Visitors using this website and any of its pages (the 'Site') are required to read carefully and agree to the terms and conditions and disclaimers set out below (the 'Terms'). By accessing this Site and any of its pages, you are agreeing to the Terms set out below and continuing to use this Site following the posting of any changes to the Terms will signify your consent to the changes made.

• References to 'you', 'your' and 'yours' are references to the person(s) accessing this Site
• References to 'we', 'us' and 'our' are references to AMIN
• References to the 'HSBC Group or HSBC' are references to HSBC Holdings plc, its subsidiaries and associated companies

Use of information and materials

Products and services referred to in this Site are offered only at times when, and in jurisdictions where, they may be lawfully offered by AMIN or the relevant member of the HSBC Group. The materials on this Site are not intended for use by persons located in, or resident in jurisdictions that restrict the distribution of such materials by us. Unless otherwise specified, none of the unit trusts and mutual funds herein have been approved for sale or purchase by any authority outside India. Persons accessing this Site are required to inform themselves about and observe any relevant restrictions. By proceeding, you are representing and warranting that you are either a resident of India or the applicable laws and regulations of your jurisdiction allow you to access the information.

The information contained on this Site, whether provided by us or another information provider, is not intended to provide professional advice and should not be relied upon in that regard. Persons accessing this Site are advised to obtain appropriate professional advice when necessary.

All our products and services and those of other members of the HSBC Group are subject to the relevant terms and conditions and disclaimers governing their use.

No offer

The information and opinion contained on this Site do not constitute a distribution, an offer to buy or sell, or the solicitation of any offer to buy or sell any securities or financial instruments in any jurisdiction in which such distribution or offer is not authorised to any person. Nor does it constitute any advice or recommendation with respect to securities or any other financial instruments. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or the solicitation of any offer to buy or sell any securities or financial instruments in the United States of America (US) and Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term 'US Person' under Regulation S promulgated under the US Securities Act of 1933, as amended) and persons of Canada. In no event shall members of the HSBC Group and/or their directors, officers and employees be liable for any special direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

Access to other HSBC websites

This Site may provide you with access to other HSBC websites ('Local Site'). Each Local Site will be governed by local terms and conditions in addition to the Terms. Please read the terms and conditions of the Local Site (the 'Local Terms') carefully before using the Local Site. If you choose to enter a website outside your country of residence, you are advised that it may not be legal in that jurisdiction for you to use the facilities available on that site, the legal requirements of that jurisdiction may prohibit you from dealing in that jurisdiction and that site may contain products and services that are not authorised in India and not available to Indian residents. If you use the Site to access a jurisdiction in which you are not resident, you do so at your own risk and neither AMIN nor any other member of the HSBC Group will be liable for any breach of local law or regulation that you may commit as a result of using and accessing the Site in a country in which you are not resident. The provision of products and services pursuant to this Site and the Local Sites is subject to the Terms as well as the applicable Local Terms. Should the Terms conflict with the relevant Local Terms, the Local Terms shall prevail.

Risk of investment

Please note that the value of investments and the income derived from them may fluctuate and an investor may not receive back the amount originally invested. Past performance is not necessarily indicative of likely future performance and the value and any income arising from any investment referred to on this Site may go down as well as up. Where an investment is denominated in a currency other than your base currency exchange rates may have an adverse effect on the value price or income of that investment.

In the case of investments for which there is not a recognised market, it may be difficult for investors to sell their investment or to obtain reliable information about its value or the extent of the risks to which it is exposed. Changes in current rates of exchange or taxation may have an effect on the value price or income of investments. Current tax levels and relief may change and the value of any relief depends on individual circumstances.

Copyright and trademarks

We and other parties own the trademarks, logos and service marks displayed on this Site and users are prohibited from using the same without our written permission or that of such other parties.

The materials on this Site are protected by copyright and no part of such materials may be modified, reproduced, stored in a retrieval system, transmitted (in any form or by any means), copied, distributed, used for creating derivative works or used in any other way for commercial or public purposes without our prior written consent. In particular, no one may use a part of our Site on any other website, or link any other website to our Site, without our prior written permission.

You undertake not to use the Site for any purpose which is unlawful, abusive, libellous, obscene or threatening. You undertake to comply with any terms notified to you as required from time to time by any third party supplier of data or services to the Site, including but not limited to, where necessary, entering into a direct agreement with such third party in respect of your use of their data or services.

Material interests

Members of the HSBC Group and/or their officers, directors and employees may own or have positions in any investment mentioned therein or any investment related thereto and may from time to time add to or dispose of any such investment. Members of the HSBC Group may act as market maker, assume or have assumed an underwriting position in the securities of companies discussed or referred to on the Site (or investments related thereto) and may sell them to or buy them from customers on a principal basis and may also perform investment banking or underwriting services for or relating to those companies.

From time to time and subject to applicable laws, rules and regulations, HSBC Mutual Fund or its trustees or, HSBC Asset Management (India) Private Limited, its associates/subsidiaries and their directors, officers and employees may invest directly or indirectly in the Scheme(s) of HSBC Mutual Fund or in companies in which such Scheme(s) invest.

No warranties

While every care has been taken in preparing the information and materials contained in this Site, such information and materials are provided to you "AS IS" without warranty of any kind, whether expressed or implied. In particular, no warranty regarding non-infringement, security, accuracy, fitness for a particular purpose or freedom from computer virus is given in conjunction with such information and materials. We shall not be liable for any loss or damage whatsoever and howsoever arising as a result of your use of or reliance on the information contained in this Site.

We do not represent or warrant that the Site will be available or that it will meet your requirements, that access will be uninterrupted, that there will be no delays, failures, errors or omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. You have sole responsibility for adequate protection and back up of data and/or equipment and for undertaking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

We make no representations or warranties regarding the accuracy, functionality or performance of any third party software that may be used in connection with the Site.

Changes to the terms and information

The information, material and content provided in the pages of the Site may be changed at any time by us. Changes to these Terms will be posted on the Site. It is your responsibility to be familiar with the terms and conditions of the Site. Your continued access to or use of the Site will mean that you agree to any such changes.

Linked websites

Where we provide hypertext links to other locations on the internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this Site. We have not verified the content of any such websites. Such websites may contain products and services that are not authorised in India and not available to Indian residents. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or any other way in connection with linking.

Links to downloadable software sites are for convenience only and we are not responsible or liable for any difficulties or consequences associated with downloading the software. Use of any downloaded software is governed by the terms of the licence agreement, if any, which accompanies or is provided with the software. No endorsement or approval of any third parties or their advice, opinions, information, products or services is expressed or implied by any information on our Site.

Internet e-mail

Messages sent over the internet cannot be guaranteed to be completely secure as they are subject to possible interception or loss or possible alteration. We are not responsible for them and will not be liable to you or anyone else for any damages or otherwise in connection with any messages sent by you to the HSBC Group or any messages sent by the HSBC Group to you over the internet.

Communications over the internet may be subject to interruption, transmission blackout, delayed transmission due to internet traffic or incorrect data transmission due to the public nature of the internet or otherwise.

General

We may assign our rights and obligations under these Terms to any other member of the HSBC Group or to any successor to that part of our business which includes the Site, provided always that the assignee undertakes to comply with our obligations under the Terms, or appoint one or more agents to provide all or any of the service and references to "we", "us" or "our" will include references to such assignees and agents.

No delay or failure by us to exercise any of our powers, rights or remedies under the Terms of this Site shall operate as a waiver of them, nor shall any single or partial exercise of any such powers, rights or remedies preclude any other or further exercise of them. Any waiver to be effective must be in writing. The remedies provided in the Terms of this Site are cumulative and not exclusive of any remedies provided by law.

If you are dissatisfied with any portion of this Site, or with any of these Terms of use, your sole and exclusive remedy is to discontinue using this Site.

We reserve the right in our sole discretion to deny any user access to this Site, any interactive service herein, or any portion of this Site without notice, and the right to change the terms, conditions and notices under which this Site is offered.

Fictitious names of companies, products, people, characters and/or data mentioned herein are not intended to represent any real individual, company, product or event. Any rights not expressly granted herein are reserved.

Governing law

These Terms are governed by and interpreted in accordance with the laws of India. The terms are governed by and interpreted in accordance with the Indian laws and the courts of Indian jurisdiction will have exclusive jurisdiction in respect of any dispute, which may arise out of or relating to the use of this Site. Use of this Site is unauthorised in any jurisdiction that does not give effect to all of these terms and conditions, including without limitation this paragraph.

The performance of this agreement by us is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of our right to comply with governmental, court and law enforcement requests or requirements relating to your use of this Site or information provided to or gathered with respect to such use.

This agreement constitutes the entire agreement between you and us with respect to this Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written with respect to this Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

HSBC Asset Management Limited Conflicts of Interest Policy Summary

HSBC Asset Management Limited is a global organisation which provides a wide range of financial products and services. As such, it, or a company with whom it has an association, may from time-to-time have interests which conflict with its clients’ interests or with the duties that it owes to its clients. These include conflicts arising between the interests of HSBC Asset Management, its associates & employees, the interests of its clients, and also conflicts between clients themselves.

We have established procedures that are designed to identify, prevent and or manage such conflicts. These include organisational and administrative arrangements to safeguard the interests of our clients.

Potential Conflicts of Interest

Detailed below are some of the frequent conflicts that we aim to identify and resolve through applying our Conflicts of Interest Policy.

Conflicts can arise between:

1. One client versus another; by virtue of the fact HSBC Asset Management is responsible for managing multiple clients’ assets across different investment strategies
2. HSBC Asset Management versus a client; where HSBC Asset Management is incentivised to favour itself in its decisions rather than the client
3. An employee versus client; in respect to personal conflicts of interest
4. An employee versus HSBC Asset Management eg. if the employee has an interest in the outcome of services provided to a client or may make a financial gain/loss
5. One part of HSBC Group versus HSBC Asset Management; due to the breadth of activities across the group

How HSBC Asset Management deals with conflicts

HSBC Asset Management’s organisational structure is designed so that behaviour which could lead to conflicts is not incentivised or rewarded. Where necessary, we will restrict the flow of information to certain employees in order to protect our clients’ interests.

HSBC Asset Management has procedures in place to:

• Identify all types of potential conflicts that could reasonably arise in the context of its activities;
• Maintain registers of all potential conflicts identified;
• Prevent or manage conflicts on an ongoing basis;
• Disclose conflicts where appropriate; and
• Maintain evidence of all occurrences of conflicts that cannot be managed.

How we identify conflicts

At HSBC Asset Management we consider the types of potential conflict relevant to the specific services and activities carried out.

For example, potential conflicts are considered when:

• Developing a new product;
• Establishing or amending any cross-referral, revenue sharing or joint venture arrangements;
• Transferring businesses, activities or operations (or parts thereof) to another part of the HSBC Group.

When potential conflicts involve clients, we also assess whether the Group and/or any employee:

• Is likely to make a financial gain or avoid a financial loss at the expense of any client;
• Has an interest in the outcome of a service provided to a client, or of a transaction carried out on behalf of the client, which is distinct from the client’s interest in that outcome;
• Has a financial, or other incentive to favour the interest of one client (or group of clients) over another; and/or
• Receives or will receive an inducement in relation to a service provided to the client from a person other than the client.

At HSBC Asset Management, we are careful to maintain internal registers, documenting and evaluating all identified potential conflicts. These registers also record the mitigating controls in place to manage each type of conflict.

Preventing or managing conflicts

The remuneration, deployment and management of employees at HSBC Asset Management has been structured in a way that minimises conflicts.

Our conflict clearing procedures ensure that conflicts are escalated and managed before commitment to a transaction is made.

In some cases, we will consider declining to act for one or more clients. For example, if:

• A conflict is too great;
• Confidentiality obligations prevent adequate disclosure (see disclosure, below); and/or
• Informed consent cannot be obtained, or is an insufficient control to manage a conflict.

A dedicated Conflicts Management Office, reporting to the Regulatory Compliance department, is the point of escalation for significant conflicts, and resolution of cross-business conflicts brought to its attention. Written reports on the services and activities reflected in the Registers of Conflicts are presented to senior management of the Group at least annually.

Disclosure

Where HSBC Asset Management has used all reasonable efforts to manage a conflict, but the risk of damage to a client or third party’s interest remains, a specific disclosure to the third party about the presence of a conflict will be made.

Disclosures will be made prior to the conclusion of a contract, in a durable medium, and include sufficient detail, taking into account the nature of the client, to enable that client to take an informed decision.

Mis-selling Disclaimer

Investors are requested to note that as per SEBI (Mutual Funds) Regulations, 1996 and guidelines issued thereunder, HSBC AMC, its employees and/or empaneled distributors/agents are forbidden from guaranteeing/promising/assuring/predicting any returns or future performances of the schemes of HSBC Mutual Fund. Hence please do not rely upon any such statements/commitments. If you come across any such practices, please register a complaint via email at investor.line@mutualfunds.hsbc.co.in

 

Employees

HSBC Asset Management requires its employees to apply good judgement and act with integrity, taking all appropriate steps to:

1. Avoid personal conflicts (for example, in their personal account dealings); and
2. Proactively escalate personal conflicts that do arise.

No employee is permitted to advise a client on any matter in which they have a personal interest, nor take commercial decisions on behalf of the Group if those decisions are connected to their personal or external business affairs until steps have been taken to satisfactorily manage the conflict.

This document is intended only for those who access it from within India and is approved for distribution in Indian jurisdiction only. Distribution of this document to anyone (including investors, prospective investors or distributors) who are located outside India or foreign nationals residing in India, is strictly prohibited. Neither this document nor the units of HSBC Mutual Fund have been registered under Securities law/Regulations in any foreign jurisdiction. The distribution of this document in certain jurisdictions may be unlawful or restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions. If any person chooses to access this document from a jurisdiction other than India, then such person do so at his/her own risk and HSBC and its group companies will not be liable for any breach of local law or regulation that such person commits as a result of doing so.

IMPORTANT: By accessing this website and any of its pages you are agreeing to the terms set out above.

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