HSBC CAPITAL PROTECTION FUND SERIES 2 PLAN 1

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 83.21%Corporate/ PSU Debt EQUITY 9.08%

Net Current Assets 5.10%Corporate Bonds / Debentures Cash Equivalents 2.61%

Total Net Assets 100.00%Power Finance Corporation Ltd. 1,378.73 19.51% CRISIL AAASmall Industries Development Bk of India 1,363.12 19.29% CARE AAANational Bk for Agriculture & Rural Dev. 999.12 14.14% CRISIL AAAPower Grid Corporation of India Ltd. 993.76 14.06% CRISIL AAAKotak Mahindra Prime Ltd. 647.52 9.16% CRISIL AAA Rating Category % to Net Assets

LIC Housing Finance Ltd. 498.16 7.05% CRISIL AAA AAA and equivalents 83.21%5,880.40 83.21% OPTIONS 9.08%

Reverse Repos/ CBLOs 2.61%EQUITY Net Current Assets 5.10%

Total Net Assets 100.00%Options on Index 641.43 9.08%

Cash Equivalents

CBLO 0.17 0.00%

Reverse Repos 184.25 2.61%

Net Current Assets: 359.55 5.10%Total Net Assets as on 04-Mar-2016 7,065.80 100.00%

This product is suitable for investors who are seeking*:• Capital protection and capital appreciation linked to equity market at the end of long term;• Investing in high quality rated debt securities and money market instruments and equities through NIFTY (Index) Call Options

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC CAPITAL PROTECTION FUND SERIES 2 PLAN 2

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 83.22%Corporate/ PSU Debt EQUITY 8.41%

Cash Equivalents 4.82%Corporate Bonds / Debentures Net Current Assets 3.55%

Total Net Assets 100.00%Power Finance Corporation Ltd. 1,101.02 19.09% CRISIL AAAPower Grid Corporation of India Ltd. 1,021.08 17.71% CRISIL AAANational Bk for Agriculture & Rural Dev. 999.12 17.33% CRISIL AAALIC Housing Finance Ltd. 498.16 8.64% CRISIL AAAIndian Railway Finance Corporation Ltd. 472.47 8.19% CRISIL AAA Rating Category % to Net Assets

Small Industries Development Bk of India 100.23 1.74% CARE AAA AAA and equivalents 83.22%4,192.07 72.70% OPTIONS 8.41%

Reverse Repos/ CBLOs 4.82%Zero Coupon Bonds Net Current Assets 3.55%

Total Net Assets 100.00%Kotak Mahindra Prime Ltd. 606.60 10.52% CRISIL AAA

606.60 10.52%

EQUITY

Options on Index 485.14 8.41%

Cash Equivalents

CBLO 0.25 0.00%

Reverse Repos 277.43 4.81%

Net Current Assets: 205.01 3.55%Total Net Assets as on 04-Mar-2016 5,766.50 100.00%

This product is suitable for investors who are seeking*:• Capital protection and capital appreciation linked to equity market at the end of long term;• Investment in Debt/Money Market Instruments & investing in equities through NIFTY (Index) Call Options

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FLEXI DEBT FUND

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Government Securities 68.87%Money Market Instruments Corporate/ PSU Debt 15.96%

Cash Equivalents 5.55%Certificate of Deposit Net Current Assets 4.81%

Money Market Instruments 4.81%Export Import Bank of India 2,315.42 4.81% CRISIL AAA Total Net Assets 100.00%

2,315.42 4.81%

Corporate/ PSU Debt

Corporate Bonds / Debentures Rating Category % to Net Assets

SOVEREIGN 68.87%Rural Electrification Corporation Ltd. 3,172.92 6.59% CARE AAA AAA and equivalents 15.56%Shriram Transport Finance Company Ltd. 2,510.26 5.21% CRISIL AA+ AA+/ AA-/ AA and equivalents 5.21%Housing Development Finance Corp Ltd. 2,002.09 4.16% CRISIL AAA Reverse Repos/ CBLOs 5.55%

7,685.28 15.96% Net Current Assets 4.81%Total Net Assets 100.00%

Government Securities

7.72% GOVT OF INDIA RED 25-05-2025 8,447.38 17.55% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 6,938.67 14.41% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 4,677.50 9.72% SOVEREIGN8.27% GOVT OF INDIA RED- 09-06-2020 4,230.41 8.79% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 3,699.83 7.68% SOVEREIGN7.59% GOVT OF INDIA RED 11-01-2026 3,593.84 7.46% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 1,567.28 3.26% SOVEREIGN

33,154.91 68.87%

Cash Equivalents

CBLO 2.45 0.01%

Reverse Repos 2,668.88 5.54%

Net Current Assets: 2,319.94 4.81%Total Net Assets as on 04-Mar-2016 48,146.87 100.00%

This product is suitable for investors who are seeking*:• Regular income over long term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FLOATING RATE FUND - LONG TERM

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Money Market Instruments 57.02%Money Market Instruments Cash Equivalents 43.30%

Net Current Assets -0.32%Certificate of Deposit Total Net Assets 100.00%

Andhra Bank 498.73 19.13% CARE A1+498.73 19.13%

Commercial Paper Rating Category % to Net Assets

AAA and equivalents 57.02%Edelweiss Financial Services Ltd. 498.92 19.14% CRISIL A1+ Reverse Repos/ CBLOs 43.30%Adani Ports & Special Economic Zone Ltd. 488.79 18.75% [ICRA]A1+ Net Current Assets -0.32%

987.71 37.89% Total Net Assets 100.00%

Cash Equivalents

CBLO 1.03 0.04%

Reverse Repos 1,127.78 43.26%

Net Current Assets: -8.04 -0.32%Total Net Assets as on 04-Mar-2016 2,607.21 100.00%

This product is suitable for investors who are seeking*:• Liquidity over short term• Investment in floating rate and fixed rate Debt and Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC INCOME FUND - INVESTMENT

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Government Securities 69.81%Securitised Debt Corporate/ PSU Debt 20.94%

Net Current Assets 8.18%Investments - Asset Back Security Cash Equivalents 0.98%

Securitised Debt 0.09%India MBS 2002 Series I 7.38 0.09% CRISIL AAA (SO) Total Net Assets 100.00%

7.38 0.09%

Corporate/ PSU Debt

Corporate Bonds / Debentures Rating Category % to Net Assets

SOVEREIGN 69.81%Export Import Bank of India 533.55 6.53% CRISIL AAA AAA and equivalents 14.89%Shriram Transport Finance Company Ltd. 502.05 6.14% CRISIL AA+ AA+/ AA-/ AA and equivalents 6.14%Power Finance Corporation Ltd. 498.41 6.10% CRISIL AAA Reverse Repos/ CBLOs 0.98%Rural Electrification Corporation Ltd. 177.37 2.17% CARE AAA Net Current Assets 8.18%

1,711.38 20.94% Total Net Assets 100.00%

Government Securities

7.72% GOVT OF INDIA RED 25-05-2025 1,511.48 18.49% SOVEREIGN7.68% GOVT OF INDIA RED 15-12-2023 1,281.46 15.67% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 977.47 11.95% SOVEREIGN7.59% GOVT OF INDIA RED 11-01-2026 588.17 7.19% SOVEREIGN7.73% GOVT OF INDIA RED 19-12-2034 547.77 6.70% SOVEREIGN7.35% GOVT OF INDIA RED 22-06-2024 434.01 5.31% SOVEREIGN8.27% GOVT OF INDIA RED- 09-06-2020 367.86 4.50% SOVEREIGN5.59% GOVT OF INDIA RED 04-06-2016 0.40 0.00% SOVEREIGN

5,708.62 69.81%

Cash Equivalents

CBLO 0.07 0.00%

Reverse Repos 80.04 0.98%

Net Current Assets: 668.90 8.18%Total Net Assets as on 04-Mar-2016 8,176.40 100.00%

This product is suitable for investors who are seeking*:• Regular income over long term• Investment in diversified portfolio of fixed income securities

Investors understand that their principal will be at moderate risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC INCOME FUND - SHORT TERM

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 70.20%Money Market Instruments Money Market Instruments 14.11%

Government Securities 10.75%Certificate of Deposit Net Current Assets 2.71%

Cash Equivalents 2.23%IDBI Bank Ltd. 2,320.91 1.58% CRISIL A1+ Total Net Assets 100.00%Export Import Bank of India 2,315.42 1.58% CRISIL AAASmall Industries Development Bk of India 2,311.30 1.57% CARE A1+Punjab & Sind Bank 1,496.72 1.02% [ICRA]A1+State Bank of Hyderabad 998.02 0.68% [ICRA]A1+Andhra Bank 997.46 0.68% CARE A1+ Rating Category % to Net Assets

10,439.84 7.11% SOVEREIGN 10.75%AAA and equivalents 61.80%

Commercial Paper AA+/ AA-/ AA and equivalents 22.51%Reverse Repos/ CBLOs 2.23%

Adani Ports & Special Economic Zone Ltd. 4,877.33 3.32% [ICRA]A1+ Net Current Assets 2.71%AU Financiers India Ltd 2,494.47 1.70% Fitch A1+ Total Net Assets 100.00%AU Financiers India Ltd 2,424.97 1.65% Fitch A1+Adani Ports & Special Economic Zone Ltd. 488.79 0.33% [ICRA]A1+

10,285.56 7.00%

Corporate/ PSU Debt

Corporate Bonds / Debentures

L&T Finance Ltd. 7,479.81 5.09% CARE AA+Power Finance Corporation Ltd. 7,463.70 5.08% CRISIL AAARural Electrification Corporation Ltd. 6,061.15 4.13% CRISIL AAANational Bk for Agriculture & Rural Dev. 4,995.58 3.40% CRISIL AAALIC Housing Finance Ltd. 4,986.74 3.40% CARE AAATata Capital Financial Services Ltd. 4,983.89 3.39% CRISIL AA+National Bk for Agriculture & Rural Dev. 4,956.85 3.38% CRISIL AAAIndian Railway Finance Corporation Ltd. 3,549.11 2.42% CRISIL AAARural Electrification Corporation Ltd. 3,485.73 2.37% CRISIL AAAHousing Development Finance Corp Ltd. 3,066.77 2.09% CRISIL AAAPower Grid Corporation of India Ltd. 3,021.71 2.06% CRISIL AAARural Electrification Corporation Ltd. 2,561.99 1.74% CARE AAASRF Ltd. 2,524.76 1.72% Fitch AABajaj Finance Ltd. 2,520.07 1.72% CRISIL AA+Power Finance Corporation Ltd. 2,502.33 1.70% CRISIL AAATata Capital Financial Services Ltd. 2,498.83 1.70% CRISIL AA+Tata Capital Financial Services Ltd. 2,496.08 1.70% CRISIL AA+Tata Capital Financial Services Ltd. 2,493.72 1.70% CRISIL AA+LIC Housing Finance Ltd. 2,488.32 1.69% CARE AAANabha Power Ltd 2,484.05 1.69% [ICRA]AAA(SO)Power Grid Corporation of India Ltd. 2,023.90 1.38% CRISIL AAAHousing Development Finance Corp Ltd. 2,010.62 1.37% CRISIL AAATata Sons Ltd. 2,006.11 1.37% CRISIL AAAHousing Development Finance Corp Ltd. 1,981.69 1.35% CRISIL AAALIC Housing Finance Ltd. 1,510.28 1.03% CRISIL AAAKotak Mahindra Prime Ltd. 1,505.90 1.03% [ICRA]AAAIndia Infradebt Ltd. 1,494.91 1.02% CRISIL AAAHousing Development Finance Corp Ltd. 1,008.11 0.69% CRISIL AAALIC Housing Finance Ltd. 1,007.98 0.69% CRISIL AAALIC Housing Finance Ltd. 1,007.57 0.69% CRISIL AAALIC Housing Finance Ltd. 1,003.56 0.68% CARE AAAShriram Transport Finance Company Ltd. 1,003.20 0.68% CRISIL AA+Power Grid Corporation of India Ltd. 983.86 0.67% CRISIL AAALIC Housing Finance Ltd. 501.62 0.34% CRISIL AAAShriram Transport Finance Company Ltd. 271.81 0.19% CRISIL AA+Rural Electrification Corporation Ltd. 170.43 0.12% CRISIL AAAHousing Development Finance Corp Ltd. 90.17 0.06% CRISIL AAARural Electrification Corporation Ltd. 70.93 0.05% CRISIL AAA

96,273.79 65.58%

Zero Coupon Bonds

Cholamandalam Investment & Fin Co Ltd. 4,177.11 2.84% [ICRA]AACholamandalam Investment & Fin Co Ltd. 2,612.63 1.78% [ICRA]AA

6,789.74 4.62%

Government Securities

7.68% GOVT OF INDIA RED 15-12-2023 5,689.87 3.88% SOVEREIGN8.40% GOVT OF INDIA RED 28-07-2024 4,605.86 3.14% SOVEREIGN7.72% GOVT OF INDIA RED 25-05-2025 3,977.58 2.71% SOVEREIGN7.59% GOVT OF INDIA RED 11-01-2026 1,495.36 1.02% SOVEREIGN

15,768.66 10.75%

Cash Equivalents

CBLO 1,201.28 0.82%

Reverse Repos 2,076.08 1.41%

Net Current Assets: 3,992.94 2.71%Total Net Assets as on 04-Mar-2016 146,827.89 100.00%

This product is suitable for investors who are seeking*:• Regular income over medium term• Investment in diversified portfolio of fixed income securities

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC ULTRA SHORT TERM BOND FUND

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Money Market Instruments 48.76%Money Market Instruments Corporate/ PSU Debt 26.88%

Cash Equivalents 20.23%Certificate of Deposit Net Current Assets 4.13%

Total Net Assets 100.00%Corporation Bank 4,626.85 9.54% CRISIL A1+Export Import Bank of India 2,315.42 4.78% CRISIL AAASmall Industries Development Bk of India 2,311.30 4.77% CARE A1+State Bank of Hyderabad 1,497.03 3.09% [ICRA]A1+ Rating Category % to Net Assets

Punjab & Sind Bank 997.82 2.06% [ICRA]A1+ AAA and equivalents 67.07%Andhra Bank 997.46 2.06% CARE A1+ AA+/ AA-/ AA and equivalents 8.57%

12,745.88 26.30% Reverse Repos/ CBLOs 20.23%Net Current Assets 4.13%

Commercial Paper Total Net Assets 100.00%

Adani Ports & Special Economic Zone Ltd. 3,910.33 8.06% [ICRA]A1+AU Financiers India Ltd 2,494.47 5.14% Fitch A1+Cox & Kings Ltd. 2,493.57 5.14% CARE A1+Edelweiss Financial Services Ltd. 1,995.66 4.12% CRISIL A1+

10,894.03 22.46%

Corporate/ PSU Debt

Corporate Bonds / Debentures

Indiabulls Housing Finance Ltd. 2,501.16 5.16% CARE AAAHousing Development Finance Corp Ltd. 1,008.38 2.08% CRISIL AAARural Electrification Corporation Ltd. 1,007.21 2.08% CARE AAAHousing Development Finance Corp Ltd. 1,006.53 2.08% CRISIL AAALIC Housing Finance Ltd. 997.35 2.06% CARE AAATata Capital Financial Services Ltd. 996.83 2.06% CRISIL AA+Shriram Transport Finance Company Ltd. 503.35 1.04% CRISIL AA+Bajaj Finance Ltd. 502.83 1.04% [ICRA]AA+LIC Housing Finance Ltd. 501.62 1.03% CRISIL AAATata Sons Ltd. 501.53 1.03% CRISIL AAAShriram Transport Finance Company Ltd. 60.17 0.12% CRISIL AA+

9,586.96 19.78%

Zero Coupon Bonds

Housing Development Finance Corp Ltd. 1,350.69 2.79% CRISIL AAACholamandalam Investment & Fin Co Ltd. 1,045.05 2.16% [ICRA]AACholamandalam Investment & Fin Co Ltd. 1,044.28 2.15% [ICRA]AA

3,440.02 7.10%

Cash Equivalents

CBLO 8.98 0.02%

Reverse Repos 9,800.14 20.21%

Net Current Assets: 2,010.52 4.13%Total Net Assets as on 04-Mar-2016 48,486.54 100.00%

This product is suitable for investors who are seeking*:• Liquidity over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 105

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 80.00%Corporate/ PSU Debt Government Securities 12.94%

Net Current Assets 5.16%Corporate Bonds / Debentures Cash Equivalents 1.90%

Total Net Assets 100.00%Rural Electrification Corporation Ltd. 1,215.87 18.17% CRISIL AAAIndian Railway Finance Corporation Ltd. 1,196.63 17.88% CRISIL AAATata Capital Financial Services Ltd. 618.48 9.24% CRISIL AA+Kotak Mahindra Prime Ltd. 618.07 9.24% CRISIL AAAPower Finance Corporation Ltd. 522.20 7.80% CRISIL AAA Rating Category % to Net Assets

Housing Development Finance Corp Ltd. 513.80 7.68% CRISIL AAA SOVEREIGN 12.94%4,685.05 70.01% AAA and equivalents 60.77%

AA+/ AA-/ AA and equivalents 19.23%Zero Coupon Bonds Reverse Repos/ CBLOs 1.90%

Net Current Assets 5.16%Bajaj Finance Ltd. 668.62 9.99% [ICRA]AA+ Total Net Assets 100.00%

668.62 9.99%

Government Securities

8.48% HIMACHAL PRADESH SDL RED 23-01-17 866.16 12.94% SOVEREIGN866.16 12.94%

Cash Equivalents

CBLO 0.12 0.00%

Reverse Repos 127.36 1.90%

Net Current Assets: 344.91 5.16%Total Net Assets as on 04-Mar-2016 6,692.22 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 107

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 79.92%Corporate/ PSU Debt Government Securities 12.90%

Net Current Assets 5.15%Corporate Bonds / Debentures Cash Equivalents 2.03%

Total Net Assets 100.00%Rural Electrification Corporation Ltd. 688.99 18.20% CRISIL AAAIndian Railway Finance Corporation Ltd. 678.09 17.91% CRISIL AAATata Capital Financial Services Ltd. 349.14 9.22% CRISIL AA+Kotak Mahindra Prime Ltd. 348.91 9.21% CRISIL AAAHousing Development Finance Corp Ltd. 292.16 7.72% CRISIL AAA Rating Category % to Net Assets

Power Finance Corporation Ltd. 291.23 7.69% CRISIL AAA SOVEREIGN 12.90%2,648.52 69.95% AAA and equivalents 60.73%

AA+/ AA-/ AA and equivalents 19.19%Zero Coupon Bonds Reverse Repos/ CBLOs 2.03%

Net Current Assets 5.15%Bajaj Finance Ltd. 377.45 9.97% [ICRA]AA+ Total Net Assets 100.00%

377.45 9.97%

Government Securities

8.48% HIMACHAL PRADESH SDL RED 23-01-17 488.47 12.90% SOVEREIGN488.47 12.90%

Cash Equivalents

CBLO 0.07 0.00%

Reverse Repos 76.68 2.03%

Net Current Assets: 195.18 5.15%Total Net Assets as on 04-Mar-2016 3,786.37 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 109

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 79.94%Corporate/ PSU Debt Government Securities 12.91%

Net Current Assets 5.17%Corporate Bonds / Debentures Cash Equivalents 1.98%

Total Net Assets 100.00%Rural Electrification Corporation Ltd. 1,641.42 18.21% CRISIL AAAIndian Railway Finance Corporation Ltd. 1,615.46 17.92% CRISIL AAATata Capital Financial Services Ltd. 827.96 9.19% CRISIL AA+Kotak Mahindra Prime Ltd. 827.41 9.18% CRISIL AAAHousing Development Finance Corp Ltd. 705.22 7.82% CRISIL AAA Rating Category % to Net Assets

Power Finance Corporation Ltd. 692.92 7.69% CRISIL AAA SOVEREIGN 12.91%6,310.39 70.01% AAA and equivalents 60.82%

AA+/ AA-/ AA and equivalents 19.12%Zero Coupon Bonds Reverse Repos/ CBLOs 1.98%

Net Current Assets 5.17%Bajaj Finance Ltd. 895.09 9.93% [ICRA]AA+ Total Net Assets 100.00%

895.09 9.93%

Government Securities

8.48% HIMACHAL PRADESH SDL RED 23-01-17 1,163.27 12.91% SOVEREIGN1,163.27 12.91%

Cash Equivalents

CBLO 0.16 0.00%

Reverse Repos 178.24 1.98%

Net Current Assets: 466.76 5.17%Total Net Assets as on 04-Mar-2016 9,013.91 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 91

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 95.39%Corporate/ PSU Debt Net Current Assets 4.36%

Cash Equivalents 0.25%Corporate Bonds / Debentures Total Net Assets 100.00%

Power Finance Corporation Ltd. 1,911.80 16.00% CRISIL AAANational Bk for Agriculture & Rural Dev. 1,907.22 15.97% CRISIL AAARural Electrification Corporation Ltd. 1,906.12 15.96% CRISIL AAATata Capital Financial Services Ltd. 1,000.81 8.38% [ICRA]AA+ Rating Category % to Net Assets

Bajaj Finance Ltd. 1,000.74 8.38% CRISIL AA+ AAA and equivalents 70.74%Shriram Transport Finance Company Ltd. 942.70 7.89% CRISIL AA+ AA+/ AA-/ AA and equivalents 24.65%LIC Housing Finance Ltd. 501.70 4.20% CRISIL AAA Reverse Repos/ CBLOs 0.25%Power Grid Corporation of India Ltd. 501.41 4.20% CRISIL AAA Net Current Assets 4.36%Housing Development Finance Corp Ltd. 500.45 4.19% CRISIL AAA Total Net Assets 100.00%National Bk for Agriculture & Rural Dev. 351.32 2.94% CRISIL AAAHousing Development Finance Corp Ltd. 319.91 2.68% CRISIL AAARural Electrification Corporation Ltd. 310.40 2.60% CARE AAAPower Grid Corporation of India Ltd. 218.62 1.83% CRISIL AAAPower Finance Corporation Ltd. 20.07 0.17% CRISIL AAA

11,393.27 95.39%

Cash Equivalents

CBLO 0.03 0.00%

Reverse Repos 29.72 0.25%

Net Current Assets: 522.54 4.36%Total Net Assets as on 04-Mar-2016 11,945.55 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 94

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 95.51%Corporate/ PSU Debt Net Current Assets 4.05%

Cash Equivalents 0.44%Corporate Bonds / Debentures Total Net Assets 100.00%

Power Finance Corporation Ltd. 1,509.32 15.32% CRISIL AAARural Electrification Corporation Ltd. 1,504.83 15.27% CRISIL AAAPower Grid Corporation of India Ltd. 1,502.34 15.25% CRISIL AAATata Capital Financial Services Ltd. 851.10 8.64% [ICRA]AA+ Rating Category % to Net Assets

Shriram Transport Finance Company Ltd. 815.43 8.28% CRISIL AA+ AAA and equivalents 70.78%National Bk for Agriculture & Rural Dev. 501.90 5.09% CRISIL AAA AA+/ AA-/ AA and equivalents 24.73%National Bk for Agriculture & Rural Dev. 501.89 5.09% CRISIL AAA Reverse Repos/ CBLOs 0.44%Housing Development Finance Corp Ltd. 500.94 5.08% CRISIL AAA Net Current Assets 4.05%LIC Housing Finance Ltd. 500.19 5.08% CARE AAA Total Net Assets 100.00%Housing Development Finance Corp Ltd. 179.95 1.83% CRISIL AAARural Electrification Corporation Ltd. 160.41 1.63% CRISIL AAAPower Grid Corporation of India Ltd. 112.68 1.14% CRISIL AAA

8,640.97 87.70%

Zero Coupon Bonds

Bajaj Finance Ltd. 769.55 7.81% CRISIL AA+769.55 7.81%

Cash Equivalents

CBLO 0.04 0.00%

Reverse Repos 43.77 0.44%

Net Current Assets: 398.45 4.05%Total Net Assets as on 04-Mar-2016 9,852.78 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 95

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Money Market Instruments 57.55%Money Market Instruments Corporate/ PSU Debt 40.21%

Net Current Assets 1.77%Certificate of Deposit Cash Equivalents 0.47%

Total Net Assets 100.00%ICICI Bank Ltd. 1,009.31 14.56% [ICRA]A1+Yes Bank Ltd. 1,009.27 14.56% CARE A1+Kotak Mahindra Bank Ltd. 1,008.97 14.56% CRISIL A1+IndusInd Bank Ltd. 961.35 13.87% CRISIL A1+

3,988.90 57.55% Rating Category % to Net Assets

AAA and equivalents 71.88%Corporate/ PSU Debt AA+/ AA-/ AA and equivalents 25.88%

Reverse Repos/ CBLOs 0.47%Corporate Bonds / Debentures Net Current Assets 1.77%

Total Net Assets 100.00%Tata Capital Financial Services Ltd. 645.79 9.32% [ICRA]AA+Tata Capital Housing Finance Ltd. 645.67 9.32% CRISIL AA+LIC Housing Finance Ltd. 502.48 7.25% CRISIL AAAShriram Transport Finance Company Ltd. 502.05 7.24% CARE AA+Rural Electrification Corporation Ltd. 490.63 7.08% CARE AAA

2,786.62 40.21%

Cash Equivalents

CBLO 0.03 0.00%

Reverse Repos 32.26 0.47%

Net Current Assets: 122.91 1.77%Total Net Assets as on 04-Mar-2016 6,930.73 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 96

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 91.49%Corporate/ PSU Debt Cash Equivalents 4.97%

Net Current Assets 3.54%Corporate Bonds / Debentures Total Net Assets 100.00%

Rural Electrification Corporation Ltd. 882.24 17.10% CRISIL AAAPower Grid Corporation of India Ltd. 775.11 15.02% CRISIL AAANational Bk for Agriculture & Rural Dev. 652.45 12.64% CRISIL AAAPower Finance Corporation Ltd. 503.11 9.75% CRISIL AAA Rating Category % to Net Assets

Shriram Transport Finance Company Ltd. 422.82 8.19% CRISIL AA+ AAA and equivalents 73.28%Housing Development Finance Corp Ltd. 420.79 8.15% CRISIL AAA AA+/ AA-/ AA and equivalents 18.21%LIC Housing Finance Ltd. 410.16 7.95% CARE AAA Reverse Repos/ CBLOs 4.97%Power Grid Corporation of India Ltd. 137.72 2.67% CRISIL AAA Net Current Assets 3.54%

4,204.38 81.47% Total Net Assets 100.00%

Zero Coupon Bonds

Bajaj Finance Ltd. 516.86 10.02% CRISIL AA+516.86 10.02%

Cash Equivalents

CBLO 0.23 0.00%

Reverse Repos 256.05 4.96%

Net Current Assets: 182.58 3.54%Total Net Assets as on 04-Mar-2016 5,160.11 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC FIXED TERM SERIES 98

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Corporate/ PSU Debt 57.05%Corporate/ PSU Debt Government Securities 35.44%

Net Current Assets 3.83%Corporate Bonds / Debentures Cash Equivalents 3.68%

Total Net Assets 100.00%Power Finance Corporation Ltd. 983.35 17.32% CRISIL AAASundaram BNP Paribas Home Finance Ltd. 499.74 8.80% CARE AA+Tata Capital Financial Services Ltd. 499.39 8.79% [ICRA]AA+Housing Development Finance Corp Ltd. 490.92 8.65% CRISIL AAARural Electrification Corporation Ltd. 200.26 3.53% CARE AAA Rating Category % to Net Assets

2,673.65 47.09% SOVEREIGN 35.44%AAA and equivalents 29.50%

Zero Coupon Bonds AA+/ AA-/ AA and equivalents 27.55%Reverse Repos/ CBLOs 3.68%

Bajaj Finance Ltd. 565.78 9.96% CRISIL AA+ Net Current Assets 3.83%565.78 9.96% Total Net Assets 100.00%

Government Securities

8.58% KARNATAKA SDL RED 25-10-2016 2,012.48 35.44% SOVEREIGN2,012.48 35.44%

Cash Equivalents

CBLO 0.19 0.00%

Reverse Repos 209.05 3.68%

Net Current Assets: 217.08 3.83%Total Net Assets as on 04-Mar-2016 5,678.23 100.00%

This product is suitable for investors who are seeking*:• Regular fixed income over short term• Investment in Debt/Money Market Instruments

Investors understand that their principal will be at moderately low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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

HSBC CASH FUND

Portfolio as on 4-March-2016

Issuer Market Value (Rs. in Lakhs) % to Net Assets Rating Asset Allocation % to Net Assets

Money Market Instruments 63.96%Money Market Instruments Cash Equivalents 36.05%

Treasury Bill 0.00%Certificate of Deposit Net Current Assets -0.01%

Total Net Assets 100.00%Corporation Bank 7,486.16 3.45% CRISIL A1+Dena Bank 7,402.68 3.41% CRISIL A1+Canara Bank 4,995.18 2.30% CRISIL A1+Export Import Bank of India 4,989.04 2.30% CRISIL A1+Oriental Bank of Commerce 4,937.23 2.27% CRISIL A1+ Rating Category % to Net Assets

Punjab & Sind Bank 4,936.88 2.27% [ICRA]A1+ SOVEREIGN 0.00%IDBI Bank Ltd. 4,928.47 2.27% CRISIL A1+ AAA and equivalents 63.96%The South Indian Bank Ltd. 4,926.40 2.27% CARE A1+ Reverse Repos/ CBLOs 36.05%Punjab & Sind Bank 2,498.55 1.15% [ICRA]A1+ Net Current Assets -0.01%Axis Bank Ltd. 2,498.52 1.15% CRISIL A1+ Total Net Assets 100.00%Oriental Bank of Commerce 2,497.54 1.15% CRISIL A1+Vijaya Bank 2,497.09 1.15% CARE A1+Andhra Bank 2,495.13 1.15% CARE A1+Bank of India 2,493.62 1.15% CRISIL A1+Punjab & Sind Bank 2,493.57 1.15% CARE A1+Vijaya Bank 2,493.34 1.15% CARE A1+Punjab National Bank 2,492.15 1.15% CARE A1+Andhra Bank 2,491.62 1.15% CARE A1+State Bank of Patiala 2,491.17 1.15% [ICRA]A1+Oriental Bank of Commerce 2,482.87 1.14% CRISIL A1+IDBI Bank Ltd. 2,482.16 1.14% CRISIL A1+Bank of Maharashtra 2,482.16 1.14% CRISIL A1+

79,491.53 36.61%

Commercial Paper

Cox & Kings Ltd. 7,346.97 3.38% CARE A1+Capital First Ltd. 4,996.88 2.30% CARE A1+Dewan Housing Finance Corporation Ltd. 4,989.48 2.30% CRISIL A1+India Infoline Finance Ltd. 4,987.91 2.30% [ICRA]A1+Inox Wind Ltd. 4,929.11 2.27% CRISIL A1+Aditya Birla Finance Ltd. 4,928.94 2.27% [ICRA]A1+Indiabulls Housing Finance Ltd. 4,897.00 2.25% CRISIL A1+Edelweiss Housing Finance Ltd. 4,890.74 2.25% CRISIL A1+Edelweiss Financial Services Ltd. 2,498.42 1.15% CRISIL A1+Dewan Housing Finance Corporation Ltd. 2,496.92 1.15% CRISIL A1+Reliance Capital Ltd. 2,495.29 1.15% CRISIL A1+Capital First Ltd. 2,494.68 1.15% CARE A1+Tata Capital Financial Services Ltd. 2,493.74 1.15% [ICRA]A1+JM Financial Products Ltd. 2,492.97 1.15% [ICRA]A1+India Infoline Finance Ltd. 2,461.69 1.13% [ICRA]A1+

59,400.72 27.35%

Treasury Bill

91 DAYS TREASURY BILL RED 31-03-2016 8.71 0.00% SOVEREIGN8.71 0.00%

Cash Equivalents

CBLO 71.71 0.03%

Reverse Repos 78,259.42 36.02%

Net Current Assets: 33.02 -0.01%Total Net Assets as on 04-Mar-2016 217,265.10 100.00%

This product is suitable for investors who are seeking*:• Overnight liquidity over short term• Investment in Money Market Instruments

Investors understand that their principal will be at low risk*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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