PIA HSBC India Equity USD Ser B

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 1.2% 23.7% 13.2% -8.8% 31.8%
Sector 0.4% 24.9% -10.0% -12.7% 9.4%
Rank 135/265 153/271 20/284 61/282 24/288
Quartile 3 3 1 1 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 10.8% 11.2% 8.8%
Sector -4.9% 1.5% 1.5%
Rank 17/282 18/264 18/189
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
RELIANCE INDUSTRIES LIMITED 8.02
HDFC BANK LIMITED 7.63
LARSEN & TOUBRO LIMITED 5.76
DLF LTD 4.36
ICICI BANK LIMITED 4.08
SUN PHARMACEUTICAL INDUSTRIES LIMITED 3.86
INFOSYS LTD 3.33
AXIS BANK LIMITED 3.10
INFOSYS LTD 3.00
OIL & NATURAL GAS CORP LTD 2.75
Total 45.88

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the HSBC Indian Equity Fund (USD) - the underlying fund.

Underlying Fund Objective: The fund aims to provide capital growth of your investment over time. The fund will normally invest at least 90% of its assets in equity securities (i.e. shares) of companies of any size that are based in or which carry out most of their business in India. The fund may use financial derivative instruments for hedging and cash flow management. The fund is denominated in US dollars.

Fund Manager

Sanjiv Duggal manager of the underlying fund for 28 years

Photo of Sanjiv Duggal Sanjiv Duggal is the Head of Asia Pacific and Indian Equities and has been working in the industry since 1991. Sanjiv joined HSBC in 1996 and was responsible for the management of Indian equities. Sanjiv moved into his current role in July 2013 and will continue to manage the flagship HSBC GIF Indian Equity Fund which he has been involved in running since he joined. Prior to joining HSBC, Sanjiv worked for the Hill Samuel Group where he spent nearly five years, initially in internal audit and latterly as an Emerging Markets fund manager. Sanjiv is a Chartered Accountant.

Nilang Mehta manager of the underlying fund for 9 years and 3 months

Photo of Nilang Mehta Nilang Mehta is an Associate Director in the Regional Equity Team and has been working in the industry since 1996. Nilang manages our Indian and ASEAN strategies. He joined HSBC Global Asset Management India in 2004 and subsequently relocated to Singapore in 2009 and to Hong Kong in 2014. Prior to joining HSBC, Nilang worked at Alliance Capital Asset Management and IDBI Principal Asset Management in India. He holds a Master’s degree in Commerce from University of Mumbai and is also a Chartered Accountant and a CFA charter holder.

Fund Overview

Bid (28/03/2024) 3.47
Offer (28/03/2024) 3.65
Fund size (29/02/2024) $1.58m
Underlying Fund size $1327.46m
Number of holdings 156
Launch date 28/10/2005

Fund Charges

Annual Management Charge (AMC) 1.70%
Further Costs 0.40%
Yearly Total 2.10%

Asset Allocation

pie chart
  International Equities 99.99%
  Cash and Equivalents -2.84%
  Other Assets 2.85%
Portfolio data accurate as at: 31/01/24

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 99.99%
  Cash and Equivalents -2.84%
  Other Assets 2.85%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 27.38% - - -
 
Banks - 21.23% - -
 
Banks - - 21.23% -
 
Banks - - - 21.23%
 
Financial Services - 3.85% - -
 
Investment Banking & Brokerage Services - - 2.15% -
 
Investment Services - - - 2.15%
 
Finance & Credit Services - - 1.71% -
 
Consumer Lending - - - 1.71%
 
Insurance - 2.30% - -
 
Life Insurance - - 1.53% -
 
Life Insurance - - - 1.53%
 
Non-life Insurance - - 0.77% -
 
Insurance Brokers - - - 0.77%
 
Industrials 13.93% - - -
 
Construction & Materials - 10.66% - -
 
Construction & Materials - - 10.66% -
 
Engineering & Contracting Services - - - 5.76%
 
Cement - - - 4.12%
 
Building: Climate Control - - - 0.78%
 
Industrial Goods & Services - 3.26% - -
 
Aerospace & Defence - - 1.25% -
 
Defense - - - 1.25%
 
General Industrials - - 1.07% -
 
Paints & Coatings - - - 1.07%
 
Industrial Support Services - - 0.94% -
 
Industrial Suppliers - - - 0.94%
 
Technology 13.80% - - -
 
Technology - 13.80% - -
 
Software & Computer Services - - 13.80% -
 
Computer Services - - - 12.21%
 
Consumer Digital Services - - - 1.59%
 
Energy 10.77% - - -
 
Energy - 10.77% - -
 
Non-Renewable Energy - - 10.77% -
 
Oil Refining and Marketing - - - 8.02%
 
Oil: Crude Producers - - - 2.75%
 
Consumer Discretionary 10.02% - - -
 
Automobiles & Parts - 5.43% - -
 
Automobiles & Parts - - 5.43% -
 
Automobiles - - - 5.43%
 
Consumer Products & Services - 3.26% - -
 
Personal Goods - - 2.35% -
 
Luxury Items - - - 2.35%
 
Leisure Goods - - 0.91% -
 
Recreational Vehicles & Boats - - - 0.91%
 
Retail - 1.33% - -
 
Retailers - - 1.33% -
 
Diversified Retailers - - - 1.33%
 
Health Care 8.84% - - -
 
Health Care - 8.84% - -
 
Pharmaceuticals & Biotechnology - - 7.40% -
 
Pharmaceuticals - - - 6.40%
 
Biotechnology - - - 1.00%
 
Health Care Providers - - 1.44% -
 
Health Care Facilities - - - 1.44%
 
Real Estate 6.01% - - -
 
Real Estate - 6.01% - -
 
Real Estate Investment & Services - - 6.01% -
 
Real Estate Holding and Development - - - 6.01%
 
Basic Materials 4.69% - - -
 
Basic Resources - 2.94% - -
 
Industrial Metals & Mining - - 2.94% -
 
Iron & Steel - - - 2.94%
 
Chemicals - 1.75% - -
 
Chemicals - - 1.75% -
 
Fertilizers - - - 1.75%
 
Consumer Staples 3.22% - - -
 
Personal Care, Drug & Grocery Stores - 2.63% - -
 
Personal Care, Drug & Grocery Stores - - 2.63% -
 
Personal Products - - - 2.63%
 
Food, Beverage & Tobacco - 0.59% - -
 
Beverages - - 0.59% -
 
Distillers & Vintners - - - 0.59%
 
Non-Classified 2.85% - - -
 
Telecommunications 1.33% - - -
 
Telecommunications - 1.33% - -
 
Telecommunications Service Providers - - 1.33% -
 
Telecommunications Services - - - 1.33%
 
Cash and Equivalents -2.84% - - -

Regional Allocation

pie chart
  Emerging Asia 98.53%
  Non-Classified 2.85%
  North America 1.46%
  Cash and Equivalents -2.84%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 96.95%
  US Dollar 1.54%
  Cash 1.52%

Regional Breakdown

Expand allCollapse all
Region Country
 
Emerging Asia 98.53% -
 
India - 98.53%
 
Non-Classified 2.85% -
 
North America 1.46% -
 
United States - 1.46%
 
Cash and Equivalents -2.84% -

Breakdown By Market Cap (%)

Mega
 
 
46.71%
Large
 
 
31.45%
Medium
 
 
10.24%
Small
 
 
2.15%
Non-Classified
 
 
12.29%
Cash
 
-2.84%

Top 10 Holdings

Stock % Weight Sector Country
1 RELIANCE INDUSTRIES LIMITED 8.02% Non-Renewable Energy India
2 HDFC BANK LIMITED 7.63% Banks India
3 LARSEN & TOUBRO LIMITED 5.76% Construction & Materials India
4 DLF LTD 4.36% Real Estate Investment & Services India
5 ICICI BANK LIMITED 4.08% Banks India
6 SUN PHARMACEUTICAL INDUSTRIES LIMITED 3.86% Pharmaceuticals & Biotechnology India
7 INFOSYS LTD 3.33% Software & Computer Services India
8 AXIS BANK LIMITED 3.10% Banks India
9 INFOSYS LTD 3.00% Software & Computer Services India
10 OIL & NATURAL GAS CORP LTD 2.75% Non-Renewable Energy India

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 13.80% - - - - - - 13.80%
Telecommunications - 1.33% - - - - - - 1.33%
Financials - 27.38% - - - - 1.82% - 29.20%
Real Estate - 6.01% - - - - - - 6.01%
Consumer Discretionary - 10.02% - - - - - - 10.02%
Consumer Staples - 3.22% - - - - - - 3.22%
Energy - 10.77% - - - - - - 10.77%
Health Care - 8.84% - - - - 1.04% - 9.88%
Industrials - 13.93% - - - - - - 13.93%
Basic Materials - 4.69% - - - - - - 4.69%
Cash and Equivalents - - - - - - - -2.84% -2.84%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B0MSSJ6
Mex Code SBHIND
Isin Code IE00B0MSSJ66
Citi Code TI99

Fund Charges

Annual Management Charge (AMC) 1.70%
Further Costs 0.40%
Yearly Total 2.10%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the HSBC Indian Equity Fund (USD) - the underlying fund. Underlying Fund Objective: The fund aims to provide capital growth of your investment over time. The fund will normally invest at least 90% of its assets in equity securities (i.e. shares) of companies of any size that are based in or which carry out most of their business in India. The fund may use financial derivative instruments for hedging and cash flow management. The fund is denominated in US dollars.
Benchmark S&P / IFCI India Gross
ABI Sector Global Emerging Markets Equities

Ratings

FE Crown Crown Rating of 3

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in the fund's currency of denomination with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is deemed authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.