Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Pvt. Ltd. The fund manages assets worth Rs 9575.19 crore as on March 2009.
HSBC Dynamic Fund (G) an open-ended equity scheme launched in August 2007. The objective of the scheme is to provide long term capital appreciation by allocating funds in equity and equity related instruments. It also has the flexibility to move, entirely if required, into debt instruments in times that the view on equity markets seems negative.. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 6.74 as on 23 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 3.69 crore to Rs 234.13 crore in March 2009.
HSBC Dynamic Fund (G) took fresh exposure to one stock in March 2009. The scheme has purchased 81082 units (5.27%) of Reliance Industries.
The scheme exited completely from Ranbaxy Laboratories by selling 2.25 lakh units (1.58%) and Housing Development Finance Corporation (HDFC) by selling 24236 units (1.33%) in March 2009.
Sector -wise, the scheme took no fresh exposure to any sector in March 2009.
Sector-wise, the scheme exited completely from Finance – Housing at 1.33% in March 2009.
The scheme had highest exposure to ITC with 9.45 lakh units (7.46% of portfolio size) followed by Bharti Airtel with 1.90 lakh units (5.09%), Hindustan Unilever with 3.58 lakh units (3.65%) and HDFC Bank with 87499 units (3.62%) among others in March 2009.
It reduced its exposure from Bharti Airtel by selling 44195 units to 1.90 lakh units (by 1.39%), Hindustan Petroleum Corporation by selling 75036 units to 2.00 lakh units (1.04%), Colgate-Palmolive (India) by selling 41695 units to 1.48 lakh units (0.84%) and Power Grid Corporation of India by selling 1.62 lakh units to 6.29 lakh units (0.75%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Refineries at 7.57% (from 3.34% in February 2009), followed by Cigarettes at 7.46% (7.23%), Telecommunications - Service Provider at 7.10% (8.32%) and Personal Care – Multinational at 6.63% (7.26%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals - Indian - Bulk Drugs & Formulation to 3.95% (by 1.97%), Telecommunications - Service Provider to 7.10% (by 1.22%), Power Generation and Supply to 4.44% (by 0.74%) and Personal Care – Multinational to 6.63% (by 0.63%) among others in March 2009.
Performance: The scheme underperformed the Sensex over all the time periods.
Over three-month period ended as on 23 April 2009, the scheme posted returns of 10.47% underperforming the Sensex that posted returns of 28.37%. Over 6 month period, the scheme's returns plunged to 5.86% underperforming the Sensex that rose 13.95%.
The returns of the scheme over one year period fell 33.55% underperforming the Sensex that plunged by 33.32%.
HSBC Dynamic Fund (G) an open-ended equity scheme launched in August 2007. The objective of the scheme is to provide long term capital appreciation by allocating funds in equity and equity related instruments. It also has the flexibility to move, entirely if required, into debt instruments in times that the view on equity markets seems negative.. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 6.74 as on 23 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 3.69 crore to Rs 234.13 crore in March 2009.
HSBC Dynamic Fund (G) took fresh exposure to one stock in March 2009. The scheme has purchased 81082 units (5.27%) of Reliance Industries.
The scheme exited completely from Ranbaxy Laboratories by selling 2.25 lakh units (1.58%) and Housing Development Finance Corporation (HDFC) by selling 24236 units (1.33%) in March 2009.
Sector -wise, the scheme took no fresh exposure to any sector in March 2009.
Sector-wise, the scheme exited completely from Finance – Housing at 1.33% in March 2009.
The scheme had highest exposure to ITC with 9.45 lakh units (7.46% of portfolio size) followed by Bharti Airtel with 1.90 lakh units (5.09%), Hindustan Unilever with 3.58 lakh units (3.65%) and HDFC Bank with 87499 units (3.62%) among others in March 2009.
It reduced its exposure from Bharti Airtel by selling 44195 units to 1.90 lakh units (by 1.39%), Hindustan Petroleum Corporation by selling 75036 units to 2.00 lakh units (1.04%), Colgate-Palmolive (India) by selling 41695 units to 1.48 lakh units (0.84%) and Power Grid Corporation of India by selling 1.62 lakh units to 6.29 lakh units (0.75%) among others in March 2009.
Sector-wise, the scheme had highest exposure to Refineries at 7.57% (from 3.34% in February 2009), followed by Cigarettes at 7.46% (7.23%), Telecommunications - Service Provider at 7.10% (8.32%) and Personal Care – Multinational at 6.63% (7.26%) among others in March 2009.
Sector wise, the scheme had reduced exposure from Pharmaceuticals - Indian - Bulk Drugs & Formulation to 3.95% (by 1.97%), Telecommunications - Service Provider to 7.10% (by 1.22%), Power Generation and Supply to 4.44% (by 0.74%) and Personal Care – Multinational to 6.63% (by 0.63%) among others in March 2009.
Performance: The scheme underperformed the Sensex over all the time periods.
Over three-month period ended as on 23 April 2009, the scheme posted returns of 10.47% underperforming the Sensex that posted returns of 28.37%. Over 6 month period, the scheme's returns plunged to 5.86% underperforming the Sensex that rose 13.95%.
The returns of the scheme over one year period fell 33.55% underperforming the Sensex that plunged by 33.32%.
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