Fact sheet: HSBC GIF Indian Eq

Fund information

Fund name
HSBC GIF Indian Equity AD NAV USD
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager(s)
Nilang Jitendra Mehta
since 01/12/2014
Sanjiv Duggal
since 01/04/1996
Fund objective
The sub-fund aims to provide long-term total return by investing in a portfolio of Indian equities.The sub-fund invests, in normal market conditions, a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, or carry out the larger part of their business activities in, India.When making new investments or reallocating the portfolio, the sub-fund will invest directly in equities and equity equivalent securities of companies which are domiciled in India and the sub-fund will no longer increase its holdings in the Subsidiary (as defined below). Holdings in the Subsidiary may decrease. During a transitional period, which is expected to begin in May 2016 and to be complete by the end of October 2016, the sub-fund will divest its holdings in the Subsidiary in order to reinvest these assets directly.The sub-fund normally invests across a range of market capitalisations.The sub-fund will not invest more than 30% of its net assets in a combination of participation notes and convertible securities.The sub-fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the sub-fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the sub-fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest. Mauritius Subsidiary HSBC GIF Mauritius Limited, HSBC Centre, 18 Cyber City, Ebene, Mauritius (the "Subsidiary") is a Mauritian company wholly-owned by the Company. The investment objectives of the Subsidiary are in line with those of Indian Equity (i.e. investments in equities and equity equivalent securities of companies which are domiciled in India) and the Subsidiary will apply the Company's investment restrictions as outlined in this Prospectus.The Subsidiary was incorporated in Mauritius on 3 October 1995. It is wholly-owned by the Company. It will issue ordinary Shares and redeemable preference Shares only to the Company's Indian Equity fund. The Subsidiary is registered with the Mauritius Financial Services Commission and has obtained a certificate of tax residency from the Mauritius Revenue Authority in Mauritius (Please refer to Section 2.18. "Taxation").The directors of the Subsidiary are responsible, inter alia, for establishing the investment objectives and policy of the Subsidiary, for monitoring the Subsidiary's investments and performance and for providing advisory services to the exclusive benefit of the Company, including in relation to massive redemptions in the sub-fund. The Subsidiary has appointed CIM Fund Services, Rogers House, 5 President John Kennedy Street, Port Louis, Mauritius, to provide administrative services to the Subsidiary in Mauritius, including maintenance of its accounts, books and records. The Subsidiary has appointed KPMG Mauritius of KPMG Centre, 30 St George Street, Port Louis, Mauritius, as auditors of the Subsidiary in Mauritius to perform the auditor's duties required by Mauritius law. The Subsidiary has appointed the Depositary Bank as custodian over its assets. The Company has appointed HSBC Bank (Mauritius) Limited, a bank incorporated under the laws of Mauritius and a wholly owned subsidiary of the Hong Kong and Shanghai Banking Corporation Limited, and duly licensed to do business in Mauritius, and having an office at HSBC Centre, 18 Cybercity, Ebene, Mauritius, for the remittance of all cash and currency of the Subsidiary for the purpose of inward investment into India by the Subsidiary and in respect of remittances from such investments.The Company and the Subsidiary shall issue consolidated accounts.
Benchmark
S&P / IFCI India
Investment style
None
Investment method
Shares

Quick stats

1 Year return

46.18 %

1 Year rank in sector

-

Sector

FO Equity - India

Yield
-
Fund size

£ 1.9 b

FE Risk score

161

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • India
    99.79%
  • Money Market
    0.21%
  • Financials
    33.67%
  • Consumer Discretionary
    16.46%
  • Materials
    12.96%
  • Information Technology
    9.55%
  • Industrials
    8.86%
  • Indian Equities
    99.79%
  • Money Market
    0.21%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund7.34 %16.05 %47.62 %21.38 %42.23 %
Sector2.05 %8.69 %31.63 %26.52 %68.27 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20182017201620152014
Fund6.34 %42.97 %-1.35 %-12.24 %30.81 %
Sector1.66 %32.93 %3.79 %-1.79 %34.73 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha-4.12
Beta1.15
Sharpe0.21
Volatility18.8
Tracking error5.7
Information ratio-0.52
R-Squared0.92

Price movement

52 week high220.148
52 week low149.99
Current bid price0
Current offer price0
Current mid price220.148

Holdings by region

  • 99.79% India
  • 0.21% Money Market

Holdings by sector

  • 33.67% Financials
  • 16.46% Consumer Discretionary
  • 12.96% Materials
  • 9.55% Information Technology
  • 8.86% Industrials
  • 6.21% Energy
  • 5.31% Consumer Staples
  • 2.97% Health Care
  • 2.8% Utilities
  • 0.89% Real Estate

Holdings by asset type

  • 99.79% Indian Equities
  • 0.21% Money Market

Individual holdings

  • 5.58% MARUTI SUZUKI INDIA LTD
  • 5.58% MARUTI SUZUKI INDIA LTD
  • 4.95% HDFC BANK LIMITED-FOREIGN
  • 4.72% AXIS BANK LTD
  • 3.93% HOUSING DEVELOPMENT FINANCE CORP
  • 3.93% HOUSING DEVELOPMENT FINANCE CORP
  • 3.8% ITC
  • 3.8% ITC
  • 3.65% INFOSYS LTD
  • 3.54% ICICI BANK