HSBC GIF India Fixed Income AC

The sub-fund aims to provide long term total return by investing in a portfolio of Indian bonds and other similar fixed income securities. The sub-fund invests in normal market conditions a minimum of 90% of its net assets in: Investment and Non-Investment Grade as well as unrated Indian domestic fixed income securities denominated in Indian Rupee (INR). Investment and Non-Investment Grade, as well as unrated fixed income securities denominated in other currencies (e.g.USD).Other instruments (e.g. structured notes) referencing underlying exposure to INR fixed income securities. Cash and cash instruments up to a maximum of 20% of its net assets.