18%
Small Cap: 251st company onwards in terms of full market Net Current Assets: 0.72%
capitalization of large/mid/small cap companies. A list of stocks as per Total Net Assets as on 31-March-2024 100.00%
above criteria will be uploaded on AMFI website and updated every
six months by AMFI. *TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term wealth creation
Low to High
Moderate • Investment in equity and equity related securities of mid cap companies
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

12
 HSBC Flexi Cap Fund
Flexi Cap Fund - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
Investment Objective: To seek long term capital growth through investments made dynamically across market capitalization (i.e. Large, Mid, and
Small Caps). The investment could be in any one, two or all three types of market capitalization. The Scheme aims to predominantly invest in equity
and equity related securities.However, in line with the asset allocation pattern of the Scheme, it could move its assets between equity and fixed income
securities depending on its view on these markets. However, there can be no assurance or guarantee that the investment objective of the scheme
would be achieved.

Fund Details Industry/

Issuer % to Net Assets Industry Allocation
Rating
Date of Allotment 24-Feb-04
EQUITY 98.85%
Benchmark NIFTY 500 TRI6 Reliance Industries Limited Petroleum Products 5.73% Banks 16.90%
HDFC Bank Limited Banks 4.38% IT - Software 9.15%
ICICI Bank Limited Banks 3.67%
NAV (as on 31.03.24) Infosys Limited IT - Software 3.66% Pharmaceuticals & Biotechnology 6.36%
ITC Limited Diversified FMCG 2.73% Petroleum Products 5.73%
Growth ₹ 183.2674 Larsen & Toubro Limited Construction 2.67% Automobiles 4.82%
Bharti Airtel Limited Telecom - Services 2.57%
Finance 4.59%
Direct Growth ₹ 202.3736 Sun Pharmaceutical Industries Limited
Pharmaceuticals &
2.10%
Biotechnology Auto Components 4.44%
AUM (as on 31.03.24) ₹ 4245.42 Cr Lupin Limited
Pharmaceuticals &
2.00% Diversified FMCG 4.12%
Biotechnology 4.05%
Electrical Equipment
AAUM (for the month Tata Consultancy Services Limited IT - Software 2.00%
₹ 4183.41 Cr Bajaj Auto Limited Automobiles 1.99% Realty 3.08%
of Mar) State Bank of India Banks 1.87% Industrial Products 2.91%
NTPC Limited Power 1.84%
Fund Manager & Experience Zomato Limited Retailing 1.82%
Telecom - Services 2.82%
Siemens Limited Electrical Equipment 1.63% Retailing 2.74%
Abhishek Gupta (Equity) Cement & Cement Cement & Cement Products 2.70%
UltraTech Cement Limited 1.55%
Products Power 2.69%
Total Experience 13 Years Bharat Electronics Limited Aerospace & Defense 1.52%
Construction 2.67%
Managing this fund Since Mar, 01 2024 Varun Beverages Limited Beverages 1.51%
DLF Limited Realty 1.51% Beverages 2.20%
Venugopal Manghat (Equity) Kotak Mahindra Bank Limited Banks 1.46% Healthcare Services 2.15%
Axis Bank Limited Banks 1.42%
Reverse Repos/TREPS 2.05%
Total Experience 28 Years Apar Industries Limited Electrical Equipment 1.40%
2.05%
Hindustan Unilever Limited Diversified FMCG 1.39% Ferrous Metals
Managing this fund Since Apr, 01 2024 Tata Motors Limited Automobiles 1.32% Aerospace & Defense 1.52%
Oil India Limited Oil 1.23%
Minimum Investment1 Mahindra & Mahindra Limited Automobiles 1.21% Oil 1.23%
Bajaj Holdings & Investments Limited Finance 1.17% Personal Products 1.21%
Lumpsum ₹ 5,000 Tube Investments of India Limited Auto Components 1.17% Paper Forest & Jute Products 1.04%
Mahindra Lifespace Developers Limited Realty 1.14%
SIP## Please refer page 73 Maharashtra Seamless Limited Industrial Products 1.10% Financial Technology (Fintech) 0.91%
Indian Bank Banks 1.10% Insurance 0.89%
Additional Purchase ₹ 1,000 Zydus Lifesciences Limited
Pharmaceuticals &
1.08% Consumer Durables 0.83%
Biotechnology
Gas 0.81%
Entry load: “NA” Global Health Limited Healthcare Services 1.05%
Tech Mahindra Limited IT - Software 1.05% Fertilizers & Agrochemicals 0.80%
Exit load: If the units redeemed or switched out are West Coast Paper Mills Limited
Paper Forest & Jute
1.04% Consumable Fuels 0.78%
upto 10% of the units purchased or switched in (‘‘the Products 0.74%
Jindal Steel & Power Limited Ferrous Metals 1.03% Transport Infrastructure
limit”) within 1 year from the date of allotment - Nil TD Power Systems Limited Electrical Equipment 1.02% Industrial Manufacturing 0.69%
If units redeemed or switched out are over and above Finolex Cables Limited Industrial Products 1.02% Leisure Services 0.63%
the limit within 1 year from the date of allotment - 1% Jindal Stainless Limited Ferrous Metals 1.02% 0.60%
The Karnataka Bank Limited Banks 1.01% Chemicals & Petrochemicals
If units are redeemed or switched out on or after 1 IndusInd Bank Limited Banks 1.00% Net Current Assets - 0.90%
year from the date of allotment - Nil Canara Bank Banks 0.99%
TVS Holdings Limited Auto Components 0.96%
Quantitative Data2 MphasiS Limited IT - Software 0.92%
PB Fintech Limited
Financial Technology
0.91%
Portfolio Classification By Market Segment Class (%)
Standard Deviation 11.70% (Fintech)
SBI Life Insurance Company Limited Insurance 0.89%
Beta (Slope) 0.82 Power Finance Corporation Limited Finance 0.88%
Cholamandalam Investment & Finance 1.15%
Finance 0.87%
Sharpe Ratio 3 0.96 Company Limited 17.87%
JSW Energy Limited Power 0.85%
R2 0.94% Voltas Limited Consumer Durables 0.83%
Pharmaceuticals &
Dishman Carbogen Amcis Limited 0.82%
Month End Total Expenses Ratios CIE Automotive India Limited
Biotechnology
Auto Components 0.81%
(Annualized)4 Aegis Logistics Limited Gas 0.81%
Fertilizers & Agro- 18.20%
PI Industries Litmited 0.80%
Regular5 1.97% chemicals
Sonata Software Limited IT - Software 0.78%
Direct 1.18% Coal India Limited Consumable Fuels 0.78%
Samvardhana Motherson International
Auto Components 0.75%
Portfolio Turnover Limited
0.43
(1 year) Endurance Technologies Limited
Jsw Infrastructure Limited
Auto Components
Transport Infrastructure
0.75%
0.74%
Zensar Technolgies Limited IT - Software 0.74%
1
in multiples of Re 1 thereafter. Shriram Finance Limited Finance 0.72% 62.78%
Emami Limited Personal Products 0.72%
2
Quantitative Data disclosed are as per monthly Kaynes Technology India Ltd Industrial Manufacturing 0.69%
returns Annualized) for the last 3 years. Radico Khaitan Limited Beverages 0.69%
Cement & Cement Large Cap Small Cap Mid Cap
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar Birla Corporation Limited
Products
0.68%
31, 2024) KEI Industries Limited Industrial Products 0.65% Debt
4
TER Annualized TER including GST on Investment Jubilant Foodworks Limited Leisure Services 0.63%
Syngene International Limited Healthcare Services 0.63%
Management Fees Chemicals & Petro-
Aarti Industries Limited 0.60%
5
Continuing plans chemicals
Trent Limited Retailing 0.59%
Note - Criteria for Large, Mid & Small companies - CreditAccess Grameen Limited Finance 0.58%
SEBI has demarcated the definitions of large cap, Godrej Consumer Products Limited Personal Products 0.49%
Apollo Hospitals Enterprise Limited Healthcare Services 0.47%
mid cap and small cap companies as given below. Cement & Cement
Dalmia Bharat Limited 0.47%
Large Cap: 1st -100th company in terms of full market Products
capitalization, Mid Cap: 101st -250th company in terms Brigade Enterprises Limited Realty 0.43%
IIFL Finance Limited Finance 0.37%
of full market capitalization, Small Cap: 251st company Pharmaceuticals &
onwards in terms of full market capitalization of large/ Pfizer Limited
Biotechnology
0.36%
mid/small cap companies. A list of stocks as per above Electronics Mart India Limited Retailing 0.33%
criteria will be uploaded on AMFI website and updated Maruti Suzuki India Limited Automobiles 0.30%
Tata Communications Limited Telecom - Services 0.25%
every six months by AMFI. APL Apollo Tubes Limited Industrial Products 0.14%
Cash Equivalent 1.15%
TREPS* 2.05%
Net Current Assets: -0.90%
Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding
Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been classified as Tier 1 benchmark. Furthermore , the same is effective from 01 December 2021.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • To create wealth over long term
Low to
Moderate
High
• Invests in equity and equity related securities across market capitalisations
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

13
 HSBC Multi Cap Fund
Multicap Fund - An open ended equity scheme investing across large cap, mid cap, small cap stocks
Investment Objective: The investment objective of the fund is to generate long-term capital growth from an actively managed portfolio
of equity and equity related securities across market capitalization. However, there can be no assurance or guarantee that the investment
objective of the scheme would be achieved

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets
EQUITY 98.28% Paper Forest & Jute
Date of Allotment 30-Jan-23 Reliance Industries Limited Petroleum Products 2.88% West Coast Paper Mills Limited
Products
0.52%
Kirloskar Oil Eng Limited Industrial Products 2.52% Avenue Supermarts Limited Retailing 0.51%
NIFTY 500 Multicap
Benchmark Larsen & Toubro Limited Construction 2.40% Maharashtra Seamless Limited Industrial Products 0.50%
50:25:25 TRI4 NTPC Limited Power 2.40% Grindwell Norton Limted Industrial Products 0.49%
DLF Limited Realty 2.21% UNO Minda Limited Auto Components 0.49%
NAV (as on 31.03.24) Power Finance Corporation Agricultural Food & other
Finance 2.20% Balrampur Chini Mills Limited 0.45%
Limited Products
Growth ₹ 15.7462 Canara Bank Banks 2.19% Commercial Services &
Pharmaceuticals & eClerx Services Limited 0.44%
Direct Growth ₹ 15.9984 Zydus Lifesciences Limited 2.17% Supplies
Biotechnology VRL Logistics Limited Transport Services 0.42%
AUM (as on 31.03.24) ₹ 2669.86 Cr Trent Limited Retailing 2.17% Rolex Rings Limited Auto Components 0.39%
Sundaram Finance Limited Finance 1.99% Fertilizers & Agrochem-
AAUM (for the month KPIT Technologies Limited IT - Software 1.94% PI Industries Litmited 0.37%
₹ 2604.14 Cr icals
of Mar) Birlasoft Limited IT - Software 1.90% Agricultural Commercial &
ICICI Bank Limited Banks 1.88% Escorts Kubota Limited 0.36%
Fund Manager & Experience Construction Vehicles
Multi Commodity Exchange of RHI Magnesita India Limited Industrial Products 0.34%
Capital Markets 1.86%
Venugopal Manghat (Equity) India Limited Krishna Institute of Medical
Global Health Limited Healthcare Services 1.78% Healthcare Services 0.31%
Sciences Limited
Total Experience 28 Years Power Mech Projects Limited Construction 1.77% Sai Silks Kalamandir Limited Retailing 0.10%
Managing this fund Since Jan 30, 2023 State Bank of India Banks 1.76% Timken India Limited Industrial Products 0.05%
Shriram Finance Limited Finance 1.75% Sula Vineyards Limited Beverages 0.04%
Gautam Bhupal (Equity) Infosys Limited IT - Software 1.71% Cash Equivalent 1.72%
Oil India Limited Oil 1.70% TREPS* 1.77%
Total Experience 18 Years Zensar Technolgies Limited IT - Software 1.69% Net Current Assets: -0.05%
Managing this fund Since Apr 01, 2024 TVS Motor Company Limited Automobiles 1.63%
Phoenix Mills Limited Realty 1.63% Total Net Assets as on 31-March-2024 100.00%
Kapil Punjabi (Fixed Income) Varun Beverages Limited Beverages 1.57% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 17 Years Lemon Tree Hotels Limited Leisure Services 1.54%
JB Chemicals and Pharmaceu- Pharmaceuticals &
Managing this fund Since Jan 30, 2023 ticals Limited Biotechnology
1.52%
Industry Allocation5
Sonal Gupta (Overseas Investments) Jindal Stainless Limited Ferrous Metals 1.51%
Cement & Cement
Total Experience 16 Years UltraTech Cement Limited 1.49% IT - Software 10.95%
Products
9.84%
Managing this fund Since Jan 30, 2023 Sonata Software Limited IT - Software 1.33% Banks
8.54%
TD Power Systems Limited Electrical Equipment 1.33% Industrial Products
Minimum Investment1 GE TandD India Limited Electrical Equipment 1.30% Finance 8.43%
Construction 7.23%
Bharat Electronics Limited Aerospace & Defense 1.30%
Lumpsum ₹ 5,000 KEI Industries Limited Industrial Products 1.27% Pharmaceuticals & Biotechnology 6.17%
Realty 5.10%
SIP## Please refer page 73 Mahindra Lifespace Developers
Realty 1.26% Electrical Equipment 4.29%
Limited
Additional Purchase ₹ 1,000 KPR Mill Limited Textiles & Apparels 1.26% Petroleum Products 4.02%
Capital Markets 3.09%
Engineers India Limited Construction 1.26%
Entry load: “NA” HDFC Bank Limited Banks 1.26% Retailing 2.78%
Leisure Services 2.77%
Exit load: If units redeemed or switched out are HDFC Asset Management
Capital Markets 1.23% Automobiles 2.57%
upto 10% of the units purchased or switched in within Company Limited 2.40%
Power
The Indian Hotels Company
1 year from the date of allotment – Nil Leisure Services 1.23% Cement & Cement Products 2.20%
Limited
If units redeemed or switched out are over and above Healthcare Services 2.09%
APL Apollo Tubes Limited Industrial Products 1.22% 2.08%
the limit within 1 year from the date of allotment – 1% AIA Engineering Limited Industrial Products 1.14%
Textiles & Apparels
Reverse Repos/TREPS 1.77%
If units are redeemed or switched out on or after 1 Hindustan Petroleum Corpora-
Petroleum Products 1.14% Oil 1.70%
year from the date of allotment. – Nil tion Limited 1.61%
Beverages
Month End Total Expenses Ratios Wipro Limited IT - Software 1.07% Ferrous Metals 1.51%
PNC Infratech Limited Construction 1.05% 1.30%
(Annualized)2 Ratnamani Metals & Tubes
Aerospace & Defense
1.06%
Fertilizers & Agrochemicals
Industrial Products 1.01%
Regular3 1.97% Limited Agricultural Food & other Products 1.04%
Pharmaceuticals & Auto Components 0.88%
Direct 0.61% Neuland Laboratories Limited 1.01%
Biotechnology Diversified FMCG 0.87%
Siemens Limited Electrical Equipment 0.96% Chemicals & Petrochemicals 0.77%
Portfolio Turnover
0.13 Housing and Urban Develop- Gas 0.63%
(1 year) ment Corporation Limited
Finance 0.96% Consumer Durables 0.62%
Mahindra & Mahindra Limited Automobiles 0.94% Paper Forest & Jute Products 0.52%
1
in multiples of Re 1 thereafter. Sun Pharmaceutical Industries Pharmaceuticals & Commercial Services & Supplies 0.44%
2
TER Annualized TER including GST on Investment 0.89% Transport Services 0.42%
Limited Biotechnology Agricultural Commercial & 0.36%
Management Fees ITC Limited Diversified FMCG 0.87% Construction Vehicles
Axis Bank Limited Banks 0.85% Net Current Assets - 0.05%
3
Continuing plans
Gokaldas Exports Limited Textiles & Apparels 0.82%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Cholamandalam Investment &
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Finance 0.81% Portfolio Classification By Market Segment Class (%)5
Finance Company Limited
dated May 19, 2023, on ‘Guiding Principles for bringing Gujarat Fluorochemicals Chemicals & Petro-
uniformity in Benchmarks of Mutual Fund Schemes’ 0.77%
Limited chemicals 1.72%
has introduced two-tiered structure for benchmarking KEC International Limited Construction 0.75%
of certain categories of schemes. Accordingly, the Mahindra & Mahindra Financial
Finance 0.72%
benchmark has been classified as Tier 1 benchmark. Services Limited
Furthermore , the same is effective from 01 December Cement & Cement 25.32%
The Ramco Cements Limited 0.71%
2021. Products
ABB India Limited Electrical Equipment 0.70%
Note - Criteria for Large, Mid & Small companies - SEBI
Sumitomo Chemical India Fertilizers & Agrochem-
has demarcated the definitions of large cap, mid cap 0.69%
Limited icals
and small cap companies as given below. Indian Bank Banks 0.67%
Large Cap: 1st -100th company in terms of full market Persistent Systems Limited IT - Software 0.66% 39.05%
33.91%
capitalization, Mid Cap: 101st -250th company in terms Tech Mahindra Limited IT - Software 0.65%
of full market capitalization, Small Cap: 251st company Karur Vysya Bank Limited Banks 0.63%
onwards in terms of full market capitalization of large/ Aegis Logistics Limited Gas 0.63%
mid/small cap companies. A list of stocks as per above Safari Industries India Limited
Consumer Durables 0.62%
Federal Bank Limited Banks 0.60%
criteria will be uploaded on AMFI website and updated
Agricultural Food & other Large Cap Small Cap Mid Cap
every six months by AMFI. CCL Products (India) Limited 0.59%
Products
Pharmaceuticals & Debt
Suven Pharmaceuticals Limited 0.58%
Biotechnology

This product is suitable for investors who are seeking*:

Moderate Moderately

Low to
High
• To create wealth over long-term
High
Moderate
• Investment predominantly in equity and equity related securities across market capitalisation

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

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

14
 HSBC Small Cap Fund
Small 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.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets
EQUITY 97.41% Niit Learning Systems Limited Other Consumer Services 0.26%
Date of Allotment 12-May-14 Apar Industries Limited Electrical Equipment 3.31% Phoenix Mills Limited Realty 0.24%
EIH Limited Leisure Services 2.89% ideaForge Technology Limited Aerospace & Defense 0.23%
NIFTY Small Cap Brigade Enterprises Limited Realty 2.70% Orient Paper & Industries Limited Paper Forest & Jute Products 0.19%
Benchmark Sonata Software Limited IT - Software 2.64% WIM Plast Limited Industrial Products 0.17%
250 TRI6 KEI Industries Limited Industrial Products 2.45% Emami Paper Mills Limited Paper Forest & Jute Products 0.16%
KPIT Technologies Limited IT - Software 2.43% Sai Silks Kalamandir Limited Retailing 0.15%
NAV (as on 31.03.24) KPR Mill Limited
NCC Limited
Textiles & Apparels
Construction
2.23%
1.96%
Sunteck Realty Limited
Sula Vineyards Limited
Realty
Beverages
0.13%
0.04%
Century Textiles & Industries Limited Paper Forest & Jute Products 1.95% Cash Equivalent 2.59%
Growth ₹ 69.5454 Mahindra Lifespace Developers TREPS* 2.78%
Realty 1.86% Net Current Assets: -0.19%
Limited
Direct Growth ₹ 76.2563 Sobha Limited Realty 1.86% Total Net Assets as on 31-March-2024 100.00%
Birlasoft Limited IT - Software 1.82% *TREPS : Tri-Party Repo fully collateralized by G-Sec
AUM (as on 31.03.24) ₹ 13401.24 Cr Ratnamani Metals & Tubes Limited Industrial Products 1.76%
AAUM (for the month Trent Limited Retailing 1.71% Industry Allocation
₹ 13271.97 Cr Indian Bank Banks 1.68%
of Mar) Maharashtra Seamless Limited Industrial Products 1.65%
Karur Vysya Bank Limited Banks 1.62% Industrial Products 19.20%
Fund Manager & Experience JK Lakshmi Cement Limited Cement & Cement Products 1.61%
IT - Software 8.13%
Supreme Petrochem Limited Chemicals & Petrochemicals 1.58%
Venugopal Manghat (Equity) Krishna Institute of Medical
Healthcare Services 1.55%
Construction 7.12%
Sciences Limited Realty 6.79%
Total Experience 28 Years APL Apollo Tubes Limited Industrial Products 1.49%
Consumer Durables 5.30%
Tube Investments of India Limited Auto Components 1.49%
Managing this fund Since Dec 17, 2019 Techno Electric & Engineering Textiles & Apparels 4.74%
Construction 1.48%
Company Limited 4.73%
Cheenu Gupta (Equity) Finolex Cables Limited Industrial Products 1.42%
Auto Components
Grindwell Norton Limted Industrial Products 1.37% Pharmaceuticals & Biotechnology 4.55%
Total Experience 17 Years Neuland Laboratories Limited
Pharmaceuticals &
1.37% Banks 4.04%
Managing this fund Since Oct 01, 2023 KEC International Limited
Biotechnology
Construction 1.33% Leisure Services 3.75%
Persistent Systems Limited IT - Software 1.24% Electrical Equipment 3.31%
Sonal Gupta (Overseas Investments) Dixon Technologies (India) Limited Consumer Durables 1.23% Finance 2.88%
Finolex Industries Limited Industrial Products 1.22%
Total Experience 16 Years Gokaldas Exports Limited Textiles & Apparels 1.20% Reverse Repos/TREPS 2.78%
Managing this fund Since July 05, 2021 Suven Pharmaceuticals Limited
Pharmaceuticals &
1.16% Capital Markets 2.64%
Biotechnology 2.61%
Industrial Manufacturing
Minimum Investment1 Amber Enterprises India Limited Consumer Durables 1.15%
Cera Sanitaryware Limited Consumer Durables 1.12% Chemicals & Petrochemicals 2.39%
Lumpsum ₹ 5,000 HG Infra Engineering Limited Construction 1.10% Paper Forest & Jute Products 2.30%
Aegis Logistics Limited Gas 1.06%
SIP## Please refer page 73 JB Chemicals and Pharmaceuticals Pharmaceuticals & Retailing 2.16%
1.05%
Additional Purchase ₹ 1,000 Limited Biotechnology Cement & Cement Products 1.99%
Polycab India Limited Industrial Products 1.03% 1.87%
Healthcare Services
Entry load: “NA” Welspun Living Limited Textiles & Apparels 0.99%
Pharmaceuticals & Fertilizers & Agrochemicals 1.47%
Concord Biotech Limited 0.97%
Exit load: • If the units redeemed or switched out Biotechnology Agricultural Food & other Products 1.17%
are upto 10% of the units purchased or switched in EID Parry India Limited Fertilizers & Agrochemicals 0.92%
Gas 1.06%
RHI Magnesita India Limited Industrial Products 0.90%
(“the limit”) within 1 year from the date of allotment Carborundum Universal Limited Industrial Products 0.90% Commercial Services & Supplies 0.86%
- Nil Lakshmi Machine Works Limited Industrial Manufacturing 0.89%
Transport Services 0.75%
Can Fin Homes Limited Finance 0.89%
• If units redeemed or switched out are over and Apollo Pipes Limited Industrial Products 0.87% Household Products 0.63%
above the limit within 1 year from the date of allot- Multi Commodity Exchange of Beverages 0.48%
Capital Markets 0.86%
ment - 1% India Limited
Other Consumer Services 0.26%
• If units are redeemed or switched out on or after 1 Commercial Services &
eClerx Services Limited 0.86% Aerospace & Defense 0.23%
Supplies
year from the date of allotment - Nil Lemon Tree Hotels Limited Leisure Services 0.86% Net Current Assets - 0.19%
IIFL Finance Limited Finance 0.86%
Quantitative Data2 PNC Infratech Limited Construction 0.86%
Standard Deviation 14.84% VRL Logistics Limited Transport Services 0.75%
Federal Bank Limited Banks 0.74%
Beta (Slope) 0.76 Kajaria Ceramics Limited Consumer Durables 0.72% Portfolio Classification By Market Segment Class (%)
Sharpe Ratio 3 1.41 Kirloskar Pneumatic Co Limited
Supreme Industries Limited
Industrial Products
Industrial Products
0.71%
0.69%
R2 0.88% Timken India Limited Industrial Products 0.69% 2.59%
Sundaram Finance Limited Finance 0.69% 2.74%
Month End Total Expenses Ratios 360 One Wam Limited Capital Markets 0.68%
(Annualized)4 UNO Minda Limited Auto Components 0.68% 21.43%
GMM Pfaudler Limited Industrial Manufacturing 0.68%
Regular5 1.72% Jamna Auto Industries Limited Auto Components
Agricultural Food & other
0.65%

Direct 0.70% CCL Products (India) Limited

Products
0.64%
Jyothy Laboratories Limited Household Products 0.63%
Portfolio Turnover Jindal Saw Limited Industrial Products 0.63%
0.22
(1 year) BSE Limited Capital Markets 0.63%
Somany Ceramics Limited Consumer Durables 0.61%
Jyoti CNC Automation Limited Industrial Manufacturing 0.58%
1
in multiples of Re 1 thereafter. Motherson Sumi Wiring India
Auto Components 0.56%
2
Quantitative Data disclosed are as per monthly Limited
Time Technoplast Limited Industrial Products 0.56% 73.24%
returns Sumitomo Chemical India Limited Fertilizers & Agrochemicals 0.55%
Agricultural Food & other
(Annualized) for the last 3 years. Balrampur Chini Mills Limited
Products
0.53%
Small Cap Mid Cap Large Cap
Alkyl Amines Chemicals Limited Chemicals & Petrochemicals 0.52%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar Rolex Rings Limited Auto Components 0.51%
31, 2024) Century Plyboards (India) Limited Consumer Durables 0.47% Debt
Prudent Corporate Advisory
TER Annualized TER including GST on Investment
4 Capital Markets 0.47%
Services Limited
Management Fees Titagarh Rail Systems Limited Industrial Manufacturing 0.46%
MM Forgings Limited Auto Components 0.46%
5
Continuing plans Radico Khaitan Limited Beverages 0.44%
Cholamandalam Financial Holdings
Finance 0.44%
Note - Criteria for Large, Mid & Small companies - Limited
SEBI has demarcated the definitions of large cap, Hi-Tech Pipes Limited Industrial Products 0.43%
Isgec Heavy Engineering Limited Construction 0.39%
mid cap and small cap companies as given below. The Ramco Cements Limited Cement & Cement Products 0.38%
Large Cap: 1st -100th company in terms of full market Sterling Tools Limited Auto Components 0.38%
Rainbow Children''s Medicare
capitalization, Mid Cap: 101st -250th company in terms Healthcare Services 0.32%
Limited
of full market capitalization, Small Cap: 251st company Nitin Spinners Limited Textiles & Apparels 0.32%
onwards in terms of full market capitalization of large/ Electronics Mart India Limited Retailing 0.30%
mid/small cap companies. A list of stocks as per above Gujarat Fluorochemicals Limited Chemicals & Petrochemicals 0.29%
Happy Forgings Limited Industrial Products 0.26%
criteria will be uploaded on AMFI website and updated
every six months by AMFI. 6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding
Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been classified as Tier 1 benchmark. Furthermore , the same is effective from 01 December 2021.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term capital appreciation
Low to
Moderate
High
• Investment predominantly in equity and equity related securities, including equity derivatives in Indian markets with key
theme focus being emerging companies (small cap stocks); and foreign securities
Low
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Very High

RISKOMETER

Investors understand that their principal

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be at Very High risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

15
 HSBC Focused Fund
(Focused Fund – An open ended equity scheme investing in maximum 30 stocks across market caps (i.e. Multi-Cap))
Investment Objective: To seek long term capital growth through investments in a concentrated portfolio of equity & equity related
instruments of up to 30 companies across market capitalization. However, there is no assurance that the investment objective of the
Scheme will be achieved.

Fund Details Issuer Industry/Rating % to Net Assets Industry Allocation

EQUITY 97.77%
Banks 18.24%
Date of Allotment 22-July-2020 ICICI Bank Limited Banks 8.71%
IT - Software 9.40%
Benchmark Nifty 500 TRI4 Reliance Industries Limited Petroleum Products 5.68%
9.08%
Construction
NAV (as on 31.03.24) Larsen & Toubro Limited Construction 5.63%
Finance 7.12%
HDFC Bank Limited Banks 5.53%
Growth ₹ 21.7219 Consumer Durables 6.88%
DLF Limited Realty 5.43% 6.70%
Direct Growth ₹ 22.9488 Pharmaceuticals & Biotechnology
Oil & Natural Gas
AUM (as on 31.03.24) ₹ 1569.67 Cr Oil 4.61% Industrial Products 6.62%
Corporation Limited
Petroleum Products 5.68%
AAUM (for the month Sun Pharmaceutical Pharmaceuticals &
₹ 1573.83 Cr 4.13%
of Mar) Industries Limited Biotechnology Realty 5.43%

Fund Manager & Experience Axis Bank Limited Banks 4.00% Oil 4.61%

Neelotpal Sahai (Equity) Automobiles 3.43%

Titan Company Limited Consumer Durables 3.63%
Healthcare Services 3.31%
Total Experience 29 Years Zensar Technolgies
Managing this fund Since Jul 29, 2020 IT - Software 3.48% 3.20%
Limited Capital Markets

Cheenu Gupta (Equity) Power Mech Projects Reverse Repos/TREPS 2.33%

Construction 3.45% Agricultural Commercial &
Total Experience 17 Years Limited Construction Vehicles 2.21%
Managing this fund Since Jun 01, 2023 Infosys Limited IT - Software 3.44% Financial Technology (Fintech) 2.15%

Minimum Investment1 TVS Motor Company Auto Components 1.46%

Automobiles 3.43%
Lumpsum ₹ 5,000 Limited IT - Services 1.38%
Rainbow Children''s
SIP## Please refer page 73 Healthcare Services 3.31% Fertilizers & Agrochemicals 0.87%
Medicare Limited
Additional Purchase ₹ 1,000 Net Current Assets - 0.10%
KEI Industries Limited Industrial Products 3.31%
Entry load: “NA”
Blue Star Limited Consumer Durables 3.25%
Exit load: If the units redeemed or switched out are Multi Commodity Portfolio Classification By Market Segment Class (%)
upto 10% of the units purchased or switched in (‘‘the Capital Markets 3.20%
limit”) within 1 year from the date of allotment - Nil Exchange of India Limited
If units redeemed or switched out are over and above Shriram Finance Limited Finance 3.01%
18.01%
the limit within 1 year from the date of allotment - 1% APL Apollo Tubes Limited Industrial Products 2.86%
If units are redeemed or switched out on or after 1
Sundaram Finance Limited Finance 2.64%
year from the date of allotment - Nil
Pharmaceuticals & 2.23%
Quantitative Data 5
Mankind Pharma Limited 2.57% 18.49%
Biotechnology
Standard Deviation 12.33%
Coforge Limited IT - Software 2.48%
Beta (Slope) 0.84 Agricultural
Sharpe Ratio 6 0.63 Escorts Kubota Limited Commercial & 2.21%
R2 0.90% Construction Vehicles
61.27%
Month End Total Expenses Ratios Financial Technology
PB Fintech Limited 2.15%
(Annualized)2 (Fintech)
Cholamandalam Large Cap Mid Cap Small Cap
Regular5 2.13%
Investment & Finance Finance 1.47%
Direct 0.93% Debt
Company Limited
Portfolio Turnover Exide Industries Limited Auto Components 1.46%
0.38
(1 year)
Tata Technologies Limited IT - Services 1.38%
1
in multiples of Re 1 thereafter. Mangalore Chemicals & Fertilizers &
2
TER Annualized TER including GST on Investment 0.87%
Fertilizers Limited Agrochemicals
Management Fees
RHI Magnesita India
3
Continuing plans Industrial Products 0.45%
Limited
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Cash Equivalent 2.23%
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ TREPS* 2.33%
has introduced two-tiered structure for benchmarking Net Current Assets: -0.10%
of certain categories of schemes. Accordingly, the
benchmark has been changed to Nifty 500 TRI which Total Net Assets as on 31-March-2024 100.00%
has been classified as Tier 1 benchmark. Furthermore, *TREPS : Tri-Party Repo fully collateralized by G-Sec
the same is effective from 01 December 2021.
5
Quantitative Data disclosed are as per monthly
returns
(Annualized) for the last 3 years.
6
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar
31, 2024)

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term wealth creation
Low to
Moderate
High
• Investment in equity and equity related securities across market capitalization in maximum 30 stocks
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

16
 HSBC Infrastructure Fund
Infrastructure 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 that the investment objective of the scheme
would be achieved.

Fund Details Issuer Industry/Rating % to Net Assets Industry Allocation

EQUITY 98.93%
Date of Allotment 27-Sep-07 Larsen & Toubro Limited Construction 9.52%
Construction 19.71%
NIFTY Infrastructure NTPC Limited Power 8.17%
Benchmark Bharat Electronics Limited Aerospace & Defense 7.14% Industrial Products 15.48%
TRI6
Reliance Industries Limited Petroleum Products 4.94% Power 8.17%
NAV (as on 31.03.24) Cement & Cement 7.43%
UltraTech Cement Limited 3.92% Electrical Equipment
Growth ₹ 40.0088 Products
Bharti Airtel Limited Telecom - Services 3.89% Aerospace & Defense 7.14%
Direct Growth ₹ 44.3794
Century Textiles & Industries Paper Forest & Jute Petroleum Products 5.82%
AUM (as on 31.03.24) ₹ 2213.09 Cr 2.93%
Limited Products
Cement & Cement Products 5.67%
AAUM (for the month Finolex Cables Limited Industrial Products 2.77%
₹ 2166.38 Cr ABB India Limited Electrical Equipment 2.59% Realty 4.22%
of Mar)
KEI Industries Limited Industrial Products 2.35% Telecom - Services 3.89%
Fund Manager & Experience Kirloskar Oil Eng Limited Industrial Products 2.22%
3.75%
Industrial Manufacturing
Power Finance Corporation
Venugopal Manghat (Equity) Limited
Finance 2.10% Paper Forest & Jute Products 2.93%
Total Experience 28 Years Brigade Enterprises Limited Realty 2.05% Consumer Durables 2.70%
Managing this fund Since Dec 17, 2019 PNC Infratech Limited Construction 1.97%
Transport Services 2.53%
Cement & Cement
Gautam Bhupal (Equity) Birla Corporation Limited 1.75% Gas 2.46%
Products
Total Experience Over 18 Years KEC International Limited Construction 1.74% Finance 2.10%
Dixon Technologies (India)
Managing this fund Since Nov 26, 2022 Limited
Consumer Durables 1.68% Reverse Repos/TREPS 1.69%

Sonal Gupta (Overseas Investment) Apar Industries Limited Electrical Equipment 1.67% Non - Ferrous Metals 1.27%
Siemens Limited Electrical Equipment 1.60% Agricultural Commercial & 1.27%
Total Experience Over 16 Years APL Apollo Tubes Limited Industrial Products 1.59% Construction Vehicles
Managing this fund Since Nov 26, 2022 Oil 0.95%
Power Mech Projects Limited Construction 1.57%
Kennametal India Limited Industrial Manufacturing 1.53% Ferrous Metals 0.83%
Minimum Investment1
Aegis Logistics Limited Gas 1.53% Consumable Fuels 0.48%
Lumpsum ₹ 5,000 Grindwell Norton Limted Industrial Products 1.52%
SIP## Please refer page 73 Kirloskar Pneumatic Co Limited Industrial Products 1.36% Telecom Services 0.13%
Additional Purchase ₹ 1,000 Sterling and Wilson Renewable Net Current Assets - 0.62%
Construction 1.36%
Entry load: “NA” Energy Limited
Container Corporation of India
Exit load: • If the units redeemed or switched out Limited
Transport Services 1.33%
are upto 10% of the units purchased or switched in Hindalco Industries Limited Non - Ferrous Metals 1.27% Portfolio Classification By Market Segment Class (%)
(“the limit”) within 1 year from the date of allotment Agricultural Commercial &
- Nil BEML Limited 1.27%
Construction Vehicles
• If units redeemed or switched out are over and NCC Limited Construction 1.25%
above the limit within 1 year from the date of allot- VRL Logistics Limited Transport Services 1.20% 14.91%
ment - 1%
Titagarh Rail Systems Limited Industrial Manufacturing 1.19%
• If units are redeemed or switched out on or after 1
HG Infra Engineering Limited Construction 1.09%
year from the date of allotment - Nil
Jyoti CNC Automation Limited Industrial Manufacturing 1.03%
Quantitative Data2 Amber Enterprises India
Consumer Durables 1.02% 1.07%
Standard Deviation 14.12% Limited
Bharat Heavy Electricals
Beta (Slope) 0.77 Limited
Electrical Equipment 1.02%

Sharpe Ratio 3 1.42 Polycab India Limited Industrial Products 1.01%

47.29%
Oil India Limited Oil 0.95%
R2 0.71% Gujarat Gas Limited Gas 0.93% 36.73%
Mahindra Lifespace Developers
Month End Total Expenses Ratios Limited
Realty 0.92%
Large Cap Small Cap Mid Cap
(Annualized)4 Hindustan Petroleum Corpora-
Petroleum Products 0.88%
Regular 5
2.08% tion Limited
Debt
Jindal Stainless Limited Ferrous Metals 0.83%
Direct 1.04% Phoenix Mills Limited Realty 0.72%
Portfolio Turnover Jindal Saw Limited Industrial Products 0.72%
0.23 Isgec Heavy Engineering
(1 year) Limited
Construction 0.61%
1
in multiples of Re 1 thereafter. Timken India Limited Industrial Products 0.56%
2
Quantitative Data disclosed are as per monthly returns Suzlon Energy Limited Electrical Equipment 0.55%
(Annualized) for the last 3 years. Hi-Tech Pipes Limited Industrial Products 0.54%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, DLF Limited Realty 0.53%
2024) Coal India Limited Consumable Fuels 0.48%
4
TER Annualized TER including GST on Investment Ratnamani Metals & Tubes
Industrial Products 0.48%
Management Fees Limited
5
Continuing plans Engineers India Limited Construction 0.45%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Happy Forgings Limited Industrial Products 0.36%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated Ahluwalia Contracts (India)
May 19, 2023, on ‘Guiding Principles for bringing uniformity
Construction 0.15%
Limited
in Benchmarks of Mutual Fund Schemes’ has introduced Bharti Airtel Limited Partly
two-tiered structure for benchmarking of certain categories Telecom Services 0.13%
of schemes. Accordingly, the benchmark has been classified
Paid
as Tier 1 benchmark. Furthermore , the same is effective Cash Equivalent 1.07%
from 01 December 2021. TREPS* 1.69%
Net Current Assets: -0.62%
Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec; @ Awaited Listing

This product is suitable for investors who are seeking*:

Moderate Moderately
High • To create wealth over long term
Low to
Moderate
High
• Invests in equity and equity related securities, primarily in themes that play an important role in India’s economic
development
Low
Very High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

17
 HSBC Value Fund
Value Fund - An open ended equity scheme following a value investment strategy
Investment Objective: To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related
securities, in the Indian markets with higher focus on undervalued securities. The Scheme could also additionally invest in Foreign
Securities in international markets.

Issuer Industry/Rating % to Net Assets

Fund Details Issuer Industry/Rating % to Net Assets
EQUITY 98.05%
Date of Allotment 08-Jan-10 Hindalco Industries Limited Non - Ferrous Metals 0.31%
NTPC Limited Power 4.44% Somany Ceramics Limited Consumer Durables 0.18%
Benchmark Nifty 500 TRI6 ICICI Bank Limited Banks 4.19% Eureka Forbes Limited Consumer Durables 0.12%
Jindal Stainless Limited Ferrous Metals 4.18% Chemicals & Petro-
NAV (as on 31.03.24) State Bank of India Banks 3.80% NOCIL Limited
chemicals
0.07%
Indian Bank Banks 2.80% Zuari Agro Chemicals Limited Fertilizers & Agrochemicals 0.06%
Growth ₹ 91.4872 Canara Bank Banks 2.79% Cash Equivalent 1.95%
Sun Pharmaceutical Industries Pharmaceuticals &
Direct Growth ₹ 100.8732 2.68% TREPS* 2.26%
Limited Biotechnology Net Current Assets: -0.31%
AUM (as on 31.03.24) ₹ 11430.68 Cr Reliance Industries Limited Petroleum Products 2.60% Total Net Assets as on 31-March-2024 100.00%
Larsen & Toubro Limited Construction 2.42%
AAUM (for the month *TREPS : Tri-Party Repo fully collateralized by G-Sec
₹ 11406.94 Cr Mahindra & Mahindra Limited Automobiles 2.40%
of Mar) KEC International Limited Construction 2.36%
Fund Manager & Experience Multi Commodity Exchange of
Capital Markets 2.34%
India Limited
Venugopal Manghat (Equity) Federal Bank Limited Banks 2.11% Industry Allocation
Total Experience 28 Years Karur Vysya Bank Limited Banks 2.10%
Kirloskar Oil Eng Limited Industrial Products 2.08%
Managing this fund Since Nov 24,2012 Zensar Technolgies Limited IT - Software 1.96%
Banks 21.30%
IT - Software 10.32%
Gautam Bhupal (Equity) Brigade Enterprises Limited Realty 1.89%
Construction 8.79%
Axis Bank Limited Banks 1.86%
Total Experience 18 Years Birlasoft Limited IT - Software 1.84% Industrial Products 5.33%
Managing this fund Since Oct 01, 2023 Bharti Airtel Limited Telecom - Services 1.81% Ferrous Metals 5.13%

Sonal Gupta (Overseas Investments) Power Mech Projects Limited Construction 1.70% Realty 4.96%
Sobha Limited Realty 1.65% Power 4.44%
Total Experience 16 Years Cement & Cement Automobiles
JK Lakshmi Cement Limited 1.62% 4.28%
Managing this fund Since Jul 05, 2021 Products
Cement & Cement Products 3.64%
Infosys Limited IT - Software 1.57%
Minimum Investment1 Bosch Limited Auto Components 1.49% Petroleum Products 3.60%
Finance
Lumpsum ₹ 5,000 Power Finance Corporation
Finance 1.49%
3.30%
Limited Pharmaceuticals & Biotechnology 2.68%
SIP## Please refer page 73 Sonata Software Limited IT - Software 1.47% Capital Markets 2.34%
Additional Purchase ₹ 1,000 PNC Infratech Limited Construction 1.44% Reverse Repos/TREPS 2.26%
Oberoi Realty Limited Realty 1.42% Textiles & Apparels 1.92%
Entry load: “NA” Tech Mahindra Limited IT - Software 1.39%
Paper Forest & Jute Products 1.89%
Exit load: If the units redeemed or switched out are Hindustan Aeronautics Limited Aerospace & Defense 1.38%
Telecom - Services 1.81%
upto 10% of the units purchased or switched in (‘’the The Indian Hotels Company
Leisure Services 1.37% Auto Components 1.49%
limit’’) within 1 year from the date of allotment - Nil Limited
If units redeemed or switched out are over and above Ratnamani Metals & Tubes Fertilizers & Agrochemicals 1.38%
Industrial Products 1.35%
the limit within 1 year from the date of allotment - 1% Limited Aerospace & Defense 1.38%
If units are redeemed or switched out on or after 1 Finolex Cables Limited Industrial Products 1.32% Leisure Services 1.37%
year from the date of allotment - Nil ITC Limited Diversified FMCG 1.25%
Diversified FMCG 1.25%
Can Fin Homes Limited Finance 1.22%
Quantitative Data2 Cement & Cement
Electrical Equipment 1.16%
Birla Corporation Limited 1.20% Beverages 1.09%
Standard Deviation 13.58% Products
Agricultural Commercial &
GE TandD India Limited Electrical Equipment 1.16% Construction Vehicles 1.01%
Beta (Slope) 0.90 HDFC Bank Limited Banks 1.16% Chemicals & Petrochemicals 0.87%
Sharpe Ratio 3 1.21 KPR Mill Limited Textiles & Apparels 1.11% Personal Products 0.38%
Varun Beverages Limited Beverages 1.09% Agricultural Food & other Products 0.33%
R2 0.85% Paper Forest & Jute
JK Paper Limited 1.06% Non - Ferrous Metals 0.31%
Month End Total Expenses Ratios Products
Consumer Durables 0.30%
Agricultural Commercial &
(Annualized)4 Escorts Kubota Limited
Construction Vehicles
1.01% Net Current Assets - 0.31%
Regular5 1.76% Bajaj Auto Limited Automobiles 1.01%
Hindustan Petroleum Corpora-
Direct 0.79% tion Limited
Petroleum Products 1.00%

Portfolio Turnover Jindal Steel & Power Limited Ferrous Metals 0.95% Portfolio Classification By Market Segment Class (%)
0.19 Coromandel International Fertilizers & Agrochem-
(1 year) 0.91%
Limited icals 1.95%
1
in multiples of Re 1 thereafter. Maruti Suzuki India Limited Automobiles 0.87%
2
Quantitative Data disclosed are as per monthly returns KNR Constructions Limited Construction 0.87%
Century Textiles & Industries Paper Forest & Jute 19.49%
(Annualized) for the last 3 years. 0.83%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, Limited Products
2024) Cement & Cement
The Ramco Cements Limited 0.82%
4
TER Annualized TER including GST on Investment Products
Management Fees Vardhman Textiles Limited Textiles & Apparels 0.81%
5
Continuing plans Wipro Limited IT - Software 0.71%
6
As per clause 1.9 of the SEBI Master Circular for Mutual HCL Technologies Limited IT - Software 0.70%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated Persistent Systems Limited IT - Software 0.68% 43.36%
May 19, 2023, on ‘Guiding Principles for bringing uniformity Mahindra & Mahindra Financial 35.20%
in Benchmarks of Mutual Fund Schemes’ has introduced Finance 0.59%
Services Limited
two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been classified Jindal Saw Limited Industrial Products 0.58%
as Tier 1 benchmark. Furthermore , the same is effective Punjab National Bank Limited Banks 0.49% Large Cap Small Cap Mid Cap
from 01 December 2021. Chemicals & Petro-
Supreme Petrochem Limited 0.42%
chemicals Debt
Fertilizers & Agrochem-
Paradeep Phosphates Limited 0.41%
icals
Emami Limited Personal Products 0.38%
Gujarat Narmada Valley Chemicals & Petro-
0.38%
Fertilizers & Chemicals Ltd chemicals
Agricultural Food & other
CCL Products (India) Limited 0.33%
Products

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term capital appreciation
Low to
Moderate
High
• Investment predominantly in equity and equity-related securities in Indian markets and foreign securities, with higher
focus on undervalued securities
Low
Very High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

18
 HSBC Business Cycles Fund
Thematic Fund - An open ended equity scheme following business cycles based investing theme.
Investment Objective: To seek to generate long-term capital appreciation from a portfolio of predominantly equity and equity related securities, including
equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different
stages of business cycles in the economy.
The Scheme could also additionally invest in Foreign Securities.
There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets

Date of Allotment 20-Aug-14 EQUITY 98.15% Coal India Limited Consumable Fuels 0.48%
ICICI Bank Limited Banks 6.08% Hi-Tech Pipes Limited Industrial Products 0.48%
Benchmark Nifty 500 TRI 6
Trent Limited Retailing 5.53% Mangalore Chemicals & Fertilizers & Agrochem-
0.40%
NAV (as on 31.03.24) Reliance Industries Limited Petroleum Products 5.27% Fertilizers Limited icals

Larsen & Toubro Limited Construction 4.92% Cash Equivalent 1.85%

Growth ₹ 34.2869
Multi Commodity Exchange of TREPS* 2.20%
Direct Growth ₹ 37.2022 India Limited
Capital Markets 4.13% Net Current Assets: -0.35%
AUM (as on 31.03.24) ₹ 764.45 Cr Ahluwalia Contracts (India) Total Net Assets as on 31-March-2024 100.00%
Construction 3.67%
AAUM (for the month Limited *TREPS : Tri-Party Repo fully collateralized by G-Sec
₹ 757.48 Cr HDFC Bank Limited Banks 3.41%
of Mar)
Power Mech Projects Limited Construction 2.98%
Fund Manager & Experience
ABB India Limited Electrical Equipment 2.71%
Gautam Bhupal (Equity) Industry Allocation
Bharat Electronics Limited Aerospace & Defense 2.64%
Total Experience 18 Years EIH Limited Leisure Services 2.53%
Managing this fund Since Jun 01 2023 Construction 18.14%
Cement & Cement Banks 15.82%
UltraTech Cement Limited 2.50%
Venugopal Manghat (Equity) Products Industrial Products 8.91%
Total Experience 28 Years State Bank of India Banks 2.25% Consumer Durables 5.63%
Managing this fund Since Aug 20 2014 Aegis Logistics Limited Gas 2.06% Retailing 5.53%
Power Finance Corporation Petroleum Products 5.27%
Sonal Gupta (Overseas Investments) Finance 2.01%
Limited Cement & Cement Products 4.33%
Total Experience 16 Years Blue Star Limited Consumer Durables 2.00% Capital Markets 4.13%
Managing this fund Since Jul 05 2021 Finance 2.81%
Century Textiles & Industries Paper Forest & Jute
1.86% Realty
Minimum Investment1 Limited Products 2.76%
Electrical Equipment 2.71%
Lumpsum ₹ 5,000 Birla Corporation Limited
Cement & Cement
1.83% Aerospace & Defense 2.64%
Products
SIP ##
Please refer page 73 Leisure Services 2.53%
KEC International Limited Construction 1.69%
Reverse Repos/TREPS 2.20%
Additional Purchase ₹ 1,000 Kirloskar Pneumatic Co Limited Industrial Products 1.63% Gas 2.06%
Entry load: “NA” Gokaldas Exports Limited Textiles & Apparels 1.63% Paper Forest & Jute Products 1.86%
Exit load: • If the units redeemed or switched out Mahindra Lifespace Developers Auto Components 1.74%
Realty 1.54%
are upto 10% of the units purchased or switched in Limited Textiles & Apparels 1.63%
(“the limit”) within 1 year from the date of allotment Canara Bank Banks 1.52% Financial Technology (Fintech) 1.41%
- Nil Automobiles 1.41%
IndusInd Bank Limited Banks 1.52%
• If units redeemed or switched out are over and Transport Services 1.40%
above the limit within 1 year from the date of allot- APL Apollo Tubes Limited Industrial Products 1.50%
Chemicals & Petrochemicals 1.28%
ment - 1% PNC Infratech Limited Construction 1.50% Industrial Manufacturing 1.11%
• If units are redeemed or switched out on or after 1 Titan Company Limited Consumer Durables 1.44% Ferrous Metals 1.10%
year from the date of allotment - Nil
TVS Motor Company Limited Automobiles 1.41% Non - Ferrous Metals 1.06%
Quantitative Data 2
Ratnamani Metals & Tubes Consumable Fuels 0.48%
Industrial Products 1.41%
Standard Deviation 13.48% Limited Fertilizers & Agrochemicals 0.40%
Beta (Slope) 0.89 Financial Technology Net Current Assets -0.35%
PB Fintech Limited 1.41%
Sharpe Ratio 3 0.95 (Fintech)
R2 0.84% AIA Engineering Limited Industrial Products 1.37%
Month End Total Expenses Ratios Time Technoplast Limited Industrial Products 1.35%
(Annualized)4 Portfolio Classification By Market Segment Class (%)
Sterling and Wilson Renewable
Construction 1.31%
Regular5 2.40% Energy Limited
1.85%
Gujarat Fluorochemicals Chemicals & Petro- 10.09%
Direct 1.33% 1.28%
Limited chemicals
Portfolio Turnover NCC Limited Construction 1.23%
0.26
(1 year)
Brigade Enterprises Limited Realty 1.22%
1
in multiples of Re 1 thereafter.
Timken India Limited Industrial Products 1.17%
2
Quantitative Data disclosed are as per monthly returns
Amber Enterprises India
(Annualized) for the last 3 years. Consumer Durables 1.12%
Limited
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024)
4
TER Annualized TER including GST on Investment Management Indian Hume Pipe Company
Industrial Manufacturing 1.11%
Fees Limited
41.47% 46.59%
5
Continuing plans Jindal Stainless Limited Ferrous Metals 1.10%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds
Kajaria Ceramics Limited Consumer Durables 1.07%
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19,
2023, on ‘Guiding Principles for bringing uniformity in Benchmarks Hindalco Industries Limited Non - Ferrous Metals 1.06% Large Cap Small Cap Mid Cap
of Mutual Fund Schemes’ has introduced two-tiered structure for
benchmarking of certain categories of schemes. Accordingly, the Bank of Baroda Banks 1.04%
benchmark has been classified as Tier 1 benchmark. Furthermore, Sundram Fasteners Limited Auto Components 0.88% Debt
the same is effective from 01 December 2021.
VRL Logistics Limited Transport Services 0.88%
Motherson Sumi Wiring India
Auto Components 0.86%
Limited
HG Infra Engineering Limited Construction 0.84%
Cholamandalam Investment &
Finance 0.80%
Finance Company Limited
Container Corporation of India
Transport Services 0.52%
Limited

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term capital appreciation.
Low to
Moderate
High
• Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with focus
on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business
cycles in the economy
Low
Very High
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
RISKOMETER

Investors understand that their principal

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be at Very High risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

19
 HSBC Consumption Fund
Thematic Fund - An open ended equity scheme following consumption theme
Investment Objective: The investment objective of the Fund is to generate long-term capital growth from an actively managed portfolio of
equity and equity related securities of companies engaged in or expected to benefi t from consumption and consumption related activities.
However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets

Date of Allotment 31-Aug-23 EQUITY 96.47% Safari Industries India

Consumer Durables 0.96%
Varun Beverages Limited Beverages 6.10% Limited
Nifty India
Bharti Airtel Limited Telecom - Services 5.60% Gillette India Limited Personal Products 0.89%
Benchmark Consumption Index
TRI4 Titan Company Limited Consumer Durables 5.07% Jubilant Foodworks Limited Leisure Services 0.34%
NAV (as on 31.03.24) Avenue Supermarts DOMS Industries Limited Household Products 0.17%
Retailing 4.47%
Limited Cash Equivalent 3.53%
Growth ₹ 11.9761
Global Health Limited Healthcare Services 4.33% TREPS* 3.71%
Direct Growth ₹ 12.0739
Hindustan Unilever Limited Diversified FMCG 3.69% Net Current Assets: -0.18%
AUM (as on 31.03.24) ₹ 1172.77 Cr
Zomato Limited Retailing 3.39% Total Net Assets as on 31-March-2024 100.00%
AAUM (for the month
₹ 1145.11 Cr Financial Technology *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Mar) PB Fintech Limited 3.22%
(Fintech)
Fund Manager & Experience Godrej Consumer Prod-
Personal Products 3.13% Industry Allocation
Gautam Bhupal (Equity) ucts Limited
Total Experience 18 Years Kalyan Jewellers India
Consumer Durables 3.01% Consumer Durables 20.49%
Managing this fund Since Aug 31, 2023 Limited
Retailing 14.62%
Anish Goenka (Equity) Maruti Suzuki India Limited Automobiles 2.81%
Beverages 8.73%
Total Experience 11 Years DLF Limited Realty 2.64% Healthcare Services 6.83%
Managing this fund Since Oct 01, 2023 Radico Khaitan Limited Beverages 2.63% Automobiles 6.45%
Sonal Gupta (Overseas Investments) Dixon Technologies (India) Realty 5.95%
Consumer Durables 2.56%
Total Experience 16 Years Limited
Telecom - Services 5.60%
Managing this fund Since Aug 31, 2023 Rainbow Children''s
Healthcare Services 2.50% Leisure Services 4.10%
Minimum Investment1 Medicare Limited
Personal Products 4.02%
Multi Commodity Ex-
Lumpsum ₹ 5,000 Capital Markets 2.42% Capital Markets 4.02%
change of India Limited
SIP## Please refer page 73 Reverse Repos/TREPS 3.71%
Havells India Limited Consumer Durables 2.37%
Additional Purchase ₹ 1,000 Lemon Tree Hotels Limited Leisure Services 2.32%
Diversified FMCG 3.69%

Financial Technology (Fintech) 3.22%

Entry load: “NA” TVS Motor Company
Automobiles 2.24% Food Products 2.05%
Exit load: If units redeemed or switched out Limited
are upto 10% of the units purchased or switched Textiles & Apparels 1.59%
Bikaji Foods International
in within 1 year from the date of allotment – Nil Food Products 2.05% Paper Forest & Jute Products 1.27%
If units redeemed or switched out are over and above
Limited
Finance 1.27%
the limit within 1 year from the date of allotment – 1% Trent Limited Retailing 2.00%
If units are redeemed or switched out on or after 1 Entertainment 1.21%
year from the date of allotment – Nil
Amber Enterprises India
Consumer Durables 1.95% Agricultural Food & other Products 1.19%
Limited
Month End Total Expenses Ratios Household Products 0.17%
Phoenix Mills Limited Realty 1.81%
(Annualized)2 Net Current Assets - 0.18%
360 One Wam Limited Capital Markets 1.60%
Regular3 2.08%
Page Industries Limited Textiles & Apparels 1.59%
Direct 0.69%
Sai Silks Kalamandir
Portfolio Turnover Retailing 1.54%
0.04 Limited Portfolio Classification By Market Segment Class (%)
(1 year)
Sobha Limited Realty 1.50%
1
in multiples of Re 1 thereafter. Devyani International
Leisure Services 1.44% 3.53%
TER Annualized TER including GST on Investment
2
Limited
Management Fees
Bajaj Auto Limited Automobiles 1.40%
3
Continuing plans 17.64%
Voltas Limited Consumer Durables 1.34%
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Century Textiles & Indus- Paper Forest & Jute
1.27%
dated May 19, 2023, on ‘Guiding Principles for bringing tries Limited Products
uniformity in Benchmarks of Mutual Fund Schemes’ Cholamandalam Financial
Finance 1.27%
has introduced two-tiered structure for benchmarking Holdings Limited
44.91%
of certain categories of schemes. Accordingly, the Metro Brands Limited Consumer Durables 1.22% 33.92%
benchmark has been classified as Tier 1 benchmark.
Furthermore , the same is effective from 01 December PVR INOX Limited Entertainment 1.21%
2021. CCL Products (India) Agricultural Food & Large Cap Small Cap Mid Cap
1.19%
Limited other Products
Vedant Fashions Limited Retailing 1.11% Debt
Electronics Mart India
Retailing 1.09%
Limited
Credo Brands Marketing
Retailing 1.02%
Limited
Redtape Limited Consumer Durables 1.01%
Kajaria Ceramics Limited Consumer Durables 1.00%

This product is suitable for investors who are seeking*:

Moderate Moderately
High • To create wealth over long-term.
Low to
Moderate
High
• Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from
consumption and consumption related activities
Low
Very High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

20
 HSBC Nifty 50 Index Fund
Index Fund - An open-ended Equity Scheme tracking NIFTY 50 Index.
Investment Objective: The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 index in the same
proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance
difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain /
loss plus dividend payments by the constituent stocks.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets

Date of Allotment 15-Apr-20 EQUITY 99.80% LTIMindtree Limited IT - Software 0.46%

HDFC Bank Limited Banks 11.05% Pharmaceuticals &
Benchmark Nifty 50 TRI 4 Divi''s Laboratories Limited
Biotechnology
0.45%
Reliance Industries Limited Petroleum Products 10.20%
NAV (as on 31.03.24) ICICI Bank Limited Banks 7.79%
Cash Equivalent 0.20%
TREPS* 0.34%
Growth ₹ 25.4266 Infosys Limited IT - Software 5.42%
Net Current Assets: -0.14%
Direct Growth ₹ 25.7837 Larsen & Toubro Limited Construction 4.51%
Total Net Assets as on 31-March-2024 100.00%
AUM (as on 31.03.24) ₹ 244.97 Cr Tata Consultancy Services
IT - Software 3.98%
Limited *TREPS : Tri-Party Repo fully collateralized by G-Sec
AAUM (for the month
₹ 241.18 Cr ITC Limited Diversified FMCG 3.85%
of Mar)
Bharti Airtel Limited Telecom - Services 3.24%
Fund Manager & Experience Industry Allocation
Axis Bank Limited Banks 3.02%
Praveen Ayathan (Equity) State Bank of India Banks 2.93%
Total Experience 28 Years Banks 28.49%
Kotak Mahindra Bank Limited Banks 2.66%
Managing this fund Since Apr 15, 2020 IT - Software 13.01%
Hindustan Unilever Limited Diversified FMCG 2.05%
Petroleum Products 10.78%
Rajeesh Nair (Equity) Bajaj Finance Limited Finance 2.05%
Automobiles 7.56%
Total Experience 12 Years Mahindra & Mahindra Limited Automobiles 1.87%
Diversified FMCG 5.90%
Managing this fund Since Oct 01, 2023 Tata Motors Limited Automobiles 1.77% Construction 4.51%
Minimum Investment 1
Sun Pharmaceutical Industries Pharmaceuticals &
1.77% Pharmaceuticals & Biotechnology 3.78%
Lumpsum ₹ 5,000 Limited Biotechnology
Finance 3.62%
Maruti Suzuki India Limited Automobiles 1.69%
SIP## Please refer page 73 Telecom - Services 3.24%
HCL Technologies Limited IT - Software 1.66%
Additional Purchase ₹ 1,000 Consumer Durables 2.91%
NTPC Limited Power 1.62%
Power 2.90%
Entry load: “NA”
Titan Company Limited Consumer Durables 1.61% Ferrous Metals 2.10%
Exit load: • If the units redeemed or switched Asian Paints Limited Consumer Durables 1.30% Cement & Cement Products 2.00%
out are upto 10% of the units purchased or
Tata Steel Limited Ferrous Metals 1.30% Food Products
switched in (“the limit”) within 1 Month from 1.54%

the date of allotment - Nil Power Grid Corporation of Insurance 1.37%

Power 1.28%
India Limited
• If units redeemed or switched out are over Oil 1.06%
and above the limit within 1 Month from the Cement & Cement Consumable Fuels
UltraTech Cement Limited 1.14% 1.00%
date of allotment - 1% Products
Transport Infrastructure 1.00%
• If units are redeemed or switched out on or Oil & Natural Gas Corporation
Oil 1.06% Metals & Minerals Trading
Limited 0.85%
after 1 Month from the date of allotment - Nil
Non - Ferrous Metals 0.83%
Bajaj Auto Limited Automobiles 1.05%
Month End Total Expenses Ratios Agricultural Food & other Products 0.70%
(Annualized)2 IndusInd Bank Limited Banks 1.04%
Healthcare Services 0.65%
Regular5 0.45% Coal India Limited Consumable Fuels 1.00%
Reverse Repos/TREPS 0.34%
Adani Ports and Special
Direct 0.20% Economic Zone Limited
Transport Infrastructure 1.00% Net Current Assets -0.14%

Portfolio Turnover Nestle India Limited Food Products 0.95%

0.09
(1 year)
Bajaj Finserv Limited Finance 0.90%
Tracking Difference Portfolio Classification By Market Segment Class (%)
Cement & Cement
Grasim Industries Limited 0.86%
Regular -0.91% Products

Direct -0.46% Adani Enterprises Limited Metals & Minerals Trading 0.85% 0.62%
Hindalco Industries Limited Non - Ferrous Metals 0.83%
Tracking Error
Pharmaceuticals &
Regular 0.16% Cipla Limited
Biotechnology
0.80%

Direct 0.16% Tech Mahindra Limited IT - Software 0.80%

0.20%
1
in multiples of Re 1 thereafter. JSW Steel Limited Ferrous Metals 0.80%
2
TER Annualized TER including GST on Investment Dr Reddy''s Laboratories Pharmaceuticals &
0.76%
Management Fees Limited Biotechnology
3
Continuing plans Tata Consumer Products Agricultural Food & other
0.70%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Limited Products 99.18%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Wipro Limited IT - Software 0.69%
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ SBI Life Insurance Company
Insurance 0.69% Large Cap Mid Cap Debt
has introduced two-tiered structure for benchmarking Limited
of certain categories of schemes. Accordingly, the HDFC Life Insurance Company
Insurance 0.68%
benchmark has been classified as Tier 1 benchmark. Limited
Furthermore , the same is effective from 01 December Shriram Finance Limited Finance 0.67%
2021.
Apollo Hospitals Enterprise
Healthcare Services 0.65%
Limited
Hero MotoCorp Limited Automobiles 0.62%
Britannia Industries Limited Food Products 0.59%
Bharat Petroleum Corporation
Petroleum Products 0.58%
Limited
Eicher Motors Limited Automobiles 0.56%

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term capital appreciation
Low to High
Moderate • Investment in equity securities covered by the NIFTY 50

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

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

21
 HSBC Nifty Next 50 Index Fund
Index Fund - An open-ended Equity Scheme tracking Nifty Next 50 Index
Investment Objective: The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in
the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the
performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from
index gain/ loss plus dividend payments by the constituent stocks.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets
EQUITY 99.78% Indian Railway Finance
Date of Allotment 15-Apr-20 Corporation Limited
Finance 0.42%
Trent Limited Retailing 4.79%
Benchmark Nifty Next 50 TRI4 Adani Total Gas Limited Gas 0.41%
Bharat Electronics Limited Aerospace & Defense 3.97% Life Insurance Corporation of
NAV (as on 31.03.24) Tata Power Company Limited Power 3.67% India Limited
Insurance 0.38%

Growth ₹ 26.0057 Hindustan Aeronautics Limited Aerospace & Defense 3.43% Cash Equivalent 0.22%
TREPS* 0.02%
Direct Growth ₹ 26.4737 Indian Oil Corporation Limited Petroleum Products 3.39%
Net Current Assets: 0.20%
DLF Limited Realty 3.17%
AUM (as on 31.03.24) ₹ 100.29 Cr Total Net Assets as on 31-March-2024 100.00%
Power Finance Corporation
AAUM (for the month Finance 3.13% *TREPS : Tri-Party Repo fully collateralized by G-Sec
₹ 97.15 Cr Limited
of Mar)
REC Limited Finance 3.08%
Fund Manager & Experience Industry Allocation
InterGlobe Aviation Limited Transport Services 2.79%
Praveen Ayathan (Equity) TVS Motor Company Limited Automobiles 2.75%
Finance 12.80%
Total Experience 28 Years Bank of Baroda Banks 2.70%
Managing this fund Since Apr 15, 2020 Gail India Limited Gas 2.68%
Retailing 10.00%
Aerospace & Defense 7.40%
Rajeesh Nair (Equity) Siemens Limited Electrical Equipment 2.63%
Banks 6.87%
Total Experience 12 Years Cholamandalam Investment &
Finance 2.62% Personal Products 6.28%
Managing this fund Since Oct 01, 2023 Finance Company Limited
Power 6.05%
Minimum Investment 1 Godrej Consumer Products
Personal Products 2.61% 4.57%
Limited Chemicals & Petrochemicals
Lumpsum ₹ 5,000 Electrical Equipment 4.48%
Chemicals & Petro-
Pidilite Industries Limited 2.53%
SIP## Please refer page 73 chemicals Insurance 4.05%
Cement & Cement Products 3.89%
Additional Purchase ₹ 1,000 Info Edge (India) Limited Retailing 2.39%
Petroleum Products 3.39%
Entry load: “NA” ICICI Lombard General Insur-
Insurance 2.37%
ance Company Limited Realty 3.17%
Exit load: • If the units redeemed or switched out Gas 3.09%
Canara Bank Banks 2.14%
are upto 10% of the units purchased or switched in
(“the limit”) within 1 Month from the date of allotment Havells India Limited Consumer Durables 2.09% Consumer Durables 2.97%
- Nil Chemicals & Petro- Auto Components 2.94%
• If units redeemed or switched out are over and SRF Limited 2.04% 2.90%
chemicals Beverages
above the limit within 1 Month from the date of allot-
Punjab National Bank Limited Banks 2.03% Transport Services 2.79%
ment - 1%
• If units are redeemed or switched out on or after 1 Cement & Cement Automobiles 2.75%
Month from the date of allotment - Nil Ambuja Cements Limited 2.01%
Products Pharmaceuticals & Biotechnology 2.71%
Month End Total Expenses Ratios Vedanta Limited Diversified Metals 2.00% Diversified Metals 2.00%
(Annualized)2 Colgate Palmolive (India) Ferrous Metals 1.71%
Personal Products 1.99%
Regular5 0.80% Limited Leisure Services 1.55%
Cement & Cement Agricultural Food & other Products 1.42%
Direct 0.35% Shree Cement Limited 1.88%
Products Net Current Assets 0.20%
Portfolio Turnover
0.41 Jio Financial Services Limited Finance 1.86% Reverse Repos/TREPS 0.02%
(1 year)
ABB India Limited Electrical Equipment 1.85%
Tracking Difference United Spirits Limited Beverages 1.81%
Regular -1.37% Zomato Limited Retailing 1.72% Portfolio Classification By Market Segment Class (%)
Direct -0.80% Jindal Steel & Power Limited Ferrous Metals 1.71%
Tracking Error Dabur India Limited Personal Products 1.68% 10.27%

Regular 0.08% Indian Railway Catering &

Leisure Services 1.55%
Tourism Corporation Ltd
Direct 0.08%
Samvardhana Motherson
Auto Components 1.53%
International Limited
1
in multiples of Re 1 thereafter.
Agricultural Food & other 0.22%
2
TER Annualized TER including GST on Investment Marico Limited 1.42%
Management Fees Products
3
Continuing plans Bosch Limited Auto Components 1.41%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Pharmaceuticals &
Zydus Lifesciences Limited 1.40%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Biotechnology
dated May 19, 2023, on ‘Guiding Principles for bringing
Torrent Pharmaceuticals Pharmaceuticals &
uniformity in Benchmarks of Mutual Fund Schemes’ 1.31% 89.51%
Limited Biotechnology
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the ICICI Prudential Life Insurance
Insurance 1.30%
benchmark has been classified as Tier 1 benchmark. Company Limited
Large Cap Mid Cap Debt
Furthermore , the same is effective from 01 December SBI Cards & Payment Services
2021. Finance 1.11%
Limited
Avenue Supermarts Limited Retailing 1.10%
Varun Beverages Limited Beverages 1.09%
Adani Green Energy Limited Power 1.08%
Berger Paints India Limited Consumer Durables 0.88%
Adani Power Limited Power 0.80%
Bajaj Holdings & Investments
Finance 0.58%
Limited
Adani Transmission Limited Power 0.50%

Moderate Moderately
This product is suitable for investors who are seeking*:
Low to
High
• Long term capital appreciation
High
Moderate
• Investment in equity securities covered by the NIFTY NEXT 50

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

RISKOMETER

Investors understand that their principal

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be at Very High risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

22
 HSBC ELSS Tax Saver Fund
ELSS Fund - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Investment Objective: To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related
securities. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
For defensive considerations and/or managing liquidity, the Scheme may also invest in money market instruments.

Fund Details % to Net % to Net

Issuer Industry/Rating Issuer Industry/Rating
Assets Assets
Date of Allotment 27-Feb-06 EQUITY 97.98% Pharmaceuticals & Biotech-
Gland Pharma Limited 0.33%
Larsen & Toubro Limited Construction 4.59% nology
Benchmark Nifty 500 TRI6
Reliance Industries Limited Petroleum Products 4.35% DOMS Industries Limited Household Products 0.29%
NAV (as on 31.03.24) HDFC Bank Limited Banks 3.83%
Escorts Kubota Limited
Agricultural Commercial &
0.27%
ICICI Bank Limited Banks 3.44% Construction Vehicles
Growth ₹ 108.5034 CG Power and Industrial Solutions
Electrical Equipment 3.10%
Syngene International Limited Healthcare Services 0.26%
Limited Sun Pharmaceutical Industries Pharmaceuticals & Biotech-
Direct Growth ₹ 117.0419 0.25%
Persistent Systems Limited IT - Software 3.05% Limited nology
KPIT Technologies Limited IT - Software 2.68% Cash Equivalent 2.02%
AUM (as on 31.03.24) ₹ 3673.94 Cr Infosys Limited IT - Software 2.54% TREPS* 2.30%
AAUM (for the month Trent Limited Retailing 2.14% Net Current Assets: -0.28%
₹ 3649.83 Cr Zomato Limited Retailing 2.11% Total Net Assets as on 31-March-2024 100.00%
of Mar)
Bharat Electronics Limited Aerospace & Defense 2.04% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Fund Manager & Experience Cholamandalam Investment &
Finance 1.93%
Finance Company Limited
Abhishek Gupta (Equity) KEI Industries Limited Industrial Products 1.76% Industry Allocation
Total Experience 13 Years Blue Star Limited Consumer Durables 1.73%
Siemens Limited Electrical Equipment 1.68%
Managing this fund Since Mar, 01 2024 Shriram Finance Limited Finance 1.66%
Banks 13.53%
Electrical Equipment 11.17%
Gautam Bhupal (Equity) Tata Motors Limited Automobiles 1.65%
IT - Software 9.46%
NTPC Limited Power 1.61%
Total Experience 18 Years Power Finance Corporation
Finance 6.46%
Finance 1.58% Construction
Managing this fund Since Nov 26, 2022 Limited 5.76%
Bank of India Banks 1.56% Consumer Durables 5.53%
Sonal Gupta (Overseas Investments) Triveni Turbine Limited Electrical Equipment 1.50% Petroleum Products 5.48%
Total Experience 16 Years JSW Energy Limited Power 1.45% Retailing 4.25%
Jindal Saw Limited Industrial Products 1.42% Industrial Products 4.04%
Managing this fund Since Jul 21, 2021
DLF Limited Realty 1.39% Power 3.67%
Minimum Investment1 Godrej Properties Limited Realty 1.37% Realty 3.38%
Max Healthcare Institute Limited Healthcare Services 1.37%
Lumpsum ₹ 500 Aerospace & Defense 3.31%
Titan Company Limited Consumer Durables 1.30%
Automobiles 3.31%
The Indian Hotels Company
SIP## Please refer page 73 Leisure Services 1.30% Auto Components 3.01%
Limited
Additional Purchase ₹ 500 Hindustan Aeronautics Limited Aerospace & Defense 1.27% Leisure Services 2.66%
ABB India Limited Electrical Equipment 1.21% Pharmaceuticals & Biotechnology 2.41%
Entry load: “NA” Engineers India Limited Construction 1.17% Reverse Repos/TREPS 2.30%
State Bank of India Banks 1.15% Capital Markets 2.01%
Exit load: Nil
Hindustan Petroleum Corporation Ferrous Metals 1.70%
Petroleum Products 1.13%
Quantitative Data2 Limited Healthcare Services 1.63%
Cello World Limited Consumer Durables 1.08%
Standard Deviation 12.82% Telecom - Services 1.05%
360 One Wam Limited Capital Markets 1.07%
Oil 0.83%
Karur Vysya Bank Limited Banks 1.07%
Beta (Slope) 0.85 Food Products 0.80%
Bharti Airtel Limited Telecom - Services 1.05%
Sharpe Ratio 3 0.70 Mankind Pharma Limited Pharmaceuticals & Biotechnology 1.01% Beverages 0.75%
Thermax Limited Electrical Equipment 1.01% Cement & Cement Products 0.74%
R2 0.85% Jindal Steel & Power Limited Ferrous Metals 1.01% Agricultural Food & other Products 0.48%
Nippon Life Asset Management Household Products 0.29%
Month End Total Expenses Ratios Capital Markets 0.94%
Agricultural Commercial &
Limited
(Annualized)4 Bharat Heavy Electricals Limited Electrical Equipment 0.93% Construction Vehicles 0.27%
Net Current Assets -0.28%
Regular5 1.93% Varroc Engineering Limited Auto Components 0.92%
Axis Bank Limited Banks 0.91%
Direct 1.12% Mahindra Holidays and Resorts
Leisure Services 0.88%
India Limited
Portfolio Turnover Portfolio Classification By Market Segment Class (%)
0.66 Safari Industries India Limited Consumer Durables 0.88%
(1 year) The Karnataka Bank Limited Banks 0.85% 2.02%
Oil & Natural Gas Corporation 19.60%
1
in multiples of Re 1 thereafter. Limited
Oil 0.83%
2
Quantitative Data disclosed are as per monthly Lupin Limited Pharmaceuticals & Biotechnology 0.82%
returns Schaeffler India Limited Auto Components 0.81%
(Annualized) for the last 3 years. Bikaji Foods International Limited Food Products 0.80%
Sula Vineyards Limited Beverages 0.75%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar
UltraTech Cement Limited Cement & Cement Products 0.74%
31, 2024) Transformers And Rectifiers
Electrical Equipment 0.72% 27.90%
4
TER Annualized TER including GST on Investment (India) Limited
50.48%
Management Fees Indian Bank Banks 0.72%
5
Continuing plans Jindal Stainless Limited Ferrous Metals 0.69%
Sobha Limited Realty 0.62%
6
As per clause 1.9 of the SEBI Master Circular for Mutual NHPC Limited Power 0.61%
Large Cap Mid Cap Small Cap
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Bajaj Auto Limited Automobiles 0.61% Debt
dated May 19, 2023, on ‘Guiding Principles for bringing Tech Mahindra Limited IT - Software 0.61%
uniformity in Benchmarks of Mutual Fund Schemes’ has Zensar Technolgies Limited IT - Software 0.58%
introduced two-tiered structure for benchmarking of certain TVS Motor Company Limited Automobiles 0.55%
categories of schemes. Accordingly, the benchmark has Avalon Technologies Limited Electrical Equipment 0.55%
been classified as Tier 1 benchmark. Furthermore , the Amber Enterprises India Limited Consumer Durables 0.54%
same is effective from 01 December 2021. Polycab India Limited Industrial Products 0.51%
Mahindra & Mahindra Limited Automobiles 0.50%
Lemon Tree Hotels Limited Leisure Services 0.48%
Agricultural Food & other
Balrampur Chini Mills Limited 0.48%
Products
Exide Industries Limited Auto Components 0.47%
Craftsman Automation Limited Auto Components 0.47%
Suzlon Energy Limited Electrical Equipment 0.47%
IIFL Finance Limited Finance 0.46%
Jio Financial Services Limited Finance 0.43%
Can Fin Homes Limited Finance 0.40%
RHI Magnesita India Limited Industrial Products 0.35%
UNO Minda Limited Auto Components 0.34%

Moderate Moderately
This product is suitable for investors who are seeking*:
Low to
High
High
• Long term capital growth
Moderate
• Investment predominantly in equity and equity-related securities

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

RISKOMETER

Investors understand that their principal

will be at Very High risk Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

23
 HSBC Tax Saver Equity Fund
ELSS Fund: An 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.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets
EQUITY 99.02% Sterling and Wilson
Date of Allotment 05-Jan-07 Construction 0.45%
ICICI Bank Limited Banks 7.22% Renewable Energy Limited
Benchmark Nifty 500 TRI6 Infosys Limited IT - Software 5.58% Gujarat Fluorochemicals Chemicals & Petro-
0.43%
NAV (as on 31.03.24) Larsen & Toubro Limited Construction 5.21% Limited chemicals
Reliance Industries Limited Petroleum Products 5.07% Cash Equivalent 0.98%
Growth ₹ 75.6985 Axis Bank Limited Banks 5.04% TREPS* 2.31%
Direct Growth ₹ 84.0561 HDFC Bank Limited Banks 3.86% Net Current Assets: -1.33%
KEI Industries Limited Industrial Products 3.77% Total Net Assets as on 31-March-2024 100.00%
AUM (as on 31.03.24) ₹ 220.35 Cr
DLF Limited Realty 3.22% *TREPS : Tri-Party Repo fully collateralized by G-Sec
AAUM (for the month Dixon Technologies (India)
₹ 219.96 Cr Consumer Durables 3.05%
of Mar) Limited
Fund Manager & Experience Phoenix Mills Limited Realty 3.02%
State Bank of India Banks 2.93% Industry Allocation
Gautam Bhupal
TVS Motor Company
Total Experience 18 Years Automobiles 2.91% Banks 19.05%
Limited Consumer Durables 10.48%
Managing this fund Since July 23, 2019 Multi Commodity Ex-
Capital Markets 2.81% Construction 8.17%
Cheenu Gupta change of India Limited IT - Software 7.86%
Total Experience 17 Years Titan Company Limited Consumer Durables 2.64% Pharmaceuticals & Biotechnology 6.36%
Amber Enterprises India Realty 6.24%
Managing this fund Since Nov 26, 2022 Consumer Durables 2.49% Industrial Products
Limited 5.88%
Minimum Investment1 Sun Pharmaceutical Pharmaceuticals & Capital Markets 5.82%
2.49% Petroleum Products 5.07%
Lumpsum ₹ 500 Industries Limited Biotechnology
Automobiles 3.74%
SIP## Please refer page 73 Bharti Airtel Limited Telecom - Services 2.35% Telecom - Services 2.35%
Rainbow Children''s Reverse Repos/TREPS 2.31%
Additional Purchase ₹ 500 Healthcare Services 2.24%
Medicare Limited Healthcare Services 2.24%
Entry load: “NA” Financial Technology Financial Technology (Fintech) 2.11%
PB Fintech Limited 2.11% Chemicals & Petrochemicals 1.59%
Exit load: Nil (Fintech)
JB Chemicals and Phar- Pharmaceuticals & Entertainment 1.35%
Quantitative Data2 2.10% Transport Services 1.31%
maceuticals Limited Biotechnology
Auto Components 1.15%
Standard Deviation 13.38% Rategain Travel Technolo- Personal Products
IT - Software 1.81% 1.14%
gies Limited
Beta (Slope) 0.93 Retailing 1.07%
Prudent Corporate Adviso- Beverages 1.03%
Sharpe Ratio3 0.75 Capital Markets 1.78%
ry Services Limited Finance 1.02%
R2 0.92% Pharmaceuticals & Healthcare Equipment & Supplies 1.00%
Lupin Limited 1.77% Diversified FMCG 0.90%
Biotechnology
Month End Total Expenses Ratios Textiles & Apparels 0.83%
(Annualized)4 PNC Infratech Limited Construction 1.49%
Agricultural Food & other Products 0.80%
Kalyan Jewellers India
Regular 5
2.47% Consumer Durables 1.36% Aerospace & Defense 0.46%
Limited Net Current Assets - 1.33%
Direct 1.60% PVR INOX Limited Entertainment 1.35%
Portfolio Turnover Container Corporation of
0.19 Transport Services 1.31%
(1 year) India Limited
360 One Wam Limited Capital Markets 1.23% Portfolio Classification By Market Segment Class (%)
1
in multiples of Re 1 thereafter. APL Apollo Tubes Limited Industrial Products 1.22%
2
Quantitative Data disclosed are as per Chemicals & Petro- 0.98%
SRF Limited 1.16%
monthly returns chemicals 19.66%
(Annualized) for the last 3 years. Motherson Sumi Wiring
Auto Components 1.15%
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as India Limited
on Mar 31, 2024) Godrej Consumer Prod-
Personal Products 1.14%
ucts Limited
4
TER Annualized TER including GST on
Avenue Supermarts
Investment Management Fees Retailing 1.07%
Limited
5
Continuing plans Radico Khaitan Limited Beverages 1.03%
As a result of the acquisition, HSBC AMC will have two REC Limited Finance 1.02%
equity linked savings scheme (“elss”) in the form of 24.26%
KEC International Limited Construction 1.02% 55.10%
HSBC Tax Saver Equity Fund (an open ended elss with Healthcare Equipment
a statutory lock in period of 3 years and tax benefit), Poly Medicure Limited 1.00%
and L&T Tax Advantage Fund (to be renamed as HSBC
& Supplies
Large Cap Small Cap Mid Cap
ELSS Fund). As per elss guidelines, a mutual fund can Kajaria Ceramics Limited Consumer Durables 0.94%
have only one open-ended elss scheme. In view of the Hindustan Unilever Limited Diversified FMCG 0.90% Debt
said restriction, we propose to stop the subscription into Kirloskar Pneumatic Co
HSBC Tax Saver Equity Fund from close of business Industrial Products 0.89%
Limited
hours on November 25, 2022. Hence, no sip, stp-in, Bajaj Auto Limited Automobiles 0.83%
or switch into the fund will be permitted from close of
business hours on November 25, 2022. For the sake of Gokaldas Exports Limited Textiles & Apparels 0.83%
clarity, we wish to inform you that the unitholders will be CCL Products (India) Agricultural Food &
0.80%
allowed to hold their existing investments in this fund, Limited other Products
except that no further investments / subscription would KPIT Technologies Limited IT - Software 0.47%
be accepted in this fund. However, unitholders will be Bharat Electronics Limited Aerospace & Defense 0.46%
permitted to redeem / switch out their units post the
mandatory lock-in period. 6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding
Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been changed to NIFTY 500 TRI Index which has been classified as Tier 1 benchmark. Furthermore ,
the same is effective from 01 December 2021.

This product is suitable for investors who are seeking*:

Moderate Moderately

Low to
High
• To create wealth over long term
High
Moderate
• Investment in equity and equity related securities with no capitalisation bias

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

RISKOMETER

Investors understand that their principal Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be at Very High risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

24
 HSBC Aggressive Hybrid Fund
Aggressive Hybrid fund – An open ended hybrid scheme investing predominantly in equity and equity related instruments.
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.

% to % to
Fund Details Issuer Industry/ Rating Issuer Industry/ Rating
Net Assets Net Assets
EQUITY 73.52% 7.38% GOI 20JUN2027 SOVEREIGN 4.00%
Date of Allotment 07-Feb-11 Larsen & Toubro Limited Construction 5.13% 7.18% GOI 14AUG2033 GSEC SOVEREIGN 3.46%
ICICI Bank Limited Banks 3.39% 7.26% GOI 06FEB33 SOVEREIGN 1.24%
7.27% GOI 08APR26 SOVEREIGN 0.91%
Benchmark: NIFTY 50 Hybrid Composite Bharat Electronics Limited
Zensar Technolgies Limited
Aerospace & Defense
IT - Software
2.36%
2.25% 7.26% GOI 22AUG2032 SOVEREIGN 0.79%
Debt 65:35 Index6 HDFC Bank Limited Banks 2.01% 7.30% GOI 19JUN53 SOVEREIGN 0.51%
CG Power and Industrial Solutions 7.18% GOI 24-Jul-2037 SOVEREIGN 0.50%
Electrical Equipment 2.00% 7.64% MAHARASHTRA 25JAN33 SDL SOVEREIGN 0.50%
NAV (as on 31.03.24) Limited
5.79% GOI 11MAY30 G-SEC SOVEREIGN 0.47%
Bharat Heavy Electricals Limited Electrical Equipment 1.86%
Karur Vysya Bank Limited Banks 1.70% 7.37% GOI 23OCT2028 SOVEREIGN 0.30%
Growth ₹ 47.0635 NTPC Limited Power 1.68% 7.26% GS 2029 SOVEREIGN 0.20%
KPIT Technologies Limited IT - Software 1.65% 7.17% GOI 08JAN28 SOVEREIGN 0.14%
Direct Growth ₹ 52.7567 Siemens Limited Electrical Equipment 1.62% 7.76% MAHARASHTRA 04Oct2030 SDL SOVEREIGN 0.10%
Bank of India Banks 1.59% Cash Equivalent 0.12%
AUM (as on 31.03.24) ₹ 5147.02 Cr Reliance Industries Limited Petroleum Products 1.55% TREPS* 1.59%
Persistent Systems Limited IT - Software 1.41% Net Current Assets: -1.47%
AAUM (for the month Tata Motors Limited Automobiles 1.37% Total Net Assets as on 31-March-2024 100.00%
₹ 5111.32 Cr Varun Beverages Limited Beverages 1.25% *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Mar) DLF Limited Realty 1.24%
Trent Limited Retailing 1.22%
Fund Manager & Experience Data Patterns India Limited
Safari Industries India Limited
Aerospace & Defense
Consumer Durables
1.20%
1.20% Industry Allocation
Cheenu Gupta (Equity) Cholamandalam Investment & Finance
Finance 1.15%
Company Limited
Total Experience 17 Years Bajaj Auto Limited Automobiles 1.12% Government Securities 13.12%
Managing this fund Since July 02, 2021 Bharti Airtel Limited
Infosys Limited
Telecom - Services
IT - Software
1.06%
1.05%
Banks 10.90%
Electrical Equipment 9.17%
Shriram Ramanathan (Fixed Income) Sundaram Finance Limited Finance 1.02%
Indian Bank Banks 1.01% IT - Software 8.22%
Power Finance Corporation Limited Finance 1.00%
Total Experience 22 Years KEI Industries Limited Industrial Products 0.97%
Construction 5.67%
Managing this fund Since May 30, 2016 Pharmaceuticals & Finance 4.82%
Lupin Limited 0.94%
Biotechnology Aerospace & Defense 3.56%
Gautam Bhupal (Equity) Rategain Travel Technologies Limited IT - Software 0.92% Power 2.98%
Titagarh Rail Systems Limited Industrial Manufacturing 0.91%
Total Experience 18 Years Hindustan Petroleum Corporation Limited Petroleum Products 0.91% Automobiles 2.49%
Pharmaceuticals & Petroleum Products
Managing this fund Since Oct 01, 2023 Dr Reddy''s Laboratories Limited
Biotechnology
0.91% 2.46%
Triveni Turbine Limited Electrical Equipment 0.89% Retailing 2.45%
Sonal Gupta (Overseas Investments) Zomato Limited Retailing 0.88% Auto Components 2.40%
Godrej Properties Limited Realty 0.86%
Total Experience 16 Years Schaeffler India Limited Auto Components 0.85%
Capital Markets 2.39%
Managing this fund Since Jul 05, 2021 ABB India Limited Electrical Equipment 0.85% Industrial Products 2.38%
Oil & Natural Gas Corporation Limited Oil 0.84% Pharmaceuticals & Biotechnology 2.21%
Minimum Investment1 360 One Wam Limited
JSW Energy Limited
Capital Markets
Power
0.84%
0.82% Realty 2.10%
TD Power Systems Limited Electrical Equipment 0.82% Reverse Repos/TREPS 1.59%
Lumpsum ₹ 5,000 Sonata Software Limited IT - Software 0.81%
Timken India Limited Industrial Products 0.72% Industrial Manufacturing 1.55%
SIP## Please refer page 73 Shriram Finance Limited Finance 0.69% Beverages 1.51%
Polycab India Limited Industrial Products 0.69%
Consumer Durables 1.47%
Additional Purchase ₹ 1,000 Prudent Corporate Advisory Services
Capital Markets 0.68%
Limited Telecom - Services 1.06%
Entry load: “NA” The Karnataka Bank Limited Banks 0.67% Leisure Services 0.92%
The Indian Hotels Company Limited Leisure Services 0.67%
Oil 0.84%
Exit load: Any redemption / switch-out of units with- Exide Industries Limited Auto Components 0.66%
in 1 year from the date of allotment shall be subject to Syrma SGS Technology Ltd. Industrial Manufacturing 0.64% Healthcare Services 0.62%
GE TandD India Limited Electrical Equipment 0.62% Non - Ferrous Metals 0.48%
exit load as under: Max Healthcare Institute Limited Healthcare Services 0.62%
BSE Limited Capital Markets 0.60% Transport Services 0.45%
a. For 10% of the units redeemed / switched-out: Nil ZF Commercial Vehicle Control Systems
Auto Components 0.59% Food Products 0.25%
b. For remaining units redeemed or switched-out: India Ltd
RITES Limited Construction 0.54% Cement & Cement Products 0.17%
1.00% Union Bank of India Banks 0.52% Net Current Assets - 1.47%
No Exit Load will be charged, if Units are redeemed Transformers And Rectifiers (India) Debt Instrument
Electrical Equipment 0.51% 13.24%
Limited
/ switchedout after 1 year from the date of allotment. REC Limited Finance 0.50%
Hindalco Industries Limited Non - Ferrous Metals 0.48%
Quantitative Data 2
NHPC Limited Power 0.48%
VRL Logistics Limited Transport Services 0.45%
Standard Deviation 10.09% IIFL Finance Limited Finance 0.38% Portfolio Classification By Market Segment Class (%)
Beta (Slope) 1.00 Electronics Mart India Limited Retailing 0.35%
Pharmaceuticals &
Sharpe Ratio3 0.53 Gland Pharma Limited
Biotechnology
0.33% 18.17%
R2 0.79% Varroc Engineering Limited Auto Components 0.30%
Multi Commodity Exchange of India 34.89%
Month End Total Expenses Ratios Limited
Capital Markets 0.27%

(Annualized)4 Radico Khaitan Limited

Bikaji Foods International Limited
Beverages
Food Products
0.26%
0.25%
Lemon Tree Hotels Limited Leisure Services 0.25%
Regular5 1.89% Cement & Cement
UltraTech Cement Limited 0.17%
Direct 0.85% Products
Mayur Uniquoters Limited Consumer Durables 0.16%
Dixon Technologies (India) Limited Consumer Durables 0.11%
Portfolio Turnover
0.87 Can Fin Homes Limited Finance 0.08%
(1 year) LTIMindtree Limited IT - Software 0.07% 20.46%
Tech Mahindra Limited IT - Software 0.06%
1
in multiples of Re 1 thereafter. Pharmaceuticals & 26.48%
Sun Pharmaceutical Industries Limited 0.03%
Biotechnology
2
Quantitative Data disclosed are as per monthly returns IDFC First Bank Limited Banks 0.01%
(Annualized) for the last 3 years. Corporate Bonds / Debentures 10.84% Large Cap Debt Mid Cap Small Cap
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, Power Finance Corporation Limited CRISIL AAA 1.50%
Small Industries Development Bank
2024) CARE AAA / CRISIL AAA 2.47%
TER Annualized TER including GST on Investment
4
of India
National Bank for Agriculture & Rural
Rating Profile
CRISIL AAA / ICRA AAA 2.43%
Management Fees Development
Jamnagar Utilities and Power Pvt Limited
5
Continuing plans CRISIL AAA 0.97% AAA / A1+ and Equivalents 13.24%
(Mukesh Ambani Group)
6
As per clause 1.9 of the SEBI Master Circular for Mutual Export Import Bank of India CRISIL AAA 0.97%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated Rec Limited CRISIL AAA 1.47%
SOVEREIGN 13.12%
May 19, 2023, on ‘Guiding Principles for bringing uniformity Bajaj Finance Limited CRISIL AAA 0.52%
in Benchmarks of Mutual Fund Schemes’ has introduced HDB Financial Services Limited CRISIL AAA 0.51%
Money Market Instruments Reverse Repos/TREPS 1.59%
two-tiered structure for benchmarking of certain categories Certificate of Deposit 1.45%
of schemes. Accordingly, the benchmark has been changed Bank of Baroda IND A1+ 0.91%
to CRISIL Hybrid 35+65 Aggressive Index which has been Punjab National Bank Limited IND A1+ 0.54% Net Current Assets - 1.47%
classified as Tier 1 benchmark. Furthermore , the same is Commercial Paper 0.95%
effective from 01 December 2021. Panatone Finvest Limited CRISIL A1+ 0.95%
Government Securities 13.12%

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term wealth creation and income
Low to
Moderate
High
• Invests in equity and equity related securities and fixed Income instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

25
 HSBC Multi Asset Allocation Fund
Multi Asset Allocation - An open ended scheme investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold /
Silver ETFs
Investment Objective: The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related
instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment
objective of the scheme would be achieved.

Fund Details Issuer Industries % to Net Assets Issuer Industries % to Net Assets

EQUITY 61.54% NIPPON INDIA MF NIPPON INDIA

Date of Allotment 28-Feb-24 Zomato Limited Retailing 3.47% SILVER ETF
ETF 0.91%

Benchmark: S&P BSE 200 TRI (65%) + Larsen & Toubro Limited Construction 2.65% HDFC MUTUAL GOLD EXCHANGE
ETF 0.49%
NIFTY Short Duration Debt Index (20%) +Do- Sobha Limited Realty 2.44% TRADED FUND
Zensar Technolgies Limited IT - Software 1.92% ICICIPRUD MF-ICICI PRUDENTIAL
mestic Price of Gold (10%)+Domestic Price of SILVER ETF
ETF 0.44%
The Karnataka Bank Limited Banks 1.88%
Silver (5%)4 ICICI Bank Limited Banks 1.85% Government Securities 5.43%
NTPC Limited Power 1.81% 7.37% GOI 23OCT2028 SOVEREIGN 1.84%
NAV (as on 31.03.24)
Sonata Software Limited IT - Software 1.78% 7.18% GOI 24-Jul-2037 SOVEREIGN 1.80%
Growth ₹ 10.1449 Kalpataru Projects International Limited Construction 1.70% 7.18% GOI 14AUG2033 GSEC SOVEREIGN 1.79%
Suzlon Energy Limited Electrical Equipment 1.60% Cash Equivalent 15.20%
Direct Growth ₹ 10.1578 KPIT Technologies Limited IT - Software 1.59% TREPS* 15.81%
Global Health Limited Healthcare Services 1.56% Net Current Assets: -0.61%
AUM (as on 31.03.24) ₹ 1419.77 Cr
Blue Star Limited Consumer Durables 1.55% Total Net Assets as on 31-March-2024 100.00%
AAUM (for the month Tata Motors Limited Automobiles 1.51%
₹ 1370.58 Cr *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Mar) Trent Limited Retailing 1.33%
BSE Limited Capital Markets 1.19%
Fund Manager & Experience
Bharat Heavy Electricals Limited Electrical Equipment 1.19%
Cheenu Gupta (Equity) Power Finance Corporation Limited Finance 1.15%
Godrej Properties Limited Realty 1.13%
Total Experience 17 Years Transformers And Rectifiers (India)
Managing this fund Since Feb 28, 2024 Electrical Equipment 1.13%
Limited
Mahesh Chhabria (Fixed Income) KEI Industries Limited Industrial Products 1.10% Industry Allocation
Bajaj Auto Limited Automobiles 1.08%
Total Experience 12 Years GE TandD India Limited Electrical Equipment 1.06% Reverse Repos/TREPS 15.81%
Managing this fund Since Feb 28, 2024 CG Power and Industrial Solutions
Electrical Equipment 1.03% Exchange Traded Funds 10.64%
Limited
Dipan Parikh (Gold / Silver ETFs) Hindustan Aeronautics Limited Aerospace & Defense 1.00% Construction 7.24%
Total Experience 26 Years EIH Limited Leisure Services 1.00% Electrical Equipment 7.10%
Managing this fund Since Feb 28, 2024 Indian Bank Banks 0.99% Banks 6.65%
Bharat Electronics Limited Aerospace & Defense 0.97% IT - Software 6.05%
Sonal Gupta (Overseas Investments) DLF Limited Realty 0.95%
Government Securities 5.43%
Total Experience 16 Years LandT Technology Services Limited IT - Services 0.90%
Hindustan Petroleum Corporation Limited Petroleum Products 0.87% Retailing 4.80%
Managing this fund Since Feb 28, 2024 Realty 4.52%
Agricultural Commer-
Minimum Investment1 BEML Limited cial & Construction 0.83% Aerospace & Defense 2.74%
Vehicles Automobiles 2.59%
Lumpsum ₹ 5,000 Bank of India Banks 0.81%
Power 2.41%
SIP ##
Please refer page 73 Thermax Limited Electrical Equipment 0.78%
Data Patterns India Limited Aerospace & Defense 0.77% Consumer Durables 2.29%
Additional Purchase ₹ 1,000 Persistent Systems Limited IT - Software 0.76% Leisure Services 2.23%
Entry load: “NA” Jindal Stainless Limited Ferrous Metals 0.71% Capital Markets 2.18%
Oil & Natural Gas Corporation Limited Oil 0.70% Industrial Products 1.59%
Exit load: If units redeemed or switched Union Bank of India Banks 0.70%
Healthcare Services 1.56%
out are upto 10% of the units purchased or Ahluwalia Contracts (India) Limited Construction 0.69%
switched in within 1 year from the date of Pharmaceuticals & Pharmaceuticals & Biotechnology 1.27%
Mankind Pharma Limited 0.67% Finance
allotment – Nil Biotechnology 1.15%
If units redeemed or switched out are over and The Indian Hotels Company Limited Leisure Services 0.65% IT - Services 0.90%
above the limit within 1 year from the date of NCC Limited Construction 0.61% Petroleum Products 0.87%
JSW Energy Limited Power 0.60% Agricultural Commercial &
allotment – 1% Construction Vehicles 0.83%
Engineers India Limited Construction 0.60%
If units are redeemed or switched out on or Lemon Tree Hotels Limited Leisure Services 0.58% Ferrous Metals 0.71%
after 1 year from the date of allotment – Nil Nippon Life Asset Management Limited Capital Markets 0.50% Oil 0.70%
Month End Total Expenses Ratios Multi Commodity Exchange of India
Capital Markets 0.49%
Telecom - Services 0.47%
(Annualized)2 Limited Beverages 0.42%
Bharti Airtel Limited Telecom - Services 0.47% Cement & Cement Products 0.27%
Regular5 2.02% State Bank of India Banks 0.42%
Net Current Assets - 0.61%
Direct 0.62% Varun Beverages Limited Beverages 0.42%
Dixon Technologies (India) Limited Consumer Durables 0.42% Debt 7.19%
Portfolio Turnover RITES Limited Construction 0.42%
0.00
(1 year) Ethos Limited Consumer Durables 0.32%
Triveni Turbine Limited Electrical Equipment 0.31%
Pharmaceuticals & Portfolio Classification By Market Segment Class (%)
Lupin Limited 0.30%
1
in multiples of Re 1 thereafter. Biotechnology
Pharmaceuticals &
TER Annualized TER including GST on Investment
2
Dr Reddy''s Laboratories Limited 0.30%
Management Fees Biotechnology
KNR Constructions Limited Construction 0.29% 16.44%
3
Continuing plans PNC Infratech Limited Construction 0.28%
Cement & Cement 38.46%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Dalmia Bharat Limited 0.27%
Products
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated
May 19, 2023, on ‘Guiding Principles for bringing uniformity
Jindal Saw Limited Industrial Products 0.25%
in Benchmarks of Mutual Fund Schemes’ has introduced Cummins India Limited Industrial Products 0.24%
two-tiered structure for benchmarking of certain categories Corporate Bonds / Debentures 7.19%
of schemes. Accordingly, the benchmark has been classified Small Industries Development Bank
CRISIL AAA 1.82%
as Tier 1 benchmark. Furthermore , the same is effective of India 21.45%
from 01 December 2021. Bajaj Finance Limited CRISIL AAA 1.80%
Power Finance Corporation Limited CRISIL AAA 1.80%
National Bank for Agriculture & Rural 23.65%
ICRA AAA 1.77%
Development
Exchange Traded Funds 10.64% Debt Small Cap Large Cap
ICICI PRUDENTIAL GOLD ETF ETF 3.83%
NIPPON INDIA ETF GOLD BEES ETF 2.84% Mid Cap
STATE BANK OF INDIA GOLD ETF ETF 2.13%

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Long term wealth creation
Low to High
Moderate • Investment in equity and equity related securities, fixed income instruments and Gold / Silver ETFs
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low
Very High

RISKOMETER

Investors understand that their principal Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Very High risk

26
 HSBC Balanced Advantage Fund
Balanced Advantage Fund - An open ended dynamic asset allocation fund
Investment Objective: To seek long term capital growth and income through investments in equity and equity related securities and
fixed income instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or
guarantee any returns.

% to Net % to Net % to Net % to Net

Fund Details Issuer Industries
% to Net
Assets Assets Issuer Industries
% to Net
Assets Assets
Assets Assets
(Hedged) (Unhedged) (Hedged) (Unhedged)
Date of Allotment 07-Feb-11
EQUITY 66.40% 17.19% 49.21% Money Market Instruments
Nifty 50 Hybrid ICICI Bank Limited Banks 4.46% 0.55% 3.91% Certificate of Deposit 1.02%
Benchmark composite debt HDFC Bank Limited Banks 4.41% 0.26% 4.15%
Axis Bank Limited CRISIL A1+ 1.02%
50:50 Index4 Reliance Industries Limited
Petroleum
4.25% 0.00% 4.25% Commercial Paper 1.75%
Products
Panatone Finvest Limited CRISIL A1+ 1.75%
NAV (as on 31.03.24) Larsen & Toubro Limited Construction 3.31% 0.21% 3.10%
Pharmaceuticals Government Securities 11.78%
Aurobindo Pharma Limited 2.62% 2.62% 0.00% 7.37% GOI 23OCT2028 SOVEREIGN 3.74%
Growth ₹ 38.5607 & Biotechnology
Zee Entertainment Enterprises 7.06% GOI 10APR28 SOVEREIGN 3.55%
Direct Growth ₹ 43.9130 Limited
Entertainment 2.54% 2.54% 0.00% 7.18% GOI 14AUG2033 GSEC SOVEREIGN 2.26%
Cement & Cement 7.32% GOI BOND 13NOV2030 SOVEREIGN 1.49%
AUM (as on 31.03.24) ₹ 1397.34 Cr Ambuja Cements Limited 2.21% 2.21% 0.00% 7.38% GOI 20JUN2027 SOVEREIGN 0.74%
Products
AAUM (for the month United Spirits Limited Beverages 2.15% 2.15% 0.00% Cash Equivalent 2.46%
₹ 1387.44 Cr Varun Beverages Limited Beverages 2.00% 0.00% 2.00% TREPS* 2.91%
of Mar) Net Current Assets: -0.45%
CRISIL Limited Finance 1.81% 0.00% 1.81%
Fund Manager & Experience NTPC Limited Power 1.68% 0.00% 1.68% Total Net Assets as on
100.00%
Sun Pharmaceutical Industries Pharmaceuticals 31-March-2024
Neelotpal Sahai (Equity) Limited & Biotechnology
1.45% 0.00% 1.45%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 29 Years Oil & Natural Gas Corporation
Oil 1.44% 0.00% 1.44%
Limited
Managing this fund Since Nov 26, 2022 Multi Commodity Exchange of
Mahesh Chhabria (Fixed Income) India Limited
Capital Markets 1.44% 0.00% 1.44% Industry Allocation
Manappuram Finance Limited Finance 1.38% 1.38% 0.00%
Total Experience 12 Years Dixon Technologies (India) Consumer Government Securities 11.78%
1.36% 1.36% 0.00%
Managing this fund Since Jul 15, 2023 Limited Durables Banks 10.70%
DLF Limited Realty 1.35% 1.35% 0.00% Pharmaceuticals & Biotechnology 7.15%
Gautam Bhupal (Equity) ITC Limited Diversified FMCG 1.23% 0.00% 1.23%
IT - Software 4.89%
Total Experience 18 Years Kalyan Jewellers India Limited
Consumer
1.22% 0.00% 1.22% Petroleum Products 4.25%
Durables
Managing this fund Since Oct 01, 2023 Infosys Limited IT - Software 1.07% 0.00% 1.07% Construction 4.21%
4.15%
Praveen Ayathan (Arbitrage) Phoenix Mills Limited Realty 1.00% 0.00% 1.00% Beverages
Pharmaceuticals Finance 3.19%
Total Experience 28 Years Lupin Limited 0.98% 0.00% 0.98%
& Biotechnology Capital Markets 3.08%
Managing this fund Since Oct 01, 2023 360 One Wam Limited Capital Markets 0.97% 0.00% 0.97% Reverse Repos/TREPS 2.91%
APL Apollo Tubes Limited Industrial Products 0.96% 0.00% 0.96%
Hitesh Gondhia (Arbitrage) Fertilizers &
Realty 2.88%
Paradeep Phosphates Limited 0.95% 0.00% 0.95% Consumer Durables 2.58%
Total Experience 17 Years Agrochemicals
Axis Bank Limited Banks 0.94% 0.00% 0.94% Power 2.57%
Managing this fund Since Oct 01, 2023 Birlasoft Limited IT - Software 0.93% 0.00% 0.93% Entertainment 2.54%
Sonal Gupta (Overseas Investments) Power Mech Projects Limited Construction 0.90% 0.00% 0.90% Cement & Cement Products 2.21%
Kotak Mahindra Bank Limited Banks 0.89% 0.89% 0.00% Industrial Products 2.15%
Total Experience 16 Years Tata Power Company Limited Power 0.89% 0.89% 0.00% Oil 1.44%
Managing this fund Since Nov 26, 2022 Sonata Software Limited IT - Software 0.88% 0.00% 0.88%
Retailing 1.39%
Financial
Minimum Investment1 PB Fintech Limited Technology 0.80% 0.00% 0.80% Diversified FMCG 1.23%
(Fintech) Auto Components 1.09%
Lumpsum ₹ 5,000 0.95%
Coforge Limited IT - Software 0.79% 0.00% 0.79% Fertilizers & Agrochemicals
SIP ##
Please refer page 73 Pharmaceuticals Financial Technology (Fintech) 0.80%
Abbott India Limited 0.78% 0.00% 0.78%
& Biotechnology Transport Infrastructure 0.78%
Additional Purchase ₹ 1,000 Adani Ports and Special Transport
0.78% 0.78% 0.00% Paper Forest & Jute Products 0.58%
Entry load: “NA” Economic Zone Limited Infrastructure
Leisure Services 0.56%
Zomato Limited Retailing 0.78% 0.00% 0.78%
Exit load: If the units redeemed or switched out are Zensar Technolgies Limited IT - Software 0.76% 0.00% 0.76% Electrical Equipment 0.53%
Agricultural Commercial & 0.50%
upto 10% of the units purchased or switched in (“the Pharmaceuticals Construction Vehicles
Zydus Lifesciences Limited 0.71% 0.00% 0.71% -0.45%
limit”) within 1 year from the date of allotment - Nil & Biotechnology Net Current Assets
If units redeemed or switched out are over and above Prudent Corporate Advisory Debt Instrument 19.36%
Capital Markets 0.67% 0.00% 0.67%
Services Limited
the limit within 1 year from the date of allotment - 1%
Kirloskar Oil Eng Limited Industrial Products 0.62% 0.00% 0.62%
If units are redeemed or switched out on or after 1 year Aditya Vision Limited Retailing 0.61% 0.00% 0.61%
from the date of allotment. - Nil Pharmaceuticals
Suven Pharmaceuticals Limited
& Biotechnology
0.61% 0.00% 0.61% Portfolio Classification By Market
Month End Total Expenses Ratios Century Textiles & Industries Paper Forest & Segment Class (%)
(Annualized)2 Limited Jute Products
0.58% 0.00% 0.58%

Regular5 2.12% Lemon Tree Hotels Limited Leisure Services 0.56% 0.00% 0.56% 13.49%
Tube Investments of India
Direct 0.78% Auto Components 0.55% 0.00% 0.55%
Limited
Portfolio Turnover Exide Industries Limited Auto Components 0.54% 0.00% 0.54%
0.70
(1 year) TD Power Systems Limited
Electrical
0.53% 0.00% 0.53%
Equipment 17.16%
1
in multiples of Re 1 thereafter.
Mahindra Lifespace Developers
2
TER Annualized TER including GST on Investment Management Realty 0.53% 0.00% 0.53%
Limited 35.75%
Fees
Agricultural
3
Continuing plans
Commercial &
4
As per clause 1.9 of the SEBI Master Circular for Mutual Funds Escorts Kubota Limited 0.50% 0.00% 0.50% 33.60%
Construction
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, Vehicles
2023, on ‘Guiding Principles for bringing uniformity in Benchmarks
Wipro Limited IT - Software 0.46% 0.00% 0.46% Debt Mid Cap
of Mutual Fund Schemes’ has introduced two-tiered structure for Large Cap
benchmarking of certain categories of schemes. Accordingly, the Kirloskar Pneumatic Co Limited Industrial Products 0.30% 0.00% 0.30%
benchmark has been classified as Tier 1 benchmark. Furthermore Time Technoplast Limited Industrial Products 0.27% 0.00% 0.27% Small Cap
, the same is effective from 01 December 2021. Corporate Bonds /
16.59%
Debentures
National Bank for Agriculture &
ICRA AAA 3.60%
Rural Development
Moderate Moderately
High
Bajaj Finance Limited CRISIL AAA 2.90%
Low to High
CRISIL AAA /
Moderate REC Limited 3.66%
CARE AAA
Small Industries Development
ICRA AAA 1.83%
Bank of India
Low Very High Power Finance Corporation Limited CRISIL AAA 1.82%
LIC Housing Finance Limited CRISIL AAA 1.80%
RISKOMETER
Kotak Mahindra Prime Limited CRISIL AAA 0.98%
Investors understand that their principal
will be at High risk
Please note that the above risk-o-meter is as per the product
labelling of the scheme available as on the date of this
This product is suitable for investors who are seeking*:
communication/ disclosure. Any change in risk-o-meter shall be • Long term capital appreciation and generation of reasonable returns
communicated by way of Notice cum Addendum and by way of an • Investment in equity and equity related instruments, derivatives and debt and money market instruments.
e-mail or SMS to unitholders of that particular Scheme.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

27
 HSBC Equity Savings Fund
Equity Savings Fund - An open ended scheme investing in equity, arbitrage and debt.
Investment Objective: To generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the
equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and
equity related instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee
any returns.

% to Net % to Net
Fund Details Issuer Industries
% to Net
Assets Assets
Assets
(Hedged) (Unhedged) Industry Allocation
Date of Allotment 18-Oct-11
EQUITY 72.83% 30.43% 42.40%
NIFTY Equity Aerospace & Government Securities 19.46%
Benchmark Bharat Electronics Limited 6.54% 6.54% 0.00%
Savings Index4 Defense Electrical Equipment 7.94%
United Spirits Limited Beverages 5.62% 5.62% 0.00%
HDFC Bank Limited Banks 5.57% 5.57% 0.00% Aerospace & Defense 6.54%
NAV (as on 31.03.24) Larsen & Toubro Limited Construction 5.40% 3.43% 1.97%
Medi Assist Healthcare Construction 6.51%
Growth ₹ 28.6037 Services Limited
Insurance 3.15% 0.00% 3.15%
Banks 6.48%
Cement & Ce-
Direct Growth ₹ 31.3663 Ambuja Cements Limited
ment Products
3.11% 3.11% 0.00%
IT - Software 6.15%
AUM (as on 31.03.24) ₹ 230.16 Cr Chemicals &
Pidilite Industries Limited 2.75% 2.75% 0.00% Consumer Durables 5.67%
Petrochemicals
AAUM (for the month GE TandD India Limited
Electrical
2.40% 0.00% 2.40% Beverages 5.62%
₹ 226.21 Cr Equipment
of Mar) Sonata Software Limited IT - Software 2.32% 0.00% 2.32% Retailing 5.14%
Transformers And Rectifiers Electrical
Fund Manager & Experience 2.23% 0.00% 2.23% Insurance 3.15%
(India) Limited Equipment
Cheenu Gupta (Equity) The Indian Hotels Company
Leisure Services 2.15% 0.00% 2.15% Cement & Cement Products 3.11%
Limited
Total Experience 17 Years Consumer Leisure Services 2.75%
Blue Star Limited 1.99% 0.00% 1.99%
Managing this fund Since Jul 02, 2021 Durables Chemicals & Petrochemicals 2.75%
CG Power and Industrial Electrical
1.65% 0.00% 1.65%
Mahesh Chhabria (Fixed Income) Solutions Limited Equipment Industrial Products 2.49%
Consumer
Eureka Forbes Limited 1.53% 0.00% 1.53% Reverse Repos/TREPS 2.33%
Total Experience 12 Years Durables
Managing this fund Since Jul 15, 2023 KEI Industries Limited Industrial Products 1.53% 0.00% 1.53% Realty 1.94%
Consumer
Safari Industries India Limited 1.50% 0.00% 1.50% Finance 1.62%
Abhishek Gupta (Equity) Durables
Aditya Vision Limited Retailing 1.46% 0.00% 1.46% Pharmaceuticals & Biotechnology 1.09%
Total Experience 13 Years Persistent Systems Limited IT - Software 1.41% 0.00% 1.41%
Zensar Technolgies Limited IT - Software 1.37% 0.00% 1.37% 0.75%
Managing this fund Since Apr 01, 2024 Trent Limited Retailing 1.37% 0.00% 1.37%
Industrial Manufacturing
Zomato Limited Retailing 1.19% 0.00% 1.19% Non - Ferrous Metals 0.70%
Praveen Ayathan (Arbitrage) Electronics Mart India Limited Retailing 1.12% 0.00% 1.12%
Ahluwalia Contracts (India) Ferrous Metals 0.56%
Total Experience 28 Years Limited
Construction 1.11% 0.00% 1.11%
Capital Markets 0.55%
Managing this fund Since Oct 01, 2023 Godrej Properties Limited Realty 1.00% 0.00% 1.00%
KPIT Technologies Limited IT - Software 0.97% 0.00% 0.97% Petroleum Products 0.45%
Hitesh Gondhia (Arbitrage) Industrial
Timken India Limited 0.96% 0.00% 0.96% Entertainment 0.42%
Products
Total Experience 17 Years Sobha Limited Realty 0.94% 0.00% 0.94%
Gas 0.36%
Managing this fund Since Oct 01, 2023 Mankind Pharma Limited
Pharmaceuticals
0.90% 0.00% 0.90%
& Biotechnology Auto Components 0.09%
Sonal Gupta (Overseas Investments) Cholamandalam Investment &
Finance 0.90% 0.00% 0.90% Net Current Assets 0.03%
Finance Company Limited
Total Experience 16 Years Electrical 5.35%
TD Power Systems Limited 0.84% 0.00% 0.84% Debt Instrument
Managing this fund Since Nov 26, 2022 Equipment
Electrical
Minimum Investment1 Siemens Limited 0.82% 0.00% 0.82%
Equipment
Industrial Manu-
Lumpsum ₹ 5,000 Kaynes Technology India Ltd
facturing
0.75% 0.00% 0.75%
SIP## Please refer page 73 Sundaram Finance Limited Finance 0.72% 0.00% 0.72% Portfolio Classification By Market Segment Class (%)
National Aluminium Company
Non - Ferrous Metals 0.70% 0.70% 0.00%
Additional Purchase ₹ 1,000 Limited
Dixon Technologies (India) Consumer
0.65% 0.00% 0.65% 13.34%
Entry load: “NA” Limited Durables
Mahindra Holidays and
Exit load: If the units redeemed or switched Leisure Services 0.60% 0.00% 0.60%
Resorts India Limited 34.93%
out are upto 10% of the units purchased or Bandhan Bank Limited Banks 0.59% 0.59% 0.00%
Steel Authority of India
switched in (‘’the limit”) within 1 Month from the Limited
Ferrous Metals 0.56% 0.56% 0.00%
date of allotment - Nil Prudent Corporate Advisory
Capital Markets 0.55% 0.00% 0.55%
If redeemed or switched out units are over and Services Limited
above the limit i.e beyond 10% of the allotted Hindustan Petroleum Petroleum
0.45% 0.45% 0.00%
Corporation Limited Products
units within 1 month exit load applicable - Zee Entertainment
0.50% Entertainment 0.42% 0.42% 0.00% 24.56%
Enterprises Limited
If units are redeemed or switched out on or Gail India Limited Gas 0.36% 0.36% 0.00%
27.17%
ICICI Bank Limited Banks 0.32% 0.00% 0.32%
after 1 Month from the date of Purchase - Nil Pharmaceuticals
Abbott India Limited 0.14% 0.14% 0.00%
Month End Total Expenses Ratios & Biotechnology
Balkrishna Industries Limited Auto Components 0.09% 0.09% 0.00% Large Cap Debt Small Cap
(Annualized)2 Infosys Limited IT - Software 0.08% 0.05% 0.03%
Pharmaceuticals
Regular 5
1.51% Aurobindo Pharma Limited
& Biotechnology
0.05% 0.05% 0.00% Mid Cap
Direct 0.61% Money Market Instruments
Certificate of Deposit 5.35%
Portfolio Turnover Canara Bank CRISIL A1+ 3.28%
0.75 Axis Bank Limited CRISIL A1+ 2.07%
(1 year) Government Securities 19.46%
1
in multiples of Re 1 thereafter. 5.22% GOI 15JUN25 G-SEC SOVEREIGN 6.48%
TER Annualized TER including GST on Investment
2 6.18% GOI 04NOV2024 SOVEREIGN 4.43%
Management Fees 7.06% GOI 10APR28 SOVEREIGN 4.04%
7.37% GOI 23OCT2028 SOVEREIGN 2.27%
3
Continuing plans
7.38% GOI 20JUN2027 SOVEREIGN 2.24%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Cash Equivalent 2.36%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated TREPS* 2.33%
May 19, 2023, on ‘Guiding Principles for bringing uniformity
Net Current Assets: 0.03%
in Benchmarks of Mutual Fund Schemes’ has introduced
Total Net Assets as on
two-tiered structure for benchmarking of certain categories 100.00%
of schemes. Accordingly, the benchmark has been classified
31-March-2024
as Tier 1 benchmark. Furthermore , the same is effective *TREPS : Tri-Party Repo fully collateralized by G-Sec
from 01 December 2021.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segment
Low to
Moderate
High and long–term capital appreciation through unhedged exposure to equity and equity related instruments.
• Investment in equity and equity related instruments, derivatives and debt and money market instruments
Low Very High *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
RISKOMETER

Investors understand that their principal Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be at Moderately High risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

28
 HSBC Arbitrage Fund
Arbitrage Fund - An open ended scheme investing in arbitrage opportunities
Investment Objective: The investment objective of the Scheme is to seek to generate reasonable returns by predominantly investing in
arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market
instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any
returns.

% to Net % to Net % to Net % to Net

Fund Details Issuer Industries
% to Net
Asset Asset Issuer Industries
% to Net
Asset Asset
Asset Asset
(Hedge) (Unhedge) (Hedge) (Unhedge)
Date of Allotment 30-Jun-14 EQUITY 77.09% 77.09% 0.00% Syngene International Limited Healthcare Services 0.05% 0.05% 0.00%
HDFC Bank Limited Banks 7.14% 7.14% 0.00% Pharmaceuticals &
Abbott India Limited 0.04% 0.04% 0.00%
Nifty 50 Arbitrage Reliance Industries Limited Petroleum Products 5.53% 5.53% 0.00% Biotechnology
Benchmark Kotak Mahindra Bank Limited Banks 5.41% 5.41% 0.00% Indian Oil Corporation Limited Petroleum Products 0.04% 0.04% 0.00%
Index6 Vedanta Limited Diversified Metals 4.07% 4.07% 0.00% Bharti Airtel Limited Telecom - Services 0.04% 0.04% 0.00%
Indus Towers Limited Telecom - Services 3.64% 3.64% 0.00% Eicher Motors Limited Automobiles 0.04% 0.04% 0.00%
NAV (as on 31.03.24) Canara Bank Banks 2.38% 2.38% 0.00% Power Grid Corporation of India Limited Power 0.03% 0.03% 0.00%
Tata Power Company Limited Power 1.95% 1.95% 0.00% LTIMindtree Limited IT - Software 0.03% 0.03% 0.00%
Growth ₹ 17.4595 Aurobindo Pharma Limited
Pharmaceuticals &
Biotechnology
1.94% 1.94% 0.00% Ambuja Cements Limited
Cement & Cement
Products
0.02% 0.02% 0.00%

Direct Growth ₹ 18.5363 Container Corporation of India Limited

Tata Communications Limited
Transport Services
Telecom - Services
1.86%
1.85%
1.86%
1.85%
0.00%
0.00%
Coal India Limited
Oberoi Realty Limited
Consumable Fuels
Realty
0.02%
0.02%
0.02%
0.02%
0.00%
0.00%
LIC Housing Finance Limited Finance 0.02% 0.02% 0.00%
AUM (as on 31.03.24) ₹ 2003.18 Cr Zee Entertainment Enterprises Limited
MphasiS Limited
Entertainment
IT - Software
1.84%
1.74%
1.84%
1.74%
0.00%
0.00% National Aluminium Company Limited Non - Ferrous Metals 0.02% 0.02% 0.00%
Godrej Consumer Products Limited Personal Products 0.01% 0.01% 0.00%
AAUM (for the month Godrej Properties Limited Realty 1.72% 1.72% 0.00%
₹ 1996.28 Cr Bandhan Bank Limited Banks 1.64% 1.64% 0.00%
Torrent Pharmaceuticals Limited
Pharmaceuticals &
0.01% 0.01% 0.00%
of Mar) Dr Lal Path Labs Limited Healthcare Services 1.57% 1.57% 0.00% Biotechnology
Agricultural Food & other Pharmaceuticals &
Tata Consumer Products Limited 1.56% 1.56% 0.00% Zydus Lifesciences Limited 0.01% 0.01% 0.00%
Fund Manager & Experience Products Biotechnology
Apollo Hospitals Enterprise Limited Healthcare Services 1.34% 1.34% 0.00% Hindustan Petroleum Corporation Limited Petroleum Products 0.01% 0.01% 0.00%
Praveen Ayathan (Arbitrage) Indian Energy Exchange Limited Capital Markets 1.32% 1.32% 0.00%
Navin Fluorine International Limited
Chemicals &
0.01% 0.01% 0.00%
Pharmaceuticals & Petrochemicals
Glenmark Pharmaceuticals Limited 1.31% 1.31% 0.00%
Total Experience 28 Years Biotechnology The Indian Hotels Company Limited Leisure Services 0.01% 0.01% 0.00%
Aditya Birla Capital Limited Finance 1.23% 1.23% 0.00% JSW Steel Limited Ferrous Metals 0.01% 0.01% 0.00%
Managing this fund Since Jun 30, 2014 Pharmaceuticals & Cement & Cement
Lupin Limited 1.22% 1.22% 0.00% Grasim Industries Limited 0.01% 0.01% 0.00%
Biotechnology Products
Mahesh Chhabria (Fixed Income) Pharmaceuticals & Mahanagar Gas Limited Gas 0.01% 0.01% 0.00%
Granules India Limited 1.18% 1.18% 0.00%
Biotechnology Chemicals &
Total Experience 12 Years State Bank of India Banks 1.08% 1.08% 0.00%
Deepak Nitrite Limited
Petrochemicals
0.01% 0.01% 0.00%

Managing this fund Since Jul 15, 2023 Bajaj Finance Limited Finance 1.03% 1.03% 0.00% ABB India Limited Electrical Equipment 0.01% 0.01% 0.00%
Bharat Electronics Limited Aerospace & Defense 1.02% 1.02% 0.00% Chemicals &
Atul Limited 0.00% 0.00% 0.00%
Hitesh Gondhia (Arbitrage) Vodafone Idea Limited Telecom - Services 1.00% 1.00% 0.00% Petrochemicals
Bank of Baroda Banks 0.98% 0.98% 0.00% NMDC Limited Minerals & Mining 0.00% 0.00% 0.00%
Total Experience 17 Years Dixon Technologies (India) Limited Consumer Durables 0.90% 0.90% 0.00% PVR INOX Limited Entertainment 0.00% 0.00% 0.00%
Pharmaceuticals & Samvardhana Motherson International
Managing this fund Since Oct 01, 2023 Biocon Limited
Biotechnology
0.83% 0.83% 0.00%
Limited
Auto Components 0.00% 0.00% 0.00%
RBL Bank Limited Banks 0.82% 0.82% 0.00% Fertilizers &
Minimum Investment1 Agricultural Commercial
Coromandel International Limited
Agrochemicals
0.00% 0.00% 0.00%
Escorts Kubota Limited 0.80% 0.80% 0.00%
Lumpsum ₹ 5,000 Hindustan Copper Limited
& Construction Vehicles
Non - Ferrous Metals 0.79% 0.79% 0.00%
Info Edge (India) Limited Retailing 0.00% 0.00% 0.00%
Money Market Instruments
SIP## Please refer page 73 Max Financial Services Limited Insurance 0.79% 0.79% 0.00% Certificate of Deposit 2.47%
Additional Purchase ₹ 1,000 City Union Bank Limited Banks
Agricultural Food & other
0.75% 0.75% 0.00% Axis Bank Limited CRISIL A1+ 1.24%
Balrampur Chini Mills Limited 0.75% 0.75% 0.00% HDFC Bank Limited CARE A1+ 1.23%
Entry load: “NA” Products Treasury Bills 8.96%
HDFC Life Insurance Company Limited Insurance 0.60% 0.60% 0.00% 182 DAYS T-BILL 04JUL24 SOVEREIGN 2.45%
Exit load: Any redemption/switch-out of Aditya Birla Fashion and Retail Limited Retailing 0.58% 0.58% 0.00% 364 DAYS T-BILL 19SEP24 SOVEREIGN 2.42%
Cement & Cement
units on or before 1 month from the date of The India Cements Limited
Products
0.54% 0.54% 0.00% 364 DAYS T-BILL 05DEC24 SOVEREIGN 1.67%
364 DAYS T-BILL 08Aug24 SOVEREIGN 1.22%
allotment: 0.25% Balkrishna Industries Limited Auto Components 0.53% 0.53% 0.00% 364 DAYS T-BILL 17OCT24 SOVEREIGN 1.20%
If units are redeemed or switched out after 1 Manappuram Finance Limited
Dabur India Limited
Finance
Personal Products
0.52%
0.50%
0.52%
0.50%
0.00%
0.00%
Mutual Fund Units 6.82%
HSBC Money Market Fund - Direct
Month from the date of allotment: NIL Wipro Limited IT - Software 0.46% 0.46% 0.00% Growth
Mutual Fund 4.15%
(Effective date: August 01, 2023) Chambal Fertilizers & Chemicals Limited
Fertilizers &
Agrochemicals
0.45% 0.45% 0.00% HSBC Ultra Short Duration Fund - Direct
Mutual Fund 2.67%
Growth
Month End Total Expenses Ratios Dalmia Bharat Limited
Cement & Cement
Products
0.42% 0.42% 0.00% Cash Equivalent 4.66%
(Annualized)2 PI Industries Litmited
Fertilizers &
0.41% 0.41% 0.00%
TREPS*
Net Current Assets:
4.91%
-0.25%
Agrochemicals
Regular5 0.94% Can Fin Homes Limited Finance 0.39% 0.39% 0.00% Total Net Assets as on 31-March-2024 100.00%
Direct 0.27% Gujarat Narmada Valley Fertilizers & Chemicals &
0.37% 0.37% 0.00% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Chemicals Ltd Petrochemicals
Portfolio Turnover Multi Commodity Exchange of India
3.22 Capital Markets 0.33% 0.33% 0.00%
(1 year) Limited
Tata Consultancy Services Limited IT - Software 0.32% 0.32% 0.00%
Industry Allocation
1
in multiples of Re 1 thereafter. Alkem Laboratories Limited
Pharmaceuticals &
Biotechnology
0.28% 0.28% 0.00%
Banks 20.35%
2
TER Annualized TER including GST on SRF Limited
Chemicals &
Petrochemicals
0.27% 0.27% 0.00% Government Securities
Pharmaceuticals & Biotechnology
8.96%
6.92%
Investment Management Fees Marico Limited
Agricultural Food & other
0.25% 0.25% 0.00%
Internal - Mutual Fund Units 6.82%
Products Telecom - Services 6.53%
3
Continuing plans Petronet LNG Limited Gas 0.25% 0.25% 0.00% Petroleum Products 5.74%
Hindustan Unilever Limited Diversified FMCG 0.22% 0.22% 0.00% Reverse Repos/TREPS 4.91%
Diversified Metals
Portfolio Classification By Market Cummins India Limited
Hindustan Aeronautics Limited
Industrial Products
Aerospace & Defense
0.22%
0.21%
0.22%
0.21%
0.00%
0.00% Finance
4.07%
3.56%
Segment Class (%) DLF Limited Realty 0.21% 0.21% 0.00% Healthcare Services 2.96%
Cholamandalam Investment & Finance IT - Software 2.73%
Finance 0.21% 0.21% 0.00% Agricultural Food & other Products 2.56%
Company Limited
Transport Services 2.00%
SBI Life Insurance Company Limited Insurance 0.21% 0.21% 0.00%
Power 1.98%
10.56% ITC Limited Diversified FMCG 0.20% 0.20% 0.00%
Realty 1.95%
Larsen & Toubro Limited Construction 0.18% 0.18% 0.00%
Entertainment 1.84%
Adani Ports and Special Economic
Transport Infrastructure 0.17% 0.17% 0.00% Capital Markets 1.65%
Zone Limited
Insurance 1.60%
22.91% Bharat Petroleum Corporation Limited Petroleum Products 0.16% 0.16% 0.00% Cement & Cement Products 1.28%
IndusInd Bank Limited Banks 0.15% 0.15% 0.00% Aerospace & Defense 1.23%
LandT Technology Services Limited IT - Services 0.15% 0.15% 0.00% Consumer Durables 0.96%
Tata Steel Limited Ferrous Metals 0.14% 0.14% 0.00% Fertilizers & Agrochemicals 0.86%
Steel Authority of India Limited Ferrous Metals 0.14% 0.14% 0.00% Chemicals & Petrochemicals 0.84%
InterGlobe Aviation Limited Transport Services 0.14% 0.14% 0.00% Non - Ferrous Metals 0.81%
Cement & Cement
38.98% JK Cement Limited 0.13% 0.13% 0.00% Agricultural Commercial & Construction Vehicles 0.80%
Products Auto Components
27.55% Mahindra & Mahindra Limited Automobiles 0.11% 0.11% 0.00% Retailing
0.61%
0.58%
Cement & Cement Personal Products 0.51%
ACC Limited 0.10% 0.10% 0.00%
Products Diversified FMCG 0.42%
Pharmaceuticals & Ferrous Metals 0.29%
Large Cap Mid Cap Debt Divi''s Laboratories Limited
Biotechnology
0.10% 0.10% 0.00% Gas 0.26%
Coforge Limited IT - Software 0.10% 0.10% 0.00% Industrial Products 0.22%
Small Cap Power Finance Corporation Limited Finance 0.10% 0.10% 0.00% Construction
Transport Infrastructure
0.18%
Chemicals & 0.17%
Aarti Industries Limited 0.10% 0.10% 0.00% Automobiles 0.15%
Petrochemicals
IT - Services 0.15%
Siemens Limited Electrical Equipment 0.09% 0.09% 0.00%
Electrical Equipment 0.10%
Oracle Financial Services Software
IT - Software 0.08% 0.08% 0.00% Beverages 0.08%
Limited
Textiles & Apparels 0.07%
Moderate Moderately Exide Industries Limited Auto Components 0.08% 0.08% 0.00%
Leisure Services 0.06%
High Chemicals &
Pidilite Industries Limited 0.08% 0.08% 0.00% Consumable Fuels 0.02%
Low to High
Petrochemicals
Minerals & Mining 0.00%
Moderate United Spirits Limited Beverages 0.08% 0.08% 0.00% Net Current Assets -0.25%
Page Industries Limited Textiles & Apparels 0.07% 0.07% 0.00% Debt Instrument 2.47%
Cement & Cement
UltraTech Cement Limited 0.06% 0.06% 0.00%
Products
Low Very High Piramal Enterprises Limited Finance 0.06% 0.06% 0.00%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/
Crompton Greaves Consumer Electricals IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding Principles for bringing
Consumer Durables 0.06% 0.06% 0.00%
RISKOMETER Limited uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure
Indian Railway Catering & Tourism
Leisure Services 0.05% 0.05% 0.00%
for benchmarking of certain categories of schemes. Accordingly, the benchmark has
Investors understand that their principal Corporation Ltd been classified as Tier 1 benchmark. Furthermore , the same is effective from 01
will be at Low risk December 2021.

Please note that the above risk-o-meter is as per the product

labelling of the scheme available as on the date of this This product is suitable for investors who are seeking*:
communication/ disclosure. Any change in risk-o-meter shall be
communicated by way of Notice cum Addendum and by way of an
• Generation of reasonable returns over short to medium term
e-mail or SMS to unitholders of that particular Scheme. • Investment predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets; and debt
and money market instrument.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

29
 HSBC Global Emerging HSBC Global Equity Climate Change
Markets Fund Fund of Fund
An open-ended fund of fund scheme investing in HSBC Global Investment Funds - Global (An open ended fund of fund scheme investing in HSBC Global Investment Funds – Global
Emerging Markets Equity Fund Equity Climate Change)
Investment Objective: The primary investment objective of the Scheme is to provide Investment Objective: To provide long term capital appreciation by investing predominantly
long term capital appreciation by investing predominantly in units/shares of HSBC Global in units of HSBC Global Investment Funds – Global Equity Climate Change (HGECC). The
Investment Funds - Global Emerging Markets Equity Fund. The Scheme may also invest a Scheme may also invest a certain proportion of its corpus in money market instruments and
certain proportion of its corpus in money market instruments and / or units of liquid mutual /or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements
fund schemes, in order to meet liquidity requirements from time to time. However, there from time to time. However, there is no assurance that the investment objective of the
can be no assurance or guarantee that the investment objective of the scheme would be Scheme will be achieved.
achieved.
Fund Details Fund Details
Date of Allotment 17-Mar-08 Date of Allotment 22-Mar-21
Benchmark MSCI Emerging Markets Index TRI6 Benchmark MSCI AC World TRI6
NAV (as on 31.03.24) NAV (as on 31.03.24)
Growth ₹ 17.6572 Growth ₹ 9.9416
Direct Growth ₹ 19.1371
Direct Growth ₹ 10.1726
AUM (as on 31.03.24) ₹ 32.43 Cr
AUM (as on 31.03.24) ₹ 135.13 Cr
AAUM (for the month of Mar) ₹ 29.15 Cr
AAUM (for the month of Mar) ₹ 138.19 Cr
Fund Manager & Experience
Sonal Gupta (Overseas Investments) Fund Manager & Experience
Total Experience 16 Years Sonal Gupta (Overseas Investments)
Managing this fund Since December 02, 2022 Total Experience 16 Years
Minimum Investment1 Managing this fund Since December 02, 2022
Lumpsum ₹ 5,000 Kapil Punjabi (Fixed Income)
SIP## Please refer page 73 Total Experience 17 Years
Additional Purchase ₹ 1,000 Managing this fund Since March 22, 2021
Entry load: “NA” Minimum Investment1
1% if redeemed / switched out within 1 year Lumpsum ₹ 5,000
Exit load: SIP## Please refer page 73
from date of allotment, else nil
Quantitative Data2 Additional Purchase ₹ 1,000
Standard Deviation 16.49% Entry load: “NA”
Beta (Slope) 0.93
Sharpe Ratio 3 -0.65 Exit load: (i) In respect of each purchase / switch-in of units, an Exit Load of 1% is
R2 0.90% payable if Units are redeemed / switched-out within 1 year from the date of allotment.
Month End Total Expenses Ratios (Annualized)4 (ii) No Exit Load will be charged, if units are redeemed / switched-out after 1 year from
Regular5 2.35% the date of allotment.
Direct 1.64% The exit loads set forth above is subject to change at the discretion of the AMC and
such changes shall be implemented prospectively.
Industry Allocation Month End Total Expenses Ratios (Annualized)4
Regular5 2.09%
International - Mutual Fund Units 96.76% Direct 1.44%

Reverse Repos/TREPS 3.37% Industry Allocation

Net Current Assets -0.13%
International - Mutual Fund Units 99.40%

Reverse Repos/TREPS 2.58%

Issuer Industry/Rating % to Net Assets Net Current Assets -1.98%
Mutual Fund Units 96.76%
HSBC GIF GLOB EMERG MKTS EQ S1 OVERSEAS MUTUAL FUND 96.76%
DIS
Issuer Industry/Rating % to Net Assets
Cash Equivalent 3.24%
Mutual Fund Units 99.40%
TREPS* 3.37%
HSBC GIF GL EQ CLM CHG JCUSD OVERSEAS MUTUAL FUND 99.40%
Net Current Assets: -0.13%
Cash Equivalent 0.60%
Total Net Assets as on 31-March-2024 100.00% TREPS* 2.58%
*TREPS : Tri-Party Repo fully collateralized by G-Sec Net Current Assets: -1.98%
1
in multiples of Re 1 thereafter. Total Net Assets as on 31-March-2024 100.00%
2
Quantitative Data disclosed are as per monthly returns (Annualized) for the last 3 years. *TREPS : Tri-Party Repo fully collateralized by G-Sec
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024)
4
TER Annualized TER including GST on Investment Management Fees and additional charges by underlying fund
5
Continuing plans
1
in multiples of Re 1 thereafter.
4
TER Annualized TER including GST on Investment Management Fees and additional charges by underlying fund
5
Continuing plans

This product is suitable for investors who are seeking*: This product is suitable for investors who are seeking*:

• To create wealth over long term Moderate Moderately

• To create wealth over long term Moderate Moderately
High High
• Investment predominantly in units of HSBC Global Low to High
• Investment predominantly in companies positioned Low to High
Investment Funds - Global Emerging Markets Equity Moderate
to benefit from climate change through fund of funds Moderate

Fund route

*Investors should consult their financial advisers if Low Very High

*Investors should consult their financial advisers if Low Very High

in doubt about whether the product is suitable for RISKOMETER in doubt about whether the product is suitable for RISKOMETER
them. Investors understand that their principal them. Investors understand that their principal
will be at Very High risk will be at Very High risk

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or
SMS to unitholders of that particular Scheme.
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for
benchmarking of certain categories of schemes. Accordingly, the benchmark has been classified as Tier 1 benchmark. Furthermore , the same is effective from 01 December 2021.

30
 HSBC Asia Pacific (Ex Japan) Dividend
Yield Fund HSBC Brazil Fund
An open ended fund of fund scheme investing in HSBC Global Investments Fund - Asia An open ended fund of fund scheme investing in HSBC Global Investments Fund - Brazil
Pacific Ex Japan Equity High Dividend Fund Equity Fund
Investment Objective: To provide long term capital appreciation by investing predominantly Investment Objective: The primary investment objective of the Scheme is to provide
in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High long term capital appreciation by investing predominantly in units/shares of HSBC Global
Dividend Fund (HEHDF). The Scheme may also invest a certain proportion of its corpus Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at the discretion of the
in money market instruments and / or units of liquid mutual fund schemes, in order to meet Investment Manager, also invest in the units of other similar overseas mutual fund schemes,
liquidity requirements from time to time. However, there can be no assurance or guarantee which may constitute a significant part of its corpus. The Scheme may also invest a certain
that the investment objective of the scheme would be achieved. 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
Fund Details no assurance or guarantee that the investment objective of the scheme would be achieved.
Date of Allotment 24-Feb-14 Fund Details
Benchmark MSCI AC Asia Pacific ex Japan TRI6
Date of Allotment 06-May-11
NAV (as on 31.03.24) Benchmark MSCI Brazil 10/40 Index TRI6
Growth ₹ 19.3594
NAV (as on 31.03.24)
Direct Growth ₹ 20.7909
Growth ₹ 7.4978
AUM (as on 31.03.24) ₹ 6.31 Cr
Direct Growth ₹ 8.1417
AAUM (for the month of Mar) ₹ 6.61 Cr
AUM (as on 31.03.24) ₹ 39.19 Cr
Fund Manager & Experience
AAUM (for the month of Mar) ₹ 40.01 Cr
Sonal Gupta (Overseas Investments)
Fund Manager & Experience
Total Experience 16 Years
Sonal Gupta (Overseas Investments)
Managing this fund Since December 02, 2022
Minimum Investment1 Total Experience 16 Years
Managing this fund Since December 02, 2022
Lumpsum ₹ 5,000
Minimum Investment1
SIP## Please refer page 73
Lumpsum ₹ 5,000
Additional Purchase ₹ 1,000
SIP## Please refer page 73
Entry load: “NA”
Additional Purchase ₹ 1,000
Exit load: (i) In respect of each purchase / switch-in of units, an Exit Load of 1% is payable if Units
are redeemed / switched-out within 1 year from the date of allotment. Entry load: “NA”
(ii) No Exit Load will be charged, if units are redeemed / switched-out after 1 year from the date of Exit load: i) In respect of each purchase / switch-in of Units, an Exit Load of 1% is
allotment. payable if Units are redeemed / switched-out within 1 year from the date of allotment.
Quantitative Data 2
ii) No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from
Standard Deviation 14.99% the date of allotment.
Beta (Slope) 0.78 Quantitative Data2
Sharpe Ratio 3 -0.45 Standard Deviation 29.03%
R2 0.86% Beta (Slope) 0.91
Month End Total Expenses Ratios (Annualized)4 Sharpe Ratio 3 -0.01
Regular5 2.03% R2 0.97%
Direct 1.63% Month End Total Expenses Ratios (Annualized)4
Regular5 2.42%
Industry Allocation
Direct 1.85%
Industry Allocation
International - Mutual Fund Units 98.91%
International - Mutual Fund Units 96.91%
Reverse Repos/TREPS 4.93%
Reverse Repos/TREPS 4.55%
Net Current Assets - 3.84%
Net Current Assets -1.46%
Issuer Sector % to Net Assets
Mutual Fund Units 98.91% Issuer Industry/Rating % to Net Assets
HSBC GIF ASIA PACIFIC EX JAPAN OVERSEAS MUTUAL FUND 98.91% Mutual Fund Units 96.91%
EQ HD S9D HSBC GIF BRAZIL EQUITY S3D OVERSEAS MUTUAL FUND 96.91%
Cash Equivalent 1.09% Cash Equivalent 3.09%
TREPS* 4.93% TREPS* 4.55%
Net Current Assets: -3.84% Net Current Assets: -1.46%
Total Net Assets as on 31-March-2024 100.00% Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec *TREPS : Tri-Party Repo fully collateralized by G-Sec

1
in multiples of Re 1 thereafter.
1
in multiples of Re 1 thereafter. 2
Quantitative Data disclosed are as per monthly returns (Annualized) for the last 3 years.
2
Quantitative Data disclosed are as per monthly returns (Annualized) for the last 3 years. 3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024)
3
Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024) 4
TER Annualized TER including GST on Investment Management Fees and additional charges by underlying fund
4
TER Annualized TER including GST on Investment Management Fees and additional charges by underlying fund 5
Continuing plans
5
Continuing plans
This product is suitable for investors who are seeking*: This product is suitable for investors who are seeking*:

• To create wealth over long term Moderate Moderately

• To create wealth over long term Moderate Moderately
High High

• Investment in equity and equity related securities Low to High

• Invests in equity and equity related securities Low to High

of Asia Pacific countries (excluding Japan)

Moderate
through feeder route in Brazilian markets Moderate

through fund of funds route *Investors should consult their financial advisers if
*Investors should consult their financial advisers
Low Very High
in doubt about whether the product is suitable for Low Very High

if in doubt about whether the product is suitable RISKOMETER them. RISKOMETER

for them. Investors understand that their principal Investors understand that their principal
will be at Very High risk will be at Very High risk

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or
SMS to unitholders of that particular Scheme.
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has introduced two-tiered structure for
benchmarking of certain categories of schemes. Accordingly, the benchmark has been classified as Tier 1 benchmark. Furthermore , the same is effective from 01 December 2021.

31
HSBC Managed Solutions HSBC Managed Solutions HSBC Managed Solutions
India - Growth India - Moderate India - Conservative
(An open ended fund of fund scheme investing in a basket of (An open ended fund of fund scheme investing in a basket of (An open ended fund of fund scheme investing in a basket of
equity, debt, Gold and other ExchangeTraded Funds) equity, debt, Gold and other Exchange Traded Funds) equity, debt, Gold and other Exchange Traded Funds)
Investment Objective: The objective of the Plan is to provide Investment Objective: The objective of the fund is to Investment Objective: The objective of the Plan is to provide
long term total return primarily by seeking capital appreciation provide long term total return aimed at capital appreciation long term total return aimed at providing income through an
through an active asset allocation with diversification and providing income through an active asset allocation active asset allocation with diversification commensurate
commensurate with the risk profile of investments by with diversification commensurate with the risk profile of with the risk profile of investments by investing in a basket of
investing in a basket of debt, equity, gold exchange traded investments by investing in a basket of debt, equity, gold debt, equity, gold ETFs and other ETFs and money market
funds (ETFs) and other ETFs, units of offshore mutual funds ETFs and other ETFs, units of offshore mutual funds and instruments.
and money market instruments. money market instruments.

Fund Details Fund Details Fund Details

Date of Allotment 30-Apr-14 Date of Allotment 30-Apr-14 Date of Allotment 30-Apr-14
Benchmark: Composite Index constituting 80% of Benchmark: Composite Index constituting 10% of
Benchmark: CRISIL Hybrid 35+65 - Aggressive Fund
S&P BSE 200 TRI Index and 20% of CRISIL Composite S&P BSE 200 TRI Index and 90% of CRISIL Composite
Index5
Bond Index5 Bond Index5
NAV (as on 31.03.24) NAV (as on 31.03.24) NAV (as on 31.03.24)
Growth ₹ 35.1129 Growth ₹ 30.9604 Growth ₹ 19.6330
Direct Growth ₹ 36.4495 Direct Growth ₹ 32.4593 Direct Growth ₹ 20.6338
AUM (as on 31.03.24) ₹ 40.59 Cr AUM (as on 31.03.24) ₹ 57.34 Cr AUM (as on 31.03.24) ₹ 27.38 Cr
AAUM (for the month of Mar) ₹ 40.47 Cr AAUM (for the month of Mar) ₹ 57.03 Cr AAUM (for the month of Mar) ₹ 27.36 Cr

Fund Manager: Gautam Bhupal (Equity) (Total Experience -18 Yrs.) Managing this fund since October 21, 2015; Sonal Gupta (Overseas Investment) (Total Experience 16 Yrs.)
Managing this fund since April 01, 2024; Cheenu Gupta (Equity) (Total Experience 17 Yrs.) Managing this fund since April 01, 2024

Minimum Investment: Lumpsum ₹ 5,000, Additional Purchase ₹ 1,000/- in multiples of Re 1 thereafter; SIP##: Please refer page 73

Entry load - NA, Exit load - In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of
allotment. No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from the date of allotment.

Quantitative Data1 Quantitative Data1 Quantitative Data1

Standard Deviation 10.62% Standard Deviation 8.74% Standard Deviation 2.28%
Beta (Slope) 0.79 Beta (Slope) 0.87 Beta (Slope) 0.54
Sharpe Ratio 2 0.68 Sharpe Ratio 2 0.57 Sharpe Ratio 2 -1.09
R2 0.89% R2 0.89% R2 0.93%
Month End Total Expenses Ratios (Annualized)3 Month End Total Expenses Ratios (Annualized)3 Month End Total Expenses Ratios (Annualized)3
Regular4 1.94% Regular4 1.95% Regular4 1.31%
Direct 1.02% Direct 0.91% Direct 0.54%
Industry Allocation Industry Allocation Industry Allocation

Internal - Mutual Fund Units 99.40% Internal - Mutual Fund Units 99.24% Internal - Mutual Fund Units 99.52%
Reverse Repos/TREPS 1.24% Reverse Repos/TREPS 1.47% Reverse Repos/TREPS 1.21%
Net Current Assets -0.64% Net Current Assets - 0.71% Net Current Assets - 0.73%

Issuer % to Net Assets Issuer % to Net Assets

Issuer % to Net Assets
Mutual Fund Units 99.40% Mutual Fund Units 99.24%
HSBC Large Cap Fund- Direct Growth 59.12% Mutual Fund Units 99.52%
HSBC Large Cap Fund- Direct Growth 47.85%
HSBC Small Cap Fund - Direct Growth 19.63% HSBC Short Duration Fund - Direct Growth 40.64%
HSBC Short Duration Fund - Direct Growth 16.04%
HSBC Medium To Long Duration Fund - Direct
HSBC Short Duration Fund - Direct Growth 8.59% HSBC Small Cap Fund - Direct Growth 15.69% 25.08%
Growth
HSBC Medium To Long Duration Fund - Direct HSBC Medium To Long Duration Fund - Direct
Growth
8.20% 12.23% HSBC Dynamic Bond Fund - Direct Growth 24.29%
Growth
HSBC Dynamic Bond Fund - Direct Growth 3.86% HSBC Large Cap Fund- Direct Growth 9.51%
HSBC Dynamic Bond Fund - Direct Growth 7.43%
Cash Equivalent 0.60% Cash Equivalent 0.48%
Cash Equivalent 0.76%
TREPS* 1.24% TREPS* 1.21%
TREPS* 1.47%
Net Current Assets: -0.64% Net Current Assets: -0.73%
Net Current Assets: -0.71%
Total Net Assets as on 31-March-2024 100.00% Total Net Assets as on 31-March-2024 100.00%
Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec *TREPS : Tri-Party Repo fully collateralized by G-Sec
*TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors whoare seeking*: This product is suitable for investors whoare seeking*: This product is suitable for investors whoare seeking*:
• To create wealth over long term
• To create wealth and provide income over the long term • To provide income over the long-term
• Investing predominantly in units of equity mutual funds as
• Investments in a basket of debt mutual funds, equity • Investing predominantly in units of debt mutual funds as
well as in a basket of debt mutual funds, gold & exchange
mutual funds, gold & exchange traded funds, offshore well as in a basket of equity mutual funds, gold & other
traded funds, offshore mutual funds and money market
mutual funds and money market instruments. exchange traded funds and money market instruments.
instruments

Moderate Moderately
Moderate Moderately Moderate Moderately
High
High High
Low to High
Moderate Low to High Low to High
Moderate Moderate

Low Very High

Low Very High Low Very High

RISKOMETER
RISKOMETER RISKOMETER
Investors understand that their principal Investors understand that their principal Investors understand that their principal
will be at Very High risk will be at High risk will be at Moderately High risk

Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail
or SMS to unitholders of that particular Scheme.
1
Quantitative Data: disclosed are as per monthly returns (Annualized) for the last 3 years. 2Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on Mar 31, 2024). 3TER Annualized TER including GST on Investment Management Fees and additional charges by
underlying fund. 4Continuing plans. 5As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023, on ‘Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes’ has
introduced two-tiered structure for benchmarking of certain categories of schemes. Accordingly, the benchmark has been classified as Tier 1 benchmark. Furthermore , the same is effective from 01 December 2021.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

32
 HSBC Overnight Fund
Overnight Fund - An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.
Investment Objective: The scheme aims to offer reasonable returns commensurate with low risk and high degree of liquidity through investments
overnight securities. However, there is no assurance that the investment objective of the Scheme will be achieved.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 22-May-19 Treasury Bills 8.29% YTM $

7.14%
NIFTY 1D Rate 91 DAYS T-BILL - 25APR2024 SOVEREIGN 5.34% Average Maturity 3.35 Days
Benchmark
Index 5,6
91 DAYS T-BILL 11APR24 SOVEREIGN 2.95%
NAV (as on 31.03.24) Modified Duration 3.35 Days
Cash Equivalent 91.71%
Growth ₹ 1,244.5718 Macaulay Duration 3.35 Days
TREPS* 21.32%
Direct Growth ₹ 1,252.9183
Reverse repo 70.35%
AUM (as on 31.03.24) ₹ 1863.15 Cr
PRC Matrix
AAUM (for the month Net Current Assets: 0.04%
₹ 2906.05 Cr Potential Risk Class
of Mar) Total Net Assets as on 31-March-2024 100.00%
Fund Manager & Experience Credit Risk →
*TREPS : Tri-Party Repo fully collateralized by G-Sec Relatively Relatively
Kapil Punjabi (Fixed Income) Moderate
Interest Rate Low High
(Class B)
Total Experience 17 Years Rating Profile Risk ↓ (Class A) (Class C)
Managing this fund Since May 22, 2019
8.29% Relatively Low
Mahesh Chhabria (Fixed Income) A-I
(Class I)
Total Experience 12 Years
Managing this fund Since Nov 26, 2022 Moderate
(Class II)
Minimum Investment 1
0.04%
Relatively High
Lumpsum ₹ 5,000
(Class III)
SIP## Please refer page 73
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Additional Purchase ₹ 1,000 risk (measured by Macaulay Duration of the scheme) and maximum credit
Entry load: “NA” 91.67% risk (measured by Credit Risk Value of the scheme) the fund manager can
take in the scheme. PRC matrix classification is done in accordance with
Exit load: NIL and subject to the methodology/guidelines prescribed by SEBI to help
Month End Total Expenses Ratios investors take informed decision based on the maximum interest rate risk
Reverse Repos/ TREPS SOVEREIGN and maximum credit risk the fund manager can take in the scheme, as
(Annualized)2 depicted in the PRC matrix.
Net Current Assets
Regular3 0.16%
Direct 0.06%
1
in multiples of Re 1 thereafter.
2
TER Annualized TER including GST on
Investment Management Fees
3
Continuing plans
4
As per clause 1.9 of the SEBI Master Circular
for Mutual Funds no. SEBI/HO/IMD/IMD-
PoD-1/P/CIR/2023/74 dated May 19, 2023,
on ‘Guiding Principles for bringing uniformity
in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for
benchmarking of certain categories of schemes.
Accordingly, the benchmark has been classified
as Tier 1 benchmark. Furthermore, the same is
effective from 01 December 2021.
6
Fund’s benchmark has changed with effect
from April 01, 2022.
$
YTM is annualized.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Income over short term and high liquidity
Low to High
Moderate • Investment in debt & money market instruments with overnight maturity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Low risk

33
 HSBC Liquid Fund
Liquid Fund - An open-ended liquid scheme. A relatively low interest rate risk and moderate credit risk.
Investment Objective: 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 that the Scheme objective can be realised.

Fund Details % to Net

Issuer Rating Quantitative Data
Assets
Date of Allotment 04-Dec-02 Corporate Bonds / Debentures 1.40% YTM$ 7.62%
Benchmark: NIFTY Liquid Index A-I6 Power Finance Corporation Limited CRISIL AAA 0.99%
NAV (as on 31.03.24)
Larsen & Toubro Limited CRISIL AAA 0.41% Average Maturity 71.18 Days
Money Market Instruments
Growth ₹ 2,386.6917 Certificate of Deposit 46.57% Modified Duration 66.31 Days
Direct Growth ₹ 2,405.9756 Canara Bank CRISIL A1+ 9.12%
Axis Bank Limited CRISIL A1+ 6.10% Macaulay Duration 71.18 Days
AUM (as on 31.03.24) ₹ 12991.16 Cr
Bank of Baroda IND A1+ 6.09%
AAUM (for the month HDFC Bank Limited CARE A1+ 5.12%
₹ 19005.69 Cr
of Mar) Small Industries Development Bank Rating Profile
CRISIL A1+ 4.18%
Fund Manager & Experience of India
ICRA A1+ - 19.36%
Kapil Punjabi (Fixed Income)
Punjab National Bank Limited / IND A1+ / 7.62%
Total Experience 17 Years CARE A1+
0.28%
Managing this fund Since Mar 14, 2014 Bank of Maharashtra CRISIL A1+ 3.03%
Shriram Ramanathan (Fixed Income) IDFC First Bank Limited CRISIL A1+ 3.03%
Federal Bank Limited CRISIL A1+ 2.28%
Total Experience 22 Years 22.05%
Managing this fund Since Nov 26, 2022 Commercial Paper 49.06%
National Bank for Agriculture & Rural
Minimum Investment1 ICRA A1+ 7.24%
Development
Lumpsum ₹ 5,000 ICICI Securities Limited CRISIL A1+ 5.33% 97.03%

SIP## Please refer page 73 Kotak Securities Limited CRISIL A1+ 4.58%
HDFC Securities Limited ICRA A1+ 4.55%
Additional Purchase ₹ 1,000 Tata Power Renewable Energy Limited CRISIL A1+ 3.80%
AAA and Equivalents SOVEREIGN

Entry Load: “NA” Small Industries Development Bank Alternative Investment Net Current Assets
CARE A1+ 3.41% Funds (AIF)
Exit Load2: Refer table below of India
Bajaj Finance Limited CRISIL A1+ 2.30%
Following Exit Load shall be applicable if Sikka Ports & Terminals Limited (Mukesh
switched out/redeemed within 7 Calendar Days. CRISIL A1+ 2.29%
Ambani Group)
Exit Load as a Tata Capital Limited CRISIL A1+ 2.28% PRC Matrix
Investor exit
% of redemption PNB Housing Finance Limited CRISIL A1+ 2.27%
uponsubscription Potential Risk Class
proceeds Birla Group Holdings Private Limited ICRA A1+ 1.90%
Day 1 0.0070% Bharti Enterprises Limited CRISIL A1+ 1.52% Credit Risk → Relatively Relatively
Axis Securities Limited CRISIL A1+ 1.52% Moderate
Day 2 0.0065% Low High
SBICAP Securities Limited ICRA A1+ 1.51% Interest Rate (Class B)
Day 3 0.0060% Risk ↓ (Class A) (Class C)
ONGC Petro Additions Limited (Letter of
Day 4 0.0055% comfort from Oil & Natural Gas Corpora- CRISIL A1+ 1.14%
Relatively Low
tion Limited) B-I
Day 5 0.0050% (Class I)
TV18 Broadcast Limited IND A1+ 0.95%
Day 6 0.0045% Network 18 Media & Investments Limited IND A1+ 0.95% Moderate
Day 7 Onwards 0.0000% ICICI Home Finance Company Limited ICRA A1+ 0.76% (Class II)
HDB Financial Services Limited CRISIL A1+ 0.38%
Month End Total Expenses Ratios Relatively High
Pilani Investment and Industries Corpo-
(Annualized)3 CARE A1+ 0.38% (Class III)
ration Limited
Regular4 0.22% Treasury Bills 22.05% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
risk (measured by Macaulay Duration of the scheme) and maximum credit
Direct 0.12% 91 DAYS T-BILL 06JUN24 SOVEREIGN 7.60%
risk (measured by Credit Risk Value of the scheme) the fund manager can
91 DAYS T-BILL 30MAY24 SOVEREIGN 5.71% take in the scheme. PRC matrix classification is done in accordance with
1
in multiples of Re 1 thereafter. 91 DAYS T-BILL 23MAY24 SOVEREIGN 4.57% and subject to the methodology/guidelines prescribed by SEBI to help
2
Effective from Oct 20, 2019 on Prospective basis. 91 DAYS 20JUN24 T-BILL SOVEREIGN 4.17% investors take informed decision based on the maximum interest rate risk
TER Annualized TER including GST on Investment
3
Alternative Investment Funds (AIF) 0.28% and maximum credit risk the fund manager can take in the scheme, as
Management Fees depicted in the PRC matrix.
CDMDF CLASS A2 AIF 0.28%
4
Continuing plans Cash Equivalent -19.36%
5
As per clause 1.9 of the SEBI Master Circular for Mutual TREPS* 0.00%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Net Current Assets: -19.36%
dated May 19, 2023, on ‘Guiding Principles for bringing Total Net Assets as on 31-March-2024 100.00%
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking *TREPS : Tri-Party Repo fully collateralized by G-Sec
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December
2021.
$
YTM is annualized.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Overnight liquidity over short term
Low to High
Moderate • Investment in Money Market Instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be from Low to Moderate risk

34
 HSBC Money Market Fund
Money Market Fund - An open-ended debt scheme investing in money market instruments. A relatively low interest rate risk and
moderate credit risk
Investment Objective: The primary objective of the Scheme is to generate regular income through investment in a portfolio comprising
substantially of money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does
not assure or guarantee any returns.

Fund Details % to Net Quantitative Data

Issuer Rating
Assets
Date of Allotment 10-Aug-05 YTM $
7.63%
Money Market Instruments
Benchmark: NIFTY Money Market Index A-I6 Average Maturity 307.51 Days
Certificate of Deposit 68.32%
NAV (as on 31.03.24)
Axis Bank Limited CRISIL A1+ 6.49% Modified Duration 286.53 Days
Growth ₹ 24.0874
National Bank for Agriculture & Macaulay Duration 307.51 Days
Direct Growth ₹ 25.1931 CRISIL A1+ 6.43%
Rural Development
AUM (as on 31.03.24) ₹ 1100.26 Cr
Canara Bank CRISIL A1+ 6.42%
AAUM (for the month Rating Profile
₹ 1162.33 Cr
of Mar) ICICI Bank Limited CRISIL A1+ 6.41%
Fund Manager & Experience 0.27% - 4.99%
Punjab National Bank Limited ICRA A1+ 6.40%
Kapil Punjabi (Fixed Income) 4.40%
Small Industries Development 6.57%
Total Experience 17 Years CRISIL A1+ 6.40%
Bank of India
Managing this fund Since Nov 26 , 2022
Bank of Baroda IND A1+ 6.39%
Shriram Ramanathan (Fixed Income)
Total Experience 22 Years HDFC Bank Limited IND A1+ 6.37%
Managing this fund Since Mar 21, 2020 Federal Bank Limited CRISIL A1+ 4.27%
Minimum Investment1
Union Bank of India IND A1+ 4.25%
Lumpsum ₹ 5,000
93.75%
IndusInd Bank Limited CRISIL A1+ 4.25%
SIP## Please refer page 73
Additional Purchase ₹ 1,000 Indian Bank CRISIL A1+ 4.24% AAA and Equivalents SOVEREIGN

Entry Load: “NA” Commercial Paper 25.43% Reverse Repos/ TREPS Alternative Investment
Funds (AIF)
Exit Load : 2
Nil LIC Housing Finance Limited CRISIL A1+ 6.36% Net Current Assets

Month End Total Expenses Ratios Panatone Finvest Limited CRISIL A1+ 4.27%
(Annualized)3 PRC Matrix
ICICI Securities Limited CRISIL A1+ 4.24%
Regular4 0.57% Potential Risk Class
Direct 0.25% Tata Motors Finance Limited CARE A1+ 4.22%
Credit Risk → Relatively Relatively
Bharti Telecom Limited CRISIL A1+ 4.22% Moderate
Interest Rate Low High
1
in multiples of Re 1 thereafter. Kotak Mahindra Prime Limited CRISIL A1+ 2.12% (Class B)
Risk ↓ (Class A) (Class C)
2
Effective from Oct 20, 2019 on Prospective
Treasury Bills 6.57% Relatively Low
basis. B-I
(Class I)
3
TER Annualized TER including GST on 182 DAYS T-BILL 29AUG24 SOVEREIGN 4.42%
Investment Management Fees Moderate
364 DAYS T-BILL - 23JAN2025 SOVEREIGN 2.15%
4
Continuing plans (Class II)
Alternative Investment Funds
5
As per clause 1.9 of the SEBI Master Circular 0.27% Relatively High
(AIF)
for Mutual Funds no. SEBI/HO/IMD/IMD- (Class III)
PoD-1/P/CIR/2023/74 dated May 19, 2023, CDMDF CLASS A2 AIF 0.27% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
on ‘Guiding Principles for bringing uniformity risk (measured by Macaulay Duration of the scheme) and maximum credit
Cash Equivalent -0.59%
in Benchmarks of Mutual Fund Schemes’ risk (measured by Credit Risk Value of the scheme) the fund manager can
has introduced two-tiered structure for TREPS* 4.40% take in the scheme. PRC matrix classification is done in accordance with
and subject to the methodology/guidelines prescribed by SEBI to help
benchmarking of certain categories of schemes.
Net Current Assets: -4.99% investors take informed decision based on the maximum interest rate risk
Accordingly, the benchmark has been classified and maximum credit risk the fund manager can take in the scheme, as
as Tier 1 benchmark. Furthermore, the same is Total Net Assets as on depicted in the PRC matrix.
effective from 01 December 2021. 100.00%
31-March-2024
$
YTM is annualized. *TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of regular income over short to medium term
Low to High
Moderate • Investment in money market instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be from Low to Moderate risk

35
 HSBC Low Duration Fund
Low Duration 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. A relatively low interest rate risk and moderate credit risk.
Investment Objective: To provide liquidity and reasonable returns by investing primarily in a mix of short term 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.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 04-Dec-10 Corporate Bonds / YTM $

7.93%
50.94%
Debentures
Benchmark: NIFTY Low Duration Debt Index Average Maturity 20.04 Months
Power Finance Corporation
A-I 5 CRISIL AAA 5.91%
Limited
NAV (as on 31.03.24) REC Limited CRISIL AAA 5.83% Modified Duration 10.2 Months

Growth ₹ 25.8239 Bharti Telecom Limited CRISIL AA+ 5.83% Macaulay Duration^ 10.99 Months
Direct Growth ₹ 27.0859 Small Industries Development
CRISIL AAA 5.76%
Bank of India
AUM (as on 31.03.24) ₹ 439.17 Cr ONGC Petro Additions Limited Rating Profile
AAUM (for the month (Letter of comfort from Oil ICRA AAA
₹ 459.16 Cr 5.75% 2.54% -1.73%
of Mar) & Natural Gas Corporation (CE)
Limited) 5.83%
Fund Manager & Experience
Jamnagar Utilities and Power 10.43%
Shriram Ramanathan (Fixed Income) Pvt Limited (Mukesh Ambani CRISIL AAA 5.69%
Total Experience 22 Years Group) 0.30%
Managing this fund Since Nov 24, 2012 National Bank for Agriculture &
CRISIL AAA 5.63% 10.54%
Rural Development
Mohd Asif Rizwi (Fixed Income)
DLF Cyber City Developers
Total Experience 14.5 Years CRISIL AA+ 3.46%
Limited
Managing this fund Since Jan 16, 2024 Hinduja Leyland Finance
CRISIL AA 3.07% 72.09%
Minimum Investment1 Limited
Phoenix ARC Limited (Kotak
Lumpsum ₹ 5,000 CRISIL AA 2.87% AAA and Equivalents AA & Equivalent SOVEREIGN
Group Entity)
SIP## Please refer page 73 TMF Holdings Limited CRISIL AA 1.14% AA+ and Equivalents Reverse Repos/ TREPS
Additional Purchase ₹ 1,000 Money Market Instruments Alternative Investment Net Current Assets
Entry Load: “NA” Certificate of Deposit 30.98%
Funds (AIF)

Exit Load: NIL ICICI Bank Limited CRISIL A1+ 5.36% PRC Matrix
Month End Total Expenses Ratios Canara Bank CRISIL A1+ 5.36%
(Annualized)2 Potential Risk Class
Kotak Mahindra Bank Limited CRISIL A1+ 5.35%
Regular 3
0.64% Credit Risk →
Bank of Baroda IND A1+ 5.34% Relatively Relatively
Direct 0.25% Moderate
Interest Rate Low High
HDFC Bank Limited IND A1+ 5.32% (Class B)
Risk ↓ (Class A) (Class C)
^The Macaulay duration is the weighted
Punjab National Bank Limited IND A1+ 4.25%
average term to maturity of the cash flows
Commercial Paper 5.56% Relatively Low
from a bond. The weight of each cash flow is B-I
(Class I)
determined by dividing the present value of the Panatone Finvest Limited CRISIL A1+ 5.56%
cash flow by the price. Moderate
Government Securities 10.43%
1
in multiples of Re 1 thereafter. (Class II)
GOI FRB - 22SEP33 SOVEREIGN 8.12%
2
TER Annualized TER including GST on Relatively High
7.38% GOI 20JUN2027 SOVEREIGN 1.17%
Investment Management Fees (Class III)
5.63% GOI 12APR2026 SOVEREIGN 1.14%
3
Continuing plans Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Zero Coupon Bond 0.98% risk (measured by Macaulay Duration of the scheme) and maximum credit
4
As per clause 1.9 of the SEBI Master Circular
Andhra Pradesh Expressway risk (measured by Credit Risk Value of the scheme) the fund manager can
for Mutual Funds no. SEBI/HO/IMD/IMD- IND AAA 0.98% take in the scheme. PRC matrix classification is done in accordance with
PoD-1/P/CIR/2023/74 dated May 19, 2023, Limited
and subject to the methodology/guidelines prescribed by SEBI to help
on ‘Guiding Principles for bringing uniformity Alternative Investment Funds investors take informed decision based on the maximum interest rate risk
0.30%
in Benchmarks of Mutual Fund Schemes’ (AIF) and maximum credit risk the fund manager can take in the scheme, as
has introduced two-tiered structure for CDMDF CLASS A2 AIF 0.30% depicted in the PRC matrix.
benchmarking of certain categories of schemes. Cash Equivalent 0.81%
Accordingly, the benchmark has been classified
TREPS* 2.54%
as Tier 1 benchmark. Furthermore, the same is
effective from 01 December 2021. Net Current Assets: -1.73%
$
YTM is annualized. Total Net Assets as on
100.00%
31-March-2024
*TREPS : Tri-Party Repo fully collateralized by G-Sec
*Portfolio has 0% exposure to Interest Rate Swaps

This product is suitable for investors who are seeking*:

Moderate Moderately
High
• Liquidity over short term
Low to High • Investment in Debt / Money Market Instruments such that the Macaulay duration of the portfolio is between 6 months to 12
Moderate
months
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Low Very High

RISKOMETER Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be from Low to Moderate risk

36
 HSBC Ultra Short Duration Fund
Ultra Short Duration Fund - An Open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the
portfolio is between 3 months to 6 months. A relatively low interest rate risk and moderate credit risk.
Investment Objective: To provide liquidity and generate reasonable returns with low volatility through investment in a portfolio comprising
of debt & money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 29-Jan-20 Corporate Bonds / Debentures 23.57% YTM $

7.62%
Benchmark: NIFTY Ultra Short Duration Debt Power Finance Corporation
CRISIL AAA 6.19% Average Maturity 5.69 Months
Index A-I 5 Limited
National Bank for Agriculture & Modified Duration 5.28 Months
NAV (as on 31.03.24) CRISIL AAA 4.71%
Rural Development
Growth ₹ 1,237.0972 CRISIL AAA / Macaulay Duration 5.66 Months
LIC Housing Finance Limited 5.19%
Direct Growth ₹ 1,250.5650 CARE AAA
AUM (as on 31.03.24) ₹ 2100.02 Cr Larsen & Toubro Limited CRISIL AAA 3.02%
Rating Profile
AAUM (for the month Rec Limited CRISIL AAA 3.20%
₹ 2118.18 Cr
of Mar) HDFC Bank Limited CRISIL AAA 1.26% 3.15% 0.29%
Fund Manager & Experience 10.19%
Money Market Instruments
Mahesh Chhabria (Fixed Income)
Certificate of Deposit 42.04%
Total Experience 12 Years - 0.05%
Managing this fund Since Nov 26, 2022 Axis Bank Limited CRISIL A1+ 8.08%
Jalpan Shah (Fixed Income) Bank of Baroda IND A1+ 6.81%
Total Experience 17 Years Canara Bank CRISIL A1+ 6.64%
Managing this fund Since Nov 26, 2022 Small Industries Development CRISIL A1+ /
6.92% 86.42%
Minimum Investment1 Bank of India CARE A1+
Lumpsum ₹ 5,000 IND A1+ / SOVEREIGN
HDFC Bank Limited 6.83% AAA and Equivalents
SIP## Please refer page 73 CARE A1+
Reverse Repos/ TREPS Alternative Investment Funds (AIF)
Additional Purchase ₹ 1,000 ICRA A1+ /
ICICI Bank Limited 4.52%
CRISIL A1+ Net Current Assets
Entry Load: “NA”
Kotak Mahindra Bank Limited CRISIL A1+ 2.24%
Exit Load2: NIL
Commercial Paper 20.81%
Month End Total Expenses Ratios PRC Matrix
(Annualized)2 SBICAP Securities Limited ICRA A1+ 4.71%
Potential Risk Class
Regular3 0.48% Panatone Finvest Limited CRISIL A1+ 4.48%
Direct 0.22% Bajaj Finance Limited CRISIL A1+ 2.37% Credit Risk → Relatively Relatively
Moderate
HDFC Securities Limited ICRA A1+ 2.35% Interest Rate Low High
1
in multiples of Re 1 thereafter. (Class B)
Risk ↓ (Class A) (Class C)
2
TER Annualized TER including GST on LIC Housing Finance Limited CRISIL A1+ 2.34%
Investment Management Fees Relatively Low
Bajaj Housing Finance Limited CRISIL A1+ 2.34% B-I
3
Continuing plans (Class I)
ICICI Securities Limited CRISIL A1+ 2.22%
4
As per clause 1.9 of the SEBI Master Circular Moderate
for Mutual Funds no. SEBI/HO/IMD/IMD- Government Securities 4.41%
(Class II)
PoD-1/P/CIR/2023/74 dated May 19, 2023, 7.35% GOI 22JUN24 SOVEREIGN 2.43%
on ‘Guiding Principles for bringing uniformity Relatively High
8.44% MAHARASHTRA
in Benchmarks of Mutual Fund Schemes’ SOVEREIGN 1.98% (Class III)
26NOV2024 SDL
has introduced two-tiered structure for
benchmarking of certain categories of schemes. Treasury Bills 5.78%
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Accordingly, the benchmark has been classified 182 DAYS T-BILL 12Sep24 SOVEREIGN 4.62% risk (measured by Macaulay Duration of the scheme) and maximum credit
as Tier 1 benchmark. Furthermore, the same is risk (measured by Credit Risk Value of the scheme) the fund manager can
182 DAYS 05SEP24 T-BILL SOVEREIGN 1.16%
effective from 01 December 2021. take in the scheme. PRC matrix classification is done in accordance with
Alternative Investment Funds and subject to the methodology/guidelines prescribed by SEBI to help
$
YTM is annualized. 0.29% investors take informed decision based on the maximum interest rate risk
(AIF)
and maximum credit risk the fund manager can take in the scheme, as
CDMDF CLASS A2 AIF 0.29% depicted in the PRC matrix.
Cash Equivalent 3.10%
TREPS* 3.15%
Net Current Assets: -0.05%
Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Moderate Moderately
High
• Income over short term with low volatility.
Low to High • Investment in debt & money market instruments such that the Macaulay Duration of the portfolio is between 3 months- 6
Moderate
months.^
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be from Low to Moderate risk

37
 HSBC Short Duration Fund
Short Duration Fund - 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. A moderate interest rate risk and moderate credit risk.
Investment Objective: To provide a 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.

Fund Details Issuer Rating % to Net Assets Rating Profile

Corporate Bonds / Debentures 56.00%
Date of Allotment 27-Dec-11 Power Finance Corporation Limited CRISIL AAA 7.32% 1.34% 0.26%
Benchmark: NIFTY Short Duration Debt National Bank for Agriculture & Rural
CRISIL AAA 7.19%
Index A-II (effective September 04, 2023)5 Development
Indian Railway Finance Corporation 42.33%
NAV (as on 31.03.24) CRISIL AAA 6.50%
Limited
0.07%
HDFC Bank Limited CRISIL AAA 5.50%
Growth ₹ 23.9400
Small Industries Development Bank CRISIL AAA /
8.02%
Direct Growth ₹ 25.2314 of India ICRA AAA
Bajaj Finance Limited CRISIL AAA 4.25%
AUM (as on 31.03.24) ₹ 3600.48 Cr
CARE AAA /
Rec Limited 5.81%
AAUM (for the month CRISIL AAA
₹ 3584.32 Cr 56.00%
of Mar) National Housing Bank CRISIL AAA 2.93%
LIC Housing Finance Limited CRISIL AAA 2.85%
Fund Manager & Experience AAA and Equivalents SOVEREIGN
Jamnagar Utilities and Power Pvt
CRISIL AAA 2.78%
Jalpan Shah (Fixed Income) Limited (Mukesh Ambani Group)
Reverse Repos/ TREPS Alternative Investment
Kotak Mahindra Prime Limited CRISIL AAA 2.57%
Total Experience 17 Years Funds (AIF)
Bajaj Housing Finance Limited CRISIL AAA 0.28% Net Current Assets
Managing this fund Since May 30, 2016
Government Securities 42.33%
Mohd Asif Rizwi (Fixed Income) 7.06% GOI 10APR28 SOVEREIGN 15.79%
Total Experience 14.5 Years 7.37% GOI 23OCT2028 SOVEREIGN 10.59% PRC Matrix^^
Managing this fund Since Jan 16, 2024 7.10% GOI 18APR29 SOVEREIGN 10.05%
7.38% GOI 20JUN2027 SOVEREIGN 5.72% Potential Risk Class
Minimum Investment1 8.50% JAMMU & KASHMIR
30MAR2025 SDL
SOVEREIGN 0.14% Credit Risk → Relatively Relatively
Lumpsum ₹ 5,000 Moderate
7.72% GOI 25MAY25 SOVEREIGN 0.04%
Interest Rate Low High
SIP## Please refer page 73 (Class B)
Alternative Investment Funds
0.26% Risk ↓ (Class A) (Class C)
Additional Purchase ₹ 1,000 (AIF)
CDMDF CLASS A2 AIF 0.26% Relatively Low
Entry Load: “NA” Cash Equivalent 1.41% (Class I)
Exit Load: NIL TREPS* 1.34%
Net Current Assets: 0.07% Moderate
Month End Total Expenses Ratios A-II
Total Net Assets as on 31-March-2024 100.00% (Class II)
(Annualized)2 *TREPS : Tri-Party Repo fully collateralized by G-Sec;
Regular3 0.75% **Portfolio has 0.01% exposure to Interest Rate Swaps Relatively High
(Class III)
Direct 0.27%
Quantitative Data Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
^The Macaulay duration is the weighted average term risk (measured by Macaulay Duration of the scheme) and maximum credit
to maturity of the cash flows from a bond. The weight risk (measured by Credit Risk Value of the scheme) the fund manager can
YTM$ 7.49%
of each cash flow is determined by dividing the present take in the scheme. PRC matrix classification is done in accordance with
value of the cash flow by the price. and subject to the methodology/guidelines prescribed by SEBI to help
Average Maturity 3.18 Years investors take informed decision based on the maximum interest rate risk
1
in multiples of Re 1 thereafter. and maximum credit risk the fund manager can take in the scheme, as
TER Annualized TER including GST on Investment
2 Modified Duration 2.66 Years depicted in the PRC matrix.
Management Fees
3
Continuing plans Macaulay Duration^ 2.8 Years
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December
2021.
5
Fund’s benchmark has changed effective September
04, 2023.
$
YTM is annualized.
^^Effective September 04, 2023, the PRC Matrix has
been changed from B-II to A-II

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of regular returns over short term
Low to High
Moderate • Investment in fixed income securities of shorter term maturity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

38
 HSBC Medium Duration Fund
Medium Duration Fund - An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the
portfolio is between 3 years to 4 years. A relatively high interest rate risk and moderate credit risk.

Investment Objective: To seek to generate income by investing primarily in debt and money market securities. There is no assurance
that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Corporate Bonds / Debentures 46.67% YTM $
7.86%
Date of Allotment 02-Feb-15
National Bank for Agriculture & Rural
Benchmark: NIFTY Medium Duration Debt Development
CRISIL AAA 6.14%
Average Maturity 5.4 Years
Index A-III5
Rec Limited CRISIL AAA 6.14%
NAV (as on 31.03.24) Modified Duration 3.79 Years
ONGC Petro Additions Limited
(Letter of comfort from Oil & Natural ICRA AAA (CE) 4.10%
Growth ₹ 18.4203 Gas Corporation Limited) Macaulay Duration^ 3.96 Years
Direct Growth ₹ 19.9273 Power Finance Corporation Limited CRISIL AAA 3.42%
AUM (as on 31.03.24) ₹ 820.68 Cr Hinduja Leyland Finance Limited CRISIL AA 3.42% Rating Profile
AAUM (for the month Bharti Telecom Limited CRISIL AA+ 3.12%
₹ 820.62 Cr
of Mar) Aadhar Housing Finance Limited IND AA 2.61% 1.02% 0.34%

Fund Manager & Experience Jm Financial Services Limited CRISIL AA 2.50% 4.87%

Shriram Ramanathan (Fixed Income) PNB Housing Finance Limited ICRA AA+ 2.45% 16.25%
Total Experience 22 Years Oriental Nagpur Betul Highway
CRISIL AAA 2.42% 0.21%
Limited (Nhai Annuity Receivables)
Managing this fund Since Feb 02, 2015
Patel Knr Heavy Infrastructures
Kapil Punjabi (Fixed Income) Limited (Nhai Annuity Receivables)
CARE AA+ 1.75%
Total Experience 17 Years Yarrow Infrastructure Pvt Limited
Managing this fund Since Nov 26,2022 (Vector green co-obligor structure- IND AAA (CE) 1.60% 44.11%
Sembcorp/Temasek owned) 33.20%
Minimum Investment1
Phoenix ARC Limited (Kotak Group
Lumpsum ₹ 5,000 Entity)
CRISIL AA 1.54%
SOVEREIGN AAA and Equivalents
SIP## Please refer page 73 TVS Credit Services Limited CRISIL AA 1.27% AA & Equivalent AA+ and equivalents
Additional Purchase ₹ 1,000 DLF Cyber City Developers Limited CRISIL AA+ 1.24%
Reverse Repos/ TREPS Net Current Assets
Entry Load: “NA” TMF Holdings Limited CRISIL AA 1.22%
Alternative Investment
Exit Load: NIL Vector Green Prayagraj Solar Pvt Funds (AIF)
Limited (Vector green co-obligor
Month End Total Expenses Ratios IND AAA (CE) 0.59%
structure- Sembcorp/Temasek
(Annualized)2 owned)
Regular3 1.10% Malwa Solar Power Generation Pvt PRC Matrix
Limited (Vector green co-obligor
Direct 0.40% IND AAA (CE) 0.50%
structure- Sembcorp/Temasek Potential Risk Class
owned)
^The Macaulay duration is the weighted average term Credit Risk →
to maturity of the cash flows from a bond. The weight Sepset Constructions Pvt Limited Relatively Relatively
Moderate
of each cash flow is determined by dividing the present (Vector green co-obligor structure- IND AAA (CE) 0.49%
Interest Rate Low High
Sembcorp/Temasek owned) (Class B)
value of the cash flow by the price.
Risk ↓ (Class A) (Class C)
1
in multiples of Re 1 thereafter. Priapus Infrastructure Pvt Limited
(Vector green co-obligor structure- IND AAA (CE) 0.08% Relatively Low
TER Annualized TER including GST on Investment
2
Sembcorp/Temasek owned)
Management Fees (Class I)
Citra Real Estate Limited (Vector
3
Continuing plans green co-obligor structure- IND AAA (CE) 0.07% Moderate
4
As per clause 1.9 of the SEBI Master Circular for Mutual Sembcorp/Temasek owned) (Class II)
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
dated May 19, 2023, on ‘Guiding Principles for bringing
Securitised Debt Amort 7.65% Relatively High
B-III
uniformity in Benchmarks of Mutual Fund Schemes’ First Business Receivables Trust (Class III)
has introduced two-tiered structure for benchmarking ( Backed by receivables from
of certain categories of schemes. Accordingly, the CRISIL AAA(SO) 5.39% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Reliance Industries, Reliance Retail,
benchmark has been classified as Tier 1 benchmark. risk (measured by Macaulay Duration of the scheme) and maximum credit
Reliance Jio)
Furthermore, the same is effective from 01 December risk (measured by Credit Risk Value of the scheme) the fund manager can
2021. Sansar Trust IX (PTC of pools from take in the scheme. PRC matrix classification is done in accordance with
CRISIL AAA(SO) 2.26%
Shriram Finance Limited) and subject to the methodology/guidelines prescribed by SEBI to help
$
YTM is annualized. investors take informed decision based on the maximum interest rate risk
Government Securities 44.11% and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
7.18% GOI 14AUG2033 GSEC SOVEREIGN 19.85%
7.18% GOI 24-Jul-2037 SOVEREIGN 14.31%
7.26% GOI 06FEB33 SOVEREIGN 6.85%
7.26% GOI 22AUG2032 SOVEREIGN 3.10%
Alternative Investment Funds
0.21%
(AIF)
CDMDF CLASS A2 AIF 0.21%
Cash Equivalent 1.36%
TREPS* 1.02%
Net Current Assets: 0.34%
Total Net Assets as on
100.00%
31-March-2024
*TREPS : Tri-Party Repo fully collateralized by G-Sec
*Portfolio has -0.01% exposure to Interest Rate Swaps

This product is suitable for investors who are seeking*:

Moderate Moderately

Low to
High
• Generation of income over medium term
High
Moderate
• Investment primarily in debt and money market securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

39
 HSBC Medium to Long Duration Fund
Medium to Long Duration Fund - 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. A relatively high interest rate risk and moderate credit risk.
Investment Objective: To provide a 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.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 10-Dec-02 Corporate Bonds / YTM $

7.27%
5.80%
Debentures
Benchmark: NIFTY Medium to Long Dura- Average Maturity 9.66 Years
tion Debt Index A-III (effective September 04, HDFC Bank Limited CRISIL AAA 5.80%
2023) 5 Modified Duration 6.53 Years
Government Securities 88.76%
NAV (as on 31.03.24)
7.18% GOI 24-Jul-2037 SOVEREIGN 33.04% Macaulay Duration^ 6.78 Years
Growth ₹ 38.4348
7.18% GOI 14AUG2033 GSEC SOVEREIGN 21.96%
Direct Growth ₹ 42.2627
7.70% MAHARASHTRA Rating Profile
AUM (as on 31.03.24) ₹ 46.36 Cr SOVEREIGN 11.32%
15Nov2033 SDL
AAUM (for the month 5.42% 0.26%
₹ 46.14 Cr 7.32% GOI BOND 13NOV2030 SOVEREIGN 11.23%
of Mar)
5.80%
Fund Manager & Experience 7.76% MAHARASHTRA
SOVEREIGN 5.70%
Kapil Punjabi (Fixed Income) 04Oct2030 SDL
Total Experience 17 Years 7.26% GOI 06FEB33 SOVEREIGN 5.51% -0.24%
Managing this fund Since Jul, 15 2023
Alternative Investment Funds
Shriram Ramanathan (Fixed Income) 0.26%
(AIF)
Total Experience 22 Years CDMDF CLASS A2 AIF 0.26%
Managing this fund Since Nov, 26 2022
Cash Equivalent 5.18% 88.76%
Minimum Investment 1

Lumpsum ₹ 5,000 TREPS* 5.42%

SOVEREIGN AAA and Equivalents
SIP## Please refer page 73 Net Current Assets: -0.24%
Reverse Repos/ TREPS Alternative Investment
Additional Purchase ₹ 1,000 Total Net Assets as on 31-March-2024 100.00% Funds (AIF)
Net Current Assets
Entry Load: “NA” *TREPS : Tri-Party Repo fully collateralized by G-Sec
Exit Load: NIL
Month End Total Expenses Ratios PRC Matrix^^
(Annualized)2
Potential Risk Class
Regular3 1.87%
Direct 0.64% Credit Risk → Relatively Relatively
Moderate
Interest Rate Low High
^The Macaulay duration is the weighted average term (Class B)
to maturity of the cash flows from a bond. The weight Risk ↓ (Class A) (Class C)
of each cash flow is determined by dividing the present
value of the cash flow by the price. Relatively Low
1
in multiples of Re 1 thereafter. (Class I)
TER Annualized TER including GST on Investment
2
Moderate
Management Fees (Class II)
3
Continuing plans
Relatively High
4
As per clause 1.9 of the SEBI Master Circular for Mutual A-III
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
(Class III)
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
has introduced two-tiered structure for benchmarking risk (measured by Macaulay Duration of the scheme) and maximum credit
risk (measured by Credit Risk Value of the scheme) the fund manager can
of certain categories of schemes. Accordingly, the
take in the scheme. PRC matrix classification is done in accordance with
benchmark has been classified as Tier 1 benchmark.
and subject to the methodology/guidelines prescribed by SEBI to help
Furthermore, the same is effective from 01 December
investors take informed decision based on the maximum interest rate risk
2021.
and maximum credit risk the fund manager can take in the scheme, as
5
Fund’s benchmark has changed effective September depicted in the PRC matrix.
04, 2023.
$
YTM is annualized.
^^ Effective September 04, 2023, the PRC Matrix has
been changed from B-III to A-III

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Regular income over medium to long term
Low to High
Moderate • Investment in diversified portfolio of fixed income securities such that the Macaulay duration of the portfolio is between 4
year to 7 years
Very High
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low

RISKOMETER

Investors understand that their principal Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

40
 HSBC Dynamic Bond Fund
Dynamic Bond Fund - An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and relatively
low credit risk.
Investment Objective: 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.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 27-Sep-10 Corporate Bonds / Debentures 20.54% YTM$ 7.29%
Benchmark: NIFTY Composite Debt Index National Bank for Agriculture &
CRISIL AAA 9.21% Average Maturity 9.25 Years
A-III 5 Rural Development
HDFC Bank Limited CRISIL AAA 8.12% Modified Duration 6.38 Years
NAV (as on 31.03.24)
LIC Housing Finance Limited CRISIL AAA 3.21% Macaulay Duration^ 6.65 Years
Growth ₹ 26.7655
Government Securities 77.04%
Direct Growth ₹ 28.7848
7.18% GOI 14AUG2033 GSEC SOVEREIGN 49.25% Rating Profile
AUM (as on 31.03.24) ₹ 165.35 Cr
7.18% GOI 24-Jul-2037 SOVEREIGN 21.61%
AAUM (for the month 2.15% 0.33%
₹ 167.47 Cr 7.26% GOI 06FEB33 SOVEREIGN 6.18%
of Mar)
Alternative Investment Funds 20.54%
Fund Manager & Experience 0.33%
(AIF)
Jalpan Shah (Fixed Income)
CDMDF CLASS A2 AIF 0.33% - 0.06%
Total Experience 17 Years
Managing this fund Since May 30, 2016 Cash Equivalent 2.09%
Shriram Ramanathan (Fixed Income) TREPS* 2.15%
Total Experience 22 Years Net Current Assets: -0.06%
Managing this fund Since Feb 02, 2015 Total Net Assets as on 31-March-2024 100.00% 77.04%
Minimum Investment1 *TREPS : Tri-Party Repo fully collateralized by G-Sec
Lumpsum ₹ 5,000 SOVEREIGN AAA and Equivalents

SIP## Please refer page 73 Reverse Repos/ TREPS Alternative Investment

Funds (AIF)
Additional Purchase ₹ 1,000 Net Current Assets
Entry Load: “NA”
Exit Load: NIL
Month End Total Expenses Ratios PRC Matrix
(Annualized)2
Potential Risk Class
Regular3 0.78%
Credit Risk → Relatively Relatively
Direct 0.20% Moderate
Interest Rate Low High
^The Macaulay duration is the weighted average term (Class B)
Risk ↓ (Class A) (Class C)
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. Relatively Low
(Class I)
1
in multiples of Re 1 thereafter.
TER Annualized TER including GST on Investment
2 Moderate
Management Fees (Class II)
3
Continuing plans
Relatively High
As per clause 1.9 of the SEBI Master Circular for Mutual A-III
4
(Class III)
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
dated May 19, 2023, on ‘Guiding Principles for bringing Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
uniformity in Benchmarks of Mutual Fund Schemes’ risk (measured by Macaulay Duration of the scheme) and maximum credit
has introduced two-tiered structure for benchmarking risk (measured by Credit Risk Value of the scheme) the fund manager can
of certain categories of schemes. Accordingly, the take in the scheme. PRC matrix classification is done in accordance with
benchmark has been classified as Tier 1 benchmark. and subject to the methodology/guidelines prescribed by SEBI to help
Furthermore, the same is effective from 01 December investors take informed decision based on the maximum interest rate risk
2021. and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
$
YTM is annualized.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of reasonable returns over medium to long term
Low to High
Moderate • Investment in fixed income securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

41
 HSBC Corporate Bond Fund
Corporate Bond Fund - An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high
interest rate risk and relatively low credit risk.
Investment Objective: To generate regular return by investing predominantly in AA+ and above rated debt and money market instruments.
There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 31-Mar-97 Corporate Bonds / YTM$ 7.46%
80.23%
Debentures
Benchmark: NIFTY Corporate Bond Index Average Maturity 4.69 Years
A-II5 National Highways Authority
CRISIL AAA 9.92%
of India
NAV (as on 31.03.24) Modified Duration 3.73 Years
NTPC Limited CRISIL AAA 8.58%
Growth ₹ 65.9926 Indian Railway Finance Macaulay Duration 3.95 Years
CRISIL AAA 8.28%
Direct Growth ₹ 69.9990 Corporation Limited
AUM (as on 31.03.24) ₹ 6100.72 Cr HDFC Bank Limited CRISIL AAA 7.60%
Rating Profile
AAUM (for the month Power Grid Corporation of
₹ 6125.27 Cr CRISIL AAA 7.46%
of Mar) India Limited 1.44% 0.30%

Fund Manager & Experience National Bank for Agriculture & ICRA AAA /
9.32%
Rural Development CRISIL AAA 17.96%
Jalpan Shah (Fixed Income)
Rec Limited CRISIL AAA 5.24%
Total Experience 17 Years 0.07%
Managing this fund Since April 03, 2017 Indian Oil Corporation Limited CRISIL AAA 5.18%
Shriram Ramanathan (Fixed Income) ICICI Bank Limited CARE AAA 4.86%
Total Experience 22 Years Housing and Urban
CARE AAA /
Managing this fund Since June 30, 2014 Development Corporation 5.25%
ICRA AAA
Limited
Minimum Investment 1
80.23%
Export Import Bank of India CRISIL AAA 2.65%
Lumpsum ₹ 5,000
Power Finance Corporation AAA and Equivalents SOVEREIGN
SIP## Please refer page 73 CRISIL AAA 2.51%
Limited Reverse Repos/ TREPS Alternative Investment
Additional Purchase ₹ 1,000 Kotak Mahindra Bank Limited CRISIL AAA 1.68% Funds (AIF)
Net Current Assets
Entry Load: “NA” Nuclear Power Corporation Of
CRISIL AAA 1.01%
Exit Load2: • If the amount sought to be India Limited
redeemed or switched out on or before 3 Food Corporation of India CRISIL AAA PRC Matrix
months from the date of allotment: 0.50%. 0.51%
Limited (CE)
• If the amount sought to be redeemed or Potential Risk Class
switched out is invested for a period of more NHPC Limited CARE AAA 0.18%
than 3 months from the date of allotment: Nil Government Securities 17.96% Credit Risk → Relatively Relatively
Moderate
Month End Total Expenses Ratios Interest Rate Low High
7.38% GOI 20JUN2027 SOVEREIGN 8.02% (Class B)
(Annualized)2 Risk ↓ (Class A) (Class C)
7.06% GOI 10APR28 SOVEREIGN 3.81%
Regular3 0.64% Relatively Low
7.17% GOI 08JAN28 SOVEREIGN 3.30%
Direct 0.30% (Class I)
7.26% GS 2029 SOVEREIGN 1.09%
1
in multiples of Re 1 thereafter. 6.79% GOI 15MAY2027 SOVEREIGN 0.92% Moderate
TER Annualized TER including GST on Investment
2 (Class II)
6.47% MAHARASHTRA
Management Fees SOVEREIGN 0.82%
21OCT2028 SDL Relatively High
3
Continuing plans A-III
Alternative Investment Funds (Class III)
4
As per clause 1.9 of the SEBI Master Circular for Mutual 0.30%
(AIF) Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
dated May 19, 2023, on ‘Guiding Principles for bringing CDMDF CLASS A2 AIF 0.30% risk (measured by Macaulay Duration of the scheme) and maximum credit
uniformity in Benchmarks of Mutual Fund Schemes’ risk (measured by Credit Risk Value of the scheme) the fund manager can
has introduced two-tiered structure for benchmarking
Cash Equivalent 1.51% take in the scheme. PRC matrix classification is done in accordance with
and subject to the methodology/guidelines prescribed by SEBI to help
of certain categories of schemes. Accordingly, the TREPS* 1.44% investors take informed decision based on the maximum interest rate risk
benchmark has been classified as Tier 1 benchmark.
Net Current Assets: 0.07% and maximum credit risk the fund manager can take in the scheme, as
Furthermore, the same is effective from 01 December
depicted in the PRC matrix.
2021. Total Net Assets as on 31-March-2024 100.00%
$
YTM is annualized.
*TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of regular and stable income over medium to long term
Low to High
Moderate • Investment predominantly in AA+ and above rated corporate bonds and money market instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

42
 HSBC Banking and PSU Debt Fund
Banking and PSU Fund - An open-ended debt scheme primarily investing in debt instruments of banks, public sector undertakings, public
financial institutions and municipal bonds. A relatively high interest rate risk and relatively low credit.
Investment Objective: To generate reasonable returns by primarily investing in debt and money market securities that are issued by
Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. There is no assurance that the objective of the
Scheme will be realised and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 12-Sep-12 Corporate Bonds / Debentures 76.67% YTM$ 7.51%
Benchmark: Nifty Banking & PSU Debt Small Industries Development Bank
ICRA AAA 9.40% Average Maturity 2.00 Years
Index A-II5 of India

NAV (as on 31.03.24) National Bank for Agriculture & Rural

CRISIL AAA 9.22% Modified Duration 1.75 Years
Development
Growth ₹ 22.0337 Macaulay Duration 1.86 Years
NTPC Limited CRISIL AAA 8.79%
Direct Growth ₹ 23.0989
Indian Railway Finance Corporation
AUM (as on 31.03.24) ₹ 4649.66 Cr CRISIL AAA 7.85%
Limited
AAUM (for the month Rating Profile
₹ 4599.72 Cr Power Finance Corporation Limited CRISIL AAA 7.01%
of Mar)
National Housing Bank CRISIL AAA 6.81% 1.48% 0.25%
Fund Manager & Experience
Export Import Bank of India CRISIL AAA 6.26%
Mahesh Chhabria (Fixed Income) 22.23%
Total Experience 12 Years CRISIL AAA /
Rec Limited 7.22%
CARE AAA
Managing this fund Since Nov 26,2022 -0.63%
Jalpan Shah (Fixed Income) ICRA AAA /
Indian Oil Corporation Limited 5.64%
CRISIL AAA
Total Experience 17 Years
Managing this fund Since May 30, 2016 Axis Bank Limited CRISIL AAA 2.17%

Minimum Investment1 HDFC Bank Limited

CARE AAA /
3.12% 76.67%
CRISIL AAA
Lumpsum ₹ 5,000
Power Grid Corporation of India AAA and equivalents SOVEREIGN
SIP## Please refer page 73 Limited
CRISIL AAA 1.92%
Reverse Repos/ TREPS Alternative Investment
Additional Purchase ₹ 1,000
Housing and Urban Development Funds (AIF)
ICRA AAA 1.15%
Entry Load: “NA” Corporation Limited Net Current Assets
Exit Load2: NIL Kotak Mahindra Bank Limited CRISIL AAA 0.11%
Month End Total Expenses Ratios Government Securities 22.23% PRC Matrix
(Annualized)2
7.38% GOI 20JUN2027 SOVEREIGN 8.53% Potential Risk Class
Regular3 0.61%
Direct 0.23%
5.63% GOI 12APR2026 SOVEREIGN 6.35% Credit Risk → Relatively Relatively
Moderate
5.74% GOI 15NOV2026 SOVEREIGN 4.58%
Interest Rate Low High
1
in multiples of Re 1 thereafter. (Class B)
Risk ↓ (Class A) (Class C)
TER Annualized TER including GST on Investment
2 6.99% GOI 17APR26 SOVEREIGN 2.77%
Management Fees
Alternative Investment Funds
0.25%
Relatively Low
3
Continuing plans (AIF) (Class I)
4
As per clause 1.9 of the SEBI Master Circular for Mutual CDMDF CLASS A2 AIF 0.25%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Moderate
dated May 19, 2023, on ‘Guiding Principles for bringing Cash Equivalent 0.85% (Class II)
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking TREPS* 1.48% Relatively High
A-III
of certain categories of schemes. Accordingly, the (Class III)
Net Current Assets: -0.63%
benchmark has been classified as Tier 1 benchmark.
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Furthermore, the same is effective from 01 December Total Net Assets as on 31-March-2024 100.00% risk (measured by Macaulay Duration of the scheme) and maximum credit
2021.
risk (measured by Credit Risk Value of the scheme) the fund manager can
$
YTM is annualized. *TREPS : Tri-Party Repo fully collateralized by G-Sec take in the scheme. PRC matrix classification is done in accordance with
and subject to the methodology/guidelines prescribed by SEBI to help
investors take informed decision based on the maximum interest rate risk
and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of reasonable returns and liquidity over short term.
Low to High
Moderate • Investment predominantly in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions and
municipal corporations in India.
Very High
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low

RISKOMETER

Investors understand that their principal Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
will be from Low to Moderate risk risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.

43
 HSBC Credit Risk Fund
Credit Risk Fund - An open-ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated
corporate bonds). A relatively high interest rate risk and relatively high credit risk.
Investment Objective: To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate
bonds, debt, government securities and money market instruments. There is no assurance that the objective of the Scheme will be realised
and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Rating % to Net Assets Issuer Rating % to Net Assets

Date of Allotment 08-Oct-09 Corporate Bonds / Debentures 70.75% Cash Equivalent 1.79%

Benchmark: NIFTY Credit Risk Bond Index Tata Projects Limited IND AA 4.65% TREPS* 1.96%
B-II5 Nuvoco Vistas Corp Limited CRISIL AA 4.55% Net Current Assets: -0.17%

NAV (as on 31.03.24) Godrej Industries Limited CRISIL AA 4.54% Total Net Assets as on 31-March-2024 100.00%
Small Industries Development Bank *TREPS : Tri-Party Repo fully collateralized by G-Sec
Growth ₹ 26.1986 CRISIL AAA 4.45%
of India
Direct Growth ₹ 28.1175 DLF Cyber City Developers Limited CRISIL AA+ 4.45% Quantitative Data
AUM (as on 31.03.24) ₹ 569.22 Cr Nirma Limited CRISIL AA 4.44%
AAUM (for the month YTM $
8.20%
₹ 568.53 Cr Jm Financial Services Limited CRISIL AA 3.60%
of Mar) Average Maturity 3.18 Years
Hinduja Leyland Finance Limited CRISIL AA 3.55%
Fund Manager & Experience
Phoenix ARC Limited (Kotak Group
Shriram Ramanathan (Fixed Income) CRISIL AA 2.96% Modified Duration 2.19 Years
Entity)
Total Experience 22 Years ONGC Petro Additions Limited
Macaulay Duration 2.31 Years
ICRA AA /
Managing this fund Since Nov 24, 2012 (Letter of comfort from Oil & Natural
CRISIL AA
4.68%
Gas Corporation Limited)
Kapil Punjabi (Fixed Income)
Aadhar Housing Finance Limited
ICRA AA /
4.64% Rating Profile
Total Experience 17 Years IND AA
Managing this fund Since Nov 26, 2022 1.96% 0.25%
JSW Steel Limited CARE AA 2.75%
Minimum Investment1 11.83%
TVS Credit Services Limited CRISIL AA 2.74%
Lumpsum ₹ 5,000
Godrej Housing Finance Limited CRISIL AA 2.73%
SIP## Please refer page 73 - 0.17%
PNB Housing Finance Limited ICRA AA+ 4.42%
Additional Purchase ₹ 1,000
TMF Holdings Limited CRISIL AA 2.64%
Entry Load: “NA” Oriental Nagpur Betul Highway 24.16%
CRISIL AAA 2.37%
Exit Load2: • Units redeemed or switched Limited (Nhai Annuity Receivables)
out are upto 10% of the units purchased or Tata Motors Limited ICRA AA 1.87%
61.97%
switched in (“the limit”) within 2 years from
Tata Housing Development
the date of allotment – Nil Company Limited
CARE AA 1.78%
AA and equivalents SOVEREIGN
• Units redeemed or switched out are over
Yarrow Infrastructure Pvt Limited
and above the limit within 1 year from the (Vector green co-obligor structure- IND AAA (CE) 1.33% AAA and Equivalents Reverse Repos/ TREPS
date of allotment –3%. Sembcorp/Temasek owned)
Alternative Investment Net Current Assets
• Units redeemed or switched on or after 1 Funds (AIF)
Tata power Company Limited CARE AA 0.98%
year upto 2 years from the date of allotment
–2%. Vector Green Prayagraj Solar Pvt
• Units redeemed or switched on or after 2 Limited (Vector green co-obligor
IND AAA (CE) 0.21% PRC Matrix
structure- Sembcorp/Temasek
years from the date of allotment –Nil owned)
Potential Risk Class
Sepset Constructions Pvt Limited
Month End Total Expenses Ratios (Vector green co-obligor structure- IND AAA (CE) 0.18% Credit Risk → Relatively Relatively
(Annualized)2 Sembcorp/Temasek owned) Moderate
Interest Rate Low High
Regular 3
1.68% Malwa Solar Power Generation Pvt (Class B)
Risk ↓ (Class A) (Class C)
Limited (Vector green co-obligor
Direct 0.86% IND AAA (CE) 0.18%
structure- Sembcorp/Temasek
owned) Relatively Low
1
in multiples of Re 1 thereafter.
Citra Real Estate Limited (Vector
(Class I)
TER Annualized TER including GST on Investment
2

Management Fees green co-obligor structure- IND AAA (CE) 0.03% Moderate
Sembcorp/Temasek owned)
3
Continuing plans (Class II)
Priapus Infrastructure Pvt Limited
4
As per clause 1.9 of the SEBI Master Circular for Mutual (Vector green co-obligor structure- IND AAA (CE) 0.03% Relatively High
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 C-III
Sembcorp/Temasek owned) (Class III)
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ Government Securities 24.16% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
has introduced two-tiered structure for benchmarking 7.18% GOI 14AUG2033 GSEC SOVEREIGN 17.88% risk (measured by Macaulay Duration of the scheme) and maximum credit
of certain categories of schemes. Accordingly, the GOI FRB - 22SEP33 SOVEREIGN 3.58% risk (measured by Credit Risk Value of the scheme) the fund manager can
benchmark has been classified as Tier 1 benchmark. take in the scheme. PRC matrix classification is done in accordance with
7.26% GOI 06FEB33 SOVEREIGN 1.80%
Furthermore, the same is effective from 01 December and subject to the methodology/guidelines prescribed by SEBI to help
2021 7.38% GOI 20JUN2027 SOVEREIGN 0.90% investors take informed decision based on the maximum interest rate risk
and maximum credit risk the fund manager can take in the scheme, as
$
YTM is annualized. Zero Coupon Bond 3.05% depicted in the PRC matrix.
Restriction on fresh/additional subscription through
any investment mode such as lumpsum investment, Andhra Pradesh Expressway Limited ICRA AAA 3.05%
switches, etc. and/or fresh enrolment of facilities Alternative Investment Funds
such as SIP, STP facility etc. under HSBC Credit Risk 0.25%
(AIF)
Fund upto a limit of INR 5 lakhs per month per PAN
with effect from November 1, 2023 (effective date), till CDMDF CLASS A2 AIF 0.25%
further notice. Investors are further requested to refer
latest Notice cum addendum in this regard as available
on the website of HSBC Mutual Fund for any update.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of regular returns and capital appreciation over medium to long term
Low to High
Moderate
• Investment in debt instruments (including securitized debt), government and money market securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderately High risk

44
 HSBC Gilt Fund
Gilt Fund - An open-ended debt scheme investing in government securities across maturity. A relatively high interest rate risk and relatively
low credit risk.
Investment Objective: To generate returns from a portfolio from investments in Government Securities. There is no assurance that the
objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

Fund Details Issuer Rating % to Net Assets Quantitative Data

Date of Allotment 29-Mar-00 Government Securities 98.84% YTM$ 7.24%
Benchmark: NIFTY All Duration G-Sec 7.18% GOI 24-Jul-2037 SOVEREIGN 55.40% Average Maturity 11.46 Years
Index5
7.18% GOI 14AUG2033 GSEC SOVEREIGN 30.13%
NAV (as on 31.03.24) Modified Duration 7.54 Years
7.71% MAHARASHTRA
Growth ₹ 60.5942 SOVEREIGN 12.97%
08Nov2033 SDL Macaulay Duration 7.81 Years
Direct Growth ₹ 68.4388 6.19% GOI 16SEP34 SOVEREIGN 0.34%
AUM (as on 31.03.24) ₹ 202.73 Cr
Cash Equivalent 1.16% Rating Profile
AAUM (for the month
₹ 205.23 Cr TREPS* 1.35%
of Mar)
1.35%
Fund Manager & Experience Net Current Assets: -0.19%
Jalpan Shah (Fixed Income) Total Net Assets as on 31-March-2024 100.00%
Total Experience 17 Years *TREPS : Tri-Party Repo fully collateralized by G-Sec
Managing this fund Since May 30, 2016 - 0.19%
Shriram Ramanathan (Fixed Income)
Total Experience 22 Years
Managing this fund Since April 03, 2017
Minimum Investment1
98.84%
Lumpsum ₹ 5,000
SIP ##
Please refer page 73 Reverse Repos/ TREPS
SOVEREIGN
Additional Purchase ₹ 1,000
Net Current Assets
Entry Load: “NA”
Exit Load2: NIL
Month End Total Expenses Ratios PRC Matrix
(Annualized)2
Potential Risk Class
Regular3 1.70%
Direct 0.48% Credit Risk → Relatively Relatively
Moderate
in multiples of Re 1 thereafter. Interest Rate Low High
1
(Class B)
Risk ↓ (Class A) (Class C)
TER Annualized TER including GST on Investment
2

Management Fees
Relatively Low
3
Continuing plans
(Class I)
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Moderate
dated May 19, 2023, on ‘Guiding Principles for bringing (Class II)
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking Relatively High
A-III
of certain categories of schemes. Accordingly, the (Class III)
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
2021 risk (measured by Macaulay Duration of the scheme) and maximum credit
risk (measured by Credit Risk Value of the scheme) the fund manager can
$
YTM is annualized. take in the scheme. PRC matrix classification is done in accordance with
and subject to the methodology/guidelines prescribed by SEBI to help
investors take informed decision based on the maximum interest rate risk
and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Generation of returns over medium to long term
Low to High
Moderate
• Investment in Government Securities
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

45
 HSBC Conservative Hybrid Fund
Conservative Hybrid Fund - An open ended hybrid scheme investing predominantly in debt instruments.
Investment Objective: To seek generation of 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.

Fund Details % to Net

Issuer Rating Quantitative Data
Assets
Date of Allotment 24-Feb-04
EQUITY 24.21% YTM$ 7.26%
Benchmark: NIFTY 50 Hybrid Composite
Larsen & Toubro Limited Construction 2.47%
Debt 15:85 Index5 Average Maturity 8.42 Years
Siemens Limited Electrical Equipment 1.76%
NAV (as on 31.03.24)
Medi Assist Healthcare Services
Insurance 1.49% Modified Duration 5.45 Years
Growth ₹ 53.5337 Limited

Direct Growth ₹ 59.2501 GE TandD India Limited Electrical Equipment 1.35% Macaulay Duration^ 5.65 Years
AUM (as on 31.03.24) ₹ 106.85 Cr KPIT Technologies Limited IT - Software 1.25%
Transformers And Rectifiers (India)
AAUM (for the month Electrical Equipment 1.11%
₹ 107.65 Cr Limited
Industry Allocation
of Mar)
Aditya Vision Limited Retailing 1.05%
Fund Manager & Experience
KEI Industries Limited Industrial Products 1.01% Government Securities 67.61%
Mahesh Chhabria (Fixed Income)
ABB India Limited Electrical Equipment 0.80% Electrical Equipment 7.07%
Total Experience 12 Years Reverse Repos/TREPS 3.72%
TD Power Systems Limited Electrical Equipment 0.79%
Managing this fund Since Jul 15,2023
CG Power and Industrial Solutions Construction 3.63%
Cheenu Gupta (Equity) Limited
Electrical Equipment 0.76%
IT - Software 2.45%
Total Experience 17 Years Persistent Systems Limited IT - Software 0.75% Industrial Products 1.61%
Managing this fund Since Nov 26,2022 Pharmaceuticals &
Mankind Pharma Limited 0.75% Insurance 1.49%
Abhishek Gupta (Equity) Biotechnology
Realty 1.22%
ICICI Bank Limited Banks 0.72%
Total Experience 13 Years Finance 1.13%
Managing this fund Since Apr 1,2024 Safari Industries India Limited Consumer Durables 0.71%
Retailing 1.05%
Lumpsum ₹ 5,000 The Indian Hotels Company Limited Leisure Services 0.70%
Consumer Durables 0.97%
SIP## Please refer page 73 Sobha Limited Realty 0.68% Banks 0.77%
Additional Purchase ₹ 1,000 Cholamandalam Investment &
Finance 0.63% Pharmaceuticals & Biotechnology 0.75%
Finance Company Limited
Entry Load: “NA” Universal Cables Limited Industrial Products 0.60%
Leisure Services 0.70%

Exit Load: Nil Power Mech Projects Limited Construction 0.59%

Aerospace & Defense 0.57%

Month End Total Expenses Ratios Industrial Manufacturing 0.54%

Ahluwalia Contracts (India) Limited Construction 0.57%
(Annualized)2 AIF 0.30%
Bharat Electronics Limited Aerospace & Defense 0.57%
Regular3 2.18% Auto Components 0.26%
Godrej Properties Limited Realty 0.54% Net Current Assets
Direct 1.35% - 0.30%
Kaynes Technology India Ltd Industrial Manufacturing 0.54% Debt Instrument 4.46%
^The Macaulay duration is the weighted average term
to maturity of the cash flows from a bond. The weight Triveni Turbine Limited Electrical Equipment 0.50%
of each cash flow is determined by dividing the present
Sundaram Finance Limited Finance 0.50%
value of the cash flow by the price. Rating Profile
1
in multiples of Re 1 thereafter. Infosys Limited IT - Software 0.45%
TER Annualized TER including GST on Investment
2 Titan Company Limited Consumer Durables 0.26%
5.77%
Management Fees
Schaeffler India Limited Auto Components 0.26%
3
Continuing plans
HDFC Bank Limited Banks 0.05% 8.46%
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 Money Market Instruments
dated May 19, 2023, on ‘Guiding Principles for bringing 9.98%
Certificate of Deposit 4.46%
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking Axis Bank Limited CRISIL A1+ 4.46%
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark. Government Securities 67.61%
Furthermore, the same is effective from 01 December 7.10% GOI 18APR29 SOVEREIGN 14.52%
2021.
7.18% GOI 14AUG2033 GSEC SOVEREIGN 13.34% 75.79%
$
YTM is annualized.
7.71% MAHARASHTRA 08Nov2033
SOVEREIGN 9.85%
SDL
7.18% GOI 24-Jul-2037 SOVEREIGN 9.56% Debt Small Cap Large Cap

7.06% GOI 10APR28 SOVEREIGN 7.74% Mid Cap

7.17% GOI 08JAN28 SOVEREIGN 5.25%
7.30% GOI 19JUN53 SOVEREIGN 4.88%
7.76% MAHARASHTRA 04Oct2030 Rating Profile
SOVEREIGN 2.47%
SDL
Alternative Investment Funds SOVEREIGN
0.30% 67.61%
(AIF)
CDMDF CLASS A2 AIF 0.30% AAA / A1+ and Equivalents 4.46%
Cash Equivalent 3.42%
Reverse Repos/TREPS 3.72%
TREPS* 3.72%
Net Current Assets - 0.30%
Net Current Assets: -0.30%
Total Net Assets as on 31-March-2024 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Investment in fixed income (debt and money market instruments) as well as equity and equity related securities
Low to High
Moderate
• Capital appreciation over medium to long term
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderately High risk

46
 HSBC CRISIL IBX 50-50 Gilt Plus SDL Apr 2028 Index Fund
Index Fund - An open-ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028. Relatively high
interest rate risk and relatively low credit risk
Investment Objective: To provide returns corresponding to the total returns of the securities as represented by the CRISIL IBX 50:50 Gilt
Plus SDL Index - April 2028 before expenses, subject to tracking errors. However, there is no assurance that the investment objective of
the Scheme will be achieved.

Fund Details % to Net

Issuer Rating Quantitative Data
Assets
Date of Allotment 31-Mar-22
Government Securities 99.26% YTM$ 7.35%
Benchmark: CRISIL IBX 50:50 Gilt Plus SDL
7.06% GOI 10APR28 SOVEREIGN 25.96%
Index - April 20285 Average Maturity 3.79 Years
7.38% GOI 20JUN2027 SOVEREIGN 11.43%
NAV (as on 31.03.24)
7.36% MAHARASHTRA 12APR28 SDL SOVEREIGN 8.01% Modified Duration 3.18 Years
Growth ₹ 11.1782
8.05% GUJARAT SDL 31JAN2028 SOVEREIGN 6.30% Macaulay Duration^ 3.3 Years
Direct Growth ₹ 11.2234
8.05% TAMILNADU SDL 18APR2028 SOVEREIGN 6.05%
AUM (as on 31.03.24) ₹ 1891.38 Cr
7.17% GOI 08JAN28 SOVEREIGN 5.39%
AAUM (for the month Rating Profile
₹ 1889.27 Cr 6.97% KARNATAKA 26FEB2028 SDL SOVEREIGN 4.47%
of Mar)
Fund Manager & Experience 6.97% MAHARASHTRA 18FEB2028 SDL SOVEREIGN 2.90%
0.81%
Kapil Punjabi (Fixed Income) 8.28% GOI 21SEP27 SOVEREIGN 2.75%

Total Experience 17 Years 7.88% MADHYA PRADESH 24JAN28 SDL SOVEREIGN 2.73%
Managing this fund Since Mar 31, 2022 6.98% MAHARASHTRA 26FEB2028 SDL SOVEREIGN 2.63%
Mahesh Chhabria (Fixed Income) 8.26% GOI 02AUG2027 SOVEREIGN 1.94% - 0.07%

Total Experience 12 Years 8.00% SDL-KERALA M- 11-APR-2028 SOVEREIGN 1.40%

Managing this fund Since Jul 15, 2023
8.20% HARYANA 31JAN28 SDL SOVEREIGN 1.37%
Minimum Investment1
8.23% GUJARAT SDL 21FEB2028 SOVEREIGN 1.37%
Lumpsum ₹ 5,000 99.26%
8.27% UTTARPRADESH SDL14MAR2028 SOVEREIGN 1.37%
SIP## Please refer page 73
8.28% TAMILNADU SDL 14MAR2028 SOVEREIGN 1.37%
Additional Purchase ₹ 1,000 7.77% ANDHRA PRADESH SDL RED SOVEREIGN Reverse Repos/ TREPS
SOVEREIGN 1.36%
Entry Load: “NA” 10-JAN-2028
Net Current Assets
7.92% UTTAR PRADESH 24JAN2028 SDL SOVEREIGN 1.36%
Exit Load: Nil
6.79% GOI 15MAY2027 SOVEREIGN 1.35%
Month End Total Expenses Ratios
PRC Matrix
(Annualized)2 8.14% HARYANA 27MAR28 SDL SOVEREIGN 1.16%
Regular3 0.43% 8.00% KARNATAKA SDL RED 17-JAN-2028 SOVEREIGN 1.10% Potential Risk Class
Direct 0.23% 7.79% KARNATAKA 03Jan2028 SDL SOVEREIGN 1.09% Credit Risk → Relatively Relatively
Tracking Difference Moderate
7.75% GUJARAT 10JAN28 SDL SOVEREIGN 1.09%
Interest Rate Low High
(Class B)
Regular -0.32% 8.03% KARNATAKA SDL 31JAN2028 SOVEREIGN 0.82% Risk ↓ (Class A) (Class C)
Direct -0.11% 8.14% SDL Uttarakhand 27Mar2028 SOVEREIGN 0.81% Relatively Low
As the scheme has not completed 3 years Tracking 7.59% Uttarakhand 25 Oct 2027 SDL SOVEREIGN 0.55% (Class I)
Error data not been provided.
7.50% TELANGANA SDL RED 15-APR-
^The Macaulay duration is the weighted average term SOVEREIGN 0.55% Moderate
2028
to maturity of the cash flows from a bond. The weight (Class II)
of each cash flow is determined by dividing the present 8.15% CHHATTISGARH 27MAR28 SDL SOVEREIGN 0.54%
value of the cash flow by the price. 7.64% KARNATAKA SDL RED 08-NOV- Relatively High
SOVEREIGN 0.04% A-III
1
in multiples of Re 1 thereafter.
2027 (Class III)
Cash Equivalent 0.74% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
TER Annualized TER including GST on Investment
2

Management Fees TREPS* 0.81% risk (measured by Macaulay Duration of the scheme) and maximum credit
risk (measured by Credit Risk Value of the scheme) the fund manager can
3
Continuing plans Net Current Assets: -0.07% take in the scheme. PRC matrix classification is done in accordance with
4
As per clause 1.9 of the SEBI Master Circular for Mutual Total Net Assets as on 31-March-2024 100.00% and subject to the methodology/guidelines prescribed by SEBI to help
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 investors take informed decision based on the maximum interest rate risk
*TREPS : Tri-Party Repo fully collateralized by G-Sec and maximum credit risk the fund manager can take in the scheme, as
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ depicted in the PRC matrix.
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December
2021.
$
YTM is annualized.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Income over target maturity period
Low to High
Moderate • Investment in constituents similar to the composition of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be at Moderate risk

47
 HSBC CRISIL IBX Gilt June 2027 Index Fund
Index Fund - An open-ended Target Maturity Index Fund tracking CRISIL-IBX Gilt Index - June 2027. Relatively high interest rate risk and
relatively low credit risk.
Investment Objective: To provide returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Gilt Index
- June 2027 before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will
be achieved.

Fund Details % to Net Rating Profile

Issuer Rating
Assets
1.65%
Date of Allotment 23-Mar-23
Government Securities 98.54%
Benchmark: CRISIL-IBX Gilt Index - June
7.38% GOI 20JUN2027 SOVEREIGN 78.37%
20275
8.24% GOI 15FEB27 SOVEREIGN 11.31%
NAV (as on 31.03.24) - 0.19%
6.79% GOI 15MAY2027 SOVEREIGN 8.86%
Growth ₹ 10.7528
Cash Equivalent 1.46%
Direct Growth ₹ 10.7837
TREPS* 1.65%
AUM (as on 31.03.24) ₹ 229.94 Cr
Net Current Assets: -0.19%
AAUM (for the month 98.54%
₹ 229.04 Cr Total Net Assets as on 31-March-2024 100.00%
of Mar)
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Fund Manager & Experience
SOVEREIGN Reverse Repos/ TREPS
Kapil Punjabi (Fixed Income)
Net Current Assets
Total Experience 17 Years Quantitative Data
Managing this fund Since Mar 23, 2023
Mahesh Chhabria (Fixed Income) YTM$ 7.18%
Total Experience 12 Years Average Maturity 3.12 Years PRC Matrix
Managing this fund Since Jul 15, 2023
Modified Duration 2.7 Years Potential Risk Class
Minimum Investment1
Lumpsum ₹ 5,000 Credit Risk → Relatively Relatively
Macaulay Duration^ 2.79 Years Moderate
SIP## Please refer page 73 Interest Rate Low High
(Class B)
Risk ↓ (Class A) (Class C)
Additional Purchase ₹ 1,000
Entry Load: “NA” Relatively Low
Exit Load: Nil (Class I)
Month End Total Expenses Ratios Moderate
(Annualized)2 (Class II)
Regular3 0.45% Relatively High
A-III
Direct 0.17% (Class III)
Tracking Difference Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Regular -0.37% risk (measured by Macaulay Duration of the scheme) and maximum credit
risk (measured by Credit Risk Value of the scheme) the fund manager can
Direct -0.07% take in the scheme. PRC matrix classification is done in accordance with
and subject to the methodology/guidelines prescribed by SEBI to help
As the scheme has not completed 3 years Tracking investors take informed decision based on the maximum interest rate risk
Error data not been provided. and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
^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.
1
in multiples of Re 1 thereafter.
TER Annualized TER including GST on Investment
2

Management Fees
3
Continuing plans
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74
dated May 19, 2023, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December
2021.
$
YTM is annualized.

This product is suitable for investors who are seeking*:

Moderate Moderately
High • Income over target maturity period
Low to High
Moderate • Investments in Government Securities and Tbills
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Low Very High

RISKOMETER
Please note that the above risk-o-meter is as per the product labelling of the scheme available as on the date of this communication/ disclosure. Any change in
Investors understand that their principal risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular Scheme.
will be from Low to Moderate risk

48
 Equity Fund Snapshot as on 31st March, 2024

HSBC Large and Mid Cap HSBC Infrastructure HSBC Business Cycles
Scheme Name HSBC Large Cap Fund HSBC Midcap Fund HSBC Small Cap Fund HSBC Flexi Cap Fund HSBC Focused Fund HSBC Value Fund
Fund Fund Fund

Category Large Cap Fund Large & Mid Cap Fund Mid Cap Fund Small Cap Fund Flexi Cap Fund Focused Fund Sectoral Thematic Value Fund

Date of Allotment 10-Dec-02 28-Mar-19 09-Aug-04 12-May-14 24-Feb-04 22-Jul-20 27-Sep-07 20-Aug-14 08-Jan-10

NIFTY Large Midcap 250

Benchmark Nifty 100 TRI NIFTY Midcap 150 TRI NIFTY Small Cap 250 TRI Nifty 500 TRI Nifty 500 TRI NIFTY Infrastructure TRI Nifty 500 TRI Nifty 500 TRI
TRI

Neelotpal Sahai, Cheenu Gupta, Cheenu Gupta, Venugopal Manghat, Abhishek Gupta, Neelotpal Sahai, Venugopal Manghat, Gautam Bhupal, Venugopal Manghat,
Fund Manager Venugopal Manghat*, Cheenu Gupta*, Gautam Bhupal, Venugopal Manghat, Gautam Bhupal*,
Gautam Bhupal Abhishek Gupta Sonal Gupta Sonal Gupta Venugopal Manghat Cheenu Gupta, Sonal Gupta Sonal Gupta Sonal Gupta

NAV (Regular Option) 421.9369 21.8522 313.8930 69.5454 183.2674 21.7219 40.0088 34.2869 91.4872

Monthly AUM (` in cr.) 1759.39 2768.75 9740.79 13401.24 4245.42 1569.67 2213.09 764.45 11430.68

Value of ` 100,000
invested in scheme 44,55,276 2,14,952 31,17,977 6,53,364 22,33,008 2,04,798 4,06,193 3,42,869 9,14,872
since inception

Market Cap
(% to Equity Holdings) 1.06% 1.93% 2.90% 2.59% 1.15% 2.23% 1.07% 1.85% 1.95%
1.90%
2.74%
Others 10.67% 14.91% 10.09%
14.81% 17.87% 18.01% 19.49%
23.17% 21.43%
Debt
16.07% 18.20%
Small Cap 18.49%
36.73% 41.47%
Mid Cap 35.20%
Large Cap 35.63%
As per the latest Market 86.37%
Capitalisation data provided
66.22% 73.24%
by AMFI 62.78% 61.27%
(In line with the applicable 47.29% 46.59% 43.36%
SEBI guidelines) 39.27%

Top 5 Sectors Banks 21% Electrical Equipment 12% Industrial Products 11% Industrial Products 19% Banks 17% Banks 18% Construction 20% Construction 18% Banks 21%

Pharmaceuticals &
Petroleum Products 8% IT - Software 10% 11% IT - Software 8% IT - Software 9% IT - Software 9% Industrial Products 15% Banks 16% IT - Software 10%
Biotechnology
Pharmaceuticals &
IT - Software 8% Banks 7% Finance 8% Construction 7% 6% Construction 9% Power 8% Industrial Products 9% Construction 9%
Biotechnology
Pharmaceuticals & Electrical
8% Construction 6% Banks 7% Realty 7% Petroleum Products 6% Finance 7% 7% Consumer Durables 6% Industrial Products 5%
Biotechnology Equipment
Aerospace &
Realty 6% Retailing 6% Auto Components 6% Consumer Durables 5% Automobiles 5% Consumer Durables 7% 7% Retailing 6% Ferrous Metals 5%
Defense

Standard Deviation 13.03 12.68 12.35 14.84 11.70 12.33 14.12 13.48 13.58

Beta (Slope) 0.90 0.84 0.75 0.76 0.82 0.84 0.77 0.89 0.90

Sharpe Ratio** 0.61 0.87 0.99 1.41 0.96 0.63 1.42 0.95 1.21

R2 0.93 0.87 0.89 0.88 0.94 0.90 0.71 0.84 0.85

Total Expense Ratio^

2.16% 2.02% 1.76% 1.72% 1.97% 2.13% 2.08% 2.40% 1.76%
(Regular)

Total Expense Ratio^

1.21% 0.98% 0.68% 0.70% 1.18% 0.93% 1.04% 1.33% 0.79%
(Direct)

**Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on March 31, 2024); *Fund managers are managing the fund since October 01, 2023
49
 Equity Fund Snapshot as on 31st March, 2024

HSBC Nifty 50 Index HSBC Nifty Next 50 HSBC Aggressive HSBC Multi Asset HSBC Balanced HSBC Equity Savings HSBC ELSS Tax saver HSBC Consumption
Scheme Name HSBC Multi Cap Fund HSBC Arbitrage Fund
Fund Index Fund Hybrid Fund Allocation Fund Advantage Fund Fund Fund Fund

Aggressive Hybrid Dynamic Asset Allocation

Category Multi Cap Index Funds Index Funds Multi Asset Allocation Equity Savings Arbitrage Fund ELSS Thematic Fund
Fund or Balanced Advantage
Date of Allotment 30-Jan-23 15-Apr-20 15-Apr-20 07-Feb-11 28-Feb-24 07-Feb-11 18-Oct-11 30-Jun-14 27-Feb-06 31-Aug-23
S&P BSE 200 TRI
(65%) + NIFTY Short
NIFTY 50 Hybrid Duration Debt Index
NIFTY 500 Multicap Nifty 50 Hybrid composite NIFTY Equity Savings Nifty India Consumption
Benchmark Nifty 50 TRI Nifty Next 50 TRI Composite Debt 65:35 (20%) +Domestic Nifty 50 Arbitrage Index Nifty 500 TRI
50:25:25 TRI debt 50:50 Index Index Index TRI
Index Price of Gold
(10%)+Domestic Price
of Silver (5%)
Cheenu Gupta,
Cheenu Gupta, Neelotpal Sahai, Mahesh
Venugopal Manghat, Cheenu Gupta, Abhishek Gupta, Praveen Ayathan,
Praveen Ayathan, Praveen Ayathan, Mahesh Chhabria, Chhabria, Gautam Abhishek Gupta, Gautam Bhupal,
Gautam Bhupal. Gautam Bhupal*, Praveen Ayathan,
Fund Manager Dipan S. Parikh, Bhupal*, Praveen Mahesh Chhabria, Gautam Bhupal, Anish Goenka*,
Kapil Punjabi, Rajeesh Nair* Rajeesh Nair* Shriram Ramanathan, Hitesh Gondhia,
Sonal Gupta Sonal Gupta Ayathan*, Hitesh Hitesh Gondhia* Sonal Gupta Sonal Gupta
Mr. Sonal Gupta Mahesh Chhabria,
Gondhia*, Sonal Gupta
Sonal Gupta

NAV (Regular Option) 15.7462 25.4266 26.0057 47.0635 10.1449 38.5607 28.6037 17.4595 108.5034 11.9761

Monthly AUM (` in cr.) 2669.86 244.97 100.29 5147.02 1419.77 1397.34 230.16 2003.18 3673.94 1172.77

Value of ` 100,000 invested in

1,57,462 2,54,266 2,60,057 4,72,625 1,01,449 3,85,607 2,86,037 1,74,595 10,85,034 1,19,761
scheme since inception

Market Cap 1.72% 0.20% 0.22% 2.02% 3.53%

(% to Equity Holdings) 0.62%
10.27%
Others 22.91% 22.91% 19.60% 17.64%
25.32% 27.17%
38.46% 33.60%
Debt 10.56% 10.56%
Small Cap 13.34% 27.90%
13.49% 33.92%
Mid Cap 33.91% 27.55% 16.44% 27.55%
Large Cap 99.18% 24.56%
89.51% 17.16%
As per the latest Market Capitalisation
data provided by AMFI 21.45%
50.48%
(In line with the applicable SEBI 39.05% 38.98% 38.98% 44.91%
guidelines) 35.75% 34.93%
23.65%

Top 5 Sectors Exchange Government Consumer

IT - Software 11% Banks 28% Finance 13% Finance 16% 11% Finance 22% 19% Banks 23% Banks 14% 20%
Traded Funds Securities Durables
Government Government Government Electrical
Banks 10% IT - Software 13% Retailing 10% 13% Finance 8% 12% Banks 12% 9% 11% Retailing 15%
Securities Securities Securities Equipment
Industrial Petroleum Aerospace & Electrical Pharmaceuticals
9% 11% 7% Banks 12% Construction 7% Banks 12% 8% 7% IT - Software 9% Beverages 9%
Products Products Defense Equipment & Biotechnology
Electrical Electrical Pharmaceuticals Aerospace & Internal - Mutual Healthcare
Finance 8% Automobiles 8% Banks 7% 9% 7% 7% 7% 7% Finance 6% 7%
Equipment Equipment & Biotechnology Defense Fund Units Services
Diversified Personal Telecom -
Construction 7% 6% 6% IT - Software 8% Banks 7% IT - Software 5% Construction 7% 7% Construction 6% Automobiles 6%
FMCG Products Services
Standard Deviation -- 12.85 16.83 10.09 -- 5.43 4.51 0.67 12.82 --
Beta (Slope) -- 0.94 0.94 1.00 -- 0.66 0.76 0.68 0.85 --
Sharpe Ratio** -- 0.59 0.74 0.53 -- 0.37 0.71 -4.15 0.70 --
R2 -- 1.00 1.00 0.79 -- 0.76 0.64 0.71 0.85 --
Total Expense Ratio^ (Regular) 1.97% 0.45% 0.80% 1.89% 2.02% 2.12% 1.51% 0.94% 1.93% 2.08%
Total Expense Ratio^ (Direct) 0.61% 0.20% 0.35% 0.85% 0.62% 0.78% 0.61% 0.27% 1.12% 0.69%

**Risk free rate: 7.9% (FIMMDA-NSE Mibor) as on March 31, 2024); *Fund managers are managing the fund since October 01, 2023
50
 Debt Fund Snapshot as on 31st March, 2024

HSBC Ultra Short Duration HSBC Banking and PSU

Scheme Name HSBC Overnight Fund HSBC Liquid Fund HSBC Money Market Fund HSBC Low Duration Fund HSBC Corporate Bond Fund HSBC Credit Risk Fund
Fund Debt Fund

Category Overnight Fund Liquid Fund Money Market Fund Ultra Short Duration Fund Low Duration Fund Corporate Bond Fund Banking and PSU Fund Credit Risk Fund

Date of Allotment 22-May-19 04-Dec-02 10-Aug-05 29-Jan-20 04-Dec-10 31-Mar-97 12-Sep-12 08-Oct-09

NIFTY Ultra Short Duration NIFTY Low Duration Debt NIFTY Corporate Bond Index Nifty Banking & PSU Debt NIFTY Credit Risk Bond
Benchmark NIFTY 1D Rate Index NIFTY Liquid Index A-I NIFTY Money Market Index A-I
Debt Index A-I Index A-I A-II Index A-II Index B-II

Kapil Punjabi, Kapil Punjabi, Kapil Punjabi, Mahesh Chhabria, Mohd Asif Rizwi, Jalpan Shah, Mahesh Chhabria, Shriram Ramanathan,
Fund Manager
Mahesh Chhabria Shriram Ramanathan Shriram Ramanathan Jalpan Shah Shriram Ramanathan Shriram Ramanathan Jalpan Shah Kapil Punjabi

NAV (Regular Option) 1244.5718 2386.6917 24.0874 1237.0972 25.8239 65.9926 22.0337 26.1986

Monthly AUM (` in cr.) 1863.15 Cr 12991.16 Cr 1100.26 Cr 2100.02 Cr 439.17 Cr 6100.72 Cr 4649.66 Cr 569.22 Cr

Average Maturity of Portfolio 3.35 Days 71.18 Days 307.51 Days 5.69 Months 20.04 Months 4.69 Years 2 Years 3.18 Years

Modified Duration of Portfolio 3.35 Days 66.31 Days 286.53 Days 5.28 Months 10.2 Months 3.73 Years 1.75 Years 2.19 Years

Macaulay Duration of
3.35 Days 71.18 Days 307.51 Days 5.66 Months 10.99 Months 3.95 Years 1.86 Years 2.31 Years
Portfolio

Yield To Maturity 7.14% 7.62% 7.63% 7.62% 7.93% 7.46% 7.51% 8.20%

Rating Profile

SOVEREIGN
0.04% 0.28% 0.27% 3.15% 2.54% 0.07% 1.48% 1.96%
0.30% 1.44% 0.25% 0.25%
6.57% 0.29% 0.30%
AAA and equivalents 22.05% 10.19% 10.43% 11.83%
17.96% 22.23%
AA and equivalents (AA+, AA, AA-) 16.37%
24.16%
Reverse Repos/ TREPS
91.67%
Net Current Assets 97.03% 93.75%
86.42% 80.23%
72.09% 76.67%
Alternative Investment Funds (AIF)
61.97%
Equity

-19.36% 4.40%
8.29% -4.99% -0.05% -1.73% -0.63% - 0.17%

Total Expense Ratio

0.16% 0.22% 0.57% 0.48% 0.64% 0.64% 0.61% 1.68%
(Regular)

Total Expense Ratio

0.06% 0.12% 0.25% 0.22% 0.25% 0.30% 0.23% 0.86%
(Direct)

51
 Debt Fund Snapshot as on 31st March, 2024

HSBC Medium Duration HSBC Medium to Long HSBC Conservative Hybrid HSBC CRISIL IBX 50-50 Gilt HSBC CRISIL IBX Gilt June
Scheme Name HSBC Short Duration Fund HSBC Dynamic Bond Fund HSBC Gilt Fund
Fund Duration Fund Fund Plus Apr 2028 Index Fund 2027 Index Fund

Category Short Duration Fund Medium Duration Fund Medium to Long Duration Fund Dynamic Bond Gilt Fund Conservative Hybrid Fund Index Funds Index Funds

Date of Allotment 27-Dec-11 02-Feb-15 10-Dec-02 27-Sep-10 29-Mar-00 24-Feb-04 31-Mar-22 23-Mar-23

NIFTY Short Duration Debt NIFTY Medium Duration Debt NIFTY Medium to Long NIFTY Composite Debt Index NIFTY All Duration G-Sec NIFTY 50 Hybrid Composite CRISIL IBX 50:50 Gilt Plus CRISIL-IBX Gilt Index - June
Benchmark
Index A-II Index A-III Duration Debt Index A-III A-III Index Debt 15:85 Index SDL Index - April 2028 2027

Mahesh Chhabria,
Jalpan Shah, Shriram Ramanathan, Kapil Punjabi, Jalpan Shah, Jalpan Shah, Kapil Punjabi, Kapil Punjabi,
Fund Manager Cheenu Gupta,
Mohd Asif Rizwi Kapil Punjabi Shriram Ramanathan Shriram Ramanathan Shriram Ramanathan Mahesh Chhabria Mahesh Chhabria
Abhishek Gupta

NAV (Regular Option) 23.9400 18.4203 38.4348 26.7655 60.5942 53.5337 11.1782 10.7528

Monthly AUM (` in cr.) 3600.48 Cr 820.68 Cr 46.36 Cr 165.35 Cr 202.73 Cr 106.85 Cr 1891.38 Cr 229.94 Cr

Average Maturity of Portfolio 3.18 Years 5.4 Years 9.66 Years 9.25 Years 11.46 Years 8.42 Years 3.79 Years 3.12 Years

Modified Duration of Portfolio 2.66 Years 3.79 Years 6.53 Years 6.38 Years 7.54 Years 5.45 Years 3.18 Years 2.7 Years

Macaulay Duration of
2.8 Years 3.96 Years 6.78 Years 6.65 Years 7.81 Years 5.64 Years 3.3 Years 2.79 Years
Portfolio

Yield To Maturity 7.49% 7.86% 7.27% 7.29% 7.24% 7.26% 7.35% 7.18%

Rating Profile

SOVEREIGN
0.07% 0.34% 2.15% 1.35% 0.81% 1.65%
AAA and equivalents 1.34% 0.21% 5.42% 0.33%
0.26% 1.02% 0.26% 3.72%
5.80% 4.46%
21.12% 20.54%
AA and equivalents (AA+, AA, AA-)
42.33%
Reverse Repos/ TREPS
33.20% 5.44%
Net Current Assets 98.84% 99.26%
88.76% 98.54%
67.61%
Alternative Investment Funds (AIF) 77.04%

Equity 56.00%
44.11%
89.77%

-0.24% -0.06% - 0.19% - 0.30% -0.07% -0.19%

Total Expense Ratio

0.75% 1.10% 1.87% 0.78% 1.70% 2.18% 0.43% 0.45%
(Regular)

Total Expense Ratio

0.27% 0.40% 0.64% 0.20% 0.48% 1.35% 0.23% 0.17%
(Direct)

52
 SIP Performance Equity Schemes - Regular Plan
HSBC Focused Fund& Inception Date: 22 Jul 20
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 440000
Market Value as on March 28, 2024 (₹) 1,42,040 4,74,046 NA 6,18,576
Scheme Returns (%) 36.40 18.83 NA 18.97
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 NA 6,47,583
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 NA 21.63
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 NA 6,09,230
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 NA 18.09

HSBC Flexi Cap Fund& Inception Date: 24 Feb 04

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 2410000
Market Value as on March 28, 2024 (₹) 1,45,566 5,04,141 10,26,892 1,31,19,654
Scheme Returns (%) 42.53 23.28 21.72 14.81
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 1,25,43,434
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 14.45
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 1,15,23,379
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.76

HSBC Large and Mid Cap Fund& Inception Date: 28 Mar 19

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 600000
Market Value as on March 28, 2024 (₹) 1,42,927 4,95,176 10,16,115 10,16,115
Scheme Returns (%) 37.93 21.97 21.28 21.28
NIFTY Large Midcap 250 TRI - Scheme Benchmark (₹) 1,44,206 5,05,284 11,01,840 11,01,840
NIFTY Large Midcap 250 TRI - Scheme Benchmark Returns (%) 40.16 23.45 24.65 24.65
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,888 9,51,888
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 18.58

HSBC Large Cap Fund& Inception Date: 10 Dec 02

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 2550000
Market Value as on March 28, 2024 (₹) 1,41,186 4,72,544 9,47,606 1,50,13,977
Scheme Returns (%) 34.93 18.60 18.40 14.54
Nifty 100 TRI - Scheme Benchmark (₹) 1,40,592 4,69,225 9,65,961 NA
Nifty 100 TRI - Scheme Benchmark Returns (%) 33.90 18.10 19.19 NA
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 1,48,40,077
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.45

HSBC Midcap Fund& Inception Date: 09 Aug 04

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 2350000
Market Value as on March 28, 2024 (₹) 1,51,245 5,26,344 11,00,402 1,65,88,546
Scheme Returns (%) 52.57 26.45 24.59 17.36
NIFTY Midcap 150 TRI - Scheme Benchmark (₹) 1,47,888 5,42,781 12,52,742 NA
NIFTY Midcap 150 TRI - Scheme Benchmark Returns (%) 46.61 28.74 30.06 NA
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 1,04,96,492
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.56

HSBC Aggressive Hybrid Fund*& Inception Date: 07 Feb 11

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1570000
Market Value as on March 28, 2024 (₹) 1,36,449 4,52,385 8,80,867 38,94,019
Scheme Returns (%) 26.85 15.50 15.41 13.00
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark (₹) 1,32,826 4,38,638 8,61,640 37,29,897
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark Returns (%) 20.77 13.34 14.51 12.41
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 43,16,246
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.41

HSBC Multi Cap Fund* Inception Date: 30 Jan 23

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 NA NA 140000
Market Value as on March 28, 2024 (₹) 1,52,084 NA NA 1,83,606
Scheme Returns (%) 54.06 NA NA 53.02
Scheme Benchmark (NIFTY 500 Multicap 50:25:25 TRI) (₹) 1,44,146 NA NA 1,73,069
NIFTY 500 Multicap 50:25:25 TRI - Scheme Benchmark Returns (%) 40.05 NA NA 39.84
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 NA NA 1,62,620
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 NA NA 26.99

*Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.

Past performance may or may not be sustained in the future. 53

 SIP Performance Equity Schemes - Regular Plan
HSBC Infrastructure Fund*& Inception Date: 27 Sep 07
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1970000
Market Value as on March 28, 2024 (₹) 1,48,821 5,74,018 12,66,034 76,09,198
Scheme Returns (%) 48.26 32.98 30.50 14.88
NIFTY Infrastructure TRI* - Scheme Benchmark (₹) 1,61,765 5,83,622 12,51,172 57,50,289
NIFTY Infrastructure TRI* - Scheme Benchmark Returns (%) 71.67 34.25 30.00 11.97
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 66,94,542
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.56

HSBC Small Cap Fund*& Inception Date: 12 May 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1180000
Market Value as on March 28, 2024 (₹) 1,40,197 5,31,689 12,93,515 34,18,225
Scheme Returns (%) 33.23 27.20 31.42 20.58
NIFTY Small Cap 250 TRI - Scheme Benchmark (₹) 1,47,713 5,38,831 12,86,916 31,13,154
NIFTY Small Cap 250 TRI - Scheme Benchmark Returns (%) 46.30 28.20 31.20 18.81
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 25,32,782
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.89

HSBC Business Cycles Fund* Inception Date: 20 Aug 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1150000
Market Value as on March 28, 2024 (₹) 1,44,276 5,12,771 10,77,225 24,90,963
Scheme Returns (%) 40.28 24.52 23.71 15.49
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 26,01,963
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.34
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 24,32,786
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 15.02

HSBC Consumption Fund*

Scheme Name & Benchmarks 6 months Since Inception
Total amount invested (₹) 60000 70000
Market Value as on March 28, 2024 (₹) 65,703 77,659
Scheme Returns (%) 37.81 37.66
Nifty India Consumption TRI - Scheme Benchmark (₹) 66,908 79,086
Nifty India Consumption TRI - Scheme Benchmark Returns (%) 46.82 45.47
Nifty 50 TRI - Additional Benchmark (₹) 64,883 76,357
Nifty 50 TRI - Additional Benchmark Returns (%) 31.89 30.75

HSBC Value Fund* Inception Date: 08 Jan 10

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1700000
Market Value as on March 28, 2024 (₹) 1,49,486 5,44,918 11,81,856 73,67,325
Scheme Returns (%) 49.43 29.04 27.59 18.84
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 54,26,596
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 15.09
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 49,45,729
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.94

HSBC Arbitrage Fund Inception Date: 30 Jun 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1170000
Market Value as on March 28, 2024 (₹) 1,24,788 3,94,955 6,87,830 15,39,386
Scheme Returns (%) 7.61 6.15 5.42 5.51
Nifty 50 Arbitrage Index - Scheme Benchmark (₹) 1,25,143 3,98,230 6,91,842 15,24,994
Nifty 50 Arbitrage Index - Scheme Benchmark Returns (%) 8.18 6.70 5.66 5.32
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 24,98,199
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.93

HSBC Balanced Advantage Fund* Inception Date: 07 Feb 11

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1570000
Market Value as on March 28, 2024 (₹) 1,33,574 4,35,855 8,00,634 32,45,924
Scheme Returns (%) 22.01 12.90 11.53 10.49
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark (₹) 1,31,044 4,28,982 8,24,119 34,72,799
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark Returns (%) 17.81 11.79 12.70 11.43
S&P BSE Sensex TRI - Additional Benchmark (₹) 1,34,790 4,54,392 9,32,897 43,14,092
S&P BSE Sensex TRI - Additional Benchmark Returns (%) 24.05 15.82 17.75 14.40

* Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.

Past performance may or may not be sustained in the future. 54

 SIP Performance Equity Schemes - Regular Plan
HSBC Equity Savings Fund* Inception Date: 18 Oct 11
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1490000
Market Value as on March 31, 2024 (₹) 1,31,983 4,34,553 8,22,315 27,26,332
Scheme Returns (%) 19.05 12.62 12.57 9.27
NIFTY Equity Savings Index - Scheme Benchmark (₹) 1,29,183 4,19,521 7,81,089 27,98,415
NIFTY Equity Savings Index - Scheme Benchmark Returns (%) 14.51 10.20 10.49 9.66
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,364 3,94,388 6,83,229 22,31,565
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.40 6.02 5.14 6.27

HSBC ELSS Tax saver Fund* Inception Date: 27 Feb 06

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 2170000
Market Value as on March 28, 2024 (₹) 1,42,616 4,83,460 9,79,369 90,52,847
Scheme Returns (%) 37.39 20.24 19.76 14.14
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 89,71,673
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 14.05
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 81,54,817
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.17

HSBC Nifty 50 Index Fund Inception Date: 15 Apr 20

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 470000
Market Value as on March 28, 2024 (₹) 1,36,698 4,57,524 NA 6,71,809
Scheme Returns (%) 27.27 16.30 NA 18.57
Nifty 50 TRI - Scheme Benchmark (₹) 1,37,023 4,61,308 NA 6,80,421
Nifty 50 TRI - Scheme Benchmark Returns (%) 27.82 16.89 NA 19.25
S&P BSE Sensex TRI - Additional Benchmark (₹) 1,34,790 4,54,392 NA 6,67,351
S&P BSE Sensex TRI - Additional Benchmark Returns (%) 24.05 15.82 NA 18.21

HSBC Nifty Next 50 Index Fund Inception Date: 15 Apr 20

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 470000
Market Value as on March 28, 2024 (₹) 1,58,302 5,17,679 NA 7,53,862
Scheme Returns (%) 65.31 25.22 NA 24.84
Nifty Next 50 TRI - Scheme Benchmark (₹) 1,59,190 5,26,216 NA 7,71,321
Nifty Next 50 TRI - Scheme Benchmark Returns (%) 66.93 26.43 NA 26.10
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 NA 6,80,421
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 NA 19.25

HSBC Tax Saver Equity Fund Inception Date: 05 Jan 07

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 2060000
Market Value as on March 28, 2024 (₹) 1,43,014 4,81,261 9,86,443 77,98,617
Scheme Returns (%) 38.08 19.91 20.05 13.99
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 80,24,474
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 14.27
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 72,72,959
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 13.30

HSBC Global Equity Climate Change Fund of Fund Inception Date: 22 Mar 21
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 360000

Market Value as on March 28, 2024(₹) 1,30,847 3,85,701 NA 3,85,701

Scheme Returns (%) 17.50 4.56 NA 4.56

MSCI AC World Index TRI - Scheme Benchmark (₹) 1,39,518 4,53,277 NA 4,53,277

MSCI AC World Index TRI - Scheme Benchmark Returns (%) 32.09 15.65 NA 15.65

Nifty 50 TRI - Additional Benchmark (₹) 1,36,968 4,61,633 NA 4,61,633

Nifty 50 TRI - Additional Benchmark Returns (%) 27.75 16.94 NA 16.94

*Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.

Past performance may or may not be sustained in the future. 55

 SIP Performance Equity Schemes - Regular Plan
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Inception Date: 24 Feb 14
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1210000
Market Value as on March 28, 2024 (₹) 1,28,597 3,85,452 6,90,771 17,29,009
Scheme Returns (%) 13.82 4.52 5.60 6.89
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark (₹) 1,28,448 3,81,056 6,83,758 17,49,473
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark Returns (%) 13.57 3.75 5.19 7.12
Nifty 50 TRI - Additional Benchmark (₹) 1,36,912 4,61,361 9,50,671 26,47,199
Nifty 50 TRI - Additional Benchmark Returns (%) 27.69 16.91 18.54 14.86

HSBC Brazil Fund Inception Date: 06 May 11

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1540000
Market Value as on March 28, 2024(₹) 1,27,985 3,98,667 6,43,624 15,86,801
Scheme Returns (%) 12.81 6.78 2.78 0.46
MSCI Brazil 10/40 Index TRI - Scheme Benchmark (₹) 1,30,224 4,38,170 7,61,021 23,75,950
MSCI Brazil 10/40 Index TRI - Scheme Benchmark Returns (%) 16.48 13.27 9.48 6.51
Nifty 50 TRI - Additional Benchmark (₹) 1,36,905 4,61,633 9,51,112 41,79,269
Nifty 50 TRI - Additional Benchmark Returns (%) 27.65 16.95 18.56 14.53

HSBC Global Emerging Markets Fund Inception Date: 17 Mar 08

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1920000
Market Value as on March 28, 2024 (₹) 1,28,898 3,63,533 6,41,538 28,97,595
Scheme Returns (%) 14.31 0.64 2.65 4.93
MSCI Emerging Markets Index TRI - Scheme Benchmark (₹) 1,29,192 3,82,795 6,81,201 35,51,531
MSCI Emerging Markets Index TRI - Scheme Benchmark Returns (%) 14.90 4.06 5.04 7.26
Nifty 50 TRI - Additional Benchmark (₹) 1,36,912 4,61,380 9,50,524 64,48,652
Nifty 50 TRI - Additional Benchmark Returns (%) 27.69 16.92 18.54 13.81

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

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,37,571 4,63,167 9,33,387 23,82,106
Scheme Returns (%) 28.75 17.18 17.78 13.45
Composite Index constituting 80% of S&P BSE 200 TRI Index and 20% of CRISIL
1,38,549 4,64,510 9,43,916 25,29,442
Composite Bond Fund Index - Scheme Benchmark (₹)
Composite Index constituting 80% of S&P BSE 200 TRI Index and 20% of CRISIL
30.41 17.38 18.24 14.58
Composite Bond Fund Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99

HSBC Managed Solutions India – Moderate Inception Date: 30 Apr 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,34,845 4,47,442 8,76,234 22,02,301
Scheme Returns (%) 24.14 14.74 15.19 11.96
CRISIL Hybrid 35+65 - Aggressive Index - Scheme Benchmark (₹) 1,35,993 4,51,448 8,95,583 23,78,202
CRISIL Hybrid 35+65 - Aggressive Index - Scheme Benchmark Returns (%) 26.08 15.36 16.09 13.41
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99

HSBC Managed Solutions India – Conservative Inception Date: 30 Apr 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,26,072 3,97,422 7,00,883 16,26,619
Scheme Returns (%) 9.68 6.57 6.18 6.15
Composite Index constituting 10% of S&P BSE 200 TRI Index and 90% of CRISIL
1,26,913 4,05,260 7,29,765 18,10,846
Composite Bond Fund Index - Scheme Benchmark (₹)
Composite Index constituting 10% of S&P BSE 200 TRI Index and 90% of CRISIL
11.04 7.89 7.79 8.22
Composite Bond Fund Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99

Past performance may or may not be sustained in the future. 56

 SIP Performance Equity Schemes - Direct Plan
HSBC Focused Fund& Inception Date: 22 Jul 20
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 440000
Market Value as on March 28, 2024 (₹) 1,42,986 4,81,760 NA 6,29,859
Scheme Returns (%) 38.04 19.99 NA 20.02
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 NA 6,47,583
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 NA 21.63
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 NA 6,09,230
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 NA 18.09

HSBC Flexi Cap Fund& Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,46,179 5,10,883 10,50,360 34,39,363
Scheme Returns (%) 43.60 24.25 22.65 15.95
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 34,91,702
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.20
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Large and Mid Cap Fund& Inception Date: 28 Mar 19

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 600000
Market Value as on March 28, 2024 (₹) 1,43,737 5,05,188 10,42,318 10,42,318
Scheme Returns (%) 39.34 23.43 22.34 22.34
NIFTY Large Midcap 250 TRI - Scheme Benchmark (₹) 1,44,206 5,05,284 11,01,840 11,01,840
NIFTY Large Midcap 250 TRI - Scheme Benchmark Returns (%) 40.16 23.45 24.65 24.65
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,888 9,51,888
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 18.58

HSBC Large Cap Fund& Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,41,910 4,79,720 9,73,890 32,46,105
Scheme Returns (%) 36.17 19.68 19.52 15.00
Nifty 100 TRI - Scheme Benchmark (₹) 1,40,592 4,69,225 9,65,961 32,61,871
Nifty 100 TRI - Scheme Benchmark Returns (%) 33.90 18.10 19.19 15.08
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Midcap Fund& Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,52,174 5,37,547 11,42,111 44,50,853
Scheme Returns (%) 54.23 28.02 26.15 20.15
NIFTY Midcap 150 TRI - Scheme Benchmark (₹) 1,47,888 5,42,781 12,52,742 47,54,541
NIFTY Midcap 150 TRI - Scheme Benchmark Returns (%) 46.61 28.74 30.06 21.22
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Aggressive Hybrid Fund*& Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,37,233 4,59,835 9,06,278 30,08,235
Scheme Returns (%) 28.17 16.66 16.57 13.75
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark (₹) 1,32,826 4,38,638 8,61,640 28,05,431
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark Returns (%) 20.77 13.34 14.51 12.60
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,04,535
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.79

HSBC Multi Cap Fund* Inception Date: 30 Jan 23

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 NA NA 140000
Market Value as on March 28, 2024 (₹) 1,53,267 NA NA 1,85,268
Scheme Returns (%) 56.19 NA NA 55.12
Scheme Benchmark (NIFTY 500 Multicap 50:25:25 TRI) (₹) 1,44,146 NA NA 1,73,069
NIFTY 500 Multicap 50:25:25 TRI - Scheme Benchmark Returns (%) 40.05 NA NA 39.84
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 NA NA 1,62,620
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 NA NA 26.99
*Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.
Past performance may or may not be sustained in the future. 57
 SIP Performance Equity Schemes - Direct Plan
HSBC Infrastructure Fund*& Inception Date: 01 Jan 13
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,49,699 5,78,799 12,88,780 44,80,529
Scheme Returns (%) 49.81 33.61 31.26 20.26
Nifty Infrastructure TRI - Scheme Benchmark (₹) 1,61,765 5,83,622 12,51,172 36,76,004
Nifty Infrastructure TRI - Scheme Benchmark Returns (%) 71.67 34.25 30.00 17.04
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Small Cap Fund*& Inception Date: 12 May 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1180000
Market Value as on March 28, 2024 (₹) 1,41,010 5,41,845 13,39,991 35,86,864
Scheme Returns (%) 34.62 28.61 32.93 21.49
NIFTY Small Cap 250 TRI - Scheme Benchmark (₹) 1,47,713 5,38,831 12,86,916 31,13,154
NIFTY Small Cap 250 TRI - Scheme Benchmark Returns (%) 46.30 28.20 31.20 18.81
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 25,32,782
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.89

HSBC Business Cycles Fund* Inception Date: 20 Aug 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1150000
Market Value as on March 28, 2024 (₹) 1,45,139 5,21,885 11,10,636 26,23,306
Scheme Returns (%) 41.78 25.82 24.98 16.50
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 26,01,963
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.34
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 24,32,786
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 15.02

HSBC Consumption Fund*

Scheme Name & Benchmarks 6 months Since Inception
Total amount invested (₹) 60000 70000
Market Value as on March 28, 2024 (₹) 65,967 78,017
Scheme Returns (%) 39.75 39.60
Nifty India Consumption TRI - Scheme Benchmark (₹) 66,908 79,086
Nifty India Consumption TRI - Scheme Benchmark Returns (%) 46.82 45.47
Nifty 50 TRI - Additional Benchmark (₹) 64,883 76,357
Nifty 50 TRI - Additional Benchmark Returns (%) 31.89 30.75

HSBC Value Fund* Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,50,308 5,53,734 12,16,062 45,77,874
Scheme Returns (%) 50.90 30.25 28.80 20.60
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 34,91,702
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.20
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Arbitrage Fund Inception Date: 30 Jun 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1170000
Market Value as on March 28, 2024 (₹) 1,25,236 3,99,129 6,99,742 15,91,633
Scheme Returns (%) 8.33 6.86 6.11 6.16
Nifty 50 Arbitrage Index - Scheme Benchmark (₹) 1,25,143 3,98,230 6,91,842 15,24,994
Nifty 50 Arbitrage Index - Scheme Benchmark Returns (%) 8.18 6.70 5.66 5.32
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 24,98,199
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.93

HSBC Balanced Advantage Fund* Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,34,554 4,45,290 8,30,448 26,00,459
Scheme Returns (%) 23.65 14.39 13.01 11.35
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark (₹) 1,31,044 4,28,982 8,24,119 26,29,906
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark Returns (%) 17.81 11.79 12.70 11.53
S&P BSE Sensex TRI - Additional Benchmark (₹) 1,34,790 4,54,392 9,32,897 31,91,343
S&P BSE Sensex TRI - Additional Benchmark Returns (%) 24.05 15.82 17.75 14.72
* Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.

Past performance may or may not be sustained in the future. 58

 SIP Performance Equity Schemes - Direct Plan

HSBC Equity Savings Fund* Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 31, 2024 (₹) 1,32,634 4,40,796 8,42,763 24,45,882
Scheme Returns (%) 20.12 13.61 13.56 10.31
NIFTY Equity Savings Index - Scheme Benchmark (₹) 1,29,183 4,19,521 7,81,089 23,44,673
NIFTY Equity Savings Index - Scheme Benchmark Returns (%) 14.51 10.20 10.49 9.61
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,364 3,94,388 6,83,229 19,10,548
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.40 6.02 5.14 6.16

HSBC ELSS Tax saver Fund* Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,43,230 4,89,622 10,00,506 33,47,713
Scheme Returns (%) 38.46 21.15 20.64 15.51
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 34,91,702
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.20
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Nifty 50 Index Fund Inception Date: 15 Apr 20

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 470000
Market Value as on March 28, 2024 (₹) 1,36,886 4,59,606 NA 6,76,483
Scheme Returns (%) 27.59 16.62 NA 18.94
Nifty 50 TRI - Scheme Benchmark (₹) 1,37,023 4,61,308 NA 6,80,421
Nifty 50 TRI - Scheme Benchmark Returns (%) 27.82 16.89 NA 19.25
S&P BSE Sensex TRI - Additional Benchmark (₹) 1,34,790 4,54,392 NA 6,67,351
S&P BSE Sensex TRI - Additional Benchmark Returns (%) 24.05 15.82 NA 18.21

HSBC Nifty Next 50 Index Fund Inception Date: 15 Apr 20

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 470000
Market Value as on March 28, 2024 (₹) 1,58,703 5,21,399 NA 7,61,352
Scheme Returns (%) 66.04 25.75 NA 25.38
Nifty Next 50 TRI - Scheme Benchmark (₹) 1,59,190 5,26,216 NA 7,71,321
Nifty Next 50 TRI - Scheme Benchmark Returns (%) 66.93 26.43 NA 26.10
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 NA 6,80,421
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 NA 19.25

HSBC Tax Saver Equity Fund Inception Date: 01 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,43,759 4,89,837 10,19,831 34,22,242
Scheme Returns (%) 39.38 21.19 21.43 15.87
Nifty 500 TRI - Scheme Benchmark (₹) 1,42,236 4,85,682 10,25,613 34,91,702
Nifty 500 TRI - Scheme Benchmark Returns (%) 36.74 20.57 21.66 16.20
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,308 9,51,763 32,05,354
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.58 14.80

HSBC Global Equity Climate Change Fund of Fund Inception Date: 22 Mar 21
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 NA 360000
Market Value as on March 28, 2024(₹) 1,31,312 3,89,943 NA 3,89,943
Scheme Returns (%) 18.27 5.29 NA 5.29
MSCI AC World Index TRI - Scheme Benchmark (₹) 1,39,518 4,53,277 NA 4,53,277
MSCI AC World Index TRI - Scheme Benchmark Returns (%) 32.09 15.65 NA 15.65
Nifty 50 TRI - Additional Benchmark (₹) 1,36,968 4,61,633 NA 4,61,633
Nifty 50 TRI - Additional Benchmark Returns (%) 27.75 16.94 NA 16.94
*Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.
Past performance may or may not be sustained in the future. 59
 SIP Performance Equity Schemes - Direct Plan

HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Inception Date: 24 Feb 14
Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1210000
Market Value as on March 28, 2024 (₹) 1,28,892 3,89,102 7,03,355 18,00,248
Scheme Returns (%) 14.30 5.15 6.32 7.66
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark (₹) 1,28,448 3,81,056 6,83,758 17,49,473
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark Returns (%) 13.57 3.75 5.19 7.12
Nifty 50 TRI - Additional Benchmark (₹) 1,36,912 4,61,361 9,50,671 26,47,199
Nifty 50 TRI - Additional Benchmark Returns (%) 27.69 16.91 18.54 14.86

HSBC Brazil Fund Inception Date: 02 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024(₹) 1,28,396 4,02,892 6,55,191 14,85,835
Scheme Returns (%) 13.48 7.50 3.49 1.83
MSCI Brazil 10/40 Index TRI - Scheme Benchmark (₹) 1,30,224 4,38,170 7,61,021 20,47,454
MSCI Brazil 10/40 Index TRI - Scheme Benchmark Returns (%) 16.48 13.27 9.48 7.34
Nifty 50 TRI - Additional Benchmark (₹) 1,36,905 4,61,633 9,51,112 32,06,806
Nifty 50 TRI - Additional Benchmark Returns (%) 27.65 16.95 18.56 14.81

HSBC Global Emerging Markets Fund Inception Date: 02 Jan 13

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1340000
Market Value as on March 28, 2024 (₹) 1,29,368 3,67,268 6,53,472 18,34,915
Scheme Returns (%) 15.08 1.31 3.39 5.48
MSCI Emerging Markets Index TRI - Scheme Benchmark (₹) 1,29,192 3,82,795 6,81,201 19,36,675
MSCI Emerging Markets Index TRI - Scheme Benchmark Returns (%) 14.90 4.06 5.04 6.40
Nifty 50 TRI - Additional Benchmark (₹) 1,36,912 4,61,380 9,50,524 32,03,809
Nifty 50 TRI - Additional Benchmark Returns (%) 27.69 16.92 18.54 14.79

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

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,38,272 4,68,346 9,48,433 24,43,222
Scheme Returns (%) 29.94 17.97 18.44 13.92
Composite Index constituting 80% of S&P BSE 200 TRI Index and 20% of CRISIL
1,38,549 4,64,510 9,43,916 25,29,442
Composite Bond Fund Index - Scheme Benchmark (₹)
Composite Index constituting 80% of S&P BSE 200 TRI Index and 20% of CRISIL
30.41 17.38 18.24 14.58
Composite Bond Fund Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99

HSBC Managed Solutions India – Moderate Inception Date: 30 Apr 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,35,617 4,53,656 8,95,211 22,77,657
Scheme Returns (%) 25.44 15.71 16.07 12.60
CRISIL Hybrid 35+65 - Aggressive Index - Scheme Benchmark (₹) 1,35,993 4,51,448 8,95,583 23,78,202
CRISIL Hybrid 35+65 - Aggressive Index - Scheme Benchmark Returns (%) 26.08 15.36 16.09 13.41
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99

HSBC Managed Solutions India – Conservative Inception Date: 30 Apr 14

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 360000 600000 1190000
Market Value as on March 28, 2024 (₹) 1,26,594 4,02,193 7,15,090 16,82,424
Scheme Returns (%) 10.53 7.38 6.98 6.81
Composite Index constituting 10% of S&P BSE 200 TRI Index and 90% of CRISIL
1,26,913 4,05,260 7,29,765 18,10,846
Composite Bond Fund Index - Scheme Benchmark (₹)
Composite Index constituting 10% of S&P BSE 200 TRI Index and 90% of CRISIL
11.04 7.89 7.79 8.22
Composite Bond Fund Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,37,023 4,61,275 9,52,249 25,70,017
Nifty 50 TRI - Additional Benchmark Returns (%) 27.82 16.89 18.60 14.88
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,25,316 3,94,263 6,83,056 16,13,052
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 8.46 6.03 5.15 5.99
IDCW are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration; For SIP returns, monthly investment of Rs. 10000 invested on the 1st day of every month has been considered.
SIP Return are calculated on XIRR basis.
Past performance may or may not be sustained in the future. 60
 Comparative Performance of Equity Schemes
Fund Manager - Neelotpal Sahai Effective 29 Jul 2020. Total Schemes Managed - 3
Fund Manager - Cheenu Gupta Effective 01 Jun 2023. Total Schemes Managed - 12
HSBC Focused Fund - Regular Plan ~ ~ Inception Date: 22-Jul-20

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Focused Fund 14023 40.49 15586 15.97 NA NA 20482 21.48
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 NA NA 23241 25.72
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 20905 22.15
HSBC Focused Fund - Direct Plan ~ ~ Inception Date: 22-Jul-20
HSBC Focused Fund 14190 42.17 15979 16.94 NA NA 21123 22.50
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 NA NA 23241 25.72
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 20905 22.15

Fund Manager - Abhishek Gupta Effective 01 Mar 2024. Total Schemes Managed - 5
Fund Manager - Venugopal Manghat Effective 01 Apr 2024. Total Schemes Managed - 7
HSBC Flexi Cap Fund - Regular Plan ~ ~ Inception Date: 24-Feb-04

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Flexi Cap Fund 14359 43.87 17349 20.20 21007 15.99 223287 16.71
Scheme Benchmark (NIFTY 500 TRI) 14049 40.75 16970 19.32 22112 17.19 178820 15.42
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 158308 14.73
HSBC Flexi Cap Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Flexi Cap Fund 14468 44.98 17774 21.18 21872 16.93 49572 15.30
Scheme Benchmark (NIFTY 500 TRI) 14049 40.75 16970 19.32 22112 17.19 47973 14.97
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 12
Fund Manager - Abhishek Gupta Effective 01 Apr 2024. Total Schemes Managed - 5
HSBC Large and Mid Cap Fund - Regular Plan ~ ~ Inception Date: 28-Mar-19

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Large and Mid Cap Fund 14242 42.70 17175 19.80 21495 16.52 21495 16.52
Scheme Benchmark (NIFTY Large Midcap 250 TRI) 14598 46.28 18053 21.81 24526 19.63 24526 19.63
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20451 15.37 20451 15.37
HSBC Large and Mid Cap Fund - Direct Plan ~ ~ Inception Date: 28-Mar-19
HSBC Large and Mid Cap Fund 14388 44.17 17808 21.25 22317 17.40 22317 17.40
Scheme Benchmark (NIFTY Large Midcap 250 TRI) 14598 46.28 18053 21.81 24526 19.63 24526 19.63
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20451 15.37 20451 15.37

Fund Manager - Neelotpal Sahai Effective 27 May 2013. Total Schemes Managed - 3
Fund Manager - Gautam Bhupal Effective 01 Jun 2023. Total Schemes Managed - 13
HSBC Large Cap Fund - Regular Plan4 ~ ~ Inception Date: 10-Dec-02
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Large Cap Fund 13589 36.12 15651 16.14 20070 14.94 445544 19.50
Scheme Benchmark (Nifty 100 TRI) 13479 35.01 16002 17.00 20561 15.50 NA NA
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 278876 16.90
HSBC Large Cap Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Large Cap Fund 13716 37.40 16078 17.18 21067 16.06 44005 14.09
Scheme Benchmark (Nifty 100 TRI) 13479 35.01 16002 17.00 20561 15.50 44606 14.22
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 12; Fund Manager - Venugopal Manghat Effective 01 Oct 2023. Total
Schemes Managed - 7; Fund Manager - Sonal Gupta Effective 26 Nov 2022. Total Schemes Managed - 19
HSBC Midcap Fund - Regular Plan8 ~ ~ Inception Date: 09-Aug-04
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Midcap Fund 15512 55.49 17793 21.22 23017 18.13 311837 19.14
Scheme Benchmark (Nifty Midcap 150 TRI) 15754 57.93 20245 26.56 28530 23.31 NA NA

Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 173853 15.64

Past performance may or may not be sustained in the future. 61

 Comparative Performance of Equity Schemes
HSBC Midcap Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Midcap Fund 15678 57.17 18510 22.83 24512 19.63 81591 20.53
Scheme Benchmark (Nifty Midcap 150 TRI) 15754 57.93 20245 26.56 28530 23.31 73959 19.48
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Cheenu Gupta Effective 02 Jul 2021. Total Schemes Managed - 12
Fund Manager - Gautam Bhupal Effective 01 Oct 2023. Total Schemes Managed - 13
Fund Manager - Shriram Ramanathan Effective 30 May 2016. Total Schemes Managed - 10
Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 19
HSBC Aggressive Hybrid Fund* - Regular Plan ~ ~ Inception Date: 07-Feb-11

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Aggressive Hybrid Fund 13028 30.47 14632 13.55 18064 12.55 47263 12.54
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 65:35
12214 22.28 14304 12.70 18464 13.04 41567 11.45
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 48519 12.77
HSBC Aggressive Hybrid Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Aggressive Hybrid Fund 13163 31.82 15087 14.72 18982 13.67 45762 14.48
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 65:35
12214 22.28 14304 12.70 18464 13.04 35945 12.05
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Venugopal Manghat Effective 17 Dec 2019. Total Schemes Managed - 7; Fund Manager - Gautam Bhupal Effective 26 Nov
2022. Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 26 Nov 2022. Total Schemes Managed - 19
HSBC Infrastructure Fund* - Regular Plan ~ ~ Inception Date: 27-Sep-07

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Infrastructure Fund 15461 54.98 22324 30.76 25349 20.43 40626 8.86
Scheme Benchmark (Nifty Infrastructure TRI) 16521 65.67 21076 28.27 27873 22.74 22774 5.11
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 54157 10.77
HSBC Infrastructure Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Infrastructure Fund 15621 56.60 22731 31.55 26379 21.40 62944 17.78
Scheme Benchmark (Nifty Infrastructure TRI) 16521 65.67 21076 28.27 27873 22.74 37504 12.48
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Venugopal Manghat Effective 17 Dec 2019. Total Schemes Managed - 7
Fund Manager - Cheenu Gupta Effective 01 Oct 2023. Total Schemes Managed - 12
Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 19
HSBC Small Cap Fund* - Regular Plan ~ ~ Inception Date: 12-May-14

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Small Cap Fund 14712 47.43 22813 31.71 27607 22.51 65344 20.91
Scheme Benchmark (NIFTY Small Cap 250 TRI) 16415 64.60 21135 28.39 27630 22.53 54029 18.61
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 35942 13.82
HSBC Small Cap Fund - Direct Plan ~ ~ Inception Date: 12-May-14
HSBC Small Cap Fund 14861 48.94 23644 33.29 29243 23.92 70798 21.90
Scheme Benchmark (NIFTY Small Cap 250 TRI) 16415 64.60 21135 28.39 27630 22.53 54029 18.61
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 35942 13.82

Fund Manager - Gautam Bhupal Effective 01 Jun 2023. Total Schemes Managed - 13; Fund Manager - Venugopal Manghat Effective 20 Aug
2014. Total Schemes Managed - 7; Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 19
HSBC Business Cycles Fund* - Regular Plan ~ ~ Inception Date: 20-Aug-14
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Business Cycles Fund 14364 43.93 18026 21.75 22456 17.55 34293 13.68
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 35582 14.12
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 31755 12.77
HSBC Business Cycles Fund - Direct Plan ~ ~ Inception Date: 20-Aug-14
HSBC Business Cycles Fund 14517 45.47 18616 23.06 23629 18.75 37206 14.65
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 35582 14.12
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 31755 12.77

* Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.
Past performance may or may not be sustained in the future. 62
 Comparative Performance of Equity Schemes
Fund Manager - Venugopal Manghat Effective 24 Nov 2012. Total Schemes Managed - 7; Fund Manager - Gautam Bhupal Effective 01 Oct 2023.
Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 19
HSBC Value Fund* - Regular Plan ~ ~ Inception Date: 08-Jan-10
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Value Fund 15115 51.50 20038 26.13 25319 20.40 91500 16.84
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 53867 12.56
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 50478 12.05
HSBC Value Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Value Fund 15261 52.97 20627 27.35 26571 21.57 82155 20.60
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 47973 14.97
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Praveen Ayathan Effective 30 Jun 2014. Total Schemes Managed - 5; Fund Manager - Hitesh Gondhia Effective 01 Oct 2023.
Total Schemes Managed - 3; Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10
HSBC Arbitrage Fund - Regular Plan ~ ~ Inception Date: 30-Jun-14
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Arbitrage Fund 10743 7.47 11656 5.25 12896 5.22 17459 5.88
Scheme Benchmark (Nifty 50 Arbitrage Index) 10812 8.17 11813 5.72 12826 5.10 16973 5.58
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 32979 13.02
HSBC Arbitrage Fund - Direct Plan ~ ~ Inception Date: 30-Jun-14
HSBC Arbitrage Fund 10815 8.19 11893 5.96 13302 5.87 18534 6.53
Scheme Benchmark (Nifty 50 Arbitrage Index) 10812 8.17 11813 5.72 12826 5.10 16973 5.58
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 32979 13.02

Fund Manager - Neelotpal Sahai Effective 26 Nov 2022. Total Schemes Managed - 3; Fund Manager - Gautam Bhupal Effective 01 Oct 2023. Total
Schemes Managed - 13; Fund Manager - Praveen Ayathan Effective 01 Oct 2023. Total Schemes Managed - 5; Fund Manager - Hitesh Gondhia
Effective 01 Oct 2023. Total Schemes Managed - 3; Fund Manager - Sonal Gupta Effective 26 Nov 2022. Total Schemes Managed - 19; Fund Manager
- Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10
HSBC Balanced Advantage Fund* - Regular Plan ~ ~ Inception Date: 07-Feb-11
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Balanced Advantage Fund 12273 22.87 13390 10.24 15965 9.80 38561 10.81
Scheme Benchmark (Nifty 50 Hybrid composite debt 50:50 Index) 11884 18.95 13707 11.10 17558 11.91 38316 10.76
Additional Benchmark (S&P BSE Sensex TRI) 12650 26.66 15423 15.57 20205 15.10 48727 12.80
HSBC Balanced Advantage Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Balanced Advantage Fund 12437 24.52 13946 11.75 17053 11.26 36505 12.21
Scheme Benchmark (Nifty 50 Hybrid composite debt 50:50 Index) 11884 18.95 13707 11.10 17558 11.91 32891 11.17
Additional Benchmark (S&P BSE Sensex TRI) 12650 26.66 15423 15.57 20205 15.10 43525 13.97

Fund Manager - Cheenu Gupta Effective 02 Jul 2021. Total Schemes Managed - 12; Fund Manager - Abhishek Gupta Effective 01 Apr 2024.
Total Schemes Managed - 5; Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10; Fund Manager - Praveen
Ayathan Effective 01 Oct 2023. Total Schemes Managed - 5; Fund Manager - Hitesh Gondhia Effective 01 Oct 2023. Total Schemes Managed - 3
Fund Manager - Sonal Gupta Effective 26 Nov 2022. Total Schemes Managed - 19
HSBC Equity Savings Fund* - Regular Plan ~ ~ Inception Date: 18-Oct-11
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Equity Savings Fund 12075 20.75 13877 11.54 16032 9.90 28603 8.80
Scheme Benchmark (NIFTY Equity Savings Index) 11537 15.37 13129 9.50 15843 9.64 32093 9.81
Additional Benchmark (CRISIL 10 Year Gilt Index) 10852 8.52 11346 4.30 13471 6.14 22725 6.81
HSBC Equity Savings Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Equity Savings Fund 12182 21.82 14257 12.55 16767 10.89 28311 9.69
Scheme Benchmark (NIFTY Equity Savings Index) 11537 15.37 13133 9.51 15843 9.64 27994 9.58
Additional Benchmark (CRISIL 10 Year Gilt Index) 10852 8.52 11346 4.30 13471 6.14 20098 6.40

Fund Manager - Venugopal Manghat Effective 30 Jan 2023. Total Schemes Managed - 7; Fund Manager - Gautam Bhupal Effective 01 Apr
2024. Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 30 Jan 2023. Total Schemes Managed - 19; Fund Manager - Kapil
Punjabi Effective 30 Jan 2023. Total Schemes Managed - 10
HSBC Multi Cap Fund - Regular Plan ~ ~ Inception Date: 30-Jan-23
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Multi Cap Fund 15693 57.32 NA NA NA NA 15749 47.98
Scheme Benchmark (NIFTY 500 Multicap 50:25:25 TRI) 14756 47.88 NA NA NA NA 14490 37.71
Additional Benchmark (Nifty 50 TRI) 13008 30.27 NA NA NA NA 12805 23.79

* Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.
Past performance may or may not be sustained in the future. 63
 Comparative Performance of Equity Schemes
HSBC Multi Cap Fund - Direct Plan ~ ~ Inception Date: 30-Jan-23
HSBC Multi Cap Fund 15906 59.46 NA NA NA NA 15999 50.01
Scheme Benchmark (NIFTY 500 Multicap 50:25:25 TRI) 14756 47.88 NA NA NA NA 14490 37.71
Additional Benchmark (Nifty 50 TRI) 13008 30.27 NA NA NA NA 12805 23.79

Fund Manager - Abhishek Gupta Effective 01 Mar 2024. Total Schemes Managed - 5; Fund Manager - Gautam Bhupal Effective 26 Nov 2022.
Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 21 Jul 2021. Total Schemes Managed - 19
HSBC ELSS Tax saver Fund* - Regular Plan Inception Date: 27-Feb-06

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC ELSS Tax saver Fund 13910 39.35 16133 17.32 20163 15.05 108497 14.08

Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 94048 13.19
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 90522 12.95

HSBC ELSS Tax saver Fund - Direct Plan Inception Date: 01-Jan-13

HSBC ELSS Tax saver Fund 14019 40.45 16515 18.24 20879 15.85 49485 15.28

Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 47973 14.97

Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

Fund Manager - Praveen Ayathan Effective 15 Apr 2020. Total Schemes Managed - 5
Fund Manager - Rajeesh Nair Effective 01 Oct 2023. Total Schemes Managed - 2
HSBC Nifty 50 Index Fund - Regular Plan ~ ~ Inception Date: 15-Apr-20

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Nifty 50 Index Fund 12955 29.73 15475 15.70 NA NA 25428 26.63

Scheme Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 26154 27.53
Additional Benchmark (S&P BSE Sensex TRI) 12650 26.66 15423 15.57 NA NA 25406 26.60

HSBC Nifty 50 Index Fund - Direct Plan ~ ~ Inception Date: 15-Apr-20

HSBC Nifty 50 Index Fund 12987 30.06 15628 16.08 NA NA 25784 27.07

Scheme Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 26154 27.53

Additional Benchmark (S&P BSE Sensex TRI) 12650 26.66 15423 15.57 NA NA 25406 26.60

Fund Manager - Praveen Ayathan Effective 15 Apr 2020. Total Schemes Managed - 5
Fund Manager - Rajeesh Nair Effective 01 Oct 2023. Total Schemes Managed - 2
HSBC Nifty Next 50 Index Fund - Regular Plan ~ ~ Inception Date: 15-Apr-20

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Nifty Next 50 Index Fund 15988 60.30 17626 20.84 NA NA 26007 27.35
Scheme Benchmark (Nifty Next 50 TRI) 16140 61.83 18184 22.10 NA NA 27135 28.72
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 26154 27.53
HSBC Nifty Next 50 Index Fund - Direct Plan ~ ~ Inception Date: 15-Apr-20
HSBC Nifty Next 50 Index Fund 16060 61.02 17865 21.38 NA NA 26474 27.92
Scheme Benchmark (Nifty Next 50 TRI) 16140 61.83 18184 22.10 NA NA 27135 28.72
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 26154 27.53

Fund Manager - Gautam Bhupal Effective 23 Jul 2019. Total Schemes Managed - 13
Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 12
HSBC Tax Saver Equity Fund - Regular Plan Inception Date: 05-Jan-07

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Tax Saver Equity Fund 14129 41.56 16648 18.56 20211 15.10 75712 12.46
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 74192 12.33
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 68774 11.84
HSBC Tax Saver Equity Fund - Direct Plan Inception Date: 01-Jan-13
HSBC Tax Saver Equity Fund 14269 42.97 17234 19.93 21451 16.48 49568 15.30
Scheme Benchmark (Nifty 500 TRI) 14049 40.75 16970 19.32 22112 17.19 47973 14.97
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42959 13.84

*Note - Mr. Sonal Gupta shall be dedicated fund manager for investments in foreign securities by all the schemes of HSBC Mutual Fund.
Past performance may or may not be sustained in the future. 64
 Comparative Performance of Equity Schemes
Fund Manager - Gautam Bhupal Effective 31 Aug 2023. Total Schemes Managed - 12
Fund Manager - Anish Goenka Effective 01 Oct 2023. Total Schemes Managed - 1
Fund Manager - Sonal Gupta Effective 31 Aug 2023. Total Schemes Managed - 19
HSBC Consumption Fund - Regular Plan Inception Date: 31-Aug-23
Fund / Benchmark 6 Months Since Inception
(Value of ₹10,000 invested) Amount in ` Returns (%) Amount in ` Returns (%)
HSBC Consumption Fund 11,729 37.93 11,978 34.38
Scheme Benchmark (Nifty India Consumption TRI) 11,839 40.54 12,244 39.01
Additional Benchmark (Nifty 50 TRI) 11,320 28.42 11,637 28.45
HSBC Consumption Fund - Direct Plan Inception Date: 31-Aug-23
HSBC Consumption Fund 11,798 39.58 12,074 36.05
Scheme Benchmark (Nifty India Consumption TRI) 11,839 40.54 12,244 39.01
Additional Benchmark (Nifty 50 TRI) 11,320 28.42 11,637 28.45

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 19
Fund Manager - Kapil Punjabi Effective 22 Mar 2021. Total Schemes Managed - 10
HSBC Global Equity Climate Change Fund of Fund
Inception Date: 22-Mar-21
- Regular Plan ~ ~
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Global Equity Climate Change Fund of Fund 10734 7.38 9885 -0.39 NA NA 9942 -0.19
Scheme Benchmark (MSCI AC World TRI) 12502 25.17 13935 11.72 NA NA 14082 12.01
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 15690 16.09
HSBC Global Equity Climate Change Fund of Fund - Direct Plan ~ ~ Inception Date: 22-Mar-21
HSBC Global Equity Climate Change Fund of Fund 10809 8.14 10112 0.37 NA NA 10173 0.57
Scheme Benchmark (MSCI AC World Index TRI) 12502 25.17 13935 11.72 NA NA 14082 12.01
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 NA NA 15690 16.09

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 19

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

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund 10708 7.12 10021 0.07 13607 6.35 19358 6.76
Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI) 10659 6.63 9717 -0.95 13789 6.63 20569 7.40
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 40780 14.94
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund - Direct Plan ~ ~ Inception Date: 24-Feb-14
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund 10764 7.68 10228 0.76 14100 7.11 20792 7.52
Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI) 10659 6.63 9717 -0.95 13789 6.63 20569 7.40
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 40780 14.94

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 19

HSBC Brazil Fund - Regular Plan ~ ~ Inception Date: 06-May-11

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Brazil Fund 12183 21.96 11062 3.43 8908 -2.29 7498 -2.21
Scheme Benchmark (MSCI Brazil 10/40 Index TRI) 12960 29.79 13742 11.20 12656 4.82 15815 3.62
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 47086 12.76
HSBC Brazil Fund - Direct Plan ~ ~ Inception Date: 02-Jan-13
HSBC Brazil Fund 12259 22.73 11303 4.18 9247 -1.55 8124 -1.83
Scheme Benchmark (MSCI Brazil 10/40 Index TRI) 12960 29.79 13742 11.20 12656 4.82 15447 3.94
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42655 13.77

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 19

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

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Global Emerging Markets Fund 10722 7.26 8845 -4.02 12702 4.90 17658 3.61

Scheme Benchmark (MSCI Emerging Markets Index TRI) 10949 9.54 9728 -0.92 13385 6.00 30040 7.10

Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 59964 11.81

Past performance may or may not be sustained in the future. 65

 Comparative Performance of Equity Schemes
HSBC Global Emerging Markets Fund - Direct Plan ~ ~ Inception Date: 02-Jan-13

HSBC Global Emerging Markets Fund 10796 8.00 9032 -3.34 13160 5.64 16927 4.79

Scheme Benchmark (MSCI Emerging Markets Index TRI) 10949 9.54 9728 -0.92 13385 6.00 19435 6.09

Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 42655 13.77

Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13
Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 12
HSBC Managed Solutions India – Growth - Regular Plan ~ ~ Inception Date: 30-Apr-14

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Managed Solutions India – Growth 13184 32.04 15424 15.57 19563 14.36 35115 13.50
Scheme Benchmark (Composite Index constituting 80% of S&P
BSE 200 TRI Index and 20% of CRISIL Composite Bond Fund 13196 32.16 15630 16.08 20410 15.33 38218 14.47
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

HSBC Managed Solutions India – Growth - Direct Plan ~ ~ Inception Date: 30-Apr-14

HSBC Managed Solutions India – Growth 13304 33.25 15689 16.23 20039 14.91 36449 13.93
Scheme Benchmark (Composite Index constituting 80% of S&P
BSE 200 TRI Index and 20% of CRISIL Composite Bond Fund 13196 32.16 15630 16.08 20410 15.33 38218 14.47
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13
Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 12
HSBC Managed Solutions India – Moderate - Regular Plan ~ ~ Inception Date: 30-Apr-14

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Managed Solutions India – Moderate 12654 26.71 14528 13.28 18061 12.54 30960 12.07
Scheme Benchmark (CRISIL Hybrid 35+65 - Aggressive Fund
12726 27.43 14840 14.09 19349 14.10 35056 13.48
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

HSBC Managed Solutions India – Moderate - Direct Plan ~ ~ Inception Date: 30-Apr-14

HSBC Managed Solutions India – Moderate 12786 28.03 14864 14.15 18703 13.33 32456 12.60
Scheme Benchmark (CRISIL Hybrid 35+65 - Aggressive Fund
12726 27.43 14840 14.09 19349 14.10 35056 13.48
Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13
Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 12
HSBC Managed Solutions India – Conservative
Inception Date: 30-Apr-14
- Regular Plan ~ ~
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Managed Solutions India – Conservative 10940 9.45 11746 5.52 13197 5.70 19627 7.04
Scheme Benchmark (Composite Index constituting 10% of S&P BSE
11096 11.02 12186 6.82 14984 8.42 23581 9.03
200 TRI Index and 90% of CRISIL Composite Bond Fund Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

HSBC Managed Solutions India – Conservative - Direct Plan ~ ~ Inception Date: 30-Apr-14

HSBC Managed Solutions India – Conservative 11024 10.29 12016 6.32 13699 6.49 20626 7.57
Scheme Benchmark (Composite Index constituting 10% of S&P BSE
11096 11.02 12186 6.82 14984 8.42 23581 9.03
200 TRI Index and 90% of CRISIL Composite Bond Fund Index)
Additional Benchmark (Nifty 50 TRI) 13008 30.27 15736 16.35 20356 15.27 37649 14.30

Additional Benchmark (CRISIL 10 Year Gilt Index) 10850 8.55 11343 4.30 13477 6.15 19731 7.09

Past performance may or may not be sustained in the future. 66

 Comparative Performance of Debt Schemes
Fund Manager - Kapil Punjabi Effective 14 Mar 2014. Total Schemes Managed - 10
Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Liquid Fund
Inception Date: 04-Dec-02
- Regular Plan7 ~ ~ ~
7 Days 15 Days 30 Days 1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%) in ` (%) in ` (%) in ` (%)

HSBC Liquid Fund 10016 9.95 10030 8.08 10059 7.67 10718 7.18 11705 5.39 12858 5.16 24033 7.05
Scheme Benchmark (NIFTY
10011 7.22 10027 7.18 10056 7.29 10730 7.30 11745 5.51 12893 5.21 24175 7.10
Liquid Index A-I)
Additional Benchmark
10012 7.44 10024 6.38 10056 7.25 10721 7.21 11624 5.15 13073 5.51 22750 6.59
(CRISIL 1 Year T Bill Index)
HSBC Liquid Fund - Direct
Inception Date: 01-Jan-13
Plan ~ ~ ~
HSBC Liquid Fund 10016 10.05 10030 8.18 10060 7.77 10731 7.29 11737 5.48 12914 5.24 20992 6.81
Scheme Benchmark (NIFTY
10011 7.22 10027 7.18 10056 7.29 10733 7.30 11747 5.51 12902 5.22 20838 6.74
Liquid Index A-I)
Additional Benchmark
10012 7.44 10024 6.38 10056 7.25 10723 7.21 11626 5.15 13081 5.51 20150 6.42
(CRISIL 1 Year T Bill Index)

Fund Manager - Kapil Punjabi Effective 31 Mar 2022. Total Schemes Managed - 10
Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10
HSBC CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund - Regular
Inception Date: 31-Mar-22
Plan ~ ~
1 Year 3 Years 5 Years Since Inception
Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund 10728 7.26 NA NA NA NA 11178 5.72
Scheme Benchmark (CRISIL IBX 50:50 Gilt Plus SDL Index - April
10781 7.79 NA NA NA NA 11247 6.04
2028)
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 NA NA NA NA 11226 5.95
HSBC CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund - Direct Plan ~ ~ Inception Date: 31-Mar-22
HSBC CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund 10750 7.48 NA NA NA NA 11223 5.93
Scheme Benchmark (CRISIL IBX 50:50 Gilt Plus SDL Index - April
10781 7.79 NA NA NA NA 11247 6.04
2028)
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 NA NA NA NA 11226 5.95

Fund Manager - Kapil Punjabi Effective 23 Mar 2023. Total Schemes Managed - 10
Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10
HSBC CRISIL IBX Gilt June 2027 Index Fund - Regular ~ ~ Inception Date: 23-Mar-23

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC CRISIL IBX Gilt June 2027 IndexFund 10717 7.15 NA NA NA NA 10753 7.34
Scheme Benchmark (CRISIL-IBX Gilt Index - June 2027) 10765 7.63 NA NA NA NA 10791 7.71
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 NA NA NA NA 10892 8.69
HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan ~ ~ Inception Date: 23-Mar-23
HSBC CRISIL IBX Gilt June 2027 Index Fund 10747 7.45 NA NA NA NA 10784 7.64
Scheme Benchmark (CRISIL-IBX Gilt Index - June 2027) 10765 7.63 NA NA NA NA 10791 7.71
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 NA NA NA NA 10892 8.69

Fund Manager - Kapil Punjabi Effective 15 Jul 2023. Total Schemes Managed - 10
Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Medium to Long Duration Fund - Regular Plan ~ ~ Inception Date: 10-Dec-02

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Medium to Long Duration Fund 10644 6.43 11223 3.92 12964 5.32 38435 6.52
Scheme Benchmark (NIFTY Medium to Long Duration Debt
10819 8.16 11676 5.30 14243 7.31 41143 6.86
Index A-III)9
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 34596 5.99

HSBC Medium to Long Duration Fund - Direct Plan ~ ~ Inception Date: 07-Jan-13

HSBC Medium to Long Duration Fund 10776 7.74 11564 4.96 13581 6.30 21091 6.87
Scheme Benchmark (NIFTY Medium to Long Duration Debt
10819 8.16 11676 5.30 14243 7.31 22328 7.41
Index A-III) 9
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 19941 6.34

Past performance may or may not be sustained in the future. 67

 Comparative Performance of Debt Schemes
Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 10; Fund Manager - Cheenu Gupta Effective 26 Nov 2022.
Total Schemes Managed - 12; Fund Manager - Abhishek Gupta Effective 01 Apr 2024. Total Schemes Managed - 5
HSBC Conservative Hybrid Fund - Regular Plan ~ ~ Inception Date: 24-Feb-04

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Conservative Hybrid Fund 11415 14.15 12492 7.70 14564 7.81 51687 8.51
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 15:85 Index) 11136 11.36 12364 7.33 15316 8.90 50926 8.43
Additional Benchmark (CRISIL 10 year Gilt Index) 10852 8.52 11346 4.30 13471 6.14 30090 5.63
HSBC Conservative Hybrid Fund - Direct Plan ~ ~ Inception Date: 11-Jan-13
HSBC Conservative Hybrid Fund 11509 15.09 12794 8.56 15169 8.68 25271 8.61
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 15:85 Index) 11136 11.36 12364 7.33 15323 8.90 25799 8.81
Additional Benchmark (CRISIL 10 year Gilt Index) 10852 8.52 11346 4.30 13475 6.14 19874 6.31

Fund Manager - Kapil Punjabi Effective 22 May 2019. Total Schemes Managed - 10
Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Overnight Fund - Regular Plan ~ ~ ~ Inception Date: 22-May-19

7 Days 15 Days 30 Days 1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%) in ` (%) in ` (%) in ` (%)

HSBC Overnight Fund 10011 6.95 10025 6.68 10050 6.54 10671 6.69 11598 5.06 NA NA 12389 4.50
Scheme Benchmark (NIFTY
10011 6.87 10025 6.75 10051 6.64 10679 6.83 11648 5.23 NA NA 12533 4.76
1D Rate Index)
Additional Benchmark
10012 7.44 10024 6.38 10056 7.25 10723 7.21 11626 5.15 NA NA 12967 5.49
(CRISIL 1 Year T Bill Index)
HSBC Overnight Fund - Direct Plan ~ ~ ~ Inception Date: 22-May-19
HSBC Overnight Fund 10011 7.05 10025 6.78 10051 6.64 10681 6.79 11636 5.17 NA NA 12517 4.72
Scheme Benchmark (NIFTY
10011 6.87 10025 6.75 10051 6.64 10679 6.83 11648 5.23 NA NA 12533 4.76
1D Rate Index)
Additional Benchmark
10012 7.44 10024 6.38 10056 7.25 10723 7.21 11626 5.15 NA NA 12967 5.49
(CRISIL 1 Year T Bill Index)

Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 10
Fund Manager - Jalpan Shah Effective 26 Nov 2022. Total Schemes Managed - 6
HSBC Ultra Short Duration Fund - Regular Plan ~ ~ ~ Inception Date: 29-Jan-20

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Ultra Short Duration Fund 10719 7.17 11687 5.33 NA NA 12373 5.24

Scheme Benchmark (NIFTY Ultra Short Duration Debt Index A-I) 10758 7.55 11797 5.66 NA NA 12478 5.45
Additional Benchmark (NIFTY Ultra Short Duration Debt Index) 10780 7.78 11905 5.98 NA NA 12618 5.73
Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 NA NA 12363 5.21

HSBC Ultra Short Duration Fund - Direct Plan ~ ~ ~ Inception Date: 29-Jan-20

HSBC Ultra Short Duration Fund 10747 7.45 11767 5.57 NA NA 12496 5.49

Scheme Benchmark (NIFTY Ultra Short Duration Debt Index A-I) 10758 7.55 11797 5.66 NA NA 12478 5.45

Additional Benchmark (NIFTY Ultra Short Duration Debt Index) 10780 7.78 11905 5.98 NA NA 12618 5.73

Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 NA NA 12363 5.21

Fund Manager - Jalpan Shah Effective 30 May 2016. Total Schemes Managed - 6
Fund Manager - Shriram Ramanathan Effective 02 Feb 2015. Total Schemes Managed - 10
HSBC Dynamic Bond Fund - Regular Plan ~ ~ Inception Date: 27-Sep-10

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Dynamic Bond Fund 10751 7.49 11546 4.90 13498 6.17 26906 7.60

Scheme Benchmark (NIFTY Composite Debt Index A-III) 10812 8.10 11693 5.35 14168 7.20 27033 7.63
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 23126 6.40
HSBC Dynamic Bond Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13

HSBC Dynamic Bond Fund 10804 8.02 11699 5.37 13836 6.69 23794 8.01

Scheme Benchmark (NIFTY Composite Debt Index A-III) 10812 8.10 11693 5.35 14168 7.20 22861 7.63

Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Past performance may or may not be sustained in the future. 68

 Comparative Performance of Debt Schemes
Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 10
Fund Manager - Jalpan Shah Effective 30 May 2016. Total Schemes Managed - 6
HSBC Banking and PSU Debt Fund - Regular Plan ~ ~ Inception Date: 12-Sep-12

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Banking and PSU Debt Fund 10688 6.86 11355 4.32 13484 6.15 22034 7.08
Scheme Benchmark (Nifty Banking & PSU Debt Index A-II) 10722 7.20 11579 5.00 13690 6.47 22946 7.45
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20860 6.57
HSBC Banking and PSU Debt Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Banking and PSU Debt Fund 10729 7.27 11485 4.72 13748 6.56 22531 7.49
Scheme Benchmark (Nifty Banking & PSU Debt Index A-II) 10722 7.20 11579 5.00 13690 6.47 22313 7.39
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Fund Manager - Mohd Asif Rizwi Effective 16 Jan 2024. Total Schemes Managed - 2
Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Low Duration Fund - Regular Plan ~ ~ Inception Date: 04-Dec-10

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Low Duration Fund 10738 7.36 11641 5.19 12776 5.01 25198 7.18
Scheme Benchmark (NIFTY Low Duration Debt Index A-I) 10751 7.48 11698 5.36 13287 5.84 26140 7.47
Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 13081 5.51 23266 6.54
HSBC Low Duration Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Low Duration Fund 10780 7.78 11827 5.75 13366 5.96 22358 7.41
Scheme Benchmark (NIFTY Low Duration Debt Index A-I) 10751 7.48 11698 5.36 13287 5.84 21701 7.13
Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 13081 5.51 20150 6.42

Fund Manager - Jalpan Shah Effective 03 Apr 2017. Total Schemes Managed - 6
Fund Manager - Shriram Ramanathan Effective 30 Jun 2014. Total Schemes Managed - 10
HSBC Corporate Bond Fund - Regular Plan5 ~ ~ Inception Date: 31-Mar-97

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Corporate Bond Fund 10723 7.21 11618 5.12 14218 7.28 65992 7.23
Scheme Benchmark (NIFTY Corporate Bond Index A-II) 10741 7.39 11643 5.20 13810 6.65 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 NA NA
HSBC Corporate Bond Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Corporate Bond Fund 10759 7.57 11737 5.48 14461 7.64 22821 7.61
Scheme Benchmark (NIFTY Corporate Bond Index A-II) 10741 7.39 11643 5.20 13810 6.65 22688 7.55
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Fund Manager - Kapil Punjabi Effective 26 Nov 2022. Total Schemes Managed - 10
Fund Manager - Shriram Ramanathan Effective 21 Mar 2020. Total Schemes Managed - 10
HSBC Money Market Fund - Regular Plan ~ ~ Inception Date: 10-Aug-05

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Money Market Fund 10723 7.21 11596 5.06 13037 5.43 36131 7.13
Scheme Benchmark (NIFTY Money Market Index A-I) 10745 7.43 11738 5.48 13026 5.42 37725 7.38
Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 13081 5.51 30022 6.07
HSBC Money Market Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Money Market Fund 10756 7.54 11740 5.49 13325 5.90 22436 7.45
Scheme Benchmark (NIFTY Money Market Index A-I) 10745 7.43 11738 5.48 13026 5.42 21203 6.91
Additional Benchmark (CRISIL 1 Year T Bill Index) 10723 7.21 11626 5.15 13081 5.51 20150 6.42

Fund Manager - Shriram Ramanathan Effective 24 Nov 2012. Total Schemes Managed - 10
Fund Manager - Kapil Punjabi Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Credit Risk Fund - Regular Plan ~ ~ Inception Date: 08-Oct-09

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Credit Risk Fund 10671 6.69 11742 5.49 12428 4.43 26199 6.87
Scheme Benchmark (NIFTY Credit Risk Bond Index B-II) 10875 8.73 12432 7.52 14862 8.23 33290 8.66
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 24009 6.23
Past performance may or may not be sustained in the future. 69
 Comparative Performance of Debt Schemes
HSBC Credit Risk Fund - Direct Fund ~ ~ Inception Date: 01-Jan-13
HSBC Credit Risk Fund - Direct Plan 10757 7.55 12028 6.34 12949 5.29 21855 7.20
Scheme Benchmark (NIFTY Credit Risk Bond Index B-II) 10875 8.73 12432 7.52 14862 8.23 25397 8.64
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Fund Manager - Jalpan Shah Effective 30 May 2016. Total Schemes Managed - 6
Fund Manager - Mohd Asif Rizwi Effective 16 Jan 2024. Total Schemes Managed - 2
HSBC Short Duration Fund - Regular Plan ~ ~ Inception Date: 27-Dec-11

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Short Duration Fund 10684 6.82 11487 4.73 12895 5.21 22573 6.86
Scheme Benchmark (NIFTY Short Duration Debt Index A-II)10 10746 7.44 11665 5.26 13636 6.39 24778 7.68
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 22212 6.72
HSBC Short Duration Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Short Duration Fund 10735 7.33 11656 5.23 13711 6.50 22876 7.63
Scheme Benchmark (NIFTY Short Duration Debt Index A-II) 10 10746 7.44 11665 5.26 13636 6.39 22350 7.41
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Fund Manager - Jalpan Shah Effective 30 May 2016. Total Schemes Managed - 6
Fund Manager - Shriram Ramanathan Effective 03 Apr 2017. Total Schemes Managed - 10
HSBC Gilt Fund - Regular Plan6 ~ ~ Inception Date: 29-Mar-00

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Gilt Fund 10684 6.82 11341 4.28 13341 5.92 60594 7.79
Scheme Benchmark (NIFTY All Duration G-Sec Index) 10917 9.15 11864 5.86 14285 7.38 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 NA NA
HSBC Gilt Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Gilt Fund 10815 8.13 11760 5.55 14173 7.21 25715 8.76
Scheme Benchmark (NIFTY All Duration G-Sec Index) 10917 9.15 11864 5.86 14285 7.38 22248 7.37
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 20090 6.40

Fund Manager - Shriram Ramanathan Effective 02 Feb 2015. Total Schemes Managed - 10
Fund Manager - Kapil Punjabi Effective 26 Nov 2022. Total Schemes Managed - 10
HSBC Medium Duration Fund - Regular Plan ~ ~ Inception Date: 02-Feb-15

1 Year 3 Years 5 Years Since Inception

Fund / Benchmark
(Value of ₹10,000 invested) Amount Returns Amount Returns Amount Returns Amount Returns
in ` (%) in ` (%) in ` (%) in ` (%)
HSBC Medium Duration Fund 10763 7.61 11663 5.26 13545 6.24 18420 6.89
Scheme Benchmark (NIFTY Medium Duration Debt Index A-III) 10757 7.55 11583 5.02 14127 7.14 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 17441 6.26
HSBC Medium Duration Fund - Direct Plan ~ ~ Inception Date: 02-Feb-15
HSBC Medium Duration Fund 10839 8.36 11950 6.11 14135 7.15 19927 7.81
Scheme Benchmark (NIFTY Medium Duration Debt Index A-III) 10757 7.55 11583 5.02 14127 7.14 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10854 8.52 11347 4.30 13482 6.14 17441 6.26
4
HSBC Large Cap Fund: The launch date of the Nifty 100 TRI is Jan 01, 2003 whereas the inception date of the scheme is Dec 10, 2002. The corresponding benchmark returns since inception of the scheme
not available. (Methodology Document for Equity Indices (niftyindices.com))
5
HSBC Corporate Bond Fund: The launch date of the NIFTY Corporate Bond Index B-III is Sep 03, 2001 whereas the inception date of the scheme is Mar 31, 1997. The corresponding benchmark returns
since inception of the scheme not available. ( NSE_Indices_Riskometer_2022-11.pdf (niftyindices.com))
6
HSBC Gilt Fund: The launch date of the NIFTY All Duration G-Sec Index is Sep 03, 2001 whereas the inception date of the scheme is Mar 29, 2000. The corresponding benchmark returns since inception of
the scheme not available. ( NSE_Indices_Riskometer_2022-11.pdf (niftyindices.com))
7
HSBC Liquid Fund: Since there was no continuous NAV history available for the surviving Plan of HSBC Liquid Fund prior to May 19, 2011, returns since the said date have been considered for calculating
Since Inception performance. The inception date of HSBC Liquid Fund however is December 04, 2002.
8
HSBC Midcap Fund: The launch date of the Nifty Midcap 150 TRI is Apr 01, 2005 whereas the inception date of the scheme is Aug 09, 2004. The corresponding benchmark returns since inception of the
scheme not available. (Methodology Document for Equity Indices (niftyindices.com))
9
HSBC Medium to Long Duration Fund - Effective September 04, 2023 the Benchmark has been changed from NIFTY Medium to Long Duration Debt Index B-III to NIFTY Medium to Long Duration Debt
Index A-III.
10
HSBC Short Duration Fund - Effective September 04, 2023 the Benchmark has been changed from NIFTY Short Duration Debt Index B-II to NIFTY Short Duration Debt Index A-II.
Since inception returns are to be provided since the date of allotment of units.
Additional benchmark as per clause 13.3.4 of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023.
IDCW are assumed to be reinvested and Bonus is adjusted.
The performance details provided herein are of Regular as well as 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 March 2024 for the respective schemes. Returns for 1 year and Above are Compounded Annualized. Returns for less than 1 year is
Simple Annualized. 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 Regular Plan. 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.
&
Post merger performance of the surviving scheme, arising out of merger of schemes with similar features, is computed as per the provisions of Clause 13.4 of SEBI Master Circular No- SEBI/HO/IMD/IMD-PoD-
1/P/CIR/2023/74 dated May 19, 2023 using the weighted average performance of both transferor and transferee schemes. In other cases, performance is computed using the Applicable NAV of the surviving/
continuing schemes. ~~ Face value Rs 10 and ~~~ Face value Rs 1000
Returns for schemes (i.e. Equity, certain Hybrid & FOF schemes) where benchmark indices are not available as on March 31, 2024 have been calculated as on last business day of the month i.e. March 28,
2024. For rest of the schemes, where benchmark indices are available as on March 31, 2024, returns have been calculated as on last calendar day of the month i.e. March 31, 2024.

Past performance may or may not be sustained in the future. 70

 Income Distribution cum Capital Withdrawal (IDCW) History For HSBC Schemes
Record Date/ Individual / Other Cum IDCW Record Date/ Individual / Other Cum IDCW
Plans/Options HUF NAV Plans/Options HUF NAV
HSBC Arbitrage Fund - Direct Plan - Monthly IDCW HSBC Overnight Fund-Regular Plan - Monthly IDCW
22-Mar-24 0.08 0.08 10.6361 25-Mar-24 4.9275 4.9275 1000.0013
23-Feb-24 0.10 0.10 10.6888 26-Feb-24 5.6939 5.6939 1000.0013
24-Nov-23 0.07 0.07 10.5358 25-Jan-24 5.4715 5.4715 1000.0013
HSBC Arbitrage Fund - Regular Plan - Monthly IDCW HSBC Liquid Fund-Direct Plan - Monthly IDCW
22-Mar-24 0.07 0.07 10.5481 25-Mar-24 5.7697 5.7697 1037.8864
23-Feb-24 0.09 0.09 10.5965 26-Feb-24 6.6608 6.6608 1037.8864
24-Nov-23 0.06 0.06 10.4527 25-Jan-24 6.4167 6.4167 1037.8864
HSBC Arbitrage Fund - Direct Plan - Quarterly IDCW HSBC Liquid Fund-Regular Plan - Monthly IDCW
22-Mar-24 0.21 0.21 11.4599 25-Mar-24 5.4954 5.4954 1002.3019
22-Dec-23 0.21 0.21 11.4337 26-Feb-24 6.3440 6.3440 1002.3019
29-Sep-23 0.25 0.25 11.5014 25-Jan-24 6.1131 6.1131 1002.3019
HSBC Arbitrage Fund - Regular Plan - Quarterly IDCW HSBC Banking and PSU Debt Fund-Direct Plan - Monthly IDCW
22-Mar-24 0.18 0.18 11.2126 26-Mar-24 0.0700 0.0700 11.2734
22-Dec-23 0.18 0.18 11.1798 26-Feb-24 0.0700 0.0700 11.2829
29-Sep-23 0.22 0.22 11.2386 25-Jan-24 0.0700 0.0700 11.2724
HSBC Aggressive Hybrid Fund-Direct Plan - Annual IDCW HSBC Banking and PSU Debt Fund-Regular Plan - Monthly IDCW
26-Feb-24 1.7000 1.7000 19.8621 26-Mar-24 0.0700 0.0700 10.6664
HSBC Aggressive Hybrid Fund-Regular Plan - Annual IDCW 26-Feb-24 0.0700 0.0700 10.6823
26-Feb-24 1.5000 1.5000 17.8919 25-Jan-24 0.0700 0.0700 10.6797
HSBC Aggressive Hybrid Fund-Direct Plan - IDCW HSBC Corporate Bond Fund - Direct Plan - Monthly IDCW
26-Mar-24 0.2400 0.2400 31.4132 21-Nov-22 0.0638 0.0638 10.1828
26-Feb-24 0.2000 0.2000 31.7489 25-Oct-22 0.0404 0.0404 10.1594
25-Jan-24 0.1900 0.1900 30.8468 25-Aug-22 0.0546 0.0546 10.1793
HSBC Aggressive Hybrid Fund-Regular Plan - IDCW HSBC Corporate Bond Fund - Regular Plan - Monthly IDCW
26-Mar-24 0.2100 0.2100 26.9176 21-Nov-22 0.0600 0.0600 10.1015
26-Feb-24 0.1700 0.1700 27.2262 25-Aug-22 0.0214 0.0214 10.0354
25-Jan-24 0.1700 0.1700 26.4834 25-Mar-22 0.0196 0.0196 10.0521
HSBC Balanced Advantage Fund-Direct Plan - IDCW HSBC Corporate Bond Fund - Direct Plan - Quarterly IDCW
26-Mar-24 0.1450 0.1450 22.3536 26-Mar-24 0.2200 0.2200 11.4799
26-Feb-24 0.1400 0.1400 22.7079 26-Dec-23 0.2200 0.2200 11.4677
25-Jan-24 0.1350 0.1350 21.9914 25-Sep-23 0.2100 0.2100 11.5037
HSBC Balanced Advantage Fund-Regular Plan - IDCW HSBC Corporate Bond Fund - Regular Plan - Quarterly IDCW
26-Mar-24 0.1250 0.1250 19.2107 26-Mar-24 0.2100 0.2100 11.1078
26-Feb-24 0.1200 0.1200 19.5355 26-Dec-23 0.2100 0.2100 11.1024
25-Jan-24 0.1200 0.1200 18.9449 25-Sep-23 0.2000 0.2000 11.1433
HSBC Equity Savings Fund-Direct Plan - Quarterly IDCW HSBC Corporate Bond Fund - Quarterly IDCW
26-Mar-24 0.3200 0.3200 16.7968 26-Mar-24 0.2100 0.2100 11.1078
26-Dec-23 0.3000 0.3000 16.4786 26-Dec-23 0.2100 0.2100 11.1024
25-Sep-23 0.2750 0.2750 15.9301 25-Sep-23 0.2000 0.2000 11.1433
HSBC Equity Savings Fund-Regular Plan - Quarterly IDCW HSBC Corporate Bond Fund - Quarterly IDCW
26-Mar-24 0.2900 0.2900 15.3931 26-Mar-24 0.2100 0.2100 11.1078
26-Dec-23 0.2800 0.2800 15.1396 26-Dec-23 0.2100 0.2100 11.1024
25-Sep-23 0.2500 0.2500 14.6654
25-Sep-23 0.2000 0.2000 11.1433
HSBC Equity Savings Fund-Direct Plan - Monthly IDCW
HSBC Corporate Bond Fund - Direct Plan- Semi Annual IDCW
26-Mar-24 0.1000 0.1000 16.0227
26-Feb-24 0.1000 0.1000 16.1825 26-Mar-24 0.7800 0.7800 20.4858
25-Jan-24 0.0950 0.0950 15.8593 25-Sep-23 0.6500 0.6500 20.4168
HSBC Equity Savings Fund-Regular Plan - Monthly IDCW HSBC Corporate Bond Fund - Regular Plan- Semi Annual IDCW
26-Mar-24 0.0900 0.0900 14.2805 26-Mar-24 0.6500 0.6500 17.1895
26-Feb-24 0.0900 0.0900 14.4340 25-Sep-23 0.6000 0.6000 17.2145
25-Jan-24 0.0850 0.0850 14.1571 HSBC Corporate Bond Fund - Direct Plan - Annual IDCW
HSBC Business Cycles Fund -Direct Plan - Monthly IDCW 26-Mar-24 0.9500 0.9500 12.5673
25-Aug-23 1.2500 1.2500 21.7422
HSBC Corporate Bond Fund - Regular Plan - Annual IDCW
22-Jul-22 1.2000 1.2000 18.5470
26-Mar-24 0.9300 0.9300 12.3461
23-Jul-21 1.1000 1.1000 18.2520
HSBC Business Cycles Fund -Regular Plan - Monthly IDCW HSBC Credit Risk Fund -Direct Plan - IDCW
25-Aug-23 1.2000 1.2000 20.5047 26-Mar-24 0.075 0.075 11.116
22-Jul-22 1.1000 1.1000 17.6530 26-Feb-24 0.075 0.075 11.1299
23-Jul-21 1.0000 1.0000 17.5020 25-Jan-24 0.075 0.075 11.0929
HSBC Value Fund - Direct Plan -IDCW HSBC Credit Risk Fund -Regular Plan - IDCW
25-Jan-24 4.5000 4.5000 59.7744 26-Mar-24 0.07 0.07 10.2915
25-Jan-23 3.5000 3.5000 44.8922
26-Feb-24 0.065 0.065 10.3063
24-Jun-22 2.0000 2.0000 39.0840
25-Jan-24 0.065 0.065 10.3073
HSBC Value Fund - Regular Plan -IDCW
25-Jan-24 4.5000 4.5000 49.7006 HSBC Credit Risk Fund -Direct Plan - Annual IDCW
25-Jan-23 3.5000 3.5000 38.2523 26-Mar-24 1.05 1.05 13.1627
24-Jun-22 1.7500 1.7500 33.5300 HSBC Credit Risk Fund -Regular Plan - Annual IDCW
HSBC Overnight Fund-Direct Plan - Monthly IDCW 26-Mar-24 1 1 12.353
25-Mar-24 5.0038 5.0038 1000.0013
26-Feb-24 5.7819 5.7819 1000.0013
25-Jan-24 5.5538 5.5538 1000.0013

71
 Income Distribution cum Capital Withdrawal (IDCW) History For HSBC Schemes
Record Date/ Individual / Other Cum IDCW Record Date/ Individual / Other Cum IDCW
Plans/Options HUF NAV Plans/Options HUF NAV
HSBC Gilt Fund-Direct Plan - Quarterly IDCW HSBC ELSS Tax saver Fund-Regular Plan - IDCW
26-Mar-24 0.2300 0.2300 12.6398 26-Mar-24 2.0000 2.0000 27.0898
26-Dec-23 0.2300 0.2300 12.5404 28-Nov-23 2.0000 2.0000 25.9282
25-Sep-23 0.2300 0.2300 12.5516 27-Mar-23 2.0000 2.0000 23.0259
HSBC Gilt Fund-Regular Plan - Quarterly IDCW HSBC Midcap Fund-Direct Plan - IDCW
26-Mar-24 0.2000 0.2000 11.0940 25-Aug-23 5.5000 5.5000 66.1069
26-Dec-23 0.2000 0.2000 11.0377 26-Aug-22 4.2500 4.2500 59.6000
25-Sep-23 0.2000 0.2000 11.0784 26-Aug-21 3.7500 3.7500 59.8100
HSBC Ultra Short Duration Fund -Direct Plan - IDCW HSBC Midcap Fund-Regular Plan - IDCW
26-Mar-24 6.1448 6.1448 1017.5270 25-Aug-23 5.0000 5.0000 59.6460
26-Feb-24 6.7603 6.7603 1018.1425 26-Aug-22 3.7500 3.7500 54.2400
25-Jan-24 5.9935 5.9935 1017.3757 26-Aug-21 3.5000 3.5000 55.0900
HSBC Ultra Short Duration Fund -Regular Plan - IDCW HSBC Small Cap Fund-Direct Plan - IDCW
26-Mar-24 6.0259 6.0259 1033.0092 25-May-23 3.0000 3.0000 36.9292
26-Feb-24 6.6299 6.6299 1033.6132 21-Oct-22 2.0000 2.0000 35.4780
25-Jan-24 5.8659 5.8659 1032.8492 22-Oct-21 1.7000 1.7000 33.9050
HSBC Short Duration Fund-Direct Plan - Monthly IDCW HSBC Small Cap Fund-Regular Plan - IDCW
26-Mar-24 0.0589 0.0589 11.7746 25-May-23 3.0000 3.0000 33.4612
26-Feb-24 0.0781 0.0781 11.7938 21-Oct-22 1.8500 1.8500 32.3730
25-Jan-24 0.0709 0.0709 11.7866 22-Oct-21 1.5000 1.5000 31.2030
HSBC Short Duration Fund-Regular Plan - Monthly IDCW HSBC Medium to Long Duration Fund- Direct Plan - Quarterly IDCW
26-Mar-24 0.0513 0.0513 11.0981 26-Mar-24 0.1950 0.1950 10.7304
26-Feb-24 0.0690 0.0690 11.1158 26-Dec-23 0.1800 0.1800 10.6759
25-Jan-24 0.0625 0.0625 11.1093 25-Sep-23 0.1900 0.1900 10.6994
HSBC Short Duration Fund-Direct Plan - Quarterly IDCW HSBC Medium to Long Duration Fund- Regular Plan - Quarterly IDCW
26-Mar-24 0.2200 0.2200 11.4678 26-Mar-24 0.1850 0.1850 10.7943
26-Dec-23 0.2200 0.2200 11.4868 26-Dec-23 0.0800 0.0800 10.6706
25-Sep-23 0.2100 0.2100 11.4938 25-Sep-23 0.1650 0.1650 10.7015
HSBC Short Duration Fund-Regular Plan - Quarterly IDCW HSBC Money Market Fund - Direct Plan - Monthly IDCW
26-Mar-24 0.2000 0.2000 10.6557 26-Mar-24 0.0763 0.0763 12.2654
26-Dec-23 0.2000 0.2000 10.6814 26-Feb-24 0.0811 0.0811 12.2702
25-Sep-23 0.2000 0.2000 10.7053 25-Jan-24 0.0736 0.0736 12.2627
HSBC Short Duration Fund-Direct Plan - Annual IDCW HSBC Money Market Fund - Regular Plan - Monthly IDCW
26-Mar-24 1.0000 1.0000 13.0801 26-Mar-24 0.0693 0.0693 11.6090
HSBC Short Duration Fund-Regular Plan - Annual IDCW 26-Feb-24 0.0735 0.0735 11.6132
26-Mar-24 0.9500 0.9500 12.5516 25-Jan-24 0.0667 0.0667 11.6064
HSBC Low Duration Fund-Direct Plan - Monthly IDCW HSBC Conservative Hybrid Fund -Direct Plan - Monthly IDCW
26-Mar-24 0.07047491 0.07047491 11.1204 26-Mar-24 0.1050 0.1050 16.9014
26-Feb-24 0.07371429 0.07371429 11.1236 26-Feb-24 0.1050 0.1050 16.9785
25-Jan-24 0.06468424 0.06468424 11.1146 25-Jan-24 0.1000 0.1000 16.8061
HSBC Low Duration Fund-Regular Plan - Monthly IDCW HSBC Conservative Hybrid Fund -Regular - Monthly IDCW
26-Mar-24 0.06282376 0.06282376 10.4027 26-Mar-24 0.0800 0.0800 12.8489
26-Feb-24 0.06551076 0.06551076 10.4054 26-Feb-24 0.0800 0.0800 12.9159
25-Jan-24 0.05720195 0.05720195 10.3971 25-Jan-24 0.0800 0.0800 12.7980
HSBC Low Duration Fund-Direct Plan - Annual IDCW HSBC Conservative Hybrid Fund -Regular - Quarterly IDCW
26-Mar-24 0.91 0.91 11.327 26-Mar-24 0.3200 0.3200 17.0660
HSBC Low Duration Fund-Regular Plan - Annual IDCW
26-Dec-23 0.3000 0.3000 16.9468
26-Mar-24 0.85 0.85 10.9226
25-Sep-23 0.3000 0.3000 16.6429
HSBC Medium Duration Fund-Direct Plan - Monthly IDCW
26-Mar-24 0.0750 0.0750 11.5250 HSBC Conservative Hybrid Fund -Direct- Quarterly IDCW
26-Feb-24 0.0750 0.0750 11.5444 26-Mar-24 0.2800 0.2800 14.7842
25-Jan-24 0.0750 0.0750 11.4938 26-Dec-23 0.2600 0.2600 14.6516
HSBC Medium Duration Fund-Regular Plan - Monthly IDCW 25-Sep-23 0.2600 0.2600 14.3600
26-Mar-24 0.0700 0.0700 10.5867
HSBC Dynamic Bond Fund - Direct Monthly IDCW
26-Feb-24 0.0700 0.0700 10.6115
26-Mar-24 0.0433 0.0433 12.75
25-Jan-24 0.0700 0.0700 10.5725
26-Feb-24 0.1894 0.1894 12.8961
HSBC Medium Duration Fund-Direct Plan - Annual IDCW
26-Mar-24 1.0000 1.0000 12.5135 25-Jan-24 0.0730 0.0730 12.7797
HSBC Medium Duration Fund-Regular Plan - Annual IDCW HSBC Dynamic Bond Fund - Regular Monthly IDCW
26-Mar-24 0.9200 0.9200 11.5445 26-Mar-24 0.0315 0.0315 10.7013
HSBC ELSS Tax saver Fund-Direct Plan - IDCW 26-Feb-24 0.1536 0.1536 10.8234
26-Mar-24 2.5000 2.5000 38.4406
25-Jan-24 0.0570 0.0570 10.7268
28-Nov-23 2.0000 2.0000 35.8730
27-Mar-23 2.0000 2.0000 30.9218

72
 Income Distribution cum Capital Withdrawal (IDCW) History For HSBC Schemes
Record Date/ Individual / Other Cum IDCW Record Date/ Individual / Other Cum IDCW
Plans/Options HUF NAV Plans/Options HUF NAV
HSBC Dynamic Bond Fund - Direct Annual IDCW HSBC Infrastructure Fund- Regular - IDCW
26-Mar-24 0.86 0.86 11.6878 25-Sep-23 2.2500 2.2500 30.3492
HSBC Dynamic Bond Fund - Regular Annual IDCW 23-Sep-22 2.0000 2.0000 25.0800
26-Mar-24 0.82 0.82 11.1008 HSBC Infrastructure Fund- Direct- IDCW
HSBC Asia Pacific (Ex Japan) Div Yield Fund - Direct IDCW 25-Sep-23 2.5000 2.5000 33.3907
26-Feb-24 1.5 1.5 17.1023 23-Sep-22 2.2500 2.2500 27.3700
27-Feb-23 1.5 1.5 17.5205 HSBC Global Emerging Markets Fund- Regular - IDCW
28-Feb-22 1.5 1.5 19.9776 25-Mar-22 1.2500 1.2500 17.5630
HSBC Asia Pacific (Ex Japan) Div Yield Fund - Regular IDCW 27-Jun-14 0.5000 0.5000 11.5335
26-Feb-24 1.5 1.5 17.2531 HSBC Global Emerging Markets Fund- Regular - IDCW
27-Feb-23 1.5 1.5 17.7537 26-Mar-24 1.2000 1.2000 15.6196
HSBC Large Cap Fund- Regular - IDCW 25-Mar-22 1.2500 1.2500 17.5630
26-Dec-23 4.00 4.00 45.8939 27-Jun-14 0.5000 0.5000 11.5335
26-Dec-22 3.50 3.50 40.8544 HSBC Global Emerging Markets Fund- Direct - IDCW
26-Dec-19 1.99 1.99 30.9007 25-Mar-22 1.3500 1.3500 18.7673
HSBC Large Cap Fund- Direct - IDCW 27-Jun-14 0.5000 0.5000 11.6656
26-Dec-23 4.00 4.00 43.1665 HSBC Large & Mid Cap Fund - Direct - IDCW
26-Dec-22 3.50 3.50 38.2999 26-Mar-24 1.9000 1.9000 21.2989
27-Dec-21 3.00 3.00 40.1739 27-Mar-23 1.3000 1.3000 15.9049
HSBC Flexi Cap Fund - Regular-IDCW HSBC Large & Mid Cap Fund - Regular - IDCW
26-Feb-24 3.75 3.75 45.1527 26-Mar-24 1.7500 1.7500 19.6820
27-Feb-23 3.00 3.00 34.2231 27-Mar-23 1.3000 1.3000 14.9360
HSBC Focused Fund - Regular IDCW HSBC Managed Solution India - Conservative - Regular IDCW
25-Jul-23 1.00 1.00 15.9699 25-Apr-23 1.3000 1.3000 18.1105
25-Jul-22 1.00 1.00 14.3455 HSBC Managed Solutions India - Growth - Direct IDCW
26-Jul-21 0.65 0.65 14.5068 25-Apr-23 2.2500 2.2500 27.8948
HSBC Focused Fund - Direct IDCW HSBC Managed Solutions India - Growth - Regular IDCW
25-Jul-22 1.04 1.04 14.8246 25-Apr-23 2.2500 2.2500 27.1032
26-Jul-21 0.66 0.66 14.7497 HSBC Managed Solutions India - Moderate - Direct IDCW
HSBC Tax Saver Equity Fund- Regular - IDCW 25-Apr-23 0.6500 0.6500 15.1241
25-Jan-23 2.2500 2.2500 26.4915 18-Apr-22 1.0000 1.0000 15.5392
25-Jan-21 0.5000 0.5000 22.1700 HSBC Managed Solutions India - Moderate - Regular IDCW
27-Jan-20 1.5495 1.5495 21.5978 25-Apr-23 1.5000 1.5000 24.8536
HSBC Tax Saver Equity Fund- Direct - IDCW
25-Jan-23 2.2500 2.2500 28.4860
25-Jan-22 1.1000 1.1000 29.7935
25-Jan-21 0.7500 0.7500 23.5890

Pursuant to payment of IDCW, NAV per unit of the IDCW options of the aforesaid schemes will fall to the extent of the payout and statutory levy (if applicable).

Please note that the IDCW rates mentioned are post applicable dividend distribution tax deduction.
Investors do look out for the IDCW history for funds prior to investing
Past performance of the aforesaid schemes may or may not be sustained in future.

Minimum Application Amount (SIP)##

Minimum Application Amount (SIP) for all schemes (Effective from October 09, 2023):

Frequency Minimum Installment Amount Minimum number of Installments SIP Dates

Equity Schemes, Equity Schemes,
Hybrid Schemes HSBC ELSS Tax Hybrid Schemes HSBC ELSS Tax
Debt# Debt#
and Equity Index Saver Fund* and Equity Index Saver Fund*
Schemes# Schemes#
Any Dates
Weekly Rs 500/- Rs 500/- Rs 500/- 12 12 6
Monthly Rs 500/- Rs 1000/- Rs 500/- - 6 6
Quaterly Rs 1500/- Rs 1500/- Rs 500/- 4 4 6
#Minimum aggregate investment - Rs. 6,000/- and in multiples of Re. 1/- thereafter.
*Minimum aggregate investment - Rs. 3,000/- and in multiples of Re. 500/- thereafter.

73
 Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

*Riskometer of the Scheme Riskometer of the Benchmark

Modera Modera
derate t
High ely derate t
High ely
Mo Mo
to e Hi to e Hi
w rat w rat
e e

gh
M Lo
gh
M Lo

od
od

Very
Very

Low

Hi gh
Low

High

VERY VERY
LOW LOW
HIGH HIGH
Investors understand that their principal
will be at Very High risk

HSBC Large Cap Fund (Erstwhile HSBC Large Cap Equity Fund) (Large Cap Fund) - An open ended equity scheme predominantly investing in large cap stocks.
• To create wealth over long term • Investment in predominantly large cap equity and equity related securities (Benchmark: NIFTY 100 TRI)
HSBC Flexi Cap Fund (Flexi Cap Fund) - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. • To create wealth over long term
• Investment in equity and equity related securities across market capitalizations (Benchmark: NIFTY 500 TRI)
HSBC Small Cap Fund (Erstwhile L&T Emerging Businesses Fund) (Small Cap Fund) - An open ended equity scheme predominantly investing in small cap stocks
• Long term capital appreciation • IInvestment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with key theme focus being emerging companies
(small cap stocks); and foreign securities (Benchmark: NIFTY Small Cap 250 TRI)
HSBC Infrastructure Fund (Erstwhile L&T Infrastructure Fund) (Thematic Fund) - An open-ended Equity Scheme following Infrastructure theme. • To create wealth over long term • Investment in
equity and equity related securities, primarily in themes that play an important role in India’s economic development (Benchmark: NIFTY Infrastructure TRI)
HSBC Large and Mid Cap Fund (Erstwhile HSBC Large & Mid Cap Equity Fund) (Large & Mid Cap Fund) - An open ended equity scheme investing in both large cap and mid cap stocks. • Long
term wealth creation and income • Investment predominantly in equity and equity related securities of Large and Mid cap companies (Benchmark: NIFTY Large Midcap 250 TRI)
HSBC Midcap Fund (Erstwhile L&T Midcap Fund) (Midcap Fund) - An open ended equity scheme predominantly investing in mid cap stocks. • Long term wealth creation
• Investment in equity and equity related securities of mid cap companies (Benchmark: NIFTY Midcap 150 TRI)
HSBC Focused Fund (Erstwhile HSBC Focused Equity Fund) (Focused Fund) - An open ended equity scheme investing in maximum 30 stocks across market caps (i.e. Multi-Cap). • Long term
wealth creation • Investment in equity and equity related securities across market capitalization in maximum 30 stocks (Benchmark: NIFTY 500 TRI)
HSBC Business Cycles Fund (Erstwhile L&T Business Cycles Fund) (Thematic Fund) - An open ended equity scheme following business cycles based investing theme.
• Long term capital appreciation • Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with focus on riding business cycles through
dynamic allocation between various sectors and stocks at different stages of business cycles in the economy
(Benchmark: NIFTY 500 TRI)
HSBC Multi Cap Fund - (Multicap Fund) - An open ended equity scheme investing across large cap, mid cap, small cap stocks. • To create wealth over long term • Investment predominantly in
equity and equity related securities across market capitalisation. Benchmark: NIFTY 500 Multicap 50:25:25 TRI
HSBC Value Fund (Erstwhile L&T India Value Fund) (Value Fund) - An open ended equity scheme following a value investment strategy. • Long term capital appreciation
• Investment predominantly in equity and equity-related securities in Indian markets and foreign securities with higher focus on undervalued securities (Benchmark: NIFTY 500 TRI)
HSBC ELSS Tax saver Fund (Erstwhile L&T Tax Advantage Fund) (Equity Linked Savings Scheme) - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit •
Long term capital growth • Investment predominantly in equity and equity-related securities (Benchmark: NIFTY 500 TRI)
HSBC Nifty 50 Index Fund (Erstwhile L&T Nifty 50 Index) (Index Fund) - An open-ended Equity Scheme tracking Nifty 50 Index • Long term wealth creation
• Investment in equity securities covered by the NIFTY 50 (Benchmark: NIFTY 50 Index TRI)
HSBC Nifty Next 50 Index Fund (Erstwhile L&T Nifty Next 50 Index) (Index Fund) - An open-ended Equity Scheme tracking Nifty Next 50 Index • Long term capital appreciation • Investment in
equity securities covered by the NIFTY NEXT 50 (Benchmark: NIFTY Next 50 Index TRI)
HSBC Tax Saver Equity Fund (Equity Linked Savings Scheme) - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
• To create wealth over long term • Investment in equity and equity related securities with no capitalisation bias (Benchmark: NIFTY 500 TRI)
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund (Fund of Funds (Overseas)) - An Open Ended Fund of Funds Scheme investing in HSBC Global Investments Fund - (HGIF) Asia Pacific Ex Japan
Equity High Dividend Fund • To create wealth over long-term • Investment in equity and equity related securities of Asia Pacific countries (excluding Japan) through fund of funds route (Benchmark:
MSCI AC Asia Pacific ex Japan TRI)
HSBC Brazil Fund (Fund of Funds (Overseas)) - An Open-Ended Fund of Funds Scheme investing in HSBC Global Investments Fund - (HGIF) Brazil Equity Fund.
• To create wealth over long term • Invests in equity and equity related securities through feeder route in Brazilian markets (Benchmark: MSCI Brazil 10/40 Index TRI)
HSBC Global Emerging Markets Fund (Fund of Funds (Overseas)) - An open-ended fund of fund scheme investing in HSBC Global Investment Funds - Global Emerging Markets Equity Fund. • To
create wealth over long term • Investment predominantly in units of HSBC Global Investment Funds - Global Emerging Markets Equity Fund (Benchmark: MSCI Emerging Markets Index TRI)
HSBC Global Equity Climate Change Fund of Fund (Fund of Funds (Overseas)) - An open ended fund of fund scheme investing in HSBC Global Investment Funds – Global Equity Climate Change •
To create wealth over long term. • Investment predominantly in companies positioned to benefit from climate change through fund of funds route (Benchmark: MSCI AC World TRI)
HSBC Consumption Fund (Thematic Fund) - An open ended equity scheme following consumption theme. However, there can be no assurance or guarantee that the investment objective of the
scheme will be achieved • To create wealth over long-term • Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from consumption and
consumption related activities (Benchmark: Nifty India Consumption Index TRI)

S&P BSE 200 TRI NIFTY Short DurationDebt Index

Modera
Mo
derate
Modera
t
High ely Mo
derate High tely HSBC Multi Asset Allocation Fund (Multi Asset Allocation) - An open ended scheme
to e to
w rat
e
Hi
w rate
e
Hi
investing in Equity & Equity Related instruments, Debt & Money Market Securities and
Mo Lo

gh
gh
M Lo

d
od

Gold / Silver ETFs.

*Riskometer of the Scheme • Long term wealth creation. • Investment in equity and equity related securities, fixed
Very
Very

Low

High
Low

High

derate
Modera
t
High ely VERY VERY income instruments and Gold / Silver ETFs (Benchmark: S&P BSE 200 TRI (65%) +
Mo LOW
HIGH
LOW
HIGH
to e
w rat
Hi NIFTY Short Duration Debt Index (20%) +Domestic Price of Gold (10%)+Domestic
e
Price of Silver (5%))
gh
M Lo
od

Domestic price of gold Domestic price of silver

Very
Low

High

Modera Modera
derate High tely derate t
High ely
Mo Mo
to Hi to e Hi
VERY w rate w rat
LOW e e
gh
M Lo
Mo Lo

gh

HIGH
od
d

Investors understand that their principal

Very

Very
Low

Low

High
High

will be at Very High risk

VERY VERY
LOW LOW
HIGH HIGH

*Riskometer of the Scheme Riskometer of the Benchmark HSBC Equity Savings Fund (Erstwhile L&T Equity Savings Fund) (Equity Savings Fund) - An open ended
Modera Modera scheme investing in equity, arbitrage and debt.
derate t
High ely derate High tely
Mo Mo • Generation of regular income by predominantly investing in arbitrage opportunities in the cash and derivatives
to e Hi to Hi
w rat w rate
e e segment and long–term capital appreciation through unhedged exposure to equity and equity related
M Lo

gh

Mo Lo

gh
od

instruments. • Investment in equity and equity related instruments, derivatives and debt and money market
Very

Very

instruments (Benchmark: NIFTY Equity Savings Index)

Low

High

Low

High

VERY VERY HSBC Credit Risk Fund (Erstwhile L&T Credit Risk Fund) (Credit Risk Fund) - An open ended debt scheme
LOW LOW
HIGH HIGH predominantly investing in AA and below rated corporate bonds (excluding AA+rated corporate bonds). A
Investors understand that their principal
will be at Moderately High risk
relatively high interest rate risk and relatively high credit risk. • Generation of regular returns and capital
appreciation over medium to long term • Investment in debt instruments (including securitized debt), government
and money market securities (Benchmark: NIFTY Credit Risk Bond Index B-II)

*Riskometer of the Scheme Riskometer of the Benchmark HSBC Overnight Fund (Overnight fund) - An open ended debt scheme investing in overnight securities. Relatively Low
derate
Modera
t derate
Modera
t interest rate risk and relatively Low credit risk. • Income over short term and high liquidity • Investment in debt &
Mo High ely High ely
Mo
to H to H money market instruments with overnight maturity (Benchmark: NIFTY 1D Rate Index)
w rate i w rate i
e e
gh
M Lo

M Lo

gh
od

od

HSBC Arbitrage Fund (Erstwhile L&T Arbitrage Opportunities Fund) (Arbitrage Fund) - An open ended scheme
investing in arbitrage opportunities. • Generation of reasonable returns over short to medium term • Investment
Very

Very
Low

High

Low

High

predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets; and debt and
LOW
VERY
HIGH LOW
VERY
HIGH
money market instrument. (Benchmark: Nifty 50 Arbitrage Index)
Investors understand that their principal
will be at Low risk 74
 Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

*Riskometer of the Scheme Riskometer of the Benchmark

Modera Modera
derate t
High ely derate t
High ely
Mo Mo
to Hi to Hi
w rate w rate
e e

M Lo

gh
M Lo

gh

od
od

Very
Very

Low

High
High
Low

VERY VERY
LOW LOW
HIGH HIGH
Investors understand that their principal
will be at Moderate risk

HSBC Dynamic Bond Fund (Erstwhile L&T Flexi Bond Fund) (Dynamic Bond Fund) - An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and relatively
low credit risk. • Generation of reasonable returns over medium to long term • Investment in fixed income securities (Benchmark: NIFTY Composite Debt Index A-III)

HSBC Corporate Bond Fund (Erstwhile L&T Triple Ace Bond Fund) (Corporate Bond Fund) - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A
relatively high interest rate risk and relatively low credit risk. • Generation of regular and stable income over medium to long term
• Investment predominantly in AA+ and above rated corporate bonds and money market instruments (Benchmark: NIFTY Corporate Bond Index A-II)

HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund (Index Fund) - An open-ended Target Maturity Index Fund tracking CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028. Relatively High
interest rate risk and Low credit risk. • Income over target maturity period • Investment in constituents similar to the composition of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028 (Benchmark:
CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028)

HSBC Gilt Fund (Erstwhile L&T Gilt Fund) (Gilt Fund) - An open ended debt scheme investing in government securities across maturity. A relatively high interest rate risk and relatively low credit risk.
• Generation of returns over medium to long term • Investment in Government Securities (Benchmark: NIFTY All Duration G-Sec Index)

HSBC Medium to Long Duration Fund (Erstwhile HSBC Debt Fund) (Medium to Long Duration Fund) - 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 (for details on Macaulay’s Duration please refer to SID under the section “Asset Allocation Pattern”). Relatively high interest rate risk
and moderate credit risk. • Regular income over medium to long term • Investment in diversified portfolio of fixed income securities such that the Macaulay^ duration of the portfolio is between 4
year to 7 years (Benchmark: NIFTY Medium to Long Duration Debt Index A-III)

HSBC Medium Duration Fund (Erstwhile L&T Resurgent India Bond Fund) (Medium Duration Fund) - An open ended medium term debt scheme investing in instruments such that the Macaulay
duration of the portfolio is between 3 years to 4 years (for details on Macaulay’s Duration please refer to the SID under the section “Asset Allocation Pattern”). A relatively high interest rate risk and
moderate credit risk. • Generation of income over medium term • Investment primarily in debt and money market securities (Benchmark: NIFTY Medium Duration Debt Index A-III)

*Riskometer of the Scheme Riskometer of the Benchmark *Riskometer of the Scheme Riskometer of the Benchmark
Modera Modera Modera Modera
derate t
High ely derate t
High ely derate t
High ely derate t
High ely
Mo Mo Mo Mo
to Hi to Hi to to e
w rate w rate w rate
Hi
w rat
Hi
e e e e
M Lo

gh

M Lo

gh

M Lo

gh

M Lo

gh
od

od

od

od
Very

Very

Very

Very
High
High

Low
Low

High
Low

High
Low
VERY VERY VERY VERY
LOW LOW LOW LOW
HIGH HIGH HIGH HIGH
Investors understand that their principal Investors understand that their principal
will be at Moderately High risk will be at Moderate risk

HSBC Conservative Hybrid Fund (Erstwhile HSBC Regular Savings Fund) (Conservative HSBC Short Duration Fund (Erstwhile L&T Short Term Bond Fund) (Short Duration Fund) -
Hybrid Fund) - An open ended hybrid scheme investing predominantly in debt instruments. • An open ended short term debt scheme investing in instruments such that the Macaulay
Investment in fixed income (debt and money market instruments) as well as equity and equity duration of the portfolio is between 1 year to 3 years for details on Macaulay’s Duration
related securities. • Capital appreciation over medium to long term (Benchmark: NIFTY 50 please refer to SID under the section “Asset Allocation Pattern”). A moderate interest rate risk
Hybrid Composite Debt 15:85 Index) and moderate credit risk. • Generation of regular returns over short term • Investment in fixed
income securities of shorter term maturity. (Benchmark: Nifty Short Duration Debt Index A-II)

*Riskometer of the Scheme Riskometer of the Benchmark

Modera Modera
derate t
High ely derate t
High ely
Mo Mo
to e Hi to e Hi
w rat w rat
e e
M Lo

M Lo
gh

gh
od

od
Very

Very
High

High
Low

Low

VERY VERY
LOW LOW
HIGH HIGH
Investors understand that their principal
will be at Low to Moderate risk

HSBC CRISIL IBX Gilt June 2027 Index Fund (Index Fund) - An open-ended Target Maturity Index Fund tracking CRISIL-IBX Gilt Index - June 2027. Relatively high interest rate risk and relatively low
credit risk. • Income over target maturity period. • Investments in Government Securities and Tbills (Benchmark: CRISIL-IBX Gilt Index - June 2027)
HSBC Liquid Fund (Erstwhile HSBC Cash Fund) (Liquid Fund) - An open-ended Liquid Scheme. Relatively Low interest rate risk and Low credit risk.
• Overnight liquidity over short term • Investment in Money Market Instruments (Benchmark: NIFTY Liquid Index A-I)
HSBC Low Duration Fund (Erstwhile L&T Low Duration Fund) (Low Duration 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 (for details on Macaulay’s Duration please refer to SID under the section “Asset Allocation Pattern”). A relatively low interest rate risk and moderate credit
risk. • Liquidity over short term • Investment in Debt / Money Market Instruments such that the Macaulay^ duration of the portfolio is between 6 months to 12 months (Benchmark: NIFTY Low
Duration Debt Index A-I)

HSBC Ultra Short Duration Fund (Ultra Short Duration Fund) - An Open ended Ultra-Short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3
months to 6 months. Please refer Page no. 9 of the SID for explanation on Macaulay duration. Relatively low interest rate risk and moderate credit risk. • Income over short term with Low volatility. •
Investment in debt & money market instruments such that the Macaulay Duration of the portfolio is between 3 months - 6 months. (Benchmark: NIFTY Ultra Short Duration Debt Index A-I)

HSBC Money Market Fund (Erstwhile L&T Money Market Fund) - An open ended debt scheme investing in money market instruments. Relatively Low interest rate risk and Moderate credit risk. •
Generation of regular income over short to medium term • Investment in money market instruments. (Benchmark: NIFTY Money Market Index A-I)

HSBC Banking & PSU Debt Fund (Erstwhile L&T Banking and PSU Debt Fund) (Banking and PSU Fund) - An open ended debt scheme primarily investing in debt instruments of banks, public
sector undertakings, public financial institutions and municipal bonds. A relatively high interest rate risk and relatively low credit risk.
• Generation of reasonable returns and liquidity over short term • Investment predominantly in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions and municipal
corporations in India (Benchmark: Nifty Banking & PSU Debt Index A-II)

75
 Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

*Riskometer of the Scheme *Riskometer of the Scheme

Riskometer of the Benchmark Riskometer of the Benchmark
Modera Modera
derate t
High ely
Modera
derate t
High ely
Modera
Mo derate t
High ely Mo derate t
High ely
to e Hi Mo to Mo
to Hi to
w rat
e w rate
Hi w rate w rate
Hi
e
M Lo

gh

e e

M Lo

gh
M Lo

M Lo
gh

gh
od

od
od

od
Very

Very
High
Low

Very

Very
High
Low
High

High
Low

Low
VERY VERY VERY VERY
LOW LOW LOW LOW
HIGH HIGH HIGH HIGH
Investors understand that their principal Investors understand that their principal
will be at Very High risk will be at High risk

HSBC Aggressive Hybrid Fund (Erstwhile L&T Hybrid Equity Fund) (Aggressive Hybrid HSBC Balanced Advantage Fund (Erstwhile L&T Balanced Advantage Fund) (Balanced
Fund) - An open ended hybrid scheme investing predominantly in equity and equity related Advantage Fund) - An open ended dynamic asset allocation fund.
instruments. • Long term wealth creation and income • Investment in equity and equity • Long term capital appreciation and generation of reasonable returns • Investment in equity
related securities and fixed income instruments (Benchmark: Nifty 50 Hybrid composite debt and equity related instruments, derivatives and debt and money market instruments
65:35 Index) (Benchmark: NIFTY 50 Composite Hybrid Debt 50:50 Index)

*Riskometer of the Scheme Riskometer of the Benchmark

Modera Modera
derate t
High ely derate t
High ely
Mo Mo
to to Hi
w rate
Hi w rate
e e
Mo Lo

gh
M Lo

gh

d
od

Very
Low

High
Very
High
Low

VERY VERY
LOW LOW
HIGH HIGH

Investors understand that their principal

will be at High risk

HSBC Managed Solutions India - Moderate (Fund of Funds (Overseas/Domestic)) - An Open Ended Fund of Funds Scheme investing in a basket of equity, debt, Gold and other Exchange Traded
Funds. • 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 (Benchmark: CRISIL Hybrid 35+65 - Aggressive Index)

*Riskometer of the Scheme Riskometer of the Benchmark - CRISIL Riskometer of the Benchmark - S&P
Composite Bond Fund Index BSE 200 TRI Index
Modera
derate t
High ely Modera Modera
Mo derate t
High ely derate t
High ely
to e Hi Mo Mo
w rat to Hi to Hi
e w rate w rate
M Lo

gh

e e
od

M Lo

M Lo
gh

gh
od

od
Very
High
Low

Very

Very
Low

Low
High

High
VERY LOW
VERY
LOW
VERY
LOW HIGH HIGH
HIGH
Investors understand that their principal
will be at Moderate risk

HSBC Managed Solutions India - Conservative (Fund of Funds (Domestic)) - An Open Ended Fund of Funds Scheme investing in a basket of equity, debt, Gold and other Exchange Traded Funds. •
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. (Benchmark: S&P BSE 200 TRI Index. Additional Benchmark: CRISIL Composite Bond Fund Index)

*Riskometer of the Scheme Riskometer of the Benchmark - CRISIL Riskometer of the Benchmark - S&P
Composite Bond Fund Index BSE 200 TRI Index
Modera Modera
derate t
High ely
Modera
derate t
High ely
Mo derate t
High ely Mo
to Mo
Hi to
w rate to
w rate
Hi w rate
Hi
e e
M Lo

gh

e
M Lo

gh
M Lo

gh
od

od
od
Very

Very
High
Low

Low

High
Very
Low

High

VERY VERY VERY

LOW LOW LOW
HIGH HIGH HIGH
Investors understand that their principal
will be at Very High risk

HSBC Managed Solutions India - Growth (Fund of Funds (Overseas/Domestic)) - An Open Ended Fund of Funds Scheme investing in a basket of equity, debt, Gold and other Exchange Traded Funds.
• To create wealth over long term • 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. (Benchmark: S&P BSE 200 TRI. Additional Benchmark: CRISIL Composite Bond Fund Index)

Note for Risk-o-Meter:

Please note that the above risk-o-meters are as per the product labelling of the schemes available as on the date of this communication/ disclosure. As per Clause 17.4.1 (f) of SEBI Master
circular dated May 19, 2023 on product labelling (as amended from time to time), risk-o-meters will be calculated on a monthly basis based on the risk values of the respective
scheme's portfolio based on the methodology specified by SEBI in the above stated circular. The AMC shall disclose the risk-o-meters along with portfolio disclosure for all their schemes
on their respective website and on AMFI website within 10 days from the close of each month. Any change in risk-o-meter shall be communicated by way of Notice cum Addendum
and by way of an e-mail or SMS to unitholders of that particular Scheme. Risk-o-meter is as on March 31, 2024.

76
Statutory Details & Disclaimers
All returns have been sourced from Mutual Funds India Explorer software unless otherwise stated.
This document has been prepared by HSBCAsset Management (India) Private Limited (HSBC) for information purposes only and should not be
construed as i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or ii) an offer
to sell or a solicitation or an offer for purchase of any of the funds of HSBC Mutual Fund; or iii) an investment research or investment advice. 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 personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment or
investment strategies that may have been discussed or referred herein and should understand that the views regarding future prospects may or may
not be realized. In no event shall HSBC Mutual Fund/HSBCAsset management (India) Private Limited and / or its affiliates or any of their directors,
trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information /
opinion herein.
This document is intended only for those who access it from within India and approved for distribution in Indian jurisdiction only. Distribution of this
document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is
strictly prohibited. Neither this document nor the units of HSBC Mutual Fund have been registered under Securities law/Regulations in any foreign
jurisdiction. The distribution of this document in certain jurisdictions may be unlawful or 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. If any person chooses to
access this document from a jurisdiction other than India, then such person do so at his/her own risk and HSBC and its group companies will not be
liable for any breach of local law or regulation that such person commits as a result of doing so.
Investors should not invest in the Scheme solely based on the information provided in this document and should read the 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.

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June '23