Monthly Portfolio Disclosure - All Schemes

Monthly Portfolio Disclosure - All Schemes Scheme Name HSBC Capital Protection Oriented Fund HSBC Flexi Debt Fund HSBC Floating Rate Fund - Long Term HSBC Gilt Fund HSBC Income Fund - Investment HSBC MIP Fund - Regular Plan HSBC MIP Fund - Savings Plan HSBC Income Fund - Short Term HSBC Ultra Short Term Bond Fund HSBC Dynamic Fund HSBC Equity Fund HSBC India Opportunities Fund HSBC Midcap Equity Fund HSBC Progressive Themes Fund HSBC Tax Saver Equity Fund HSBC Dividend Yield Equity Fund HSBC Fixed Term Series 100 HSBC Fixed Term Series 101 HSBC Fixed Term Series 102 HSBC Fixed Term Series 105 HSBC Fixed Term Series 106 HSBC Fixed Term Series 107 HSBC Fixed Term Series 109 HSBC Fixed Term Series 91 HSBC Fixed Term Series 94 HSBC Fixed Term Series 95 HSBC Fixed Term Series 96 HSBC Fixed Term Series 98 HSBC Fixed Term Series 99 HSBC Cash Fund HSBC Asia Pacific (Ex Japan) Dividend Yield Fund HSBC Brazil Fund HSBC Emerging Markets Fund HSBC Managed Solution India-Conservative HSBC Managed Solutions India-Growth HSBC Managed Solutions India-Moderate

Name of the Scheme : HSBC CAPITAL PROTECTION ORIENTED FUND (A close-ended Capital Protection Oriented Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges Power Finance Corporation Ltd.** INE134E08EQ4 CRISIL AAA 170 1,702.33 15.71 National Bank for Agriculture & Rural Development** INE261F09HL4 CRISIL AAA 150 1,504.22 13.88 Export Import Bank of India** INE514E08BC3 CRISIL AAA 148 1,483.75 13.69 LIC Housing Finance Ltd.** INE115A07CF0 CRISIL AAA 68 680.40 6.28 Power Grid Corporation of India Ltd.** INE752E07IA0 CRISIL AAA 40 501.65 4.63 Housing Development Finance Corporation Ltd.** INE001A07IL7 CRISIL AAA 50 501.46 4.63 Small Industries Development Bank of India** INE556F09353 CRISIL AAA 50 500.60 4.62 Power Grid Corporation of India Ltd.** INE752E07GR8 CRISIL AAA 40 499.82 4.61 Total 7,374.23 68.05 Privately Placed/Unlisted Tata Sons Ltd.** INE895D08410 CRISIL AAA 50 500.71 4.62 Total 500.71 4.62 Money Market Instruments Certificate of Deposit Dena Bank** INE077A16CB2 CRISIL A1+ 490 472.40 4.36 Andhra Bank** INE434A16GU6 CARE A1+ 130 124.35 1.15 Syndicate Bank** INE667A16CU0 CARE A1+ 40 39.89 0.37 Total 636.64 5.88 Futures and Options CALL NIFTY 25/06/2015 6100 1,915.18 17.67 Total 1,915.18 17.67 Reverse Repos / CBLOs 94.44 0.87 Total 94.44 0.87 Net Current Assets (including cash & bank balances) 316.91 2.91 Total as on 31-Oct-2014 10,838.11 100.00 This product is suitable for invesrs who are seeking*: Orientation wards Capital Protection over medium term Investment in Debt Instruments, Money Market Instruments and equities through Index Call Options *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC FLEXI DEBT FUND (An open-ended Income Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges Housing Development Finance Corporation Ltd.** INE001A07LJ5 CRISIL AAA 225 2,225.11 5.06 Rural Electrification Corporation Ltd.** INE020B08815 CARE AAA 150 1,498.06 3.41 Power Finance Corporation Ltd.** INE134E07406 CRISIL AAA 115 1,186.89 2.70 Total 4,910.06 11.17 Government Securities 8.60% GOVT OF INDIA RED 02-06-2028 IN0020140011 SOVEREIGN 8,170,000 8,322.17 18.94 8.40% GOVT OF INDIA RED 28-07-2024 IN0020140045 SOVEREIGN 8,110,000 8,173.29 18.60 9.20% GOVT OF INDIA RED 30-09-2030 IN0020130053 SOVEREIGN 6,030,000 6,468.51 14.72 8.35% GOVT OF INDIA RED 14-05-2022 IN0020020072 SOVEREIGN 3,005,000 2,996.56 6.82 8.30% GOVT OF INDIA RED 31-12-2042 IN0020120062 SOVEREIGN 2,955,000 2,938.74 6.69 8.27% GOVT OF INDIA RED- 09-06-2020 IN0020140029 SOVEREIGN 2,870,000 2,863.66 6.52 9.14% KARNATAKA SDL RED 28-05-2024 IN1920140010 SOVEREIGN 2,070,000 2,141.00 4.87 8.12% GOVT OF INDIA RED 10-12-2020 IN0020120054 SOVEREIGN 2,140,000 2,115.58 4.82 8.83% GOVT OF INDIA RED 25-11-2023 IN0020130061 SOVEREIGN 590,000 605.46 1.38 Total 36,624.96 83.36 Reverse Repos / CBLOs 1,450.48 3.30 Total 1,450.48 3.30 Net Current Assets (including cash & bank balances) 946.04 2.17 Total as on 31-Oct-2014 43,931.54 100.00 This product is suitable for invesrs who are seeking*: Regular income over long term Investment in Debt/Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC FLOATING RATE FUND - LONG TERM (An Open-ended Income Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Money Market Instruments Certificate of Deposit Bank of India** INE084A16AP2 CRISIL A1+ 1,000 971.88 12.87 Oriental Bank of Commerce** INE141A16NJ6 CRISIL A1+ 300 297.20 3.94 Total 1,269.08 16.81 Commercial Paper Kotak Mahindra Investments Ltd.** INE975F14CY3 [ICRA]A1+ 280 1,390.95 18.42 Sundaram BNP Paribas Home Finance Ltd.** INE667F14960 CRISIL A1+ 200 992.01 13.14 India Infoline Finance Ltd.** INE866I14LQ5 [ICRA]A1+ 200 991.73 13.13 National Fertilizers Ltd.** INE870D14494 CRISIL A1+ 200 989.79 13.11 Vodafone India Ltd.** INE705L14461 CRISIL A1+ 200 968.54 12.83 Simplex Infrastructures Ltd.** INE059B14EH6 CARE A1+ 100 493.60 6.54 Total 5,826.63 77.17 Reverse Repos / CBLOs 479.56 6.35 Total 479.56 6.35 Net Current Assets (including cash & bank balances) (24.45) (0.33) Total as on 31-Oct-2014 7,550.81 100.00 This product is suitable for invesrs who are seeking*: Liquidity over short term Investment in floating rate and fixed rate Debt and Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC GILT FUND (An open-ended Gilt Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Government Securities 8.60% GOVT OF INDIA RED 02-06-2028 IN0020140011 SOVEREIGN 71,667 73.00 24.82 8.40% GOVT OF INDIA RED 28-07-2024 IN0020140045 SOVEREIGN 70,000 70.55 23.99 8.30% GOVT OF INDIA RED 31-12-2042 IN0020120062 SOVEREIGN 55,000 54.70 18.60 9.20% GOVT OF INDIA RED 30-09-2030 IN0020130053 SOVEREIGN 30,000 32.18 10.94 9.14% KARNATAKA SDL RED 28-05-2024 IN1920140010 SOVEREIGN 20,000 20.69 7.03 8.83% GOVT OF INDIA RED 25-11-2023 IN0020130061 SOVEREIGN 5,000 5.13 1.74 Total 256.24 87.12 Reverse Repos / CBLOs 30.17 10.26 Total 30.17 10.26 Net Current Assets (including cash & bank balances) 7.67 2.62 Total as on 31-Oct-2014 294.08 100.00 This product is suitable for invesrs who are seeking*: Regular income over long term Investment in Government Securities *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC INCOME FUND - INVESTMENT PLAN (An open-ended Income Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges Export Import Bank of India** INE514E08DP1 CRISIL AAA 50 528.23 5.46 Rural Electrification Corporation Ltd.** INE020B07IA8 CRISIL AAA 50 514.55 5.32 Housing Development Finance Corporation Ltd.** INE001A07LJ5 CRISIL AAA 25 247.23 2.56 Power Finance Corporation Ltd.** INE134E07406 CRISIL AAA 8 82.57 0.85 Total 1,372.58 14.19 Government Securities 8.60% GOVT OF INDIA RED 02-06-2028 IN0020140011 SOVEREIGN 2,125,000 2,164.58 22.39 8.40% GOVT OF INDIA RED 28-07-2024 IN0020140045 SOVEREIGN 1,645,000 1,657.84 17.15 9.20% GOVT OF INDIA RED 30-09-2030 IN0020130053 SOVEREIGN 1,220,000 1,308.72 13.54 8.35% GOVT OF INDIA RED 14-05-2022 IN0020020072 SOVEREIGN 850,000 847.61 8.77 8.30% GOVT OF INDIA RED 31-12-2042 IN0020120062 SOVEREIGN 600,000 596.70 6.17 8.27% GOVT OF INDIA RED- 09-06-2020 IN0020140029 SOVEREIGN 430,000 429.05 4.44 9.14% KARNATAKA SDL RED 28-05-2024 IN1920140010 SOVEREIGN 310,000 320.63 3.32 8.12% GOVT OF INDIA RED 10-12-2020 IN0020120054 SOVEREIGN 205,000 202.66 2.10 8.83% GOVT OF INDIA RED 25-11-2023 IN0020130061 SOVEREIGN 90,000 92.36 0.96 5.59% GOVT OF INDIA RED 04-06-2016 IN0020040013 SOVEREIGN 400 0.38 - Total 7,620.53 78.84 Securitised Debt India MBS 2002 Series I** INE854F15045 CRISIL AAA (SO) 5 15.25 0.16 Total 15.25 0.16 Reverse Repos / CBLOs 382.79 3.96 Total 382.79 3.96 Net Current Assets (including cash & bank balances) 276.21 2.85 Total as on 31-Oct-2014 9,667.36 100.00 This product is suitable for invesrs who are seeking*: Regular income over long term Investment in diversified portfolio of fixed income securities *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC MIP - REGULAR PLAN (An open-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges Maruti Suzuki India Ltd. INE585B01010 AUTO 2,967 99.02 1.12 ICICI Bank Ltd. INE090A01013 BANKS 5,850 95.16 1.07 Shree Cements Ltd. INE070A01015 CEMENT 1,035 94.08 1.06 Tech Mahindra Ltd. INE669C01028 SOFTWARE 3,550 89.38 1.01 Axis Bank Ltd. INE238A01034 BANKS 20,000 87.88 0.99 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 5,300 87.74 0.99 Motherson Sumi Systems Ltd. INE775A01035 AUTO ANCILLARIES 17,237 72.47 0.82 Mcleod Russel India Ltd. INE942G01012 CONSUMER NON DURABLES 27,599 71.77 0.81 Karur Vysya Bank Ltd. INE036D01010 BANKS 10,450 56.99 0.64 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 15,999 56.83 0.64 IPCA Laboraries Ltd. INE571A01020 PHARMACEUTICALS 6,700 49.00 0.55 MRF Ltd. INE883A01011 AUTO ANCILLARIES 150 46.97 0.53 Grasim Industries Ltd. INE047A01013 CEMENT 1,300 45.60 0.51 Supreme Industries Ltd. INE195A01028 INDUSTRIAL PRODUCTS 7,586 45.50 0.51 Arvind Ltd. INE034A01011 TEXTILE PRODUCTS 15,000 44.74 0.51 LIC Housing Finance Ltd. INE115A01026 FINANCE 12,000 43.45 0.49 Amara Raja Batteries Ltd. INE885A01032 AUTO ANCILLARIES 6,616 43.31 0.49 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 28,000 38.88 0.44 Crompn Greaves Ltd. INE067A01029 INDUSTRIAL CAPITAL GOODS 20,000 37.70 0.43 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 8,500 34.44 0.39 Orient Refracries Ltd. INE743M01012 INDUSTRIAL PRODUCTS 34,355 33.79 0.38 CESC Ltd. INE486A01013 POWER 4,000 27.12 0.31 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 8,000 25.67 0.29 Jaiprakash Associates Ltd. INE455F01025 CONSTRUCTION 50,000 15.58 0.18 Hindustan Dorr-Oliver Ltd. INE551A01022 ENGINEERING SERVICES 67,500 9.55 0.11 Total 1,352.61 15.27 Debt Instruments Listed / Awaiting listing on Sck Exchanges Rural Electrification Corporation Ltd.** INE020B07IA8 CRISIL AAA 50 514.55 5.81 Power Finance Corporation Ltd.** INE134E08EW2 CRISIL AAA 50 505.80 5.71 LIC Housing Finance Ltd.** INE115A07DR3 CRISIL AAA 50 501.68 5.66 Power Finance Corporation Ltd.** INE134E07406 CRISIL AAA 5 51.60 0.58 Total 1,573.63 17.76 Government Securities 8.40% GOVT OF INDIA RED 28-07-2024 IN0020140045 SOVEREIGN 1,100,000 1,108.58 12.52 9.20% GOVT OF INDIA RED 30-09-2030 IN0020130053 SOVEREIGN 955,000 1,024.45 11.57 8.60% GOVT OF INDIA RED 02-06-2028 IN0020140011 SOVEREIGN 880,000 896.39 10.12 8.35% GOVT OF INDIA RED 14-05-2022 IN0020020072 SOVEREIGN 740,000 737.92 8.33 8.30% GOVT OF INDIA RED 31-12-2042 IN0020120062 SOVEREIGN 470,000 467.41 5.28 8.27% GOVT OF INDIA RED- 09-06-2020 IN0020140029 SOVEREIGN 445,000 444.02 5.01 9.14% KARNATAKA SDL RED 28-05-2024 IN1920140010 SOVEREIGN 350,000 362.01 4.09 8.12% GOVT OF INDIA RED 10-12-2020 IN0020120054 SOVEREIGN 235,000 232.32 2.62 8.83% GOVT OF INDIA RED 25-11-2023 IN0020130061 SOVEREIGN 115,000 118.01 1.33 Total 5,391.11 60.87 Reverse Repos / CBLOs 464.13 5.24 Total 464.13 5.24 Net Current Assets (including cash & bank balances) 74.81 0.86 Total as on 31-Oct-2014 8,856.30 100.00 This product is suitable for invesrs who are seeking*: Regular income over medium term Investment in fixed income (debt and money market instruments) as well as equity and equity related securities Medium risk (YELLOW) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC MIP - SAVINGS PLAN (An open-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 18,450 300.12 1.64 Shree Cements Ltd. INE070A01015 CEMENT 3,132 284.69 1.55 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 16,500 273.15 1.49 Maruti Suzuki India Ltd. INE585B01010 AUTO 7,750 258.64 1.41 Axis Bank Ltd. INE238A01034 BANKS 56,000 246.06 1.34 IndusInd Bank Ltd. INE095A01012 BANKS 30,500 219.63 1.20 Mcleod Russel India Ltd. INE942G01012 CONSUMER NON DURABLES 81,840 212.82 1.16 LIC Housing Finance Ltd. INE115A01026 FINANCE 57,000 206.37 1.12 Motherson Sumi Systems Ltd. INE775A01035 AUTO ANCILLARIES 48,773 205.07 1.12 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 52,500 186.48 1.02 Crompn Greaves Ltd. INE067A01029 INDUSTRIAL CAPITAL GOODS 97,000 182.85 1.00 Supreme Industries Ltd. INE195A01028 INDUSTRIAL PRODUCTS 28,683 172.04 0.94 Tech Mahindra Ltd. INE669C01028 SOFTWARE 6,300 158.62 0.86 The Ramco Cements Ltd. INE331A01037 CEMENT 44,112 152.08 0.83 Grasim Industries Ltd. INE047A01013 CEMENT 4,050 142.08 0.77 HDFC Bank Ltd. INE040A01026 BANKS 15,500 141.34 0.77 IPCA Laboraries Ltd. INE571A01020 PHARMACEUTICALS 18,700 136.75 0.75 Amara Raja Batteries Ltd. INE885A01032 AUTO ANCILLARIES 20,604 134.88 0.74 MRF Ltd. INE883A01011 AUTO ANCILLARIES 410 128.39 0.70 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 27,500 111.42 0.61 CESC Ltd. INE486A01013 POWER 16,000 108.49 0.59 Arvind Ltd. INE034A01011 TEXTILE PRODUCTS 35,000 104.39 0.57 Lupin Ltd. INE326A01037 PHARMACEUTICALS 7,500 102.68 0.56 Karur Vysya Bank Ltd. INE036D01010 BANKS 18,550 101.17 0.55 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 26,000 83.43 0.45 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 60,000 83.31 0.45 Orient Refracries Ltd. INE743M01012 INDUSTRIAL PRODUCTS 73,797 72.58 0.40 Jaiprakash Associates Ltd. INE455F01025 CONSTRUCTION 140,000 43.61 0.24 Hindustan Dorr-Oliver Ltd. INE551A01022 ENGINEERING SERVICES 225,000 31.84 0.17 Total 4,584.96 25.00 Debt Instruments Listed / Awaiting listing on Sck Exchanges Rural Electrification Corporation Ltd.** INE020B07IA8 CRISIL AAA 50 514.55 2.80 Power Finance Corporation Ltd.** INE134E08EW2 CRISIL AAA 50 505.80 2.76 LIC Housing Finance Ltd.** INE115A07DR3 CRISIL AAA 50 501.68 2.73 Power Finance Corporation Ltd.** INE134E07406 CRISIL AAA 22 227.06 1.24 Total 1,749.08 9.53 Government Securities 8.40% GOVT OF INDIA RED 28-07-2024 IN0020140045 SOVEREIGN 2,575,000 2,595.10 14.14 9.20% GOVT OF INDIA RED 30-09-2030 IN0020130053 SOVEREIGN 2,265,000 2,429.71 13.24 8.60% GOVT OF INDIA RED 02-06-2028 IN0020140011 SOVEREIGN 2,253,333 2,295.30 12.51 8.35% GOVT OF INDIA RED 14-05-2022 IN0020020072 SOVEREIGN 905,000 902.46 4.92 9.14% KARNATAKA SDL RED 28-05-2024 IN1920140010 SOVEREIGN 750,000 775.73 4.23 8.27% GOVT OF INDIA RED- 09-06-2020 IN0020140029 SOVEREIGN 755,000 753.33 4.11 8.30% GOVT OF INDIA RED 31-12-2042 IN0020120062 SOVEREIGN 420,000 417.69 2.28 8.12% GOVT OF INDIA RED 10-12-2020 IN0020120054 SOVEREIGN 420,000 415.21 2.26 8.83% GOVT OF INDIA RED 25-11-2023 IN0020130061 SOVEREIGN 200,000 205.24 1.12 Total 10,789.76 58.81 Reverse Repos / CBLOs 948.71 5.17 Total 948.71 5.17 Net Current Assets (including cash & bank balances) 276.18 1.49 Total as on 31-Oct-2014 18,348.69 100.00 This product is suitable for invesrs who are seeking*: Regular income over medium term Investment in fixed income (debt and money market instruments) as well as equity and equity related securities Medium risk (YELLOW) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC INCOME FUND - SHORT TERM PLAN (An Open-ended Income Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges Shriram Transport Finance Company Ltd.** INE721A07HH0 CRISIL AA 500,000 5,015.16 5.92 Export Import Bank of India** INE514E08DD7 CRISIL AAA 400 4,136.32 4.88 Rural Electrification Corporation Ltd.^ INE020B08773 CRISIL AAA 400 4,060.12 4.79 Power Finance Corporation Ltd.** INE134E08EW2 CRISIL AAA 400 4,046.40 4.77 Kotak Mahindra Prime Ltd.** INE916DA7DV4 [ICRA]AAA 350 3,520.59 4.15 LIC Housing Finance Ltd.** INE115A07EH2 CRISIL AAA 250 2,566.37 3.03 Housing Development Finance Corporation Ltd.** INE001A07MG9 CRISIL AAA 250 2,560.53 3.02 Kotak Mahindra Prime Ltd.** INE916DA7DI1 [ICRA]AAA 250 2,525.25 2.98 Power Finance Corporation Ltd.** INE134E08FY5 CRISIL AAA 250 2,519.51 2.97 Housing Development Finance Corporation Ltd.** INE001A07GM9 CRISIL AAA 250 2,519.28 2.97 Kotak Mahindra Prime Ltd.** INE916DA7EC2 [ICRA]AAA 250 2,509.91 2.96 SRF Ltd.** INE647A07025 Fitch AA 250 2,505.93 2.96 Rural Electrification Corporation Ltd.** INE020B07IA8 CRISIL AAA 150 1,543.65 1.82 Kotak Mahindra Prime Ltd.** INE916DA7865 CRISIL AAA 150 1,527.02 1.80 LIC Housing Finance Ltd.** INE115A07FG1 CRISIL AAA 150 1,522.19 1.80 Power Grid Corporation of India Ltd.** INE752E07GH9 CRISIL AAA 120 1,510.69 1.78 Power Finance Corporation Ltd.** INE134E08GB1 CRISIL AAA 150 1,509.85 1.78 Power Grid Corporation of India Ltd.** INE752E07LA4 CRISIL AAA 150 1,499.56 1.77 LIC Housing Finance Ltd.** INE115A07CX3 CRISIL AAA 100 1,014.98 1.20 Power Grid Corporation of India Ltd.** INE752E07KC2 CRISIL AAA 80 1,008.48 1.19 Rural Electrification Corporation Ltd.** INE020B08815 CARE AAA 100 998.71 1.18 Power Finance Corporation Ltd.** INE134E07398 CRISIL AAA 60 611.01 0.72 Rural Electrification Corporation Ltd.** INE020B07II1 CRISIL AAA 50 509.07 0.60 LIC Housing Finance Ltd.** INE115A07BO4 CRISIL AAA 50 507.22 0.60 Power Grid Corporation of India Ltd.** INE752E07JP6 CRISIL AAA 40 505.62 0.60 National Bank for Agriculture & Rural Development** INE261F09HF6 CRISIL AAA 36 361.50 0.43 Power Finance Corporation Ltd.** INE134E08EQ4 CRISIL AAA 30 300.41 0.35 Shriram Transport Finance Company Ltd.** INE721A07GR1 CRISIL AA 27,000 275.05 0.32 Rural Electrification Corporation Ltd.** INE020B07HW4 CRISIL AAA 17 171.42 0.20 LIC Housing Finance Ltd.** INE115A07CV7 CRISIL AAA 14 140.39 0.17 Export Import Bank of India** INE514E08BC3 CRISIL AAA 12 120.30 0.14 Rural Electrification Corporation Ltd.** INE020B08609 CRISIL AAA 10 101.32 0.12 Housing Development Finance Corporation Ltd.** INE001A07LU2 CRISIL AAA 9 91.25 0.11 LIC Housing Finance Ltd.** INE115A07EM2 CARE AAA 9 90.77 0.11 National Bank for Agriculture & Rural Development** INE261F09GP7 CRISIL AAA 5 50.79 0.06 Total 54,456.58 64.25 Privately Placed/Unlisted Tata Sons Ltd.** INE895D07362 CRISIL AAA 200 2,023.83 2.39 Total 2,023.83 2.39 Government Securities 8.27% GOVT OF INDIA RED- 09-06-2020 IN0020140029 SOVEREIGN 2,000,000 1,995.58 2.35 8.35% GOVT OF INDIA RED 14-05-2022 IN0020020072 SOVEREIGN 1,000,000 997.19 1.18 8.12% GOVT OF INDIA RED 10-12-2020 IN0020120054 SOVEREIGN 1,000,000 988.59 1.17 Total 3,981.36 4.70 Money Market Instruments Certificate of Deposit State Bank of Patiala** INE652A16IO2 [ICRA]A1+ 2,500 2,475.23 2.92 Corporation Bank** INE112A16FE4 CRISIL A1+ 2,500 2,430.24 2.87 Corporation Bank** INE112A16FF1 CRISIL A1+ 2,500 2,428.05 2.86 Punjab National Bank^ INE160A16JT3 Fitch A1+ 2,100 2,042.84 2.41 Bank of Baroda** INE028A16AE3 [ICRA]A1+ 1,500 1,458.80 1.72 Canara Bank** INE476A16MX9 CRISIL A1+ 1,100 1,067.60 1.26 Indian Overseas Bank** INE565A16962 [ICRA]A1+ 1,000 970.18 1.14 Axis Bank Ltd.** INE238A16VM7 CRISIL A1+ 240 235.61 0.28 Corporation Bank** INE112A16FZ9 CRISIL A1+ 220 210.48 0.25 State Bank of Patiala** INE652A16IH6 [ICRA]A1+ 130 129.12 0.15 Oriental Bank of Commerce** INE141A16NC1 CRISIL A1+ 130 129.11 0.15 Yes Bank Ltd.** INE528G16XY9 [ICRA]A1+ 100 95.59 0.11 Yes Bank Ltd.** INE528G16XF8 CARE A1+ 25 24.22 0.03 Total 13,697.06 16.15 Commercial Paper National Fertilizers Ltd.** INE870D14502 CRISIL A1+ 500 2,468.11 2.91 Vodafone India Ltd.** INE705L14461 CRISIL A1+ 500 2,421.35 2.86 Fullern India Credit Co. Ltd.** INE535H14EV3 [ICRA]A1+ 500 2,304.19 2.72 Kotak Mahindra Investments Ltd.** INE975F14CW7 [ICRA]A1+ 140 692.69 0.82 Total 7,886.34 9.31 Reverse Repos / CBLOs 1,018.77 1.20 Total 1,018.77 1.20 Net Current Assets (including cash & bank balances) 1,703.89 2.00 Total as on 31-Oct-2014 84,767.84 100.00 ^ Traded has been classified on the basis of Traded data provided by CRISIL and ICRA. This product is suitable for invesrs who are seeking*: Regular income over medium term Investment in diversified portfolio of fixed income securities *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC ULTRA SHORT TERM BOND FUND (An open-ended Debt Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges LIC Housing Finance Ltd.** INE115A07EH2 CRISIL AAA 100 1,026.55 3.73 Housing Development Finance Corporation Ltd.** INE001A07HN5 CRISIL AAA 100 1,014.83 3.68 LIC Housing Finance Ltd.** INE115A07BO4 CRISIL AAA 100 1,014.44 3.68 Kotak Mahindra Prime Ltd.** INE916DA7DV4 [ICRA]AAA 100 1,005.88 3.65 Power Finance Corporation Ltd.** INE134E08AB4 CRISIL AAA 50 511.68 1.86 Shriram Transport Finance Company Ltd.** INE721A07GR1 CRISIL AA 50,000 509.35 1.85 National Bank for Agriculture & Rural Development** INE261F09HE9 CRISIL AAA 50 506.51 1.84 Bajaj Finance Ltd.** INE296A07955 [ICRA]AA+ 50 506.36 1.84 Kotak Mahindra Prime Ltd.** INE916DA7DI1 [ICRA]AAA 50 505.05 1.83 Shriram Transport Finance Company Ltd.** INE721A07GK6 CRISIL AA 6 61.03 0.22 Total 6,661.68 24.18 Privately Placed/Unlisted Tata Sons Ltd.** INE895D07362 CRISIL AAA 50 505.96 1.84 Total 505.96 1.84 Money Market Instruments Certificate of Deposit Punjab National Bank^ INE160A16JT3 Fitch A1+ 2,500 2,431.96 8.83 Oriental Bank of Commerce** INE141A16NJ6 CRISIL A1+ 2,200 2,179.49 7.91 Bank of Baroda** INE028A16821 [ICRA]A1+ 1,500 1,486.70 5.40 Bank of India** INE084A16AP2 CRISIL A1+ 1,500 1,457.81 5.29 Indian Overseas Bank** INE565A16962 [ICRA]A1+ 1,500 1,455.27 5.28 Canara Bank** INE476A16MX9 CRISIL A1+ 1,400 1,358.77 4.93 Bank of Baroda** INE028A16AE3 [ICRA]A1+ 1,000 972.53 3.53 Total 11,342.52 41.17 Commercial Paper Sundaram BNP Paribas Home Finance Ltd.** INE667F14960 CRISIL A1+ 300 1,488.02 5.40 National Fertilizers Ltd.** INE870D14494 CRISIL A1+ 300 1,484.68 5.39 Vodafone India Ltd.** INE705L14461 CRISIL A1+ 300 1,452.81 5.27 Kotak Mahindra Investments Ltd.** INE975F14CY3 [ICRA]A1+ 220 1,092.89 3.97 Magma Fincorp Ltd.** INE511C14LR8 CARE A1+ 140 690.42 2.51 Fullern India Credit Co. Ltd.** INE535H14EV3 [ICRA]A1+ 100 460.84 1.67 Total 6,669.65 24.21 Fixed Deposit IndusInd Bank Ltd. Fixed Deposit 1,500.00 5.45 Total 1,500.00 5.45 Reverse Repos / CBLOs 1,151.57 4.18 Total 1,151.57 4.18 Net Current Assets (including cash & bank balances) (288.60) (1.03) Total as on 31-Oct-2014 27,542.77 100.00 ^ Traded has been classified on the basis of Traded data provided by CRISIL and ICRA. This product is suitable for invesrs who are seeking*: Liquidity over short term Investment in Debt/Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC DYNAMIC FUND (An open-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 32,000 520.53 7.58 Axis Bank Ltd. INE238A01034 BANKS 85,000 373.49 5.44 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 95,000 337.44 4.92 HDFC Bank Ltd. INE040A01026 BANKS 35,000 319.15 4.65 Dr. Reddy's Laboraries Ltd. INE089A01023 PHARMACEUTICALS 10,000 316.83 4.62 Tata Mors Ltd. INE155A01022 AUTO 55,000 294.72 4.29 Tata Consultancy Services Ltd. INE467B01029 SOFTWARE 11,000 286.86 4.18 HCL Technologies Ltd. INE860A01027 SOFTWARE 17,500 281.47 4.10 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 15,000 248.32 3.62 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 60,000 243.09 3.54 Maruti Suzuki India Ltd. INE585B01010 AUTO 6,500 216.92 3.16 Bharat Petroleum Corporation Ltd. INE029A01011 PETROLEUM PRODUCTS 25,000 181.19 2.64 Power Grid Corporation of India Ltd. INE752E01010 POWER 120,000 174.96 2.55 Sesa Sterlite Ltd. INE205A01025 MINERALS/MINING 50,000 127.98 1.86 ACC Ltd. INE012A01025 CEMENT 8,000 119.94 1.75 Yes Bank Ltd. INE528G01019 BANKS 17,000 116.37 1.70 Adani Ports & Special Economic Zone Ltd. INE742F01042 TRANSPORTATION 40,000 114.26 1.66 Bharti Airtel Ltd. INE397D01024 TELECOM - SERVICES 27,000 107.70 1.57 Jindal Steel & Power Ltd. INE749A01030 FERROUS METALS 60,000 97.08 1.41 Hindustan Unilever Ltd. INE030A01027 CONSUMER NON DURABLES 10,000 73.84 1.08 Total 4,552.12 66.32 Reverse Repos / CBLOs 2,354.84 34.31 Total 2,354.84 34.31 Net Current Assets (including cash & bank balances) (43.14) (0.63) Total as on 31-Oct-2014 6,863.83 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in equity and equity related securities and in debt instruments when view on equity markets is negative High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC EQUITY FUND (An open-ended diversified equity Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 325,000 5,286.61 8.21 Axis Bank Ltd. INE238A01034 BANKS 875,000 3,844.75 5.97 Tata Mors Ltd. INE155A01022 AUTO 600,000 3,215.10 4.99 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 900,000 3,196.80 4.96 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 750,000 3,038.63 4.72 HCL Technologies Ltd. INE860A01027 SOFTWARE 180,000 2,895.12 4.49 Maruti Suzuki India Ltd. INE585B01010 AUTO 85,000 2,836.66 4.40 HDFC Bank Ltd. INE040A01026 BANKS 300,000 2,735.55 4.25 Tech Mahindra Ltd. INE669C01028 SOFTWARE 100,000 2,517.70 3.91 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 150,000 2,483.18 3.85 Yes Bank Ltd. INE528G01019 BANKS 350,000 2,395.75 3.72 Infosys Ltd. INE009A01021 SOFTWARE 50,000 2,025.63 3.14 Sesa Sterlite Ltd. INE205A01025 MINERALS/MINING 750,000 1,919.63 2.98 Wipro Ltd. INE075A01022 SOFTWARE 300,000 1,691.10 2.62 Motherson Sumi Systems Ltd. INE775A01035 AUTO ANCILLARIES 400,000 1,681.80 2.61 State Bank of India INE062A01012 BANKS 60,000 1,621.68 2.52 Dr. Reddy's Laboraries Ltd. INE089A01023 PHARMACEUTICALS 50,000 1,584.15 2.46 Adani Ports & Special Economic Zone Ltd. INE742F01042 TRANSPORTATION 550,000 1,571.08 2.44 ACC Ltd. INE012A01025 CEMENT 100,000 1,499.25 2.33 LIC Housing Finance Ltd. INE115A01026 FINANCE 400,000 1,448.20 2.25 Glenmark Pharmaceuticals Ltd. INE935A01035 PHARMACEUTICALS 200,000 1,436.10 2.23 IRB Infrastructure Developers Ltd. INE821I01014 CONSTRUCTION 550,000 1,386.83 2.15 Punjab National Bank INE160A01014 BANKS 125,000 1,163.56 1.81 Bank of Baroda INE028A01013 BANKS 125,000 1,161.88 1.80 Jindal Steel & Power Ltd. INE749A01030 FERROUS METALS 640,000 1,035.52 1.61 Lupin Ltd. INE326A01037 PHARMACEUTICALS 75,000 1,026.79 1.59 Bharat Petroleum Corporation Ltd. INE029A01011 PETROLEUM PRODUCTS 125,000 905.94 1.41 Tata Steel Ltd. INE081A01012 FERROUS METALS 175,000 857.50 1.33 Cairn India Ltd. INE910H01017 OIL 300,000 855.45 1.33 Rural Electrification Corporation Ltd. INE020B01018 FINANCE 250,000 755.00 1.17 Power Grid Corporation of India Ltd. INE752E01010 POWER 500,000 729.00 1.13 Tata Consultancy Services Ltd. INE467B01029 SOFTWARE 25,000 651.96 1.01 NTPC Ltd. INE733E01010 POWER 400,000 600.40 0.93 Reliance Industries Ltd. INE002A01018 PETROLEUM PRODUCTS 50,000 500.28 0.78 Sun TV Network Ltd. INE424H01027 MEDIA & ENTERTAINMENT 150,000 489.83 0.76 Crompn Greaves Ltd. INE067A01029 INDUSTRIAL CAPITAL GOODS 150,000 282.75 0.44 Housing Development Finance Corporation Ltd. INE001A01036 FINANCE 25,000 276.48 0.43 Jaiprakash Associates Ltd. INE455F01025 CONSTRUCTION 750,000 233.63 0.36 Total 63,837.22 99.09 Reverse Repos / CBLOs 854.49 1.33 Total 854.49 1.33 Net Current Assets (including cash & bank balances) (264.72) (0.42) Total as on 31-Oct-2014 64,427.00 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in equity and equity related securities High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC INDIA OPPORTUNITIES FUND (An open-ended flexi-cap equity Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 150,000 2,439.98 6.62 Axis Bank Ltd. INE238A01034 BANKS 450,000 1,977.30 5.37 HDFC Bank Ltd. INE040A01026 BANKS 160,000 1,458.96 3.96 Yes Bank Ltd. INE528G01019 BANKS 210,000 1,437.45 3.90 HCL Technologies Ltd. INE860A01027 SOFTWARE 85,000 1,367.14 3.71 Tata Mors Ltd. INE155A01022 AUTO 250,000 1,339.63 3.64 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 375,000 1,332.00 3.62 Tech Mahindra Ltd. INE669C01028 SOFTWARE 50,000 1,258.85 3.42 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 70,000 1,158.82 3.15 Eicher Mors Ltd. INE066A01013 AUTO 9,000 1,149.55 3.12 Dr. Reddy's Laboraries Ltd. INE089A01023 PHARMACEUTICALS 35,000 1,108.91 3.01 Shree Cements Ltd. INE070A01015 CEMENT 12,000 1,090.75 2.96 Infosys Ltd. INE009A01021 SOFTWARE 22,000 891.28 2.42 CESC Ltd. INE486A01013 POWER 125,000 847.56 2.30 IRB Infrastructure Developers Ltd. INE821I01014 CONSTRUCTION 325,000 819.49 2.22 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 200,000 810.30 2.20 IndusInd Bank Ltd. INE095A01012 BANKS 110,000 792.11 2.15 Arvind Ltd. INE034A01011 TEXTILE PRODUCTS 250,000 745.63 2.02 Aurobindo Pharma Ltd. INE406A01037 PHARMACEUTICALS 75,000 726.34 1.97 Glenmark Pharmaceuticals Ltd. INE935A01035 PHARMACEUTICALS 100,000 718.05 1.95 Gateway Distriparks Ltd. INE852F01015 TRANSPORTATION 250,000 716.25 1.94 D. B. Corporation Ltd. INE950I01011 MEDIA & ENTERTAINMENT 200,000 712.30 1.93 Prestige Estates Projects Ltd. INE811K01011 CONSTRUCTION 300,000 674.85 1.83 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 200,000 641.80 1.74 Supreme Industries Ltd. INE195A01028 INDUSTRIAL PRODUCTS 100,000 599.80 1.63 MindTree Ltd. INE018I01017 SOFTWARE 50,000 546.80 1.48 LIC Housing Finance Ltd. INE115A01026 FINANCE 150,000 543.08 1.47 State Bank of India INE062A01012 BANKS 20,000 540.56 1.47 Hindustan Petroleum Corporation Ltd. INE094A01015 PETROLEUM PRODUCTS 100,000 530.40 1.44 Sesa Sterlite Ltd. INE205A01025 MINERALS/MINING 200,000 511.90 1.39 Tata Steel Ltd. INE081A01012 FERROUS METALS 100,000 490.00 1.33 Punjab National Bank INE160A01014 BANKS 50,000 465.43 1.26 Prism Cement Ltd. INE010A01011 CEMENT 600,000 451.50 1.23 Vinati Organics Ltd. INE410B01029 CHEMICALS 90,000 385.43 1.05 Aban Offshore Ltd. INE421A01028 OIL 60,000 374.40 1.02 Corporation Bank INE112A01015 BANKS 110,000 372.41 1.01 Hindustan Unilever Ltd. INE030A01027 CONSUMER NON DURABLES 50,000 369.18 1.00 Sundram Fasteners Ltd. INE387A01021 AUTO ANCILLARIES 240,000 368.76 1.00 Tata Consultancy Services Ltd. INE467B01029 SOFTWARE 14,000 365.10 0.99 Gujarat Pipavav Port Ltd. INE517F01014 TRANSPORTATION 200,000 331.50 0.90 Gulf Oil Lubricants Ltd. INE635Q01029 PETROLEUM PRODUCTS 100,000 330.65 0.90 ECLERX SERVICES LTD. INE738I01010 SOFTWARE 25,000 324.79 0.88 Atul Ltd. INE100A01010 CHEMICALS 25,000 318.94 0.87 Syndicate Bank INE667A01018 BANKS 250,000 315.25 0.86 Rural Electrification Corporation Ltd. INE020B01018 FINANCE 100,000 302.00 0.82 Wipro Ltd. INE075A01022 SOFTWARE 35,000 197.30 0.54 Total 35,250.41 95.69 Reverse Repos / CBLOs 1,994.01 5.41 Total 1,994.01 5.41 Net Current Assets (including cash & bank balances) (404.38) (1.10) Total as on 31-Oct-2014 36,840.05 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in equity and equity related securities across market capitalisations High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC MIDCAP EQUITY FUND (An open-ended diversified equity Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges CCL PRODUCTS INDIA LTD. INE421D01022 CONSUMER NON DURABLES 792,000 1,033.16 3.86 UPL Ltd. INE628A01036 PESTICIDES 281,000 979.43 3.66 Aurobindo Pharma Ltd. INE406A01037 PHARMACEUTICALS 86,500 837.71 3.13 Sundram Fasteners Ltd. INE387A01021 AUTO ANCILLARIES 541,748 832.40 3.11 Atul Ltd. INE100A01010 CHEMICALS 63,316 807.75 3.02 Indiabulls Housing Finance Ltd. INE148I01020 FINANCE 179,500 750.85 2.80 DCB Bank Ltd. INE503A01015 BANKS 819,042 749.01 2.80 Balkrishna Industries Ltd. INE787D01026 AUTO ANCILLARIES 96,787 745.36 2.78 Gulf Oil Lubricants Ltd. INE635Q01029 PETROLEUM PRODUCTS 211,865 700.53 2.62 National Buildings Construction Corporation Ltd. INE095N01015 CONSTRUCTION 83,000 699.94 2.61 Cholamandalam Investment & Finance Co Ltd. INE121A01016 FINANCE 143,817 697.44 2.60 Apollo Tyres Ltd. INE438A01022 AUTO ANCILLARIES 313,000 685.78 2.56 BEML Ltd. INE258A01016 INDUSTRIAL CAPITAL GOODS 99,375 673.22 2.51 Syndicate Bank INE667A01018 BANKS 530,000 668.33 2.50 Gujarat Pipavav Port Ltd. INE517F01014 TRANSPORTATION 399,000 661.34 2.47 Arvind Ltd. INE034A01011 TEXTILE PRODUCTS 220,000 656.15 2.45 PI INDUSTRIES LIMITED INE603J01030 PESTICIDES 142,775 637.06 2.38 Persistent Systems Ltd. INE262H01013 SOFTWARE 47,500 617.33 2.30 Lupin Ltd. INE326A01037 PHARMACEUTICALS 43,500 595.54 2.22 Tech Mahindra Ltd. INE669C01028 SOFTWARE 23,400 589.14 2.20 Suprajit Engineering Ltd. INE399C01030 AUTO ANCILLARIES 500,478 583.31 2.18 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 179,694 576.64 2.15 Gateway Distriparks Ltd. INE852F01015 TRANSPORTATION 187,076 535.97 2.00 CESC Ltd. INE486A01013 POWER 78,500 532.27 1.99 Hindustan Petroleum Corporation Ltd. INE094A01015 PETROLEUM PRODUCTS 100,000 530.40 1.98 HT Media Ltd. INE501G01024 MEDIA & ENTERTAINMENT 450,470 522.32 1.95 Motilal Oswal Financial Services Ltd. INE338I01027 FINANCE 238,393 512.43 1.91 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 360,000 499.86 1.87 The Federal Bank Ltd. INE171A01029 BANKS 345,000 490.07 1.83 IRB Infrastructure Developers Ltd. INE821I01014 CONSTRUCTION 189,000 476.56 1.78 V.S.T Tillers Tracrs Ltd. INE764D01017 AUTO 30,600 450.00 1.68 Gujarat Mineral Development Corporation Ltd. INE131A01031 MINERALS/MINING 267,048 407.11 1.52 Vinati Organics Ltd. INE410B01029 CHEMICALS 92,397 395.69 1.48 Torrent Pharmaceuticals Ltd. INE685A01028 PHARMACEUTICALS 44,000 388.04 1.45 The South Indian Bank Ltd. INE683A01023 BANKS 1,320,000 366.30 1.37 Alembic Pharmaceuticals Ltd. INE901L01018 PHARMACEUTICALS 89,000 364.37 1.36 Everest Industries Ltd. INE295A01018 CEMENT 132,308 354.78 1.32 Prism Cement Ltd. INE010A01011 CEMENT 470,861 354.32 1.32 Godfrey Phillips India Ltd. INE260B01010 CONSUMER NON DURABLES 10,824 322.44 1.20 Adani Ports & Special Economic Zone Ltd. INE742F01042 TRANSPORTATION 105,000 299.93 1.12 IPCA Laboraries Ltd. INE571A01020 PHARMACEUTICALS 40,800 298.37 1.11 Gulf Oil Corporation Ltd. INE077F01035 PETROLEUM PRODUCTS 165,092 284.70 1.06 Aban Offshore Ltd. INE421A01028 OIL 40,000 249.60 0.93 Nucleus Software Exports Ltd. INE096B01018 SOFTWARE 113,624 249.23 0.93 KEC International Ltd. INE389H01022 CONSTRUCTION PROJECT 207,527 227.86 0.85 Karur Vysya Bank Ltd. INE036D01010 BANKS 40,000 218.16 0.81 Jagran Prakashan Ltd. INE199G01027 MEDIA & ENTERTAINMENT 150,000 194.85 0.73 BF Utilities Ltd. INE243D01012 CONSTRUCTION 28,650 191.38 0.71 JK Lakshmi Cement Ltd. INE786A01032 CEMENT 45,000 165.20 0.62 Dena Bank INE077A01010 BANKS 240,500 153.80 0.57 Indiabulls Real Estate Ltd. INE069I01010 CONSTRUCTION 185,000 131.63 0.49 Commercial Engineers & Body Builders Co Ltd. INE209L01016 INDUSTRIAL CAPITAL GOODS 655,000 125.11 0.47 ECLERX SERVICES LTD. INE738I01010 SOFTWARE 7,000 90.94 0.34 Kaveri Seed Company Ltd. INE455I01029 CONSUMER NON DURABLES 9,671 89.19 0.33 Majestic Au Ltd. INE201B01022 AUTO ANCILLARIES 84,606 83.29 0.31 Total 26,333.61 98.30 Reverse Repos / CBLOs 818.91 3.06 Total 818.91 3.06 Net Current Assets (including cash & bank balances) (366.06) (1.36) Total as on 31-Oct-2014 26,786.45 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in predominantly mid cap equity and equity related securities High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC PROGRESSIVE THEMES FUND (An open-ended flexi-theme equity Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges National Buildings Construction Corporation Ltd. INE095N01015 CONSTRUCTION 150,000 1,264.95 8.26 Gateway Distriparks Ltd. INE852F01015 TRANSPORTATION 404,949 1,160.18 7.57 Hindustan Petroleum Corporation Ltd. INE094A01015 PETROLEUM PRODUCTS 192,000 1,018.37 6.65 Fag Bearings India Ltd. INE513A01014 INDUSTRIAL PRODUCTS 28,276 883.58 5.77 Gujarat Pipavav Port Ltd. INE517F01014 TRANSPORTATION 495,000 820.46 5.36 Rural Electrification Corporation Ltd. INE020B01018 FINANCE 240,000 724.80 4.73 ICICI Bank Ltd. INE090A01013 BANKS 44,500 723.86 4.73 IRB Infrastructure Developers Ltd. INE821I01014 CONSTRUCTION 250,000 630.38 4.12 BEML Ltd. INE258A01016 INDUSTRIAL CAPITAL GOODS 86,834 588.26 3.84 Adani Ports & Special Economic Zone Ltd. INE742F01042 TRANSPORTATION 203,000 579.87 3.79 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 404,200 561.23 3.66 Tata Mors Ltd. IN9155A01020 AUTO 161,000 539.83 3.52 Everest Industries Ltd. INE295A01018 CEMENT 196,500 526.91 3.44 JSW Energy Ltd. INE121E01018 POWER 650,000 521.95 3.41 Apollo Tyres Ltd. INE438A01022 AUTO ANCILLARIES 216,000 473.26 3.09 Gujarat Mineral Development Corporation Ltd. INE131A01031 MINERALS/MINING 265,612 404.93 2.64 Reliance Infrastructure Ltd. INE036A01016 POWER 63,500 404.62 2.64 Power Grid Corporation of India Ltd. INE752E01010 POWER 275,000 400.95 2.62 Karnataka Bank Ltd. INE614B01018 BANKS 285,000 353.54 2.31 Dena Bank INE077A01010 BANKS 490,000 313.36 2.05 HIL Ltd. INE557A01011 CEMENT 45,000 302.22 1.97 PTC India Ltd. INE877F01012 POWER 320,886 293.93 1.92 CESC Ltd. INE486A01013 POWER 42,000 284.78 1.86 Indian Oil Corporation Ltd. INE242A01010 PETROLEUM PRODUCTS 67,200 244.71 1.60 Gammon Infrastructure Projects Ltd. INE181G01025 CONSTRUCTION PROJECT 1,495,836 218.39 1.43 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 12,500 206.93 1.35 Gujarat State Petronet Ltd. INE246F01010 GAS 200,000 193.90 1.27 United Bank of India INE695A01019 BANKS 336,000 141.79 0.93 PTC India Financial Services Ltd. INE560K01014 FINANCE 250,000 126.88 0.83 Commercial Engineers & Body Builders Co Ltd. INE209L01016 INDUSTRIAL CAPITAL GOODS 456,592 87.21 0.57 Gammon India Ltd. INE259B01020 CONSTRUCTION PROJECT 219,107 77.56 0.51 Aban Offshore Ltd. INE421A01028 OIL 6,500 40.56 0.26 KEC International Ltd. INE389H01022 CONSTRUCTION PROJECT 30,000 32.94 0.22 Total 15,147.09 98.92 Reverse Repos / CBLOs 303.96 1.98 Total 303.96 1.98 Net Current Assets (including cash & bank balances) (133.46) (0.90) Total as on 31-Oct-2014 15,317.59 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in equity and equity related securities, primarily in themes that play an important role in India's economic development High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC TAX SAVER EQUITY FUND (An open-ended Equity Linked Savings Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 88,100 1,433.08 7.11 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 52,700 872.42 4.33 Shree Cements Ltd. INE070A01015 CEMENT 9,397 854.15 4.24 IndusInd Bank Ltd. INE095A01012 BANKS 116,000 835.32 4.14 Infosys Ltd. INE009A01021 SOFTWARE 20,200 818.35 4.06 Maruti Suzuki India Ltd. INE585B01010 AUTO 24,233 808.72 4.01 Tech Mahindra Ltd. INE669C01028 SOFTWARE 30,700 772.93 3.83 IPCA Laboraries Ltd. INE571A01020 PHARMACEUTICALS 103,874 759.63 3.77 Axis Bank Ltd. INE238A01034 BANKS 163,500 718.42 3.56 LIC Housing Finance Ltd. INE115A01026 FINANCE 175,428 635.14 3.15 The Federal Bank Ltd. INE171A01029 BANKS 408,560 580.36 2.88 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 395,000 548.46 2.72 HDFC Bank Ltd. INE040A01026 BANKS 56,000 510.64 2.53 Motherson Sumi Systems Ltd. INE775A01035 AUTO ANCILLARIES 120,862 508.16 2.52 Arvind Ltd. INE034A01011 TEXTILE PRODUCTS 164,000 489.13 2.43 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 136,098 483.42 2.40 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 118,000 478.08 2.37 Britannia Industries Ltd. INE216A01022 CONSUMER NON DURABLES 31,089 475.91 2.36 CESC Ltd. INE486A01013 POWER 69,000 467.85 2.32 Mcleod Russel India Ltd. INE942G01012 CONSUMER NON DURABLES 174,808 454.59 2.25 Crompn Greaves Ltd. INE067A01029 INDUSTRIAL CAPITAL GOODS 232,000 437.32 2.17 The Ramco Cements Ltd. INE331A01037 CEMENT 124,405 428.89 2.13 Gateway Distriparks Ltd. INE852F01015 TRANSPORTATION 147,000 421.16 2.09 MindTree Ltd. INE018I01017 SOFTWARE 37,500 410.10 2.03 Amara Raja Batteries Ltd. INE885A01032 AUTO ANCILLARIES 62,536 409.39 2.03 Supreme Industries Ltd. INE195A01028 INDUSTRIAL PRODUCTS 68,054 408.19 2.02 Sundaram Finance Ltd. INE660A01013 FINANCE 29,623 403.84 2.00 Orient Refracries Ltd. INE743M01012 INDUSTRIAL PRODUCTS 397,517 390.96 1.94 MRF Ltd. INE883A01011 AUTO ANCILLARIES 1,248 390.82 1.94 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 116,000 372.24 1.85 Lupin Ltd. INE326A01037 PHARMACEUTICALS 26,500 362.80 1.80 The South Indian Bank Ltd. INE683A01023 BANKS 1,270,000 352.43 1.75 HCL Technologies Ltd. INE860A01027 SOFTWARE 20,000 321.68 1.60 Reliance Industries Ltd. INE002A01018 PETROLEUM PRODUCTS 30,000 300.17 1.49 Sun TV Network Ltd. INE424H01027 MEDIA & ENTERTAINMENT 90,000 293.90 1.46 Bajaj Electricals Ltd. INE193E01025 CONSUMER DURABLES 98,863 280.52 1.39 Tata Mors Ltd. INE155A01022 AUTO 41,000 219.70 1.09 Jindal Steel & Power Ltd. INE749A01030 FERROUS METALS 109,000 176.36 0.87 Jaiprakash Associates Ltd. INE455F01025 CONSTRUCTION 410,000 127.72 0.63 Total 20,012.91 99.26 Reverse Repos / CBLOs 213.33 1.06 Total 213.33 1.06 Net Current Assets (including cash & bank balances) (58.26) (0.32) Total as on 31-Oct-2014 20,167.98 100.00 This product is suitable for invesrs who are seeking*: To create wealth over long term Investment in equity and equity related securities with no capitalisation bias High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC DIVIDEND YIELD EQUITY FUND (An open ended equity Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Equity & Equity Related Instruments Listed / Awaiting listing on Sck Exchanges ICICI Bank Ltd. INE090A01013 BANKS 24,620 400.48 7.98 Infosys Ltd. INE009A01021 SOFTWARE 8,815 357.12 7.12 ITC Ltd. INE154A01025 CONSUMER NON DURABLES 77,112 273.90 5.46 Oil & Natural Gas Corporation Ltd. INE213A01029 OIL 62,500 253.22 5.05 Karur Vysya Bank Ltd. INE036D01010 BANKS 33,106 180.56 3.60 Axis Bank Ltd. INE238A01034 BANKS 39,500 173.56 3.46 Larsen & Toubro Ltd. INE018A01030 CONSTRUCTION PROJECT 10,325 170.93 3.41 Bharat Petroleum Corporation Ltd. INE029A01011 PETROLEUM PRODUCTS 22,500 163.07 3.25 The Federal Bank Ltd. INE171A01029 BANKS 110,000 156.26 3.12 Lupin Ltd. INE326A01037 PHARMACEUTICALS 10,826 148.21 2.96 Bank of Baroda INE028A01013 BANKS 15,150 140.82 2.81 Maruti Suzuki India Ltd. INE585B01010 AUTO 4,185 139.66 2.78 Wipro Ltd. INE075A01022 SOFTWARE 21,900 123.45 2.46 Hindustan Zinc Ltd. INE267A01025 NON - FERROUS METALS 70,100 120.19 2.40 Gateway Distriparks Ltd. INE852F01015 TRANSPORTATION 40,468 115.94 2.31 Motherson Sumi Systems Ltd. INE775A01035 AUTO ANCILLARIES 26,800 112.68 2.25 Amara Raja Batteries Ltd. INE885A01032 AUTO ANCILLARIES 16,200 106.05 2.11 Indiabulls Housing Finance Ltd. INE148I01020 FINANCE 24,000 100.39 2.00 IRB Infrastructure Developers Ltd. INE821I01014 CONSTRUCTION 39,800 100.36 2.00 The Jammu & Kashmir Bank Ltd. INE168A01041 BANKS 72,150 100.18 2.00 Shree Cements Ltd. INE070A01015 CEMENT 1,100 99.99 1.99 Hero MoCorp Ltd. INE158A01026 AUTO 3,200 98.06 1.96 MRF Ltd. INE883A01011 AUTO ANCILLARIES 308 96.45 1.92 Mcleod Russel India Ltd. INE942G01012 CONSUMER NON DURABLES 34,863 90.66 1.81 Tata Mors Ltd. INE155A01022 AUTO 15,593 83.56 1.67 HCL Technologies Ltd. INE860A01027 SOFTWARE 5,085 81.79 1.63 Finolex Industries Ltd. INE183A01016 INDUSTRIAL PRODUCTS 25,000 80.23 1.60 ECLERX SERVICES LTD. INE738I01010 SOFTWARE 6,000 77.95 1.55 NMDC Ltd. INE584A01023 MINERALS/MINING 45,000 76.91 1.53 ACC Ltd. INE012A01025 CEMENT 5,050 75.71 1.51 Hindustan Unilever Ltd. INE030A01027 CONSUMER NON DURABLES 10,203 75.33 1.50 Tata Steel Ltd. INE081A01012 FERROUS METALS 15,175 74.36 1.48 Power Grid Corporation of India Ltd. INE752E01010 POWER 50,000 72.90 1.45 Tech Mahindra Ltd. INE669C01028 SOFTWARE 2,830 71.25 1.42 NTPC Ltd. INE733E01010 POWER 46,800 70.25 1.40 Supreme Industries Ltd. INE195A01028 INDUSTRIAL PRODUCTS 11,421 68.50 1.37 Sun TV Network Ltd. INE424H01027 MEDIA & ENTERTAINMENT 20,975 68.49 1.37 HDFC Bank Ltd. INE040A01026 BANKS 6,920 63.10 1.26 Reliance Industries Ltd. INE002A01018 PETROLEUM PRODUCTS 5,000 50.03 1.00 IPCA Laboraries Ltd. INE571A01020 PHARMACEUTICALS 4,500 32.91 0.66 Orient Refracries Ltd. INE743M01012 INDUSTRIAL PRODUCTS 11,220 11.03 0.22 Total 4,956.47 98.83 Reverse Repos / CBLOs 60.88 1.21 Total 60.88 1.21 Net Current Assets (including cash & bank balances) (1.92) (0.04) Total as on 31-Oct-2014 5,015.44 100.00 This product is suitable for invesrs who are seeking*: To create long term capital growth Investment in equity & equity related securities High risk (BROWN) *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC FIXED TERM SERIES 100 (A close-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges Housing Development Finance Corporation Ltd.** INE001A07LX6 CRISIL AAA 50 500.10 7.36 LIC Housing Finance Ltd.** INE115A07BN6 CRISIL AAA 50 500.06 7.36 Total 1,000.17 14.72 Money Market Instruments Certificate of Deposit State Bank of Patiala** INE652A16IH6 [ICRA]A1+ 1,370 1,360.69 20.03 Oriental Bank of Commerce** INE141A16NC1 CRISIL A1+ 1,370 1,360.66 20.03 Vijaya Bank** INE705A16HY9 CARE A1+ 1,000 993.16 14.62 Kotak Mahindra Bank Ltd.** INE237A16XH5 CRISIL A1+ 1,000 992.70 14.61 Axis Bank Ltd.** INE238A16UO5 CRISIL A1+ 1,000 992.67 14.61 Total 5,699.88 83.90 Reverse Repos / CBLOs 10.23 0.15 Total 10.23 0.15 Net Current Assets (including cash & bank balances) 84.31 1.23 Total as on 31-Oct-2014 6,794.59 100.00 This product is suitable for invesrs who are seeking*: Regular fixed income over short term Investment in Debt/Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC FIXED TERM SERIES 101 (A close-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Debt Instruments Listed / Awaiting listing on Sck Exchanges LIC Housing Finance Ltd.** INE115A07BT3 CRISIL AAA 200 2,001.21 10.33 Housing Development Finance Corporation Ltd.** INE001A07MD6 CRISIL AAA 200 2,001.20 10.33 National Bank for Agriculture & Rural Development** INE261F09HB5 CRISIL AAA 50 500.17 2.58 Total 4,502.58 23.24 Money Market Instruments Certificate of Deposit Canara Bank** INE476A16LK8 CRISIL A1+ 3,800 3,731.75 19.26 ICICI Bank Ltd.** INE090A16K02 [ICRA]A1+ 2,900 2,846.28 14.69 Yes Bank Ltd.** INE528G16WH6 [ICRA]A1+ 2,900 2,846.06 14.69 Axis Bank Ltd.** INE238A16VM7 CRISIL A1+ 2,660 2,611.29 13.48 Central Bank of India** INE483A16HS5 CARE A1+ 2,500 2,454.79 12.67 Total 14,490.17 74.79 Reverse Repos / CBLOs 42.37 0.22 Total 42.37 0.22 Net Current Assets (including cash & bank balances) 339.20 1.75 Total as on 31-Oct-2014 19,374.32 100.00 This product is suitable for invesrs who are seeking*: Regular fixed income over short term Investment in Debt/Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.

Name of the Scheme : HSBC FIXED TERM SERIES 102 (A close-ended Scheme) Monthly Portfolio Statement as of Ocber 31,2014 Money Market Instruments Certificate of Deposit Andhra Bank** INE434A16GU6 CARE A1+ 1,870 1,788.78 19.94 Corporation Bank** INE112A16FZ9 CRISIL A1+ 1,780 1,703.00 18.99 Punjab National Bank** INE160A16KJ2 CARE A1+ 1,500 1,434.79 16.00 Dena Bank** INE077A16BW0 CRISIL A1+ 1,500 1,434.39 15.99 Yes Bank Ltd.** INE528G16XY9 [ICRA]A1+ 1,400 1,338.23 14.92 The Jammu & Kashmir Bank Ltd.** INE168A16JP4 CRISIL A1+ 1,300 1,242.54 13.85 Total 8,941.74 99.69 Reverse Repos / CBLOs 36.85 0.41 Total 36.85 0.41 Net Current Assets (including cash & bank balances) (8.75) (0.10) Total as on 31-Oct-2014 8,969.84 100.00 This product is suitable for invesrs who are seeking*: Regular fixed income over short term Investment in Debt/Money Market Instruments *Invesrs should consult their financial advisers if in doubt about whether the product is suitable for them. (BLUE) invesrs understand that their principal will be at low risk (YELLOW) invesrs understand that their principal will be at medium risk (BROWN) invesrs understand that their principal will be at high risk Mutual Fund investments are subject market risks, read all scheme related documents carefully.