HSBC Banking and PSU Debt Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 60 (Category Avg - 60.90) | Modified Duration 2.73 Years (Category Avg - 2.97)| Yield to Maturity 6.69% (Category Avg - 6.70%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	13.02%	14.96%
CD	5.12%	5.58%
T-Bills	0.00%	0.04%
CP	0.00%	0.08%
NCD & Bonds	77.85%	72.98%
PTC	2.88%	0.96%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	13.02%	14.99%
Low Risk	85.85%	79.60%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	1858.93	4.20%	17.50 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1615.48	3.65%	15.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	1596.49	3.61%	15.00 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	1579.26	3.57%	15.50 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1462.46	3.31%	13.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1388.44	3.14%	13.00 k
Bond - Govt of India	GOI	Other			1360.26	3.07%	1.30 Cr
Bond - National Housing Bank	NCD & Bonds	Financial institution	INDAAA	FITCH	1342.49	3.03%	12.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	1336.44	3.02%	13.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1330.64	3.01%	12.50 k
Bond - Govt of India	GOI	Other			1102.62	2.49%	1.08 Cr
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	1089.49	2.46%	10.00 k
Bond - Axis Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	1066.83	2.41%	1.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1051.02	2.38%	1.00 k
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1044.94	2.36%	10.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	1023.62	2.31%	10.00 k
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	1018.50	2.30%	10.00 k
Bond - Govt of India	GOI	Other			1007.75	2.28%	95.00 L
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	963.55	2.18%	2.00 k
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	961.26	2.17%	2.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	958.30	2.17%	9.00 k
Bond - Shivshakti Securitisation Trust	PTC	Ptc	AAA	CRISIL	866.24	1.96%	85.00
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	810.25	1.83%	7.50 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	802.34	1.81%	7.50 k
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	784.78	1.77%	7.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	683.28	1.54%	650.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	657.29	1.49%	650.00
Bond - Indian Oil Corporation Ltd.	NCD & Bonds	Refineries & marketing	AAA	CRISIL	623.49	1.41%	600.00
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	620.02	1.40%	6.00 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	536.90	1.21%	5.00 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	535.84	1.21%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	535.66	1.21%	5.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	530.83	1.20%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	528.70	1.19%	5.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	528.50	1.19%	5.00 k
Bond - Govt of India	GOI	Other			527.83	1.19%	50.00 L
Bond - Bajaj Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	519.67	1.17%	5.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	514.70	1.16%	5.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	513.01	1.16%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	509.38	1.15%	5.00 k
Bond - Govt of India	GOI	Other			509.05	1.15%	50.00 L
Bond - Govt of India	GOI	Other			505.85	1.14%	50.00 L
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	505.05	1.14%	5.00 k
Bond - Govt of India	GOI	Other			499.42	1.13%	50.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	496.60	1.12%	4.50 k
Bond - Siddhivinayak Securitisation Trust	PTC	Ptc	AAA	CRISIL	408.17	0.92%	40.00
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	319.49	0.72%	300.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	309.40	0.70%	1.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	274.51	0.62%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	268.31	0.61%	250.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	268.24	0.61%	2.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	266.34	0.60%	2.50 k
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	252.48	0.57%	2.50 k
Bond - Govt of India	GOI	Other			252.63	0.57%	25.13 L
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	242.29	0.55%	500.00
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	181.16	0.41%	1.80 k
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	157.37	0.36%	150.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	107.63	0.24%	100.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	95.26	0.22%	200.00
Bond - Kotak Mahindra Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	52.86	0.12%	50.00