﻿<?xml version="1.0" encoding="utf-8"?><SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>HSBC Business Cycle Fund</Fund_Name><Option_Names_Regular__Direct>HSBC Business Cycles Fund - Direct Growth,HSBC Business Cycles Fund - Direct IDCW,HSBC Business Cycles Fund - Regular Growth,HSBC Business Cycles Fund - Regular IDCW</Option_Names_Regular__Direct><Fund_Type>An open ended equity scheme following business cycles based
investing theme</Fund_Type><Riskometer_At_the_time_of_Launch>Very High</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Very High</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Open Ended-Equity - Thematic</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>-</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>To seek to generate long-term capital appreciation from a portfolio
of predominantly equity and equity related securities, including
equity derivatives, in the Indian market with focus on riding
business cycles through dynamic allocation between various
sectors and stocks at different stages of business cycles in the
economy.
The Scheme could also additionally invest in Foreign Securities.
There is no assurance that the objective of the Scheme will be
realised and the Scheme does not assure or guarantee any returns.</Description_Objective_of_the_scheme><Stated_Asset_Allocation>Equity and Equity related securities: 80%-100%
Debt securities &amp;amp; Money Market instruments (including cash &amp;amp; cash equivalents):0% to 20%
Units issued by Reits/InvITs:0% to 10% </Stated_Asset_Allocation><Face_Value>10</Face_Value><NFO_Open_Date>30 Jul 2014</NFO_Open_Date><NFO_Close_date>13 Aug 2014</NFO_Close_date><Allotment_Date>20 Aug 2014</Allotment_Date><Reopen_Date>25 Aug 2014</Reopen_Date><Maturity_Date_For_closedend_funds>NA</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>Nifty 500 TRI</Benchmark_Tier_1><Benchmark_Tier_2 /><Fund_Manager_Name>Gautam Bhupal, Sonal Gupta</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>FM 1 - Primary FM 2 - Primary -Foreign securities</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>Jun 01, 2023, Jul 05, 2021</Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 2.21, Direct 1.04</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above
the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.</Exit_Load_if_applicable><Custodian>Citibank, N.A.,11th Floor, First International Financial Centre (FIFC)  C-54 &amp;amp; C-55, G Block, Bandra Kurla Complex,Bandra (East), Mumbai 400 051</Custodian><Auditor>MSKA &amp;amp; Associates</Auditor><Registrar>Computer Age Management Services Limited</Registrar><RTA_Code_To_be_phased_out>LTBCF</RTA_Code_To_be_phased_out><Listing_Details>NA</Listing_Details><ISINs>HSBC Business Cycles Fund - Direct Plan - Growth-INF917K01RI2,HSBC Business Cycles Fund - Direct Plan - IDCW Payout-INF917K01RK8,HSBC Business Cycles Fund - Direct Plan - IDCW Reinvestment-INF917K01RJ0,HSBC Business Cycles Fund - Regular Plan - Growth-INF917K01RF8,HSBC Business Cycles Fund - Regular Plan - IDCW Payout-INF917K01RH4,HSBC Business Cycles Fund - Regular Plan - IDCW Reinvestment-INF917K01RG6</ISINs><AMFI_Codes_To_be_phased_out>HSBC Business Cycles Fund - Direct Growth - 151142,HSBC Business Cycles Fund - Direct IDCW - 151145,HSBC Business Cycles Fund - Regular Growth - 151144,HSBC Business Cycles Fund - Regular IDCW - 151143</AMFI_Codes_To_be_phased_out><SEBI_Codes>LTMF/O/E/THE/14/07/0025</SEBI_Codes><Minimum_Application_Amount>5000</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>1</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>1000</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>1</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>500</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>50</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>NA</Minimum_Balance_Amount_if_applicable><Minimum_Balance_Amount_in_Units_if_applicable>NA</Minimum_Balance_Amount_in_Units_if_applicable><Max_Investment_Amount>NA</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>5000</Minimum_Switch_Amount_if_applicable><Minimum_Switch_Units>NA</Minimum_Switch_Units><Switch_Multiple_Amount_if_applicable>NA</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>NA</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>NA</Max_Switch_Amount><Max_Switch_Units_if_applicable>NA</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>N.A</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>N.A.</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP - Daily (All Business Days from Monday to Friday), Weekly (Any Day from Monday to Friday), Monthly, Quarterly; SWP - Monthly, Quarterly, Half Year, Annual; STP - Daily (Business Days), Weekly, Fortnightly, Monthly, Quarterly</SIP_SWP__STP_Details_Frequency><SIP_SWP__STP_Details_Minimum_amount>SIP - 500 Daily 6; 500 Weekly 6; 500 Monthly 6; 1500 Quarterly 4; Minimum Aggregate Amount: Rs. 6,000/- in multiples of Re.1. SWP - 500 STP - 500;The minimum amount required under the source scheme for registering STP is Rs. 6,000.</SIP_SWP__STP_Details_Minimum_amount><SIP_SWP__STP_Details_In_multiple_of>1</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP__STP_Details_Minimum_Instalments>SIP - Daily 6; Weekly 6; Monthly 6; Quarterly 4 SWP - 12 STP - 6</SIP_SWP__STP_Details_Minimum_Instalments><SIP_SWP__STP_Details_Dates>SIP - Daily (Daily SIP will be processed from Monday to Friday. In case of a non-business day falling between Monday to Friday (both days inclusive) then the daily SIP installment for that day will not be processed on the next business day.); Weekly - Any day from Monday to Friday;  Other than daily and weekly - Any Date, SWP and STP - Any Dates</SIP_SWP__STP_Details_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>NA</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>