Content Half-Yearly Portfolio (unaudited) as on 31 March 2003 2 Half-Yearly Portfolio (unaudited) as on 30 September 2003 3 Half-Yearly Portfolio (unaudited) as on 31 March 2004 12 Half-Yearly Portfolio (unaudited) as on 30 September 2004 16 Half-Yearly Portfolio (unaudited) as on 31 March 2005 20 Half-Yearly Portfolio (unaudited) as on 30 September 2005 24 Half-Yearly Portfolio (unaudited) as on 31 March 2006 28 Half-Yearly Portfolio (unaudited) as on 30 September 2006 33 Half-Yearly Portfolio (unaudited) as on 31 March 2007 38 Half-Yearly Portfolio (unaudited) as on 30 September 2007 47
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Content · 3 Government Of India Security 2012 SOVEREIGN 800,000.00 827.20 6.81 4 Government Of India Security 2011 SOVEREIGN 500,000.00 671.75 5.53 5 Government Of India Security
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Half-Yearly Portfolio (unaudited) as on 31 March 2003 2 Half-Yearly Portfolio (unaudited) as on 30 September 2003 3 Half-Yearly Portfolio (unaudited) as on 31 March 2004 12 Half-Yearly Portfolio (unaudited) as on 30 September 2004 16 Half-Yearly Portfolio (unaudited) as on 31 March 2005 20 Half-Yearly Portfolio (unaudited) as on 30 September 2005 24 Half-Yearly Portfolio (unaudited) as on 31 March 2006 28 Half-Yearly Portfolio (unaudited) as on 30 September 2006 33 Half-Yearly Portfolio (unaudited) as on 31 March 2007 38 Half-Yearly Portfolio (unaudited) as on 30 September 2007 47
HSBC INSTITUTIONAL INCOME FUND SHORT TERM PLAN – Half Yearly Portfolio Statement as on March 31, 2003
Sr. Name of the Instrument Rating Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Total 1,246.84 34.52GRAND TOTAL (NET ASSETS) 3,611.64 100.00
** indicates thinly traded / non traded / unlisted and illiquid Securities as defined in SEBI Regulations and Guidelines.
Notes :
(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs. Nil and its percentage to Net Asset Value is Nil
(2) Net Asset Value as at March 31, 2003 is Rs. 10.1869 per unit.The Fund was launched on November 14, 2002 and accordinglythe comparative Net Asset Value as at September 30, 2002 is not available.
(3) During the period , there was no exposure in derivative products
(4) The Average Maturity period of the Portfolio has been 10.39 months
HSBC EQUITY FUND – Half Yearly Portfolio Statement as on March 31, 2003
Sr. Name of the Instrument Industry Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Equity & Equity Related -(a) Listed / Awaiting listing on Stock Exchanges1 State Bank Of India Banks 152700 412.29 8.932 HPCL Oil & Gas Refining &Marketing 116000 341.97 7.413 MTNL Integrated Telecommunication Services 276500 265.30 5.754 Dr Reddys Laboratories Pharmaceuticals 27000 247.40 5.365 Digital Globalsoft IT Consulting & Services 39120 235.64 5.116 Moser Baer (India) Computer Storage & Peripherals 100000 228.60 4.957 Ranbaxy Laboratories Pharmaceuticals 36000 224.50 4.868 HCL Technologies IT Consulting & Services 138800 209.66 4.549 BHEL Heavy Electrical Equipment 92750 206.97 4.4910 Infosys Technologies IT Consulting & Services 4425 179.34 3.8911 Bank of Baroda Banks 205366 176.10 3.8212 Indian Petrochemicals Commodity Chemicals 210100 176.06 3.8213 Grasim Industries Industrial Conglomerates 51150 169.00 3.6614 Mphasis BFL IT Consulting & Services 25976 168.01 3.6415 Tata Power Company Electric Utilities 104500 118.24 2.5616 NALCO Aluminium 154000 109.11 2.3617 Associated Cement Company Construction Materials 62000 85.87 1.8618 Polaris Software Laboratory IT Consulting & Services 70000 85.12 1.8419 TISCO Steel 54700 73.13 1.5820 Divi’s Laboratories Pharmaceuticals 33300 72.98 1.5821 Reliance Industries Commodity Chemicals 25500 70.92 1.5422 ONGC Oil & Gas Exploration & Production 18781 66.77 1.4523 UTI Bank Banks 168168 66.09 1.4324 BSES Electric Utilities 28800 62.05 1.3425 Oriental Bank Of Commerce Banks 93129 59.70 1.2926 Hindalco Industries Aluminium 8000 42.77 0.9327 ABB Heavy Electrical Equipment 14300 40.93 0.8928 Ballarpur Industries Paper Products 103821 37.43 0.8129 India Cements Construction Materials 179810 23.38 0.5130 I-Flex Solutions IT Consulting & Services 2335 20.99 0.4531 ITC Tobacco 1420 8.92 0.1932 CIPLA Pharmaceuticals 1200 8.57 0.19
Total 4,293.79 93.05Others -
1 Net Recievables / (Payables) 320.78 6.95Total 320.78 6.95
GRAND TOTAL (NET ASSETS) 4,614.57 100.00Notes :(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs. Nil and its percentage to Net Asset Value is Nil.(2) Aggregate value of illiquid equity shares of the fund amounts to Rs. Nil and their percentage to Net Asset Value is Nil.(3) Net Asset Value as at March 31, 2003 is Rs. 10.09 per unit.The Fund was launched on November 14, 2002 and accordingly the
comparative Net Asset Value as at September 30, 2002 is not available.(4) During the period , there was no exposure in derivative products.(5) Total market value of Investments in American Depository Receipts / Global Depository Receipts as at March 31, 2003 is Rs Nil.(6) The portfolio turnover ratio for the scheme is 4.235 times
HSBC CASH FUND – Half Yearly Portfolio Statement as on March 31, 2003.
Sr. Name of the Instrument Rating Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Debt Instruments
(a) Privately Placed / Unlisted **1 ABN Securities P1+ 11.00 1,100.00 5.302 Kotak Mahindra Primus P1+ 1,000.00 1,000.00 4.823 GE Capital Services AAA 10.00 1,000.00 4.824 Rabo India Finance P1+ 10.00 1,000.00 4.825 Rabo India Finance P1+ 10.00 1,000.00 4.826 GE Capital Services AAA 10.00 999.11 4.827 L & T Finance PR1+ 7.00 700.00 3.378 GE Capital Services AAA 5.00 500.00 2.419 Cholamandalam Investment Finance P1+ 500.00 500.00 2.4110 GE Capital Services AAA 5.00 500.00 2.4111 Kotak Mahindra Finance P1+ 500.00 500.00 2.4112 Kotak Mahindra Primus P1+ 500.00 500.00 2.4113 L & T Finance PR1+ 5.00 500.00 2.4114 Associates India Finance P1+ 500.00 500.00 2.4115 Whirlpool Home Appliances P1+ 5.00 500.00 2.4116 Mahindra & Mahindra Financial P1+ 5.00 499.90 2.4117 Mahindra & Mahindra Financial P1+ 4.00 400.00 1.9318 L & T Finance PR1+ 4.00 400.00 1.9319 Ford Credit Kotak Mahindra P1+ 300.00 300.00 1.4520 IL&FS PR1+ 30,000.00 300.00 1.4521 Rabo India Finance P1+ 1.00 100.00 0.48
** indicates thinly traded / non traded / unlisted and illiquid Securities as defined in SEBI Regulations and Guidelines.Notes :(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs. Nil and its percentage to Net Asset Value is Nil.(2) Net Asset Value as at March 31, 2003 was Rs 10.1866 per unit. The Fund was launched on November 14, 2002 and accord-
ingly the comparative Net Asset Value as at September 30, 2002 is not available.(3) During the period , there was no exposure in derivative products.(4) The Average Maturity period of the Portfolio is 2.85 months
HSBC INCOME FUND SHORT TERM PLAN – Half Yearly Portfolio Statement as on March 31, 2003
Sr. Name of the Instrument Rating Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Total 1,776.51 21.31GRAND TOTAL (NET ASSETS) 8,336.30 100.00
** indicates thinly traded / non traded / unlisted and illiquid Securities as defined in SEBI Regulations and Guidelines.Notes :(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs Nil and its percentage to Net Asset Value is Nil.(2) Net Asset Value as at March 31, 2003 is: Growth Plan Rs 10.1713 per unit and Dividend Plan Rs. 10.0956 per unit.The Fund was
launched on November 14, 2002 and accordingly the comparative Net Asset Value as at September 30, 2002 is not available.(3) Dividend of Rs. 0.0750 per unit was declared during the period.(4) During the period , there was no exposure in derivative products.(5) The Average Maturity period of the Portfolio is 14.77 months
HSBC INSTITUTIONAL INCOME FUND INVESTMENT PLAN – Half Yearly Portfolio Statement as on March 31, 2003
Sr. Name of the Instrument Rating Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Debt Instruments -(a) Listed / Awaiting listing on Stock Exchanges1 NTPC ** AAA 200.00 1,051.94 8.672 Government Of India Security 2009 SOVEREIGN 750,000.00 969.00 7.983 Government Of India Security 2012 SOVEREIGN 800,000.00 827.20 6.814 Government Of India Security 2011 SOVEREIGN 500,000.00 671.75 5.535 Government Of India Security 2007 SOVEREIGN 500,000.00 610.00 5.036 Government Of India Security 2017 SOVEREIGN 500,000.00 574.75 4.747 INDAL** AAA 5.00 546.96 4.518 Government Of India Security 2017 SOVEREIGN 500,000.00 545.75 4.509 Government Of India Security 2012 SOVEREIGN 500,000.00 543.75 4.4810 Government Of India Security 2013 SOVEREIGN 500,000.00 543.25 4.4811 IDFC** AAA 50.00 525.25 4.3312 PFC** AAA 500.00 516.15 4.2513 LIC Housing Finance ** AAA 5.00 514.89 4.2414 EXIM** AAA 5.00 497.18 4.1015 EXIM AAA 5.00 489.86 4.0416 Government Of India Security 2010 SOVEREIGN 450,000.00 486.00 4.0017 PFC** AAA 500.00 123.53 1.02
** indicates thinly traded / non traded / unlisted and illiquid Securities as defined in SEBI Regulations and Guidelines.Notes :
(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs Nil and its percentage to Net Asset Value is Nil.(2) Net Asset Value as at March 31, 2003 is Rs 10.2675 per unit.The Fund was launched on November 14, 2002 and accordingly
the comparative Net Asset Value as at September 30, 2002 is not available.(3) During the period , there was no exposure in derivative products.(4) The Average Maturity period of the Portfolio is 77.47 months
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBC Mutual Fund, 52/60 Mahatma Gandhi Road, Fort, Mumbai 400 001. Tel: 022-2273 4343. Statutory Details: HSBC Mutual Fund has beenset up as a trust by HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpus of Rs.1 Lakh). The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager.Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of theScheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund does not indicate the future performance of the Scheme(s) of the Mutual Fund. HSBC Equity Fund, HSBC Income Fund, HSBC Cash Fund and HSBC Institutional Income Fund are thenames of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns.Scheme Classification: HSBC Equity Fund (open ended growth scheme) aims to generate long-term capital growth from an actively managed portfolio of equity and equity related securities. HSBC Income Fund and HSBC Institutional Income Fund (open endedincome schemes) aim to provide a reasonable income whilst maintaining a prudent policy of capital conservation. HSBC Cash Fund (open ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providing a high level ofliquidity, through a portfolio of money market and debt securities. Terms of issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale and redemption, units ofthe Scheme(s) on all Business Days, at the Applicable NAV.Load Structure: HSBC Equity Fund - Entry load - for investments below Rs.25 lakhs - 2%, for investments of Rs.25 lakhs and above but below Rs.3 crores - 1%, for investments of Rs.3 crores and above - Nil. HSBC Income Fund - Investment Plan - Exit load - forinvestments of Rs.10 lacs and below if redeemed within 180 days from the date of investment -0.50%, for investments above Rs.10 lacs but below Rs.50 lacs if redeemed within 90 days from the date of investment - 0.25%, for investments of Rs.50 lakhs and above- Nil. There are no entry or exit loads in the other Schemes offered. The Mutual Fund reserves the right to modify/ alter the load structure prospectively. Please read the Offer Documents for details and risk factors before investing.
HSBC INCOME FUND INVESTMENT PLAN – Half Yearly Portfolio Statement as on March 31, 2003Sr. Name of the Instrument Rating Quantity Mkt. Value % toNo. ( Rs in Lakhs) NAV
Debt Instruments -(a) Listed / Awaiting listing on Stock Exchanges
Government Of India Security 2012 SOVEREIGN 2,000,000.00 2,175.00 8.47Government Of India Security 2008 SOVEREIGN 1,500,000.00 1,881.00 7.33Government Of India Security 2011 SOVEREIGN 1,500,000.00 1,804.05 7.03Government Of India Security 2010 SOVEREIGN 1,550,000.00 1,674.00 6.52Government Of India Security 2011 SOVEREIGN 1,000,000.00 1,343.50 5.23IRFC** AAA 100.00 1,083.98 4.22NTPC** AAA 200.00 1,051.94 4.10Government Of India Security 2009 SOVEREIGN 750,000.00 969.00 3.77Government Of India Security 2017 SOVEREIGN 500,000.00 574.75 2.24Government Of India Security 2014 SOVEREIGN 500,000.00 544.55 2.12Government Of India Security 2015 SOVEREIGN 500,000.00 542.33 2.11IPCL** AA 50.00 540.96 2.11IRFC AAA 50.00 523.36 2.04IRFC** AAA 50.00 518.61 2.02PFC** AAA 500.00 516.15 2.01LIC Housing Finance ** AAA 5.00 514.89 2.01IDFC** AAA 5.00 504.97 1.97Indian Aluminium** AAA 5.00 499.28 1.95EXIM AAA 5.00 490.68 1.91PFC** AAA 1,000.00 247.07 0.96Government Of India Security 2012 SOVEREIGN 200,000.00 206.80 0.81
Total 18,206.87 70.93(b) Privately Placed / Unlisted **
Total 1,690.89 6.59GRAND TOTAL (NET ASSETS) 25,669.02 100.00
** indicates thinly traded / non traded / unlisted and illiquid Securities as defined in SEBI Regulations and Guidelines.Notes :
(1) The provision made for Non Performing Assets as of March 31, 2003 is Rs Nil and its percentage to Net Asset Value is Nil.(2) Net Asset Value as at March 31, 2003 is Rs 10.2551 per unit. The Fund was launched on November 14, 2002 and accordingly
the comparative Net Asset Value as at September 30, 2002 is not available.(3) During the period , there was no exposure in derivative products.(4) The Average Maturity period of the Portfolio is 76.54 Month
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting,the ‘since inception’ returns are calculated on Rs 10invested at inception. Calculations are based on GrowthPlan NAVs.
2. Inception date of the Scheme : 10 December 2002.
Performance*Absolute Returns (%) 1
Asset Allocation
An Open Ended Growth Scheme
HSBC Equity Fund
Investment Objective: To generate longterm-term capital growth from an actively managedportfolio of equity and equity related securities.
HEFBSE 200
1 Month 3 Months 6 Months Since Inception2
Date of Allotment 10-Dec-02NAV Calculation DailyBenchmark BSE 200
Assets Under Management 396.34 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 18.21
Sr. Name of the Instrument Quantity Market Value % to NetNo. (Rs. in Lacs) Assets
Equity & Equity relateda) Listed / Awaiting listing on
* Indicates percentage to Net Asset Value for that security is less than 0.01%.
Half Yearly Portfolio Statement for the period ended September 30, 2003
HSBC Mutual Fund
September 2003
8
Asset Allocation
Rating Profile
AAA - 33%
Reverse Repos - 4%
Sovereign - 42%
HSBC Income Fund - Investment Plan
Investment Objective: To provide reasonableincome whilst maintaining a prudent policy ofcapital conservation.
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting the ‘sinceinception’ returns are calculated on Rs 10 invested atinception. Calculations are based on Growth Plan NAVs.
2. Inception date of the Scheme: 10 December 2002.
Performance*Absolute Returns (%) 1
An Open Ended Income Scheme
AA+/AA - 10%
Average Maturity of Portfolio 78.07 monthsModified Duration of Portfolio 55.33 months
GovernmentSecurities - 43%
Securitised Debt - 2%
HIF-IPCrisil CompositeBond Fund Index
Net Current Assets - 11%
Debt Instruments - 40%
Net Receivable /(Payable) - 11%
1 Month 3 Months 6 Months Since Inception 2
Reverse Repos - 4%
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
1 Debt Instrumentsa) Listed / Awaiting listing on
Stock Exchangesai) Traded1 Power Finance Corporation Limited 10 1158.93 2.03 AAA2 Power Finance Corporation Limited @ 1,000 1013.18 1.78 AAA3 Industrial Development Bank of India @ 1,000 1005.96 1.76 LAA4 Housing and Urban
Development Corporation Limited @ 70 718.20 1.26 CARE AAA(SO)5 Power Grid Corporation of India Limited 40 578.56 1.01 AAA6 Power Finance Corporation Limited 500 576.98 1.01 AAA7 National Thermal Power
Corporation Limited @ 100 543.83 0.95 AAA8 Export Import Bank of India @ 5 513.17 0.90 AAA9 Export Import Bank of India @ 10 512.46 0.90 AAA10 Housing and Urban
Development Corporation Limited @ 50 502.18 0.88 CARE AAA(SO)Total 7123.45 12.48
aii) Non Traded / Thinly Traded**1 Export Import Bank of India @ 10 1007.45 1.77 AAA2 Industrial Development Bank of India @ 650 744.43 1.30 LAA3 Bank of Baroda 500 568.19 1.00 AA+4 Indian Petrochemicals Corporation Limited 50 560.42 0.98 AA5 Industrial Development Bank of India @ 500 558.32 0.98 LAA6 UTI Bank Limited @ 100 550.89 0.97 LAA7 Power Finance Corporation Limited 500 534.63 0.94 AAA8 Infrastructure Development
Finance Company Limited @ 5 526.48 0.92 AAA9 Indian Aluminum Company Limited @ 5 521.00 0.91 AAA10 Housing Development and
Finance Corporation Limited 50 509.60 0.89 AAA11 Industrial Development Bank of India @ 500 506.89 0.89 LAA12 Industrial Development Bank of India @ 500 502.76 0.88 AA+
Total 7091.06 12.42b) Privately Placed / Unlisted**1 Reliance Industries Limited 250 2556.92 4.48 AAA2 Housing Development and
Total 8537.27 14.962 Securitised Debt2a) Traded - -
Total - -2b) Non Traded / Thinly Traded**1 NTPC Loan Securitised Trust Series XII 5 541.61 0.95 AAA(SO)2 GACL Loan Receivable Trust II 5 471.45 0.83 AA+(SO)3 PFSL LIC Housing Finance 5 292.09 0.51 AAA(SO)
Total 1305.15 2.293 Money Market Instruments3a) Treasury Bills1 91 Days Treasury Bill - 07-Nov-2003 84,500 84.08 0.15 Sovereign
Total 84.08 0.154 Government Securities1 7.40% Government of India Security 2012 4,000,000 4624.00 8.10 Sovereign2 7.55% Government of India Security 2010 3,250,000 3719.63 6.52 Sovereign3 7.37% Government of India Security 2014 2,750,000 3220.25 5.64 Sovereign4 8.07% Government of India Security 2017 2,250,000 2796.75 4.90 Sovereign5 6.17% Government of India Security 2023 2,500,000 2605.00 4.56 Sovereign6 6.20% UTI Special Bond 2010 1,500,000 1588.05 2.78 Sovereign7 11.99% Government of India Security 2009 1,000,000 1341.20 2.35 Sovereign8 7.46% Government of India Security 2017 1,000,000 1190.70 2.09 Sovereign9 6.35 % Government of India Security 2020 1,000,000 1076.00 1.89 Sovereign10 6.05% Government of India Security 2019 750,000 787.88 1.38 Sovereign11 10.71% Government of India Security 2016 500,000 732.50 1.28 Sovereign12 7.49% Government of India Security 2017 500,000 594.70 1.04 Sovereign
Total 24276.65 42.545 Reverse Repos 2136.05 3.746 Net Receivable / (Payable) 6518.16 11.42
Net Asset as on 30 September 2003 57071.88 100.00
Half Yearly Portfolio Statement for the period ended September 30, 2003
Date of Allotment 10-Dec-02NAV Calculation DailyBenchmark Crisil Composite
Bond Fund IndexAssets Under Management 570.72 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 11.045
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
HSBC Mutual Fund
September 2003
9
An Open Ended Income Scheme
HSBC Institutional Income Fund - Investment Plan
Investment Objective: To provide reasonableincome whilst maintaining a prudent policy ofcapital conservation.
Average Maturity of Portfolio 82.05 monthsModified Duration of Portfolio 57.86 months
Asset Allocation
Rating Profile
Reverse Repos - 6%
GovernmentSecurities - 43%
AA+/AA - 11%
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting, the‘since inception’ returns are calculated on Rs 10 invested atinception. Calculations are based on Growth Plan NAVs.
2. Inception date of the Scheme: 4 December 2002.
Performance*Absolute Returns (%) 1
AAA - 32%
HIIF-IPCrisil CompositeBond Fund Index
Reverse Repos - 6%
Net Current Assets - 6%
Money MarketInstruments - 2%
Securtized Debt - 2%
Debt Instruments - 41%
Net Receivables /(Payables) - 6%
Sovereign - 45%
1 Month 3 Months 6 Months Since Inception 2
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
1 Debt Instrumentsa) Listed / Awaiting listing on
Stock Exchangesai) Traded1 Power Finance Corporation Limited 1,000 1153.97 4.41 AAA2 National Thermal Power
Corporation Limited @ 200 1087.67 4.16 AAA3 Housing and Urban Development
Corporation Limited @ 100 1026.00 3.92 CARE AAA(SO)3 Industrial Development Bank of India @ 1,000 1005.96 3.84 LAA4 Power Finance Corporation Limited @ 500 506.59 1.94 AAA5 Housing and Urban Development
Corporation Limited @ 50 502.18 1.92 CARE AAA(SO)Total 5282.36 20.18
aii) Non Traded / Thinly Traded**1 Industrial Development Bank of India @ 500 572.64 2.19 LAA2 UTI Bank Limited @ 100 550.89 2.10 LAA3 Infrastructure Development Finance
Company Limited @ 50 542.75 2.07 AAA4 Power Finance Corporation Limited 500 534.63 2.04 AAA5 Infrastructure Development Finance
Company Limited @ 5 526.48 2.01 AAA6 Export Import Bank of India @ 5 511.94 1.96 AAA7 Industrial Development Bank of India @ 300 304.14 1.16 LAA8 Indian Aluminum Company Limited 2 222.68 0.85 AAA
Total 3766.15 14.39b) Privately Placed / Unlisted**1 Reliance Industries Limited 5 688.71 2.63 AAA2 Housing Development and Finance
Corporation Limited 50 505.16 1.93 AAA3 Indian Railway Finance
Corporation Limited 5 53.39 0.20 AAA4 Indian Railway Finance
Corporation Limited 5 53.31 0.20 AAA5 Indian Railway Finance
Corporation Limited 5 53.23 0.20 AAA6 Indian Railway Finance
Corporation Limited 5 53.07 0.20 AAA7 Indian Railway Finance
Corporation Limited 5 52.90 0.20 AAA8 Indian Railway Finance
Corporation Limited 5 52.37 0.20 AAA9 Indian Railway Finance
Corporation Limited 5 51.87 0.20 AAA10 Indian Railway Finance
Corporation Limited 5 51.26 0.20 AAA11 Indian Railway Finance
Total - -2b) Non Traded / Thinly traded**1 GACL Loan Receivable Trust II 5 471.45 1.80 AA+(SO)
Total 471.45 1.803 Money Market Instruments3a) Treasury Bills1 91 Days Treasury Bill 07-Nov-2003 340,000 338.33 1.29 Sovereign2 91 Days Treasury Bill 31-Oct-2003 130,000 129.51 0.49 Sovereign
Total 467.84 1.794 Government Securities1 7.40% Government of India Security 2012 2,000,000 2312.00 8.83 Sovereign2 8.07% Government of India Security 2017 1,750,000 2175.25 8.31 Sovereign3 7.55% Government of India Security 2010 1,500,000 1716.75 6.56 Sovereign4 6.35% Government of India Security 2020 1,000,000 1076.00 4.11 Sovereign5 6.17% Government of India Security 2023 1,000,000 1042.00 3.98 Sovereign6 7.37% Government of India Security 2014 750,000 878.25 3.36 Sovereign7 11.99% Government of India Security 2009 500,000 670.60 2.56 Sovereign8 7.46% Government of India Security 2017 500,000 595.35 2.27 Sovereign9 6.20% UTI Special Bond 2010 500,000 529.35 2.02 Sovereign10 6.05% Government of India Security 2019 250,000 262.63 1.00 Sovereign
Total 11258.18 43.025 Reverse Repos 1623.43 6.206 Net Receivable / (Payable) 1636.13 6.25
Net Assets as on 30 September 2003 26171.30 100.00
Half Yearly Portfolio Statement for the period ended September 30, 2003
** Securities are classified as thinly traded / non traded on the date of valuationin accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
Date of Allotment 4-Dec-02NAV Calculation DailyBenchmark Crisil Composite
Bond Fund IndexAssets Under Management 261.71 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 11.1245
HSBC Mutual Fund
September 2003
Asset Allocation
Rating Profile
10
GovernmentSecurities - 5%
Securitized Debt - 10%
Debt Instruments - 44%
Sovereign - 5%
AAA - 74%
An Open Ended Income Scheme
HSBC Income Fund
Date of Allotment 10-Dec-02NAV Calculation DailyBenchmark Crisil Short term Bond
Fund Index
Assets Under Management 184.80 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 10.564
Investment Objective: To provide reasonableincome whilst maintaining a prudent policy ofcapital conservation.
- Short Term Plan
Average Maturity of Portfolio 15.76 monthsModified Duration of Portfolio 13.75 months
AA+/AA - 15%
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting, the‘since inception’ returns are calculated on Rs 10 invested atinception. Calculations are based on Growth Plan NAVs.
2. Inception date of the Scheme: 10 December 2002.
Performance*Absolute Returns (%) 1
HIF-STPCrisil Short termBond Fund Index
Money MarketInstruments - 16%
MIBOR LinkedInstruments - 11%
Net Receivable /(Payable) - 6%
1 Month 3 Months 6 Months Since Inception 2
Net Current Assets - 6%
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
Total 1500.00 8.127 Net Receivable / (Payable) 1018.56 5.51
Net Assets as on 30 September 2003 18480.05 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
Half Yearly Portfolio Statement for the period ended September 30, 2003
Others - 8%
HSBC Mutual Fund
September 2003
11
Asset Allocation
Rating Profile
Debt Instruments - 57%
Others - 4%
AAA - 73%
HSBC Institutional Income Fund
An Open Ended Income Scheme
- Short Term Plan
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting, the ‘sinceinception’ returns are calculated on Rs 10 invested atinception. Calculations are based on Growth Plan NAVs.
2. Inception date of the Scheme: 4 December 2002.
Performance*Absolute Returns (%) 1
GovernmentSecurities - 6%
Unrated - 2%
HIIF-STPCrisil Short termBond Fund Index
Securitized Debt - 15%
Money MarketInstruments - 4%
AA+/AA - 18%
Sovereign - 6%
MIBOR LinkedInstruments - 13%
Net Receivable /(Payable) - 1%
Net Current Assets - 1%
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
1 Debt Instrumentsa) Listed / Awaiting listing
on Stock Exchangesai) Traded - -1 Indian Railway Finance
aii) Non Traded / Thinly Traded**1 Industrial Development Bank of India 1,200 1216.54 4.18 LAA2 Rural Electrification
Corporation Limited @ 10,000 1042.12 3.58 AAA3 Industrial Development
Bank of India @ 800 916.22 3.15 LAA4 Housing Development and
Finance Corporation Limited 50 549.41 1.89 AAA5 Bank of India @ 500 522.62 1.80 UNRATED6 Export Import Bank of India @ 5 511.94 1.76 AAA7 Export Import Bank of India @ 5 503.72 1.73 AAA8 Industrial Development
Bank of India @ 500 502.76 1.73 AA+9 Indian Aluminum Company Limited 3 334.02 1.15 AAA
Total 6099.36 20.95b) Privately Placed / Unlisted**1 GE Capital Services India 15 1500.27 5.15 AAA2 Tata Industries Limited 10 1010.76 3.47 AA3 Citicorp Maruti Finance Limited 10 1000.00 3.43 P1+4 Reliance Industries Limited 50 528.79 1.82 AAA5 Cholamandalam Investment
and Finance Company Limited 500 513.40 1.76 MAAA6 Reliance Industries Limited 50 511.38 1.76 AAA7 Indian Railway Finance
Corporation Limited 50 508.69 1.75 AAA8 Indian Railway Finance
Corporation Limited 50 508.68 1.75 AAA9 Mahindra and Mahindra
Financial Services Limited 5 503.59 1.73 AA10 Kotak Mahindra Primus Limited 500 503.51 1.73 P1+11 Kotak Mahindra Primus Limited 500 503.24 1.73 MAA+12 Mahindra and Mahindra
Financial Services Limited 5 502.50 1.73 P1+13 Larsen and Toubro
Finance Limited 5 502.22 1.73 CARE AA14 GE Capital Services India 5 500.95 1.72 AAA15 GE Capital Services India 5 500.84 1.72 P1+16 Larsen and Toubro
Total - -3b) Non Traded / Thinly Traded**1 Fleet Trust August - I Series A3 CFIL 15 1464.77 5.03 AAA(SO)2 UBL Trust Series 2 ALFL PTC 10 981.04 3.37 AAA(SO)3 NTPC Loan Securitised Trust
Series XII 5 541.61 1.86 AAA(SO)4 GECSI Loan Series I Class D (IRFC) 5 528.10 1.81 AAA(SO)6 PFSL TELCO Series A2 5 489.56 1.68 MAAA5 PFSL Citi Debt Series A2 5 428.30 1.47 AAA(SO)
Total 4433.38 15.23
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
1 Month 3 Months 6 Months Since Inception 2
Half Yearly Portfolio Statement for the period ended September 30, 2003
Investment Objective: To provide a reasonableincome whilst maintaining a prudent policy ofcapital conservation.
HSBC Mutual Fund
September 2003
HSBC Institutional Income Fund
An Open Ended Income Scheme
- Short Term Plan
4 Money Market Instruments4a) Certificate of Deposit1 UTI Bank Limited 500 476.99 1.64 A1+2 Kotak Mahindra Bank Limited 500 476.77 1.64 P1+3 UTI Bank Limited 100 98.95 0.34 A1+
Total 1052.71 3.625 Government Securities1 7.55% Government of India
Security 2010 950,000 1087.28 3.73 Sovereign2 6.20% UTI Special Bond 2010 500,000 529.35 1.82 Sovereign
Total 1616.63 5.556 Others6a) Fixed Deposit 1100.00 3.78
Total 1100.00 3.787 Reverse Repos 140.40 0.488 Net Receivable / (Payable) 221.90 0.76
Net Asset as on 30 September 2003 29112.40 100.00
Sr. Issuer Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
Half Yearly Portfolio Statement for the period ended September 30, 2003
Average Maturity of Portfolio 19.25 monthsModified Duration of Portfolio 16.78 months
Date of Allotment 04-Dec-02NAV Calculation DailyBenchmark Crisil Short term Bond
Fund IndexAssets Under Management 291.12 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 10.5938
An Open Ended Liquid Scheme Investment Objective: To provide reasonablereturns, commensurate with low risk, whileproviding a high level of liquidity, through aportfolio of money market and debt securities.
HSBC Cash Fund
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
1 Debt Instrumentsa) Listed / Awaiting listing
on Stock Exchangesai) Traded - -aii) Non Traded / Thinly Traded**1 Housing Development and
Finance Corporation Limited 100 1011.32 1.30 AAA2 Industrial Development
Bank of India @ 1,000 1007.02 1.30 AA+3 Industrial Development
Bank of India @ 1,000 1006.50 1.30 AA+4 Industrial Development
Bank of India @ 1,000 1005.52 1.29 AA+Total 4030.36 5.19
b) Privately Placed / Unlisted**1 GE Capital Services India 50 5000.00 6.44 AAA2 Kotak Mahindra Investments Limited 20 2000.00 2.57 A1+3 Punjab Tractors Limited 15 1500.00 1.93 P1+4 GE Countrywide Consumer Financial
Services Limited 15 1500.00 1.93 P1+5 Punjab Tractors Limited 15 1500.00 1.93 UNRATED6 Associates India Financial Services 1,000 1001.39 1.29 A1+7 Rabo India Finance Private Limited 10 1000.12 1.29 P1+8 Larsen and Toubro Finance Limited 10 1000.00 1.29 PR1+9 Kotak Mahindra Primus Limited 1,000 1000.00 1.29 P1+10 Larsen and Toubro Finance Limited 10 1000.00 1.29 PR1+11 Larsen and Toubro Finance Limited 10 1000.00 1.29 PR1+12 Larsen and Toubro Finance Limited 10 1000.00 1.29 PR1+13 Cyrus Investments Limited 500 503.90 0.65 AAA14 Kotak Mahindra Primus Limited 500 501.09 0.64 P1+15 GE Capital Services India 5 500.01 0.64 AAA16 Ford Credit Kotak Mahindra Limited 500 500.00 0.64 P1+17 Ford Credit Kotak Mahindra Limited 500 500.00 0.64 P1+18 Mahindra and Mahindra Financial
Half Yearly Portfolio Statement for the period ended September 30, 2003
MIBOR LinkedInstruments -14%
Debt Instruments - 33%
Net Receivables /(Payables) - 1%
Others - 16%
Money MarketIntruments - 26%
Reverse Repos - 9%
Securitised Debt - 1%
Asset Allocation
Average Maturity of Portfolio 3.43 monthsModified Duration of Portfolio 3.28 months
The Scheme declares daily dividends for the Regular Option, and daily & weekly dividends for the Institutional Option. Details for the same can be obtained from ISC’s.
12
HSBC Mutual Fund
September 2003
13
Rating Profile
* Past performance may or may not be sustained in the future
1. As per SEBI requirements for performance reporting, the‘since inception’ returns are calculated on Rs 10 invested atinception. Calculations are based on Growth Plan NAVs.
2. Inception date of the Scheme: 4 December 2002.
Unrated - 9%
AAA - 72%
Performance*Annualised Returns (%) 1
An Open Ended Liquid Scheme
HSBC Cash Fund
HCFCrisil LiquidFund Index
Reverse Repos - 9%
1 Month 3 Months 6 Months Since Inception 2
AA+/AA - 8%
Net Current Assets - 1%
Sovereign - 1%
The Scheme declares daily dividends for the Regular Option, and daily & weekly dividends for the Institutional Option. Details for the same can be obtained from ISC’s.
Sr. Name of the Instrument Quantity Market Value % to Net RatingNo. (Rs. in Lacs) Assets
2 MIBOR Linked Instruments2a) Traded
Total - -2b) Non Traded / Thinly Traded**1 Mahindra and Mahindra Financial
Services Limited 15 1500.00 1.93 AA2 Sterlite Industries (India) Limited 13 1300.00 1.67 P1+3 Ashok Leyland Finance Limited 10 1000.00 1.29 AA-4 Finolex Cables Limited 10 1000.00 1.29 P1+5 Industrial Development Bank of India 1,000 1000.00 1.29 AA+6 Larsen and Toubro Finance Limited 10 1000.00 1.29 PR1+7 Mahindra and Mahindra
Financial Services Limited 10 1000.00 1.29 P1+8 Associates India Financial Services 500 500.00 0.64 P1+9 Associates India Financial Services 500 500.00 0.64 AAA10 Citicorp Finance India Limited 500 500.00 0.64 AAA11 Infrastructure Leasing and
Financial Services Limited 50,000 500.00 0.64 PR1+12 Larsen and Toubro Finance Limited 5 500.00 0.64 PR1+13 Blue Star Limited 400,000 400.00 0.51 PR1+
Total 10700.00 13.773 Securitised Debt3a) Traded
Total - -3b) Non Traded / Thinly Traded**1 Fleet Trust September - I
Series A1 CFIL 4 361.35 0.47 P1+(SO)2 Indian Retail ABS Trust - Series II 5 352.79 0.45 AAA(SO)
Total 714.13 0.924 Money Market Instruments4a) Treasury Bills1 91 Days Treasury Bill 31-Oct-2003 370,000 368.62 0.47 Sovereign2 91 Days Treasury Bill 15-Nov-2003 247,800 246.31 0.32 Sovereign
Financial Services Limited 250 1237.96 1.59 P1+4 Industrial Development Bank of India 200 996.91 1.28 PR1+5 Citicorp Finance India Limited 200 991.32 1.28 P1+6 HCL Infosystems Limited 200 990.68 1.28 A1+7 Industrial Development Bank of India 200 987.60 1.27 PR1+8 Industrial Development Bank of India 200 964.10 1.24 P1+9 Cholamandalam Investment and
Total 11676.94 15.034c) Certificate of Deposit1 UTI Bank Limited 1,500 1437.05 1.85 A1+2 ICICI Bank Limited 1,000 994.83 1.28 P1+3 UTI Bank Limited 1,000 991.57 1.28 A1+4 ICICI Bank Limited 1,000 976.78 1.26 P1+5 UTI Bank Limited 1,000 954.40 1.23 A1+6 UTI Bank Limited 1,000 951.72 1.22 A1+7 UTI Bank Limited 500 478.70 0.62 A1+8 Kotak Mahindra Bank Limited 500 477.50 0.61 P1+9 UTI Bank Limited 500 476.99 0.61 A1+10 UTI Bank Limited 500 476.25 0.61 A1+11 UTI Bank Limited 50 49.48 0.06 A1+
Total 8265.25 10.64Total Money Market Instruments 20557.11 26.46
5 Others5a) Fixed Deposit 12085.00 15.55
Total 12085.00 15.556 Reverse Repos 7319.11 9.427 Net Receivable / (Payable) 484.20 0.62
Net Asset as on 30 September 2003 77696.42 100.00
Half Yearly Portfolio Statement for the period ended September 30, 2003
Date of Allotment 04-Dec-02NAV Calculation DailyBenchmark Crisil Liquid Fund Index
Assets Under Management 776.96 Crores(as on 30.09.03)NAV per unit (as on 30.09.03) 10.4577
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.@ indicates securities not listed but permitted to trade on NSE WDM.
HSBC Mutual Fund
September 2003
Details of Portfolio Turnover Ratio and Average Maturity
Scheme Name Portfolio turnover during Average Maturity (Years)the half year endedSeptember 30 2003
HSBC Equity Fund 12.70
HSBC Income Fund - Investment Plan 6.51
HSBC Income Fund - Short Term Plan 1.31
HSBC Cash Fund 0.29
HSBC Institutional Income Fund - Investment Plan 6.84
HSBC Institutional Income Fund - Short Term Plan 1.60
14
NAV per unit as on NAV per unit as onScheme / Plan September 30, 2003 on March 31, 2003 /
Date of first NAV *
HSBC Equity Fund - Dividend Plan # 16.7200 10.0900HSBC Equity Fund - Growth Plan 18.2100 10.0900
HSBC Income Fund - Short Term Plan - Regular Option - Dividend 10.1113 10.0956HSBC Income Fund - Short Term Plan - Regular Option - Growth 10.5641 10.1714HSBC Income Fund - Short Term Plan - Institutional Option - Dividend (15 Sep 2003) 10.5164 10.5226HSBC Income Fund - Short Term Plan - Institutional Option - Growth (15 Sep 2003) 10.5649 10.5226
HSBC Income Fund - Investment Plan - Regular Option - Dividend 10.4025 10.2551HSBC Income Fund - Investment Plan - Regular Option - Growth 11.0448 10.2551HSBC Income Fund - Investment Plan - Institutional Plan - Dividend Option (15 Sep 2003) 11.0490 10.9146HSBC Income Fund - Investment Plan - Institutional Plan - Growth Option (15 Sep 2003) 11.0461 10.9146
HSBC Cash Fund - Regular Plan - Dividend Option 10.1884 10.1866HSBC Cash Fund - Regular Plan - Growth Option 10.4577 10.1866
HSBC Cash Fund - Institutional Plan - Daily Dividend Option (15 Sep 2003) 10.4364 10.4364HSBC Cash Fund - Institutional Plan - Weekly Dividend Option (15 Sep 2003) 10.4420 10.4364HSBC Cash Fund - Institutional Plan - Monthly Dividend Option (14 Sep 2003) 10.4405 10.4349HSBC Cash Fund - Institutional Plan - Growth Option (14 Sep 2003) 10.4577 10.4349
HSBC Institutional Income Fund - Investment Plan - Dividend Option (19 May 2003) 10.4556 10.6012HSBC Institutional Income Fund - Investment Plan - Growth Option 11.1245 10.2675
HSBC Institutional Income Fund - Short Term Plan - Dividend Option (4 April 2003) 10.1777 10.2069HSBC Institutional Income Fund - Short Term Plan - Growth Option 10.5938 10.1869
Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2003
* Dates of first Nav of options commenced during the period are indicated in brackets in the table above# NAV per unit as above is inclusive of dividend of Rs 2 declared for record date September 30, 2003
Scheme Plan / NAV
HSBC Mutual Fund - All Schemes
Notes:
1. The provision made for Non Performing Assets as of September 30 ,2003 is Rs. NIL and its percentage to Net Asset Value is NIL.
2. As on September 30,2003 there has been no exposure in any of the schemes in derivative products.
3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.
4. Past performance may or may not be sustained in future.
5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund in terms of numberof years.
6. The portfolio turnover for HSBC Equity Fund is the sum of purchases,sales, redemptions to the average net assets during the half year endedSeptember 30, 2003.
7. Total value of Illiquid equity shares and its percentage to Net Asset Value is NIL.
HSBC Mutual Fund
September 2003
Dividend Declaration
HSBC Mutual Fund - All Schemes
Scheme Name / Plan Record Date / period Dividend Dividend NAV perof dividend declared (Rs. per unit) Rate Unit as on
HSBC MUTUAL FUNDUnaudited Half - Yearly Financial Results for the period ended 30 September 2004. As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
Issued by HSBC Asset Management (India) Private Limited
Sl. Particulars HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBCNo. Equity Fund India Opportunities Income Fund— Income Fund— Cash Fund Gilt Fund Gilt Fund Institutional Income MIP MIP Floating Rate Fund— Floating Rate Fund—
(HEF) Fund Investment Plan Short Term Plan (HCF) Short Term Plan Long Term Plan Fund Investment Plan Regular Plan Saving Plan Long Term Plan Short Term Plan(HIOF) (HIF-IP) (HIF-ST) (HGF-ST) (HGF-LT) (HIIF-IP) (HMIP-R) (HMIP-S) (HFRF-LT) (HFRF-ST)
1.1 Unit Capital at the beginning of the half year period 643.22 361.49 157.08 125.40 3,243.22 1.16 3.72 9.67 295.82 224.30 0.00 0.00(September 30, 04) (Rs. in crores)
1.2 Unit Capital at the end of the period (March 31, 2005) (Rs. in crores) 645.42 368.86 63.51 50.93 2,172.25 0.92 N.A. ~ N.A. ! 167.61 139.29 639.65 877.13
3.1 Total Net Assets at the beginning of the half year period (Rs. in crores) 1,401.44 403.98 169.96 132.07 3,319.48 1.17 3.80 10.43 299.36 227.88 0.00 0.003.2 Total Net Assets at the end of the period (Rs. in crores) 1,574.78 452.06 69.72 53.93 2,248.88 0.94 N.A. ~ N.A. ! 172.59 144.68 648.23 881.23
Percentage of Management Fees to daily average net assets N.A. N.A. 1.37% 0.79% 0.36% N.A. N.A. N.A. N.A. N.A. 0.28% 0.26%(Institutional Option) [%] #Percentage of Management Fees to daily average net assets N.A. N.A. N.A. N.A. 0.25% N.A. N.A. N.A. N.A. N.A. N.A. N.A.(Institutional Plus Option) [%] #
6.5 Total Recurring expenses as a percentage of daily average net assets 1.94% 2.27% 1.81% 1.15% 0.69% 1.00% 1.16% 1.13% 1.96% 1.95% 0.84% 0.75%(Regular Option) [%] #
Total Recurring expenses as a percentage of daily average net assets N.A. N.A. 1.10% 0.81% 0.58% N.A. N.A. N.A. N.A. N.A. 0.65% 0.55% (Insitutional Option) [%] #
Total Recurring expenses as a percentage of daily average net assets N.A. N.A. N.A. N.A. 0.39% N.A. N.A. N.A. N.A. N.A. N.A. N.A.(Insitutional Plus Option) [%] #
7.1 Returns during the half year (absolute returns) * 18.93% 16.39% 1.97% 2.29% 4.90% 1.75% N.A. ~ N.A. ! 2.87% 3.66% N.A. N.A.7.2 Compounded Annualised yield
(I) Last 1 year 32.01% 35.20% 0.80% 4.10% 4.67% 1.84% N.A. ~ N.A. ! 4.26% 5.65% N.A. N.A.(ii) Last 3 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. ~ N.A. ! N.A. N.A. N.A. N.A.(iii) Last 5 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. ~ N.A. ! N.A. N.A. N.A. N.A.(iv) Since launch of the scheme 74.63% 27.03% 5.67% 5.18% 4.99% 2.18% N.A. ~ N.A. ! 4.67% 6.05% 2.11% ** 5.56% **
7.3 Compounded Annualised yield for Benchmark Index(I) Last 6 months 18.32% 20.11% 2.04% 2.22% 4.49% 2.35% N.A. ~ N.A. ! 3.92% 3.92% N.A. N.A.(ii) Last 1 year 18.27% 21.89% 0.18% 3.03% 4.17% 3.38% N.A. ~ N.A. ! 2.37% 2.37% N.A. N.A.(iii) Last 3 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. ~ N.A. ! N.A. N.A. N.A. N.A.(iv) Last 5 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. ~ N.A. ! N.A. N.A. N.A. N.A.(v) Since launch of the scheme 42.22% 19.21% 4.55% 4.33% 4.34% 3.91% N.A. ~ N.A. ! 2.82% 2.82% 1.75% ** 4.80% **Date of Allotment 10-Dec-02 24-Feb-04 10-Dec-02 10-Dec-02 4-Dec-02 5-Dec-03 5-Dec-03 4-Dec-02 24-Feb-04 24-Feb-04 16-Nov-04 16-Nov-04
7.4 Benchmark Index BSE 200 BSE 500 Crisil Composite Crisil Short Term Crisil Liquid I-Sec-Si-Bex I-Sec-Li-Bex Crisil Composite Crisil MIP Crisil MIP Crisil Liquid Crisil LiquidBond Fund Index Bond Fund Index Fund Index Bond Fund Index Blended Index Blended Index Fund Index Fund Index
9 Payment to associate / group companies (Rs. in crores) — — — — — — — — — — — —{Refer to Notes to account— note 2}
10 Investment made in associate / group companies (Rs. in crores) — — — — — — — — — — — —{Refer to Notes to account— note 3}
* Considering Movement of NAV during the half-year and after adjustment of dividend, etc. Returns for all Funds indicate absolute returns except for HSBC Cash Fund which has been annualised.** Returns since launch of Scheme/Plan represents absolute return for the Plans which are in existence for less than 1 year. Returns during the half year are calculated based on NAV as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes@ Indicates less than 0.01# Indicates annualised for the period$ Indicates schemes / plans launched during the current half year and hence opening Unit Capital, Net Assets and NAV per unit for the period are not available.^ Indicates has been redeemed during the current half year~ HSBC Gilt Fund— Long Term Plan was wound up with effect from Jan 31, 2005 in accordance with the SEBI (Mutual Fund) Regulations, 1996! HSBC Institutional Income Fund— Investment Plan was wound up with effect from Dec 30, 2004 in accordance with the SEBI (Mutual Fund) Regulations, 1996
Schemes performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio.The calculation of returns shall assume that all payouts during the period have been reinvested in the units of the scheme at the then prevailing NAV.
Notes to the accounts1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.2. Details of amounts paid to associates in terms of Regulation 25 (8)
HSBC MUTUAL FUNDUnaudited Half-Yearly Financial Results for the period ended 31 March, 2005. As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
Name of the Payee HEF HCF HIF-IP HIF-ST HIIF-IP HGF-LT HGF-ST HMIP-R HMIP-S HIOF HFRF-LT HFRF-ST TOTALHSBC Securities and Capital Markets (India) Pvt. Ltd.Brokerage 12.71 1.03 1.37 5.93 21.04The Hongkong & Shanghai Banking Corporation Ltd.Brokerage on Distribution - HSBC Ltd 256.19 61.05 11.56 8.77 0.04 0.03 35.76 19.08 120.53 6.40 14.95 534.38Collection / Bank Charges 1.58 0.50 0.49 0.27 0.00 @ 0.05 2.57 2.46 0.25 0.02 0.06 8.25
Settlement Charges # 9.14
3. Details of investment in Fixed Deposits with associates in terms of Regulations 25 (8)
Hongkong and Shanghai Banking Corporation (Rs. in crores)
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is on the panel of the bankers with whom HSBC Mutual Fund places money on Fixed Depositsand enters into reverse repo / government securities transactions from time to time at competitive rates.HSBC Mutual Fund also enters into transactions in reverse repo, government securities and treasury bills at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor.The Schemes of HSBC Mutual Fund subcsribed to the public issue of Jet Airways India Limited during the half year ended March 31, 2005. The Fund was allotted 63623 shares @ Rs. 1100 per share. HSBC Securities and Capital Markets (India) Pvt. Ltd., the Sponsorwas the book running lead manager in these issues. However these were subscribed through merchant bankers/brokers other than the Sponsor.
HSBC Asset Management
@ : Indicates less than 0.01# : Charges paid by all the schemes of HSBC Mutual Fund towards settlement of Government Securities transactions through the constituent SGL account.
Hindustan Lever Limited HCF HMIP-R 113.52 —HFRF-ST HMIP-S 152.44 —
HEF 279.22 —
Hindustan Lever Chemicals HIOF 206.64 —(Subsidiary of HindustanLever Limited)
Indian Aluminium Company Ltd. HFRF-LT HMIP-R 547.49 —HIF-IP — 499.99HIF-ST 521.76 521.18
Indian Rayon & Industries Ltd. HFRF-LT HEF 806.94 1,446.06HIOF 1,146.01 2,208.60
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during March 31, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the March 31, 2005 Value)
Hindustan Zinc Limited HIOF 78.87 —(Subsidiary of Sterlite Industries)
The Great Eastern Shipping Co Ltd. HIIF-ST HIOF 958.92 771.73HEF 2,104.77 1,692.90
Tata Iron and Steel Co. Ltd. HCF HEF 8,670.98 3,609.45HIOF 2,106.94 1,122.94HMIP-R 485.35 109.89HMIP-S 507.36 142.77
4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during March 31, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the March 31, 2005 Value)
Company/Subsidiary (Rs. in Lakhs) (Rs. in Lakhs)
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during March 31, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the March 31, 2005 Value)
Company/Subsidiary (Rs. in Lakhs) (Rs. in Lakhs)
HEF—HSBC Equity Fund
HIOF—HSBC India Opportunities Fund
HIF—IP—HSBC Income Fund — Investment Plan
HIF—ST—HSBC Income Fund — Short Term Plan
HCF—HSBC Cash Fund
HGF—LT — HSBC Gilt Fund — Long Term Plan
HGF—ST — HSBC Gilt Fund — Short Term Plan
HMIP—R — HSBC MIP — Regular Plan
HMIP—S — HSBC MIP — Saving Plan
HFRF—ST — HSBC Floating Rate Fund — Short Term Plan
HFRF—LT — HSBC Floating Rate Fund — Long Term Plan
HIIF—IP — HSBC Institutional Income Fund — Investment Plan
HIIF—ST — HSBC Institutional Income Fund — Short Term Plan
The above investments comprise equity shares, debentrures / bonds, commercial paper, fixed deposits and other debt instruments.
These investments have been made on account of their high credit quality and competitive yield for the investment in fixedincome/ money market insturments and in case of equity shares because of attractive valuations of these companies.
HSBC MUTUAL FUND HALF–YEARLY PORTFOLIO DISCLOSURES
** Securities are classified as thinly traded/non traded on the date of valuation in accordance with SEBI Regulations andGuidelines.
HSBC Asset Management
5. Details of investors holding units in the scheme over 25% of the NAV as on March 31, 2005 is Nil6. No bonus was declared during the reporting period.7. There are no deferred revenue expenditure in any of the schemes of HSBC Mutual Fund8. During the reporting period, HSBC Cash Fund borrowed Rs 59,25,00,000 for 1 day from HSBC to meet redemptions/ switch-outs.
Interest on this borrowing was borne by HSBC Asset Management (India) Private Limited. The borrowing represents 1.98% of thenet assets of the Scheme.
9. Details of Schemes which have outstanding Derivative (OIS) position as on March 31, 2005:
Scheme Notional value (Rs. in Crores)
HSBC Cash Fund 100
The above results have been compiled for all schemes/plans which existed during the half year ended 31 March, 2005. During the period there have been no investment in foreign securities.
The above unaudited financial results have been approved by the Directors of HSBC Asset Management (India) Private Limited and Board of Trustees of HSBC Mutual Fund.
Mumbai For and on behalf of the Board of Directors of For and on behalf of the Board of TrusteesDate: 29 April, 2005 HSBC Asset Management (India) Private Limited HSBC Mutual Fund
For scheme specific risk factors, please refer to the note after the Niall S. K. Booker Sanjay Prakash N.P. Gidwani Dilip J. Thakkarhalf yearly portfolio disclosures. Chairman Chief Exeutive Officer Trustee Trustee
HSBC MUTUAL FUND – HSBC MIP SavingsHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
HSBC MUTUAL FUND – HSBC MIP RegularHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
HSBC MUTUAL FUND – HSBC EQUITY FUNDHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
BANKS1 Punjab National Bank Limited 75,802 298.17 2.062 State Bank of India 43,700 286.15 1.983 ICICI Bank Limited 57,298 225.07 1.564 Bank of Baroda 26,500 57.70 0.40
Total 3,007.21 20.792 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non–Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited 100 983.27 6.80 AAA2 Canara Bank Limited 100 528.66 3.65 AAA3 UltraTech Cement Limited 5 517.34 3.58 AA+4 Industrial Development Bank of India Limited 500 515.96 3.57 AA+5 Industrial Development Bank of India Limited 500 501.83 3.47 LAA+6 Industrial Development Bank of India Limited 50 493.03 3.41 LAA+7 Mahavir Spinning Mills Limited 5 381.10 2.63 AA-8 Indian Railway Finance Corporation Limited 5 49.98 0.35 AAA
Total 3971.17 27.45b) Privately Placed / Unlisted**1 ABN Amro Bank 5 545.64 3.77 AAA
Total 545.64 3.773 Securitised Debt (Unlisted)a) Non–Traded**1 Indian Retail ABS Trust Series X (ICICI Bank ) PTC 20 1,235.63 8.54 AAA(SO)2 NTPC Loan Securitised Trust Series XII PTC 10 711.91 4.92 AAA(SO)3 Indian Retail ABS Trust -Series XIV (ICICI Bank) PTC 5 288.68 2.00 AAA(SO)4 Indian Retail ABS Trust Series IV (ICICI Bank) PTC 5 111.75 0.77 MAAA(SO)
Total 2347.98 16.234 Money Market Instrumentsa) Commercial Papers1 Indian Hotels Company Limited 300 1,483.63 10.25 A1+2 Simplex Concrete Piles India Limited 160 793.83 5.49 PR1+
Total 2277.47 15.74b) Certificate of Deposit1 Kotak Mahindra Bank Limited 1,000 994.20 6.87 P1+2 The Jammu And Kashmir Bank Limited 500 497.63 3.44 P1+
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
BANKS1 Punjab National Bank Limited 90,769 357.04 2.072 State Bank of India 36,000 235.73 1.373 ICICI Bank Limited 22,552 88.58 0.514 Bank of Baroda 20,744 45.17 0.26
AUTO ANCILLARIES1 Apollo Tyres Limited 1,347,924 3,875.28 2.462 Amtek Auto Limited 2,320,206 3,762.21 2.39
BANKS1 State Bank of India 1,597,000 10,457.16 6.642 Bank of Baroda 1,460,000 3,179.15 2.023 Punjab National Bank Limited 801,491 3,152.66 2.004 Canara Bank Limited 1,481,013 2,962.03 1.885 Oriental Bank of Commerce 717,972 2,226.07 1.416 ICICI Bank Limited 504,343 1,981.06 1.267 Indian Overseas Bank 1,980,000 1,507.77 0.968 Vijaya Bank Limited 1,200,000 769.80 0.499 Industrial Development Bank of India Limited 465,000 423.85 0.27
Total 154,681.36 98.222 Reverse Repos 1,482.52 0.943 Net Receivable / (Payable) 1314.57 0.83
Net Assets as on 31 March 2005 157,478.45 100.00
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC INDIA OPPORTUNITIES FUNDHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
AUTO1 Mahindra and Mahindra Limited 622,196 3,091.69 6.842 Maruti Udyog Limited 182,944 770.74 1.703 TVS Motor Company Limited 227,748 154.75 0.34
AUTO ANCILLARIES1 Amtek Auto Limited 557,895 904.63 2.002 Apollo Tyres Limited 83,801 240.93 0.53
BANKS1 State Bank of India 240,000 1,571.52 3.482 Kotak Mahindra Bank Limited 291,203 988.49 2.193 Punjab National Bank Limited 237,066 932.50 2.064 Oriental Bank of Commerce 297,912 923.68 2.045 Canara Bank Limited 424,343 848.69 1.886 Federal Bank Limited 292,424 453.26 1.007 Bank of Baroda 181,765 395.79 0.888 Karnataka Bank Limited 261,000 184.66 0.419 Vijaya Bank Limited 200,000 128.30 0.28
10 Industrial Development Bank of India Limited 120,637 109.96 0.2411 Karur Vysya Bank Limited 15,884 65.15 0.14
1 Indian Rayon and Industries Limited 549,061 2,208.60 4.892 The Arvind Mills Limited 568,500 649.80 1.443 Welspun India Limited 526,254 648.61 1.434 Alok Industries Limited 190,603 115.89 0.26
TEXTILES - COTTON1 Vardhman Spg and Gen Mills Limited 77,201 206.98 0.46
TRANSPORTATION1 Great Eastern Shipping Company Limited 501,452 771.73 1.71
Total 44,589.67 98.632 Reverse Repos 552.78 1.223 Net Receivable / (Payable) 63.85 0.14
Net Assets as on 31 March 2005 45,206.31 100.00
* Indicates percentage to Net Asset Value for that security is less than 0.01%.** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulationsand Guidelines.
HSBC MUTUAL FUND – HSBC CASH FUNDHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
1 Housing Development and Finance Corporation Limited 250 2,497.51 1.11 AAA2 Industrial Development Bank of India Limited 500 515.96 0.23 AA+3 Industrial Development Bank of India Limited 500 502.51 0.22 AA+
Total 3,515.99 1.56b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 700 7,000.00 3.11 P1+2 Bajaj Hindusthan Limited 30 3,000.00 1.33 IND F1+3 Rural Electrification Corporation Limited 25,000 2,517.85 1.12 AAA4 Electro Steel Castings Limited 25 2,500.00 1.11 P1+5 Bombay Dyeing & Manufacturing Company Limited 2,500,000 2,500.00 1.11 A1+6 Chambal Fertilizers and Chemicals Limited 20 2,000.00 0.89 P1+7 Kotak Mahindra Primus Limited 200 1,997.91 0.89 P1+8 GE Capital Services India 10 1,000.16 0.44 P1+9 Manaksia Limited 10 1,000.00 0.44 PR1+
10 Kotak Securities Limited 10 1,000.00 0.44 IND F1+11 Hindustan Construction Company Limited 1,000 1,000.00 0.44 PR1+12 Birla Global Finance Limited 1,000,000 1,000.00 0.44 A1+13 Canbank Factors Limited 50 500.00 0.22 P1+14 Canbank Factors Limited 50 500.00 0.22 P1+15 Birla Global Finance Limited 500,000 500.00 0.22 A1+
Total 28,015.92 12.462 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded1 Housing Development and Finance Corporation Limited 150 1,500.00 0.67 AAA
Total 1,500.00 0.67aii) Non–Traded / Thinly Traded**
1 Citi Financial Consumer Finance India Limited 500 4,998.08 2.22 AAA2 Housing Development and Finance Corporation Limited 400 4,006.86 1.78 AAA3 Industrial Development Bank of India Limited 250 2,501.33 1.11 AA+4 Kotak Mahindra Primus Limited 250 2,500.43 1.11 MAA+5 Citi Financial Consumer Finance India Limited 250 2,500.00 1.11 AAA6 Mahindra and Mahindra Financial Services Limited 25 2,500.00 1.11 AA+7 Mahindra and Mahindra Financial Services Limited 250 2,500.00 1.11 P1+8 Mahindra and Mahindra Financial Services Limited 250 2,496.98 1.11 AA+9 Housing Development and Finance Corporation Limited 200 2,008.81 0.89 LAAA
10 Mahindra and Mahindra Financial Services Limited 2,000,000 2,005.80 0.89 AA
11 Kotak Mahindra Primus Limited 200 2,003.96 0.89 MAA12 Mahindra and Mahindra Financial Services Limited 200 2,000.00 0.89 AA+13 Mahindra and Mahindra Financial Services Limited 20 2,000.00 0.89 AA+14 Citicorp Finance India Limited 100 1,002.50 0.45 AAA15 Citicorp Maruti Finance Limited 10 1,000.00 0.44 AAA16 Citicorp Maruti Finance Limited 10 1,000.00 0.44 AAA17 Kotak Mahindra Primus Limited 1,000 1,000.00 0.44 MAA+18 UTI Bank Limited 50 502.12 0.22 AA+19 Citi Financial Consumer Finance India Limited 500 500.00 0.22 AAA20 Citicorp Finance India Limited 500 500.00 0.22 AAA
Total 39,526.88 17.58b) Privately Placed / Unlisted**1 Housing And Urban Development Corporation Limited 750 7,495.89 3.33 PR1+2 Kotak Mahindra Investments Limited 350 3,500.00 1.56 A1+3 GE Capital Services India 25 2,503.57 1.11 AAA4 Rabo India Finance Private Limited 250 2,500.00 1.11 AAA5 Housing And Urban Development Corporation Limited 250 2,500.00 1.11 IND F1+6 Rabo India Finance Private Limited 200 2,000.00 0.89 P1+7 ICICI Bank Limited 150 1,500.00 0.67 AAA8 Sundaram Finance Limited 100 1,000.00 0.44 A1+9 Sundaram Finance Limited 100 1,000.00 0.44 P1+
10 Indian Retail ABS Trust S-XXIV (ICICI Bank) PTC 20 1,480.07 0.66 MAAA(SO)11 Asset Securitisation Trust Dec 2004 IV (Chola) PTC 10 941.71 0.42 AAA(SO)12 PFSL TELCO Series A2 PTC 10 305.63 0.14 MAAA13 Indian Retail ABS Trust - Series VIII (ICICI Bank) PTC 15 252.85 0.11 MAAA(SO)14 Indian Retail ABS Trust-Series XIV (ICICI Bank) PTC 20 226.05 0.10 P1+(SO)15 UBL Trust Series 2 (ALFL) PTC 10 175.54 0.08 AAA(SO)16 Retail 2003 Series I (HDFC Bank) PTC 10 174.66 0.08 AAA(SO)
Total 37,627.03 16.734 Money Market Instrumentsa) Commercial Papers1 Standard Chartered Investment And Loans (India) Limited 1,100 5,360.13 2.38 P1+2 GE Capital Services India 1,000 4,906.90 2.18 P1+3 Reliance Energy Limited 1,000 4,738.26 2.11 IND F1+4 Reliance Energy Limited 700 3,315.73 1.47 IND F1+5 Ballarpur Industries Limited 600 2,833.62 1.26 IND F1+6 Standard Chartered Investment And Loans (India) Limited 500 2,483.68 1.10 P1+7 Standard Chartered Investment And Loans (India) Limited 500 2,481.49 1.10 P1+8 Citicorp Finance India Limited 320 1,582.86 0.70 P1+9 Cholamandalam Investment and Finance Company Limited 300 1,491.27 0.66 P1+
10 Exide Industries Limited 300 1,484.51 0.66 A1+11 Kotak Mahindra Primus Limited 300 1,454.77 0.65 P1+12 Hindustan Sanitaryware and Industries Limited 200 996.88 0.44 A1+13 Apollo Tyres Limited 200 996.13 0.44 P1+14 IDBI Home Finance 200 995.33 0.44 A1+15 ICICI Securities Limited 200 989.81 0.44 P1+16 Lakshmi General Finance Limited 200 986.61 0.44 P1+17 Lakshmi General Finance Limited 200 986.46 0.44 P1+18 Bajaj Auto Finance Limited 200 985.89 0.44 P1+19 Hindustan Construction Company Limited 200 974.90 0.43 PR1+20 Housing Development and Finance Corporation Limited 200 961.83 0.43 P1+21 Simplex Concrete Piles India Limited 160 793.83 0.35 PR1+22 Jagran Prakashan Limited 100 493.71 0.22 P1+
Total 42,294.63 18.81b) Certificate of Deposit1 ICICI Bank Limited 5,500 5,399.35 2.40 P1+2 Allahabad Bank 5,000 4,934.44 2.19 P1+3 UTI Bank Limited 5,000 4,887.67 2.17 A1+4 ING Vysya Bank Limited 5,000 4,871.39 2.17 P1+5 Kotak Mahindra Bank Limited 3,000 2,998.15 1.33 P1+6 Kotak Mahindra Bank Limited 2,500 2,453.75 1.09 P1+7 UTI Bank Limited 2,500 2,444.81 1.09 A1+8 ICICI Bank Limited 2,500 2,436.64 1.08 A1+9 Allahabad Bank 2,500 2,435.17 1.08 P1+
10 UTI Bank Limited 2,500 2,368.85 1.05 A1+11 Kotak Mahindra Bank Limited 2,000 1,943.48 0.86 P1+12 ICICI Bank Limited 1,500 1,443.96 0.64 P1+13 UCO Bank Limited 1,500 1,413.93 0.63 P1+14 UCO Bank Limited 1,500 1,412.72 0.63 P1+15 Kotak Mahindra Bank Limited 1,000 991.76 0.44 P1+16 ICICI Bank Limited 1,000 962.18 0.43 A1+17 The Jammu And Kashmir Bank Limited 200 199.05 0.09 P1+
Total 43,597.31 19.39Total Money Market Instruments 85,891.94 38.19
5 Othersa) Fixed Deposit 2,500.00 1.11
Total 2,500.00 1.116 Reverse Repo 52.23 0.027 Net Receivable / (Payable) 2,258.35 1.00
Net Assets as on 31 March 2005 224,887.80 100.00
** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulations andGuidelines. Notional Amount of Interest Rate Swaps Outstanding is Rs100 Crs
HSBC MUTUAL FUND – HSBC INCOME FUND INVESTMENT PLANHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 2,445.35 35.07b) Privately Placed /Unlisted**
Total — —2 Securitised Debt (Unlisted)a) Non–Traded**1 GECSI Loan Series I Class D (IRFC) PTC 5 506.46 7.26 AAA(SO)2 GACL Loan Receivable Trust II PTC 5 486.99 6.98 AA+(SO)3 NTPC Loan Securitised Trust Series XII PTC 5 355.96 5.11 AAA(SO)4 PFSL LIC Housing Finance PTC 5 150.17 2.15 AAA(SO)
Total 1,499.58 21.513 Government Securities (Listed)1 9.39% Government of India Security 2011 500,000 571.65 8.20 Sovereign2 7.55% Government of India Security 2010 500,000 525.25 7.53 Sovereign3 5.59% Government of India Security 2016 400 0.35 0.01 Sovereign
Total 1,097.25 15.744 Reverse Repos 1,819.20 26.095 Net Receivable / (Payable) 111.05 1.59
Net Assets as on 31 March 2005 6,972.43 100.00
** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulationsand Guidelines.
HSBC MUTUAL FUND – HSBC INCOME FUND SHORT TERM PLANHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non–Traded / Thinly Traded**1 Indian Aluminium Company Limited 5 521.18 9.66 AAA2 Industrial Development Bank of India Limited 500 515.96 9.57 AA+3 Citi Financial Consumer Finance India Limited 5 494.80 9.17 AAA
Total 1,531.94 28.41b) Privately Placed / Unlisted**1 ABN Amro Bank 5 545.64 10.12 AAA
Total 545.64 10.12
** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
2 Securitised Debt (Unlisted)a) Non–Traded**1 Fleet Trust August - I (CFIL) PTC 5 358.22 6.64 AAA(SO)2 PFSL Senior Chola Nov 2003 PTC 5 313.32 5.81 MAAA(SO)3 PFSL Citi Dec 2002 PTC 5 248.41 4.61 AAA(SO)4 UBL Trust Series 2 (ALFL) PTC 5 87.77 1.63 AAA(SO)
Total 1,007.72 18.693 Money Market Instrumentsa) Commercial Papers1 Reliance Energy Limited 100 473.68 8.78 IND F1+
Total 473.68 8.78b) Certificate of Deposit1 Kotak Mahindra Bank Limited 500 485.87 9.01 P1+2 Federal Bank Limited 500 473.12 8.77 P1+3 UCO Bank Limited 500 471.31 8.74 P1+4 The Jammu And Kashmir Bank Limited 300 298.58 5.54 P1+
Total 1,728.88 32.06Total Money Market Instruments 2,202.55 40.84
b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 50 500.00 0.77 P1+
Total 500.00 0.772 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non–Traded / Thinly Traded**
1 Housing Development and Finance Corporation Limited 350 3,515.41 5.42 LAAA2 Industrial Development Bank of India Limited 250 2,601.37 4.01 AA+3 Mahindra and Mahindra Financial Services Limited 250 2,500.00 3.86 AA+4 Industrial Development Bank of India Limited 200 1,999.25 3.08 AA+5 LIC Housing Finance Limited 150 1,502.25 2.32 AAA6 Housing Development and Finance Corporation Limited 100 1,007.09 1.55 AAA7 Citicorp Finance India Limited 100 1,004.96 1.55 AAA8 Export Import Bank of India 100 1,001.05 1.54 AAA9 Housing Development and Finance Corporation Limited 100 1,000.00 1.54 AAA
a) Non–Traded**1 Retail Trust Mar 2005 (HDFC Bank) PTC 50 5,157.99 7.96 AAA(SO)2 MART 2005 Series V (Standard Chartered Bank) PTC 40 4,091.27 6.31 MAAA3 BHPC Auto Securitisation Trust (Telco) PTC 20 2,083.87 3.21 MAAA(SO)4 Indian Retail ABS Trust Series XIII (ICICI Bank) PTC 20 1,986.29 3.06 AAA(SO)5 Indian Retail ABS Trust -Series XI (ICICI Bank) PTC 15 1,034.32 1.60 AAA(SO)6 Indian Retail ABS Fleet Trust Apr 2004 10 863.93 1.33 AAA(Ind)(SO)
Series VII (ICICI Bank) PTC7 Fleet Trust Jan 2004 - (CFIL) PTC 10 781.73 1.21 AAA(SO)8 Asset Securitisation Trust Dec 2004 IV (Chola) PTC 10 689.74 1.06 AAA(SO)
Total 16,689.13 25.754 Money Market Instruments
a) Commercial Papers1 GE Capital Services India 700 3,453.40 5.33 P1+2 Rabo India Finance Private Limited 500 2,449.04 3.78 P1+3 Infrastructure Leasing and Financial Services Limited 500 2,377.29 3.67 IND F1+4 Hindustan Construction Company Limited 300 1,469.61 2.27 PR1+5 Housing Development and Finance Corporation Limited 200 961.83 1.48 P1+6 Simplex Concrete Piles India Limited 80 396.92 0.61 PR1+
Total 11,108.09 17.14b) Certificate of Deposit1 The Jammu And Kashmir Bank Limited 2,500 2,470.47 3.81 P1+2 ING Vysya Bank Limited 2,500 2,373.02 3.66 P1+3 ICICI Bank Limited 2,000 1,925.67 2.97 P1+4 Federal Bank Limited 2,000 1,892.48 2.92 P1+5 Kotak Mahindra Bank Limited 1,000 962.62 1.48 P1+6 The Jammu And Kashmir Bank Limited 1,000 947.82 1.46 P1+7 UCO Bank Limited 1,000 941.81 1.45 P1+8 The Jammu And Kashmir Bank Limited 500 497.63 0.77 P1+9 UCO Bank Limited 500 471.31 0.73 P1+
Total 12,482.83 19.26Total Money Market Instruments 23,590.92 36.39
5 Othersa) Fixed Deposit 2,000.00 3.09
Total 2,000.00 3.096 Reverse Repo 1,048.38 1.627 Net Receivable / (Payable) 962.17 1.48
Net Assets as on 31 March 2005 64,823.33 100.00
HSBC MUTUAL FUND — HSBC FLOATING RATE FUND - LONG TERM PLANHalf Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
** Securities are classified as thinly traded / non-traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC FLOATING RATE FUND - SHORT TERM PLANHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 3,000.00 3.402 MIBOR Linked / Floating Rate Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non–Traded / Thinly Traded**1 Export Import Bank of India 450 4,504.72 5.11 AAA2 Housing Development and Finance Corporation Limited 250 2,511.01 2.85 LAAA3 Housing Development and Finance Corporation Limited 250 2,500.00 2.84 AAA4 Mahindra and Mahindra Financial Services Limited 250 2,500.00 2.84 AA+5 Housing Development and Finance Corporation Limited 200 2,003.43 2.27 AAA6 Sundaram Finance Limited 200 2,000.00 2.27 AAA7 Sundaram Finance Limited 200 2,000.00 2.27 MAAA8 Industrial Development Bank of India Limited 150 1,540.27 1.75 LAA+9 Industrial Development Bank of India Limited 100 1,000.17 1.13 AA+
10 Mahindra and Mahindra Financial Services Limited 50 504.28 0.57 AA+11 Housing Development and Finance Corporation Limited 50 503.55 0.57 AAA12 UTI Bank Limited 50 502.12 0.57 AA+13 Citicorp Finance India Limited 50 500.00 0.57 AAA14 Export Import Bank of India 50 499.26 0.57 AAA
Total 23,068.81 26.18b) Privately Placed / Unlisted**1 Housing And Urban Development Corporation Limited 200 2,000.00 2.27 IND F1+2 Deccan Chronicle Holdings Limited 250 2,500.00 2.84 AA3 Ford Credit Kotak Mahindra Limited 3,000 3,003.89 3.41 P1+4 ICICI Bank Limited 150 1,500.00 1.70 AAA5 Indian Oiltanking Limited 10 500.00 0.57 IND F1+6 Kotak Mahindra Investments Limited 100 1,000.00 1.13 A1+7 Lakshmi General Finance Limited 15 1,500.00 1.70 P1+
Issued by HSBC Asset Management (India) Private Limited
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBC Mutual Fund, 52/60 Mahatma Gandhi Road, Fort, Mumbai 400 001. Tel: 022-2273 4343. Statutory Details: HSBC Mutual Fund has been set up as a trust by HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpusof Rs.1 Lakh). The Sponsor / associates of the Sponsor/ Asset Management Company (AMC) are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes. The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager. Risk Factors: All investments in mutual funds and securities aresubject to market risks and the Net Asset Value (NAV) of the Scheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of the Sponsor/AMC does not indicate the future performance of theScheme(s) of the Mutual Fund. HSBC Equity Fund (HEF), HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC Cash Fund (HCF), HSBC MIP (HMIP), HSBC India Opportunities Fund (HIOF) and HSBC Floating Rate Fund (HFRF) are the names of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns. Scheme Classification: HEF(an open-ended growth scheme) aims to generate long-term capital growth from an actively managed portfolio of equity and equity related securities. HIOF (an open-ended growth scheme) seeks to provide long term capital growth through investments across all market capitalisations, including large, mid and small cap stocks and also retains the flexibility to invest up to 50% ofthe portfolio in debt and money market instruments. HIF (an open-ended income scheme) aims to provide a reasonable income whilst maintaining a prudent policy of capital conservation. HGF (an open-ended gilt scheme) aims to generate reasonable returns through investments in Government Securities of various maturities. HCF (an open-ended liquid scheme) aims to provide reasonablereturns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. HMIP (an open-ended fund, monthly income is not assured and is subject to availability of distributable surplus) seeks to generate reasonable returns through investments in debt and money market instruments with a secondary objective to seek capitalappreciation through investments in equity and equity related instruments. HFRF (an open-ended income scheme) seeks to generate a reasonable return with commensurate risk through investments in floating rate debt instruments and fixed rate debt instruments swapped for floating rate returns. The Scheme may also invest in fixed rate money market and debt instruments. Termsof Issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale and redemption, units of the Scheme(s) on all Business Days, at the Applicable NAV. Load Structure: HEF, HIOF - Entry Load - For investments below Rs Five crores - 2.25%. For investments of Rs Five crores and above -nil. No Entry Load shall be applicable in case of investments into HEF / HIOF by way of Systematic Investment Plan (SIP) and / or Systematic Transfer Plan (STP) (specified by way of fixed amount in case of HIF, HCF, HMIP, HGF and HFRF or by way of capital appreciation in the Growth Sub-Options under the Regular, Institutional and Institutional Plus Options of HCF and inthe Growth Sub-Option under the Regular and Institutional Options of HFRF- Short Term Plan as described in the Offer Document where each such investment or amount of capital appreciation by way of SIP/STP is of Rs. 25 Lakhs or below. However an Exit Load of 2.25% shall be applicable on the fixed amount or capital appreciation of Rs. 25 Lakhs or below by way of SIP / STP,if such amount is redeemed / switched out of the Scheme within two years from the date of the relevant investment / transfer. In case of investments of more than Rs. 25 Lakhs by way of SIP/STP, an Entry Load of 2.25% will be charged on each such investment. However such load shall not be charged to investors opting to automatically shift the capital appreciation in the valueof their investments in the Growth Sub-Option under the Regular, Institutional and Institutional Plus Options of HCF and in the Growth Sub-Option under the Regular and Institutional Options of HFRF- Short Term Plan on the first, tenth and the twentieth day of every month to HEF / HIOF. However an Exit Load of 2.25% shall be applicable on amount of capital appreciationof more than Rs. 25 Lakhs by way of SIP / STP, if such amount is redeemed / switched out of the Scheme within two years from the date of the relevant investment / transfer. No load shall be applicable in case of Switch in / Switch out, from / to HEF, HIOF. HMIP - Entry Load - nil. Exit Load- For Investments below Rs 10 Lakhs - 0.50% if redeemed within 180 days from date of investment.For investments of Rs 10 Lakhs and above - nil. In case of HIF-Investment Plan- Entry Load- nil. Exit Load- For investments below Rs 10 Lakhs in Regular Option- 0.5% if redeemed within 180 days from the date of investment, otherwise nil. For investments of Rs. 10 Lakhs and above in Regular Option- nil. No Load will be charged in case of Institutional Option of HIF. No Entry Loadshall be applicable in case of investments in HFRF. Exit Load of 0.50% shall be charged in case of each investment below Rs 10 Lakhs, if redeemed before completion of six months from the date of investment in HFRF-Long Term Plan- Regular Option. HIF-Institutional Option and HFRF: No Exit Load shall be applicable in case of STP and Systematic Encashment Plan (SEP) as describedin the Offer Document. Load in case of dividend reinvestments: Where investors opt for reinvestment of dividend earned from the Weekly Dividend Sub-Option under Institutional and Institutional Plus Options of HCF and under the Weekly Dividend Sub-Option under the Institutional Option of HFRF- Short Term Plan, into HEF / HIOF, an Exit Load of 2.25% shall be applicableon the amount of dividend reinvested, if such amount is redeemed / switched out of HEF / HIOF within two years from the date of the reinvestment. No Entry Load will be charged for the amount of dividend reinvestment transferred in to the HEF / HIOF. Load in case of investments by Fund-of-Funds (FOF) Scheme: No load (entry/exit) will be charged by the Schemes of HSBC MutualFund on the investments made by Fund-of- Funds Schemes launched by mutual funds. The entry / Exit Load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. Please read the Offer Documents for details and risk factors before investing.
Details of Portfolio Turnover Ratio and Average MaturityScheme/ Plan Name Portfolio turnover during Average
the half year ended MaturityMarch 31, 2005 (Months)
HSBC Equity Fund 0.56 NAHSBC Income Fund - Investment Plan NA 25.65HSBC Income Fund - Short Term Plan NA 11.03HSBC Cash Fund NA 3.16HSBC Floating Rate Fund - Long Term Plan NA 4.83HSBC Floating Rate Fund - Short Term Plan NA 3.60HSBC Gilt Fund Short Term Plan NA 0.12HSBC India Opportunities Fund 0.55 NAHSBC MIP - Regular Plan 0.22 11.24*HSBC MIP - Savings Plan 0.35 12.18*
* Indicates average maturity for the Debt portion of the portfolio
Dividend declaration under the Dividend Options of the Schemes of HSBC Mutual Fund ( for the half year ended 31st March, 2005)Scheme/ Plan Record Date/ Dividend Dividend Dividend Dividend/ Option Name period of dividend (Rs. Per unit ) Rate (Rs. Per unit) Rate (Non-
HSBC Equity Fund - Dividend 15-Oct-04 1.50000000 15.00%
HSBC India Opportunities Fund - Dividend 18-Mar-05 1.00000000 10.00%
HSBC Cash Fund - Regular For October 04* 0.03267935 0.33% 0.03494565 0.35%Option - Daily Dividend For November 04* 0.03271468 0.33% 0.03498340 0.35%
For December 04* 0.03380559 0.34% 0.03615000 0.36%For January 05* 0.03416574 0.34% 0.03653511 0.37%For February 05* 0.03051297 0.31% 0.03262904 0.33%
For March 05* 0.03348876 0.33% 0.03581119 0.36%
HSBC Cash Fund - Institutional For October 04* 0.03324110 0.33% 0.03554633 0.36%Option - Daily Dividend For November 04* 0.03477186 0.35% 0.03718330 0.37%
For December 04* 0.03579752 0.36% 0.03828004 0.38%For January 05* 0.03603753 0.36% 0.03853671 0.39%For February 05* 0.03293959 0.33% 0.03522391 0.35%
For March 05* 0.03686852 0.37% 0.03942537 0.39%
HSBC Cash Fund - Institutional For October 04* 0.03206974 0.32%Plus Option - Daily Dividend For November 04* 0.03134674 0.31%
For December 04* 0.03599184 0.36%For January 05* 0.03593844 0.36%For February 05* 0.03284117 0.33%
For March 05* 0.03680085 0.37%
HSBC Cash Fund - Institutional For October 04* 0.03582532 0.36%Option - Weekly Dividend For November 04* 0.02947902 0.29%
For December 04* 0.04250112 0.43%For January 05* 0.03303289 0.33%For February 05* 0.03316641 0.33%
For March 05* 0.02668370 0.27%
HSBC Cash Fund - Institutional For October 04* 0.03655609 0.37%Plus Option - Weekly Dividend For November 04* 0.03149819 0.31%
For December 04* 0.04043711 0.40%For January 05* 0.03233808 0.32%For February 05* 0.03225538 0.32%
HSBC Floating Rate Fund - For November 04* 0.01171500 0.12%Long Term Plan - Institutional For December 04* 0.04544672 0.45%Option - Weekly Dividend For January 05* 0.03405242 0.34%
For February 05* 0.03426355 0.34%For March 05* 0.03216088 0.32%
HSBC Floating Rate Fund - 25-Nov-04 0.02257877 0.23%Long Term Plan - Institutional 31-Dec-04 0.04548157 0.45%Option - Monthly Dividend 28-Jan-05 0.02481000 0.25%
HSBC Floating Rate Fund - For November 04* 0.01780527 0.18% 0.01904008 0.19%Short Term Plan - Regular Option - For December 04* 0.03588025 0.36% 0.03836856 0.38%Daily Dividend For January 05* 0.03504997 0.35% 0.03748066 0.37%
For February 05* 0.03103079 0.31% 0.03318281 0.33%For March 05* 0.03506596 0.35% 0.03749780 0.37%
HSBC Floating Rate Fund - For November 04* 0.01845512 0.18% 0.01973498 0.20%Short Term Plan - Institutional For December 04* 0.03728408 0.37% 0.03986974 0.40%Option - Daily Dividend For January 05* 0.03643831 0.36% 0.03896530 0.39%
For February 05* 0.03227979 0.32% 0.03451841 0.35%For March 05* 0.03646188 0.36% 0.03899054 0.39%
HSBC Floating Rate Fund - For November 04* 0.01256128 0.13%Short Term Plan - Institutional For December 04* 0.04330667 0.43%Option - Weekly Dividend For January 05* 0.03248035 0.32%
For February 05* 0.03277435 0.33%For March 05* 0.03165225 0.32%
HSBC Floating Rate Fund - 25-Nov-04 0.02018029 0.20%Short Term Plan - Institutional 31-Dec-04 0.04119451 0.41%Option - Monthly Dividend 28-Jan-05 0.02481000 0.25%
4. Past performance may or may not be sustained in future.5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund
in terms of number of months.6. The portfolio turnover for HSBC Equity Fund, HSBC India Opportunities Fund, HSBC MIP Regular (Equity Portion) and HSBC MIP
Savings (Equity Portion) is the lower of purchases & sales to the average net assets during the half year ended March 31, 2005.7. Please refer to the unaudited half yearly financial results for the period ended 31st March, 2005 for details of NAV at the
beginning and end of the half year period.
Notes:1. The provision made for Non-Performing Assets as of March 31,2005 is Rs. NIL and its percentage to Net Asset Value is NIL.2 . Details of Schemes which have outstanding Derivative (OIS) position as on March 31, 2005:
The exposure to derivatives is not in excess of 10% of the net assets of the Scheme.
3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.
Notes:* This represents cummulative amounts of dividends declared during the month.Details of dividends declared by the Fund are given above. Investors who have not encashed/claimed their dividendor redemption proceeds are requested to get in touch with the nearest Investor Service Centre for the same. Alldividends are on the Face Value of Rs.10 per unit and are net of dividend distribution tax as relevant. After thepayment of dividend, the NAV falls to the extent of payout.
Scheme Notional value (Rs. in Crores)
HSBC Cash Fund 100
HSBC MUTUAL FUND – HSBC Gilt Fund Short Term PlanHalf–Yearly Portfolio Statement for the period ended March 31, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
Total 18,794.41 21.334 Money Market Instrumentsa) Commercial Papers1 GE Countrywide Consumer Financial Services Limited 500 2,431.09 2.76 P1+2 CitiFinancial Consumer Finance India Limited 400 1,966.64 2.23 P1+3 Cholamandalam Investment and Finance Company Limited 400 1,933.00 2.19 P1+
Total 6,330.73 7.18b) Certificate of Deposit1 The Jammu And Kashmir Bank Limited 4,000 3,791.34 4.30 P1+2 The Jammu And Kashmir Bank Limited 3,500 3,483.43 3.95 P1+3 UCO Bank Limited 2,500 2,466.43 2.80 P1+4 Kotak Mahindra Bank Limited 2,500 2,443.06 2.77 P1+5 ING Vysya Bank Limited 2,500 2,373.02 2.69 P1+6 ICICI Bank Limited 2,000 1,950.33 2.21 P1+7 ICICI Bank Limited 1,500 1,443.43 1.64 A1+8 Yes Bank Limited 1,000 996.30 1.13 A1+9 Kotak Mahindra Bank Limited 1,000 994.50 1.13 P1+
10 Federal Bank Limited 1,000 946.24 1.07 P1+11 ICICI Bank Limited 500 481.56 0.55 P1+12 Kotak Mahindra Bank Limited 500 481.31 0.55 P1+
Total 21,850.95 24.80Total Money Market Instruments 28,181.68 31.98
Issued by HSBC Asset Management (India) Private Limited
HSBC Investments
* Considering Movement of NAV during the half–year and after adjustment of dividend,etc. Returns for all Funds indicate absolute returns except for HSBC Cash Fund which has been annualised.** Returns since launch of Scheme/Plan represents absolute return for the Plans which are in existence for less than 1 year. Returns during the half–year are calculated based on NAV as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes.@ Indicates less than 0.01# Indicates annualised for the period$ Indicates schemes / plans launched during the current half–year and hence opening Unit Capital, Net Assets and NAV Per unit for the period are not available.! Indicates there are no investors in the Option~ w.e.f. from 3rd June, 2005 Non–corporate investors have been allowed to invest in the institutional Option’s. Accordingly the Dividend rate is the rate declared subsequent to first non–corporate investment in the Sub Option.
Schemes performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio.
Notes to the accounts1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.2. Details of amounts paid to associates in terms of Regulation 25 (8)
HSBC MUTUAL FUNDHSBC MUTUAL FUNDHSBC MUTUAL FUNDHSBC MUTUAL FUNDHSBC MUTUAL FUNDUnaudited Half – Yearly Financial Results for the period ended 30 September 2005. Unaudited Half – Yearly Financial Results for the period ended 30 September 2005. Unaudited Half – Yearly Financial Results for the period ended 30 September 2005. Unaudited Half – Yearly Financial Results for the period ended 30 September 2005. Unaudited Half – Yearly Financial Results for the period ended 30 September 2005. As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
Name of the Payee HEF HCF HIF–IP HIF–ST HGF–ST HMIP–R HMIP–S HMEF HIOF HFRF–LT HFRF–ST TOTALHSBC Securities and Capital Markets (India) Pvt. Ltd.Brokerage 18.92 0.60 0.69 1.52 6.55 28.28The Hongkong & Shanghai Banking Corporation Ltd.Brokerage on Distribution – HSBC Ltd 148.86 48.68 5.43 4.20 0.0 @ 10.52 5.48 262.99 75.56 10.71 31.91 604.34Collection / Bank Charges 0.68 0.36 0.49 0.04 0.00 @ 2.34 2.33 0.13 0.46 0.09 0.02 6.94
Settlement Charges # 7.40
3. Details of investment in Fixed Deposits with associates in terms of Regulations 25 (8)
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is one of the banks whom HSBC Mutual Fund places money onFixed Deposits and enters into government securtities and treasury bills transactions from time to time at competitive rates.
HSBC Mutual Fund also enters into transactions in government securities, treasury bills and reverse repo at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor.
Notes@ . Indicates less than 0.01# : Charges paid by all the schemes of HSBC Mutual Fund towards settlement of Government Securities transactions through the constituent SGL account.
(Rs. in lakhs)
Sl. Particulars HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBCNo. Equity Fund India Opportunities Midcap Equity Income Fund – Income Fund – Short Cash Fund Gilt Fund MIP MIP Floating Rate Fund – Floating Rate Fund –
(HEF) Fund Fund Investment Plan Term Plan (HCF) Short Term Plan Regular Plan Savings Plan Long Term Plan Short Term Plan(HIOF) (HMEF) (HIF–IP) (HIF–ST) (HGF–ST) (HMIP–R) (HMIP–S) (HFRF–LT) (HFRF–ST)
1.1 Unit Capital at the beginning of the half–year period (March 31, 05) 645.42 368.86 N.A. 63.51 50.93 2,172.25 0.92 167.61 139.29 639.65 877.13(Rs. in crores)
1.2 Unit Capital at the end of the period (September 30, 2005) (Rs. in crores) 414.80 247.22 283.78 40.58 251.36 2,650.49 0.48 86.22 91.79 1,015.01 1,043.92
3.1 Total Net Assets at the beginning of the half–year period (Rs. in crores) 1,574.78 452.06 N.A. 69.72 53.93 2,248.88 0.94 172.59 144.68 648.23 881.233.2 Total Net Assets at the end of the period (Rs. in crores) 1,268.31 410.65 398.13 45.31 276.01 2,760.25 0.50 91.80 101.81 1,041.20 1,056.45
(other than inter scheme transfer / sale)[Rs. in crores]5.4 Profit / (Loss) on inter–scheme transfer/sale of investment (Rs. in crores) – – – (0.14) (0.02) – – (1.91) (0.58) 0.01 0.025.5 Other Income (Rs. in crores) – – – 0.01 0.01 0.00 @ – – – – 0.00 @5.6 Total Income (5.1 to 5.5 ) [Rs. in crores] 296.44 99.91 42.35 1.71 4.43 78.73 0.02 4.66 7.00 29.84 32.81
Expenses6.1 Management Fees (Rs. in crores) 6.73 2.15 1.58 0.20 0.37 3.59 0.00 @ 0.73 0.65 1.54 1.676.2 Trustee Fees (Rs. in crores) – – – – – – – – – – –6.3 Total Recurring Expenses (including 6.1 and 6.2) [Rs. in crores] 13.60 4.67 3.25 0.48 0.70 6.78 0.00 @ 1.28 1.12 3.40 3.416.4 Percentage of Management Fees to daily average net assets (Regular Option) [%] # 0.97% 1.06% 1.08% 0.75% 0.54% 0.35% 0.37% 1.11% 1.13% 0.38% 0.38%
Percentage of Management Fees to daily average net assets N.A. N.A. N.A. 0.55% 0.43% 0.34% N.A. N.A. N.A. 0.30% 0.27%(Institutional Option) [%] #Percentage of Management Fees to daily average net assets N.A. N.A. N.A. N.A. N.A. 0.22% N.A. N.A. N.A. N.A. N.A.(Institutional Plus Option) [%] #
6.5 Total Recurring expenses as a percentage of daily average net assets 1.97% 2.30% 2.22% 1.75% 1.10% 0.70% 1.00% 1.96% 1.95% 0.85% 0.75%(Regular Option) [%] #Total Recurring expenses as a percentage of daily average net assets N.A. N.A. N.A. 1.11% 0.79% 0.60% N.A. N.A. N.A. 0.65% 0.55%(Institutional Option) [%] #Total Recurring expenses as a percentage of daily average net assets N.A. N.A. N.A. N.A. N.A. 0.40% N.A. N.A. N.A. N.A. N.A.(Institutional Plus Option) [%] #
(I) Last 1 year 55.01% 57.53% N.A. 4.57% 5.22% 5.05% 3.61% 8.64% 12.62% N.A. N.A.(ii) Last 3 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.(iii) Last 5 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.(iv) Since launch of the scheme 73.73% 42.40% 40.29% ** 5.58% 5.30% 5.06% 2.59% 6.77% 9.66% 4.76% 5.41%
7.3 Compounded Annualised yield for Benchmark Index(I) Last 6 months 26.56% 28.78% N.A. 2.73% 2.66% 4.68% 2.45% 6.30% 6.30% 2.33% 4.68%(ii) Last 1 year 49.75% 54.68% N.A. 4.83% 4.94% 4.61% 4.85% 10.46% 10.46% N.A. N.A.(iii) Last 3 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.(iv) Last 5 years N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.(v) Since launch of the scheme 45.24% 32.15% 29.24% ** 4.73% 4.52% 4.41% 4.20% 5.90% 5.90% 4.13% 4.75%Date of Allotment 10–Dec–02 24–Feb–04 19–May–05 10–Dec–02 10–Dec–02 4–Dec–02 5–Dec–03 24–Feb–04 24–Feb–04 16–Nov–04 16–Nov–04
7.4 Benchmark Index BSE 200 BSE 500 BSE Midcap Crisil Composite Crisil Short Term Crisil Liquid I–Sec–SI–Bex Crisil MIP Crisil MIP Crisil Liquid Fund Crisil Liquid Fund Bond Fund Index Bond Fund Index Fund Index Blended Index Blended Index Index Index
8 Provision for Doubtful Income/ Debts (Rs. in crores) – – – – – – – – – – –
9 Payment to associate / group companies (Rs. in crores) – – – – – – – – – – –{Refer to Notes to account – note 2}
10 Investment made in associate / group companies (Rs. in crores) – – – – – – – – – – –{Refer to Notes to account – note 3}
Issued by HSBC Asset Management (India) Private Limited
HSBC Investments
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during September 30, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the September 30, 2005 Value)
Company/Subsidiary (Rs. in Lakhs) (Rs. in Lakhs)
4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during September 30, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the September 30, 2005 Value)
Company/Subsidiary (Rs. in Lakhs) (Rs. in Lakhs)
Company Name Schemes Investment made Aggregate cost of Outstanding as atinvested by schemes of acquisition during September 30, 2005in by the HSBC Mutual the period ended (At Market/FairCompany Fund in the September 30, 2005 Value)
Company/Subsidiary (Rs. in Lakhs) (Rs. in Lakhs)
HEF – HSBC Equity FundHIOF – HSBC India Opportunities FundHIF – HSBC Income FundHCF – HSBC Cash FundHGF – HSBC Gilt FundHMIP – HSBC MIPHFRF – HSBC Floating Rate FundHIIF – HSBC Institutional Income FundHMEF – HSBC Midcap Equity Fund
The above investments comprise equity shares, debentures / bonds, commercial paper, fixed deposits and other debt instruments.These investments have been made on account of their high credit quality and competitive yield for the investment in fixedincome/ money market instruments and in case of equity shares because of attractive valuations of these companies.
HSBC MUTUAL FUND HALHSBC MUTUAL FUND HALHSBC MUTUAL FUND HALHSBC MUTUAL FUND HALHSBC MUTUAL FUND HALFFFFF––––– YEARLY PORTFOLIO DISCLOSURESYEARLY PORTFOLIO DISCLOSURESYEARLY PORTFOLIO DISCLOSURESYEARLY PORTFOLIO DISCLOSURESYEARLY PORTFOLIO DISCLOSURES
** Securities are classified as thinly traded/non traded on the date of valuation in accordance with SEBI Regulations andGuidelines.
5. Details of investors holding units in the scheme over 25% of the NAV as on 30 September 2005 is Nil.6. No bonus was declared during the reporting period.7. Deferred Revenue Expenditure
Deferred Revenue Expenditure (DRE) includes all expenses incurred in relation to the initial issue of units of the relevant scheme. Such DRE iswritten off equally over a period of five years.
8. During the reporting period, no borrowing was carried out by HSBC Mutual Fund9. Details of Schemes which have outstanding Derivative (OIS) position as on September 30, 2005:
The above results have been compiled for all schemes plans which existed during the half–year ended 30 September 2005. During the period there have been no investment in foreign securities.
The above unaudited financial results have been approved by the Directors of HSBC Asset Management (India) Private Limited and Board of Trustees of HSBC Mutual Fund.
Mumbai For and on behalf of the Board of Directors of For and on behalf of the Board of Trustees ofHSBC Asset Management (India) Private Limited HSBC Mutual Fund
Niall S. K. Booker Sanjay Prakash N.P. Gidwani Mehli MistriChairman Chief Executive Officer Trustee Trustee
HSBC MUTUAL FUND – HSBC Monthly Income Plan SavingsHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
HSBC MUTUAL FUND – HSBC Monthly Income Plan RegularHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
HSBC MUTUAL FUND – HSBC EQUITY FUNDHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 499.76 4.91aii) Non Traded / Thinly Traded**
1 Associated Cements Company Limited 50 538.71 5.29 LAA+2 Canara Bank Limited 100 524.22 5.15 AAA3 Ultratech Cement Limited 5 515.27 5.06 AA+4 Mahindra & Mahindra Financial Services Limited 50 501.86 4.93 AA+5 Housing Development Finance Corporation Limited 50 499.82 4.91 AAA6 Industrial Development Bank of India Limited 50 497.82 4.89 AA+7 Citi Financial Consumer Finance India Limited 50 495.45 4.87 AAA8 Mahavir Spinning Mills Limited 2 152.59 1.50 AA–9 Indian Railway Finance Corporation Limited 5 50.42 0.50 AAA
Total 3776.17 37.09b) Privately Placed / Unlisted**
Total – –3 Securitised Debt (Unlisted)a) Traded
Total – –Total – –
b) Non Traded / Thinly traded**1 Indian Retail ABS Trust Series X–A3 (ICICI Bank) PTC 20 978.19 9.61 AAA(SO)2 NTPC Loan Securitization Trust Series– XII (ICICI Bank) PTC 10 593.97 5.83 AAA(SO)3 Indian Retail ABS Trust Series XIV–A3 (ICICI Bank) PTC 5 230.98 2.27 AAA(SO)
Total 1803.13 17.714 Government Securities1 12.00% Government of India Security 2008 500,000 566.75 5.57 Sovereign2 7.55% Government of India Security 2010 250,000 258.75 2.54 Sovereign
Total 825.50 8.115 Reverse Repos 356.46 3.506 Net Receivable / (Payable) 895.70 8.80
Net Assets as on 30 September 2005 10,181.07 100.00
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 1216.85 13.262 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal – –
aii) Non Traded / Thinly Traded**1 Canara Bank Limited 100 524.22 5.71 AAA2 Mahindra & Mahindra Financial Services Limited 50 501.86 5.47 AA+3 Housing Development Finance Corporation Limited 50 499.82 5.44 AAA4 Power Finance Corporation Limited 50 499.00 5.44 AAA5 Infrastructure Development Finance Company Limited 5 486.24 5.30 AAA6 Ultratech Cement Limited 50 480.58 5.24 AA+7 Indian Railway Finance Corporation Limited 5 50.51 0.55 AAA8 Indian Railway Finance Corporation Limited 5 50.29 0.55 AAA9 Indian Railway Finance Corporation Limited 5 49.97 0.54 AAA
Total 3142.50 34.23b) Privately Placed / Unlisted**
Total – –3 Securitised Debt (Unlisted)a) Traded
Total – –b) Non Traded / Thinly traded**1 GACL Loan Receivable Trust II (Citi Bank) PTC 10 925.51 10.08 AAA(SO)2 Indian Retail ABS Trust Series X A3 (ICICI Bank) PTC 15 733.64 7.99 AAA(SO)3 Fleet Trust August I 2003 – Series A3(CFIL)PTC 7 446.33 4.86 AAA(SO)4 TVSFSL Trust Sept2004 Series A2 (TVS Finance) PTC 5 237.92 2.59 AAA(FSO)5 Indian Retail ABS Trust Series XIV–A3 (ICICI Bank) PTC 5 230.98 2.52 AAA(SO)
Total 2574.37 28.044 Government Securities1 12.00% Government of India Security 2008 500,000 566.75 6.17 Sovereign2 10.25% Government of India Security 2021 250,000 313.75 3.42 Sovereign3 7.55% Government of India Security 2010 250,000 258.75 2.82 Sovereign
Total 1139.25 12.415 Reverse Repos 865.10 9.426 Net Receivable / (Payable) 241.78 2.64
Net Assets as on 30 September 2005 9,179.85 100.00
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
AUTO ANCILLARIES1 Amtek Auto Limited 1,987,257 5,380.50 4.242 Apollo Tyres Limited 256,423 751.06 0.59
BANKS1 State Bank of India 910,466 8,541.99 6.732 Punjab National Bank Limited 637,830 2,874.06 2.273 Bank of India 2,305,709 2,833.72 2.234 Canara Bank Limited 1,063,755 2,466.85 1.945 Oriental Bank of Commerce 289,904 793.47 0.636 Allahabad Bank Limited 733,800 674.73 0.537 Bank of Baroda 185,457 461.79 0.368 Centurion Bank Limited 1,663,300 331.00 0.269 Indian Overseas Bank 31,949 29.87 0.02
CONSUMER NON DURABLE1 Balrampur Chini Mills Limited 790,469 699.17 0.552 Bata India Limited 24,206 34.75 0.033 Dwarikesh Sugar Industries Limited 1,886 3.97 0.00 *
FERROUS METALS1 Jindal Steel & Power Limited 524,500 7,591.61 5.992 Tata Steel Limited 1,123,000 4,755.91 3.753 Jindal Vijayanagar Steel Limited 1,280,000 3,712.00 2.934 Mahindra Ugine Steel Company Limited 1,105,000 1,281.80 1.015 Steel Authority of India Limited 369,916 240.82 0.196 Usha Martin Limited 61,000 116.45 0.09
FINANCE1 Infrastructure Development Finance Company Limited 1,823,869 1,294.04 1.022 Jindal South West Holdings Limited 356,815 710.24 0.563 Birla Global Finance Limited 100,000 196.50 0.15
AUTO ANCILLARIES1 Asahi India Glass Limited 243,554 187.41 0.46
BANKS1 State Bank of India 99,200 930.69 2.272 Punjab National Bank Limited 141,075 635.68 1.553 Bank of India 495,163 608.56 1.484 Corporation Bank 133,824 568.62 1.385 Canara Bank Limited 241,000 558.88 1.366 Industrial Development Bank of India Limited 405,000 498.96 1.227 Allahabad Bank Limited 459,919 422.90 1.038 Andhra Bank Limited 290,659 301.85 0.74
Total 1,875.68 41.40b) Privately Placed / Unlisted**
Total – –2 Securitised Debt (Unlisted)
ai) TradedTotal – –
aii) Non Traded / Thinly Traded**1 India MBS 2002 Series I– ID(LICHFL) PTC 5 132.18 2.92 AAA(SO)
Total 132.18 2.923 Government Securities1 12.00% Government of India Security 2008 500,000 566.75 12.51 Sovereign2 7.55% Government of India Security 2010 500,000 517.50 11.42 Sovereign3 10.25% Government of India Security 2021 250,000 313.75 6.92 Sovereign4 5.59% Government of India Security 2016 400 0.35 0.01 Sovereign
Total 1,398.35 30.864 Reverse Repos 966.36 21.335 Net Receivable / (Payable) 158.33 3.49
Net Assets as on 30 September 2005 4,530.90 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulationsand Guidelines.
HSBC MUTUAL FUND – HSBC INCOME FUND SHORT TERM PLANHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
b) Non Traded / Thinly Traded**1 UBL Trust Series 16 (SCILL) PTC 50 5,012.58 4.81 AA(SO)2 Mumbai Auto Sec. Trust 2005 Series V – A1 (SCB) PTC 40 2,704.51 2.60 AAA(SO)3 Fleet Trust June 2005 Series A2 (CFIL) PTC 25 2,577.97 2.48 AAA(SO)4 BHPC Auto Securitisation Trust May 05 II Series – III 25 2,526.56 2.43 AAA(SO)
(Tata Motors) PTC5 BHPC Auto Securitisation Trust May 05 II Series – A1 25 2,226.87 2.14 AAA(SO)
(Tata Motors) PTC6 Indian Infrast. Eq . Recbls. Trust Series A1 (SREI) PTC 25 2,078.71 2.00 AAA(Ind)(SO)7 Indian Retail ABS Trust –Series – XIII – A3 (ICICI Bank) PTC 20 1,986.29 1.91 AAA(SO)8 BHPC Auto Securitisation Trust Series – A2 (Tata Motors) PTC 20 1,530.83 1.47 MAAA(SO)9 IGHCC2 Loan Trust Series I (GE Capital) PTC 15 1,500.00 1.44 AA+(SO)
10 Indian Retail ABS Trust Series – XXXIII – A1 (ICICI Bank) PTC 15 957.37 0.92 AAA(SO)11 Indian Retail ABS Trust Series – XXXVII – A1 (ICICI Bank) PTC 10 940.02 0.90 AAA(SO)12 Fleet Trust Apr04 Series VII – A7 (CFIL) PTC 10 633.70 0.61 AAA (Ind)(SO)13 Fleet Trust Jan 04 Series A5 (CFIL) PTC 10 516.80 0.50 AAA(SO)14 Asset Securitisation Trust Dec 2004 Series IV – A2 (Chola) PTC 10 410.91 0.39 AAA(SO)15 Indian Retail ABS Trust–Series XI – A2 (ICICI Bank) PTC 15 172.03 0.17 AAA(SO)16 Indian Retail ABS Trust Series IV (ICICI Bank) PTC 15 90.81 0.09 MAAA(SO)
Total 8,331.54 8.00b) Certificate of Deposit1 State Bank of Patiala 5,000 4,740.09 4.55 A1+2 UTI Bank Limited 2,500 2,499.23 2.40 A1+3 Kotak Mahindra Bank Limited 2,500 2,484.44 2.39 P1+4 ING Vysya Bank Limited 2,500 2,369.00 2.28 P1+5 Kotak Mahindra Bank Limited 2,500 2,367.52 2.27 P1+6 State Bank of Travancore 2,500 2,367.29 2.27 P1+7 Federal Bank Limited 2,500 2,366.89 2.27 P1+8 The Jammu & Kashmir Bank Limited 2,000 1,955.86 1.88 P1+9 ICICI Bank Limited 1,500 1,485.86 1.43 A1+
10 Kotak Mahindra Bank Limited 1,000 990.77 0.95 P1+11 UCO Bank Limited 1,000 974.30 0.94 P1+12 UTI Bank Limited 1,000 960.91 0.92 A1+13 Allahabad Bank Limited 1,000 948.28 0.91 P1+14 ICICI Bank Limited 500 495.77 0.48 P1+15 UCO Bank Limited 500 483.38 0.46 P1+
Total 27,489.58 26.40Total Money Market Instruments 35,821.12 34.40
b) Non Traded / Thinly Traded**1 Indian Retail ABS Trust Series 44 – A1 (ICICI Bank) PTC 90 8,890.02 3.22 AAA(SO)2 Retail Trust Feb 2005 Series A4 (HDFC Bank) PTC 100 6,273.41 2.27 LAAA(SO)3 Indian Retail ABS Trust Series – XXXIII – A1 (ICICI Bank) PTC 75 4,786.86 1.73 AAA(SO)4 Fleet Trust June 2005 Series A1(CFIL) PTC 40 3,674.37 1.33 AAA(SO)5 SAI Trust Series A (ICICI Brokerage services) PTC 250 2,498.87 0.91 P1+(SO)6 Retail Trust Dec 2004 Series A3 (HDFC Bank) PTC 30 2,424.93 0.88 AAA(SO)7 Asset Securitisation Trust Dec 04 IV Series A5 (Chola) PTC 10 660.37 0.24 AAA(SO)8 Indian Retail ABS Trust Series–XVIII A4 (ICICI Bank) PTC 30 650.93 0.24 AAA(SO)9 TVSFSL Trust Sept 2004 Series A1 (TVS Finance) PTC 25 613.55 0.22 AAA(FSO)
10 Indian Retail ABS Trust Series – XXIV – A1 (ICICI Bank) PTC 20 438.43 0.16 MAAA(SO)11 UBL Trust Series 2 (ALFL) PTC 15 104.13 0.04 AAA(SO)12 PFSL Citi Dec 2002 Series A2 PTC 5 88.37 0.03 AAA(SO)13 HDFC Bank Retail Series I PTC 10 68.33 0.02 AAA(SO)14 PFSL TELCO Series A2 PTC 10 4.96 0.00 MAAA(SO)
Total 31,177.53 11.304 Money Market Instruments
a) Commercial Papers1 Reliance Energy Limited 1,100 5,369.42 1.95 IND F1+2 Housing Development Finance Corporation Limited 1,000 4,971.23 1.80 A1+3 Power Finance Corporation Limited 1,000 4,882.55 1.77 P1+4 Housing Development Finance Corporation Limited 900 4,482.29 1.62 A1+5 L&T Finance Limited 600 2,976.11 1.08 PR1+6 Ballarpur Industries Limited 600 2,922.64 1.06 IND F1+7 Standard Chartered Investments & Loans Limited 600 2,916.61 1.06 P1+8 Rabo India Finance Pvt Limited 500 2,477.45 0.90 P1+9 Power Finance Corporation Limited 500 2,477.25 0.90 P1+
10 HCL Infosystems Limited 500 2,470.53 0.90 A1+11 Infrastructure Leasing & Financial Services Limited 500 2,462.37 0.89 IND F1+12 United Phosphorus Limited 500 2,435.90 0.88 PR1+13 Cholamandalam Investment & Finance Company Limited 400 1,990.56 0.72 P1+14 Simplex Concrete Piles (India) Limited 400 1,981.41 0.72 PR1+15 Infrastructure Leasing & Financial Services Limited 400 1,959.72 0.71 IND F1+16 Kotak Mahindra Primus Limited 300 1,497.88 0.54 P1+17 GE Countrywide Consumer Financial Services Limited 300 1,494.20 0.54 P1+18 IDBI Home Finance Limited 200 995.40 0.36 A1+19 Rabo India Finance Pvt Limited 200 994.14 0.36 P1+20 Jagran Prakashan Limited 200 992.93 0.36 P1+21 Jindal Steel & Power Limited 200 992.34 0.36 A1+22 Exim Bank 200 990.17 0.36 P1+23 United Phosphorus Limited 200 989.33 0.36 PR1+24 Jindal Steel & Power Limited 200 988.30 0.36 A1+25 Hindustan Construction Company Limited 200 987.65 0.36 PR1+
Total 57,698.38 20.90b) Certificate of Deposit1 Allahabad Bank Limited 5,000 4,887.05 1.77 P1+2 HDFC Bank Limited 5,000 4,739.63 1.72 PR1+3 Federal Bank Limited 5,000 4,733.78 1.71 P1+4 HDFC Bank Limited 4,000 3,898.57 1.41 PR1+5 The Jammu & Kashmir Bank Limited 3,500 3,357.19 1.22 P1+6 Federal Bank Limited 3,500 3,332.07 1.21 P1+7 ICICI Bank Limited 3,000 2,911.92 1.05 A1+8 UCO Bank Limited 3,000 2,899.81 1.05 P1+9 Kotak Mahindra Bank Limited 2,500 2,500.00 0.91 P1+
10 Kotak Mahindra Bank Limited 2,500 2,500.00 0.91 P1+11 The Jammu & Kashmir Bank Limited 2,500 2,488.72 0.90 P1+12 ICICI Bank Limited 2,500 2,485.09 0.90 P1+13 Allahabad Bank Limited 2,500 2,436.00 0.88 P1+14 Industrial Development Bank of India Limited 2,500 2,387.02 0.86 P1+15 ING Vysya Bank Limited 2,500 2,369.00 0.86 P1+16 State Bank of Patiala 2,500 2,361.68 0.86 A1+17 Punjab National Bank Limited 2,500 2,359.29 0.85 A1+18 The Jammu & Kashmir Bank Limited 1,500 1,443.99 0.52 P1+19 UTI Bank Limited 1,500 1,441.75 0.52 A1+20 ICICI Bank Limited 1,000 991.54 0.36 P1+21 ICICI Bank Limited 1,000 990.55 0.36 A1+22 UCO Bank Limited 1,000 975.18 0.35 P1+23 UCO Bank Limited 1,000 973.11 0.35 P1+24 State Bank of Travancore 1,000 946.92 0.34 P1+25 State Bank of Indore 1,000 943.45 0.34 P1+26 ICICI Bank Limited 500 499.18 0.18 A1+27 UTI Bank Limited 500 480.22 0.17 A1+
Total 62,332.70 22.58c) Bill ReDiscounted1 HDFC Bank Limited 150 7,426.14 2.69 Unrated
Total 7,426.14 2.69Total Money Market Instruments 127,457.22 46.18
Total – –b) Non Traded / Thinly Traded**1 Indian Retail ABS Trust Series – XXXVII – A1 (ICICI Bank) PTC 15 1,410.03 5.11 AAA(SO)2 IGHCC2 Loan Trust Series I (GE Capital) PTC 10 1,000.00 3.62 AA+(SO)3 Indian Retail ABS Trust Series 44 – A1 (ICICI Bank) PTC 10 987.78 3.58 AAA(SO)4 GECSI Loan Series I Class D (IRFC) PTC 5 513.18 1.86 AAA(SO)5 Fleet Trust August I 2003 – Series A3(CFIL)PTC 8 510.09 1.85 AAA(SO)6 NTPC Loan Securitization Trust Series XII (ICICI Bank)PTC 5 296.99 1.08 AAA(SO)7 Indian Retail ABS Trust Series XIV–A3 (ICICI Bank) PTC 5 230.98 0.84 AAA(SO)
Total 4,949.05 17.934 Money Market Instruments
a) Commercial Papers1 L&T Finance Limited 100 483.96 1.75 PR1+
Total 483.96 1.75b) Certificate of Deposit1 The Jammu & Kashmir Bank Limited 1,500 1,438.80 5.21 P1+2 UCO Bank Limited 1,000 961.82 3.48 P1+3 UTI Bank Limited 1,000 961.22 3.48 A1+
Total 3,361.84 12.18Total Money Market Instruments 3,845.80 13.93
5 Government Securities1 12.00% Government of India Security 2008 500,000 566.75 2.05 Sovereign2 6.96% Government of India Security Oil Comp Bonds 2009 500,000 503.90 1.83 Sovereign
Total 1070.65 3.886 Reverse Repos 1,899.73 6.887 Net Receivable / (Payable) 640.46 2.32
Net Assets as on 30 September 2005 27,600.78 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulationsand Guidelines.
Issued by HSBC Asset Management (India) Private Limited
HSBC Investments
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBC Mutual Fund, 52/60 Mahatma Gandhi Road, Fort, Mumbai 400 001. Tel: 022–2273 4343. Statutory Details: HSBC Mutual Fund has been set up as a trust by HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpusof Rs.1 Lakh). The Sponsor / associates of the Sponsor/ Asset Management Company (AMC) are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes. The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager. Risk Factors: All investments in mutual funds and securities aresubject to market risks and the Net Asset Value (NAV) of the Scheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of the Sponsor/AMC does not indicate the future performance of theScheme(s) of the Mutual Fund. HSBC Equity Fund (HEF), HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC Cash Fund (HCF), HSBC MIP (HMIP), HSBC India Opportunities Fund (HIOF), HSBC Floating Rate Fund (HFRF) and HSBC Midcap Equity Fund (HMEF) are the names of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects orreturns. Scheme Classification: HEF (an open–ended growth scheme) aims to generate long–term capital growth from an actively managed portfolio of equity and equity related securities. HIOF is an open–ended equity scheme seeking long–term capital growth through investments across all market capitalisations, including small, mid and large cap stocks. It aims to be predominantlyinvested in equity & equity related securities but could move a portion of its assets to fixed income securities if the fund becomes negative on equity markets. HMEF (an open–ended growth scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However, it could move a portion ofits assets towards fixed income securities if the fund manager becomes cautious or negative on the Indian equity markets. HIF (an open–ended income scheme) aims to provide a reasonable income whilst maintaining a prudent policy of capital conservation. HGF (an open–ended gilt scheme) aims to generate reasonable returns through investments in Government Securities of variousmaturities. HCF (an open–ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. HMIP (an open–ended fund, monthly income is not assured and is subject to availability of distributable surplus) seeks to generate reasonable returns through investmentsin debt and money market instruments with a secondary objective to seek capital appreciation through investments in equity and equity related instruments. HFRF (an open–ended income scheme) seeks to generate a reasonable return with commensurate risk through investments in floating rate debt instruments and fixed rate debt instruments swapped for floating rate returns. TheScheme may also invest in fixed rate money market and debt instruments. Terms of Issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale and redemption, units of the Scheme(s) on all Business Days, at the Applicable NAV. Load Structure: HEF, HIOF and HMEF – Entry Load– For investments below Rs Five crores – 2.25%. For investments of Rs Five crores and above – Nil. Exit Load – Nil. HMIP – Entry Load – Nil. Exit Load – For Investments below Rs 10 Lakhs – 0.50% if redeemed within 180 days from date of investment. For investments of Rs 10 Lakhs and above – Nil. In case of HIF–Investment Plan– Entry Load– Nil. Exit Load– For investments belowRs 10 Lakhs in Regular Option – 0.5% if redeemed within 180 days from the date of investment, otherwise nil. For investments of Rs. 10 Lakhs and above in Regular Option– Nil. No Load will be charged in case of Institutional Option of HIF. No Entry Load shall be applicable in case of investments in HFRF. Exit Load of 0.50% shall be charged in case of each investment below Rs10 Lakhs, if redeemed before completion of six months from the date of investment in HFRF–Long Term Plan– Regular Option. HIF – Investment Plan and HFRF. For load in case of SIP/STP/dividend re–investments and in case of investments by Fund–of–Funds scheme, contact the nearest Investor Service Centre. The entry / exit loads set forth above are subject to change atthe discretion of the AMC and such changes shall be implemented prospectively. Mutual fund investments are subject to market risks. Please read the offer document carefully before investing.
HSBC Income Fund – Investment 17–Jun–05 0.13155000 1.32% 0.12251000 1.23%Plan – Regular Option – Dividend 16–Sep–05 0.08770000 0.88% 0.08167000 0.82%
HSBC Income Fund – Short Term 29–Apr–05 0.02631000 0.26% 0.02450000 0.25%Plan – Regular Option – Dividend 27–May–05 0.00877000 0.09% 0.00817000 0.08%
HSBC Floating Rate Fund – For April 05 * – – 0.04453780 0.45%Long Term Plan – Institutional For May 05 * – – 0.03743612 0.37%Option – Weekly Dividend For June 05 * 0.03819505 ~ 0.38% 0.03557000 0.36%
For July 05 * 0.04683508 ~ 0.47% 0.04361622 0.44%For August 05 * 0.03906352 ~ 0.39% 0.03637878 0.36%
For September 05 * 0.04451545 ~ 0.45% 0.04145599 0.41%
HSBC Floating Rate Fund – 29–Apr–05 – – 0.03267000 0.33%Long Term Plan – Institutional 27–May–05 – – 0.04084000 0.41%Option –Monthly Dividend 24–Jun–05 – – 0.03267000 0.33%
HSBC Floating Rate Fund – For April 05 * 0.03617153 0.36% 0.03368555 0.34%Short Term Plan – Regular For May 05 * 0.04068188 0.41% 0.03788591 0.38%Option – Daily Dividend For June 05 * 0.03678978 0.37% 0.03426129 0.34%
For July 05 * 0.03866852 0.39% 0.03601091 0.36%For August 05 * 0.03970056 0.40% 0.03697205 0.37%
For September 05 * 0.03676044 0.37% 0.03423395 0.34%
HSBC Floating Rate Fund – For April 05 * 0.00541580 0.05% 0.00504359 0.05%Short Term Plan – Regular For May 05 * 0.03909126 0.39% 0.03640462 0.36%Option – Weekly Dividend For June 05 * 0.03436007 0.34% 0.03199859 0.32%
For July 05 * 0.04447620 0.44% 0.04141946 0.41%For August 05 * 0.03589184 0.36% 0.03342508 0.33%
For September 05 * 0.03446610 0.34% 0.03209735 0.32%
HSBC Floating Rate Fund – For April 05 * 0.03761125 0.38% 0.03502629 0.35%Short Term Plan – Institutional For May 05 * 0.04220042 0.42% 0.03930009 0.39%Option – Daily Dividend For June 05 * 0.03822984 ~ 0.38% 0.03560237 0.36%
For July 05 * 0.04016834 ~ 0.40% 0.03740767 0.37%For August 05 * 0.04114604 ~ 0.41% 0.03831819 0.38%
For September 05 * 0.03830497 ~ 0.38% 0.03567236 0.36%
HSBC Floating Rate Fund – For April 05 * – – 0.04325158 0.43%Short Term Plan – Institutional For May 05 * 0.00929321 0.09% 0.03464786 0.35%Option – Weekly Dividend For June 05 * 0.03552521 ~ 0.36% 0.03308365 0.33%
For July 05 * 0.04540551 ~ 0.45% 0.04228491 0.42%For August 05 * 0.03739047 ~ 0.37% 0.03482072 0.35%
For September 05 * 0.03564701 ~ 0.36% 0.03319707 0.33%
HSBC Floating Rate Fund – 29–Apr–05 – – 0.03267000 0.33%Short Term Plan – Institutional 27–May–05 – – 0.04084000 0.41%Option – Monthly Dividend 24–Jun–05 – – 0.03267000 0.33%
3. Total investments in foreign securities / ADR's / GDR's at the end of the period is NIL.4. Past performance may or may not be sustained in future.5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund
in terms of number of months.6. The portfolio turnover for HSBC Equity Fund, HSBC India Opportunities Fund, HSBC Midcap Equity Fund, HSBC MIP Regular (Equity
Portion) and HSBC MIP Savings (Equity Portion) is the lower of purchases & sales to the average net assets during thehalf– year ended September 30, 2005.
Notes:1. The provision made for Non Performing Assets as of September 30,2005 is Rs. NIL and its percentage to Net Asset Value is NIL.2. Details of Schemes which have outstanding Derivative (OIS) position as on September 30, 2005:
Notes:
* This represents cummulative amounts of dividends declared during the month.
~ W.E.F. 3 Jun 2005 Non–corporate investors have been allowed to invest in the Institutional Options. Accordingly theDividend rate is the rate declared subsequent to first non–corporate investment in the Sub Option
Scheme Notional value (Rs. in Crores)
HSBC Cash Fund 75
HSBC Floating Rate- Short Term Fund 25
HSBC MUTUAL FUND – HSBC Gilt Fund Short Term PlanHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
HSBC MUTUAL FUND – HSBC FLOATING RATE FUND – SHORT TERM PLANHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs. in Lakhs) NAV
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC MIDCAP EQUITY FUNDHalf Yearly Portfolio Statement for the period ended September 30, 2005
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
AUTO ANCILLARIES1 Apollo Tyres Limited 355,070 1,040.00 2.61
BANKS1 Karur Vysya Bank Limited 188,127 1,074.77 2.702 Karnataka Bank Limited 832,000 953.06 2.393 Bank of Maharashtra 2,250,000 824.63 2.074 Federal Bank Limited 182,184 342.78 0.86
Details of Portfolio Turnover Ratio and Average MaturityScheme/ Plan Name Portfolio turnover during Average
the half–year ended MaturitySeptember 30, 2005 (Months)
HSBC Equity Fund 0.53 NAHSBC Income Fund – Investment Plan NA 41.87HSBC Income Fund – Short Term Plan NA 13.72HSBC Cash Fund NA 3.55HSBC Floating Rate Fund – Long Term Plan NA 4.07HSBC Floating Rate Fund – Short Term Plan NA 3.36HSBC Gilt Fund Short Term Plan NA 0.11HSBC India Opportunities Fund 0.97 NAHSBC Midcap Equity Fund 0.55 NAHSBC MIP – Regular Plan 0.22 29.30*HSBC MIP – Savings Plan 0.40 17.89 *
CONSTRUCTION1 Hindustan Construction Company Limited 75,000 802.58 2.022 Mahindra Gesco Corporation Limited 223,200 615.36 1.55
CONSUMER DURABLES1 Blue Star Limited 18,075 72.32 0.18
Total 37,745.46 94.812 Reverse Repos 1,883.28 4.733 Net Receivable / (Payable) 184.51 0.46
Net Assets as on 30 September 2005 39,813.25 100.00
Sr. Name of the Instrument Quantity Market Value % age toNo. (Rs. in Lakhs) NAV
Scheme / Plan NAV at the beginning and at the end of the half–year ended September 30, 2005
Scheme / Plan /Option Name NAV per unit as NAV per unit ason September 30, on March 31,
2005/Date of 2005/Date ofFirst NAV * First NAV *
HSBC Equity Fund – Dividend 26.6882 22.0131HSBC Equity Fund – Growth 47.1614 36.1834HSBC Income Fund – Short Term Plan – Regular Option – Dividend 10.2950 10.1455HSBC Income Fund – Short Term Plan – Regular Option – Growth 11.5593 11.2366HSBC Income Fund – Short Term Plan – Institutional Option – Dividend 10.7747 10.6842HSBC Income Fund – Short Term Plan – Institutional Option – Growth 11.6484 11.3059HSBC Income Fund – Investment Plan – Regular Option – Dividend 10.2835 10.2739HSBC Income Fund – Investment Plan – Regular Option – Growth 11.6467 11.3575HSBC Income Fund – Investment Plan – Institutional Option – Growth 11.8271 11.4964HSBC Cash Fund – Regular Option– Dividend 10.1930 10.1930HSBC Cash Fund – Regular Option – Growth 11.4866 11.1980HSBC Cash Fund – Institutional Option – Growth 11.5033 11.2086HSBC Cash Fund – Institutional Option – Daily Dividend 10.4401 10.4401HSBC Cash Fund – Institutional Option – Weekly Dividend 10.4600 10.4596HSBC Cash Fund – Institutional Option – Monthly Dividend 10.4634 10.4631HSBC Cash Fund – Institutional Plus Option – Growth 10.6955 10.4111HSBC Cash Fund – Institutional Plus Option – Daily Dividend 10.0056 10.0056HSBC Cash Fund – Institutional Plus Option – Weekly Dividend 10.0164 10.0160HSBC Cash Fund – Institutional Plus Option – Monthly Dividend 10.0189 10.0185HSBC Cash Fund – Regular Option – Weekly Dividend (04–Apr–05)* 10.0158 –HSBC Gilt Fund – Short Term Plan – Dividend Option 10.3427 10.1563HSBC Gilt Fund – Short Term Plan – Growth Option 10.4776 10.2888HSBC India Opportunities Fund–Dividend 16.3118 12.0561HSBC India Opportunities Fund–Growth 17.6042 13.0066HSBC Floating Rate Fund – Long Term Plan – Regular Option – Dividend 10.0935 10.0299HSBC Floating Rate Fund – Long Term Plan – Regular Option – Growth 10.4926 10.2111HSBC Floating Rate Fund – Long Term Plan – Institutional Option – Growth 10.5110 10.2188HSBC Floating Rate Fund – Long Term Plan – Institutional Option – Weekly Dividend 10.0265 10.0263HSBC Floating Rate Fund – Long Term Plan – Institutional Option – Monthly Dividend 10.0888 10.0247HSBC Floating Rate Fund – Short Term Plan – Regular Option – Dividend 10.0128 10.0128HSBC Floating Rate Fund – Short Term Plan – Regular Option – Growth 10.4713 10.2020HSBC Floating Rate Fund – Short Term Plan – Institutional Option – Growth 10.4896 10.2097HSBC Floating Rate Fund – Short Term Plan – Institutional Option – Daily Dividend 10.0132 10.0132HSBC Floating Rate Fund – Short Term Plan – Institutional Option – Weekly Dividend 10.0233 10.0232HSBC Floating Rate Fund – Short Term Plan – Institutional Option – Monthly Dividend 10.0183 10.0339HSBC Floating Rate Fund – Short Term Plan – Regular Option – Weekly Dividend (04–Apr–05)* 10.0132 –HSBC MIP – Regular Plan–Monthly Dividend 10.4283 10.1487HSBC MIP – Regular Plan–Growth 11.1044 10.5146HSBC MIP – Regular Plan–Quarterly Dividend 10.3381 10.0972HSBC MIP – Savings Plan–Monthly Dividend 10.7082 10.1754HSBC MIP – Savings Plan–Growth 11.5896 10.6669HSBC MIP – Savings Plan–Quarterly Dividend 10.5956 10.1766HSBC Midcap Equity Fund–Dividend (23–May–05)* 14.0294 –HSBC Midcap Equity Fund–Growth (23–May–05)* 14.0294 –
* Dates of first Nav of options commenced during the period are indicated in brackets in the table above
* Indicates average maturity for the Debt portion of the portfolio
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal – –
aii) Non Traded / Thinly Traded**1 Housing Development Finance Corporation Limited 150 1,498.02 1.42 AAA2 Citi Financial Consumer Finance India Limited 100 999.24 0.95 AAA
Total 2,497.25 2.36b) Privately Placed / Unlisted**1 Canbank Factors Limited 250 2,500.00 2.37 P1+2 Shriram Transport Finance Company Limited 15 1,500.25 1.42 IND F1+3 Birla Global Finance Limited 1,500,000 1,500.00 1.42 A1+4 Dewan Housing Finance Corporation Limited 150 1,500.00 1.42 P1+5 Kotak Mahindra Investment Limited 100 1,000.83 0.95 A1+6 Triveni Engineering & Industries Limited 10 1,000.00 0.95 A1+7 Birla Global Finance Limited 500,000 500.00 0.47 A1+8 Birla Global Finance Limited 500,000 500.00 0.47 A1+9 Essel Propack Limited 5 500.00 0.47 Unrated
10 GE Countrywide Consumer Financial Services Limited 10 1,000.00 0.95 AAA11 Sundaram Finance Limited 100 1,000.00 0.95 P1+12 Housing Urban Development Corporation 50 500.80 0.47 IND F1+
Total 20,009.04 18.943 Securitised Debt (Unlisted)a) Traded
Total – –b) Non Traded / Thinly Traded**1 Retail Trust Feb 2005 Series A6 (HDFC Bank) PTC 50 3,858.94 3.65 AAA(SO)2 HMT Trust (Tranch II) (ABN Amro Bank) PTC 25 2,499.56 2.37 A1+(SO)3 SAI Trust Series A (ICICI Brokerage services) PTC 250 2,498.87 2.37 P1+(SO)4 UMT Trust (Tranche 2) (Usha Martin) PTC 25 2,484.10 2.35 A1+(SO)5 Fleet Trust June 2005 Series A1(CFIL) PTC 25 2,296.48 2.17 AAA(SO)6 Retail Trust Dec 2004 Series A3 (HDFC Bank) PTC 20 1,616.62 1.53 AAA(SO)7 Indian Retail ABS Trust Series – XXXIII – A1 (ICICI Bank) PTC 10 638.25 0.60 AAA(SO)8 Indian Retail ABS Trust Series – XXIV – A1 (ICICI Bank) PTC 10 219.22 0.21 MAAA(SO)9 PFSL Nov 2003 Series A2 (Chola) PTC 5 139.19 0.13 MAAA(SO)
Total 16,251.22 15.384 Money Market Instrumentsa) Commercial Papers1 GE Countrywide Consumer Financial Services Limited 500 2,475.24 2.34 P1+2 Citicorp Finance(India) Limited 500 2,471.62 2.34 P1+3 Hindustan Construction Company Limited 300 1,470.93 1.39 PR1+4 Gammon India Limited 200 998.42 0.95 P1+
Total 7,416.21 7.02b) Certificate of Deposit1 HDFC Bank Limited 5,000 4,873.19 4.61 PR1+2 UCO Bank Limited 3,000 2,918.02 2.76 P1+3 ICICI Bank Limited 2,000 1,996.78 1.89 A1+4 The Jammu & Kashmir Bank Limited 1,500 1,467.59 1.39 P1+5 Federal Bank Limited 1,500 1,428.03 1.35 P1+6 The Jammu & Kashmir Bank Limited 1,500 1,427.09 1.35 P1+7 Allahabad Bank Limited 1,500 1,422.42 1.35 P1+8 The Jammu & Kashmir Bank Limited 1,000 995.49 0.94 P1+9 UCO Bank Limited 1,000 961.82 0.91 P1+
10 Industrial Development Bank of India Limited 1,000 954.40 0.90 P1+11 Kotak Mahindra Bank Limited 500 495.39 0.47 P1+12 UTI Bank Limited 500 480.61 0.45 A1+
Total 19,420.82 18.38Total Money Market Instruments 26,837.03 25.40
Net Assets as on 30 September 2005 105,645.14 100.00
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
HSBC MUTUAL FUND
Unaudited Half - Yearly Financial Results for the period ended 31 March 2006 as per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
Sl. Particulars HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBCNo. Equity Fund India Midcap Advantage Income Fund- Income Fund- Cash Gilt Fund - MIP MIP Floating Rate Floating Rate Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed
(HEF) Opportunities Equity India Investment Short Term Fund Short Term Regular Savings Fund - Long Fund - Short Term Term Term Term Term Term Term Term TermFund Fund Fund Plan Plan (HCF) Plan Plan Plan Term Plan Term Plan Series-I Series-II Series-III Series-IV Series-V Series-VI Series-VII Series-VIII Series-13
1.1 Unit Capital at the beginning of the half 414.80 247.22 283.78 N.A. 40.58 251.36 2,650.49 0.48 86.22 91.79 1,015.01 1,043.92 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.year period (September 30, 2005) (Rs. in crores)
1.2 Unit Capital at the end of the period 362.40 233.21 282.60 1,541.92 29.18 78.70 1,862.91 0.46 58.23 76.90 349.98 407.48 148.28 142.36 201.73 305.82 200.06 278.02 464.11 326.64 220.97(March 31, 2006) (Rs. in crores)
3.1 Total Net Assets at the beginning of the half year period 1,268.31 410.65 398.13 N.A. 45.31 276.01 2,760.25 0.50 91.80 101.81 1,041.20 1,056.45 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.(Rs. in crores)
3.2 Total Net Assets at the end of the period 1,260.56 457.64 502.40 1,741.27 32.82 88.68 1,913.04 0.49 63.02 87.78 368.57 412.33 148.92 142.87 202.02 307.12 200.98 277.79 464.59 327.31 221.11(Rs. in crores)
Bond Fund Bond Fund Fund Blended Blended Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund FundIndex Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index
8 Provision for Doubtful Income/ Debts (Rs. in crores) — — — — — — — — — — —
9 Payment to associate / group companies(Rs. in crores) {Refer to Notes to account - note 2} — — — — — — — — — — —
10 Investment made in associate / group companies(Rs. in crores) {Refer to Notes to account - note 3} — — — — — — — — — — —
* Considering Movement of NAV during the half-year and after adjustment of dividend,etc. returns for all Funds indicate absolute returns except for HSBC Cash Fund and HSBC Floating Rate Fund Short Term Plan which has been annualised.** Returns since launch of Scheme/Plan represents abosolute return for the Plans which are in existence for less than 1 year. Returns during the half year are calculated based on NAV as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes@ Indicates less than 0.01# Indicates annualised for the period$ Indicates schemes / plans launched during the current half year and hence opening Unit Capital, Net Assets and NAV Per unit for the period are not available.! Indicates there are no investors in the Option^ Weighted Average net assets are calculated from the date of Inflows^^ Weighted Average net assets are calculated from the date of Allotment.
Schemes’ performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
Notes to the accounts
1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.
2. Details of amounts paid to associates in terms of Regulation 25 (8)
(Rs. in lakhs)
Name of the Payee HEF HCF HIF-IP HIF-ST HGF-ST HMIP-R HMIP-S HMEF HIOF HFRF-LT HFRF-ST HAIF HFTS-I HFTS-II HFTS-III HFTS-IV HFTS-V HFTS-VI HFTS-VII HFTS-VIII HFTS-13 TOTAL
HSBC Securities and Capital Markets (India) Pvt. Ltd.
Notes@ . Indicates less than 0.01# : Charges paid by all the schemes of HSBC Mutual Fund towards settlment of Government Securities transactions through the constituent SGL account.
3. Details of investment in Fixed Deposits with associates in terms of Regulation 25 (8)
There is no investment in Fixed Deposits with associates in terms of regulation 25 (8) during the reporting period.
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is on the panel of the bankers with whom HSBC Mutual Fund places money on Fixed Deposits and enters into reverse repo transactions from time to time at competitive rates.
HSBC Mutual fund also enters into transactions in government securities and treasury bills at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor
4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended. Investments made by the schemes of HSBC Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme.
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31, 2006Company HSBC Mutual period ended (At Market /
Fund in the March 31, 2006 Fair Value)company/subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Hindustan Lever Chemicals HIOF 28.27 —(Subsidiary of Hindustan Lever Limited)Infrastucture DevelopmentFinance Company Limited HFRF HCF 4,891.22 2,448.98
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31, 2006Company HSBC Mutual period ended (At Market /
Fund in the March 31, 2006 Fair Value)company/subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31, 2006Company HSBC Mutual period ended (At Market /
Fund in the March 31, 2006 Fair Value)company/subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
The above investments comprise equity shares, debentrures / bonds, commercial paper, fixed deposits and other debt instruments.
These investments have been made on account of their high credit quality and competitive yield for the investment in fixed income/ moneymarket insturments and in case of equity shares because of attractive valuations of these companies.
HEF - HSBC Equity Fund HIOF - HSBC India Opportunities FundHIF - HSBC Income Fund HCF - HSBC Cash FundHGF - HSBC Gilt Fund HMIP - HSBC MIPHFRF - HSBC Floating Rate Fund HIIF - HSBC Institutional Income FundHMEF - HSBC Midcap Equity Fund HAIF-HSBC Advantage India FundHFTSI - HSBC Fixed Term Series I HFTSIII - HSBC Fixed Term Series IIIHFTSIV - HSBC Fixed Term Series IV HFTSVII - HSBC Fixed Term Series VIIHFTSVIII - HSBC Fixed Term Series VIII HFTS13 - HSBC Fixed Term Series 13
5. Details of investors holding units in the scheme over 25% of the NAV as on 31 March 2006 is Nil6. No bonus was declared during the reporting period.7. Deferred Revenue ExpenditureDeferred Revenue Expenditure (DRE) includes all expenses incurred in relation to the initial issue of units of the relevant scheme. Such DRE is written off equally over the scheme period.
(Rs. In lakhs)
Name of the Scheme Deferred Revenue Expenditure Written off during the half year Balance of Deferred Revenue Expenditure as on March 31, 2006
HSBC Midcap Equity Fund 18.87 156.94
HSBC Advantage India Fund 41.65 2,012.75
8. During the reporting period, borrowing details are as under:HSBC Floating Rate Fund Long Term Plan borrowed Rs 500,000,000 for 3 days from Standard Chartered Bank to meet redemptions. The Interest amount of Rs 345,205 was borne by HSBC Asset Management (India) Private Limited. The borrowing is below 10% of the Net Assets of thefund as on the date of borrowing.HSBC Cash Fund borrowed Rs 500,000,000 for 2 days from Standard Chartered Bank to meet redemptions. The Interest amount of Rs 246,575 was borne by HSBC Asset Management (India) Private Limited. The borrowing is below 10% of the Net Assets of the fund as on the date of borrowing.HSBC Floating Rate Fund Long Term Plan borrowed Rs 500,000,000 for 3 days from Standard Chartered Bank to meet redemptions. The Interest amount of Rs 380,137 was borne by HSBC Asset Management (India) Private Limited. The borrowing is below 10% of the Net Assets ofthe fund as on the date of borrowing.
9. Details of Schemes which have outstanding Derivative (OIS) position as on March 31, 2006: NIL
The above results have been compiled for all schemes plans which existed during the half year ended March 31, 2006
During the period there have been no investments in foreign securities
The above unaudited financial results have been approved by the Directors of HSBC Asset Management (India) Private Limited and Board ofTrustees of HSBC Mutual Fund.
For and on behlaf of the Board of Directors of For and on behalf of the Board of Trustees ofMumbai : HSBC Asset Management (India) Private Limited HSBC Mutual Fund
Sanjay Prakash N. P. Gidwani Dilip J. ThakkarDirector & Chief Executive Officer Trustee Trustee
HSBC MUTUAL FUND – HSBC CASH FUNDHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 15,253.75 7.97b) Certificate of Deposit1 Allahabad Bank Limited 5,000 4,937.26 2.58 P1+2 ICICI Bank Limited 5,000 4,900.21 2.56 A1+3 Federal Bank Limited 5,000 4,873.51 2.55 P1+4 HDFC Bank Limited 5,000 4,860.39 2.54 PR1+5 Indian Bank 4,300 4,216.96 2.20 IND F1+6 Federal Bank Limited 3,500 3,415.70 1.79 P1+7 Kotak Mahindra Bank Limited 2,500 2,500.00 1.31 P1+8 Kotak Mahindra Bank Limited 2,500 2,500.00 1.31 P1+9 Industrial Development Bank of India 2,500 2,456.26 1.28 P1+
10 Federal Bank Limited 2,500 2,448.39 1.28 P1+11 State Bank of Patiala 2,500 2,439.81 1.28 A1+12 ING Vysya Bank Limited 2,500 2,438.71 1.27 P1+13 State Bank of Patiala 2,500 2,432.39 1.27 A1+14 Jammu & Kashmir Bank Limited 2,000 1,974.87 1.03 P1+15 UCO Bank Limited 1,500 1,491.78 0.78 P1+16 Kotak Mahindra Bank Limited 1,000 998.02 0.52 P1+17 UCO Bank Limited 1,000 986.28 0.52 P1+18 State Bank of Mysore 1,000 980.89 0.51 A1+19 State Bank of Travancore 1,000 974.84 0.51 P1+20 State Bank of Bikaner And Jaipur 1,000 958.86 0.50 P1+21 ABN Amro Bank 1,000 957.68 0.50 A1+22 Jammu & Kashmir Bank Limited 500 495.26 0.26 P1+23 UTI Bank Limited 500 494.34 0.26 A1+24 Allahabad Bank Limited 500 492.16 0.26 P1+25 Kotak Mahindra Bank Limited 500 486.08 0.25 P1+26 State Bank of Saurashtra 500 460.93 0.24 A1+
Total 56,171.56 29.36Total Money Market Instruments 71,425.32 37.34
Total 21,562.69 52.29b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 100 1,002.96 2.43 AAA2 GE Countrywide Consumer Financial Services Limited 10 1,000.00 2.43 AAA
Total 2,002.96 4.863 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 SAI Trust Series A (ICICI Brokerage Services) PTC 250 2,500.12 6.06 P1+(SO)2 Fleet Trust June 2005 Series A1 (CFIL) PTC 25 1,523.24 3.69 AAA(SO)3 Retail Trust December 2004 Series A3 (HDFC Bank) PTC 20 884.84 2.15 AAA(SO)4 Indian Retail ABS Trust Series XXXIII A1 (ICICI Bank) PTC 10 303.53 0.74 AAA(SO)5 PFSL Chola November 2003 Series A2 PTC 5 22.32 0.05 MAAA(SO)
Total 5,234.05 12.694 Money Market Instruments
a) Commercial Papers1 GE Countrywide Consumer Financial Services Limited. 200 952.71 2.31 P1+
Total 952.71 2.31b) Certificate of Deposit1 Kotak Mahindra Bank Limited. 2,500 2,437.21 5.91 P1+2 Federal Bank Limited. 1,500 1,469.75 3.56 P1+3 Jammu & Kashmir Bank Limited. 1,500 1,468.69 3.56 P1+4 Allahabad Bank Limited. 1,500 1,464.69 3.55 P1+5 Industrial Development Bank of India 1,000 982.34 2.38 P1+6 Yes Bank Limited. 1,000 969.05 2.35 A1+
Total 8,791.73 21.32Total Money Market Instruments 9,744.44 23.63
aii) Non Traded / Thinly Traded**1 ICICI Bank Limited. 350 3,523.31 9.56 AAA2 Power Finance Corporation Limited. 300 2,976.74 8.08 AAA3 Industrial Development Bank of India 250 2,599.44 7.05 AA+4 UTI Bank Limited. 250 2,501.18 6.79 LAA+5 Indian Railway Finance Corporation Limited 200 2,001.92 5.43 AAA6 Finolex Industries Limited. 150 1,406.57 3.82 AA7 Housing Development Finance Corporation Limited. 100 1,012.07 2.75 LAAA8 Citicorp Finance India Limited. 100 1,009.81 2.74 AAA9 Mahindra & Mahindra Financial Services Limited 100 1,000.00 2.71 AA+
Total 18,031.04 48.92b) Privately Placed / Unlisted**
Total — —3 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 BHPC Auto Securitisation Trust May 2005 II Series A3 (Tata Motors) PTC 25 2,441.53 6.62 AAA(SO)2 Fleet Trust June 2005 Series A2 (CFIL) PTC 25 2,367.30 6.42 AAA(SO)3 Indian Retail ABS Trust Series XIII A3 (ICICI Bank) PTC 20 1,986.29 5.39 AAA(SO)4 IGHCC2 Loan Trust Series I (GE Capital) PTC 15 1,500.00 4.07 AA+(SO)5 Indian Infrast. Eqpt. Recbls. Trust May 2005 Series A1 (SREI) PTC 25 1,496.15 4.06AAA (IND)(SO)6 Mumbai Auto Recbls. Trust 2005 Series V Class A1 (SCB) PTC 40 1,317.32 3.57 AAA(SO)7 Indian Retail ABS Trust Series XXXIII A1 (ICICI Bank) PTC 15 455.30 1.24 AAA(SO)8 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 10 424.00 1.15AAA (IND)(SO)9 Fleet Trust August - I 2003 Series A3 (CFIL) PTC 8 409.65 1.11 AAA(SO)
10 Fleet Trust January 2004 Series A5 (CFIL) PTC 10 298.61 0.81 AAA(SO)11 Asset Securitisation Trust December 2004 IV Series A2 (Chola) PTC 10 141.13 0.38 AAA(SO)12 Indian Retail ABS Trust Series IV (ICICI Bank) PTC 15 2.20 0.01 MAAA(SO)
Total 12,839.47 34.844 Money Market Instruments
a) Commercial PapersTotal — —
b) Certificate of Deposit1 State Bank of Patiala 2,500 2,439.81 6.62 A1+
Total 2,439.81 6.625 Reverse Repos 416.33 1.136 Net Receivable / (Payable) 3,130.54 8.49
Net Assets as on 31 March 2006 36,857.20 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC Floating Rate Fund - Long Term PlanHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
HSBC MUTUAL FUND – HSBC Equity FundHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Equity & Equity Related Instrumentsa) Listed / Awaiting listing on Stock Exchanges
AUTO ANCILLARIES1 Amtek Auto Limited 2,133,894 6,750.57 5.36
BANKS1 Punjab National Bank Limited 681,500 3,205.78 2.542 Bank Of India 2,115,809 2,825.66 2.243 ICICI Bank Limited 476,757 2,808.34 2.234 Oriental Bank of Commerce 1,008,332 2,366.56 1.885 Centurion Bank of Punjab 6,856,803 1,834.19 1.466 Canara Bank Limited 648,841 1,734.68 1.387 Syndicate Bank Limited 333,000 299.20 0.24
Total 982.57 15.59b) Privately Placed / Unlisted**
Total — —3 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 Industrial Development Bank of India 50 500.78 7.95 AA+2 Indian Railway Finance Corporation Limited 50 499.78 7.93 AAA3 UTI Bank Limited. 20 200.09 3.18 LAA+
Total 1,200.65 19.05b) Privately Placed / Unlisted**
Total — —4 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly traded**1 GACL Loan Receivable Trust II (Citibank) PTC 10 937.22 14.87 AAA(SO)2 GECSI Loan Series I Class D (IRFC) PTC 5 497.22 7.89 AAA(SO)3 Indian Retail ABS Trust Series X A3 (ICICI Bank) PTC 15 405.27 6.43 AAA(SO)4 Fleet Trust August - I 2003 Series A3 (CFIL) PTC 7 358.44 5.69 AAA(SO)5 Indian Retail ABS Trust Series XIV A3 (ICICI Bank) PTC 5 197.63 3.14 AAA(SO)6 Fleet Trust June 2005 Series A1 (CFIL) PTC 3 182.79 2.90 AAA(SO)7 TVS Finance 2W Recbls. Securitisation Trust September 2004 Series A2 PTC 5 172.51 2.74AAA (IND)(SO)
Total 2751.09 43.655 Reverse Repos 321.20 5.106 Net Receivable / (Payable) 143.02 2.27
Net Assets as on 31 March 2006 6,302.16 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC MIP RegularHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited. 50 489.33 14.91 AAA
Total 489.33 14.91b) Privately Placed / Unlisted**
Total — —2 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 UTI Bank Limited. 30 300.14 9.14 LAA+Total 300.14 9.14
b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 20 200.77 6.12 AAA
Total 200.77 6.123 Securitised Debt (Unlisted)
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Fleet Trust June 2005 Series A1 (CFIL) PTC 2 121.86 3.71 AAA(SO)2 India MBS 2002 Series I-D (LICHFL) PTC 5 111.51 3.40 AAA(SO)
Total 233.37 7.114 Government Securities1 5.59% Govt. Stock 2016 400 0.34 0.01 Sovereign
Total 0.34 0.015 Money Market Instruments
a) Commercial PapersTotal — —
b) Certificate of Deposit1 State Bank Of Indore 500 476.66 14.52 P1+
Total 476.66 14.526 Reverse Repos 1,537.41 46.847 Net Receivable / (Payable) 44.41 1.35
Net Assets as on 31 March 2006 3,282.44 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC INCOME FUND – INVESTMENT PLANHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 1000.01 11.39b) Privately Placed / Unlisted**
Total — —3 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 Housing Development Finance Corporation Limited. 50 506.04 5.76 LAAA2 Industrial Development Bank of India 50 500.78 5.71 AA+3 UTI Bank Limited. 50 500.24 5.70 LAA+4 Indian Railway Finance Corporation Limited 50 499.78 5.69 AAA5 Rabo India Finance Private Limited 30 301.15 3.43 AAA
Total 2,307.98 26.29b) Privately Placed / Unlisted**
Total — —4 Securitised Debt (Unlisted)
a) TradedTotal — —Total — —
b) Non Traded / Thinly traded**1 Fleet Trust June 2005 Series A1 (CFIL) PTC 10 609.30 6.94 AAA(SO)2 Indian Retail ABS Trust Series X A3 (ICICI Bank) PTC 20 540.36 6.16 AAA(SO)3 NTPC Loan Securitisation Trust Series XII (ICICI Bank) PTC 10 467.88 5.33 AAA(SO)4 Indian Retail ABS Trust Series XIV A3 (ICICI Bank) PTC 5 197.63 2.25 AAA(SO)
Total 1815.16 20.685 Money Market Instruments
a) Commercial PapersTotal — —
b) Certificate of Deposit1 UCO Bank Limited. 500 497.38 5.67 P1+
Total 497.38 5.676 Reverse Repos 1,097.59 12.507 Net Receivable / (Payable) 141.89 1.62
Net Assets as on 31 March 2006 8,777.77 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**Total — —
b) Privately Placed / Unlisted**1 Canbank Factors Limited. 300 3,000.00 9.17 P1+2 GE Capital Services India 25 2,500.00 7.64 AAA3 GE Countrywide Consumer Financial Services Limited. 25 2,500.00 7.64 AAA4 Hindustan National Glass & Industries Limited 10 1,000.00 3.06 PR1+
Total 9,000.00 27.502 Money Market Instruments
a) Commercial Papers1 GE Capital Transportation Financial Services Limited. 1,000 4,903.18 14.98 P1+2 DSP Merrill Lynch Capital Limited. 500 2,451.33 7.49 P1+3 Cholamandalam Investment & Finance Co. Limited. 60 296.48 0.91 P1+
Total 7,650.99 23.38b) Certificate of Deposit1 ICICI Bank Limited. 6,000 5,884.50 17.98 A1+2 State Bank of Mysore 4,000 3,923.55 11.99 A1+3 Jammu & Kashmir Bank Limited. 3,000 2,943.29 8.99 P1+4 Jammu & Kashmir Bank Limited. 2,000 1,961.26 5.99 P1+5 Indian Bank 700 686.52 2.10 IND F1+6 ING Vysya Bank Limited. 500 491.92 1.50 P1+
Total 15,891.04 48.55Total Money Market Instruments 23,542.03 71.93
Total 515.23 2.33b) Privately Placed / Unlisted**1 GE Capital Services India 25 2,500.00 11.31 AAA2 GE Countrywide Consumer Financial Services Limited. 25 2,500.00 11.31 AAA
Total 5,000.00 22.612 Money Market Instruments
a) Commercial PapersTotal — —
b) Certificate of Deposit1 ICICI Bank Limited. 5,500 5,061.11 22.89 A1+2 State Bank of Saurashtra 4,500 4,148.38 18.76 A1+
Total 9,209.48 41.653 Reverse Repos 4,807.85 21.744 Net Receivable / (Payable) 2,578.05 11.66
Net Assets as on 31 March 2006 22,110.61 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC Fixed Term Series - 13Half Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
Scheme / Plan NAV at the beginning and at the end of the half year ended March 31, 2006
Scheme / Plan /Option Name NAV per unit as NAV per unit ason March 31, on September2006/Date of 30, 2005
First NAV *
HSBC Equity Fund - Dividend 29.0720 26.6882HSBC Equity Fund - Growth 60.9125 47.1614HSBC Income Fund - Short Term Plan - Regular Option - Dividend 10.3856 10.2950HSBC Income Fund - Short Term Plan - Regular Option - Growth 11.7985 11.5593HSBC Income Fund - Short Term Plan - Institutional Option - Dividend 10.7396 10.7747HSBC Income Fund - Short Term Plan - Institutional Option - Growth 11.9121 11.6484HSBC Income Fund - Investment Plan - Regular Option - Dividend 10.2696 10.2835HSBC Income Fund - Investment Plan - Regular Option - Growth 11.8011 11.6467HSBC Income Fund - Investment Plan - Institutional Option - Growth 12.0435 11.8271HSBC Cash Fund - Regular Option- Dividend 10.1930 10.1930HSBC Cash Fund - Regular Option - Growth 11.7970 11.4866HSBC Cash Fund - Institutional Option - Growth 11.8200 11.5033HSBC Cash Fund - Institutional Option - Daily Dividend 10.4401 10.4401HSBC Cash Fund - Institutional Option - Weekly Dividend 10.4530 10.4600HSBC Cash Fund - Institutional Option - Monthly Dividend 10.4564 10.4634HSBC Cash Fund - Institutional Plus Option - Growth 11.0065 10.6955HSBC Cash Fund - Institutional Plus Option - Daily Dividend 10.0056 10.0056HSBC Cash Fund - Institutional Plus Option - Weekly Dividend 10.0096 10.0164HSBC Cash Fund - Institutional Plus Option - Monthly Dividend 10.0120 10.0189HSBC Cash Fund - Regular Option - Weekly Dividend 10.0075 10.0158HSBC Gilt Fund - Short Term Plan - Dividend Option 10.5378 10.3427HSBC Gilt Fund - Short Term Plan - Growth Option 10.6756 10.4776HSBC India Opportunities Fund-Dividend 18.7112 16.3118HSBC India Opportunities Fund-Growth 23.0533 17.6042HSBC Advantage India Fund-Dividend(24-Feb-06)* 11.2929 NAHSBC Advantage India Fund-Growth(24-Feb-06)* 11.2929 NAHSBC Floating Rate Fund - Long Term Plan - Regular Option - Dividend 10.0578 10.0935HSBC Floating Rate Fund - Long Term Plan - Regular Option - Growth 10.7502 10.4926HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Growth 10.7797 10.5110HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Weekly Dividend 10.0198 10.0265HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend 10.0884 10.0888HSBC Floating Rate Fund - Short Term Plan - Regular Option - Dividend 10.0128 10.0128HSBC Floating Rate Fund - Short Term Plan - Regular Option - Growth 10.7486 10.4713HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Growth 10.7777 10.4896HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Daily Dividend 10.0132 10.0132HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Weekly Dividend 10.0165 10.0233HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Monthly Dividend 10.0114 10.0183HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Growth(11-Nov-05)* 10.2031 NAHSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Daily Dividend(11-Nov-05)* 10.0171 NAHSBC Floating Rate Fund - Short Term Plan - Regular Option - Weekly Dividend 10.0062 10.0132HSBC MIP - Regular Plan-Monthly Dividend 10.4332 10.4283HSBC MIP - Regular Plan-Growth 11.4821 11.1044HSBC MIP - Regular Plan-Quarterly Dividend 10.4465 10.3381HSBC MIP - Savings Plan-Monthly Dividend 10.7428 10.7082HSBC MIP - Savings Plan-Growth 12.2006 11.5896HSBC MIP - Savings Plan-Quarterly Dividend 10.8067 10.5956HSBC Midcap Equity Fund-Dividend 17.3714 14.0294HSBC Midcap Equity Fund-Growth 18.6376 14.0294HSBC Fixed Term Series - I -Dividend(06-Dec-05)* 10.0431 NAHSBC Fixed Term Series - I -Growth(06-Dec-05)* 10.0431 NAHSBC Fixed Term Series - II -Dividend(12-Jan-06)* 10.0355 NAHSBC Fixed Term Series - II -Growth(12-Jan-06)* 10.0355 NAHSBC Fixed Term Series - III -Dividend(09-Mar-06)* 10.0044 NAHSBC Fixed Term Series - III -Growth(09-Mar-06)* 10.0553 NAHSBC Fixed Term Series - IV -Dividend(30-Mar-06)* 10.0424 NAHSBC Fixed Term Series - IV -Growth(30-Mar-06)* 10.0424 NAHSBC Fixed Term Series - V -Dividend(07-Feb-06)* 10.0459 NAHSBC Fixed Term Series - V -Growth(07-Feb-06)* 10.0459 NAHSBC Fixed Term Series - VI -Dividend(21-Feb-06)* 9.9918 NAHSBC Fixed Term Series - VI -Growth(21-Feb-06)* 9.9918 NAHSBC Fixed Term Series - VII -Dividend(27-Feb-06)* 10.0041 NAHSBC Fixed Term Series - VII -Growth(27-Feb-06)* 10.0764 NAHSBC Fixed Term Series - VIII -Dividend(24-Mar-06)* 10.0205 NAHSBC Fixed Term Series - VIII -Growth(24-Mar-06)* 10.0205 NAHSBC Fixed Term Series - 13 -Regular Option - Dividend(31-Mar-06)* 10.0062 NAHSBC Fixed Term Series - 13 -Regular Option - Growth(31-Mar-06)* 10.0062 NAHSBC Fixed Term Series - 13 -Institutional Option - Growth(31-Mar-06)* 10.0062 NA
* Dates of first NAV of options commenced during the period are indicated in brackets in the table above
Details of Portfolio Turnover Ratio and Average Maturity
Scheme/Plan Name Portfolio turnover Averageduring the half year Maturity
ended March 31, 2006 (Months)
HSBC Equity Fund 0.59 NAHSBC Income Fund - Investment Plan NA 6.81HSBC Income Fund - Short Term Plan NA 4.19HSBC Cash Fund NA 2.55HSBC Floating Rate Fund - Long Term Plan NA 3.28HSBC Floating Rate Fund - Short Term Plan NA 3.73HSBC Gilt Fund Short Term Plan NA 0.07HSBC India Opportunities Fund 0.64 NAHSBC Midcap Equity Fund 0.32 NAHSBC Fixed Term Series - I NA 13.80HSBC Fixed Term Series - II NA 17.56HSBC Fixed Term Series - III NA 4.60HSBC Fixed Term Series - IV NA 9.05HSBC Fixed Term Series - V NA 17.04HSBC Fixed Term Series - VI NA 17.78HSBC Fixed Term Series - VII NA 1.88HSBC Fixed Term Series - VIII NA 1.45HSBC Fixed Term Series - 13 NA 7.31HSBC Advantage India Fund 0.09 NAHSBC MIP - Regular Plan 0.22 7.77 *HSBC MIP - Savings Plan 0.35 4.78 *
* Indicates average maturity for the Debt portion of the portfolio
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund(for the half year ended 31st March, 2006)
Scheme / Plan /Option Name Record Date/ Dividend Dividend Dividend Dividendperiod of (Rs. Per Rate (Non- (Rs. Per unit) Ratedividend unit) (Non- Corporate) (Corporate) (Corporate)declared Corporate)
HSBC Income Fund - Investment 16-Dec-05 0.07893000 0.79% 0.07351000 0.74%Plan - Regular Option - Dividend 17-Mar-06 0.05262000 0.53% 0.04900000 0.49%HSBC Income Fund - Short Term Plan 1-Oct-05 0.03508000 0.35% 0.03267000 0.33%- Regular Option - Dividend 28-Oct-05 0.03508000 0.35% 0.03267000 0.33%
25-Nov-05 0.03508000 0.35% 0.03267000 0.33%HSBC Income Fund - Short Term Plan - 1-Oct-05 — 0.00% 0.04084000 0.41%Institutional Option - Dividend 28-Oct-05 0.03947000 0.39% 0.03675000 0.37%
Total 12,152.97 60.47b) Privately Placed / Unlisted**1 GE Countrywide Consumer Financial Services Limited. 38 3,822.21 19.02 AAA2 GE Capital Services India 20 2,009.75 10.00 AAA3 GE Capital Services India 19 1,909.88 9.50 AAA
Total 7,741.84 38.522 Reverse Repos 205.00 1.023 Net Receivable / (Payable) -2.24 -0.01
Net Assets as on 31 March 2006 20,097.57 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC Fixed Term Series - VHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
HSBC MUTUAL FUND – HSBC Fixed Term Series - VIHalf Yearly Portfolio Statement for the period ended March 31, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited 510 5,094.03 18.34 AAA2 Mahindra & Mahindra Financial Services Limited 270 2,699.01 9.72 AA+3 Kotak Mahindra Prime Limited 250 2,499.04 9.00 LAA
Total 10,292.09 37.05b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 500 4,997.18 17.99 AAA2 Citicorp Finance India Limited 500 4,993.28 17.97 AAA3 GE Capital Services India 36 3,595.20 12.94 AAA4 GE Countrywide Consumer Financial Services Limited 26 2,598.39 9.35 AAA5 GE Countrywide Consumer Financial Services Limited 10 1,001.06 3.60 AAA
Total 17,185.11 61.862 Reverse Repos 307.14 1.113 Net Receivable / (Payable) -5.09 -0.02
Net Assets as on 31 March 2006 27,779.24 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 12,851.40 27.66b) Certificate of Deposit1 ICICI Bank Limited. 7,000 6,919.56 14.89 A1+2 ABN Amro Bank 6,500 6,425.90 13.83 A1+3 Jammu & Kashmir Bank Limited. 5,000 4,942.32 10.64 P1+4 Karur Vysya Bank Limited. 2,500 2,464.02 5.30 IND F1+5 UCO Bank Limited. 1,500 1,481.88 3.19 P1+6 Jammu & Kashmir Bank Limited. 1,000 990.51 2.13 P1+7 UCO Bank Limited. 1,000 989.84 2.13 P1+8 Industrial Development Bank of India 1,000 987.30 2.13 P1+9 Jammu & Kashmir Bank Limited. 500 493.72 1.06 P1+
Total 25,695.05 55.31Total Money Market Instruments 38,546.45 82.97
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund(for the half year ended 31st March, 2006)
Scheme / Plan /Option Name Record Date/ Dividend Dividend Dividend Dividendperiod of (Rs. Per Rate (Non- (Rs. Per unit) Ratedividend unit) (Non- Corporate) (Corporate) (Corporate)declared Corporate)
HSBC India Opportunities Fund - Dividend 11-Nov-05 2.00000000 20.00% 2.00000000 20.00%HSBC Midcap Equity Fund - Dividend 9-Dec-05 1.00000000 10.00% 1.00000000 10.00%HSBC Fixed Term Series - III 29-Mar-06 0.04461419 0.45% 0.04154797 0.42%HSBC Fixed Term Series - VII 29-Mar-06 0.06337547 0.63% 0.05901983 0.59%HSBC Cash Fund - Regular Option - For October 05 * 0.03847741 0.38% 0.03583294 0.36%Daily Dividend For November 05 * 0.03811576 0.38% 0.03549617 0.35%
For December 05 * 0.03787227 0.38% 0.03526937 0.35%For January 06 * 0.04241057 0.42% 0.03949581 0.39%For February 06 * 0.03830290 0.38% 0.03567040 0.36%
For March 06 * 0.04318627 0.43% 0.04021820 0.40%HSBC Cash Fund - Regular Option - For October 05 * 0.04260619 0.43% 0.03967796 0.40%Weekly Dividend For November 05 * 0.03495616 0.35% 0.03255372 0.33%
For December 05 * 0.04516550 0.45% 0.04206140 0.42%For January 06 * 0.03613495 0.36% 0.03365148 0.34%For February 06 * 0.03789850 0.38% 0.03529382 0.35%
For March 06 * 0.04457082 0.45% 0.04150757 0.42%HSBC Cash Fund - Institutional Option - For October 05 * 0.04013806 0.40% 0.03737945 0.37%Daily Dividend For November 05 * 0.03978004 0.40% 0.03704606 0.37%
For December 05 * 0.03951185 0.40% 0.03679626 0.37%For January 06 * 0.04424746 0.44% 0.04120644 0.41%For February 06 * 0.03993233 0.40% 0.03718788 0.37%
For March 06 * 0.04497575 0.45% 0.04188468 0.42%HSBC Cash Fund - Institutional Plus Option - For October 05 * 0.04007860 0.40% 0.03732411 0.37%Daily Dividend For November 05 * 0.03994396 0.40% 0.03719870 0.37%
For December 05 * 0.03972815 0.40% 0.03699770 0.37%For January 06 * 0.04475522 0.45% 0.04167929 0.42%For February 06 * 0.04096470 0.41% 0.03814930 0.38%
For March 06 * 0.04608579 0.46% 0.04291844 0.43%HSBC Cash Fund - Institutional Option - For October 05 * 0.04555079 0.46% 0.04242019 0.42%Weekly Dividend For November 05 * 0.03718419 0.37% 0.03462861 0.35%
For December 05 * 0.04616196 0.46% 0.04298936 0.43%For January 06 * 0.03842769 0.38% 0.03578665 0.36%For February 06 * 0.04027982 0.40% 0.03751150 0.38%
For March 06 * 0.04745843 0.47% 0.04419673 0.44%HSBC Cash Fund - Institutional Plus Option - For October 05 * 0.04539318 0.45% 0.04227342 0.42%Weekly Dividend For November 05 * 0.03727713 0.37% 0.03471516 0.35%
For December 05 * 0.04629430 0.46% 0.04311262 0.43%For January 06 * 0.03881068 0.39% 0.03614333 0.36%For February 06 * 0.04124478 0.41% 0.03841012 0.38%
For March 06 * 0.04860765 0.49% 0.04526697 0.45%HSBC Cash Fund - Institutional Option - 28-Oct-05 0.04567708 0.46% 0.04253781 0.43%Monthly Dividend 25-Nov-05 0.03725285 0.37% 0.03469255 0.35%
HSBC Floating Rate Fund - Long Term Plan - For October 05 * 0.03522479 0.35% 0.03280387 0.33%Institutional Option - Weekly Dividend For November 05 * 0.03541673 0.35% 0.03298262 0.33%
For December 05 * 0.04254857 0.43% 0.03962430 0.40%For January 06 * 0.03484284 0.35% 0.03244818 0.32%For February 06 * 0.03914309 0.39% 0.03645288 0.36%
For March 06 * 0.03108824 0.31% 0.02895162 0.29%HSBC Floating Rate Fund - Long Term Plan - 1-Oct-05 0.03508000 0.35% 0.03267000 0.33%Institutional Option -Montly Dividend 28-Oct-05 0.03070000 0.31% 0.02859000 0.29%
HSBC Floating Rate Fund - Short Term Plan - For October 05 * 0.03826873 0.38% 0.03563864 0.36%Regular Option - Daily Dividend For November 05 * 0.03798711 0.38% 0.03537632 0.35%
For December 05 * 0.03778466 0.38% 0.03518779 0.35%For January 06 * 0.04106981 0.41% 0.03824718 0.38%For February 06 * 0.03530802 0.35% 0.03288137 0.33%
For March 06 * 0.03886078 0.39% 0.03618995 0.36%HSBC Floating Rate Fund - Short Term Plan - For October 05 * 0.04314274 0.43% 0.04017765 0.40%Regular Option - Weekly Dividend For November 05 * 0.03550403 0.36% 0.03306392 0.33%
For December 05 * 0.04406050 0.44% 0.04103232 0.41%For January 06 * 0.03543080 0.35% 0.03299574 0.33%For February 06 * 0.03577899 0.36% 0.03332000 0.33%
For March 06 * 0.04143849 0.41% 0.03859053 0.39%HSBC Floating Rate Fund - Short Term Plan - For October 05 * 0.03977326 0.40% 0.03703975 0.37%Institutional Option - Daily Dividend For November 05 * 0.03942352 0.39% 0.03671402 0.37%
For December 05 * 0.03922834 0.39% 0.03653228 0.37%For January 06 * 0.04256078 0.43% 0.03963566 0.40%For February 06 * 0.03665701 0.37% 0.03413767 0.34%
For March 06 * 0.04030771 0.40% 0.03753749 0.38%HSBC Floating Rate Fund - Short Term Plan - For October 05 * 0.04475946 0.45% 0.04168324 0.42%Institutional Option - Weekly Dividend For November 05 * 0.03685474 0.37% 0.03432180 0.34%
For December 05 * 0.04573335 0.46% 0.04259020 0.43%For January 06 * 0.03676439 0.37% 0.03423766 0.34%For February 06 * 0.03710986 0.37% 0.03455941 0.35%
For March 06 * 0.04280147 0.43% 0.03985982 0.40%HSBC Floating Rate Fund - Short Term Plan - 28-Oct-05 0.04490243 0.45% 0.04181639 0.42%Institutional Option - Monthly Dividend 25-Nov-05 0.03687615 0.37% 0.03434174 0.34%
HSBC Floating Rate Fund - Short Term Plan - For November 05 * 0.01301441 0.13% 0.01211997 0.12%Institutional Option - Weekly Dividend For December 05 * 0.03663023 0.37% 0.03411274 0.34%
For January 06 * 0.03930453 0.39% 0.03660322 0.37%For February 06 * 0.03405530 0.34% 0.03171475 0.32%
For March 06 * 0.03858120 0.39% 0.03592962 0.36%HSBC Floating Rate Fund - Short Term Plan - 25-Nov-05 0.00507473 0.05% 0.00472596 0.05%Institutional Plus Option - Monthly Dividend 30-Dec-05 0.04259843 0.43% 0.03967075 0.40%
Notes : * This represents cummulative amounts of dividends declared during the month.Notes:
1. The provision made for Non Performing Assets as of March 31,2006 is NIL and its percentage to Net Asset Value is NIL.
2. Details of Schemes which have outstanding Derivative (OIS) position is NIL
3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.
4. Past performance may or may not be sustained in future.
5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund in termsof number of months.
6. The portfolio turnover for HSBC Equity Fund, HSBC India Opportunities Fund, HSBC Midcap Equity Fund, HSBC Advantage India Fund, HSBCMIP Regular (Equity Portion) and HSBC MIP Savings (Equity Portion) is the lower of purchases & sales to the average net assets during thehalf year ended March 31, 2006.
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBC Mutual Fund, 52/60 Mahatma Gandhi Road, Fort, Mumbai 400 001. Tel: 022-2273 4343. Statutory Details: HSBC Mutual Fund has been set up as a trust by HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpus of Rs 1 lakh). The Sponsor / associatesof the Sponsor/ Asset Management Company (AMC) are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes. The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager. Risk Factors: All investments in mutual funds and securities are subject to market risks and the Net Asset Value (NAV) of the Scheme(s) maygo up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of the Sponsor/AMC does not indicate the future performance of the Scheme(s) of the Mutual Fund. HSBC Equity Fund (HEF), HSBC India Opportunities Fund (HIF), HSBC Midcap EquityFund (HMEF), HSBC Advantage India Fund (HAIF), HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC Cash Fund (HCF), HSBC MIP (HMIP), HSBC Floating Rate Fund (HFRF) and HSBC Fixed Term Series (HFTS) are the names of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns. Scheme Classification: HEF (an open-ended growth scheme) aims to generatelong-term capital growth from an actively managed portfolio of equity and equity related securities. HIOF is an open-ended equity scheme seeking long-term capital growth through investments across all market capitalisations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities but could move a portion of its assets to fixed income securities if the fund managerbecomes negative on equity markets. HMEF (an open-ended growth scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However, it could move a portion of its assets towards fixed income securities if the fund manager becomes cautious or negative on the Indian equity markets. HAIF (an open-ended equity scheme)seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities by investing primarily in areas that play an important role in India’s economic development. The sectors and areas will change with changes in the economy. HIF (an open-ended income scheme) aims to provide reasonable income whilst maintaining a prudent policy of capital conservation. HGF (an open-endedgilt scheme) aims to generate reasonable returns through investments in Government Securities of various maturities. HCF (an open-ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. HMIP (an open-ended fund, monthly income is not assured and is subject to availability of distributable surplus)seeks to generate reasonable returns through investments in debt and money market instruments with a secondary objective to seek capital appreciation through investments in equity and equity related instruments. HFRF (an open-ended income scheme) seeks to generate a reasonable return with commensurate risk through investments in floating rate debt instruments and fixed rate debt instruments swapped for floatingrate returns. The Scheme may also invest in fixed rate money market and debt instruments. HFTS (close-ended Income Scheme) seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the respective Plan(s). Terms of Issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads. The AMC calculatesand publishes NAVs and offers for sale, redemption and switch outs, units of the Scheme(s) on all Business Days, at the Applicable NAV for all Schemes. However HFTS will not be open for ongoing subscriptions / switch ins. Load Structure: HEF, HIOF, HMEF & HAIF - Entry Load - For investments below Rs 5 crores – 2.25%. For investments of Rs 5 crores and above – Nil. No exit load for HEF, HIOF & HMEF.HAIF – Exit Load - For investments below Rs 5 crores – 1%, if redeemed before completion of 6 months from date of allotment, otherwise Nil. HMIP – Entry Load – Nil. Exit Load- For Investments below Rs 10 Lakhs - 0.5% if redeemed within 6 months from date of investment. For STP/SEP – Nil. In case of HIF - Investment Plan & HFRF - Long Term Plan - Entry Load - nil. Exit Load - For investments below Rs 10 Lakhsin Regular Option – 0.5% if redeemed within 6 months from the date of investment. For STP/SEP – Nil. For HFTS load, please contact the nearest investor service centre. No load in case of HCF, HGF, HIF-ST & HFRF-ST. For load in case of SIP/STP/dividend re-investments & in case of investments by Fund-of-Funds scheme, contact the nearest ISC. There are no loads other than those mentioned above. Theentry / exit loads set forth above are subject to change at the discretion of the AMC and such changes shall be implemented prospectively. Please read the Offer Documents for details and risk factors before investing.
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
HSBC Mutual FundUnaudited Half – Yearly Financial Results for the period ended 30 September 2006 as per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
Sl. Particulars HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBCNo. Equity India Midcap Advantage Income Fund - Income Fund - Cash Gilt Fund MIP MIP Floating Rate Floating Rate Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed
Fund Opportunities Equity India Investment Short Term Fund Short Term Regular Savings Fund - Long Fund - Short Term Term Term Term Term Term Term Term Term Term Term TermFund Fund Fund Plan Plan Plan Plan Plan Term Plan Term Plan Series I Series II Series III Series IV Series V Series VI Series VII Series VIII Series 13 Series IX Series 14 Series 15
7.4 Benchmark Index BSE 200 BSE 500 BSE Midcap BSE 200 Crisil Crisil Crisil I–Sec Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil Crisil CrisilComposite Short Term Liquid Fund –SI–Bex MIP MIP Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid Liquid LiquidBond Fund Bond Fund Index Blended Blended Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund
Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index
8 Provision for Doubtful Income/ Debts (Rs. in crores) – – – – – – – – – – – – – – – – – – – – – – – –9 Payment to associate / group companies
10 Investment made in associate / group companies(Rs. in crores){Refer to Notes to account - note 3} – – – – – – – – – – – – – – – – – – – – – – – –
Note:~ NAV per unit was considered as of 29 September, 2006.*Considering Movement of NAV during the half–year and after adjustment of dividend,etc. Returns for all Funds indicate absolute returns except for HSBC Cash Fund which has been annualised.**Returns since launch of Scheme/Plan represents abosolute return for the Plans which are in existence for less than 1 year.Returns during the half year are calculated based on NAV as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes.@Indicates less than 0.01.#Indicates annualised for the period.$Indicates schemes / plans launched during the current half year and hence opening Unit Capital, Net Assets and NAV Per unit for the period are not available.£Indicates schemes / plans Matured/Wound up during the current half year and hence closing Unit Capital, Net Assets and NAV Per unit for the period are not available.!Indicates there are no investors in the Option.^Weighted Average net assets are calculated from the date of Inflows.^^Weighted Average net assets are calculated from the date of Allotment.^^^In case of Schemes wound up/matured during the period Weighted Average net assets are calculated upto the date of wounding up/maturity.Schemes performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio.
Size : 329 mm x 500 mm
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the September 30,Company HSBC Mutual period ended 2006
Fund in the September 30, (At Market /company/ 2006 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Bank of India Limited HFRF HEF 5,816.85 2,081.66HAIF 2,281.92 2,689.20HMEF 320.91 -HIOF 1,563.03 1,053.00
1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.
2. Details of amounts paid to associates in terms of Regulation 25 (8).(Rupees in Lakhs)
Name of the Payee HEF HCF HIF-IP HIF-ST HGF-ST HMIP-R HMIP-S HMEF HIOF HFRF-LT HFRF-ST HAIF HFTSI HFTSII HFTSIII HFTSIV HFTSV HFTSVI HFTSVII HFTSVIII HFTS13 TOTAL
HSBC Securities and Capital Markets (India) Pvt. Ltd.
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is on the panel of the bankers with whom HSBC Mutual Fund places money on Fixed Deposits and enters into reverse repo transactions from time to time at competitive rates.HSBC Mutual fund also enters into transactions in government securities and treasury bills at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor
4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended Investments made by the schemes of HSBC Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme
ICICI Brokerage Services Limited HCF 2,501.35 -(Subsidiary company of ICICI Bank Limited) HFRF 2,501.35 -ICICI Securities Limited HCF 2,500.00 -(Subsidiary company of ICICI Bank Limited) HFTS15 2,500.00 -ICICI Home Finance Limited HIF 924.61 925.24(Subsidiary company of ICICI Bank Limited) HFTS15 4,622.03 2,313.09Infosys Technologies Limited HCF HIOF 3,240.82 2,345.36
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the September 30,Company HSBC Mutual period ended 2006
Fund in the September 30, (At Market /company/ 2006 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the September 30,Company HSBC Mutual period ended 2006
Fund in the September 30, (At Market /company/ 2006 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
The above investments comprise equity shares, debentrures / bonds, commercial paper, fixed deposits and other debt instruments.These investments have been made on account of their high credit quality and competitive yield for the investment in fixed income/money market insturments and in case of equity shares because of attractive valuations of these companies.
HEF - HSBC Equity Fund HIOF - HSBC India Opportunities Fund
HIF - HSBC Income Fund HCF - HSBC Cash Fund
HGF - HSBC Gilt Fund HMIP - HSBC MIP
HFRF - HSBC Floating Rate Fund HAIF- HSBC Advantage India Fund
HMEF - HSBC Midcap Equity Fund HFTSIII - HSBC Fixed Term Series III
HFTSI - HSBC Fixed Term Series I HFTSVII - HSBC Fixed Term Series VII
HFTSIV - HSBC Fixed Term Series IV HFTSIX - HSBC Fixed Term Series IX
HFTSVIII - HSBC Fixed Term Series VIII HFTS15 - HSBC Fixed Term Series 15
HFTS13 - HSBC Fixed Term Series 13
5. Details of investors holding units in the scheme over 25% of the NAV as on 30 September 2006 is Nil.
6. No bonus was declared during the reporting period.
7. Deferred Revenue Expenditure.
Deferred Revenue Expenditure (DRE) includes all expenses incurred in relation to the initial issue of units of the relevant scheme.Such DRE is written off equally over the scheme period.
(Rs. In lakhs)
Name of the Scheme Deffered Revenue Balance of DefferedExpenditure Written off Revenue Expenditure as on
during the half year September 30, 2006
HSBC Midcap Equity Fund 18.97 137.97
HSBC Advantage India Fund 206.12 1,812.38
8. Borrowings made during the half year by HSBC Mutual Fund.
Name of the scheme and category Nature of Source Purpose Date of Amount Date of repayment Period of Rate of Amount Collateralinstruments/ (Institutions/ borrowing Borrowed of borrowing borrowing borrowing borrowed used
mode of banks/ others) (specify the period as % of (if any)borrowings of borrowing) net assets
HSBC Cash Fund Bank Borrowing HSBC Bank Funding for September September 1 day 8.25% 1.59% NORedemptions 28, 2006 500,000,000.00 29, 2006
9. Details of Schemes which have outstanding Derivative (OIS) position as on September 30, 2006: NIL.The above results have been compiled for all schemes plans which existed during the half year ended September 30, 2006. During the period there have been no investments in foreign securities.The above unaudited financial results have been approved by the Directors of HSBC Asset Management (India) Private Limited and Board of Trustees of HSBC Mutual Fund.
For and on behlaf of the Board of Directors of For and on behalf of the Board of Trustees ofMumbai : HSBC Asset Management (India) Private Limited HSBC Mutual Fund
Vithal Palekar N.P. Gidwani Dilip J. ThakkarDirector Trustee Trustee
HSBC MUTUAL FUND - HSBC Floating Rate Fund - Long Term PlanHalf Yearly Portfolio Statement as of September 30, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited 20 200.83 2.35 AAA
Total 200.83 2.35b) Privately Placed / Unlisted**
Total — —2 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 Industrial Development Bank of India Limited 200 2,065.30 24.13 AA+2 Power Finance Corporation Limited 130 1,291.06 15.09 AAA3 Mahindra And Mahindra Financial Services Limited 100 1,000.00 11.68 AA+
Total 4,356.37 50.90b) Privately Placed / Unlisted**
Total — —3 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 BHPC Auto Securitisation Trust
May 2005 II Series A3 (Tata Motors) PTC 15 1,397.61 16.33 AAA(SO)2 Fleet Trust June 2005 Series A2 (CFIL) PTC 25 2,167.58 25.33 AAA(SO)3 IGHCC2 Loan Trust Series I (GE Capital) PTC 2 200.00 2.34 AA+(SO)
Total 3,765.19 44.004 Money Market Instruments
a) Commercial PapersTotal — —
b) Certificate of DepositTotal — —Total Money Market Instruments — —
AUTO ANCILLARIES1 Motor Industries Company Limited 58,965 1,939.65 3.98
BANKS1 Bank Of India 650,000 1,053.00 2.162 Oriental Bank Of Commerce 311,334 844.49 1.733 Punjab National Bank 153,518 807.97 1.664 Union Bank Of India 528,096 720.59 1.48
CEMENT1 India Cements Limited 1,100,000 2,437.05 5.002 Ultratech Cement Limited 108,000 964.17 1.983 Grasim Industries Limited 28,500 719.54 1.484 Century Textlies And Industries Limited 108,000 551.99 1.13
CHEMICALS1 Bombay Dyeing And Manufacturing Company Limited 198,000 1,494.21 3.07
AUTO ANCILLARIES1 Amtek Auto Limited 763,698 2,520.97 1.73
BANKS1 Punjab National Bank 1,071,000 5,636.67 3.872 Bank Of Baroda 1,400,000 4,038.30 2.773 HDFC Bank Limited 432,000 3,997.51 2.744 Bank Of India 1,660,000 2,689.20 1.855 State Bank Of India 155,508 1,599.63 1.10
CONSTRUCTION1 Jaiprakash Associates Limited 1,110,000 5,278.05 3.622 B L Kashyap And Sons Limited 297,000 3,053.90 2.103 Nagarjuna Construction Company Limited 1,255,220 1,995.80 1.37
HSBC MUTUAL FUND - HSBC MIP Savings PlanHalf Yearly Portfolio Statement as of September 30, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
1 Equity & Equity Related InstrumentsListed / Awaiting listing on Stock ExchangesBANKS
aii) Non Traded / Thinly Traded**1 Housing Development Finance Corporation Limited 50 505.46 6.62 LAAA2 UTI Bank Limited 50 500.22 6.55 LAA+3 Indian Railway Finance Corporation Limited 50 499.80 6.54 AAA4 Power Finance Corporation Limited 50 496.55 6.50 AAA5 Finolex Industries Limited 50 473.13 6.19 AA6 Infrastructure Development Finance Company Limited 30 300.34 3.93 AAA
Total 2,775.50 36.33b) Privately Placed / Unlisted**
Total — —4 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly traded**1 IGHCC2 Loan Trust Series I (GE Capital) PTC 8 800.00 10.47 AA+(SO)2 NTPC Loan Securitisation Trust Series XII (ICICI Bank) PTC 15 539.28 7.06 AAA(SO)3 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 5 125.02 1.64 AAA
(IND)(SO)Total 1464.29 19.16
5 Government Securities1 7.44% Oil Company GOI Bonds 2012 600,000 583.20 7.63 Sovereign
Total 583.20 7.636 Money Market Instruments
a) Commercial Papers1 SBI Cards And Payment Services Limited 100 497.34 6.51 P1+2 Larsen And Toubro Finance Limited 50 248.63 3.25 PR1+
Total 745.98 9.76b) Certificate of Deposit
Total — —Total Money Market Instruments 745.98 9.76
AUTO ANCILLARIES1 Amtek Auto Limited 759,580 2,507.37 2.44
BANKS1 Punjab National Bank 757,322 3,985.79 3.882 HDFC Bank Limited 260,803 2,413.34 2.353 Bank Of India 1,284,975 2,081.66 2.034 State Bank Of India 175,500 1,805.28 1.765 Centurion Bank Of Punjab Limited 3,600,000 878.40 0.86
Total — —3 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 Industrial Development Bank of India Limited 50 516.34 8.92 AA+2 Infrastructure Development Finance Company Limited 50 500.56 8.65 AAA3 Indian Railway Finance Corporation Limited 50 499.80 8.64 AAA4 Power Finance Corporation Limited 50 496.55 8.58 AAA5 Finolex Industries Limited 50 473.13 8.18 AA
Total 2,486.39 42.974 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly traded**1 IGHCC2 Loan Trust Series I (GE Capital) PTC 7 700.00 12.10 AA+(SO)2 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 5 374.77 6.48 AAA(SO)3 TVS Finance 2W Recbls.
Securitisation Trust September 2004 Series A2 PTC 5 78.42 1.36 AAA(IND)(SO)
Total 1153.19 19.935 Government Securities1 7.44% Oil Company GOI Bonds 2012 200,000 194.40 3.36 Sovereign
Total 194.40 3.366 Money Market Instruments
a) Commercial Papers1 SBI Cards And Payment Services Limited 70 348.14 6.02 P1+2 Larsen And Toubro Finance Limited 70 348.09 6.02 PR1+
Total 696.23 12.03b) Certificate of Deposit
Total — —Total Money Market Instruments 696.23 12.03
Total 999.77 5.452 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
Total — —b) Privately Placed / Unlisted**
Total — —3 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 Corporate Loan Securitisation Series XIII
Trust 2006 (Kotak Mahindra Bank) PTC 8 809.80 4.41 P1+(SO)2 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 5 500.16 2.73 LAAA(SO)3 IGHCC2 Loan Trust Series I (GE Capital) PTC 5 500.00 2.72 AA+(SO)4 GECSI Loan Series I Class D (IRFC) PTC 5 499.76 2.72 AAA(SO)5 Indian Corporate Loan Securitisation
Trust Series – IX(Yes Bank) PTC 3 303.90 1.66 AA(SO)6 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 5 125.02 0.68 AAA
(IND)(SO)Total 2,738.64 14.92
4 Money Market Instrumentsa) Commercial Papers1 Jindal Steel And Power Limited 200 967.09 5.27 A1+2 Larsen And Toubro Finance Limited 200 964.19 5.25 PR1+3 ICICI Home Finance Company Limited 200 925.24 5.04 A1+4 GE Countrywide Consumer Financial Services Limited 100 492.93 2.69 P1+5 GE Countrywide Consumer Financial Services Limited 70 330.03 1.80 P1+
Total 3,679.48 20.05b) Certificate of Deposit1 ICICI Bank Limited 2,100 1,944.32 10.59 A1+2 ING Vysya Bank Limited 1,500 1,430.45 7.79 P1+3 ABN Amro Bank 1,000 968.12 5.28 A1+4 Karur Vysya Bank Limited 500 479.53 2.61 IND F1+5 UCO Bank 500 476.07 2.59 P1+6 Kotak Mahindra Bank Limited 500 475.92 2.59 P1+
Total 5,774.41 31.47Total Money Market Instruments 9,453.89 51.52
Total 511.97 2.23b) Privately Placed / Unlisted**1 GE Capital Services Limited 25 2,508.07 10.92 AAA2 GE Countrywide Consumer Financial Services Limited 25 2,508.07 10.92 AAA3 Sundaram Finance Limited 200 2,001.32 8.71 P1+4 Sundaram Finance Limited 100 1,000.66 4.36 P1+
Total 8,018.12 34.902 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
Total — —3 Money Market Instruments
a) Commercial Papers1 Redington (India) Limited 400 1,925.38 8.38 P1+2 Infrastructure Leasing And Financial Services Limited 300 1,440.75 6.27 PR1+
Total 3,366.13 14.65b) Certificate of Deposit1 ICICI Bank Limited 6,000 5,763.85 25.09 A1+2 State Bank of Saurashtra 4,500 4,327.12 18.84 A1+3 Federal Bank Limited 500 480.46 2.09 P1+4 Karur Vysya Bank Limited 100 95.91 0.42 IND F1+
Total 10,667.33 46.43Total Money Market Instruments 14,033.46 61.09
Total 3,000.14 8.40b) Privately Placed / Unlisted**1 GE Capital Services Limited 40 4,085.27 11.43 AAA2 GE Countrywide Consumer Financial Services Limited 40 4,084.41 11.43 AAA
Total 8,169.68 22.862 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
Total — —3 Securitised Debt (Unlisted)
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Indian Corporate Loan Securitisation
Trust Series VI (Yes Bank) PTC 50 5,039.33 14.10 A1+(SO)Total 5,039.33 14.10
4 Money Market Instrumentsa) Commercial Papers1 DSP Merrill Lynch Capital Limited 1,000 4,712.28 13.19 P1+2 Standard Chartered Investments And Loans Limited 600 2,834.56 7.93 P1+3 GE Countrywide Consumer Financial Services Limited 110 518.61 1.45 P1+
Total 8,065.45 22.57b) Certificate of Deposit1 Federal Bank Limited 6,500 6,132.12 17.16 P1+2 Kotak Mahindra Bank Limited 3,000 2,833.35 7.93 P1+3 ICICI Bank Limited 2,500 2,360.64 6.61 A1+4 Karur Vysya Bank Limited 50 47.95 0.13 IND F1+
Total 11,374.06 31.83Total Money Market Instruments 19,439.51 54.40
Net Assets as on 30 September 2006 35,736.21 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND - HSBC FIXED TERM SERIES 14Half Yearly Portfolio Statement as of September 30, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Mahindra And Mahindra Financial Services Limited 150 1,512.04 7.05 AA+2 Kotak Mahindra Prime Limited 100 999.94 4.66 P1+
Total 2,511.98 11.72
HSBC MUTUAL FUND - HSBC FIXED TERM SERIES 15Half Yearly Portfolio Statement as of September 30, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**Total — —
b) Privately Placed / Unlisted**1 GE Capital Services Limited 30 3,002.16 9.48 AAA2 GE Money Financial Services Limited 30 3,000.59 9.47 AAA3 Shriram Transport Finance Company Limited 100,000 1,000.60 3.16 IND AA-4 Shriram Transport Finance Company Limited 100,000 1,000.20 3.16 IND F1+5 Shriram Transport Finance Company Limited 50,000 504.00 1.59 AA-6 Shriram Transport Finance Company Limited 50,000 500.07 1.58 IND F1+
Total 9,007.61 28.442 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
Total — —3 Securitised Debt (Unlisted)
ai) TradedTotal — —
aii) Non Traded / Thinly Traded**1 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 60 6,001.93 18.95 LAAA(SO)2 Retail Trust September 2006 Series A2 (HDFC Bank) PTC 30 3,022.32 9.54 A1+(SO)3 Indian Corporate Loan Securitisation
Total 23,250.77 61.70b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 100 1,001.60 2.66 AAA2 GE Countrywide Consumer Financial Services Limited 10 1,000.00 2.65 AAA
Total 2,001.60 5.313 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 HEL Trust Series II (Hustchison Essar) Note 1 PTC 10 974.00 2.58 A1+2 GACL Loan Receivable Trust II (Citibank) PTC 10 898.36 2.38 AAA(SO)3 Fleet Trust June 2005 Series A1 (CFIL) PTC 25 860.03 2.28 AAA(SO)4 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 5 374.77 0.99 AAA(SO)5 Retail Trust December 2004 Series A3 (HDFC Bank) PTC 20 237.62 0.63 AAA(SO)6 Indian Retail ABS Trust Series XXXIII A1 (ICICI Bank) PTC 10 83.55 0.22 AAA(SO)7 PFSL Chola November 2003 Series A2 PTC 5 0.71 0.00 MAAA(SO)
Total 3,429.04 9.104 Money Market Instruments
a) Commercial Papers1 Shriram Transport Finance Company Limited 200 967.31 2.57 IND F1+2 Larsen And Toubro Finance Limited 100 497.27 1.32 PR1+3 GE Countrywide Consumer Financial Services Limited 40 197.17 0.52 P1+
Total 1,661.75 4.41b) Certificate of Deposit1 Standard Chartered Bank 1,500 1,485.47 3.94 P1+2 State Bank Of India 1,000 992.36 2.63 P1+3 ABN Amro Bank 1,000 968.12 2.57 A1+4 ICICI Bank Limited 1,000 967.98 2.57 A1+
Total 4,413.92 11.71Total Money Market Instruments 6,075.67 16.12
Total 751.06 0.24b) Privately Placed / Unlisted**1 Shriram Transport Finance Company Limited 250 2,500.00 0.79 Unrated2 Shriram Transport Finance Company Limited 150 1,500.00 0.48 Unrated3 Essel Propack Limited 10 1,000.00 0.32 Unrated4 Essel Propack Limited 10 1,000.00 0.32 Unrated5 Housing And Urban Development Corporation Limited 100 1,000.00 0.32 PR1+6 Manaksia Limited 10 1,000.00 0.32 PR1+7 Shriram Transport Finance Company Limited 100 1,000.00 0.32 Unrated8 Essel Propack Limited 5 500.00 0.16 Unrated
Total 9,500.00 3.022 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total — —aii) Non Traded / Thinly Traded**
1 Industrial Development Bank of India Limited 600 6,007.19 1.91 AA+2 Housing Development Finance Corporation Limited 550 5,499.45 1.75 AAA3 Cholamandalam Investment And Finance Company Limited 500 5,000.00 1.59 LAA4 Citi Financial Consumer Finance India Limited 500 4,999.35 1.59 AAA5 ICICI Bank Limited 350 3,520.50 1.12 AAA6 Citicorp Finance India Limited 350 3,500.00 1.11 AAA7 Indian Railway Finance Corporation Limited 300 3,002.54 0.95 AAA8 Kotak Mahindra Prime Limited 300 3,000.00 0.95 LAA9 Sundaram Finance Limited 250 2,502.23 0.79 AA+
10 Cholamandalam Investment And Finance Company Limited 250 2,500.00 0.79 MAA+11 Citi Financial Consumer Finance India Limited 250 2,500.00 0.79 AAA12 Citicorp Finance India Limited 250 2,500.00 0.79 AAA13 Mahindra And Mahindra Financial Services Limited 250 2,500.00 0.79 AA+14 Mahindra And Mahindra Financial Services Limited 250 2,500.00 0.79 AA+15 Mahindra And Mahindra Financial Services Limited 250 2,498.61 0.79 AA+16 UTI Bank Limited 250 2,497.32 0.79 LAA+17 Mahindra And Mahindra Financial Services Limited 200 2,000.00 0.64 AA+18 Industrial Development Bank of India Limited 150 1,531.74 0.49 LAA+19 Citicorp Finance India Limited 150 1,500.00 0.48 AAA20 Housing Development Finance Corporation Limited 100 1,010.91 0.32 LAAA21 Mahindra And Mahindra Financial Services Limited 1,000,000 1,000.52 0.32 AA+22 Exim Bank 100 1,000.14 0.32 AAA23 Citicorp Maruti Finance Limited 10 1,000.00 0.32 AAA24 Sundaram Finance Limited 100 1,000.00 0.32 MAAA25 Citicorp Finance India Limited 50 502.40 0.16 AAA26 Mahindra And Mahindra Financial Services Limited 50 500.00 0.16 AA+27 Finolex Industries Limited 50 473.13 0.15 AA
Total 66,046.03 20.97b) Privately Placed / Unlisted**1 Rabo India Finance Private Limited 250 2,504.22 0.80 AAA2 GE Capital Services Limited 25 2,500.00 0.79 AAA3 GE Countrywide Consumer Financial Services Limited 15 1,500.00 0.48 AAA4 Larsen And Toubro Finance Limited 15 1,500.00 0.48 AA+
Total 8,004.22 2.543 Securitised Debt (Unlisted)
a) TradedTotal — —
b) Non Traded / Thinly Traded**1 HEL Trust Series II (Hustchison Essar) Note 1 PTC 65 6,330.97 2.01 A1+2 Indian Retail ABS Trust Series 44 A1 (ICICI Bank) PTC 100 4,405.17 1.40 AAA(SO)3 Indian Retail ABS Trust 59 A1Y (ICICI Bank) PTC 50 4,250.00 1.35 AAA(SO)4 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 20 1,499.07 0.48 AAA(SO)5 Fleet Trust June 2005 Series A1 (CFIL) PTC 40 1,376.05 0.44 AAA(SO)6 Indian Retail ABS Trust Series XIII A3 (ICICI Bank) PTC 20 1,144.06 0.36 AAA(SO)7 BHPC Auto Securitisation Trust May 2005 II Series A3
(Tata Motors) PTC 10 931.74 0.30 AAA(SO)8 Indian Retail ABS Trust Series XXXVII A1 (ICICI Bank) PTC 25 815.99 0.26 AAA(SO)9 Indian Retail ABS Trust Series XXXIII A1 (ICICI Bank) PTC 90 751.95 0.24 AAA(SO)
10 BHPC Auto Securitisation Trust May 2005 III Series A1(Tata Motors) PTC 25 716.92 0.23 AAA(SO)
11 Indian Infrast. Eqpt. Recbls. Trust May 2005 Series A1 (SREI) PTC 25 674.38 0.21 AAA(IND)(SO)
12 Retail Trust February 2005 Series A6 (HDFC Bank) PTC 50 639.02 0.20 AAA(SO)13 Mumbai Auto Recbls. Trust 2005 Series V Class A1 (SCB) PTC 40 534.20 0.17 AAA(SO)14 Indian Retail ABS Trust Series XIV A3 (ICICI Bank) PTC 15 381.53 0.12 AAA(SO)15 Retail Trust December 2004 Series A3 (HDFC Bank) PTC 30 356.43 0.11 AAA(SO)16 Fleet Trust August - I 2003 Series A3 (CFIL) PTC 15 314.43 0.10 AAA(SO)17 BHPC Auto Securitisation Trust June 2004 Series A2
(Tata Motors) PTC 20 144.22 0.05 MAAA(SO)18 Asset Securitisation Trust December 2004 IV Series A5
(Chola) PTC 10 119.83 0.04 AAA(SO)19 Fleet Trust January 2004 Series A5 (CFIL) PTC 10 97.40 0.03 AAA(SO)
Total 25,483.37 8.094 Money Market Instruments
a) Commercial Papers1 Power Finance Corporation Limited 1,500 7,405.80 2.35 P1+2 GE Capital Services Limited 1,500 7,385.92 2.35 P1+3 Rabo India Finance Private Limited 1,000 4,740.68 1.51 P1+4 SBI Cards And Payment Services Limited 600 2,970.73 0.94 P1+5 Bajaj Auto Finance Limited 600 2,908.48 0.92 P1+6 Sundaram Finance Limited 600 2,900.88 0.92 P1+7 GRHU Finance Limited 500 2,484.89 0.79 P1+8 DSP Merrill Lynch Capital Limited 500 2,480.31 0.79 P1+9 Kotak Securities Limited 500 2,477.71 0.79 A1+
10 ABN AMRO Securities Private Limited 500 2,428.51 0.77 A1+11 Jindal Steel And Power Limited 400 1,985.36 0.63 A1+12 Apollo Tyres Limited 400 1,985.11 0.63 P1+13 Jindal Steel And Power Limited 400 1,969.74 0.63 A1+14 Sundaram Finance Limited 400 1,937.32 0.62 A1+15 Sundaram Finance Limited 400 1,896.07 0.60 A1+16 Shriram Transport Finance Company Limited 300 1,450.96 0.46 IND F1+17 Infrastructure Leasing And Financial Services Limited 300 1,450.37 0.46 IND F1+18 Larsen And Toubro Finance Limited 300 1,446.29 0.46 PR1+19 GE Countrywide Consumer Financial Services Limited 300 1,412.22 0.45 P1+20 Micro Inks Limited 200 992.85 0.32 PR1+21 Standard Chartered Investments And Loans Limited 200 990.53 0.31 P1+22 Redington (India) Limited 200 963.50 0.31 P1+23 SBI Cards And Payment Services Limited 160 795.75 0.25 P1+24 GE Countrywide Consumer Financial Services Limited 100 487.49 0.15 P1+25 Larsen And Toubro Finance Limited 80 397.81 0.13 PR1+
Total 58,345.27 18.53b) Certificate of Deposit1 ICICI Bank Limited 12,000 11,583.10 3.68 P1+2 ICICI Bank Limited 7,500 7,259.54 2.31 A1+3 Industrial Development Bank of India Limited 7,500 7,255.21 2.30 P1+4 UTI Bank Limited 5,000 4,736.03 1.50 A1+5 HDFC Bank Limited 4,500 4,350.55 1.38 P1+6 UCO Bank 4,500 4,284.59 1.36 P1+7 Kotak Mahindra Bank Limited 4,100 3,902.58 1.24 P1+8 Standard Chartered Bank 3,500 3,466.09 1.10 P1+9 ING Vysya Bank Limited 3,500 3,337.72 1.06 P1+
10 Kotak Mahindra Bank Limited 2,500 2,500.00 0.79 P1+11 Yes Bank Limited 2,500 2,500.00 0.79 A1+12 Yes Bank Limited 2,500 2,500.00 0.79 P1+13 Punjab National Bank 2,500 2,469.70 0.78 A1+14 State Bank of Bikaner and Jaipur 2,500 2,469.49 0.78 P1+15 Standard Chartered Bank 2,500 2,418.26 0.77 P1+16 State Bank of Saurashtra 2,500 2,416.97 0.77 A1+17 Allahabad Bank 2,500 2,414.69 0.77 P1+18 Indian Bank 2,500 2,404.55 0.76 IND F1+19 State Bank Of India 1,500 1,488.53 0.47 P1+20 ICICI Bank Limited 1,500 1,474.55 0.47 A1+21 ICICI Bank Limited 500 485.30 0.15 A1+22 Karur Vysya Bank Limited 300 287.72 0.09 IND F1+23 State Bank of Indore 150 147.91 0.05 P1+
Total 76,153.08 24.18c) Bill Rediscounted1 HDFC Bank Limited 1 7,488.38 2.38 Unrated
Total 7,488.38 2.38Total Money Market Instruments 141,986.73 45.09
Net Assets as on 30 September 2006 314,917.32 100.00
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND - HSBC CASH FUNDHalf Yearly Portfolio Statement as of September 30, 2006
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2006
Scheme / Plan /Option Name NAV per unit as on NAV per unit as onSeptember 29, 2006/ March 31, 2006/Date of Last NAV ** Date of First NAV*
HSBC Equity Fund - Dividend 30.0795 29.0720HSBC Equity Fund - Growth 63.0142 60.9125HSBC Income Fund - Short Term Plan - Regular Option - Dividend 10.6824 10.3856HSBC Income Fund - Short Term Plan - Regular Option - Growth 12.2155 11.7985HSBC Income Fund - Short Term Plan - Institutional Option - Dividend 10.0667 10.7396HSBC Income Fund - Short Term Plan - Institutional Option - Growth 12.3577 11.9121HSBC Income Fund - Investment Plan - Regular Option - Dividend 10.3710 10.2696HSBC Income Fund - Investment Plan - Regular Option - Growth 12.1726 11.8011HSBC Income Fund - Investment Plan - Institutional Option - Growth 12.4879 12.0435HSBC Cash Fund - Regular Option- Dividend 10.1930 10.1930HSBC Cash Fund - Regular Option - Growth 12.1625 11.7970HSBC Cash Fund - Institutional Option - Growth 12.1923 11.8200HSBC Cash Fund - Institutional Option - Daily Dividend 10.4401 10.4401HSBC Cash Fund - Institutional Option - Weekly Dividend 10.4627 10.4530HSBC Cash Fund - Institutional Option - Monthly Dividend 10.5180 10.4564HSBC Cash Fund - Institutional Plus Option - Growth 11.3707 11.0065HSBC Cash Fund - Institutional Plus Option - Daily Dividend 10.0056 10.0056HSBC Cash Fund - Institutional Plus Option - Weekly Dividend 10.0192 10.0096HSBC Cash Fund - Institutional Plus Option - Monthly Dividend 10.0733 10.0120HSBC Cash Fund - Regular Option - Weekly Dividend 10.0163 10.0075HSBC Gilt Fund - Short Term Plan - Dividend Option 10.7341 10.5378HSBC Gilt Fund - Short Term Plan - Growth Option 10.8744 10.6756HSBC India Opportunities Fund-Dividend 17.7933 18.7112HSBC India Opportunities Fund-Growth 24.4703 23.0533HSBC Advantage India Fund-Dividend 11.2375 11.2929HSBC Advantage India Fund-Growth 11.2375 11.2929HSBC Floating Rate Fund - Long Term Plan - Regular Option - Dividend 10.0586 10.0578HSBC Floating Rate Fund - Long Term Plan - Regular Option - Growth 11.0697 10.7502HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Growth 11.1107 10.7797HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Weekly Dividend 10.1979 10.0198HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend 10.1123 10.0884HSBC Floating Rate Fund - Short Term Plan - Regular Option - Dividend 10.0000 10.0128HSBC Floating Rate Fund - Short Term Plan - Regular Option - Growth 11.0780 10.7486HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Growth 11.1190 10.7777HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Daily Dividend 10.0132 10.0132HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Weekly Dividend 10.0354 10.0165HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Monthly Dividend 10.0779 10.0114HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Growth 10.5341 10.2031HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Daily Dividend 10.0262 10.0171HSBC Floating Rate Fund - Short Term Plan - Regular Option - Weekly Dividend 10.0143 10.0062HSBC MIP - Regular Plan-Monthly Dividend 10.5582 10.4332HSBC MIP - Regular Plan-Growth 11.9462 11.4821HSBC MIP - Regular Plan-Quarterly Dividend 10.5963 10.4465HSBC MIP - Savings Plan-Monthly Dividend 10.8018 10.7428HSBC MIP - Savings Plan-Growth 12.6892 12.2006HSBC MIP - Savings Plan-Quarterly Dividend 10.9025 10.8067HSBC Midcap Equity Fund-Dividend 14.8643 17.3714HSBC Midcap Equity Fund-Growth 17.0015 18.6376HSBC Fixed Term Series I -Dividend 10.4814 10.0431HSBC Fixed Term Series I -Growth 10.4814 10.0431HSBC Fixed Term Series II -Dividend 10.4817 10.0355HSBC Fixed Term Series II -Growth 10.4817 10.0355HSBC Fixed Term Series III -Dividend (07 September 2006)** 10.0018 10.0044HSBC Fixed Term Series III -Growth (07 September 2006)** 10.4106 10.0553HSBC Fixed Term Series IV -Dividend 10.4812 10.0424HSBC Fixed Term Series IV -Growth 10.4812 10.0424HSBC Fixed Term Series V -Dividend 10.4836 10.0459HSBC Fixed Term Series V -Growth 10.4836 10.0459HSBC Fixed Term Series VI -Dividend 10.4500 9.9918HSBC Fixed Term Series VI -Growth 10.4500 9.9918HSBC Fixed Term Series VII -Dividend (23 May 2006)** 10.0007 10.0041HSBC Fixed Term Series VII -Growth (23 May 2006)** 10.1850 10.0764HSBC Fixed Term Series VIII -Dividend (22 June 2006)** 10.0011 10.0205HSBC Fixed Term Series VIII -Growth (22 June 2006)** 10.2120 10.0205HSBC Fixed Term Series 13 -Regular Option - Dividend 10.4152 10.0062HSBC Fixed Term Series 13 -Regular Option - Growth 10.4152 10.0062HSBC Fixed Term Series 13 -Institutional Option - Growth 10.4381 10.0062HSBC Fixed Term Series 14 -Dividend (30 August 2006)* 10.0730 10.0039HSBC Fixed Term Series 14 -Growth (30 August 2006)* 10.0730 10.0039HSBC Fixed Term Series IX -Dividend (30 June 2006)* 10.2030 10.0049HSBC Fixed Term Series IX -Growth (30 June 2006)* 10.2030 10.0049HSBC Fixed Term Series 15 -Regular Option - Dividend (29 September 2006)* 10.0075 10.0075HSBC Fixed Term Series 15 -Regular Option - Growth (29 September 2006)* 10.0075 10.0075HSBC Fixed Term Series 15 -Institutional Option - Dividend (29 September 2006)* 10.0077 10.0077HSBC Fixed Term Series 15 -Institutional Option - Growth (29 September 2006)* 10.0077 10.0077
* Dates of first Nav of options commenced during the period are indicated in brackets in the table above** Dates of last Nav of options wound up/matured during the period are indicated in brackets in the table above
Details of Portfolio Turnover Ratio and Average Maturity
Scheme/Plan Name Portfolio turnover during Average Maturitythe half year ended (Months)September 30, 2006
HSBC Advantage India Fund 0.67 0.07*HSBC Cash Fund NA 3.00HSBC Equity Fund 0.68 0.20*HSBC Fixed Term Series I NA 7.96HSBC Fixed Term Series II NA 11.52HSBC Fixed Term Series IV NA 4.99HSBC Fixed Term Series V NA 11.10HSBC Fixed Term Series VI NA 11.85HSBC Fixed Term Series IX NA 9.07HSBC Fixed Term Series 13 NA 6.20HSBC Fixed Term Series 14 NA 11.43HSBC Fixed Term Series 15 NA 10.74HSBC Floating Rate Fund - Long Term Plan NA 3.16HSBC Floating Rate Fund - Short Term Plan NA 3.82HSBC Gilt Fund - Short Term Plan NA 0.14HSBC Income Fund - Investment Plan NA 15.07HSBC Income Fund - Short Term Plan NA 12.78HSBC India Opportunities Fund 0.70 0.17*HSBC Midcap Equity Fund 0.57 NAHSBC MIP - Regular Plan 0.21 8.45*HSBC MIP - Savings Plan 0.25 11.01*
* Indicates average maturity for the Debt portion of the portfolio
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 30th September, 2006)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
HSBC India Opportunities Fund - Dividend 19-May-06 2.00000000 20.00% 2.00000000 20.00%
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBC Mutual Fund, 314 D.N. Road, Fort, Mumbai 400 001. Tel: 022-6666 8819. Statutory Details: HSBC Mutual Fund has been set up as a trustby HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpus of Rs 1 lakh). The Sponsor / associates of the Sponsor/ Asset Management Company (AMC) are not responsible or liable for any loss or shortfall resulting from the operation ofthe Schemes. The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager. Risk Factors: All investments in mutual funds and securities are subject to market risks and the Net Asset Value (NAV) of theScheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of the Sponsor/AMCdoes not indicate the future performance of the Scheme(s) of the Mutual Fund. HSBC Equity Fund (HEF), HSBC India Opportunities Fund (HIOF), HSBC Midcap Equity Fund (HMEF), HSBC Advantage India Fund (HAIF), HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC CashFund (HCF), HSBC Liquid Plus Fund (HLPF), HSBC MIP (HMIP), HSBC Floating Rate Fund (HFRF) and HSBC Fixed Term Series (HFTS) are the names of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns. SchemeClassification: HEF (an open-ended diversified equity Scheme) aims to generate long term capital growth from an actively managed portfolio of equity and equity related securities. HIOF (an open-ended equity Scheme) seeks long term capital growth through investmentsacross all market capitalisations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities but could move a portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets.HMEF (an open-ended equity Scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However, it could move a portion of its assets towards fixed income securities if the fundmanager becomes negative on the Indian equity markets. HAIF (an open-ended equity Scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities by investing primarily in areas that play an important role in, and/or benefit from India’s progress, reform process and economic development. HIF (an open-ended income scheme) aims to provide reasonable income whilst maintaining a prudent policy of capital conservation. HGF (an open-ended gilt scheme) aims to generate reasonable returnsthrough investments in Government Securities of various maturities. HCF (an open-ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. HLPF (anopen-ended debt Scheme) seeks to provide liquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments. HMIP (an open-ended Fund with Regular & Savings Plans. Monthly income is not assured and is subject to availabilityof distributable surplus.) seeks to generate reasonable returns through investments in debt and money market instruments with a secondary objective to seek capital appreciation through investments in equity and equity related instruments. HFRF (an open-ended incomescheme) seeks to generate a reasonable return with commensurate risk through investments in floating rate debt instruments and fixed rate debt instruments swapped for floating rate returns. The Scheme may also invest in fixed rate money market and debt instruments. HFTS(a close-ended Income Scheme) seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the respective Plan(s). Terms of Issue: Units of the Scheme(s) are being offered at NAV based prices,subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale, redemption and switch outs, units of the Scheme(s) on all Business Days, at the Applicable NAV for all Schemes. However HFTS will not be open for ongoing subscriptions/switch ins.Load Structure (includes SIP/STP): HEF, HIOF, HMEF & HAIF – Entry – 2.25% for investments/switch ins* < Rs 5 crores, otherwise Nil. Exit – 0.5% for < Rs 5 crores, if redeemed/switched out* within 6 months from date of investment, otherwise Nil. For SIP- Nil. However, 0.5% if SIP discontinued before 6 months from the date of the first investment/transfer. HMIP – Entry – Nil. Exit - 0.5% for Investments < Rs 10 lakhs, if redeemed/switched out* within 6 months from date of investment. For STP/ SEP – Nil. In case ofHIF-IP & HFRF-LTP - Entry - Nil. Exit - 0.5% for < Rs 10 lakhs in Regular Option, if redeemed/switched out* within 6 months from the date of investment. For STP/SEP – Nil. HLPF – Entry – Nil. Exit – 0.05% - if redeemed within 7 days from date of investment, otherwiseNil. For STP/ SEP – Nil *No load in case of switches between equity Schemes of HSBC Mutual Fund. For HFTS load, please contact the nearest Investor Service Centre. No load in case of HCF, HGF, HLPF, HIF-ST & HFRF-ST. Load in case of dividend reinvestments: Entry- 2.25% in case of Weekly Dividend sub-option under Institutional & Institutional Plus Option of HCF & HFRF-STP. Exit – Nil. No load in case of investments by Fund-of-Funds, FIIs & their sub-accounts. The entry / exit load set forth above is subject to change at the discretionof the AMC and such changes shall be implemented prospectively. Please read the Offer Document for details and risk factors before investing.
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 30th September, 2006)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For April 06 * 0.03681620 0.37% 0.03428587 0.34%
For May 06 * 0.04500412 0.45% 0.04191111 0.42%For June 06 * 0.04577314 0.46% 0.04262726 0.43%For July 06 * 0.04869638 0.49% 0.04534957 0.45%
For August 06 * 0.04992181 0.50% 0.04649082 0.46%For September 06 * 0.04657919 0.47% 0.04337793 0.43%
Notes:* This represents cummulative amounts of dividends declared during the month.$ This represents the schemes/plans which are wound up/matured during the half yearNotes:1. The provision made for Non Performing Assets as of September 30,2006 is Rs. NIL and its percentage to Net Asset Value is NIL.2. Details of Schemes which have outstanding Derivative (OIS) position is NIL3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.4. Past performance may or may not be sustained in future.5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund in
terms of number of months.6. The portfolio turnover for HSBC Equity Fund, HSBC India Opportunities Fund (Equity Portion), HSBC Midcap Equity Fund, HSBC
India Advantage Fund (Equity Portion), HSBC MIP Regular (Equity Portion) and HSBC MIP Savings (Equity Portion) is the lowerof purchases & sales to the average net assets during the half year ended September 30, 2006.
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
HSBC Mutual FundUnaudited Half – Yearly Financial Results for the period ended 31 March 2007 as per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
No. Equity India Midcap Advantage Tax Saver Unique Income Fund Income Cash Liquid Gilt Fund MIP MIP Floating Rate Floating Rate Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed
Fund Opportunities Equity India Equity Opportunities -Investment Fund -Short Fund Plus Short Regular Savings Fund - Long Fund - Short Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term
Fund Fund Fund Fund Fund Plan Term Plan Fund Term Plan Plan Plan Term Plan Term Plan Series I Series II Series IV Series V Series VI Series 13 Series IX Series 14 Series 15 Series 21 Series 22 Series 23 Series 24 Series 25 Series 26 Series 27
Bond Bond Fund Fund Blended Blended Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Fund Term Term Fund Term Fund Fund FundFund Index Fund Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index Index Bond Bond Index Bond Index Index Index
Notes :*Considering Movement of NAV during the half-year and after adjustment of dividend,etc. Returns for all Funds indicate absolute returns except for HSBC Cash Fund which has been annualised.**Returns since launch of Scheme/Plan represents abosolute return for the Plans which are in existence for less than 1 year. Returns during the half year are calculated based on NAV as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes$$ NAV per unit was considered as of 29th September 2006## NAV per unit was considered as of 30th March 2007@Indicates less than 0.01#Indicates annualised for the period$Indicates schemes / plans launched during the current half year and hence opening Unit Capital, Net Assets and NAV Per unit for the period are not available.!Indicates there are no investors in the Option^Weighted Average net assets are calculated from the date of Inflows^^Weighted Average net assets are calculated from the date of AllotmentSchemes performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio~Total Recurring expenses as a percentage of daily average net assets includes 1.39% towards Initial Issue expenses w/off during the period~~Total Recurring expenses as a percentage of daily average net assets includes 0.44% towards Initial Issue expenses w/off during the period
HSBC Mutual FundUnaudited Half – Yearly Financial Results for the period ended 31 March 2007 as per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
No. Equity India Midcap Advantage Tax Saver Unique Income Fund Income Cash Liquid Gilt Fund MIP MIP Floating Rate Floating Rate Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed
Fund Opportunities Equity India Equity Opportunities -Investment Fund -Short Fund Plus Short Regular Savings Fund - Long Fund - Short Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term
Fund Fund Fund Fund Fund Plan Term Plan Fund Term Plan Plan Plan Term Plan Term Plan Series I Series II Series IV Series V Series VI Series 13 Series IX Series 14 Series 15 Series 21 Series 22 Series 23 Series 24 Series 25 Series 26 Series 27
1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.
2. Details of amounts paid to associates in terms of Regulation 25 (8).(Rupees in Lakhs)
Name of the Payee HEF HCF HIF-IP HIF-ST HGF-ST HMIP-R HMIP-S HMEF HIOF HFRF-LT HFRF-ST HAIF HFTSI HFTSII HFTSIV HFTSV HFTSVI HFTSVII HFTS13 HFTSIX HFTS14 HFTS15 HFTS21 HFTS22 HFTS23 HFTS24 HFTS25 HFTS26 HFTS27 HLPF HTSF HUOF TOTAL
HSBC Securities and Capital Markets (India) Pvt. Ltd.
Clearing Member Charges paid to HSS (Derivatives) 3.68 0.01 0.03 0.42 2.52 4.90 0.22 0.60 12.38
Settlement Charges # 4.87#
Notes@. Indicates less than 0.01# : Charges paid by all the schemes of HSBC Mutual Fund towards settlment of Government Securities transactions through the constituent SGL account.
3. Details of investment in Fixed Deposits with associates in terms of Regulations 25 (8)(Rupees in Crores)
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is on the panel of the bankers with whom HSBC Mutual Fund places money on Fixed Deposits and enters into reverse repo transactions from time to time at competitive rates.
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
HSBC MUTUAL FUND
Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended Investments made by the schemes of HSBC Mutual Fund in Companies or their subsidiaries that have invested more than 5% of the net assets of any scheme
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31,Company HSBC Mutual period ended 2007
Fund in the March 31, (At Market /company/ 2007 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
ICICI Brokerage Services Limited HCF 2,501.35 -(Subsidiary company of ICICI Bank Limited) HFRF 2,501.35 -ICICI Securities Limited HLPF 15,501.05 959.38(Subsidiary company of ICICI Bank Limited) HFTS15 2,643.33 143.87
HCF 1,403.03 1,294.82HIF 935.15 -
ICICI Home Finance Limited HIF 924.61 -(Subsidiary company of ICICI Bank Limited) HFTS15 4,622.03 2,406.91Infosys Technologies Limited HCF HIOF 2,010.71 2,361.82
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31,Company HSBC Mutual period ended 2007
Fund in the March 31, (At Market /company/ 2007 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstandinginvested made by of acquisition as atin by the schemes of during the March 31,Company HSBC Mutual period ended 2007
Fund in the March 31, (At Market /company/ 2007 Fair Value)subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
State Bank of Hyderabad HIF HFRF 2,332.31 -(Subsidary Of State Bank Of India)
State Bank of Bikaner and Jaipur HCF 5,775.27 2,463.64(Subsidary Of State Bank Of India) HLPF 9,592.56 -State Bank of Indore HCF 7,888.65 1,391.55(Subsidary Of State Bank Of India) HIF 7,558.40 -
The above investments comprise equity shares, debentrures / bonds, commercial paper, fixed deposits and other debt instruments.These investments have been made on account of their high credit quality and competitive yield for the investment in fixed income/money market insturments and in case of equity shares because of attractive valuations of these companies.
5. Details of investors holding units in the scheme over 25% of the NAV as on 31 March 2007
Name of Scheme No. of holders % Holding
HSBC Gilt Fund Short Term Plan 1 39.77
6. No bonus was declared during the reporting period.7. Deferred Revenue ExpenditureDeferred Revenue Expenditure (DRE) includes all expenses incurred in relation to the initial issue of units of the relevant scheme.
(Rs. In lakhs)
Name of the Scheme Deferred Revenue Balance of DeferredExpenditure Written off Revenue Expenditure as on
during the half year March 31, 2007
HSBC Midcap Equity Fund 18.87 119.11
HSBC Advantage India Fund 946.24 866.14
HSBC Unique Opportunities Fund 25.58 2,523.18
8. During the reporting period, no borrowing was carried out by HSBC Mutual Fund
9. Details of Schemes which have outstanding Derivative (OIS) position as on March 31, 2007
Name of the Scheme Notional Value (In Lakhs) % to Net Assets
HSBC Equity Fund 448.25 0.48%
HSBC MIP Regular Plan 65.18 1.37%
HSBC MIP Saving Plan 143.35 2.23%
HSBC Unique Opportunities Fund 438.24 0.67%
HSBC Cash Fund 10,000.00 5.32%
The above results have been compiled for all schemes plans which existed during the half year ended March 31, 2007During the period there have been no investments in foreign securitiesThe above unaudited financial results have been approved by the Directors of HSBC Asset Management (India) Private Limited andBoard of Trustees of HSBC Mutual Fund.
Mumbai :For and on behlaf of the Board of Directors of For and on behalf of the Board of Trustees ofHSBC Asset Management (India) Private Limited HSBC Mutual Fund
5 Shriram Transport Finance Company Limited 370 1,756.86 0.93 IND F1+6 ICICI Securities Limited 270 1,294.82 0.69 P1+7 L & T Finance Limited 200 936.17 0.50 PR1+8 Jindal Steel & Power Limited 100 480.55 0.26 A1+9 GE Money Housing Finance Limited 70 333.89 0.18 P1+
10 GE Money Financial Services Limited 10 49.03 0.03 P1+11 DSP Merrill Lynch Capital Limited 8 39.22 0.02 P1+
Total 15,431.36 8.20b) Certificate of Deposit1 ICICI Bank Limited 6,500 5,901.07 3.14 A1+2 ICICI Bank Limited 6,000 5,457.75 2.90 A1+3 Industrial Development Bank Of India Limited 5,500 5,262.17 2.80 A1+
HSBC MUTUAL FUND - HSBC CASH FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
HEF - HSBC Equity Fund
HIOF - HSBC India Opportunities Fund
HIF - HSBC Income Fund
HCF - HSBC Cash Fund
HMIP - HSBC MIP
HFRF - HSBC Floating Rate Fund
HMEF - HSBC Midcap Equity Fund
HAIF - HSBC Advantage India Fund
HFTSI - HSBC Fixed Term Series I
HFTSIII - HSBC Fixed Term Series III
HFTSIV - HSBC Fixed Term Series IV
HFTSVII - HSBC Fixed Term Series VII
HFTSVIII - HSBC Fixed Term Series VIII
HFTSIX - HSBC Fixed Term Series IX
HFTS13 - HSBC Fixed Term Series 13
HFTS14 - HSBC Fixed Term Series 14
HFTS15 - HSBC Fixed Term Series 15
HFTS21 - HSBC Fixed Term Series 21
HLPF - HSBC Liquid Plus Fund
HTSF - HSBC Tax Saver Equity Fund
HFTS22 - HSBC Fixed Term Series 22
HFTS23 - HSBC Fixed Term Series 23
HFTS24 - HSBC Fixed Term Series 24
HFTS25 - HSBC Fixed Term Series 25
HFTS26 - HSBC Fixed Term Series 26
HFTS27 - HSBC Fixed Term Series 27
HUOF - HSBC Unique Opportunities Fund
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
1 Equity & Equity Related InstrumentsListed / Awaiting listing on Stock ExchangesAIRLINES
1 Aditya Birla Nuvo Limited 207,000 2,216.76 3.42Total 55,341.27 85.26
2 Money Market Instrumentsa) Commercial Papers1 State Bank Of Mysore 1,000 914.95 1.41 A1+
Total 914.95 1.41
HSBC MUTUAL FUND – HSBC ADVANTAGE INDIA FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
4 UTI Bank Limited 5,000 4,919.53 2.62 A1+5 State Bank Of Mysore 5,000 4,903.82 2.61 A1+6 Punjab National Bank 5,000 4,894.41 2.60 A1+7 State Bank Of Saurashtra 5,000 4,805.64 2.56 A1+8 State Bank Of Travancore 5,000 4,571.24 2.43 P1+9 Union Bank Of India 5,000 4,570.31 2.43 A1+
10 State Bank Of Patiala 4,300 4,110.14 2.19 A1+11 Kotak Mahindra Bank Limited 4,100 4,051.96 2.15 P1+12 Allahabad Bank 4,000 3,685.68 1.96 PR1+13 State Bank Of Travancore 3,500 3,419.50 1.82 P1+14 Industrial Development Bank Of India Limited 2,750 2,501.10 1.33 A1+15 Yes Bank Limited 2,500 2,500.00 1.33 P1+16 Yes Bank Limited* 2,500 2,500.00 1.33 A1+17 State Bank Of Bikaner And Jaipur 2,500 2,463.64 1.31 P1+18 ABN Amro Bank Limited 2,500 2,399.29 1.28 A1+19 ABN Amro Bank Limited 2,350 2,238.49 1.19 A1+20 ICICI Bank Limited 1,700 1,547.30 0.82 A1+21 Kotak Mahindra Bank Limited 1,500 1,500.00 0.80 P1+22 Yes Bank Limited 1,500 1,500.00 0.80 A1+23 Kotak Mahindra Bank Limited 1,500 1,440.19 0.77 P1+24 State Bank Of Indore 1,400 1,391.55 0.74 P1+25 State Bank Of Mysore 950 869.21 0.46 A1+26 Karur Vysya Bank Limited 805 801.42 0.43 IND F1+27 UCO Bank 400 363.70 0.19 A1+28 The Jammu And Kashmir Bank Limited 350 334.04 0.18 P1+
Total 84,903.15 45.14c) Bill Rediscounted
Total - -Total Money Market Instruments 100,334.51 53.35
Notional amount of Interest Rate Swap Outstanidng is Rs. 100 crs.* Denotes securities underlying for IRS and the Notional amount of Interest Swap Outstanding is Rs. 100 Crs.** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations andGuidelines.
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
aii) Non Traded / Thinly Traded**1 Industrial Development Bank Of India Limited 200 2,001.44 8.33 AA+2 Mahindra & Mahindra Financial Services Limited 200 2,000.00 8.33 AA+3 Housing Development Finance Corporation Limited 150 1,511.62 6.29 LAAA4 ICICI Bank Limited 150 1,505.06 6.27 AAA5 Citicorp Finance India Limited 150 1,500.00 6.25 AAA6 Citicorp Finance India Limited 100 1,000.00 4.16 AAA7 Citicorp Finance India Limited 100 1,000.00 4.16 AAA8 Indian Railway Finance Corporation Limited 100 999.65 4.16 AAA9 Mahindra & Mahindra Financial Services Limited 50 500.50 2.08 AA+
10 Industrial Development Bank Of India Limited 10 102.56 0.43 AA+Total 12,120.82 50.47
b) Privately Placed / Unlisted**1 GE Money Financial Services Limited 10 1,000.00 4.16 AAA
Total 1,000.00 4.163 Securitised Debt (Unlisted)
a) TradedTotal - -
b) Non Traded / Thinly Traded**1 UBLTrust Series 22 (DSP Merrill Lynch Capital) PTC 10 999.95 4.16 A+2 GACL Loan Receivable Trust II (Citibank) PTC 10 932.65 3.88 AAA(SO)3 Fleet Trust June 2005 Series A1 (CFIL) PTC 25 284.97 1.19 AAA(SO)
Total 2,217.57 9.234 Money Market Instruments
a) Commercial Papers1 GE Money Housing Finance Limited 500 2,384.89 9.93 P1+2 Rabo India Finance Limited 80 393.90 1.64 P1+
Total 2,778.80 11.57b) Certificate of Deposit1 ABM Amro Bank Limited 2,500 2,386.08 9.94 A1+2 ICICI Bank Limited 1,500 1,365.26 5.69 A1+3 Allahabad Bank 1,000 915.04 3.81 PR1+4 Canara Bank 700 638.08 2.66 P1+5 State Bank Of Patiala 300 286.75 1.19 A1+6 UCO Bank 50 45.46 0.19 A1+
Total 5,636.69 23.47Total Money Market Instruments 8,415.48 35.04
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC FLOATING RATE FUND - SHORT TERM PLANHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assests
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited 10 96.72 1.60 AAA
Total 96.72 1.60b) Privately Placed / Unlisted**
Total - -2 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
1 Power Finance Corporation Limited 100 1,000.44 16.53 AAA2 Industrial Development Bank Of India Limited 40 410.22 6.78 AA+3 Citicorp Finance India Limited 30 300.00 4.96 AAA
Total 1,710.66 28.27b) Privately Placed / Unlisted**
Total - -3 Securitised Debt (Unlisted)
a) TradedTotal - -
b) Non Traded / Thinly Traded**1 Fleet Trust June 2005 Series A2 (CFIL) PTC 6 464.75 7.68 AAA(SO)2 UBLTrust Series 22 (DSP Merrill Lynch Capital) PTC 4 399.98 6.61 A+
Total 864.73 14.294 Money Market Instruments
a) Commercial PapersTotal - -
b) Certificate of Deposit1 Kotak Mahindra Bank Limited 1,000 1,000.00 16.52 P1+2 State Bank Of Patiala 700 669.09 11.06 A1+3 Canara Bank 700 638.08 10.54 P1+4 ABM Amro Bank Limited 500 477.22 7.89 A1+5 ICICI Bank Limited 500 455.09 7.52 A1+
Total 3,239.48 53.53Total Money Market Instruments 3,239.48 53.53
AUTO ANCILLARIES1 Amtek Auto Limited 600,000 2,208.60 2.36
BANKS1 Punjab National Bank 625,839 2,967.73 3.172 HDFC Bank Limited 193,703 1,848.22 1.973 State Bank Of India 155,595 1,547.31 1.654 ICICI Bank Limited 175,000 1,493.36 1.595 Bank Of India 871,076 1,461.67 1.56
a) Commercial Papers1 State Bank Of Mysore 1,500 1,372.43 1.46 A1+
Total 1,372.43 1.46b) Certificate of Deposit
Total - -Total Money Market Instruments 1,372.43 1.46
3 MUTUAL FUNDS1 HSBC Cash Fund - Institutional Plus Growth Option 76,235,007 9,003.66 9.614 Fixed Deposits** 2,000.00 2.135 Reverse Repos 5,020.88 5.366 Net Receivable / (Payable) -1,871.53 -2.00
Net Assets as on March 31, 2007 93,695.03 100.00
** Fixed deposits are placed as Margin Deposit for Futures and OptionsTotal outstanding exposure in derivatives as on March 31,2007 is Rs.448.25(Notional value in lakhs).
HSBC MUTUAL FUND – HSBC EQUITY FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
HSBC MUTUAL FUND – HSBC INDIA OPPORTUNITIES FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
1 Equity & Equity Related InstrumentsListed / Awaiting listing on Stock ExchangesAIRLINES
TEXTILE PRODUCTS1 Aditya Birla Nuvo Limited 2,206 23.62 0.50
Total 448.2 19.452 Debt Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
1 Citi Financial Consumer Finance India Limited 60 580.341 2.23 AAA2 Sundaram Finance Limited 45 437.56 9.22 AA+3 National Bank For Agricultural And Rural Development Limited 37 358.79 7.56 AAA4 Housing Development Finance Corporation Limited 30 284.68 6.00 AAA
Total 1,66 1.363 5.02b) Privately Placed / Unlisted**
Total - -3 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -b) Non Traded / Thinly traded**1 Indian Retail ABS Trust 63 Series A2 (ICICI Bank) PTC 76 16.89 13.00 LAAA2 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 11 502.80 10.60 AAA(SO)3 Indian Corporate Loan Securitisation Trust Series – IX(Yes Bank) PTC 3 300.05 6.32 AA(SO)4 TAS Trust -Series II A2 (Tata Tea) PTC 1 103.03 2.17 A1+(SO)5 GECSI Loan Series I Class D (IRFC) PTC 1 98.97 2.09 AAA(SO)6 SCB Long Bond Receivables Trust 2006 Series A2
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.*** Fixed deposits are placed as Margin Deposit for Futures and OptionsTotal outstanding exposure in derivatives as on March 31,2007 is Rs. 65.18 (Notional value In Lakhs).
HSBC MUTUAL FUND – HSBC MIP REGULAR PLANHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
HSBC MUTUAL FUND – HSBC GILT FUND SHORT TERM PLANHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Housing Development Finance Corporation Limited 35 341.06 13.15 AAA2 Citi Financial Consumer Finance India Limited 35 338.53 13.05 AAA3 National Bank For Agricultural And Rural Development Limited 27 261.82 10.09 AAA4 Sundaram Finance Limited 20 194.47 7.50 AA+
Total 1,135.88 43.79b) Privately Placed / Unlisted**
Total - -2 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -3 Securitised Debt (Unlisted)
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 SCB Long Bond Receivables Trust 2006 Series A2
(Standard Chartered Investments and Loans(India)) PTC 4 356.95 13.76 AAA(SO)2 GECSI Loan Series I Class D (IRFC) PTC 3 296.92 11.45 AAA(SO)3 India MBS 2002Series I-D (LICHFL) PTC 5 88.60 3.42 AAA(SO)
Total 742.47 28.634 Government Securities1 7.37% GOI Bonds 2014 600,000 579.00 22.32 Sovereign2 5.59% GOI Bonds 2016 400 0.34 0.01 Sovereign
Total 579.34 22.345 Money Market Instruments
a) Commercial PapersTotal - -
b) Certificate of DepositTotal - -Total Money Market Instruments - -
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC INCOME FUND – SHORT TERM PLANHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
HSBC MUTUAL FUND – HSBC Fixed Term Series IHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Canara Bank 300 1,501.23 9.76 AAA2 Citi Financial Consumer Finance India Limited 150 1,488.69 9.67 AAA3 Mahindra & Mahindra Financial Services Limited 140 1,397.60 9.08 AA+(SO)4 Citi Financial Consumer Finance India Limited 100 998.98 6.49 AAA5 Kotak Mahindra Prime Limited 100 995.43 6.47 LAA6 Housing Development Finance Corporation Limited 50 500.39 3.25 AAA7 Exim Bank Limited 5 500.24 3.25 AAA8 Power Grid Corporation Of India Limited 40 499.09 3.24 AAA9 Exim Bank Limited 50 495.10 3.22 AAA
Total 8,376.76 54.43
b) Privately Placed / Unlisted**1 Rabo India Finance Limited 280 2,795.19 18.16 AAA2 GE Money Financial Services Limited 28 2,795.23 18.16 AAA
Total 5,590.42 36.332 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -3 Money Market Instruments
a) Commercial PapersTotal - -
b) Certificate of Deposit1 Kotak Mahindra Bank Limited 900 890.12 5.78 P1+2 State Bank Of Indore Limited 50 49.70 0.32 P1+3 Karur Vysya Bank Limited 10 9.96 0.06 IND F1+
Total 949.78 6.17Total Money Market Instruments 949.78 6.17
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.*** Fixed deposits are placed as Margin Deposit for Futures and OptionsTotal outstanding exposure in derivatives as on March 31,2007 is Rs. 143.35 (Notional value In Lakhs).
HSBC MUTUAL FUND – HSBC MIP SAVINGS PLANHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) NAV
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
Total 3,000.07 12.582 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -3 Money Market Instruments
a) Commercial Papers1 IL & FS Limited 300 1,499.35 6.29 PR1+2 Rabo India Finance Limited 100 492.38 2.06 P1+
Total 1,991.73 8.35b) Certificate of Deposit1 UCO Bank 4,500 4,447.58 18.65 P1+2 ING Vysya Bank Limited 4,000 3,959.75 16.60 P1+3 Indian Bank 2,500 2,495.93 10.47 IND F1+4 State Bank Of Indore 2,000 1,987.96 8.34 P1+5 Karur Vysya Bank Limited 100 99.56 0.42 IND F1+
Total 12,990.77 54.47Total Money Market Instruments 14,982.50 62.82
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC FIXED TERM SERIES VHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 GE Capital Services Limited 40 4,235.24 11.52 AAA2 Sundaram Finance Limited 300 2,990.27 8.13 P1+
Total 7,225.51 19.65b) Privately Placed / Unlisted**1 GE Money Financial Services Limited 40 4,234.95 11.52 AAA
Total 4,234.95 11.522 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -3 Securitised Debt (Unlisted)
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Indian Corporate Loan Securitisation Trust Series VI (Yes Bank) PTC 50 5,023.43 13.66 A1+(SO)
Total 5,023.43 13.664 Money Market Instruments
a) Commercial Papers1 DSP Merrill Lynch Capital Limited 972 4,765.41 12.96 P1+2 Standard Chartered Investments And Loans Limited 600 2,946.95 8.02 P1+3 GE Money Financial Services Limited 110 539.31 1.47 P1+
Total 8,251.66 22.44b) Certificate of Deposit1 Federal Bank Limited 6,500 6,378.30 17.35 P1+2 Kotak Mahindra Bank Limited 3,000 2,945.71 8.01 P1+3 ICICI Bank Limited 2,500 2,454.25 6.68 A1+
HSBC MUTUAL FUND – HSBC FIXED TERM SERIES IXHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
HSBC MUTUAL FUND – HSBC FIXED TERM SERIES IXHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
4 Karur Vysya Bank Limited 40 39.82 0.11 IND F1+Total 11,818.08 32.14Total Money Market Instruments 20,069.75 54.59
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC MUTUAL FUND – HSBC FIXED TERM SERIES 15Half Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**Total - -
b) Privately Placed / Unlisted**1 DSP Merrill Lynch Capital Limited 500 4,930.28 15.14 P1+(SO)2 SREI Infrastructure Finance Limited 400 3,944.15 12.11 PR1+3 GE Capital Services Limited 30 3,082.14 9.47 AAA4 GE Money Financial Services Limited 30 2,959.56 9.09 AAA5 Shriram Transport Finance Company Limited 100,000 987.18 3.03 IND F1+6 Shriram Transport Finance Company Limited 100,000 984.35 3.02 IND AA-7 Shriram Transport Finance Company Limited 50,000 518.31 1.59 AA-8 Shriram Transport Finance Company Limited 50,000 493.37 1.52 IND F1+
Total 17,899.34 54.972 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -3 Securitised Debt (Unlisted)
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 60 5,940.68 18.25 LAAA2 Retail Trust September 2006 Series A2 (HDFC Bank) PTC 30 2,991.98 9.19 A1+(SO)3 Indian Corporate Loan Securitisation Trust Series – IX(Yes Bank) PTC 5 500.09 1.54 AA(SO)
Total 9,432.75 28.974 Money Market Instruments
a) Commercial Papers1 ICICI Home Finance Limited 500 2,406.91 7.39 A1+2 ICICI Securities Limited 30 143.87 0.44 P1+3 DSP Merrill Lynch Capital Limited 15 73.54 0.23 P1+
Total 2,624.32 8.06b) Certificate of Deposit1 ICICI Bank Limited 1,900 1,829.66 5.62 A1+2 Karur Vysya Bank Limited 100 99.56 0.31 IND F1+
Total 1,929.22 5.93Total Money Market Instruments 4,553.53 13.99
a) Commercial Papers1 GE Money Housing Finance Limited 430 2,051.01 19.62 P1+2 GE Money Financial Services Limited 430 2,044.97 19.56 P1+3 Shriram Transport Finance Company Limited 430 2,041.76 19.53 IND F1+
Total 6,137.74 58.70b) Certificate of Deposit1 ABN Amro Bank Limited 2,150 2,047.98 19.59 A1+2 Standard Chartered Bank Limited 2,150 2,045.43 19.56 P1+3 The Jammu And Kashmir Bank Limited 200 190.88 1.83 P1+
Total 4,284.29 40.97Total Money Market Instruments 10,422.04 99.67
AUTO ANCILLARIES1 Amtek India Limited 759,631 1,052.09 1.622 Ceat Limited 396,782 427.93 0.66
BANKS1 IDBI Bank Limited 2,293,000 1,779.37 2.742 Dena Bank 2,506,850 878.65 1.353 Bank Of India 400,000 671.20 1.034 Yes Bank Limited 177,336 248.27 0.38
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
aii) Non Traded / Thinly Traded**Total - -
3 Securitised Debt (Unlisted)ai) Traded
Total - -aii) Non Traded / Thinly Traded**
Total - -4 Money Market Instruments
a) Commercial Papers1 GE Capital Transportation Financial Services Limited 300 1,354.93 14.12 A1+
Total 1,354.93 14.12b) Certificate of Deposit1 TML Financial Services Limited 400 1,810.47 18.86 P1+2 Centurion Bank Of Punjab Limited 2,000 1,809.13 18.85 IND F1+3 ICICI Bank Limited 2,000 1,807.73 18.83 A1+4 UCO Bank 1,100 1,000.19 10.42 A1+5 Industrial Development Bank Of India Limited 750 682.12 7.11 A1+
Total 7,109.64 74.07Total Money Market Instruments 8,464.57 88.19
a) Commercial Papers1 State Bank Of Patiala 7,200 6,913.68 10.63 A1+2 State Bank Of Mysore 7,500 6,817.40 10.48 A1+3 State Bank Of Travancore 5,000 4,920.95 7.57 P1+4 Industrial Development Bank Of India Limited 1,500 1,364.24 2.10 A1+
Total 20,016.26 30.78b) Certificate of Deposit
Total - -Total Money Market Instruments 20,016.26 30.78
3 MUTUAL FUNDS1 HSBC Cash Fund - Institutional Plus Growth Option 38,117,503 4,501.83 6.924 Fixed Deposits **1,360.00 2.095 Reverse Repos 218.89 0.346 Net Receivable / (Payable) -2,630.23 -4.05
Net Assets as on March 31, 2007 65,023.69 100.00
** Fixed deposits are placed as Margin Deposit for Futures and OptionsTotal outstanding exposure in derivatives as on March 31,2007 is Rs. 438.24 (Notional value In Lakhs).
HSBC MUTUAL FUND – HSBC LIQUID PLUS FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
1 Debt Instrumentsa) Listed / Awaiting listing on Stock Exchanges
ai) TradedTotal - -
aii) Non Traded / Thinly Traded**1 Citi Financial Consumer Finance India Limited 50 496.23 0.40 AAA2 Citi Financial Consumer Finance India Limited 15 145.08 0.12 AAA3 National Bank For Agricultural And Rural Development Limited 7 67.88 0.05 AAA
Total 709.19 0.57b) Privately Placed / Unlisted**1 L & T Finance Limited 30 3,000.00 2.40 Unrated2 Emaar MGF Land And Private Limited 25 2,500.00 2.00 Unrated
Total 5,500.00 4.402 MIBOR Linked / Floating Rate Instruments
a) Listed / Awaiting listing on Stock Exchangesai) Traded
Total - -aii) Non Traded / Thinly Traded**
1 Citicorp Finance India Limited 250 2,500.69 2.00 AAA2 Cholamandalam DBS Finance Limited 250 2,500.00 2.00 LAA3 Citicorp Maruti Finance Limited 250 2,500.00 2.00 AAA4 GE Capital Services Limited 25 2,500.00 2.00 AAA5 Infrastructure Development Finance Company Limited 220 2,202.00 1.76 AAA6 Power Finance Corporation Limited 150 1,500.66 1.20 AAA7 UTI Bank Limited 150 1,500.60 1.20 LAA+8 Citicorp Finance India Limited 120 1,200.00 0.96 AAA9 Housing Development Finance Corporation Limited 50 504.88 0.40 LAAA
b) Non Traded / Thinly Traded**1 UBLTrust Series 22 (DSP Merrill Lynch Capital) PTC 26 2,599.86 2.08 A+2 IGHCC2 Loan Trust Series I (GE Capital) PTC 25 2,500.00 2.00 AA+(SO)3 Fleet Trust June 2005 Series A2 (CFIL) PTC 19 1,471.72 1.18 AAA(SO)4 BHPC Auto Securitisation Trust May 2005 II Series A3 (Tata Motors) PTC 15 1,315.48 1.05 AAA(SO)5 TAS Trust -Series II A2 (Tata Tea) PTC 11 1,133.29 0.91 A1+(SO)6 Corporate Loan Securitisation Series XXIX Trust 2006 (Kotak Mahindra Prime) PTC 11 1,104.25 0.88 AA(SO)7 Corporate Loan Securitisation Series XIII Trust 2006 (Kotak Mahindra Bank) PTC 8 803.46 0.64 P1+(SO)8 UBL Trust Series 27 (DSP Merrill Lynch) PTC 8 795.98 0.64 A1+(SO)9 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 15 685.63 0.55 AAA(SO)
10 Indian Retail ABS Trust Series XXXVII A1 (ICICI Bank) PTC 25 260.79 0.21 AAA(SO)11 Indian Corporate Loan Securitisation Trust Series – IX(Yes Bank) PTC 2 200.04 0.16 AA(SO)12 UBL Trust Series 28 (DSP Merrill Lynch) PTC 2 199.75 0.16 A1+(SO)13 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 2 198.02 0.16 LAAA14 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 5 50.95 0.04AAA(IND)(SO)
Total 13,319.23 10.654 Money Market Instruments
a) Commercial Papers1 GE Money Financial Services Limited 570 2,710.78 2.17 P1+2 Kotak Securities Limited 500 2,363.85 1.89 A1+3 Rabo India Finance Limited 340 1,674.09 1.34 P1+4 GE Money Financial Services Limited 300 1,468.05 1.17 P1+5 Jindal Steel & Power Limited 300 1,441.65 1.15 A1+6 L & T Finance Limited 300 1,403.77 1.12 PR1+7 Bajaj Auto Finance Limited 200 960.95 0.77 P1+8 ICICI Securities Limited 200 959.38 0.77 P1+9 GE Money Financial Services Limited 60 294.17 0.24 P1+
Total 13,276.69 10.61b) Certificate of Deposit1 State Bank Of Mysore 5,000 4,833.70 3.86 A1+2 Federal Bank Limited 5,000 4,647.45 3.71 P1+3 Allahabad Bank 5,000 4,547.66 3.63 PR1+4 ICICI Bank Limited 4,000 3,638.50 2.91 A1+5 Kotak Mahindra Bank Limited 3,500 3,360.54 2.69 P1+6 ICICI Bank Limited 3,500 3,177.50 2.54 A1+7 UTI Bank Limited 2,500 2,414.20 1.93 P1+8 ABN Amro Bank Limited 2,500 2,401.83 1.92 A1+
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
HSBC MUTUAL FUND – HSBC LIQUID PLUS FUNDHalf Yearly Portfolio Statement as of March 31, 2007
Sr. Name of the Instrument Quantity Market Value % age to RatingNo. (Rs in Lacs) Net Assets
9 Kotak Mahindra Bank Limited 2,500 2,303.19 1.84 P1+10 State Bank Of Mysore 2,500 2,272.47 1.82 A1+11 ICICI Bank Limited 2,100 2,022.25 1.62 A1+12 UCO Bank 2,200 2,000.37 1.60 A1+13 ABN Amro Bank Limited 2,000 1,908.93 1.53 A1+14 The Jammu And Kashmir Bank Limited 1,950 1,861.10 1.49 P1+15 Standard Chartered Bank Limited 1,850 1,760.02 1.41 P1+16 ABN Amro Bank Limited 1,500 1,439.58 1.15 A1+17 Allahabad Bank 1,500 1,372.50 1.10 PR1+18 Yes Bank Limited 1,000 1,000.00 0.80 A1+19 ING Vysya Bank Limited 1,000 989.94 0.79 P1+20 Allahabad Bank 1,000 921.42 0.74 PR1+21 State Bank Of Indore 850 844.88 0.68 P1+22 Canara Bank 875 797.60 0.64 P1+23 ICICI Bank Limited 600 546.11 0.44 A1+24 ABN Amro Bank Limited 500 476.27 0.38 A1+25 State Bank Of Mysore 50 45.75 0.04 A1+
Total 51,583.74 41.23c) Bill Rediscounted
Total - -Total Money Market Instruments 64,860.43 51.84
** Securities are classified as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
Details of Portfolio Turnover Ratio and Average Maturity
Scheme/Plan Name Portfolio turnover during Average Maturitythe half year ended (Months)March31, 2007
HSBC Advantage India Fund 1.40 0.99*HSBC Cash Fund N.A 4.16HSBC Equity Fund 1.15 1.02*HSBC Fixed Term Series - I N.A 2.10HSBC Fixed Term Series - II N.A 5.43HSBC Fixed Term Series - IV N.A 0.22HSBC Fixed Term Series - V N.A 5.01HSBC Fixed Term Series - VI N.A 5.76HSBC Fixed Term Series - IX N.A 3.01HSBC Fixed Term Series - 13 N.A 1.10HSBC Fixed Term Series - 14 N.A 5.41HSBC Fixed Term Series - 15 N.A 6.28HSBC Fixed Term Series - 21 N.A 11.71HSBC Fixed Term Series - 22 N.A 15.03HSBC Fixed Term Series - 23 N.A 12.70HSBC Fixed Term Series - 24 N.A 20.75HSBC Fixed Term Series - 25 N.A 12.21HSBC Fixed Term Series - 26 N.A 5.69HSBC Fixed Term Series - 27 N.A 10.40HSBC Floating Rate Fund - Long Term Plan N.A 4.98HSBC Floating Rate Fund - Short Term Plan N.A 4.32HSBC Gilt Fund - Short Term Plan N.A 0.09HSBC Income Fund - Investment Plan N.A 36.13HSBC Income Fund - Short Term Plan N.A 27.13HSBC India Opportunities Fund 0.93 1.03*HSBC Midcap Equity Fund 1.33 0.32*HSBC Liquid Plus Fund N.A 5.26HSBC Tax Saver Fund 1.45 0.26*HSBC Unique Opportunities Fund 0.88 4.81*HSBC MIP - Regular Plan 0.35 23.29*HSBC MIP - Savings Plan 0.56 22.80*
* Indicates average maturity for the Debt portion of the portfolio
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 31 March, 2007)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
HSBC Income Fund - Investment Plan -Regular Option - Dividend 15-Dec-06 0.12278000 1.23% 0.11434000 1.14%HSBC Income Fund - Investment Plan -Regular Option - Dividend 16-Mar-07 0.06139000 0.61% 0.05717000 0.57%HSBC Income Fund - Short Term Plan -Regular Option - Dividend 27-Oct-06 0.04385000 0.44% 0.04084000 0.41%HSBC Income Fund - Short Term Plan -Regular Option - Dividend 24-Nov-06 0.30519623 3.05% 0.28422084 2.84%HSBC Income Fund - Short Term Plan -Regular Option - Dividend 29-Dec-06 0.01911717 0.19% 0.01780329 0.18%HSBC Income Fund - Short Term Plan -Regular Option - Dividend 25-Jan-07 0.02210265 0.22% 0.02058359 0.21%HSBC Income Fund - Short Term Plan -Institutional Option - Dividend 27-Oct-06 0.04385000 0.44% 0.04084000 0.41%HSBC Income Fund - Short Term Plan -Institutional Option - Dividend 24-Nov-06 0.06706651 0.67% 0.06245720 0.62%HSBC Income Fund - Short Term Plan -Institutional Option - Dividend 29-Dec-06 0.02855623 0.29% 0.02659363 0.27%HSBC Income Fund - Short Term Plan -Institutional Option - Dividend 25-Jan-07 0.03955268 0.40% 0.03683432 0.37%HSBC Income Fund - Short Term Plan -Institutional Option - Weekly Dividend $ For November 06 * - 0.00% 0.02671017 0.27%HSBC Income Fund - Short Term Plan -Institutional Option - Weekly Dividend $ For December 06 * - 0.00% 0.03267127 0.33%HSBC Income Fund - Short Term Plan -Institutional Option - Weekly Dividend $ For January 07 * - 0.00% 0.03098448 0.31%HSBC Income Fund - Short Term Plan -Institutional Option - Weekly Dividend $ For February 07 * - 0.00% 0.01493215 0.15%HSBC Income Fund - Short Term Plan -Regular Option - Weekly Dividend $ For November 06 * - 0.00% 0.01052535 0.11%HSBC Income Fund - Short Term Plan -Regular Option - Weekly Dividend $ For December 06 * 0.00870307 0.09% 0.03079976 0.31%HSBC Income Fund - Short Term Plan -Regular Option - Weekly Dividend $ For January 07 * 0.02234781 0.22% 0.02776635 0.28%HSBC Income Fund - Short Term Plan -Regular Option - Weekly Dividend $ For February 07 * - 0.00% 0.01420603 0.14%HSBC Equity Fund - Dividend 6-Oct-06 2.00000000 20.00% 2.00000000 20.00%HSBC Equity Fund - Dividend 16-Mar-07 2.00000000 20.00% 2.00000000 20.00%HSBC India Opportunities Fund - Dividend 6-Oct-06 1.50000000 15.00% 1.50000000 15.00%HSBC India Opportunities Fund - Dividend 16-Mar-07 1.50000000 15.00% 1.50000000 15.00%HSBC Midcap Equity Fund - Dividend 6-Oct-06 1.00000000 10.00% 1.00000000 10.00%HSBC Midcap Equity Fund - Dividend 16-Mar-07 1.00000000 10.00% 1.00000000 10.00%HSBC Fixed Term Series - IV 30-Mar-07 0.72818850 7.28% 0.67814190 6.78%HSBC Fixed Term Series -14 - Regular Dividend 15-Dec-06 0.19776364 1.98% 0.18417184 1.84%HSBC Fixed Term Series -14 - Regular Dividend 16-Mar-07 0.14970638 1.50% 0.13941743 1.39%HSBC Fixed Term Series - 15 - Regular Dividend 15-Dec-06 0.11743039 1.17% 0.10935969 1.09%HSBC Fixed Term Series - 15 - Regular Dividend 16-Mar-07 0.09909666 0.99% 0.09228599 0.92%HSBC Fixed Term Series - 15 - Institutional Dividend 15-Dec-06 0.12506029 1.25% 0.11646521 1.16%HSBC Fixed Term Series - 15 - Institutional Dividend 16-Mar-07 0.10802984 1.08% 0.10060522 1.01%HSBC Fixed Term Series - 23 - Regular Dividend 16-Mar-07 0.03900741 0.39% 0.03632653 0.36%HSBC Fixed Term Series - 23 - Regular DividendHSBC Fixed Term Series - 23 - Institutional Dividend 16-Mar-07 0.04070827 0.41% 0.03791049 0.38%HSBC Fixed Term Series - 21 - Regular Dividend 16-Mar-07 0.03923763 0.39% - 0.00%HSBC Fixed Term Series - 21 - Institutional Dividend 16-Mar-07 0.04775670 0.48% - 0.00%HSBC Fixed Term Series - 22 - Regular Dividend 16-Mar-07 0.01600926 0.16% 0.01490898 0.15%HSBC Cash Fund - Regular Option -Daily Dividend For October 06 * 0.05141056 0.51% 0.04787722 0.48%HSBC Cash Fund - Regular Option -Daily Dividend For November 06 * 0.04919029 0.49% 0.04580952 0.46%HSBC Cash Fund - Regular Option -Daily Dividend For December 06 * 0.05014581 0.50% 0.04669939 0.47%HSBC Cash Fund - Regular Option -Daily Dividend For January 07 * 0.05920710 0.59% 0.05513796 0.55%HSBC Cash Fund - Regular Option -Daily Dividend For February 07 * 0.04920654 0.49% 0.04582470 0.46%HSBC Cash Fund - Regular Option -Daily Dividend For March 07 * 0.06715354 0.67% 0.06253824 0.63%HSBC Cash Fund - Regular Option -Weekly Dividend For October 06 * 0.04415028 0.44% 0.04111593 0.41%HSBC Cash Fund - Regular Option -Weekly Dividend For November 06 * 0.04500532 0.45% 0.04191221 0.42%HSBC Cash Fund - Regular Option -Weekly Dividend For December 06 * 0.05867153 0.59% 0.05463916 0.55%HSBC Cash Fund - Regular Option -Weekly Dividend For January 07 * 0.04788368 0.48% 0.04459275 0.45%HSBC Cash Fund - Regular Option -Weekly Dividend For February 07 * 0.05023126 0.50% 0.04677899 0.47%HSBC Cash Fund - Regular Option -Weekly Dividend For March 07 * 0.07092449 0.71% 0.06605002 0.66%HSBC Cash Fund - Institutional Option -Daily Dividend For October 06 * 0.05344915 0.53% 0.04977572 0.50%HSBC Cash Fund - Institutional Option -Daily Dividend For November 06 * 0.05148674 0.51% 0.04794820 0.48%HSBC Cash Fund - Institutional Option -Daily Dividend For December 06 * 0.05245292 0.52% 0.04884796 0.49%HSBC Cash Fund - Institutional Option -Daily Dividend For January 07 * 0.06188435 0.62% 0.05763119 0.58%HSBC Cash Fund - Institutional Option -Daily Dividend For February 07 * 0.05145313 0.51% 0.04791690 0.48%HSBC Cash Fund - Institutional Option -Daily Dividend For March 07 * 0.06994816 0.70% 0.06514075 0.65%HSBC Cash Fund - Institutional Option -Weekly Dividend For October 06 * 0.04682279 0.47% 0.04360479 0.44%HSBC Cash Fund - Institutional Option -Weekly Dividend For November 06 * 0.04799562 0.48% 0.04469700 0.45%HSBC Cash Fund - Institutional Option -Weekly Dividend For December 06 * 0.06279369 0.63% 0.05847802 0.58%HSBC Cash Fund - Institutional Option -Weekly Dividend For January 07 * 0.05084736 0.51% 0.04735274 0.47%HSBC Cash Fund - Institutional Option - Weekly Dividend For February 07 * 0.05355291 0.54% 0.04987234 0.50%HSBC Cash Fund - Institutional Option -Weekly Dividend For March 07 * 0.07541575 0.75% 0.07023260 0.70%HSBC Cash Fund - Institutional Option -Monthly Dividend 27-Oct-06 0.04693586 0.47% 0.04371007 0.44%HSBC Cash Fund - Institutional Option -Monthly Dividend 24-Nov-06 0.04809860 0.48% 0.04479290 0.45%HSBC Cash Fund - Institutional Option -Monthly Dividend 29-Dec-06 0.06299724 0.63% 0.05866759 0.59%HSBC Cash Fund - Institutional Option -Monthly Dividend 25-Jan-07 0.05096994 0.51% 0.04746690 0.47%HSBC Cash Fund - Institutional Option -Monthly Dividend 23-Feb-07 0.05369006 0.54% 0.05000007 0.50%HSBC Cash Fund - Institutional Option -Monthly Dividend 30-Mar-07 - 0.00% 0.07048901 0.70%HSBC Cash Fund -Institutional Plus Option - Daily Dividend For October 06 * 0.05377372 0.54% 0.05007798 0.50%HSBC Cash Fund -Institutional Plus Option - Daily Dividend For November 06 * 0.05081078 0.51% 0.04731868 0.47%HSBC Cash Fund -Institutional Plus Option - Daily Dividend For December 06 * 0.05166439 0.52% 0.04811360 0.48%
HSBC Cash Fund -Institutional Plus Option - Daily Dividend For January 07 * 0.06089589 0.61% 0.05671065 0.57%HSBC Cash Fund -Institutional Plus Option - Daily Dividend For February 07 * 0.05065834 0.51% 0.04717670 0.47%HSBC Cash Fund -Institutional Plus Option - Daily Dividend For March 07 * 0.06876857 0.69% 0.06404229 0.64%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For October 06 * 0.04714279 0.47% 0.04390278 0.44%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For November 06 * 0.04736393 0.47% 0.04410872 0.44%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For December 06 * 0.06138642 0.61% 0.05716748 0.57%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For January 07 * 0.05044779 0.50% 0.04698063 0.47%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For February 07 * 0.05253658 0.53% 0.04892586 0.49%HSBC Cash Fund -Institutional Plus Option - Weekly Dividend For March 07 * 0.07304753 0.73% 0.06802714 0.68%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 27-Oct-06 - 0.00% 0.04401376 0.44%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 24-Nov-06 - 0.00% 0.04421736 0.44%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 29-Dec-06 0.06200963 0.62% 0.05774786 0.58%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 25-Jan-07 0.05010563 0.50% 0.04666200 0.47%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 23-Feb-07 0.05281153 0.53% 0.04918193 0.49%HSBC Cash Fund -Institutional Plus Option - Monthly Dividend 30-Mar-07 0.07437737 0.74% 0.06926560 0.69%HSBC MIP - Regular Plan - Monthly Dividend 27-Oct-06 0.06139000 0.61% 0.05717000 0.57%HSBC MIP - Regular Plan - Monthly Dividend 24-Nov-06 0.06139000 0.61% 0.05717000 0.57%HSBC MIP - Regular Plan - Monthly Dividend 29-Dec-06 0.06139000 0.61% 0.05717000 0.57%HSBC MIP - Regular Plan - Monthly Dividend 25-Jan-07 0.06139000 0.61% 0.05717000 0.57%HSBC MIP - Regular Plan - Monthly Dividend 23-Feb-07 0.04385000 0.44% 0.04084000 0.41%HSBC MIP - Regular Plan - Monthly Dividend 30-Mar-07 0.04385000 0.44% 0.04084000 0.41%HSBC MIP - Regular Plan - Quaterly Dividend 15-Dec-06 0.21925000 2.19% 0.20418000 2.04%HSBC MIP - Regular Plan - Quaterly Dividend 16-Mar-07 0.17540000 1.75% 0.16335000 1.63%HSBC MIP - Savings Plan - Monthly Dividend 27-Oct-06 0.07016000 0.70% 0.06534000 0.65%HSBC MIP - Savings Plan - Monthly Dividend 24-Nov-06 0.07016000 0.70% 0.06534000 0.65%HSBC MIP - Savings Plan - Monthly Dividend 29-Dec-06 0.07016000 0.70% 0.06534000 0.65%HSBC MIP - Savings Plan - Monthly Dividend 25-Jan-07 0.07016000 0.70% 0.06534000 0.65%HSBC MIP - Savings Plan - Monthly Dividend 23-Feb-07 0.05262000 0.53% 0.04900000 0.49%HSBC MIP - Savings Plan - Monthly Dividend 30-Mar-07 0.05262000 0.53% 0.04900000 0.49%HSBC MIP - Savings Plan - Quaterly Dividend 15-Dec-06 0.26310000 2.63% 0.24502000 2.45%HSBC MIP - Savings Plan - Quaterly Dividend 16-Mar-07 0.19294000 1.93% 0.17968000 1.80%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 27-Oct-06 0.03885113 0.39% 0.03618099 0.36%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 24-Nov-06 0.04042973 0.40% 0.03765109 0.38%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 29-Dec-06 0.05340934 0.53% 0.04973865 0.50%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 25-Jan-07 0.04538725 0.45% 0.04226789 0.42%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 23-Feb-07 0.04619331 0.46% 0.04301856 0.43%HSBC Floating Rate Fund - Long Term Plan-Regular Option - Monthly Dividend 30-Mar-07 0.07912253 0.79% 0.07368463 0.74%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 27-Oct-06 0.03797413 0.38% 0.03536426 0.35%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 24-Nov-06 0.04955054 0.50% 0.04614505 0.46%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 29-Dec-06 0.05893444 0.59% 0.05488402 0.55%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 25-Jan-07 0.04662394 0.47% 0.04341959 0.43%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 23-Feb-07 0.05014685 0.50% 0.04670038 0.47%HSBC Floating Rate Fund - Long Term Plan -Institutional Option -Montly Dividend 30-Mar-07 0.07799761 0.78% 0.07263703 0.73%HSBC Gilt Fund - Short Term Plan-Dividend 27-Oct-06 0.04060513 0.41% - 0.00%HSBC Gilt Fund - Short Term Plan-Dividend 24-Nov-06 0.07866695 0.79% - 0.00%HSBC Gilt Fund - Short Term Plan-Dividend 29-Dec-06 0.05196704 0.52% - 0.00%HSBC Gilt Fund - Short Term Plan-Dividend 23-Feb-07 0.03983319 0.40% - 0.00%HSBC Gilt Fund - Short Term Plan-Dividend 30-Mar-07 0.06622532 0.66% - 0.00%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For October 06 * 0.04884890 0.49% 0.04549172 0.45%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For November 06 * 0.04667283 0.47% 0.04346519 0.43%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For December 06 * 0.04664817 0.47% 0.04344214 0.43%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For January 07 * 0.05715652 0.57% 0.05322829 0.53%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For February 07 * 0.04796593 0.48% 0.04466933 0.45%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Daily Dividend For March 07 * 0.06676583 0.67% 0.06217719 0.62%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For October 06 * 0.04279764 0.43% 0.03985626 0.40%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For November 06 * 0.04362882 0.44% 0.04063031 0.41%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For December 06 * 0.05595137 0.56% 0.05210599 0.52%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For January 07 * 0.04682531 0.47% 0.04360713 0.44%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For February 07 * 0.04992810 0.50% 0.04649667 0.46%HSBC Floating Rate Fund - Short Term Plan -Regular Option - Weekly Dividend For March 07 * 0.07132079 0.71% 0.06641909 0.66%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For October 06 * 0.05046107 0.50% 0.04699301 0.47%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For November 06 * 0.04848731 0.48% 0.04515491 0.45%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For December 06 * 0.04846804 0.48% 0.04513695 0.45%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For January 07 * 0.05870842 0.59% 0.05467354 0.55%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For February 07 * 0.04838636 0.48% 0.04506087 0.45%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Daily Dividend For March 07 * 0.06823361 0.68% 0.06354408 0.64%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For October 06 * 0.04727034 0.47% 0.04402156 0.44%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For November 06 * 0.04772261 0.48% 0.04444276 0.44%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For December 06 * 0.04700499 0.47% 0.04377444 0.44%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For January 07 * 0.04984374 0.50% 0.04641811 0.46%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For February 07 * 0.05350732 0.54% 0.04982989 0.50%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Weekly Dividend For March 07 * 0.07198078 0.72% 0.06703372 0.67%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 27-Oct-06 0.04235913 0.42% 0.03944789 0.39%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 24-Nov-06 0.04621793 0.46% 0.04304149 0.43%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 29-Dec-06 0.05695932 0.57% 0.05304464 0.53%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 25-Jan-07 0.04700207 0.47% 0.04377173 0.44%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 23-Feb-07 0.05127603 0.51% 0.04775195 0.48%HSBC Floating Rate Fund - Short Term Plan -Institutional Option - Monthly Dividend 30-Mar-07 0.07141745 0.71% 0.06650911 0.67%HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For October 06 * 0.05168594 0.52% 0.04813371 0.48%HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For November 06 * 0.04895595 0.49% 0.04559134 0.46%HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For December 06 * 0.04886673 0.49% 0.04550825 0.46%
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 31 March, 2007)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
HSBC Equity Fund - Dividend 28.1204 30.0795HSBC Equity Fund - Growth 67.8588 63.0142HSBC Income Fund - Short Term Plan - Regular Option - Dividend 10.3381 10.6824HSBC Income Fund - Short Term Plan - Regular Option - Growth 12.3912 12.2155HSBC Income Fund - Short Term Plan - Institutional Option - Dividend 9.9754 10.0667HSBC Income Fund - Short Term Plan - Institutional Option - Growth (29 March 2007)* 12.5568 12.3577HSBC Income Fund - Short Term Plan - Institutional Option - Weekly Dividend (14 February 2007) * 9.9908 10.0020HSBC Income Fund - Short Term Plan - Regular Option - Weekly Dividend (21 March 2007)* 9.9324 10.0058HSBC Income Fund - Investment Plan - Regular Option - Dividend 10.2980 10.3710HSBC Income Fund - Investment Plan - Regular Option - Growth 12.3337 12.1726HSBC Income Fund - Investment Plan - Institutional Option - Growth 12.7068 12.4879HSBC Cash Fund - Regular Option- Dividend 10.1930 10.1930HSBC Cash Fund - Regular Option - Growth 12.6096 12.1625HSBC Cash Fund - Institutional Option - Growth 12.6492 12.1923HSBC Cash Fund - Institutional Option - Daily Dividend 10.4401 10.4401HSBC Cash Fund - Institutional Option - Weekly Dividend 10.4701 10.4627HSBC Cash Fund - Institutional Option - Monthly Dividend 10.5391 10.5180HSBC Cash Fund - Institutional Plus Option - Growth 11.8104 11.3707HSBC Cash Fund - Institutional Plus Option - Daily Dividend 10.0056 10.0056HSBC Cash Fund - Institutional Plus Option - Weekly Dividend 10.0264 10.0192HSBC Cash Fund - Institutional Plus Option - Monthly Dividend 10.0931 10.0733HSBC Cash Fund - Regular Option - Weekly Dividend 10.0233 10.0163HSBC Gilt Fund - Short Term Plan - Dividend Option 10.8049 10.7341HSBC Gilt Fund - Short Term Plan - Growth Option 11.1945 10.8744HSBC India Opportunities Fund-Dividend 16.2421 17.7933HSBC India Opportunities Fund-Growth 26.7425 24.4703HSBC Advantage India Fund-Dividend 11.7374 11.2375HSBC Advantage India Fund-Growth 11.7374 11.2375HSBC Floating Rate Fund - Long Term Plan - Regular Option - Dividend 10.0902 10.0586HSBC Floating Rate Fund - Long Term Plan - Regular Option - Growth 11.4580 11.0697HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Growth 11.5143 11.1107HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Weekly Dividend 10.5684 10.1979HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend 10.1210 10.1123HSBC Floating Rate Fund - Short Term Plan - Regular Option - Dividend 10.0000 10.0000HSBC Floating Rate Fund - Short Term Plan - Regular Option - Growth 11.4764 11.0780HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Growth 11.5327 11.1190HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Daily Dividend 10.0159 10.0132HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Weekly Dividend 10.0471 10.0354HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Monthly Dividend 10.1042 10.0779HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Growth (18 January 2007)* 10.7591 10.5341HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Daily Dividend 10.0262 10.0262HSBC Floating Rate Fund - Short Term Plan - Regular Option - Weekly Dividend 10.0218 10.0143HSBC MIP - Regular Plan-Monthly Dividend 10.4375 10.5582HSBC MIP - Regular Plan-Growth 12.2651 11.9462HSBC MIP - Regular Plan-Quarterly Dividend 10.4277 10.5963HSBC MIP - Savings Plan-Monthly Dividend 10.7014 10.8018HSBC MIP - Savings Plan-Growth 13.1146 12.6892HSBC MIP - Savings Plan-Quarterly Dividend 10.7465 10.9025HSBC Midcap Equity Fund-Dividend 13.8256 14.8643HSBC Midcap Equity Fund-Growth 18.1774 17.0015HSBC Fixed Term Series -I -Dividend 10.8456 10.4814HSBC Fixed Term Series -I -Growth 10.8456 10.4814HSBC Fixed Term Series -II -Dividend 10.7635 10.4817HSBC Fixed Term Series -II -Growth 10.7635 10.4817HSBC Fixed Term Series -IV -Dividend 10.8740 10.4812HSBC Fixed Term Series -IV -Growth 10.8740 10.4812HSBC Fixed Term Series -V -Dividend 10.7608 10.4836HSBC Fixed Term Series -V -Growth 10.7608 10.4836HSBC Fixed Term Series -VI -Dividend 10.7438 10.4500HSBC Fixed Term Series -VI -Growth 10.7438 10.4500HSBC Fixed Term Series - 13 -Regular Option - Dividend 10.8050 10.4152HSBC Fixed Term Series - 13 -Regular Option - Growth 10.8050 10.4152HSBC Fixed Term Series - 13 -Institutional Option - Growth 10.8530 10.4381HSBC Fixed Term Series - 14 -Dividend 10.0307 10.0730HSBC Fixed Term Series - 14 -Growth 10.4319 10.0730HSBC Fixed Term Series -IX -Dividend 10.5804 10.2030HSBC Fixed Term Series -IX -Growth 10.5804 10.2030HSBC Fixed Term Series - 15 -Regular Option - Dividend 10.0297 10.0075HSBC Fixed Term Series - 15 -Regular Option - Growth 10.2789 10.0075HSBCFixedTermSeries-15-InstitutionalOption-Growth 10.2997 10.0077HSBCLiquidPlusFund-RegularOption-Dividend(18October2006)** 10.0122 10.0012HSBCLiquidPlusFund-RegularOption-Growth(18October2006)** 10.3595 10.0120HSBCLiquidPlusFund-InstitutionalOption-Growth(18October2006)** 10.3666 10.0121HSBCLiquidPlusFund-InstitutionalOption-DailyDividend(18October2006)** 10.0125 10.0012HSBCLiquidPlusFund-InstitutionalOption-WeeklyDividend(18October2006)** 10.0469 10.0121HSBCLiquidPlusFund-InstitutionalOption-MonthlyDividend(07November2006)** 10.1046 10.0020HSBCLiquidPlusFund-InstitutionalPlusOption-Growth(18October2006)** 10.3713 10.0121HSBCLiquidPlusFund-InstitutionalPlusOption-DailyDividend(18October2006)** 10.0126 10.0012HSBCLiquidPlusFund-InstitutionalPlusOption-WeeklyDividend(18October2006)** 10.0474 10.0121HSBCLiquidPlusFund-InstitutionalPlusOption-MonthlyDividend(18October2006)** 10.1050 10.0121HSBCLiquidPlusFund-RegularOption-WeeklyDividend(18October2006)** 10.0460 10.0120HSBCFixedTermSeries-21-RegularOption-Dividend(03January2007)** 10.0222 10.0224HSBCFixedTermSeries-21-RegularOption-Growth(03January2007)** 10.0670 10.0224HSBCFixedTermSeries-21-InstitutionalOption-Dividend(03January2007)** 10.0234 10.0227HSBCFixedTermSeries-21-InstitutionalOption-Growth(03January2007)** 10.0780 10.0227HSBCTaxSaverEquityFund-Growth(17January2007)** 9.4098 10.1559HSBCTaxSaverEquityFund-Dividend(17January2007)** 9.4098 10.1559HSBCFixedTermSeries-22-RegularOption-Dividend(24January2007)** 10.0296 10.0203HSBCFixedTermSeries-22-RegularOption-Growth(24January2007)** 10.0479 10.0203HSBCFixedTermSeries-22-InstitutionalOption-Growth(24January2007)** 10.0543 10.0205HSBCFixedTermSeries-23-RegularOption-Dividend(05March2007)** 10.0260 10.0181HSBCFixedTermSeries-23-RegularOption-Growth(05March2007)** 10.0706 10.0181HSBCFixedTermSeries-23-InstitutionalOption-Dividend(05March2007)** 10.0278 10.0186HSBCFixedTermSeries-23-InstitutionalOption-Growth(05March2007)** 10.0744 10.0186HSBCFixedTermSeries-24-RegularOption-Dividend(19March2007)** 10.0497 10.0342HSBCFixedTermSeries-24-RegularOption-Growth(19March2007)** 10.0497 10.0342HSBCFixedTermSeries-24-InstitutionalOption-Dividend(19March2007)**/(21March2007)* 10.0235 10.0342HSBCFixedTermSeries-24-InstitutionalOption-Growth(19March2007)**/(21March2007)* 10.0235 10.0342HSBCFixedTermSeries-25-RegularOption-Dividend(24March2007)** 10.0274 10.0089HSBCFixedTermSeries-25-RegularOption-Growth(24March2007)** 10.0274 10.0089HSBCFixedTermSeries-25-InstitutionalOption-Dividend(24March2007)** 10.0284 10.0090HSBCFixedTermSeries-25-InstitutionalOption-Growth(24March2007)** 10.0284 10.0090HSBCFixedTermSeries-26-RegularOption-Dividend(27March2007)** 10.0225 10.0176HSBCFixedTermSeries-26-RegularOption-Growth(27March2007)** 10.0225 10.0176HSBCFixedTermSeries-26-InstitutionalOption-Dividend(27March2007)** 10.0229 10.0181HSBCFixedTermSeries-26-InstitutionalOption-Growth(27March2007)** 10.0229 10.0181HSBCUniqueOpportunitiesFund-Growth(28March2007)** 10.2051 10.1622HSBCUniqueOpportunitiesFund-Dividend(28March2007)** 10.2051 10.1622HSBCFixedTermSeries-27-RegularOption-Dividend(30March2007)** 10.0120 10.0120HSBCFixedTermSeries-27-RegularOption-Growth(30March2007)** 10.0120 10.0120HSBCFixedTermSeries-27-InstitutionalOption-Growth(30March2007)** 10.0122 10.0122
* Dates of last NAV of options closed/ matured during the period are indicated in brackets in the table above.** Dates of first NAV of options commenced during the period are indicated in brackets in the table above
Scheme / Plan NAV at the beginning and at the end of the half year ended March 31, 2007
Scheme / Plan /Option Name NAV per unit as on NAV per unit as onMarch 30, 2007/ September 29, 2006
Date of last NAV*
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the office of HSBCMutual Fund, 314 D. N. Road, Fort, Mumbai 400 001. Tel: 022-6666 8819.Statutory Details: HSBC Mutual Fund has been set up as a trust by HSBC Securities and Capital Markets (India) Private Limited(liability restricted to the corpus of Rs 1 lakh). The Sponsor / associates of the Sponsor/ Asset Management Company (AMC) are notresponsible or liable for any loss or shortfall resulting from the operation of the Schemes. The Trustees of HSBC Mutual Fund haveappointed HSBC Asset Management (India) Private Limited as the Investment Manager.Risk Factors: All investments in mutual funds and securities are subject to market risks and the Net Asset Value (NAV) of theScheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance thatthe objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of theSponsor/AMC does not indicate the future performance of the Scheme(s) of the Mutual Fund. HSBC Equity Fund (HEF), HSBC IndiaOpportunities Fund (HIOF), HSBC Midcap Equity Fund (HMEF), HSBC Advantage India Fund (HAIF), HSBC Tax Saver Equity Fund(HTSF), HSBC Unique Opportunities Fund (HUOF), HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC Cash Fund (HCF), HSBCLiquid Plus Fund (HLPF), HSBC MIP (HMIP), HSBC Floating Rate Fund (HFRF) & HSBC Fixed Term Series (HFTS) are the names of theSchemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns.Scheme Classification: HEF (an open-ended diversified equity Scheme) aims to generate long term capital growth from anactively managed portfolio of equity and equity related securities. HIOF (an open-ended flexi-cap equity Scheme) seeks long termcapital growth through investments across all market capitalisations, including small, mid and large cap stocks. It aims to be predomi-nantly invested in equity & equity related securities. However it could move a significant portion of its assets towards fixed incomesecurities if the fund manager becomes negative on equity markets. HMEF (an open-ended diversified equity Scheme) seeks to gener-ate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks.However, it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indianequity markets. HAIF (an open-ended flexi-theme equity Scheme) seeks to generate long term capital growth from an actively managedportfolio of equity and equity related securities by investing primarily in sectors, areas and themes that play an important role in, and/or benefit from India’s progress, reform process and economic development. HTSF (an open ended Equity Linked Savings Scheme)seeks to provide long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments of compa-nies across various sectors and industries, with no capitalisation bias. The Fund may also invest in fixed income securities. HUOF (a 3year close ended equity scheme with automatic conversion into open ended equity scheme at the end of 3 years from the date ofallotment of units) seeks to provide long-term capital growth from a diversified portfolio of equity and equity related instruments. Thefocus would be to invest in stocks of companies facing “out-of-ordinary” conditions. HIF (an open-ended income Scheme) aims toprovide reasonable income through a diversified portfolio of fixed income securities. The AMC’s view of interest rate trends and thenature of the Plans will be reflected in the type and maturities of securities in which the Short Term and Investment Plans areinvested. HGF (an open-ended gilt scheme) aims to generate reasonable returns through investments in Government Securities of
HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For January 07 * 0.05969163 0.60% 0.05558921 0.56%HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For February 07 * 0.05011563 0.50% 0.04667134 0.47%HSBC Floating Rate Fund - Short Term Plan -Institutional Plus Option - Daily Dividend For March 07 * 0.06918176 0.69% 0.06442708 0.64%HSBCLiquid Plus - Regular Option -Daily Dividend For October 06 * 0.03204559 0.32% 0.02984319 0.30%HSBCLiquid Plus - Regular Option -Daily Dividend For November 06 * 0.05118956 0.51% 0.04767145 0.48%HSBCLiquid Plus - Regular Option -Daily Dividend For December 06 * 0.05205989 0.52% 0.04848194 0.48%HSBCLiquid Plus - Regular Option -Daily Dividend For January 07 * 0.05735355 0.57% 0.05341180 0.53%HSBCLiquid Plus - Regular Option -Daily Dividend For February 07 * 0.04566926 0.46% 0.04253053 0.43%HSBCLiquid Plus - Regular Option -Daily Dividend For March 07 * 0.06439889 0.64% 0.05997295 0.60%HSBCLiquid Plus - Regular Option -Weekly Dividend For October 06 * 0.02431046 0.24% 0.02263966 0.23%HSBCLiquid Plus - Regular Option -Weekly Dividend For November 06 * 0.04759062 0.48% 0.04431982 0.44%HSBCLiquid Plus - Regular Option - Weekly Dividend For December 06 * 0.06216289 0.62% 0.05789059 0.58%HSBCLiquid Plus - Regular Option -Weekly Dividend For January 07 * 0.04762811 0.48% 0.04435476 0.44%HSBCLiquid Plus - Regular Option -Weekly Dividend For February 07 * 0.04739208 0.47% 0.04413495 0.44%HSBCLiquid Plus - Regular Option -Weekly Dividend For March 07 * 0.05756518 0.58% 0.05360887 0.54%HSBC Liquid Plus - Institutional Option -Daily Dividend For October 06 * 0.00678798 0.07% 0.03035772 0.30%HSBC Liquid Plus - Institutional Option -Daily Dividend For November 06 * 0.05226297 0.52% 0.04867109 0.49%HSBC Liquid Plus - Institutional Option -Daily Dividend For December 06 * 0.05311233 0.53% 0.04946206 0.49%
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 31 March, 2007)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
Notes:1. The provision made for Non Performing Assets as ofMarch 31,2007 is Rs. NIL and its percentage to Net Asset Value is NIL.2. Details of Schemes which have outstanding Derivative (OIS) position is as follows :
Sr No. Name of the Scheme Security Qty. Notional Value (InLakhs Rs.)
1 HSBC Equity Fund Grasim Futures mat 26Apr07 13,125 274.96ONGC Futures mat 26Apr07 20,025 173.30
2 HSBC MIP Regular Fund Bharti Airtel Futures mat 26Apr07 4,000 30.13ONGC Futures mat 26Apr07 4,050 35.05
3 HSBC MIP Savings Fund Bharti Airtel Futures mat 26Apr07 10,500 79.09ONGC Futures mat 26Apr07 7,425 64.26
4 HSBC Unique Opportunities Fund Grasim Futures mat 26Apr07 4,375 91.65ONGC Futures mat 26Apr07 40,050 346.59
3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.4. Past performance may or may not be sustained in future.5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund in
terms of number of months.6. The portfolio turnover for HSBC Equity Fund (Equity Portion), HSBC India Opportunities Fund (Equity Portion), HSBC Midcap
Equity Fund (Equity Portion),HSBC Advantage India Fund (Equity Portion), HSBC Tax Saver Equity Fund (Equity Portion), HSBCUnique Opportunities Fund (Equity Portion), HSBC MIP Regular (Equity Portion) and HSBC MIP Savings (Equity Portion) is thelower of purchases & sales to the average net assets during the half year ended March 31, 2007.
HSBC Liquid Plus - Institutional Option -Daily Dividend For January 07 * 0.05847485 0.58% 0.05445604 0.54%HSBC Liquid Plus - Institutional Option -Daily Dividend For February 07 * 0.04657597 0.47% 0.04337491 0.43%HSBC Liquid Plus - Institutional Option -Daily Dividend For March 07 * 0.06538755 0.65% 0.06089364 0.61%HSBC Liquid Plus - Institutional Option -Weekly Dividend For October 06 * 0.02470511 0.25% 0.02300718 0.23%HSBC Liquid Plus - Institutional Option -Weekly Dividend For November 06 * 0.04864212 0.49% 0.04529906 0.45%HSBC Liquid Plus - Institutional Option - Weekly Dividend For December 06 * 0.06337075 0.63% 0.05901544 0.59%HSBC Liquid Plus - Institutional Option -Weekly Dividend For January 07 * 0.04851332 0.49% 0.04517911 0.45%HSBC Liquid Plus - Institutional Option -Weekly Dividend For February 07 * 0.04832715 0.48% 0.04500575 0.45%HSBC Liquid Plus - Institutional Option -Weekly Dividend For March 07 * 0.05851559 0.59% 0.05449395 0.54%HSBC Liquid Plus - Institutional Option -Monthly Dividend 24-Nov-06 0.02707301 0.27% - 0.00%HSBC Liquid Plus - Institutional Option -Monthly Dividend 29-Dec-06 0.06012984 0.60% 0.05599727 0.56%HSBC Liquid Plus - Institutional Option -Monthly Dividend 25-Jan -07 0.04621250 0.46% - 0.00%HSBC Liquid Plus - Institutional Option -Monthly Dividend 23-Feb-07 0.04867403 0.49% - 0.00%HSBC Liquid Plus - Institutional Option -Monthly Dividend 30-Mar-07 0.02500223 0.25% - 0.00%HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For October 06 * 0.00213111 0.02% 0.03072524 0.31%HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For November 06 * 0.05293370 0.53% 0.04929571 0.49%HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For December 06 * 0.03416745 0.34% 0.05010385 0.50%HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For January 07 * 0.05922052 0.59% 0.05515046 0.55%
HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For February 07 * 0.04717561 0.47% 0.04393333 0.44%HSBC Liquid Plus - Institutional Plus Option -Daily Dividend For March 07 * 0.06622740 0.66% 0.06167578 0.62%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For October 06 * - 0.00% 0.02322771 0.23%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For November 06 * - 0.00% 0.04595546 0.46%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For December 06 * - 0.00% 0.05980615 0.60%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For January 07 * - 0.00% 0.04576329 0.46%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For February 07 * 0.04895821 0.49% 0.04559342 0.46%HSBC Liquid Plus - Institutional Plus Option -Weekly Dividend For March 07 * 0.02552451 0.26% 0.05514267 0.55%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 27-Oct-06 - 0.00% 0.02205162 0.22%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 24-Nov-06 - 0.00% 0.04366220 0.44%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 29-Dec-06 - 0.00% 0.05850758 0.59%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 25-Jan-07 - 0.00% 0.04328069 0.43%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 23-Feb-07 - 0.00% 0.04573313 0.46%HSBC Liquid Plus - Institutional Plus Option -Monthly Dividend 30-Mar-07 - 0.00% 0.02362295 0.24%
Notes:* This represents cummulative amounts of dividends declared during the month.$ This represents the schemes/plans which are closed/matured during the half year
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the halfyear ended 31 March, 2007)
Scheme / Plan /Option Name Record Date / Dividend (Rs. Dividend Dividend Dividendperiod of dividend Per unit) (Non- Rate (Non- (Rs. Per unit) Rate
various maturities. HCF (an open-ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providinga high level of liquidity, through a portfolio of money market and debt securities. HLPF (an open-ended debt Scheme) seeks to provideliquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments. HMIP (an open-endedFund with Regular & Savings Plans. Monthly income is not assured and is subject to availability of distributable surplus.) seeks togenerate reasonable returns through investments in Debt and Money Market Instruments. The secondary objective of the scheme isto invest in equity and equity related instruments to seek capital appreciation. HFRF (an open-ended income scheme) seeks to generatea reasonable return with commensurate risk through investments in floating rate debt instruments and fixed rate debt instrumentsswapped for floating rate returns. The Scheme may also invest in fixed rate money market and debt instruments. HFTS (a close-endedIncome Scheme) seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in linewith the time profile of the respective Plan(s).Terms of Issue: Units of the Scheme(s) are being offered at NAV based prices, subject to prevailing loads. The AMC calculates andpublishes NAVs and offers for sale, redemption and switch outs, units of the Scheme(s) on all Business Days, at the Applicable NAV.HFTS - Units of the Scheme are being offered at Rs. 10 per unit for cash at par plus applicable load at the time of the NFO. The AMCwill calculate and publish the first NAV of the Scheme not later than 30 days from the closure of the NFO. However HUOF & HFTSwill not be open for ongoing subscriptions / switch ins. HUOF would be available for sale on an ongoing basis (after a period of 3 yearsfrom the date of allotment). Conversion of HUOF to an open-ended scheme will be done only after the balance unamortized amount hasbeen fully recovered from the Scheme. Units can be redeemed / switched out on every Business Day at NAV based prices, subject toprevailing exit load.Load Structure (includes SIP/STP): HEF, HIOF, HMEF, HAIF – Entry – 2.25% for investments/switch ins* < Rs 5 crores,otherwise Nil. Exit – 0.5% for < Rs 5 crores, if redeemed/switched out* within 6 months from date of investment, otherwise Nil.HTSF: Entry - 2.25% for investments / switch ins* < Rs 1 crore, otherwise Nil. Exit – Nil. HUOF: During close ended period - Exit- Nil. However the investor will have to bear the proportionate unamortized initial issue expenses for exiting during the close endedperiod. SIP/SEP/STP in HUOF available after conversion to an open-ended scheme. HMIP – Entry – Nil. Exit - 0.5% for Investments <Rs 10 lakhs, if redeemed/switched out* within 6 months from date of investment. For STP/SEP – Nil. In case of HIF-IP & HFRF-LTP- Entry - Nil. Exit - 0.5% for < Rs 10 lakhs in Regular Option, if redeemed/switched out* within 6 months from the date ofinvestment. For STP/SEP – Nil. *No load in case of switches between equity Schemes of HSBC Mutual Fund. No load in case of HCF,HGF, HLPF, HIF-ST & HFRF-ST. HFTS – Consult the nearest investor service centre for details. Load in case of dividend reinvest-ments: Entry - 2.25% in case of Weekly Dividend sub-option under Institutional & Institutional Plus Option of HCF & HFRF-STP. Exit– Nil. No load in case of investments by Fund-of-Funds, FIIs & their sub-accounts. The entry / exit load set forth above is subject tochange at the discretion of the AMC and such changes shall be implemented prospectively. Read the Offer Document care-fully before investing.
HSBC Investments
Issued by HSBC Asset Management (India) Private Limited
Issued by HSBC Asset Management (India) Private Limited
HSBC Mutual FundUnaudited Half - Yearly Financial Results for the period ended 30 September 2007. As per provisions of Regulation 59 of the SEBI (Mutual Funds) Regulations, 1996.
HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC HSBC Equity India Midcap Advan- Tax Dyna- Unique Income Income Cash Liquid Gilt MIP MIP Floating Floating Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Equity India Midcap Advan- Tax Dyna- Unique Income Income Cash Liquid Gilt MIP MIP Floating Floating Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fixed Fund Oppor- Equity tage Saver mic Oppor- Fund - Fund - Fund Plus Fund Regular Savings Rate Rate Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term Fund Oppor- Equity tage Saver mic Oppor- Fund - Fund - Fund Plus Fund Regular Savings Rate Rate Term Term Term Term Term Term Term Term Term Term Term Term Term Term Term Sl.Sl. ParticularsParticulars tunities Fund India Equity Fund tunities Invest- Short Fund Short Plan Plan Fund - Fund - Series Series Series Series Series Series Series Series Series Series Series Series Series Series Series tunities Fund India Equity Fund tunities Invest- Short Fund Short Plan Plan Fund - Fund - Series Series Series Series Series Series Series Series Series Series Series Series Series Series Series No.No. Fund Fund Fund Fund ment Term Term Long Short 15 21 22 23 24 25 27 28 29 30 31 32 33 34 35 Fund Fund Fund Fund ment Term Term Long Short 15 21 22 23 24 25 27 28 29 30 31 32 33 34 35 Plan Plan Plan Term Term Plan Plan Plan Term Term Plan Plan Plan Plan (HEF) (HIOF) (HMEF) (HAIF) (HTSF) (HDF) (HUOF) (HIF-IP) (HIF-ST) (HCF) (HLPF) (HGF-ST) (HMIP-R) (HMIP-S) (HFRF-LT) (HFRF-ST) (HFTS 15) (HFTS 21) (HFTS 22) (HFTS 23) (HFTS 24) (HFTS 25) (HFTS 27) (HFTS 28) (HFTS 29) (HFTS 30) (HFTS 31) (HFTS 32) (HFTS 33) (HFTS 34) (HFTS 35) (HEF) (HIOF) (HMEF) (HAIF) (HTSF) (HDF) (HUOF) (HIF-IP) (HIF-ST) (HCF) (HLPF) (HGF-ST) (HMIP-R) (HMIP-S) (HFRF-LT) (HFRF-ST) (HFTS 15) (HFTS 21) (HFTS 22) (HFTS 23) (HFTS 24) (HFTS 25) (HFTS 27) (HFTS 28) (HFTS 29) (HFTS 30) (HFTS 31) (HFTS 32) (HFTS 33) (HFTS 34) (HFTS 35)
Note: ~ NAV per unit was considered as of 28 September, 07.(except for HFRF- ST & HCF) ++ NAV per unit was considered as of 30 March, 07. * Considering Movement of NAV during the half-year and after adjustment of dividend,etc. Returns for all Funds indicate absolute returns except for HSBC Cash Fund and HSBC
Floating Short which has been annualised. ** Returns since launch of Scheme/Plan represents abosolute return for the Plans which are in existence for less than 1 year. Returns during the half year are calculated based on NAV
as at beginning of the period and return since inception are calculated taking inception NAV as Rs. 10 per unit for all schemes. Calculation are based on Growth NAV’s.@ Indicates less than 0.01 # Indicates annualised for the period
$ Indicates schemes / plans launched during the current half year and hence opening Unit Capital, Net Assets and NAV Per unit for the period are not available. ! Indicates there are no investors in the Option ^^ Weighted Average net assets are calculated from the date of Infl ows ^ Weighted Average net assets are calculated from the date of Allotment Schemes performance may not be strictly comparable with the performance of the index due to the inherent difference in the construction of the portfolio $$ Total Recurring expenses as a percentage of daily average net assets includes 0.72% towards Initial Issue expenses w/off during the period $$$ Total Recurring expenses as a percentage of daily average net assets includes 1.17% towards Initial Issue expenses w/off during the period
Issued by HSBC Asset Management (India) Private Limited
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Notes to the accountsNotes to the accounts1. There is no change in accounting policies employed during the reporting period as compared to the polices in the immediately preceding reporting period.2. Details of amounts paid to associates in terms of Regulation 25 (8).
During the period, in HMEF, 4 lakh shares of Voltas Ltd. (Associate) were sold for Rs. 377.75 lakhs.
Notes Notes # : Charges paid by all the schemes of HSBC Mutual Fund towards settlement of Government Securities transactions through the constituent SGL account.3. Details of investment in Fixed Deposits with associates in terms of Regulations 25 (8).
The AMC is availing the services of the sponsor / associates to act as collection / distribution agents and for investment broking. HSBC, an associate of the sponsor, is on the panel of the bankers with whom HSBC Mutual Fund places money on Fixed Deposits and enters into reverse repo transactions from time to time at competitive rates. HSBC Mutual fund also enters into transactions in government securities and treasury bills at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor. HSBC Mutual fund also enters into transactions in government securities and treasury bills at market rates with HSBC Primary Dealership (India) Private Limited, a subsidiary of the sponsor.4. Details of investments made in companies which have invested more than 5% of the NAV of a scheme in terms of Regulation 25 (11).
Issued by HSBC Asset Management (India) Private Limited
5. Details of investors holding units in the scheme over 25% of the NAV as on 30 September 2007
Name of Scheme No. of holders % HoldingName of Scheme No. of holders % HoldingHSBC Gilt Fund Short Term Plan 1.00 27.82
6. No bonus was declared during the reporting period.7. Deferred Revenue ExpenditureDeferred Revenue Expenditure (DRE) includes all expenses incurred in relation to the initial issue of units of the relevant scheme. Such DRE is written off equally over the scheme period. (Rs. In lakhs)
Name of the Scheme Revenue Deffered Revenue Expenditure Written off Expenditure as on during the half year September 30, 2007
HSBC Midcap Equity Fund 18.97 100.14 HSBC Advantage India Fund 352.92 513.22 HSBC Unique Opportunities Fund 398.29 1,843.15 HSBC Fixed Term Series 30 18.78 164.97 HSBC Fixed Term Series 32 5.46 18.02 HSBC Fixed Term Series 33 1.61 20.40 HSBC Fixed Term Series 35 1.68 34.97
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
Company Name Schemes Investment Aggregate cost Outstanding Company Name Schemes Investment Aggregate cost Outstanding invested made by of acquisition as at invested made by of acquisition as at in by the schemes of during the September 30, in by the schemes of during the September 30, Company HSBC Mutual period ended 2007 Company HSBC Mutual period ended 2007 Fund in the September 30, (At Market / Fund in the September 30, (At Market / company/ 2007 Fair Value) company/ 2007 Fair Value) subsidiary (Rupees in Lakhs) (Rupees in Lakhs) subsidiary (Rupees in Lakhs) (Rupees in Lakhs)
9. Details of Schemes which have outstanding Derivative position as on September 30, 2007
Name of the Scheme Net Long Position % to Net Net Short Position % to NetName of the Scheme Net Long Position % to Net Net Short Position % to Net (Notional Value in lakhs) Asstes (Notional Value in lakhs) Asstes (Notional Value in lakhs) Asstes (Notional Value in lakhs) AsstesEquity SchemesEquity Schemes HSBC Advantage India Fund 1,580.43 1.72% 1,709.52 1.86%HSBC Dynamic Fund 3,599.38 7.41% - - HSBC Equity Fund 1,212.66 1.16% 1,709.52 1.63%HSBC India Opportunities Fund 596.37 0.84% 1,709.52 2.40%HSBC Unique Opportunities Fund 1,153.84 1.64% 1,020.56 1.45%Debt Schemes Net Value % to Net Asstes Debt Schemes Net Value % to Net Asstes HSBC Liquid Plus Fund 5,000.00 0.81% - -
8. Borrowings made during the half year by HSBC Mutual Fund.
Name of the scheme and category Nature of Source Purpose Date of Amount Date of repayment Period of Rate of Amount Collateral Name of the scheme and category Nature of Source Purpose Date of Amount Date of repayment Period of Rate of Amount Collateral instruments/ (Institutions/ borrowing Borrowed of borrowing borrowing borrowing borrowed used instruments/ (Institutions/ borrowing Borrowed of borrowing borrowing borrowing borrowed used mode of banks/ others) (specify the period as % of (if any) mode of banks/ others) (specify the period as % of (if any) borrowings of borrowing) net assets borrowings of borrowing) net assets
HSBC Advantage India Fund Bank Borrowing HSBC Bank Ltd Funding for June 25, 2007 79,524,453.97 June 26, 2007 1 day 10.00% 0.83% NO Redemptions
State Bank of Hyderabad HIFState Bank of Hyderabad HIF HFRF 2,332.31 -(Subsidary of State Bank of India)(Subsidary of State Bank of India) HLPF 16,070.85 14,316.74State Bank of India HCFState Bank of India HCF HAIF 10,266.52 4,086.29 HCF 11,576.93 - HEF 5,504.17 5,187.64 HIF 253.73 254.58 HFRF 968.36 - HIOF 3,128.77 2,802.02 HMIP 591.44 435.55 HTSF 1,197.21 1,284.26 HDF 2,339.75 2,600.63 HUOF 1,616.41 2,276.64 HLPF 31,249.84 2,368.73State Bank of Bikaner and JaipurState Bank of Bikaner and Jaipur HCF 5,775.27 -(Subsidary of State Bank of India)(Subsidary of State Bank of India) HLPF 9,592.56 -State Bank of IndoreState Bank of Indore HCF 9,878.26 -(Subsidary of State Bank of India) (Subsidary of State Bank of India) HIF 7,558.40 - HMIP 1,870.51 - HFRF 962.01 482.45 HLPF 12,465.75 482.45 HFTS I 48.49 - HFTSIV 1,685.55 - HFTS13 1,981.34 -State Bank of MysoreState Bank of Mysore HCF 55,517.76 -(Subsidary of State Bank of India) (Subsidary of State Bank of India) HFTSVIII 3,916.09 - HAIF 1,370.94 - HEF 1,370.94 - HIOF 913.96 - HLPF 90,767.20 35,730.51 HUOF 6,797.16 - HFTS27 868.26 - HFTS31 2,700.00 2,700.00 HFRF 3,823.86 3,846.39State Bank of PatialaState Bank of Patiala HCF 31,027.09 6,971.68(Subsidary of State Bank of India) (Subsidary of State Bank of India) HFTSIII 147.42 - HFTSIV 2,322.25 - HFRF 5,903.78 - HFTS IX 58.41 - HFTS VI 53.62 - HFTS 15 158.27 - HFTS 14 44.44 - HLPF 67,587.94 25,059.27 HUOF 6,894.17 - HFTS26 2,049.79 -State Bank of SaurashtraState Bank of Saurashtra HCF 9,394.22 1,909.12(Subsidary of State Bank of India) (Subsidary of State Bank of India) HFTS13 4,145.45 - HFRF 2,299.30 - HLPF 19,470.70 9,862.35 HFTS25 2,496.66 -State Bank of TravancoreState Bank of Travancore HCF 20,971.00 1,442.16(Subsidary of State Bank of India)(Subsidary of State Bank of India) HLPF 15,724.56 966.03 HUOF 4,910.27 -
The above investments comprise equity shares, debentrures / bonds, commercial paper, fi xed deposits and other debt instruments. These investments have been made on account of their high credit quality and competitive yield for the investment in fi xed income/ money market insturments and in case of equity shares because of attractive valuations of these companies.
HEF - HSBC Equity Fund HIOF - HSBC India Opportunities Fund
HIF - HSBC Income Fund HCF - HSBC Cash Fund
HMIP - HSBC Monthly Income Plan HFRF - HSBC Floating Rate Fund
HMEF - HSBC Midcap Equity Fund HAIF - HSBC Advantage India Fund
HFTSI - HSBC Fixed Term Series I HFTSIII - HSBC Fixed Term Series III
HFTSIV - HSBC Fixed Term Series IV HFTSVII - HSBC Fixed Term Series VII
HFTSVIII - HSBC Fixed Term Series VIII HFTSIX - HSBC Fixed Term Series IX
HFTS13 - HSBC Fixed Term Series 13 HFTS14 - HSBC Fixed Term Series 14
HFTS15 - HSBC Fixed Term Series 15 HFTS21 - HSBC Fixed Term Series 21
HLPF - HSBC Liquid Plus Fund HTSF - HSBC Tax Saver Equity Fund
HFTS22 - HSBC Fixed Term Series 22 HFTS23 - HSBC Fixed Term Series 23
HFTS24 - HSBC Fixed Term Series 24 HFTS25 - HSBC Fixed Term Series 25
HFTS26 - HSBC Fixed Term Series 26 HFTS27 - HSBC Fixed Term Series 27
HUOF - HSBC Unique Opportunities Fund HFTS28 - HSBC Fixed Term Series 28
HFTS29 - HSBC Fixed Term Series 29 HFTS30 - HSBC Fixed Term Series 30
HFTS31 - HSBC Fixed Term Series 31 HFTS32 - HSBC Fixed Term Series 32
HFTS33 - HSBC Fixed Term Series 33 HFTS34 - HSBC Fixed Term Series 34
HFTS35 - HSBC Fixed Term Series 35 HDF - HSBC Dynamic Fund
The above results have been compiled for all schemes plans which existed during the half year ended September 30, 2007During the period there have been no investment in foreign securitiesThe above unaudited fi nancial results have been approved by the Directors of HSBC Asset Management (India) Private Limited and Board of Trustees of HSBC Mutual Fund.
Mumbai :
For and on behlaf of the Board of Directors of For and on behalf of the Board of Trustees of HSBC Asset Management (India) Private Limited HSBC Mutual Fund
Sanjay Prakash N.P. Gidwani Dilip J. Thakkar Director & Chief Executive Offi cer Trustee Trustee
HSBC MUTUAL FUND - HALF YEARLY PORTFOLIO DISCLOSURES FOR THE PERIOD ENDED 30 SEPTEMBER, 2007HSBC MUTUAL FUND - HALF YEARLY PORTFOLIO DISCLOSURES FOR THE PERIOD ENDED 30 SEPTEMBER, 2007HSBC GILT FUND SHORT TERM PLANHSBC GILT FUND SHORT TERM PLAN
Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV 11 Reverse Repos 68.22 94.62 22 Net Receivable / (Payable) 3.88 5.38 Net Assets as on September 30, 2007 72.10 100.00 Net Assets as on September 30, 2007 72.10 100.00
HSBC EQUITY FUNDHSBC EQUITY FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges AUTO AUTO 1 Maruti Udyog Limited 215,384 2,151.15 2.05 2 Mahindra & Mahindra Limited 100,000 752.00 0.72 BANKS BANKS 1 State Bank Of India 266,600 5,187.64 4.95 2 ICICI Bank Limited 261,000 2,772.86 2.64 3 HDFC Bank Limited 177,300 2,545.32 2.43 4 Punjab National Bank 450,247 2,442.82 2.33 5 Axis Bank Limited 295,000 2,255.57 2.15 6 Central Bank Of India 975,000 1,450.31 1.38 CEMENT CEMENT 1 Grasim Industries Limited 108,836 3,821.29 3.64 2 ACC Limited 137,000 1,640.03 1.56 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 437,000 4,785.59 4.56 2 Punj Lloyd Limited 1,020,000 3,158.94 3.01 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 169,200 4,751.05 4.53 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 574,777 1,701.63 1.62 2 Steel Authority Of India Limited 765,000 1,584.70 1.51 3 Jindal Steel & Power Limited 30,000 1,555.74 1.48 FINANCE FINANCE 1 Housing Development Finance Corporation Limited 150,000 3,791.85 3.62 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 233,000 4,746.09 4.52 2 Siemens Limited 113,087 1,527.98 1.46 3 Crompton Greaves Limited 292,047 977.34 0.93 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Jain Irrigation Systems Limited 345,000 1,883.01 1.80 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 Zee Entertainment Enterprises Limited 580,000 1,982.73 1.89 2 Wire And Wireless India Limited 1,152,726 519.88 0.50 3 Television Eighteen India Limited 17,800 161.20 0.15 MINERALS/MINING MINERALS/MINING 1 Gujarat Mineral Development Corporation Limited 202,500 2,209.98 2.11 2 Sesa Goa Limited 18,251 460.70 0.44 NON - FERROUS METALS NON - FERROUS METALS 1 Sterlite Industries (India) Limited 200,000 1,497.30 1.43 OIL OIL 1 Oil & Natural Gas Corporation Limited 422,000 4,043.18 3.85 2 Aban Offshore Limited 34,417 1,206.14 1.15 PESTICIDES PESTICIDES 1 United Phosphorus Limited 300,000 1,191.90 1.14 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 347,000 7,974.23 7.60 2 Reliance Petroleum Limited 700,000 1,073.80 1.02 PHARMACEUTICALS PHARMACEUTICALS 1 Dr Reddy’s Laboratories Limited 298,000 1,937.15 1.85 2 Cipla Limited 963,000 1,755.55 1.67 POWER POWER 1 Power Grid Corporation Of India Limited^^ 248,181 129.05 0.12
HSBC EQUITY FUNDHSBC EQUITY FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV
SOFTWARE SOFTWARE 1 Infosys Technologies Limited 147,592 2,793.55 2.66 2 Tata Consultancy Services Limited 153,500 1,627.33 1.55 3 Satyam Computer Services Limited 300,000 1,338.45 1.28 4 Mastek Limited 261,606 790.05 0.75 TELECOM - SERVICES TELECOM - SERVICES 1 Bharti Airtel Limited 449,000 4,220.15 4.02 2 Reliance Communications Limited 565,000 3,315.14 3.16 3 Idea Cellular Limited 1,600,000 2,004.80 1.91 Total 97,715.15 93.16 Total 97,715.15 93.16 22 Fixed Deposits*** 2,200.00 2.10 33 Reverse Repos 5,353.85 5.10 44 Net Receivable / (Payable) -382.45 -0.36 Net Assets as on September 30, 2007 104,886.55 100.00 Net Assets as on September 30, 2007 104,886.55 100.00 *** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed
Deposits” Table at the end of the disclosure. ^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC INDIA OPPORTUNITIES FUNDHSBC INDIA OPPORTUNITIES FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges AUTO ANCILLARIES AUTO ANCILLARIES 1 Motor Industries Company Limited 45,000 1,912.57 2.68 BANKS BANKS 1 State Bank Of India 144,000 2,802.02 3.93 2 Punjab National Bank 280,000 1,519.14 2.13 3 Kotak Mahindra Bank Limited 153,000 1,410.97 1.98 4 Ing Vysya Bank Limited 486,000 1,275.26 1.79 5 Union Bank Of India 675,000 1,102.61 1.55 CEMENT CEMENT 1 Grasim Industries Limited 54,000 1,895.97 2.66 2 ACC Limited 153,000 1,831.56 2.57 3 Century Textiles And Industries Limited 171,000 1,441.62 2.02 CHEMICALS CHEMICALS 1 Meghmani Organics Limited 5,400,000 1,350.00 1.89 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 234,000 2,562.53 3.59 2 Punj Lloyd Limited 720,000 2,229.84 3.13 CONSUMER NON DURABLE CONSUMER NON DURABLE 1 Advanta India Limited 262,076 2,799.23 3.92 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 54,000 1,516.29 2.13 FERROUS METALS FERROUS METALS 1 Tata Steel Limited 99,000 842.00 1.18 FINANCE FINANCE 1 Shriram Transport Finance Company Limited 754,518 1,483.38 2.08 2 India Infoline Limited 96,196 806.41 1.13 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 126,000 2,566.56 3.60 2 Thermax Limited 183,136 1,372.60 1.92 3 Praj Industries Limited 396,000 940.30 1.32
INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Sintex Industries Limited 504,000 1,750.39 2.45 2 Jain Irrigation Systems Limited 248,968 1,358.87 1.90 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 HT Media Limited 592,984 1,276.10 1.79 2 Global Broadcast News Limited 121,500 1,171.99 1.64 3 Television Eighteen India Limited 126,000 1,141.06 1.60 4 Pritish Nandy Communications Limited 396,000 318.78 0.45 MINERALS/ MINING MINERALS/ MINING 1 Sesa Goa Limited 14,372 362.79 0.51 NON - FERROUS METALS NON - FERROUS METALS 1 Sterlite Industries (India) Limited 126,000 943.30 1.32 OIL OIL 1 Aban Offshore Limited 63,000 2,207.84 3.09 PESTICIDES PESTICIDES 1 United Phosphorus Limited 223,303 887.18 1.24 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 216,000 4,963.79 6.96 2 Essar Oil Limited 900,000 525.15 0.74 PHARMACEUTICALS PHARMACEUTICALS 1 Glenmark Pharmaceuticals Limited 423,000 1,786.96 2.50 2 Cipla Limited 630,000 1,148.49 1.61 3 Torrent Pharmaceuticals Limited 257,535 488.29 0.68 POWER POWER 1 GVK Power & Infrastructure Limited 71,100 467.23 0.65 2 Power Grid Corporation Of India Limited^^ 177,525 92.31 0.13 RETAILING RETAILING 1 Pantaloon Retail (India) Limited 126,000 680.40 0.95 SOFTWARE SOFTWARE 1 Mphasis BFL Limited 675,000 1,930.16 2.71 2 Patni Computer Systems Limited 306,000 1,439.27 2.02 3 Infosys Technologies Limited 63,000 1,192.43 1.67 TELECOM - SERVICES TELECOM - SERVICES 1 Reliance Communications Limited 306,000 1,795.46 2.52 2 Videsh Sanchar Nigam Limited 369,808 1,619.20 2.27 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 Sterlite Optical Technologies Limited 396,000 939.71 1.32 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 Aditya Birla Nuvo Limited 126,000 1,920.74 2.69 TRADING TRADING 1 3M India Limited 41,400 750.87 1.05 TRANSPORTATION TRANSPORTATION 1 The Great Eastern Shipping Company Limited 450,000 1,514.03 2.12 Total 68,333.66 95.78 Total 68,333.66 95.78 2 2 Fixed Deposits*** 1,300.00 1.82 3 3 Reverse Repos 2,170.68 3.04 4 4 Net Receivable / (Payable) -463.46 -0.65 Net Assets as on September 30, 2007 71,340.88 100.00 Net Assets as on September 30, 2007 71,340.88 100.00
*** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC INDIA OPPORTUNITIES FUNDHSBC INDIA OPPORTUNITIES FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV
Issued by HSBC Asset Management (India) Private Limited
HSBC ADVANTAGE INDIA FUNDHSBC ADVANTAGE INDIA FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) NAV No. (Rs in Lacs) NAV 1 1 Equity & Equity Related Instruments Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges AIRLINES AIRLINES 1 Spicejet Limited 2,430,000 1,423.98 1.55 AUTO ANCILLARIES AUTO ANCILLARIES 1 Motor Industries Company Limited 45,000 1,912.57 2.08 BANKS BANKS 1 State Bank Of India 210,000 4,086.29 4.44 2 Punjab National Bank 550,312 2,985.72 3.24 3 ICICI Bank Limited 252,000 2,677.25 2.91 4 Kotak Mahindra Bank Limited 270,000 2,489.94 2.70 5 Central Bank Of India 900,000 1,338.75 1.45 6 Axis Bank Limited 133,000 1,016.92 1.10 CEMENT CEMENT 1 Grasim Industries Limited 80,000 2,808.84 3.05 2 Century Textiles And Industries Limited 117,000 986.37 1.07 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 432,000 4,730.83 5.14 2 Punj Lloyd Limited 1,020,000 3,158.94 3.43 3 B.L.Kashyap And Sons Limited 100,000 2,404.35 2.61 CONSUMER NON DURABLE CONSUMER NON DURABLE 1 United Spirits Limited 64,000 1,123.23 1.22 2 Advanta India Limited 88,353 943.70 1.02 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 160,500 4,506.76 4.89 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 632,275 1,871.85 2.03 2 Jindal Steel & Power Limited 33,500 1,737.24 1.89 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 234,000 4,766.46 5.18 2 Thermax Limited 558,008 4,182.27 4.54 3 Siemens Limited 133,358 1,801.87 1.96 4 Crompton Greaves Limited 452,047 1,512.78 1.64 5 Praj Industries Limited 550,000 1,305.98 1.42 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Kirloskar Brothers Limited 451,169 2,306.38 2.50 2 Sintex Industries Limited 485,312 1,685.49 1.83 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 Television Eighteen India Limited 149,193 1,351.09 1.47 2 PVR Limited 549,217 1,133.58 1.23 3 HT Media Limited 375,000 807.00 0.88 OIL OIL 1 Aban Offshore Limited 38,050 1,333.46 1.45 PHARMACEUTICALS PHARMACEUTICALS 1 Cadila Healthcare Limited 255,000 792.92 0.86 2 Dishman Pharmaceuticals And Chemicals Limited 266,741 777.42 0.84 POWER POWER 1 Kalpataru Power Transmission Limited 149,000 2,396.37 2.60 2 PTC India Limited 1,400,000 1,281.70 1.39 3 Power Grid Corporation Of India Limited^^ 227,162 118.12 0.13 RETAILING RETAILING 1 Pantaloon Retail (India) Limited 240,000 1,296.00 1.41 SOFTWARE SOFTWARE 1 Infosys Technologies Limited 104,703 1,981.77 2.15 2 Patni Computer Systems Limited 360,000 1,693.26 1.84 3 Mphasis BFL Limited 375,000 1,072.31 1.16 4 Satyam Computer Services Limited 200,000 892.30 0.97 5 Infotech Enterprises Limited 77,038 206.04 0.22 TELECOM - SERVICES TELECOM - SERVICES 1 Reliance Communications Limited 600,000 3,520.50 3.82 2 Bharti Airtel Limited 363,000 3,411.84 3.71 3 Videsh Sanchar Nigam Limited 452,050 1,979.30 2.15 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 S. Kumars Nationwide Limited 1,100,000 1,249.05 1.36 Total 87,058.77 94.55 Total 87,058.77 94.55 22 Fixed Deposits*** 1,700.00 1.85 33 Reverse Repos 3,264.31 3.55 44 Net Receivable / (Payable) 51.06 0.06 Net Assets as on September 30, 2007 92,074.14 100.00 Net Assets as on September 30, 2007 92,074.14 100.00
*** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC MIDCAP EQUITY FUNDHSBC MIDCAP EQUITY FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges AIRLINES AIRLINES 1 Spicejet Limited 500,000 293.00 0.93 AUTO ANCILLARIES AUTO ANCILLARIES 1 Motor Industries Company Limited 12,600 535.52 1.69 2 Asahi India Glass Limited 434,000 464.38 1.47 3 Amtek India Limited 289,900 461.96 1.46 BANKS BANKS 1 The Jammu And Kashmir Bank Limited 110,000 860.86 2.72 2 Indian Overseas Bank Limited 532,000 767.94 2.43 CEMENT CEMENT 1 India Cements Limited 248,000 723.54 2.29 2 Century Textiles And Industries Limited 77,000 649.15 2.05 3 Orient Paper And Industries Limited 100,000 540.85 1.71 4 Orient Paper And Industries Limited Partly Paid 30,000 81.13 0.26 COMPRESSOR/DRILLING COMPRESSOR/DRILLING 1 Kirloskar Pneumatic Company Limited 160,225 729.02 2.31 CONSTRUCTION CONSTRUCTION 1 Punj Lloyd Limited 290,000 898.13 2.84 2 Jaiprakash Associates Limited 60,000 657.06 2.08 3 Housing Development & Infrastructure Limited 50,000 313.88 0.99 CONSUMER DURABLES CONSUMER DURABLES 1 Fedders Lloyds Corporation Limited 200,000 311.20 0.98 CONSUMER NON DURABLES CONSUMER NON DURABLES 1 Radico Khaitan Limited 354,126 663.28 2.10 2 Advanta India Limited 55,399 591.72 1.87 EXPLOSIVES EXPLOSIVES 1 Gulf Oil Corporation Limited 38,460 572.17 1.81 FERROUS METALS FERROUS METALS 1 Kalyani Steels Limited 154,569 664.03 2.10 2 Usha Martin Limited 1,107,491 656.74 2.08 3 Maharashtra Seamless Limited 100,000 615.05 1.95 4 PSL Limited 144,514 567.07 1.79 5 Welspun Gujarat Stahl Rohren Limited 153,303 453.85 1.44 6 Ratnamani Metals And Tubes Limited 35,739 374.01 1.18 HOTELS HOTELS 1 Viceroy Hotels Limited 675,951 601.60 1.90 2 Royal Orchid Hotels Limited 257,299 388.01 1.23 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Elecon Engineering Company Limited 171,000 1,176.74 3.72 2 Thermax Limited 137,522 1,030.73 3.26 3 Emco Limited 70,275 785.22 2.49 4 Crompton Greaves Limited 144,000 481.90 1.53 5 ABG Shipyard Limited 70,317 454.53 1.44 6 Nitin Fire Protection Industries Limited 88,233 364.93 1.15 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Sintex Industries Limited 307,960 1,069.55 3.38 2 Cummins India Limited 124,000 539.09 1.71 3 Jain Irrigation Systems Limited 93,737 511.62 1.62 4 KSB Pumps Limited 69,544 340.70 1.08 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 Balaji Telefi lms Limited 219,957 576.40 1.82 2 Television Eighteen India Limited 48,010 434.78 1.38 3 PVR Limited 177,102 365.54 1.16 MINERALS/ MINING MINERALS/ MINING 1 Gujarat NRE Coke Limited 594,000 517.37 1.64 OIL OIL 1 Aban Offshore Limited 22,029 772.01 2.44 PHARMACEUTICALS PHARMACEUTICALS 1 Opto Circuits (India) Limited 170,000 961.69 3.04 2 Elder Pharmaceuticals Limited 100,000 434.35 1.37 3 Indoco Remedies Limited 145,000 429.06 1.36 POWER POWER 1 Kalpataru Power Transmission Limited 41,884 673.62 2.13 2 Kirloskar Electric Company Limited 119,966 324.75 1.03 3 Power Grid Corporation Of India Limited^^ 78,252 40.69 0.13 RETAILING RETAILING 1 Pantaloon Retail (India) Limited 100,000 540.00 1.71 2 Vishal Retail Limited 45,502 318.10 1.01 SOFTWARE SOFTWARE 1 Patni Computer Systems Limited 117,000 550.31 1.74 2 Logix Microsystems Limited 137,700 495.65 1.57 3 Nucleus Software Exports Limited 92,180 291.98 0.92 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 MIC Electronics Limited 159,077 851.22 2.69 2 Astra Microwave Products Limited 200,010 294.31 0.93 Total 30,061.95 95.14 Total 30,061.95 95.14 22 Reverse Repos 1,208.72 3.83 33 Net Receivable / (Payable) 326.22 1.03 Net Assets as on September 30, 2007 31,596.90 100.00 Net Assets as on September 30, 2007 31,596.90 100.00
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC UNIQUE OPPORTUNITIES FUNDHSBC UNIQUE OPPORTUNITIES FUND Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges AIRLINES AIRLINES 1 Spicejet Limited 1,800,000 1,054.80 1.50 AUTO AUTO 1 Escorts Limited 1,100,000 1,307.35 1.86 AUTO ANCILLARIES AUTO ANCILLARIES Amtek India Limited 746,876 1,190.15 1.70 Asahi India Glass Limited 667,898 714.65 1.02 BANKS BANKS 1 State Bank Of India 117,000 2,276.64 3.24 2 Oriental Bank Of Commerce 446,654 1,080.68 1.54 3 Indian Bank 662,742 1,059.72 1.51 4 Allahabad Bank 964,466 1,041.62 1.48 5 Dena Bank 1,450,000 977.30 1.39 CEMENT CEMENT 1 Century Textiles And Industries Limited 279,000 2,352.11 3.35 2 India Cements Limited 600,000 1,750.50 2.49 CHEMICALS CHEMICALS 1 Bombay Dyeing & Manufacturing Company Limited 180,000 1,217.61 1.73 COMPRESSOR/DRILLING COMPRESSOR/DRILLING 1 Kirloskar Pneumatic Company Limited 140,131 637.60 0.91 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 233,000 2,551.58 3.63 2 Punj Lloyd Limited 666,000 2,062.60 2.94 3 Gammon India Limited 187,536 866.60 1.23 4 Housing Development & Infrastructure Limited 42,500 266.79 0.38 CONSUMER NON DURABLES CONSUMER NON DURABLES 1 Advanta India Limited 67,800 724.17 1.03 EXPLOSIVES EXPLOSIVES 1 Gulf Oil Corporation Limited 45,000 669.47 0.95 FERROUS METALS FERROUS METALS 1 Kalyani Steels Limited 325,278 1,397.39 1.99 2 PSL Limited 303,572 1,191.22 1.70 3 Welspun Gujarat Stahl Rohren Limited 313,723 928.78 1.32 FINANCE FINANCE 1 Bajaj Auto Finance Limited 317,961 1,158.81 1.65 HOTELS HOTELS 1 Royal Orchid Hotels Limited 211,454 318.87 0.45 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Sintex Industries Limited 542,277 1,883.33 2.68 2 Max India Limited 515,937 1,255.02 1.79 3 Asian Electronics Limited 17,804 157.44 0.22 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 Television Eighteen India Limited 159,893 1,447.99 2.06 2 Wire And Wireless India Limited 1,624,227 732.53 1.04 3 PVR Limited 59,519 122.85 0.17 MINERALS/MINING MINERALS/MINING 1 Sesa Goa Limited 79,126 1,997.34 2.84 NON - FERROUS METALS NON - FERROUS METALS 1 Binani Industries Limited 732,079 1,655.23 2.36 OIL OIL 1 Aban Offshore Limited 39,500 1,384.28 1.97 PHARMACEUTICALS PHARMACEUTICALS 1 Opto Circuits (India) Limited 315,000 1,781.96 2.54 2 Cipla Limited 630,000 1,148.49 1.64 3 Lupin Limited 171,716 1,009.95 1.44 4 Indoco Remedies Limited 302,413 894.84 1.27 5 Torrent Pharmaceuticals Limited 343,775 651.80 0.93 6 IPCA Laboratories Limited 70,000 462.14 0.66 POWER POWER 1 GVK Power & Infrastructure Limited 192,509 1,265.07 1.80 2 Kalpataru Power Transmission Limited 64,565 1,038.40 1.48 3 Power Grid Corporation Of India Limited^^ 170,181 88.49 0.13 RETAILING RETAILING 1 Pantaloon Retail (India) Limited 254,000 1,371.60 1.95 2 Vishal Retail Limited 140,000 978.74 1.39 SOFTWARE SOFTWARE 1 Mphasis BFL Limited 423,000 1,209.57 1.72 2 Patni Computer Systems Limited 250,273 1,177.16 1.68 3 Mastek Limited 299,000 902.98 1.29 4 Infosys Technologies Limited 24,000 454.26 0.65 TELECOM - SERVICES TELECOM - SERVICES 1 Videsh Sanchar Nigam Limited 371,825 1,628.04 2.32 2 Reliance Communications Limited 255,000 1,496.21 2.13 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 Sterlite Optical Technologies Limited 342,000 811.57 1.16 2 MIC Electronics Limited 51,218 274.07 0.39 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 S. Kumars Nationwide Limited 1,080,000 1,226.34 1.75 2 Bombay Rayon Fashions Limited 157,838 377.63 0.54 TRADING TRADING 1 3M India Limited 41,400 750.87 1.07 TRANSPORTATION TRANSPORTATION 1 The Great Eastern Shipping Company Limited 204,000 686.36 0.98 Total 61,119.54 87.05 Total 61,119.54 87.05 22 Fixed Deposits*** 1,360.00 1.94 33 Reverse Repos 4,680.45 6.67 44 Net Receivable / (Payable) 3051.79 4.35 Net Assets as on September 30, 2007 70,211.79 100.00 Net Assets as on September 30, 2007 70,211.79 100.00
*** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC TAX SAVER EQUITY FUND HSBC TAX SAVER EQUITY FUND Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges BANKS BANKS 1 State Bank Of India 66,000 1,284.26 5.33 2 Punjab National Bank 215,626 1,169.88 4.85 3 Axis Bank Limited 72,000 550.51 2.28 4 Indian Bank 254,820 407.46 1.69 5 Oriental Bank Of Commerce 106,071 256.64 1.06 6 Andhra Bank Limited 242,000 253.86 1.05 7 ING Vysya Bank Limited 86,000 225.66 0.94 8 Bank Of India 34,500 95.53 0.40 CEMENT CEMENT 1 Century Textiles And Industries Limited 67,500 569.06 2.36 2 Grasim Industries Limited 14,768 518.51 2.15 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 95,758 1,048.65 4.35 2 Punj Lloyd Limited 213,000 659.66 2.74 CONSUMER NON DURABLES CONSUMER NON DURABLES 1 Advanta India Limited 39,466 421.54 1.75 2 Radico Khaitan Limited 125,000 234.13 0.97 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 24,000 673.91 2.80 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 181,857 538.39 2.23 2 PSL Limited 120,000 470.88 1.95 3 Om Metals Infraprojects Limited 298,021 146.48 0.61 HOTELS HOTELS 1 Royal Orchid Hotels Limited 226,114 340.98 1.41 2 Viceroy Hotels Limited 362,301 322.45 1.34 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 46,000 937.00 3.89 2 Thermax Limited 87,730 657.54 2.73 3 Crompton Greaves Limited 116,000 388.19 1.61 4 TRF Limited 20,405 228.77 0.95 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Sintex Industries Limited 242,000 840.47 3.49 2 Caprihans India Limited 410,219 423.35 1.76 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 HT Media Limited 152,000 327.10 1.36 2 Television Eighteen India Limited 30,131 272.87 1.13 3 Balaji Telefi lms Limited 100,000 262.05 1.09 4 Pritish Nandy Communications Limited 111,270 89.57 0.37 MINERALS/MINING MINERALS/MINING 1 Gujarat NRE Coke Limited 459,000 399.79 1.66 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 63,000 1,447.77 6.01 PHARMACEUTICALS PHARMACEUTICALS 1 Torrent Pharmaceuticals Limited 189,565 359.42 1.49 2 Dishman Pharmaceuticals And Chemicals Limited 114,663 334.19 1.39 3 Divi’s Laboratories Limited 26,000 317.23 1.32 4 Cadila Healthcare Limited 100,000 310.95 1.29 POWER POWER 1 GVK Power & Infrastructure Limited 100,001 657.16 2.73 2 Gujarat Industries Power Company Limited 307,325 265.84 1.10 3 Power Grid Corporation Of India Limited^^ 56,726 29.50 0.12
SOFTWARE SOFTWARE 1 Logix Microsystems Limited 103,800 373.63 1.55 2 Patni Computer Systems Limited 72,000 338.65 1.40 3 Mphasis BFL Limited 83,900 239.91 1.00 4 Infotech Enterprises Limited 6,111 16.34 0.07 TELECOM - SERVICES TELECOM - SERVICES 1 Bharti Airtel Limited 60,000 563.94 2.34 2 Reliance Communications Limited 95,000 557.41 2.31 3 Videsh Sanchar Nigam Limited 93,849 410.92 1.70 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 MIC Electronics Limited 104,436 558.84 2.32 Total 21,796.79 90.41 Total 21,796.79 90.41 22 Reverse Repos 1,577.46 6.54 33 Net Receivable / (Payable) 734.43 3.05 Net Assets as on September 30, 2007 24,108.68 100.00 Net Assets as on September 30, 2007 24,108.68 100.00
^indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC TAX SAVER EQUITY FUND HSBC TAX SAVER EQUITY FUND Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating
HSBC DYNAMIC FUNDHSBC DYNAMIC FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges BANKS BANKS 1 State Bank Of India 133,650 2,600.63 5.35 2 Kotak Mahindra Bank Limited 100,000 922.20 1.90 3 Bank Of India 73,067 202.32 0.42 CEMENT CEMENT 1 Grasim Industries Limited 47,700 1,674.77 3.45 COMPRESSOR/DRILLING COMPRESSOR/DRILLING 1 Kirloskar Pneumatic Company Limited 60,123 273.56 0.56 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 149,291 1,634.89 3.36 2 Gammon India Limited 184,192 851.15 1.75 3 Housing Development & Infrastructure Limited 42,500 266.79 0.55 CONSUMER NON DURABLES CONSUMER NON DURABLES 1 Colgate Palmolive India Limited 80,000 321.20 0.66 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 372,910 1,104.00 2.27 2 Steel Authority Of India Limited 425,000 880.39 1.81 FINANCE FINANCE 1 India Infoline Limited 75,956 636.74 1.31 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Sintex Industries Limited 320,722 1,113.87 2.29 2 Kirloskar Brothers Limited 167,283 855.15 1.76 MEDIA & ENTERTAINMENT MEDIA & ENTERTAINMENT 1 Television Eighteen India Limited 85,074 770.43 1.59 2 Global Broadcast News Limited 44,520 429.44 0.88 MINERALS/ MINING MINERALS/ MINING 1 Gujarat NRE Coke Limited 1,209,000 1,053.04 2.17 2 Sesa Goa Limited 18,251 460.70 0.95 NON - FERROUS METALS NON - FERROUS METALS 1 Binani Industries Limited 63,273 143.06 0.29 OIL OIL 1 Cairn India Limited 100,070 181.23 0.37 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 95,000 2,183.15 4.49 PHARMACEUTICALS PHARMACEUTICALS 1 IPCA Laboratories Limited 100,000 660.20 1.36 2 Cadila Healthcare Limited 200,000 621.90 1.28 3 Lupin Limited 75,000 441.11 0.91 4 Dishman Pharmaceuticals And Chemicals Limited 150,000 437.18 0.90 POWER POWER 1 GVK Power & Infrastructure Limited 164,674 1,082.16 2.23 2 Tata Power Limited 86,000 734.70 1.51 3 Power Grid Corporation Of India Limited^^ 113,960 59.26 0.12 SOFTWARE SOFTWARE 1 Infosys Technologies Limited 54,704 1,035.41 2.13 2 Patni Computer Systems Limited 90,954 427.80 0.88 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 MIC Electronics Limited 166,971 893.46 1.84 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 Aditya Birla Nuvo Limited 75,000 1,143.30 2.35 2 S. Kumars Nationwide Limited 400,000 454.20 0.93 TRANSPORTATION TRANSPORTATION 1 The Great Eastern Shipping Company Limited 81,095 272.84 0.56 Total 26,822.22 55.19 Total 26,822.22 55.19 2 Debt Instruments 2 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** ICICI Securities Limited 1,000 5,000.00 10.29 P1+ Total 5,000.00 10.29 Total 5,000.00 10.29 33 Fixed Deposits*** 2,700.00 5.56 44 Reverse Repos 15,966.87 32.85 55 Net Receivable / (Payable) -1889.12 -3.89 Net Assets as on September 30, 2007 Net Assets as on September 30, 2007 48,599.97 100.00 48,599.97 100.00 *** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed
Deposits” Table at the end of the disclosure.^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC MIP REGULAR PLAN HSBC MIP REGULAR PLANHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges BANKS BANKS 1 State Bank Of India 2,500 48.65 1.07 2 Punjab National Bank 6,000 32.55 0.72 3 The Jammu And Kashmir Bank Limited 3,707 29.01 0.64 4 Bank Of India 7,500 20.77 0.46 5 Yes Bank Limited 7,000 14.49 0.32 6 ICICI Bank Limited 1,200 12.75 0.28 7 Andhra Bank Limited 9,500 9.97 0.22 CEMENT CEMENT 1 Grasim Industries Limited 500 17.56 0.39 2 Shree Cements Limited 1,000 15.23 0.34 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 3,882 42.51 0.94 2 Punj Lloyd Limited 5,500 17.03 0.38 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 800 22.46 0.50 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 8,669 25.66 0.57 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 1,213 24.71 0.54 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Atlas Copco (India) Limited 1,750 16.34 0.36 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 1,400 32.17 0.71 PHARMACEUTICALS PHARMACEUTICALS 1 Glenmark Pharmaceuticals Limited 7,000 29.57 0.65 2 Divi’s Laboratories Limited 1,800 21.96 0.48 POWER POWER 1 GVK Power & Infrastructure Limited 4,300 28.26 0.62 2 Power Grid Corporation Of India Limited^^ 10,889 5.66 0.12 SOFTWARE SOFTWARE 1 Logix Microsystems Limited 12,900 46.43 1.02 2 Patni Computer Systems Limited 3,500 16.46 0.36 3 Everonn Systems India Limited 2,000 13.24 0.29 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 MIC Electronics Limited 4,645 24.86 0.55 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 Aditya Birla Nuvo Limited 1,500 22.87 0.50 TELECOM - SERVICES TELECOM - SERVICES 1 Bharti Airtel Limited 2,000 18.80 0.41 2 Reliance Communications Limited 3,700 21.71 0.48 Total 631.68 13.92 Total 631.68 13.92 2 Debt Instruments 2 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 National Bank For Agricultural And Rural Development Limited 42 417.66 9.21 AAA 2 Citi Financial Consumer Finance India Limited 33 326.53 7.20 AAA 3 Power Finance Corporation Limited 31 312.91 6.90 AAA 4 Mahindra & Mahindra Financial Services Limited 30 295.36 6.51 AA+ 5 Sundaram Finance Limited 5 38.80 0.86 LAA+ Total 1391.26 30.67 Total 1391.26 30.67
Issued by HSBC Asset Management (India) Private Limited
HSBC MIP REGULAR PLAN HSBC MIP REGULAR PLANHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Kotak Mahindra Prime Limited 9 69.33 1.53 LAA 2 GE Capital Services Limited 1 7.75 0.17 AAA Total 77.08 1.70 Total 77.08 1.70 3 MIBOR Linked / Floating Rate Instruments 3 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 4 Securitised Debt (Unlisted) 4 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly traded** b) Non Traded / Thinly traded** 1 Corporate Loan Securitisation Trust Series 30 Trust 2008 - A2 (Kotak Mahindra Bank) PTC 4 466.91 10.29 PR1+(SO) 2 Indian Retail ABS Trust 63 Series A2 (ICICI Bank) PTC 5 374.03 8.24 LAAA(SO) 3 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 11 232.23 5.12 AAA(SO) 4 GECSI Loan Series I Class D (IRFC) PTC 1 100.86 2.22 AAA(SO) 5 SCB Long Bond Receivables Trust 2006 Series A2 (Standard Chartered Investments and Loans(India)) PTC 1 95.17 2.10 AAA(SO) 6 Indian Corporate Loan Securitisation Trust -Series XXVIII (A2) (Yes Bank) PTC 5 34.63 0.76 P1+(SO) Total 1303.83 28.74 Total 1303.83 28.74 5 Government Securities 5 Government Securities 1 7.49% GOI Bonds 2017 250,000 242.78 5.35 Sovereign 2 7.99% GOI Bonds 2017 200,000 201.14 4.43 Sovereign Total 443.92 9.79 Total 443.92 9.79 6 Money Market Instruments 6 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments - - Total Money Market Instruments - - 7 7 Fixed Deposits*** 50.00 1.10 88 Reverse Repos 554.60 12.23 99 Net Receivable / (Payable) 84.16 1.86 Net Assets as on September 30, 2007 4,536.53 100.00 Net Assets as on September 30, 2007 4,536.53 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
*** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC MIP SAVINGS PLANHSBC MIP SAVINGS PLANYearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) NAV Rating No. (Rs in Lacs) NAV Rating 1 Equity & Equity Related Instruments 1 Equity & Equity Related Instruments Listed / Awaiting listing on Stock Exchanges Listed / Awaiting listing on Stock Exchanges BANKS BANKS 1 State Bank Of India 6,800 132.32 1.80 2 ICICI Bank Limited 10,000 106.24 1.44 3 Punjab National Bank 15,000 81.38 1.11 4 The Jammu And Kashmir Bank Limited 9,703 75.94 1.03 5 Andhra Bank Limited 51,000 53.50 0.73 6 Bank Of India 19,000 52.61 0.72 7 Yes Bank Limited 16,000 33.11 0.45 CEMENT CEMENT 1 Shree Cements Limited 4,500 68.54 0.93 2 Grasim Industries Limited 1,750 61.44 0.84 CONSTRUCTION CONSTRUCTION 1 Jaiprakash Associates Limited 8,969 98.22 1.34 2 Punj Lloyd Limited 15,000 46.46 0.63 DIVERSIFIED DIVERSIFIED 1 Larsen & Toubro Limited 1,500 42.12 0.57 FERROUS METALS FERROUS METALS 1 Welspun Gujarat Stahl Rohren Limited 18,730 55.45 0.75 INDUSTRIAL CAPITAL GOODS INDUSTRIAL CAPITAL GOODS 1 Bharat Heavy Electricals Limited 3,400 69.26 0.94 INDUSTRIAL PRODUCTS INDUSTRIAL PRODUCTS 1 Atlas Copco (India) Limited 3,950 36.88 0.50 2 Cummins India Limited 7,105 30.89 0.42 PETROLEUM PRODUCTS PETROLEUM PRODUCTS 1 Reliance Industries Limited 3,900 89.62 1.22 PHARMACEUTICALS PHARMACEUTICALS 1 Glenmark Pharmaceuticals Limited 16,000 67.59 0.92 2 Divi’s Laboratories Limited 3,900 47.58 0.65 3 Indoco Remedies Limited 12,762 37.76 0.51 POWER POWER 1 GVK Power & Infrastructure Limited 11,500 75.57 1.03 2 Power Grid Corporation Of India Limited^^ 18,486 9.61 0.13 SOFTWARE SOFTWARE 1 Logix Microsystems Limited 20,600 74.15 1.01 2 Patni Computer Systems Limited 6,500 30.57 0.42 3 Everonn Systems India Limited 4,000 26.48 0.36 TELECOM EQUIPMENT & ACCESSORIES TELECOM EQUIPMENT & ACCESSORIES 1 MIC Electronics Limited 10,000 53.51 0.73 TEXTILE PRODUCTS TEXTILE PRODUCTS 1 Aditya Birla Nuvo Limited 2,860 43.60 0.59 TELECOM - SERVICES TELECOM - SERVICES 1 Reliance Communications Limited 10,200 59.85 0.81 2 Bharti Airtel Limited 5,400 50.75 0.69 Total 1711.01 23.27 Total 1711.01 23.27 2 Debt Instruments 2 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Mahindra & Mahindra Financial Services Limited 70 689.17 9.37 AA+ 2 Citi Financial Consumer Finance India Limited 50 494.74 6.73 AAA 3 Power Finance Corporation Limited 40 403.75 5.49 AAA 4 Sundaram Finance Limited 40 393.63 5.35 AA+ 5 National Bank For Agricultural And Rural Development Limited 36 357.99 4.87 AAA 6 State Bank Of India 25 254.58 3.46 AAA Total 2593.87 35.27 Total 2593.87 35.27 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 3 MIBOR Linked / Floating Rate Instruments 3 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 IDBI Bank Limited 10 101.84 1.38 AA+ Total 101.84 1.38 Total 101.84 1.38 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 5 20.50 0.28 AAA (IND)(SO) Total 20.50 0.28 Total 20.50 0.28 4 Securitised Debt (Unlisted) 4 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly traded** b) Non Traded / Thinly traded** 1 Corporate Loan Securitisation Trust Series 30 Trust 2008 - A2 (Kotak Mahindra Bank) PTC 7 817.09 11.11 PR1+(SO) 2 Indian Retail ABS Trust 63 Series A2 (ICICI Bank) PTC 10 748.06 10.17 LAAA(SO) 3 NTPC Loan Securitisation Trust Series XII (ICICI Bank) PTC 15 212.70 2.89 AAA(SO) 4 Indian Corporate Loan Securitisation Trust -Series XXVIII (A2) (Yes Bank) PTC 20 138.51 1.88 P1+(SO) 5 Indian Retail ABS Trust 70 Series A1X (ICICI Bank) PTC 1 106.29 1.45 LAAA(SO) 6 GECSI Loan Series I Class D (IRFC) PTC 1 100.86 1.37 AAA(SO) 7 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 4 84.45 1.15 AAA(SO) 8 Indian Retail ABS Trust Series XIV A3 (ICICI Bank) PTC 15 52.68 0.72 AAA(SO) Total 2260.63 30.74 Total 2260.63 30.74 5 Government Securities 5 Government Securities 1 7.99% GOI Bonds 2017 200,000 201.14 2.73 Sovereign Total 201.14 2.73 Total 201.14 2.73 6 Money Market Instruments 6 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments - - Total Money Market Instruments - - 77 Fixed Deposits*** 50.00 0.68 88 Reverse Repos 64.13 0.87 99 Net Receivable / (Payable) 351.29 4.78 Net Assets as on September 30, 2007 7,354.42 100.00 Net Assets as on September 30, 2007 7,354.42 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
*** Fixed deposits are placed as Margin Deposit for Futures and Options. For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
^^ indicates thinly traded/ non traded and illiquid securities as defi ned in SEBI Regulations and Guidelines.
HSBC INCOME FUND - INVESTMENT PLANHSBC INCOME FUND - INVESTMENT PLANHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citi Financial Consumer Finance India Limited 35 346.32 13.33 AAA 2 Power Finance Corporation Limited 29 292.72 11.26 AAA 3 State Bank Of India 25 254.58 9.80 AAA 4 National Bank For Agricultural And Rural Development Limited 10 99.44 3.83 AAA Total 993.07 38.21 Total 993.07 38.21 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 SCB Long Bond Receivables Trust 2006 Series IV A2 (Standard Chartered Investments and Loans(India)) PTC 4 380.70 14.65 AAA(SO) 2 India MBS 2002 Series I-D (LICHFL) PTC 5 84.82 3.26 AAA(SO) Total 465.52 17.91 Total 465.52 17.91 4 Government Securities 4 Government Securities 1 7.99% GOI Bonds 2017 600,000 603.42 23.22 Sovereign 2 7.49% GOI Bond 2017 250,000 242.78 9.34 Sovereign 3 5.59% GOI Bonds 2016 400 0.34 0.01 Sovereign Total 846.54 32.58 Total 846.54 32.58 5 Money Market Instruments 5 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments - - Total Money Market Instruments - - 66 Reverse Repos 58.31 2.24 77 Net Receivable / (Payable) 235.28 9.05 Net Assets as on September 30, 2007 2,598.72 100.00 Net Assets as on September 30, 2007 2,598.72 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC INCOME FUND - SHORT TERM PLANHSBC INCOME FUND - SHORT TERM PLANHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 National Bank For Agricultural And Rural Development Limited 20 201.79 13.08 AAA Total 201.79 13.08 Total 201.79 13.08 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly Traded** b) Non Traded / Thinly Traded** Total - - Total - - 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Standard Chartered Investments And Loans (India) Limited 40 190.29 12.34 P1+ 2 L&T Finance Limited 20 95.26 6.18 PR1+ Total 285.55 18.51 Total 285.55 18.51 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 IDBI Bank Limited 200 191.46 12.41 A1+ 2 UCO Bank 200 191.33 12.40 A1+ 3 Yes Bank Limited 200 190.62 12.36 A1+ 4 ICICI Bank Limited 160 153.38 9.94 A1+ Total 726.79 47.12 Total 726.79 47.12 Total Money Market Instruments 1,012.34 65.63 Total Money Market Instruments 1,012.34 65.63 55 Reverse Repos 317.96 20.61 66 Net Receivable / (Payable) 10.37 0.67 Net Assets as on September 30, 2007 1,542.46 100.00 Net Assets as on September 30, 2007 1,542.46 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FLOATING RATE FUND - LONG TERM PLANHSBC FLOATING RATE FUND - LONG TERM PLANHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
1 D1 Debt Instruments ebt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 GE Capital Services Limited 13 1,472.06 11.39 AAA Total 1,472.06 11.39 Total 1,472.06 11.39 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly Traded** b) Non Traded / Thinly Traded** 1 UBLTrust Series 22 (DLF) PTC 4 399.94 3.09 IND A+(SO) Total 399.94 3.09 Total 399.94 3.09 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 L&T Finance Limited 200 979.46 7.58 PR1+ 2 Standard Chartered Investments And Loans (India) Limited 160 761.57 5.89 P1+ Total 1,741.03 13.47 Total 1,741.03 13.47 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 Centurion Bank Of Punjab Limited 1,000 979.09 7.58 INDF1+ 2 Canara Bank 1,000 963.62 7.46 P1+ 3 State Bank Of Mysore 1,000 961.59 7.44 A1+ 4 ICICI Bank Limited 725 695.01 5.38 A1+ 5 Union Bank Of India 600 576.72 4.46 A1+ 6 Yes Bank Limited 600 571.86 4.42 A1+ 7 State Bank Of Indore 500 482.45 3.73 P1+ 8 Allahabad Bank 500 480.83 3.72 PR1+ 9 UCO Bank 400 382.76 2.96 A1+ 10 State Bank Of Travancore 300 288.43 2.23 P1+ 11 Deutsche Bank 200 193.49 1.50 P1+ Total 6,575.85 50.88 Total 6,575.85 50.88 Total Money Market Instruments 8,316.88 64.35 Total Money Market Instruments 8,316.88 64.35 55 Reverse Repos 2,966.29 22.95 66 Net Receivable / (Payable) -230.69 -1.78 Net Assets as on September 30, Net Assets as on September 30, 2007 12,924.48 100.002007 12,924.48 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 15 HSBC FIXED TERM SERIES 15 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
1 D 1 Debt Instruments ebt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 DSP Merrill Lynch Capital Limited 500 4,998.87 14.65 P1+(SO) 2 SREI Infrastructure Finance Limited 400 3,999.10 11.72 PR1+ 3 GE Capital Services Limited 30 3,244.18 9.50 AAA 4 GE Money Financial Services Limited 30 2,999.19 8.79 AAA 5 Shriram Transport Finance Company Limited 100,000 997.63 2.92 INDAA- 6 Shriram Transport Finance Company Limited 50,000 547.39 1.60 INDAA- Total 16,786.35 49.18 Total 16,786.35 49.18 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 60 3,419.23 10.02 LAAA(SO) 2 Retail Trust September 2006 Series A2 (HDFC Bank) PTC 30 3,010.06 8.82 A1+(SO) 3 Indian Corporate Loan Securitisation Trust Series – IX (Yes Bank) PTC 5 503.07 1.47 AA(SO) Total 6,932.36 20.31 Total 6,932.36 20.31 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Jindal Steel & Power Limited 40 199.87 0.59 A1+ 2 ICICI Securities Primary Dealership Limited 30 149.50 0.44 P1+ Total 349.37 1.02 Total 349.37 1.02 b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments 349.37 1.02 Total Money Market Instruments 349.37 1.02 55 Reverse Repos 9,274.24 27.17 66 Net Receivable / (Payable) 789.95 2.31 Net Assets as on September 30, Net Assets as on September 30, 2007 34,132.27 100.00 2007 34,132.27 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 21 HSBC FIXED TERM SERIES 21 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 GE Capital Services Limited 340 3,620.63 19.55 AAA 2 Citicop Maruti Finance Limited 39 388.31 2.10 AAA 3 Mahindra & Mahindra Financial Services Limited 20 197.37 1.07 AA+ Total 4,206.31 22.71 Total 4,206.31 22.71 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 GE Money Financial Services Limited 34 3,626.56 19.58 AAA 2 Rabo India Finance Limited 338 3,380.64 18.25 AAA Total 7,007.20 37.83 Total 7,007.20 37.83 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 UBL Trust Series 28 (Unitech Limited) PTC 8 799.02 4.31 IND A+(SO) Total 799.02 4.31 Total 799.02 4.31 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Indian Retail ABS Trust 70 Series A1X (ICICI Bank) PTC 34 3,613.90 19.51 LAAA(SO) 2 Indian Corporate Loan Securitisation Trust - Series XX (YES BANK) PTC 25 2,525.85 13.64 AA+(SO) Total 6,139.74 33.15 Total 6,139.74 33.15 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit IDBI Bank Limited 100 93.93 0.51 P1+ Total 93.93 0.51 Total 93.93 0.51 Total Money Market Instruments 93.93 0.51 Total Money Market Instruments 93.93 0.51 55 Reverse Repos 38.95 0.21 66 Net Receivable / (Payable) 237.90 1.28 Net Assets as on September 30, 2007 18,523.04 100.00 Net Assets as on September 30, 2007 18,523.04 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 22HSBC FIXED TERM SERIES 22 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age toSr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 DSP Merrill Lynch Capital Limited 430 4,305.44 15.91 AAA(SO) 2 Citi Financial Consumer Finance India Limited 400 4,006.95 14.81 AAA 3 IL & FS Limited 300,000 3,003.94 11.10 LAAA 4 Infrastructure Development Finance Company Limited 300 3,003.89 11.10 LAAA 5 Citi Financial Consumer Finance India Limited 250 2,504.34 9.26 AAA 6 Citicop Maruti Finance Limited 150 1,503.16 5.56 AAA 7 BHW Home Finance Limited 50 532.36 1.97 LAA+ 8 Mahindra & Mahindra Financial Services Limited 30 296.05 1.09 AA+ 9 Citicop Maruti Finance Limited 11 109.52 0.40 AAA Total 19,265.66 71.21 Total 19,265.66 71.21 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Shriram Transport Finance Company Limited 300 3,004.70 11.11 AAA(SO) 2 Rabo India Finance Limited 2 20.00 0.07 AAA Total 3,024.70 11.18 Total 3,024.70 11.18 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 UBL Trust Series 27 (Unitech Limited) PTC 12 1,193.96 4.41 IND A+(SO) Total 1,193.96 4.41 Total 1,193.96 4.41 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 KJS Loan Trust Series I (Jindal Stainless) PTC 20 2,142.96 7.92 AA(SO) Total 2,142.96 7.92 Total 2,142.96 7.92 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments - - Total Money Market Instruments - - 55 Reverse Repos 57.13 0.21 66 Net Receivable / (Payable) 1,369.58 5.06 Net Assets as on September 30, 2007 27,053.99 100.00 Net Assets as on September 30, 2007 27,053.99 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
Issued by HSBC Asset Management (India) Private Limited
HSBC FIXED TERM SERIES 23HSBC FIXED TERM SERIES 23Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citi Financial Consumer Finance India Limited 230 2,317.12 14.71 AAA 2 Citicop Maruti Finance Limited 230 2,314.62 14.70 AAA 3 Citicorp Finance India Limited 150 1,511.38 9.60 AAA 4 Kotak Mahindra Prime Limited 100 1,005.81 6.39 LAA Total 7,148.93 45.39 Total 7,148.93 45.39 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Shriram Transport Finance Company Limited 250,000 2,510.86 15.94 INDF1+ 2 GE Money Financial Services Limited 20 2,012.83 12.78 AAA Total 4,523.68 28.72 Total 4,523.68 28.72 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total Total aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Indian Corporate Loan Securitisation Trust –Series XXIV (BHW Home) PTC 15 1,523.92 9.68 AA+(SO) 2 Indian Retail ABS Trust 75 (ICICI Bank) PTC 5 604.62 3.84 AAA(SO) 3 Indian Retail ABS Trust 76 (ICICI Bank) PTC 5 604.62 3.84 AAA(SO) Total 2,733.15 17.35 Total 2,733.15 17.35 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit 1 ICICI Bank Limited 500 469.33 2.98 P1+ 2 Canara Bank 225 215.81 1.37 P1+ Total 685.13 4.35 Total 685.13 4.35 Total Money Market Instruments 685.13 4.35 Total Money Market Instruments 685.13 4.35 55 Reverse Repos 38.11 0.24 66 Net Receivable / (Payable) 620.44 3.94 Net Assets as on September 30, 2007 15,749.45 100.00 Net Assets as on September 30, 2007 15,749.45 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 24HSBC FIXED TERM SERIES 24 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citicorp Finance Limited 950 9,621.26 18.34 AAA 2 Sundaram Finance Limited 720 7,696.97 14.67 AA+ 3 BHW Home Finance Limited 700 7,483.91 14.27 LAA+ 4 Citicop Maruti Finance Limited 500 5,062.59 9.65 AAA 5 Citi Financial Consumer Finance India Limited 500 5,058.78 9.64 AAA 6 Kotak Mahindra Prime Limited 450 4,813.47 9.18 AA 7 Mahindra & Mahindra Financial Services Limited 350 3,741.95 7.13 AA+ 8 National Bank For Agricultural And Rural Development Limited 12 119.33 0.23 AAA Total 43,598.26 83.12 Total 43,598.26 83.12 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 L&T Finance Limited 72 7,699.68 14.68 AA+ Total 7,699.68 14.68 Total 7,699.68 14.68 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Money Market Instruments 3 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit ICICI Bank Limited 60 57.52 0.11 A1+ Total 57.52 0.11 Total 57.52 0.11 Total Money Market Instruments 57.52 0.11 Total Money Market Instruments 57.52 0.11 44 Reverse Repos 7.26 0.01 55 Net Receivable / (Payable) 1,089.73 2.08 Net Assets as on September 30, 2007 52,452.45 100.00 Net Assets as on September 30, 2007 52,452.45 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 25HSBC FIXED TERM SERIES 25Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Sundaram Finance Limited 400 4,030.16 12.07 A1+ Total 4,030.16 12.07 Total 4,030.16 12.07 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Kotak Mahindra Prime Limited 500 5,038.27 15.09 P1+ 2 Kotak Mahindra Prime Limited 100 1,005.47 3.01 P1+ Total 6,043.74 18.10 Total 6,043.74 18.10 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total Total aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Indian Corporate Loan Securitisation Trust XXIX (BHW Finance) Series A1 PTC 42 3,986.74 11.94 A1+(SO) 2 Corporate Loan Securitisation Series XXIX Trust 2006 (Shriram Transport Finance) PTC 31 3,315.60 9.93 AA(SO) 3 Indian Corporate Loan Securitisation Trust -Series XXVIII - A1 (Yes Bank) PTC 25 2,373.94 7.11 P1+(SO) 4 Indian Retail ABS Trust 79 Series A5 (ICICI Bank) PTC 15 1,516.61 4.54 AAA(SO) 5 Indian Retail ABS Trust 80 Series A5 (ICICI Bank) PTC 15 1,516.61 4.54 AAA(SO) 6 Indian Retail ABS Trust 81 Series A5 (ICICI Bank) PTC 15 1,516.61 4.54 AAA(SO) 7 Indian Retail ABS Trust 82 Series A5 (ICICI Bank) PTC 15 1,516.61 4.54 AAA(SO) 8 Corporate Loan Securitisation Trust –Series XXV (Yes Bank) PTC 10 949.54 2.84 FAAA Total 16,692.27 49.98 Total 16,692.27 49.98 3 Money Market Instruments 3 Money Market Instruments a) Commercial Papers a) Commercial Papers L&T Finance Limited 795 3,786.39 11.34 PR1+ Total 3,786.39 11.34 Total 3,786.39 11.34 b) Certifi cate of Deposit b) Certifi cate of Deposit Kotak Mahindra Bank Limited 2,500 2,348.86 7.03 P1+ Total 2,348.86 7.03 Total 2,348.86 7.03 Total Money Market Instruments 6,135.25 18.37 Total Money Market Instruments 6,135.25 18.37 44 Reverse Repos 76.83 0.23 55 Net Receivable / (Payable) 417.93 1.25 Net Assets as on September 30, 2007 33,396.18 100.00 Net Assets as on September 30, 2007 33,396.18 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 27HSBC FIXED TERM SERIES 27Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Kotak Mahindra Prime Limited 100 1,007.29 9.96 P1+ Total 1,007.29 9.96 Total 1,007.29 9.96 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 ULS TRUST Sr I A2 (Unitech Limited) PTC 14 1,411.73 13.96 INDF1+(SO) Total 1,411.73 13.96 Total 1,411.73 13.96
3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total Total aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Indian Corporate Loan Securitisation Trust - Series XXX A1 (IFFCO) PTC 20 1,884.91 18.64 P1+(SO) 2 Corporate Loan Securitisation Series XXIX Trust 2006 (Shriram Transport Finance) PTC 9 962.59 9.52 AA(SO) 3 Indian Corporate Loan Securitisation Trust XXIX (BHW Finance) Series A1 PTC 8 759.38 7.51 A1+(SO) Total 3,606.88 35.67 Total 3,606.88 35.67 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 GE Capital Transportation Financial Services Limited 300 1,426.42 14.11 A1+ Total 1,426.42 14.11 Total 1,426.42 14.11 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 ICICI Bank Limited 2,000 1,903.59 18.82 A1+ 2 Tata Motor Finance Limited 100 476.52 4.71 P1+ 3 UCO Bank 150 143.55 1.42 A1+ Total 2,523.66 24.96 Total 2,523.66 24.96 Total Money Market Instruments 3,950.09 39.06 Total Money Market Instruments 3,950.09 39.06 55 Reverse Repos 75.08 0.74 66 Net Receivable / (Payable) 61.61 0.61 Net Assets as on September 30, 2007 10,112.68 100.00 Net Assets as on September 30, 2007 10,112.68 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 27HSBC FIXED TERM SERIES 27Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
HSBC FIXED TERM SERIES 28HSBC FIXED TERM SERIES 28Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Kotak Mahindra Prime Limited 250 2,518.55 9.98 LAA Total 2,518.55 9.98 Total 2,518.55 9.98 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Shriram Transport Finance Company Limited 250,000 2,592.17 10.27 INDF1+ Total 2,592.17 10.27 Total 2,592.17 10.27 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total Total aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 GTL Loan Trust Series A1 (Electrosteel) PTC 50 4,712.26 18.66 A1+(SO) 2 KST Loan Trust Series A1 (Shriram Transport Finance) PTC 25 2,637.47 10.45 AA(SO) 3 KSI Loan Trust Series I (GE Capital Services India) PTC 25 2,594.45 10.28 A1+(SO) 4 Corporate Loan Securitisation Series 8 A2 Trust08 (Kotak Mahindra Bank)PTC 18 1,926.53 7.63 P1+(SO) 5 Indian Corporate Loan Securitisation Trust - Series XXX A1 (IFFCO) PTC 10 942.45 3.73 P1+(SO) Total 12,813.17 50.75 Total 12,813.17 50.75 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Kotak Mahindra Prime Limited 550 2,567.04 10.17 P1+ Total 2,567.04 10.17 Total 2,567.04 10.17 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 ICICI Bank Limited 5,000 4,696.28 18.60 A1+ Total 4,696.28 18.60 Total 4,696.28 18.60 Total Money Market Instruments 7,263.32 28.77 Total Money Market Instruments 7,263.32 28.77 55 Reverse Repos 11.22 0.04 66 Net Receivable / (Payable) 50.13 0.20 Net Assets as on September 30, 2007 25,248.57 100.00 Net Assets as on September 30, 2007 25,248.57 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 29HSBC FIXED TERM SERIES 29 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Kotak Securities Limited 50 5,002.43 14.24 A1+ 2 SREI Infrastructure Finance Limited 2,500 2,515.35 7.16 PR1+ 3 Kotak Mahindra Prime Limited 250 2,500.00 7.12 P1+ 4 Kotak Mahindra Prime Limited 200 2,000.70 5.70 P1+ 5 ICICI Securities Limited 15 1,493.32 4.25 P1+ Total 13,511.80 38.48 Total 13,511.80 38.48 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Money Market Instruments 3 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 L&T Finance Limited 1,000 4,927.98 14.03 PR1+ Total 4,927.98 14.03 Total 4,927.98 14.03 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 ICICI Bank Limited 7,000 6,915.74 19.69 A1+ 2 Federal Bank Limited 5,000 4,899.13 13.95 P1+ 3 Kotak Mahindra Bank Limited 4,350 4,224.18 12.03 P1+ Total 16,039.05 45.67 Total 16,039.05 45.67 Total Money Market Instruments 20,967.03 59.70 Total Money Market Instruments 20,967.03 59.70 44 Reverse Repos 100.04 0.28 55 Net Receivable / (Payable) 539.12 1.54 Net Assets as on September 30, 2007 35,118.00 100.00 Net Assets as on September 30, 2007 35,118.00 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 30HSBC FIXED TERM SERIES 30 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citi Financial Consumer Finance India Limited 280 2,180.89 20.20 AAA 2 Sundaram Finance Limited 205 1,590.92 14.74 LAA+ Total 3,771.81 34.94 Total 3,771.81 34.94 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 GE Capital Services Limited 250 1,937.77 17.95 AAA 2 GE Money Financial Services Limited 250 1,937.77 17.95 AAA 3 Kotak Mahindra Prime Limited 130 1,001.48 9.28 LAA 4 GE Money Financial Services Limited 25 193.78 1.79 AAA 5 GE Capital Services Limited 24 186.03 1.72 AAA Total 5,256.83 48.69 Total 5,256.83 48.69 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Corporate Loan Securitisation Series15 Trust2008 A2 (Kotak Mahindra Bank) PTC 15 1,611.85 14.93 AA+(SO) Total 1,611.85 14.93 Total 1,611.85 14.93
4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers Total - - Total - - b) Certifi cate of Deposit b) Certifi cate of Deposit Total - - Total - - Total Money Market Instruments - - Total Money Market Instruments - - 55 Reverse Repos 1.57 0.01 66 Net Receivable / (Payable) 153.49 1.42 Net Assets as on September 30, 2007 10,795.54 100.00 Net Assets as on September 30, 2007 10,795.54 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 30HSBC FIXED TERM SERIES 30 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
HSBC FIXED TERM SERIES 31HSBC FIXED TERM SERIES 31 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age toSr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 L&T Finance Limited 50 5,000.00 17.43 PR1+(SO) 2 SREI Infrastructure Finance Limited 4,000 4,000.00 13.95 PR1+ 3 Birla Global Finance Limited 2,500,000 2,500.00 8.72 A1+ 4 Dewan Housing Finance Corporation Limited 250 2,500.00 8.72 P1+ 5 Ballarpur Industries Limited 150 1,500.00 5.23 UNRATED Total 15,500.00 54.04 Total 15,500.00 54.04 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Adlabs Films Limited 327 1,633.60 5.70 A1+ Total 1,633.60 5.70 Total 1,633.60 5.70 b) Certifi cate of Deposit b) Certifi cate of Deposit ABN Amro Bank 2,500 2,494.55 8.70 A1+ Total 2,494.55 8.70 Total 2,494.55 8.70 Total Money Market Instruments 4,128.14 14.39 Total Money Market Instruments 4,128.14 14.39 55 Fixed Deposits*** 5,401.00 18.83 66 Reverse Repos 3,225.43 11.25 77 Net Receivable / (Payable) 427.24 1.49 Net Assets as on September 30, 2007 28,681.81 100.00 Net Assets as on September 30, 2007 28,681.81 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
*** For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
HSBC FIXED TERM SERIES 32HSBC FIXED TERM SERIES 32Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total - - Total - - 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Corporate Loan Securitisation Trust Series 30 Trust 2008 - A2 (Kotak Mahindra Bank) PTC 20 2,334.53 19.28 PR1+(SO) 2 Corporate Loan Securitisation Series 29 Tr2008 A2 (PFC) PTC 25 2,330.64 19.24 A1+(SO) Total 4,665.17 38.52 Total 4,665.17 38.52 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 DSP Merrill Lynch Capital Limited 500 2,329.14 19.23 P1+ 2 Kotak Securities Limited 500 2,328.56 19.23 A1+ 3 SBI Cards & Payment Services Limited 440 2,048.68 16.92 P1+ Total 6,706.39 55.37 Total 6,706.39 55.37 b) Certifi cate of Deposit b) Certifi cate of Deposit Kotak Mahindra Bank Limited 770 722.12 5.96 P1+ Total 722.12 5.96 Total 722.12 5.96 Total Money Market Instruments 7,428.51 61.34 Total Money Market Instruments 7,428.51 61.34 55 Reverse Repos 2.88 0.02 66 Net Receivable / (Payable) 14.79 0.12 Net Assets as on September 30, 2007 12,111.35 100.00 Net Assets as on September 30, 2007 12,111.35 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 33HSBC FIXED TERM SERIES 33Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Kotak Mahindra Prime Limited 350 3,500.00 12.56 P1+ 2 Kotak Securities Limited 25 2,507.30 9.00 A1+ 3 Kotak Mahindra Investment Limited 250 2,507.03 8.99 A1+ 4 GE Money Financial Services Limited 200 2,009.63 7.21 AAA 5 Kotak Securities Limited 15 1,502.40 5.39 A1+ 6 Kotak Securities Limited 15 1,501.02 5.38 A1+ 7 Kotak Mahindra Investment Limited 100 1,000.80 3.59 A1+ Total 14,528.19 52.12 Total 14,528.19 52.12 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 BHW Home Finance Limited 150 1,500.00 5.38 LAA+ Total 1,500.00 5.38 Total 1,500.00 5.38 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Reliance Capital Limited 1,100 5,037.64 18.07 A1+ 2 GE Capital Transportation Financial Services Limited 900 4,127.86 14.81 A1+ 3 L&T Finance Limited 5 23.81 0.09 PR1+ 4 Kotak Mahindra Prime Limited 5 23.34 0.08 P1+ Total 9,212.65 33.05 Total 9,212.65 33.05 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 Axis Bank Limited 2,500 2,297.49 8.24 P1+ 2 IDBI Bank Limited 140 131.50 0.47 P1+ 3 Kotak Mahindra Bank Limited 20 18.76 0.07 P1+ Total 2,447.75 8.78 Total 2,447.75 8.78 Total Money Market Instruments 11,660.40 41.83 Total Money Market Instruments 11,660.40 41.83 55 Reverse Repos 65.80 0.24 66 Net Receivable / (Payable) 119.79 0.43 Net Assets as on September 30, 2007 27,874.18 100.00 Net Assets as on September 30, 2007 27,874.18 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
Issued by HSBC Asset Management (India) Private Limited
HSBC FIXED TERM SERIES 34HSBC FIXED TERM SERIES 34 Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) Net Assets No. (Rs in Lacs) Net Assets 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Shriram Transport Finance Company Limited 150,000 1,500.00 9.75 UNRATED Total 1,500.00 9.75 Total 1,500.00 9.75 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Sundaram Finance Limited 400 1,930.80 12.55 P1+ 2 Standard Chartered Investments And Loans (India) Limited 400 1,920.39 12.48 P1+ Total 3,851.19 25.04 Total 3,851.19 25.04 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 The Jammu & Kashmir Bank Limited 3,000 2,883.37 18.75 P1+ 2 Indian Bank 3,000 2,882.44 18.74 INDF1+ 3 Union Bank Of India 2,400 2,287.73 14.87 A1+ 4 Centurion Bank Of Punjab Limited 2,000 1,910.04 12.42 INDF1+ Total 9,963.59 64.77 Total 9,963.59 64.77 Total Money Market Instruments 13,814.78 89.81 Total Money Market Instruments 13,814.78 89.81 55 Reverse Repos 65.41 0.43 66 Net Receivable / (Payable) 1.75 0.01 Net Assets as on September 30, 2007 15,381.95 100.00 Net Assets as on September 30, 2007 15,381.95 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC FIXED TERM SERIES 35HSBC FIXED TERM SERIES 35Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) Net Assets No. (Rs in Lacs) Net Assets 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 GE Capital Services Limited 680 6,805.88 16.62 AAA 2 GE Money Financial Services Limited 680 6,805.88 16.62 AAA 3 Reliance Capital Limited 65 6,505.18 15.89 A1+ 4 Cholamandalam DBS Finance Limited 350 3,509.20 8.57 LAA 5 Shriram Transport Finance Company Limited 340,000 3,423.06 8.36 INDF1+ 6 Shriram Transport Finance Company Limited 340 3,381.89 8.26 INDAA Total 30,431.10 74.32 Total 30,431.10 74.32 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total - - Total - - 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Unitech Limited 560 2,508.39 6.13 INDF1+ Total 2,508.39 6.13 Total 2,508.39 6.13 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 ICICI Bank Limited 3,100 2,855.02 6.97 A1+ Total 2,855.02 6.97 Total 2,855.02 6.97 Total Money Market Instruments 5,363.41 13.10 Total Money Market Instruments 5,363.41 13.10 5 Reverse Repos 25.28 0.06 6 Net Receivable / (Payable) 5,124.21 12.52 Net Assets as on September 30, 2007 40,944.00 100.00 Net Assets as on September 30, 2007 40,944.00 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC CASH FUND HSBC CASH FUND Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** Total 0.00 0.00 Total 0.00 0.00 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Emaar MGF Land Limited 50 5,000.00 2.73 UNRATED Total 5,000.00 2.73 Total 5,000.00 2.73 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 IDBI Bank Limited 550 5,500.00 3.01 AA+ 2 Indian Railway Finance Corporation Limited 500 5,001.28 2.74 AAA 3 ICICI Bank Limited 350 3,512.24 1.92 AAA 4 Housing Development Finance Corporation Limited 300 3,022.59 1.65 LAAA 5 Axis Bank Limited 300 2,997.96 1.64 LAA+ 6 Sundaram Finance Limited 250 2,500.85 1.37 AA+ 7 Cholamandalam DBS Finance Limited 250 2,500.00 1.37 MAA+ 8 Citicorp Finance Limited 250 2,500.00 1.37 AAA 9 DSP Merrill Lynch Capital Limited 250 2,500.00 1.37 AAA(FSO) 10 IDBI Bank Limited 210 2,138.71 1.17 AA+ 11 Sundaram Finance Limited 200 2,000.00 1.09 MAAA 12 IDBI Bank Limited 150 1,518.72 0.83 LAA+ 13 Finolex Industries Limited 150 1,444.95 0.79 AA 14 Mahindra & Mahindra Financial Services Limited 50 500.00 0.27 AA+ 15 Infrastructure Development Finance Company Limited 30 300.21 0.16 AAA Total 37,937.52 20.75 Total 37,937.52 20.75 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Hero Honda Finlease Limited 10 1,000.00 0.55 P1+ Total 1,000.00 0.55 Total 1,000.00 0.55 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly Traded** b) Non Traded / Thinly Traded** 1 UBLTrust Series 22 (DLF) PTC 60 5,999.10 3.28 IND A+(SO) 2 Indian Retail ABS Trust 59 A1Y (ICICI Bank) PTC 50 1,800.00 0.98 AAA(SO) 3 BHPC Auto Securitisation Trust May 2005 II Series A3 (Tata Motors) PTC 10 272.78 0.15 AAA(SO) 4 TAS Trust -Series II A2 (Tata Tea) PTC 13 62.45 0.03 A1+(SO) Total 8,134.33 4.45 Total 8,134.33 4.45 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Tata Motor Finance Limited 1,000 4,909.74 2.69 P1+ 2 SBI Cards & Payment Services Limited 1,000 4,886.62 2.67 P1+ 3 Kotak Securities Limited 500 2,464.40 1.35 A1+ 4 Redington (India) Limited 400 1,996.48 1.09 P1+ 5 ICICI Securities Primary Dealership Limited 270 1,345.48 0.74 P1+ 6 Jindal Steel & Power Limited 240 1,199.23 0.66 A1+ 7 IDBI Home Finance Limited 200 999.15 0.55 A1+ 8 Standard Chartered Investments And Loans (India) Limited 180 859.28 0.47 P1+ 9 Adlabs Films Limited 73 364.69 0.20 A1+ Total 19,025.06 10.40 Total 19,025.06 10.40 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 Punjab National Bank 10,000 9,864.16 5.39 A1+ 2 Allahabad Bank 5,000 4,850.91 2.65 PR1+ 3 Federal Bank Limited 5,000 4,612.79 2.52 P1+ 4 State Bank Of Patiala 5,000 4,611.60 2.52 A1+ 5 Federal Bank Limited 5,000 4,608.32 2.52 P1+ 6 Allahabad Bank 4,000 3,863.99 2.11 PR1+ 7 Yes Bank Limited 2,500 2,500.00 1.37 A1+ 8 Union Bank Of India 2,500 2,384.93 1.30 P1+ 9 State Bank Of Patiala 2,500 2,360.08 1.29 A1+ 10 Federal Bank Limited 2,500 2,352.00 1.29 P1+ 11 State Bank Of Saurashtra 2,000 1,909.12 1.04 A1+ 12 UCO Bank 1,650 1,578.50 0.86 A1+ 13 ICICI Bank Limited 1,500 1,442.39 0.79 A1+ 14 State Bank Of Travancore 1,500 1,442.16 0.79 P1+ 15 UCO Bank 1,000 961.81 0.53 P1+ 16 Union Bank Of India 1,000 961.20 0.53 A1+ 17 ICICI Bank Limited 1,000 958.08 0.52 A1+ 18 IDBI Bank Limited 550 526.51 0.29 A1+ 19 ICICI Bank Limited 255 244.45 0.13 A1+ 20 Union Bank Of India 100 95.30 0.05 A1+ Total 52,128.30 28.51 Total 52,128.30 28.51
c) Bill Rediscounted c) Bill Rediscounted Total 0.00 0.00 Total 0.00 0.00 Total Money Market Instruments 71,153.36 38.91 Total Money Market Instruments 71,153.36 38.91 5 5 Fixed Deposit*** 30,000.00 16.41 66 Reverse Repos 36,433.22 19.93 77 Net Receivable / (Payable) -6,809.12 -3.72 Net Assets as on September 30, 2007 182,849.32 100.00 Net Assets as on September 30, 2007 182,849.32 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
*** For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
HSBC CASH FUND HSBC CASH FUND Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) Net Assets No. (Rs in Lacs) Net Assets
HSBC FLOATING RATE FUND - SHORT TERM PLANHSBC FLOATING RATE FUND - SHORT TERM PLAN Half Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Rating Sr. Name of the Instrument Quantity Market Value % age to Rating No. (Rs in Lacs) Net Assets No. (Rs in Lacs) Net Assets 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 GE Capital Services Limited 23 2,604.41 10.93 AAA Total 2,604.41 10.93 Total 2,604.41 10.93 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total 0.00 0.00 Total 0.00 0.00 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citicorp Finance Limited 100 1,000.00 4.20 AAA 2 Citicorp Finance Limited 100 1,000.00 4.20 AAA 3 Mahindra & Mahindra Financial Services Limited 110 1,100.00 4.62 AA+ 4 Housing Development Finance Corporation Limited 100 1,007.53 4.23 LAAA 5 IDBI Bank Limited 30 305.53 1.28 AA+ Total 4,413.06 18.52 Total 4,413.06 18.52 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** Total 0.00 0.00 Total 0.00 0.00 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly Traded** b) Non Traded / Thinly Traded** 1 UBLTrust Series 22 (DLF) PTC 10 999.85 4.20 IND A+(SO) Total 999.85 4.20 Total 999.85 4.20 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Tata Motors Limited 500 2,405.44 10.10 P1+ Total 2,405.44 10.10 Total 2,405.44 10.10 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 State Bank Of Mysore 3,000 2,884.80 12.11 A1+ 2 Centurion Bank Of Punjab Limited 1,500 1,468.63 6.16 INDF1+ 3 Canara Bank 1,400 1,348.00 5.66 P1+ 4 ICICI Bank Limited 1,300 1,246.23 5.23 A1+ 5 Union Bank Of India 1,275 1,231.60 5.17 A1+ 6 ICICI Bank Limited 1,000 965.96 4.05 A1+ 7 State Bank Of Travancore 700 673.01 2.82 P1+ 8 Allahabad Bank 500 480.83 2.02 PR1+ 9 Indian Bank 500 480.56 2.02 INDF1+ Total 10,779.62 45.24 Total 10,779.62 45.24 Total Money Market Instruments 13,185.06 55.34 Total Money Market Instruments 13,185.06 55.34 55 Reverse Repos 2,405.70 10.10 66 Net Receivable / (Payable) 219.45 0.92 Net Assets as on September 30, 2007 23,827.53 100.00 Net Assets as on September 30, 2007 23,827.53 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
HSBC LIQUID PLUS FUNDHSBC LIQUID PLUS FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating 1 Debt Instruments 1 Debt Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 Citicorp Finance Limited 900 8,959.65 1.44 AAA 2 National Bank For Agricultural And Rural Development Limited 230 2,320.61 0.37 AAA 3 Housing Development Finance Corporation Limited 250 2,223.29 0.36 AAA 4 Mahindra & Mahindra Financial Services Limited 150 1,632.55 0.26 AA+ 5 Housing Development Finance Corporation Limited 100 995.02 0.16 AAA 6 Citi Financial Consumer Finance India Limited 32 316.64 0.05 AAA 7 Sundaram Finance Limited 10 98.41 0.02 AA+ Total 16,546.17 2.67 Total 16,546.17 2.67 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 ICICI Securities Limited 2,200 11,000.00 1.77 P1+ 2 Infrastructure Development Finance Company Limited 1,000 10,000.00 1.61 P1+ 3 Rabo India Finance Limited 750 7,500.00 1.21 P1+ 4 Emaar MGF Land Limited 50 5,000.00 0.81 UNRATED 5 Emaar MGF Land Limited 50 5,000.00 0.81 UNRATED 6 Emaar MGF Land Limited 50 5,000.00 0.81 UNRATED 7 Emaar MGF Land Limited 50 5,000.00 0.81 UNRATED 8 Emaar MGF Land Limited 50 5,000.00 0.81 PR1+ 9 GE Money Financial Services Limited 26 2,951.05 0.48 AAA 10 Kotak Mahindra Prime Limited 250 2,500.00 0.40 P1+ 11 Kotak Mahindra Prime Limited 200 2,000.00 0.32 P1+ 12 Shriram Transport Finance Company Limited 100,000 1,094.77 0.18 INDAA- 13 GE Money Financial Services Limited 100 1,000.81 0.16 AAA 14 Shriram Transport Finance Company Limited 100,000 1,000.00 0.16 UNRATED 15 J M Financial Products Private Limited 3 300.00 0.05 P1+ 16 Kotak Mahindra Prime Limited 20 201.46 0.03 P1+ Total 64,548.09 10.40 Total 64,548.09 10.40 2 MIBOR Linked / Floating Rate Instruments 2 MIBOR Linked / Floating Rate Instruments a) Listed / Awaiting listing on Stock Exchanges a) Listed / Awaiting listing on Stock Exchanges ai) Traded ai) Traded Total - - Total - - aii) Non Traded / Thinly Traded** aii) Non Traded / Thinly Traded** 1 IDBI Bank Limited 750 7,500.00 1.21 AA+ 2 Citicorp Finance Limited 500 5,000.00 0.81 AAA 3 Power Finance Corporation Limited 300 3,001.12 0.48 AAA 4 Citicorp Finance Limited 300 3,000.38 0.48 AAA 5 Citicorp Maruti Finance Limited 250 2,500.00 0.40 AAA 6 Mahindra & Mahindra Financial Services Limited 250 2,499.69 0.40 AA+ 7 Infrastructure Development Finance Company Limited 220 2,201.54 0.35 AAA 8 ICICI Bank Limited 150 1,504.26 0.24 AAA 9 Axis Bank Limited 150 1,500.54 0.24 LAA+ 10 Citicorp Finance Limited 150 1,500.00 0.24 AAA 11 Mahindra & Mahindra Financial Services Limited 140 1,400.00 0.23 AA+ 12 Housing Development Finance Corporation Limited 100 1,007.53 0.16 LAAA Total 32,615.07 5.26 Total 32,615.07 5.26 b) Privately Placed / Unlisted** b) Privately Placed / Unlisted** 1 Tata Sons Limited 1,500 15,002.33 2.42 AAA 2 GE Money Financial Services Limited 25 2,500.00 0.40 AAA 3 L&T Finance Limited 15 1,500.00 0.24 AA+ 4 Hero Honda Finlease Limited 10 1,000.00 0.16 P1+ Total 20,002.33 3.22 Total 20,002.33 3.22 3 Securitised Debt (Unlisted) 3 Securitised Debt (Unlisted) a) Traded a) Traded Total - - Total - - b) Non Traded / Thinly Traded** b) Non Traded / Thinly Traded** 1 ABS Trust 85 Series A1A 2008 (ICICI Bank) PTC 151 7,242.60 1.17 P1+(SO) 2 KUL Loan Trust Series A1(Option B) (GE Capital Services) PTC 50 5,010.76 0.81 INDF1+(SO) 3 Corporate Loan Securitisation Series 35 Trust 2008 (Kotak Mahindra Bank) Option II PTC 40 4,087.47 0.66 INDF1+(SO) 4 ULS TRUST Series I A2 (Unitech Limited) PTC 36 3,630.18 0.58 INDF1+(SO) 5 UBLTrust Series 22 (DLF) PTC 26 2,599.61 0.42 IND A+(SO) 6 IGHCC2 Loan Trust Series I (GE Capital) PTC 25 2,500.00 0.40 AA+(SO) 7 Indian Corporate Loan Securitisation Trust Series – IX(Yes Bank) PTC 20 2,012.29 0.32 AA(SO) 8 Fleet Trust June 2005 Series A2 (CFIL) PTC 25 1,431.04 0.23 AAA(SO) 9 Corporate Loan Securitisation Series 29 Trust 2008 A2 (PFC) PTC 15 1,398.38 0.23 A1+(SO) 10 Corporate Loan Securitisation Trust Series 30 Trust 2008 - A2 (Kotak Mahindra Bank) PTC 9 1,050.54 0.17 PR1+(SO) 11 Indian Corporate Loan Securitisation Trust -Series XXXV (A1) (TML Financial Services) PTC 10 912.11 0.15 AA+(SO) 12 UBL Trust Series 27 (Unitech Limited) PTC 8 795.98 0.13 IND A+(SO) 13 Corporate Loan Securitisation Series 15 Trust 2008 A1(Kotak Mahindra Bank) PTC 5 547.05 0.09 AA+(SO) 14 Corporate Loan Securitisation Series 8 A2 Trust08 (Kotak Mahindra Bank)PTC 4 428.12 0.07 P1+(SO) 15 BHPC Auto Securitisation Trust May 2005 II Series A3 (Tata Motors) PTC 15 409.17 0.07 AAA(SO) 16 GTL Loan Trust Series A2 (Electrosteel) PTC 6 393.34 0.06 A1+(SO)
17 Corporate Loan Securitisation Series 30 Trust 2008 A1 (Kotak Mahindra Bank) PTC 4 375.51 0.06 PR1+(SO) 18 Indian Corporate Loan Security Trust Series XXIX (BHW Financial) Series A2 PTC 50 354.75 0.06 A1+(SO) 19 Indian Retail ABS Trust Series 56 A1X (ICICI Bank) PTC 15 316.68 0.05 AAA(SO) 20 Corporate Loan Securitisation Series 29 Trust 2008 A1 (PFC) PTC 4 305.27 0.05 A1+(SO) 21 GECSI Loan Series I Class D (IRFC) PTC 3 302.58 0.05 AAA(SO) 22 Indian Retail ABS Trust 67 Series A2 (ICICI Bank) PTC 5 284.94 0.05 LAAA(SO) 23 Indian Corporate Loan Sec Trust - Sr XXX A2 (IFFCO) PTC 30 229.60 0.04 P1+(SO) 24 UBL Trust Series 28 (Unitech Limited) PTC 2 199.75 0.03 IND A+(SO) 25 Corporate Loan Securitisation Series 8 A1 Trust 08 (Kotak Mahindra Bank) PTC 2 171.91 0.03 P1+(SO) 26 Indian Corporate Loan Securistisation Trust (A2) -Series XXXV (Yes Bank) PTC 10 106.54 0.02 AA+(SO) 27 TAS Trust -Series II A2 (Tata Tea) PTC 12 57.64 0.01 A1+(SO) 28 Fleet Trust April 2004 VII Series A7 (CFIL) PTC 5 20.50 0.00 AAA (IND)(SO) Total 37,174.32 5.99 Total 37,174.32 5.99 4 Money Market Instruments 4 Money Market Instruments a) Commercial Papers a) Commercial Papers 1 Tata Motors Limited 2,000 9,609.56 1.55 P1+ 2 ICICI Home Finance Company Limited 2,000 9,162.10 1.48 A1+ 3 Tata Motor Finance Limited 1,000 4,909.74 0.79 P1+ 4 GE Money Financial Services Limited 1,000 4,887.71 0.79 P1+ 5 GE Capital Transportation Financial Services Limited 800 3,893.94 0.63 UNRATED 6 L&T Finance Limited 600 2,945.58 0.47 PR1+ 7 GE Money Financial Services Limited 600 2,933.17 0.47 P1+ 8 Kotak Securities Limited 500 2,464.40 0.40 A1+ 9 GE Capital Transportation Financial Services Limited 500 2,448.69 0.39 A1+ 10 GE Capital Transportation Financial Services Limited 500 2,448.22 0.39 A1+ 11 Sundaram Finance Limited 400 1,935.90 0.31 P1+ 12 L&T Finance Limited 300 1,469.04 0.24 PR1+ 13 Tata Motor Finance Limited 300 1,429.57 0.23 P1+ 14 L&T Finance Limited 280 1,333.57 0.21 PR1+ 15 ICICI Securities Primary Dealership Limited 200 995.80 0.16 P1+ 16 Jindal Steel & Power Limited 120 599.62 0.10 A1+ 17 Standard Chartered Investments And Loans (India) Limited 20 95.20 0.02 P1+ Total 53,561.79 8.63 Total 53,561.79 8.63 b) Certifi cate of Deposit b) Certifi cate of Deposit 1 Deutsche Bank 24,800 23,967.32 3.86 P1+ 2 Punjab National Bank 20,000 19,710.90 3.18 A1+ 3 State Bank Of Patiala 15,000 14,393.67 2.32 P1+ 4 ICICI Bank Limited 12,500 12,035.64 1.94 A1+ 5 The Jammu & Kashmir Bank Limited 12,000 11,533.49 1.86 P1+ 6 State Bank Of Saurashtra 10,000 9,862.35 1.59 A1+ 7 Punjab National Bank 10,000 9,640.49 1.55 INDF1+ 8 State Bank Of Hyderabad 10,000 9,492.86 1.53 A1+ 9 Union Bank Of India 10,000 9,343.61 1.51 P1+ 10 Citibank N.A. 10,000 9,333.21 1.50 P1+ 11 Punjab National Bank 10,000 9,205.05 1.48 INDF1+ 12 State Bank Of Patiala 9,000 8,305.22 1.34 A1+ 13 ING Vysya Bank Limited 7,500 7,319.83 1.18 P1+ 14 UCO Bank 7,500 7,240.39 1.17 P1+ 15 ICICI Bank Limited 7,500 7,226.35 1.16 A1+ 16 ICICI Bank Limited 7,600 6,996.94 1.13 A1+ 17 Indian Bank 7,000 6,725.70 1.08 INDF1+ 18 ICICI Bank Limited 6,900 6,354.51 1.02 A1+ 19 State Bank Of Mysore 6,000 5,730.51 0.92 A1+ 20 Canara Bank 5,875 5,665.77 0.91 P1+ 21 ICICI Bank Limited 5,500 5,318.36 0.86 A1+ 22 ABN Amro Bank 5,000 4,939.05 0.80 A1+ 23 State Bank Of Hyderabad 5,000 4,823.88 0.78 A1+ 24 Allahabad Bank 5,000 4,803.62 0.77 PR1+ 25 Karur Vysya Bank Limited 4,500 4,437.80 0.72 INDF1+ 26 Punjab National Bank 3,500 3,338.77 0.54 A1+ 27 Yes Bank Limited 3,200 3,049.94 0.49 A1+ 28 Kotak Mahindra Bank Limited 3,210 3,017.36 0.49 P1+ 29 UCO Bank 2,600 2,500.02 0.40 A1+ 30 ICICI Bank Limited 2,500 2,428.63 0.39 A1+ 31 ICICI Bank Limited 2,500 2,418.94 0.39 A1+ 32 Kotak Mahindra Bank Limited 2,500 2,414.83 0.39 P1+ 33 Union Bank Of India 2,500 2,394.32 0.39 P1+ 34 State Bank Of India 2,500 2,368.73 0.38 P1+ 35 State Bank Of Patiala 2,500 2,360.38 0.38 A1+ 36 Axis Bank Limited 2,500 2,352.23 0.38 P1+ 37 IDBI Bank Limited 2,500 2,298.02 0.37 A1+ 38 Union Bank Of India 2,125 2,042.56 0.33 A1+ 39 ICICI Bank Limited 2,000 1,934.53 0.31 A1+ 40 Kotak Mahindra Bank Limited 1,650 1,602.28 0.26 P1+ 41 Allahabad Bank 1,500 1,442.45 0.23 PR1+ 42 State Bank Of Travancore 1,000 966.03 0.16 P1+ 43 Allahabad Bank 1,000 966.00 0.16 PR1+ 44 ICICI Bank Limited 1,000 940.93 0.15 P1+ 45 IDBI Bank Limited 750 717.96 0.12 A1+ 46 IDBI Bank Limited 760 713.87 0.12 P1+ 47 State Bank Of Indore 500 482.45 0.08 P1+ Total 267,157.72 43.05 Total 267,157.72 43.05 c) Bill Rediscounted c) Bill Rediscounted Total - - Total - - Total Money Market Instruments 320,719.52 51.68 Total Money Market Instruments 320,719.52 51.68 55 Fixed Deposit*** 112,500.00 18.13 66 Reverse Repos 146.86 0.02 77 Net Receivable / (Payable) 16,394.87 2.64 Net Assets as on September 30, 2007 620,647.22 100.00 Net Assets as on September 30, 2007 620,647.22 100.00
** Securities are classifi ed as thinly traded / non traded on the date of valuation in accordance with SEBI Regulations and Guidelines.
*** For detailed description, please refer to “Fixed Deposits” Table at the end of the disclosure.
HSBC LIQUID PLUS FUNDHSBC LIQUID PLUS FUNDHalf Yearly Portfolio Statement as of September 30, 2007
Sr. Name of the Instrument Quantity Market Value % age to Sr. Name of the Instrument Quantity Market Value % age to No. (Rs in Lacs) Net Assets Rating No. (Rs in Lacs) Net Assets Rating
Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2007Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2007
Scheme / Plan /Option Name NAV per unit as on NAV per unit as onScheme / Plan /Option Name NAV per unit as on NAV per unit as on September 30, 2007 / March 30, 2007 / September 30, 2007 / March 30, 2007 / Date of Last NAV * Date of First NAV * Date of Last NAV * Date of First NAV *HSBC Equity Fund - Dividend ^ 36.8640 28.1204HSBC Equity Fund - Growth ^ 88.9539 67.8588HSBC Income Fund - Short Term Plan - Regular Option - Dividend ^ 10.8818 10.3381HSBC Income Fund - Short Term Plan - Regular Option - Growth ^ 13.0428 12.3912HSBC Income Fund - Short Term Plan - Institutional Option - Dividend ^ 10.0801 9.9754HSBC Income Fund - Short Term Plan - Institutional Option - Growth (15 May 2007)*^ 10.1848 10.0015HSBC Income Fund - Short Term Plan - Institutional Option - Weekly Dividend (03 July 2007) *^ 10.1184 10.0025HSBC Income Fund - Short Term Plan - Regular Option - Weekly Dividend (09 July 2007)*^ 10.1041 10.0131HSBC Income Fund - Investment Plan - Regular Option - Dividend ^ 10.5117 10.2980HSBC Income Fund - Investment Plan - Regular Option - Growth ^ 12.9186 12.3337HSBC Income Fund - Investment Plan - Institutional Option - Growth ^ 13.3625 12.7068HSBC Cash Fund - Regular Option- Daily Dividend 10.1930 10.1930HSBC Cash Fund - Regular Option - Growth 13.0795 12.6096HSBC Cash Fund - Institutional Option - Growth 13.1305 12.6492HSBC Cash Fund - Institutional Option - Daily Dividend 10.4401 10.4401HSBC Cash Fund - Institutional Option - Weekly Dividend 10.4537 10.4701HSBC Cash Fund - Institutional Option - Monthly Dividend 10.4571 10.5391HSBC Cash Fund - Institutional Plus Option - Growth 12.2672 11.8104HSBC Cash Fund - Institutional Plus Option - Daily Dividend 10.0056 10.0056HSBC Cash Fund - Institutional Plus Option - Weekly Dividend 10.0320 10.0264HSBC Cash Fund - Institutional Plus Option - Monthly Dividend 10.0125 10.0931HSBC Cash Fund - Regular Option - Weekly Dividend 10.0078 10.0233HSBC Gilt Fund - Short Term Plan - Dividend Option ^ 10.7674 10.8049HSBC Gilt Fund - Short Term Plan - Growth Option ^ 11.3725 11.1945HSBC India Opportunities Fund-Dividend ^ 20.6477 16.2421HSBC India Opportunities Fund-Growth ^ 34.0010 26.7425HSBC Advantage India Fund-Dividend ^ 14.6663 11.7374HSBC Advantage India Fund-Growth ^ 15.9721 11.7374HSBC Floating Rate Fund - Long Term Plan - Regular Option - Dividend ^ 10.0618 10.0902HSBC Floating Rate Fund - Long Term Plan - Regular Option - Growth ^ 11.9754 11.4580HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Growth ^ 12.0489 11.5143HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Weekly Dividend ^ 11.0600 10.5684HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend ^ 10.0715 10.1210HSBC Floating Rate Fund - Short Term Plan - Regular Option - Daily Dividend 10.0000 10.0000HSBC Floating Rate Fund - Short Term Plan - Regular Option - Growth 11.9392 11.4764HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Growth 12.0128 11.5327HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Daily Dividend 10.0132 10.0159HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Weekly Dividend 10.0456 10.0471HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Monthly Dividend 10.0632 10.1042HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Growth (03 April 2007)* 10.1889 10.0026HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Daily Dividend 10.0262 10.0262HSBC Floating Rate Fund - Short Term Plan - Regular Option - Weekly Dividend 10.0056 10.0218HSBC MIP - Regular Plan-Monthly Dividend ^ 10.9951 10.4375HSBC MIP - Regular Plan-Growth ^ 13.4149 12.2651HSBC MIP - Regular Plan-Quarterly Dividend ^ 10.9717 10.4277HSBC MIP - Savings Plan-Monthly Dividend ^ 11.5529 10.7014HSBC MIP - Savings Plan-Growth ^ 14.7745 13.1146HSBC MIP - Savings Plan-Quarterly Dividend ^ 11.5625 10.7465HSBC Midcap Equity Fund-Dividend ^ 18.6386 13.8256HSBC Midcap Equity Fund-Growth ^ 24.5041 18.1774HSBC Fixed Term Series - 15 -Regular Option - Dividend ^ 10.0360 10.0297HSBC Fixed Term Series - 15 -Regular Option - Growth ^ 10.7775 10.2789
Issued by HSBC Asset Management (India) Private Limited
HSBC Fixed Term Series - 15 -Institutional Option - Dividend ^ 10.0416 10.0313HSBC Fixed Term Series - 15 -Institutional Option - Growth ^ 10.8207 10.2997HSBC Liquid Plus Fund - Regular Option- Daily Dividend ^ 10.0122 10.0122HSBC Liquid Plus Fund - Regular Option - Growth ^ 10.7818 10.3595HSBC Liquid Plus Fund - Institutional Option - Growth ^ 10.7972 10.3666HSBC Liquid Plus Fund - Institutional Option - Daily Dividend ^ 10.0125 10.0125HSBC Liquid Plus Fund - Institutional Option - Weekly Dividend ^ 10.0434 10.0469HSBC Liquid Plus Fund - Institutional Option - Monthly Dividend ^ 10.1407 10.1046HSBC Liquid Plus Fund - Institutional Plus Option - Growth ^ 10.8076 10.3713HSBC Liquid Plus Fund - Institutional Plus Option - Daily Dividend ^ 10.0126 10.0126HSBC Liquid Plus Fund - Institutional Plus Option - Weekly Dividend ^ 10.0441 10.0474HSBC Liquid Plus Fund - Institutional Plus Option - Monthly Dividend ^ 10.1391 10.1050HSBC Liquid Plus Fund - Regular Option - Weekly Dividend ^ 10.0425 10.0460HSBC Fixed Term Series - 21 -Regular Option - Dividend ^ 10.0418 10.0222HSBC Fixed Term Series - 21 -Regular Option - Growth ^ 10.6272 10.0670HSBC Fixed Term Series - 21 -Institutional Option - Dividend ^ 10.0436 10.0234HSBC Fixed Term Series - 21 -Institutional Option - Growth ^ 10.6625 10.0780HSBC Tax Saver Equity Fund - Growth ^ 11.9847 9.4098HSBC Tax Saver Equity Fund - Dividend ^ 11.9847 9.4098HSBC Fixed Term Series - 22 -Regular Option - Dividend ^ 10.0461 10.0296HSBC Fixed Term Series - 22 -Regular Option - Growth ^ 10.6229 10.0479HSBC Fixed Term Series - 22 -Institutional Option - Growth ^ 10.6482 10.0543HSBC Fixed Term Series - 23 -Regular Option - Dividend ^ 10.0999 10.0260HSBC Fixed Term Series - 23 -Regular Option - Growth ^ 10.6364 10.0706HSBC Fixed Term Series - 23 -Institutional Option - Dividend ^ 10.1015 10.0278HSBC Fixed Term Series - 23 -Institutional Option - Growth ^ 10.6652 10.0744HSBC Fixed Term Series - 24 -Regular Option - Dividend ^ 10.6788 10.0497HSBC Fixed Term Series - 24 -Regular Option - Growth ^ 10.6788 10.0497HSBC Fixed Term Series - 25 -Regular Option - Dividend ^ 10.1054 10.0274HSBC Fixed Term Series - 25 -Regular Option - Growth ^ 10.5969 10.0274HSBC Fixed Term Series - 25 -Institutional Option - Dividend ^ 10.1071 10.0284HSBC Fixed Term Series - 25 -Institutional Option - Growth ^ 10.6216 10.0284HSBC Unique Opportunities Fund -Growth ^ 12.6839 10.2051HSBC Unique Opportunities Fund -Dividend ^ 12.6839 10.2051HSBC Fixed Term Series - 27 -Regular Option - Dividend ^ 10.0693 10.0120HSBC Fixed Term Series - 27 -Regular Option - Growth ^ 10.5583 10.0120HSBC Fixed Term Series - 27 -Institutional Option - Growth ^ 10.5822 10.0122HSBC Fixed Term Series - 28 -Regular Option - Dividend (23 May 2007)*^ 10.0732 10.0180 HSBC Fixed Term Series - 28 -Regular Option - Growth (23 May 2007)*^ 10.4087 10.0180 HSBC Fixed Term Series - 28 -Institutional Option - Dividend (23 May 2007)*^ 10.0787 10.0183 HSBC Fixed Term Series - 28 -Institutional Option - Growth (23 May 2007)*^ 10.4236 10.0183 HSBC Fixed Term Series - 29 -Regular Option - Dividend (22 May 2007)*^ 10.3757 10.0210 HSBC Fixed Term Series - 29 -Regular Option - Growth (22 May 2007)*^ 10.3757 10.0210 HSBC Fixed Term Series - 29 -Institutional Option - Dividend (22 May 2007)*^ 10.3813 10.0211 HSBC Fixed Term Series - 29 -Institutional Option - Growth (22 May 2007)*^ 10.3813 10.0211 HSBC Fixed Term Series - 30 -Regular Option - Dividend (18 June 2007)*^ 10.5200 10.0317 HSBC Fixed Term Series - 30 -Regular Option - Growth (18 June 2007)*^ 10.5200 10.0317 HSBC Fixed Term Series - 30 -Institutional Option - Dividend (18 June 2007)*^ 10.5200 10.0317 HSBC Fixed Term Series - 30 -Institutional Option - Growth (18 June 2007)*^ 10.5200 10.0317 HSBC Fixed Term Series - 32 -Regular Option - Dividend (9 July 2007)*^ 10.2128 10.0082 HSBC Fixed Term Series - 32 -Regular Option - Growth (9 July 2007)*^ 10.2128 10.0082 HSBC Fixed Term Series - 32 -Institutional Option - Dividend (9 July 2007)*^ 10.2221 10.0087 HSBC Fixed Term Series - 32 -Institutional Option - Growth (9 July 2007)*^ 10.2221 10.0087 HSBC Fixed Term Series - 33 -Regular Option - Dividend (5 September 2007)*^ 10.0811 10.0140 HSBC Fixed Term Series - 33 -Regular Option - Growth (5 September 2007)*^ 10.0811 10.0140 HSBC Fixed Term Series - 33 -Institutional Option - Dividend (5 September 2007)*^ 10.0836 10.0142 HSBC Fixed Term Series - 33 -Institutional Option - Growth (5 September 2007)*^ 10.0836 10.0142 HSBC Fixed Term Series - 34 -Regular Option - Dividend (28 September 2007)*^ 10.0044 10.0044 HSBC Fixed Term Series - 34 -Regular Option - Growth (28 September 2007)*^ 10.0044 10.0044 HSBC Fixed Term Series - 34 -Institutional Option - Dividend (28 September 2007)*^ 10.0045 10.0045 HSBC Fixed Term Series - 34 -Institutional Option - Growth (28 September 2007)*^ 10.0045 10.0045 HSBC Fixed Term Series - 31 -Regular Option - Dividend (5 July 2007)*^ 10.1922 10.0044 HSBC Fixed Term Series - 31 -Regular Option - Growth (5 July 2007)*^ 10.1922 10.0044 HSBC Fixed Term Series - 31 -Institutional Option - Dividend (5 July 2007)*^ 10.1947 10.0044 HSBC Fixed Term Series - 35 -Regular Option - Dividend (17 September 2007)*^ 10.0480 10.0065 HSBC Fixed Term Series - 35 -Regular Option - Growth (17 September 2007)*^ 10.0480 10.0065 HSBC Fixed Term Series - 35 -Institutional Option - Dividend (17 September 2007)*^ 10.0480 10.0065 HSBC Fixed Term Series - 35 -Institutional Option - Growth (17 September 2007)*^ 10.0480 10.0065 HSBC Dynamic Fund -Growth (28 September 2007)*^ 10.4100 10.4100 HSBC Dynamic Fund -Dividend (28 September 2007)*^ 10.4100 10.4100
* Dates of fi rst Nav of options commenced during the period are indicated in brackets in the table above^ NAVs declared as on 28 September, 2007
Details of Portfolio Turnover Ratio and Average MaturityDetails of Portfolio Turnover Ratio and Average Maturity
Scheme/Plan Name Portfolio turnover during AverageScheme/Plan Name Portfolio turnover during Average the half year ended Maturity the half year ended Maturity September 30, 2007 (Months) September 30, 2007 (Months)HSBC Advantage India Fund 0.57 N.AHSBC Cash Fund N.A 2.65HSBC Equity Fund 0.68 N.AHSBC Fixed Term Series - 15 N.A 0.52HSBC Fixed Term Series - 21 N.A 6.04HSBC Fixed Term Series - 22 N.A 9.44HSBC Fixed Term Series - 23 N.A 7.23HSBC Fixed Term Series - 24 N.A 14.73HSBC Fixed Term Series - 25 N.A 7.14HSBC Fixed Term Series - 27 N.A 5.79HSBC Fixed Term Series - 28 N.A 8.61HSBC Fixed Term Series - 29 N.A 2.22HSBC Fixed Term Series - 30 N.A 32.90HSBC Fixed Term Series - 31 N.A 0.16HSBC Fixed Term Series - 32 N.A 9.23HSBC Fixed Term Series - 33 N.A 9.97HSBC Fixed Term Series - 34 N.A 6.00HSBC Fixed Term Series - 35 N.A 12.08HSBC Floating Rate Fund - Long Term Plan N.A 3.13HSBC Floating Rate Fund - Short Term Plan N.A 3.35HSBC Gilt Fund - Short Term Plan N.A 0.06HSBC Income Fund - Investment Plan N.A 72.43HSBC Income Fund - Short Term Plan N.A 6.75HSBC India Opportunities Fund 0.80 N.AHSBC Midcap Equity Fund 0.57 N.AHSBC Liquid Plus Fund N.A 4.54HSBC Tax Saver Fund 0.99 N.AHSBC Unique Opportunities Fund 0.95 N.AHSBC Dynamic Fund 0.09 0.29 *HSBC MIP - Regular Plan 0.26 27.15 *HSBC MIP - Savings Plan 0.39 25.38 *
* Indicates average maturity for the Debt portion of the portfolio
Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2007Scheme / Plan NAV at the beginning and at the end of the half year ended September 30, 2007
Scheme / Plan /Option Name NAV per unit as on NAV per unit as onScheme / Plan /Option Name NAV per unit as on NAV per unit as on Septemebr 30, 2007 / March 30, 2007 / Septemebr 30, 2007 / March 30, 2007 / Date of Last NAV * Date of First NAV * Date of Last NAV * Date of First NAV *
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the half year ended 30th September, 2007)(for the half year ended 30th September, 2007)
Scheme / Plan /Option Name Record Date / Dividend Dividend Dividend DividendScheme / Plan /Option Name Record Date / Dividend Dividend Dividend Dividend period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate declared (Non- Corporate) Corporate) (Corporate) (Corporate) declared (Non- Corporate) Corporate) (Corporate) (Corporate)HSBC Income Fund - Investment Plan - Regular Option - Dividend 15-Jun-07 0.12263000 1.23% 0.11414000 1.14% 14-Sep-07 0.11387000 1.14% 0.10598000 1.06%HSBC Income Fund - Short Term Plan - Institutional Option - Dividend 27-Apr-07 0.04021645 0.40% 0.03743038 0.37% 25-May-07 0.07353574 0.74% 0.06844142 0.68% 29-Jun-07 0.09824384 0.98% 0.09143782 0.91% 27-Jul-07 0.11136525 1.11% - 0.00% 31-Aug-07 0.05339539 0.53% - 0.00% 28-Sep-07 0.07017586 0.70% - 0.00%HSBC Income Fund - Short Term Plan - Institutional Option - Weekly Dividend For July 07 * 0.04296704 0.43% - 0.00% For August 07 * 0.03610135 0.36% - 0.00% For September 07 * 0.06059324 0.61% - 0.00%HSBC Income Fund - Short Term Plan - Regular Option - Weekly Dividend For July 07 * 0.03415093 0.34% 0.03178507 0.32% For August 07 * 0.03267036 0.33% 0.03040708 0.30% For September 07 * 0.05781449 0.58% 0.05380928 0.54%HSBC Advantage India Fund - Dividend 11-May-07 1.00000000 10.00% 1.00000000 10.00%HSBC Fixed Term Series - I - Dividend $ 1-Jun-07 0.85181579 8.52% 0.79280466 7.93%HSBC Fixed Term Series - II - Dividend $ 9-Sep-07 0.12876000 1.29% - 0.00%HSBC Fixed Term Series - V - Dividend $ 5-Sep-07 0.10073000 1.01% - 0.00%HSBC Fixed Term Series - VI - Dividend $ 19-Sep-07 0.16127400 1.61% - 0.00%Fixed Term Series - IX - Dividend $ 2-Jul-07 0.68583603 6.86% 0.63832346 6.38%HSBC Fixed Term Series - 13 - Regular Dividend $ 3-Apr-07 0.71249174 7.12% - 0.00%HSBC Fixed Term Series -14 - Regular Dividend $ 15-Jun-07 0.18684897 1.87% 0.17390466 1.74% 29-Aug-07 0.14970387 1.50% 0.13933285 1.39%Fixed Term Series - 15 - Regular Dividend 15-Jun-07 0.21463876 2.15% 0.19976926 2.00% 14-Sep-07 0.19971927 2.00% 0.18588334 1.86%Fixed Term Series - 15 - Institutional Dividend 15-Jun-07 0.22356577 2.24% 0.20807783 2.08% 14-Sep-07 0.20505639 2.05% 0.19085073 1.91%HSBC Fixed Term Series - 23 - Regular Dividend 15-Jun-07 0.22093425 2.21% 0.20574998 2.06% 14-Sep-07 0.20040261 2.00% 0.18651935 1.87%Fixed Term Series - 23 - Institutional Dividend 15-Jun-07 0.23145890 2.31% 0.21555130 2.16% 14-Sep-07 0.21109895 2.11% 0.19647468 1.96%
Fixed Term Series - 21 - Regular Dividend 15-Jun-07 0.23555189 2.36% - 0.00% 14-Sep-07 0.22794542 2.28% - 0.00%HSBC Fixed Term Series - 21 - Institutional Dividend 15-Jun-07 0.24546504 2.45% - 0.00% 14-Sep-07 0.23766084 2.38% - 0.00%HSBC Fixed Term Series - 22 - Regular Dividend 15-Jun-07 0.23817181 2.38% 0.22167201 2.22% 14-Sep-07 0.24137510 2.41% 0.22465339 2.25%HSBC Fixed Term Series - 25 - Regular Dividend 15-Jun-07 0.20815741 2.08% 0.19373692 1.94% 14-Sep-07 0.21488981 2.15% 0.20000292 2.00%HSBC Fixed Term Series - 25 - Institutional Dividend 15-Jun-07 - 0.00% 0.20244105 2.02% 14-Sep-07 - 0.00% 0.20943955 2.09%HSBC Fixed Term Series - 26 - Regular Dividend $ 15-Jun-07 0.21424910 2.14% 0.19940660 1.99% For September 07 * 0.24824872 2.48% 0.23105083 2.31%HSBC Fixed Term Series - 26 - Institutional Dividend $ 15-Jun-07 0.21927945 2.19% 0.20408846 2.04% For September 07 * 0.25408622 2.54% 0.23648393 2.36%HSBC Fixed Term Series - 27 - Regular Dividend 15-Jun-07 0.20376106 2.04% 0.18964513 1.90% 14-Sep-07 0.21742337 2.17% 0.20236097 2.02%HSBC Fixed Term Series - 28 - Regular Dividend 15-Jun-07 0.06999425 0.70% 0.06514527 0.65% 14-Sep-07 0.22070062 2.21% 0.20541117 2.05%HSBC Fixed Term Series - 28 - Institutional Dividend 15-Jun-07 - 0.00% 0.06739016 0.67% 14-Sep-07 - 0.00% 0.21046585 2.10%HSBC Cash Fund - Regular Option - Daily Dividend For April 07 * 0.05604088 0.56% 0.05604088 0.56% For May 07 * 0.05323806 0.53% 0.05323806 0.53% For June 07 * 0.03856406 0.39% 0.03856406 0.39% For July 07 * 0.04319876 0.43% 0.04319876 0.43% For August 07 * 0.04817124 0.48% 0.04817124 0.48% For September 07 * 0.04822954 0.48% 0.04822954 0.48%HSBC Cash Fund - Regular Option - Weekly Dividend For April 07 * 0.05289194 0.53% 0.05289194 0.53% For May 07 * 0.04784756 0.48% 0.04784756 0.48% For June 07 * 0.04761365 0.48% 0.04761365 0.48% For July 07 * 0.03765492 0.38% 0.03765492 0.38% For August 07 * 0.05206762 0.52% 0.05206762 0.52% For September 07 * 0.04420911 0.44% 0.04420911 0.44%HSBC Cash Fund - Institutional Option - Daily Dividend For April 07 * 0.05839984 0.58% 0.05839984 0.58% For May 07 * 0.05556259 0.56% 0.05556259 0.56% For June 07 * 0.04046604 0.40% 0.04046604 0.40% For July 07 * 0.04531321 0.45% 0.04531321 0.45% For August 07 * 0.05037258 0.50% 0.05037258 0.50% For September 07 * 0.05039990 0.50% 0.05039990 0.50%HSBC Cash Fund - Institutional Option - Weekly Dividend For April 07 * 0.05614892 0.56% 0.05614892 0.56% For May 07 * 0.05091377 0.51% 0.05091377 0.51% For June 07 * 0.05090567 0.51% 0.05090567 0.51% For July 07 * 0.04026744 0.40% 0.04026744 0.40% For August 07 * 0.05555621 0.56% 0.05555621 0.56% For September 07 * 0.04711397 0.47% 0.04711397 0.47%HSBC Cash Fund - Institutional Option - Monthly Dividend 27-Apr-07 0.05636726 0.56% 0.05636726 0.56% 25-May-07 0.05103969 0.51% 0.05103969 0.51% 29-Jun-07 0.05104840 0.51% 0.05104840 0.51% 27-Jul-07 0.04035780 0.40% 0.04035780 0.40% 31-Aug-07 0.05572550 0.56% 0.05572550 0.56% 28-Sep-07 0.04723112 0.47% 0.04723112 0.47%HSBC Cash Fund - Institutional Plus Option - Daily Dividend For April 07 * 0.05722672 0.57% 0.05722672 0.57% For May 07 * 0.05457106 0.55% 0.05457106 0.55% For June 07 * 0.04001775 0.40% 0.04001775 0.40% For July 07 * 0.04355553 0.44% 0.04355553 0.44% For August 07 * 0.04838199 0.48% 0.04838199 0.48% For September 07 * 0.04894159 0.49% 0.04894159 0.49%HSBC Cash Fund - Institutional Plus Option - Weekly Dividend For April 07 * 0.05041748 0.50% 0.05041748 0.50% For May 07 * 0.05545149 0.55% 0.05545149 0.55% For June 07 * 0.05008757 0.50% 0.05008757 0.50% For July 07 * 0.03876192 0.39% 0.03876192 0.39% For August 07 * 0.04340926 0.43% 0.04340926 0.43% For September 07 * 0.03890179 0.39% 0.03890179 0.39%HSBC Cash Fund - Institutional Plus Option - Monthly Dividend 27-Apr-07 0.05515963 0.55% 0.05515963 0.55% 25-May-07 0.05007737 0.50% 0.05007737 0.50% 29-Jun-07 0.05037891 0.50% 0.05037891 0.50% 27-Jul-07 0.03876661 0.39% 0.03876661 0.39% 31-Aug-07 0.05344837 0.53% 0.05344837 0.53% 28-Sep-07 0.04582311 0.46% 0.04582311 0.46%HSBC MIP - Regular Plan - Monthly Dividend 27-Apr-07 0.06132000 0.61% 0.05707000 0.57% 25-May-07 0.06132000 0.61% 0.05707000 0.57% 29-Jun-07 0.06132000 0.61% 0.05707000 0.57% 27-Jul-07 0.06132000 0.61% 0.05707000 0.57% 31-Aug-07 0.06132000 0.61% 0.05707000 0.57% 28-Sep-07 0.06132000 0.61% 0.05707000 0.57%HSBC MIP - Regular Plan - Quaterly Dividend 15-Jun-07 0.19271000 1.93% 0.17936000 1.79% 14-Sep-07 0.17519000 1.75% 0.16305000 1.63%HSBC MIP - Savings Plan - Monthly Dividend 27-Apr-07 0.07008000 0.70% 0.06522000 0.65% 25-May-07 0.07008000 0.70% 0.06522000 0.65% 29-Jun-07 0.07883000 0.79% 0.07337000 0.73% 27-Jul-07 0.07008000 0.70% 0.06522000 0.65% 31-Aug-07 0.07008000 0.70% 0.06522000 0.65% 28-Sep-07 0.07008000 0.70% 0.06522000 0.65%HSBC MIP - Savings Plan - Quaterly Dividend 15-Jun-07 0.23650000 2.37% 0.22012000 2.20% 14-Sep-07 0.21899000 2.19% 0.20382000 2.04%HSBC Floating Rate Fund - Long Term Plan - Regular Option - Monthly Dividend 27-Apr-07 0.06401306 0.64% 0.05957844 0.60% 25-May-07 0.05532371 0.55% 0.05149106 0.51% 29-Jun-07 0.07378347 0.74% 0.06867198 0.69% 27-Jul-07 0.07480258 0.75% 0.06962049 0.70% 31-Aug-07 0.06627873 0.66% 0.06168715 0.62% 28-Sep-07 0.05417398 0.54% 0.05042098 0.50%HSBC Floating Rate Fund - Long Term Plan - Institutional Option - Monthly Dividend 27-Apr-07 0.06494147 0.65% 0.06044253 0.60% 25-May-07 0.05757893 0.58% 0.05359005 0.54% 29-Jun-07 0.08568358 0.86% 0.07974769 0.80% 27-Jul-07 0.02075252 0.21% 0.01931485 0.19% 31-Aug-07 0.13682085 1.37% 0.12734233 1.27% 28-Sep-07 0.05078709 0.51% 0.04726872 0.47%HSBC Gilt Fund - Short Term Plan - Dividend 27-Apr-07 0.04624558 0.46% - 0.00% 25-May-07 0.03645282 0.36% - 0.00% 29-Jun-07 0.00510769 0.05% - 0.00% 31-Aug-07 0.02755927 0.28% - 0.00% 28-Sep-07 0.03364414 0.34% - 0.00%HSBC Floating Rate Fund - Short Term Plan - Regular Option - Daily Dividend For April 07 * 0.05726410 0.57% 0.05726410 0.57% For May 07 * 0.05335804 0.53% 0.05335804 0.53% For June 07 * 0.04511822 0.45% 0.04511822 0.45% For July 07 * 0.04938522 0.49% 0.04938522 0.49% For August 07 * 0.04942076 0.49% 0.04942076 0.49% For September 07 * 0.04986047 0.50% 0.04986047 0.50%HSBC Floating Rate Fund - Short Term Plan - Regular Option - Weekly Dividend For April 07 * 0.05560108 0.56% 0.05560108 0.56% For May 07 * 0.04897341 0.49% 0.04897341 0.49% For June 07 * 0.05516207 0.55% 0.05516207 0.55% For July 07 * 0.04343978 0.43% 0.04343978 0.43% For August 07 * 0.05554937 0.56% 0.05554937 0.56% For September 07 * 0.04651021 0.47% 0.04651021 0.47%HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Daily Dividend For April 07 * 0.06102658 0.61% 0.06102658 0.61% For May 07 * 0.05508112 0.55% 0.05508112 0.55% For June 07 * 0.04672389 0.47% 0.04672389 0.47% For July 07 * 0.05115634 0.51% 0.05115634 0.51% For August 07 * 0.05113862 0.51% 0.05113862 0.51% For September 07 * 0.05152570 0.52% 0.05152570 0.52%HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Weekly Dividend For April 07 * 0.05817308 0.58% 0.05817308 0.58% For May 07 * 0.04825771 0.48% 0.04825771 0.48% For June 07 * 0.05729813 0.57% 0.05729813 0.57% For July 07 * 0.04654850 0.47% 0.04654850 0.47% For August 07 * 0.05575802 0.56% 0.05575802 0.56% For September 07 * 0.04151074 0.42% 0.04151074 0.42%HSBC Floating Rate Fund - Short Term Plan - Institutional Option - Monthly Dividend 27-Apr-07 0.05505595 0.55% 0.05505595 0.55% 25-May-07 0.05180322 0.52% 0.05180322 0.52% 29-Jun-07 0.06104865 0.61% 0.06104865 0.61% 27-Jul-07 0.03175871 0.32% 0.03175871 0.32% 31-Aug-07 0.05537938 0.55% 0.05537938 0.55% 28-Sep-07 0.03328461 0.33% 0.03328461 0.33%
HSBC Floating Rate Fund - Short Term Plan - Institutional Plus Option - Daily Dividend For April 07 * 0.05933591 0.59% 0.05933591 0.59% For May 07 * 0.05548354 0.55% 0.05548354 0.55% For June 07 * 0.04709537 0.47% 0.04709537 0.47% For July 07 * 0.05156440 0.52% 0.05156440 0.52% For August 07 * 0.05153317 0.52% 0.05153317 0.52% For September 07 * 0.05191316 0.52% 0.05191316 0.52%HSBC Liquid Plus - Regular Option - Daily Dividend For April 07 * 0.06467176 0.65% 0.06020015 0.60% For May 07 * 0.06441883 0.64% 0.05995608 0.60% For June 07 * 0.05056794 0.51% 0.04706478 0.47% For July 07 * 0.06020949 0.60% 0.05603834 0.56% For August 07 * 0.05477634 0.55% 0.05098158 0.51% For September 07 * 0.05235943 0.52% 0.04873215 0.49%HSBC Liquid Plus - Regular Option - Weekly Dividend For April 07 * 0.06178562 0.62% 0.05750531 0.58% For May 07 * 0.05879655 0.59% 0.05472332 0.55% For June 07 * 0.06287595 0.63% 0.05852010 0.59% For July 07 * 0.05377837 0.54% 0.05005277 0.50% For August 07 * 0.06146419 0.61% 0.05720616 0.57% For September 07 * 0.05246409 0.52% 0.04882955 0.49%HSBC Liquid Plus - Institutional Option - Daily Dividend For April 07 * 0.06575159 0.66% 0.06120528 0.61% For May 07 * 0.06552199 0.66% 0.06098284 0.61% For June 07 * 0.05163179 0.52% 0.04805490 0.48% For July 07 * 0.06136950 0.61% 0.05711802 0.57% For August 07 * 0.05588784 0.56% 0.05201610 0.52% For September 07 * 0.05336771 0.53% 0.04967053 0.50%HSBC Liquid Plus - Institutional Option - Weekly Dividend For April 07 * 0.06281999 0.63% 0.05846803 0.58% For May 07 * 0.05981579 0.60% 0.05567194 0.56% For June 07 * 0.06413517 0.64% 0.05969209 0.60% For July 07 * 0.05477592 0.55% 0.05098121 0.51% For August 07 * 0.06272093 0.63% 0.05837583 0.58% For September 07 * 0.05348122 0.53% 0.04977621 0.50%HSBC Liquid Plus - Institutional Option - Monthly Dividend 27-Apr-07 0.06329013 0.63% 0.05890559 0.59% 25-May-07 0.06024428 0.60% 0.05607075 0.56% 29-Jun-07 0.06336785 0.63% 0.05897792 0.59% 27-Jul-07 0.05252900 0.53% 0.04888996 0.49% 31-Aug-07 0.06444599 0.64% 0.05998137 0.60% 28-Sep-07 0.05293377 0.53% 0.04926668 0.49%HSBC Liquid Plus - Institutional Plus Option - Daily Dividend For April 07 * 0.06656712 0.67% 0.06196443 0.62% For May 07 * 0.06627213 0.66% 0.06168102 0.62% For June 07 * 0.05232711 0.52% 0.04870207 0.49% For July 07 * 0.06182258 0.62% 0.05753969 0.58% For August 07 * 0.05633512 0.56% 0.05243241 0.52% For September 07 * 0.05471055 0.55% 0.05273996 0.53%HSBC Liquid Plus - Institutional Plus Option - Weekly Dividend For April 07 * - 0.00% 0.05922895 0.59% For May 07 * 0.04519909 0.45% 0.05628245 0.56% For June 07 * 0.06496988 0.65% 0.06046896 0.60% For July 07 * 0.05524192 0.55% 0.05141493 0.51% For August 07 * 0.06316736 0.63% 0.05879134 0.59% For September 07 * 0.05482148 0.55% 0.05102361 0.51%HSBC Liquid Plus-Institutional Plus-Monthly Dividend 27-Apr-07 - 0.00% 0.05965031 0.60% 25-May-07 - 0.00% 0.05668876 0.57% 29-Jun-07 - 0.00% 0.06094669 0.61% 27-Jul-07 - 0.00% 0.05179424 0.52% 31-Aug-07 - 0.00% 0.05923053 0.59% 28-Sep-07 - 0.00% 0.05138876 0.51%
Notes: * This represents cumulative amounts of dividends declared during the month.$ This represents the schemes/plans which are closed/matured during the half year
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the half year ended 30th September, 2007)(for the half year ended 30th September, 2007)
Scheme / Plan /Option Name Record Date / Dividend Dividend Dividend DividendScheme / Plan /Option Name Record Date / Dividend Dividend Dividend Dividend period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate declared (Non- Corporate) Corporate) (Corporate) (Corporate) declared (Non- Corporate) Corporate) (Corporate) (Corporate)
Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund Dividend declaration under the Dividend Options of the schemes of HSBC Mutual Fund (for the half year ended 30th September, 2007)(for the half year ended 30th September, 2007)
Scheme / Plan /Option Name Record Date / Dividend Dividend Dividend DividendScheme / Plan /Option Name Record Date / Dividend Dividend Dividend Dividend period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate period of dividend (Rs. Per unit) Rate(Non- (Rs. Per unit) Rate declared (Non- Corporate) Corporate) (Corporate) (Corporate) declared (Non- Corporate) Corporate) (Corporate) (Corporate)
Notes:1. The provision made for Non Performing Assets as of September 30,2007 is Rs. NIL and its percentage to Net Asset
Value is NIL.2. Details of Schemes which have outstanding Derivative (OIS) position is as follows :
Name of the Scheme Net Long Position Net Short PositionName of the Scheme Net Long Position Net Short Position (Notional Value (Notional Value (Notional Value (Notional Value in lakhs) % to Net Assets in lakhs) % to Net Assets in lakhs) % to Net Assets in lakhs) % to Net AssetsEquity SchemesEquity SchemesHSBC Advantage India Fund 1,580.43 1.72% 1,709.52 1.86%HSBC Dynamic Fund 3,599.38 7.41% - - HSBC Equity Fund 1,212.66 1.16% 1,709.52 1.63%HSBC India Opportunities Fund 596.37 0.84% 1,709.52 2.40%HSBC Unique Opportunities Fund 1,153.84 1.64% 1,020.56 1.45%Debt Schemes Net Value % to Net AssetsDebt Schemes Net Value % to Net AssetsHSBC Liquid Plus Fund 5,000.00 0.81% - -
3. Total investments in foreign securities / ADR’s / GDR’s at the end of the period is NIL.4. Past performance may or may not be sustained in future.5. Average maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the
fund in terms of number of months.6. The portfolio turnover for HSBC Equity Fund (Equity Portion), HSBC India Opportunities Fund (Equity Portion), HSBC
Midcap Equity Fund (Equity Portion), HSBC Advantage India Fund (Equity Portion), HSBC Tax Saver Equity Fund (Equity Portion), HSBC Unique Opportunities Fund (Equity Portion), HSBC Dynamic Fund (Equity Portion), HSBC MIP Regular (Equity Portion) and HSBC MIP Savings (Equity Portion) is the lower of purchases & sales to the average net assets
Fixed Deposit Details as at September 30,2007 Fixed Deposit Details as at September 30,2007
Sr. DESCRIPTION CURRENT VALUE %tage of Sr. DESCRIPTION CURRENT VALUE %tage of No. (Rs in lacs) NET ASSETS No. (Rs in lacs) NET ASSETS HSBC Dynamic Fund HSBC Dynamic Fund 1 Bank of Nova Scotia 100.00 0.21 2 Bank of Nova Scotia 100.00 0.21 3 Axis Bank Ltd. 2,500.00 5.14 Total 2,700.00 5.56 Total 2,700.00 5.56 Fixed Term Series -31 Fixed Term Series -31 1 State Bank of Mysore 2,700.00 9.41 2 HDFC Bank Ltd. 2,701.00 9.42 Total 5,401.00 18.83 Total 5,401.00 18.83 HSBC Unique Opportunities Fund HSBC Unique Opportunities Fund 1 HSBC Ltd. 600.00 0.85 2 Bank of Nova Scotia 160.00 0.23 3 HDFC Bank Ltd. 600.00 0.85 Total 1,360.00 1.94 Total 1,360.00 1.94 HSBC Liquid Plus Fund HSBC Liquid Plus Fund 1 Yes Bank Ltd 5,000.00 0.81 2 Punjab National Bank 20,000.00 3.22 3 ING Vysya Bank 12,500.00 2.01 4 Union Bank of India 20,000.00 3.22 5 Development Bank of Singapore 10,000.00 1.61 6 Axis Bank Ltd. 5,000.00 0.81 7 Axis Bank Ltd. 5,000.00 0.81 8 Axis Bank Ltd. 5,000.00 0.81 9 State Bank of Mysore 30,000.00 4.83 Total 112,500.00 18.13 Total 112,500.00 18.13 HSBC Advantage India Fund HSBC Advantage India Fund 1 Bank of Nova Scotia 800.00 0.87 2 Axis Bank Ltd. 900.00 0.98 Total 1,700.00 1.85 Total 1,700.00 1.85 HSBC MIP-Savings HSBC MIP-Savings 1 Bank of Nova Scotia 50.00 0.68 Total 50.00 0.68 Total 50.00 0.68 HSBC MIP-Regular HSBC MIP-Regular 1 Bank of Nova Scotia 50.00 1.10 Total 50.00 1.10 Total 50.00 1.10 HSBC India Opportunities Fund HSBC India Opportunities Fund 1 Bank of Nova Scotia 800.00 1.12 2 Axis Bank Ltd. 500.00 0.70 Total 1,300.00 1.82 Total 1,300.00 1.82 HSBC Cash Fund HSBC Cash Fund 1 Punjab National Bank 10,000.00 5.47 2 ING Vysya Bank 15,000.00 8.20 3 HDFC Bank Ltd. 5,000.00 2.73 Total 30,000.00 16.41 Total 30,000.00 16.41 HSBC Equity Fund HSBC Equity Fund 1 Bank of Nova Scotia 800.00 0.76 2 Axis Bank Ltd. 900.00 0.86 3 HDFC Bank Ltd. 500.00 0.48 Total 2,200.00 2.10 Total 2,200.00 2.10
Investors may obtain Offer Documents and Key Information Memorandums along with application forms from the offi ce of HSBC Mutual Fund, 314 D. N. Road, Fort, Mumbai 400 001. Tel: 022-6666 8819. Statutory Details: Statutory Details: HSBC Mutual Fund has been set up as a trust by HSBC Securities and Capital Markets (India) Private Limited (liability restricted to the corpus of Rs 1 lakh). The Sponsor/associates of the Sponsor/Asset Management Company (AMC) are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes. The Trustees of HSBC Mutual Fund have appointed HSBC Asset Management (India) Private Limited as the Investment Manager. Risk Factors:Risk Factors: All investments in mutual funds and securities are subject to market risks and the Net Asset Value (NAV) of the Scheme(s) may go up or down depending on the factors and forces affecting the securities markets. There can be no assurance that the objectives of the Scheme(s) will be achieved. Past performance of the Sponsor, AMC, Mutual Fund or any associates of the Sponsor/AMC does not indicate the future performance of the Scheme(s) of the Mutual Fund. HSBC Income Fund (HIF), HSBC Gilt Fund (HGF), HSBC Cash Fund (HCF), HSBC Liquid Plus Fund (HLPF), HSBC MIP (HMIP), HSBC Floating Rate Fund (HFRF), HSBC Flexi Debt Fund (HFDF), HSBC Fixed Term Series (HFTS), HSBC Equity Fund (HEF), HSBC India Opportunities Fund (HIOF), HSBC Midcap Equity Fund (HMEF), HSBC Advantage India Fund (HAIF), HSBC Tax Saver Equity Fund (HTSF), HSBC Unique Opportunities Fund (HUOF) & HSBC Dynamic Fund (HDF) are the names of the Schemes and do not in any manner indicate the quality of the Schemes or their future prospects or returns. Scheme Classifi cation: HIFScheme Classifi cation: HIF (an open-ended income scheme) aims to provide reasonable income whilst maintaining a prudent policy of capital conservation. HGFHGF (an open-ended gilt scheme) aims to generate reasonable returns through investments in Government Securities of various maturities. HCFHCF (an open-ended liquid scheme) aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. HLPFHLPF (an open-ended debt Scheme) seeks to provide liquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments. HMIPHMIP (an open-ended Fund with Regular & Savings Plans; monthly income is not assured and is subject to availability of distributable surplus) seeks to generate reasonable returns through investments in debt and money market instruments with a secondary objective to seek capital appreciation through investments in equity and equity related instruments. HFRFHFRF (an open-ended income scheme) seeks to generate a reasonable return with commensurate risk through investments in fl oating rate debt instruments and fi xed rate debt instruments swapped for fl oating rate returns. The Scheme may also invest in fi xed rate money market and debt instruments. HFDFHFDF (an open ended Debt Scheme) seeks to deliver returns in the form of interest income and capital gains, along with high liquidity, commensurate with the current view on the markets and the interest rate cycle, through active investment in debt and money market instruments. HFTSHFTS (a close-ended Income Scheme) seeks to generate reasonable returns by investing in a portfolio of fi xed income instruments normally maturing in line with the time profi le of the respective Plan(s). HEFHEF (an open-ended diversifi ed equity Scheme) aims to generate long term capital growth from an actively managed portfolio of equity and equity related securities. HIOFHIOF (an open-ended fl exi-cap equity Scheme) seeks long term capital growth through investments across all market capitalisations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move a signifi cant portion of its assets towards fi xed income securities if the fund manager becomes negative on equity markets. HMEFHMEF (an open-ended diversifi ed equity Scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However, it could move a portion of its assets towards fi xed income securities if the fund manager becomes negative on the Indian equity markets. HAIFHAIF (an open-ended fl exi-theme equity Scheme) seeks to generate long term capital growth from an actively managed portfolio of equity and equity related securities by investing primarily in sectors, areas and themes that play an important role in, and/or benefi t from India’s progress, reform process and economic development. HTSFHTSF (an open ended Equity Linked Savings Scheme) seeks to provide long term capital appreciation by investing in a diversifi ed portfolio of equity & equity related instruments of companies across various sectors and industries, with no capitalisation bias. The Fund may also invest in fi xed income securities. HUOFHUOF (a 3 year close ended equity scheme with automatic conversion into an open ended equity scheme at the end of 3 years from the date of allotment of units) seeks to provide long-term capital growth from a diversifi ed portfolio of equity and equity related instruments. The focus would be to invest in stocks of companies facing “out-of-ordinary” conditions and HDFHDF (an open-ended Scheme) seeks to provide long term capital appreciation by allocating funds in equity and equity related instruments. It also has the fl exibility to move, entirely if required, into debt & money market instruments in times when the view on equity markets seems negative. Terms of Issue:Terms of Issue: Units of the Scheme(s) are being offered at NAV based prices, subject to the prevailing loads. The AMC calculates and publishes NAVs and offers for sale, redemption and switch outs, units of the Scheme(s) on all Business Days, at the Applicable NAV for all Schemes. HUOF & HFTSHUOF & HFTS will not be open for ongoing subscriptions/switch ins. HUOFHUOF would be available for sale on an ongoing basis (after a period of 3 years from the date of allotment). Conversion of HUOF to an open-ended scheme will be done only after the balance unamortized amount has been fully recovered from the Scheme. Units can be redeemed/switched out on every Business Day at NAV based prices, subject to prevailing exit loads Load Structure (includes SIP/STP): Load Structure (includes SIP/STP): HEF - Entry – 2.25% for investments/switch ins* < Rs 5 crores, otherwise Nil. Exit – 1% for < Rs 5 crores, if redeemed/switched out* within 1 year from date of investment and 0.25% for > Rs 5 crores, if redeemed/switched out* within 6 months from date of investment. HIOF, HMEF, HAIF – Entry – 2.25% for investments/switch ins* < Rs 5 crores, otherwise Nil. Exit – 1% for < Rs 5 crores, if redeemed/switched out* within 1 year from date of investment, otherwise Nil. HTSF - Entry - 2.25% for investments/switch ins* < Rs 1 crore, otherwise Nil. Exit – Nil. HUOF - During close ended period - Exit - Nil. However the investor will have to bear the proportionate unamortized initial issue expenses for exiting during the close ended period. SIP/SEP/STP in HUOF available after conversion to an open-ended scheme. HMIP – Entry – Nil. Exit - 0.5% for Investments < Rs 10 lakhs, if redeemed/switched out within 6 months from date of investment. For SEP – Nil. In case of HIF-IP & HFRF-LTP - Entry - Nil. Exit - 0.5% for < Rs 10 lakhs in Regular Option, if redeemed/switched out within 6 months from the date of investment. For SEP – Nil. In case of HDF - Entry - 2.50% for investments/switch in* below Rs 5 crores, otherwise Nil. Exit - 1% for investment below Rs. 5 crores, if redeemed/switched out* within 1 year from the date of allotment/investment, otherwise Nil. HLPF – Entry Nil. Exit – 0.1% if redeemed/switched out within 7 days from the date of investment. *No load in case of switches between equity Schemes of HSBC Mutual Fund. No load in case of HCF, HGF, HIF-ST, HFDF & HFRF-ST. HFTS – Consult the nearest investor service centre for details. No load in case of investments by Fund-of-Funds, FIIs & their sub-accounts (except HFDF & HDF). The entry/exit load set forth above is subject to change at the discretion of the AMC and such changes shall be implemented prospectively. Mutual Fund investments are subject to market risks. Read the Offer Document carefully before investing.Mutual Fund investments are subject to market risks. Read the Offer Document carefully before investing.
Issued by HSBC Asset Management (India) Private Limited