Index

How to read Factsheet 03 HSBC Brazil Fund 33

CEO Speak 04 HSBC Managed Solutions India – Growth 34

Commentary 05 HSBC Managed Solutions India – Moderate 34

Fund Positioning 10 HSBC Managed Solutions India – Conservative 34

HSBC Large Cap Fund 11 HSBC Overnight Fund 35

HSBC Large & Mid Cap Fund 12 HSBC Liquid Fund 36

HSBC Midcap Fund 13 HSBC Money Market Fund 37

HSBC Flexi Cap Fund 14 HSBC Low Duration Fund 38

HSBC Multi Cap Fund 15 HSBC Ultra Short Duration Fund 39

HSBC Small Cap Fund 16 HSBC Short Duration Fund 40

HSBC Focused Fund 17 HSBC Medium Duration Fund 41

HSBC Infrastructure Fund 18 HSBC Medium to Long Duration Fund 42

HSBC Value Fund 19 HSBC Dynamic Bond Fund 43

HSBC Business Cycles Fund 20 HSBC Corporate Bond Fund 44

HSBC Consumption Fund 21 HSBC Banking and PSU Debt Fund 45

HSBC India Export Opportunities Fund 22 HSBC Credit Risk Fund 46

HSBC Nifty 50 Index Fund 23 HSBC Gilt Fund 47

HSBC Nifty Next 50 Index Fund 24 HSBC Conservative Hybrid Fund 48

HSBC ELSS Tax saver Fund 25 HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028
49
Index Fund
HSBC Tax Saver Equity Fund 26
HSBC CRISIL IBX Gilt June 2027 Index Fund 50
HSBC Aggressive Hybrid Fund 27
Fund Snapshot 51
HSBC Multi Asset Allocation Fund 28
SIP Performance 56
HSBC Balanced Advantage Fund 29
Comparative Performance of Equity Schemes 66
HSBC Equity Savings Fund 30
Comparative Performance of Debt Schemes 73
HSBC Arbitrage Fund 31
IDCW 77
HSBC Global Emerging Markets Fund 32
Minimum Application Amount (SIP) 79
HSBC Global Equity Climate Change Fund of Fund 32
Product Labelling 80
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund 33
Disclaimer 83
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 [Link],
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 A mutual fund may have a sales charge or load at the
time of entry and/or exit to compensate the SIP or Systematic Investment Plan works on the principle
SIP
distributor/agent. Entry load is charged at the time an of making periodic investments of a fixed sum. It works
investor purchases the units of a mutual fund. The entry similar to a recurring bank deposit. For instance, an
load is added to the prevailing NAV at the time of investormay opt for an SIPthat invests `500 every 15 of
investment. For instance, if the NAV is `100 and the entry the month in an equity fund for a period of three years.
load is 1%, the investor will 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 load 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 [Link] 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

The Indian equity markets have been going through a correction phase in the past few months. Global geopolitics at large has been a significant
factor affecting the market volatility. However, with the recent budget presented by the Government, consumer spending boost and infrastructure
development allocation are positive steps towards driving growth in the domestic economy.
When markets correct, we have seen many investors panic and stop investing fearing short-term losses. Historically, post corrections, markets have
proven to be excellent buying opportunities rewarding those who have stayed disciplined.
Why investing or staying invested during corrections is smart? Year* Nifty50 Index
Rupee cost averaging – Your SIPs will buy more units at a lower NAV, thus benefiting you in the
Jan-04 to May-04 1982
long term wealth generation agenda when the markets recover. 1388 -29%

Historical trends show market recovery - We have many historical data points in the Indian Dec -04
markets that have shown market recovery post correction. These data points reinforce the fact
Feb-07 to Mar-07 4224
that corrections are temporary in nature. If you have investable surplus or if you want to do 3576 -15%
portfolio rebalancing, investing during corrections is a smart strategy. May-07
Power of compounding – Your wealth generation over a period of long term is boosted by the Jan-08 to Oct -08 6288
compounding effect. Hence, staying invested during market cycles is beneficial. 2524 -59%

Staying disciplined and persistent in your mutual fund investments: Oct -10

Continue your SIPs- Investors should stay consistent with their SIP through market cycles. One Sep -16 to Dec -16 8943
-11.6%
must remember their financial goal that was long term in nature – market cycles should not affect 7908
Jan-18
them. Stopping or pausing SIPs during market corrections will not help your long-term financial
goal. Discipline of regular investments plays a crucial role in long term wealth generation. Jan-20 to Mar-20 12362 -38%
Review and Rebalance- Use market downturns to review and reassess your portfolios. Pay 7610
Nov-20
attention to asset allocation and diversification to mitigate risk and realign to the market
opportunities. Oct -21 to Jun-22 1 18477
Invest with logic and not emotions- Fear during market downturns and greed during a rising 15294 -17%
Nov-22
market - both lead to irrational investment decisions. Your focus and actions should be persistent
on your long-term goals. With abundant information available, your investment decisions should Sep -24 to Jan-25 26216
be driven by data-backed insights rather than short term noise. -12.9%
22829
?
Corrections are a part of the investment journey in markets. Investors who remain disciplined,
continue investing, and stay invested have benefitted over a long period of time. Corrections offer
a[Link]
discounted price that can also be an opportunity if it fits in your financial goals. Mutual funds,
when approached with patience, persistence and discipline have proven to be one of the most Peak
[Link]
effective vehicles for long-term financial goals. Fall

Recovery

Stay invested, Keep investing and Keep growing. Correction

[Link]
Kailash Kulkarni

*Note: Some of the market falls and recovery instance are listed above for the period between: 14 Jan‘04 to 17 May‘04, 2 Dec’04, 7 Feb‘07 to 5 Mar‘07, 21 May‘07, 8
Jan‘08 to 27 Oct‘08, 5 Oct‘10, 6 Sep‘16 to 26 Dec‘16, 29 Jan’18, 14 Jan‘20 to 23 Mar‘20,9 Nov‘20, 18 Oct‘21 to 17 Jun‘22, 24 Nov‘22, 26 Sep‘24 to 27 Jan‘25.
Correction from the peak point and Recovery from the lowest point of respective period.

Source – Bloomberg, MOSL, HSBC Mutual Fund, Data as on 27 January 2025.

Past performance may or may not be sustained in the future and is not indicative of future results.

04
Equity Markets
January 2025

Equity Market Indices

Domestic Last 1 Month CYTD 2024 • Major equity indices saw a modest correction in Jan’25
Indices Close (Change) (Change) with the BSE Sensex and NSE Nifty down 0.8% / 0.4% for
BSE Sensex TR 120221 -0.8% -0.8% the month.
Nifty 50 TR 34998 -0.4% -0.4% • However, the broader markets outside of large caps saw a
BSE 200 TR 13632 -2.4% -2.4% deep correction with NSE Midcap Index down 6.1%, while
BSE 500 TR 43264 -3.4% -3.4% the BSE Smallcap Index declined 9.4% for the month.

NSE Midcap TR 25105 -6.1% -6.1% • All sector indices ended negative. Auto was the best
BSE Smallcap TR 61839 -9.4% -9.4% performing sector marginally negative followed by FMCG
and Metals. Banks and IT underperformed the Nifty 50 by a
NSE Large & Midcap
couple of percentage points. The worst performing sector
250 TR 19424 -3.9% -3.9% was Realty and followed by surprised addition of
BSE India Infrastructure healthcare. Power and Capital goods also saw sharp cuts.
Index TR 831 -3.8% -3.8%
MSCI India USD 987 -3.6% -3.6% Global market update
MSCI India INR 2772 -2.5% -2.5% • MSCI World index saw a sharp bounce back, up 3.5%,
INR - USD 86.6 1.2% 1.2% after a correction in Dec ‘24. US (S&P 500) rose 2.7% while
Crude Oil 77 2.8% 2.8% MSCI Europe rose 6.8%. MSCI Japan was also up 1.6%
while MSCI EM was up 1.7% despite only a 0.6% rise in
MSCI China. Crude oil price was up 2.8% in Jan ‘25.

Global Market Indices

• FIIs aggressively sold the Indian equities in Jan with an
Last 1 Month CYTD 24
outflow of US$8.4bn. However, this was offset by Indices Close (Change) (Change)
strong DII inflows of US$10bn with MFs investing
US$5.3bn, while insurance invested US$4.7bn. International (in USD)
• Finance Minister presented the FY26 Union Budget MSCI World 3,837 3.5% 3.5%
which maintained its focus on fiscal deficit reduction.
Dow Jones 44,545 4.7% 4.7%
Fiscal deficit is expected to decline to 4.4% in FY26 vs
4.8% in FY25. The government also announced S&P 500 6,041 2.7% 2.7%
reduction in personal income tax rates which are MSCI EM 1,093 1.7% 1.7%
expected to yield a benefit in the range of Rs 30,000 to MSCI Europe 2,140 6.8% 6.8%
Rs 1,10,000 for those earning Rs 8 Lakhs p.a. or more.
MSCI UK 1,280 5.1% 5.1%
• CPI softened to 5.2%yoy in Dec ’24 from 5.5%yoy in MSCI Japan 3,992 1.6% 1.6%
Nov ’25 due to moderation in food price inflation.
MSCI China 65 0.6% 0.6%
Core-core inflation (i.e. core inflation ex petrol and
diesel) remained unchanged at 3.9%yoy in Dec ‘24. MSCI Brazil 1,321 12.3% 12.3%

• Industrial production growth (IIP) grew 5.2%yoy in Nov ’24 vs 3.7% in Oct ‘24. This was partly supported by shift in Diwali
dates on YoY basis.
• Gross GST revenue collection was Rs 1.95 tn in Jan ’25, up 12%yoy.
• Other key developments during the month – US Fed left the rates unchanged in Jan meeting.

05
Valuations
Nifty consensus EPS estimates for CY24/25 have largely been maintained in Jan ‘25 while the Index has corrected by 1%. Nifty
therefore now trades on 19.2x 1 year forward PE in-line with its 5-year average and only 5% above its 10-year average. Despite the
correction, valuations in midcap and small cap space however remain more elevated.

Macro View
In our view, global macro environment remains challenging with heightened geo-political and economic uncertainties. Policies of the
incoming US administration are still awaited. For India, GDP growth has moderated to 5.4%yoy in Q2FY25. We believe government
has tried to partly address the slowdown in private consumption through the income tax rate cuts. Strong monsoon and higher food
prices should be supportive for rural consumption in FY25. Government capex spending has been slow in H1FY25 impacted by the
general election and prolonged monsoons. It is showing signs of pickup in Q3, however, government capex spend is now expected
to grow only at 7%yoy in FY25 vs previous budgeted estimate of 17%yoy. In FY26, government expects this to grow at 10%yoy.

Outlook
In the near term, there is a certain level of slowdown in India’s growth momentum, however we believe longer term outlook remains
strong. We expect India’s investment cycle to be on a medium-term uptrend supported by government investment in infrastructure
and manufacturing, pickup in private investments and recovery in real estate cycle. We expect higher private investments in
renewable energy and related supply chain, localization of higher-end technology components, and India becoming a more
meaningful part of global supply chains to support faster growth. Post the recent correction, Nifty valuations are now in-line with its
5/10-year average. We remain constructive on Indian equities supported by the more robust medium term growth outlook.

Key drivers for future

On the headwinds, we have

• Weak global growth is likely to remain a headwind on Incentive (PLI) scheme is likely to further increase private
demand going forward. investments in targeted sectors. We also expect higher
private capex in renewable energy.
• Global policy uncertainty: Risk of tariffs and general policy
uncertainty, mercantilist policies of certain countries and • Recovery in real estate cycle: Real Estate remains another
geo-political conflicts are likely to be a headwind to private strong medium term growth driver having weathered the
investments. impact of higher interest rates. Demand trends in top metro
cities remain strong and inventory levels have declined.
• Other factors / risks: Weak monsoon.
• Global commodity prices: Benign global prices of crude oil
We see the following positives for the Indian market:
and fertilizers has been a positive for India from inflation,
• Recovery in private capex: Industry capacity utilisation fiscal deficit and corporate margins perspective in FY24-25.
based on RBI survey data is at a reasonably high level and However, any significant increase would be a headwind.
indicates potential for increase in private capex going
forward. Also, continued expansion of the Production Linked

Past performance may or may not be sustained in the future and is not indicative of future results.
Note: * Returns mentioned in the report are the Total Return or TR variants of the respective domestic indices. USD return for global indices. (Source: Bloomberg,
Union Budget 2025-2026, MOSL & HSBC MF estimates as on Jan 2025 end).

06
DEBT MARKETS
January 2025

Notable developments in 2025, so far

Amid global developments the outlook for 2025 is slated to see volatility as uncertainties, particularly around global trade, tariffs and
the potential upending of the global supply chains could weigh business optimism. For India, the domestic factors continue to drive
the policy decisions, so far. The Union Budget provided near-equal stimulus to both consumption (personal income tax cuts amount
to INR1 trn) and Capital Expenditure (budget outlays rise by INR1 trn), while lowering the fiscal deficit (to 4.4% of GDP for FY26 from
4.8% in FY25). The change in the helm at the RBI also appears to have seen a change in the strategy of liquidity and currency
management. Following today’s decision, the RBI and the MPC under the new Governor have taken a pragmatic policy approach as
it goes easy in its approach on both monetary and regulatory policy.

Since the US Presidential Elections outcome, the bands of uncertainty have widened around some factors.

Key global developments and Central Bank policy outcomes that swung market sentiments.

In no rush – the FOMC will watch the data before adjusting the rates lower

After having quickly lowered the policy rates by ~100 bps in CY24, the FOMC is seen go slow on further rate cuts. At the end-Jan
policy, the FOMC maintained status quo on expected lines while it upgraded its assessment on the economy. The FOMC Chair stated
that ‘with the policy stance significantly less restrictive than it had been and the economy remaining strong, we do not need to be in
a hurry to adjust our policy stance’. He downplayed the prospects of a rate cut emerging in March. The Fed will continue to remain
data dependent in determining the future course of rate actions. Meanwhile, the BOE eased policy rates by 25bps to 4.50%. The
Eurozone continued with policy easing and lowered the key benchmark rates as disinflation sustained. While the major AEs have
eased, the US Fed has turned cautious and the BoJ has hiked. The resilience seen in the US economic indicators and the uncertainty
has kept the dollar firm and the US Treasury yields too have remained firm, moving to a high of 4.79% before ending at 4.54% in
Jan’25.

RBI seems to have let go of its tight hold on the currency

Amid the global FX volatility largely caused by a strong dollar amid looming uncertainties under the new statesmanship of President
Donald Trump. During January, USDINR was one of the worst performing currencies in the EM basket. While the dollar strength
played out, what was also observed is that there was a possible shift in the RBI’s strategy on currency movements. The RBI’s FX
interventions and the FX Reserves position indicate that the RBI has let go of its tight hold on the currency and now is letting the
currency find its course with bouts of strategic FX interventions. The Rupee depreciated 3.2% as of 6-Feb closing from 7-Nov-24
closing levels of 84.38. In the said period, the dollar index has appreciated by 2.4%. While this is largely in sync with the EM
currencies, USDINR is trading with a sharp depreciation bias. At the RBI-MPC press conference, the Governors’ reiteration on its
exchange rate policy of smoothening volatility without compromising on market efficiency. FX reserves slid further during the month
to USD 630 bn, due to RBI intervention from US$ 640 bn in December. The fallout of RBI’s intervention in the currency market
coupled with government cash balance has been a drag on banking system liquidity.

RBI provides liquidity boost: The liquidity conditions tightened substantially in the last couple of months due to RBI’s FX
intervention and currency demand. The system liquidity saw a deficit of INR 2 tn while the RBI announced daily Repo auctions and
also conducted OMO purchases to the tune of ~INR 510 bn in January as of last data available. This comes following the 50 bps cut
in the CRR which was announced in December, which injected INR 1.16tn by end-December. Subsequently, on 27-Jan the RBI
further deployed three policy instruments to inject liquidity: 1) OMO purchase auctions worth INR 600 bn in three tranches; 2) a
56-day VRR operation worth INR 500bn (on 07-Feb); and 3). a USDINR buy/sell swap worth USD 5 bn for a tenor of six months. In
total, this should infuse liquidity of INR 1.5 tn.

07
MPC Announcement: Going Easy

RBI strikes a balance in its policy given the existing macro-economic conditions and global uncertainties - The Monetary Policy
Committee (MPC) came out with their bi-monthly policy statement on February 07, 2025. Some of the key takeaways are as follows:

• The MPC unanimously decided to lower the policy Repo Rate by 25 bps to 6.25% and retain the stance as ‘neutral’.
Consequently, the SDF rate stands at 6.00% and the MSF rate at 6.50%

• The neutral stance implies that the MPC deliberately does not want to give any forward guidance on its future course of action

• The Governor emphasised that the MPC will ‘proactively’ take liquidity measures both on the overnight and durable liquidity
front. However, markets expected additional liquidity measures.

• Governor emphasised on the existing ‘flexible inflation targeting framework’ and reiterated that the policy remains
unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

• While inflation has been revised a shade lower, growth has seen a 20-30bps revision for 1HFY26 from the December policy.

• With inflation cooling from December highs, the RBI-MPC has used the elbow room to lower rates and support growth.

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

Growth Inflation
Period
Dec 2024 forecast Feb 2025 forecast Dec 2024 forecast Feb 2025 forecast
Q4 FY2025 7.20% - 4.50% 4.40%
FY2025* 6.60% 6.40% 4.80% 4.80%
Q1 FY2026 6.90% 6.70% 4.60% 4.50%
Q2 FY2026 7.30% 7.00% 4.00% 4.00%
Q3 FY2026 6.50% 3.80%
Q4 FY2026 6.50% 4.20%
FY2026 6.70% 4.20%
Note: *GDP First Advance Estimates; Source: RBI MPC Policy Resolutions

The RBI-MPC policy outcome broadly meets market expectations with consensus expecting a 25bps rate cut with stance as neutral.
However, on the liquidity front, the RBI has somewhat disappointed the markets with expectations around OMO purchases or other
measures similar to those announced on 27-Jan to quench the system liquidity deficit. On the exchange rate, the Governor
emphasised that the FX interventions are to smoothen out volatility and does not target any specific level or band.

In his speech, the Governor stated that while strengthening and enhancing the regulatory framework is vital, there are trade-offs
between stability and efficiency, and that the RBI will attempt to strike the right balance given that these are not devoid of costs.
Much to the relief of the banking system, the Governor confirmed in his presser that LCR and ECL related regulatory changes might
not be implemented till 31-03-2026.

Our Take:

The new RBI governor played out a balancing act, by easing rates, while clearly being mindful of the global market volatility and its
potential impact on our currency, and hence maintaining a cautious tone. While more on the liquidity front was expected, the
remarks from the Governor indicate that the RBI could inject liquidity in the ensuing days, as liquidity conditions are likely to remain
tight despite the earlier announced measures. The RBI’s “proactive” approach on liquidity suggests that more policy instruments
might be deployed as and when required, basis the evolving liquidity conditions.

The neutral stance in some way rules out aggressive policy easing, while also not giving any forward guidance to the market on the
future trajectory. We believe the MPC is likely to cut rates by another 25bps in April 2025 given that risks to growth are on the
downside and headline inflation is likely to trend closer to the medium-term target of 4.0%. While we still ascribe a limited probability
to a third cut over June / September, it would be completely dependent on the global environment settling down and domestic
growth-inflation balance evolving favorably.

08
While the initial reaction of bond markets has been one of disappointment, with yields inching up by 3-5bps, we believe interest
rates will continue to soften over the next few months. The policy action comes in the milieu of recent liquidity measures which
coupled with fiscal consolidation leading to favorable G-Sec supply-demand dynamics (more so with RBI’s OMO Purchases), all of
which should keep rates benign. Given this backdrop, we continue to maintain a positive duration bias across the funds. We
recommend investors to stay invested and add duration to their portfolios wherever possible subject to their risk return frameworks.

Abbreviations:
SDF: Standing Deposit Facility
MSF: Marginal Standing Facility
CRR: Cash Reserve Ratio
OMO: Open Market Operations
GDP: Gross Domestic Product
CPI: Consumer Price Index
G-Sec: Government Securities
FOMC: Federal Open Market Committee
ECB: European Central Bank
BOJ: Bank of Japan
BOE: Bank of England

Source – Bloomberg, RBI, HSBC MF Research, Data as on 7 February 2025 or as latest available.
Note: 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.

Past performance may or may not be sustained in the future and is not indicative of future results.

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.
09
Product Suite
Equity Funds
Category Scheme Name Category Scheme Name
Large Cap Fund HSBC Large Cap Fund Thematic Fund HSBC India Export Opportunities
Large and Mid Cap Fund HSBC Large & Mid Cap Fund Fund

Mid Cap Fund HSBC Midcap Fund Thematic Fund HSBC Business Cycles Fund

Flexi Cap Fund HSBC Flexi Cap Fund Index Fund HSBC Nifty 50 Index Fund

Small Cap Fund HSBC Small Cap Fund Index Fund HSBC Nifty Next 50 Index Fund

Thematic - Infrastructure HSBC Infrastructure Fund ELSS Fund HSBC ELSS Tax saver Fund
Fund ELSS Fund HSBC Tax Saver Equity Fund
Focused Fund HSBC Focused Fund Value Fund HSBC Value Fund
Thematic Fund HSBC Consumption Fund Multi Cap Fund HSBC Multi Cap Fund

Debt Funds
Category Scheme Name Category Scheme Name
Overnight Fund HSBC Overnight Fund Corporate Bond Fund HSBC Corporate Bond Fund
Liquid Fund HSBC Liquid Fund Banking and PSU Fund HSBC Banking and PSU
Money Market Fund HSBC Money Market Fund Debt Fund

Low Duration Fund HSBC Low Duration Fund Credit Risk Fund HSBC Credit Risk Fund

Ultra Short Duration HSBC Ultra Short Duration Fund Gilt Fund HSBC Gilt Fund
Fund Index Fund HSBC CRISIL IBX 50:50 Gilt Plus
SDL Apr 2028 Index Fund
Short Duration Fund HSBC Short Duration Fund
Index Fund HSBC CRISIL IBX Gilt June
Medium Duration Fund HSBC Medium Duration Fund
2027 Index Fund
Medium to Long HSBC Medium to
Duration Fund Long Duration Fund
Dynamic Bond Fund HSBC Dynamic Bond 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

10
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 98.55% Banks 20.77%
Benchmark Nifty 100 TRI6
HDFC Bank Limited Banks 9.30% IT - Software 13.74%
NAV (as on 31.01.25) ICICI Bank Limited Banks 8.23%
Pharmaceuticals & Biotechnology 5.17%
Growth ₹ 451.7527 Infosys Limited IT - Software 6.69%
Reliance Industries Limited Petroleum Products 4.85% Aerospace & Defense 5.09%
Direct Growth ₹ 499.5844 Larsen & Toubro Limited Construction 3.90%
Petroleum Products 4.85%
AUM (as on 31.01.25) ₹ 1,827.54 Cr. Bharti Airtel Limited Telecom - Services 3.56%
AAUM (for the month ITC Limited Diversified FMCG 3.31% Diversified FMCG 4.66%
₹ 1848.94 Cr. Axis Bank Limited Banks 3.24%
of Jan) Construction 3.90%
Multi Commodity Exchange
Fund Manager & Experience of India Limited
Capital Markets 3.14%
Consumer Durables 3.82%
Neelotpal Sahai (Equity) NTPC Limited Power 2.84%
Finance 3.76%
Total Experience 30 Years Tech Mahindra Limited IT - Software 2.75%
Hindustan Aeronautics Automobiles 3.59%
Managing this fund Since May 27, 2013 Aerospace & Defense 2.69%
Limited
Gautam Bhupal (Equity) Shriram Finance Limited Finance 2.60% Retailing 3.57%

Total Experience 20 Years Bharat Electronics Limited Aerospace & Defense 2.40% Telecom - Services 3.56%
Managing this fund Since June 01, 2023 Sun Pharmaceutical Pharmaceuticals & Biotech-
2.39% Capital Markets 3.14%
Industries Limited nology
Sonal Gupta (Overseas Investments) Trent Limited Retailing 2.36% Power 2.84%
Total Experience 20 Years HCL Technologies Limited IT - Software 2.36%
Managing this fund Since Dec, 2023 Jubilant Foodworks Limited Leisure Services 2.31% Leisure Services 2.31%

Minimum Investment1 Asian Paints Limited Consumer Durables 2.20% Cement & Cement Products 2.20%
UltraTech Cement Limited Cement & Cement Products 2.20%
Lumpsum ₹ 5,000 Realty 2.04%
DLF Limited Realty 2.04%
SIP## Please refer page 79
Maruti Suzuki India Limited Automobiles 2.02% Transport Services 1.76%
Additional Purchase ₹ 1,000
LTIMindtree Limited IT - Software 1.94%
Entry load: “NA” Ferrous Metals 1.73%
Delhivery Limited Transport Services 1.76%
Exit load: • If the units redeemed or switched out are Jindal Steel & Power Healthcare Services 1.68%
upto 10% of the units purchased or switched in (“the Ferrous Metals 1.73%
Limited
limit”) within 1 year from the date of allotment - Nil Apollo Hospitals Enterprise Beverages 1.47%
• If units redeemed or switched out are over and Healthcare Services 1.68%
Limited Oil 1.44%
above the limit within 1 year from the date of allot-
Titan Company Limited Consumer Durables 1.62%
ment - 1% Reverse Repos/TREPS 1.11%
• If units are redeemed or switched out on or after 1 Tata Motors Limited Automobiles 1.57%
year from the date of allotment - Nil Varun Beverages Limited Beverages 1.47% Gas 0.97%
Oil & Natural Gas Corpora-
Quantitative Data2 tion Limited
Oil 1.44% Textiles & Apparels 0.49%
Standard Deviation 13.38% Hindustan Unilever Limited Diversified FMCG 1.35% Net Current Assets 0.36%
Beta (Slope) 0.93 Pharmaceuticals & Biotech-
Sharpe Ratio 3 0.46 Lupin Limited 1.25%
nology
R2 0.92% Zomato Limited Retailing 1.21%
Month End Total Expenses Ratios Pharmaceuticals & Biotech-
(Annualized)4 Mankind Pharma Limited 1.20% Portfolio Classification By Market Segment Class (%)
nology
Regular5 2.14% Power Finance Corporation
Finance 1.16%
Direct 1.21% Limited 4.90% 1.45%
Portfolio Turnover GAIL India Limited Gas 0.97%
8.66%
0.48
(1 year) Page Industries Limited Textiles & Apparels 0.49%
Dr Reddy''s Laboratories Pharmaceuticals & Biotech-
1
in multiples of Re 1 thereafter. 0.33%
Limited nology
2
Quantitative Data disclosed are as per monthly
returns (Annualized) for the last 3 years. Cash Equivalent 1.45%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on TREPS* 1.11%
Jan 31, 2025) Net Current Assets: 0.34%
4
TER Annualized TER including GST on Investment 84.99%
Total Net Assets as on 31-January-2025 100.00%
Management Fees
*TREPS : Tri-Party Repo fully collateralized by G-Sec
5
Continuing plans

Note - Criteria for Large, Mid & Small companies -

SEBI has demarcated the definitions of large cap,
mid cap and small cap companies as given below.
Large Cap Mid Cap Small Cap
Large Cap: 1st -100th company in terms of full market
capitalization, Mid Cap: 101st -250th company in terms
of full market capitalization, Small Cap: 251st company Debt
onwards in terms of full market capitalization of large/
mid/small cap companies. A list of stocks as per above
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/2024/90 dated June 27, 2024, 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

derate
Modera
t
This product is suitable for investors who are seeking*:
Mo sk High R ely
Ri isk
to te H
• To create wealth over long term
a Ri i
er k
Mo Low

gh

s
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• Investment in predominantly large cap equity and equity related securities

Ri

Ver isk
Low

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

The risk of the scheme is 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.

11
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 98.16%
ZF Commercial Vehicle Control
NIFTY Large Midcap Zomato Limited Retailing 4.86% Auto Components 0.02%
Systems India Ltd
Benchmark Infosys Limited IT - Software 4.35%
250 TRI6 Trent Limited Retailing 4.18%
Tata Motors Limited Automobiles 0.02%
ABB India Limited Electrical Equipment 0.01%
BSE Limited Capital Markets 3.54%
NAV (as on 31.01.25) HDFC Bank Limited Banks 3.54%
DLF Limited Realty 0.01%
Cummins India Limited Industrial Products 0.00%
Persistent Systems Limited IT - Software 3.32%
Growth ₹ 24.7602 GE Vernova T&D India Limited Electrical Equipment 3.18%
Motilal Oswal Financial Services
Capital Markets 0.00%
Financial Technology Limited
Direct Growth ₹ 26.9246 PB Fintech Limited 3.17% IIFL Capital Services Limited Capital Markets 0.00%
(Fintech)
Cash Equivalent 1.84%
AUM (as on 31.01.25) ₹ 3,873.33 Cr. CG Power and Industrial Solutions
Electrical Equipment 3.12%
Limited TREPS* 1.99%
AAUM (for the month ICICI Bank Limited Banks 3.09% Net Current Assets: -0.15%
₹ 4056.39 Cr. Total Net Assets as on 31-January-2025 100.00%
of Jan) Max Healthcare Institute Limited Healthcare Services 2.91%
Transformers And Rectifiers (India) *TREPS : Tri-Party Repo fully collateralized by G-Sec
Fund Manager & Experience Electrical Equipment 2.76%
Limited
Mahindra & Mahindra Limited Automobiles 2.60%
Cheenu Gupta (Equity) Bharat Electronics Limited Aerospace & Defense 2.57%
Total Experience 18 Years HDFC Asset Management Company
Limited
Capital Markets 2.51% Industry Allocation
Managing this fund Since Nov 26, 2022 Coforge Limited IT - Software 2.51%
Abhishek Gupta (Equity) Dixon Technologies (India) Limited Consumer Durables 2.41% IT - Software 13.36%
Hindustan Aeronautics Limited Aerospace & Defense 2.32%
Electrical Equipment 11.87%
Total Experience 19 Years Blue Star Limited Consumer Durables 1.85%
Godrej Properties Limited Realty 1.80% Capital Markets 9.52%
Managing this fund Since Apr 1, 2024
Bajaj Finance Limited Finance 1.76% Retailing 9.34%
Sonal Gupta (Overseas Investments) The Indian Hotels Company Limited Leisure Services 1.76%
Safari Industries India Limited Consumer Durables 1.73% Banks 8.38%
Total Experience 20 Years Sun Pharmaceutical Industries Pharmaceuticals & Consumer Durables 5.99%
1.61%
Managing this fund Since Dec, 2023 Limited Biotechnology Aerospace & Defense 5.45%
Federal Bank Limited Banks 1.61%
Minimum Investment1 LTIMindtree Limited IT - Software 1.54%
Pharmaceuticals &
Biotechnology
4.63%
Bharti Airtel Limited Telecom - Services 1.52% Automobiles 4%
Lumpsum ₹ 5,000 Nippon Life India Asset Manage-
Capital Markets 1.50% Industrial Manufacturing 3.63%
SIP## Please refer page 79 ment Limited
JSW Energy Limited Power 1.48% Financial Technology (Fintech) 3.17%
Additional Purchase ₹ 1,000 Triveni Turbine Limited Electrical Equipment 1.40% Power 3.11%
Polycab India Limited Industrial Products 1.31%
Entry load: “NA” Kaynes Technology India Ltd Industrial Manufacturing 1.27% Healthcare Services 2.91%
Pharmaceuticals & Industrial Products 2.63%
Exit load: If the units redeemed or Lupin Limited 1.23%
Biotechnology Finance 2.43%
switched out are upto 10% of the units KEI Industries Limited Industrial Products 1.23%
purchased or switched in (“the limit”) with- Jyoti CNC Automation Limited Industrial Manufacturing 1.18% Realty 2.12%

in 1 year from the date of allotment - Nil Mazagon Dock Shipbuilders Limited Industrial Manufacturing 1.18% Reverse Repos/TREPS 1.99%
Prudent Corporate Advisory
If units redeemed or switched out Services Limited
Capital Markets 1.09% Leisure Services 1.76%
are over and above the limit within 1 Zensar Technologies Limited IT - Software 1.05% Telecom - Services 1.52%
year from the date of allotment - 1% UltraTech Cement Limited
Cement & Cement
1.03% Cement & Cement Products 1.03%
Products
If units are redeemed or switched out on or Pharmaceuticals &
Paper Forest & Jute Products 0.62%
after 1 year from the date of allotment - Nil SAI Life Sciences Limited
Biotechnology
1.01% Personal Products 0.36%

Quantitative Data2 Computer Age Management Construction 0.24%

Capital Markets 0.88%
Services Limited
Beverages 0.05%
Standard Deviation 15.73% Maruti Suzuki India Limited Automobiles 0.82%
Apar Industries Limited Electrical Equipment 0.79% Auto Components 0.02%
Beta (Slope) 0.94 Torrent Power Limited Power 0.78% Petroleum Products 0.02%
NTPC Green Energy Limited Power 0.74%
Sharpe Ratio 3 0.65 Pharmaceuticals & Net Current Assets -0.14%
Biocon Limited 0.74%
R2 0.78%
Biotechnology
Paper Forest & Jute
Aditya Birla Real Estate Limited 0.62%
Products
Month End Total Expenses Ratios Data Patterns India Limited Aerospace & Defense 0.56% Portfolio Classification By Market Segment Class (%)
(Annualized)4 Bajaj Auto Limited Automobiles 0.51%
HCL Technologies Limited IT - Software 0.45%
Regular 5
1.93% Suzlon Energy Limited Electrical Equipment 0.36% 1.84%
Direct 0.89% Colgate Palmolive (India) Limited Personal Products 0.36% 12.89%
Bajaj Housing Finance Limited Finance 0.35%
Portfolio Turnover Swiggy Limited Retailing 0.30%
0.79 Cholamandalam Investment &
(1 year) Finance 0.23%
Finance Company Limited
1
in multiples of Re 1 thereafter. Techno Electric & Engineering
Construction 0.21%
2
Quantitative Data disclosed are as per monthly returns Company Limited
(Annualized) for the last 3 years. Sobha Limited Realty 0.21% 44.98%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Siemens Limited Electrical Equipment 0.20% 40.29%
State Bank of India Banks 0.14%
Jan 31, 2025)
Prestige Estates Projects Limited Realty 0.10%
4
TER Annualized TER including GST on Investment PTC Industries Limited Industrial Products 0.09%
Management Fees NTPC Limited Power 0.06%
5
Continuing plans KPIT Technologies Limited IT - Software 0.06%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Sonata Software Limited IT - Software 0.05% Large Cap Mid Cap Small Cap
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 Varun Beverages Limited Beverages 0.05%
TVS Motor Company Limited Automobiles 0.05% Debt
dated June 27, 2024, on ‘Guiding Principles for bringing Bharat Heavy Electricals Limited Electrical Equipment 0.05%
uniformity in Benchmarks of Mutual Fund Schemes’ Tata Power Company Limited Power 0.05%
has introduced two-tiered structure for benchmarking Pharmaceuticals &
Mankind Pharma Limited 0.04%
of certain categories of schemes. Accordingly, the Biotechnology Note - Criteria for Large, Mid & Small companies - SEBI has demarcated the
Larsen & Toubro Limited Construction 0.03% definitions of large cap, mid cap and small cap companies as given below.
benchmark has been classified as Tier 1 benchmark. Home First Finance Company
Finance 0.03% Large Cap: 1st -100th company in terms of full market capitalization, Mid
Furthermore, the same is effective from 01 December India Limited Cap: 101st -250th company in terms of full market capitalization, Small
2021. Jio Financial Services Limited Finance 0.03% Cap: 251st company onwards in terms of full market capitalization of
Sundaram Finance Limited Finance 0.03% large/mid/small cap companies. A list of stocks as per above criteria will
Wipro Limited IT - Software 0.03%
be uploaded on AMFI website and updated every six months by AMFI.
Reliance Industries Limited Petroleum Products 0.02%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
to te
Ri isk
H • Long term wealth creation and income
a Ri i • Investment predominantly in equity and equity related securities of Large and Mid cap companies
er k
Mo Low

gh

s
d

sk
Ri

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

y High
R
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.
The risk of the scheme is Very High Risk

12
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.

Fund Details % to
Issuer Industry/ Rating Industry Allocation
Net Assets
Date of Allotment 09-Aug-04 EQUITY 99.11%
CG Power and Industrial Solutions Electrical Equipment 15.30%
Benchmark: NIFTY Midcap 150 TRI Electrical Equipment 5.03%
Limited Capital Markets 11.92%
Persistent Systems Limited IT - Software 4.64%
NAV (as on 31.01.25) Financial Technology Consumer Durables 9.99%
PB Fintech Limited 4.59% IT - Software
(Fintech) 9.35%
Growth ₹ 352.1413 BSE Limited Capital Markets 4.58% Retailing 7.06%
Dixon Technologies (India) Limited Consumer Durables 4.25% Pharmaceuticals &
Direct Growth ₹ 396.0737 Zomato Limited Retailing 3.61% Biotechnology 4.86%
Max Healthcare Institute Limited Healthcare Services 3.60% Realty 4.66%
AUM (as on 31.01.25) ₹ 10,752.86 Cr. HDFC Asset Management Company
Capital Markets 3.47% Power 4.66%
Limited
AAUM (for the month
₹ 11407.69 Cr. The Indian Hotels Company Limited Leisure Services 3.40% Financial Technology (Fintech) 4.59%
of Jan) Trent Limited Retailing 3.40% Aerospace & Defense 3.65%
Coforge Limited IT - Software 3.38%
Fund Manager & Experience Federal Bank Limited Banks 3.27% Healthcare Services 3.65%
GE Vernova T&D India Limited Electrical Equipment 2.98% Industrial Products 3.45%
Cheenu Gupta (Equity) JSW Energy Limited Power 2.97%
Godrej Properties Limited Realty 2.94% Leisure Services 3.40%
Total Experience 18 Years Hitachi Energy India Ltd. Electrical Equipment 2.72% Banks 3.29%
Managing this fund Since Nov 26 2022 Lupin Limited
Pharmaceuticals &
2.57% Industrial Manufacturing
Biotechnology 2.69%
Venugopal Manghat (Equity) Mazagon Dock Shipbuilders Limited Industrial Manufacturing 2.42% Cigarettes & Tobacco Products 1.44%
Blue Star Limited Consumer Durables 2.26%
Total Experience 28 Years Multi Commodity Exchange of India
Paper Forest & Jute Products 1.23%
Capital Markets 2.22%
Managing this fund Since Oct 01 2023 Limited Reverse Repos/TREPS 0.98%
KEI Industries Limited Industrial Products 2.15% Beverages 0.95%
Sonal Gupta (Overseas Investments) Bharat Electronics Limited Aerospace & Defense 1.99%
Apar Industries Limited Electrical Equipment 1.94% Automobiles 0.73%
Total Experience 20 Years Torrent Power Limited Power 1.69% Cement & Cement Products 0.70%
Managing this fund Since Nov 26 2022 Nippon Life India Asset Management
Capital Markets 1.65% IT - Services 0.68%
Limited
Minimum Investment 1
Transformers And Rectifiers (India) Commercial Services & Supplies 0.52%
Electrical Equipment 1.53%
Lumpsum ₹ 5,000 Limited Finance 0.25%
Cigarettes & Tobacco
SIP## Please refer page 79 Godfrey Phillips India Limited
Products
1.44% Telecom - Services 0.06%
Additional Purchase ₹ 1,000 Pharmaceuticals & Chemicals & Petrochemicals 0.03%
Piramal Pharma Limited 1.40%
Biotechnology Auto Components 0.00%
Entry load: “NA” Oberoi Realty Limited Realty 1.39%
Net Current Assets - 0.11%
Exit load: • If the units redeemed or switched out Polycab India Limited Industrial Products 1.29%
Safari Industries India Limited Consumer Durables 1.28%
are upto 10% of the units purchased or switched in MphasiS Limited IT - Software 1.26%
(“the limit”) within 1 year from the date of allotment Paper Forest & Jute
Aditya Birla Real Estate Limited 1.23%
- Nil Products
Voltas Limited Consumer Durables 1.17% Portfolio Classification By Market Segment Class (%)
• If units redeemed or switched out are over and
Suzlon Energy Limited Electrical Equipment 1.10%
above the limit within 1 year from the date of allot- Radico Khaitan Limited Beverages 0.95%
ment - 1% Hindustan Aeronautics Limited Aerospace & Defense 0.91% 0.89%
Data Patterns India Limited Aerospace & Defense 0.75% 12.45%
• If units are redeemed or switched out on or after 1
Pharmaceuticals &
year from the date of allotment - Nil Biocon Limited
Biotechnology
0.75%
JK Cement Limited Cement & Cement Products 0.70%
Quantitative Data2 LandT Technology Services Limited IT - Services 0.68%
Standard Deviation 15.88% Bajaj Auto Limited Automobiles 0.66%
PG Electroplast Limited Consumer Durables 0.60%
Beta (Slope) 0.87 Firstsource Solutions Limited
Commercial Services &
0.52% 20.03%
Supplies
Sharpe Ratio 3 0.80 Johnson Control Hitachi Air Condition- 66.63%
R2 Consumer Durables 0.43%
0.83% ing India Ltd
Prestige Estates Projects Limited Realty 0.33%
Month End Total Expenses Ratios Kaynes Technology India Ltd Industrial Manufacturing 0.27%
(Annualized)4 CRISIL Limited Finance 0.13%
TVS Motor Company Limited Automobiles 0.07%
Regular5 1.74% Cholamandalam Investment & Finance
Finance 0.06%
Company Limited
Direct 0.69% Pharmaceuticals &
Mankind Pharma Limited 0.06% Mid Cap Large Cap Small Cap
Biotechnology
Portfolio Turnover
0.98 KPIT Technologies Limited IT - Software 0.06% Debt
(1 year) Bharti Hexacom Limited Telecom - Services 0.06%
1
in multiples of Re 1 thereafter. Global Health Limited Healthcare Services 0.05%
Mahindra & Mahindra Financial
2
Quantitative Data disclosed are as per monthly returns Finance 0.05%
(Annualized) for the last 3 years. Services Limited
Pharmaceuticals &
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025) Suven Pharmaceuticals Limited 0.04%
Biotechnology
4
TER Annualized TER including GST on Investment Management Pharmaceuticals &
Fees IPCA Laboratories Limited 0.04%
Biotechnology
5
Continuing plans Swiggy Limited Retailing 0.04%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. Gujarat Fluorochemicals Limited Chemicals & Petrochemicals 0.03%
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, on Indian Bank Banks 0.02%
‘Guiding Principles for bringing uniformity in Benchmarks of Mutual FSN E-Commerce Ventures Limited Retailing 0.01%
Fund Schemes’ has introduced two-tiered structure for benchmarking Sundaram Finance Limited Finance 0.01%
of certain categories of schemes. Accordingly, the benchmark has been Sonata Software Limited IT - Software 0.01%
changed to NIFTY Midcap 150 TRI Index which has been classified as Supreme Industries Limited Industrial Products 0.01%
Tier 1 benchmark. Furthermore , the same is effective from 01 December ABB India Limited Electrical Equipment 0.00%
2021. Bharat Heavy Electricals Limited Electrical Equipment 0.00%
Thermax Limited Electrical Equipment 0.00%
Motilal Oswal Financial Services
Note - Criteria for Large, Mid & Small companies - Capital Markets 0.00%
Limited
SEBI has demarcated the definitions of large cap, EIH Limited Leisure Services 0.00%
mid cap and small cap companies as given below. Bharat Forge Limited Auto Components 0.00%
Large Cap: 1st -100th company in terms of full market capitalization, Cummins India Limited Industrial Products 0.00%
Mid Cap: 101st -250th company in terms of full market capitalization, Cash Equivalent 0.89%
Small Cap: 251st company onwards in terms of full market TREPS* 0.98%
capitalization of large/mid/small cap companies. A list of stocks as per Net Current Assets: -0.09%
above criteria will be uploaded on AMFI website and updated every Total Net Assets as on 31-January-2025 100.00%
six months by AMFI. *TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Modera
derate t
Mo sk
Ri
High R ely
isk • Long term wealth creation
to te H
a Ri i • Investment in equity and equity related securities of mid cap companies
er k
Mo Low

gh

s
d

sk

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

Ver isk
Low

y High
R
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
The risk of the scheme is 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.

13
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 [Link], 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/ Industry/

Issuer % to Net Assets Issuer % to Net Assets
Rating Rating
Date of Allotment 24-Feb-04
EQUITY 97.56% Baazar Style Retail Ltd. Retailing 0.48%
Benchmark NIFTY 500 TRI6 Infosys Limited IT - Software 4.68%
PCBL Chemical Limited
Chemicals & Petro-
0.46%
HDFC Bank Limited Banks 4.62% chemicals
NAV (as on 31.01.25) ICICI Bank Limited Banks 4.34% Unimech Aerospace and Manufacturing
Aerospace & Defense 0.35%
Reliance Industries Limited Petroleum Products 3.03% Ltd.
Bharti Airtel Limited Telecom - Services 2.85% Vishal Mega Mart Limited Retailing 0.34%
Growth ₹ 202.7874 Larsen & Toubro Limited Construction 2.04% Apar Industries Limited Electrical Equipment 0.26%
State Bank of India Banks 1.98% Cash Equivalent 2.44%
Direct Growth ₹ 225.3904 Coforge Limited IT - Software 1.79% TREPS* 2.61%
Mahindra & Mahindra Limited Automobiles 1.71% Net Current Assets: -0.17%
AUM (as on 31.01.25) ₹ 4,680.33 Cr. BSE Limited Capital Markets 1.62% Total Net Assets as on 31-January-2025 100.00%
Zomato Limited Retailing 1.61%
AAUM (for the month
₹ 4821.17 Cr. LTIMindtree Limited IT - Software 1.60% *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Jan) Bharat Electronics Limited Aerospace & Defense 1.60%
Pharmaceuticals &
Fund Manager & Experience Sun Pharmaceutical Industries Limited
Biotechnology
1.57%

Abhishek Gupta (Equity)

Persistent Systems Limited
Power Finance Corporation Limited
IT - Software
Finance
1.53%
1.51% Industry Allocation
Tech Mahindra Limited IT - Software 1.50%
Total Experience 19 Years Cement & Cement
UltraTech Cement Limited 1.44% Banks 14.04%
Managing this fund Since Mar, 01 2024 Products
12.58%
Multi Commodity Exchange of India IT - Software
Capital Markets 1.37%
Venugopal Manghat (Equity) Limited Finance 6.11%
PNB Housing Finance Limited Finance 1.35% Pharmaceuticals & 4.96%
Total Experience 28 Years Bajaj Auto Limited Automobiles 1.33% Biotechnology
NTPC Limited Power 1.31% Electrical Equipment 4.23%
Managing this fund Since Apr, 01 2024 Shriram Finance Limited Finance 1.28% Capital Markets 3.66%
Sonal Gupta (Overseas Investments) PB Fintech Limited
Financial Technology
1.26% Retailing 3.65%
(Fintech)
Construction 3.26%
Total Experience 20 Years Axis Bank Limited Banks 1.26%
Automobiles 3.04%
Trent Limited Retailing 1.22%
Managing this fund Since Dec, 2023 Polycab India Limited Industrial Products 1.13% Petroleum Products 3.03%
Bansal Wire Industries Ltd. Industrial Products 1.13% 2.85%
Minimum Investment1 Telecom - Services
Pitti Engineering Ltd. Industrial Manufacturing 1.10%
Varun Beverages Limited Beverages 1.10% Aerospace & Defense 2.76%
Lumpsum ₹ 5,000 Jubilant Foodworks Limited Leisure Services 1.10% Auto Components 2.62%
SIP## Please refer page 79 Lupin Limited
Pharmaceuticals &
1.08% Reverse Repos/TREPS 2.61%
Biotechnology
Hindustan Unilever Limited Diversified FMCG 1.07% Consumer Durables 2.39%
Additional Purchase ₹ 1,000 Indian Bank Banks 1.06% Industrial Products 2.26%
Radico Khaitan Limited Beverages 1.03% Power 2.24%
Entry load: “NA” Aegis Logistics Limited Gas 1.02%
Cement & Cement Products 2.21%
Page Industries Limited Textiles & Apparels 0.98%
Exit load: If the units redeemed or switched out are Zensar Technologies Limited IT - Software 0.96% Beverages 2.13%
upto 10% of the units purchased or switched in (‘‘the Transformers And Rectifiers (India) Realty 2.05%
Electrical Equipment 0.96%
limit”) within 1 year from the date of allotment - Nil Limited Diversified FMCG 1.97%
If units redeemed or switched out are over and above GE Vernova T&D India Limited Electrical Equipment 0.96%
Tube Investments of India Limited Auto Components 0.94% Industrial Manufacturing 1.92%
the limit within 1 year from the date of allotment - 1% Samvardhana Motherson International Ferrous Metals 1.74%
If units are redeemed or switched out on or after 1 Auto Components 0.94%
Limited Fertilizers & Agrochemicals 1.43%
year from the date of allotment - Nil Siemens Limited Electrical Equipment 0.94% Healthcare Services 1.35%
JSW Energy Limited Power 0.93%
Quantitative Data2 Pharmaceuticals & Chemicals & Petrochemicals 1.30%
Wockhardt Limited 0.91% 1.26%
Biotechnology Financial Technology (Fintech)
Standard Deviation 13.38% ITC Limited Diversified FMCG 0.90% Leisure Services 1.10%
Jindal Steel & Power Limited Ferrous Metals 0.87% 1.02%
Beta (Slope) 0.90 Jindal Stainless Limited Ferrous Metals 0.87%
Gas
Chemicals & Petro- Textiles & Apparels 0.98%
Sharpe Ratio 3 0.75 Epigral Limited
chemicals
0.84%
Oil 0.84%
R2 0.91%
Oil India Limited
Voltas Limited
Oil
Consumer Durables
0.84%
0.84%
Personal Products 0.82%
Godrej Consumer Products Limited Personal Products 0.82% Transport Infrastructure 0.76%
Month End Total Expenses Ratios Kaynes Technology India Ltd Industrial Manufacturing 0.82% Insurance 0.52%
(Annualized)4 Hindustan Aeronautics Limited Aerospace & Defense 0.81% Paper Forest & Jute Products 0.48%
DLF Limited Realty 0.80%
Net Current Assets - 0.17%
Regular5 1.94% Dixon Technologies (India) Limited
The Karnataka Bank Limited
Consumer Durables
Banks
0.79%
0.78%
Direct 1.17% Birla Corporation Limited
Cement & Cement
0.77%
Products Portfolio Classification By Market Segment Class (%)
Portfolio Turnover 0.57 CreditAccess Grameen Limited Finance 0.77%
Mangalore Chemicals & Fertilizers Fertilizers & Agro-
(1 year) Limited chemicals
0.77%
Kalyan Jewellers India Limited Consumer Durables 0.76%
1
in multiples of Re 1 thereafter. Godrej Properties Limited Realty 0.76%
Jsw Infrastructure Limited Transport Infrastructure 0.76% 2.44%
2
Quantitative Data disclosed are as per monthly Global Health Limited Healthcare Services 0.75%
returns Annualized) for the last 3 years. Endurance Technologies Limited Auto Components 0.74%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Pharmaceuticals &
Dishman Carbogen Amcis Limited 0.73% 22.23%
Biotechnology
Jan 31, 2025) Cholamandalam Investment & Finance
Finance 0.70%
4
TER Annualized TER including GST on Investment Company Limited
Management Fees Concord Biotech Limited
Pharmaceuticals &
0.67%
Biotechnology
5
Continuing plans IIFL Capital Services Limited Capital Markets 0.67%
Fertilizers & Agro-
Note - Criteria for Large, Mid & Small companies - PI Industries Litmited
chemicals
0.66%
SEBI has demarcated the definitions of large cap, Sterling and Wilson Renewable Energy 52.62%
mid cap and small cap companies as given below. Construction 0.62%
Limited
Large Cap: 1st -100th company in terms of full market PNC Infratech Limited Construction 0.60% 22.71%
capitalization, Mid Cap: 101st -250th company in terms Syngene International Limited Healthcare Services 0.60%
Bharat Bijlee Limited Electrical Equipment 0.59%
of full market capitalization, Small Cap: 251st company Go Digit General Insurance Limited Insurance 0.52%
onwards in terms of full market capitalization of large/ TD Power Systems Limited Electrical Equipment 0.52%
mid/small cap companies. A list of stocks as per above Sonata Software Limited IT - Software 0.52%
criteria will be uploaded on AMFI website and updated IIFL Finance Limited Finance 0.50%
TARC Limited Realty 0.49% Large Cap Small Cap Mid Cap Debt
every six months by AMFI. Paper Forest & Jute
West Coast Paper Mills Limited 0.48%
Products

6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • To create wealth over long term
to te H
a Ri i
er k • Invests in equity and equity related securities across market capitalisations
Mo Low

gh

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

y High
R
Risk

The risk of the scheme is 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.

14
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 98.13% Thangamayil Jewellery Limited Consumer Durables 0.41%
Date of Allotment 30-Jan-23 HDFC Bank Limited Banks 3.52% ABB India Limited Electrical Equipment 0.40%
ICICI Bank Limited Banks 2.72% Agricultural Food & other
CCL Products (India) Limited 0.39%
NIFTY 500 Multicap Infosys Limited IT - Software 2.60% Products
Benchmark Wipro Limited IT - Software 2.37%
[Link] TRI4 Reliance Industries Limited Petroleum Products 2.29%
Container Corporation of India
Transport Services 0.38%
Limited
Multi Commodity Exchange of
NAV (as on 31.01.25) India Limited
Capital Markets 2.10% Balrampur Chini Mills Limited
Agricultural Food & other
0.38%
Products
Jubilant Foodworks Limited Leisure Services 1.98% Hindustan Petroleum Corporation
Growth ₹ 17.2896 Oberoi Realty Limited Realty 1.94% Limited
Petroleum Products 0.35%
Federal Bank Limited Banks 1.90%
Direct Growth ₹ 17.7587 Pharmaceuticals &
Hindalco Industries Limited Non - Ferrous Metals 0.31%
Neuland Laboratories Limited 1.87% Agricultural Commercial &
Escorts Kubota Limited 0.30%
AUM (as on 31.01.25) ₹ 4,253.86 Cr. Biotechnology Construction Vehicles
GE Vernova T&D India Limited Electrical Equipment 1.76% Whirlpool of India Limited Consumer Durables 0.30%
AAUM (for the month NTPC Limited Power 1.63% West Coast Paper Mills Limited Paper Forest & Jute Products 0.29%
₹ 4335.94 Cr. Nippon Life India Asset Manage-
of Jan) ment Limited
Capital Markets 1.62% Jindal Steel & Power Limited Ferrous Metals 0.27%
Rolex Rings Limited Auto Components 0.25%
Fund Manager & Experience Zensar Technologies Limited IT - Software 1.61% Hyundai Motor India Limited Automobiles 0.23%
Kaynes Technology India Ltd Industrial Manufacturing 1.60% VRL Logistics Limited Transport Services 0.16%
Venugopal Manghat (Equity) PB Fintech Limited
Financial Technology
1.59% Sai Silks Kalamandir Limited Retailing 0.05%
(Fintech) Cash Equivalent 1.87%
Total Experience 28 Years Shriram Finance Limited Finance 1.52% TREPS* 1.43%
Managing this fund Since Jan 30, 2023 Zomato Limited Retailing 1.50% Net Current Assets: 0.44%
Larsen & Toubro Limited Construction 1.43%
Total Net Assets as on 31-January-2025 100.00%
Gautam Bhupal (Equity) Persistent Systems Limited IT - Software 1.42%
Varun Beverages Limited Beverages 1.41% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 20 Years Axis Bank Limited Banks 1.40%
Tech Mahindra Limited IT - Software 1.33%
Managing this fund Since Apr 01, 2024 State Bank of India Banks 1.32%
Mahesh Chhabria (Fixed Income) Dixon Technologies (India) Limited Consumer Durables 1.30%
Divi''s Laboratories Limited
Pharmaceuticals &
1.23%
Industry Allocation5
Total Experience 14.5 Years Biotechnology
Commercial Services &
Managing this fund Since Feb 1, 2025 Firstsource Solutions Limited
Supplies
1.19% IT - Software 12.43%
Banks 11.38%
Sonal Gupta (Overseas Investments) Trent Limited Retailing 1.18%
Pharmaceuticals & Biotechnology 7.68%
Housing and Urban Development
Finance 1.18%
Total Experience 20 Years Corporation Limited Electrical Equipment 5.91%
Mahindra & Mahindra Limited Automobiles 1.17% Finance 5.74%
Managing this fund Since Jan 30, 2023 TVS Motor Company Limited Automobiles 1.17% Capital Markets 4.52%
4.44%
Minimum Investment1 SAI Life Sciences Limited
Pharmaceuticals &
1.16%
Construction
4.07%
Biotechnology Automobiles
Lumpsum ₹ 5,000 Power Finance Corporation Limited Finance 1.13% Leisure Services 3.68%
Bharti Airtel Limited Telecom - Services 1.13% Industrial Products 3.41%
SIP## Please refer page 79 UltraTech Cement Limited Cement & Cement Products 1.10% Retailing 3.23%
Suzlon Energy Limited Electrical Equipment 1.08% Consumer Durables 2.73%
Additional Purchase ₹ 1,000 Maruti Suzuki India Limited Automobiles 1.06% Petroleum Products 2.64%
Sun Pharmaceutical Industries Pharmaceuticals & Commercial Services & Supplies 2.14%
Entry load: “NA” Limited Biotechnology
1.05%
Industrial Manufacturing 2.01%
TD Power Systems Limited Electrical Equipment 1.04% 1.99%
Exit load: If units redeemed or switched out are Power Mech Projects Limited Construction 1.02%
Beverages
1.94%
Realty
upto 10% of the units purchased or switched in within Lemon Tree Hotels Limited Leisure Services 1.01% Textiles & Apparels 1.85%
1 year from the date of allotment – Nil Siemens Limited Electrical Equipment 0.98% Diversified FMCG 1.68%
If units redeemed or switched out are over and above Gokaldas Exports Limited Textiles & Apparels 0.96% Power 1.63%
the limit within 1 year from the date of allotment – 1% eClerx Services Limited Commercial Services & Supplies 0.95% Financial Technology (Fintech) 1.59%
KPIT Technologies Limited IT - Software 0.95%
If units are redeemed or switched out on or after 1 Engineers India Limited Construction 0.94%
Chemicals & Petrochemicals 1.45%
year from the date of allotment. – Nil Reverse Repos/TREPS 1.43%
Pharmaceuticals & 1.35%
Lupin Limited 0.94% Agricultural Food & other Products
Biotechnology
Month End Total Expenses Ratios Sumitomo Chemical India Limited Fertilizers & Agrochemicals 0.91%
Telecom - Services 1.13%
(Annualized)2 Epigral Limited Chemicals & Petrochemicals 0.89%
Cement & Cement Products 1.10%
Ferrous Metals 0.97%
KPR Mill Limited Textiles & Apparels 0.89%
Regular3 1.87% Pharmaceuticals & Fertilizers & Agrochemicals 0.91%
IPCA Laboratories Limited 0.87% Aerospace & Defense 0.78%
Biotechnology
Direct 0.60% Hindustan Unilever Limited Diversified FMCG 0.86% Auto Components 0.67%
Sundaram Finance Limited Finance 0.85% Oil 0.63%
Portfolio Turnover 0.28 ITC Limited Diversified FMCG 0.82% Gas 0.56%
(1 year) HDFC Asset Management Transport Services 0.54%
Capital Markets 0.80% Net Current Assets 0.46%
Company Limited
Personal Products 0.45%
1
in multiples of Re 1 thereafter. KEI Industries Limited Industrial Products 0.79%
Bharat Electronics Limited Aerospace & Defense 0.78% Non - Ferrous Metals 0.31%
2
TER Annualized TER including GST on Investment Coforge Limited IT - Software 0.76%
Agricultural Commercial & 0.30%
Construction Vehicles
Management Fees Time Technoplast Limited Industrial Products 0.74% Paper Forest & Jute Products 0.29%
3
Continuing plans Safari Industries India Limited Consumer Durables 0.72%
Sonata Software Limited IT - Software 0.70%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Jindal Stainless Limited Ferrous Metals 0.70%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 HCL Technologies Limited IT - Software 0.69%
dated June 27, 2024, on ‘Guiding Principles for bringing The Indian Hotels Company Limited Leisure Services 0.69% Portfolio Classification By Market Segment Class (%)5
uniformity in Benchmarks of Mutual Fund Schemes’ AIA Engineering Limited Industrial Products 0.66%
Ratnamani Metals & Tubes Limited Industrial Products 0.65%
has introduced two-tiered structure for benchmarking Bharat Bijlee Limited Electrical Equipment 0.65%
of certain categories of schemes. Accordingly, the 1.87%
Oil India Limited Oil 0.63%
benchmark has been classified as Tier 1 benchmark. Radico Khaitan Limited Beverages 0.58%
Furthermore , the same is effective from 01 December Marico Limited
Agricultural Food & other
0.58%
2021. Products 26.48%
KEC International Limited Construction 0.57%
Note - Criteria for Large, Mid & Small companies - SEBI Cholamandalam Investment & 42.33%
Finance 0.57%
has demarcated the definitions of large cap, mid cap Finance Company Limited
and small cap companies as given below. Kirloskar Oil Eng Limited Industrial Products 0.57%
Pharmaceuticals &
Large Cap: 1st -100th company in terms of full market Suven Pharmaceuticals Limited
Biotechnology
0.56%
capitalization, Mid Cap: 101st -250th company in terms Gujarat Fluorochemicals Limited Chemicals & Petrochemicals 0.56%
of full market capitalization, Small Cap: 251st company Aegis Logistics Limited Gas 0.56% 29.32%
onwards in terms of full market capitalization of large/ Karur Vysya Bank Limited Banks 0.52%
mid/small cap companies. A list of stocks as per above Swiggy Limited Retailing 0.50%
Bajaj Finance Limited Finance 0.49%
criteria will be uploaded on AMFI website and updated PNC Infratech Limited Construction 0.48% Large Cap Mid Cap Small Cap
every six months by AMFI. Colgate Palmolive (India) Limited Personal Products 0.45%
Bajaj Auto Limited Automobiles 0.44% Debt
UNO Minda Limited Auto Components 0.42%
Jyoti CNC Automation Limited Industrial Manufacturing 0.41%

derate
Modera
t
This product is suitable for investors who are seeking*:
Mo sk High R ely
Ri
to te
isk
H • To create wealth over long-term
a Ri i
er k
Mo Low

• Investment predominantly in equity and equity related securities across market capitalisation
gh k

s
d

s
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is 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.

15
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 96.28% Pharmaceuticals &
SAI Life Sciences Limited 0.42%
Date of Allotment 12-May-14 BSE Limited Capital Markets 2.93% Biotechnology
Pharmaceuticals & Sterling Tools Limited Auto Components 0.41%
Neuland Laboratories Limited 2.73%
NIFTY Small Cap Biotechnology JK Tyre & Industries Ltd. Auto Components 0.39%
Benchmark Aditya Birla Real Estate Limited Paper Forest & Jute Products 2.22% Safari Industries India Limited Consumer Durables 0.37%
250 TRI6 KPR Mill Limited Textiles & Apparels 1.98% Jyothy Laboratories Limited Household Products 0.36%
Brigade Enterprises Limited Realty 1.89% Nitin Spinners Limited Textiles & Apparels 0.35%
NAV (as on 31.01.25) NCC Limited Construction 1.84% Hi-Tech Pipes Limited Industrial Products 0.34%
Karur Vysya Bank Limited Banks 1.84% Niit Learning Systems Limited Other Consumer Services 0.27%
Growth ₹ 78.1329 Amber Enterprises India Limited Consumer Durables 1.77% Happy Forgings Limited Industrial Products 0.26%
Time Technoplast Limited Industrial Products 1.77% Electronics Mart India Limited Retailing 0.20%
Direct Growth ₹ 86.3989 Techno Electric & Engineering
Construction 1.72%
WIM Plast Limited Industrial Products 0.15%
Company Limited Sai Silks Kalamandir Limited Retailing 0.11%
AUM (as on 31.01.25) ₹ 15,453.03 Cr. Kfin Technologies Limited Capital Markets 1.71% IIFL Capital Services Limited Capital Markets 0.09%
Kirloskar Pneumatic Co Limited Industrial Products 1.71% MM Forgings Limited Auto Components 0.08%
AAUM (for the month Dixon Technologies (India) Limited Consumer Durables 1.62% Orient Paper & Industries Limited Paper Forest & Jute Products 0.05%
₹ 16285.21 Cr. Jyoti CNC Automation Limited Industrial Manufacturing 1.61% Cash Equivalent 3.72%
of Jan) Federal Bank Limited Banks 1.61% TREPS* 3.76%
Pharmaceuticals & Net Current Assets: -0.04%
Fund Manager & Experience Suven Pharmaceuticals Limited
Biotechnology
1.57% Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Venugopal Manghat (Equity) Ratnamani Metals & Tubes Limited Industrial Products 1.56%
Sumitomo Chemical India Limited Fertilizers & Agrochemicals 1.55%
Total Experience 28 Years Apar Industries Limited Electrical Equipment 1.55%
Trent Limited Retailing 1.53%
Managing this fund Since Dec 17, 2019 KEI Industries Limited Industrial Products 1.52% Industry Allocation
Multi Commodity Exchange of
Cheenu Gupta (Equity) India Limited
Capital Markets 1.50%
PNB Housing Finance Limited Finance 1.46% Industrial Products 14.99%
Total Experience 18 Years Nippon Life India Asset Manage-
Capital Markets 1.44% Capital Markets 9.03%
Managing this fund Since Oct 01, 2023 ment Limited
Supreme Petrochem Limited Chemicals & Petrochemicals 1.41% Consumer Durables 7.43%
Sonal Gupta (Overseas Investments) Sonata Software Limited IT - Software 1.41%
Aegis Logistics Limited Gas 1.40% Construction 7.18%
Total Experience 20 Years Gokaldas Exports Limited Textiles & Apparels 1.40%
Pharmaceuticals & Biotechnology 6.69%
Managing this fund Since July 05, 2021 KPIT Technologies Limited IT - Software 1.37%
Sobha Limited Realty 1.31% Auto Components 5.56%
KEC International Limited Construction 1.31%
Minimum Investment1 HG Infra Engineering Limited Construction 1.30% Realty 5.20%
Lumpsum ₹ 5,000 GE Vernova T&D India Limited Electrical Equipment 1.29%
Textiles & Apparels 5.04%
Finolex Cables Limited Industrial Products 1.23%
SIP## Please refer page 79 Persistent Systems Limited IT - Software 1.22% IT - Software 4%
Additional Purchase ₹ 1,000 EID Parry India Limited Fertilizers & Agrochemicals
Pharmaceuticals &
1.20%
Finance 3.81%
Concord Biotech Limited 1.19%
Entry load: “NA” Biotechnology
Reverse Repos/TREPS 3.76%
Radico Khaitan Limited Beverages 1.17%
Exit load: • If the units redeemed or switched out Tube Investments of India Limited Auto Components 1.15% Banks 3.45%
are upto 10% of the units purchased or switched in Oberoi Realty Limited Realty 1.07%
Polycab India Limited Industrial Products 1.07% Electrical Equipment 3.30%
(“the limit”) within 1 year from the date of allotment Agricultural Food & other
Balrampur Chini Mills Limited 1.00% Industrial Manufacturing 2.84%
- Nil Products
• If units redeemed or switched out are over and EIH Limited Leisure Services 0.99% Fertilizers & Agrochemicals 2.75%
Commercial Services &
above the limit within 1 year from the date of allot- Firstsource Solutions Limited 0.96% Paper Forest & Jute Products 2.27%
Supplies
ment - 1% Cholamandalam Financial Holdings
Finance 0.95% Leisure Services 1.89%
• If units are redeemed or switched out on or after 1 Limited
year from the date of allotment - Nil Mahindra Lifespace Developers Commercial Services & Supplies 1.88%
Realty 0.93%
Limited 1.84%
Quantitative Data2 Commercial Services &
Retailing
eClerx Services Limited 0.92%
Standard Deviation 16.70% Supplies Chemicals & Petrochemicals 1.83%
Lemon Tree Hotels Limited Leisure Services 0.90%
Beta (Slope) 0.80 Grindwell Norton Limted Industrial Products 0.87% Agricultural Food & other Products 1.59%
Sharpe Ratio 3 0.72 Cera Sanitaryware Limited Consumer Durables 0.86% Gas 1.40%
Welspun Living Limited Textiles & Apparels 0.83%
R2 0.92% Jindal Saw Limited Industrial Products 0.82% Beverages 1.17%
UNO Minda Limited Auto Components 0.81%
Month End Total Expenses Ratios Finolex Industries Limited Industrial Products 0.79% Healthcare Services 0.51%
(Annualized)4 IIFL Finance Limited Finance 0.78%
Household Products 0.36%
Pharmaceuticals &
Regular5 1.69% Wockhardt Limited
Biotechnology
0.78%
Other Consumer Services 0.27%
Direct 0.67% PG Electroplast Limited Consumer Durables 0.77%
Net Current Assets -0.03%
PTC Industries Limited Industrial Products 0.74%
Portfolio Turnover Carborundum Universal Limited Industrial Products 0.73%
0.30 360 One Wam Limited Capital Markets 0.70%
(1 year) LMW Limited Industrial Manufacturing 0.69%
Prudent Corporate Advisory Portfolio Classification By Market Segment Class (%)
1
in multiples of Re 1 thereafter. Capital Markets 0.66%
Services Limited
Sundaram Finance Limited Finance 0.62% 2.60%
2
Quantitative Data disclosed are as per monthly Sharda Motor Industries Limited Auto Components 0.62% 3.72%
returns Carraro India Limited Auto Components 0.59%
Agricultural Food & other
(Annualized) for the last 3 years. CCL Products (India) Limited 0.59%
Products 21.01%
Supreme Industries Limited Industrial Products 0.56%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Exide Industries Limited Auto Components 0.56%
Jan 31, 2025) Kajaria Ceramics Limited Consumer Durables 0.54%
Titagarh Rail Systems Limited Industrial Manufacturing 0.54%
TER Annualized TER including GST on Investment
4
Blue Star Limited Consumer Durables 0.53%
Management Fees PNC Infratech Limited Construction 0.52% 72.67%
Century Plyboards (India) Limited Consumer Durables 0.52%
5
Continuing plans Vijaya Diagnostic Centre Limited Healthcare Services 0.51%
Motherson Sumi Wiring India
Auto Components 0.50%
Note - Criteria for Large, Mid & Small companies - Limited
SEBI has demarcated the definitions of large cap, Engineers India Limited Construction 0.49%
mid cap and small cap companies as given below. Indo Count Industries Limited Textiles & Apparels 0.48%
Suzlon Energy Limited Electrical Equipment 0.46%
Large Cap: 1st -100th company in terms of full market Somany Ceramics Limited Consumer Durables 0.45%
capitalization, Mid Cap: 101st -250th company in terms Rolex Rings Limited Auto Components 0.45% Small Cap Mid Cap Debt
of full market capitalization, Small Cap: 251st company Maharashtra Seamless Limited Industrial Products 0.44%
Apollo Pipes Limited Industrial Products 0.43% Large Cap
onwards in terms of full market capitalization of large/ Alkyl Amines Chemicals Limited Chemicals & Petrochemicals 0.42%
mid/small cap companies. A list of stocks as per above
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/2024/90 dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • Long term capital appreciation
Ri isk
to te H
a Ri i • Investment predominantly in equity and equity related securities, including equity derivatives in Indian markets with key
er k
Mo Low

gh

s
d

sk

theme focus being emerging companies (small cap stocks); and foreign securities
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is 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.

16
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 92.22%
Banks 13.77%
Date of Allotment 22-July-2020 ICICI Bank Limited Banks 9.23%
IT - Software 10.58%
Benchmark Nifty 500 TRI 4 Infosys Limited IT - Software 5.77% Pharmaceuticals & Biotechnology 10.09%
NAV (as on 31.01.25) Zensar Technologies Consumer Durables 8.54%
IT - Software 4.81%
Limited
Reverse Repos/TREPS 7.85%
Growth ₹ 23.4051 Financial Technology
PB Fintech Limited 4.77% Healthcare Services 5.42%
Direct Growth ₹ 24.9772 (Fintech)
Financial Technology (Fintech) 4.77%
AUM (as on 31.01.25) ₹ 1,627.93 Cr. Axis Bank Limited Banks 4.54%
Industrial Manufacturing 4.20%
AAUM (for the month Sun Pharmaceutical Pharmaceuticals &
₹ 1692.89 Cr, 4.29% Finance 4.18%
of Jan) Industries Limited Biotechnology
Capital Markets 4.05%
Fund Manager & Experience Shriram Finance Limited Finance 4.18%
Industrial Products 3.46%
Neelotpal Sahai (Equity) Multi Commodity Electrical Equipment
Capital Markets 4.05% 3.29%
Total Experience 30 Years Exchange of India Limited
Oil 3.23%
Managing this fund Since Jul 29, 2020 Rainbow Children''s
Healthcare Services 3.50% Diversified FMCG 3.03%
Medicare Limited
Cheenu Gupta (Equity) Chemicals & Petrochemicals 2.84%
KEI Industries Limited Industrial Products 3.46%
Total Experience 18 Years Fertilizers & Agrochemicals 2.57%
Managing this fund Since Jun 01, 2023 Blue Star Limited Consumer Durables 3.35%
Retailing 2.17%
Sonal Gupta (Overseas Investments) GE Vernova T&D India
Electrical Equipment 3.29% Textiles & Apparels 2.12%
Limited
Total Experience 20 Years Commercial Services & Supplies 2.06%
Managing this fund Since Dec, 2023 Oil & Natural Gas
Oil 3.23% Construction 1.85%
Corporation Limited
Minimum Investment1 Net Current Assets - 0.09%
Kalyan Jewellers India
Lumpsum ₹ 5,000 Consumer Durables 3.09%
Limited
SIP## Please refer page 79 Hindustan Unilever Limited Diversified FMCG 3.03%
Additional Purchase ₹ 1,000 Chemicals &
Epigral Limited 2.84% Portfolio Classification By Market Segment Class (%)
Entry load: “NA” Petrochemicals
Exit load: If the units redeemed or switched out are Pharmaceuticals &
Mankind Pharma Limited 2.62% 7.78%
upto 10% of the units purchased or switched in (‘‘the Biotechnology
limit”) within 1 year from the date of allotment - Nil
Mangalore Chemicals & Fertilizers &
If units redeemed or switched out are over and above 2.57%
Fertilizers Limited Agrochemicals
the limit within 1 year from the date of allotment - 1%
Jyoti CNC Automation Industrial
If units are redeemed or switched out on or after 1 2.26%
Limited Manufacturing 20.58%
year from the date of allotment - Nil
Swiggy Limited Retailing 2.17% 36.44%
Quantitative Data 5

Standard Deviation 13.97% Neuland Laboratories Pharmaceuticals &

2.17%
Limited Biotechnology
Beta (Slope) 0.91
Ganesha Ecosphere 35.20%
Sharpe Ratio 6 0.44 Textiles & Apparels 2.12%
Limited
R2 0.85% Whirlpool of India Limited Consumer Durables 2.10%
Month End Total Expenses Ratios Firstsource Solutions Commercial Services
2.06% Small Cap Mid Cap
(Annualized)2 Limited & Supplies Large Cap

Regular 5
2.11% Industrial Debt
Pitti Engineering Ltd. 1.94%
Direct 0.91% Manufacturing
Portfolio Turnover Artemis Medicare Services
0.49 Healthcare Services 1.92%
(1 year) Limited
Power Mech Projects
1
in multiples of Re 1 thereafter. Construction 1.85%
Limited
2
TER Annualized TER including GST on Investment
Management Fees Pharmaceuticals &
SAI Life Sciences Limited 1.01%
3
Continuing plans Biotechnology
4
As per clause 1.9 of the SEBI Master Circular for Mutual Cash Equivalent 7.78%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
dated June 27, 2024, on ‘Guiding Principles for bringing TREPS* 7.85%
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking Net Current Assets: -0.07%
of certain categories of schemes. Accordingly, the Total Net Assets as on 31-January-2025 100.00%
benchmark has been changed to Nifty 500 TRI which
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: 6.65% (FIMMDA-NSE Mibor) as on
Jan 31, 2025)

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • Long term wealth creation
Ri isk
to te H
a Ri i • Investment in equity and equity related securities across market capitalization in maximum 30 stocks
er k
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is 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.

17
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 98.18%
Date of Allotment 27-Sep-07 NTPC Limited Power 7.78% Construction 15.09%
NIFTY Infrastructure Bharti Airtel Limited Telecom - Services 7.35% Industrial Products 11.94%
Benchmark Bharat Electronics Limited Aerospace & Defense 7.18%
TRI6 Electrical Equipment 10.60%
Larsen & Toubro Limited Construction 7.16%
NAV (as on 31.01.25) Reliance Industries Limited Petroleum Products 5.34% Aerospace & Defense 8.70%
Growth ₹ 44.4153 Cement & Cement
UltraTech Cement Limited 4.43% Power 7.78%
Direct Growth ₹ 49.6987 Products
Paper Forest & Jute Telecom - Services 7.35%
AUM (as on 31.01.25) ₹ 2,305.66 Cr. Aditya Birla Real Estate Limited 2.95%
Products Petroleum Products 6.29%
AAUM (for the month Power Finance Corporation
₹ 2371.99 Cr. Finance 2.73% Industrial Manufacturing 4.75%
Limited
of Jan)
Dixon Technologies (India) Consumer Durables 4.64%
Consumer Durables 2.56%
Fund Manager & Experience Limited
Cement & Cement Products 4.43%
ABB India Limited Electrical Equipment 2.29%
Venugopal Manghat (Equity) Finolex Cables Limited Industrial Products 1.96% Paper Forest & Jute Products 2.95%
Total Experience 28 Years KEI Industries Limited Industrial Products 1.93%
Realty 2.75%
Managing this fund Since Dec 17, 2019 Amber Enterprises India
Consumer Durables 1.75% Finance 2.73%
Limited
Gautam Bhupal (Equity) Siemens Limited Electrical Equipment 1.74% Reverse Repos/TREPS 1.99%
Total Experience Over 20 Years KEC International Limited Construction 1.73%
Indian Energy Exchange Capital Markets 1.61%
Managing this fund Since Nov 26, 2022 Capital Markets 1.61%
Limited Gas 1.42%
Sonal Gupta (Overseas Investment) Suzlon Energy Limited Electrical Equipment 1.57%
Oil 1.32%
Hindustan Aeronautics Limited Aerospace & Defense 1.52%
Total Experience Over 20 Years Brigade Enterprises Limited Realty 1.52% Non - Ferrous Metals 1.30%
Managing this fund Since Nov 26, 2022 Kirloskar Pneumatic Co Limited Industrial Products 1.51% Telecom Services 0.84%
Minimum Investment1 Kennametal India Limited Industrial Manufacturing 1.50% Agricultural Commercial &
Kirloskar Oil Eng Limited Industrial Products 1.45% 0.61%
Construction Vehicles
Lumpsum ₹ 5,000 Apar Industries Limited Electrical Equipment 1.43% 0.58%
Transport Services
SIP## Please refer page 79 Aegis Logistics Limited Gas 1.42%
Additional Purchase ₹ 1,000 Ferrous Metals 0.50%
Bansal Wire Industries Ltd. Industrial Products 1.35%
Entry load: “NA” Oil India Limited Oil 1.32% Net Current Assets -0.17%
Hindalco Industries Limited Non - Ferrous Metals 1.30%
Exit load: • If the units redeemed or switched out Jyoti CNC Automation Limited Industrial Manufacturing 1.29%
are upto 10% of the units purchased or switched in GE Vernova T&D India Limited Electrical Equipment 1.27%
(“the limit”) within 1 year from the date of allotment Titagarh Rail Systems Limited Industrial Manufacturing 1.26%
- Nil Polycab India Limited Industrial Products 1.15%
• If units redeemed or switched out are over and Power Mech Projects Limited Construction 1.14% Portfolio Classification By Market Segment Class (%)
above the limit within 1 year from the date of allot- NCC Limited Construction 0.96%
ment - 1%
Hindustan Petroleum Corpora-
• If units are redeemed or switched out on or after 1 Petroleum Products 0.95%
1.82%
tion Limited
year from the date of allotment - Nil 13.16%
Grindwell Norton Limted Industrial Products 0.91%
Quantitative Data2 Sterling and Wilson Renewable
Construction 0.89%
Standard Deviation 16.21% Energy Limited
PNC Infratech Limited Construction 0.87%
Beta (Slope) 0.83 Bharti Airtel Limited Partly
Telecom Services 0.84%
Sharpe Ratio 3
0.96 Paid 51.23%
Bharat Heavy Electricals 33.79%
R2 0.66% Limited
Electrical Equipment 0.82%
Phoenix Mills Limited Realty 0.81%
Month End Total Expenses Ratios Jindal Saw Limited Industrial Products 0.79%
(Annualized)4 Bharat Bijlee Limited Electrical Equipment 0.77%
Regular5 2.05% Isgec Heavy Engineering
Construction 0.76%
Limited
Direct 1.01% Engineers India Limited Construction 0.74% Large Cap Small Cap Mid Cap
Portfolio Turnover HG Infra Engineering Limited Construction 0.72%
0.25 Transformers And Rectifiers Debt
(1 year) (India) Limited
Electrical Equipment 0.71%
1
in multiples of Re 1 thereafter. Pitti Engineering Ltd. Industrial Manufacturing 0.70%
2
Quantitative Data disclosed are as per monthly returns Agricultural Commercial &
BEML Limited 0.61%
(Annualized) for the last 3 years. Construction Vehicles
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, Delhivery Limited Transport Services 0.58%
2025) Jindal Stainless Limited Ferrous Metals 0.50%
4
TER Annualized TER including GST on Investment Hi-Tech Pipes Limited Industrial Products 0.48%
Management Fees DLF Limited Realty 0.42%
5
Continuing plans Happy Forgings Limited Industrial Products 0.41%
6
As per clause 1.9 of the SEBI Master Circular for Mutual PG Electroplast Limited Consumer Durables 0.33%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated Ahluwalia Contracts (India)
June 27, 2024, on ‘Guiding Principles for bringing uniformity
Construction 0.12%
Limited
in Benchmarks of Mutual Fund Schemes’ has introduced Cash Equivalent 1.82%
two-tiered structure for benchmarking of certain categories
of schemes. Accordingly, the benchmark has been classified
TREPS* 1.99%
as Tier 1 benchmark. Furthermore , the same is effective Net Current Assets: -0.17%
from 01 December 2021. Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec; @ Awaited Listing

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • To create wealth over long term
Ri isk
to te H
a Ri i • Invests in equity and equity related securities, primarily in themes that play an important role in India’s economic
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development
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Low

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

The risk of the scheme is 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.

18
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.

Fund Details Issuer Industry/Rating % to Net Assets Issuer Industry/Rating % to Net Assets
EQUITY 98.51% Taj GVK Hotels & Resorts
Date of Allotment 08-Jan-10 Leisure Services 0.32%
ICICI Bank Limited Banks 4.27% Limited
Benchmark Nifty 500 TRI6 Multi Commodity Exchange of Agricultural Food & other
Capital Markets 3.56% CCL Products (India) Limited 0.31%
India Limited Products
NAV (as on 31.01.25) HDFC Bank Limited Banks 3.56%
Bayer Cropscience Limited
Fertilizers & Agrochem-
0.30%
Tech Mahindra Limited IT - Software 2.98% icals
Growth ₹ 101.3216 Wipro Limited IT - Software 2.63%
JK Lakshmi Cement Limited
Cement & Cement
0.29%
Infosys Limited IT - Software 2.49% Products
Direct Growth ₹ 112.6088 Reliance Industries Limited Petroleum Products 2.48% Chemicals & Petro-
Karur Vysya Bank Limited Banks 2.44% Epigral Limited 0.29%
AUM (as on 31.01.25) ₹ 12,848.97 Cr. chemicals
Fertilizers & Agrochem- Hyundai Motor India Limited Automobiles 0.23%
Paradeep Phosphates Limited 2.36%
AAUM (for the month icals Somany Ceramics Limited Consumer Durables 0.14%
₹ 13009.25 Cr.
of Jan) Federal Bank Limited Banks 2.34%
NOCIL Limited
Chemicals & Petro-
0.14%
KEC International Limited Construction 2.28% chemicals
Fund Manager & Experience Bharti Airtel Limited Telecom - Services 2.24% Cash Equivalent 1.49%
Venugopal Manghat (Equity) Zensar Technologies Limited IT - Software 2.22% TREPS* 1.57%
State Bank of India Banks 2.22% Net Current Assets: -0.08%
Total Experience 28 Years Mahindra & Mahindra Limited Automobiles 2.06% Total Net Assets as on 31-January-2025 100.00%
Managing this fund Since Nov 24,2012 GE Vernova T&D India Limited Electrical Equipment 2.05% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Power Finance Corporation
Gautam Bhupal (Equity) Finance 1.93%
Limited
Total Experience 20 Years NTPC Limited Power 1.91%
Sun Pharmaceutical Industries Pharmaceuticals &
Managing this fund Since Oct 01, 2023 Limited Biotechnology
1.80% Industry Allocation
Sonal Gupta (Overseas Investments) Jindal Stainless Limited Ferrous Metals 1.80%
Axis Bank Limited Banks 1.77% Banks 20.51%
Total Experience 20 Years ITC Limited Diversified FMCG 1.68%
IT - Software 12.91%
Managing this fund Since Jul 05, 2021 PNB Housing Finance Limited Finance 1.68%
Construction 7.10%
Larsen & Toubro Limited Construction 1.66%
Minimum Investment1 Oberoi Realty Limited Realty 1.56% Finance 5.59%
4.25%
Lumpsum ₹ 5,000 Brigade Enterprises Limited Realty 1.44% Realty
Coromandel International Fertilizers & Agrochem- Industrial Products 4.16%
SIP## Please refer page 79 1.37%
Limited icals Fertilizers & Agrochemicals 4.03%
Indian Bank Banks 1.36%
Additional Purchase ₹ 1,000 Automobiles 3.75%
Cigarettes & Tobacco Capital Markets 3.56%
Godfrey Phillips India Limited 1.34%
Entry load: “NA” Products
Petroleum Products 3.01%
Power Mech Projects Limited Construction 1.28%
Exit load: If the units redeemed or switched out are Cement & Cement Ferrous Metals 2.73%
upto 10% of the units purchased or switched in (‘’the The Ramco Cements Limited 1.27% Cement & Cement Products 2.39%
Products
limit’’) within 1 year from the date of allotment - Nil Sobha Limited Realty 1.25% Leisure Services 2.30%
If units redeemed or switched out are over and above Paper Forest & Jute Telecom - Services 2.24%
the limit within 1 year from the date of allotment - 1% JK Paper Limited 1.24%
Products Paper Forest & Jute Products 2.22%
If units are redeemed or switched out on or after 1 Ratnamani Metals & Tubes 2.05%
Industrial Products 1.18% Electrical Equipment
year from the date of allotment - Nil Limited Power 1.91%
Quantitative Data 2 Finolex Cables Limited Industrial Products 1.18% 1.80%
Pharmaceuticals & Biotechnology
Punjab National Bank Limited Banks 1.15%
1.78%
Standard Deviation 14.33% Jindal Saw Limited Industrial Products 1.11% Textiles & Apparels
Diversified FMCG 1.68%
Agricultural Food & other
Beta (Slope) 0.95 Balrampur Chini Mills Limited 1.07% Reverse Repos/TREPS 1.57%
Products
Sharpe Ratio 3
0.89 Jubilant Foodworks Limited Leisure Services 1.04% Beverages 1.53%
KPR Mill Limited Textiles & Apparels 1.03% Agricultural Food & other Products 1.38%
R2 0.88% Paper Forest & Jute Cigarettes & Tobacco Products 1.34%
Aditya Birla Real Estate Limited 0.98%
Month End Total Expenses Ratios Products Agricultural Commercial &
Construction Vehicles 0.97%
(Annualized)4 Escorts Kubota Limited
Agricultural Commercial &
0.97% Non - Ferrous Metals 0.82%
Construction Vehicles
Regular5 1.73% Can Fin Homes Limited Finance 0.96%
Chemicals & Petrochemicals 0.80%
Auto Components 0.60%
Sonata Software Limited IT - Software 0.96%
Direct 0.79% Aerospace & Defense 0.50%
The Indian Hotels Company
Leisure Services 0.94% 0.46%
Limited Personal Products
Portfolio Turnover 0.24 PNC Infratech Limited Construction 0.94% Consumer Durables 0.14%
KNR Constructions Limited Construction 0.94%
(1
1 year)
in multiples of Re 1 thereafter.
Net Current Assets - 0.10%
Jindal Steel & Power Limited Ferrous Metals 0.93%
2
Quantitative Data disclosed are as per monthly returns Persistent Systems Limited IT - Software 0.92%
(Annualized) for the last 3 years. Bajaj Auto Limited Automobiles 0.87%
Kotak Mahindra Bank Limited Banks 0.84%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, Portfolio Classification By Market Segment Class (%)
2025) Cement & Cement
Birla Corporation Limited 0.83%
4
TER Annualized TER including GST on Investment Products
Management Fees Varun Beverages Limited Beverages 0.83% 1.49%
5
Continuing plans Hindalco Industries Limited Non - Ferrous Metals 0.82% 16.90%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Vardhman Textiles Limited Textiles & Apparels 0.75%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated HCL Technologies Limited IT - Software 0.71%
June 27, 2024, on ‘Guiding Principles for bringing uniformity Globus Spirits Ltd Beverages 0.70%
in Benchmarks of Mutual Fund Schemes’ has introduced Kirloskar Oil Eng Limited Industrial Products 0.69%
two-tiered structure for benchmarking of certain categories Bosch Limited Auto Components 0.60%
of schemes. Accordingly, the benchmark has been classified Maruti Suzuki India Limited Automobiles 0.59% 43.31%
as Tier 1 benchmark. Furthermore , the same is effective
from 01 December 2021. Canara Bank Banks 0.56%
Mahindra & Mahindra Financial 38.30%
Finance 0.53%
Services Limited
Hindustan Petroleum Corpora-
Petroleum Products 0.53%
tion Limited
Hindustan Aeronautics Limited Aerospace & Defense 0.50%
Shriram Finance Limited Finance 0.49% Large Cap Small Cap Mid Cap
Emami Limited Personal Products 0.46%
Chemicals & Petro-
Supreme Petrochem Limited 0.37% Debt
chemicals

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • Long term capital appreciation
Ri isk
to te H
a Ri i • Investment predominantly in equity and equity-related securities in Indian markets and foreign securities, with higher
er k
Mo Low

gh

s
d

sk

focus on undervalued securities

Ri

Ver isk
Low

y High
R

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

The risk of the scheme is 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.

19
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
EQUITY 96.75% Transformers And Rectifiers
Date of Allotment 20-Aug-14 Trent Limited Retailing 5.74% (India) Limited
Electrical Equipment 0.29%

Benchmark Nifty 500 TRI6 Multi Commodity Exchange of Cash Equivalent 3.25%
Capital Markets 5.64% TREPS* 3.32%
India Limited
NAV (as on 31.01.25) ICICI Bank Limited Banks 5.55% Net Current Assets: -0.07%
Reliance Industries Limited Petroleum Products 4.82% Total Net Assets as on 31-January-2025 100.00%
Growth ₹ 39.2392
HDFC Bank Limited Banks 3.43% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Direct Growth ₹ 42.9632
Bharat Electronics Limited Aerospace & Defense 3.05%
AUM (as on 31.01.25) ₹ 958.69 Cr.
Industry Allocation
AAUM (for the month Larsen & Toubro Limited Construction 3.04%
₹ 982.09 Cr.
of Jan) Financial Technology
PB Fintech Limited 2.69% Construction 12.14%
Fund Manager & Experience (Fintech)
Power Finance Corporation Banks 11.30%
Finance 2.66%
Gautam Bhupal (Equity) Limited Capital Markets 9.56%
Ahluwalia Contracts (India)
Total Experience 20 Years Construction 2.46% Consumer Durables 6.20%
Limited
Managing this fund Since Jun 01 2023 Cement & Cement Retailing 5.74%
UltraTech Cement Limited 2.35%
Venugopal Manghat (Equity) Products Industrial Products 5.58%
Blue Star Limited Consumer Durables 2.27% Finance 5.57%
Total Experience 28 Years Power Mech Projects Limited Construction 2.04% Electrical Equipment 4.93%
Managing this fund Since Aug 20 2014 ABB India Limited Electrical Equipment 2.00%
Petroleum Products 4.82%
Sonal Gupta (Overseas Investments) Paper Forest & Jute
Aditya Birla Real Estate Limited 1.96% Aerospace & Defense 4.52%
Products
Total Experience 20 Years BSE Limited Capital Markets 1.95% Reverse Repos/TREPS 3.32%
Managing this fund Since Jul 05 2021 Kirloskar Pneumatic Co Limited Industrial Products 1.90% Textiles & Apparels 3.18%
State Bank of India Banks 1.84%
Minimum Investment1 Cement & Cement Products 3.04%
Mangalore Chemicals & Fertilizers & Agrochem-
1.78%
Lumpsum ₹ 5,000 Fertilizers Limited icals Financial Technology (Fintech) 2.69%
Gokaldas Exports Limited Textiles & Apparels 1.74% Chemicals & Petrochemicals 2.65%
SIP## Please refer page 79 Time Technoplast Limited Industrial Products 1.72%
Industrial Manufacturing 2.35%
Additional Purchase ₹ 1,000 Aegis Logistics Limited Gas 1.60%
Paper Forest & Jute Products 1.96%
Amber Enterprises India
Entry load: “NA” Consumer Durables 1.59% 1.91%
Limited Auto Components
Exit load: • If the units redeemed or switched out Indian Energy Exchange Fertilizers & Agrochemicals 1.78%
Capital Markets 1.57%
are upto 10% of the units purchased or switched in Limited 1.60%
Gas
(“the limit”) within 1 year from the date of allotment Chemicals & Petro-
Epigral Limited 1.47% Automobiles 1.28%
- Nil chemicals
Hindustan Aeronautics Limited Aerospace & Defense 1.47% Realty 1.22%
• If units redeemed or switched out are over and
above the limit within 1 year from the date of allot- PNB Housing Finance Limited Finance 1.42% Leisure Services 1.01%
ment - 1% KEC International Limited Construction 1.40%
Non - Ferrous Metals 0.90%
• If units are redeemed or switched out on or after 1 TVS Motor Company Limited Automobiles 1.28%
Suzlon Energy Limited Electrical Equipment 1.24% Ferrous Metals 0.82%
year from the date of allotment - Nil
Brigade Enterprises Limited Realty 1.22% Net Current Assets - 0.11%
Quantitative Data 2
Gujarat Fluorochemicals Chemicals & Petro-
1.18%
Standard Deviation 15.53% Limited chemicals
Indian Hume Pipe Company
Beta (Slope) 0.98 Industrial Manufacturing 1.12%
Limited
Sharpe Ratio 3 0.81 GE Vernova T&D India Limited Electrical Equipment 1.10% Portfolio Classification By Market Segment Class (%)
R2 0.80% Bansal Wire Industries Ltd. Industrial Products 1.08%
Month End Total Expenses Ratios Titan Company Limited Consumer Durables 1.06%
(Annualized)4 EIH Limited Leisure Services 1.01% 3.25%
Indo Count Industries Limited Textiles & Apparels 0.97% 11.25%
Regular5 2.28% Hindalco Industries Limited Non - Ferrous Metals 0.90%
Direct 1.16% Sterling and Wilson Renewable
Construction 0.88%
Energy Limited
Portfolio Turnover NCC Limited Construction 0.88%
0.21
(1 year) Jindal Stainless Limited Ferrous Metals 0.82%
HG Infra Engineering Limited Construction 0.79% 44.34%
1
in multiples of Re 1 thereafter.
Rec Limited Finance 0.78%
2
Quantitative Data disclosed are as per monthly returns 41.16%
Kajaria Ceramics Limited Consumer Durables 0.73%
(Annualized) for the last 3 years. Pitti Engineering Ltd. Industrial Manufacturing 0.71%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025) Cholamandalam Investment &
4
TER Annualized TER including GST on Investment Management Finance 0.71%
Finance Company Limited
Fees
Cement & Cement
5
Continuing plans Birla Corporation Limited 0.69%
Products
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds Sundram Fasteners Limited Auto Components 0.67% Small Cap Large Cap Mid Cap
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27,
PNC Infratech Limited Construction 0.65%
2024, on ‘Guiding Principles for bringing uniformity in Benchmarks
of Mutual Fund Schemes’ has introduced two-tiered structure for Amara Raja Energy & Mobility Debt
Auto Components 0.65%
benchmarking of certain categories of schemes. Accordingly, the Limited
benchmark has been classified as Tier 1 benchmark. Furthermore, Motherson Sumi Wiring India
the same is effective from 01 December 2021. Auto Components 0.59%
Limited
PG Electroplast Limited Consumer Durables 0.55%
Timken India Limited Industrial Products 0.53%
Jyoti CNC Automation Limited Industrial Manufacturing 0.52%
Bank of Baroda Banks 0.48%
Ganesha Ecosphere Limited Textiles & Apparels 0.47%
IIFL Capital Services Limited Capital Markets 0.40%
Hi-Tech Pipes Limited Industrial Products 0.35%
Bharat Bijlee Limited Electrical Equipment 0.30%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • Long term capital appreciation.
Ri isk
to te H
a Ri i • Investment predominantly in equity and equity-related securities, including equity derivatives in Indian markets with focus
er k
Mo Low

gh

s
d

sk

on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business
Ri

cycles in the economy

Ver isk
Low

y High
R
Risk

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

20
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
EQUITY 96.13% Healthcare Equipment
Date of Allotment 31-Aug-23 Laxmi Dental Limited 0.86%
Bharti Airtel Limited Telecom - Services 5.88% & Supplies
Nifty India Redtape Limited Consumer Durables 0.82%
Benchmark Consumption Index Varun Beverages Limited Beverages 4.64%
PVR INOX Limited Entertainment 0.79%
TRI4 Multi Commodity Ex-
Capital Markets 4.18% Vishal Mega Mart Limited Retailing 0.73%
change of India Limited
NAV (as on 31.01.25)
Financial Technology Credo Brands Marketing
PB Fintech Limited 3.92% Retailing 0.72%
Growth ₹ 13.5983 (Fintech) Limited
Direct Growth ₹ 13.8683 Titan Company Limited Consumer Durables 3.69% Kajaria Ceramics Limited Consumer Durables 0.68%
AUM (as on 31.01.25) ₹ 1,480.05 Cr. Zomato Limited Retailing 3.25% PG Electroplast Limited Consumer Durables 0.56%
Hindustan Unilever Limited Diversified FMCG 3.18% Asian Paints Limited Consumer Durables 0.53%
AAUM (for the month
₹ 1531.44 Cr. Dixon Technologies (India) Gopal Snacks Limited Food Products 0.42%
of Jan) Consumer Durables 3.16%
Limited Cash Equivalent 3.87%
Fund Manager & Experience
Radico Khaitan Limited Beverages 2.85% TREPS* 4.16%
Gautam Bhupal (Equity)
Amber Enterprises India Net Current Assets: -0.29%
Total Experience 20 Years Consumer Durables 2.75%
Limited
Managing this fund Since Aug 31, 2023 Total Net Assets as on 31-January-2025 100.00%
Global Health Limited Healthcare Services 2.70%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Anish Goenka (Equity) Kalyan Jewellers India
Consumer Durables 2.59%
Total Experience 12 Years Limited
Managing this fund Since Oct 01, 2023 Rainbow Children''s
Healthcare Services 2.52% Industry Allocation
Sonal Gupta (Overseas Investments) Medicare Limited
Total Experience 20 Years Lemon Tree Hotels Limited Leisure Services 2.42% Consumer Durables 20.25%
Managing this fund Since Aug 31, 2023 Trent Limited Retailing 2.31% Retailing 14.63%

Minimum Investment1 Bikaji Foods International Beverages 9.19%

Food Products 2.28%
Limited Leisure Services 5.93%
Lumpsum ₹ 5,000
Godrej Consumer Prod- Telecom - Services 5.88%
SIP## Please refer page 79 Personal Products 2.22%
ucts Limited Automobiles 5.29%
Additional Purchase ₹ 1,000 Maruti Suzuki India Limited Automobiles 2.18% Healthcare Services 5.22%

Entry load: “NA” TVS Motor Company Realty 4.38%

Automobiles 2.03%
Exit load: If units redeemed or switched out Limited Diversified FMCG 4.20%

are upto 10% of the units purchased or switched Havells India Limited Consumer Durables 1.94% Capital Markets 4.18%
in within 1 year from the date of allotment – Nil Swiggy Limited Retailing 1.82% Reverse Repos/TREPS 4.16%
If units redeemed or switched out are over and above
Financial Technology (Fintech) 3.92%
the limit within 1 year from the date of allotment – 1% Avenue Supermarts
Retailing 1.77%
If units are redeemed or switched out on or after 1 Limited Personal Products 3.15%

year from the date of allotment – Nil Globus Spirits Ltd Beverages 1.70% Food Products 2.70%

Month End Total Expenses Ratios Phoenix Mills Limited Realty 1.70%
Textiles & Apparels 1.63%

(Annualized)2 Page Industries Limited Textiles & Apparels 1.63%

Finance 1.38%

Paper Forest & Jute Products 1.33%

Regular3 2.11% DLF Limited Realty 1.45%
Agricultural Food & other Products 1.22%
Direct 0.74% Cholamandalam Financial
Finance 1.38% Healthcare Equipment & Supplies 0.86%
Portfolio Turnover Holdings Limited
Entertainment 0.79%
(1 year) 0.06 Aditya Birla Real Estate Paper Forest & Jute -0.27%
1.33% Net Current Assets
Limited Products
1
in multiples of Re 1 thereafter. Safari Industries India
Consumer Durables 1.33%
TER Annualized TER including GST on Investment
2 Limited
Management Fees Devyani International
Leisure Services 1.28% Portfolio Classification By Market Segment Class (%)
3
Continuing plans Limited
4
As per clause 1.9 of the SEBI Master Circular for Mutual Sobha Limited Realty 1.23%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 CCL Products (India) Agricultural Food &
dated June 27, 2024, on ‘Guiding Principles for bringing
1.22% 3.87% 0.86%
Limited other Products
uniformity in Benchmarks of Mutual Fund Schemes’ Voltas Limited Consumer Durables 1.21%
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the
Sai Silks Kalamandir
Retailing 1.17% 17.04% 40.26%
benchmark has been classified as Tier 1 benchmark.
Limited
Furthermore , the same is effective from 01 December TBO Tek Limited Leisure Services 1.12%
2021. Jubilant Foodworks Limited Leisure Services 1.11%
Bajaj Auto Limited Automobiles 1.08% 37.97%
Electronics Mart India
Retailing 1.06%
Limited
Hindustan Foods Limited Diversified FMCG 1.02%
Small Cap Large Cap Mid Cap
Metro Brands Limited Consumer Durables 0.99%
Gillette India Limited Personal Products 0.93% Debt Others
Entero Healthcare Solu-
Retailing 0.92%
tions Limited
Vedant Fashions Limited Retailing 0.88%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • To create wealth over long-term.
to te H
a Ri i • Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from
er k
Mo Low

gh

s
d

sk

consumption and consumption related activities

Ri

Ver isk
Low

y High
R

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

The risk of the scheme is 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.

21
HSBC India Export Opportunities Fund
Thematic Fund - An open ended equity scheme following export theme
Investment Objective: The investment objective of the scheme 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 benefit from export of goods or services. 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
EQUITY 96.85% Chemicals & Petro-
Date of Allotment 25-Sep-24 Epigral Limited 0.96%
Sun Pharmaceutical Pharmaceuticals & chemicals
3.80%
Benchmark Nifty 500 TRI4 Industries Limited Biotechnology Sterling and Wilson Re-
Construction 0.93%
Larsen & Toubro Limited Construction 3.71% newable Energy Limited
NAV (as on 31.01.25) Reliance Industries Limited Petroleum Products 3.53% Gujarat Fluorochemicals Chemicals & Petro-
0.82%
Growth ₹ 9.3826 Bharti Airtel Limited Telecom - Services 3.28% Limited chemicals
TVS Motor Company Siemens Limited Electrical Equipment 0.82%
Direct Growth ₹ 9.4298 Automobiles 3.12%
Limited TBO Tek Limited Leisure Services 0.57%
AUM (as on 31.01.25) ₹ 1,747.25 Cr. Marico Limited
Agricultural Food &
2.87%
IIFL Capital Services
Capital Markets 0.56%
other Products Limited
AAUM (for the month
₹ 1791.89 Cr. KPIT Technologies Limited IT - Software 2.83% Cash Equivalent 3.15%
of Jan)
Wipro Limited IT - Software 2.79% TREPS* 3.15%
Fund Manager & Experience LTIMindtree Limited IT - Software 2.69% Net Current Assets: 0.00%
Abhishek Gupta (Equity) Varun Beverages Limited Beverages 2.61% Total Net Assets as on 31-January-2025 100.00%
Tech Mahindra Limited IT - Software 2.55% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 19 Years Zensar Technologies
Managing this fund Since Sep 30, 2024 IT - Software 2.55%
Limited Industry Allocation
Mr. Siddharth Vora (Equity) HDFC Bank Limited Banks 2.50%
Firstsource Solutions Commercial Services IT - Software
Total Experience 12 Years Limited & Supplies
2.42% 15.18%
Managing this fund Since Oct 01, 2024 Bajaj Auto Limited Automobiles 2.36% Pharmaceuticals & Biotechnology 11.30%
Sonal Gupta (Overseas Investments) GE Vernova T&D India Automobiles 7.06%
Electrical Equipment 2.31%
Total Experience 20 Years Limited Textiles & Apparels 5.84%
Hindalco Industries Limited Non - Ferrous Metals 2.21% Electrical Equipment 5.10%
Managing this fund Since Sep 30, 2024
Pearl Global Industries Construction 4.64%
Minimum Investment1 Textiles & Apparels 2.15%
Limited
Chemicals & Petrochemicals 4.35%
Lumpsum ₹ 5,000 Pharmaceuticals &
Lupin Limited 2.12% Commercial Services & Supplies 4.25%
Biotechnology
SIP ##
Please refer page 79 Pharmaceuticals & Agricultural Food & other Products 4.09%
Wockhardt Limited 2.10%
Additional Purchase ₹ 1,000 Biotechnology Non - Ferrous Metals 4.08%
Avalon Technologies Petroleum Products 3.53%
Entry load: “NA” Electrical Equipment 1.97%
Limited
Telecom - Services 3.28%
Exit load: If the units redeemed or switched out are Jyoti CNC Automation Industrial Manufac-
upto 10% of the units purchased or switched in 1.91% Reverse Repos/TREPS 3.15%
Limited turing
(“the limit”) within 1 year from the date of allotment Pharmaceuticals & Industrial Products 3.06%
– Nil. If units redeemed or switched out are over and Divi''s Laboratories Limited 1.89%
Biotechnology Beverages 2.61%
above the limit within 1 year from the date of allotment
National Aluminium Banks 2.50%
– 1%. If units are redeemed or switched out on or after Non - Ferrous Metals 1.87%
1 year from the date of allotment – Nil. Company Limited Consumer Durables 2.41%
Commercial Services
Month End Total Expenses Ratios eClerx Services Limited 1.83% Industrial Manufacturing 1.91%
& Supplies
(Annualized)2 Sonata Software Limited IT - Software 1.77% Leisure Services 1.88%
Regular3 2.07% Jindal Saw Limited Industrial Products 1.73% Other Consumer Services 1.52%
Hyundai Motor India Auto Components 1.52%
Direct 0.65% Automobiles 1.58%
Limited Healthcare Services 1.42%
Portfolio Turnover Niit Learning Systems Other Consumer
0.01 1.52% Fertilizers & Agrochemicals 1.36%
(1 year) Limited Services
Samvardhana Motherson Retailing 1.30%
1
in multiples of Re 1 thereafter. Auto Components 1.52% Aerospace & Defense 1.06%
International Limited
TER Annualized TER including GST on Investment
2
KPR Mill Limited Textiles & Apparels 1.50% Healthcare Equipment & Supplies 1.04%
Management Fees Syngene International
Healthcare Services 1.42% Capital Markets 0.56%
3
Continuing plans Limited Net Current Assets - 0.05%
4
As per clause 1.9 of the SEBI Master Circular for Mutual JB Chemicals and Phar- Pharmaceuticals &
1.39%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 maceuticals Limited Biotechnology
dated June 27, 2024, on ‘Guiding Principles for bringing Dixon Technologies (India)
Consumer Durables 1.37%
uniformity in Benchmarks of Mutual Fund Schemes’ Limited
has introduced two-tiered structure for benchmarking Fertilizers & Agro- Portfolio Classification By Market Segment Class (%)
PI Industries Litmited 1.36%
of certain categories of schemes. Accordingly, the chemicals
benchmark has been classified as Tier 1 benchmark. Chemicals & Petro- 3.15% 1.04%
Vinati Organics Limited 1.35%
Furthermore , the same is effective from 01 December chemicals
19.32%
2021. Carborundum Universal
Industrial Products 1.33%
Limited
Jubilant Foodworks Limited Leisure Services 1.31%
Swiggy Limited Retailing 1.30% 43.32%
CCL Products (India) Agricultural Food &
1.22%
Limited other Products 33.17%
Chemicals & Petro-
Aarti Industries Limited 1.22%
chemicals
Indo Count Industries
Textiles & Apparels 1.15%
Limited
Hindustan Aeronautics Large Cap Small Cap Mid Cap
Aerospace & Defense 1.06%
Limited
Stylam Industries Limited Consumer Durables 1.04% Debt Others
Healthcare Equipment
Laxmi Dental Limited 1.04%
& Supplies
Page Industries Limited Textiles & Apparels 1.04%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • To create wealth over long term
Ri isk
to te H
a Ri i • Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from
er k
Mo Low

gh

s
d

sk

export of goods or services

Ri

Ver isk
Low

y High
R

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

The risk of the scheme is 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.

22
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
EQUITY 99.94% Bharat Petroleum Corporation
Date of Allotment 15-Apr-20 Petroleum Products 0.48%
Limited
HDFC Bank Limited Banks 12.23%
Benchmark Nifty 50 TRI4 ITC HOTELS LIMITED Leisure Services 0.14%
ICICI Bank Limited Banks 8.37%
NAV (as on 31.01.25) Cash Equivalent 0.06%
Reliance Industries Limited Petroleum Products 8.13%
TREPS* 0.11%
Growth ₹ 26.9524 Infosys Limited IT - Software 6.41%
Net Current Assets: -0.05%
Direct Growth ₹ 27.3883 Bharti Airtel Limited Telecom - Services 4.13%
Total Net Assets as on 31-January-2025 100.00%
AUM (as on 31.01.25) ₹ 292.73 Cr. Tata Consultancy Services
IT - Software 3.98% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Limited
AAUM (for the month
₹ 287.91 Cr. Larsen & Toubro Limited Construction 3.98%
of Jan)
ITC Limited Diversified FMCG 3.94% Industry Allocation
Fund Manager & Experience
State Bank of India Banks 2.82%
Praveen Ayathan (Equity) Banks 29.34%
Axis Bank Limited Banks 2.66%
IT - Software 13.97%
Total Experience 32 Years Kotak Mahindra Bank Limited Banks 2.64%
Petroleum Products 8.61%
Managing this fund Since Apr 15, 2020
Mahindra & Mahindra Limited Automobiles 2.51% Automobiles 7.60%
Rajeesh Nair (Equity) Bajaj Finance Limited Finance 2.09% 6.02%
Diversified FMCG
Total Experience 13 Years Hindustan Unilever Limited Diversified FMCG 2.08% Telecom - Services 4.13%
Managing this fund Since Oct 01, 2023 Sun Pharmaceutical Industries Pharmaceuticals & Construction 3.98%
1.78%
Minimum Investment1 Limited Biotechnology Finance 3.71%

Lumpsum ₹ 5,000 HCL Technologies Limited IT - Software 1.73% Pharmaceuticals & Biotechnology 3.25%
Maruti Suzuki India Limited Automobiles 1.53% Power 2.74%
SIP## Please refer page 79
NTPC Limited Power 1.45% Consumer Durables 2.36%
Additional Purchase ₹ 1,000 Cement & Cement Products 2.12%
Tata Motors Limited Automobiles 1.42%
Entry load: “NA” Ferrous Metals 1.92%
Titan Company Limited Consumer Durables 1.37%
Food Products 1.35%
Exit load: • If the units redeemed or switched Power Grid Corporation of
out are upto 10% of the units purchased or Power 1.29% Insurance 1.28%
India Limited
switched in (“the limit”) within 1 Month from Retailing 1.21%
Cement & Cement
the date of allotment - Nil UltraTech Cement Limited
Products
1.24% Aerospace & Defense 0.99%
• If units redeemed or switched out are over Oil 0.96%
Trent Limited Retailing 1.21%
and above the limit within 1 Month from the Consumable Fuels 0.85%
date of allotment - 1% Tata Steel Limited Ferrous Metals 1.06%
Non - Ferrous Metals 0.82%
• If units are redeemed or switched out on or Tech Mahindra Limited IT - Software 1.01%
Transport Infrastructure 0.77%
after 1 Month from the date of allotment - Nil Bharat Electronics Limited Aerospace & Defense 0.99% Healthcare Services 0.65%
Month End Total Expenses Ratios Asian Paints Limited Consumer Durables 0.99% Agricultural Food & other Products 0.63%
(Annualized)2 Oil & Natural Gas Corporation Metals & Minerals Trading 0.54%
Oil 0.96%
Regular5 0.45% Limited Leisure Services 0.14%
Bajaj Auto Limited Automobiles 0.93% Reverse Repos/TREPS 0.11%
Direct 0.20%
Bajaj Finserv Limited Finance 0.90% Net Current Assets -0.07%
Portfolio Turnover
0.07 Cement & Cement
(1 year) Grasim Industries Limited 0.88%
Products
Tracking Difference JSW Steel Limited Ferrous Metals 0.86%
Regular -0.84% Coal India Limited Consumable Fuels 0.85% Portfolio Classification By Market Segment Class (%)
Direct -0.43% Wipro Limited IT - Software 0.84%
Tracking Error Hindalco Industries Limited Non - Ferrous Metals 0.82%
1.27% 0.06%
Regular 0.07% Nestle India Limited Food Products 0.78%
Pharmaceuticals &
Direct 0.06% Cipla Limited 0.77%
Biotechnology
1
in multiples of Re 1 thereafter. Adani Ports and Special
Transport Infrastructure 0.77%
2
TER Annualized TER including GST on Investment Economic Zone Limited
Management Fees Shriram Finance Limited Finance 0.72% 98.67%
3
Continuing plans
Dr Reddy''s Laboratories Pharmaceuticals &
4
As per clause 1.9 of the SEBI Master Circular for Mutual 0.70%
Limited Biotechnology
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
dated June 27, 2024, on ‘Guiding Principles for bringing Eicher Motors Limited Automobiles 0.68%
uniformity in Benchmarks of Mutual Fund Schemes’ Apollo Hospitals Enterprise
Healthcare Services 0.65%
has introduced two-tiered structure for benchmarking Limited
of certain categories of schemes. Accordingly, the HDFC Life Insurance Company Large Cap Mid Cap Debt
benchmark has been classified as Tier 1 benchmark. Insurance 0.65%
Limited
Furthermore , the same is effective from 01 December
2021. Tata Consumer Products Agricultural Food & other
0.63%
Limited Products
SBI Life Insurance Company
Insurance 0.63%
Limited
IndusInd Bank Limited Banks 0.62%
Britannia Industries Limited Food Products 0.57%
Adani Enterprises Limited Metals & Minerals Trading 0.54%
Hero MotoCorp Limited Automobiles 0.53%

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

derate t
Mo sk High R ely
to te
Ri isk
H • Long term capital appreciation
a Ri i
er k • Investment in equity securities covered by the NIFTY 50
Mo Low

gh

s
d

sk
Ri

Ver isk

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

y High
R
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
The risk of the scheme is 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.

23
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 100.03% Union Bank of India Banks 0.98%
Date of Allotment 15-Apr-20
Zomato Limited Retailing 6.74% Life Insurance Corporation of
Insurance 0.83%
Benchmark Nifty Next 50 TRI 4
India Limited
InterGlobe Aviation Limited Transport Services 3.75% Adani Total Gas Limited Gas 0.79%
NAV (as on 31.01.25) Jio Financial Services Limited Finance 3.50% Cash Equivalent -0.03%
Growth ₹ 26.9707 Vedanta Limited Diversified Metals 3.30% TREPS* 0.19%
Hindustan Aeronautics Limited Aerospace & Defense 3.30% Net Current Assets: -0.22%
Direct Growth ₹ 27.5597
Total Net Assets as on 31-January-2025 100.00%
Varun Beverages Limited Beverages 3.17%
AUM (as on 31.01.25) ₹ 124.26 Cr.
Pharmaceuticals & *TREPS : Tri-Party Repo fully collateralized by G-Sec
AAUM (for the month Divi''s Laboratories Limited 3.13%
₹ 126.05 Cr. Biotechnology
of Jan) Industry Allocation
Tata Power Company Limited Power 2.72%
Fund Manager & Experience
Power Finance Corporation
Finance 2.71% 14.46%
Praveen Ayathan (Equity) Limited Finance

Total Experience 32 Years Info Edge (India) Limited Retailing 2.67% Retailing 11.80%
Managing this fund Since Apr 15, 2020 TVS Motor Company Limited Automobiles 2.55% Power 9.36%
Rajeesh Nair (Equity) Rec Limited Finance 2.48% Banks 5.67%

Total Experience 13 Years LTIMindtree Limited IT - Software 2.41% Pharmaceuticals & Biotechnology 5.56%
Managing this fund Since Oct 01, 2023 Avenue Supermarts Limited Retailing 2.39% Beverages 5.02%
Minimum Investment1 Cholamandalam Investment &
Finance 2.37% Electrical Equipment 4.91%
Finance Company Limited
Lumpsum ₹ 5,000 Insurance 3.85%
Siemens Limited Electrical Equipment 2.37%
SIP## Please refer page 79 Transport Services 3.75%
Bajaj Holdings & Investments
Finance 2.21% Realty 3.59%
Additional Purchase ₹ 1,000 Limited
Indian Oil Corporation Limited Petroleum Products 2.13% Diversified Metals 3.30%
Entry load: “NA”
GAIL India Limited Gas 2.11% Aerospace & Defense 3.30%
Exit load: • If the units redeemed or switched out
are upto 10% of the units purchased or switched in DLF Limited Realty 2.11% Personal Products 3.24%
(“the limit”) within 1 Month from the date of allotment ICICI Lombard General Insur- Cement & Cement Products 3.17%
- Nil Insurance 1.96%
ance Company Limited 2.94%
• If units redeemed or switched out are over and Auto Components
above the limit within 1 Month from the date of allot- Chemicals & Petro-
Pidilite Industries Limited 1.95% Gas 2.90%
ment - 1% chemicals
• If units are redeemed or switched out on or after 1 Automobiles 2.55%
Godrej Consumer Products
Month from the date of allotment - Nil Personal Products 1.86%
Limited IT - Software 2.41%
Month End Total Expenses Ratios United Spirits Limited Beverages 1.85% Petroleum Products 2.13%
(Annualized)2 Samvardhana Motherson Chemicals & Petrochemicals 1.95%
Auto Components 1.84%
Regular5 0.80% International Limited
Consumer Durables 1.75%
Adani Power Limited Power 1.78%
Direct 0.35% Ferrous Metals 1.33%
Bank of Baroda Banks 1.76%
Portfolio Turnover Leisure Services 1.09%
0.59 Havells India Limited Consumer Durables 1.75%
(1 year) Reverse Repos/TREPS 0.19%
Cement & Cement
Tracking Difference Shree Cement Limited
Products
1.65% Net Current Assets - 0.21%
Regular -1.34% Punjab National Bank Limited Banks 1.54%
Direct -0.79% Cement & Cement Portfolio Classification By Market Segment Class (%)
Ambuja Cements Limited 1.52%
Products
Tracking Error
Macrotech Developers Limited Realty 1.48%
Regular 0.15%
Canara Bank Banks 1.39% 11.49% - 0.03%
Direct 0.14%
Dabur India Limited Personal Products 1.38%
1
in multiples of Re 1 thereafter. ABB India Limited Electrical Equipment 1.36%
2
TER Annualized TER including GST on Investment Torrent Pharmaceuticals Pharmaceuticals &
Management Fees 1.36%
Limited Biotechnology
3
Continuing plans Adani Green Energy Limited Power 1.35%
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Jindal Steel & Power Limited Ferrous Metals 1.33%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
dated June 27, 2024, on ‘Guiding Principles for bringing JSW Energy Limited Power 1.20%
uniformity in Benchmarks of Mutual Fund Schemes’ Adani Energy Solutions Limited Power 1.19% 88.54%
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the Indian Railway Finance
Finance 1.19%
benchmark has been classified as Tier 1 benchmark. Corporation Limited
Furthermore , the same is effective from 01 December Bharat Heavy Electricals Large Cap Mid Cap Debt
Electrical Equipment 1.18%
2021. Limited
NHPC Limited Power 1.12%
Bosch Limited Auto Components 1.10%
Indian Railway Catering &
Leisure Services 1.09%
Tourism Corporation Ltd
Pharmaceuticals &
Zydus Lifesciences Limited 1.07%
Biotechnology
ICICI Prudential Life Insurance
Insurance 1.06%
Company Limited

derate
Modera
t
This product is suitable for investors who are seeking*:
Mo sk High R ely
Ri isk
to te H • Long term capital appreciation
a Ri i
er k
Mo Low

gh

s • Investment in equity securities covered by the NIFTY NEXT 50

d

sk
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is 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.

24
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 99.33% Polycab India Limited Industrial Products 0.56%
Benchmark Nifty 500 TRI6 HDFC Bank Limited Banks 4.96% Sterling and Wilson Renewable
Construction 0.55%
Infosys Limited IT - Software 3.66% Energy Limited
NAV (as on 31.01.25) ICICI Bank Limited Banks 3.64% Craftsman Automation Limited Auto Components 0.47%
Reliance Industries Limited Petroleum Products 3.03% Cello World Limited Consumer Durables 0.42%
Growth ₹ 125.1445 Larsen & Toubro Limited Construction 2.70% DOMS Industries Limited Household Products 0.42%
Persistent Systems Limited IT - Software 2.43% Pharmaceuticals & Biotech-
Direct Growth ₹ 135.8964 Concord Biotech Limited 0.37%
State Bank of India Banks 1.91% nology
Bharti Airtel Limited Telecom - Services 1.91% Jio Financial Services Limited Finance 0.27%
AUM (as on 31.01.25) ₹ 3,977.42 Cr. Vishal Mega Mart Limited Retailing 0.27%
Trent Limited Retailing 1.86%
AAUM (for the month Shriram Finance Limited Finance 1.77% Pitti Engineering Ltd. Industrial Manufacturing 0.07%
₹ 4100.39 Cr. Zomato Limited Retailing 1.75% Cash Equivalent 0.67%
of Jan)
KPIT Technologies Limited IT - Software 1.66% TREPS* 0.75%
Fund Manager & Experience Max Healthcare Institute Limited Healthcare Services 1.64% Net Current Assets: -0.08%
Transformers And Rectifiers Total Net Assets as on 31-January-2025 100.00%
Abhishek Gupta (Equity) (India) Limited
Electrical Equipment 1.55%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 19 Years Power Finance Corporation
Finance 1.54%
Limited
Managing this fund Since Mar, 01 2024 CG Power and Industrial Solutions
Electrical Equipment 1.52%
Gautam Bhupal (Equity) Limited
Amber Enterprises India Limited Consumer Durables 1.46% Industry Allocation
Total Experience 20 Years BSE Limited Capital Markets 1.41%
Managing this fund Since Nov 26, 2022 Sun Pharmaceutical Industries Pharmaceuticals & Biotech-
1.39%
Banks 14.61%
Limited nology IT - Software 10.64%
Sonal Gupta (Overseas Investments) Pearl Global Industries Limited Textiles & Apparels 1.38% Electrical Equipment 9.25%
Total Experience 20 Years The Indian Hotels Company
Leisure Services 1.35% Finance 6.36%
Limited
Managing this fund Since Jul 21, 2021 Bharat Electronics Limited Aerospace & Defense 1.33%
Consumer Durables 5.45%
Retailing 4.50%
Minimum Investment1 Lemon Tree Hotels Limited Leisure Services 1.30%
Karur Vysya Bank Limited Banks 1.29% Construction 4.16%
Lumpsum ₹ 500 Jindal Steel & Power Limited Ferrous Metals 1.29% Auto Components 3.65%
Safari Industries India Limited Consumer Durables 1.28% Pharmaceuticals & Biotechnology 3.44%
SIP## Please refer page 79 NTPC Limited Power 1.25% Automobiles 3.32%
Additional Purchase ₹ 500 Axis Bank Limited Banks 1.23% Petroleum Products 3.03%
Triveni Turbine Limited Electrical Equipment 1.23% Leisure Services 2.65%
Entry load: “NA” Agricultural Food & other
Balrampur Chini Mills Limited 1.21% Capital Markets 2.49%
Products
Exit load: Nil Cholamandalam Investment &
Industrial Products 2.48%
Finance 1.20% Healthcare Services 2.39%
Quantitative Data2 Finance Company Limited
Mahindra & Mahindra Limited Automobiles 1.20% Aerospace & Defense 2.28%
Standard Deviation 14.55% Kaynes Technology India Ltd Industrial Manufacturing 1.20% Power 2.24%
Jindal Saw Limited Industrial Products 1.19% Telecom - Services 1.91%
Beta (Slope) 0.95 Oil & Natural Gas Corporation
Oil 1.16% Ferrous Metals 1.89%
Sharpe Ratio 3 0.66 Limited Chemicals & Petrochemicals 1.54%
UltraTech Cement Limited Cement & Cement Products 1.14%
Realty 1.51%
R2 0.87% Tech Mahindra Limited IT - Software 1.13%
Textiles & Apparels 1.38%
TVS Motor Company Limited Automobiles 1.13%
Month End Total Expenses Ratios Nippon Life India Asset Manage- Industrial Manufacturing 1.27%
(Annualized)4 ment Limited
Capital Markets 1.08% Agricultural Food & other Products 1.21%
Avalon Technologies Limited Electrical Equipment 1.05% Oil 1.16%
Regular5 1.91%
Bikaji Foods International Limited Food Products 1.04% Cement & Cement Products 1.14%
Direct 1.12% Zensar Technologies Limited IT - Software 1.03% Food Products 1.04%
Varroc Engineering Limited Auto Components 1.01% Gas 0.97%
Portfolio Turnover
0.30 JSW Energy Limited Power 0.99% Personal Products 0.95%
(1 year) Bajaj Auto Limited Automobiles 0.99%
Reverse Repos/TREPS 0.75%
Vinati Organics Limited Chemicals & Petrochemicals 0.98%
1
in multiples of Re 1 thereafter. Pharmaceuticals & Biotech-
Household Products 0.42%
Lupin Limited 0.97% Net Current Assets -0.12%
2
Quantitative Data disclosed are as per monthly nology
returns PNB Housing Finance Limited Finance 0.97%
(Annualized) for the last 3 years. Gujarat State Petronet Limited Gas 0.97%
Dabur India Limited Personal Products 0.95%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Hindustan Aeronautics Limited Aerospace & Defense 0.95% Portfolio Classification By Market Segment Class (%)
Jan 31, 2025) GE Vernova T&D India Limited Electrical Equipment 0.94%
4
TER Annualized TER including GST on Investment Blue Star Limited Consumer Durables 0.92% 0.67%
Management Fees Schaeffler India Limited Auto Components 0.91% 23.40%
5
Continuing plans Engineers India Limited Construction 0.91%
Indian Bank Banks 0.91%
6
As per clause 1.9 of the SEBI Master Circular for Mutual Bharat Heavy Electricals Limited Electrical Equipment 0.90%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 Godrej Properties Limited Realty 0.85%
dated June 27, 2024, on ‘Guiding Principles for bringing Siemens Limited Electrical Equipment 0.76%
49.91%

uniformity in Benchmarks of Mutual Fund Schemes’ has Syngene International Limited Healthcare Services 0.75%
introduced two-tiered structure for benchmarking of certain KEI Industries Limited Industrial Products 0.73% 26.02%
categories of schemes. Accordingly, the benchmark has LTIMindtree Limited IT - Software 0.73%
been classified as Tier 1 benchmark. Furthermore , the Pharmaceuticals & Biotech-
Mankind Pharma Limited 0.71%
same is effective from 01 December 2021. nology
Large Cap Small Cap Mid Cap
Exide Industries Limited Auto Components 0.70%
Thangamayil Jewellery Limited Consumer Durables 0.69% Debt
Century Plyboards (India) Limited Consumer Durables 0.68%
ABB India Limited Electrical Equipment 0.68%
The Karnataka Bank Limited Banks 0.67%
Sobha Limited Realty 0.66%
Suzlon Energy Limited Electrical Equipment 0.62%
Swiggy Limited Retailing 0.62%
IIFL Finance Limited Finance 0.61%
Jindal Stainless Limited Ferrous Metals 0.60%
Epigral Limited Chemicals & Petrochemicals 0.56%
UNO Minda Limited Auto Components 0.56%

derate
Mo sk
Modera
t This product is suitable for investors who are seeking*:
High R ely
Ri isk
to te
a
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Ri i
• Long term capital growth
er k
Mo Low

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d

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

y High
R
Risk

The risk of the scheme is 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.

25
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.

Issuer Industry/Rating % to Net Assets

Fund Details Issuer Industry/Rating % to Net Assets
Sterling and Wilson Re-
EQUITY 97.70% Construction 0.58%
Date of Allotment 05-Jan-07 newable Energy Limited
ICICI Bank Limited Banks 6.61%
Benchmark Nifty 500 TRI 6 Bharti Airtel Limited Partly
Infosys Limited IT - Software 6.53% Telecom Services 0.56%
Paid
HDFC Bank Limited Banks 4.98%
NAV (as on 31.01.25) Vijaya Diagnostic Centre
Dixon Technologies (India) Healthcare Services 0.55%
Consumer Durables 4.50% Limited
Growth ₹ 87.7949 Limited
Asian Paints Limited Consumer Durables 0.54%
Direct Growth ₹ 98.2017 Multi Commodity Ex-
Capital Markets 4.49% Global Health Limited Healthcare Services 0.53%
change of India Limited
AUM (as on 31.01.25) ₹ 236.36 Cr. Ganesha Ecosphere
Amber Enterprises India Textiles & Apparels 0.50%
Consumer Durables 4.13% Limited
AAUM (for the month Limited
Healthcare Equipment
₹ 248.24 Cr. Reliance Industries Limited Petroleum Products 4.02% Laxmi Dental Limited 0.48%
of Jan) & Supplies
Bharti Airtel Limited Telecom - Services 3.60%
Fund Manager & Experience Cash Equivalent 2.30%
Financial Technology
Gautam Bhupal PB Fintech Limited 3.42% TREPS* 2.77%
(Fintech)
Net Current Assets: -0.47%
Total Experience 20 Years State Bank of India Banks 2.81%
Total Net Assets as on 31-January-2025 100.00%
Managing this fund Since July 23, 2019 KEI Industries Limited Industrial Products 2.79%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
TVS Motor Company
Sonal Gupta (Overseas Investments) Automobiles 2.40%
Limited
Total Experience 20 Years Prudent Corporate Adviso- Industry Allocation
Managing this fund Since Dec, 2023 Capital Markets 2.31%
ry Services Limited
Minimum Investment1 Rainbow Children''s Banks 16.58%
Healthcare Services 2.29% 13.45%
Medicare Limited Consumer Durables
Lumpsum ₹ 500 9.02%
Titan Company Limited Consumer Durables 2.26% Capital Markets
SIP## Please refer page 79 Sun Pharmaceutical Pharmaceuticals & IT - Software 8.87%
2.25% Pharmaceuticals & Biotechnology 5.77%
Additional Purchase ₹ 500 Industries Limited Biotechnology
BSE Limited Capital Markets 2.22% Construction 4.34%
Entry load: “NA” Axis Bank Limited Banks 2.18% Petroleum Products 4.02%
Industrial Products 3.68%
Exit load: Nil Larsen & Toubro Limited Construction 1.91%
Telecom - Services 3.60%
Pharmaceuticals &
Quantitative Data2 Wockhardt Limited 1.84% Financial Technology (Fintech) 3.42%
Biotechnology
Standard Deviation 14.07% Healthcare Services 3.37%
Pharmaceuticals &
Lupin Limited 1.68% Realty 2.83%
Beta (Slope) 0.91 Biotechnology 2.77%
Reverse Repos/TREPS
Rategain Travel Technolo-
Sharpe Ratio3 0.62 IT - Software 1.64% Textiles & Apparels 2.54%
gies Limited Automobiles 2.40%
R2 0.84% Phoenix Mills Limited Realty 1.53% 2.25%
Chemicals & Petrochemicals
Month End Total Expenses Ratios Healthcare Equipment Healthcare Equipment & Supplies 1.84%
Poly Medicure Limited 1.36%
(Annualized)4 & Supplies Fertilizers & Agrochemicals 1.22%
Chemicals & Petro- Beverages 1.21%
Regular5 2.46% Epigral Limited 1.35%
chemicals Entertainment 1.04%
Direct 1.59% DLF Limited Realty 1.30% Personal Products 0.95%
Portfolio Turnover Kalyan Jewellers India Finance 0.95%
0.18 Consumer Durables 1.26%
(1 year) Limited Auto Components 0.91%
Mangalore Chemicals & Fertilizers & Agro- Retailing 0.87%
1.22%
1
in multiples of Re 1 thereafter. Fertilizers Limited chemicals Agricultural Food & other Products 0.79%
Radico Khaitan Limited Beverages 1.21% Aerospace & Defense 0.62%
2
Quantitative Data disclosed are as per
KEC International Limited Construction 1.15% Electrical Equipment 0.60%
monthly returns
PVR INOX Limited Entertainment 1.04% Telecom Services 0.56%
(Annualized) for the last 3 years. Net Current Assets -0.44%
Gokaldas Exports Limited Textiles & Apparels 1.04%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) Indo Count Industries
as on Jan 31, 2025) Textiles & Apparels 1.00%
Limited
Portfolio Classification By Market Segment Class (%)
4
TER Annualized TER including GST on Rec Limited Finance 0.95%
Investment Management Fees Godrej Consumer Prod-
Personal Products 0.95% 2.30% 0.48%
5
Continuing plans ucts Limited
Motherson Sumi Wiring 19.60%
Auto Components 0.91%
As a result of the acquisition, HSBC AMC will have two India Limited
equity linked savings scheme (“elss”) in the form of Gujarat Fluorochemicals Chemicals & Petro-
HSBC Tax Saver Equity Fund (an open ended elss with 0.90%
Limited chemicals
a statutory lock in period of 3 years and tax benefit),
Kirloskar Pneumatic Co
and L&T Tax Advantage Fund (to be renamed as HSBC Industrial Products 0.89% 44.47%
ELSS Fund). As per elss guidelines, a mutual fund can Limited
have only one open-ended elss scheme. In view of the Entero Healthcare Solu-
Retailing 0.87%
said restriction, we propose to stop the subscription into tions Limited 33.15%
HSBC Tax Saver Equity Fund from close of business CCL Products (India) Agricultural Food &
hours on November 25, 2022. Hence, no sip, stp-in, 0.79%
Limited other Products
or switch into the fund will be permitted from close of Kajaria Ceramics Limited Consumer Durables 0.76%
business hours on November 25, 2022. For the sake of
KPIT Technologies Limited IT - Software 0.70% Large Cap Small Cap Mid Cap
clarity, we wish to inform you that the unitholders will be
allowed to hold their existing investments in this fund, PNC Infratech Limited Construction 0.70%
except that no further investments / subscription would Bharat Electronics Limited Aerospace & Defense 0.62% Debt Others
be accepted in this fund. However, unitholders will be GE Vernova T&D India
permitted to redeem / switch out their units post the
Electrical Equipment 0.60%
Limited
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/2024/90 dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk
to te H • To create wealth over long term
a Ri i
er k
Mo Low

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s • Investment in equity and equity related securities with no capitalisation bias

d

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Ri

Ver isk
Low

y High

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

The risk of the scheme is 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.

26
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
Issuer Industry/ Rating Issuer Industry/ Rating
Fund Details Net Assets Net Assets
EQUITY 75.35% 7.34% GOI 22APR2064 SOVEREIGN 0.50%
Zomato Limited Retailing 4.28% 7.30% GOI 19JUN53 SOVEREIGN 0.49%
Date of Allotment 07-Feb-11 Bharat Electronics Limited Aerospace & Defense 3.34% 7.18% GOI 24-Jul-2037 SOVEREIGN 0.49%
Trent Limited Retailing 3.28% 7.37% GOI 23OCT2028 SOVEREIGN 0.30%
Benchmark: NIFTY 50 Hybrid Composite ICICI Bank Limited
GE Vernova T&D India Limited
Banks
Electrical Equipment
3.26%
3.18%
7.26% GS 2029 SOVEREIGN 0.19%
7.17% GOI 08JAN28 SOVEREIGN 0.14%
Debt 65:35 Index6 Zensar Technologies Limited IT - Software 2.86% Cash Equivalent 2.42%
CG Power and Industrial Solutions Limited Electrical Equipment 2.74% TREPS* 2.49%
NAV (as on 31.01.25) BSE Limited Capital Markets 2.60% Net Current Assets: -0.07%
Persistent Systems Limited IT - Software 2.58% Total Net Assets as on 31-January-2025 100.00%
Growth ₹ 51.5078 HDFC Bank Limited Banks 2.33%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Infosys Limited IT - Software 2.19%
Direct Growth ₹ 58.2443 Karur Vysya Bank Limited Banks 2.16%
Dixon Technologies (India) Limited Consumer Durables 1.74%
AUM (as on 31.01.25) ₹ 5,282.44 Cr. Transformers And Rectifiers (India)
Electrical Equipment 1.70% Quantitative Data
Limited
AAUM (for the month JSW Energy Limited Power 1.65% YTM$ 7.32%
₹ 5452.38 Cr. Godrej Properties Limited Realty 1.65%
of Jan) Siemens Limited Electrical Equipment 1.57% Average Maturity 5.68 Years
Safari Industries India Limited Consumer Durables 1.48%
Fund Manager & Experience KEI Industries Limited
Coforge Limited
Industrial Products
IT - Software
1.43%
1.27% Modified Duration 3.69 Years
NTPC Green Energy Limited Power 1.27%
Cheenu Gupta (Equity) Cholamandalam Investment & Finance Macaulay Duration^ 3.86 Years
Finance 1.24%
Total Experience 18 Years Company Limited
Prestige Estates Projects Limited Realty 1.16%
Managing this fund Since July 02, 2021 Triveni Turbine Limited Electrical Equipment 1.09%
Maruti Suzuki India Limited Automobiles 1.07%
Gautam Bhupal (Equity) Data Patterns India Limited Aerospace & Defense 1.07% Industry Allocation
PTC Industries Limited Industrial Products 1.06%
Total Experience 18 Years ABB India Limited Electrical Equipment 1.02%
DLF Limited Realty 1.00% Electrical Equipment 13.27%
Managing this fund Since Oct 01, 2023 360 One Wam Limited Capital Markets 0.95%
Prudent Corporate Advisory Services Debt Instrument 12.90%
Shriram Ramanathan (Fixed Income) Limited
Capital Markets 0.91%
IT - Software 10.05%
Mahindra & Mahindra Limited Automobiles 0.86% Government Securities 9.33%
Total Experience 24 Years The Indian Hotels Company Limited Leisure Services 0.84%
Managing this fund Since May 30, 2016 Pharmaceuticals & Retailing 8.19%
Lupin Limited 0.81%
Biotechnology Banks 7.95%
Mohd. Asif Rizwi (Fixed Income) Polycab India Limited Industrial Products 0.80%
Capital Markets 5.51%
Max Healthcare Institute Limited Healthcare Services 0.78%
Total Experience 15.5 Years Bajaj Auto Limited Automobiles 0.77% Aerospace & Defense 4.41%
Multi Commodity Exchange of India
Managing this fund Since May 1, 2024 Limited
Capital Markets 0.75% Industrial Products 3.86%
TD Power Systems Limited Electrical Equipment 0.65% Realty 3.81%
Sonal Gupta (Overseas Investments) Swiggy Limited Retailing 0.63% Consumer Durables 3.61%
Sonata Software Limited IT - Software 0.58%
Total Experience 20 Years Suzlon Energy Limited Electrical Equipment 0.56% Power 3.48%
Managing this fund Since Jul 05, 2021 Larsen & Toubro Limited Construction 0.56% 2.78%
Shivalik Bimetal Controls Limited Industrial Products 0.56% Automobiles
Apar Industries Limited Electrical Equipment 0.55% Reverse Repos/TREPS 2.49%
Minimum Investment1 Mazagon Dock Shipbuilders Limited Industrial Manufacturing 0.54%
Finance 1.85%
Bharti Airtel Limited Telecom - Services 0.53%
Lumpsum ₹ 5,000 Varun Beverages Limited Beverages 0.46% Industrial Manufacturing 0.90%
Rec Limited Finance 0.46% 0.86%
Pharmaceuticals & Biotechnology
SIP## Please refer page 79 NTPC Limited
PG Electroplast Limited
Power
Consumer Durables
0.42%
0.39% Leisure Services 0.84%
Financial Technology
Additional Purchase ₹ 1,000 PB Fintech Limited
(Fintech)
0.37% Beverages 0.78%
Titagarh Rail Systems Limited Industrial Manufacturing 0.36% Healthcare Services 0.78%
Entry load: “NA” Rategain Travel Technologies Limited IT - Software 0.35% Construction 0.74%
Radico Khaitan Limited Beverages 0.32%
Exit load: Any redemption / switch-out of units with- Nippon Life India Asset Management
Capital Markets 0.30%
Telecom - Services 0.53%
in 1 year from the date of allotment shall be subject to Limited Financial Technology (Fintech) 0.37%
Bharat Heavy Electricals Limited Electrical Equipment 0.21%
exit load as under: The Karnataka Bank Limited Banks 0.20% Cement & Cement Products 0.20%
a. For 10% of the units redeemed / switched-out: Nil UltraTech Cement Limited
Cement & Cement
0.20% Auto Components 0.20%
b. For remaining units redeemed or switched-out: Products Food Products 0.20%
Bikaji Foods International Limited Food Products 0.20%
1.00% Techno Electric & Engineering Company Petroleum Products 0.14%
Construction 0.14%
No Exit Load will be charged, if Units are redeemed Limited Transport Services 0.04%
/ switchedout after 1 year from the date of allotment. Torrent Power Limited Power 0.14%
Power Finance Corporation Limited Finance 0.14% Net Current Assets -0.09%
ZF Commercial Vehicle Control Systems
Quantitative Data2 India Ltd
Auto Components 0.11%

Standard Deviation 11.68% Exide Industries Limited Auto Components 0.09%

LTIMindtree Limited IT - Software 0.09% Portfolio Classification By Market Segment Class (%)
Beta (Slope) 1.08 Reliance Industries Limited Petroleum Products 0.09%
Tata Motors Limited Automobiles 0.08% 17.05%
Sharpe Ratio3 0.43 Tech Mahindra Limited IT - Software 0.08%
KPIT Technologies Limited IT - Software 0.05%
R2 0.67% Hindustan Petroleum Corporation Limited Petroleum Products 0.05%
VRL Logistics Limited Transport Services 0.04% 36.44%
Month End Total Expenses Ratios Kalpataru Projects International Limited Construction 0.04%
(Annualized)4 Sun Pharmaceutical Industries Limited
Pharmaceuticals &
0.03%
Biotechnology
Regular5 1.87% SAI Life Sciences Limited
Pharmaceuticals &
0.02%
Biotechnology
Direct 0.83% Timken India Limited Industrial Products 0.01%
Portfolio Turnover Sundaram Finance Limited Finance 0.01%
21.86%
0.65 Corporate Bonds / Debentures 10.41%
(1 year) National Bank for Agriculture & Rural
ICRA AAA / CRISIL AAA 1.98% 24.65%
Development
1
in multiples of Re 1 thereafter. LIC Housing Finance Limited CRISIL AAA 1.48%
2
Quantitative Data disclosed are as per monthly returns Power Finance Corporation Limited CRISIL AAA 1.08% Large Cap Debt Mid Cap
Rec Limited CRISIL AAA / ICRA AAA 1.49%
(Annualized) for the last 3 years. Small Industries Development Bank
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025) CRISIL AAA / CARE AAA 1.96% Small Cap
of India
4
TER Annualized TER including GST on Investment Management Jamnagar Utilities and Power Pvt Limited
Fees CRISIL AAA 0.95%
(Mukesh Ambani Group)
5
Continuing plans Bajaj Finance Limited CRISIL AAA 0.50% Rating Profile
6
As per clause 1.9 of the SEBI Master Circular for Mutual Funds Kotak Mahindra Prime Limited CRISIL AAA 0.49%
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, Indian Oil Corporation Limited CRISIL AAA 0.48%
Money Market Instruments
2024, on ‘Guiding Principles for bringing uniformity in Benchmarks Certificate of Deposit 1.33% AAA / A1+ and
12.90%
of Mutual Fund Schemes’ has introduced two-tiered structure for Axis Bank Limited CRISIL A1+ 0.89% Equivalents
benchmarking of certain categories of schemes. Accordingly, the Export Import Bank of India CRISIL A1+ 0.44%
benchmark has been changed to NIFTY 50 Hybrid Composite Securitised Debt Amort 1.16% SOVEREIGN 9.33%
Debt 65:35 Index which has been classified as Tier 1 benchmark. India Universal Trust AL1 PTC (PTC of
IND AAA(SO) 1.16%
Furthermore , the same is effective from 01 December 2021. pools from HDFC Bank Limited)
Government Securities 9.33% Reverse Repos/TREPS 2.49%
$
YTM is annualized; ^The Macaulay duration is the weighted 7.18% GOI 14AUG2033 GSEC SOVEREIGN 2.01%
average term to maturity of the cash flows from a bond. The weight 6.79% GOI 07OCT2034 GSEC SOVEREIGN 1.46%
of each cash flow is determined by dividing the present value of 7.38% GOI 20JUN2027 SOVEREIGN 1.46% Net Current Assets - 0.07%
7.32% GOI 13NOV2030 SOVEREIGN 1.29%
the cash flow by the price. 7.26% GOI 06FEB33 SOVEREIGN 0.50%
7.26% GOI 22AUG2032 SOVEREIGN 0.50%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely • Long term wealth creation and income
Ri isk
to te H
a Ri i • Invests in equity and equity related securities and fixed Income instruments
er k
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is 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.

27
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 67.27% TREPS* 4.01%

Date of Allotment 28-Feb-24 Net Current Assets: -0.13%
Zomato Limited Retailing 5.09%
Benchmark: BSE 200 TRI (65%) + NIFTY BSE Limited Capital Markets 4.44% Total Net Assets as on 31-January-2025 100.00%
Short Duration Debt Index (20%) +Domestic Trent Limited Retailing 3.89% *TREPS : Tri-Party Repo fully collateralized by G-Sec
Price of Gold (10%)+Domestic Price of Silver GE Vernova T&D India Limited Electrical Equipment 3.71%
(5%)4 Transformers And Rectifiers (India) Limited Electrical Equipment 3.36% Quantitative Data
CG Power and Industrial Solutions Limited Electrical Equipment 2.98%
NAV (as on 31.01.25) Financial Technology
YTM$ 7.42%
PB Fintech Limited 2.97%
(Fintech) Average Maturity 6.16 Years
Growth ₹ 11.0408 Persistent Systems Limited IT - Software 2.36%
ICICI Bank Limited Banks 2.08% Modified Duration 4.13 Years
Direct Growth ₹ 11.1827
Jyoti CNC Automation Limited Industrial Manufacturing 1.99% Macaulay Duration^ 4.32 Years
AUM (as on 31.01.25) ₹ 2,069.49 Cr. Triveni Turbine Limited Electrical Equipment 1.98%
AAUM (for the month Blue Star Limited Consumer Durables 1.93%
₹ 2139.89 Cr. Infosys Limited IT - Software 1.77%
of Jan)
Dixon Technologies (India) Limited Consumer Durables 1.74% Industry Allocation
Fund Manager & Experience Bharat Electronics Limited Aerospace & Defense 1.67%
Cheenu Gupta (Equity) LTIMindtree Limited IT - Software 1.53% Electrical Equipment 12.32%
The Indian Hotels Company Limited Leisure Services 1.50%
Gold ETF 11.50%
Total Experience 18 Years Sobha Limited Realty 1.50%
Managing this fund Since Feb 28, 2024 Safari Industries India Limited Consumer Durables 1.48% Retailing 9.03%
Nippon Life India Asset Management Debt Instrument 8.49%
Mahesh Chhabria (Fixed Income) Capital Markets 1.38%
Limited 8.06%
Capital Markets
Total Experience 14.5 Years Godrej Properties Limited Realty 1.30%
IT - Software 7.49%
Managing this fund Since Feb 28, 2024 Hindustan Aeronautics Limited Aerospace & Defense 1.29%
Kaynes Technology India Ltd Industrial Manufacturing 1.26% Consumer Durables 5.15%
Mohd. Asif Rizwi (Fixed Income) JSW Energy Limited Power 1.15% Government Securities 4.53%
Total Experience 15.5 Years Mazagon Dock Shipbuilders Limited Industrial Manufacturing 1.09%
Industrial Manufacturing 4.34%
Managing this fund Since Feb 1, 2025 Mahindra & Mahindra Limited Automobiles 1.07%
KEI Industries Limited Industrial Products 1.04% Silver ETF 4.33%
Dipan Parikh (Gold / Silver ETFs) Coforge Limited IT - Software 1.01% 4.01%
Reverse Repos/TREPS
Total Experience 27 Years Prudent Corporate Advisory Services
Capital Markets 0.94% Aerospace & Defense 3.44%
Managing this fund Since Feb 28, 2024 Limited
Financial Technology 2.97%
LandT Technology Services Limited IT - Services 0.86% (Fintech)
Sonal Gupta (Overseas Investments) Telecom - Equipment & Realty 2.88%
Optiemus Infracom Limited 0.77%
Total Experience 20 Years Accessories 2.08%
Banks
Pharmaceuticals &
Managing this fund Since Feb 28, 2024 Lupin Limited 0.74% Leisure Services 1.50%
Biotechnology
Minimum Investment1 HDFC Asset Management Company Power 1.28%
Capital Markets 0.72%
Limited
Lumpsum ₹ 5,000 Automobiles 1.07%
Power Mech Projects Limited Construction 0.67%
SIP## Please refer page 79 Zensar Technologies Limited IT - Software 0.66% Industrial Products 1.04%
Multi Commodity Exchange of India Limited Capital Markets 0.58% IT - Services 0.86%
Additional Purchase ₹ 1,000
Amara Raja Energy & Mobility Limited Auto Components 0.55% Telecom - Equipment & 0.77%
Entry load: “NA” Max Healthcare Institute Limited Healthcare Services 0.50% Accessories
Construction 0.75%
Data Patterns India Limited Aerospace & Defense 0.48%
Exit load: If units redeemed or switched Pharmaceuticals & 0.74%
Bharti Airtel Limited Telecom - Services 0.45%
out are upto 10% of the units purchased or Biotechnology
Siemens Limited Electrical Equipment 0.29% Auto Components 0.55%
switched in within 1 year from the date of
Sonata Software Limited IT - Software 0.16%
allotment – Nil NTPC Limited Power 0.13%
Healthcare Services 0.50%
If units redeemed or switched out are over and DLF Limited Realty 0.08% Telecom - Services 0.45%
above the limit within 1 year from the date of Larsen & Toubro Limited Construction 0.08% Net Current Assets - 0.15%
allotment – 1% Swiggy Limited Retailing 0.05%
If units are redeemed or switched out on or Corporate Bonds / Debentures 7.53%
after 1 year from the date of allotment – Nil National Bank for Agriculture & Rural
Development
ICRA AAA 1.30% Portfolio Classification By Market Segment Class (%)
Month End Total Expenses Ratios
Rec Limited ICRA AAA 1.28%
(Annualized)2 4.33%
Bajaj Housing Finance Limited CRISIL AAA 1.27%
Regular5 1.87% Small Industries Development Bank of India CRISIL AAA 1.24%
Power Finance Corporation Limited CRISIL AAA 1.22%
Direct 0.51% 11.50%
28.55%
Bajaj Finance Limited CRISIL AAA 1.22%
Portfolio Turnover Securitised Debt Amort 0.96%
0.47
(1 year) India Universal Trust AL2 PTC (PTC of
IND AAA(SO) 0.96%
pools from HDFC Bank Limited)
1
in multiples of Re 1 thereafter.
Government Securities 4.53%
TER Annualized TER including GST on Investment
2 15.12%
7.18% GOI 24-Jul-2037 SOVEREIGN 1.49%
Management Fees
7.18% GOI 14AUG2033 GSEC SOVEREIGN 1.28%
3
Continuing plans 7.10% GOI 08-Apr-2034 SOVEREIGN 1.26% 23.60%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Funds 7.30% GOI 19JUN53 SOVEREIGN 0.50% 16.90%
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, Exchange Traded Funds 15.83%
2024, on ‘Guiding Principles for bringing uniformity in Benchmarks
ICICI PRUDENTIAL GOLD ETF ETF 3.21%
of Mutual Fund Schemes’ has introduced two-tiered structure for
benchmarking of certain categories of schemes. Accordingly, the HDFC MUTUAL GOLD EXCHANGE Debt
ETF 2.83% Mid Cap Large Cap
benchmark has been classified as Tier 1 benchmark. Furthermore TRADED FUND
, the same is effective from 01 December 2021. NIPPON INDIA ETF GOLD BEES ETF 2.80%
Small Cap Gold ETF Silver ETF
$
YTM is annualized. NIPPON INDIA MF NIPPON INDIA
ETF 2.74%
^The Macaulay duration is the weighted average term to maturity SILVER ETF
of the cash flows from a bond. The weight of each cash flow is STATE BANK OF INDIA GOLD ETF ETF 2.66%
determined by dividing the present value of the cash flow by the ICICIPRUD MF-ICICI PRUDENTIAL
price. ETF 1.59%
SILVER ETF
Cash Equivalent 3.88%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Long term wealth creation
to te H
a Ri i
er k • Investment in equity and equity related securities, fixed income instruments and Gold / Silver ETFs
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is Very High Risk Please note that the above risk-o-meter is as per the product labelling of the scheme available as on 31st December 2024. 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.

28
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 Money Market Instruments
EQUITY 66.51% 18.18% 48.33%
Benchmark: Nifty 50 Hybrid composite debt ICICI Bank Limited Banks 5.76% 1.54% 4.22%
Certificate of Deposit 0.96%
50:50 Index4 Petroleum Axis Bank Limited CRISIL A1+ 0.96%
Reliance Industries Limited 2.98% 0.00% 2.98%
Products Commercial Paper 0.32%
NAV (as on 31.01.25) Pharmaceuticals
Aurobindo Pharma Limited 2.73% 2.73% 0.00% LIC Housing Finance Limited CRISIL A1+ 0.32%
& Biotechnology
Growth ₹ 41.4722 Axis Bank Limited Banks 2.66% 1.33% 1.33% Securitised Debt Amort 1.81%
Direct Growth ₹ 47.7622 Tata Power Company Limited Power 2.64% 2.64% 0.00% India Universal Trust AL2 IND AAA(SO) 1.81%
Polycab India Limited Industrial Products 2.59% 1.61% 0.98% Government Securities 12.53%
AUM (as on 31.01.25) ₹ 1,484.41 Cr. Infosys Limited IT - Software 2.53% 0.00% 2.53% 7.18% GOI 14AUG2033 GSEC SOVEREIGN 3.93%
AAUM (for the month HDFC Bank Limited Banks 2.29% 0.00% 2.29% 7.06% GOI 10APR28 SOVEREIGN 3.34%
₹ 1498.58 Cr. DLF Limited Realty 1.80% 1.80% 0.00%
of Jan) Manappuram Finance Limited Finance 1.79% 1.79% 0.00%
7.37% GOI 23OCT2028 SOVEREIGN 2.81%
7.10% GOI 08-Apr-2034 SOVEREIGN 1.41%
Fund Manager & Experience Multi Commodity Exchange of
Capital Markets 1.74% 0.00% 1.74% 7.38% GOI 20JUN2027 SOVEREIGN 0.69%
India Limited 7.32% GOI 13NOV2030 SOVEREIGN 0.35%
Neelotpal Sahai (Equity) Larsen & Toubro Limited Construction 1.68% 0.00% 1.68% Cash Equivalent 1.78%
Shriram Finance Limited Finance 1.47% 0.00% 1.47%
Total Experience 30 Years TREPS* 1.99%
Sun Pharmaceutical Industries Pharmaceuticals Net Current Assets: -0.21%
Managing this fund Since Nov 26, 2022 Limited & Biotechnology
1.47% 0.00% 1.47%
Total Net Assets as on 31-January-2025 100.00%
Mahesh Chhabria (Fixed Income) Financial
*TREPS : Tri-Party Repo fully collateralized by G-Sec
PB Fintech Limited Technology 1.45% 0.00% 1.45%
Total Experience 14.5 Years (Fintech)
Managing this fund Since Jul 15, 2023 Kotak Mahindra Bank Limited Banks 1.39% 1.39% 0.00%
Dixon Technologies (India) Consumer Quantitative Data
Mohd. Asif Rizwi (Fixed Income) Limited Durables
1.28% 1.28% 0.00%
Fertilizers & YTM$ 7.32%
Total Experience 15.5 Years Paradeep Phosphates Limited
Agrochemicals
1.22% 0.00% 1.22%
Managing this fund Since Feb 1, 2025 Average Maturity 3.35 Years
Consumer
Safari Industries India Limited 1.22% 0.00% 1.22%
Gautam Bhupal (Equity) Durables Modified Duration 2.57 Years
Electrical
GE Vernova T&D India Limited 1.20% 0.00% 1.20% Macaulay Duration^ 2.68 Years
Total Experience 20 Years Equipment
Managing this fund Since Oct 01, 2023 Jubilant Foodworks Limited Leisure Services 1.19% 0.00% 1.19%
Pharmaceuticals
Neuland Laboratories Limited 1.19% 0.00% 1.19%
Praveen Ayathan (Arbitrage) & Biotechnology
PNB Housing Finance Limited Finance 1.18% 0.00% 1.18%
Industry Allocation
Total Experience 32 Years
Zensar Technologies Limited IT - Software 1.11% 0.00% 1.11%
Managing this fund Since Oct 01, 2023 NTPC Limited Power 1.09% 0.00% 1.09% Debt Instrument 19.18%
Hitesh Gondhia (Arbitrage) Time Technoplast Limited Industrial Products 1.08% 0.00% 1.08% Banks 12.98%
Max Healthcare Institute Healthcare
1.07% 0.00% 1.07% Government Securities 12.53%
Total Experience 17 Years Limited Services
Pharmaceuticals & Biotechnology 6.78%
Managing this fund Since Oct 01, 2023 Maruti Suzuki India Limited Automobiles 1.04% 0.00% 1.04%
Oberoi Realty Limited Realty 0.92% 0.00% 0.92% IT - Software 6.20%
Sonal Gupta (Overseas Investments) Varun Beverages Limited Beverages 0.90% 0.00% 0.90% Finance 4.50%
Federal Bank Limited Banks 0.88% 0.00% 0.88% Industrial Products 3.97%
Total Experience 20 Years
HCL Technologies Limited IT - Software 0.87% 0.00% 0.87% Consumer Durables 3.84%
Managing this fund Since Nov 26, 2022 Zomato Limited Retailing 0.74% 0.00% 0.74% Power 3.73%
Minimum Investment1 Aditya Vision Limited Retailing 0.71% 0.00% 0.71% Petroleum Products 2.98%
Pharmaceuticals Realty 2.72%
Lumpsum ₹ 5,000 Suven Pharmaceuticals Limited 0.71% 0.00% 0.71%
& Biotechnology Construction 2.29%
SIP## Please refer page 79 Amara Raja Energy & Mobility
Auto Components 0.70% 0.00% 0.70% Capital Markets 2.17%
Additional Purchase ₹ 1,000 Limited
Sonata Software Limited IT - Software 0.68% 0.00% 0.68% Reverse Repos/TREPS 1.99%
Entry load: “NA” Consumer Leisure Services 1.74%
Kalyan Jewellers India Limited 0.68% 0.00% 0.68% Beverages 1.57%
Durables
Exit load: If the units redeemed or switched out are upto Commercial Electrical Equipment 1.53%
10% of the units purchased or switched in (“the limit”) within Firstsource Solutions Limited Services & 0.68% 0.00% 0.68% Retailing 1.45%
1 year from the date of allotment - Nil Supplies Financial Technology (Fintech) 1.45%
If units redeemed or switched out are over and above the United Spirits Limited Beverages 0.67% 0.67% 0.00% Fertilizers & Agrochemicals 1.22%
limit within 1 year from the date of allotment - 1% PG Electroplast Limited Consumer Durables 0.66% 0.00% 0.66% Healthcare Services 1.07%
If units are redeemed or switched out on or after 1 year from ITC Limited Diversified FMCG 0.64% 0.64% 0.00% Automobiles 1.04%
the date of allotment. - Nil Pharmaceuticals
Abbott India Limited 0.62% 0.00% 0.62% Auto Components 0.70%
& Biotechnology
Month End Total Expenses Ratios Commercial Services & Supplies 0.68%
Chemicals &
Vinati Organics Limited 0.56% 0.00% 0.56% Diversified FMCG 0.64%
(Annualized)2 Petrochemicals
Chemicals & Petrochemicals 0.56%
Lemon Tree Hotels Limited Leisure Services 0.55% 0.00% 0.55%
Regular5 2.12% Tech Mahindra Limited IT - Software 0.51% 0.00% 0.51% Aerospace & Defense 0.45%
Direct 0.78% LTIMindtree Limited IT - Software 0.50% 0.00% 0.50% Personal Products 0.15%
Portfolio Turnover Aerospace & Non - Ferrous Metals 0.10%
Bharat Electronics Limited 0.45% 0.45% 0.00%
3.24 Defense Net Current Assets -0.20%
(1 year) IIFL Capital Services Limited Capital Markets 0.43% 0.00% 0.43%
1
in multiples of Re 1 thereafter.
Electrical
2
TER Annualized TER including GST on Investment Management Bharat Bijlee Limited 0.33% 0.00% 0.33%
Fees Equipment
3
Continuing plans PNC Infratech Limited Construction 0.32% 0.00% 0.32% Portfolio Classification By Market
Kirloskar Oil Eng Limited Industrial Products 0.30% 0.00% 0.30%
4
As per clause 1.9 of the SEBI Master Circular for Mutual Funds
Power Mech Projects Limited Construction 0.29% 0.00% 0.29% Segment Class (%)
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27,
2024, on ‘Guiding Principles for bringing uniformity in Benchmarks Godrej Consumer Products
Personal Products 0.15% 0.15% 0.00%
of Mutual Fund Schemes’ has introduced two-tiered structure for Limited
12.02%
benchmarking of certain categories of schemes. Accordingly, the Non - Ferrous
benchmark has been classified as Tier 1 benchmark. Furthermore Hindalco Industries Limited 0.10% 0.10% 0.00%
Metals
, the same is effective from 01 December 2021. Pharmaceuticals 36.98%
SAI Life Sciences Limited 0.06% 0.00% 0.06%
$
YTM is annualized; ^The Macaulay duration is the weighted & Biotechnology
average term to maturity of the cash flows from a bond. The weight Bajaj Finance Limited Finance 0.06% 0.06% 0.00%
of each cash flow is determined by dividing the present value of Corporate Bonds /
the cash flow by the price. 16.09% 17.51%
Debentures
Bajaj Finance Limited CRISIL AAA 2.83%
Kotak Mahindra Prime Limited CRISIL AAA 2.62%
Modera
derate t National Bank for Agriculture & ICRA AAA /
Mo sk High R ely 3.60%
Ri isk Rural Development CRISIL AAA
to te H
a Ri i LIC Housing Finance Limited CRISIL AAA 1.81%
er k
Mo Low

gh

s National Housing Bank CRISIL AAA 1.78%

d

sk

33.49%
Ri

Power Finance Corporation

CRISIL AAA 1.75%
Ver isk

Limited
Low

y High
R
Risk

Small Industries Development

ICRA AAA 1.70% Large Cap Debt Small Cap Mid Cap
Bank of India

The risk of the scheme is 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.

29
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 % 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 18-Oct-11 Corporate Bonds /
EQUITY 69.67% 37.69% 31.98% 3.29%
NIFTY Equity BSE Limited Capital Markets 4.11% 0.00% 4.11% Debentures
Benchmark Rec Limited CRISIL AAA 1.65%
Savings Index4 IndusInd Bank Limited Banks 3.57% 3.57% 0.00%
National Housing Bank CRISIL AAA 1.64%
State Bank of India Banks 3.33% 3.33% 0.00%
Transformers And Rectifiers Electrical Money Market Instruments
NAV (as on 31.01.25) 3.31% 0.00% 3.31% Certificate of Deposit 2.92%
(India) Limited Equipment
Zomato Limited Retailing 3.24% 0.00% 3.24% HDFC Bank Limited CARE A1+ 2.18%
Growth ₹ 31.6453 Axis Bank Limited CRISIL A1+ 0.74%
Persistent Systems Limited IT - Software 3.10% 0.00% 3.10%
Commercial Paper 2.96%
Direct Growth ₹ 34.9644 City Union Bank Limited Banks 3.05% 3.05% 0.00%
LIC Housing Finance Limited CRISIL A1+ 2.96%
Trent Limited Retailing 2.49% 0.00% 2.49%
Government Securities 16.62%
AUM (as on 31.01.25) ₹ 645.87 Cr. GE Vernova T&D India Limited
Electrical
2.43% 0.00% 2.43% 7.06% GOI 10APR28 SOVEREIGN 3.04%
Equipment
AAUM (for the month Financial Technolo- 7.32% GOI 13NOV2030 SOVEREIGN 2.43%
₹ 662.03 Cr. PB Fintech Limited 2.41% 0.00% 2.41% 7.04% GOI 03JUN29 G-SEC SOVEREIGN 2.38%
of Jan) gy (Fintech)
7.38% GOI 20JUN2027 SOVEREIGN 2.38%
Petroleum
Fund Manager & Experience Reliance Industries Limited 2.24% 2.24% 0.00% 5.22% GOI 15JUN25 G-SEC SOVEREIGN 2.32%
Products
7.18% GOI 14AUG2033 GSEC SOVEREIGN 1.64%
Canara Bank Banks 2.09% 2.09% 0.00%
Cheenu Gupta (Equity) Jio Financial Services Limited Finance 2.02% 2.02% 0.00%
7.10% GOI 08-Apr-2034 SOVEREIGN 1.62%
7.37% GOI 23OCT2028 SOVEREIGN 0.81%
Kotak Mahindra Bank Limited Banks 1.85% 1.85% 0.00%
Total Experience 18 Years Punjab National Bank Limited Banks 1.78% 1.78% 0.00%
Cash Equivalent 4.54%
Managing this fund Since Jul 02, 2021 Coforge Limited IT - Software 1.54% 0.00% 1.54%
TREPS* 5.13%
Net Current Assets: -0.59%
HDFC Bank Limited Banks 1.52% 1.52% 0.00%
Mahesh Chhabria (Fixed Income) Axis Bank Limited Banks 1.50% 1.50% 0.00%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Total Experience 14.5 Years Tata Motors Limited Automobiles 1.38% 1.38% 0.00%
Indian Energy Exchange Limited Capital Markets 1.24% 1.24% 0.00%
Managing this fund Since Jul 15, 2023 The Indian Hotels Company Quantitative Data
Leisure Services 1.23% 0.00% 1.23%
Limited
Mohd. Asif Rizwi (Fixed Income) ICICI Bank Limited Banks 1.19% 1.19% 0.00% YTM$ 7.06%
Total Experience 15.5 Years Nippon Life India Asset
Capital Markets 1.16% 0.00% 1.16%
Managing this fund Since Feb 1, 2025
Management Limited Average Maturity 3.27 Years
LIC Housing Finance Limited Finance 1.09% 1.09% 0.00%
Abhishek Gupta (Equity) Prudent Corporate Advisory Modified Duration 2.64 Years
Capital Markets 1.06% 0.00% 1.06%
Services Limited
Total Experience 19 Years Consumer Macaulay Duration^ 2.75 Years
Havells India Limited 1.02% 1.02% 0.00%
Durables
Managing this fund Since Apr 01, 2024 Consumer
Blue Star Limited 1.01% 0.00% 1.01%
Praveen Ayathan (Arbitrage) Durables
Industry Allocation
Industrial Manu-
Kaynes Technology India Ltd 0.96% 0.00% 0.96%
Total Experience 32 Years facturing
20.47%
Managing this fund Since Oct 01, 2023 Sun Pharmaceutical Industries Pharmaceuticals &
0.92% 0.92% 0.00%
Banks
Limited Biotechnology Government Securities 16.62%
Hitesh Gondhia (Arbitrage) Power Finance Corporation
Finance 0.90% 0.90% 0.00% 9.17%
Debt Instrument
Limited
Total Experience 17 Years Consumer Capital Markets 7.57%
Safari Industries India Limited 0.84% 0.00% 0.84%
Managing this fund Since Oct 01, 2023 Durables Electrical Equipment 6.36%
Bajaj Finance Limited Finance 0.75% 0.75% 0.00%
Sonal Gupta (Overseas Investments) Dixon Technologies (India) Consumer Retailing 6.17%
0.74% 0.05% 0.69% Finance 5.43%
Limited Durables
Total Experience 20 Years Pharmaceuticals &
Torrent Pharmaceuticals Limited 0.73% 0.73% 0.00% IT - Software 5.35%
Managing this fund Since Nov 26, 2022 Biotechnology
Reverse Repos/TREPS 5.13%
Steel Authority of India Limited Ferrous Metals 0.67% 0.67% 0.00%
Minimum Investment1 Tata Steel Limited Ferrous Metals 0.58% 0.58% 0.00% Consumer Durables 3.61%
Infosys Limited IT - Software 0.49% 0.48% 0.01%
Lumpsum ₹ 5,000 CG Power and Industrial Electrical
Financial Technology (Fintech) 2.41%
0.49% 0.00% 0.49% Petroleum Products 2.24%
SIP## Please refer page 79 Solutions Limited Equipment
Manappuram Finance Limited Finance 0.46% 0.46% 0.00% Pharmaceuticals & Biotechnology 1.72%
Additional Purchase ₹ 1,000 Tata Power Company Limited Power 0.46% 0.46% 0.00% Automobiles 1.38%
KEI Industries Limited Industrial Products 0.45% 0.00% 0.45%
Entry load: “NA” Aerospace & Industrial Manufacturing 1.36%
Bharat Electronics Limited 0.45% 0.00% 0.45% 1.25%
Defense Ferrous Metals
Exit load: If the units redeemed or switched out are Aditya Birla Fashion and Retail
upto 10% of the units purchased or switched in (‘’the Retailing 0.44% 0.44% 0.00% Leisure Services 1.23%
Limited
limit”) within 1 Month from the date of allotment - Nil NTPC Limited Power 0.44% 0.44% 0.00% Power 1.03%
If redeemed or switched out units are over and above Container Corporation of India Aerospace & Defense 0.75%
Transport Services 0.42% 0.42% 0.00%
the limit i.e beyond 10% of the allotted units within 1 Limited Industrial Products 0.74%
month exit load applicable - 0.50% Bandhan Bank Limited Banks 0.42% 0.42% 0.00%
Transport Services 0.42%
If units are redeemed or switched out on or after 1 Industrial Manu-
Jyoti CNC Automation Limited 0.40% 0.00% 0.40%
Month from the date of Purchase - Nil facturing Insurance 0.11%
Aerospace & Realty 0.04%
Hindustan Aeronautics Limited 0.30% 0.00% 0.30%
Month End Total Expenses Ratios Defense
Beverages 0.02%
(Annualized)2 Polycab India Limited Industrial Products 0.29% 0.29% 0.00%
Wipro Limited IT - Software 0.22% 0.22% 0.00% Construction 0.01%
Regular5 1.51% Muthoot Finance Limited Finance 0.19% 0.19% 0.00% Net Current Assets - 0.60%
Direct 0.61% Federal Bank Limited Banks 0.17% 0.17% 0.00%
Power Grid Corporation of
Portfolio Turnover Power 0.13% 0.13% 0.00%
5.33 India Limited
Portfolio Classification By Market Segment Class (%)
(1 year) Medi Assist Healthcare Services
Insurance 0.10% 0.00% 0.10%
1
in multiples of Re 1 thereafter. Limited
10.92%
Electrical
TER Annualized TER including GST on Investment
2 ABB India Limited 0.09% 0.00% 0.09%
Equipment
Management Fees Pharmaceuticals &
Abbott India Limited 0.05% 0.05% 0.00%
3
Continuing plans Biotechnology 30.86%
Electrical
4
As per clause 1.9 of the SEBI Master Circular for Mutual Funds Hitachi Energy India Ltd. 0.04% 0.00% 0.04%
Equipment
no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27,
Sobha Limited Realty 0.04% 0.00% 0.04%
2024, on ‘Guiding Principles for bringing uniformity in Benchmarks
Pharmaceuticals &
of Mutual Fund Schemes’ has introduced two-tiered structure for Aurobindo Pharma Limited 0.02% 0.02% 0.00% 27.89%
Biotechnology
benchmarking of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark. Furthermore
Cholamandalam Investment &
Finance 0.02% 0.00% 0.02%
, the same is effective from 01 December 2021. Finance Company Limited
United Spirits Limited Beverages 0.02% 0.02% 0.00% 30.33%
$
YTM is annualized; ^The Macaulay duration is the weighted Larsen & Toubro Limited Construction 0.01% 0.00% 0.01%
average term to maturity of the cash flows from a bond. The weight ICICI Prudential Life Insurance
Insurance 0.01% 0.01% 0.00% Large Cap Debt Mid Cap
of each cash flow is determined by dividing the present value of Company Limited
the cash flow by the price. Small Cap

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segment
to te H
a Ri i and long–term capital appreciation through unhedged exposure to equity and equity related instruments.
er k
Mo Low

gh

s
d

sk

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

Ver isk
Low

y High
R
Risk

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

The risk of the scheme is Moderate 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.

30
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 Asset Issuer Industries
% to Net
Asset
Asset Asset
(Hedge) (Unhedge) (Hedge) (Unhedge)

Date of Allotment 30-Jun-14 EQUITY

Bank of Baroda Banks
76.20%
6.00%
76.20%
6.00%
0.00%
0.00%
Godrej Consumer Products Limited Personal Products
Pharmaceuticals &
0.01% 0.01% 0.00%

Reliance Industries Limited Petroleum Products 5.04% 5.04% 0.00% Divi''s Laboratories Limited 0.01% 0.01% 0.00%
Biotechnology
Benchmark: Nifty 50 Arbitrage Index 4 IndusInd Bank Limited Banks 4.65% 4.65% 0.00%
Glenmark Pharmaceuticals Limited
Pharmaceuticals &
0.01% 0.01% 0.00%
ICICI Bank Limited Banks 3.40% 3.40% 0.00% Biotechnology
NAV (as on 31.01.25) State Bank of India
Punjab National Bank Limited
Banks
Banks
3.24%
3.09%
3.24%
3.09%
0.00%
0.00%
SBI Life Insurance Company Limited Insurance 0.01% 0.01% 0.00%
The Indian Hotels Company Limited Leisure Services 0.01% 0.01% 0.00%
Kotak Mahindra Bank Limited Banks 3.03% 3.03% 0.00%
Growth ₹ 18.4907 Axis Bank Limited Banks 2.72% 2.72% 0.00%
Yes Bank Limited
KPIT Technologies Limited
Banks
IT - Software
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Tata Power Company Limited Power 2.50% 2.50% 0.00% ICICI Lombard General Insurance
Direct Growth ₹ 19.7417 Bandhan Bank Limited Banks 2.18% 2.18% 0.00% Company Limited
Insurance 0.00% 0.00% 0.00%
Tata Motors Limited Automobiles 2.14% 2.14% 0.00% BSE Limited Capital Markets 0.00% 0.00% 0.00%
AUM (as on 31.01.25) ₹ 2,225.37 Cr. Laurus Labs Limited
Pharmaceuticals &
2.10% 2.10% 0.00% Voltas Limited Consumer Durables 0.00% 0.00% 0.00%
Biotechnology LandT Technology Services Limited IT - Services 0.00% 0.00% 0.00%
AAUM (for the month Vedanta Limited Diversified Metals 1.82% 1.82% 0.00% Chemicals &
₹ 2373.87 Cr. Aditya Birla Fashion and Retail Limited Retailing 1.56% 1.56% 0.00% Aarti Industries Limited
Petrochemicals
0.00% 0.00% 0.00%
of Jan) Canara Bank Banks
Cement & Cement
1.52% 1.52% 0.00% Money Market Instruments
Grasim Industries Limited 1.43% 1.43% 0.00% Certificate of Deposit 4.25%
Fund Manager & Experience Jio Financial Services Limited
Products
Finance 1.42% 1.42% 0.00%
ICICI Bank Limited
Axis Bank Limited
CRISIL A1+
CRISIL A1+
2.12%
1.07%
HDFC Bank Limited Banks 1.42% 1.42% 0.00% Small Industries Development Bank
Praveen Ayathan (Arbitrage) Tata Communications Limited Telecom - Services 1.32% 1.32% 0.00% of India
CRISIL A1+ 1.06%
Rec Limited Finance 1.31% 1.31% 0.00% Mutual Fund Units 18.59%
Total Experience 32 Years Crompton Greaves Consumer Electricals
Consumer Durables 1.25% 1.25% 0.00% HSBC Liquid Fund - Direct Growth Mutual Fund 11.16%
Limited HSBC Ultra Short Duration Fund - Direct
Managing this fund Since Jun 30, 2014 Biocon Limited
Pharmaceuticals &
1.11% 1.11% 0.00% Growth
Mutual Fund 3.99%
Biotechnology HSBC Banking and PSU Debt Fund
Mahesh Chhabria (Fixed Income) Cholamandalam Investment & Finance
Finance 1.04% 1.04% 0.00% - Direct Growth
Mutual Fund 3.44%
Company Limited Cash Equivalent 0.96%
Total Experience 14.5 Years City Union Bank Limited Banks
Chemicals &
1.01% 1.01% 0.00% TREPS* 2.48%
Net Current Assets: -1.52%
Managing this fund Since Jul 15, 2023 Navin Fluorine International Limited
Petrochemicals
0.98% 0.98% 0.00%
Total Net Assets as on 31-January-2025 100.00%
NMDC Limited Minerals & Mining 0.88% 0.88% 0.00%
Hitesh Gondhia (Arbitrage) Indian Energy Exchange Limited
Aditya Birla Capital Limited
Capital Markets
Finance
0.79%
0.76%
0.79%
0.76%
0.00%
0.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec
DLF Limited Realty 0.75% 0.75% 0.00%
Total Experience 17 Years NTPC Limited Power 0.74% 0.74% 0.00%
Managing this fund Since Oct 01, 2023 JSW Steel Limited Ferrous Metals 0.73% 0.73% 0.00%
ITC Limited Diversified FMCG
Chemicals &
0.70% 0.70% 0.00%
Industry Allocation
Mohd. Asif Rizwi (Fixed Income) Atul Limited
Petrochemicals
0.69% 0.69% 0.00%
Bajaj Finance Limited Finance 0.64% 0.64% 0.00%
Total Experience 15.5 Years Indus Towers Limited Telecom - Services 0.60% 0.60% 0.00%
32.66%
Bharat Heavy Electricals Limited Electrical Equipment 0.60% 0.60% 0.00% Banks
Managing this fund Since Feb 1, 2025 MRF Limited Auto Components 0.56% 0.56% 0.00%
Exide Industries Limited Auto Components 0.42% 0.42% 0.00% Internal - Mutual Fund Units 18.59%
Minimum Investment 1 TVS Motor Company Limited
Power Finance Corporation Limited
Automobiles
Finance
0.41%
0.39%
0.41%
0.39%
0.00%
0.00% Finance 5.72%
Lumpsum ₹ 5,000 Bajaj Auto Limited
Havells India Limited
Automobiles
Consumer Durables
0.37%
0.37%
0.37%
0.37%
0.00%
0.00% Petroleum Products 5.32%
SIP## Please refer page 79 IDFC First Bank Limited Banks 0.35% 0.35% 0.00%
Pharmaceuticals & Biotechnology 4.39%
Pharmaceuticals &
Additional Purchase ₹ 1,000 Aurobindo Pharma Limited
Biotechnology
0.34% 0.34% 0.00%
Debt Instrument 4.25%
Entry load: “NA” Tata Consultancy Services Limited IT - Software
Cement & Cement
0.34% 0.34% 0.00%
Power 3.36%
The Ramco Cements Limited 0.29% 0.29% 0.00%
Products
Exit load: Any redemption/switch-out of Indian Oil Corporation Limited Petroleum Products 0.28% 0.28% 0.00% Automobiles 3.22%
units on or before 1 month from the date of Coromandel International Limited
Fertilizers &
Agrochemicals
0.28% 0.28% 0.00% Reverse Repos/TREPS 2.48%
allotment: 0.25% Larsen & Toubro Limited Construction 0.26% 0.26% 0.00%
Telecom - Services 2.06%
Mahindra & Mahindra Limited Automobiles 0.26% 0.26% 0.00%
If units are redeemed or switched out after 1 Financial Technology
Chemicals & Petrochemicals 2%
One 97 Communications Limited 0.25% 0.25% 0.00%
Month from the date of allotment: NIL (Fintech)
ICICI Prudential Life Insurance Company Diversified Metals 1.82%
(Effective date: August 01, 2023) Limited
Insurance 0.25% 0.25% 0.00%
Pharmaceuticals & Retailing 1.78%
Month End Total Expenses Ratios Granules India Limited
Biotechnology
0.25% 0.25% 0.00%
Cement & Cement Products 1.75%
Tata Steel Limited Ferrous Metals 0.24% 0.24% 0.00%
(Annualized)2 Pharmaceuticals &
1.71%
Zydus Lifesciences Limited
Biotechnology
0.24% 0.24% 0.00% Consumer Durables
Regular3 0.92% Steel Authority of India Limited Ferrous Metals 0.24% 0.24% 0.00% Ferrous Metals 1.21%
Direct 0.25% Mahanagar Gas Limited
Jubilant Foodworks Limited
Gas
Leisure Services
0.24%
0.23%
0.24%
0.23%
0.00%
0.00% Auto Components 1.05%
Portfolio Turnover ABB India Limited Electrical Equipment 0.23% 0.23% 0.00%
Realty 0.93%
13.75 Hindustan Unilever Limited Diversified FMCG 0.22% 0.22% 0.00%
(1 year) Pidilite Industries Limited
Chemicals &
Petrochemicals
0.21% 0.21% 0.00%
Diversified FMCG 0.92%
Dabur India Limited Personal Products 0.20% 0.20% 0.00%
1
in multiples of Re 1 thereafter. Pharmaceuticals & Capital Markets 0.92%
Lupin Limited 0.17% 0.17% 0.00%
Biotechnology 0.92%
2
TER Annualized TER including GST on Godrej Properties Limited Realty 0.17% 0.17% 0.00% Electrical Equipment
Investment Management Fees
GAIL India Limited
Container Corporation of India Limited
Gas
Transport Services
0.16%
0.16%
0.16%
0.16%
0.00%
0.00%
Minerals & Mining 0.88%
HCL Technologies Limited IT - Software 0.15% 0.15% 0.00% IT - Software 0.75%
3
Continuing plans Info Edge (India) Limited Retailing 0.15% 0.15% 0.00%
Oil India Limited Oil 0.13% 0.13% 0.00% Gas 0.40%
Portfolio Classification By Market Bharti Airtel Limited
Max Healthcare Institute Limited
Telecom - Services
Healthcare Services
0.13%
0.13%
0.13%
0.13%
0.00%
0.00% Insurance 0.38%
Segment Class (%) HDFC Asset Management Company
Limited
Capital Markets 0.13% 0.13% 0.00%
Fertilizers & Agrochemicals 0.31%
Gujarat Narmada Valley Fertilizers & Chemicals &
Chemicals Ltd Petrochemicals
0.12% 0.12% 0.00% Construction 0.26%
HDFC Life Insurance Company Limited Insurance 0.12% 0.12% 0.00% 0.25%
10.09% MphasiS Limited IT - Software 0.09% 0.09% 0.00% Financial Technology (Fintech)
Manappuram Finance Limited
Coforge Limited
Finance
IT - Software
0.09%
0.09%
0.09%
0.09%
0.00%
0.00%
Leisure Services 0.24%
Siemens Limited Electrical Equipment 0.09% 0.09% 0.00% Personal Products 0.21%
16.52% Wipro Limited IT - Software 0.08% 0.08% 0.00%
Torrent Pharmaceuticals Limited
Pharmaceuticals &
0.08% 0.08% 0.00% Healthcare Services 0.21%
Biotechnology
49.59% Pharmaceuticals & Transport Services 0.16%
Cipla Limited 0.08% 0.08% 0.00%
Biotechnology
Astral Limited Industrial Products 0.08% 0.08% 0.00% Oil 0.15%
JSW Energy Limited Power 0.07% 0.07% 0.00%
Titan Company Limited Consumer Durables 0.07% 0.07% 0.00% Industrial Products 0.15%
LIC Housing Finance Limited Finance 0.07% 0.07% 0.00% 0.04%
APL Apollo Tubes Limited Industrial Products 0.05% 0.05% 0.00% Non - Ferrous Metals
23.80% Bosch Limited Auto Components 0.05% 0.05% 0.00% 0.04%
Avenue Supermarts Limited Retailing 0.05% 0.05% 0.00%
Beverages
Syngene International Limited Healthcare Services 0.05% 0.05% 0.00% Food Products 0.03%
Varun Beverages Limited Beverages 0.04% 0.04% 0.00%
Large Cap Debt Mid Cap Small Cap Eicher Motors Limited Automobiles 0.04% 0.04% 0.00% IT - Services 0%
Cement & Cement
UltraTech Cement Limited
Products
0.03% 0.03% 0.00% Net Current Assets -1.48%
Fertilizers &
UPL Limited 0.03% 0.03% 0.00%
Agrochemicals
Modera Hindustan Copper Limited Non - Ferrous Metals 0.03% 0.03% 0.00%
derate t
Mo sk High R ely Nestle India Limited Food Products 0.03% 0.03% 0.00%
Ri isk CESC Limited Power 0.03% 0.03% 0.00%
to te H
Ri i
a Bank of India Banks 0.03% 0.03% 0.00%
er k
Mo Low

Metropolis Healthcare Limited Healthcare Services 0.03% 0.03% 0.00%

gh

s
d

sk

Oil & Natural Gas Corporation Limited Oil 0.02% 0.02% 0.00%
Ri

Asian Paints Limited Consumer Durables 0.02% 0.02% 0.00%

Ver isk

Power Grid Corporation of India Limited Power 0.02% 0.02% 0.00%

Cummins India Limited Industrial Products 0.02% 0.02% 0.00%
Low

y High
R
Risk

Tube Investments of India Limited Auto Components 0.02% 0.02% 0.00%

Federal Bank Limited Banks 0.02% 0.02% 0.00%
Trent Limited Retailing 0.02% 0.02% 0.00%
Hindalco Industries Limited Non - Ferrous Metals 0.01% 0.01% 0.00%
The risk of the scheme is Low Risk Phoenix Mills Limited Realty 0.01% 0.01% 0.00%
HFCL Limited Telecom - Services 0.01% 0.01% 0.00%

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.

31
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 28.01.25) NAV (as on 31.01.25)
Growth ₹ 19.0225 Growth ₹ 10.4655
Direct Growth ₹ 20.7387
Direct Growth ₹ 10.7673
AUM (as on 31.01.25) ₹ 35.18 Cr.
AUM (as on 31.01.25) ₹ 66.83 Cr.
AAUM (for the month of Jan) ₹ 34.37 Cr.
AAUM (for the month of Jan) ₹ 66.31 Cr.
Fund Manager & Experience
Sonal Gupta (Overseas Investments) Fund Manager & Experience
Total Experience 20 Years Sonal Gupta (Overseas Investments)
Managing this fund Since December 02, 2022 Total Experience 20 Years
Minimum Investment1 Managing this fund Since December 02, 2022
Lumpsum ₹ 5,000 Mahesh Chhabria (Fixed Income)
SIP## Please refer page 79 Total Experience 14.5 Years
Additional Purchase ₹ 1,000 Managing this fund Since Feb 01, 2025
Entry load: “NA” Minimum Investment1
1% if redeemed / switched out within 1 year Lumpsum ₹ 5,000
Exit load: SIP## Please refer page 79
from date of allotment, else nil
Quantitative Data2 Additional Purchase ₹ 1,000
Standard Deviation 16.65% Entry load: “NA”
Beta (Slope) 0.99
Sharpe Ratio 3 -0.29 Exit load: (i) In respect of each purchase / switch-in of units, an Exit Load of 1% is payable if Units
R2 0.92% are redeemed / switched-out within 1 year from the date of allotment.
(ii) No Exit Load will be charged, if units are redeemed / switched-out after 1 year from the date of
Month End Total Expenses Ratios (Annualized)4 allotment.
Regular5 1.48% The exit loads set forth above is subject to change at the discretion of the AMC and such changes
Direct 0.77% shall be implemented prospectively.
Industry Allocation Quantitative Data2
Standard Deviation 18.05%
Beta (Slope) 1.11
International - Mutual Fund Units 97.43% Sharpe Ratio 3 -0.13
R2 0.87%
Reverse Repos/TREPS 2.75% Month End Total Expenses Ratios (Annualized)4
Net Current Assets -0.17% Regular5 1.44%
Direct 0.79%
Industry Allocation
Issuer Industry/Rating % to Net Assets
Mutual Fund Units 97.43% International - Mutual Fund Units 97.19%
HSBC GIF GLOB EMERG MKTS EQ S1 OVERSEAS MUTUAL FUND 97.43% Reverse Repos/TREPS
DIS 3.40%

Cash Equivalent 2.57%

Net Current Assets - 0.59%
TREPS* 2.75%
Net Current Assets: -0.18% Issuer Industry/Rating % to Net Assets
Total Net Assets as on 31-January-2025 100.00% Mutual Fund Units 97.19%
HSBC GIF GL EQ CLM CHG JCUSD OVERSEAS MUTUAL FUND 97.19%
*TREPS : Tri-Party Repo fully collateralized by G-Sec Cash Equivalent 2.81%
TREPS* 3.40%
1
in multiples of Re 1 thereafter.
Net Current Assets: -0.59%
2
Quantitative Data disclosed are as per monthly returns (Annualized) for the last 3 years.
Total Net Assets as on 31-January-2025 100.00%
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025)
4
TER Annualized TER including GST on Investment Management Fees. The investors are bearing the recurring expenses *TREPS : Tri-Party Repo fully collateralized by G-Sec
of the Fund, in addition to the expenses of the underlying Fund. However, Investors should note that the total expense 1
in multiples of Re 1 thereafter.
ratio for Direct and Regular plan provided above for the scheme does not include the additional recurring expenses of 2
Quantitative Data disclosed are as per monthly returns (Annualized) for the last 3 years.
the underlying fund which are subject to the maximum limits prescribed under sub-regulation 6 & 6A of Regulation 52 of 4
TER Annualized TER including GST on Investment Management Fees. The investors are bearing the recurring expenses of
the SEBI Regulations. the Fund, in addition to the expenses of the underlying Fund. However, Investors should note that the total expense ratio for
5
Continuing plans Direct and Regular plan provided above for the scheme does not include the additional recurring expenses of the underlying
fund which are subject to the maximum limits prescribed under sub-regulation 6 & 6A of Regulation 52 of the SEBI Regulations.
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 derate

Modera
t • To create wealth over long term derate
Modera
t
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk
• Investment predominantly in units of HSBC Global to te
a
H
Ri i
• Investment predominantly in companies positioned to te
a
H
Ri i
er k er k
Mo Low

Mo Low

Investment Funds - Global Emerging Markets Equity to benefit from climate change through fund of funds
gh

gh

s s
d

d
sk

sk
Ri

Ri

Fund route
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk

*Investors should consult their financial advisers if *Investors should consult their financial advisers if
in doubt about whether the product is suitable for in doubt about whether the product is suitable for
them. The risk of the scheme is Very High Risk them. The risk of the scheme is 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/2024/90 dated June 27, 2024, 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.

32
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 28.01.25) Benchmark MSCI Brazil 10/40 Index TRI6
Growth ₹ 21.7226
NAV (as on 31.01.25)
Direct Growth ₹ 23.4065
Growth ₹ 6.5789
AUM (as on 31.01.25) ₹ 8.25 Cr.
Direct Growth ₹ 7.1781
AAUM (for the month of Jan) ₹ 7.95 Cr.
AUM (as on 31.01.25) ₹ 50.05 Cr.
Fund Manager & Experience
AAUM (for the month of Jan) ₹ 44.66 Cr.
Sonal Gupta (Overseas Investments)
Fund Manager & Experience
Total Experience 20 Years
Sonal Gupta (Overseas Investments)
Managing this fund Since December 02, 2022
Minimum Investment1 Total Experience 20 Years
Managing this fund Since December 02, 2022
Lumpsum ₹ 5,000
Minimum Investment1
SIP## Please refer page 79
Lumpsum ₹ 5,000
Additional Purchase ₹ 1,000
SIP## Please refer page 79
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 15.69% the date of allotment.
Quantitative Data2
Beta (Slope) 0.88
Standard Deviation 28.06%
Sharpe Ratio 3 -0.06 Beta (Slope) 0.93
R2 0.95% Sharpe Ratio 3 -0.07
R2 0.98%
Month End Total Expenses Ratios (Annualized)4
Month End Total Expenses Ratios (Annualized)4
Regular5 1.38%
Regular5 1.55%
Direct 0.98%
Direct 0.98%
Industry Allocation
Industry Allocation

International - Mutual Fund Units 95.76% International - Mutual Fund Units 98.01%
Reverse Repos/TREPS 3.31%
Reverse Repos/TREPS 2.67%
Net Current Assets 0.93%
Net Current Assets -0.68%
Issuer Sector % to Net Assets
Mutual Fund Units 95.76% Issuer Industry/Rating % to Net Assets
HSBC GIF ASIA PACIFIC EX JAPAN Mutual Fund Units 98.01%
OVERSEAS MUTUAL FUND 95.76%
EQ HD S9D HSBC GIF BRAZIL EQUITY S3D OVERSEAS MUTUAL FUND 98.01%
Cash Equivalent 4.24% Cash Equivalent 1.99%
TREPS* 3.31% TREPS* 2.67%
Net Current Assets: 0.93% Net Current Assets: -0.68%
Total Net Assets as on 31-January-2025 100.00% Total Net Assets as on 31-January-2025 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: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025)
3
Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025)
4
TER Annualized TER including GST on Investment Management Fees. The investors are bearing the recurring
4
TER Annualized TER including GST on Investment Management Fees. The investors are bearing the recurring
expenses of the Fund, in addition to the expenses of the underlying Fund. However, Investors should note expenses of the Fund, in addition to the expenses of the underlying Fund. However, Investors should note
that the total expense ratio for Direct and Regular plan provided above for the scheme does not include the that the total expense ratio for Direct and Regular plan provided above for the scheme does not include the
additional recurring expenses of the underlying fund which are subject to the maximum limits prescribed under additional recurring expenses of the underlying fund which are subject to the maximum limits prescribed under
sub-regulation 6 & 6A of Regulation 52 of the SEBI Regulations. sub-regulation 6 & 6A of Regulation 52 of the SEBI Regulations.
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 derate

Modera
t • To create wealth over long term derate
Modera
Mo sk High R ely Mo sk t
High R ely
Ri isk Ri isk
• Investment in equity and equity related securities
to te H
Ri i
• Invests in equity and equity related securities to te H
a
er k a Ri i
er k
Mo Low

through feeder route in Brazilian markets

Mo Low
gh

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of Asia Pacific countries (excluding Japan) s s

d

sk

sk
Ri

Ri

through fund of funds route

Ver isk

*Investors should consult their financial advisers if

Ver isk
Low

y High
R

Low
Risk

y High
R
Risk

*Investors should consult their financial advisers in doubt about whether the product is suitable for
if in doubt about whether the product is suitable them.
The risk of the scheme is Very High Risk The risk of the scheme is Very High Risk
for them.

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/2024/90 dated June 27, 2024, 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.

33
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
BSE 200 TRI Index and 20% of CRISIL Composite BSE 200 TRI Index and 90% of CRISIL Composite
Index5
Bond Index5 Bond Index5
NAV (as on 31.01.25) NAV (as on 31.01.25) NAV (as on 31.01.25)
Growth ₹ 37.9842 Growth ₹ 33.3970 Growth ₹ 20.8898
Direct Growth ₹ 39.7354 Direct Growth ₹ 35.3205 Direct Growth ₹ 22.0969
AUM (as on 31.01.25) ₹ 39.57 Cr. AUM (as on 31.01.25) ₹ 56.81 Cr. AUM (as on 31.01.25) ₹ 21.13 Cr.
AAUM (for the month of Jan) ₹ 40.22 Cr. AAUM (for the month of Jan) ₹ 57.50 Cr. AAUM (for the month of Jan) ₹ 21.19 Cr.

Fund Manager: Gautam Bhupal (Equity) (Total Experience - 20 Yrs.) Managing this fund since October 21, 2015; Sonal Gupta (Overseas Investment) (Total Experience 20 Yrs.)
Managing this fund since April 01, 2024; Cheenu Gupta (Equity) (Total Experience 18 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 79

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 11.22% Standard Deviation 9.21% Standard Deviation 2.34%
Beta (Slope) 0.92 Beta (Slope) 0.92 Beta (Slope) 0.80
Sharpe Ratio 2 0.47 Sharpe Ratio 2 0.42 Sharpe Ratio 2 -0.25
R2 0.88% 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 1.01% Regular4 1.13% Regular4 0.84%
Direct 0.09% Direct 0.09% Direct 0.07%
Industry Allocation Industry Allocation Industry Allocation

Internal - Mutual Fund Units 98.69% Internal - Mutual Fund Units Internal - Mutual Fund Units 98.56%
98.34%

Reverse Repos/TREPS 1.83% Reverse Repos/TREPS 2.29% Reverse Repos/TREPS 2.06%

Net Current Assets -0.53% Net Current Assets -0.62% Net Current Assets -0.62%

Issuer % to Net Assets Issuer % to Net Assets Issuer % to Net Assets

Mutual Fund Units 98.69% Mutual Fund Units 98.34% Mutual Fund Units 98.56%
HSBC Large Cap Fund - Direct Growth 58.36% HSBC Large Cap Fund - Direct Growth 46.88% HSBC Short Duration Fund - Direct Growth 40.00%
HSBC Small Cap Fund - Direct Growth 18.76% Hsbc Short Duration Fund - Direct Growth 16.13% HSBC Dynamic Bond Fund - Direct Growth 25.34%
HSBC Short Duration Fund - Direct Growth 9.70% Hsbc Small Cap Fund - Direct Growth 14.87% HSBC Medium To Long Duration Fund - Direct
23.79%
HSBC Medium To Long Duration Fund - Direct Growth 6.69% HSBC Medium To Long Duration Fund - Direct Growth
Hsbc Dynamic Bond Fund - Direct Growth 5.18% 12.04% HSBC Large Cap Fund - Direct Growth 9.43%
Growth
Cash Equivalent 1.31% HSBC Dynamic Bond Fund - Direct Growth 8.42% Cash Equivalent 1.44%
TREPS* 1.83% Cash Equivalent 1.66% TREPS* 2.06%
Net Current Assets: -0.52% TREPS* 2.29% Net Current Assets: -0.62%
Total Net Assets as on 31-January-2025 100.00% Net Current Assets: -0.63% Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec Total Net Assets as on 31-January-2025 100.00% *TREPS : Tri-Party Repo fully collateralized by G-Sec
*TREPS : Tri-Party Repo fully collateralized by G-Sec

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

Modera
derate t Modera Modera
Mo sk High R ely derate t derate t
Ri isk Mo sk High R ely Mo sk High R ely
to te H Ri isk Ri isk
a Ri i to te H to te H
er k Ri i Ri i
M Low

a a
er k er k
gh

M Low

M Low

s
gh

gh
od

sk

s s
od

od
sk

sk
Ri

Ri

Ri
Ver isk

Ver isk

Ver isk
Low

y High
R
Risk

Low

Low
y High

y High
R

R
Risk

Risk

The risk of the scheme is Very High Risk The risk of the scheme is High Risk The risk of the scheme is 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: 6.65% (FIMMDA-NSE Mibor) as on Jan 31, 2025). 3TER Annualized TER including GST on Investment Management Fees. The investors are bearing
the recurring expenses of the Fund, in addition to the expenses of the underlying Fund. However, Investors should note that the total expense ratio for Direct and Regular plan provided above for the scheme does not include the additional recurring expenses
of the underlying fund which are subject to the maximum limits prescribed under sub-regulation 6 & 6A of Regulation 52 of the SEBI Regulations. 4Continuing plans. 5As per clause 1.9 of the SEBI Master Circular for Mutual Funds no. SEBI/HO/IMD/IMD-
PoD-1/P/CIR/2024/90 dated June 27, 2024, 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.

34
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 Reverse Repo 87.48% YTM $

6.64%
NIFTY 1D Rate Reverse Re- Average Maturity 3.35 Days
Benchmark
Index 5,6 pos/TREPS
REPO 03-Feb-2025 6.6 64.80%
Reverse Re- Modified Duration 3.35 Days
NAV (as on 31.01.25)
pos/TREPS
Growth ₹ 1,312.7647 Macaulay Duration 3.35 Days
Reverse Re-
Direct Growth ₹ 1,322.6768 pos/TREPS
REPO 03-Feb-2025 6.8 16.20%
AUM (as on 31.01.25) ₹ 3,086.96 Cr. Reverse Re-
pos/TREPS PRC Matrix
AAUM (for the month
₹ 3081.72 Cr. Potential Risk Class
of Jan) Reverse Re-
Fund Manager & Experience pos/TREPS Credit Risk →
REPO 03-Feb-2025 6.85 6.48% Relatively Relatively
Reverse Re- Moderate
Mahesh Chhabria (Fixed Income) Low High
pos/TREPS Interest Rate (Class B)
Total Experience 14.5 Years Risk ↓ (Class A) (Class C)
Managing this fund Since Nov 26, 2022 Treasury Bills 4.36%
Relatively Low
Minimum Investment1 A-I
91 DAYS T-BILL - 13FEB2025 SOVEREIGN 2.42% (Class I)
Lumpsum ₹ 5,000
91 DAYS T-BILL - 06FEB2025 SOVEREIGN 1.13% Moderate
SIP## Please refer page 79 (Class II)
91 DAYS T-BILL 21FEB25 SOVEREIGN 0.81%
Additional Purchase ₹ 1,000
Relatively High
Entry load: “NA” Cash Equivalent 8.16%
(Class III)
Exit load: NIL TREPS* 7.93%
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Month End Total Expenses Ratios Net Current Assets: 0.23% risk (measured by Macaulay Duration of the scheme) and maximum credit
(Annualized)2 risk (measured by Credit Risk Value of the scheme) the fund manager can
Total Net Assets as on 31-January-2025 100.00% take in the scheme. PRC matrix classification is done in accordance with
Regular3 0.16% and subject to the methodology/guidelines prescribed by SEBI to help
*TREPS : Tri-Party Repo fully collateralized by G-Sec investors take informed decision based on the maximum interest rate risk
Direct 0.06%
and maximum credit risk the fund manager can take in the scheme, as
1
in multiples of Re 1 thereafter. Rating Profile depicted in the PRC matrix.
2
TER Annualized TER including GST on 4.36% 0.23%
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/2024/90 dated June 27, 2024,
on ‘Guiding Principles for bringing uniformity
in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for
benchmarking of certain categories of schemes.
95.41%
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 Reverse Repos/ TREPS SOVEREIGN
from April 01, 2022.
Net Current Assets
$
YTM is annualized.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Income over short term and high liquidity
to te H
a Ri i
er k • The scheme primarily invests in Debt, Money Market instruments, Cash and Cash equivalents (including Repo) with over-
Mo Low

gh

s
d

sk

night maturity / maturing on or before next business day.

Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is Low 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.

35
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 % to Net

Issuer Rating Issuer Rating
Assets Assets
Date of Allotment 04-Dec-02
Corporate Bonds / Debentures 0.47% 364 DAYS T-BILL 03APR25 SOVEREIGN 0.72%
Benchmark: NIFTY Liquid Index A-I6 HDFC Bank Limited CRISIL AAA 0.47% Alternative Investment Funds (AIF) 0.19%
NAV (as on 31.01.25) Money Market Instruments CDMDF CLASS A2 AIF 0.19%
Growth ₹ 2,530.3379 Certificate of Deposit 31.05% Cash Equivalent 2.80%
Direct Growth ₹ 2,552.9218 Bank of Baroda IND A1+ 6.21% TREPS* 4.78%
AUM (as on 31.01.25) ₹ 22,670.08 Cr. Axis Bank Limited CRISIL A1+ 4.03% Net Current Assets: -1.98%
IND A1+ / Total Net Assets as on 31-January-2025 100.00%
AAUM (for the month Union Bank of India 4.93%
₹ 22030.98 Cr. ICRA A1+ *TREPS : Tri-Party Repo fully collateralized by G-Sec
of Jan)
CARE A1+ /
Fund Manager & Experience HDFC Bank Limited 3.83%
CRISIL A1+
Mahesh Chhabria (Fixed Income) Canara Bank CRISIL A1+ 2.63% Quantitative Data
Total Experience 14.5 Years Bank of Maharashtra ICRA A1+ 1.75%
Managing this fund Since Feb 01, 2025 ICICI Bank Limited ICRA A1+ 1.75% YTM$ 7.25%
CARE A1+ /
Shriram Ramanathan (Fixed Income) Average Maturity 41.98 Days
Punjab National Bank Limited CRISIL A1+ / 3.50%
Total Experience 24 Years ICRA A1+
Managing this fund Since Nov 26, 2022 Federal Bank Limited CRISIL A1+ 1.31% Modified Duration 39.24 Days
Minimum Investment1 Bank of India CRISIL A1+ 0.88%
Macaulay Duration 41.98 Days
Lumpsum ₹ 5,000 Small Industries Development Bank
CARE A1+ 0.22%
of India
SIP## Please refer page 79 Rating Profile
Commercial Paper 49.23%
Additional Purchase ₹ 1,000
National Bank for Agriculture & Rural ICRA A1+ /
Entry Load: “NA” 7.00% 0.19%
Development CRISIL A1+ 4.78% -2.01%
Exit Load : 2
Refer table below Small Industries Development Bank
CARE A1+ 3.94%
Following Exit Load shall be applicable if of India
switched out/redeemed within 7 Calendar Days. Reliance Industries Limited CRISIL A1+ 3.07% 16.26%
HDFC Securities Limited ICRA A1+ 3.07%
Exit Load as a
Investor exit ICICI Securities Limited CRISIL A1+ 2.94%
% of redemption
uponsubscription Kotak Securities Limited CRISIL A1+ 2.73%
proceeds
Aditya Birla Finance Limited ICRA A1+ 2.31%
Day 1 0.0070%
Reliance Jio Infocomm Limited CRISIL A1+ 2.19% 80.78%
Day 2 0.0065% Reliance Retail Ventures Limited CRISIL A1+ 1.98%
Day 3 0.0060% Birla Group Holdings Private Limited ICRA A1+ 1.75%
Network 18 Media & Investments AAA and Equivalents SOVEREIGN
Day 4 0.0055% IND A1+ 1.75%
Limited Alternative Investment Funds (AIF)
Day 5 0.0050% Reverse Repos/ TREPS
Bajaj Finance Limited CRISIL A1+ 1.52%
Day 6 0.0045% Sikka Ports & Terminals Limited Net Current Assets
CRISIL A1+ 1.32%
Day 7 Onwards 0.0000% (Mukesh Ambani Group)
Month End Total Expenses Ratios Nirma Limited CRISIL A1+ 1.32%
Grasim Industries Limited CRISIL A1+ 1.32% PRC Matrix
(Annualized)3
Tata Steel Limited CARE A1+ 1.31% Potential Risk Class
Regular 4
0.22%
Export Import Bank of India CRISIL A1+ 1.31%
Direct 0.12% Axis Securities Limited ICRA A1+ 1.31% Credit Risk → Relatively Relatively
Moderate
ICRA A1+ / Interest Rate Low High
1
in multiples of Re 1 thereafter. ICICI Home Finance Company Limited 2.17% (Class B)
CARE A1+ Risk ↓ (Class A) (Class C)
2
Effective from Oct 20, 2019 on Prospective basis.
Tata Motors Finance Limited ICRA A1+ 1.30%
TER Annualized TER including GST on Investment
3
Relatively Low
Tata Capital Housing Finance Limited ICRA A1+ 1.09% B-I
Management Fees (Class I)
Pilani Investment and Industries
4
Continuing plans CARE A1+ 0.66%
Corporation Ltd Moderate
5
As per clause 1.9 of the SEBI Master Circular for Mutual Godrej Housing Finance Limited ICRA A1+ 0.44%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90
(Class II)
dated June 27, 2024, on ‘Guiding Principles for bringing SRF Limited CRISIL A1+ 0.44%
Relatively High
uniformity in Benchmarks of Mutual Fund Schemes’ Dalmia Cement Bharat Limited CRISIL A1+ 0.33%
(Class III)
has introduced two-tiered structure for benchmarking LIC Housing Finance Limited CRISIL A1+ 0.22%
of certain categories of schemes. Accordingly, the Bharti Telecom Limited ICRA A1+ 0.22%
benchmark has been classified as Tier 1 benchmark.
Furthermore, the same is effective from 01 December Tata Projects Limited CRISIL A1+ 0.22%
2021. Treasury Bills 16.26% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
risk (measured by Macaulay Duration of the scheme) and maximum credit
$
YTM is annualized. 91 DAYS T-BILL 17APR25 SOVEREIGN 4.35% risk (measured by Credit Risk Value of the scheme) the fund manager can
91 DAYS T-BILL 13MAR25 SOVEREIGN 3.29% take in the scheme. PRC matrix classification is done in accordance with
91 DAYS T-BILL - 13FEB2025 SOVEREIGN 2.20% and subject to the methodology/guidelines prescribed by SEBI to help
investors take informed decision based on the maximum interest rate risk
91 DAYS T-BILL 27FEB25 SOVEREIGN 2.20% and maximum credit risk the fund manager can take in the scheme, as
91 DAYS T-BILL 01MAY25 SOVEREIGN 1.74% depicted in the PRC matrix.
91 DAYS T-BILL 06MAR25 SOVEREIGN 0.88%
91 DAYS T-BILL 20MAR25 SOVEREIGN 0.88%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Overnight liquidity over short term
to te H
a Ri i
er k • This scheme invests in money market and debt securities with low risk and high level of liquidity
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is Low to Moderate 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.

36
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

Issuer Rating Quantitative Data
Assets
Date of Allotment 10-Aug-05
Money Market Instruments YTM$ 7.50%
Benchmark: NIFTY Money Market Index A-I6
Certificate of Deposit 58.24% Average Maturity 198.62 Days
NAV (as on 31.01.25)
Bank of Baroda IND A1+ 7.84%
Growth ₹ 25.5445 Modified Duration 185.24 Days
Canara Bank CRISIL A1+ 7.66%
Direct Growth ₹ 26.7665
Macaulay Duration 198.62 Days
AUM (as on 31.01.25) ₹ 2,456.27 Cr. Axis Bank Limited CRISIL A1+ 6.94%
AAUM (for the month HDFC Bank Limited CARE A1+ 5.78%
₹ 2626.87 Cr.
of Jan) Rating Profile
ICICI Bank Limited CRISIL A1+ 4.80%
Fund Manager & Experience
ICRA A1+ / IND 0.26% 0.46%
Mahesh Chhabria (Fixed Income) Punjab National Bank Limited 5.93%
A1+
Total Experience 14.5 Years
15.52%
Managing this fund Since Feb 01, 2025 Small Industries Development
CRISIL A1+ 3.91%
Shriram Ramanathan (Fixed Income) Bank of India
-0.08%
Total Experience 24 Years Bank of India CRISIL A1+ 2.93%
Managing this fund Since Mar 21, 2020
Kotak Mahindra Bank Limited CRISIL A1+ 2.85%
Minimum Investment1
CARE A1+ /
Lumpsum ₹ 5,000 AU Small Finance Bank Limited 3.92% 83.84%
IND A1+
SIP## Please refer page 79
National Bank for Agriculture &
Additional Purchase ₹ 1,000 CRISIL A1+ 1.90%
Rural Development AAA and Equivalents SOVEREIGN
Entry Load: “NA”
IDFC First Bank Limited CRISIL A1+ 1.89% Alternative Investment Reverse Repos/ TREPS
Exit Load2: Nil Funds (AIF)
Union Bank of India IND A1+ 1.89% Net Current Assets
Month End Total Expenses Ratios
(Annualized)3 Commercial Paper 25.62%
Regular4 0.41% Tata Projects Limited CRISIL A1+ 3.93%
PRC Matrix
Direct 0.21% LIC Housing Finance Limited CRISIL A1+ 3.89%
Potential Risk Class
1
in multiples of Re 1 thereafter. Muthoot Finance Limited CRISIL A1+ 3.88%
2
Effective from Oct 20, 2019 on Prospective Credit Risk → Relatively Relatively
ICICI Securities Limited CRISIL A1+ 3.04% Moderate
basis. Interest Rate Low High
(Class B)
Aditya Birla Finance Limited ICRA A1+ 3.04% Risk ↓ (Class A) (Class C)
3
TER Annualized TER including GST on
Investment Management Fees Motilal Oswal Financial Services
CRISIL A1+ 2.02% Relatively Low
4
Continuing plans Limited B-I
(Class I)
5
As per clause 1.9 of the SEBI Master Circular Infina Finance Private Limited ICRA A1+ 2.00% Moderate
for Mutual Funds no. SEBI/HO/IMD/IMD- (Class II)
PoD-1/P/CIR/2024/90 dated June 27, 2024, Bharti Telecom Limited ICRA A1+ 1.92%
on ‘Guiding Principles for bringing uniformity Kotak Mahindra Prime Limited CRISIL A1+ 1.90% Relatively High
in Benchmarks of Mutual Fund Schemes’ (Class III)
has introduced two-tiered structure for Government Securities 1.65% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
benchmarking of certain categories of schemes. risk (measured by Macaulay Duration of the scheme) and maximum credit
Accordingly, the benchmark has been classified 8.32% MAHARASHTRA 15JUL25 risk (measured by Credit Risk Value of the scheme) the fund manager can
SOVEREIGN 1.65%
as Tier 1 benchmark. Furthermore, the same is SDL take in the scheme. PRC matrix classification is done in accordance with
effective from 01 December 2021. and subject to the methodology/guidelines prescribed by SEBI to help
Treasury Bills 13.87% investors take informed decision based on the maximum interest rate risk
$
YTM is annualized. and maximum credit risk the fund manager can take in the scheme, as
364 DAYS T-BILL - 02MAY2025 SOVEREIGN 4.01% depicted in the PRC matrix.

182 DAYS T-BILL 29MAY25 SOVEREIGN 3.99%

182 DAYS T-BILL 10APR25 SOVEREIGN 2.01%
364 DAYS T-BILL 09OCT25 SOVEREIGN 1.95%
364 DTB 29Jan2026 SOVEREIGN 1.91%
Alternative Investment Funds
0.26%
(AIF)
CDMDF CLASS A2 AIF 0.26%

Cash Equivalent 0.36%

TREPS* 0.46%
Net Current Assets: -0.10%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of regular income over short to medium term
to te H
a Ri i
er k • The scheme aims to generate regular income through investment in a portfolio comprising substantially of money market
Mo Low

gh

s
d

sk

instruments.
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is Low to Moderate 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.

37
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 $

7.72%
58.15%
Debentures
Benchmark: NIFTY Low Duration Debt Index Average Maturity 13.39 Months
Power Finance Corporation
A-I 5 CRISIL AAA 8.56%
Limited
NAV (as on 31.01.25) National Bank for Agriculture & Modified Duration 10.42 Months
ICRA AAA 4.99%
Rural Development
Growth ₹ 27.3849 Macaulay Duration^ 11.12 Months
Bajaj Housing Finance Limited CRISIL AAA 4.97%
Direct Growth ₹ 28.8298
National Housing Bank CRISIL AAA 4.97%
AUM (as on 31.01.25) ₹ 538.02 Cr. Rating Profile
Rec Limited ICRA AAA 4.89%
AAUM (for the month Small Industries Development
₹ 503.10 Cr. CARE AAA 4.81% 4.06% 0.26%
of Jan) Bank of India 5.62%
Fund Manager & Experience Export Import Bank of India CRISIL AAA 4.77%
5.97%
Shriram Ramanathan (Fixed Income) Indian Railway Finance
CRISIL AAA 4.75%
Total Experience 24 Years Corporation Limited
-1.02%
Managing this fund Since Nov 24, 2012 HDFC Bank Limited CRISIL AAA 2.90% 10.49%

Mohd Asif Rizwi (Fixed Income) Shriram Finance Limited CRISIL AA+ 2.83%
Total Experience 15 Years Muthoot Finance Limited CRISIL AA+ 2.79% 74.62%
Managing this fund Since Jan 16, 2024 Phoenix ARC Limited (Kotak
CRISIL AA 2.32%
Minimum Investment1 Group Entity)
ONGC Petro Additions Limited ICRA AA 1.96%
Lumpsum ₹ 5,000
IIFL Finance Limited CRISIL AA 1.69% AAA and Equivalents SOVEREIGN AA & Equivalent
SIP## Please refer page 79
Sundaram Finance Limited ICRA AAA 0.95%
Additional Purchase ₹ 1,000 AA+ and Equivalents Reverse Repos/ TREPS
Money Market Instruments
Entry Load: “NA” Alternative Investment Funds (AIF) Net Current Assets
Certificate of Deposit 26.24%
Exit Load: NIL
Month End Total Expenses Ratios Kotak Mahindra Bank Limited CRISIL A1+ 6.99%
PRC Matrix
(Annualized)2 HDFC Bank Limited CARE A1+ 6.10%
Regular3 1.08% ICICI Bank Limited CRISIL A1+ 4.48% Potential Risk Class
Direct 0.38% Bank of Baroda IND A1+ 4.34% Credit Risk → Relatively Relatively
Moderate
^The Macaulay duration is the weighted Canara Bank CRISIL A1+ 4.33% Interest Rate Low High
(Class B)
average term to maturity of the cash flows Risk ↓ (Class A) (Class C)
Commercial Paper 1.82%
from a bond. The weight of each cash flow is
IndoStar Capital Finance Relatively Low
determined by dividing the present value of the CRISIL A1+ 1.82% B-I
Limited (Class I)
cash flow by the price.
Government Securities 10.49%
1
in multiples of Re 1 thereafter. Moderate
7.06% GOI 10APR28 SOVEREIGN 2.88% (Class II)
2
TER Annualized TER including GST on
Investment Management Fees 7.38% GOI 20JUN2027 SOVEREIGN 2.86% Relatively High
3
Continuing plans GOI FRB 04Oct2028 SOVEREIGN 1.91% (Class III)
4
As per clause 1.9 of the SEBI Master Circular 5.15% GOI 09NOV25 G-SEC SOVEREIGN 1.86% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
for Mutual Funds no. SEBI/HO/IMD/IMD- GOI FRB - 22SEP33 SOVEREIGN 0.98% risk (measured by Macaulay Duration of the scheme) and maximum credit
PoD-1/P/CIR/2024/90 dated June 27, 2024, risk (measured by Credit Risk Value of the scheme) the fund manager can
Alternative Investment Funds take in the scheme. PRC matrix classification is done in accordance with
on ‘Guiding Principles for bringing uniformity 0.26%
(AIF) and subject to the methodology/guidelines prescribed by SEBI to help
in Benchmarks of Mutual Fund Schemes’ investors take informed decision based on the maximum interest rate risk
CDMDF CLASS A2 AIF 0.26%
has introduced two-tiered structure for and maximum credit risk the fund manager can take in the scheme, as
benchmarking of certain categories of schemes. Cash Equivalent 3.04% depicted in the PRC matrix.
Accordingly, the benchmark has been classified
TREPS* 4.06%
as Tier 1 benchmark. Furthermore, the same is
effective from 01 December 2021. Net Current Assets: -1.02%
$
YTM is annualized. Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

Modera
This product is suitable for investors who are seeking*:
derate
Mo sk
Ri
t
High R ely
isk
• Liquidity over short term
to te H
• The Scheme will Invest predominantly in debt and money market instruments such that the Macaulay duration of the Portfolio
a Ri i
er k
Mo Low

gh

s is between 6 months to 12 months.

d

sk
Ri

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

y High
R
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
The risk of the scheme is 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.

38
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

Corporate Bonds / Debentures 30.62%
Date of Allotment 29-Jan-20 YTM $
7.47%
LIC Housing Finance Limited CRISIL AAA 5.88%
Benchmark: NIFTY Ultra Short Duration Debt Average Maturity 5.93 Months
Index A-I 5 Power Finance Corporation
CRISIL AAA 4.90%
Limited
NAV (as on 31.01.25) Modified Duration 5.30 Months
HDFC Bank Limited CRISIL AAA 3.96%
Growth ₹ 1,311.5859 Rec Limited CRISIL AAA 3.03% Macaulay Duration 5.68 Months
Direct Growth ₹ 1,328.7644 Larsen & Toubro Limited CRISIL AAA 3.02%
AUM (as on 31.01.25) ₹ 2,625.45 Cr. Bajaj Finance Limited CRISIL AAA 2.88% Rating Profile
AAUM (for the month Small Industries Development
₹ 2686.88 Cr. CARE AAA 1.99%
of Jan) Bank of India 0.27% 0.85%

Fund Manager & Experience Kotak Mahindra Prime Limited CRISIL AAA 1.98% 14.42%
Mahesh Chhabria (Fixed Income) National Bank for Agriculture &
CRISIL AAA 1.98%
Total Experience 14.5 Years Rural Development
Managing this fund Since Nov 26, 2022 - 0.62%
Export Import Bank of India CRISIL AAA 1.00%
Minimum Investment1
Money Market Instruments
Lumpsum ₹ 5,000
Certificate of Deposit 35.67% 85.08%
SIP## Please refer page 79
Additional Purchase ₹ 1,000 Bank of Baroda IND A1+ 8.27%

Entry Load: “NA” Axis Bank Limited CRISIL A1+ 5.56%

AAA and Equivalents SOVEREIGN
Exit Load2: NIL National Bank for Agriculture &
CRISIL A1+ 4.61% Reverse Repos/ TREPS
Rural Development Alternative Investment
Month End Total Expenses Ratios Funds (AIF)
(Annualized)2 HDFC Bank Limited CARE A1+ 4.52% Net Current Assets

Regular3 0.48% Canara Bank CRISIL A1+ 3.66%

Direct 0.22% ICRA A1+ /

Punjab National Bank Limited 4.58% PRC Matrix
CRISIL A1+
1
in multiples of Re 1 thereafter. Export Import Bank of India CRISIL A1+ 2.67% Potential Risk Class
2
TER Annualized TER including GST on
ICICI Bank Limited CRISIL A1+ 1.80% Credit Risk →
Investment Management Fees Relatively Relatively
Moderate
3
Continuing plans Commercial Paper 16.92% Low High
Interest Rate (Class B)
Risk ↓ (Class A) (Class C)
4
As per clause 1.9 of the SEBI Master Circular Reliance Industries Limited CRISIL A1+ 5.71%
for Mutual Funds no. SEBI/HO/IMD/IMD- Indian Railway Finance Relatively Low
PoD-1/P/CIR/2024/90 dated June 27, 2024, CRISIL A1+ 3.78% B-I
Corporation Limited (Class I)
on ‘Guiding Principles for bringing uniformity
ICICI Securities Limited CRISIL A1+ 1.90%
in Benchmarks of Mutual Fund Schemes’ Moderate
has introduced two-tiered structure for CRISIL A1+ /
Aditya Birla Finance Limited 3.76% (Class II)
benchmarking of certain categories of schemes. ICRA A1+
Accordingly, the benchmark has been classified Kotak Mahindra Prime Limited CRISIL A1+ 1.77% Relatively High
as Tier 1 benchmark. Furthermore, the same is (Class III)
effective from 01 December 2021. Securitised Debt Amort 1.89%
$
YTM is annualized. India Universal Trust AL2 PTC Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
(PTC of pools from HDFC Bank IND AAA(SO) 1.89% risk (measured by Macaulay Duration of the scheme) and maximum credit
Limited) 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
Treasury Bills 14.42% and subject to the methodology/guidelines prescribed by SEBI to help
investors take informed decision based on the maximum interest rate risk
182 DAYS T-BILL 29MAY25 SOVEREIGN 3.73% and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
182 DAYS T-BILL 13MAR25 SOVEREIGN 2.84%
182 DAYS T-BILL 27JUN25 SOVEREIGN 2.49%
364 DAYS T-BILL 12JUN25 SOVEREIGN 1.86%
364 DTB 29Jan2026 SOVEREIGN 1.79%
182 DAYS T-BILL 27FEB25 SOVEREIGN 1.71%
Alternative Investment Funds
0.27%
(AIF)
CDMDF CLASS A2 AIF 0.27%
Cash Equivalent 0.21%
TREPS* 0.85%
Net Current Assets: -0.64%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

This product is suitable for investors who are seeking*:

Modera
derate t • Income over short term with low volatility.
Mo sk High R ely
Ri isk
to te
a
H
Ri i
• The Scheme will Invest predominantly in debt and money market instruments such that the Macaulay duration of the Portfolio
er k
Mo Low

is between 3 months to 6 months.

gh

s
d

sk
Ri

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

y High
R
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
The risk of the scheme is 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.

39
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 Quantitative Data

Corporate Bonds / Debentures 54.54%
Date of Allotment 27-Dec-11 YTM $
7.37%
Rec Limited CRISIL AAA 7.86%
Benchmark: NIFTY Short Duration Debt Small Industries Development Bank
CRISIL AAA 6.25% Average Maturity 3.6 Years
Index A-II (effective September 04, 2023)5 of India
Indian Railway Finance Corporation CRISIL AAA /
NAV (as on 31.01.25) Limited CARE AAA
7.03% Modified Duration 2.82 Years
Bajaj Finance Limited CRISIL AAA 5.57%
Growth ₹ 25.4500 Macaulay Duration^ 2.96 Years
Export Import Bank of India CRISIL AAA 4.25%
Direct Growth ₹ 26.9310 National Bank for Agriculture & Rural CRISIL AAA /
4.90%
Development ICRA AAA
AUM (as on 31.01.25) ₹ 3,712.11 Cr.
LIC Housing Finance Limited CRISIL AAA 3.52%
Rating Profile
AAUM (for the month Kotak Mahindra Prime Limited CRISIL AAA 3.21%
₹ 3709.02 Cr.
of Jan) Power Finance Corporation Limited CRISIL AAA 3.19% 0.27%
HDFC Bank Limited CRISIL AAA 3.17% 0.70%
Fund Manager & Experience
Bajaj Housing Finance Limited CRISIL AAA 2.81%
Mohd Asif Rizwi (Fixed Income) Power Grid Corporation of India
CRISIL AAA 1.39%
Limited
Total Experience 15 Years
National Housing Bank CRISIL AAA 0.70% 29.85%
Managing this fund Since Jan 16, 2024
Sundaram Finance Limited ICRA AAA 0.69% -0.25%
Shriram Ramanathan (Fixed Income) Money Market Instruments
Total Experience 24 Years
Certificate of Deposit 9.12%
Managing this fund Since May 1, 2024
Kotak Mahindra Bank Limited CRISIL A1+ 2.78%
Minimum Investment 1
ICICI Bank Limited CRISIL A1+ 2.54%
Lumpsum ₹ 5,000 Canara Bank CRISIL A1+ 2.53% 69.43%
HDFC Bank Limited CARE A1+ 1.27%
SIP## Please refer page 79 Commercial Paper 2.52%
Additional Purchase ₹ 1,000 Export Import Bank of India CRISIL A1+ 1.27% AAA and Equivalents SOVEREIGN
Kotak Mahindra Prime Limited CRISIL A1+ 1.25%
Entry Load: “NA” Reverse Repos/ TREPS Alternative Investment
Securitised Debt Amort 3.27% Funds (AIF)
Exit Load: NIL Net Current Assets
India Universal Trust AL1 PTC (PTC
IND AAA(SO) 2.03%
Month End Total Expenses Ratios of pools from HDFC Bank Limited)
(Annualized)2 India Universal Trust AL2 PTC (PTC
IND AAA(SO) 1.24%
of pools from HDFC Bank Limited)
Regular3 0.75% PRC Matrix^^
Government Securities 29.85%
Direct 0.27%
7.32% GOI 13NOV2030 SOVEREIGN 8.17% Potential Risk Class
^The Macaulay duration is the weighted average term 6.79% GOI 07OCT2034 GSEC SOVEREIGN 8.03%
to maturity of the cash flows from a bond. The weight 7.02% GOI 18JUN31 G-SEC SOVEREIGN 3.31% Credit Risk → Relatively Relatively
Moderate
of each cash flow is determined by dividing the present 7.04% GOI 03JUN29 G-SEC SOVEREIGN 2.35%
Interest Rate Low High
value of the cash flow by the price. (Class B)
7.37% GOI 23OCT2028 SOVEREIGN 2.25%
Risk ↓ (Class A) (Class C)
1
in multiples of Re 1 thereafter. 6.75% GOI 23-Dec-2029 SOVEREIGN 2.05%
7.10% GOI 08-Apr-2034 SOVEREIGN 1.69% Relatively Low
TER Annualized TER including GST on Investment
2

Management Fees 7.38% GUJARAT 26Apr2030 SDL SOVEREIGN 1.11% (Class I)

GOI FRB - 22SEP33 SOVEREIGN 0.71%
3
Continuing plans 8.50% JAMMU & KASHMIR Moderate
As per clause 1.9 of the SEBI Master Circular for Mutual
SOVEREIGN 0.14% A-II
4
30MAR2025 SDL (Class II)
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 7.72% GOI 25MAY25 SOVEREIGN 0.04%
dated June 27, 2024, on ‘Guiding Principles for bringing Alternative Investment Funds Relatively High
0.27%
uniformity in Benchmarks of Mutual Fund Schemes’ (AIF) (Class III)
has introduced two-tiered structure for benchmarking CDMDF CLASS A2 AIF 0.27%
of certain categories of schemes. Accordingly, the Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Cash Equivalent 0.43%
benchmark has been classified as Tier 1 benchmark. risk (measured by Macaulay Duration of the scheme) and maximum credit
TREPS* 0.70% risk (measured by Credit Risk Value of the scheme) the fund manager can
Furthermore, the same is effective from 01 December
Net Current Assets: -0.27% take in the scheme. PRC matrix classification is done in accordance with
2021.
Total Net Assets as on 31-January-2025 100.00% and subject to the methodology/guidelines prescribed by SEBI to help
5
Fund’s benchmark has changed effective September investors take informed decision based on the maximum interest rate risk
04, 2023. *TREPS : Tri-Party Repo fully collateralized by G-Sec;
and maximum credit risk the fund manager can take in the scheme, as
$
YTM is annualized. depicted in the PRC matrix.
^^Effective September 04, 2023, the PRC Matrix has
been changed from B-II to A-II

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of regular returns over short term
to te H
a Ri i
er k • The Scheme will Invest predominantly in debt and money market instruments such that the Macaulay duration of the
Mo Low

gh

s
d

sk

portfolio is between 1 year to 3 years.

Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is Moderate 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.

40
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

Date of Allotment 02-Feb-15 Corporate Bonds / YTM $

7.77%
44.23%
Debentures
Benchmark: NIFTY Medium Duration Debt Average Maturity 5.6 Years
Index A-III5 Rec Limited CRISIL AAA 7.21%
Delhi International Airport Modified Duration 3.79 Years
NAV (as on 31.01.25) ICRA AA- 4.12%
Limited
Growth ₹ 19.6346 Power Finance Corporation Macaulay Duration^ 3.95 Years
CRISIL AAA 3.63%
Direct Growth ₹ 21.3659 Limited
AUM (as on 31.01.25) ₹ 744.08 Cr. Aadhar Housing Finance Rating Profile
IND AA 3.56%
Limited
AAUM (for the month
₹ 746.34 Cr. Aditya Birla Renewables
of Jan) CRISIL AA 3.47% 0.39%
0.29%
Limited 2.87%
Fund Manager & Experience 4.12%
Small Industries Development
Shriram Ramanathan (Fixed Income) CRISIL AAA 3.45%
Bank of India 14.03%
Total Experience 24 Years National Bank for Agriculture & -0.13%
Managing this fund Since Feb 02, 2015 ICRA AAA 3.43%
Rural Development
Minimum Investment1 Shriram Finance Limited CRISIL AA+ 2.87%
Lumpsum ₹ 5,000 Oriental Nagpur Betul
46.16%
SIP## Please refer page 79 Highway Limited (Nhai Annuity CRISIL AAA 2.76% 32.27%
Receivables)
Additional Purchase ₹ 1,000
Jm Financial Services Limited CRISIL AA 2.73% SOVEREIGN
Entry Load: “NA” AAA and Equivalents
ONGC Petro Additions Limited AA- & Below
Exit Load: NIL (Letter of comfort from Oil ICRA AAA
AA & Equivalent
2.73%
Month End Total Expenses Ratios & Natural Gas Corporation (CE) AA+ and equivalents Reverse Repos/ TREPS
(Annualized)2 Limited) Alternative Investment Net Current Assets
Funds (AIF)
Regular3 1.09% IIFL Finance Limited CRISIL AA 2.59%
Direct 0.39% Phoenix ARC Limited (Kotak
CRISIL AA 1.68%
Group Entity)
^The Macaulay duration is the weighted average term
to maturity of the cash flows from a bond. The weight Money Market Instruments PRC Matrix
of each cash flow is determined by dividing the present
value of the cash flow by the price. Commercial Paper 1.71% Potential Risk Class
1
in multiples of Re 1 thereafter. IndoStar Capital Finance Credit Risk →
CRISIL A1+ 1.71% Relatively Relatively
Limited Moderate
TER Annualized TER including GST on Investment
2
Low High
Management Fees Interest Rate (Class B)
Securitised Debt Amort 7.35% (Class A) (Class C)
Risk ↓
3
Continuing plans
Dhruva XXIV (PTC of pools
4
As per clause 1.9 of the SEBI Master Circular for Mutual Relatively Low
from Five-Star Business ICRA AAA(SO) 3.37%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 (Class I)
dated June 27, 2024, on ‘Guiding Principles for bringing
Finance Limited)
uniformity in Benchmarks of Mutual Fund Schemes’ Vajra 011 Trust (PTC of pools Moderate
has introduced two-tiered structure for benchmarking from Veritas Finance Private ICRA AAA(SO) 3.06% (Class II)
of certain categories of schemes. Accordingly, the Limited)
benchmark has been classified as Tier 1 benchmark. Relatively High
Sansar Trust IX (PTC of pools B-III
Furthermore, the same is effective from 01 December
ICRA AAA(SO) 0.92% (Class III)
2021. from Shriram Finance Limited)
Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
$
YTM is annualized. Government Securities 46.16% risk (measured by Macaulay Duration of the scheme) and maximum
credit risk (measured by Credit Risk Value of the scheme) the fund
7.32% GOI 13NOV2030 SOVEREIGN 17.58% manager can take in the scheme. PRC matrix classification is done in
accordance with and subject to the methodology/guidelines prescribed
6.79% GOI 07OCT2034 GSEC SOVEREIGN 6.91% by SEBI to help investors take informed decision based on the maximum
7.04% GOI 03JUN29 G-SEC SOVEREIGN 6.90% interest rate risk and maximum credit risk the fund manager can take in
the scheme, as depicted in the PRC matrix.
7.18% GOI 24-Jul-2037 SOVEREIGN 4.15%
7.18% GOI 14AUG2033 GSEC SOVEREIGN 3.56%
7.23% GOI 15APR2039 SOVEREIGN 2.13%
7.10% GOI 08-Apr-2034 SOVEREIGN 2.11%
7.34% GOI 22APR2064 SOVEREIGN 1.42%
7.30% GOI 19JUN53 SOVEREIGN 1.40%
Alternative Investment Funds
0.29%
(AIF)
CDMDF CLASS A2 AIF 0.29%
Cash Equivalent 0.26%
TREPS* 0.39%
Net Current Assets: -0.13%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

derate
Modera
t
This product is suitable for investors who are seeking*:
Mo sk High R ely
Ri isk
to te H • Generation of income over medium term
a Ri i
er k
Mo Low

gh

s • An open ended debt scheme predominantly investing in fixed income instruments such that the Macaulay duration of the
d

sk
Ri

portfolio is between 3 years to 4 years.

Ver isk
Low

y High
R
Risk

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

The risk of the scheme is Moderate 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.

41
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 $

6.91%
8.44%
Debentures
Benchmark: NIFTY Medium to Long Dura- Average Maturity 10.34 Years
tion Debt Index A-III (effective September 04, Small Industries Development
CRISIL AAA 8.44%
2023) 5 Bank of India Modified Duration 6.50 Years
NAV (as on 31.01.25) Government Securities 85.33%
Macaulay Duration^ 6.74 Years
Growth ₹ 40.7026
6.79% GOI 07OCT2034 GSEC SOVEREIGN 31.79%
Direct Growth ₹ 45.2202
7.32% GOI 13NOV2030 SOVEREIGN 21.57% Rating Profile
AUM (as on 31.01.25) ₹ 48.51 Cr.
7.18% GOI 24-Jul-2037 SOVEREIGN 21.23%
AAUM (for the month 0.28%
₹ 49.57 Cr.
of Jan) 7.30% GOI 19JUN53 SOVEREIGN 10.74% 6.12%

Fund Manager & Experience Alternative Investment Funds 8.44%

0.28%
Mohd. Asif Rizwi (Fixed Income) (AIF)
Total Experience 15.5 Years CDMDF CLASS A2 AIF 0.28% -0.17%
Managing this fund Since Feb 01, 2025
Cash Equivalent 5.95%
Shriram Ramanathan (Fixed Income)
Total Experience 24 Years TREPS* 6.12%
Managing this fund Since Nov, 26 2022 Net Current Assets: -0.17% 85.33%

Minimum Investment1
Total Net Assets as on 31-January-2025 100.00%
Lumpsum ₹ 5,000 SOVEREIGN AAA and Equivalents
*TREPS : Tri-Party Repo fully collateralized by G-Sec
SIP## Please refer page 79 Reverse Repos/ TREPS Alternative Investment
Additional Purchase ₹ 1,000 Funds (AIF)
Net Current Assets
Entry Load: “NA”
Exit Load: NIL
Month End Total Expenses Ratios PRC Matrix^^
(Annualized)2 Potential Risk Class
Regular3 1.90%
Credit Risk → Relatively Relatively
Direct 0.67% 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/2024/90
(Class III)
dated June 27, 2024, 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

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Regular income over medium to long term
to te H
a Ri i
er k • This scheme primarily takes exposure to securities with Macaulay duration of the portfolio is between 4 years to 7 years.
Mo Low

gh

s
d

sk
Ri

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

y High
R
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
The risk of the scheme is 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.

42
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 9.81% YTM$ 7.03%
Benchmark: NIFTY Composite Debt Index National Bank for Agriculture &
ICRA AAA 6.47% Average Maturity 18.32 Years
A-III 5 Rural Development
LIC Housing Finance Limited CRISIL AAA 3.34% Modified Duration 8.73 Years
NAV (as on 31.01.25)
Government Securities 88.78% Macaulay Duration^ 9.05 Years
Growth ₹ 28.5780
Direct Growth ₹ 30.8839 6.79% GOI 07OCT2034 GSEC SOVEREIGN 29.30%
Rating Profile
AUM (as on 31.01.25) ₹ 157.91 Cr. 7.09% GOI 05AUG2054 SOVEREIGN 16.51%
AAUM (for the month 7.30% GOI 19JUN53 SOVEREIGN 16.50% 1.06% 0.37%
₹ 158.46 Cr.
of Jan) 7.34% GOI 22APR2064 SOVEREIGN 10.06% 9.81%
Fund Manager & Experience 7.18% GOI 24-Jul-2037 SOVEREIGN 9.78%
Mahesh Chhabria (Fixed Income) 7.32% GOI 13NOV2030 SOVEREIGN 6.63%
-0.02%
Total Experience 14.5 Years Alternative Investment Funds
Managing this fund Since May 1, 2024 0.37%
(AIF)
Shriram Ramanathan (Fixed Income) CDMDF CLASS A2 AIF 0.37%
Total Experience 24 Years 88.78%
Cash Equivalent 1.04%
Managing this fund Since Feb 02, 2015
TREPS* 1.06%
Minimum Investment1
Net Current Assets: -0.02%
Lumpsum ₹ 5,000
Total Net Assets as on 31-January-2025 100.00% SOVEREIGN AAA and Equivalents
SIP## Please refer page 79
*TREPS : Tri-Party Repo fully collateralized by G-Sec Reverse Repos/ TREPS Alternative Investment
Additional Purchase ₹ 1,000 Funds (AIF)
Net Current Assets
Entry Load: “NA”
Exit Load: NIL
Month End Total Expenses Ratios PRC Matrix
(Annualized)2
Potential Risk Class
Regular3 0.77%
Credit Risk → Relatively Relatively
Direct 0.19% 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/2024/90
dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of reasonable returns over medium to long term
to te H
a Ri i
er k • The Scheme invests across all classes of fixed income instruments with no cap or floor on maturity, duration or instrument
Mo Low

gh

s
d

sk

type concentrations. This makes the scheme different from other existing open – ended income/debt schemes of the Fund.
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is Moderate 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.

43
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 / Debentures 79.58% YTM$ 7.29%
National Bank for Agriculture & Rural
Benchmark: NIFTY Corporate Bond Index CRISIL AAA 7.47% Average Maturity 3.5 Years
Development
A-II5
HDFC Bank Limited CRISIL AAA 6.96%
NAV (as on 31.01.25) Modified Duration 2.91 Years
National Highways Authority of India CRISIL AAA 6.78%
Growth ₹ 70.2795 NTPC Limited CRISIL AAA 6.73% Macaulay Duration 3.08 Years
Direct Growth ₹ 74.7588 Small Industries Development Bank
CRISIL AAA 6.54%
AUM (as on 31.01.25) ₹ 5,826.55 Cr. of India
Rating Profile
AAUM (for the month Power Grid Corporation of India
CRISIL AAA 6.43%
₹ 5750.94 Cr. Limited
of Jan) 1.37% 0.34%
Rec Limited CRISIL AAA 5.65%
Fund Manager & Experience
Indian Oil Corporation Limited CRISIL AAA 5.42%
Mohd. Asif Rizwi (Fixed Income) 19.21%
LIC Housing Finance Limited CRISIL AAA 5.06%
Total Experience 15.5 Years
-0.54%
Managing this fund Since Feb 01, 2025 Bajaj Finance Limited CRISIL AAA 4.01%
Shriram Ramanathan (Fixed Income) Housing and Urban Development CARE AAA /
3.50%
Corporation Limited ICRA AAA
Total Experience 24 Years
Managing this fund Since June 30, 2014 Export Import Bank of India CRISIL AAA 2.85%
Kotak Mahindra Prime Limited CRISIL AAA 2.69% 79.62%
Minimum Investment1
Lumpsum ₹ 5,000 Power Finance Corporation Limited CRISIL AAA 2.60%
Indian Railway Finance Corporation AAA and Equivalents SOVEREIGN
SIP## Please refer page 79 CRISIL AAA 2.52%
Limited Alternative Investment
Reverse Repos/ TREPS
Additional Purchase ₹ 1,000 Bajaj Housing Finance Limited CRISIL AAA 2.26% Funds (AIF)
Entry Load: “NA” Net Current Assets
ICICI Bank Limited CARE AAA 2.11%
Exit Load: Nil Government Securities 19.21%
Month End Total Expenses Ratios PRC Matrix
7.38% GOI 20JUN2027 SOVEREIGN 5.45%
(Annualized)2
7.37% GOI 23OCT2028 SOVEREIGN 4.12% Potential Risk Class
Regular3 0.64%
Direct 0.30%
7.06% GOI 10APR28 SOVEREIGN 3.73% Credit Risk → Relatively Relatively
Moderate
7.15% KARNATAKA 09OCT28 SDL SOVEREIGN 2.65%
Interest Rate Low High
in multiples of Re 1 thereafter. (Class B)
1
6.44% MAHARASHTRA 12AUG28 Risk ↓ (Class A) (Class C)
SOVEREIGN 0.87%
TER Annualized TER including GST on Investment
2
SDL
Management Fees
6.47% MAHARASHTRA Relatively Low
SOVEREIGN 0.86% (Class I)
3
Continuing plans 21OCT2028 SDL
4
As per clause 1.9 of the SEBI Master Circular for Mutual 7.18% MAHARASHTRA 28JUN2029 Moderate
SOVEREIGN 0.43%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 SDL
(Class II)
dated June 27, 2024, on ‘Guiding Principles for bringing
6.35% MAHARASHTRA SDL
uniformity in Benchmarks of Mutual Fund Schemes’ SOVEREIGN 0.43% Relatively High
25Nov2028
has introduced two-tiered structure for benchmarking A-III
7.05% Gujarat SGS 14Aug2028 SOVEREIGN 0.37%
(Class III)
of certain categories of schemes. Accordingly, the
benchmark has been classified as Tier 1 benchmark. Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
7.69% GUJARAT 20 Dec 2027 SDL SOVEREIGN 0.26%
Furthermore, the same is effective from 01 December risk (measured by Macaulay Duration of the scheme) and maximum credit
2021. 7.17% GOI 08JAN28 SOVEREIGN 0.04% 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
Alternative Investment Funds
0.34% and subject to the methodology/guidelines prescribed by SEBI to help
(AIF)
investors take informed decision based on the maximum interest rate risk
CDMDF CLASS A2 AIF 0.34% and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
Cash Equivalent 0.87%
TREPS* 1.37%
Net Current Assets: -0.50%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of regular and stable income over medium to long term
to te H
a Ri i
er k • The Scheme will invest predominantly in corporate debt securities rated AA+ and above
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is Moderate 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.

44
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 / YTM$ 7.41%
69.02%
Debentures
Benchmark: Nifty Banking & PSU Debt Average Maturity 2.28 Years
Index A-II5 Indian Railway Finance
CRISIL AAA 9.35%
Corporation Limited Modified Duration 1.91 Years
NAV (as on 31.01.25)
National Housing Bank CRISIL AAA 7.71%
Growth ₹ 23.3250 Macaulay Duration 2.02 Years
Direct Growth ₹ 24.5307 Export Import Bank of India CRISIL AAA 6.28%
AUM (as on 31.01.25) ₹ 4,128.58 Cr. NTPC Limited CRISIL AAA 6.15%
AAUM (for the month Rating Profile
₹ 4145.65 Cr. Small Industries Development ICRA AAA /
of Jan) 9.05%
Bank of India CRISIL AAA
Fund Manager & Experience 3.11% 0.31%
National Bank for Agriculture & CRISIL AAA /
Mahesh Chhabria (Fixed Income) 8.73% 18.12%
Rural Development ICRA AAA
Total Experience 14.5 Years CARE AAA /
Managing this fund Since Nov 26,2022 HDFC Bank Limited 4.72% -1.97%
CRISIL AAA
Mohd. Asif Rizwi (Fixed Income)
Power Grid Corporation of
Total Experience 15.5 Years CRISIL AAA 3.22%
India Limited
Managing this fund Since May 1, 2024
Power Finance Corporation 80.43%
Minimum Investment1 CRISIL AAA 2.96%
Limited
Lumpsum ₹ 5,000
Bajaj Finance Limited CRISIL AAA 2.46% AAA and equivalents SOVEREIGN
SIP## Please refer page 79
Additional Purchase ₹ 1,000 LIC Housing Finance Limited CRISIL AAA 2.43% Reverse Repos/ TREPS Alternative Investment
Funds (AIF)
Entry Load: “NA” Axis Bank Limited CRISIL AAA 2.42% Net Current Assets
Exit Load2: NIL Rec Limited CRISIL AAA 1.89%
Month End Total Expenses Ratios Indian Oil Corporation Limited CRISIL AAA 1.51% PRC Matrix
(Annualized)2
Kotak Mahindra Bank Limited CRISIL AAA 0.13% Potential Risk Class
Regular3 0.61%
Direct 0.23% Money Market Instruments Credit Risk → Relatively Relatively
Moderate
Certificate of Deposit 9.14% 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
Canara Bank CRISIL A1+ 2.84%
Management Fees
Axis Bank Limited CRISIL A1+ 2.30% Relatively Low
3
Continuing plans (Class I)
4
As per clause 1.9 of the SEBI Master Circular for Mutual ICICI Bank Limited CRISIL A1+ 2.29%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 Moderate
dated June 27, 2024, on ‘Guiding Principles for bringing Punjab National Bank Limited ICRA A1+ 1.71% (Class II)
uniformity in Benchmarks of Mutual Fund Schemes’
has introduced two-tiered structure for benchmarking Commercial Paper 2.28% Relatively High
A-III
of certain categories of schemes. Accordingly, the (Class III)
benchmark has been classified as Tier 1 benchmark. Export Import Bank of India CRISIL A1+ 2.28% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
Furthermore, the same is effective from 01 December
risk (measured by Macaulay Duration of the scheme) and maximum credit
2021. Government Securities 18.12% 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
5.74% GOI 15NOV2026 SOVEREIGN 3.99% and subject to the methodology/guidelines prescribed by SEBI to help
investors take informed decision based on the maximum interest rate risk
6.79% GOI 07OCT2034 GSEC SOVEREIGN 3.74% and maximum credit risk the fund manager can take in the scheme, as
depicted in the PRC matrix.
7.04% GOI 03JUN29 G-SEC SOVEREIGN 3.73%
6.75% GOI 23-Dec-2029 SOVEREIGN 3.68%
7.38% GOI 20JUN2027 SOVEREIGN 2.98%
Alternative Investment Funds
0.31%
(AIF)
CDMDF CLASS A2 AIF 0.31%
Cash Equivalent 1.13%
TREPS* 3.11%
Net Current Assets: -1.98%
Total Net Assets as on 31-January-2025 100.00%
*TREPS : Tri-Party Repo fully collateralized by G-Sec

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of reasonable returns and liquidity over short term.
to te H
a Ri i
er k • The portfolio will primarily be invested in debt and money market instruments consisting predominantly of securities issued
Mo Low

gh

s
d

sk

by entities such as Banks, Public Sector undertakings, Public Financial Institutions (PFIs) and Municipal Bonds..
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is Moderate 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.

45
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 Quantitative Data

Date of Allotment 08-Oct-09 Corporate Bonds / 71.67% YTM $

8.14%
Debentures
Benchmark: NIFTY Credit Risk Bond Index Tata Projects Limited IND AA 6.29% Average Maturity 3.03 Years
B-II5
Nuvoco Vistas Corp Limited CRISIL AA 6.18%
NAV (as on 31.01.25) Modified Duration 2.28 Years
Tata Housing Development CARE AA 6.03%
Growth ₹ 27.7615 Company Limited
Macaulay Duration 2.40 Years
Direct Growth ₹ 30.0005 Nirma Limited CRISIL AA 5.59%
National Bank for Agriculture &
AUM (as on 31.01.25) ₹ 583.92 Cr. Rural Development CRISIL AAA 4.55% Rating Profile
AAUM (for the month ONGC Petro Additions Limited ICRA AA 4.52%
₹ 583.65 Cr.
of Jan) 0.84%
Aditya Birla Real Estate Limited CRISIL AA 4.48% 4.36% 0.27%
Fund Manager & Experience 4.40%
Aditya Birla Renewables CRISIL AA 4.42%
Shriram Ramanathan (Fixed Income) Limited
Total Experience 24 Years JSW Steel Limited CARE AA 4.40% 11.28%
-0.16%
Managing this fund Since Nov 24, 2012 Jm Financial Services Limited CRISIL AA 3.48%
Minimum Investment1 Godrej Housing Finance
Limited CRISIL AA+ 3.46%
Lumpsum ₹ 5,000 58.35%
Phoenix ARC Limited (Kotak CRISIL AA 2.85%
20.66%
SIP## Please refer page 79 Group Entity)
Additional Purchase ₹ 1,000 Aadhar Housing Finance IND AA / ICRA
Limited AA 5.39%
Entry Load: “NA” AA and equivalents SOVEREIGN AAA and Equivalents
TVS Credit Services Limited CRISIL AA 2.65%
Exit Load2: • Units redeemed or switched AA+ & Equivalent AA- & Below Reverse Repos/ TREPS
out are upto 10% of the units purchased or Delhi International Airport ICRA AA- 2.63%
switched in (“the limit”) within 2 years from Limited Alternative Investment Funds (AIF) Net Current Assets

the date of allotment – Nil IIFL Finance Limited CRISIL AA 2.08%

• Units redeemed or switched out are over IndoStar Capital Finance CRISIL AA- 1.73% PRC Matrix
and above the limit within 1 year from the Limited
date of allotment –3%. Tata power Company Limited CARE AA+ 0.94% Potential Risk Class
• Units redeemed or switched on or after 1
year upto 2 years from the date of allotment Securitised Debt Amort 6.73% Credit Risk → Relatively Relatively
–2%. Moderate
Dhruva XXIV (PTC of pools Interest Rate Low High
• Units redeemed or switched on or after 2 from Five-Star Business ICRA AAA(SO) 3.66% (Class B)
Risk ↓ (Class A) (Class C)
years from the date of allotment –Nil Finance Limited)
Vajra 011 Trust (PTC of pools
from Veritas Finance Private ICRA AAA(SO) 3.07% Relatively Low
Month End Total Expenses Ratios Limited) (Class I)
(Annualized)2 Government Securities 20.66% Moderate
Regular3 1.68% 7.18% GOI 14AUG2033 GSEC SOVEREIGN 8.17% (Class II)
Direct 0.86% 7.32% GOI 13NOV2030 SOVEREIGN 8.06% Relatively High
C-III
7.18% GOI 24-Jul-2037 SOVEREIGN 2.64% (Class III)
7.10% GOI 08-Apr-2034 SOVEREIGN 1.79% Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
risk (measured by Macaulay Duration of the scheme) and maximum credit
Alternative Investment Funds 0.27% risk (measured by Credit Risk Value of the scheme) the fund manager can
1
in multiples of Re 1 thereafter. (AIF) take in the scheme. PRC matrix classification is done in accordance with
TER Annualized TER including GST on Investment
2
CDMDF CLASS A2 AIF 0.27% and subject to the methodology/guidelines prescribed by SEBI to help
Management Fees investors take informed decision based on the maximum interest rate risk
Cash Equivalent 0.67% and maximum credit risk the fund manager can take in the scheme, as
3
Continuing plans
TREPS* 0.84% depicted in the PRC matrix.
4
As per clause 1.9 of the SEBI Master Circular for Mutual
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 Net Current Assets: -0.17%
dated June 27, 2024, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ Total Net Assets as on 31-January-2025 100.00%
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.
Restriction on fresh/additional subscription through
any investment mode such as lumpsum investment,
switches, etc. and/or fresh enrolment of facilities
such as SIP, STP facility etc. under HSBC Credit Risk
Fund upto a limit of INR 5 lakhs per month per PAN
with effect from November 1, 2023 (effective date), till
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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Generation of regular returns and capital appreciation over medium to long term
to te H
a Ri i
er k • An open ended debt scheme predominantly investing in AA and below rated corporate bonds. The scheme may also invest
Mo Low

gh

s
d

sk

in various debt securities, government securities and money market instruments, REITs and InvITs
Ri

Ver isk

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

y High
R
Risk

The risk of the scheme is 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.

46
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 97.83% YTM$ 7.03%
Benchmark: NIFTY All Duration G-Sec 7.09% GOI 05AUG2054 SOVEREIGN 25.97% Average Maturity 23.34 Years
Index5
6.79% GOI 07OCT2034 GSEC SOVEREIGN 15.76%
NAV (as on 31.01.25) Modified Duration 10.06 Years
7.34% GOI 22APR2064 SOVEREIGN 14.39%
Growth ₹ 64.1735 Macaulay Duration 10.41 Years
7.30% GOI 19JUN53 SOVEREIGN 13.98%
Direct Growth ₹ 73.2230
7.18% GOI 24-Jul-2037 SOVEREIGN 13.81%
AUM (as on 31.01.25) ₹ 260.95 Cr.
Rating Profile
AAUM (for the month 7.10% GOI 08-Apr-2034 SOVEREIGN 10.02%
₹ 262.14 Cr.
of Jan) 7.09% GOI 25NOV74 G-SEC SOVEREIGN 3.90% 2.22% -0.05%
Fund Manager & Experience
Cash Equivalent 2.17%
Mohd Asif Rizwi (Fixed Income)
Total Experience 15 Years TREPS* 2.22%
Managing this fund Since May 1, 2024
Net Current Assets: -0.05%
Shriram Ramanathan (Fixed Income)
Total Experience 24 Years Total Net Assets as on 31-January-2025 100.00%
Managing this fund Since April 03, 2017 *TREPS : Tri-Party Repo fully collateralized by G-Sec
Minimum Investment1 97.83%

Lumpsum ₹ 5,000
SIP## Please refer page 79 SOVEREIGN Reverse Repos/ TREPS
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 1.69%
Direct 0.47% 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/2024/90 Moderate
dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
to te
Ri isk
H • Generation of returns over medium to long term
a Ri i
er k
Mo Low

• The Scheme as per the asset allocation pattern has to invest a minimum of 80% in Government Securities and Treasury
gh

s
d

sk
Ri

bills.
Ver isk

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

y High
R
Risk

The risk of the scheme is Moderate 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.

47
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 21.83% YTM$ 6.97%
Benchmark: NIFTY 50 Hybrid Composite Zomato Limited Retailing 2.92%
Debt 15:85 Index5 Average Maturity 14.44 Years
Trent Limited Retailing 2.06%
NAV (as on 31.01.25) Transformers And Rectifiers (India)
Electrical Equipment 1.77% Modified Duration 7.84 Years
Limited
Growth ₹ 58.6067
GE Vernova T&D India Limited Electrical Equipment 1.66%
Direct Growth ₹ 65.3176 Macaulay Duration^ 8.12 Years
Siemens Limited Electrical Equipment 1.01%
AUM (as on 31.01.25) ₹ 150.95 Cr.
KEI Industries Limited Industrial Products 0.83%
AAUM (for the month Persistent Systems Limited IT - Software 0.80%
₹ 150.50 Cr. Industry Allocation
of Jan)
Safari Industries India Limited Consumer Durables 0.70%
Fund Manager & Experience TD Power Systems Limited Electrical Equipment 0.69%
Government Securities 71.03%
Mahesh Chhabria (Fixed Income) The Indian Hotels Company Limited Leisure Services 0.64%
Electrical Equipment 7.16%
Total Experience 14.5 Years Fertilizers &
Paradeep Phosphates Limited 0.64% Retailing
Managing this fund Since Jul 15,2023 Agrochemicals 5.19%

Mohd. Asif Rizwi (Fixed Income) Kaynes Technology India Ltd Industrial Manufacturing 0.64% Reverse Repos/TREPS 3.70%

Total Experience 15.5 Years CG Power and Industrial Solutions Debt Instrument 3.15%
Electrical Equipment 0.63%
Limited
Managing this fund Since Feb 01, 2025 Industrial Products 1.42%
Universal Cables Limited Industrial Products 0.59%
Cheenu Gupta (Equity) IT - Software 1.23%
Larsen & Toubro Limited Construction 0.59%
Total Experience 17 Years Construction 0.95%
Medi Assist Healthcare Services
Managing this fund Since Nov 26,2022 Limited
Insurance 0.59% Realty 0.89%
Abhishek Gupta (Equity) Bharat Electronics Limited Aerospace & Defense 0.58% Consumer Durables 0.70%
Total Experience 19 Years ICICI Bank Limited Banks 0.58% Industrial Manufacturing 0.64%
Managing this fund Since Apr 1,2024 ABB India Limited Electrical Equipment 0.52% Fertilizers & Agrochemicals 0.64%
Sonal Gupta (Overseas Investments) Sobha Limited Realty 0.50% Leisure Services 0.64%
Total Experience 20 Years Cholamandalam Investment & Banks 0.62%
Finance 0.49%
Managing this fund Since Dec, 2023 Finance Company Limited
Insurance 0.59%
Lumpsum ₹ 5,000 Triveni Turbine Limited Electrical Equipment 0.44%
Finance 0.58%
SIP## Please refer page 79 Suzlon Energy Limited Electrical Equipment 0.44%
Aerospace & Defense 0.58%
Godrej Properties Limited Realty 0.39%
Additional Purchase ₹ 1,000 AIF 0.26%
Power Mech Projects Limited Construction 0.36%
Entry Load: “NA” Net Current Assets 0.04%
KPIT Technologies Limited IT - Software 0.28%
Exit Load: Nil Aditya Vision Limited Retailing 0.21%
Month End Total Expenses Ratios Infosys Limited IT - Software 0.15%
(Annualized)2 Portfolio Classification By Market Segment Class (%)
Sundaram Finance Limited Finance 0.09%
Regular3 2.17% HDFC Bank Limited Banks 0.04% 5.77%
Direct 1.34% 6.49%
Money Market Instruments
^The Macaulay duration is the weighted average term
to maturity of the cash flows from a bond. The weight Certificate of Deposit 3.15%
of each cash flow is determined by dividing the present Axis Bank Limited CRISIL A1+ 3.15%
value of the cash flow by the price. 9.57%
Government Securities 71.03%
1
in multiples of Re 1 thereafter.
TER Annualized TER including GST on Investment
2 7.18% GOI 24-Jul-2037 SOVEREIGN 17.05%
Management Fees 6.79% GOI 07OCT2034 GSEC SOVEREIGN 17.03%
3
Continuing plans 7.09% GOI 05AUG2054 SOVEREIGN 10.36%
4
As per clause 1.9 of the SEBI Master Circular for Mutual 7.30% GOI 19JUN53 SOVEREIGN 10.36%
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 78.17%
7.10% GOI 08-Apr-2034 SOVEREIGN 6.93%
dated June 27, 2024, on ‘Guiding Principles for bringing
uniformity in Benchmarks of Mutual Fund Schemes’ 7.32% GOI 13NOV2030 SOVEREIGN 3.47%
has introduced two-tiered structure for benchmarking 7.10% GOI 18APR29 SOVEREIGN 3.43%
of certain categories of schemes. Accordingly, the Debt Large Cap Small Cap
benchmark has been classified as Tier 1 benchmark. 7.06% GOI 10APR28 SOVEREIGN 2.06%
Furthermore, the same is effective from 01 December 7.17% GOI 08JAN28 SOVEREIGN 0.34% Mid Cap
2021.
Alternative Investment Funds (AIF) 0.26%
$
YTM is annualized.
CDMDF CLASS A2 AIF 0.26% Rating Profile
Cash Equivalent 3.73%
TREPS* 3.70% SOVEREIGN 71.03%
Net Current Assets: 0.03% Reverse
Total Net Assets as on 31-January-2025 100.00% Repos/TREPS 3.70%
*TREPS : Tri-Party Repo fully collateralized by G-Sec AAA / A1+ and
Equivalents 3.15%
Net Current
Assets 0.03%

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Capital appreciation over medium to long term
to te H
a Ri i
er k • Investment in fixed income (debt and money market instruments) as well as equity and equity related securities
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is 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.

48
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 99.01% YTM$ 6.88%
Benchmark: CRISIL IBX 50:50 Gilt Plus SDL
Index - April 20285 7.06% GOI 10APR28 SOVEREIGN 28.17% Average Maturity 2.97 Years
7.38% GOI 20JUN2027 SOVEREIGN 8.30%
NAV (as on 31.01.25)
7.36% MAHARASHTRA 12APR28 Modified Duration 2.59 Years
Growth ₹ 11.9504 SOVEREIGN 8.02%
SDL
Direct Growth ₹ 12.0189 8.05% GUJARAT SDL 31JAN2028 SOVEREIGN 6.27% Macaulay Duration^ 2.68 Years

AUM (as on 31.01.25) ₹ 1,890.59 Cr. 8.05% TAMILNADU SDL 18APR2028 SOVEREIGN 6.03%
AAUM (for the month 7.17% GOI 08JAN28 SOVEREIGN 5.39% Rating Profile
₹ 1886.13 Cr.
of Jan) 6.97% KARNATAKA 26FEB2028 SDL SOVEREIGN 4.64%
1.06% -0.07%
Fund Manager & Experience 6.97% MAHARASHTRA 18FEB2028
SOVEREIGN 3.01%
Mahesh Chhabria (Fixed Income) SDL
8.28% GOI 21SEP27 SOVEREIGN 2.83%
Total Experience 14.5 Years
Managing this fund Since Jul 15, 2023 6.98% MAHARASHTRA 26FEB2028
SOVEREIGN 2.73%
SDL
Mohd. Asif Rizwi (Fixed Income) 7.88% MADHYA PRADESH 24JAN28
Total Experience 15.5 Years SOVEREIGN 2.72%
SDL
Managing this fund Since Feb 01, 2025 8.26% GOI 02AUG2027 SOVEREIGN 2.00% 99.01%
Minimum Investment1 08.23 GUJARAT SDL 21FEB2028 SOVEREIGN 1.42%
Lumpsum ₹ 5,000 8.28% TAMILNADU SDL 14MAR2028 SOVEREIGN 1.41%
SOVEREIGN Reverse Repos/ TREPS
SIP## Please refer page 79 8.27% UTTARPRADESH
SOVEREIGN 1.41%
Additional Purchase ₹ 1,000 SDL14MAR2028 Net Current Assets
8.00% SDL-KERALA M- 11-APR-
Entry Load: “NA” SOVEREIGN 1.39%
2028
Exit Load: Nil 8.20% HARYANA 31JAN28 SDL SOVEREIGN 1.37%
Month End Total Expenses Ratios 7.92% UTTAR PRADESH 24JAN2028
SOVEREIGN 1.36% PRC Matrix
(Annualized)2 SDL
Regular3 0.43% 7.77% ANDHRA PRADESH SDL RED Potential Risk Class
SOVEREIGN 1.36%
Direct 0.23% 10-JAN-2028
Credit Risk → Relatively Relatively
6.79% GOI 15MAY2027 SOVEREIGN 1.35% Moderate
Tracking Difference Low High
8.14% HARYANA 27MAR28 SDL SOVEREIGN 1.20% Interest Rate (Class B)
Regular -0.35% Risk ↓ (Class A) (Class C)
8.00% KARNATAKA SDL RED 17-
Direct -0.14% SOVEREIGN 1.09%
JAN-2028 Relatively Low
As the scheme has not completed 3 years Tracking 7.79% KARNATAKA 03Jan2028 SDL SOVEREIGN 1.09% (Class I)
Error data not been provided.
^The Macaulay duration is the weighted average term
7.75% GUJARAT 10JAN28 SDL SOVEREIGN 1.09% Moderate
to maturity of the cash flows from a bond. The weight 8.14% SDL Uttarakhand 27Mar2028 SOVEREIGN 0.84% (Class II)
of each cash flow is determined by dividing the present
value of the cash flow by the price. 8.03% KARNATAKA SDL 31JAN2028 SOVEREIGN 0.82% Relatively High
A-III
1
in multiples of Re 1 thereafter. 8.15% CHHATTISGARH 27MAR28 (Class III)
SOVEREIGN 0.56%
SDL Potential Risk Class (‘PRC’) matrix indicates the maximum interest rate
TER Annualized TER including GST on Investment
2

Management Fees 7.50% TELANGANA SDL RED risk (measured by Macaulay Duration of the scheme) and maximum credit
SOVEREIGN 0.55%
15-APR-2028 risk (measured by Credit Risk Value of the scheme) the fund manager can
3
Continuing plans
7.59% Uttarakhand 25 Oct 2027 SDL SOVEREIGN 0.55% 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 and subject to the methodology/guidelines prescribed by SEBI to help
Funds no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 7.64% KARNATAKA SDL RED 08- investors take informed decision based on the maximum interest rate risk
SOVEREIGN 0.04%
dated June 27, 2024, on ‘Guiding Principles for bringing NOV-2027 and maximum credit risk the fund manager can take in the scheme, as
uniformity in Benchmarks of Mutual Fund Schemes’ Cash Equivalent 0.99% depicted in the PRC matrix.
has introduced two-tiered structure for benchmarking
of certain categories of schemes. Accordingly, the TREPS* 1.06%
benchmark has been classified as Tier 1 benchmark.
Net Current Assets: -0.07%
Furthermore, the same is effective from 01 December
2021. Total Net Assets as on 31-January-2025 100.00%
$
YTM is annualized. *TREPS : Tri-Party Repo fully collateralized by G-Sec

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Income over target maturity period
to te H
a Ri i
er k • The Scheme shall predominantly track the performance of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is Low to Moderate 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.

49
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

Issuer Rating Rating Profile
Assets
Date of Allotment 23-Mar-23
Government Securities 98.80%
Benchmark: CRISIL-IBX Gilt Index - June 1.27%
20275 7.38% GOI 20JUN2027 SOVEREIGN 77.37%
8.24% GOI 15FEB27 SOVEREIGN 10.97%
NAV (as on 31.01.25)
6.79% GOI 15MAY2027 SOVEREIGN 10.46%
Growth ₹ 11.4520 -0.07%
Cash Equivalent 1.20%
Direct Growth ₹ 11.5118
TREPS* 1.27%
AUM (as on 31.01.25) ₹ 194.80 Cr.
Net Current Assets: -0.07%
AAUM (for the month
₹ 194.95 Cr. Total Net Assets as on 31-January-2025 100.00% 98.80%
of Jan)
*TREPS : Tri-Party Repo fully collateralized by G-Sec
Fund Manager & Experience
SOVEREIGN Reverse Repos/ TREPS
Mahesh Chhabria (Fixed Income)
Net Current Assets
Total Experience 14.5 Years Quantitative Data
Managing this fund Since Jul 15, 2023
Mohd. Asif Rizwi (Fixed Income) YTM$ 6.71%
Total Experience 15.5 Years Average Maturity 2.30 Years PRC Matrix
Managing this fund Since Feb 01, 2025
Modified Duration 2.08 Years Potential Risk Class
Minimum Investment1
Lumpsum ₹ 5,000 Credit Risk → Relatively Relatively
Macaulay Duration^ 2.14 Years Moderate
SIP## Please refer page 79 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 -0.42% 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 -0.12% 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/2024/90
dated June 27, 2024, 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.

Modera
This product is suitable for investors who are seeking*:
derate t
Mo sk High R ely
Ri isk • Income over target maturity period
to te H
a Ri i
er k • The Scheme shall predominantly track the performance of CRISIL IBX Gilt Index – June 2027
Mo Low

gh

s
d

sk
Ri

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

y High
R
Risk

The risk of the scheme is Low to Moderate 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.

50
Equity Fund Snapshot as on 31st January, 2025

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

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

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

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

Neelotpal Sahai, Cheenu Gupta, Abhishek Gupta, Neelotpal Sahai,

Cheenu Gupta, Venugopal Manghat, Gautam
Venugopal Manghat, Cheenu Gupta,
Fund Manager Gautam Bhupal, Abhishek Gupta Venugopal Manghat, Venugopal Manghat, Cheenu Gupta, Bhupal,
Sonal Gupta
Sonal Gupta Sonal Gupta Sonal Gupta Sonal Gupta Sonal Gupta
Sonal Gupta

NAV (Regular Option) 451.7527 24.7602 352.1413 78.1329 202.7874 23.4051 44.4153

Monthly AUM (` in cr.) 1,827.54 3,873.33 10,752.86 15,453.03 4,680.33 1,627.93 2,305.66

Value of ` 100,000
invested in scheme 47,70,104 2,43,557 34,97,907 7,34,042 24,70,848 2,20,668 4,50,930
since inception

Market Cap
(% to Equity Holdings) 0.89% 2.60% 2.44%
1.45% 1.84%
3.72% 1.82%
Others 4.90% 12.89% 7.78%
12.45%
8.66% 13.16%
Debt 21.01% 22.23%
20.58%
20.03%
Small Cap
Mid Cap 40.29% 22.71%
33.79%
Large Cap
35.20%
As per the latest Market
Capitalisation data provided 84.99%
by AMFI 66.63% 72.67%
(In line with the applicable 52.62%
44.98% 51.23%
SEBI guidelines) 36.44%

Top 5 Sectors Electrical Industrial

Banks 21% IT - Software 13% 15% 15% Banks 14% Banks 14% Construction 15%
Equipment Products
Electrical Industrial
IT - Software 14% 12% Capital Markets 12% Capital Markets 9% IT - Software 13% IT - Software 11% 12%
Equipment Products
Pharmaceuticals Consumer Consumer Pharmaceuticals Electrical
5% Capital Markets 10% 10% 7% Finance 6% 10% 11%
& Biotechnology Durables Durables & Biotechnology Equipment
Aerospace & Pharmaceuticals Consumer Aerospace &
5% Retailing 9% IT - Software 9% Construction 7% 5% 9% 9%
Defense & Biotechnology Durables Defense
Petroleum Pharmaceuticals Electrical Healthcare
5% Banks 8% Retailing 7% 7% 4% 5% Power 8%
Products & Biotechnology Equipment Services

Standard Deviation 13.38% 15.73% 15.88% 16.70% 13.38% 13.97% 16.21%

Beta (Slope) 0.93 0.94 0.87 0.80 0.90 0.91 0.83

Sharpe Ratio** 0.46 0.65 0.80 0.72 0.75 0.44 0.96

R 2
0.92% 0.78% 0.83% 0.92% 0.91% 0.85% 0.66%

Total Expense Ratio^

2.14% 1.93% 1.74% 1.69% 1.94% 2.11% 2.05%
(Regular)

Total Expense Ratio^

1.21% 0.89% 0.69% 0.67% 1.17% 0.91% 1.01%
(Direct)

**Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on January 31, 2025) 51

Equity Fund Snapshot as on 31st January, 2025

HSBC Multi Asset Allocation

Scheme Name HSBC Business Cycles Fund HSBC Value Fund HSBC Multi Cap Fund HSBC Nifty 50 Index Fund HSBC Nifty Next 50 Index Fund HSBC Aggressive Hybrid Fund
Fund

Category Thematic Value Fund Multi Cap Index Funds Index Funds Aggressive Hybrid Fund Multi Asset Allocation

Date of Allotment 20-Aug-14 08-Jan-10 30-Jan-23 15-Apr-20 15-Apr-20 07-Feb-11 28-Feb-24

BSE 200 TRI (65%) + NIFTY

Short Duration Debt Index
NIFTY 50 Hybrid Composite Debt
Benchmark Nifty 500 TRI Nifty 500 TRI NIFTY 500 Multicap [Link] TRI Nifty 50 TRI Nifty Next 50 TRI (20%) +Domestic Price of Gold
65:35 Index
(10%)+Domestic Price of Silver
(5%)

Cheenu Gupta, Mahesh Chhabria,

Venugopal Manghat, Gautam Cheenu Gupta,
Gautam Bhupal, Venugopal Manghat, Gautam Praveen Ayathan, Praveen Ayathan, Mohd. Asif Rizwi,
Bhupal, Gautam Bhupal, Shriram
Fund Manager Venugopal Manghat, Bhupal, Dipan S. Parikh,
Mahesh Chhabria, Rajeesh Nair Rajeesh Nair Ramanathan, Mohd. Asif Rizwi,
Sonal Gupta Sonal Gupta Sonal Gupta
Sonal Gupta Sonal Gupta

NAV (Regular Option) 39.2392 101.3216 17.2896 26.9524 26.9707 51.5078 11.0408

Monthly AUM (` in cr.) 958.69 12,848.97 4,253.86 292.73 124.26 5,282.44 2,069.49

Value of ` 100,000 invested in

3,92,392 10,13,216 1,72,896 2,69,524 2,69,707 5,17,256 --
scheme since inception

Market Cap
(% to Equity Holdings)
3.25% 1.49% 0.06%
Others 1.87% 11.49% 4.33%
1.27%
Debt 11.25% 16.90% 17.05% 11.50%
Small Cap 26.48%
Mid Cap 15.12%
Large Cap 21.86%
Gold ETF 41.16% 38.30% 16.90%
29.32%
Silver ETF
98.67% 88.54% 24.65%
As per the latest Market Capitalisation 23.60%
data provided by AMFI
(In line with the applicable SEBI 42.33%
44.34% 43.31%
guidelines) 36.44% 28.55%
-0.03%

Top 5 Sectors Electrical Electrical

Construction 12% Banks 21% IT - Software 12% Banks 29% Finance 14% 13% 12%
Equipment Equipment

Banks 11% IT - Software 13% Banks 11% IT - Software 14% Retailing 12% Finance 12% Gold ETF 11%

Pharmaceuticals Petroleum
Capital Markets 10% Construction 7% 8% 9% Power 9% IT - Software 10% Retailing 9%
& Biotechnology Products
Consumer Electrical Government
6% Finance 6% 6% Automobiles 8% Banks 6% 9% Finance 8%
Durables Equipment Securities
Diversified Pharmaceuticals
Retailing 6% Realty 4% Finance 6% 6% 6% Banks 9% Capital Markets 8%
FMCG & Biotechnology
Standard Deviation 15.53% 14.33% -- 12.70% 18.71% 11.68% --
Beta (Slope) 0.98 0.95 -- 0.97 0.97 1.08 --
Sharpe Ratio** 0.81 0.89 -- 0.39 0.49 0.43 --
R2 0.80% 0.88% -- 1.00% 1.00% 0.67% --
Total Expense Ratio^ (Regular) 2.28% 1.73% 1.87% 0.45% 0.80% 1.87% 1.87%
Total Expense Ratio^ (Direct) 1.16% 0.79% 0.60% 0.20% 0.35% 0.83% 0.51%

**Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on January 31, 2025)

52
Equity Fund Snapshot as on 31st January, 2025

Scheme Name HSBC Balanced Advantage Fund HSBC Equity Savings Fund HSBC Arbitrage Fund HSBC ELSS Tax saver Fund HSBC Consumption Fund HSBC India Export Opportunities Fund

Dynamic Asset Allocation or Balanced

Category Equity Savings Arbitrage Fund ELSS Thematic Fund Thematic Fund
Advantage
Date of Allotment 07-Feb-11 18-Oct-11 30-Jun-14 27-Feb-06 31-Aug-23 25-Sep-24
Nifty 50 Hybrid composite debt 50:50
Benchmark NIFTY Equity Savings Index Nifty 50 Arbitrage Index Nifty 500 TRI Nifty India Consumption Index TRI Nifty 500 TRI
Index

Neelotpal Sahai, Mahesh Chhabria,

Cheenu Gupta, Mahesh Chhabria, Mohd. Praveen Ayathan, Mahesh Chhabria, Abhishek Gupta, Gautam Bhupal, Abhishek Gupta, Siddharth Vora,
Mohd. Asif Rizwi, Gautam Bhupal,
Fund Manager Asif Rizwi, Abhishek Gupta, Praveen Gautam Bhupal, Anish Gonka,
Praveen Ayathan, Hitesh Gondhia*, Hitesh Gondhia, Mohd. Asif Rizwi Sonal Gupta
Ayathan, Hitesh Gondhia, Sonal Gupta Sonal Gupta Sonal Gupta
Sonal Gupta

NAV (Regular Option) 41.4722 31.6453 18.4907 125.1445 13.5983 9.3826

Monthly AUM (` in cr.) 1,484.41 645.87 2,225.37 3,977.42 1,480.05 1,747.25

Value of ` 100,000 invested in

4,14,722 3,16,453 1,84,907 12,51,445 1,35,983 93,826
scheme since inception

Market Cap
(% to Equity Holdings)
0.67% 3.87%
Others 3.15%
10.92% 10.09% 0.86%
Debt 12.02% 1.04%
23.40% 17.04%
Small Cap 16.52% 19.32%
17.51%
Mid Cap 27.89%
Large Cap
Gold ETF 23.80% 26.02%
37.97%
33.49% 33.17%
Silver ETF
30.33%
As per the latest Market Capitalisation
data provided by AMFI
(In line with the applicable SEBI 49.59% 49.91%
36.98% 40.26%
guidelines) 30.86% 43.32%

Top 5 Sectors Consumer

Finance 23% Banks 23% Banks 36% Banks 15% 20% IT - Software 15%
Durables
Government Internal - Mutual Pharmaceuticals &
Banks 14% 17% 19% IT - Software 11% Retailing 15% 11%
Securities Fund Units Biotechnology
Government Electrical
13% Finance 12% Finance 7% 9% Beverages 9% Automobiles 7%
Securities Equipment
Pharmaceuticals &
7% Capital Markets 8% Petroleum Products 5% Finance 6% Leisure Services 6% Textiles & Apparels 6%
Biotechnology
Electrical Pharmaceuticals & Consumer Electrical
IT - Software 6% 6% 4% 5% Telecom - Services 6% 5%
Equipment Biotechnology Durables Equipment
Standard Deviation 6.56% 7.03% 0.61% 14.55% -- --

Beta (Slope) 0.76 0.84 0.70 0.95 -- --

Sharpe Ratio** 0.54 0.61 -1.02 0.66 -- --

R2 0.67% 0.31% 0.68% 0.87% -- --

Total Expense Ratio^ (Regular) 2.12% 1.51% 0.92% 1.91% 2.11% 2.07%

Total Expense Ratio^ (Direct) 0.78% 0.61% 0.25% 1.12% 0.74% 0.65%

**Risk free rate: 6.65% (FIMMDA-NSE Mibor) as on January 31, 2025)

53
Debt Fund Snapshot as on 31st January, 2025

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

Mahesh Chhabria, Mahesh Chhabria, Shriram Ramanathan, Mohd. Asif Rizwi, Mahesh Chhabria,
Fund Manager Mahesh Chhabria Mahesh Chhabria Shriram Ramanathan
Shriram Ramanathan Shriram Ramanathan Mohd Asif Rizwi Shriram Ramanathan Mohd. Asif Rizwi

NAV (Regular Option) 1312.7647 2530.3379 25.5445 1311.5859 27.3849 70.2795 23.325 27.7615

Monthly AUM (` in cr.) 3086.96 Cr 22670.08 Cr 2456.27 Cr 2625.45 Cr 538.02 Cr 5826.55 Cr 4128.58 Cr 583.92 Cr

Average Maturity of Portfolio 3.35 Days 41.98 Days 198.62 Days 5.93 Months 13.39 Months 3.5 Years 2.28 Years 3.03 Years

Modified Duration of Portfolio 3.35 Days 39.24 Days 185.24 Days 5.3 Months 10.42 Months 2.91 Years 1.91 Years 2.28 Years

Macaulay Duration of
3.35 Days 41.98 Days 198.62 Days 5.68 Months 11.12 Months 3.08 Years 2.02 Years 2.4 Years
Portfolio

Yield To Maturity 6.64% 7.25% 7.50% 7.47% 7.72% 7.29% 7.41% 8.14%

Rating Profile

SOVEREIGN 0.23% 0.19% 0.26% 0.85% 0.26% 0.34% 3.11% 0.27%

4.36% 4.78% 0.27% 4.06% 1.37% 0.84%
15.52% 14.42% 11.28%
AAA and equivalents 16.26% 11.59% 19.21% 18.12%
10.49%
AA and equivalents (AA+, AA, AA-) 20.66%

Reverse Repos/ TREPS

Net Current Assets

95.41% 83.84% 85.08%
80.78% 79.62% 80.43%
Alternative Investment Funds (AIF) 74.62%
67.11%
Equity

-2.01% 0.46% -0.62% -1.02% -0.54% - 0.31% -0.16%

- 0.08% 1.97%

Total Expense Ratio

0.16% 0.22% 0.41% 0.48% 1.08% 0.64% 0.61% 1.68%
(Regular)

Total Expense Ratio

0.06% 0.12% 0.21% 0.22% 0.38% 0.30% 0.23% 0.86%
(Direct)

54
Debt Fund Snapshot as on 31st January, 2025

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 SDL 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,
Mohd. Asif Rizwi,
Mohd Asif Rizwi, Mohd. Asif Rizwi, Mahesh Chhabria, Mohd Asif Rizwi, Mahesh Chhabria, Mahesh Chhabria,
Fund Manager Shriram Ramanathan Cheenu Gupta,
Shriram Ramanathan Shriram Ramanathan Shriram Ramanathan Shriram Ramanathan Mohd. Asif Rizwi Mohd. Asif Rizwi
Abhishek Gupta,
Sonal Gupta

NAV (Regular Option) 25.45 19.6346 40.7026 28.578 64.1735 58.6067 11.9504 11.452

Monthly AUM (` in cr.) 3712.11 Cr 744.08 Cr 48.51 Cr 157.91 Cr 260.95 Cr 150.95 Cr 1890.59 Cr 194.8 Cr

Average Maturity of Portfolio 3.6 Years 5.6 Years 10.34 Years 18.32 Years 23.34 Years 14.44 Years 2.97 Years 2.3 Years

Modified Duration of Portfolio 2.82 Years 3.79 Years 6.5 Years 8.73 Years 10.06 Years 7.84 Years 2.59 Years 2.08 Years

Macaulay Duration of
2.96 Years 3.95 Years 6.74 Years 9.05 Years 10.41 Years 8.12 Years 2.68 Years 2.14 Years
Portfolio

Yield To Maturity 7.37% 7.77% 6.91% 7.03% 7.03% 6.97% 6.88% 6.71%

Rating Profile
0.70% 0.39% 0.28% 0.37% 2.22% 1.06% 1.27%
0.27% 0.29% 1.06% 3.15% 0.03%
SOVEREIGN 6.12%
9.81% 3.70%
21.02% 8.44%
16.55%
AAA and equivalents 29.85%

AA and equivalents (AA+, AA, AA-) 32%

Reverse Repos/ TREPS 85.33% 99.01% 98.80%

97.83% 71.03%
88.78%
Net Current Assets
69.43%
Alternative Investment Funds (AIF) 46.16%

Equity
- 0.13% -0.17% -0.02% - 0.05% -0.07% -0.07%

Total Expense Ratio

0.75% 1.09% 1.90% 0.77% 1.69% 2.17% 0.43% 0.45%
(Regular)

Total Expense Ratio

0.27% 0.39% 0.67% 0.19% 0.47% 1.34% 0.23% 0.17%
(Direct)

55
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 540000
Market Value as on January 31, 2025 (₹) 1,17,966 4,56,327 NA 7,62,681
Scheme Returns (%) -3.12 15.99 NA 15.38
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 NA 7,92,203
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 NA 17.11
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 NA 7,47,120
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 NA 14.44

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 2510000
Market Value as on January 31, 2025 (₹) 1,18,893 4,84,200 9,96,028 1,46,14,414
Scheme Returns (%) -1.70 20.19 20.36 14.69
NIFTY 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 1,35,74,789
NIFTY 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 14.12
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 1,23,68,832
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.40

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 700000
Market Value as on January 31, 2025 (₹) 1,17,660 4,84,395 9,99,831 12,45,935
Scheme Returns (%) -3.58 20.21 20.52 19.66
NIFTY Large Midcap 250 TRI - Scheme Benchmark (₹) 1,18,710 4,76,317 10,27,237 12,99,630
NIFTY Large Midcap 250 TRI - Scheme Benchmark Returns (%) -1.98 19.01 21.63 21.12
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 11,11,992
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 15.74

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 2650000
Market Value as on January 31, 2025 (₹) 1,18,846 4,51,807 9,01,237 1,61,71,377
Scheme Returns (%) -1.77 15.29 16.26 14.20
Nifty 100 TRI - Scheme Benchmark (₹) 1,18,512 4,43,119 9,03,596 NA
Nifty 100 TRI - Scheme Benchmark Returns (%) -2.28 13.94 16.37 NA
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 1,59,00,551
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 14.08

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 2450000
Market Value as on January 31, 2025 (₹) 1,17,038 5,06,145 10,57,532 1,87,01,573
Scheme Returns (%) -4.53 23.38 22.83 17.20
Nifty Midcap 150 TRI - Scheme Benchmark (₹) 1,18,776 5,11,062 11,64,934 NA
Nifty Midcap 150 TRI - Scheme Benchmark Returns (%) -1.88 24.08 26.86 NA
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 1,12,75,372
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.20

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 1670000
Market Value as on January 31, 2025 (₹) 1,18,461 4,45,925 8,63,817 43,57,966
Scheme Returns (%) -2.36 14.38 14.54 12.81
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark (₹) 1,21,876 4,27,793 8,27,290 40,81,950
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark Returns (%) 2.90 11.51 12.79 11.98
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 46,94,462
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.76

*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 and is not indicative of future results. 56
SIP Performance Equity Schemes - Regular Plan
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 240000
Market Value as on January 31, 2025 (₹) 1,17,410 NA NA 2,96,934
Scheme Returns (%) -3.96 NA NA 21.89
NIFTY 500 Multicap [Link] TRI - Scheme Benchmark (₹) 1,17,573 NA NA 2,84,461
NIFTY 500 Multicap [Link] TRI - Scheme Benchmark Returns (%) -3.72 NA NA 17.24
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 NA NA 2,71,557
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 NA NA 12.34

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 2070000
Market Value as on January 31, 2025 (₹) 1,14,253 5,17,429 12,02,909 85,37,722
Scheme Returns (%) -8.73 24.98 28.21 14.74
Nifty Infrastructure TRI - Scheme Benchmark (₹) 1,14,447 4,93,588 10,75,923 58,90,677
Nifty Infrastructure TRI - Scheme Benchmark Returns (%) -8.44 21.56 23.55 11.09
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 72,26,942
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.11

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 1280000
Market Value as on January 31, 2025 (₹) 1,15,154 4,90,566 12,09,207 39,33,312
Scheme Returns (%) -7.38 21.12 28.43 19.81
Nifty Smallcap 250 TRI - Scheme Benchmark (₹) 1,14,133 5,02,998 11,85,727 35,54,290
Nifty Smallcap 250 TRI - Scheme Benchmark Returns (%) -8.91 22.93 27.60 18.07
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 27,95,375
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.93

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 1250000
Market Value as on January 31, 2025 (₹) 1,18,150 4,97,384 10,69,376 29,45,359
Scheme Returns (%) -2.84 22.11 23.29 15.64
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 28,92,265
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.31
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 26,88,897
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 14.02

HSBC Consumption Fund Inception Date: 31 Aug 23

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 NA NA 170000
Market Value as on July 31, 2024 (₹) 1,21,300 NA NA 1,86,360
Scheme Returns (%) 2.01 NA NA 12.86
Nifty India Consumption TRI - Scheme Benchmark (₹) 1,21,650 NA NA 1,86,153
Nifty India Consumption TRI - Scheme Benchmark Returns (%) 2.55 NA NA 12.69
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 NA NA 1,79,701
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 NA NA 7.62

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 1800000
Market Value as on January 31, 2025 (₹) 1,18,173 5,07,720 11,17,283 82,54,166
Scheme Returns (%) -2.80 23.60 25.12 18.33
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 59,27,450
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 14.54
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 53,64,754
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.39

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 1270000
Market Value as on January 31, 2025 (₹) 1,24,515 3,99,807 6,98,448 17,33,552
Scheme Returns (%) 7.03 6.92 6.01 5.72
Nifty 50 Arbitrage Index - Scheme Benchmark (₹) 1,24,948 4,03,082 7,05,943 17,24,157
Nifty 50 Arbitrage Index - Scheme Benchmark Returns (%) 7.71 7.46 6.43 5.62
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 27,58,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.95
* 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 and is not indicative of future results. 57
SIP Performance Equity Schemes - Regular Plan
HSBC Multi Asset Allocation Fund Inception Date: 28 Feb 24
Scheme Name & Benchmarks 6 Months Since Inception
Total amount invested (₹) 60000 110000
Market Value as on January 31, 2025 (₹) 55,852 1,07,259
Scheme Returns (%) -22.09 -4.94
(BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) +Domestic Price of
58,575 1,11,367
Gold (10%)+Domestic Price of Silver (5%) - Scheme Benchmark (₹)"
(BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) +Domestic Price of
-7.99 2.50
Gold (10%)+Domestic Price of Silver (5%)- Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 57,337 1,09,036
Nifty 50 TRI - Additional Benchmark Returns (%) -14.59 -1.75

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 1670000
Market Value as on January 31, 2025 (₹) 1,21,874 4,31,594 7,92,295 35,91,192
Scheme Returns (%) 2.90 12.12 11.05 10.33
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark (₹) 1,22,654 4,22,610 7,98,984 38,10,414
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark Returns (%) 4.11 10.67 11.39 11.10
BSE Sensex TRI - Additional Benchmark (₹) 1,20,197 4,34,057 8,79,945 46,88,650
BSE Sensex TRI - Additional Benchmark Returns (%) 0.30 12.51 15.29 13.74

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 1590000
Market Value as on January 31, 2025 (₹) 1,22,066 4,36,906 8,29,827 31,15,977
Scheme Returns (%) 3.20 12.96 12.92 9.61
NIFTY Equity Savings Index - Scheme Benchmark (₹) 1,23,342 4,16,428 7,69,764 30,87,989
NIFTY Equity Savings Index - Scheme Benchmark Returns (%) 5.19 9.67 9.89 9.48
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,059 4,09,356 7,04,332 25,11,265
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.46 8.51 6.34 6.61

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 2270000
Market Value as on January 31, 2025 (₹) 1,21,000 4,88,626 9,92,725 1,05,39,421
Scheme Returns (%) 1.54 20.84 20.22 14.40
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 97,36,783
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 13.70
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 87,81,886
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 12.80

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 570000
Market Value as on January 31, 2025 (₹) 1,19,667 4,35,839 NA 8,10,262
Scheme Returns (%) -0.51 12.79 NA 14.80
Nifty 50 TRI - Scheme Benchmark (₹) 1,20,008 4,39,537 NA 8,22,926
Nifty 50 TRI - Scheme Benchmark Returns (%) 0.01 13.37 NA 15.47
BSE Sensex TRI - Additional Benchmark (₹) 1,20,197 4,34,057 NA 8,08,654
BSE Sensex TRI - Additional Benchmark Returns (%) 0.30 12.51 NA 14.72

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 570000
Market Value as on January 31, 2025 (₹) 1,11,449 4,68,112 NA 8,71,346
Scheme Returns (%) -12.90 17.78 NA 17.93
Nifty Next 50 TRI - Scheme Benchmark (₹) 1,12,166 4,76,723 NA 8,97,705
Nifty Next 50 TRI - Scheme Benchmark Returns (%) -11.84 19.08 NA 19.23
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 NA 8,22,926
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 NA 15.47

*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 and is not indicative of future results. 58
SIP Performance Equity Schemes - Regular Plan
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 2160000
Market Value as on January 31, 2025 (₹) 1,23,514 4,89,082 10,04,368 91,43,471
Scheme Returns (%) 5.46 20.90 20.70 14.33
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 87,18,978
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 13.89
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 78,42,858
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 12.90

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 460000

Market Value as on January 31, 2025 (₹) 1,25,667 4,09,815 NA 5,09,771

Scheme Returns (%) 8.85 8.59 NA 5.30

MSCI AC World Index TRI - Scheme Benchmark (₹) 1,35,374 4,90,301 NA 6,39,161

MSCI AC World Index TRI - Scheme Benchmark Returns (%) 24.53 21.09 NA 17.34

Nifty 50 TRI - Additional Benchmark (₹) 1,19,830 4,39,652 NA 5,89,776

Nifty 50 TRI - Additional Benchmark Returns (%) -0.26 13.40 NA 13.00

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 1310000
Market Value as on January 28, 2025 (₹) 1,26,432 4,20,952 7,28,977 20,43,201
Scheme Returns (%) 10.24 10.47 7.74 7.87
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark (₹) 1,28,436 4,26,310 7,25,296 20,87,932
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark Returns (%) 13.49 11.34 7.54 8.24
Nifty 50 TRI - Additional Benchmark (₹) 1,17,183 4,29,296 8,74,524 28,47,825
Nifty 50 TRI - Additional Benchmark Returns (%) -4.38 11.82 15.10 13.54

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 1640000
Market Value as on January 31, 2025 (₹) 1,16,039 3,51,126 5,88,827 14,90,799
Scheme Returns (%) -6.05 -1.61 -0.74 -1.40
MSCI Brazil 10/40 Index TRI - Scheme Benchmark (₹) 1,14,989 3,62,261 6,55,868 21,57,644
MSCI Brazil 10/40 Index TRI - Scheme Benchmark Returns (%) -7.63 0.41 3.51 3.90
Nifty 50 TRI - Additional Benchmark (₹) 1,19,830 4,39,607 8,96,107 45,48,425
Nifty 50 TRI - Additional Benchmark Returns (%) -0.26 13.39 16.04 13.85

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 2020000
Market Value as on January 28, 2025 (₹) 1,25,561 3,98,400 6,58,430 32,23,948
Scheme Returns (%) 8.83 6.72 3.68 5.30
MSCI Emerging Markets Index TRI - Scheme Benchmark (₹) 1,27,189 4,21,236 7,12,463 40,41,264
MSCI Emerging Markets Index TRI - Scheme Benchmark Returns (%) 11.46 10.52 6.82 7.72
Nifty 50 TRI - Additional Benchmark (₹) 1,17,183 4,29,296 8,74,370 67,99,405
Nifty 50 TRI - Additional Benchmark Returns (%) -4.38 11.82 15.09 13.10

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 1290000
Market Value as on January 31, 2025 (₹) 1,19,619 4,48,434 8,95,407 26,74,625
Scheme Returns (%) -0.59 14.77 16.00 12.93
A composite index with 80% weight to BSE 200 TRI and 20% weight to CRISIL
1,19,910 4,43,580 8,91,046 28,02,209
Composite Bond Index - Scheme Benchmark (₹)
A composite index with 80% weight to BSE 200 TRI and 20% weight to CRISIL
-0.14 14.01 15.80 13.73
Composite Bond Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

*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 and is not indicative of future results. 59
SIP Performance Equity Schemes - Regular Plan
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 1290000
Market Value as on January 31, 2025 (₹) 1,20,616 4,38,015 8,49,149 24,74,578
Scheme Returns (%) 0.95 13.14 13.85 11.59
CRISIL Hybrid 35+65 - Aggressive Fund Index - Scheme Benchmark (₹) 1,20,895 4,36,289 8,53,306 26,41,848
CRISIL Hybrid 35+65 - Aggressive Fund Index - Scheme Benchmark Returns (%) 1.38 12.86 14.05 12.71
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

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 1290000
Market Value as on January 31, 2025 (₹) 1,24,217 4,03,984 7,09,721 18,34,037
Scheme Returns (%) 6.56 7.62 6.65 6.35
A composite index with 10% weight to BSE 200 TRI and 90% weight to CRISIL
1,24,648 4,10,444 7,30,502 20,40,553
Composite Bond Index - Scheme Benchmark (₹)
A composite index with 10% weight to BSE 200 TRI and 90% weight to CRISIL
7.24 8.69 7.80 8.23
Composite Bond Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

Past performance may or may not be sustained in the future and is not indicative of future results. 60
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 540000
Market Value as on January 31, 2025 (₹) 1,18,761 4,65,248 NA 7,82,287
Scheme Returns (%) -1.90 17.35 NA 16.54
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 NA 7,92,203
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 NA 17.11
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 NA 7,47,120
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 NA 14.44

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 1440000
Market Value as on January 31, 2025 (₹) 1,19,404 4,90,781 10,19,668 39,27,018
Scheme Returns (%) -0.92 21.15 21.32 15.65
NIFTY 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 38,48,327
NIFTY 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.35
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 700000
Market Value as on January 31, 2025 (₹) 1,18,353 4,93,775 10,29,000 12,86,371
Scheme Returns (%) -2.53 21.59 21.70 20.76
NIFTY Large Midcap 250 TRI - Scheme Benchmark (₹) 1,18,710 4,76,317 10,27,237 12,99,630
NIFTY Large Midcap 250 TRI - Scheme Benchmark Returns (%) -1.98 19.01 21.63 21.12
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 11,11,992
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 15.74

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 1440000
Market Value as on January 31, 2025 (₹) 1,19,461 4,58,952 9,26,315 35,99,994
Scheme Returns (%) -0.83 16.39 17.38 14.35
Nifty 100 TRI - Scheme Benchmark (₹) 1,18,512 4,43,119 9,03,596 35,54,278
Nifty 100 TRI - Scheme Benchmark Returns (%) -2.28 13.94 16.37 14.15
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 1440000
Market Value as on January 31, 2025 (₹) 1,17,746 5,16,336 10,97,420 51,32,117
Scheme Returns (%) -3.45 24.83 24.37 19.65
Nifty Midcap 150 TRI - Scheme Benchmark (₹) 1,18,776 5,11,062 11,64,934 54,30,834
Nifty Midcap 150 TRI - Scheme Benchmark Returns (%) -1.88 24.08 26.86 20.49
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 1440000
Market Value as on January 31, 2025 (₹) 1,19,153 4,53,755 8,89,867 34,18,143
Scheme Returns (%) -1.30 15.59 15.75 13.57
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark (₹) 1,21,876 4,27,793 8,27,290 30,95,074
NIFTY 50 Hybrid Composite Debt 65:35 Index - Scheme Benchmark Returns (%) 2.90 11.51 12.79 12.06
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,10,678
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

*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 and is not indicative of future results. 61
SIP Performance Equity Schemes - Direct Plan
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 240000
Market Value as on January 31, 2025 (₹) 1,18,263 NA NA 3,01,582
Scheme Returns (%) -2.66 NA NA 23.61
NIFTY 500 Multicap [Link] TRI - Scheme Benchmark (₹) 1,17,573 NA NA 2,84,461
NIFTY 500 Multicap [Link] TRI - Scheme Benchmark Returns (%) -3.72 NA NA 17.24
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 NA NA 2,71,557
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 NA NA 12.34

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 1440000
Market Value as on January 31, 2025 (₹) 1,14,926 5,24,105 12,28,727 51,09,450
Scheme Returns (%) -7.72 25.92 29.10 19.58
Nifty Infrastructure TRI - Scheme Benchmark (₹) 1,14,447 4,93,588 10,75,923 37,99,476
Nifty Infrastructure TRI - Scheme Benchmark Returns (%) -8.44 21.56 23.55 15.16
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 1280000
Market Value as on January 31, 2025 (₹) 1,15,810 4,99,574 12,53,466 41,57,700
Scheme Returns (%) -6.39 22.43 29.94 20.76
Nifty Smallcap 250 TRI - Scheme Benchmark (₹) 1,14,133 5,02,998 11,85,727 35,54,290
Nifty Smallcap 250 TRI - Scheme Benchmark Returns (%) -8.91 22.93 27.60 18.07
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 27,95,375
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.93

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 1250000
Market Value as on January 31, 2025 (₹) 1,18,881 5,06,765 11,04,729 31,24,873
Scheme Returns (%) -1.72 23.47 24.65 16.68
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 28,92,265
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.31
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 26,88,897
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 14.02

HSBC Consumption Fund Inception Date: 31 Aug 23

Scheme Name & Benchmarks 1 Year 3 Years 5 Years Since Inception
Total amount invested (₹) 120000 NA NA 170000
Market Value as on July 31, 2024 (₹) 1,22,250 NA NA 1,88,446
Scheme Returns (%) 3.48 NA NA 14.50
Nifty India Consumption TRI - Scheme Benchmark (₹) 1,21,650 NA NA 1,86,153
Nifty India Consumption TRI - Scheme Benchmark Returns (%) 2.55 NA NA 12.69
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 NA NA 1,79,701
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 NA NA 7.62

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 1440000
Market Value as on January 31, 2025 (₹) 1,18,802 5,16,325 11,50,912 52,06,587
Scheme Returns (%) -1.84 24.83 26.36 19.86
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 38,48,327
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.35
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

* 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 and is not indicative of future results. 62
SIP Performance Equity Schemes - Direct Plan
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 1270000
Market Value as on January 31, 2025 (₹) 1,24,973 4,04,096 7,10,903 17,98,799
Scheme Returns (%) 7.75 7.63 6.71 6.38
Nifty 50 Arbitrage Index - Scheme Benchmark (₹) 1,24,948 4,03,082 7,05,943 17,24,157
Nifty 50 Arbitrage Index - Scheme Benchmark Returns (%) 7.71 7.46 6.43 5.62
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 27,58,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.95

HSBC Multi Asset Allocation Fund Inception Date: 28 Feb 24

Scheme Name & Benchmarks 6 Months Since Inception
Total amount invested (₹) 60000 110000
Market Value as on January 31, 2025 (₹) 56,074 1,08,017
Scheme Returns (%) -21.00 -3.59
(BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) +Domestic Price of
58,575 1,09,036
Gold (10%)+Domestic Price of Silver (5%) - Scheme Benchmark (₹)"
(BSE 200 TRI (65%) + NIFTY Short Duration Debt Index (20%) +Domestic Price of
-7.99 -1.75
Gold (10%)+Domestic Price of Silver (5%)- Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 57,337 1,11,367
Nifty 50 TRI - Additional Benchmark Returns (%) -14.59 2.50

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 1440000
Market Value as on January 31, 2025 (₹) 1,22,783 4,41,245 8,22,432 29,29,526
Scheme Returns (%) 4.31 13.64 12.55 11.22
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark (₹) 1,22,654 4,22,610 7,98,984 29,10,098
Nifty 50 Hybrid composite debt 50:50 Index - Scheme Benchmark Returns (%) 4.11 10.67 11.39 11.12
BSE Sensex TRI - Additional Benchmark (₹) 1,20,197 4,34,057 8,79,945 34,94,087
BSE Sensex TRI - Additional Benchmark Returns (%) 0.30 12.51 15.29 13.90

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 1440000
Market Value as on January 31, 2025 (₹) 1,22,682 4,43,414 8,50,948 28,26,614
Scheme Returns (%) 4.16 13.98 13.93 10.68
NIFTY Equity Savings Index - Scheme Benchmark (₹) 1,23,342 4,16,428 7,69,764 26,03,796
NIFTY Equity Savings Index - Scheme Benchmark Returns (%) 5.19 9.67 9.89 9.42
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,059 4,09,356 7,04,332 21,65,015
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.46 8.51 6.34 6.55

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 1440000
Market Value as on January 31, 2025 (₹) 1,21,537 4,95,216 10,15,586 39,84,582
Scheme Returns (%) 2.38 21.80 21.16 15.87
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 38,48,327
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.35
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 570000
Market Value as on January 31, 2025 (₹) 1,19,833 4,37,672 NA 8,16,850
Scheme Returns (%) -0.26 13.08 NA 15.15
Nifty 50 TRI - Scheme Benchmark (₹) 1,20,008 4,39,537 NA 8,22,926
Nifty 50 TRI - Scheme Benchmark Returns (%) 0.01 13.37 NA 15.47
BSE Sensex TRI - Additional Benchmark (₹) 1,20,197 4,34,057 NA 8,08,654
BSE Sensex TRI - Additional Benchmark Returns (%) 0.30 12.51 NA 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 and is not indicative of future results. 63
SIP Performance Equity Schemes - Direct Plan
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 570000
Market Value as on January 31, 2025 (₹) 1,11,731 4,71,724 NA 8,82,312
Scheme Returns (%) -12.48 18.33 NA 18.48
Nifty Next 50 TRI - Scheme Benchmark (₹) 1,12,166 4,76,723 NA 8,97,705
Nifty Next 50 TRI - Scheme Benchmark Returns (%) -11.84 19.08 NA 19.23
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 NA 8,22,926
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 NA 15.47

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 1440000
Market Value as on January 31, 2025 (₹) 1,24,124 4,97,172 10,36,753 40,98,318
Scheme Returns (%) 6.41 22.08 22.01 16.29
Nifty 500 TRI - Scheme Benchmark (₹) 1,18,066 4,57,853 9,58,509 38,48,327
Nifty 500 TRI - Scheme Benchmark Returns (%) -2.97 16.22 18.78 15.35
Nifty 50 TRI - Additional Benchmark (₹) 1,20,008 4,39,537 8,96,726 35,11,550
Nifty 50 TRI - Additional Benchmark Returns (%) 0.01 13.37 16.06 13.97

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 460000
Market Value as on January 31, 2025 (₹) 1,26,116 4,14,296 NA 5,16,809
Scheme Returns (%) 9.56 9.32 NA 6.01
MSCI AC World Index TRI - Scheme Benchmark (₹) 1,35,374 4,90,301 NA 6,39,161
MSCI AC World Index TRI - Scheme Benchmark Returns (%) 24.53 21.09 NA 17.34
Nifty 50 TRI - Additional Benchmark (₹) 1,19,830 4,39,652 NA 5,89,776
Nifty 50 TRI - Additional Benchmark Returns (%) -0.26 13.40 NA 13.00

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 1310000
Market Value as on January 28, 2025 (₹) 1,26,703 4,24,225 7,40,292 21,29,792
Scheme Returns (%) 10.67 11.00 8.36 8.58
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark (₹) 1,28,436 4,26,310 7,25,296 20,87,932
MSCI AC Asia Pacific ex Japan TRI - Scheme Benchmark Returns (%) 13.49 11.34 7.54 8.24
Nifty 50 TRI - Additional Benchmark (₹) 1,17,183 4,29,296 8,74,524 28,47,825
Nifty 50 TRI - Additional Benchmark Returns (%) -4.38 11.82 15.10 13.54

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 1440000
Market Value as on January 31, 2025 (₹) 1,16,383 3,54,486 5,98,964 14,08,658
Scheme Returns (%) -5.53 -1.00 -0.07 -0.36
MSCI Brazil 10/40 Index TRI - Scheme Benchmark (₹) 1,14,989 3,62,261 6,55,868 18,72,847
MSCI Brazil 10/40 Index TRI - Scheme Benchmark Returns (%) -7.63 0.41 3.51 4.26
Nifty 50 TRI - Additional Benchmark (₹) 1,19,830 4,39,607 8,96,107 35,13,282
Nifty 50 TRI - Additional Benchmark Returns (%) -0.26 13.39 16.04 13.98

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 1440000
Market Value as on January 28, 2025 (₹) 1,26,045 4,02,752 6,70,436 20,91,144
Scheme Returns (%) 9.61 7.46 4.40 6.02
MSCI Emerging Markets Index TRI - Scheme Benchmark (₹) 1,27,189 4,21,236 7,12,463 22,51,045
MSCI Emerging Markets Index TRI - Scheme Benchmark Returns (%) 11.46 10.52 6.82 7.17
Nifty 50 TRI - Additional Benchmark (₹) 1,17,183 4,29,296 8,74,370 34,26,416
Nifty 50 TRI - Additional Benchmark Returns (%) -4.38 11.82 15.09 13.62

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 and is not indicative of future results. 64
SIP Performance Equity Schemes - Direct Plan
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 1290000
Market Value as on January 31, 2025 (₹) 1,20,233 4,54,840 9,13,547 27,61,830
Scheme Returns (%) 0.36 15.76 16.82 13.48
A composite index with 80% weight to BSE 200 TRI and 20% weight to CRISIL
1,19,910 4,43,580 8,91,046 28,02,209
Composite Bond Index - Scheme Benchmark (₹)
A composite index with 80% weight to BSE 200 TRI and 20% weight to CRISIL
-0.14 14.01 15.80 13.73
Composite Bond Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

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 1290000
Market Value as on January 31, 2025 (₹) 1,21,314 4,45,217 8,70,352 25,78,075
Scheme Returns (%) 2.03 14.27 14.85 12.29
CRISIL Hybrid 35+65 - Aggressive Fund Index - Scheme Benchmark (₹) 1,20,895 4,36,289 8,53,306 26,41,848
CRISIL Hybrid 35+65 - Aggressive Fund Index - Scheme Benchmark Returns (%) 1.38 12.86 14.05 12.71
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

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 1290000
Market Value as on January 31, 2025 (₹) 1,24,743 4,08,973 7,24,320 19,05,513
Scheme Returns (%) 7.39 8.44 7.46 7.03
A composite index with 10% weight to BSE 200 TRI and 90% weight to CRISIL
1,24,648 4,10,444 7,30,502 20,40,553
Composite Bond Index - Scheme Benchmark (₹)
A composite index with 10% weight to BSE 200 TRI and 90% weight to CRISIL
7.24 8.69 7.80 8.23
Composite Bond Index - Scheme Benchmark Returns (%)
Nifty 50 TRI - Additional Benchmark (₹) 1,20,012 4,39,246 8,97,328 28,35,028
Nifty 50 TRI - Additional Benchmark Returns (%) 0.02 13.33 16.09 13.93
CRISIL 10 Year Gilt Index - Additional Benchmark (₹) 1,26,097 4,09,454 7,04,542 18,44,837
CRISIL 10 Year Gilt Index - Additional Benchmark Returns (%) 9.53 8.52 6.35 6.45

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 and is not indicative of future results. 65
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 - 11; Fund Manager - Sonal Gupta Effective Dec 2023. Total Schemes Managed - 26
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 11042 10.39 14259 12.54 NA NA 22067 19.08
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 NA NA 24973 22.38
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 22260 19.31
HSBC Focused Fund - Direct Plan ~ ~ Inception Date: 22-Jul-20
HSBC Focused Fund 11175 11.71 14756 13.83 NA NA 22989 20.17
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 NA NA 24973 22.38
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 22260 19.31

Fund Manager - Abhishek Gupta Effective 01 Mar 2024. Total Schemes Managed - 6; Fund Manager - Venugopal Manghat Effective 01 Apr
2024. Total Schemes Managed - 7; Fund Manager - Sonal Gupta Effective Dec 2023. Total Schemes Managed - 26
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 11451 14.47 16048 17.06 22963 18.07 247084 16.54
Scheme Benchmark (NIFTY 500 TRI) 11006 10.03 14916 14.24 23054 18.16 192150 15.15
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 168569 14.43
HSBC Flexi Cap Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Flexi Cap Fund 11536 15.31 16459 18.05 23885 19.00 55205 15.18
Scheme Benchmark (NIFTY 500 TRI) 11006 10.03 14916 14.24 23054 18.16 51549 14.53
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 11; Fund Manager - Abhishek Gupta Effective 01 Apr 2024.
Total Schemes Managed - 6; Fund Manager - Sonal Gupta Effective Dec 2023. Total Schemes Managed - 26
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 11702 16.97 15984 16.91 22882 17.98 24356 16.43
Scheme Benchmark (NIFTY Large Midcap 250 TRI) 11106 11.03 15928 16.77 25684 20.74 26776 18.33
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 21777 14.22
HSBC Large and Mid Cap Fund - Direct Plan ~ ~ Inception Date: 28-Mar-19
HSBC Large and Mid Cap Fund 11821 18.16 16650 18.51 23910 19.02 25507 17.35
Scheme Benchmark (NIFTY Large Midcap 250 TRI) 11106 11.03 15928 16.77 25684 20.74 26776 18.33
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 21777 14.22

Fund Manager - Neelotpal Sahai Effective 27 May 2013. Total Schemes Managed - 3; Fund Manager - Gautam Bhupal Effective 01 Jun 2023.
Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective Dec 2023. Total Schemes Managed - 26
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 11109 11.06 14312 12.68 20054 14.91 477007 19.06
Scheme Benchmark (Nifty 100 TRI) 11033 10.30 14181 12.34 21040 16.02 NA NA
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 296956 16.54
HSBC Large Cap Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Large Cap Fund 11211 12.08 14708 13.71 21034 16.02 47481 13.75
Scheme Benchmark (Nifty 100 TRI) 11033 10.30 14181 12.34 21040 16.02 47281 13.71
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 11; Fund Manager - Venugopal Manghat Effective 01 Oct 2023. Total
Schemes Managed - 7; Fund Manager - Sonal Gupta Effective 26 Nov 2022. Total Schemes Managed - 26
HSBC Midcap Fund* - Regular Plan 8 ~ ~ 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 Mid cap Fund 11658 16.53 17116 19.60 25098 20.18 349793 18.94
Scheme Benchmark (Nifty Midcap 150 TRI) 11160 11.57 17763 21.09 31007 25.37 NA NA

Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 185124 15.31

Past performance may or may not be sustained in the future and is not indicative of future results. 66
Comparative Performance of Equity Schemes
HSBC Midcap Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Mid cap Fund 11783 17.77 17887 21.37 26702 21.68 92345 20.18
Scheme Benchmark (Nifty Midcap 150 TRI) 11160 11.57 17763 21.09 31007 25.37 82979 19.13
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Cheenu Gupta Effective 02 Jul 2021. Total Schemes Managed - 11
Fund Manager - Gautam Bhupal Effective 01 Oct 2023. Total Schemes Managed - 13
Fund Manager - Shriram Ramanathan Effective 30 May 2016. Total Schemes Managed - 11
Fund Manager - Mohd Asif Rizwi Effective 01 May 2024. Total Schemes Managed - 14
Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 26
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 11168 11.65 13886 11.55 18906 13.57 51726 12.46
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 65:35
10939 9.36 13413 10.27 18617 13.22 44373 11.24
Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 51664 12.45
HSBC Aggressive Hybrid Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Aggressive Hybrid Fund 11285 12.81 14333 12.74 19907 14.75 50526 14.34
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 65:35
10939 9.36 13413 10.27 18617 13.22 38372 11.76
Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

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 - 26
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 11297 12.93 18630 23.02 28381 23.17 45093 9.06
Scheme Benchmark (Nifty Infrastructure TRI) 10712 7.10 16991 19.31 27374 22.28 22960 4.90
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 57668 10.62
HSBC Infrastructure Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Infrastructure Fund 11416 14.11 18912 23.64 29368 24.01 70483 17.53
Scheme Benchmark (Nifty Infrastructure TRI) 10712 7.10 16991 19.31 27374 22.28 37810 11.63
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Venugopal Manghat Effective 17 Dec 2019. Total Schemes Managed - 7
Fund Manager - Cheenu Gupta Effective 01 Oct 2023. Total Schemes Managed - 11
Fund Manager - Sonal Gupta Effective 05 Jul 2021. Total Schemes Managed - 26
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 10756 7.54 16739 18.72 32929 26.88 73404 20.41
Scheme Benchmark (Nifty Smallcap 250 TRI) 10589 5.87 16528 18.22 31814 26.01 60071 18.18
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 38272 13.32
HSBC Small Cap Fund* - Direct Plan ~ ~ Inception Date: 12-May-14
HSBC Small Cap Fund 10865 8.63 17304 20.04 34824 28.31 80211 21.41
Scheme Benchmark (Nifty Smallcap 250 TRI) 10589 5.87 16528 18.22 31814 26.01 60071 18.18
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 38272 13.32

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 - 26
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 11796 17.90 17110 19.58 24256 19.37 39239 13.97
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 38235 13.68
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 33814 12.36
HSBC Business Cycles Fund* - Direct Plan ~ ~ Inception Date: 20-Aug-14
HSBC Business Cycles Fund 11924 19.18 17669 20.87 25566 20.63 42963 14.96
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 38235 13.68
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 33814 12.36
* 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 and is not indicative of future results. 67
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 - 26
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 11330 13.27 17321 20.07 27547 22.44 101322 16.61
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 57882 12.35
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 53751 11.80
HSBC Value Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Value Fund 11439 14.35 17829 21.24 28910 23.63 91709 20.12
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 51549 14.53
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Praveen Ayathan Effective 30 Jun 2014. Total Schemes Managed - 5; Fund Manager - Mahesh Chhabria Effective 15 Jul 2023.
Total Schemes Managed - 15; Fund Manager - Hitesh Gondhia Effective 01 Oct 2023. Total Schemes Managed - 3; Fund Manager - Mohd Asif
Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
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 10711 7.09 11975 6.19 12971 5.33 18491 5.97
Scheme Benchmark (Nifty 50 Arbitrage Index) 10755 7.52 12152 6.71 12940 5.28 18038 5.72
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 35117 12.58
HSBC Arbitrage Fund - Direct Plan ~ ~ Inception Date: 30-Jun-14
HSBC Arbitrage Fund 10783 7.81 12219 6.90 13398 6.02 19742 6.63
Scheme Benchmark (Nifty 50 Arbitrage Index) 10755 7.52 12152 6.71 12940 5.28 18038 5.72
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 35117 12.58

Fund Manager - Cheenu Gupta Effective 28 Feb 2024. Total Schemes Managed - 11
Fund Manager - Mahesh Chhabria Effective 28 Feb 2024. Total Schemes Managed - 11
Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
Fund Manager - Dipan Parikh Effective 28 Feb 2024. Total Schemes Managed - 1
Fund Manager - Sonal Gupta Effective 28 Feb 2024. Total Schemes Managed - 26
HSBC Multi Asset Allocation Fund - Regular Plan~ ~ Inception Date: 28-Feb-24
Fund / Benchmark 6 Months Since Inception
(Value of ₹10,000 invested) Amount in ` Returns (%) Amount in ` Returns (%)
HSBC Multi Asset Allocation Fund 9375 -12.01 11037 11.24
Scheme Benchmark (BSE 200 TRI (65%) + NIFTY Short Duration
Debt Index (20%) +Domestic Price of Gold (10%)+Domestic Price 9816 -3.61 11213 13.16
of Silver (5%)
Additional Benchmark (Nifty 50 TRI) 9455 -10.53 10828 8.97
HSBC Multi Asset Allocation Fund - Direct Plan ~ ~ Inception Date: 28-Feb-24
HSBC Multi Asset Allocation Fund 9444 -10.73 11177 12.77
Scheme Benchmark (BSE 200 TRI (65%) + NIFTY Short Duration
Debt Index (20%) +Domestic Price of Gold (10%)+Domestic Price 9816 -3.61 11213 13.16
of Silver (5%)
Additional Benchmark (Nifty 50 TRI) 9455 -10.53 10828 8.97

Fund Manager - Neelotpal Sahai Effective 26 Nov 2022. Total Schemes Managed - 3; Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total
Schemes Managed - 15; Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14; 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 - 26;
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 10985 9.82 13481 10.46 16269 10.21 41472 10.70
Scheme Benchmark (Nifty 50 Hybrid composite debt 50:50 Index) 10925 9.23 13124 9.48 17584 11.94 40926 10.60
Additional Benchmark (BSE Sensex TRI) 10934 9.32 13883 11.55 20223 15.11 51843 12.48
HSBC Balanced Advantage Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Balanced Advantage Fund 11134 11.30 14036 11.95 17399 11.70 39709 12.08
Scheme Benchmark (Nifty 50 Hybrid composite debt 50:50 Index) 10925 9.23 13124 9.48 17584 11.94 35132 10.95
Additional Benchmark (BSE Sensex TRI) 10934 9.32 13883 11.55 20223 15.11 46309 13.52

* 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 and is not indicative of future results. 68
Comparative Performance of Equity Schemes
Fund Manager - Cheenu Gupta Effective 02 Jul 2021. Total Schemes Managed - 11; Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total
Schemes Managed - 15; Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14; Fund Manager - Abhishek Gupta
Effective 01 Apr 2024. Total Schemes Managed - 6; 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 - 26
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 11282 12.78 13751 11.19 17478 11.80 31645 9.05
Scheme Benchmark (NIFTY Equity Savings Index) 10866 8.63 12846 8.70 16034 9.89 34234 9.70
Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 24504 6.97
HSBC Equity Savings Fund* - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Equity Savings Fund 11384 13.80 14125 12.19 18273 12.80 31561 9.97
Scheme Benchmark (NIFTY Equity Savings Index) 10866 8.63 12846 8.70 16034 9.89 29860 9.47
Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

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 - Mahesh Chhabria Effective 01 Feb 2025. Total Schemes Managed - 15; Fund Manager -
Sonal Gupta Effective 30 Jan 2023. Total Schemes Managed - 26
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 11244 12.41 NA NA NA NA 17290 31.39
Scheme Benchmark (NIFTY 500 Multicap [Link] TRI) 10965 9.62 NA NA NA NA 15791 25.58
Additional Benchmark (Nifty 50 TRI) 10958 9.55 NA NA NA NA 13636 16.72
HSBC Multi Cap Fund* - Direct Plan ~ ~ Inception Date: 30-Jan-23
HSBC Multi Cap Fund 11392 13.88 NA NA NA NA 17759 33.16
Scheme Benchmark (NIFTY 500 Multicap [Link] TRI) 10965 9.62 NA NA NA NA 15791 25.58
Additional Benchmark (Nifty 50 TRI) 10958 9.55 NA NA NA NA 13636 16.72

Fund Manager - Abhishek Gupta Effective 01 Mar 2024. Total Schemes Managed - 6; Fund Manager - Gautam Bhupal Effective 26 Nov 2022.
Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 21 Jul 2021. Total Schemes Managed - 26
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 11896 18.91 15766 16.37 22369 17.45 125145 14.27

Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 101058 12.99
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 96391 12.71

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

HSBC ELSS Tax saver Fund 11987 19.81 16142 17.29 23215 18.32 57452 15.56

Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 51549 14.53

Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

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 10898 8.96 13839 11.43 NA NA 26952 22.94

Scheme Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 27849 23.79
Additional Benchmark (BSE Sensex TRI) 10934 9.32 13883 11.55 NA NA 27031 23.02

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

HSBC Nifty 50 Index Fund 10926 9.23 13952 11.73 NA NA 27388 23.36

Scheme Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 27849 23.79

Additional Benchmark (BSE Sensex TRI) 10934 9.32 13883 11.55 NA NA 27031 23.02

*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 and is not indicative of future results. 69
Comparative Performance of Equity Schemes
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 11369 13.65 15227 15.03 NA NA 26971 22.96
Scheme Benchmark (Nifty Next 50 TRI) 11500 14.96 15731 16.29 NA NA 28414 24.30
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 27849 23.79
HSBC Nifty Next 50 Index Fund - Direct Plan ~ ~ Inception Date: 15-Apr-20
HSBC Nifty Next 50 Index Fund 11420 14.16 15434 15.55 NA NA 27560 23.52
Scheme Benchmark (Nifty Next 50 TRI) 11500 14.96 15731 16.29 NA NA 28414 24.30
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 27849 23.79

Fund Manager - Gautam Bhupal Effective 23 Jul 2019. Total Schemes Managed - 13;
Fund Manager - Sonal Gupta Effective Dec 2023. Total Schemes Managed - 26
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 11855 18.50 15375 15.40 22422 17.51 87795 12.76
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 79723 12.16
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 73233 11.64
HSBC Tax Saver Equity Fund - Direct Plan Inception Date: 01-Jan-13
HSBC Tax Saver Equity Fund 11959 19.53 15866 16.62 23730 18.84 57903 15.63
Scheme Benchmark (Nifty 500 TRI) 11006 10.03 14916 14.24 23054 18.16 51549 14.53
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45744 13.40

Fund Manager - Gautam Bhupal Effective 31 Aug 2023. Total Schemes Managed - 13; Fund Manager - Anish Goenka Effective 1 Oct 2023. Total
Schemes Managed - 1; Fund Manager - Sonal Gupta Effective 31 Aug 2023. Total Schemes Managed - 26
HSBC Consumption Fund - Regular Plan Inception Date: 31-Aug-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 Consumption Fund 11777 17.72 NA NA NA NA 13598 24.13
Scheme Benchmark (Nifty India Consumption TRI) 11656 16.51 NA NA NA NA 13545 23.79
Additional Benchmark (Nifty 50 TRI) 10958 9.55 NA NA NA NA 12391 16.28
HSBC Consumption Fund - Direct Plan Inception Date: 31-Aug-23
HSBC Consumption Fund 11941 19.35 NA NA NA NA 13868 25.86
Scheme Benchmark (Nifty India Consumption TRI) 11656 16.51 NA NA NA NA 13545 23.79
Additional Benchmark (Nifty 50 TRI) 10958 9.55 NA NA NA NA 12391 16.28

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 26
Fund Manager - Mahesh Chhabria Effective 01 Feb 2025. Total Schemes Managed - 15
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 11122 11.19 10881 2.85 NA NA 10465 1.18
Scheme Benchmark (MSCI AC World Index TRI) 12586 25.78 14777 13.89 NA NA 16413 13.68
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 16707 14.20
HSBC Global Equity Climate Change Fund of Fund* - Direct Plan ~~ Inception Date: 22-Mar-21
HSBC Global Equity Climate Change Fund of Fund 11194 11.91 11118 3.59 NA NA 10767 1.93
Scheme Benchmark (MSCI AC World Index TRI) 12586 25.78 14777 13.89 NA NA 16413 13.68
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 NA NA 16707 14.20

*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 and is not indicative of future results. 70
Comparative Performance of Equity Schemes

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 26

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 11983 19.95 11432 4.57 14396 7.56 21723 7.35
Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI) 12176 21.89 11904 5.99 14708 8.03 23318 8.05
Additional Benchmark (Nifty 50 TRI) 10697 7.01 13724 11.15 20348 15.28 42390 14.12
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund* - Direct Plan ~ ~ Inception Date: 24-Feb-14
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund 12027 20.39 11632 5.18 14877 8.27 23406 8.09
Scheme Benchmark (MSCI AC Asia Pacific ex Japan TRI) 12176 21.89 11904 5.99 14708 8.03 23318 8.05
Additional Benchmark (Nifty 50 TRI) 10697 7.01 13724 11.15 20348 15.28 42390 14.12

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 26

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 8718 -12.79 10264 0.87 7091 -6.64 6579 -3.00
Scheme Benchmark (MSCI Brazil 10/40 Index TRI) 8670 -13.27 11538 4.88 9421 -1.18 13711 2.32
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 50139 12.44
HSBC Brazil Fund* - Direct Plan ~ ~ Inception Date: 02-Jan-13
HSBC Brazil Fund 8767 -12.30 10470 1.54 7350 -5.97 7162 -2.72
Scheme Benchmark (MSCI Brazil 10/40 Index TRI) 8670 -13.27 11538 4.88 9421 -1.18 13392 2.45
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 45420 13.34

Fund Manager - Sonal Gupta Effective 02 Dec 2022. Total Schemes Managed - 26

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 11805 18.15 10160 0.53 12891 5.21 19023 3.88

Scheme Benchmark (MSCI Emerging Markets Index TRI) 11921 19.33 11412 4.50 13993 6.95 33302 7.39

Additional Benchmark (Nifty 50 TRI) 10697 7.01 13915 11.63 20348 15.28 62331 11.45

HSBC Global Emerging Markets Fund* - Direct Plan ~ ~ Inception Date: 02-Jan-13

HSBC Global Emerging Markets Fund 11887 18.98 10376 1.24 13357 5.96 18343 5.15

Scheme Benchmark (MSCI Emerging Markets Index TRI) 11921 19.33 11412 4.50 13993 6.95 21545 6.56

Additional Benchmark (Nifty 50 TRI) 10697 7.01 13915 11.63 20348 15.28 44340 13.12

Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 01 Apr 2024. Total
Schemes Managed - 26; Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 11
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 10993 9.90 14024 11.92 20259 15.15 37984 13.20
Scheme Benchmark (A composite index with 80% weight to
11034 10.31 14270 12.57 20791 15.75 40857 13.97
BSE 200 TRI and 20% weight to CRISIL Composite Bond Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

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

HSBC Managed Solutions India – Growth 11095 10.92 14334 12.74 20854 15.82 39735 13.67
Scheme Benchmark (A composite index with 80% weight to BSE
11034 10.31 14270 12.57 20791 15.75 40857 13.97
200 TRI and 20% weight to CRISIL Composite Bond Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

*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 and is not indicative of future results. 71
Comparative Performance of Equity Schemes
Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 01 Apr 2024. Total
Schemes Managed - 26; Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 11
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 10958 9.55 13540 10.62 18714 13.34 33397 11.85
Scheme Benchmark (CRISIL Hybrid 35+65 - Aggressive Fund
11004 10.01 13864 11.49 19557 14.34 37481 13.06
Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

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

HSBC Managed Solutions India – Moderate 11073 10.70 13908 11.61 19455 14.22 35321 12.44
Scheme Benchmark (CRISIL Hybrid 35+65 - Aggressive Fund
11004 10.01 13864 11.49 19557 14.34 37481 13.06
Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

Fund Manager - Gautam Bhupal Effective 21 Oct 2015. Total Schemes Managed - 13; Fund Manager - Sonal Gupta Effective 01 Apr 2024. Total
Schemes Managed - 26; Fund Manager - Cheenu Gupta Effective 01 Apr 2024. Total Schemes Managed - 11
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 10818 8.16 11982 6.21 13576 6.30 20890 7.08
Scheme Benchmark (A composite index with 10% weight to BSE 200
10904 9.02 12400 7.43 14717 8.03 25230 8.98
TRI and 90% weight to CRISIL Composite Bond Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

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

HSBC Managed Solutions India – Conservative 10902 8.99 12260 7.02 14102 7.11 22097 7.64
Scheme Benchmark (A composite index with 10% weight to BSE 200
10904 9.02 12400 7.43 14717 8.03 25230 8.98
TRI and 90% weight to CRISIL Composite Bond Index)
Additional Benchmark (Nifty 50 TRI) 10958 9.55 14058 12.01 20844 15.80 40089 13.77

Additional Benchmark (CRISIL 10 Year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21290 7.27

Past performance may or may not be sustained in the future and is not indicative of future results. 72
Comparative Performance of Debt Schemes
Fund Manager - Mahesh Chhabria Effective 01 Feb 2025. Total Schemes Managed - 15
Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 11
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 10012 7.27 10026 6.89 10052 6.79 10730 7.30 12077 6.49 12966 5.33 25479 7.06
Scheme Benchmark (NIFTY
10011 6.84 10025 6.79 10052 6.78 10735 7.35 12111 6.59 13011 5.41 25641 7.11
Liquid Index A-I)
Additional Benchmark
10013 7.95 10031 8.36 10060 7.84 10751 7.51 12019 6.32 13130 5.60 24177 6.65
(CRISIL 1 Year T Bill Index)
HSBC Liquid Fund - Direct
Inception Date: 01-Jan-13
Plan ~ ~ ~
HSBC Liquid Fund 10012 7.37 10026 7.00 10053 6.89 10743 7.41 12112 6.59 13022 5.42 22274 6.85
Scheme Benchmark (NIFTY
10011 6.84 10025 6.79 10052 6.78 10737 7.35 12113 6.59 13015 5.41 22102 6.78
Liquid Index A-I)
Additional Benchmark
10013 7.95 10031 8.36 10060 7.84 10753 7.51 12021 6.32 13134 5.60 21414 6.50
(CRISIL 1 Year T Bill Index)

Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 15
Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund -
Inception Date: 31-Mar-22
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 CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund 10813 8.11 NA NA NA NA 11950 6.47
Scheme Benchmark (CRISIL IBX 50:50 Gilt Plus SDL Index - April
10862 8.59 NA NA NA NA 12064 6.83
2028)
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 NA NA NA NA 12109 6.97
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct
Inception Date: 31-Mar-22
Plan ~ ~
HSBC CRISIL IBX 50-50 Gilt Plus Apr 2028 Index Fund 10835 8.32 NA NA NA NA 12019 6.69
Scheme Benchmark (CRISIL IBX 50:50 Gilt Plus SDL Index - April
10862 8.59 NA NA NA NA 12064 6.83
2028)
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 NA NA NA NA 12109 6.97

Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 15
Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
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 10761 7.59 NA NA NA NA 11452 7.55
Scheme Benchmark (CRISIL-IBX Gilt Index - June 2027) 10810 8.08 NA NA NA NA 11535 7.97
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 NA NA NA NA 11748 9.03
HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan ~ ~ Inception Date: 23-Mar-23
HSBC CRISIL IBX Gilt June 2027 IndexFund 10791 7.89 NA NA NA NA 11512 7.85
Scheme Benchmark (CRISIL-IBX Gilt Index - June 2027) 10810 8.08 NA NA NA NA 11535 7.97
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 NA NA NA NA 11748 9.03

Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 11
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 10754 7.52 11537 4.88 12729 4.94 40703 6.54
Scheme Benchmark (NIFTY Medium to Long Duration Debt
10909 9.07 12031 6.35 13941 6.86 44052 6.92
Index A-III)
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 37316 6.12

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

HSBC Medium to Long Duration Fund 10887 8.85 11927 6.05 13382 5.99 22567 6.97
Scheme Benchmark (NIFTY Medium to Long Duration Debt
10909 9.07 12031 6.35 13941 6.86 23907 7.49
Index A-III)
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21509 6.55

Past performance may or may not be sustained in the future and is not indicative of future results. 73
Comparative Performance of Debt Schemes
Fund Manager - Mahesh Chhabria Effective 15 Jul 2023. Total Schemes Managed - 15; Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025.
Total Schemes Managed - 14; Fund Manager - Cheenu Gupta Effective 26 Nov 2022. Total Schemes Managed - 11; Fund Manager - Abhishek
Gupta Effective 01 Apr 2024. Total Schemes Managed - 6; Fund Manager - Sonal Gupta Effective 01 Dec 2023. Total Schemes Managed - 26
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 11172 11.68 12654 8.15 15045 8.50 56609 8.63
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 15:85 Index) 10881 8.78 12422 7.49 15103 8.59 54335 8.41
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 32476 5.78
HSBC Conservative Hybrid Fund - Direct Plan ~ ~ Inception Date: 11-Jan-13
HSBC Conservative Hybrid Fund 11264 12.60 12927 8.93 15624 9.32 27848 8.86
Scheme Benchmark (NIFTY 50 Hybrid Composite Debt 15:85 Index) 10881 8.78 12422 7.49 15103 8.59 27551 8.76
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21444 6.53

Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 15

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 10010 6.43 10024 6.43 10050 6.46 10661 6.59 11918 6.02 12670 4.84 13068 4.81
Scheme Benchmark (NIFTY
10010 6.53 10024 6.53 10051 6.55 10673 6.71 11970 6.17 12772 5.01 13240 5.05
1D Rate Index)
Additional Benchmark
10013 7.95 10031 8.36 10060 7.84 10753 7.51 12021 6.32 13134 5.60 13781 5.79
(CRISIL 1 Year T Bill Index)
HSBC Overnight Fund - Direct Plan ~ ~ ~ Inception Date: 22-May-19
HSBC Overnight Fund 10010 6.53 10024 6.53 10051 6.56 10672 6.70 11955 6.13 12749 4.97 13214 5.01
Scheme Benchmark (NIFTY
10010 6.53 10024 6.53 10051 6.55 10673 6.71 11970 6.17 12772 5.01 13240 5.05
1D Rate Index)
Additional Benchmark
10013 7.95 10031 8.36 10060 7.84 10753 7.51 12021 6.32 13134 5.60 13781 5.79
(CRISIL 1 Year T Bill Index)

Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 15

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 10738 7.36 12046 6.40 13114 5.57 13118 5.57

Scheme Benchmark (NIFTY Ultra Short Duration Debt Index A-I) 10768 7.66 12163 6.74 13261 5.80 13265 5.80
Additional Benchmark (NIFTY Ultra Short Duration Debt Index) 10801 7.99 12279 7.08 13446 6.09 13449 6.09
Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 13139 5.60

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

HSBC Ultra Short Duration Fund 10767 7.64 12135 6.66 13273 5.82 13278 5.82

Scheme Benchmark (NIFTY Ultra Short Duration Debt Index A-I) 10768 7.66 12163 6.74 13261 5.80 13265 5.80

Additional Benchmark (NIFTY Ultra Short Duration Debt Index) 10801 7.99 12279 7.08 13446 6.09 13449 6.09

Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 13139 5.60

Fund Manager - Mahesh Chhabria Effective 01 May 2024. Total Schemes Managed - 15; Fund Manager - Shriram Ramanathan Effective 02 Feb
2015. Total Schemes Managed - 11
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 10873 8.70 11901 5.97 13373 5.98 28727 7.63

Scheme Benchmark (NIFTY Composite Debt Index A-III) 10855 8.52 12034 6.36 13867 6.75 28863 7.66
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 24944 6.57
HSBC Dynamic Bond Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13

HSBC Dynamic Bond Fund 10936 9.33 12097 6.54 13694 6.48 25529 8.06

Scheme Benchmark (NIFTY Composite Debt Index A-III) 10855 8.52 12034 6.36 13867 6.75 24408 7.66

Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Past performance may or may not be sustained in the future and is not indicative of future results. 74
Comparative Performance of Debt Schemes
Fund Manager - Mahesh Chhabria Effective 26 Nov 2022. Total Schemes Managed - 15
Fund Manager - Mohd Asif Rizwi Effective 01 May 2024. Total Schemes Managed - 14
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 10719 7.17 11629 5.15 13145 5.62 23325 7.07
Scheme Benchmark (Nifty Banking and PSU Debt Index A-II) 10765 7.63 11863 5.85 13488 6.16 24392 7.46
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 22500 6.76
HSBC Banking and PSU Debt Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Banking and PSU Debt Fund 10760 7.58 11762 5.55 13401 6.02 23927 7.48
Scheme Benchmark (Nifty Banking and PSU Debt Index A-II) 10765 7.63 11863 5.85 13488 6.16 23719 7.40
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Fund Manager - Shriram Ramanathan Effective 26 Nov 2022. Total Schemes Managed - 11
Fund Manager - Mohd Asif Rizwi Effective 16 Jan 2024. Total Schemes Managed - 14
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 10744 7.42 11994 6.24 13187 5.68 26721 7.18
Scheme Benchmark (NIFTY Low Duration Debt Index A-I) 10767 7.65 12063 6.45 13227 5.75 27760 7.47
Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 24725 6.60
HSBC Low Duration Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Low Duration Fund 10790 7.88 12165 6.75 13752 6.57 23797 7.43
Scheme Benchmark (NIFTY Low Duration Debt Index A-I) 10767 7.65 12063 6.45 13227 5.75 23046 7.15
Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 21414 6.50

Fund Manager - Mohd Asif Rizwi Effective 01 Feb 2025. Total Schemes Managed - 14
Fund Manager - Shriram Ramanathan Effective 30 Jun 2014. Total Schemes Managed - 11
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 10806 8.03 11894 5.95 13737 6.55 70279 7.25
Scheme Benchmark (NIFTY Corporate Bond Index A-II) 10753 7.51 11927 6.04 13597 6.33 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 NA NA
HSBC Corporate Bond Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Corporate Bond Fund 10843 8.40 12016 6.31 13972 6.91 24373 7.65
Scheme Benchmark (NIFTY Corporate Bond Index A-II) 10753 7.51 11927 6.04 13597 6.33 24095 7.54
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Fund Manager - Mahesh Chhabria Effective 01 Feb 2025. Total Schemes Managed - 15
Fund Manager - Shriram Ramanathan Effective 21 Mar 2020. Total Schemes Managed - 11
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 10747 7.45 11998 6.25 12979 5.35 38317 7.14
Scheme Benchmark (NIFTY Money Market Index A-I) 10759 7.57 12120 6.61 13105 5.55 40068 7.38
Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 31906 6.13
HSBC Money Market Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Money Market Fund 10772 7.70 12121 6.61 13239 5.77 23837 7.45
Scheme Benchmark (NIFTY Money Market Index A-I) 10759 7.57 12120 6.61 13105 5.55 22520 6.95
Additional Benchmark (CRISIL 1 Year T Bill Index) 10753 7.51 12021 6.32 13134 5.60 21414 6.50

Fund Manager - Shriram Ramanathan Effective 24 Nov 2012. Total Schemes Managed - 11

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 10724 7.22 11834 5.77 13028 5.43 27761 6.89
Scheme Benchmark (NIFTY Credit Risk Bond Index B-II) 10784 7.81 12480 7.66 14714 8.02 35419 8.60
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 25896 6.41

Past performance may or may not be sustained in the future and is not indicative of future results. 75
Comparative Performance of Debt Schemes
HSBC Credit Risk Fund - Direct Fund ~ ~ Inception Date: 01-Jan-13
HSBC Credit Risk Fund 10811 8.09 12124 6.62 13591 6.32 23319 7.25
Scheme Benchmark (NIFTY Credit Risk Bond Index B-II) 10784 7.81 12480 7.66 14714 8.02 27021 8.57
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Fund Manager - Mohd Asif Rizwi Effective 15 Jan 2024. Total Schemes Managed - 14
Fund Manager - Shriram Ramanathan Effective 01 May 2024. Total Schemes Managed - 11
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 10755 7.53 11825 5.74 13235 5.76 23996 6.91
Scheme Benchmark (NIFTY Short Duration Debt Index A-II) 10763 7.61 11972 6.18 13509 6.19 26333 7.67
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 23958 6.89
HSBC Short Duration Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Short Duration Fund 10807 8.05 11997 6.25 13625 6.38 24417 7.66
Scheme Benchmark (NIFTY Short Duration Debt Index A-II) 10763 7.61 11972 6.18 13509 6.19 23753 7.42
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Fund Manager - Mohd Asif Rizwi Effective 01 May 2024. Total Schemes Managed - 14
Fund Manager - Shriram Ramanathan Effective 03 Apr 2017. Total Schemes Managed - 11
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 10798 7.96 11776 5.59 13080 5.51 64173 7.76
Scheme Benchmark (NIFTY All Duration G-Sec Index) 10971 9.68 12364 7.32 14040 7.01 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 NA NA
HSBC Gilt Fund - Direct Plan ~ ~ Inception Date: 01-Jan-13
HSBC Gilt Fund 10930 9.28 12212 6.88 13892 6.79 27513 8.73
Scheme Benchmark (NIFTY All Duration G-Sec Index) 10971 9.68 12364 7.32 14040 7.01 23936 7.49
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 21669 6.60

Fund Manager - Shriram Ramanathan Effective 02 Feb 2015. Total Schemes Managed - 11

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 10824 8.22 11951 6.11 13579 6.30 19635 6.98
Scheme Benchmark (NIFTY Medium Duration Debt Index A-III) 10847 8.45 11872 5.88 13874 6.76 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 18812 6.52
HSBC Medium Duration Fund - Direct Plan ~ ~ Inception Date: 02-Feb-15
HSBC Medium Duration Fund 10900 8.98 12225 6.92 14152 7.18 21366 7.89
Scheme Benchmark (NIFTY Medium Duration Debt Index A-III) 10847 8.45 11872 5.88 13874 6.76 NA NA
Additional Benchmark (CRISIL 10 year Gilt Index) 10980 9.77 12121 6.62 13244 5.77 18812 6.52

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. ([Link])
5
HSBC Corporate Bond Fund: The launch date of the NIFTY Corporate Bond Index A-II is Sep 03, 2001 and the same for CRISIL 10 year Gilt Index is September 01, 2001 whereas the inception date of the
scheme is Mar 31, 1997. The corresponding benchmark returns since inception of the scheme not available. ([Link])
6
HSBC Gilt Fund: The launch date of the NIFTY All Duration G-Sec Index is Sep 03, 2001 and the same for CRISIL 10 year Gilt Index is September 01, 2001 whereas the inception date of the scheme is Mar
29, 2000. The corresponding benchmark returns since inception of the scheme not available. ([Link])
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. ([Link])
10
HSBC Medium Duration Fund - The launch date of the NIFTY Medium Duration Debt Index A-III Index is Feb 05, 2015 whereas the inception date of the scheme is Feb 02, 2015. The corresponding
benchmark returns since inception of the scheme not available. ([Link])
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/2024/90 dated June 27, 2024.
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 January 2025 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/2024/90 dated June 27, 2024 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

Past performance may or may not be sustained in the future and is not indicative of future results. 76
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
24-Jan-25 0.08 0.08 10.5998 27-Jan-25 5.7099 5.7099 1000.0014
20-Dec-24 0.08 0.08 10.6043 26-Dec-24 5.4782 5.4782 1000.0014
22-Nov-24 0.08 0.08 10.6332 25-Nov-24 5.2959 5.2959 1000.0014
HSBC Arbitrage Fund - Regular Plan - Monthly IDCW HSBC Liquid Fund-Direct Plan - Monthly IDCW
24-Jan-25 0.07 0.07 10.6034 27-Jan-25 6.7966 6.7966 1037.8864
20-Dec-24 0.07 0.07 10.6047 26-Dec-24 5.6689 5.6689 1037.8864
22-Nov-24 0.07 0.07 10.6290 25-Nov-24 6.1421 6.1421 1037.8864
HSBC Arbitrage Fund - Direct Plan - Quarterly IDCW HSBC Liquid Fund-Regular Plan - Monthly IDCW
20-Dec-24 0.25 0.25 11.3941 27-Jan-25 6.4785 6.4785 1002.3019
20-Sep-24 0.25 0.25 11.4457 26-Dec-24 5.3891 5.3891 1002.3019
21-Jun-24 0.25 0.25 11.4927 25-Nov-24 5.8455 5.8455 1002.3019
HSBC Arbitrage Fund - Regular Plan - Quarterly IDCW HSBC Banking and PSU Debt Fund-Direct Plan - Monthly IDCW
20-Dec-24 0.22 0.22 11.1685 27-Jan-25 0.0700 0.0700 11.2640
20-Sep-24 0.22 0.22 11.2124 26-Dec-24 0.0700 0.0700 11.2634
21-Jun-24 0.22 0.22 11.2520 25-Nov-24 0.0700 0.0700 11.2758
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 27-Jan-25 0.0700 0.0700 10.5836
HSBC Aggressive Hybrid Fund-Regular Plan - Annual IDCW 26-Dec-24 0.0700 0.0700 10.5908
26-Feb-24 1.5000 1.5000 17.8919 25-Nov-24 0.0700 0.0700 10.6100
HSBC Aggressive Hybrid Fund-Direct Plan - IDCW HSBC Corporate Bond Fund - Direct Plan - Monthly IDCW
27-Jan-25 0.2400 0.2400 31.9442 21-Nov-22 0.0638 0.0638 10.1828
26-Dec-24 0.2400 0.2400 35.6261 25-Oct-22 0.0404 0.0404 10.1594
25-Nov-24 0.2400 0.2400 35.1959 25-Aug-22 0.0546 0.0546 10.1793
HSBC Aggressive Hybrid Fund-Regular Plan - IDCW HSBC Corporate Bond Fund - Regular Plan - Monthly IDCW
27-Jan-25 0.2100 0.2100 27.0853 21-Nov-22 0.0600 0.0600 10.1015
26-Dec-24 0.2100 0.2100 30.2411 25-Aug-22 0.0214 0.0214 10.0354
25-Nov-24 0.2100 0.2100 29.9085 25-Mar-22 0.0196 0.0196 10.0521
HSBC Balanced Advantage Fund-Direct Plan - IDCW HSBC Corporate Bond Fund - Direct Plan - Quarterly IDCW
27-Jan-25 0.1550 0.1550 22.6317 26-Dec-24 0.2200 0.2200 11.5012
26-Dec-24 0.1550 0.1550 23.8888 25-Sep-24 0.2200 0.2200 11.5434
25-Nov-24 0.1550 0.1550 23.8168 25-Jun-24 0.2200 0.2200 11.4645
HSBC Balanced Advantage Fund-Regular Plan - IDCW HSBC Corporate Bond Fund - Regular Plan - Quarterly IDCW
27-Jan-25 0.1350 0.1350 19.2161 26-Dec-24 0.2100 0.2100 11.1084
26-Dec-24 0.1350 0.1350 20.3106 25-Sep-24 0.2100 0.2100 11.1560
25-Nov-24 0.1350 0.1350 20.2755 25-Jun-24 0.2100 0.2100 11.0865
HSBC Equity Savings Fund-Direct Plan - Quarterly IDCW HSBC Corporate Bond Fund - Quarterly IDCW
26-Dec-24 0.3400 0.3400 19.0956 26-Dec-24 0.2100 0.2100 11.1084
25-Sep-24 0.3300 0.3300 18.8847 25-Sep-24 0.2100 0.2100 11.1560
25-Jun-24 0.3300 0.3300 18.3479 25-Jun-24 0.2100 0.2100 11.0865
HSBC Equity Savings Fund-Regular Plan - Quarterly IDCW HSBC Corporate Bond Fund - Quarterly IDCW
26-Dec-24 0.3100 0.3100 17.3883 26-Dec-24 0.2100 0.2100 11.1084
25-Sep-24 0.3000 0.3000 17.2342 25-Sep-24 0.2100 0.2100 11.1560
25-Jun-24 0.3000 0.3000 16.7805
25-Jun-24 0.2100 0.2100 11.0865
HSBC Equity Savings Fund-Direct Plan - Monthly IDCW
HSBC Corporate Bond Fund - Direct Plan- Semi Annual IDCW
27-Jan-25 0.1100 0.1100 16.8953
26-Dec-24 0.1100 0.1100 18.2100 25-Sep-24 0.7800 0.7800 20.5976
25-Nov-24 0.1100 0.1100 17.7972 26-Mar-24 0.7800 0.7800 20.4858
HSBC Equity Savings Fund-Regular Plan - Monthly IDCW 25-Sep-23 0.6500 0.6500 20.4168
27-Jan-25 0.0950 0.0950 14.9943 HSBC Corporate Bond Fund - Regular Plan- Semi Annual IDCW
26-Dec-24 0.0950 0.0950 16.1711 25-Sep-24 0.6500 0.6500 17.2586
25-Nov-24 0.0950 0.0950 15.8138 26-Mar-24 0.6500 0.6500 17.1895
HSBC Business Cycles Fund -Direct Plan - Monthly IDCW 25-Sep-23 0.6000 0.6000 17.2145
26-Aug-24 2.5000 2.5000 31.8167
HSBC Corporate Bond Fund - Direct Plan - Annual IDCW
25-Aug-23 1.2500 1.2500 21.7422
26-Mar-24 0.9500 0.9500 12.5673
22-Jul-22 1.2000 1.2000 18.5470
HSBC Business Cycles Fund -Regular Plan - Monthly IDCW HSBC Corporate Bond Fund - Regular Plan - Annual IDCW
26-Aug-24 2.5000 2.5000 29.6532 26-Mar-24 0.9300 0.9300 12.3461
25-Aug-23 1.2000 1.2000 20.5047 HSBC Credit Risk Fund -Direct Plan - IDCW
22-Jul-22 1.1000 1.1000 17.6530 27-Jan-25 0.08 0.08 11.073
HSBC Value Fund - Direct Plan -IDCW 26-Dec-24 0.08 0.08 11.0699
27-Jan-25 4.7500 4.7500 63.3157 25-Nov-24 0.08 0.08 11.084
25-Jan-24 4.5000 4.5000 59.7744
HSBC Credit Risk Fund -Regular Plan - IDCW
25-Jan-23 3.5000 3.5000 44.8922
27-Jan-25 0.075 0.075 10.173
HSBC Value Fund - Regular Plan -IDCW
27-Jan-25 4.7500 4.7500 51.2994 26-Dec-24 0.075 0.075 10.1788
25-Jan-24 4.5000 4.5000 49.7006 25-Nov-24 0.075 0.075 10.2003
25-Jan-23 3.5000 3.5000 38.2523 HSBC Credit Risk Fund -Direct Plan - Annual IDCW
HSBC Overnight Fund-Direct Plan - Monthly IDCW 26-Mar-24 1.05 1.05 13.1627
27-Jan-25 5.8075 5.8075 1000.0014 HSBC Credit Risk Fund -Regular Plan - Annual IDCW
26-Dec-24 5.5649 5.5649 1000.0014 26-Mar-24 1 1 12.353
25-Nov-24 5.3819 5.3819 1000.0014

77
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-Dec-24 0.2300 0.2300 12.7398 25-Nov-24 1.7500 1.7500 31.2894
25-Sep-24 0.2300 0.2300 12.9522 26-Mar-24 2.0000 2.0000 27.0898
25-Jun-24 0.2300 0.2300 12.7422 28-Nov-23 2.0000 2.0000 25.9282
HSBC Gilt Fund-Regular Plan - Quarterly IDCW HSBC Midcap Fund-Direct Plan - IDCW
26-Dec-24 0.2000 0.2000 11.0833 26-Aug-24 7.5000 7.5000 98.1336
25-Sep-24 0.2000 0.2000 11.3021 25-Aug-23 5.5000 5.5000 66.1069
25-Jun-24 0.2000 0.2000 11.1517 26-Aug-22 4.2500 4.2500 59.6000
HSBC Ultra Short Duration Fund -Direct Plan - IDCW HSBC Midcap Fund-Regular Plan - IDCW
27-Jan-25 6.4805 6.4805 1017.8627 26-Aug-24 7.5000 7.5000 87.5336
26-Dec-24 5.4780 5.4780 1016.8602 25-Aug-23 5.0000 5.0000 59.6460
25-Nov-24 6.0450 6.0450 1017.4272 26-Aug-22 3.7500 3.7500 54.2400
HSBC Ultra Short Duration Fund -Regular Plan - IDCW HSBC Small Cap Fund-Direct Plan - IDCW
27-Jan-25 6.3448 6.3448 1033.3281 27-May-24 4.0000 4.0000 51.9606
26-Dec-24 5.3469 5.3469 1032.3302 25-May-23 3.0000 3.0000 36.9292
25-Nov-24 5.9099 5.9099 1032.8932 21-Oct-22 2.0000 2.0000 35.4780
HSBC Short Duration Fund-Direct Plan - Monthly IDCW HSBC Small Cap Fund-Regular Plan - IDCW
27-Jan-25 0.0922 0.0922 11.8079 27-May-24 4.0000 4.0000 46.1767
26-Dec-24 0.0641 0.0641 11.7798 25-May-23 3.0000 3.0000 33.4612
25-Nov-24 0.0580 0.0580 11.7737 21-Oct-22 1.8500 1.8500 32.3730
HSBC Short Duration Fund-Regular Plan - Monthly IDCW HSBC Medium to Long Duration Fund- Direct Plan - Quarterly IDCW
27-Jan-25 0.0822 0.0822 11.1290 26-Dec-24 0.1950 0.1950 10.8084
26-Dec-24 0.0559 0.0559 11.1027 25-Sep-24 0.1950 0.1950 10.9191
25-Nov-24 0.0501 0.0501 11.0969 25-Jun-24 0.1950 0.1950 10.7767
HSBC Short Duration Fund-Direct Plan - Quarterly IDCW HSBC Medium to Long Duration Fund- Regular Plan - Quarterly IDCW
26-Dec-24 0.2200 0.2200 11.4800 26-Dec-24 0.1900 0.1900 10.8361
25-Sep-24 0.2200 0.2200 11.5194 25-Sep-24 0.1900 0.1900 10.9749
25-Jun-24 0.2200 0.2200 11.4649 25-Jun-24 0.1500 0.1500 10.8189
HSBC Short Duration Fund-Regular Plan - Quarterly IDCW HSBC Money Market Fund - Direct Plan - Monthly IDCW
26-Dec-24 0.2000 0.2000 10.6390 27-Jan-25 0.0786 0.0786 12.2677
25-Sep-24 0.2000 0.2000 10.6868 26-Dec-24 0.0656 0.0656 12.2547
25-Jun-24 0.2000 0.2000 10.6448 25-Nov-24 0.0746 0.0746 12.2637
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 27-Jan-25 0.0723 0.0723 11.6120
HSBC Short Duration Fund-Regular Plan - Annual IDCW 26-Dec-24 0.0602 0.0602 11.5999
26-Mar-24 0.9500 0.9500 12.5516 25-Nov-24 0.0687 0.0687 11.6084
HSBC Low Duration Fund-Direct Plan - Monthly IDCW HSBC Conservative Hybrid Fund -Direct Plan - Monthly IDCW
27-Jan-25 0.072862 0.072862 11.1228 27-Jan-25 0.1100 0.1100 17.5607
26-Dec-24 0.056596 0.056596 11.1065 26-Dec-24 0.1100 0.1100 18.1704
25-Nov-24 0.06713386 0.06713386 11.117 25-Nov-24 0.1100 0.1100 18.0432
HSBC Low Duration Fund-Regular Plan - Monthly IDCW HSBC Conservative Hybrid Fund -Regular - Monthly IDCW
27-Jan-25 0.061791 0.061791 10.4017 27-Jan-25 0.0850 0.0850 13.2473
26-Dec-24 0.048104 0.048104 10.388 26-Dec-24 0.0850 0.0850 13.7192
25-Nov-24 0.05937282 0.05937282 10.3993 25-Nov-24 0.0850 0.0850 13.6346
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-Dec-24 0.3400 0.3400 18.2419
HSBC Low Duration Fund-Regular Plan - Annual IDCW
25-Sep-24 0.3200 0.3200 18.3505
26-Mar-24 0.85 0.85 10.9226
25-Jun-24 0.3200 0.3200 18.0331
HSBC Medium Duration Fund-Direct Plan - Monthly IDCW
27-Jan-25 0.0750 0.0750 11.6083 HSBC Conservative Hybrid Fund -Direct- Quarterly IDCW
26-Dec-24 0.0750 0.0750 11.5747 26-Dec-24 0.2900 0.2900 15.9032
25-Nov-24 0.0750 0.0750 11.5724 25-Sep-24 0.2700 0.2700 15.9560
HSBC Medium Duration Fund-Regular Plan - Monthly IDCW 25-Jun-24 0.2800 0.2800 15.6496
27-Jan-25 0.0700 0.0700 10.5955
HSBC Dynamic Bond Fund - Direct Monthly IDCW
26-Dec-24 0.0700 0.0700 10.5728
27-Jan-25 0.165072 0.165072 12.8718
25-Nov-24 0.0700 0.0700 10.5785
26-Dec-24 0.066041 0.066041 12.7727
HSBC Medium Duration Fund-Direct Plan - Annual IDCW
26-Mar-24 1.0000 1.0000 12.5135 25-Nov-24 0.01050941 0.01050941 12.7172
HSBC Medium Duration Fund-Regular Plan - Annual IDCW HSBC Dynamic Bond Fund - Regular Monthly IDCW
26-Mar-24 0.9200 0.9200 11.5445 27-Jan-25 0.133113 0.133113 10.8029
HSBC ELSS Tax saver Fund-Direct Plan - IDCW 26-Dec-24 0.048634 0.048634 10.7184
25-Nov-24 2.2500 2.2500 45.0415
25-Sep-24 0.14808569 0.14808569 10.8179
26-Mar-24 2.5000 2.5000 38.4406
28-Nov-23 2.0000 2.0000 35.8730

78
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-24 3.2500 3.2500 44.1975
HSBC Dynamic Bond Fund - Regular Annual IDCW 25-Sep-23 2.2500 2.2500 30.3492
26-Mar-24 0.82 0.82 11.1008 23-Sep-22 2.0000 2.0000 25.0800
HSBC Asia Pacific (Ex Japan) Div Yield Fund - Direct IDCW HSBC Infrastructure Fund- Direct- IDCW
26-Feb-24 1.5 1.5 17.1023 25-Sep-24 3.7500 3.7500 49.0963
27-Feb-23 1.5 1.5 17.5205 25-Sep-23 2.5000 2.5000 33.3907
28-Feb-22 1.5 1.5 19.9776 23-Sep-22 2.2500 2.2500 27.3700
HSBC Asia Pacific (Ex Japan) Div Yield Fund - Regular IDCW HSBC Global Emerging Markets Fund- Regular - IDCW
26-Feb-24 1.5 1.5 17.2531 26-Mar-24 1.2000 1.2000 15.6196
27-Feb-23 1.5 1.5 17.7537 25-Mar-22 1.2500 1.2500 17.5630
HSBC Large Cap Fund- Regular - IDCW 27-Jun-14 0.5000 0.5000 11.5335
26-Dec-24 4.25 4.25 50.3195 HSBC Global Emerging Markets Fund- Direct - IDCW
26-Dec-23 4.00 4.00 45.8939 25-Mar-22 1.3500 1.3500 18.7673
26-Dec-22 3.50 3.50 40.8544 27-Jun-14 0.5000 0.5000 11.6656
HSBC Large Cap Fund- Direct - IDCW HSBC Large & Mid Cap Fund - Direct - IDCW
26-Dec-24 4.25 4.25 47.4802 26-Mar-24 1.9000 1.9000 21.2989
26-Dec-23 4.00 4.00 43.1665 27-Mar-23 1.3000 1.3000 15.9049
26-Dec-22 3.50 3.50 38.2999 HSBC Large & Mid Cap Fund - Regular - IDCW
HSBC Flexi Cap Fund - Regular-IDCW 26-Mar-24 1.7500 1.7500 19.6820
26-Feb-24 3.75 3.75 45.1527 27-Mar-23 1.3000 1.3000 14.9360
27-Feb-23 3.00 3.00 34.2231 HSBC Managed Solution India - Conservative - Regular IDCW
HSBC Focused Fund - Regular IDCW 25-Apr-24 1.5000 1.5000 18.2343
25-Jul-24 1.50 1.50 20.1265 25-Apr-23 1.3000 1.3000 18.1105
25-Jul-23 1.00 1.00 15.9699 HSBC Multi Cap Fund - Regular IDCW
25-Jul-22 1.00 1.00 14.3455 27-Jan-25 1.6000 1.6000 16.8209
HSBC Focused Fund - Direct IDCW HSBC Managed Solutions India - Growth - Direct IDCW
25-Jul-22 1.04 1.04 14.8246 25-Apr-24 3.0000 3.0000 34.4987
26-Jul-21 0.66 0.66 14.7497 25-Apr-23 2.2500 2.2500 27.8948
HSBC Tax Saver Equity Fund- Regular - IDCW HSBC Managed Solutions India - Growth - Regular IDCW
27-Jan-25 3.0000 3.0000 34.5380 25-Apr-24 3.0000 3.0000 33.1281
25-Jan-23 2.2500 2.2500 26.4915 25-Apr-23 2.2500 2.2500 27.1032
25-Jan-21 0.5000 0.5000 22.1700 HSBC Managed Solutions India - Moderate - Direct IDCW
HSBC Tax Saver Equity Fund- Direct - IDCW 25-Apr-23 0.6500 0.6500 15.1241
27-Jan-25 3.0000 3.0000 38.3804 18-Apr-22 1.0000 1.0000 15.5392
25-Jan-23 2.2500 2.2500 28.4860 HSBC Managed Solutions India - Moderate - Regular IDCW
25-Jan-22 1.1000 1.1000 29.7935 25-Apr-24 2.5000 2.5000 29.7537
25-Apr-23 1.5000 1.5000 24.8536

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 may or may not be sustained in the future and is not indicative of future results.

Minimum Application Amount (SIP)##

Minimum Application Amount (SIP) for all schemes (Effective from August 30, 2024):

Frequency Minimum Installment Amount Minimum number of Installments SIP Dates

HSBC ELSS Tax
Equity and Debt and Fund HSBC ELSS Tax Saver
Saver Fund and Equity and Hybrid Debt and Fund of Funds
Hybrid of Funds (FoF) Fund and HSBC Tax
HSBC Tax Saver Schemes# (FoF) Schemes#
Schemes# Schemes# Saver Equity Fund*
Equity Fund*
Minimum 6 installments subject Minimum 6 installments subject Minimum 6 installments subject Any
Weekly Rs 500/- Rs 500/- Rs 500/- to aggregate of Rs. 6000/- to aggregate of Rs. 6000/- to aggregate of Rs. 3000/- Dates
Minimum 6 installments subject Minimum 6 installments subject Minimum 6 installments subject
Monthly Rs 500/- Rs 1000/- Rs 500/- to aggregate of Rs. 6000/- to aggregate of Rs. 6000/- to aggregate of Rs. 3000/-
Minimum 4 installments subject Minimum 4 installments subject Minimum 6 installments subject
Quaterly Rs 1500/- Rs 1500/- Rs 500/- to aggregate of Rs. 6000/- to aggregate of Rs. 6000/- to aggregate of Rs. 3000/-
#
In multiples of Re. 1/- *In multiples of Rs. 500/-
As per ELSS guidelines, a mutual fund can have only one open-ended ELSS scheme. In view of the said restriction, subscription into HSBC Tax saver Equity Fund has been closed from business hours on
November 25, 2022. Hence, no SIP, STP or switch into HSBC Tax saver Equity Fund is allowed from the close of business hours on November 25, 2022. However, the unitholders will be allowed to hold their
existing investments, except that no further investments / subscription would be accepted. Unitholders will be permitted to redeem / switch out their units post the mandatory lock-in period.
The above amendment in minimum SIP amount, number of installments and aggregate amount for SIP shall be applicable only for prospective investors from the Effective Date.

79
Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

Modera Modera
derate t derate t
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk
to te H to te H
a Ri i a Ri i
er k er k
Mo Low

Mo Low
gh

gh
s s
d

d
sk

sk
Ri

Ri
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk
The risk of the scheme is Very High Risk The risk of the benchmark is 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 [Link] 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. • 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)
HSBC India Export Opportunities Fund (Thematic Fund) - An open ended equity scheme following export theme • To create wealth over long term • Investment predominantly in equity and equity
related securities of companies engaged in or expected to benefit from export of goods or services (Benchmark: Nifty 500 TRI)

BSE 200 TRI NIFTY Short Duration Debt Index

derate
Mo sk
Modera
t
High R ely
derate
Mo sk
Modera
t
High R ely
HSBC Multi Asset Allocation Fund (Multi Asset Allocation) - An open ended scheme
Ri isk Ri isk
to te
er
a
H
Ri ig
to te
er
a
H
Ri i investing in Equity & Equity Related instruments, Debt & Money Market Securities and
Mo Low

Mo Low

Modera
derate
gh

sk sk
h

t
d

Mo sk High R ely
sk

sk

Gold / Silver ETFs.

Ri

Ri

Ri isk
Ver isk

Ver isk

to te H
• Long term wealth creation. • Investment in equity and equity related securities, fixed
Ri i
Low

Low
y High

y High
R

R
Risk

Risk

a
er k
Mo Low

gh

s income instruments and Gold / Silver ETFs (Benchmark: BSE 200 TRI (65%) + NIFTY
d

sk
Ri

The risk of the benchmark is Very High Risk The risk of the benchmark is Low to Moderate Risk
Short Duration Debt Index (20%) +Domestic Price of Gold (10%)+Domestic Price of
Ver isk
Low

y High

Silver (5%))
R
Risk

Domestic price of gold Domestic price of silver

derate
Modera
derate
Modera Riskometer for HSBC Multi Asset Allocation Fund is as on December 31, 2024.
The risk of the scheme is Very High Risk Mo sk
Ri
t
High R ely
isk
Mo sk
Ri
t
High R ely
isk
to te H to te H
a Ri i a Ri ig
er k er k
Mo Low

Mo Low
gh

s s
d

d
sk

sk
Ri

Ri
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk

The risk of the benchmark is Moderately High Risk The risk of the benchmark is Very High Risk

derate
Modera
t derate
Modera
t
HSBC Overnight Fund (Overnight fund) - An open ended debt scheme investing in overnight securities. Relatively Low
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk interest rate risk and relatively Low credit risk. • Income over short term and high liquidity • The scheme primarily
to te H to te H
a Ri i a Ri i invests in Debt, Money Market instruments, Cash and Cash equivalents (including Repo) with overnight maturity /
er k er k
Mo Low

Mo Low
gh

gh

s s
d

maturing on or before next business day. (Benchmark: NIFTY 1D Rate Index)

sk

sk
Ri

Ri
Ver isk

Ver isk

HSBC Arbitrage Fund (Erstwhile L&T Arbitrage Opportunities Fund) (Arbitrage Fund) - An open ended scheme
Low

Low
y High

y High
R

R
Risk

Risk

investing in arbitrage opportunities. • Generation of reasonable returns over short to medium term • Investment
predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets; and debt and
The risk of the scheme is Low Risk The risk of the benchmark is Low Risk money market instrument. (Benchmark: Nifty 50 Arbitrage Index)

80
Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

Modera Modera
derate t derate t
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk
to te H to te H
a Ri i a Ri i
er k er k
Mo Low

Mo Low
gh

gh
s s
d

d
sk

sk
Ri

Ri
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk
The risk of the scheme is Moderate Risk The risk of the benchmark is 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 • The Scheme invests across all classes of fixed income instruments with no cap or floor on maturity, duration or
instrument type concentrations. This makes the scheme different from other existing open – ended income/debt schemes of the Fund. (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 • The Scheme will invest predominantly in corporate debt securities
rated AA+ and above. (Benchmark: NIFTY Corporate Bond Index A-II)
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 • The Scheme as per the asset allocation pattern has to invest a minimum of 80% in Government Securities and Treasury bills. (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 • This scheme primarily takes exposure to securities with Macaulay duration of the portfolio is between 4 years 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 • An open ended debt scheme predominantly investing in fixed income instruments such that the Macaulay duration of the portfolio is
between 3 years to 4 years. (Benchmark: NIFTY Medium Duration Debt Index A-III)
HSBC Equity Savings Fund (Erstwhile L&T Equity Savings Fund) (Equity Savings Fund) - An open ended scheme investing in equity, arbitrage and debt.
• Generation of regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segment 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 (Benchmark: NIFTY Equity Savings Index)

Modera Modera Modera Modera

derate t derate t derate t derate t
Mo sk High R ely Mo sk High R ely Mo sk High R ely Mo sk High R ely
Ri isk Ri isk Ri isk Ri isk
to te H to te H to te H to te H
a Ri i a Ri i a Ri i a Ri i
er k er k er k er k
Mo Low

Mo Low

Mo Low

Mo Low
gh

gh

gh

gh
s s s s
d

d
sk

sk

sk

sk
Ri

Ri

Ri

Ri
Ver isk

Ver isk

Ver isk

Ver isk
Low

Low

Low

Low
y High

y High

y High

y High
R

R
Risk

Risk

Risk

Risk
The risk of the scheme is Moderately High Risk The risk of the benchmark is Moderately High Risk The risk of the scheme is Moderate Risk The risk of the benchmark is Low to Moderate Risk

HSBC Conservative Hybrid Fund (Erstwhile HSBC Regular Savings Fund) (Conservative HSBC Banking & PSU Debt Fund (Erstwhile L&T Banking and PSU Debt Fund) (Banking
Hybrid Fund) - An open ended hybrid scheme investing predominantly in debt instruments. • and PSU Fund) - An open ended debt scheme primarily investing in debt instruments of
Investment in fixed income (debt and money market instruments) as well as equity and equity banks, public sector undertakings, public financial institutions and municipal bonds. A
related securities. • Capital appreciation over medium to long term (Benchmark: NIFTY 50 relatively high interest rate risk and relatively low credit risk.
Hybrid Composite Debt 15:85 Index) • Generation of reasonable returns and liquidity over short term • The portfolio will primarily
be invested in debt and money market instruments consisting predominantly of securities
HSBC Credit Risk Fund (Erstwhile L&T Credit Risk Fund) (Credit Risk Fund) - An open ended issued by entities such as Banks, Public Sector undertakings, Public Financial Institutions
debt scheme predominantly investing in AA and below rated corporate bonds (excluding (PFIs) and Municipal Bonds. (Benchmark: Nifty Banking & PSU Debt Index A-II)
AA+rated corporate bonds). A relatively high interest rate risk and relatively high credit risk.
• Generation of regular returns and capital appreciation over medium to long term • An open HSBC Short Duration Fund (Erstwhile L&T Short Term Bond Fund) (Short Duration Fund) -
ended debt scheme predominantly investing in AA and below rated corporate bonds. The An open ended short term debt scheme investing in instruments such that the Macaulay
scheme may also invest in various debt securities, government securities and money market duration of the portfolio is between 1 year to 3 years for details on Macaulay’s Duration
instruments, REITs and InvITs (Benchmark: NIFTY Credit Risk Bond Index B-II) please refer to SID under the section “Asset Allocation Pattern”). A moderate interest rate risk
and moderate credit risk. • Generation of regular returns over short term • The Scheme will
Invest predominantly in debt and money market instruments such that the Macaulay duration
of the portfolio is between 1 year to 3 years. (Benchmark: Nifty Short Duration Debt Index
A-II)

Modera Modera
derate t derate t
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk
to te H to te H
a Ri i a Ri i
er k er k
Mo Low

Mo Low
gh

gh

s s
d

d
sk

sk
Ri

Ri
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk

The risk of the scheme is Low to Moderate Risk The risk of the benchmark is Low to Moderate Risk

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 • This scheme invests in money market and debt securities with low risk and high level of liquidity. (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 • The Scheme will Invest predominantly in debt and 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.
• The Scheme will Invest predominantly in debt and money market instruments such that the Macaulay duration of the Portfolio is between 3 months to 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 • The scheme aims to generate regular income through investment in a portfolio comprising substantially of money market instruments.
(Benchmark: NIFTY Money Market Index A-I)
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 • The Scheme shall predominantly track the performance of CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028. (Benchmark:
CRISIL IBX 50:50 Gilt Plus SDL Index – April 2028)
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. • The Scheme shall predominantly track the performance of CRISIL IBX Gilt Index – June 2027. (Benchmark: CRISIL-IBX Gilt Index - June 2027)

81
Product Labelling
Scheme name and Type of scheme This product is suitable for investors who are seeking#

Modera Modera
derate t derate t
Mo sk High R ely Mo sk High R ely
Ri isk Ri isk
to te H to te H
a Ri i a Ri i
er k er k
Mo Low

Mo Low
gh

gh
s s
d

d
sk

sk
Ri

Ri
Ver isk

Ver isk
Low

Low
y High

y High
R

R
Risk

Risk
The risk of the scheme is Very High Risk The risk of the benchmark is High Risk

HSBC Aggressive Hybrid Fund (Erstwhile L&T Hybrid Equity Fund) (Aggressive Hybrid Fund) - An open ended hybrid scheme investing predominantly in equity and equity related instruments. •
Long term wealth creation and income • Investment in equity and equity related securities and fixed income instruments (Benchmark: Nifty 50 Hybrid composite debt 65:35 Index)

Modera Modera Modera Modera

derate t derate t derate t derate t
Mo sk High R ely Mo sk High R ely Mo sk High R ely Mo sk High R ely
Ri isk Ri isk Ri isk Ri isk
to te H to te H to te H to te H
a Ri i a Ri i a Ri i a Ri i
er k er k er k er k
Mo Low

Mo Low

Mo Low

Mo Low
gh

gh

gh

gh
s s s s
d

d
sk

sk

sk

sk
Ri

Ri

Ri

Ri
Ver isk

Ver isk

Ver isk

Ver isk
Low

Low

Low

Low
y High

y High

y High

y High
R

R
Risk

Risk

Risk

Risk
The risk of the scheme is High Risk The risk of the benchmark is High Risk The risk of the scheme is High Risk The risk of the benchmark is Very High Risk

HSBC Balanced Advantage Fund (Erstwhile L&T Balanced Advantage Fund) (Balanced HSBC Managed Solutions India - Moderate (Fund of Funds (Overseas/Domestic)) - An
Advantage Fund) - An open ended dynamic asset allocation fund. Open Ended Fund of Funds Scheme investing in a basket of equity, debt, Gold and other
• Long term capital appreciation and generation of reasonable returns • Investment in equity Exchange Traded Funds. • To create wealth and provide income over the long-term •
and equity related instruments, derivatives and debt and money market instruments Investments in a basket of debt mutual funds, equity mutual funds, gold & exchange traded
(Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index) funds, offshore mutual funds and money market instruments (Benchmark: CRISIL Hybrid
35+65 - Aggressive Index)

Riskometer of the Benchmark - CRISIL Riskometer of the Benchmark -

Composite Bond Fund Index BSE 200 TRI Index

Modera Modera Modera

derate t derate t derate t
Mo sk High R ely Mo sk High R ely Mo sk High R ely
Ri isk Ri isk Ri isk
to te H e H to te H
a Ri i at Ri i a Ri i
er k er k er k
Mo Low

Mo Low
gh

gh

gh
Lo

s s s
d

d
sk

sk

sk
Mo

w
Ri

Ri

Ri
toVe isk
Ver isk

Ver isk
ry Hi
Low

Low

Low
y High

y High
R

R
Risk

Risk

Risk
gh

The risk of the scheme is Moderately High Risk The risk of the benchmark is Moderate Risk The risk of the benchmark is Very High 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: BSE 200 TRI Index. Additional Benchmark: CRISIL Composite Bond Fund Index)

Riskometer of the Benchmark - CRISIL Riskometer of the Benchmark -

Composite Bond Fund Index BSE 200 TRI Index

Modera Modera
derate t derate t derate
Modera
t
Mo sk High R ely Mo sk High R ely Mo sk High R ely
Ri isk Ri isk Ri isk
to te H to te H to te H
a Ri i a Ri i a Ri i
er k er k er k
Mo Low

Mo Low

Mo Low
gh

gh

gh

s s s
d

d
sk

sk

sk
Ri

Ri

Ri
Ver isk

Ver isk

Ver isk
Low

Low

Low
y High

y High
R

y High
R
Risk

Risk

Risk

The risk of the scheme is Very High Risk The risk of the benchmark is Moderate Risk The risk of the benchmark is 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: 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 January 31, 2025. However, the Riskometer for HSBC Multi Asset Allocation Fund is as
on December 31, 2024.
82
Statutory Details & Disclaimers
All returns have been sourced from Mutual Funds India Explorer software unless otherwise stated.
Views provided above are based on information in public domain at this moment and subject to change. Investors are requested to consult their financial
advisor for any investment decisions. The sector(s) details mentioned in this document do not constitute any research report nor it should be considered as an
investment research, investment recommendation or advice to any reader of this content to buy or sell any stocks / investments.
Investors are requested to note that as per SEBI (Mutual Funds) Regulations, 1996 and guidelines issued thereunder, HSBC AMC, its employees and/or
empaneled distributors/agents are forbidden from guaranteeing/promising/assuring/predicting any returns or future performances of the schemes of HSBC
Mutual Fund. Hence please do not rely upon any such statements/commitments. If you come across any such practices, please register a complaint via email
at [Link]@[Link].
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.

HSBC Asset Management (India) Private Limited

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June '23