fact sheet april 2014

5/24/2018 Fact Sheet April 2014

1/19

Dear Friends,

Elections are on the anvil. Te ve phase polls have beenannounced. Te markets appear to have warmed up to

positive expectation o a stable dispensation in the Centre,hopes o pro active governance and return to the days obuoyant economic growth. Ground level economic dataappears brighter today. Indian economy has withstood theeffects o FED tapering. Te currency is stable and stronger,the Current Account Decit is lower and ination ratemore benign. Positive sentiments appear to be building uparound the Indian economy, which is today considered moreavourably placed than other emerging market economies.FII inows have been on the rise. In the backdrop o all the

positive actors and expectations, the market is on an uptrend.As they say the market knows best.

We in IDBI Mutual Fund eel that there are not manyobservable reasons, in the short run, to alter the positivesentiments and the uptrend in the market is likely to continue,albeit corrections, till atleast the new government is ormed.Composition o the governance dispensation and actualimplementation at the ground level will, however, determinethe course o the market post elections. It is necessary to usediscretion and be selective in picking stocks and Mutual Fundschemes. We believe that it is not yet the time or momentumstocks, and investment should be made only in a portolio o

quality stocks. IDBI Mutual Fund has always been guided byquality, while picking stocks and creating portolio under anyo its schemes.

We look anew at our schemes in this new nancial year, tomake them more investor riendly and attuned to marketreality. Effective April 1, 2014, IDBI Nify Index Fund andIDBI Nify Junior Index Fund will be levying exit load orexits made within 30 days, rom the date o allotment, asagainst one year, at present. Tis would enable our investorsto also consider investment in our Index Funds, to takeadvantage o short term market movement.

IDBI ax Saving Fund, launched in September 2013, has beenvery well received by investors and we humbly acknowledgethe same. Apart rom the obvious benet o tax savings, thescheme provides long term advantages o an Equity Fund, withthe exibility o choosing the time o exit afer the statutorylock-in period based on market perception/ expectations, andnot be compelled to exit on a pre determined date, as in a

generic close ended und. Te scheme has been renamed asIDBI Equity Advantage Fund, to highlight the advantagesthat one enjoys by investing in the scheme.

IDBI Mutual Fund has allotted units on March 28, 2014under the IDBI Diversied Equity Fund NFO. Te scheme

will invest in a diversied basket o Equities across sectors,industries and market caps. Tis is an endeavor to bring inadditional products in the market to meet investor aspirationsand risk prole.

We seek the privilege o your support and cooperation in thepositive and exciting days ahead and look orward to mutuallysustainable growth.

Warm regards,

Debasish MallickM.D. & Chief Executive offi cer


2/19

2

Equity Market Overview

Te Nify rose 6.8% outperorming the developed markets by a wide margin and settled at 6695.9 points. Markets headed or newhighs on the hopes o avorable election results combined with robust FII ows and better than expected IIP & ination. Howeveruntimely rainall and early warnings o El Nio ensured that sentiment remained subdued.

Factory output data in Jan came in at 0.1% against street expectations o -0.9%. On a month on month basis, it showed a strong growtho ~14% afer a contraction o 2.8% in December. Although the number surprised positively, current trends in IIP is ar rom optimal.Sector-wise, mining grew 0.7% while manuacturing contracted by 0.7%. On the use-based side, consumer durables contracted by8.3% in January. Te investment cycle remained weak with the capital goods contracting by 4.2%. Te HSBC India ManuacturingPurchasing Managers Index (PMI), a measure o actory production, stood at 52.5 in February, up rom 51.4 in the previous month,signaling an improvement in business conditions across the countrys manuacturing sector.

Indias CPI ination moderated rom 8.79% in Jan to 8.1% in Feb, aster than anticipated. Te sofening was largely due to correctionin vegetable prices (in conjunction with winter crop arrival) which helped cool off the February ood ination to 8.6% rom 9.9% in

January. Feb WPI too surprised pleasantly, coming in at sub 5%.

On the external ront, although lower gold imports and lower non oil non gold imports led to improvement in trade decit number,

exports contracted by 3.7% in February which is a cause o worry. Te trade decit improved to US$8.1 bn rom US$9.9 bn in January.

FIIs remained net buyers or the month and provided signicant support to the markets. FIIs bought stocks worth $3296.8 mln duringMar 14 compared to $228.94 mln in the month o February.

On the sectoral indices, a sector switch away rom erstwhile outperorming deensives like I and Pharma in avour o Inra, Industrialsand Financials led to underperormance in I & Pharma. BSE Realty gained the most (up 22%), ollowed by BSE Bank (up 18.6%)and BSE Metal (up 16.1%)

Global markets ended on a weak note in March, on the back o increasing geopolitical tensions, likely increase in US interest rates(rom mid-2015) and signs o slowdown in China. Federal Chairperson Janet Yellen decided to cut the monthly asset bond purchase

program by another $10bn to $55bn per month. While this was expected, what ruffl ed the markets was that the Fed hinted at raisingrates by mid 2015.

Source: Bloomberg

6276.95

6297.95

6511.9 6516.65

6589.75 6695.9

6000

6100

6200

6300

6400

6500

6600

6700

6800

28-Feb 4-Mar 11-Mar 18-Mar 25-Mar 28-Mar

CNX Niy

Source: Bloomberg

6.8%

6.0%

-3.0%

-0.1%

-1.1%

0.83%

-2.53%

-4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0%

NIFTY

Sensex

Hang Seng

Nikkei

Shanghai

Dow Jones

Nasdaq

Global Indices

Source: Bloomberg

22.0%16.1%

18.6%-10.2%

5.4%-7.0%

12.8%12.6%

15.8%7.5%

-6.8%9.7%

-15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

BSE Realty

BSE Metal

BSE Bank

BSE IT

BSE Auto

BSE Healthcare

BSE Power

BSE Oil & Gas

BSE Cap Goods

BSE FMCG

BSE Communication Technology

BSE Consumer Durables

Major Indices Change (%)


3/19

3

Fixed Income Overview

Te bond market has no respite rom the Ides o March. In this month, usually, yields rise amidst tightening liquidity and protbooking by banks, primary dealers and mutual unds. Tis March is unique in the act that the parliament elections were announced inthe rst week and no new policy initiative was announced by the govt.

Te major events in the month o March 2014 were the release o the ination numbers (both CPI and WPI) or the month o February2014. Te WPI ination numbers came in at 4.68% against an expectation o 4.99% and as compared to the previous months gureo 5.05%. Te CPI ination came at 8.10% as compared to the previous month o 8.87%. Te steep all in both the numbers was dueto the steep all in ood and vegetable prices.

Liquidity was comortable in the system with the average overnight rates hovering between 8% and 8.25% during the month. Butmoney market yields moved up due to the massive issuance o Cds by the banks. Te 2 month Cd yield moved up to 10.10% beorealling to 9.2% by the end o the month. Commercial paper yields were similarly placed at a spread o over 40-50 bps over Cds osimilar maturity. Te requent pumping o liquidity by the central bank at timely intervals through term repo auctions ensured yieldsdid shoot the roo.

Gsec yields hovered between 8.70% at the lower end and 8.84% at the higher end. Te Finance Ministry announced the borrowing

calendar or the nancial year 2014-15. Te rst hal o the nancial year would see the govt borrowing 61% o the budgeted gurewith an average borrowing o Rs. 17000 crs per week. Te continuing issuance would put a pressure on yields going orward.

In the month o April we should see the yield curve steepening with the short term yields coming down and long term yields movingup due to demand or short term paper rom mutual unds and supply at the long end moving up gsec yields.

Rupee Movement during the past 3 months (Source: Reuters).

Benchmark 10 year Gsec yield movement (Source: Reuters).

Te content o the articles in pages 2 & 3 represent the opinions o our research team. Nothing contained herein is intended as investment advice or recommendations or specic investment

decisions, and you should not rely o n it as such. Inormation and analysis above are derived rom various sources and using methods believed to be reliable, but we d o not assume responsibility andliability or any consequence o the investment decision taken by you based on this analysis. Investment decision taken by readers to this article will be at their sole discretion. Te purpose o thisarticle is intended to be used as an educational discussion o the issues involved. Tis is not to be construed as a solicitation to buy or sell securities


4/19

4

Security Name % To NetAssets*

EUITY / EUITY RELATED 99.43IC Ltd. 8.60Inosys Ltd. 7.02Reliance Industries Ltd. 6.77ICICI Bank Ltd. 6.38HDFC Bank Ltd. 6.13HDFC Ltd. 6.10ata Consultancy Services Ltd. 4.83Larsen & oubro Ltd. 4.59ata Motors Ltd. 3.18State Bank o India Ltd. 2.62Oil & Natural Gas Corpn Ltd. 2.50Mahindra & Mahindra Ltd. 2.02Axis Bank Ltd. 2.01Sun Pharmaceuticals Industries Ltd. 1.92Hindustan Unilever Ltd. 1.90Bharti Airtel Ltd. 1.68HCL echnologies Ltd. 1.64

Wipro Ltd. 1.56Dr. Reddys Laboratories Ltd. 1.44Kotak Mahindra Bank Ltd. 1.31Bajaj Auto Ltd. 1.25Hero Motocorp Ltd. 1.21ata Steel Ltd. 1.18Maruti Suzuki India Ltd. 1.14ech Mahindra Ltd. 1.14NPC Ltd. 1.11Asian Paints Ltd. 1.10


Power Grid Corporation o India Ltd. 1.03Sesa Goa Ltd. 1.02Lupin Ltd. 0.99Ultraech Cement Ltd. 0.97IndusInd Bank Ltd. 0.94United Spirits Ltd. 0.91Cairn India Ltd. 0.88

CIPLA Ltd. 0.87Coal India Ltd. 0.82Grasim Industries Ltd. 0.82Hindalco Industries Ltd. 0.81Gas Authority o India Ltd. 0.76Bharat Heavy Electricals Ltd. 0.69ata Power Co. Ltd. 0.69Ambuja Cements Ltd. 0.68Inrastucture Development Finance Co.Ltd.

0.67

Bank o Baroda Ltd. 0.60ACC Ltd. 0.57Bharat Petroleum Ltd. 0.53NMDC Ltd. 0.50Punjab National Bank Ltd. 0.50

Jindal Steel & Power Ltd. 0.49DLF Ltd. 0.35CBLO 0.53Cash & Cash Receivables 0.04Total 100.00

IDBI Nify Index Fund (INIF)(An open-ended passively managed equity scheme tracking the CNX Nify Index [Total Returns Index])

Dividend History ( Face Value: `10/- Per Unit)

Payout DateDividend

(in `)Cum Dividend

NAV* (in `)Ex DividendNAV (in `)

IDBI Nify Index Fund - Dividend15th October 2010 0.4000 11.5740 10.9628

1st September 2010 0.1200 10.2883 10.2886Past perormance may or may not be sustained in the uture.Afer the payment o dividend, the per unit NAV alls to the extent o the dividend

payout and distribution taxes, i any. * NAV o the previous business day.

Scheme Features

Investment objective:Te investment objective o the scheme is to invest only in and all the stockscomprising the CNX Nify Index in the same weights o these stocks as in theIndex with the objective to replicate the perormance o the otal Returns Indexo CNX Nify index. Te scheme may also invest in derivatives instrumentssuch as Futures and Options linked to stocks comprising the Index or linked tothe CNX Nify index. Te scheme will adopt a passive investment strategy and

will seek to achieve the investment objective by minimizing the tracking errorbetween the CNX Nify index (otal Returns Index) and the Scheme.

Inception Date:25th June, 2010

NAV as on 31st March2014 (in`):

Regular Direct

Growth 12.6573 12.7047

Dividend 12.0717 12.1139

Asset Allocation Pattern:

InstrumentIndicative allocation

(% o total assets)Risk

ProleMin. Max.

Stocks in the CNX Nify Index andderivative instruments linked to theCNX Nify Index

95% 100%Medium toHigh

Cash and Money Market Instrumentsincluding money at call but excludingSubscription and Redemption Cash Flow

0% 5%Low toMedium

Please reer to SID or more details.

Portolio as on 31/03/2014

* Rounded off to the nearest two digits afer the decimal point.

Industry Classication

Tis product is suitable or investors who are seeking*: Long erm growth in a passively managed scheme tracking CNX Nify Index(RI) Investments only in and all stocks comprising CNX Nify Index in the same weight o these stocks as in Index with objective to replicate perormance o CNX Nify Index

(RI)

High risk (BROWN)

*Investors should consult their nancial advisors i in doubt about whether the product is suitable or them.

Note- Risk may be represented as:

(BLUE)Investors understand that their principal will be atlow risk

(YELLOW)Investors understand that their principal will be atmedium risk

(BROWN)Investors understand that their principal will be athigh risk

Disclaimer o IISL : Te IDBI Nify Index Fund offered by IDBI Mutual Fundor its affi liates is not sponsored, endorsed, sold or promoted by India IndexServices & Products Limited (IISL) and its affi liates. IISL and its affi liatesdo not make any representation or warranty, express or implied (including

warranties o merchantability or tness or particular purpose or use) anddisclaims all liability to the owners o IDBI Nify Index Fund or any membero the public regarding the advisability o investing in securities generally or inthe IDBI Nify Index Fund linked to CNX Nify Index or particularly in the

ability o the CNX Nify Index to track general stock market perormance inIndia. Please read the ull Disclaimers in relation to the CNX Nify Index inthe Scheme Inormation Document. 20.50%

16.20%

12.50%

8.81%

7.30%

6.77%

5.22%

4.94%

3.39%

3.03%

2.82%

2.34%

1.68%

1.67%

0.81%

0.76%

0.69%

Banks

Sofware

Consumer Non Durables

Automobiles

Petroleum Products

Finance

Pharmaceuticals

Construction Project

Oil

Cement

Power

Minerals/Mining

elecom - Services

Ferrous Metals

Non - Ferrous Metals

Gas

Industrial Capital Goods

Average Assets under Management (AAUM) for the quarter ended March 2014: ` 70.90 Crs.


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5


EUITY / EUITY RELATED 93.61Zee Entertainment Enterprises Ltd. 3.82Shriram ransport Finance Co. Ltd. 3.35

JSW Steel Ltd. 3.08Yes Bank Ltd. 2.86itan Industries Ltd. 2.83Idea Cellular Ltd. 2.81Godrej Consumer Products Ltd. 2.76Glaxosmithkline Pharmaceuticals Ltd. 2.75Adani Enterprises Ltd. 2.58Bosch Ltd. 2.51Adani Ports and Special Economic Zone Ltd. 2.49Dabur India Ltd. 2.49Colgate Palmolive (India) Ltd. 2.31Divis Laboratories Ltd. 2.22Reliance Communications Ltd. 2.20Te Federal Bank Ltd. 2.05Cummins India Ltd. 2.04Glenmark Pharmaceuticals Ltd. 2.02Apollo Hospitals Enterprises Ltd. 1.89Rural Electrication Corporation Ltd. 1.88Bharti Inratel Ltd. 1.80LIC Housing Finance Ltd. 1.79

ING Vysya Bank Ltd. 1.76Siemens Ltd. 1.75Mahindra & Mahindra Financial Services Ltd. 1.75Container Corporation o India Ltd. 1.75Power Finance Corporation Ltd. 1.67


Oil India Ltd. 1.67Oracle Financial Ser vices Sofware Ltd. 1.66Bajaj Holdings & Investment Ltd. 1.60Crompton Greaves Ltd. 1.56ata Global Beverages Ltd. 1.55Aditya Birla Nuvo Ltd. 1.55Steel Authority o India Ltd. 1.51United Phosphorus Ltd. 1.49Ranbaxy Labaratories Ltd. 1.47Bharat Forge Ltd. 1.46Exide Industries Ltd 1.40United Breweries Ltd. 1.39ata Chemicals Ltd. 1.33Hindusta n Petroleum Corporation Ltd. 1.29Reliance Power Ltd. 1.26Bank o India Ltd. 1.25GlaxoSmithkline Consumer Healthcare Ltd. 1.20Bajaj Finserv Ltd. 1.12Petronet LNG Ltd. 1.08Reliance Capital Ltd. 0.99Canara Bank Ltd. 0.96Union Bank o India Ltd. 0.88MphasiS Ltd. 0.74

PREFERENCE SHARE 0.22Zee Entertainment Enterprises Ltd. 0.22CBLO 4.69Cash & Cash Receivables 1.49Total 100.00

IDBI Nify Junior Index Fund (INJIF)(An open-ended passively managed equity scheme tracking the CNX Nify Junior Index (Total Returns Index)

Scheme Features

Investment objective:Te investment objective o the scheme is to invest only in and all the stockscomprising the CNX Nify Junior Index in the same weights o these stocksas in the Index with the objective to replicate the perormance o the otalReturns Index o CNX Nify Junior Index. Te scheme may also investin derivatives instruments such as Futures and Options linked to stockscomprising the Index or linked to the CNX Nify Junior Index as and whenthe derivative products on the same are made available. Te scheme will adopta passive investment strategy and will seek to achieve the investment objectiveby minimizing the tracking error between the CNX Nify Junior Index (otal

Returns Index) and the Scheme.Inception Date:20th September, 2010


Regular Direct

Growth 10.4930 10.5570

Dividend 10.4930 10.5570



(% o total assets) RiskProle

Min. Max.Stocks in the CNX Nify Junior Indexand derivative instruments linked to the

CNX Nify Junior Index as and when thederivative products are made available onthe same

95% 100% Medium toHigh

Cash and Money Market Instrumentsincluding money at call but excludingSubscription and Redemption Cash Flow

0% 5%Low toMedium




Disclaimer o IISL: Te IDBI Nify Junior Index Fund offered by IDBI MutualFund or its affi liates is not sponsored, endorsed, sold or promoted by India IndexServices & Products Limited (IISL) and its affi liates. IISL and its affi liates do notmake any representation or warranty, express or implied (including warrantieso merchantability or tness or particular purpose or use) and disclaims allliability to the owners o IDBI Nify Junior Index Fund or any member o the

public regarding the advisability o investing in securities generally or in theIDBI Nify Junior Index Fund linked to CNX Nify Junior Index or particularlyin the ability o the CNX Nify Junior Index to track general stock market

perormance in India. Please read the ul l Disclaimers in relation to the CNXNify Junior Index in the Scheme Inormation Document.


Tis product is suitable or investors who are seeking*: Long erm growth in a passively managed scheme tracking CNX Nify Junior Index(RI) Investments only in and all stocks comprising CNX Nify Junior Index in the same weight o these stocks as in Index with objective to replicate perormance o CNX Nify

Junior Index(RI)

High risk (BROWN)







14.15%

11.70%

9.77%

8.46%

6.80%

4.59%

4.24%

4.04%

3.92%

3.50%

3.31%

2.83%

2.58%

2.40%

1.89%

1.67%

1.55%

1.49%

1.33%

1.29%

1.26%

1.08%

Finance


Banks

Pharmaceuticals

elecom - Services

Ferrous Metals

ransportation

Media & Entertainment

Auto Ancillaries

Industrial Products


Consumer Durables

rading

Sofware

Health Care

Oil

Services

Pesticides

Chemicals - Others

Petroleum Products

Power

Gas



6/19

6


EUITY / EUITY RELATED 94.94ata Consultancy Services Ltd. 5.09Maruti Suzuki India Ltd. 4.71Larsen & oubro Ltd. 4.47HDFC Ltd. 4.34Dr. Reddys Laboratories Ltd. 4.32Mahindra & Mahindra Ltd. 4.13ICICI Bank Ltd. 4.02Lupin Ltd. 3.93Reliance Industries Ltd. 3.92ata Motors Ltd. 3.86HCL echnologies Ltd. 3.52Grasim Industries Ltd. 3.24Bharat Forge Ltd. 3.14Bosch Ltd. 3.06Cummins India Ltd. 2.93Bajaj Auto Ltd. 2.93Divis Laboratories Ltd. 2.88HDFC Bank Ltd. 2.63Sesa Goa Ltd. 2.46Colgate Palmolive (India) Ltd. 2.31


Aditya Birla Nuvo Ltd. 2.30Punjab National Bank Ltd. 2.09IC Ltd. 1.98Asian Paints Ltd. 1.92ata Global Beverages Ltd. 1.90GlaxoSmithkline Consumer Healthcare Ltd. 1.81Oracle Financial Ser vices Sofware Ltd. 1.73Kotak Mahindra Bank Ltd. 1.65IndusInd Bank Ltd. 1.41

Hero Motocorp Ltd. 1.28Dabur India Ltd. 1.26Mahindra & Mahindra Financial Services Ltd. 1.13Zee Entertainment Enterprises Ltd. 0.80Idea Cellular Ltd. 0.77Hindustan Unilever Ltd. 0.68Siemens Ltd. 0.33PREFERENCE SHARE 0.04Zee Entertainment Enterprises Ltd. 0.04CBLO 5.04Cash & Cash Receivables -0.03Toal 100.00

IndustryClassication

Disclaimer o IISL : Te IDBI India op 100 Equity Fund offered by IDBI Mutual Fund or its affi liates is notsponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affi liates.IISL and its affi liates do not make any representation or warranty, express or implied ( including warranties omerchantability or tness or particular purpose or use) and disclaims all liability to the owners o I DBI India op100 Equity Fund or any member o the public regarding the advisability o investing in securities generally or in the

IDBI India op 100 Equity Fund linked to CNX 100 Index or particularly in the ability o the CNX 100 Indexto track general stock market perormance in India. Please read the ull Disclaimers in relation to the CNX 100Index in the S cheme Inormation Document.

IDBI India op 100 Equity Fund (II100EF)(An open-ended growth scheme)

Scheme Features

Investment objective:o provide investors with opportunities or long-term growth in capitalthrough active management o a diversied basket o equity stocks, debt andmoney market instruments. Te investment universe o the scheme will berestricted to equity stocks and equity related instruments o companies thatare constituents o the CNX Nify Index (Nify 50) and the CNX Nify

Junior Index comprising a total o 100 stocks. Tese two indices are collectivelyreerred to as the CNX 100 Index. Te equity portolio will be well-diversiedand actively managed to realize the scheme objective.

Inception Date:15th May, 2012


Regular Direct

Growth 13.5800 13.6700

Dividend 13.5800 13.6700


InstrumentIndicative Allocation Risk

ProleMinimum Maximum

Equities and equity related instrumentso constituents o the CNX 100 Index^ 70% 100% High

Debt and Money market instruments 0% 30% Low toMedium^ Te Scheme will invest in the equity and equity related instruments o only suchcompanies which are the constituents o either the CNX Nify Index (Nify 50)and the CNX Nify Junior Indices (Nify Junior) comprising a combined universeo 100 stocks. Tese two indices are collectively reerred to as the CNX 100 Index.



Tis product is suitable or investors who are seeking*: Long term capital growth Investments in equity stocks and equity related instruments o companies that are constituents o CNX 100 Index High risk (BROWN)








16.91%

11.87%

11.80%

11.13%

10.34%

6.07%

5.48%

4.47%

3.92%

3.24%

3.06%

2.46%

2.30%

0.84%

0.77%

0.33%

Automobiles


Banks

Pharmaceuticals

Sofware

Industrial Products

Finance


Petroleum Products

Cement

Auto Ancillaries

Minerals/Mining

Services


elecom - Services



7/19

7


EUITY / EUITY RELATED 96.54

Eicher Motors Ltd. 4.62Cummins India Ltd. 4.51VS Motor Company Ltd. 4.49MRF Ltd. 4.48Page Industries Ltd. 4.44Bosch Ltd. 4.21

Blue Dart Express Ltd. 4.17Gruh Finance Ltd. 4.08Bata India Ltd. 4.04

Wabco India Ltd. 3.92Sundaram Finance Ltd. 3.92Cholamandalam Investment and FinanceCo. Ltd.

3.90

ING Vysya Bank Ltd. 3.84Pidilite Industries Ltd. 3.82


Asian Paints Ltd. 3.76

CRISIL Ltd. 3.75

Kotak Mahindra Bank Ltd. 3.62

Colgate Palmolive (India) Ltd. 3.60

VS Industries Ltd. 3.44

Castrol India Ltd. 3.37

Dr. Reddys Laboratories Ltd. 3.35CMC Ltd. 3.34

Agro ech Foods Ltd. 3.33

Nestle India Ltd. 3.28

GlaxoSmithkline Consumer HealthcareLtd.

3.25

CBLO 1.57

Cash & Cash Receivables 1.89

Total 100.00

IDBI Equity Advantage Fund#(IEAF)(An open-ended Equity Linked Savings Scheme ( ELSS)

Scheme Features

Investment objective:Te Scheme will seek to invest predominantly in a diversied portolio oequity and equity related instruments with the objective to provide investors

with opportunities or capital appreciation and income along with the beneto income-tax deduction (under section 80C o the Income-tax Act, 1961) ontheir investments. Investments in this scheme would be subject to a statutorylock-in o 3 years rom the date o allotment to be eligible or income-taxbenets under Section 80C. Tere can be no assurance that the investmentobjective under the scheme will be realized.

Inception Date:10th September, 2013


Regular Direct

Growth 12.1400 12.1900

Dividend 12.1400 12.1900



(% o total assets) RiskProle

Min. Max.

Equity and equity related instruments 80% 100%Medium toHigh

Debt & Money Market instruments 0% 20% Low toMedium




Tis product is suitable or investors who are seeking*: Long term capital growth An Equity Linked Savings Scheme (ELSS) investing in equity and equity related instruments with the objective to provide investors with opportunities or capital

appreciation and income along with the benet o income-tax deduction (under section 80C o the Income-tax Act, 1961) on their investments, subject to a statutorylock-in o three years.

High risk (BROWN)


Note- Risk may be represented as:(BLUE)Investors understand that their principal will be atlow risk




20.66%

15.66%

12.62%

9.10%

7.46%

4.51%

4.44%

4.17%

4.04%

3.82%

3.37%

3.35%

3.34%


Finance

Auto Ancillaries

Auto

Banks

Industrial Products

extile Product

ransportation

Consumer Durables

Chemicals

Petroleum Products

Pharmaceuticals

Sofware


#IDBI ax Saving Fund (ISF) has been renamed as IDBI Equity AdvantageFund (IEAF) with effect rom 1st April, 2014.


8/19

8

IDBI Monthly Income Plan (IMIP)(An open ended Income Scheme. Monthly Income is not assured and is subject to availability o distributable surplus)

Scheme Features

Investment objective:Te investment objective o the scheme would be to provide regular incomealong with opportunities or capital appreciation through investments in adiversied basket o debt instruments, equity and money market instruments.

Inception Date:7th March, 2011

NAV as on 28th March2014 (in`):

Regular Direct

Growth 12.2137 12.2782Monthly Dividend 10.4461 10.5537

uarterly Dividend 10.7689 10.8310




ProleMin. Max.

Debt instruments (including oating rate debtinstruments and securitized debt*) and moneymarket instruments

80% 100%Low to

Medium

Equity and equity related instruments^ 0% 20%Mediumto High

*Investment in Securitized Debt will be only in investment grade rated papers andwill not to exceed 25% o the net assets o the scheme.^Te scheme will invest in the equity and equity related instruments o only suchcompanies which are the constituents o either the CNX Nify Index (Nify 50) orthe CNX Nify Junior Index (Nify Junior) comprising a combined universe o 100stocks. Tese two indices are collectively reerred to as the CNX 100 Index. Teequity portolio will be well-diversied and actively managed to ensure the schemesinvestment objectives are realized.


Dividend History - Monthly Dividend(for the past 1 month)

(Face Value: ` 10/- Per Unit)

Payout DateIndividual / HUF

Dividend (in `)Others Dividend

(in `)Cum Dividend

NAV* (in`)Ex DividendNAV (in`)

IDBI Monthly Income Plan - Monthly Dividend (Direct)

26th March, 2014 0.0234 0.0224 10.5696 10.5256Past perormance may or may not be sustained in the uture.Afer the payment o dividend,the per unit NAV alls to the extent o the dividend payout and distribution taxes, i any. Forcomplete dividend history including daily dividend history, please reer to our website. * NAVo the previous business day.


YTM : 9.40 % Average Maturity : 2.14 (Years)

Modied Duration : 1.63 (Years)


Tis product is suitable or investors who are seeking*: Medium term regular income and capital appreciation Investments in fixed income securities (debt and money market) as well as equity and equity related instruments. Medium risk (YELLOW)






Asset Prole

Issuer / Security Rating % To Net Assets*CERTIFICATE OF DEPOSIT 15.81Indian Overseas Bank Ltd. ICRA A1+ 15.81COMMERCIAL PAPERS 16.69India Bulls Housing Finance Ltd. CRISIL A1+ 8.50Fullerton India Credit Co. Ltd. ICRA A1+ 8.20FIXED COUPON BOND 28.21Power Finance Corporation Ltd. CRISIL AAA 10.34National Bank o Agriculture & Rural Development CRISIL AAA 9.26HDFC Ltd. CRISIL AAA 8.62

EUITY / EUITY RELATED 16.70Wipro Ltd. N.A 1.90Lupin Ltd. N.A 1.63Apollo Hospitals Enterprises Ltd. N.A 1.57HCL echnologies Ltd. N.A 1.45ata Consultancy Services Ltd. N.A 1.45Dr. Reddys Laboratories Ltd. N.A 1.35ICICI Bank Ltd. N.A 1.08ata Motors Ltd. N.A 1.02HDFC Ltd. N.A 0.90IndusInd Bank Ltd. N.A 0.86Mahindra & Mahindra Ltd. N.A 0.83NPC Ltd. N.A 0.73Kotak Mahindra Bank Ltd. N.A 0.67ata Global Beverages Ltd. N.A 0.64IC Ltd. N.A 0.62

GOVERNMENT SECURITIES 3.4408.83 GS SOV 3.44T-BILLS 16.92182 DB SOV 16.92CBLO 1.34Cash & Cash Receivables 0.89Total 100.00

Cash & Cash Receivables0.89%

Certicate o Deposit15.81%

Commercial Papers16.69%

Fixed Coupon Bond28.21%

Govt Securities3.44%

Equity / Equity Related16.70%

-Bills16.92%

CBLO1.34%

Certicate o Deposit

Commercial Papers

Fixed Coupon Bond

Equity / Equity Related

Govt Securities

-Bills

CBLO

Cash & Cash Receivables



9/19

9

Issuer / Security Rating % To Net Assets*CERTIFICATE OF DEPOSITS 61.06

Jammu & Kashmir Bank CRISIL A1+ 21.28IndusInd Bank Ltd. CRISIL A1+ 15.50Dena Bank CRISIL A1+ 10.31Oriental Bank o Commerce CRISIL A1+ 5.17Te South Indian Bank Ltd. CARE A1+ 5.17Allahabad Bank Ltd. ICRA A1+ 2.59Vijaya Bank CARE A1+ 0.52

Bank o Baroda Ltd. CRISIL A1+ 0.52COMMERCIAL PAPERS 36.26Srei Equipment Finance Pvt. Ltd. ICRA A1+ 7.74Aditya Birla Finance Ltd. ICRA A1+ 5.20Acons Inrastructure Ltd. ICRA A1+ 5.19India Bulls Housing Finance Ltd. CRISIL A1+ 5.19Religare Finvest Ltd. ICRA A1+ 5.16Birla M Holdings Pvt Ltd (Aditya Birla Group) CRISIL A1+ 2.60India Inoline Finance Ltd. ICRA A1+ 2.59India Inoline Finance Ltd. CRISIL A1+ 2.59FIXED DEPOSITS 62.78Vijaya Bank N.A 13.08Andhra Bank Ltd. N.A 10.46Te South Indian Bank Ltd. N.A 10.46UCO Bank N.A 10.46Allahabad Bank Ltd. N.A 7.85IndusInd Bank Ltd. N.A 5.23

Jammu & Kashmir Bank N.A 5.23Cash & Cash Receivables -60.10Total 100.00

Asset Prole

IDBI Liquid Fund (ILIQF)(An open-ended liquid scheme)

Scheme Features

Investment objective:Te investment objective o the scheme will be to provide investors with highlevel o liquidity along with regular income or their investment. Te scheme

will endeavour to achieve this objective through an allocation o the investmentcorpus in a low risk portolio o money market and debt instruments.

Inception Date:9th July, 2010

NAV as on 31st March 2014 (in`):

Regular Direct

Growth 1374.3331 1375.8712

Daily Dividend 1005.0166 1001.0209

Weekly Dividend 1009.3217 1005.7401

Monthly Dividend 1006.6784 1003.3640

Bonus 1030.7513 1031.9028


Instrument

Indicative allocation(% o total assets) Risk

ProleMin. Max.

Money market instruments withmaturity/residual maturity up to 91 days

50% 100% Low

Debt instruments (including oatingrate debt instruments and securitizeddebt)* with maturity/residual maturity/interest rate resets up to 91 days

0% 50%Low to

Medium

* Investment is securitized debt not to exceed 50% o the net assets o the scheme.Investment in Derivatives will be up to 50% o the net assets o the scheme.





Payout Date

Individual / HUF

Dividend (in `)

Others Dividend

(in `)

Cum Dividend

NAV* (in`)

Ex Dividend

NAV (in`)IDBI Liquid Fund - Monthly Dividend (Regular)

25th March, 2014 5.4490 5.2186 1011.3349 1004.6056

IDBI Liquid Fund - Monthly Dividend (Direct)

25th March, 2014 5.4809 5.2492 1008.0498 1001.2814

Past perormance may or may not be sustained in the uture.Afer the payment o dividend,the per unit NAV alls to the extent o the dividend payout and distribution taxes, i any. Forcomplete dividend history including daily dividend history, please reer to our website. * NAVo the previous business day.

Bonus HistoryRecord Date Scheme Name Ratio o Bonus Issue

25th March, 2014

IDBI Liquid Fund - BonusOption (Regular) 1:3

i.e; 1 unit or every 3 unitsheld under the bonus planIDBI Liquid Fund - Bonus

Option (Direct)

*Rounded off to the nearest two digits afer the decimal point.

YTM : 9.76 % Average Maturity : 51 (days)Modied Duration : 51 (days)

Tis product is suitable or investors who are seeking*: High level o liquidity along with regular income or short term Investments in Debt/ Money market instruments with maturity/residual maturity up to 91 days Low risk (BLUE)







-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00 61.06%

36.26%

62.78%

-60.10%

Certicate of Deposits

Commercial Paper

Fixed De posits

Cash & Cash Rece ivables


10/19

10

Snapshot of IDBI Mutual Fund Schemes

^ IDBI Tax Saving Fund (ITSF) has been renamed as IDBI Equity Advantage Fund (IEAF) with effect from 1st April, 2014.

INIF INJIF IIT100EF IEAF^ IMIP ILIF IUSTF ISTBF IDBF IGF IDOF IGFOF IDBI GOLD IRGESS-Srs I-Plan A

BenchmarkCNX Nify Index(Total Returns Index)

CNX Nify JuniorIndex (Total ReturnsIndex)

C NX 10 0 I nd ex S &P BS E 2 00 In de xCRISIL MIPBlended Index

CRISIL Liquid FundIndex

CRISIL Liquid FundIndex

Crisil Short TermBond Fund Index

Crisil CompositeBond Fund Index

CRISIL Gilt IndexCrisil Short TermBond Fund Index

Domestic price oGold

Domestic price oGold

S&P BSE 100 Index

Fund Manager Mr. V. Balasubramanian

Mr. Gautam Kaul(Debt portion) Mr.V. Balasubramanian(Equity portion)

Mr. Ganti Murthy Mr. Gautam KaulMr. Gautam Kaul &

Mr. Anil DhawanMr. V. Balasubramanian

MinimumApplicationAmount

New Purchase Rs. 5000/- and in multiples o Re. 1/- thereafer

For IEAF Rs. 500/- and in multiples o Rs. 500/- thereafer

For IDBI Gold : Authorized participants & Larg investors - In creation unit lot o 1000 units and multiples o 1000 unitsthereo or in equivalent amount in cash.

- - -

MinimumAdditionalInvestment

Rs. 1000/- and in multiples o Re.1/- thereaferFor IEAF Rs. 500/- and in multiples o Rs.500/- thereafer

- - -

SIP Rs. 1000 per month or a minimum period o 6 months. NA NA NA

Rs. 500 per month or a minimum period o 12 months. Rs. 1500 per quarter or a minimum period o 4 quarters. Only or IUSTF: Rs. 500 per day or a minimum o 30 installments continuously or all business days.Investments above minimum amount mentioned shall be made in multiples o Re. 1 or al l SIP in both Optionsirrespective o requency o SIP except or IEAF where it shall be made in multiples o Rs. 500/-.

SWPMinimum balance in the Scheme should be Rs.25,000/- at the time o enrollment or SWP. Minimum amount or eachwithdrawal should be Rs.1,000/- and in multiples o Re. 1/- thereafer or a minimum period o 6 months. SWP rom IEAFto any other Schemes o IDBI Mutual Fund is available only afer completion o lock-in period o 3 years.

NA NA NA

STP Available. STP rom IEAF to any other Schemes o IDBI Mutual Fund is available only afer completion o lock-in period o 3 years.

Plans, options and sub-optionsNo Scheme Plan* Option Sub-option / Frequency of

DividendMode of dividend payment

1 ILIQF Regular & Direct Dividend Daily/ Weekly/ Monthly Reinvestment / Payout/ Sweep

Growth NA NA

Bonus # NA NA

2 IUSTF Regular & Direct Dividend Daily/ Weekly/ Monthly Reinvestment / Payout/ Sweep

Growth NA NA

Bonus # NA NA

3 ISTBF Regular & Direct Dividend Weekly/ Monthly Reinvestment / Payout/ Sweep

Growth NA NA

4 IDBF Regular & Direct Dividend uarterly/Annually Reinvestment / Payout/ Sweep

Growth NA NA

5 IMIP Regular & Direct Dividend Monthly/ uarterly Reinvestment / Payout/ Sweep

Growth / Growth with Regular Cash Flow Plan (RCFP) NA NA

6 IGF Regular & Direct Dividend uarterly/Annually Reinvestment / Payout/ Sweep

Growth NA NA

7 IDOF Regular & Direct Dividend uarterly/Annually Reinvestment / Payout/ Sweep

Growth NA NA

8 INIF Regular & Direct Dividend NA Reinvestment / Payout/ Sweep

Growth NA NA

9 INJIF Regular & Direct Dividend NA Reinvestment / Payout/ Sweep

Growth NA NA

Statutory Details: IDBI Mutual Fund has been set up as a trust sponsored by IDBI Bank Ltd. with IDBI MF rustee Company Ltd. as the rustee (rustee under the Indian rusts Act, 1882) and with IDBI Asset Management Ltd. as the Investment Manager. Risk Factors: Mutual fund investments are subject tomarket risks, read all scheme related documents carefully.

No Scheme Plan* Option Sub-option / Frequency ofDividend

Mode of dividend payment

10 IIT100EF Regular & Direct Dividend NA Reinvestment / Payout/ Sweep

Growth NA NA

11 IEAF Regular & Direct Dividend NA NA

Growth NA NA

12 IGFOF Regular & Direct Growth NA NA

*All plans other than Direct plan will be treated as Regular Plan. # Bonus option is introduced in ILIQF & IUSTF w.e.. 17th December 2013.

For all schemes, Sweep acility is allowed only i dividend amount is Rs.1000/- & above.

Te Mutual Fund is not assuring any dividend nor is it assuring that it will make any dividend distributions. All dividend distributions are subject to theavailability of distributable surplus and would depend on the performance of the scheme(s) and will b e at the discretion of the A MC.

Load Structure

(for lumpsum &SIP)

Entry Load (For normal transactions / Switch-in and SIP) Not applicable

Exit Load (Redemption/ Switch-out/ ranser/ SWP):

For ILIQF & IUSF : Nil

For ISBF: 0.50% or exit within 9 months rom the date o allotment.

For INIF & INJIF - 1% or exit within 30 days rom the date o allotment.

For IDBF, IMIP, II100EF and IGFOF- 1% or exit within 12 months rom the date o allotment.

For IEAF: Nil. (Investment under the scheme is subject to a lock-in period o 3 years).

For IDBI Gilt Fund: 0.50% or exit within 30 days rom the date o allotment.

For IDOF: 2% or exit up to & including 18 months rom the date o allotment & afer 18 months Nil

Te exit load will be applicable or both normal transactions and SIP transactions. In case o SIP, the date o allotment or each installment or

subscription will be reckoned or charging exit load on redemption.


11/19

12


IDBI Ultra Short erm Fund (IUSF)(An open-ended debt scheme)

Scheme Features

Investment objective:Te objective o the scheme will be to provide investors with regular income ortheir investment. Te scheme will endeavour to achieve this objective throughan allocation o the investment corpus in a diversied portolio o moneymarket and debt instruments with maturity predominantly between a liquidund and a short term und while maintaining a portolio risk prole similarto a liquid und.

Inception Date:3rd September, 2010


Regular Direct

Growth 1367.2690 1368.3018

Daily Dividend 1006.2686 1020.5322


Monthly Dividend 1019.0569 1084.5287Bonus 0.0000 0.0000

NAV = 0.0000 indicates that there is no investment under the option a s yet.




ProleMin. Max.

Money market instruments/debt instruments

(including oating rate debt instruments andsecuritized debt*) with maturity/residualmaturity up to 1 year (or 365 days)

80% 100% Low toMedium

Debt instruments (including oating rate debtinstruments and securitized debt*) with duration/maturity/residual maturity above 1 year

0% 20% Medium

It is the intent o the scheme to maintain the average maturity o the portolio withina range o 30 days to 120 days under normal market conditions depending on theund managers assessment o various parameters including interest rate environment,liquidity and macro-economic actors. However, the maturity prole o the schemecan undergo a change in case the market conditions warrant and at the discretion othe und manager.

*Investment in Securitized Debt not to exceed 50% o the net assets o the Scheme.Investment in Derivatives will be upto 50% o the net a ssets o the Scheme.






(in `)Cum Dividend


IDBI Ultra Short Term Fund - Monthly Dividend (Regular)

26th March, 2014 5.2968 5.0729 1024.3880 1017.7726

Past perormance may or may not be sustained in the uture. Afer the payment o dividend,the per unit NAV alls to the extent o the dividend payout and distribution taxes, i any. Forcomplete dividend history including daily dividend history, please reer to our website. * NAVo the previous business day.

YTM : 9.35 % Average Maturity : 78 (days)Modied Duration : 78 (days)


Tis product is suitable or investors who are seeking*: Regular income or short term Investments in Debt/ Money market instruments with maturity predominantly between a liquid und and short term und while maintaining portolio risk prole similar

to liquid und

Low risk (BLUE)






Asset Prole

Issuer / Security Rating % To Net Assets*

CERTIFICATE OF DEPOSITS 89.22

ICICI Bank Ltd. ICRA A1+ 15.03

Andhra Bank Ltd. CARE A1+ 14.97

Allahabad Bank Ltd. ICRA A1+ 14.94

Bank o Baroda Ltd. CRISIL A1+ 7.48

Axis Bank Ltd. CRISIL A1+ 7.48

Indian Bank FICH A1+ 7.47

Punjab National Bank Ltd. CARE A1+ 7.45Te South Indian Bank Ltd. CARE A1+ 7.43

Punjab National Bank Ltd. CRISIL A1+ 6.98

COMMERCIAL PAPERS 22.28

ECL Finance Ltd. CRISIL A1+ 7.53

Religare Finvest Ltd. ICRA A1+ 7.47

Fullerton India Credit Co. Ltd. ICRA A1+ 5.79

HDFC Ltd. CRISIL A1+ 1.49

FIXED DEPOSITS 7.58

Karur Vysya Bank N.A 7.58

Cash & Cash Receivables -19.08

Total 100.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00 89.22%

22.28%

7.58%

-19.08%

Certicate o DepositsCommercial Papers

Fixed Deposits




12/19

13


COMMERCIAL PAPER 2.33


FIXED COUPON BOND 93.77

Power Finance Corporation Ltd. CRISIL AAA 19.01

Fullerton India Credit Co. Ltd. ICRA AA+ 17.32

Power Grid Corporation o India Ltd. CRISIL AAA 15.63

Vizag General Cargo Berth Pvt. Ltd. CRISILAA+SO 12.45

Exim Bank CRISIL AAA 12.02Inrastucture Development Finance Co. Ltd. ICRA AAA 11.76

HDFC Ltd. CRISIL AAA 2.91

LIC Housing Finance Ltd. CRISIL AAA 2.67

CBLO 0.04


Total 100.00

IDBI Short erm Bond Fund (ISBF)(An open-ended debt scheme)

Scheme Features

Investment objective:Te objective o the scheme will be to provide investors with regular income or theirinvestment. Te scheme will endeavour to achieve this objective through an allocation othe investment corpus in a diversied portolio o debt and money market instruments.

Inception Date:23rd March, 2011


Regular Direct

Growth 12.8956 12.9892


Monthly Dividend 10.3442 10.8305




ProleMin. Max.

Money market instruments/debt instruments(including oating rate debt instruments andsecuritized debt)* with maturity/residualmaturity up to and including 2 yea rs

65% 100% Low

Debt instruments (including oating rate debtinstruments and securitized debt)* with duration/maturity/residual maturity above 2 years and notexceeding 3 years

0% 35%Low to

Medium

It is the intent o the Scheme to maintain the duration o the portolio below 2years under normal market conditions depending on the und managers assessmento various parameters including interest rate environment, liquidity and macro-economic actors. However, the maturity prole o the scheme can undergo a changein case the market conditions warrant and at the discretion o the und manager.Under no circumstances the average maturity/duration o the portolio will exceed3 years.

* Investment in Securitized Debt not to exceed 25% o the net assets o the Scheme.Investment in Derivatives will be up to 50% o the net assets o the Scheme.Investment in derivatives shall be or hedging, portolio balancing and such other

purposes as maybe permitted rom time to time. Te gross investment in securitiesunder the scheme, which includes money market instruments, debt instrumentsincluding oating rate debt instruments and securitized debt, and gross exposure toderivatives will not exceed 100% o the net assets o the scheme.






(in `)Cum Dividend


IDBI Short Term Bond Fund - Monthly Dividend (Regular)26th March, 2014 0.0637 0.0610 10.4145 10.3297

IDBI Short Term Bond Fund - Monthly Dividend (Direct)26th March, 2014 0.0696 0.0666 10.9073 10.8149

Past perormance may or may not be sustained in the uture.Afer the payment o dividend,the per unit NAV alls to the extent o the dividend payout and distribution taxes, i any. Forcomplete dividend history including daily dividend history, please reer to our website. * NAVo the previous business day.



YTM : 9.70 % Average Maturity : 1.78 (Years)Modied Duration : 1.62 (Years)

Tis product is suitable or investors who are seeking*: Regular income or short term Investments in Debt/ Money market instruments with duration/maturity/residual maturity not exceeding 3 years Low risk (BLUE)






Asset Prole

0.00

10.0020.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

100.00

2.33%

93.77%

0.04% 3.87%

Commercial Papers

Fixed Coupon Bond

CBLO




13/19

14

IDBI Dynamic Bond Fund (IDBF)(An open-ended debt scheme)

Scheme Features

Investment objective:Te objective o the scheme is to generate income while maintaining liquiditythrough active management o a portolio comprising o debt and moneymarket instruments.

Inception Date:21st February 2012


Regular Direct

Growth 11.1329 11.1787uarterly Dividend 10.2929 10.7327

Annual Dividend 10.2810 10.3141




Debt instruments (including xed/oating ratedebt instruments, government securities andsecuritized debt*)

0% 100% Low toMedium

Money Market Instruments 0% 100% Low

*Investment in Securitized Debt not to exceed 25% o the net assets o the Scheme.Investment in Derivatives will be up to 50% o the net assets o the Scheme.

Investment in derivatives shall be or hedging, portolio balancing and such otherpurposes as maybe permitted rom time to time. Te gross investment in securitiesunder the scheme, which includes Money market instruments, debt instrumentsincluding oating rate debt instruments and securitized debt, and gross exposure toderivatives will not exceed 100% o the net assets o the scheme.



YTM : 9.15% Average Maturity : 6.12 (Years)Modied Duration : 4.50 (Years)


Tis product is suitable or investors who are seeking*: Generate Income along with attendant liquidity through active management o portolio with at least medium term horizon Investments in Debt (including Government Securities)/ Money Market Instruments Medium risk (YELLOW)






Asset Prole


FIXED COUPON BOND 21.16

Reliance Gas ransportation Inrastructure Ltd. CARE AAA 8.55

Reliance Utilities and Power Pvt. Ltd. CRISIL AAA 3.93

Rural Electrication Corporation CRISIL AAA 2.14

Steel Authority o India Ltd. AAA (IND) 2.12

Power Finance Corporation Ltd. ICRA AAA 2.09

Power Grid Corp o India Ltd. CRISIL AAA 2.07

Power Finance Corporation Ltd. CRISIL AAA 0.26GOVERNMENT SECURITIES 64.08

08.12 GS SOV 30.74

07.28 GS SOV 15.96

08.83 GS SOV 15.38

8.28 GOI SOV 1.99

T-BILLS 4.20

182 DB SOV 4.20

ZERO COUPON BOND 0.89

Bajaj Finance Ltd. CRISIL AA+ 0.21

HPCL-Mittal Energy Ltd. (HMEL) FICH AA 0.68

CBLO 7.17

Cash & Cash Receivables 2.50Total 100.00

Fixed Coupon Bond

Govt Securities

-Bills

Zero Coupon Bond

CBLO



Fixed Coupon Bond

21.16%


- Bills4.20%

Zero Coupon Bond

0.89%

CBLO7.17%



14/19

15

IDBI Gilt Fund (IGF)(An open-ended dedicated gilt scheme)

Scheme Features

Investment objective:Te investment objective o the scheme would be to provide regular incomealong with opportunities or capital appreciation through investments in adiversied basket o central government dated securities, state governmentsecurities and treasury bills. However, there can be no assurance that theinvestment objective o the scheme will be realized / achieved.

Inception Date:21st December, 2012

NAV as on 28th March2014 (in`):Regular Direct

Growth 10.6329 10.6722




InstrumentIndicative Allocation

Risk ProleMinimum Maximum

Government o India dated Securities/ StateGovernment dated Securities/Governmento India reasury Bills/ Cash ManagementBills o Government o India

65% 100%Sovereign/

Low

CBLO and repo/reverse repo in CentralGovernment or State Government securities 0% 35% Low


Portfolio as on 28/03/2014



Tis product is suitable or investors who are seeking*: Long term regular income along with capital appreciation with at least medium term horizon Investments in dated Central & State Government securities/-Bills/ Money Market Instrument Medium risk (YELLOW)






Asset Prole


GOVERNMENT SECURITIES 92.31

08.12 GS SOV 52.06

08.83 GS SOV 40.26

CBLO 5.22


Total 100.00

Govt Securities

CBLO




CBLO5.22%



15/19

16

IDBI Gold Fund (IGFOF)(An open-ended und o unds scheme)

Tis product is suitable or investors who are seeking*: o replicate returns o IDBI Gold EF with at least medium term horizon Investments in units o IDBI Gold EF/ Money Market Instruments/ IDBI Liquid Fund Scheme Medium risk (YELLOW)



(BLUE) Investors understand that their principalwill be at low risk (YELLOW) Investors understand that their principalwill be at medium risk (BROWN) Investors understand that theirprincipal will be at high risk

Scheme Features

Investment objective:Te investment objective o the Scheme will be to generate returns that correspondclosely to the returns generated by IDBI Gold Exchange raded Fund.

Inception Date:14th August, 2012


Regular Direct

Growth 8.9389 8.9499




Units o IDB I Gold Excha ng e ra ded Fund 95% 100% Mediumto High

Reverse repo/ Short-erm Fixed Deposits/Money Market Instruments and in IDBILiquid Fund Scheme o IDBI Mutual Fund

0% 5% Low




Te otal Expense Ratio(ER) including the weighted average ocharges levied by the underlying schemes will not exceed 1.70%

p.a. o the daily net assets. Te maximum ER afer including theadditional expense towards distribution o assets to cities beyondop 15 cities, i any, that may be charged to the Scheme will notexceed 2.00% p.a o the daily net assets. Te expense ratio underdirect plan shall exclude distribution expenses, commission, etc.

Asset Prole

Security Name % To Net Assets*

Units o IDBI Gold EF 98.70

CBLO 1.24


TOTAL 100.00

AUM REPOR FOR HE UARER ENDED 31/03/2014

Rs. in Lakhs

Asset class wise disclosure o AUM & AAUM Disclosure o percentage o AUM by geography

Category AUM as on the lastday o the uarter

Average AUM orthe uarter

Geographical Spread % o otal AUM as onthe last day o the uarter

Income 153,324.63 163,702.96 op 5 Cities 71.48%

Equity (other than ELSS) 21,391.83 18,112.58 Next 10 Cities 17.50%

Balanced 0.00 0.00 Next 20 Cities 5.67%

Liquid 95,575.37 390,427.26 Next 75 Cities 4.44%

Gilt 1,741.23 2,076.21 Others 0.90%

Equity - ELSS 5,886.00 4,363.79 otal 100.00%

GOLD EF 13,753.79 14,184.29

Other EF 0.00 0.00

Fund o Fund investingoverseas

0.00 0.00

otal 291,672.86 592,867.08

0.00

10.00

20.0030.00

40.00

50.00

60.00

70.00

80.00

90.00

100.00

98.70%

1.24% 0.06%

Units of IDBI Gold ETF

CBLO




16/19

17

IDBI Gold Exchangeraded Fund (IDBIGOLD)(An open-ended gold exchange traded scheme )

Tis product is suitable or investors who are seeking*: o replicate the perormance o gold in domestic prices with at least medium term horizon. Investments in physical gold / debt & money market instruments. Medium risk (YELLOW)



(BLUE) Investors understand that their principalwill be at low risk

(YELLOW) Investors understand that their principalwill be at medium risk

(BROWN) Investors understand that theirprincipal will be at high risk

Scheme Features

Investment objective:o invest in physical gold with the objective to replicate the perormance o gold indomestic prices. Te EF will adopt a passive investment strategy and will seek to achievethe investment objective by minimizing the tracking error between the Fund and theunderlying asset.

Inception Date:9th November, 2011

NAV as on 28th March 2014 (in `):

NAV ` 2739.9305

Physical Gold Price* ` 2813.7675

Cash Component ` -73.8370* Source: Bank o Nova Scotia (Custodian or IDBI Gold EF)

#Includes 95 units deposited in the G old deposit Scheme o Bank o Nova Scotia.



InstrumentIndicative Allocation

Risk ProleMi ni mum Maxi mum

Physical Gold 95% 100% MediumDebt & Money Market Instrument 0% 5% Low to Medium

Te Gross investment under the scheme, which includes physical gold, debt securitiesand money market instruments, will not exceed 100% o the net assets o the scheme.


Listing:Te Scheme is listed on National Stock Exchange o India Ltd. (NSE) and BombayStock Exchange Ltd. (BSE).

Asset Prole


Security Name % To Net Assets*

Physical Gold 100.04

CBLO 0.04

Cash & Cash Receivables -0.08

Total 100.00

Our BranchesAhmedabad : IDBI Mutual Fund, IDBI Complex, 1st Floor, Near Lal Bunglow, Off CG Road, Ahmedabad - 380 006.

el.: 079 - 64502167/68. Fax: 079 - 26400844.

Bengaluru : IDBI Mutual Fund, IDBI House, 1st Floor, IDBI Mutual Fund No. 58, Mission Road, Bengaluru - 560 027.el.: 080 - 41495263/41409786 Fax : 080 - 41495264.

Chandigarh : IDBI Mutual Fund, IDBI Bank Ltd., 3rd Floor, SCO 72/73, Bank Square, Sector - 17B, Chandigarh - 160 016.el.: 0172 - 5076705 Fax: 0172 - 5086705.

Chennai : IDBI Mutual Fund, No. 6/11 Pattery Square, 1st Floor, Balour Road, Kellys, Kilpauk, Chennai - 600 010. el.: 044 - 65552320.Delhi : IDBI Mutual Fund, IDBI Bank, 5th Floor, Red Cross Building, Red Cross Road, Parliament Street, New Delhi - 110 001.

el.: 011 - 66130050 Fax: 011 - 66130051.Hyderabad : IDBI Mutual Fund, 3rd Floor, 5 - 9 - 89/1, Chapel Road, Hyderabad - 500 001. el.: 040 - 66663559 Fax: 040 - 66663889.Indore : IDBI Mutual Fund, IDBI Bank Ltd., Ground Floor, Alan kar Chambers, Ratlam Kothi, Indore - 452 001.

el.: 0731 - 6679127 Fax: 0 731 - 2510101.Kochi : IDBI Mutual Fund, IDBI Bank, Corporate Offi ce, Near Passport Offi ce, Panampally Nagar, Kochi - 680 366. el.: 0484 - 6462112.Kolkata : IDBI Mutual Fund, IDBI House, 6th oor, 44, Shakespeare Sarani, Kolkata - 700 017. el.: 033 - 66557627 Fax: 033 - 66557629.Lucknow : IDBI Mutual Fund, IDBI Bank, 2 M G Marg, Kisan Sekhari Bhawan, Hazratganj, Lucknow - 226 001. el.: 0522- 2202863 / 6500103.

Mumbai : IDBI Mutual Fund, Maatlal Center, 5th Floor, Nariman Point, Mumbai - 400021. el.: 022 - 66442 800.Pune : IDBI Mutual Fund, IDBI House, 4th Floor, Dnayaneshwar, Paduka Chowk, F C Road, Shivaji Nagar, Pune - 411 004.

el.: 020 -66057037/36 Fax: 020 - 66057035.

Phone: 022-66442800 Fax:022-66442801 e-mail: [email protected] websit e: www.idbimutual.co.in

SMS:IDBIMF on 09220092200 Toll-ree:1800-22-4324 (between 9 a.m. 6 p.m. rom Monday to Friday)

Contact usIDBI Asset Management Limited

CIN No. U65100MH2010PLC199319Registered Offi ce: IDBI ower, WC Complex, Cuffe parade, Colaba, Mumbai - 400005

Corporate Offi ce: 5th Floor, Maatlal Centre, Nariman Point, Mumbai- 400021

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

120.00 100.04%

0.04%

-0.08%

Physical Gold

CBLO




17/19

18


EUITY / EUITY RELATED 96.53HCL echnologies Ltd. 7.00Divis Laboratories Ltd. 6.87Reliance Industries Ltd. 6.09Kotak Mahindra Bank Ltd. 5.89Lupin Ltd. 5.63

HDFC Ltd. 4.45Grasim Industries Ltd. 4.36Bajaj Auto Ltd. 4.19Asian Paints Ltd. 4.13ata Motors Ltd. 4.01Maruti Suzuki India Ltd. 3.97Inrastucture Development Finance Co. Ltd. 3.69Zee Entertainment Enterprises Ltd. 3.41ata Global Beverages Ltd. 3.40Colgate Palmolive (India) Ltd. 2.76

Wipro Ltd. 2.73


ech Mahindra Ltd. 2.71IC Ltd. 2.66IndusInd Bank Ltd. 2.52ICICI Bank Ltd. 2.51Bharat Petroleum Ltd. 2.31Sesa Goa Ltd. 2.18

Bharat Forge Ltd. 2.12Larsen & oubro Ltd. 1.92Mahindra & Mahindra Financial Services Ltd. 1.90Oil & Natural Gas Corpn Ltd. 1.60Cummins India Ltd. 1.50PREFERENCE SHARE 0.18Zee Entertainment Enterprises Ltd. 0.18CBLO 3.32Cash & Cash Receivables -0.04Total 100.00

NSE Disclaimer or IDBI Gold Exchange raded Fund & IDBI RGESS -Series I - Plan A : It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construedthat the Scheme Inormation Document has been cleared or approved by NSE nor does it certiy the correctness or completeness o any o the contents o the Draf Scheme Inormation Document. Teinvestors are advised to reer to the Scheme Inormation Document or the ull text o the Disclaimer Clause o NSE.

BSE Disclaimer or IDBI Gold Exchange raded Fund & & IDBI RGESS - S eries I - Plan A : It is to be distinctly understood that the permission given by BSE Ltd. should not in any way be deemed orconstrued that the SID has been cleared or approved by BSE Ltd. nor does it certiy the correctness or completeness o any o the contents o the SID. Te investors are advised to reer to the SID or theull text o the Disclaimer Clause o BS E Ltd.

Scheme Features

Investment objective:o generate opportunities or growth while providing income tax benets under Section80CCG o the I Act, 1961 by active management o portolio investing predominantlyin RGESS eligible equity and equity related instruments.

Inception Date:22nd March, 2013

NAV as on 31st March2014 (in `):

Regular DirectGrowth 11.6000 11.6000

Dividend 11.6000 11.6000




RGESS eligible equity* 95% 100% Mediumto High

Money Market instruments with residualmaturity not exceeding 91 days and CBLO 0% 5%

Low toMedium

*As per Ministry o Finance Notication S.O. 2777 (E) dated 23rd November 2012,

RGESS eligible securities or the purpose o the Scheme will mean and include -1. Equity shares, on the day o purchase, alling in the list o equity declared as BSE-

100 or CNX- 100 by the Bombay Stock Exchange and the National StockExchange, as the case maybe;

2. Equity shares o public sector enterprises which are categorized as Maharatna,Navratna or Miniratna by the Central Government;

3. Follow on Public Off er o sub-clauses (1) and (2) above;


Listing:Te Scheme is li sted on National Stock Exchange o India Ltd. (NSE) and BombayStock Exchange Ltd. (BSE).

IDBI Rajiv Gandhi Equity Savings Scheme - Series I - Plan A (IRGESS)(A close -ended growth scheme offering income tax benets under Section 80 CCG o the IT Act, 1961)




Tis product is suitable or investors who are seeking*: Long term capital growth o generate opportunities or growth while providing income tax benets under Section 80CCG o the I Act, 1961 by active management o portolio investing

predominantly in RGESS eligible equity and equity related instruments.

High risk (BROWN)


Note- Risk may be represented as:(BLUE)Investors understand that their principal will be atlow risk



12.96%

12.50%

12.44%

12.17%

10.92%

10.04%

8.40%

4.36%

3.62%

3.60%

2.18%

1.92%

1.60%


Pharmaceuticals

Sofware

Automobiles

Banks

Finance

Petroleum Products

Cement

Industrial Products


Minerals/Mining


Oil



18/19

19

Scheme Features

Investment objective:Te objective o the Scheme is to generate regular income and opportunities or capitalappreciation while maintaining liquidity through active management o a diversied

portolio comprising o debt and money market instruments across the investmentgrade credit rating and maturity spectrum. However, there can be no assurance that theinvestment objective o the scheme will be realized / achieved.

Inception Date:3rd March, 2014

NAV as on 28th March2014 (in `):

Regular Direct

Growth 10.0943 10.0995






Debt instruments including securitized debtinstruments 0% 90%

Low toMedium

Money Market instruments 10% 100% Low


IDBI Debt Opportunities Fund (IDOF)(An open-ended income scheme)




Tis product is suitable or investors who are seeking*: Regular income & capital appreciation through active management or at least medium term horizon. Investments in debt / money market instruments across the investment grade credit rating and maturity spectrum. Medium risk (YELLOW)







CERTIFICATE OF DEPOSITS 31.32

Indian Overseas Bank Ltd. ICRA A1+ 18.77

Oriental Bank o Commerce CRISIL A1+ 12.54

COMMERCIAL PAPERS 15.60

JM Financial Products Pvt Ltd. CRISIL A1+ 6.21


FIXED COUPON BONDS 34.21

Fullerton India Credit Company Ltd. ICRA AA+ 13.13

LIC Housing Finance Ltd. CRISIL AAA 8.97

Vizag General Cargo Bearth Pvt. Ltd. CRISILAA+SO 12.10

ZERO COUPON BOND 14.16

HPCL-Mittal Energy Ltd. (HMEL) FICH AA 14.16

CBLO 2.47


TOTAL 100.00


Certicate o Deposits31.32%

Commercial Papers15.60%

Fixed Coupon Bonds34.21%

Zero Coupon Bond14.16%

CBLO2.47%

Certicate o Deposits

Commercial Papers

Fixed Coupon BondsZero Coupon Bond

CBLO





19/19

fact sheet april 2014

Documents

hopes o

composition o

privilege o

backdrop o

date o allotment

withthe exibility o

determinethe course

topositive expectation