HSBC Conservative Hybrid Fund - IDCW - Monthly

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.

Equity Holding : 19.86% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 19.86%

No of Stocks : 29 (Category Avg - 35.72) | Large Cap Investments : 1.94%| Mid Cap Investments : 2.06% | Small Cap Investments : 8.2% | Other : 7.66%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	29	35.72
Top 5 Stock Weight	10.54%	8.04%
Top 10 Stock Weight	14.21%	12.06%
Top 3 Sector Weight	10.49%	8.38%

Category - Conservative Hybrid Fund

Particulars	This Scheme	Category
Average mcap (Cr)	4204.58	27444.65
Holdings in large cap stocks	1.94%	11.22%
Holdings in mid cap stocks	2.06%	2.1%
Holdings in small cap stocks	8.2%	1.89%

Category - Conservative Hybrid Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
Eternal Ltd.	E-retail/ e-commerce	63.6	4.21%	0.05%	4.6% (Oct 2025)	0.81% (Jan 2025)	2.00 L
GE T&D India Ltd.	Heavy electrical equipment	42.5	2.82%	0.17%	2.82% (Oct 2025)	1.29% (Feb 2025)	14.00 k
Transformers & Rectifiers (India) Ltd.	Power equipment	26.7	1.77%	-0.09%	2.4% (Apr 2025)	1.54% (Mar 2025)	60.00 k
Kaynes Technology India Private Ltd.	Industrial products	13.4	0.89%	-0.01%	1.01% (Dec 2024)	0.54% (Feb 2025)	2.00 k
Bharat Electronics Ltd.	Aerospace & defense	12.8	0.85%	0.08%	0.85% (Oct 2025)	0.51% (Feb 2025)	30.00 k
KEI Industries Ltd.	Cables - electricals	12.6	0.84%	0.03%	0.94% (Dec 2024)	0.6% (Apr 2025)	3.13 k
Persistent Systems Ltd.	Computers - software & consulting	11.8	0.78%	0.16%	0.88% (Dec 2024)	0.62% (Sep 2025)	2.00 k
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	11.1	0.73%	0.02%	0.78% (Dec 2024)	0.56% (Feb 2025)	15.00 k
Larsen & Toubro Ltd.	Civil construction	10.1	0.67%	0.09%	0.67% (Oct 2025)	0.54% (Jul 2025)	2.50 k
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	9.8	0.65%	0.05%	0.65% (Oct 2025)	0.47% (Dec 2024)	5.80 k

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

None
Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	M-Cap	GroupName
Eternal Ltd.	E-retail/ e-commerce	4.21	63.6	4.21%	0.05%	4.6% (Oct 2025)	0.81% (Jan 2025)	2.00 L	Other	7.66
GE T&D India Ltd.	Heavy electrical equipment	4.51	42.5	2.82%	0.17%	2.82% (Oct 2025)	1.29% (Feb 2025)	14.00 k	Small Cap	8.2
Transformers & Rectifiers (India) Ltd.	Power equipment	1.77	26.7	1.77%	-0.09%	2.4% (Apr 2025)	1.54% (Mar 2025)	60.00 k	Small Cap	8.2
Kaynes Technology India Private Ltd.	Industrial products	0.89	13.4	0.89%	-0.01%	1.01% (Dec 2024)	0.54% (Feb 2025)	2.00 k	Other	7.66
Bharat Electronics Ltd.	Aerospace & defense	0.85	12.8	0.85%	0.08%	0.85% (Oct 2025)	0.51% (Feb 2025)	30.00 k	Mid Cap	2.06
KEI Industries Ltd.	Cables - electricals	0.84	12.6	0.84%	0.03%	0.94% (Dec 2024)	0.6% (Apr 2025)	3.13 k	Small Cap	8.2
Persistent Systems Ltd.	Computers - software & consulting	1.13	11.8	0.78%	0.16%	0.88% (Dec 2024)	0.62% (Sep 2025)	2.00 k	Other	7.66
CG Power and Industrial Solutions Ltd.	Heavy electrical equipment	4.51	11.1	0.73%	0.02%	0.78% (Dec 2024)	0.56% (Feb 2025)	15.00 k	Small Cap	8.2
Larsen & Toubro Ltd.	Civil construction	1.08	10.1	0.67%	0.09%	0.67% (Oct 2025)	0.54% (Jul 2025)	2.50 k	Large Cap	1.94
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	0.74	9.8	0.65%	0.05%	0.65% (Oct 2025)	0.47% (Dec 2024)	5.80 k	Other	7.66
Indian Hotels Company Limited	Hotels & resorts	0.62	9.4	0.62%	0.04%	0.76% (Dec 2024)	0.58% (Jun 2025)	12.70 k	Mid Cap	2.06
ICICI Bank Ltd.	Private sector bank	0.66	9.4	0.62%	0.02%	0.7% (Apr 2025)	0.57% (Jan 2025)	7.00 k	Large Cap	1.94
- Safari Industries (India) Ltd.	Plastic products - consumer	0.62	9.4	0.62%	0.00%	0.8% (Dec 2024)	0.57% (Jul 2025)	4.40 k	Small Cap	8.2
Sobha Ltd.	Residential, commercial projects	0.98	9.1	0.60%	0.04%	0.6% (Oct 2025)	0.43% (Jan 2025)	5.64 k	Small Cap	8.2
Siemens Energy India Ltd.	Power generation	0.53	8	0.53%	-0.02%	0.55% (Sep 2025)	0% (Nov 2024)	2.50 k	Other	7.66
Siemens Ltd.	Heavy electrical equipment	4.51	7.7	0.51%	0.01%	1.33% (Dec 2024)	0.47% (Jul 2025)	2.50 k	Large Cap	1.94
Power Mech Projects Ltd.	Civil construction	1.08	6.2	0.41%	-0.02%	0.51% (Jun 2025)	0.31% (Feb 2025)	2.50 k	Small Cap	8.2
Godrej Properties Ltd.	Residential, commercial projects	0.98	5.7	0.38%	0.07%	0.49% (Dec 2024)	0.31% (Sep 2025)	2.50 k	Mid Cap	2.06
Triveni Turbine Ltd.	Heavy electrical equipment	4.51	5.4	0.35%	0.02%	0.54% (Dec 2024)	0.32% (Aug 2025)	10.00 k	Small Cap	8.2
Aditya Vision Ltd.	Speciality retail	0.41	4.3	0.29%	0.02%	0.29% (Oct 2025)	0.17% (Jun 2025)	7.50 k	Other	7.66
KPIT Technologies Ltd.	Computers - software & consulting	1.13	3.5	0.23%	0.02%	0.93% (Dec 2024)	0.21% (Sep 2025)	3.00 k	Other	7.66
- Trent Limited	Speciality retail	0.41	1.9	0.12%	0.00%	2.61% (Dec 2024)	0.12% (Oct 2025)	400.00	Mid Cap	2.06
Infosys Ltd.	Computers - software & consulting	1.13	1.8	0.12%	0.01%	0.17% (Dec 2024)	0.11% (Sep 2025)	1.23 k	Large Cap	1.94
Sundaram Finance Limited	Non banking financial company (nbfc)	0.74	1.3	0.09%	0.01%	0.1% (May 2025)	0.08% (Dec 2024)	282.00	Mid Cap	2.06
Suzlon Energy Ltd.	Heavy electrical equipment	4.51	0.9	0.06%	0.01%	0.51% (Dec 2024)	0.05% (Sep 2025)	15.00 k	Small Cap	8.2
- HDFC Bank Ltd.	Private sector bank	0.66	0.7	0.04%	0.00%	0.05% (Apr 2025)	0.04% (Apr 2025)	672.00	Other	7.66
TD Power Systems Ltd.	Heavy electrical equipment	4.51	0.3	0.02%	0.01%	0.88% (Dec 2024)	0.01% (Apr 2025)	348.00	Other	7.66
- Medi Assist Healthcare Services Ltd.	Healthcare service provider	0.02	0.3	0.02%	0.00%	0.65% (Dec 2024)	0.01% (Apr 2025)	456.00	Other	7.66
ABB India Ltd.	Heavy electrical equipment	4.51	0.2	0.02%	0.01%	0.7% (Dec 2024)	0.01% (Aug 2025)	44.00	Large Cap	1.94

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
Eternal Ltd.	4.21%	4.16%	3.99%	3.78%	3.23%	2.98%	6.48%	5.54%	-	-	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	3.05%	2.92%	0.94%	0.97%	0.88%
GE T&D India Ltd.	2.82%	2.65%	2.47%	2.34%	2.02%	1.96%	1.53%	1.50%	1.29%	1.66%	1.97%	1.71%	1.83%
Transformers & Rectifiers (India) Ltd.	1.77%	1.86%	1.87%	1.88%	1.80%	1.96%	2.07%	2.21%	1.59%	1.77%	2.32%	2.09%	2.03%
Trent Limited	0.12%	0.12%	1.82%	1.66%	2.06%	1.90%	1.95%	1.98%	1.80%	2.06%	2.61%	2.55%	0.73%
KEI Industries Ltd.	0.84%	0.81%	0.76%	0.74%	0.73%	0.71%	0.67%	0.62%	0.66%	0.83%	0.94%	0.94%	0.93%
Kaynes Technology India Private Ltd.	0.89%	0.90%	0.78%	0.76%	0.75%	0.75%	0.80%	0.65%	0.57%	0.64%	1.01%	0.83%	0.80%
Siemens Ltd.	0.51%	0.50%	0.49%	0.47%	0.50%	0.51%	0.51%	0.91%	0.79%	1.01%	1.11%	1.31%	1.28%
Paradeep Phosphates Ltd.	-	-	-	1.13%	0.84%	0.92%	0.86%	0.61%	0.51%	0.64%	0.64%	0.66%	0.65%
Persistent Systems Ltd.	0.78%	0.62%	0.67%	0.63%	0.74%	0.70%	0.74%	0.76%	0.73%	0.80%	0.88%	0.82%	0.79%
CG Power and Industrial Solutions Ltd.	0.73%	0.71%	0.66%	0.61%	0.63%	0.64%	0.66%	0.66%	0.59%	0.63%	0.74%	0.76%	0.77%
Bharat Electronics Ltd.	0.85%	0.77%	0.70%	0.71%	0.77%	0.72%	0.66%	0.62%	0.51%	0.58%	0.60%	0.64%	0.63%
Safari Industries (India) Ltd.	0.62%	0.62%	0.60%	0.57%	0.58%	0.63%	0.61%	0.60%	0.64%	0.70%	0.78%	0.79%	0.71%
Indian Hotels Company Limited	0.62%	0.58%	0.61%	0.58%	0.59%	0.61%	0.70%	0.69%	0.62%	0.64%	0.76%	0.70%	0.63%
ICICI Bank Ltd.	0.62%	0.60%	0.62%	0.64%	0.62%	0.63%	0.70%	0.65%	0.58%	0.58%	0.61%	0.63%	0.66%

No of Debt Holding 11 (Category Avg - 40.89) | Modified Duration 5.66 Years (Category Avg - 4.38)| Yield to Maturity 6.67% (Category Avg - 7.00%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	63.88%	35.08%
CD	0.00%	0.52%
T-Bills	0.00%	0.12%
NCD & Bonds	14.00%	33.30%
PTC	0.00%	0.97%

Category - Conservative Hybrid Fund

Security Type	% Weight	Category Average
Government Backed	63.88%	35.21%
Low Risk	14.00%	33.08%
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 - Conservative Hybrid Fund

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

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			406.69	26.95%	40.00 L
Bond - Govt of India	GOI	Other			305.43	20.24%	30.00 L
Bond - Govt of India	GOI	Other			103.67	6.87%	10.00 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	54.16	3.59%	500.00
Bond - Govt of India	GOI	Other			54.06	3.58%	5.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	53.40	3.54%	500.00
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	52.00	3.45%	500.00
Bond - Govt of India	GOI	Other			51.80	3.43%	5.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	51.67	3.42%	500.00
Bond - Govt of India	GOI	Other			41.33	2.74%	4.00 L
Bond - Govt of India	GOI	Other			0.99	0.07%	9.90 k