HSBC Low Duration 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 50 (Category Avg - 77.22) | Modified Duration 0.86 Years (Category Avg - 0.88)| Yield to Maturity 6.76% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	7.41%	6.70%
CD	18.44%	18.87%
T-Bills	2.34%	3.71%
CP	4.55%	3.38%
NCD & Bonds	52.50%	59.18%
PTC	1.43%	2.40%

Category - Low Duration Fund

Security Type	% Weight	Category Average
Government Backed	9.75%	10.41%
Low Risk	76.92%	83.83%
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 - Low Duration Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	481.32	3.79%	4.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	412.32	3.25%	4.00 k
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	412.30	3.25%	4.00 k
Bond - Govt of India	GOI	Other			370.76	2.92%	35.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	354.29	2.79%	350.00
Bond - Govt of India	GOI	Other			313.98	2.47%	30.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	311.11	2.45%	3.00 k
Bond - IIFL Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	297.04	2.34%	2.90 k
Bond - T-Bill	T-Bills	Other			297.15	2.34%	30.00 L
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	271.05	2.13%	2.50 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	268.62	2.12%	2.50 k
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	264.31	2.08%	2.50 k
Bond - Vedanta Ltd.	NCD & Bonds	Diversified metals	AA	CRISIL	263.12	2.07%	2.50 k
Bond - Kotak Mahindra Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	263.08	2.07%	2.50 k
Bond - 360 One Prime Ltd.	NCD & Bonds	Non banking financial company (nbfc)	LAA	ICRA	261.53	2.06%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	256.32	2.02%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	256.03	2.02%	2.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	255.97	2.02%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	255.33	2.01%	2.50 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	253.35	2.00%	2.50 k
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	246.65	1.94%	500.00
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	246.50	1.94%	500.00
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	246.31	1.94%	500.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	246.30	1.94%	500.00
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	245.51	1.93%	500.00
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	242.97	1.91%	500.00
Bond - Indusind Bank Ltd.	CD	Private sector bank	P1+	CRISIL	242.78	1.91%	500.00
Bond - HDFC Bank Ltd.	CD	Private sector bank	PR1+	CARE	241.53	1.90%	500.00
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	241.52	1.90%	500.00
Bond - Bharti Telecom Ltd.	CP	Telecom - equipment & accessories	P1+	CRISIL	236.49	1.86%	500.00
Bond - Indostar Capital Finance Private Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	194.93	1.54%	400.00
Bond - Liquid Gold	PTC	Ptc	AAA	CRISIL	181.68	1.43%	23.00
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	159.51	1.26%	1.50 k
Bond - LIC Housing Finance Ltd.	NCD & Bonds	Housing finance company	AAA	CRISIL	158.65	1.25%	1.50 k
Bond - Mas Financial Services Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	155.66	1.23%	1.50 k
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA	CARE	155.65	1.23%	1.50 k
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	153.91	1.21%	1.50 k
Bond - Govt of India	GOI	Other			152.85	1.20%	15.00 L
Bond - Mindspace Business Parks REIT	CP	Real estate investment trusts (reits)	P1+	CRISIL	145.79	1.15%	300.00
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	143.65	1.13%	300.00
Bond - Piramal Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA	CARE	109.21	0.86%	1.00 k
Bond - Hinduja Leyland Finance Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA+	CRISIL	105.71	0.83%	1.00 k
Bond - Indostar Capital Finance Private Ltd.	NCD & Bonds	Non banking financial company (nbfc)	CARE AA-	CARE	104.81	0.83%	1.00 k
Bond - Govt of India	GOI	Other			103.77	0.82%	10.00 L
Bond - Aditya Birla Real Estate Ltd.	NCD & Bonds	Paper & paper products	AA	CRISIL	103.47	0.81%	1.00 k
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	101.85	0.80%	1.00 k
Bond - Embassy Office Parks Reit	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	60.79	0.48%	600.00
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	54.00	0.43%	500.00
Bond - Motilal Oswal Finvest Ltd.	NCD & Bonds	Non banking financial company (nbfc)	AA	CRISIL	51.57	0.41%	500.00
Bond - IndiGrid Infrastructure Trust	NCD & Bonds	Power - transmission	LAAA	ICRA	50.54	0.40%	50.00

Name	Type of Instrument	Weight (%)
TREPS	TREPS	13.30%
Net Receivables	Net Receivables	0.14%
Net Receivables	Net Receivables	-0.11%

HSBC Low Duration Fund - Growth

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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