HSBC Dynamic Bond Fund - Direct Plan - 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 15 (Category Avg - 29.09) | Modified Duration 6.58 Years (Category Avg - 6.13)| Yield to Maturity 6.89% (Category Avg - 6.84%)

Portfolio Summary (as on 30th Nov,2025)

Category - Dynamic Bond Fund

Category - Dynamic Bond Fund

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			260.14	15.26%	27.49 L
Bond - Govt of India	GOI	Other			201.94	11.84%	20.03 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	128.94	7.56%	1.20 k
Bond - Govt of India	GOI	Other			110.63	6.49%	11.18 L
Bond - Bajaj Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	109.09	6.40%	1.00 k
Bond - Govt of India	GOI	Other			106.06	6.22%	10.00 L
Bond - Govt of India	GOI	Other			100.38	5.89%	10.00 L
Bond - Govt of India	GOI	Other			99.66	5.85%	10.00 L
Bond - Govt of India	GOI	Other			92.65	5.43%	9.15 L
Bond - National Highways Authority of India	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	AAA	CRISIL	78.83	4.62%	75.00
Bond - Govt of India	GOI	Other			74.39	4.36%	7.00 L
Bond - Jamnagar Utilities & Power Pvt. Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	73.44	4.31%	700.00
Bond - Govt of India	GOI	Other			66.53	3.90%	6.50 L
Bond - Govt of India	GOI	Other			51.16	3.00%	5.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	20.62	1.21%	200.00