march 2017 - hdfc mutual fund · 2017-04-19 · 2 march 2017 intouch mutually ... hdfc cash...

March 2017

2 March 2017 Intouch mutually

CONTENTS

pagE NO.MARKET REVIEW .................................................................................................................................................................................................. 3HDFC GRoWTH FunD ........................................................................................................................................................................................... 4HDFC EquITy FunD .............................................................................................................................................................................................. 5HDFC Top 200 FunD ............................................................................................................................................................................................ 6HDFC CApITAl BuIlDER FunD .............................................................................................................................................................................. 7HDFC CoRE & SATEllITE FunD ............................................................................................................................................................................. 8HDFC pREMIER MulTI-CAp FunD ......................................................................................................................................................................... 9HDFC lARGE CAp FunD ........................................................................................................................................................................................ 10HDFC MID-CAp oppoRTunITIES FunD ................................................................................................................................................................. 11HDFC SMAll CAp FunD........................................................................................................................................................................................ 12HDFC lonG TERM ADVAnTAGE FunD .................................................................................................................................................................. 13HDFC TAxSAVER ................................................................................................................................................................................................... 14HDFC InFRASTRuCTuRE FunD .............................................................................................................................................................................. 15HDFC ARBITRAGE FunD........................................................................................................................................................................................ 16HDFC InDEx FunD - SEnSEx plAn ....................................................................................................................................................................... 17HDFC InDEx FunD - nIFTy plAn .......................................................................................................................................................................... 18HDFC InDEx FunD - SEnSEx pluS plAn .............................................................................................................................................................. 19HDFC BAlAnCED FunD ........................................................................................................................................................................................ 20HDFC pRuDEnCE FunD ........................................................................................................................................................................................ 21HDFC CHIlDREn’S GIFT FunD - InVESTMEnT plAn .............................................................................................................................................. 22HDFC CHIlDREn’S GIFT FunD - SAVInGS plAn ..................................................................................................................................................... 23HDFC RETIREMEnT SAVInGS FunD - EquITy plAn ............................................................................................................................................... 24HDFC RETIREMEnT SAVInGS FunD - HyBRID EquITy plAn .................................................................................................................................. 25HDFC RETIREMEnT SAVInGS FunD - HyBRID DEBT plAn...................................................................................................................................... 26HDFC MF MonTHly InCoME plAn - SHoRT TERM plAn ...................................................................................................................................... 27HDFC MF MonTHly InCoME plAn - lonG TERM plAn ....................................................................................................................................... 28HDFC EquITy SAVInGS FunD ............................................................................................................................................................................... 29HDFC MulTIplE yIElD FunD - plAn 2005 ............................................................................................................................................................ 30HDFC InCoME FunD ............................................................................................................................................................................................ 31HDFC HIGH InTEREST FunD - DynAMIC plAn ...................................................................................................................................................... 32HDFC HIGH InTEREST FunD - SHoRT TERM plAn ................................................................................................................................................. 33HDFC SHoRT TERM plAn ...................................................................................................................................................................................... 34HDFC SHoRT TERM oppoRTunITIES FunD ........................................................................................................................................................... 35HDFC MEDIuM TERM oppoRTunITIES FunD ........................................................................................................................................................ 36HDFC GIlT FunD - SHoRT TERM plAn .................................................................................................................................................................. 37HDFC GIlT FunD - lonG TERM plAn .................................................................................................................................................................... 38HDFC FloATInG RATE InCoME FunD - SHoRT TERM plAn .................................................................................................................................. 39HDFC FloATInG RATE InCoME FunD - lonG TERM plAn .................................................................................................................................... 40HDFC lIquID FunD .............................................................................................................................................................................................. 41HDFC CASH MAnAGEMEnT FunD - SAVInGS plAn .............................................................................................................................................. 42HDFC CASH MAnAGEMEnT FunD - TREASuRy ADVAnTAGE plAn ....................................................................................................................... 43HDFC CoRpoRATE DEBT oppoRTunITIES FunD .................................................................................................................................................... 44HDFC BAnKInG AnD pSu DEBT FunD .................................................................................................................................................................. 45pERFoRMAnCE DETAIlS oF SCHEMES MAnAGED By RESpECTIVE FunD MAnAGERS ........................................................................................... 46SCHEME pERFoRMAnCE SuMMARy - REGulAR plAnS ........................................................................................................................................ 47-60SCHEME pERFoRMAnCE SuMMARy - DIRECT plAnS ............................................................................................................................................ 61-78GloSSARy ............................................................................................................................................................................................................. 79HoW To READ FACTSHEET ................................................................................................................................................................................... 79DIVIDEnD HISToRy ............................................................................................................................................................................................... 80-82DISClAIMER ......................................................................................................................................................................................................... 82

Intouch mutually March 2017 3

Market Review

Source for various data points: RBI Website, Bloomberg, Reuters and HDFC AMC Research.

Equity Market update

Indian equity markets were up ~3% in last month of FY17. Key highlights of the month were rate hike in US, strong foreign inflows and state election results.

Global equity markets barring US and Japan also fared well. The table below gives the details of performance of key domestic and global indices.

% Change in Indices

CY 2016

1M CY2017 YTD

S&p BSE India Bankex 7.3 4.0 17.7S&p BSE India Capital Goods (3.3) 7.3 20.4S&p BSE India FMCG 3.3 5.3 14.0S&p BSE India Healthcare (12.9) (0.5) 4.0S&p BSE India Metal 36.7 (0.7) 16.8S&p BSE India oil & Gas 27.2 0.2 11.6S&p BSE India IT (8.0) (0.1) 1.9S&p BSE Sensex 1.9 3.1 11.2NIFTY 50 3.0 3.3 12.1NIFTY Free Float Midcap 100 7.1 4.3 19.8

% Change in Indices

CY 2016

1M CY2017 YTD

Dow Jones Industrial Average 13.4 (0.7) 4.6

nASDAq 7.5 1.5 9.8

FTSE 14.4 0.8 2.5

DAx 6.9 4.0 7.2

CAC 4.9 5.4 5.4

nikkei 0.4 (1.1) (1.1)

Hang Seng 0.4 1.6 9.6

KoSpI 3.3 3.3 6.6

Shanghai (12.3) (0.6) 3.8

MSCI Emerging Market Index 8.6 2.3 11.1

During the month, Brent crude prices corrected and were down 6%. Performance of other commodities was mixed.

FII’s bought Indian equities worth $4.7bn during March and $8.7bn during FY17 despite record outflows of $4.7bn between Oct-16 and Jan-17. Inflows in domestic Equity mutual funds in FY17 till February have been ~Rs 55,000 crores.

Equity market have lagged nominal GDP growth for several years now. With a sharp fall in interest rates, improving growth outlook and signs of improving corporate profitability the outlook for equity market is positive. Any volatility in Indian equities induced by global events at a time when the Indian economy is improving on nearly all parameters will be a good opportunity for the discerning investor.

In our opinion therefore, there is merit in increasing allocation to equities (for those with a medium to long term view) and to stay invested.

Debt Market update

The yield on the 10-year benchmark (6.97% GOI 2026) ended the month of March at 6.69% down by 18 bps over the previous month end. The yield on 10-year AAA Corporate Bond ended the month at 7.65% as against 7.80% at the end of February 2017. Thus, corporate bond spreads during the month increased to 85 bps as against 81 bps in the previous month.

Liquidity conditions continued to remain positive during the month of March 2017. As against ~Rs. 396,651 crs of average liquidity absorbed by RBI during the month of February 2017 (along with CMBs outstanding of to the tune of 1.5 lac crores) through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs.445,834 crs of liquidity was absorbed by RBI during the month of March 2017 (Cash Management Bills outstanding NIL). The overnight rate ended higher at 7.73% as against 6.05% as at end of February 2017.

INR closed at 64.85 versus the USD in March as against 66.69 in February 2017. The net FII investment in equities & debt was an inflow of ~US$ 8.57 billion in March 2017. FII’s sold close to US$ 0.9 billion in Indian debt and equity markets between Oct’16 to Mar’17 while were net buyers of ~USD 7.6 bn during FY17.

The annual rate of retail inflation, CPI increased to 3.7% YoY in February 2017, up from 3.2% in January 2016. The rise was largely on account of food inflation, which increased to three months high of 2.5%. Core CPI eased to 4.8% in February 2017 from 5.1% in January 2017. Core inflation has been in the range of 4.5 - 5.0 % over the last one year now.

OutlookIn the credit policy review of Apr’17 the RBI kept policy repo rate

unchanged, however, it surprised the markets by narrowing the policy rate corridor from 100bp to 50bp. The narrowing of policy rate corridor is aimed at bringing the weighted average overnight call rate closer to policy repo rate.

The monetary policy committee (MPC) maintained its neutral policy stance and guided that the future course of monetary policy will be largely data dependent on how macroeconomic conditions are evolving.

Given the uncertainty driven by outcome of monsoon, roll out of GST and global factors such as US interest rates, RBI is likely to remain in a prolonged pause mode in our opinion. In such a scenario yields are likely to remain range bound.


0.170.841.241.321.411.511.551.571.911.922.062.512.583.583.654.214.464.745.165.707.298.06

26.07

0 5 10 15 20 25 30Retailing

Consumer DurablesIndustrial Capital Goods

CementFinance

GasMinerals/mining

Telecom - Equipment & AccessoriesOil

Ferrous MetalsChemicals

Telecom - ServicesTransportation

Non - Ferrous MetalsConstruction

PharmaceuticalsPower

Consumer Non DurablesConstruction ProjectPetroleum Products

AutoSoftware

Banks

INvESTMENT OBjECTIvETo generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

FuND MaNagEr ¥

Srinivas rao ravuri (since April 3, 06) Total Experience: over 22 years

INCEpTION DaTE (Date of allotment)September 11, 2000

Nav Nav pEr uNIT (`)Regular plan - Growth option 159.331Regular plan - Dividend option 29.562Direct plan - Growth option 162.916Direct plan - Dividend option 30.408

aSSETS uNDEr MaNagEMENT (`) IN CrOrEAs on March 31, 2017 1,064.89Average for Month of March 31, 2017 1,057.89

quaNTITaTIvE DaTaportfolio Turnover Ratio (last 1 year) 29.36%

risk ration Standard Deviation 4.673%n Beta 1.089n Sharpe Ratio* 0.181

Computed for the 3-yr period ended March 31, 2017.Based on month-end nAV.* Risk free rate: 7.37% (Source: FIMMDA MIBoR)

TOTal ExpENSE raTIO (Weighted average for the month) €Regular 2.36%Direct 1.71%

€ Excluding Service Tax on Management Fees.

BENCHMarK INDExS&p BSE SEnSEx

ENTrY lOaDnot Applicable.

ExIT lOaDl In respect of each purchase / switch-in of units, an Exit

load of 1.00% is payable if units are redeemed / switched-out within 1 year from the date of allotment.

l no Exit load is payable if units are redeemed / switched-out after 1 year from the date of allotment.

For further details, please refer to para ‘Exit load’ on pg 46.

plaNSRegular plan, Direct plan

OpTIONSunder Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility.

MINIMuM applICaTION aMOuNTpurchase : ` 5,000 and any amount thereafter.Additional purchase : ` 1,000 and any amount thereafter.

rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.

For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 10 years).

HDFC Growth Fund (An open-ended growth scheme)

Company Industry+ % to Nav

EquITY & EquITY rElaTED

HDFC Bank ltd. Banks 9.02

State Bank of India Banks 7.50

Infosys ltd. Software 6.18

ICICI Bank ltd. Banks 5.98

Reliance Industries ltd. petroleum products 5.70

larsen & Toubro ltd. Construction project 5.16

ITC ltd. Consumer non Durables 4.74

Maruti Suzuki India ltd. Auto 2.82

Adani ports and Special Economic Zone ltd. Transportation 2.58

Tata Communications ltd. Telecom - Services 2.51

Total of Top Ten Holdings 52.19

Total Equity & Equity related 93.51

Cash, Cash Equivalents and net Current Assets 6.49

grand Total 100.00

For complete portfolio, please visit www.hdfcfund.com

portfolio - Top 10 Holdings

This product is suitable for investors who are seeking ~ riskometer

l Capital appreciation over long term.

l Investment predominantly in equity and equity related instruments.

Investors understand that their principal will be at moderately high risk

~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

SIp pErFOrMaNCE - Regular plan - Growth optionSince Inception

SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,990.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 12,059.80 8,240.74 2,360.49 878.20 440.43 135.64returns (annualised) (%) 19.26 18.32 12.98 15.24 13.56 25.15Benchmark Returns (Annualised) (%) # 13.50 13.15 9.17 10.19 7.02 16.72Addl. Benchmark Ret. (Annualised) (%) ## 13.42 13.16 9.73 11.15 8.38 17.97

past performance may or may not be sustained in the future. # S&p BSE SEnSEx ## nIFTy 50 Index. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

Industry allocation of Equity Holding (% of Net assets)

Face Value per unit: ` 10 unless otherwise specified, + Industry Classification as recommended by AMFI, Data is as of March 31, 2017 unless otherwise specified.

pErFOrMaNCE - Regular plan - Growth optionDate period Scheme

returns (%)

Benchmark returns

(%)#

additional Benchmark

returns (%) ##

value of ` 10,000 invested

Scheme (`) Benchmark (`)#


(`)##Mar 31, 16 last 1 year 27.21 16.88 18.55 12,721 11,688 11,855Mar 31, 14 last 3 years 17.54 9.77 11.01 16,246 13,232 13,684Mar 30, 12 last 5 years 13.26 11.21 11.60 18,647 17,019 17,324Sep 11, 00 Since Inception 18.19 11.76 11.75 159,331 63,068 62,991

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE SEnSEx ## nIFTy 50 Index. For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.


l INvESTMENT OBjECTIvETo achieve capital appreciation.

l FuND MaNagEr § ¥

prashant jain (since June 19, 03) Total Experience: over 26 years

l INCEpTION DaTE (Date of allotment)January 1, 1995



l quaNTITaTIvE DaTaportfolio Turnover Ratio (last 1 year) 23.05%



l TOTal ExpENSE raTIO (Weighted average for the month) €Regular 2.13%Direct 1.30%


l BENCHMarK INDExnIFTy 500 Index

l ENTrY lOaDnot Applicable.

l ExIT lOaDl In respect of each purchase / switch-in of units, an Exit load

of 1.00% is payable if units are redeemed / switched-out within 1 year from the date of allotment.



l plaNSRegular plan, Direct plan

l OpTIONSunder Each plan : Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTpurchase : ` 5,000 and any amount thereafter.Additional purchase : ` 1,000 and any amount thereafter.

l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.

For Tax Benefits / Consequences, Please refer to page 46§ Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03

¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 10 years).










Balkrishna Industries ltd. Auto Ancillaries 2.96

CESC ltd. power 2.83

Bank of Baroda Banks 2.82


Total Equity & Equity related Holdings 99.21

Cash margin / Earmarked cash for Futures & options 0.39


grand Total 100.00


HDFC Equity Fund (An open-ended growth scheme)




l Investment predominantly in equity and equity related instruments of medium to large sized companies.




SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # nIFTy 500 Index ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

0.230.540.570.590.790.801.001.061.591.641.642.052.742.802.963.66

5.255.33

7.108.178.62

10.3229.76

0 5 10 15 20 25 30Telecom - Services

ConstructionNon - Ferrous Metals

Industrial ProductsConsumer Durables

OilGas

RetailingTransportation

PesticidesCement

Media And EntertainmentFerrous Metals

FinanceAuto AncillariesPharmaceuticals

Petroleum ProductsIndustrial Capital Goods

PowerAuto

Construction ProjectSoftware

Banks




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 30.49 23.91 18.55 13,049 12,391 11,855Mar 31, 14 last 3 years 17.86 15.22 11.01 16,379 15,302 13,684Mar 30, 12 last 5 years 15.73 13.61 11.60 20,780 18,938 17,324Jan 01, 95 Since Inception 19.66 9.79 n.A. 543,769 79,951 n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 500 Index ## nIFTy 50 Index. n.A. not Available. For performance of other schemes managed by prashant Jain, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 77.


l INvESTMENT OBjECTIvETo generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linked instruments will be primarily drawn from the companies in the BSE 200 Index. Further, the Scheme may also invest in listed companies that would qualify to be in the top 200 by market capitalisation on the BSE even though they may not be listed on the BSE. This includes participation in large Ipos where in the market capitalisation of the company based on issue price would make the company a part of the top 200 companies listed on the BSE based on market capitalisation.



l INCEpTION DaTE (Date of allotment)october 11, 1996



l quaNTITaTIvE DaTaportfolio Turnover Ratio (last 1 year) 30.82%risk ration Standard Deviation 5.074%n Beta 1.157n Sharpe Ratio* 0.157Computed for the 3-yr period ended March 31, 2017.Based on month-end nAV.* Risk free rate: 7.37% (Source: FIMMDA MIBoR)

l TOTal ExpENSE raTIO (Weighted average for the month) €Regular 2.12%Direct 1.49%€ Excluding Service Tax on Management Fees.

l BENCHMarK INDExS&p BSE 200


l ExIT lOaDl In respect of each purchase / switch-in of units, an Exit







l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.For Tax Benefits / Consequences, Please refer to page 46§ Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 10 years).

HDFC Top 200 Fund (An open-ended growth scheme)



l Investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the S&p BSE 200 Index.












Tata Consultancy Services ltd. Software 2.83


Housing Development Finance Corporation ltd.£ Finance 2.78



Cash margin/ Earmarked cash for Futures & options 0.67


grand Total 100.00



0.450.530.841.171.221.251.291.411.602.422.873.494.024.355.375.966.006.006.14

10.9131.13

0 5 10 15 20 25 30 35Chemicals

Non - Ferrous MetalsRetailing

GasPesticides

Media And EntertainmentTelecom - Services

TransportationCement

OilFerrous Metals

Industrial Capital GoodsPharmaceuticals

Consumer Non DurablesFinance

AutoPetroleum Products

PowerConstruction Project

SoftwareBanks



SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 2,460.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $$ 31,156.31 9,617.19 2,508.63 892.88 437.53 136.98returns (annualised) (%) $$ 21.04 20.07 14.12 15.92 13.10 27.37Benchmark Returns (Annualised) (%) # 14.03 14.12 10.86 13.45 10.96 21.24Addl. Benchmark Ret. (Annualised) (%) ## 12.59 13.15 9.17 10.19 7.02 16.72

past performance may or may not be sustained in the future. # S&p BSE 200 ## S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


returns (%) $$

Benchmark returns

(%)#


returns (%) ##


Scheme (`) $$

Benchmark (`)#


(`)##Mar 31, 16 last 1 year 30.01 22.47 16.88 13,001 12,247 11,688Mar 31, 14 last 3 years 16.56 14.17 9.77 15,845 14,887 13,232Mar 30, 12 last 5 years 14.80 13.08 11.21 19,955 18,499 17,019oct 11, 96 Since Inception 20.93 13.23 11.54 489,993 127,311 93,720

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE 200 ## S&p BSE SEnSEx. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth options are assumed to be reinvested in the units of the Scheme at the then prevailing nAV (ex-dividend nAV). For performance of other schemes managed by prashant Jain, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.


£ Co-sponsor


This is a simple and performing scheme which is eligible for distribution by new cadre of distributors.

l INvESTMENT OBjECTIvETo achieve capital appreciation in the long term.

l FuND MaNagEr ¥

Miten lathia (since Mar 20, 17) Total Experience: over 20 years(The scheme was co-managed by Chirag Setalvad & Miten lathia till March 19, 17)

l INCEpTION DaTE (Date of allotment)February 1, 1994














l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 10 years).

HDFC Capital Builder Fund (An open-ended growth scheme)



l Investment predominantly in equity and equity related instruments of strong companies.




SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # nIFTy 500 Index ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.







Tata Motors ltd. Auto 3.39



VIp Industries ltd. Consumer Durables 2.75

Cipla ltd. pharmaceuticals 2.75

Axis Bank ltd. Banks 2.58



Cash margin/ Earmarked cash for Futures & options 0.24


grand Total 100.00



0.770.810.921.161.261.301.671.671.741.831.862.192.793.333.393.454.895.195.216.236.568.06

26.87

0 5 10 15 20 25 30Industrial Capital Goods

OilIndustrial Products

RetailingNon - Ferrous Metals

Telecom - Equipment & AccessoriesGas

Hotels, Resorts & Other Recreational ActivitiesPower

ChemicalsAuto Ancillaries

Telecom - ServicesTransportation

Consumer Non DurablesAuto

Media And EntertainmentConstruction

Consumer DurablesConstruction ProjectPetroleum Products

PharmaceuticalsSoftware

Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 27.76 23.91 18.55 12,776 12,391 11,855Mar 31, 14 last 3 years 21.24 15.22 11.01 17,829 15,302 13,684Mar 30, 12 last 5 years 18.64 13.61 11.60 23,525 18,938 17,324Feb 01, 94 Since Inception 14.87 9.10 9.06 248,330 75,226 74,588

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. #nIFTy 500 Index ##nIFTy 50 Index. For performance of other schemes managed by Miten lathia, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 76.



l INvESTMENT OBjECTIvETo generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value.

l FuND MaNagEr ¥

vinay Kulkarni (since november 21, 06) Total Experience: over 26 years

l INCEpTION DaTE (Date of allotment)September 17, 2004


aSSETS uNDEr MaNagEMENT (`) IN CrOrEAs on March 31, 2017 593.52Average for Month of March 31, 2017 575.95






l BENCHMarK INDExS&p BSE 200











HDFC Core & Satellite Fund (An open-ended growth scheme)



l Investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their true value.




SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,510.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 3,732.96 2,388.33 912.01 438.26 135.23returns (annualised) (%) 13.49 13.20 16.78 13.22 24.47Benchmark Returns (Annualised) (%) # 11.49 10.86 13.45 10.96 21.24Addl. Benchmark Ret. (Annualised) (%) ## 10.38 9.17 10.19 7.02 16.72

past performance may or may not be sustained in the future. # S&p BSE 200 ## S&p BSE SEnSEx. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


EquITY & EquITY rElaTEDlarsen & Toubro ltd. Construction project 6.95Bharat petroleumCorporation ltd. petroleum products 6.21Cipla ltd. pharmaceuticals 6.11Bharat Electronics ltd. Industrial Capital

Goods 5.77ICICI Bank ltd. Banks 5.29Tata Motors ltd. DVR Auto 5.27nHpC ltd. power 5.07State Bank of India Banks 4.95Maruti Suzuki India ltd. Auto 4.56CESC ltd. power 4.25Total of Top Ten Holdings 54.43


Credit Exposure

Au Financiers (India) ltd. FITCH - A+ 0.69

Total Credit Exposure 0.69


grand Total 100.00



1.02

1.42

1.44

2.02

2.42

3.00

3.60

4.01

6.11

6.21

9.83

10.24

11.45

11.50

16.76

0 2 4 6 8 10 12 14 16 18

Media And Entertainment

Transportation

Construction

Finance

Healthcare Services

Auto Ancillaries

Commercial Services

Software

Pharmaceuticals

Petroleum Products

Auto

Banks

Power

Construction Project

Industrial Capital Goods



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 27.93 22.47 16.88 12,793 12,247 11,688Mar 31, 14 last 3 years 19.44 14.17 9.77 17,048 14,887 13,232Mar 30, 12 last 5 years 13.90 13.08 11.21 19,182 18,499 17,019Sep 17, 04 Since Inception 16.89 14.57 14.27 70,780 55,077 53,263

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE 200 ## S&p BSE SEnSEx. For performance of other schemes managed by Vinay Kulkarni, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.



l INvESTMENT OBjECTIvETo generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and large Cap ‘blue chip’ companies.

l FuND MaNagEr ¥


l INCEpTION DaTE (Date of allotment)April 6, 2005















l SEgMENT-WISE BrEaK-up OF EquITY HOlDINg (% OF NET aSSETS)large Cap 35.98%Mid Cap 57.73%


HDFC Premier Multi-cap Fund (An open-ended growth scheme)



l Investment predominantly in equity and equity related instruments of Mid Cap and large Cap ‘blue chip’ companies.




SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # nIFTy 500 Index ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.





Tata Motors ltd. DVR Auto 5.55



KEC International ltd. Construction project 4.62

punjab national Bank Banks 4.46

Bharat petroleumCorporation ltd. petroleum products 4.32

Tata Steel ltd. Ferrous Metals 4.17





grand Total 100.00



0.88

1.81

2.48

3.14

3.86

4.17

4.32

5.07

5.42

9.53

9.97

12.24

30.83

0 5 10 15 20 25 30 35

Telecom - Equipment & Accessories

Hotels, Resorts & Other Recreational Activities

Power

Pharmaceuticals

Consumer Durables

Ferrous Metals

Petroleum Products

Software

Construction

Auto



Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 29.50 23.91 18.55 12,950 12,391 11,855Mar 31, 14 last 3 years 17.17 15.22 11.01 16,093 15,302 13,684Mar 30, 12 last 5 years 12.16 13.61 11.60 17,757 18,938 17,324Apr 06, 05 Since Inception 14.20 13.20 13.22 49,158 44,245 44,333

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 500 Index ## nIFTy 50 Index. For performance of other schemes managed by Vinay Kulkarni, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.



l INvESTMENT OBjECTIvETo provide long-term capital appreciation by investing predominantly in large cap companies.


vinay Kulkarni (since June 28, 14) Total Experience: over 26 years









l BENCHMarK INDEx

nIFTy 50 Index










For Tax Benefits / Consequences, Please refer to page 46§ Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience: over 10 years).

HDFC Large Cap Fund (An open-ended equity scheme)



l Investment in equity and equity related instruments of large Cap companies.




SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,070.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $$ 1,701.20 782.86 408.07 131.98returns (annualised) (%) $$ 10.11 10.59 8.32 19.12Benchmark Returns (Annualised) (%) # 10.53 11.15 8.38 17.97Addl. Benchmark Ret. (Annualised) (%) ## 9.95 10.19 7.02 16.72

past performance may or may not be sustained in the future. # nIFTy 50 Index ## S&p BSE SEnSEx. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

0.85

1.23

1.63

2.60

3.23

7.21

8.09

8.27

12.71

17.10

36.86

0 5 10 15 20 25 30 35 40

Gas

Transportation

Oil

Power

Cement

Consumer Non Durables

Software


Auto

Petroleum Products

Banks



returns (%) $$

Benchmark returns

(%)#


returns (%) ##


Scheme (`) $$

Benchmark (`)#


(`)##Mar 31, 16 last 1 year 19.03 18.55 16.88 11,903 11,855 11,688Mar 31, 14 last 3 years 9.93 11.01 9.77 13,290 13,684 13,232Mar 30, 12 last 5 years 11.62 11.60 11.21 17,334 17,324 17,019Feb 18, 94 Since Inception 10.93 9.07 9.14 110,052 74,453 75,658

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 50 Index ## S&p BSE SEnSEx. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth options are assumed to be reinvested in the units of the Scheme at the then prevailing nAV. For performance of other schemes managed by Vinay Kulkarni, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.


EquITY & EquITY rElaTEDReliance Industries ltd. petroleum products 9.73HDFC Bank ltd. Banks 9.62State Bank of India Banks 9.49ICICI Bank ltd. Banks 8.72larsen & Toubro ltd. Construction project 8.27ITC ltd. Consumer non

Durables 7.21Bharat petroleum Corporation ltd. petroleum products 6.77Axis Bank ltd. Banks 6.56Tata Motors ltd. DVR Auto 5.31Infosys ltd. Software 5.26Total of Top Ten Holdings 76.94

Investment in aDr/gDr/Foreign Securities

Cognizant Technology Solutions Corp Software 2.83



grand Total 100.00

For complete portfolio, please visit www.hdfcfund.comInvestment in Foreign Securities (` in Crore) 34.96




l INvESTMENT OBjECTIvETo generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies.

l FuND MaNagEr ¥

Chirag Setalvad (since June 25, 07) Total Experience: over 17 years

l INCEpTION DaTE (Date of allotment)June 25, 2007





l BENCHMarK INDExnIFTy Free Float Midcap 100 Index










l SEgMENT-WISE BrEaK-up OF EquITY HOlDINg (% OF NET aSSETS)large Cap 0.00%Mid Cap 94.13%


HDFC Mid-Cap Opportunities Fund (An open-ended equity scheme)



l Investment predominantly in equity and equity related instruments of Small and Mid Cap companies.




SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,180.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 3,851.32 1,178.59 499.07 140.81returns (annualised) (%) 22.81 27.40 22.43 33.82Benchmark Returns (Annualised) (%) # 15.56 21.81 20.37 34.12Addl. Benchmark Ret. (Annualised) (%) ## 9.76 11.15 8.38 17.97

past performance may or may not be sustained in the future. # nIFTy Free Float Midcap 100 Index ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.



Tube Investments of India ltd. Auto Ancillaries 2.90

Voltas ltd. Construction project 2.53

yes Bank ltd. Banks 2.39

Indusind Bank ltd. Banks 2.36

Sundram Fasteners ltd. Auto Ancillaries 2.31

Aurobindo pharma ltd. pharmaceuticals 2.28

Torrent pharmaceuticals ltd. pharmaceuticals 2.23

upl ltd. pesticides 2.16






grand Total 100.00



0.701.041.161.271.281.351.781.902.122.292.883.013.303.674.124.905.36

7.027.62

10.3510.41

16.58

0 2 4 6 81012141618Oil

Textiles - CottonTrading

Petroleum ProductsConstruction

GasRetailing

Consumer Non DurablesTransportation

Hotels, Resorts & Other Recreational ActivitiesChemicalsPesticides

Industrial Capital GoodsConstruction Project

Media And EntertainmentSoftware

FinanceConsumer Durables

PharmaceuticalsIndustrial Products

Auto AncillariesBanks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 37.37 34.85 18.55 13,737 13,485 11,855Mar 31, 14 last 3 years 30.30 25.90 11.01 22,137 19,968 13,684Mar 30, 12 last 5 years 24.88 17.38 11.60 30,403 22,301 17,324Jun 25, 07 Since Inception 17.85 11.71 8.17 49,797 29,512 21,538

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy Free Float Midcap 100 Index ## nIFTy 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.



l INvESTMENT OBjECTIvETo provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies.

l FuND MaNagEr ¥

Chirag Setalvad (since June 27, 14) Total Experience: over 17 years






l BENCHMarK INDExnIFTy Free Float Smallcap 100 Index










l SEgMENT-WISE BrEaK-up OF EquITY HOlDINg (% OF NET aSSETS)Mid Cap 6.69%Small Cap 89.93%

For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments:

Mr Rakesh Vyas (Total Experience: over 10 years).

HDFC Small Cap Fund (An open-ended equity scheme)



l Investment predominantly in equity and equity related instruments of Small-Cap and Mid-Cap companies.




SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,080.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 2,507.01 1,017.98 476.50 138.84returns (annualised) (%) 18.00 21.30 19.10 30.50Benchmark Returns (Annualised) (%) # 14.50 20.12 17.99 36.69Addl. Benchmark Ret. (Annualised) (%) ## 10.46 11.15 8.38 17.97

past performance may or may not be sustained in the future. # nIFTy Free Float Smallcap 100 Index ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.



Carborundum universal ltd. Industrial products 4.04

Aarti Industries ltd. Chemicals 3.67

Tube Investments of India ltd. Auto Ancillaries 3.55

yes Bank ltd. Banks 3.43

oriental Carbon & Chemicals ltd. Chemicals 3.33

KEC International ltd. Construction project 3.28

Aurobindo pharma ltd. pharmaceuticals 3.25


Apar Industries limited Industrial Capital Goods 3.22

City union Bank ltd. Banks 3.09




grand Total 100.00



0.230.870.921.331.611.841.851.942.032.282.673.253.293.854.724.99

7.007.077.87

11.7712.36

14.55

0 2 4 6 8 10121416Consumer Non Durables

FinanceCement

PesticidesTransportation

Hotels, Resorts & Other Recreational ActivitiesTextiles - Cotton

TradingTextiles - Synthetic

PowerAuto

PharmaceuticalsMedia And Entertainment

SoftwareConstruction

Industrial Capital GoodsChemicals

Consumer DurablesConstruction Project

Industrial ProductsAuto Ancillaries

Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 33.18 42.99 18.55 13,318 14,299 11,855Mar 31, 14 last 3 years 22.94 23.65 11.01 18,594 18,914 13,684Mar 30, 12 last 5 years 19.79 15.56 11.60 24,687 20,629 17,324Apr 03, 08 Since Inception 14.43 7.35 7.54 33,621 18,926 19,226

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy Free Float Smallcap 100 Index ## nIFTy 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.



l INvESTMENT OBjECTIvETo generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

l FuND MaNagEr ¥

Chirag Setalvad (since April 2, 07) Total Experience: over 17 years









l BENCHMarK INDExS&p BSE SEnSEx


l ExIT lOaDnil


l OpTIONSunder Each plan : Growth & Dividend. The Dividend option offers Dividend payout facility.

l MINIMuM applICaTION aMOuNTpurchase : ` 500 and in multiples of ` 500 thereafter.Additional purchase : ̀ 500 and in multiples of ̀ 500 thereafter.


l lOCK-IN pErIOD3 years from the date of allotment of the respective units


HDFC Long Term Advantage Fund (An open-ended equity linked saving scheme with a lock-in period of 3 years)







SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # S&p BSE SEnSEx ## nIFTy 50 Index. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.










Bharat petroleum Corporation ltd. petroleum products 3.87

Vesuvius India ltd. Industrial products 3.77





grand Total 100.00



0.321.011.051.471.591.732.142.15

3.354.355.005.17

6.677.25

9.6810.19

13.3019.79

0 5 10 15 20

Media And EntertainmentTelecom - Services

Ferrous MetalsPharmaceuticals

TradingChemicals

PowerIndustrial Capital GoodsConsumer Non Durables

FinanceConsumer Durables

Construction ProjectAuto Ancillaries

AutoSoftware

Petroleum ProductsIndustrial Products

Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 30.09 16.88 18.55 13,009 11,688 11,855Mar 31, 14 last 3 years 18.43 9.77 11.01 16,620 13,232 13,684Mar 30, 12 last 5 years 17.15 11.21 11.60 22,081 17,019 17,324Jan 02, 01 Since Inception 23.16 13.08 12.93 295,459 73,703 72,132

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE SEnSEx ## nIFTy 50 Index. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.


£ Co-sponsor


l INvESTMENT OBjECTIvETo achieve long term growth of capital.

l FuND MaNagEr ¥


l INCEpTION DaTE (Date of allotment)March 31, 1996










l ExIT lOaDnil


l OpTIONSunder Each plan : Growth & Dividend. The Dividend option offers Dividend payout facility.

l MINIMuM applICaTION aMOuNTpurchase : ` 500 and in multiples of ` 500 thereafter.Additional purchase : ̀ 500 and in multiples of ̀ 500 thereafter.

l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days (Redemption is subject to completion of lock-in period, if applicable).

l lOCK-IN pErIOD3 years from the date of allotment of the respective units


HDFC TaxSaver (An open-ended equity linked saving scheme with a lock-in period of 3 years)


l Growth of capital over long term.












Bharat Electronics ltd. Industrial Capital Goods 3.58

Cipla ltd. pharmaceuticals 3.57

Bharat petroleum Corporation ltd. petroleum products 3.52





grand Total 100.00



0.110.330.580.590.620.671.171.381.521.722.052.682.712.852.944.694.995.515.646.417.54

10.0628.36

0 5 10 15 20 25 30DiversifiedPesticides

OilMedia And Entertainment

Hotels, Resorts & Other Recreational ActivitiesTelecom - Services

ChemicalsTransportation

GasIndustrial Products

CementAuto Ancillaries

Consumer DurablesFerrous Metals

Consumer Non DurablesPower

PharmaceuticalsSoftware

Industrial Capital GoodsAuto

Petroleum ProductsConstruction Project

Banks



SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 2,520.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $$ 59,287.34 9,864.13 2,620.62 938.24 446.25 140.20returns (annualised) (%) $$ 25.11 20.36 14.93 17.94 14.47 32.79Benchmark Returns (Annualised) (%) # 13.96 14.25 11.19 14.29 11.81 22.85Addl. Benchmark Ret. (Annualised) (%) ## 12.58 13.16 9.73 11.15 8.38 17.97



returns (%) $$

Benchmark returns

(%)#


returns (%) ##


Scheme (`) $$

Benchmark (`)#


(`)##Mar 31, 16 last 1 year 32.48 23.91 18.55 13,248 12,391 11,855Mar 31, 14 last 3 years 19.20 15.22 11.01 16,944 15,302 13,684Mar 30, 12 last 5 years 16.01 13.61 11.60 21,032 18,938 17,324Mar 31, 96 Since Inception 25.50 12.29 n.A. 1,183,101 114,194 n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 500 Index ## nIFTy 50 Index. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth options are assumed to be reinvested in the units of the Scheme at the then prevailing nAV (ex-dividend nAV). n.A.: not Available. For performance of other schemes managed by Vinay Kulkarni, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.



l INvESTMENT OBjECTIvETo seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.

l FuND MaNagEr ¥

Srinivas rao ravuri (since March 20, 17) Total Experience: over 22 years(The scheme was co-managed by prashant Jain & Srinivas Rao Ravuri till March 19, 17)















l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days (Redemption is subject to completion of lock-in period, if applicable).


HDFC Infrastructure Fund (An open-ended equity scheme)



l Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.

Investors understand that their principal will be at high risk



SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,090.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 1,816.99 869.86 414.46 133.37returns (annualised) (%) 10.91 14.85 9.38 21.40Benchmark Returns (Annualised) (%) # 12.11 14.29 11.81 22.85Addl. Benchmark Ret. (Annualised) (%) ## 10.40 11.15 8.38 17.97








Siemens ltd. Industrial Capital Goods 4.88

Hindustan Construction Company ltd. Construction project 4.01

CESC ltd. power 3.76

punjab national Bank Banks 3.72

JMC projects (India) ltd. Construction 3.24

Astra Microwaveproducts ltd.

Telecom - Equipment & Accessories 2.75




grand Total 100.00



0.44

0.61

0.99

1.64

2.23

2.37

2.64

2.75

4.33

4.53

13.12

16.83

17.40

29.20

0 5 10 15 20 25 30

Hotels, Resorts & Other Recreational Activities

Cement

Transportation

Non - Ferrous Metals

Ferrous Metals


Auto Ancillaries

Telecom - Equipment & Accessories

Power

Auto

Construction



Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 27.00 23.91 18.55 12,700 12,391 11,855Mar 31, 14 last 3 years 18.69 15.22 11.01 16,729 15,302 13,684Mar 30, 12 last 5 years 11.16 13.61 11.60 16,979 18,938 17,324Mar 10, 08 Since Inception 6.45 8.16 7.41 17,616 20,355 19,110

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 500 Index ## nIFTy 50 Index. For performance of other schemes managed by Srinivas Rao Ravuri, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.



l INvESTMENT OBjECTIvETo generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

l FuND MaNagEr ¥

Krishan Kumar Daga (since September 10, 15) Total Experience: over 21 years


Nav Nav pEr uNIT (`)retail planRegular plan - Growth option 19.319Regular plan - Dividend option 14.346Regular plan - quarterly Dividend option 13.730Direct plan - Growth option 19.670Direct plan - quarterly Dividend option 14.905Wholesale planRegular plan - Growth option 19.689Regular plan - Dividend option 10.515Regular plan - Monthly Dividend option 10.890Direct plan - Growth option 12.408Direct plan - Dividend option 10.745Direct plan - Monthly Dividend option 10.497




l BENCHMarK INDExCRISIl liquid Fund Index



load of 0.25% is payable if units are redeemed / switched-out within 1 month from the date of allotment.

l no Exit load is payable if units are redeemed / switched-out after 1 month from the date of allotment.


l plaNS(Wholesale plan) - Regular plan(Wholesale plan) - Direct plan

l OpTIONSunder Each plan : Growth & Dividend. Dividend option offers Monthly Dividend option and normal Dividend option with payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTpurchase / Additional purchase: ` 1 lakh and any amount thereafter.



HDFC Arbitrage Fund (An open-ended equity scheme)


l Income over short term.

l Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment.

Investors understand that their principal will be at moderately low risk



EquITY & EquITY rElaTED (quantity fully hedged using futures/options)ITC ltd. Consumer non

Durables 4.95Tata Steel ltd. Ferrous Metals 3.57Sun pharmaceuticals Industries ltd. pharmaceuticals 3.25Maruti Suzuki India ltd. Auto 3.15Zee Entertainment Enterprises ltd.

Media And Entertainment 3.08

ICICI Bank ltd. Banks 2.45Dr. Reddy's laboratories ltd. pharmaceuticals 2.30larsen & Toubro ltd. Construction project 2.23Mahindra & Mahindra ltd. Auto 2.20Housing Development Finance Corporation ltd.£ Finance 1.99Total of Top Ten Holdings 29.17


CD/Cp, Credit ExposureTata Capital Financial Services ltd. ICRA - AA+ 5.15Vedanta ltd. CRISIl - AA- 2.59l&T Finance ltd. CARE AA+ 2.25Tata Sons ltd. CRISIl - AAA 1.92Shriram Transport Finance Co. ltd. CRISIL - AA+ 1.29Mahindra & Mahindra Financial Services ltd. CRISIL - A1+ 1.27Au Financiers (India) ltd. FITCH - A1+ 1.23Raymond ltd. CARE - AA 0.88Syndicate Bank CARE - AA- 0.64BMW India Financial Services pvt. ltd. CRISIl - AAA 0.39Total of Top Ten Holdings 17.61

Total CD/Cp, Credit Exposure 17.77Short Term Deposits as margin for Futures & options 14.55Cash, Cash Equivalents and net Current Assets 1.40

grand Total 100.00

For complete portfolio, please visit www.hdfcfund.comoutstanding exposure in derivative instruments (` in Crore) 2,601.47


0.080.120.130.190.250.270.280.730.790.830.930.941.031.081.171.211.671.701.792.23

3.483.664.03

6.076.546.84

8.409.84

0 2 4 6 8 10

Consumer DurablesServices

ChemicalsMinerals/Mining

Industrial ProductsPesticides

TransportationGas

Non - Ferrous MetalsTextile Products

SoftwareAuto Ancillaries

ConstructionCement

Telecom - ServicesTelecom - Equipment & Accessories

Industrial Capital GoodsPetroleum Products

OilConstruction Project

PowerMedia And Entertainment

Ferrous MetalsFinance

AutoBanks

Consumer Non DurablesPharmaceuticals


pErFOrMaNCE - Wholesale plan - Regular plan - Growth optionDate period Scheme

returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## nIFTy 50 Index. Scheme performance is not strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 68.


£ Co-sponsor


l INvESTMENT OBjECTIvEThe objective of this plan is to generate returns that are commensurate with the performance of the SEnSEx, subject to tracking errors.

l FuND MaNagEr ¥

Krishan Kumar Daga (since october 19, 15) Total Experience: over 21 years

l INCEpTION DaTE (Date of allotment)July 17, 2002

Nav Nav pEr uNIT (`)Regular plan - Growth option 257.8978Direct plan - Growth option 260.2290



l TraCKINg ErrOrAnnualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.17%



l BENCHMarK INDExS&p BSE SEnSEx (Total Returns Index)



load of 1.00% is payable if units are redeemed / switched-out within 30 days from the date of allotment.

l no Exit load is payable if units are redeemed / switched-out after 30 days from the date of allotment.



l OpTIONSEach plan offers Growth option only.



For Tax Benefits / Consequences, Please refer to page 46

HDFC Index Fund SENSEX Plan (An open-ended Index Linked scheme)


l Returns that are commensurate with the performance of the SEnSEx, subject to tracking errors over long term.

l Investment in equity securities covered by the SEnSEx.




SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # S&p BSE SEnSEx (Total Returns Index) ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.












Tata Motors ltd. Auto 3.31




grand Total 100.00



0.86

1.11

1.19

1.33

1.70

1.83

3.10

4.65

6.28

8.01

8.75

11.36

12.90

13.44

23.08

0 5 10 15 20 25

Gas

Transportation

Ferrous Metals

Minerals/Mining

Telecom - Services

Oil

Power


Pharmaceuticals

Petroleum Products

Finance

Auto


Software

Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 18.13 18.46 18.55 11,813 11,846 11,855Mar 31, 14 last 3 years 10.94 11.42 11.01 13,659 13,835 13,684Mar 30, 12 last 5 years 12.27 12.95 11.60 17,851 18,393 17,324Jul 17, 02 Since Inception 15.20 18.22 16.00 80,190 117,375 88,846

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE SEnSEx (Total Returns Index) ## nIFTy 50 Index. Since inception returns are calculated on ` 32.1610 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 68.

Face Value per unit: ` 32.1610, + Industry Classification as recommended by AMFI, Data is as of March 31, 2017 unless otherwise specified.

£ Co-sponsor


l INvESTMENT OBjECTIvEThe objective of this plan is to generate returns that are commensurate with the performance of the nIFTy, subject to tracking errors.

l FuND MaNagEr ¥






l TraCKINg ErrOrAnnualised tracking error is calculated based on daily rolling returns for the last 12 months: 0.09%



l BENCHMarK INDExnIFTy 50 Index (Total Returns Index)



load of 1.00% is payable if units are redeemed / switched-out within 3 months from the date of allotment.

l no Exit load is payable if units are redeemed / switched-out after 3 months from the date of allotment.







HDFC Index Fund NIFTY Plan (An open-ended Index Linked scheme)


l Returns that are commensurate with the performance of the nIFTy, subject to tracking errors over long term.

l Investment in equity securities covered by the nIFTy.




SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # nIFTy 50 Index (Total Returns Index) ## S&p BSE SEnSEx. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.











Kotak Mahindra Bank ltd. Banks 3.06




Cash, Cash Equivalents and net Current Assets -0.69

grand Total 100.00



0.500.610.710.730.810.860.951.121.361.532.963.083.80

5.637.998.61

10.3210.43

13.0525.64

0 5 10 15 20 25 30

Telecom - Equipment & AccessoriesAuto Ancillaries

GasNon - Ferrous Metals

TransportationMedia And Entertainment

Ferrous MetalsMinerals/Mining

Telecom - ServicesOil

PowerCement

Construction ProjectPharmaceuticals

FinancePetroleum Products

Consumer Non DurablesAuto

SoftwareBanks



returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 50 Index (Total Returns Index). ## S&p BSE SEnSEx. Since inception returns are calculated on ` 10.3260 (allotment price). For performance of other schemes managed by Krishan Kumar Daga, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 68.


£ Co-sponsor


l INvESTMENT OBjECTIvEThe objective of this plan is to invest 80% to 90% of the net assets of the plan in companies whose securities are included in SEnSEx and between 10% & 20% of the net assets in companies whose securities are not included in the SEnSEx.

l FuND MaNagEr ¥








l BENCHMarK INDExS&p BSE SEnSEx (Total Returns Index)



load of 1.00% is payable if units are redeemed / switched-out within 30 days from the date of allotment.

l no Exit load is payable if units are redeemed / switched-out after 30 days from the date of allotment.







HDFC Index Fund SENSEX Plus Plan (An open-ended Index Linked scheme)



l Investment in equity securities of 80% to 90% of the net assets of the plan in companies whose securities are included in SEnSEx and between 10% & 20% of the net assets in companies whose securities are not included in the SEnSEx.




returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # S&p BSE SEnSEx (Total Returns Index) ## nIFTy 50 Index. Since inception returns are calculated on ` 32.1610. For performance of other schemes managed by Krishan Kumar Daga, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 68.


SIp10 year

SIp5 year

SIp3 year

SIp1 year


past performance may or may not be sustained in the future. # S&p BSE SEnSEx (Total Returns Index) ## nIFTy 50 Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.











Solar Industries India ltd. Chemicals 2.92





grand Total 100.00



0.760.981.031.181.271.311.471.602.472.92

4.044.04

5.467.59

9.429.81

11.2011.56

21.66

0 5 10 15 20 25

GasTransportationFerrous Metals

Minerals/MiningPesticides

Industrial ProductsTelecom - Services

OilPower

ChemicalsConstruction Project

CementPharmaceuticals

FinancePetroleum Products

AutoConsumer Non Durables

SoftwareBanks



£ Co-sponsor


HDFC Balanced Fund (An open-ended balanced scheme)

portfolio - Top 10 HoldingsIssuer Industry+/rating % to NavEquity & Equity relatedHDFC Bank ltd. Banks 5.11Reliance Industries ltd. petroleum products 3.96larsen & Toubro ltd. Construction project 3.25ICICI Bank ltd. Banks 2.90ITC ltd. Consumer non Durables 2.85State Bank of India Banks 2.75Infosys ltd. Software 2.60Tube Investments of India ltd. Auto Ancillaries 2.47power Grid Corporation of India ltd. power 2.09Indusind Bank ltd. Banks 1.94Total of Top Ten Holdings 29.92Total Equity & Equity related Holdings 69.85g-SEC, CrEDIT ExpOSurEGovernment Securities Sovereign 17.54Housing Development Finance Corporation ltd.£ CRISIl - AAA 2.13Bank of India CRISIL - A+ 0.98Cholamandalam Investment and Finance Company ltd. ICRA - AA 0.75Shriram Transport Finance Co. ltd. CRISIL - AA+ 0.75Tata Sons ltd. CRISIl - AAA 0.53oriental Bank of Commerce CARE - AA / FITCH - A+ 0.52State Bank of India CRISIL - AA+, AAA 0.51Small Industries Development Bank of India CARE - AAA 0.50HDFC Bank ltd. CRISIl - AAA 0.50Total of Top Ten Holdings 24.71Total g-Sec, Credit Exposure 26.24Cash, Cash Equivalents and net Current Assets 3.91grand Total 100.00For complete portfolio, please visit www.hdfcfund.com

This product is suitable for investors who are seeking ~ riskometerl Capital appreciation along with current income over

long term.l Investment predominantly in equity and equity related

instruments with balance exposure to debt and money market instruments.

Investors understand that their principal will be at moderately high risk~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


0.400.460.490.500.640.781.051.051.221.421.882.162.182.212.582.693.383.504.004.054.355.625.65

17.59

0 2 4 6 8 1012141618Retailing

PaperMedia And Entertainment

Industrial Capital GoodsTrading

PesticidesConstruction

Ferrous MetalsTelecom - Services

Consumer DurablesHotels, Resorts & Other Recreational Activities

Industrial ProductsOil

ChemicalsFinance

PowerAuto

PharmaceuticalsConsumer Non Durables

Auto AncillariesSoftware

Construction ProjectPetroleum Products

Banks

Equity 69.85G-Sec 17.54Credit Exposure 8.70Cash, Cash Equivalents and net Current Assets 3.91

Equity 69.85Sovereign 17.54AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 4.13AA+ & Below 4.57Cash, Cash Equivalents and net Current Assets 3.91

Portfolio Classification by Asset Class (%) Portfolio Classification by Rating Class (%)


SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 1,990.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 10,367.98 7,764.16 2,946.82 957.32 448.76 133.27returns (annualised) (%) 17.74 17.64 17.12 18.77 14.87 21.23Benchmark Returns (Annualised) (%) # N.a. 11.39 9.75 10.97 9.26 14.83Addl. Benchmark Ret. (Annualised) (%) ## 13.42 13.16 9.73 11.15 8.38 17.97

past performance may or may not be sustained in the future. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index n.A. not Available. Assuming ̀ 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

l INvESTMENT OBjECTIvETo generate capital appreciation along with current income from a combined portfolio of equity & equity related and debt and money market instruments.

l FuND MaNagEr ¥

Chirag Setalvad (since April 2, 07) Total Experience - over 17 years




l quaNTITaTIvE DaTaportfolio Turnover Ratio (last 1 year) 20.65%Average Maturity * 9.15 yearsModified Duration * 5.23 yearsyield to Maturity * 7.19%* Computed on the invested amount for debt portfolio.



l BENCHMarK INDExCRISIl Balanced Fund - Aggressive Index


l ExIT lOaD

l In respect of each purchase / switch-in of units, upto 15% of the units may be redeemed without any exit load from the date of allotment.

l Any redemption in excess of the above limit shall be subject to the following exit load:

n Exit load of 1.00% is payable if units are redeemed / switched-out within 1 year from the date of allotment of units.







For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience - over 10 years).


returns (%)

Benchmark returns

(%)#


returns (%) ##

value of ` 10,000 investedScheme (`) Benchmark

(`)#additional

Benchmark (`)##

Mar 31, 16 last 1 year 23.26 16.10 18.55 12,326 11,610 11,855Mar 31, 14 last 3 years 20.91 11.36 11.01 17,686 13,812 13,684Mar 30, 12 last 5 years 17.51 11.11 11.60 22,425 16,945 17,324Sep 11, 00 Since Inception 16.81 n.A. 11.75 131,068 n.A. 62,991

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.


£ Co-sponsor


l INvESTMENT OBjECTIvETo provide periodic returns and capital appreciation over a long period of time, from a judicious mix of equity and debt investments, with the aim to prevent / minimise any capital erosion. under normal circumstances, it is envisaged that the debt : equity mix would vary between 25:75 and 40:60 respectively. This mix may achieve the investment objective, may result in regular income, capital appreciation and may also prevent capital erosion.










l ExIT lOaDl In respect of each purchase / switch-in of units, upto 15%

of the units may be redeemed without any exit load from the date of allotment.



l no Exit load is payable if units are redeemed / switched-out after 1 year from the date of allotment..





l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.For Tax Benefits / Consequences, Please refer to page 46§ Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience - over 10 years).

HDFC Prudence Fund (An open-ended balanced scheme)

This product is suitable for investors who are seeking ~ riskometerl periodic income with capital appreciation and

prevention of capital erosion over long term.

l Investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments.



SIp15 year

SIp10 year

SIp5 year

SIp3 year

SIp1 year

SIpTotal Amount Invested (` ‘000) 2,780.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $$ 50,664.98 9,190.25 2,792.26 937.59 447.77 136.29returns (annualised) (%) $$ 20.83 19.55 16.12 17.91 14.71 26.24Benchmark Returns (Annualised) (%) # N.a. 11.39 9.75 10.97 9.26 14.83Addl. Benchmark Ret. (Annualised) (%) ## 11.91 13.16 9.73 11.15 8.38 17.97

past performance may or may not be sustained in the future. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index. n.A. not Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan-Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.

portfolio - Top 10 HoldingsIssuer Industry+/rating % to NavEquITY & EquITY rElaTEDState Bank of India Banks 7.76larsen & Toubro ltd. Construction project 6.17ICICI Bank ltd. Banks 6.00Infosys ltd. Software 5.31Reliance Industries ltd. petroleum products 3.22Tata Steel ltd. Ferrous Metals 2.93Maruti Suzuki India ltd. Auto 1.72Bank of Baroda Banks 1.43Rural Electrification Corporation Ltd. Finance 1.39Adani ports and SpecialEconomic Zone ltd. Transportation 1.35Total of Top Ten Holdings 37.28INvESTMENT IN aDr/gDr/FOrEIgN SECurITIESCognizant Technology Solutions Corp Software 0.19Total Equity & Equity related Holdings 74.24g-SEC, CrEDIT ExpOSurEGovernment Securities Sovereign 10.11State Bank of India CRISIL - AA+ 6.49Canara Bank FITCH - AA 1.85union Bank of India FITCH - AA 1.51IDBI Bank ltd. CRISIl - A / ICRA - A 1.13Axis Bank ltd. CRISIl - AA 0.74Syndicate Bank CARE - AA- 0.66HDFC Bank ltd. CRISIl - AAA 0.63Bank of India CRISIL - A+ 0.40oriental Bank of Commerce FITCH - A+ 0.11Total of Top Ten Holdings 23.63Total g-Sec, Credit Exposure 23.93Short Term Deposits as margin for Futures & options 0.08Cash margin/ Earmarked cash for Futures & options 0.07Cash, Cash Equivalents and net Current Assets 1.68grand Total 100.00For complete portfolio, please visit www.hdfcfund.comInvestment in Foreign Securities (` in Crore) 38.41


Portfolio Classification by Asset Class (%)


0.040.070.090.120.210.250.430.640.800.850.991.001.051.101.271.351.391.591.611.721.782.093.293.623.833.894.21

7.177.72

20.07

0 5 10 15 20 25Textile Products

Diversified Consumer ServicesTelecom - ServicesTextiles - Synthetic

Non - Ferrous MetalsTelecom - Equipment & Accessories

Consumer Non DurablesCommercial Services

Industrial ProductsGas

ConstructionRetailing

ChemicalsOil

Media And EntertainmentPesticides

FinanceTransportation

CementPharmaceuticals

Consumer DurablesAuto Ancillaries

AutoFerrous Metals

PowerIndustrial Capital Goods


SoftwareBanks



Portfolio Classification by Rating Class (%)


returns (%) $$

Benchmark returns

(%)#


returns (%) ##

value of ` 10,000 investedScheme (`)

$$Benchmark

(`)#additional

Benchmark (`)##

Mar 31, 16 last 1 year 29.53 16.10 18.55 12,953 11,610 11,855Mar 31, 14 last 3 years 19.93 11.36 11.01 17,260 13,812 13,684Mar 30, 12 last 5 years 16.25 11.11 11.60 21,250 16,945 17,324Feb 01, 94 Since Inception 19.25 n.A. 9.06 591,565 n.A. 74,588

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance.Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth options are assumed to be reinvested in the units of the Scheme at the then prevailing nAV (ex-dividend nAV). n.A.: not Available. For performance of other schemes managed by prashant Jain, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 61.


l INvESTMENT OBjECTIvETo generate long term capital appreciation.

l FuND MaNagEr ¥



Nav Nav pEr uNIT (`)Regular plan 100.337Direct plan 103.465






l ExIT lOaDl For units subject to lock-in period: nIll For units not subject to lock-in period: n 3.00% if the units are redeemed / switched-out within

one year from the date of allotment; n 2.00% if the units are redeemed / switched-out between

the first and second year from the date of allotment; n 1.00% if the units are redeemed / switched-out between

the second and third year from the date of allotment; n nil if the units are redeemed / switched-out after third

year from the date of allotment.For further details, please refer to para ‘Exit load’ on pg 46.


l OpTIONSnil


l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days (Redemption is subject to completion of lock-in period, if opted).

l lOCK-IN pErIODIf opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from the date of allotment which ever is later.


Mr Rakesh Vyas (Total Experience - over 10 years).Ω Eligibility (of Unit holder) : Children less than 18 years of

age as on the date of investment by the Investor / Applicant are eligible as unit holders in the Scheme.

π Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of 80 years) of the unit holder, equivalent to 10 times the cost value of the outstanding units held by the unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10 lakhs per unit holder. The insurance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy.

HDFC Children’s Gift Fund Investment Plan (An open-ended balanced scheme) Ω π

This product is suitable for investors who are seeking ~ riskometerl Capital appreciation over long term.

l Investment in equity and equity related instruments as well as debt and money market instruments.



SIp15 year

SIp10 year

SIp5 Year

SIp3 Year

SIp1 Year

SIpTotal Amount Invested (` ‘000) 1,930.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $ 8,952.79 7,294.40 2,924.67 927.91 441.62 133.00returns (annualised) (%) $ 17.13 16.93 16.98 17.49 13.75 20.79Benchmark Returns (Annualised) (%) # N.a. 11.39 9.75 10.97 9.26 14.83Addl. Benchmark Ret. (Annualised) (%) ## 13.51 13.16 9.73 11.15 8.38 17.97

past performance may or may not be sustained in the future. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index. n.A. not Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan-Growth Option. Load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC/Mutual Fund is not guaranteeing or promising or forecasting any returns.


returns (%) $

Benchmark returns

(%)#


returns (%) ##

value of ` 10,000 investedScheme (`)

$Benchmark

(`)#additional

Benchmark (`)##

Mar 31, 16 last 1 year 22.62 16.10 18.55 12,262 11,610 11,855Mar 31, 14 last 3 years 18.13 11.36 11.01 16,491 13,812 13,684Mar 30, 12 last 5 years 17.25 11.11 11.60 22,174 16,945 17,324Mar 02, 01 Since Inception 17.31 n.A. 12.88 130,438 n.A. 70,224

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments. # CRISIl Balanced Fund - Aggressive Index ## nIFTy 50 Index. $ Adjusted for Bonus units declared under the Scheme. n.A.: not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.

portfolio - Top 10 HoldingsIssuer Industry+/rating % to

Nav

EquITY & EquITY rElaTEDHDFC Bank ltd. Banks 5.18Reliance Industries ltd. petroleum products 4.26ICICI Bank ltd. Banks 3.41State Bank of India Banks 3.32Infosys ltd. Software 3.29larsen & Toubro ltd. Construction project 2.72Motherson Sumi Systems ltd. Auto Ancillaries 2.37Britannia Industries ltd. Consumer non

Durables 1.85Vedanta ltd. non - Ferrous Metals 1.79Fag Bearings India ltd. Industrial products 1.74Total of Top Ten Holdings 29.93


g-SEC, CrEDIT ExpOSurEGovernment Securities Sovereign 14.64Tata Motors Finance ltd. CRISIl - AA 2.42Tata Sons ltd. CRISIl - AAA 2.23State Bank of India CRISIL - AA+ 0.69Vedanta ltd. CRISIl - AA- 0.35Total g-Sec, Credit Exposure 20.33


grand Total 100.00



0.040.210.510.720.991.061.361.361.401.641.792.152.412.782.813.313.574.054.264.84

6.9010.72

14.89

0 2 4 6 8 10121416Transportation

FertilisersIndustrial Capital Goods

Telecom - ServicesFerrous Metals

ConstructionPower

PesticidesTelecom - Equipment & AccessoriesHotels, Resorts & Other Recreational Activities

Non - Ferrous MetalsMedia And Entertainment

Consumer DurablesAuto

Consumer Non DurablesFinance

PharmaceuticalsAuto Ancillaries


SoftwareIndustrial Products

Banks







HDFC Children’s Gift Fund Savings Plan (An open-ended balanced scheme) Ω π

l INvESTMENT OBjECTIvETo generate long term capital appreciation.

l FuND MaNagEr ¥





l quaNTITaTIvE DaTaAverage Maturity * 7.02 yearsModified Duration * 4.32 yearsyield to Maturity * 7.19%* Computed on the invested amount for debt portfolio.


l BENCHMarK INDExCRISIl MIp Blended Index


l ExIT lOaDl For units subject to lock-in period: nIll For units not subject to lock-in period: n 3.00% if the units are redeemed / switched-out within

one year from the date of allotment; n 2.00% if the units are redeemed / switched-out between

the first and second year from the date of allotment; n 1.00% if the units are redeemed / switched-out between

the second and third year from the date of allotment; n nil if the units are redeemed / switched-out after third

year from the date of allotment.For further details, please refer to para ‘Exit load’ on pg 46.


l OpTIONSnil



l lOCK-IN pErIODIf opted : Until the Unit holder (being the beneficiary child) attains the age of 18 years or until completion of 3 years from the date of allotment which ever is later.


Mr Rakesh Vyas (Total Experience - over 10 years).Ω Eligibility (of Unit holder) : Children less than 18 years of

age as on the date of investment by the Investor / Applicant are eligible as unit holders in the Scheme.

π Personal Accident Insurance Cover for Parent / Legal Guardian (upto the age of 80 years) of the unit holder, equivalent to 10 times the cost value of the outstanding units held by the unit holder under all the applications / account statements / folios, subject to a maximum amount of ` 10 lakhs per unit holder. The insurance premium in respect of the personal accident insurance cover will be borne by the AMC. This accident insurance cover is subject to conditions of the group personal accident insurance policy.


SIp15 year

SIp10 year

SIp5 Year

SIp3 Year

SIp1 Year

SIpTotal Amount Invested (` ‘000) 1,930.00 1,800.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) $ 4,965.53 4,295.51 2,165.76 808.90 423.53 127.06returns (annualised) (%) $ 10.85 10.79 11.37 11.91 10.86 11.15Benchmark Returns (Annualised) (%) # N.a. 8.70 9.08 10.28 10.16 10.16Addl. Benchmark Ret. (Annualised) (%) ## N.a. 7.01 7.79 9.58 10.98 10.04

past performance may or may not be sustained in the future. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. n.A. not Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


returns (%) $

Benchmark returns

(%)#


returns (%) ##


Scheme (`) $

Benchmark (`)#


(`)##Mar 31, 16 last 1 year 14.05 12.30 11.87 11,405 11,230 11,187Mar 31, 14 last 3 years 13.58 11.37 11.43 14,659 13,818 13,839Mar 30, 12 last 5 years 11.32 9.92 8.79 17,108 16,052 15,248Mar 02, 01 Since Inception 11.16 n.A. n.A. 54,884 n.A. n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. $ Adjusted for Bonus units declared under the Scheme. n.A.: not Available. For performance of other schemes managed by Chirag Setalvad, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.


Nav


Infosys ltd. Software 0.91ICICI Bank ltd. Banks 0.91Blue Star ltd. Consumer Durables 0.85State Bank of India Banks 0.83Banco products (I) ltd. Auto Ancillaries 0.80Suprajit Engineering ltd. Auto Ancillaries 0.79Vesuvius India ltd. Industrial products 0.79Indian Bank Banks 0.78Sundram Fasteners ltd. Auto Ancillaries 0.76Carborundum universal ltd. Industrial products 0.75Total of Top Ten Holdings 8.17Total Equity & Equity related Holdings 19.90

Issuer Industry+/rating % to Nav

g-SEC, CrEDIT ExpOSurE

Government Securities Sovereign 50.61

Tata Motors Finance ltd. CRISIl - AA 8.53

Tata Sons ltd. CRISIl - AAA 5.08

power Finance Corporation ltd. CRISIl - AAA 3.52

State Bank of India CRISIL - AA+, AAA 3.32

Vedanta ltd. CRISIl - AA- 2.85

Total g-Sec, Credit Exposure 73.91


grand Total 100.00







This product is suitable for investors who are seeking ~ riskometerl Capital appreciation over medium to long term.l Investment in debt and money market instruments as

well as equity and equity related instruments.

Investors understand that their principal will be at moderate risk~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


l INvESTMENT OBjECTIvEThe investment objective of the Investment plans offered under the Scheme is to generate a corpus to provide for pension to an investor in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing in a mix of securities comprising of equity, equity related instruments and/or Debt/Money Market Instruments.

l FuND MaNagEr ¥

Chirag Setalvad (Equities) (since February 25, 2016) Total Experience - over 17 years &Shobhit Mehrotra (Debt) (since February 25, 2016) Total Experience: over 24 years




l quaNTITaTIvE DaTa

portfolio Turnover Ratio nil




l ExIT lOaDl (upon completion of lock-in period of 5 years) In respect

of each purchase/switch-in of units offered under the respective Investment plan(s):-

n An Exit load of 1% is payable if units are redeemed/switched-out before completion of 60 years of age;

n no Exit load is payable if units are redeemed/switched-out on or after attainment of 60 years of age.;

no Exit load shall be imposed for switching between Investment plan(s) and plans/options within the Investment plan(s), subject to completion of lock-in period.



l OpTIONSunder Each plan offers Growth option only.



l lOCK-IN pErIODunits purchased cannot be assigned / transferred / pledged / redeemed / switched out until completion of 5 years from the date of allotment of units under the Scheme. upon completion of lock-in period, subsequent switches of units within the Scheme shall not be subject to further lock-in period.


Mr Rakesh Vyas (Total Experience - over 10 years).


This product is suitable for investors who are seeking ~ riskometerl A corpus to provide for pension in the form of income

to the extent of the redemption value of their holding after the age of 60 years.



HDFC Retirement Savings Fund Equity Plan(An open-ended notified Tax Savings Cum Pension Scheme with no assured returns)

Company Industry+/rating % to Nav


HDFC Bank ltd. Banks 8.25Reliance Industries ltd. petroleum products 6.49larsen & Toubro ltd. Construction project 4.78ICICI Bank ltd. Banks 4.06State Bank of India Banks 3.42Indusind Bank ltd. Banks 2.89Aurobindo pharma ltd. pharmaceuticals 2.67Tata Motors ltd. DVR Auto 2.58Tube Investments ofIndia ltd. Auto Ancillaries 2.51Carborundum universal ltd. Industrial products 2.35Total of Top Ten Holdings 40.00


Credit Exposure

Syndicate Bank CARE - AA- 1.85

union Bank of India FITCH - AA 1.56



grand Total 100.00



0.690.971.171.221.591.641.811.942.232.292.782.793.103.853.943.985.085.126.517.818.49

25.14

0 5 10 15 20 25 30Oil

Media And EntertainmentTradingFinance

PaperFerrous Metals


Non - Ferrous MetalsHotels, Resorts & Other Recreational Activities

Consumer DurablesPower

Industrial Capital GoodsAuto AncillariesPharmaceuticals

AutoSoftware

ChemicalsConstruction Project

Industrial ProductsPetroleum Products

Banks



returns (%)

Benchmark returns

(%)#


returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 last 1 year 30.02 23.91 18.55 13,002 12,391 11,855Feb 25, 16 Since Inception 38.36 33.68 28.48 14,274 13,745 13,161

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # nIFTy 500 Index ## nIFTy 50 Index. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 46. The Scheme is in existence for more than 1 year but less than 3 years. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 78.



l FuND MaNagEr ¥





l quaNTITaTIvE DaTa

portfolio Turnover Ratio 0.75%


l BENCHMarK INDExCRISIl Balanced Fund Index


















l Investment predominantly in equity and equity related instruments & balance in debt and money market instruments.


HDFC Retirement Savings Fund Hybrid Equity Plan(An open-ended notified Tax Savings Cum Pension Scheme with no assured returns)

Company Industry+/rating % to Nav

EquITY & EquITY rElaTEDHDFC Bank ltd. Banks 5.03Reliance Industries ltd. petroleum products 4.25larsen & Toubro ltd. Construction project 3.72State Bank of India Banks 2.92Tube Investments of India ltd. Auto Ancillaries 2.08ICICI Bank ltd. Banks 2.03City union Bank ltd. Banks 1.98Infosys ltd. Software 1.93Vedanta ltd. non - Ferrous Metals 1.93Carborundum universal ltd. Industrial products 1.90Total of Top Ten Holdings 27.77Total Equity & Equity related Holdings 74.42g-SEC, CrEDIT ExpOSurEState Bank of India CRISIL - AA+ 8.58Government Securities Sovereign 5.12Syndicate Bank CARE - AA- 3.67Reliance Jio Infocomm limited CRISIl - AAA 2.67IDBI Bank ltd. ICRA - A 2.31Total g-Sec, Credit Exposure 22.35Cash, Cash Equivalents and net Current Assets 3.23

grand Total 100.00



0.870.960.971.201.261.441.711.932.262.282.412.552.633.133.743.885.135.315.79

7.9117.06

0 2 4 6 8 10 12 14 16 18

Media And EntertainmentTradingFinance

PaperFerrous Metals


Non - Ferrous MetalsHotels, Resorts & Other Recreational Activities

PowerPharmaceuticals

Industrial Capital GoodsAuto

ChemicalsConsumer Durables

SoftwareAuto Ancillaries


Industrial ProductsBanks



returns (%)

Benchmark returns

(%)#


returns (%) ##


Scheme (`)

Benchmark (`)#



past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. # CRISIl Balanced Fund – Aggressive Index ## nIFTy 50 Index. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 78.



l FuND MaNagEr ¥























Nav

EquITY & EquITY rElaTEDSundram Fasteners ltd. Auto Ancillaries 1.19HDFC Bank ltd. Banks 1.08Blue Star ltd. Consumer Durables 0.76Mahanagar Gas ltd. Gas 0.70Infosys ltd. Software 0.68Time Technoplast ltd. Industrial products 0.68ICICI Bank ltd. Banks 0.61State Bank of India Banks 0.61City union Bank ltd. Banks 0.60Vesuvius India ltd. Industrial products 0.60Total of Top Ten Holdings 7.51



g-SEC, CrEDIT ExpOSurEGovernment Securities Sovereign 34.22State Bank of India CRISIL - AA+ 9.95HpCl-Mittal pipelines limited FITCH - AA 6.17Syndicate Bank CARE - AA- 4.59union Bank of India FITCH - AA 4.52Reliance Jio Infocomm limited CRISIl - AAA 4.45IDBI Bank ltd. ICRA - A 1.54oriental Bank of Commerce FITCH - A+ 0.68Total g-Sec, Credit Exposure 66.12Cash, Cash Equivalents and net Current Assets 12.69

grand Total 100.00









l Investment predominantly in debt and money market instruments & balance in equity and equity related instruments.


HDFC Retirement Savings Fund Hybrid Debt Plan(An open-ended notified Tax Savings Cum Pension Scheme with no assured returns)


returns (%)

Benchmark returns

(%)#


returns (%) ##


Scheme (`)

Benchmark (`)#



past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. # CRISIl MIp Blended Index ## 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. For performance of other schemes managed by Chirag Setalvad (Equities) and Shobhit Mehrotra (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 78.


l INvESTMENT OBjECTIvETo generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. Monthly Income is not assured & is subject to availability of distributable surplus.

l FuND MaNagEr ¥

vinay Kulkarni (Equities) (since november 21, 06) Total Experience: over 26 years &Shobhit Mehrotra (Debt) (since February 16, 04) Total Experience: over 24 years

l INCEpTION DaTE (Date of allotment)December 26, 2003

Nav Nav pEr uNIT (`)Regular plan - Growth option 28.6639Regular plan - Monthly Dividend option 11.4859Regular plan - quarterly Dividend option 11.8732Direct plan - Growth option 29.5627Direct plan - Monthly Dividend option 12.1488Direct plan - quarterly Dividend option 12.3116






l ExIT lOaDl In respect of each purchase / switch-in of units, 15% of

the units (“the limit”) may be redeemed without any exit load from the date of allotment.

l Any redemption in excess of the limit shall be subject to the following exit load:





l OpTIONSunder Each plan : Growth, Monthly Dividend & quarterly Dividend option. The Dividend option offers Dividend payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTpurchase :(Growth & quarterly Dividend option) - ` 5,000 and any amount thereafter.(Monthly Dividend option) - ̀ 25,000 and any amount thereafter.Additional purchase : ` 1,000 and any amount thereafter.




This product is suitable for investors who are seeking ~ riskometerl Regular income over medium to long term.

l Investment in debt and money market instruments as well as equity and equity related instruments.



SIp10 year

SIp5 Year

SIp3 Year

SIp1 Year


past performance may or may not be sustained in the future. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


HDFC MF MIP - Short Term Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus)


returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 13.67 12.30 11.87 11,367 11,230 11,187Mar 31, 14 last 3 years 10.66 11.37 11.43 13,556 13,818 13,839Mar 30, 12 last 5 years 9.47 9.92 8.79 15,731 16,052 15,248Dec 26, 03 Since Inception 8.26 8.01 5.75 28,664 27,790 21,000

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. For performance of other schemes managed by Vinay Kulkarni (Equities) and Shobhit Mehrotra (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 76.

Equity 20.41G-Sec, SDl 38.82Credit Exposure 31.95Cash, Cash Equivalents and net Current Assets 8.82




Face Value per unit: ̀ 10 unless otherwise specified, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of March 31, 2017 unless otherwise specified.


EquITY & EquITY rElaTEDnHpC ltd. power 1.47State Bank of India Banks 1.43Bank of Baroda Banks 1.40ICICI Bank ltd. Banks 1.35KEC International ltd. Construction project 1.23HDFC Bank ltd. Banks 0.94Blue Star ltd. Consumer Durables 0.83Century Textiles & Industries ltd. Cement 0.82Solar Industries India ltd. Chemicals 0.78Cipla ltd. pharmaceuticals 0.77Total of Top Ten Holdings 11.02Total Equity & Equity related Holdings 20.41g-SEC, SDl, CrEDIT ExpOSurEGovernment Securities Sovereign 38.82State Bank of India CRISIL - AA+, AAA 4.94


Hindalco Industries ltd. CRISIl - AA- 3.42lIC Housing Finance ltd. CRISIl - AAA 3.26oriental Bank of Commerce FITCH - A+ 2.35Rural ElectrificationCorporation ltd. CRISIl - AAA 2.12Tata Steel ltd. CARE - AA- 1.77Export - Import Bank of India CRISIl - AAA 1.73India Infoline Housing Finance ltd. CRISIl - AA 1.70Syndicate Bank CARE - AA- 1.69


Total g-Sec, SDl, Credit Exposure 70.77


grand Total 100.00For complete portfolio, please visit www.hdfcfund.com


l INvESTMENT OBjECTIvETo generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. Monthly Income is not assured & is subject to availability of distributable surplus.

l FuND MaNagEr ¥

prashant jain (Equities) (since December 26, 03) Total Experience: over 26 years &Shobhit Mehrotra (Debt) (since September 1, 07) Total Experience: over 24 years

l INCEpTION DaTE (Date of allotment)December 26, 2003

Nav Nav pEr uNIT (`)Regular plan - Growth option 41.4235Regular plan - Monthly Dividend option 14.4554Regular plan - quarterly Dividend option 14.9972Direct plan - Growth option 42.2775Direct plan - Monthly Dividend option 14.8125Direct plan - quarterly Dividend option 15.3720








l Any redemption in excess of the limit shall be subject to the following exit load:





l OpTIONSunder Each plan : Growth, Monthly Dividend & quarterly Dividend option. The Dividend option offers Dividend payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTpurchase :(Growth & quarterly Dividend option) - ` 5,000 and any amount thereafter.(Monthly Dividend option) - ̀ 25,000 and any amount thereafter.Additional purchase : ` 1,000 and any amount thereafter.




This product is suitable for investors who are seeking ~ riskometerl Regular income over medium to long term.

l Investment in debt and money market instruments as well as equity and equity related instruments.



SIp10 year

SIp5 Year

SIp3 Year

SIp1 Year


past performance may or may not be sustained in the future. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


HDFC MF MIP - Long Term Plan (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus)


returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 16.89 12.30 11.87 11,689 11,230 11,187Mar 31, 14 last 3 years 13.30 11.37 11.43 14,550 13,818 13,839Mar 30, 12 last 5 years 11.28 9.92 8.79 17,073 16,052 15,248Dec 26, 03 Since Inception 11.30 8.01 5.75 41,424 27,790 21,000

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. # CRISIl MIp Blended Index ## CRISIl 10 year Gilt Index. For performance of other schemes managed by prashant Jain (Equities) and Shobhit Mehrotra (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 76.




Equity 25.01

G-Sec 35.70

Credit Exposure 34.74Cash, Cash Equivalents and net Current Assets 4.55



EquITY & EquITY rElaTEDState Bank of India Banks 2.47ICICI Bank ltd. Banks 2.37larsen & Toubro ltd. Construction project 1.69KEC International ltd. Construction project 1.24Infosys ltd. Software 1.23HDFC Bank ltd. Banks 0.96Sharda Cropchem ltd. pesticides 0.92Maruti Suzuki India ltd. Auto 0.85Apar Industries limited Industrial Capital

Goods 0.83pnC Infratech ltd. Construction 0.80Total of Top Ten Holdings 13.36






Bank of Baroda CARE - AA, AA+ 3.77Bank of India BRICKWoRKS - AA-

/ CRISIL - A+ 3.19Food Corporation of India (Corporate guarantee fromGovt of India) CRISIl - AAA(So) 2.94IDBI Bank ltd. CRISIl - A / ICRA - A 2.21State Bank of India CRISIl - AAA 1.81Tata Realty andInfrastructure ltd. CRISIl - AA 1.66TATA International ltd. CARE - A+ 1.60Canara Bank ICRA - AA 1.37Total of Top Ten Holdings 58.14



grand Total 100.00



l INvESTMENT OBjECTIvETo provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments.

l FuND MaNagEr ¥

vinay Kulkarni (Equities) (since november 21, 06) Total Experience: over 26 years Krishan Kumar Daga (Equities) (since January 08, 16) Total Experience: over 21 yearsanil Bamboli (Debt) (since September 17, 04) Total Experience: over 22 years




l quaNTITaTIvE DaTaportfolio Turnover Ratio 66.18% (w.e.f December 16, 2015)Average Maturity * 2.36 yearsModified Duration * 1.66 yearsyield to Maturity * 7.79%* Computed on the invested amount for debt portfolio.



l BENCHMarK INDEx40% CRISIl liquid Fund Index, 30% Crisil Short Term Bond Fund Index and 30% nIFTy 50


l ExIT lOaDl In respect of each purchase / switch-in of units, upto 15%

of the units may be redeemed without any exit load from the date of allotment.











HDFC Equity Savings Fund (An open-ended equity scheme)


Nav

EquITY & EquITY rElaTEDReliance Industries ltd. petroleum products 4.06ICICI Bank ltd. Banks 3.89Hindalco Industries ltd. non - Ferrous Metals 3.84larsen & Toubro ltd. Construction project 3.39State Bank of India Banks 2.64Axis Bank ltd. Banks 1.94ITC ltd. Consumer non

Durables 1.88Sun pharmaceuticals Industries ltd. pharmaceuticals 1.77Cairn India ltd. oil 1.68Asian paints limited Consumer non Durables 1.56Total of Top Ten Holdings 26.65Total Equity & Equity related Holdings 66.47CrEDIT ExpOSurE Housing Development Finance Corporation ltd.£ CRISIl - AAA 10.48union Bank of India FITCH - AA 3.92national Bank for Agriculture & Rural Development CRISIl - AAA 3.28Canara Bank FITCH - AA 3.22Repco Home Finance ltd ICRA - AA- 1.82Mahindra & Mahindra Financial Services ltd. FITCH - AAA 1.62lIC Housing Finance ltd. CRISIl - AAA 1.34Syndicate Bank CARE - AA- 1.31State Bank of India CRISIL - AA+ 1.31power Finance Corporation ltd. CRISIl - AAA 0.47Total of Top Ten Holdings 28.77Total Credit Exposure 28.77Short Term Deposits as margin for Futures & options 6.67Cash, Cash Equivalents and net Current Assets -1.91

grand Total 100.00For complete portfolio, please visit www.hdfcfund.comoutstanding exposure in derivative instruments (` in Crore) 224.10

Hedged position in Equity & Equity related instrumentsoutstanding derivative exposure (% age) 29.28

£ Co-sponsor

This product is suitable for investors who are seeking ~ riskometerl Capital appreciation while generating income over

medium to long term.l provide capital appreciation and income distribution

to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.


SIp pErFOrMaNCE - Regular plan - Growth optionSince Inception SIp 10 year SIp 5 Year SIp 3 Year SIp 1 Year SIp

Total Amount Invested (` ‘000) 1,510.00 1,200.00 600.00 360.00 120.00Mkt Value as on March 31, 2017 (` ‘000) 3,005.00 2,100.34 812.47 438.87 133.48returns (annualised) (%) 10.37 10.79 12.09 13.31 21.57Benchmark Returns (Annualised) (%) # 9.30 8.94 9.98 8.22 13.40Addl. Benchmark Ret. (Annualised) (%) ## 7.43 7.79 9.58 10.98 10.04

past performance may or may not be sustained in the future. # 30% NIFTY 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index ## CRISIl 10 year Gilt Index. n.A. not Available. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.


returns (%)

Benchmark returns

(%)#


returns (%) ##

value of ` 10,000 investedScheme (`) Benchmark

(`)#additional

Benchmark (`)##

Mar 31, 16 last 1 year 23.23 13.95 11.87 12,323 11,395 11,187Mar 31, 14 last 3 years 12.04 9.98 11.43 14,069 13,307 13,839Mar 30, 12 last 5 years 10.56 10.35 8.79 16,525 16,372 15,248Sep 17, 04 Since Inception 9.86 10.67 6.24 32,529 35,662 21,376

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # 30% NIFTY 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index ## CRISIl 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made in equity instruments. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. load is not taken into consideration for computation of performance. For performance of other schemes managed by Vinay Kulkarni (Equities), Krishan Kumar Daga (Equities) and Anil Bamboli (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 77.


0.020.170.210.220.280.430.460.660.680.730.750.790.790.921.071.251.291.501.642.072.102.712.88

3.844.695.135.155.686.44

11.92

0 2 4 6 8 10 12Auto AncillariesMinerals/Mining

Industrial ProductsDiversifiedChemicals

Engineering ServicesGas

RetailingHotels, Resorts & Other Recreational Activities

Telecom - Equipment & AccessoriesMedia And Entertainment

Telecom - ServicesPesticides

ConstructionCement

PowerTransportation

SoftwareConsumer Durables

Industrial Capital GoodsFerrous Metals

OilFinance

Non - Ferrous MetalsConstruction Project

AutoPetroleum Products

PharmaceuticalsConsumer Non Durables

Banks

Equity 66.47AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 17.18AA+ & Below 11.59Cash, Cash Equivalents and net Current Assets 4.76



HDFC Multiple Yield Fund - Plan 2005 (An open-ended income scheme)

This product is suitable for investors who are seeking ~ riskometerl positive returns over medium term with low risk of

capital loss over medium term.l Investment in debt and money market instruments

with maturity of 15 months (85%) as well as equity and equity related instruments (15%).

Investors understand that their principal will be at moderate risk~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


SIp10 year

SIp5 Year

SIp3 Year

SIp1 Year


past performance may or may not be sustained in the future. # CRISIl MIp Blended Index ## CRISIl 1 year T-Bill Index. Assuming ` 10,000 invested systematically on the first Business Day of every month over a period of time. CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth option. load is not taken into consideration for computation of performance. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns.

l INvESTMENT OBjECTIvETo generate positive returns over medium time frame with low risk of capital loss over medium time frame.However, there can be no assurance that the investment objective of the Scheme will be achieved.

l FuND MaNagEr ¥

Chirag Setalvad (Equities) (since April 2, 07) Total Experience - over 17 years &anil Bamboli (Debt) (since August 17, 05) Total Experience: over 22 years

l INCEpTION DaTE (Date of allotment)August 17, 2005



l quaNTITaTIvE DaTaAverage Maturity * 134 daysModified Duration * 126 daysyield to Maturity * 6.53%* Computed on the invested amount for debt portfolio.















returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 12.70 12.30 7.15 11,270 11,230 10,715Mar 31, 14 last 3 years 11.19 11.37 7.85 13,750 13,818 12,549Mar 30, 12 last 5 years 10.29 9.92 7.54 16,330 16,052 14,387Aug 17, 05 Since Inception 9.60 8.47 6.22 29,037 25,733 20,171

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl MIp Blended Index ## CRISIl 1 year T-Bill Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Chirag Setalvad (Equities) and Anil Bamboli (Debt), please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 77.

Equity 19.13CD/Cp 31.82Credit Exposure 36.20Cash, Cash Equivalents and net Current Assets 12.85


Equity 19.13AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 56.30AA+ & Below 11.72Cash, Cash Equivalents and net Current Assets 12.85



Nav

EquITY & EquITY rElaTEDState Bank of India Banks 1.39Infosys ltd. Software 0.89Carborundum universal ltd. Industrial products 0.85Suprajit Engineering ltd. Auto Ancillaries 0.83Tata Motors ltd. DVR Auto 0.82Torrent pharmaceuticals ltd. pharmaceuticals 0.82Jagran prakashan ltd. Media And

Entertainment 0.82Sundram Fasteners ltd. Auto Ancillaries 0.81VST Industries ltd. Consumer non

Durables 0.79Banco products (I) ltd. Auto Ancillaries 0.78Total of Top Ten Holdings 8.80


CD/Cp, CrEDIT ExpOSurE

ICICI Bank ltd. CARE - A1+ 11.52

Credit Suisse AG CRISIL - A1+ 9.90


Export - Import Bank of India CRISIl - AAA 9.76

Housing Development Finance Corporation ltd.£ CRISIl - AAA 5.89

Shriram Transport Finance Co. ltd. CRISIL - AA+ 5.87

Cholamandalam Investment and Finance Company ltd. ICRA - AA 5.85


Adani ports and Special Economic Zone ltd. ICRA - A1+ 5.21

power Grid Corporation of India ltd. CRISIl - AAA 3.53

l&T Finance limited CARE - A1+ 2.87


Total CD/Cp, Credit Exposure 68.02


grand Total 100.00


£ Co-sponsor



HDFC Income Fund (An open-ended income scheme)

portfolio - Top 10 HoldingsIssuer rating % to

Nav



punjab national Bank FITCH - AA+ 10.08

national HighwaysAuthority of Indi CRISIl - AAA 6.29

State Bank of India CRISIL - AA+ 5.98

Tata power Co. ltd. CRISIl - AA- 2.98


oriental Bank of Commerce FITCH - A+ 1.70

nTpC ltd. CRISIl - AAA 1.37

Issuer rating % to Nav

Tata Steel ltd. CARE - AA- 1.36

Food Corporation of India (Corporate guarantee fromGovt of India) CRISIl - AAA(So) 1.36




grand Total 100.00



l Regular income over medium to long term.l To optimise returns while maintaining a balance of

safety, yield and liquidity by investment in debt and money market instruments.

Investors understand that their principal will be at moderate risk


l INvESTMENT OBjECTIvETo optimise returns while maintaining a balance of safety, yield and liquidity.

l FuND MaNagEr ¥

Shobhit Mehrotra (since September 11, 07) Total Experience: over 24 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 37.2809Regular plan - quarterly Dividend option 11.1012Regular plan - normal Dividend option 11.7557Direct plan - Growth option 38.6911Direct plan - quarterly Dividend option 11.5453Direct plan - normal Dividend option 12.2360





l BENCHMarK INDExCRISIl Composite Bond Fund Index


l ExIT lOaDnil


l OpTIONSunder Each plan : Growth, quarterly Dividend & normal Dividend. Both Dividend options offer payout and Reinvestment facility.





returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 10.30 11.09 11.87 11,030 11,109 11,187Mar 31, 14 last 3 years 10.65 11.26 11.43 13,553 13,778 13,839Mar 30, 12 last 5 years 8.93 9.45 8.79 15,342 15,712 15,248Sep 11, 00 Since Inception 8.27 n.A. n.A. 37,281 n.A. n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Composite Bond Fund Index ## CRISIl 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.

G-Sec 52.24Credit Exposure 38.08Cash, Cash Equivalents and net Current Assets 9.68


Sovereign 52.24AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 14.72AA+ & Below 23.36Cash, Cash Equivalents and net Current Assets 9.68



£ Co-sponsor


l INvESTMENT OBjECTIvETo generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximise income while maintaining the optimum balance of yield, safety and liquidity.

l FuND MaNagEr ¥

anil Bamboli (since February 16, 04) Total Experience: over 22 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 56.6308Regular plan - quarterly Dividend option 11.9842Regular plan - Half-yearly Dividend option 11.4513Regular plan - yearly Dividend option 12.6928Regular plan - normal Dividend option 12.1319Direct plan - Growth option 58.5939Direct plan - quarterly Dividend option 12.4012Direct plan - Half-yearly Dividend option 12.3046Direct plan - yearly Dividend option 13.1565Direct plan - normal Dividend option 12.3375


l quaNTITaTIvE DaTaAverage Maturity * 9.23 yearsModified Duration * 5.44 yearsyield to Maturity * 7.59%* Computed on the invested amount.










l OpTIONSunder Each plan : Growth, normal Dividend, quarterly Dividend, Half yearly Dividend, & yearly Dividend. All Dividend options offer payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTpurchase : ` 5,000 and any amount thereafter. Additional purchase : ` 1,000 and any amount thereafter.

l rEDEMpTION prOCEEDSnormally despatched within 3-4 Business Days.For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience - over 10 years).

HDFC High Interest Fund Dynamic Plan (An open-ended income scheme)



g-SEC, SDl, CD/Cp, CrEDIT ExpOSurE


power Finance Corporation ltd. CARE - AAA /CRISIl - AAA 4.43

State Bank of India CRISIL - AA+ 4.13



Axis Bank ltd. CRISIL - A1+, AA 2.64

Bank of India CRISIL - A+ 2.16


Hindalco Industries ltd. CRISIl - AA- 1.51


Mahanagar Telephone nigam ltd. (Corporate guarantee from Govt of India) CARE - AAA(So) 1.13


Total g-Sec, SDl, CD/Cp, Credit Exposure 92.72


grand Total 100.00



l Stable returns over medium to long term.l To maximize income while maintaining the optimum

balance of yield, safety and liquidity by investing in a range of debt and money market instruments of various maturity dates.



G-Sec, SDl 63.47CD/Cp 1.63Credit Exposure 27.62Cash, Cash Equivalents and net Current Assets 7.28






returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 11.06 11.09 11.87 11,106 11,109 11,187Mar 31, 14 last 3 years 11.09 11.26 11.43 13,714 13,778 13,839Mar 30, 12 last 5 years 9.92 9.45 8.79 16,056 15,712 15,248Apr 28, 97 Since Inception 9.09 n.A. n.A. 56,631 n.A. n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Composite Bond Fund Index ## CRISIl 10 year Gilt Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.

£ Co-sponsor


HDFC High Interest Fund Short Term Plan (An open-ended income scheme)


l Stable returns over short to medium term.l To maximize income while maintaining the optimum

balance of yield, safety and liquidity by investing in a range of debt and money market instruments of various maturity dates.





g-SEC, SDl, CrEDIT ExpOSurE



Rural ElectrificationCorporation ltd. CRISIl - AAA 7.16


HpCl-Mittal Energy limited FITCH - AA 4.16

TATA International ltd. CARE - A+ 4.08

Volkswagen Financeprivate limited FITCH - AAA 3.85


Reliance Jio Infocomm limited CRISIl - AAA 3.63

Toyota Financial Services India ltd CRISIl - AAA 2.99



Total g-Sec, SDl, Credit Exposure 95.33


grand Total 100.00



returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 10.33 9.10 7.15 11,033 10,910 10,715Mar 31, 14 last 3 years 9.56 9.29 7.85 13,154 13,056 12,549Mar 30, 12 last 5 years 9.21 9.15 7.54 15,544 15,499 14,387Feb 06, 02 Since Inception 8.13 n.A. 5.99 32,709 n.A. 24,151

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Short Term Bond Fund Index ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.



G-Sec, SDl 18.39Credit Exposure 76.94



l INvESTMENT OBjECTIvE

To generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity. The objective is to cater to the needs of investors with shorter term investment horizons and to provide stable returns over shorter periods.

l FuND MaNagEr ¥

Shobhit Mehrotra (since September 1, 07)

Total Experience: over 24 years

l INCEpTION DaTE (Date of allotment)

February 6, 2002

Nav Nav pEr uNIT (`)

Regular plan - Growth option 32.7085Regular plan - Dividend option 12.4103Regular plan - Fortnightly Dividend option 10.5895Direct plan - Growth option 33.3733Direct plan - Dividend option 12.4948Direct plan - Fortnightly Dividend option 10.6224

aSSETS uNDEr MaNagEMENT (`) IN CrOrE

As on March 31, 2017 1,959.39Average for Month of March 31, 2017 2,167.12

l quaNTITaTIvE DaTa

Average Maturity * 3.72 yearsModified Duration * 2.67 yearsyield to Maturity * 7.80%* Computed on the invested amount.

l TOTal ExpENSE raTIO (Weighted average for the month) €

Regular 1.20%Direct 0.62%


l BENCHMarK INDEx

CRISIl Short Term Bond Fund Index

l ENTrY lOaD

not Applicable.

l ExIT lOaD

nil

l plaNS

Regular plan, Direct plan

l OpTIONS

under both the plans : Growth, normal Dividend & Fortnightly Dividend. Both Dividend options offer payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNT

purchase : ` 5,000 and any amount thereafter. Additional purchase : ` 1,000 and any amount thereafter.

l rEDEMpTION prOCEEDS

normally despatched within 3-4 Business Days.



£ Co-sponsor


HDFC Short Term Plan (An open-ended income scheme)


g-SEC, CD/Cp, CrEDIT ExpOSurE

Tata Motors Finance ltd. CRISIl - AA 5.80




nirchem Cement limited(100% subsidairy of nirma ltd. & Holding Co. of lafarge India ltd.) CRISIl - AA 4.01

Sadbhav Infrastructure project ltd (Corporate Guarantee of Sadbhav Engineering ltd.) CARE - A+(SO) 3.78


Adani Transmission limited FITCH - AA+ 3.77

Adani power ltd. (Secured by Shares of Adani port & SEZ ltd.) CARE - AA-(So) 3.57

Trends in Vogue private limited (Axis Capital underwriting) ICRA - AAA(So) 3.38

national Bank for Agriculture & Rural Development CRISIl - AAA 3.18


Total g-Sec, CD/Cp, Credit Exposure 90.62


grand Total 100.00



l Regular income over short to medium term.l Investment in debt and money market instruments with

a short to medium term maturity (average maturity profile of 1-3 years).




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 9.53 9.10 7.15 10,953 10,910 10,715Mar 31, 14 last 3 years 9.95 9.29 7.85 13,296 13,056 12,549Mar 30, 12 last 5 years 9.46 9.15 7.54 15,723 15,499 14,387Feb 28, 02 Since Inception 8.10 n.A. 5.99 32,410 n.A. 24,056

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Short Term Bond Fund Index ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.

G-Sec 0.02CD/Cp 1.12Credit Exposure 89.48Cash, Cash Equivalents and net Current Assets 9.38


Sovereign 0.02AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 18.44AA+ & Below 71.56unrated 0.60Cash, Cash Equivalents and net Current Assets 9.38


l INvESTMENT OBjECTIvETo generate regular income through investment in Debt Securities and Money Market Instruments.

l FuND MaNagEr ¥

anil Bamboli (since January 13, 04) Total Experience: over 22 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 32.4098Regular plan - Dividend option 12.5348Regular plan - Monthly Dividend option 10.3769Direct plan - Growth option 32.9411Direct plan - Dividend option 12.5486Direct plan - Monthly Dividend option 10.3443





l BENCHMarK INDExCRISIl Short Term Bond Fund Index





n Exit load of 0.75% is payable if units are redeemed / switched out within 12 months from the date of allotment.

l no Exit load is payable if units are redeemed / switched out after 12 months from the date of allotment.



l OpTIONSunder both the plans : Growth, Monthly Dividend option & normal Dividend. Both Dividend options offer payout and Reinvestment facilities.






£ Co-sponsor


HDFC Short Term Opportunities Fund (An open-ended income scheme)



l Regular income over short to medium term.l Investment in debt and money market instruments and

government securities with maturities not exceeding 36 months.




returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Short Term Bond Fund Index ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.


g-SEC, SDl, CD/Cp, CrEDIT ExpOSurE





lIC Housing Finance ltd. CARE - AAA / CRISIl - AAA 6.37

onGC petro Additions limited (opAl) (put on onGC limited) CRISIl - AAA(So) 6.17



Small Industries Development Bank of India CARE - AAA 4.37


Cholamandalam Investment and Finance Company ltd. ICRA - AA 2.09


Total g-Sec, SDl, CD/Cp, Credit Exposure 95.75


grand Total 100.00


£ Co-sponsor

G-Sec, SDl 10.57CD/Cp 1.06Credit Exposure 84.12Cash, Cash Equivalents and net Current Assets 4.25





l INvESTMENT OBjECTIvETo generate regular income through investments in Debt/ Money Market Instruments and Government Securities with maturities not exceeding 36 months.

l FuND MaNagEr ¥

anil Bamboli (since June 25, 10) Total Experience: over 22 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 17.9880Regular plan - Fortnightly Dividend option 10.2332Regular plan - normal Dividend option 12.0945Direct plan - Growth option 18.1005Direct plan - Fortnightly Dividend option 10.2934Direct plan - normal Dividend option 12.1004







l ExIT lOaDnil


l OpTIONSunder Each plan: Growth, Fortnightly Dividend & normal Dividend. Both Dividend options offer payout and Reinvestment facilities.





l INvESTMENT OBjECTIvETo generate regular income through investments in Debt/ Money Market Instruments and Government Securities with maturities not exceeding 60 months.

l FuND MaNagEr ¥

anupam joshi (since october 27, 15) Total Experience: over 11 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 18.1075Regular plan - Dividend option 12.3157Regular plan - quarterly Dividend option 10.2397Direct plan - Growth option 18.1775Direct plan - Dividend option 12.4749Direct plan - quarterly Dividend option 10.3131







l ExIT lOaDnil


l OpTIONSunder both the plans: Growth, quarterly Dividend & normal Dividend. Both Dividend options offer payout and Reinvestment facilities.




HDFC Medium Term Opportunities Fund (An open-ended income scheme)



l Regular income over medium to short term.l Investment in debt, money market instruments and

government securities with maturities not exceeding 60 months.




returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl Composite Bond Fund Index ## CRISIl 10 year Gilt Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Anupam Joshi, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.


SDl, CrEDIT ExpOSurE


power Finance Corporation ltd. CARE - AAA /CRISIl - AAA 12.71

lIC Housing Finance ltd. CARE - AAA /CRISIl - AAA 8.54



Bajaj Finance ltd. FITCH - AAA 5.50




power Grid Corporation ofIndia ltd. CRISIl - AAA 4.43

Indiabulls Housing Finance ltd. CARE - AAA 3.84


Total SDl, Credit Exposure 99.07


grand Total 100.00


£ Co-sponsor

SDl 26.35Credit Exposure 72.72Cash, Cash Equivalents and net Current Assets 0.93



Sovereign 26.35AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 72.72Cash, Cash Equivalents and net Current Assets 0.93



l INvESTMENT OBjECTIvETo generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.

l FuND MaNagEr ¥

anil Bamboli (since September 1, 07) Total Experience: over 22 years







l BENCHMarK INDExI-Sec Si-Bex


l ExIT lOaDnil


l OpTIONSunder both the plans: Growth & Dividend option (Dividend option offers Dividend payout and Reinvestment facility.




HDFC Gilt Fund Short Term Plan (An open-ended income scheme)



g-SEC, SDl, T-BIllS

8.35 GoI 2022 Sovereign 18.57








State Government of Hariyana Sovereign 5.86

91 Days TBill - Mat 250517 Sovereign 5.77



Total g-Sec, SDl, T-bills 97.75

Cash, Cash Equivalents andnet Current Assets 2.25

grand Total 100.00



l Credit risk free returns over short to medium term.l Investment in sovereign securities issued by Central

/ State Government with short to medium term maturities.




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 9.68 8.38 7.15 10,968 10,838 10,715Mar 31, 14 last 3 years 9.68 9.05 7.85 13,197 12,972 12,549Mar 30, 12 last 5 years 8.92 8.68 7.54 15,338 15,168 14,387Jul 25, 01 Since Inception 6.59 n.A. 6.11 27,219 n.A. 25,375

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # I-Sec Si-Bex ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.

G-Sec, SDl, T-bills 97.75Cash, Cash Equivalents and net Current Assets 2.25


Sovereign 97.75Cash, Cash Equivalents and net Current Assets 2.25




l INvESTMENT OBjECTIvETo generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government.

l FuND MaNagEr ¥

anil Bamboli (since September 1, 07) Total Experience: over 22 years







l BENCHMarK INDExI-Sec li-Bex


l ExIT lOaDnil


l OpTIONSunder both the plans: Growth & Dividend option (Dividend option offers Dividend payout and Reinvestment facility.




HDFC Gilt Fund Long Term Plan (An open-ended income scheme)



g-SEC, SDl




State Government of Rajasthan Sovereign 9.01






State Government of uttar pradesh Sovereign 2.03



Total g-Sec, SDl 73.96


grand Total 100.00



l Credit risk free returns over medium to long term.l Investment in sovereign securities issued by Central /

State Government with medium to long term maturities.




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 11.52 12.47 11.87 11,152 11,247 11,187Mar 31, 14 last 3 years 12.35 13.07 11.43 14,186 14,461 13,839Mar 30, 12 last 5 years 10.08 10.75 8.79 16,175 16,672 15,248Jul 25, 01 Since Inception 8.06 n.A. n.A. 33,739 n.A. n.A.

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # I-Sec li-Bex ## CRISIl 10 year Gilt Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 70.

G-Sec, SDl 73.96Cash, Cash Equivalents and net Current Assets 26.04


Sovereign 73.96Cash, Cash Equivalents and net Current Assets 26.04




l INvESTMENT OBjECTIvETo generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities and money market instruments.

l FuND MaNagEr ¥

Shobhit Mehrotra (since February 16, 04) Total Experience: over 24 years


Nav Nav pEr uNIT (`)retail OptionRegular plan - Growth option 27.4635Regular plan - Daily Dividend Reinvestment option 10.0809Regular plan - Weekly Dividend option 10.1485Regular plan - Monthly Dividend option 10.1572Wholesale OptionRegular plan - Growth option 28.2698Regular plan - Daily Dividend Reinvestment option 10.0809Regular plan - Weekly Dividend option 10.1487Regular plan - Monthly Dividend option 10.1575Direct plan - Growth option 28.3595Direct plan - Daily Dividend Reinvestment option 10.0809Direct plan - Weekly Dividend option 10.1489Direct plan - Monthly Dividend option 10.1576


l quaNTITaTIvE DaTaAverage Maturity * 1.15 yearsModified Duration * 311 daysyield to Maturity * 7.08%* Computed on the invested amount.





l ExIT lOaDnil


l OpTIONSunder both the plans: Growth & Dividend option. The Dividend option offers Daily Dividend option (with Reinvestment facility only) and Weekly and Monthly Dividend option (with payout and Reinvestment facility).

l MINIMuM applICaTION aMOuNTpurchase : ` 10 lakh and any amount thereafter. Additional purchase : ` 1 and any amount thereafter.



HDFC Floating Rate Income Fund Short Term Plan (An open-ended income scheme)



l Regular income over short term.l Investment in floating rate debt / money market

instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt and money market instruments of short term maturities with higher liquidity.




g-SEC, SDl, T-BIllS, CD/Cp, CrEDIT ExpOSurE



onGC petro Additions limited (opAl) (put ononGC limited) CRISIl - AAA(So) 9.10


Indian Railway Finance Corporation ltd. CRISIL - A1+ 5.74

ICICI Bank ltd. CARE - A1+ 5.06


Rural Electrification Corporation ltd. CRISIl - AAA 4.38

Axis Bank ltd. CRISIL - A1+, AA 4.05

Indiabulls Housing Finance ltd. CARE - AAA / CRISIL - A1+ 3.65

Canara Bank FITCH - AA 2.78


Total g-Sec, SDl, T-bills, CD/Cp, Credit Exposure 96.01


grand Total 100.00

For complete portfolio, please visit www.hdfcfund.comoutstanding exposure in derivative instruments Interest Rate Swap (` in Crore) 100.00

£ Co-sponsor



returns (%)

Benchmark returns

(%)#


returns (%) ##





past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## CRISIl 1 year T-Bill Index. Since Inception returns are calculated on ` 13.1821 (allotment price). performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 62.

G-Sec, SDl, T-bills 1.11CD/Cp 18.39Credit Exposure 76.51Cash, Cash Equivalents and net Current Assets 3.99






To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns, and fixed rate debt securities and money market instruments.

l FuND MaNagEr ¥

Shobhit Mehrotra (since February 16, 04)



January 16, 2003


Regular plan - Growth option 28.7016Regular plan - Weekly Dividend option 10.2007Regular plan - normal Dividend option 11.8212Direct plan - Growth option 28.7660Direct plan - Weekly Dividend option 10.5345Direct plan - normal Dividend option 11.7409



l quaNTITaTIvE DaTa





l BENCHMarK INDEx

CRISIl liquid Fund Index

l ENTrY lOaD

not Applicable.

l ExIT lOaD

l In respect of each purchase / switch-in of units, an Exit load of 0.50% is payable if units are redeemed / switched-out within 3 months from the date of allotment.




l OpTIONS

under both the plans: Growth, Weekly Dividend Reinvestment option and normal Dividend option (with payout facility).


purchase : ` 5,000 and any amount thereafter. Additional purchase : ` 1,000 and any amount thereafter.




HDFC Floating Rate Income Fund Long Term Plan (An open-ended income scheme)



l Regular income over short to medium term.l Investment in floating rate debt / money market

instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt and money market instruments of longer term maturities.



G-Sec 37.11CD/Cp 12.67Credit Exposure 48.16Cash, Cash Equivalents and net Current Assets 2.06


Sovereign 37.11AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 60.83Cash, Cash Equivalents and net Current Assets 2.06




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 8.85 7.11 7.15 10,885 10,711 10,715Mar 31, 14 last 3 years 8.74 8.04 7.85 12,862 12,613 12,549Mar 30, 12 last 5 years 9.06 8.36 7.54 15,438 14,947 14,387Jan 16, 03 Since Inception 7.69 6.83 5.95 28,672 25,568 22,725

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## CRISIl 1 year T-Bill Index. Since Inception returns are calculated on ` 10.0104 (allotment price). performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 63.

£ Co-sponsor


g-SEC, CD/Cp, CrEDIT ExpOSurE



lIC Housing Finance ltd. CARE - AAA /CRISIl - AAA 11.51

national Housing Bank CRISIl - AAA 10.02

national Bank for Agriculture & Rural Development CRISIL - A1+, AAA 9.16



Axis Bank ltd. CRISIL - A1+ 5.12


Hongkong & Shanghai Bank ltd. FITCH - A1+ 1.08

Total g-Sec, CD/Cp, Credit Exposure 97.94


grand Total 100.00



l INvESTMENT OBjECTIvETo enhance income consistent with a high level of liquidity, through a judicious portfolio mix comprising of money market and debt instruments.

l FuND MaNagEr ¥



l Nav^̂ Nav pEr uNIT (`)HDFC liquid FundRegular plan - Growth option 3,199.6399Regular plan - Daily Dividend Reinvestment option 1,019.8200Regular plan - Weekly Dividend option 1,031.8813Regular plan - Monthly Dividend option 1,027.1505Direct plan - Growth option 3,208.9181Direct plan - Daily Dividend Reinvestment option 1,019.8200Direct plan - Weekly Dividend option 1,031.8919Direct plan - Monthly Dividend option 1,027.1586HDFC liquid Fund - premium planRegular plan - Growth option 3,259.0111Regular plan - Daily Dividend Reinvestment option 1,225.9800


l quaNTITaTIvE DaTaAverage Maturity * 52 daysModified Duration * 49 daysyield to Maturity * 6.40%* Computed on the invested amount.




l ExIT lOaDnil


l OpTIONSunder both the plans: Growth & Dividend option. The Dividend option offers Daily Dividend option (Reinvestment facility only) and Weekly and Monthly Dividend option (with payout and Reinvestment facility).

l MINIMuM applICaTION aMOuNTpurchase : under Growth option, Weekly Dividend option and Monthly Dividend option: ̀ 5,000 and any amount thereafter. under Daily Dividend option: ` 10,000 and any amount thereafter.Additional purchase : under Growth option, Weekly Dividend option and Monthly Dividend option: ` 1,000 and any amount thereafter. under Daily Dividend option: ` 5,000 and any amount thereafter.

l rEDEMpTION prOCEEDSnormally despatched within 1 Business Day.

For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience - over 10 years).^̂ Calculated on all calendar days.

HDFC Liquid Fund (An open-ended liquid income scheme)



T-BIllS, CD/Cp, CrEDIT ExpOSurE



Small Industries Development Bank of India CARE - A1+ 5.79

power Grid Corporation ofIndia ltd. CRISIL - A1+ 5.70

IDBI Bank ltd. CRISIL - A1+ 5.68

Indiabulls Housing Finance ltd. CRISIL - A1+ 5.42


Axis Bank ltd. CRISIL - A1+ 5.36

lIC Housing Finance ltd. CRISIL - A1+, AAA 4.47

l&T Finance ltd. CARE - A1+ 4.05

Tata Capital Financial Services ltd. CRISIL - AA+ /ICRA - A1+ 3.98


Total T-bills, CD/Cp, Credit Exposure 119.87


grand Total 100.00



l Income over short term.l Investment in debt and money market instruments.

Investors understand that their principal will be at low risk


Face Value per unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of March 31, 2017 unless otherwise specified.


returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 24, 17 last 7 days 0.13 0.14 0.09 10,013 10,014 10,009Mar 16, 17 last 15 days 0.28 0.29 0.25 10,028 10,029 10,025Feb 28, 17 last 1 Month 0.57 0.57 0.56 10,057 10,057 10,056Mar 31, 16 last 1 year 7.21 7.11 7.15 10,721 10,711 10,715Mar 31, 14 last 3 years 8.12 8.04 7.85 12,642 12,613 12,549Mar 30, 12 last 5 years 8.60 8.36 7.54 15,113 14,947 14,387oct 17, 00 Since Inception 7.32 n.A. 6.39 31,996 n.A. 27,705

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anupam Joshi, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.

T-bills 16.86CD/Cp 100.29Credit Exposure 2.72Cash, Cash Equivalents and net Current Assets -19.87


Sovereign 16.86AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 102.17AA+ & Below 0.84




l INvESTMENT OBjECTIvETo generate optimal returns while maintaining safety and high liquidity.

l FuND MaNagEr ¥

anil Bamboli (since July 25, 12) Total Experience: over 22 years

l INCEpTION DaTE (Date of allotment)november 18, 1999

l Nav^̂ Nav pEr uNIT (`)Regular plan - Growth option 3,379.2278Regular plan - Daily Dividend Reinvestment option 1,063.6400Regular plan - Weekly Dividend option 1,063.8775Direct plan - Growth option 3,395.8471Direct plan - Daily Dividend Reinvestment option 1,063.6400Direct plan - Weekly Dividend option 1,063.9177


l quaNTITaTIvE DaTaAverage Maturity * 43 daysModified Duration * 41 daysyield to Maturity * 6.46%* Computed on the invested amount.





l ExIT lOaDnil


l OpTIONSEach plan offers Growth and Daily Dividend option (with Reinvestment facility only). Weekly Dividend option (with payout and Reinvestment facility).

l MINIMuM applICaTION aMOuNTpurchase : under Growth option and Weekly Dividend option : ` 5,000 and any amount thereafter. under Daily Dividend option : ` 10,000 and any amount thereafterAdditional purchase : under Growth option and Weekly Dividend option : ̀ 1,000 and any amount thereafter. under Daily Dividend option : ` 5,000 and any amount thereafter

l rEDEMpTION prOCEEDSnormally despatched within 1 Business Day.


^^ Calculated on all calendar days.

HDFC Cash Management Fund Savings Plan (An open-ended high liquidity income scheme)



T-BIllS, CD/Cp


Small Industries Development Bank of India CARE - A1+ 12.57

national Bank for Agriculture & Rural Development CRISIL - A1+ 11.93

Hindustan petroleumCorporation ltd. CRISIL - A1+ 6.71

Indiabulls Housing Finance ltd. CRISIL - A1+ 5.93

Andhra Bank FITCH - A1+ 5.09


Chennai petroleum Corp ltd. ICRA - A1+ 5.02

Vedanta ltd. CRISIL - A1+ 4.66

Indusind Bank ltd. CRISIL - A1+ 4.41

The South Indian Bank ltd. ICRA - A1+ 4.25


Total T-bills, CD/Cp 121.56


grand Total 100.00



l optimal returns over short term.l Investment in debt and money market instruments with

maturity of upto 91 days only.

Investors understand that their principal will be at low risk



returns (%) $$

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 24, 17 last 7 days 0.13 0.14 0.09 10,013 10,014 10,009Mar 16, 17 last 15 days 0.28 0.29 0.25 10,028 10,029 10,025Feb 28, 17 last 1 Month 0.56 0.57 0.56 10,056 10,057 10,056Mar 31, 16 last 1 year 7.11 7.11 7.15 10,711 10,711 10,715Mar 31, 14 last 3 years 8.05 8.04 7.85 12,616 12,613 12,549Mar 30, 12 last 5 years 8.56 8.36 7.54 15,084 14,947 14,387nov 18, 99 Since Inception 7.28 n.A. 6.49 33,908 n.A. 29,815

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## CRISIl 1 year T-Bill Index. $$ All dividends declared prior to the splitting of the Scheme into Dividend & Growth options are assumed to be reinvested in the units of the Scheme at the then prevailing nAV (ex-dividend nAV). performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 70.

Face Value per unit: ` 1,000, + Industry Classification as recommended by AMFI, CD - Certificate of Deposit; CP - Commercial Papers. Data is as of March 31, 2017 unless otherwise specified.

T-bills 12.83CD/Cp 108.73Cash, Cash Equivalents and net Current Assets -21.56


Sovereign 12.83AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 108.73Cash, Cash Equivalents and net Current Assets -21.56



l INvESTMENT OBjECTIvETo generate regular income through investment in debt securities and money market instruments.

l FuND MaNagEr ¥


l INCEpTION DaTE (Date of allotment)november 18, 1999

l Nav Nav pEr uNIT (`)retail OptionRegular plan - Growth option 34.3591Regular plan - Daily Dividend Reinvestment option 10.1428Regular plan - Weekly Dividend option 10.1722Regular plan - Monthly Dividend option 10.1542Direct plan - Growth option 35.4271Direct plan - Daily Dividend Reinvestment option 10.0655Direct plan - Weekly Dividend option 10.2024Direct plan - Monthly Dividend option 10.1574Wholesale OptionRegular plan - Growth option 36.0612Regular plan - Daily Dividend Reinvestment option 10.1574Regular plan - Weekly Dividend option 10.1744Regular plan - Monthly Dividend option 10.1750






l ExIT lOaDnil


l OpTIONSretail Option: Each plan offers Growth and Dividend option. Dividend option offers Daily Dividend option with Reinvestment facility only and Weekly and Monthly Dividend option with payout and Reinvestment facility.

l MINIMuM applICaTION aMOuNTretail Option : Growth, Weekly and Monthly Dividend option: purchase : ` 5,000 and any amount thereafter. Additional purchase : ̀ 1,000 and any amount thereafter. Daily Dividend option : purchase : ` 10,000 and any amount thereafter. Additional purchase : ` 5,000 and any amount thereafter.


For Tax Benefits / Consequences, Please refer to page 46¥ Dedicated Fund Manager for overseas Investments: Mr Rakesh Vyas (Total Experience - over 10 years).^^ Calculated on all calendar days.

HDFC Cash Management Fund Treasury Advantage Plan (An open-ended income scheme)



l Regular income over short term.l Investment in debt and money market instruments.




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 8.22 7.11 7.15 10,822 10,711 10,715Mar 31, 14 last 3 years 8.04 8.04 7.85 12,614 12,613 12,549Mar 30, 12 last 5 years 8.22 8.36 7.54 14,847 14,947 14,387nov 18, 99 Since Inception 7.36 n.A. 6.49 34,359 n.A. 29,815

past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized (CAGR). load is not taken into consideration for computation of performance. # CRISIl liquid Fund Index ## CRISIl 1 year T-Bill Index. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. n.A.: not Available. For performance of other schemes managed by Anupam Joshi, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 69.


SDl, CD/Cp, CrEDIT ExpOSurE





Shriram TransportFinance Co. ltd.

CRISIL - AA+ / FITCH - AA+ 3.46




petronet lnG ltd. CRISIL - AA+ 3.07

l&T Finance ltd. CARE AA, A1+ 2.87

Canara Bank FITCH - AA 2.50


Total SDl, CD/Cp, Credit Exposure 95.63


grand Total 100.00

For complete portfolio, please visit www.hdfcfund.comoutstanding exposure in derivative instruments Interest Rate Swap (` in Crore) 100.00


SDl 2.33CD/Cp 5.38Credit Exposure 87.92Cash, Cash Equivalents and net Current Assets 4.37


Sovereign 2.33AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 45.08AA+ & Below 48.01unrated 0.21Cash, Cash Equivalents and net Current Assets 4.37


£ Co-sponsor


l INvESTMENT OBjECTIvETo generate regular income and capital appreciation by investing predominantly in corporate debt.

l FuND MaNagEr ¥

Shobhit Mehrotra (since March 25, 14) Total Experience: over 24 years


Nav Nav pEr uNIT (`)Regular plan - Growth option 13.5580Regular plan - Dividend option 12.4838Regular plan - Half-yearly Dividend option 10.5003Direct plan - Growth option 13.9243Direct plan - Dividend option 12.2056Direct plan - Half-yearly Dividend option 10.5015







the units (“the limit”) may be redeemed without any exit load from the date of allotment


n In respect of each purchase / switch-in of units, an Exit load of 2.00% is payable if units are redeemed / switched-out within 12 months from the date of allotment

n In respect of each purchase / switch-in of units, an Exit load of 1.00% is payable if units are redeemed / switched-out after 12 months but within 24 months from the date of allotment

n In respect of each purchase / switch-in of units, an Exit load of 0.50% is payable if units are redeemed / switched-out after 24 months but within 36 months from the date of allotment.

l no Exit load is payable if units are redeemed / switchedout after 36 months from the date of allotment.



l OpTIONSunder Each plan: Growth, Half yearly Dividend and normal Dividend. Both Dividend options offers payout and Reinvestment facilities.




HDFC Corporate Debt Opportunities Fund (An open-ended income scheme)



CrEDIT ExpOSurE




Rural ElectrificationCorporation ltd.

CARE - AAA /CRISIl - AAA 4.48

Tata power Co. ltd. CRISIl - AA- 4.37


Tata Steel ltd. CARE - AA, AA- 3.12



Adani Transmission limited FITCH - AA+ 2.44





grand Total 100.00



l Regular income over medium to long term.l To generate regular income and capital appreciation

by investing predominantly in corporate debt.



HDFC Corporate Debt Opportunities Fund

Credit Exposure 93.61Cash, Cash Equivalents and net Current Assets 6.39


AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 18.33AA+ & Below 74.03unrated 1.25Cash, Cash Equivalents and net Current Assets 6.39




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 10.48 9.10 11.87 11,048 10,910 11,187Mar 31, 14 last 3 years 10.53 9.29 11.43 13,507 13,056 13,839Mar 25, 14 Since Inception 10.61 9.31 11.37 13,558 13,085 13,842

past performance may or may not be sustained in the future. The above returns are for Regular plan - Growth option. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIl Short Term Bond Fund Index ## CRISIl 10 year Gilt Index. The Scheme is in existence for more than 1 year but less than 3 years. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. load is not taken into consideration for computation of performance. For performance of other schemes managed by Shobhit Mehrotra, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 63.



To generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and public Sector undertakings. There is no assurance that the investment objective of the Scheme will be realized.

l FuND MaNagEr ¥

anil Bamboli (since Mar 26, 14)



March 26, 2014


Regular plan - Growth option 13.2149Regular plan - Dividend option 10.2825Direct plan - Growth option 13.2777Direct plan - Dividend option 10.3287



l quaNTITaTIvE DaTa





l BENCHMarK INDEx

CRISIl Short Term Bond Fund Index

l ENTrY lOaD

not Applicable.

l ExIT lOaD

nil

l plaNS

Regular plan, Direct plan

l OpTIONS

under Each plan: Growth & Dividend. The Dividend option offers Dividend payout and Reinvestment facility.


purchase : ` 5,000 and any amount thereafter.




HDFC Banking and PSU Debt Fund (An open-ended income scheme)



l Regular income over medium to long term.l Investments in debt and money market instruments

consisting predominantly of securities issued by Scheduled Commercial Banks and public Sector undertakings.




CD/Cp, CrEDIT ExpOSurE


Mahanagar Telephonenigam ltd.

CARE - AAA(So) / CRISIl - AAA(So) 8.40


Food Corporation of India (Corporate guarantee fromGovt of India) CRISIl - AAA(So) 6.48


Bank of India BRICKWoRKS - AA- / CRISIL - A+ 4.67




power Grid Corporation of India ltd. CRISIl - AAA 4.38

IDBI Bank ltd. CRISIl - A / ICRA - A 4.23


Total CD/Cp, Credit Exposure 90.35


grand Total 100.00



CD/Cp 1.13Credit Exposure 89.22



AAA/AAA(SO)/A1+/A1+(SO) & Equivalent 51.88

AA+ & Below 38.47




returns (%)

Benchmark returns

(%)#


returns (%) ##




(`)##Mar 31, 16 last 1 year 9.99 9.10 7.15 10,999 10,910 10,715Mar 31, 14 last 3 years 9.61 9.29 7.85 13,173 13,056 12,549Mar 26, 14 Since Inception 9.68 9.32 7.88 13,215 13,084 12,572

past performance may or may not be sustained in the future. The above returns are for Regular plan - Growth option. Returns greater than 1 year period are compounded annualized (CAGR). # CRISIl Short Term Bond Fund Index ## CRISIl 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. performance of dividend option under the schemes for the investors would be net of distribution tax as applicable. load is not taken into consideration for computation of performance. For performance of other schemes managed by Anil Bamboli, please refer page 46. Different plans viz. Regular plan and Direct plan have a different expense structure. The expenses of the Direct plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular plan. For performance of Direct plan, refer page no. 70.


Performance details of Schemes managed by respective Fund Managers

Sr. No. Name of the Fund Manager Funds Managed Page no.1 Mr. Prashant Jain HDFC Equity Fund 05

HDFC Top 200 Fund 06HDFC Prudence Fund 21HDFC MF Monthly Income Plan - LTP 28

2 Mr. Vinay Kulkarni HDFC Core & Satellite Fund 08HDFC Premier Multi-Cap Fund 09HDFC Large Cap Fund 10HDFC TaxSaver 14HDFC MF Monthly Income Plan - STP 27HDFC Equity Savings Fund (Co-managed scheme) 29Close ended schemes (Co-managed schemes) 60

3 Mr. Srinivas Rao Ravuri HDFC Growth Fund 04HDFC Infrastructure Fund 15Close ended schemes 47

4 Mr. Chirag Setalvad HDFC Mid-Cap Opportunities Fund 11HDFC Small Cap Fund 12HDFC Long Term Advantage Fund 13HDFC Balanced Fund 20HDFC Children’s Gift Fund - Investment Plan 22HDFC Children’s Gift Fund - Savings Plan 23HDFC Multiple Yield Fund - Plan 2005 30HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26

5 Mr. Miten Lathia HDFC Capital Builder Fund 07HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 60

6 Mr. Krishan Kumar Daga HDFC Arbitrage Fund 16HDFC Index Fund - SEnSEx Plan 17HDFC Index Fund - nIFTY Plan 18HDFC Index Fund - SEnSEx Plus Plan 19HDFC SEnSEx ETF 59HDFC nIFTY ETF 59HDFC Gold Exchange Traded Fund 59HDFC Gold Fund 59HDFC Equity Savings Fund (Co-managed scheme) 29

7 Mr. Shobhit Mehrotra HDFC MF Monthly Income Plan - LTP 38HDFC MF Monthly Income Plan - STP 27HDFC Income Fund 31HDFC High Interest Fund - STP 33HDFC Floating Rate Income Fund - Long Term Plan 40HDFC Floating Rate Income Fund - Short Term Plan - Wholesale Option 39HDFC Corporate Debt Opportunities Fund 44HDFC Retirement Savings Fund - Equity Plan (Co-managed scheme) 24HDFC Retirement Savings Fund - Hybrid Equity Plan (Co-managed scheme) 25HDFC Retirement Savings Fund - Hybrid Debt Plan (Co-managed scheme) 26Close ended schemes 47-52

8 Mr. Anil Bamboli HDFC Equity Savings Fund (Co-managed scheme) 29HDFC Multiple Yield Fund - Plan 2005 30HDFC Dynamic PE Ratio Fund of Funds (Co-managed scheme) 60HDFC High Interest Fund - Dynamic Plan 32HDFC Short Term Plan 34HDFC Short Term Opportunities Fund 35HDFC Gilt Fund - Short Term Plan 37HDFC Gilt Fund - Long Term Plan 38HDFC Cash Management Fund - Savings Plan 42HDFC Cash Management Fund - Call Plan 52HDFC Banking and PSU Debt Fund 45Close ended & Interval schemes 52-58Co-managed schemes 60

9 Mr. Anupam Joshi HDFC Liquid Fund 41HDFC Medium Term Opportunities Fund 36HDFC Cash Management Fund - Treasury Advantage Plan 43

For performance details of Direct Plan, refer page 61-78

Exit Load : (i) no exit load shall be levied for switching between Options under the same Plan within a Scheme. (ii) Switch of investments to Direct Plan within the same Scheme shall be subject to applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investments from the Direct Plan will not be sub-ject to any exit load. (iii) no exit load shall be levied for switch-out from Direct Plan to other Plan within the same Scheme. However, any subsequent switch-out or redemption of such investment from the other Plan shall be subject to exit load based on the original date of investment in the Direct Plan. (iv) Switch of investments between Plans under a Scheme having separate portfolios, will be subject to applicable exit load. (v) no exit load will be levied on Bonus Units and Units allotted on Dividend Re-investment. (vi) In case of Systematic Transactions such as SIP, GSIP, STP, Flex STP, Swing STP, Flexindex; Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.

Tax Benefits / Consequences : The Dividend Distribution Tax on distribution of income by any other fund (not being an equity oriented fund) to an individual / HUF shall be payable at the rate of 28.84%* and at the rate of 34.608%* on distribution of income to any other investor. Such income distributed by the Scheme(s) is free from Income–tax in the hands of Investors. Units of the Scheme(s) are not subject to Wealth-tax and Gift-tax. Unit holders are required to pay Securities Transaction Tax (STT) at the rate of 0.001% at the time of redemption / switch-out of units of an equity-oriented fund. * including applicable surcharge, education cess and secondary and higher education cess.

Investors should be aware that the fiscal rules / tax laws may change and there can be no guarantee that the current tax position may continue indefinitely. In view of individual nature of tax consequences, each investor is advised to consult his / her own professional tax advisor.


SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)

Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Load is not taken into consideration for computation of performance. n.A.: not Available

SRINIVAS RAO RAVURI

NAV as on Mar 31, 2017 ` 11.308

HDFC FOCUSED EQUITY FUND - PLAN A Date Period Scheme

Returns (%)

Benchmark Returns

(%)#

Additional Benchmark

Returns (%) ##

Value of ` 10,000 invested

Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 24.90 21.17 16.88 12,490 12,117 11,688Feb 23, 15 Since Inception 6.02 3.41 1.05 11,308 10,729 10,223

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE 100 ## S&P BSE SEnSEx. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Srinivas Rao Ravuri since inception.

NAV as on Mar 31, 2017 ` 12.170

HDFC FOCUSED EQUITY FUND - PLAN B Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 28.12 21.17 16.88 12,812 12,117 11,688May 06, 15 Since Inception 10.86 7.80 5.57 12,170 11,537 11,087


SHOBHIT MEHROTRA NAV as on Mar 31, 2017 ` 13.1378

HDFC FMP 538D NOVEMBER 2013 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.79 9.10 7.15 10,779 10,910 10,715Mar 31, 14 Last 3 Years 8.35 9.29 7.85 12,723 13,056 12,549nov 28, 13 Since Inception 8.51 9.38 7.90 13,138 13,492 12,890

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

NAV as on Mar 31, 2017 ` 13.1812


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.2555

HDFC FMP 572D OCTOBER 2013 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.91 9.10 7.15 10,791 10,910 10,715Mar 31, 14 Last 3 Years 8.36 9.29 7.85 12,727 13,056 12,549Oct 18, 13 Since Inception 8.51 9.32 7.86 13,256 13,604 12,986


NAV as on Mar 31, 2017 ` 13.1483


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.4640

HDFC FMP 1919D JANUARY 2013 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 9.06 11.09 7.15 10,906 11,109 10,715Mar 31, 14 Last 3 Years 10.04 11.26 7.85 13,329 13,778 12,549Jan 08, 13 Since Inception 9.12 9.32 7.39 14,464 14,572 13,516

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

NAV as on Mar 31, 2017 ` 12.3081

HDFC FMP 3360D MARCH 2014 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 10.86 11.09 11.87 11,086 11,109 11,187Mar 31, 14 Last 3 Years 7.17 11.26 11.43 12,312 13,778 13,839Mar 26, 14 Since Inception 7.13 11.27 11.36 12,308 13,799 13,835

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

NAV as on Mar 31, 2017 ` 12.7894


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7370


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.

SHOBHIT MEHROTRA....CONTINUED



NAV as on Mar 31, 2017 ` 12.6124

HDFC FMP 366D MAY 2014 (2) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.19 9.10 7.15 10,819 10,910 10,715Jun 03, 14 Since Inception 8.56 9.16 7.78 12,612 12,814 12,359

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Regular Plan is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

NAV as on Mar 31, 2017 ` 12.5971

HDFC FMP 370D JUNE 2014 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5649


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5802


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5746


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5481


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5348


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.31 9.10 7.15 10,831 10,910 10,715Jul 02, 14 Since Inception 8.57 9.17 7.79 12,535 12,726 12,289


NAV as on Mar 31, 2017 ` 12.4664


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6042

HDFC FMP 1123D JULY 2014 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.13 11.09 7.15 10,813 11,109 10,715Aug 05, 14 Since Inception 9.11 11.06 7.82 12,604 13,213 12,211


NAV as on Mar 31, 2017 ` 12.5774


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.4247


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 10.99 11.09 7.15 11,099 11,109 10,715Jan 29, 15 Since Inception 10.52 9.44 7.54 12,425 12,162 11,707


NAV as on Mar 31, 2017 ` 11.9384

HDFC FMP 1157D FEBRUARY 2015 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.8717


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 9.09 11.09 7.15 10,909 11,109 10,715Mar 19, 15 Since Inception 8.79 9.71 7.56 11,872 12,076 11,599


NAV as on Mar 31, 2017 ` 11.8263


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7526

HDFC FMP 369D APRIL 2014 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.03 9.10 7.15 10,803 10,910 10,715Apr 04, 14 Since Inception 8.47 9.33 7.91 12,753 13,060 12,559


NAV as on Mar 31, 2017 ` 12.7343


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8438


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7279


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7053


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7170


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.7101


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7121


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6085


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7018


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6774


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6717


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6390


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6188


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6348


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.7046


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 11.6697


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.7339


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.6079


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1124

HDFC FMP 1105D DECEMBER 2015 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.93 11.09 7.15 10,893 11,109 10,715Dec 30, 15 Since Inception 8.79 10.91 7.11 11,112 11,384 10,898


NAV as on Mar 31, 2017 ` 11.0889


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0529


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0398


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0280


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3555


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0255


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 11.3139


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1534


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 10.9970


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1895


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 10.9034


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





ANIL BAMBOLI NAV as on Mar 31, 2017 ` 2,499.7432

HDFC CASH MANAGEMENT FUND - CALL PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 24, 17 Last 7 days 0.11 0.14 0.09 10,011 10,014 10,009Mar 16, 17 Last 15 days 0.23 0.29 0.25 10,023 10,029 10,025Feb 28, 17 Last 1 Month 0.47 0.57 0.56 10,047 10,057 10,056Mar 31, 16 Last 1 Year 6.15 7.11 7.15 10,615 10,711 10,715Mar 31, 14 Last 3 Years 7.08 8.04 7.85 12,280 12,613 12,549Mar 30, 12 Last 5 Years 7.51 8.36 7.54 14,369 14,947 14,387Feb 06, 02 Since Inception 6.23 n.A. 5.99 24,997 n.A. 24,151

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 14.0553

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. Scheme performance may not strictly be comparable with that of its Additional Benchmark as the scheme can invest only in instruments having maturity upto the opening of the immediately following specified transaction period, which is at annual intervals. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 13.9588

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN B Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. Scheme performance may not strictly be comparable with that of its Additional Benchmark as the scheme can invest only in instruments having maturity upto the opening of the immediately following specified transaction period, which is at annual intervals. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 13.6873


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.65 9.10 7.15 10,765 10,910 10,715Mar 31, 14 Last 3 Years 8.66 9.29 7.85 12,833 13,056 12,549Jul 31, 13 Since Inception 8.93 9.60 8.00 13,687 14,000 13,262

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.





SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)SCHEME PERFORMANCE - REGULAR PLAN - GROWTH OPTION (FUND MANAGER-WISE)



NAV as on Mar 31, 2017 ` 13.6879

HDFC FMP 370D AUGUST 2013 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.83 9.10 7.15 10,783 10,910 10,715Mar 31, 14 Last 3 Years 8.70 9.29 7.85 12,847 13,056 12,549Aug 08, 13 Since Inception 8.99 9.55 7.95 13,688 13,944 13,219


NAV as on Mar 31, 2017 ` 13.7334


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7084


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6792


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6290

HDFC FMP 370D SEPTEMBER 2013 (1) Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.48 9.10 7.15 10,748 10,910 10,715Mar 31, 14 Last 3 Years 8.62 9.29 7.85 12,819 13,056 12,549Sep 05, 13 Since Inception 9.06 9.55 7.95 13,629 13,850 13,142


NAV as on Mar 31, 2017 ` 13.5713


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6588


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6270


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0586


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.86 9.10 7.15 10,786 10,910 10,715Mar 31, 14 Last 3 Years 8.40 9.29 7.85 12,742 13,056 12,549Dec 27, 13 Since Inception 8.53 9.39 7.90 13,059 13,400 12,813


NAV as on Mar 31, 2017 ` 13.7407


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

ANIL BAMBOLI....CONTINUED





NAV as on Mar 31, 2017 ` 14.0294


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.1325


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.2282


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.3933


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6067


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.14 11.09 7.15 10,714 11,109 10,715Mar 31, 14 Last 3 Years 10.18 11.26 7.85 13,379 13,778 12,549Feb 05, 14 Since Inception 10.27 11.21 7.95 13,607 13,977 12,725


NAV as on Mar 31, 2017 ` 12.8349


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9805


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9810


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9456


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9124


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.8748


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8239


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9826


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9367


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9868


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9420


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9730


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0135


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7577


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7771


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.8047


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8278


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9287


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8959


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9565


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9458


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9643


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9397


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9839


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0187


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 13.2600


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0765


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5495


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5286


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.17 11.09 7.15 10,817 11,109 10,715Sep 05, 14 Since Inception 9.17 11.02 7.79 12,529 13,083 12,126


NAV as on Mar 31, 2017 ` 12.6466


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.4784


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.4044


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.56 11.09 7.15 10,856 11,109 10,715Oct 10, 14 Since Inception 9.10 10.86 7.78 12,404 12,905 12,036


NAV as on Mar 31, 2017 ` 12.3086


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.2083


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.57 11.09 7.15 10,857 11,109 10,715nov 11, 14 Since Inception 8.72 10.22 7.69 12,208 12,615 11,934


NAV as on Mar 31, 2017 ` 12.1475


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.0896


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.0205


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.9621


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.5539


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.4273


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.4321


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3303


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.2182


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1288


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#








KRISHAN KUMAR DAGA NAV as on Mar 31, 2017 ` 2,668.447

HDFC GOLD EXCHANGE TRADED FUND* Date Period Scheme Returns

(%)Benchmark

Returns (%)#


Scheme (`)

Benchmark (`)#

Mar 31, 16 Last 1 Year -2.55 -1.54 9,745 9,846Mar 31, 14 Last 3 Years 0.08 1.16 10,024 10,351Mar 30, 12 Last 5 Years -0.86 0.18 9,576 10,091Aug 13, 10 Since Inception 6.11 6.82 14,822 15,489

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # Domestic Price of Physical Gold. Since inception returns are calculated on ` 1800.3288 (allotment price) * The Scheme does not offer any Plans/Options. The scheme is managed by Mr. Krishan Kumar Daga since October 19, 2015. The scheme was earlier managed by Mr. Anil Bamboli.

NAV as on Mar 31, 2017 ` 9.571

HDFC GOLD FUND Date Period Scheme Returns

(%)Benchmark

Returns (%)#


Scheme (`)

Benchmark (`)#

Mar 31, 16 Last 1 Year 0.64 -1.54 10,064 9,846Mar 31, 14 Last 3 Years -2.02 1.16 9,406 10,351Mar 30, 12 Last 5 Years -1.08 0.18 9,469 10,091nov 01, 11 Since Inception -0.81 1.00 9,571 10,554

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # Domestic Price of Physical Gold. The scheme is managed by Mr. Krishan Kumar Daga since October 19, 2015. The scheme was earlier managed by Mr. Anil Bamboli.

NAV as on Mar 31, 2017 ` 3016.230

HDFC SENSEX ETF* Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE SEnSEx Index ## nIFTY 50 Index. * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception.

NAV as on Mar 31, 2017 ` 929.630

HDFC NIFTY ETF* Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY 50 Index ## S&P BSE SEnSEx Index. * The Scheme does not offer any Plans/Options. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Krishan Kumar Daga since inception.

ANUPAM JOSHI NAV as on Mar 31, 2017 ` 10.9078


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.

NAV as on Mar 31, 2017 ` 10.9004


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.2319


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#








CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 11.9606

HDFC CPO - II - 36M MAY 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Vinay Kulkarni & Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 11.9185

HDFC CPO - II - 36M JUNE 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3536

HDFC CPO - III - 1207D DECEMBER 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.5625

HDFC CPO - III - 1100D OCTOBER 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.2570

HDFC CPO - III - 1173D JANUARY 2015 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed.

CO-MANAGED BY MITEN LATHIA & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 16.4045

HDFC DYNAMIC PE RATIO FUND OF FUNDS Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 25.24 16.10 18.55 12,524 11,610 11,855Mar 28, 14 Last 3 Years 11.84 11.36 11.02 14,005 13,827 13,701Mar 30, 12 Last 5 Years 10.26 11.11 11.60 16,306 16,945 17,324Feb 06, 12 Since Inception 10.09 10.68 10.99 16,405 16,863 17,110

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The scheme is co-managed by Mr. Miten Lathia & Mr. Anil Bamboli since inception.

CO-MANAGED BYKRISHAN KUMAR DAGA & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 11.0364

HDFC DAF - II - 1160D January 2016 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Debt Hybrid 75+25 Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception.



SCHEME PERFORMANCE - DIRECT PLAN - GROWTH OPTION (FUND MANAGER-WISE)

PRASHANT JAIN NAV as on Mar 31, 2017 ` 561.617

HDFC EQUITY FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY 500 Index ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 412.763

HDFC TOP 200 FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SEnSEx.

NAV as on Mar 31, 2017 ` 471.973

HDFC PRUDENCE FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments..

VINAY KULKARNI NAV as on Mar 31, 2017 ` 73.147

HDFC CORE & SATELLITE FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE 200 ## S&P BSE SEnSEx.

NAV as on Mar 31, 2017 ` 50.383

HDFC PREMIER MULTI-CAP FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 98.360

HDFC LARGE CAP FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY 50 Index ## S&P BSE SEnSEx.

NAV as on Mar 31, 2017 ` 480.795

HDFC TAXSAVER Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CHIRAG SETALVAD NAV as on Mar 31, 2017 ` 51.463

HDFC MID-CAP OPPORTUNITIES FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY Free Float Midcap 100 Index ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 35.014

HDFC SMALL CAP FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY Free Float Smallcap 100 Index ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 135.740

HDFC BALANCED FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments..

VINAY KULKARNI....CONTINUED



NAV as on Mar 31, 2017 ` 103.465

HDFC CHILDREN’S GIFT FUND - INVESTMENT PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of balanced nature of the scheme where a portion of scheme’s investments are made in debt instruments.

NAV as on Mar 31, 2017 ` 43.7343

HDFC CHILDREN’S GIFT FUND - SAVINGS PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.

NAV as on Mar 31, 2017 ` 302.604

HDFC LONG TERM ADVANTAGE FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE SEnSEx ## nIFTY 50 Index.

SRINIVAS RAO RAVURI NAV as on Mar 31, 2017 ` 162.916HDFC GROWTH FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE SEnSEx ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 18.237

HDFC INFRASTRUCTURE FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.437

HDFC FOCUSED EQUITY FUND - PLAN A Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.303

HDFC FOCUSED EQUITY FUND - PLAN B Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




SHOBHIT MEHROTRA NAV as on Mar 31, 2017 ` 38.6911

HDFC INCOME FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index.

NAV as on Mar 31, 2017 ` 33.3733

HDFC HIGH INTEREST FUND - STP Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index.

NAV as on Mar 31, 2017 ` 28.3595

HDFC FLOATING RATE INCOME FUND - STP - WHOLESALE OPTION Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index.

CHIRAG SETALVAD....CONTINUED SRINIVAS RAO RAVURI....CONTINUED




NAV as on Mar 31, 2017 ` 28.7660

HDFC FLOATING RATE INCOME FUND - LTP Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.9243

HDFC CORPORATE DEBT OPPORTUNITIES FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 10 year Gilt Index.

NAV as on Mar 31, 2017 ` 13.2304


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.2751


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.3640


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 8.02 9.10 7.15 10,802 10,910 10,715Mar 31, 14 Last 3 Years 8.59 9.29 7.85 12,808 13,056 12,549Oct 18, 13 Since Inception 8.76 9.32 7.86 13,364 13,604 12,986


NAV as on Mar 31, 2017 ` 13.2728


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.4640


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.3454


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 10 year Gilt Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Shobhit Mehrotra since inception.

NAV as on Mar 31, 2017 ` 12.8215


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8083


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.6417


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6283


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5933


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6093


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6032


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





NAV as on Mar 31, 2017 ` 12.6356


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5630


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5521


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7049


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6772


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.5058


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.0137


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.9450


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.8980


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7845


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7658


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0375


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7592


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7364


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7480


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.7409


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7427


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7222


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7325


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7077


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7019


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6689


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6485


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6644


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.7744


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 11.7352


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.8191


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.6689


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.2085


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1893


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1562


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1506


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1299


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3634


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.1254


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#










NAV as on Mar 31, 2017 ` 11.3889


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3014


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0918


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3373


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 10.9991


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





KRISHAN KUMAR DAGA NAV as on Mar 31, 2017 ` 12.408

HDFC ARBITRAGE FUND - WHOLESALE PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## nIFTY 50 Index. Scheme performance is not strictly comparable with that of its Additional Benchmark since the scheme does not take directional call in equity markets but is limited to availing arbitrage opportunities, etc.

NAV as on Mar 31, 2017 ` 260.2290

HDFC INDEX FUND - SENSEX PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE SEnSEx (Total Returns Index) ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 82.2538

HDFC INDEX FUND - NIFTY PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY 50 Index (Total Returns Index) ## S&P BSE SEnSEx.

NAV as on Mar 31, 2017 ` 404.5997

HDFC INDEX FUND - SENSEX PLUS PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # S&P BSE SEnSEx (Total Returns Index) ## nIFTY 50 Index.

NAV as on Mar 31, 2017 ` 9.7139

HDFC GOLD FUND Date Period Scheme Returns

(%)Benchmark

Returns (%)#


Scheme (`)

Benchmark (`)#

Mar 31, 16 Last 1 Year 1.09 -1.54 10,109 9,846Mar 31, 14 Last 3 Years -1.61 1.16 9,524 10,351Jan 01, 13 Since Inception -3.01 -1.50 8,784 9,380

Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # Domestic Price of Physical Gold. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Krishan Kumar Daga since inception.




ANUPAM JOSHI NAV as on Mar 31, 2017 ` 3,208.9181

HDFC LIQUID FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 24, 17 Last 7 days 0.14 0.14 0.09 10,014 10,014 10,009Mar 16, 17 Last 15 days 0.29 0.29 0.25 10,029 10,029 10,025Feb 28, 17 Last 1 Month 0.57 0.57 0.56 10,057 10,057 10,056Mar 31, 16 Last 1 Year 7.31 7.11 7.15 10,731 10,711 10,715Mar 31, 14 Last 3 Years 8.19 8.04 7.85 12,668 12,613 12,549Dec 31, 12 Since Inception 8.54 8.38 7.42 14,167 14,079 13,556


NAV as on Mar 31, 2017 ` 18.1775

HDFC MEDIUM TERM OPPORTUNITIES FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 35.4271

HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN - RETAIL OPTION Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.0014


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Composite Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Anupam Joshi since inception.

NAV as on Mar 31, 2017 ` 10.9933


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





NAV as on Mar 31, 2017 ` 11.2988


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





ANIL BAMBOLI NAV as on Mar 31, 2017 ` 58.5939

HDFC HIGH INTEREST FUND - DYNAMIC PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 32.9411

HDFC SHORT TERM PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 18.1005

HDFC SHORT TERM OPPORTUNITIES FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 27.5510

HDFC GILT FUND - SHORT TERM PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # I-Sec Si-Bex ## CRISIL 1 year T-Bill Index.

ANUPAM JOSHI....CONTINUED





NAV as on Mar 31, 2017 ` 34.3165

HDFC GILT FUND - LONG TERM PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # I-Sec Li-Bex ## CRISIL 10 year Gilt Index.

NAV as on Mar 31, 2017 ` 3,395.8471

HDFC CASH MANAGEMENT FUND - SAVINGS PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 2,506.0700

HDFC CASH MANAGEMENT FUND - CALL PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Liquid Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 13.2777

HDFC BANKING AND PSU DEBT FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.0871

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN A Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark as the scheme can invest only in instruments having maturity upto the opening of the immediately following specified transaction period, which is at annual intervals. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 13.9993

HDFC ANNUAL INTERVAL FUND - SERIES I - PLAN B Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark as the scheme can invest only in instruments having maturity upto the opening of the immediately following specified transaction period, which is at annual intervals. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 13.7283


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7304


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7762


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7503


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Term Bond Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception. Performance of FMP schemes, being close-ended in nature, is not strictly comparable with that of open-ended schemes since the investment strategy for FMP schemes is primarily buy-and-hold whereas open-ended schemes are actively managed.





NAV as on Mar 31, 2017 ` 13.7210


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6708


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6128


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7000


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.7398


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.1465


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#


(`)##Mar 31, 16 Last 1 Year 7.97 9.10 7.15 10,797 10,910 10,715Mar 31, 14 Last 3 Years 8.61 9.29 7.85 12,816 13,056 12,549Dec 27, 13 Since Inception 8.75 9.39 7.90 13,147 13,400 12,813


NAV as on Mar 31, 2017 ` 13.8331


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.1830


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 14.3358


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.3079


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 13.4952


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.6705


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Short Composite Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 12.8669


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0157


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0147


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9802


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9455


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9077


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8563


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0166


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.9699


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0209


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9754


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0075


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0480


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8294


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8502


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.8782


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.9025


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0074


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#








NAV as on Mar 31, 2017 ` 12.9741


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0363


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0263


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0456


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0229


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.0681


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.1046


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.3222


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 13.1933


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.6477


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 12.6256


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.7426


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.5729


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.4968


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.3991


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.2960


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.2331


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.1741


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.1013


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 12.0417


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#









NAV as on Mar 31, 2017 ` 11.6135


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.5836


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.5283


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.4282


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3175


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





NAV as on Mar 31, 2017 ` 11.2260


Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#





MITEN LATHIA NAV as on Mar 31, 2017 ` 255.904

HDFC CAPITAL BUILDER FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY PRASHANT JAIN & SHOBHIT MEHROTRA

NAV as on Mar 31, 2017 ` 42.2775

HDFC MF MIP LONG TERM PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




CO-MANAGED BY VINAY KULKARNI & SHOBHIT MEHROTRA

NAV as on Mar 31, 2017 ` 29.5627

HDFC MF MIP SHORT TERM PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#








CO-MANAGED BY VINAY KULKARNI & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 12.1290

HDFC CPO - II - 36M MAY 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is managed by Mr. Vinay Kulkarni & Anil Bamboli since inception.

NAV as on Mar 31, 2017 ` 12.0839

HDFC CPO - II - 36M JUNE 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.4838

HDFC CPO - III - 1207D DECEMBER 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.7036

HDFC CPO - III - 1100D OCTOBER 2014 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




NAV as on Mar 31, 2017 ` 11.3777

HDFC CPO - III - 1173D JANUARY 2015 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#




Performance of close-ended Scheme is not strictly comparable with that of open-ended schemes since the investment strategy for close-ended schemes is primarily buy and hold whereas open ended schemes are actively managed.

CO-MANAGED BY ANIL BAMBOLI & MITEN LATHIA

NAV as on Mar 31, 2017 ` 16.9527

HDFC DYNAMIC PE RATIO FUND OF FUNDS Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive Index ## nIFTY 50 Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments. The Scheme is in existence for more than 1 year but less than 5 years. The scheme is managed by Mr. Anil Bamboli & Miten Lathia since inception.

CO-MANAGED BY CHIRAG SETALVAD & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 29.7643

HDFC MULTIPLE YIELD FUND - PLAN 2005 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 1 year T-Bill Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark in view of hybrid nature of the scheme where a portion of scheme’s investments are made in equity instruments.

CO-MANAGED BY VINAY KULKARNI, KRISHAN KUMAR DAGA & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 33.4740

HDFC EQUITY SAVINGS FUND Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # 30% nIFTY 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index ## CRISIL 10 year Gilt Index. Scheme performance may not strictly be comparable with that of its Additional Benchmark, since a portion of scheme’s investments are made in equity instruments.

CO-MANAGED BY KRISHAN KUMAR DAGA & ANIL BAMBOLI

NAV as on Mar 31, 2017 ` 11.2811

HDFC DAF - II - 1160D JANUARY 2016 Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Debt Hybrid 75+25 Fund Index ## CRISIL 1 year T-Bill Index. The Scheme is in existence for more than 1 year but less than 3 years. The scheme is co-managed by Mr. Krishan Kumar Daga & Anil Bamboli since inception.




CO-MANAGED BY CHIRAG SETALVAD & SHOBHIT MEHROTRA

NAV as on Mar 31, 2017 ` 14.538

HDFC RETIREMENT SAVINGS FUND - EQUITY PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # nIFTY 500 ## nIFTY 50.

NAV as on Mar 31, 2017 ` 14.150

HDFC RETIREMENT SAVINGS FUND - HYBRID EQUITY PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL Balanced Fund - Aggressive ## nIFTY 50.

NAV as on Mar 31, 2017 ` 11.9836

HDFC RETIREMENT SAVINGS FUND - HYBRID DEBT PLAN Date Period Scheme

Returns (%)

Benchmark Returns

(%)#


Returns (%) ##


Scheme (`)

Benchmark (`)#



Past performance may or may not be sustained in the future. Returns are compounded annualized (CAGR). # CRISIL MIP Blended Index ## CRISIL 10 Year Gilt Index.


Fund ManagerAn employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh SubscriptionThis is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional AmountThis is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to MaturityThe Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIPSIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.

NAVThe nAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The nAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

BenchmarkA group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the nIFTY, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry LoadA mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund.

The entry load is added to the prevailing nAV at the time of investment. For instance, if the nAV is Rs. 100 and the entry load is 1 %, the investor will enter the fund at Rs. 101. (note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor).

Exit LoadExit load is charged at the time an investor redeems the units of a mutual fund. The exit load is reduced from the prevailing nAV at the time of redemption. The investor will receive redemption proceed at net value of nAV less Exit Load. For instance if the nAV is Rs. 100 and the exit load is 1%, the investor will receive Rs. 99.

Modified DurationModified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard DeviationStandard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe RatioThe Sharpe Ratio, named after its founder, the nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta Ratio (Portfolio Beta)Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

Average portfolio PE (Average P/E)It is price to earnings ratio of the stocks calculated for the entire portfolio on a weighted average basis.

Average portfolio price to book ratio (Average P/BV)It is price to book value of the stocks calculated for the entire portfolio on a weighted average basis.

Average portfolio dividend yield (Average Dividend Yield)It is dividend yield of the stocks calculated for the entire portfolio on a weighted average basis.

Net Equitynet equity level is the net equity exposure percentage adjusted for any derivative positions in stocks or index for hedging or rebalancing purpose.

R SquaredIt is a statistical measure of how closely the portfolio returns are correlated with its benchmark.

AUMAUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

HoldingsThe holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of SchemeThe investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating ProfileMutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

HOW TO READ FACTSHEET

Sharpe RatioSharpe Ratio is a risk to reward ratio, it measures portfolio returns generated in excess to the investment in risk-free asset, for per unit of total risk taken. While, positive Sharpe ratio indicates, portfolio compensating investors with excess returns (over risk-free rate) for the commensurate risk taken; negative Sharpe ratio indicates, investors are better off investing in risk-free assets.

BetaBeta ( ) of a portfolio is a number indicating the relation between portfolio returns with that of the market index i.e. it measure the volatility, or systematic risk, of a portfolio in comparison to the market as a whole.

Modified DurationA formula that expresses the measurable change in the value of a security in response to a change in interest rates. Modified duration of portfolio can be used to anticipate the change in market value of portfolio for every change in portfolio yield.

Standard DeviationA statistical measure that defines expected volatility/risk associated with a portfolio. This explains the variation/deviation from the average returns delivered by the portfolio. A higher standard deviation means higher volatility (risk) and a lower standard deviation means lower volatility.

Risk Free ReturnThe theoretical rate of return of an investment with safest (zero risk) investment in a country.

Tracking ErrorTracking error indicates how closely the portfolio return is tracking the benchmark Index return. It measures the deviation between portfolio return and benchmark index return. A lower tracking error indicates portfolio closely tracking benchmark index and higher tracking error indicates portfolio returns witHigher deviation from benchmark index returns.

Total Expense RatioTotal expenses charged to scheme for the month expressed as a percentage to average monthly net assets.

Average MaturityWeighted average maturity of the securities in scheme.

Portfolio Yield (Yield To Maturity)Weighted average yield of the securities in scheme portfolio.

GLOSSARY


Dividend History ^

^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit nAV falls to the extent of the payout and statutory levy, if any. * Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared.

HDFC Growth Fund (Past 3 years) Dividend Option

Record Date Regular Plan Direct Plan

Cum Div NAV (`)

Dividend per Unit (`) For Cum Div NAV (`)

Dividend per Unit (`) For

Individuals & HUF Others Individuals & HUF OthersFeb 12, 15 33.959 3.50 3.50 34.313 3.50 3.50Feb 18, 16 25.839 2.50 2.50 26.276 2.50 2.50Feb 23, 17 31.704 3.00 3.00 32.506 3.00 3.00

HDFC Equity Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMar 19, 15 59.842 5.50 5.50 60.828 5.50 5.50Mar 17, 16 45.848 4.50 4.50 47.059 4.50 4.50Mar 23, 17 54.903 5.00 5.00 56.993 5.00 5.00

HDFC Top 200 Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Capital Builder Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersFeb 19, 15 31.424 3.00 3.00 31.766 3.00 3.00Feb 25, 16 23.429 2.75 2.75 23.920 2.75 2.75Mar 01, 17 28.767 3.00 3.00 29.796 3.00 3.00

HDFC Core & Satellite Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Premier Multi-Cap Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Arbitrage Fundnormal Dividend Option Record Date Wholesale Plan Direct Plan

Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersJan 23, 17 10.550 0.050 0.050 10.776 0.050 0.050Feb 20, 17 10.557 0.050 0.050 10.779 0.050 0.050Mar 27, 17 10.548 0.050 0.050 10.776 0.050 0.050

Monthly Dividend Option (Past 3 months )Record Date Wholesale Plan Wholesale Plan - Direct Plan

Cum Div NAV (`)




HDFC Large Cap Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersFeb 26, 15 25.817 2.50 2.50 26.048 2.50 2.50Feb 18, 16 - - - 19.186 1.75 1.75Feb 23, 17 22.342 2.25 2.25 24.880 2.25 2.25

HDFC Mid-Cap Opportunities Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Small Cap Fund (Past 3 years) Dividend Option


Cum Div NAV (`)




HDFC Balanced Fund (Past 3 quarters) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersSep 26, 16 28.897 0.500 0.500 31.031 0.500 0.500Dec 26, 16 26.950 0.500 0.500 29.053 0.500 0.500Mar 27, 17 29.382 0.500 0.500 31.801 0.500 0.500

HDFC Prudence Fund (Past 3 months) Dividend Option


Cum Div NAV (`)




HDFC Long Term Advantage Fund (Past 3 years) Dividend Option(An open-ended equity linked savings scheme with a lock-in period of 3 years)


Cum Div NAV (`)




HDFC TaxSaver (Past 3 years) Dividend Option(An open-ended equity linked savings scheme with a lock-in period of 3 years)


Cum Div NAV (`)




HDFC Infrastructure Fund (Past 3 years) Dividend Option


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMar 05, 15 17.557 1.500 1.500 - - -Mar 17, 16 12.129 1.000 1.000 - - -Mar 23, 17 14.388 1.500 1.500 17.736 1.500 1.500


Dividend History ^

^ Past performance may or may not be sustained in the future. There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly. All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit nAV falls to the extent of the payout and statutory levy, if any.* Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared.

HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus) Short Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months)


Cum Div NAV (`)




Quarterly Dividend Option (Past 3 quarters)


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersSep 26, 16 12.1803 0.2100 0.1946 12.5296 0.2100 0.1946Dec 26, 16 11.8592 0.2100 0.1946 12.2419 0.2100 0.1946Mar 27, 17 12.0571 0.2100 0.1946 12.4901 0.2100 0.1946

HDFC MF Monthly Income Plan (MIP) (An open-ended income scheme. Monthly income is not assured and is subject to availability of distributable surplus)

Long Term Plan (Dividend Option) - Monthly Dividend Option (Past 3 months)Record Date Regular Plan Direct Plan

Cum Div NAV (`)


Dividend per Unit (`) ForIndividuals & HUF Others Individuals & HUF Others

Jan 25, 17 14.6271 0.0800 0.0741 14.9650 0.0800 0.0741Feb 27, 17 14.3464 0.0800 0.0741 14.6883 0.0800 0.0741Mar 27, 17 14.4737 0.0800 0.0741 14.8277 0.0800 0.0741

Quarterly Dividend Option (Past 3 quarters)Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Sep 26, 16 15.3840 0.2400 0.2224 15.6968 0.2400 0.2224Dec 26, 16 14.9727 0.2400 0.2224 15.3076 0.2400 0.2224Mar 27, 17 15.2334 0.2400 0.2224 15.6047 0.2400 0.2224

HDFC Equity Savings Fund (Past 3 quarters) Dividend Option

Record Date Regular Plan Direct PlanCum Div NAV (`)



Oct 04, 16 11.9310 0.5000 0.5000 12.2200 0.5000 0.5000Dec 26, 16 11.1970 0.2500 0.2500 11.5180 0.2500 0.2500Mar 27, 17 11.8030 0.2500 0.2500 12.1960 0.2500 0.2500

HDFC Multiple Yield Fund - Plan 2005 (Past 3 years) Dividend Option




Feb 12, 15 12.7502 0.0871 0.8078 13.3081 0.0871 0.8078Mar 03, 16 11.9008 0.7223 0.6692 12.5570 0.7223 0.6692Mar 09, 17 12.3216 0.7945 0.7361 13.1369 0.7945 0.7361

HDFC Income Fund (Past 3 quarters) Quarterly Dividend Option




Sep 26, 16 11.9461 0.3500 0.3243 12.4051 0.4000 0.3706Dec 26, 16 11.5668 0.2000 0.1853 11.9864 0.2000 0.1853Mar 27, 17 11.2246 0.1000 0.0926 11.6671 0.1000 0.0926

HDFC High Interest Fund - Dynamic PlanQuarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Sep 26, 16 12.7461 0.4000 0.3706 13.1166 0.4000 0.3706Dec 26, 16 12.3745 0.2000 0.1853 12.7711 0.2000 0.1853Mar 27, 17 12.1066 0.1000 0.0926 12.5222 0.1000 0.0926

HDFC High Interest Fund - Dynamic PlanHalf-yearly (Dividend Option) (Past 2 years) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Mar 28, 16 11.6403 0.2000 0.1853 11.3264 0.2000 0.1853Sep 26, 16 12.4286 0.5500 0.5096 13.2283 0.5500 0.5096Mar 27, 17 11.8514 0.3000 0.2779 12.7027 0.3000 0.2779

Yearly (Dividend Option) (Past 3 years) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Mar 25, 15 13.5259 0.9000 0.8346 13.7872 0.9000 0.8346Mar 28, 16 13.0240 0.4000 0.3706 13.4221 0.4500 0.4169Mar 27, 17 13.8526 0.8500 0.7875 14.3149 0.8500 0.7875

HDFC High Interest Fund - Short Term Plannormal Dividend OptionRecord Date Regular Plan Direct Plan

Cum Div NAV (`)



Jan 25, 17 - - - 10.8873 0.0100 0.0092Feb 27, 17 - - - 10.8354 0.0617 0.0571Mar 10, 17 - - - 10.7344 0.0610 0.0565Mar 27, 17 - - - 10.7513 0.1021 0.0946

HDFC Short Term PlanMonthly Dividend Option (Past 3 months)Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Jan 25, 17 10.4472 0.0605 0.0560 10.4243 0.0681 0.0631Feb 27, 17 10.4087 0.0326 0.0302 10.3811 0.0369 0.0342Mar 27, 17 10.4072 0.0316 0.0292 10.3796 0.0358 0.0332

HDFC Medium Term Opportunities FundQuarterly Dividend Option (Past 3 quarters) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Sep 26, 16 10.5054 0.1581 0.1465 10.5833 0.1613 0.1494Dec 26, 16 10.4885 0.1494 0.1384 10.5665 0.1527 0.1415Mar 27, 17 10.4420 0.1592 0.1475 10.5178 0.1610 0.1492

HDFC Gilt FundShort Term Plan (Dividend Option) (Past 3 quarters) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Sep 26, 16 11.7199 0.3000 0.2779 11.8681 0.3000 0.2779Dec 26, 16 11.5398 0.2000 0.1853 11.6983 0.2000 0.1853Mar 27, 17 11.3900 0.1000 0.0926 11.5576 0.1000 0.0926

Long Term Plan (Dividend Option) (Past 3 quarters) Record Date Regular Plan Direct Plan

Cum Div NAV (`)



Aug 26, 16 11.9989 0.4000 0.12779 12.8083 0.4000 0.3706Dec 26, 16 11.5925 0.2000 0.1853 11.8180 0.2000 0.1853Mar 27, 17 11.2405 0.1000 0.0926 11.4767 0.1000 0.0926

HDFC Liquid FundMonthly Dividend Option (Past 3 months) Record Date

Regular Plan Direct PlanCum Div NAV (`)



Jan 30, 17 1032.6458 4.5833 4.2464 1032.7448 4.6549 4.3126Feb 27, 17 1031.3908 3.6769 3.4066 1031.4700 3.7341 3.4596Mar 27, 17 1031.4435 3.7150 3.4418 1031.5273 3.7755 3.4979


Dividend History ^

Disclaimer: The information contained herein should not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of HDFC Asset Management Company Limited (HDFC AMC) or the relevant owner of the intellectual property, as the case may be. All Intellectual property and intellectual property rights belong to the relevant owner of the intellectual property, and “Intouch Mutually” is a trademark of HDFC AMC. Any information herein contained does not constitute and shall be deemed not to constitute an advice, an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity, and further, HDFC AMC/its subsidiaries/affiliates/sponsors/trustee (HDFC AMC Group) or their officers, employees, personnel, directors may be associated in a commercial, professional or personal capacity or may have a commercial interest including as proprietary traders in or with the securities and/ or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render (HDFC AMC Group) liable in any manner whatsoever & (HDFC AMC Group) or any of their officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any informa-tion that may be displayed in this publication from time to time. Recipients of the information contained herein should exercise due care and caution and read the Scheme Information Document(s) and Statement of Additional Information (including if necessary, obtaining the advice of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained herein. The printing and mailing cost of this newsletter is charged to the respective schemes subject to Securities & Exchange Board of India (Mutual Funds) Regulations, 1996.

HDFC Index Fund – SEnSEx Plan & SEnSEx Plus Plan (“Schemes”) is based on the S&P BSE SEnSEx Index. S&P® is a registered trademark of S&P Financial Services Limited (S&P). BSE® and SEnSEx® are registered trade-marks of BSE Limited. The Schemes is not sponsored, endorsed marketed or promoted by S&P, BSE or their respective affiliates. Please refer to the Scheme Information Document for disclaimers w.r.t. S&P BSE SENSEX Index.

For HDFC Index Fund - nIFTY Plan: The Scheme of HDFC Mutual Fund (the “Product(s)”) are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the nIFTY Indices to track general stock market performance in India. The relationship of IISL with HDFC Asset Management Company Limited (“the Issuer/Licensee”) is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by IISL without regard to the Issuer /Licensee or the Product(s). IISL does not have any obligation to take the needs of the Issuer/Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the nIFTY Indices. IISL is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Product(s).

IISL is engaged in the business of developing, constructing, compiling, computing and maintaining various equity indices. The relationship of IISL to HDFC AMC is only in respect of the rights granted to use certain trademarks and trade names of the Index in connection with the utilisation of the Index data relating to such Index. The Index is determined, composed and calculated by IISL without regard to HDFC AMC. IISL has no obligation to take the needs of HDFC AMC into consideration in determining, composing or calculating the nIFTY Indices.

IISL do not guarantee the accuracy and/or the completeness of nIFTY Indices or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL make no warranty, express or implied, as to results to be obtained by HDFC AMC or any other person or entity from the use of nIFTY Indices or any data included therein. IISL make no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, IISL expressly disclaim any and all liability for any damages or losses aris-ing out of the use of NIFTY Indices or any data included therein by any third party, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it.

HDFC Floating Rate Income Fund - Short Term PlanMonthly Dividend Option (Past 3 months) Record Date Wholesale Option Wholesale Option - Direct Plan

Cum Div NAV (`)



Jan 30, 17 10.2370 0.0671 0.0622 10.2380 0.0678 0.0628Feb 27, 17 10.1751 0.0224 0.0207 10.1760 0.0230 0.0213Mar 27, 17 10.1987 0.0394 0.0365 10.1995 0.0400 0.0371Record Date Retail Option

Cum Div NAV (`)

Dividend per Unit (`) ForIndividuals & HUF Others

Jan 30, 17 10.2350 0.0657 0.0608Feb 27, 17 10.1736 0.0213 0.0197Mar 27, 17 10.1971 0.0383 0.0355

HDFC Cash Management Fund - Treasury Advantage PlanMonthly Dividend Option (Past 3 months) Record Date Retail Option Retail Option - Direct Plan

Cum Div NAV (`)



Dec 26, 16 - - - 10.1448 0.0017 0.0015Feb 27, 17 10.1618 0.0157 0.0146 10.1697 0.0196 0.0182Mar 27, 17 10.1856 0.0329 0.0305 10.1937 0.0370 0.0343Record Date Wholesale Option

Cum Div NAV (`)

Dividend per Unit (`) ForIndividuals & HUF Others

Dec 26, 16 10.1621 0.0015 0.0014Feb 27, 17 10.1869 0.0194 0.0180Mar 27, 17 10.2107 0.0366 0.0339

HDFC Corporate Debt Opportunities FundHalf-yearly Dividend Option (Past 2 years)


Cum Div NAV (`)



Individuals & HUF Others Individuals & HUF OthersMar 28, 16 10.7078 0.1560 0.1445 10.7651 0.1560 0.1445Sep 26, 16 11.1534 0.4842 0.4486 11.2653 0.5649 0.5234Mar 27, 17 10.9005 0.3051 0.2827 10.9506 0.3412 0.3161

^ Past performance may or may not be sustained in the future.There is no assurance or guarantee to Unit holders as to rate/quantum of dividend distribution nor that the dividends will be paid regularly.All dividends are on face value of ` 10 per Unit. After payment of the dividend, the per Unit nAV falls to the extent of the payout and statutory levy, if any.* Please log on to www.hdfcfund.com for Record Date-wise listing of dividends declared


ANDHRA PRADESHHDFC AMC Ltd., 18-2-299/B, 1st Floor, Leela Mahal Circle, Tirumala Bypass Road, Tirupati - 517 507.Tel: (0877) 2222 871 / 872 / 873 / 874, Fax: (0877) 2222689.HDFC AMC Ltd., 2nd Floor, Above HDFC Bank, near Benz Circle, M. G. Road, Vijayawada - 520 010.Tele Fax: (0866) 3988029.HDFC AMC Ltd., First Floor, Saigopal Arcade, Waltair Main Road, Siripuram, Visakhapatnam - 530 003.Tel: (0891) 3263457, 6634001, Fax: (0891) 6634004.

ASSAMHDFC AMC Ltd., Premises- 1C, 1st Floor, Ganpati Enclave, G.S.Road, Guwahati - 781 007.Tel: (0361) 2464759/60. Fax: (0361) 2464758.

BIHARHDFC AMC Ltd., Ishwari Complex, 1st Floor, Dr. Rajendra Prasad Road, Bhagalpur - 812 002.Tel: (0641) 2300 390, Fax: (0641) 2300391.HDFC AMC Ltd., Premises no. 04, 1st Floor, Dighra House, KPS Market, (Above Bandhan Bank),Pani Tanki Chowk, Ramna, Muzaffarpur - 842001.Tel: (0621) 2245036/37, Fax: (0621) 2245037.HDFC AMC Ltd., C/o Hera Enclave (Above TATA Docomo Office), 1st Floor, New Dak Bunglow Road, Patna - 800 001.Tel: (0612) 6457554/6457557/ 3201439, Telefax: (0612) 2200747.

CHHATTISGARHHDFC AMC Ltd., Shop no 1, Ground Floor, Old Sada Office Block, Nehru Nagar East, Bhilai - 490020.Tel: (0788) 4092948, 4092846, Fax: (0788) 4092901.HDFC AMC Ltd., 2nd Floor, Rama Trade Centre, Opposite Rajiv Plaza, near Bus stand, Bilaspur - 495 001.Tel: (07752) 400305/ 06. Fax: (07752) 400307.HDFC AMC Ltd., Ground Floor, Chawla Complex, Devendra nagar, Sai nagar Road, near Vanijya Bhawan, near Indhira Gandhi Square, Raipur - 492 001. Tel: (0771) 4020 167 / 168.

DELHIHDFC AMC Ltd., Ground Floor - 2 & 3 and First Floor, Prakashdeep Building, 7, Tolstoy Marg, Connaught Place,New Delhi - 110 001.Tel: (011) 6632 4000, Fax: (011) 23351317 /18.HDFC AMC Ltd. Unit Nos. 402, 404, 406, 4th floor, Mahatta Tower, 54 B-1 Block, Community Center, Janakpuri,New Delhi - 110 058. Fax: (011) 41082131HDFC AMC Ltd., 134/4 , Bhandari House, Lala Lajpat Rai Marg, Kailash Colony - Main Road, near Kailash Colony Metro Station, South Delhi, New Delhi - 110 048.Tel : 011-29244801/02. Fax : 011-29244805.

GOAHDFC AMC Ltd., Ground Floor, G3 & G4, Jivottam, Minguel Miranda Road, Off. Abade Faria Road, Margao - 403 601. Salcete. Tel: (0832) 2737410 / 11. Fax: (0832) 2736477.HDFC AMC Ltd., S1, Second Floor, Above Axis Bank, Edcon Centre, Angod, Mapusa - 403 507, Bardez, Goa. Tel: (0832) 2253 460 / 461, Fax: (0832) 2253465.HDFC AMC Ltd., A-3, First Floor, Krishna Building, Opp. Education Department, Behind Susheela Building, G. P. Road, Panaji - 403 001. Tel: 0832 - 2425609, 2425610, Fax: 0832 - 2425614.HDFC AMC Ltd., 6, Ground Floor, Pereira Chambers, Padre Jose Vaz Road, Vasco - 403 802, Mormugao. Tel: (0832) 2513 402 / 406, Fax: (0832) 2513448.

GUJARATHDFC AMC Ltd., 2nd Floor, Amruta Arcade, Maninagar station road, Maninagar, Ahmedabad - 380 008.HDFC AMC Ltd., 2nd Floor, Megha House, Besides GRUH House, Mithakhali Six Roads, Ahmedabad - 380 009. Tel.: 079 – 40220099/00, Fax: 079 - 40050506.HDFC AMC Ltd., Maruti Sharanam, no.117, 1st Floor, Anand-Vidhyanagar Road, Opposite nandbhumi Party Plot, Anand - 388 001. Tel: (02692) - 398200, Fax: (02692) - 398222.HDFC AMC Ltd., 3rd Floor, Shreemangalam Complex, Above IDBI Bank, Patel Society Road, Ward no. 1, Kasak Circle, Bharuch - 392 012. Tel: (0264) 2227205, Fax: (0264) 2227206.HDFC AMC Ltd., 2nd Floor, Gangotri Plaza, Opposite Daxinamurty School, Waghawadi Road, Bhavnagar - 364 001. Tel: (0278) - 3988029, Fax: (0278) - 3984039.HDFC AMC Ltd., 1st Floor, B Wing, Katira Complex, RTO Circle, Bhuj - 370 001. Tel: (02832) 223 223, Fax: (02832) 251. 946.

HDFC AMC Ltd., 2nd Floor, Keshav Complex, P n Marg, Opposite Dhanvantry, Jamnagar - 361 001. Tel: (0288) - 3988029, 2555663, Fax: (0288) - 3982426.HDFC AMC Ltd., 1st Floor, nos. 104 - 105, MaryGold-2 Complex, Opp. Bahhaudin College, College Road, Junagadh - 362001. Tel: (0285) 2670622/23, Fax: (0285) 2670624.HDFC AMC Ltd., F-2, First Floor, Sigma Oasis Complex, near HDFC Bank, State Highway Road, Mehsana - 384002,Tel: 02762-230121.HDFC AMC Ltd., 1st Floor, nandini Complex, Above HDFC Bank, Opp. Daboo Hospital, Station Road, Navsari - 396445. Tel: (02637) 252681/82/83, Fax: (02637) 252684.HDFC AMC Ltd., 2nd Floor, Shiv Darshan, Dr. Radha Krishnan Road, 5, Jagnath, Plot Corner, Rajkot - 360 001. Tel: 0281- 6624881 / 82, Fax: 0281 - 6624883.HDFC AMC Ltd., U1 - U3, Jolly Plaza, Opp. Athwa Gate Police Station, Athwa Gate, Surat - 395 001.Tel: 0261 – 2460082 / 83, Fax: 0261 - 2460091.HDFC AMC Ltd., Upper Ground Floor, Gokulesh, R. C. Dutt Road, Vadodara - 390 007. Tel: 0265 - 6621110 / 20, Fax: 0265 - 6621150.HDFC AMC Ltd., 5-B, 2nd Floor, Sapphire Building, Daulatnagar, Chala-Vapi Road, Vapi - 396 191. Tel: (0260) 3983900, Fax: (0260) 3983908.

HARYANAHDFC AMC Ltd., 3rd Floor, Shanti Complex, Jagadhri Road, Opp.Civil Hospital, Ambala Cantt - 133001. Tel: (0171) 2631995, Fax: (0171) 2631994.HDFC AMC Ltd., TA - 12A, 15-18, Third Floor, Crown Plaza, Sector 15A, Mathura Road, Faridabad - 121 001. Tel: (0124) 2221 338 / 339 / 341 / 342 / 343, Fax: (0129) 2221340.HDFC AMC Ltd., Premises 105, 106 & 107, 1st Floor, Vipul Agora Building, MG Road, Gurgaon - 122 002. Tel: (0124) 4056 916/ 4056 781 / 4056 586 / 4054 722, Fax: (0124) 4056 755.HDFC AMC Ltd., 1175 B Royal 1, 1st Floor, Adjoining Gurudawara, G.T Road, Panipat - 132 103. Tel: (0180) 3985400/ 01, Fax: (0180) 3985403.

HIMACHAL PRADESHHDFC AMC Ltd., 2nd Floor, Opposite Town Hall, 30, The Mall, Shimla - 171 001. Tel: (0177) 2816861.

JAMMU & KASHMIRHDFC AMC Ltd., Hall no-102 A/2, South Block, Bahu Plaza, Gandhi nagar, Jammu - 180 012. Tel: (0191)-2477911/12/13 / (0191) 2474297/98/99.

JHARKHANDHDFC AMC Ltd., Office Unit No. 105 & 106,1st Floor, Ozone Plaza, Bankmore, Dhanbad Jharia Road, Dhanbad - 826 001. Tel: (0326) 3205352, 2300552, Fax: (0326) 2301756.HDFC AMC Ltd., Gayatri Enclave, 2nd Floor, “K Road”, Bistupur, Jamshedpur - 831 001.Tel: (0657) 3021203/05, Telefax: (0657) 3021204.HDFC AMC Ltd., Pradhan Towers, 1st Floor, 5, Main Road, Ranchi - 834 001. Tel: (0651) 6003358, 3242077. Fax: (0651) 3988029.

KARNATAKAHDFC AMC Ltd., nitesh Broadway, no. 9/3, 1-A, Ground Floor, M. G. Road, Opposite Trinity Metro Station, Bangalore - 560001. Tel: 080-66205300, Fax: 080-41125255.HDFC AMC Ltd., #80/1, Ground Floor, Sriranga nilaya, West Park Road,18th Cross Road, Malleswaram, Bangalore - 560 003.HDFC AMC Ltd., Garla Garnet no. 119/A/36, 9th Main, 4th Block, Jayanagar, Bangalore - 560011. Tel no: (080) 41460260/61/62, Fax no: (080) 41460263.HDFC AMC Ltd., no. 3, 1st Floor, A.V.S. Compound, 80 feet Road, Koramangala, Bangalore - 560 034.HDFC AMC Ltd., Premises no. 4830 / B, First Floor,Dr. Ambedkar Road, Opp. Civil Medical College, Belgaum - 590 002. Tel: (0831) 4206 915 / 916 / 918, Fax: (0831) 4206918.HDFC AMC Ltd., Office No. 39 (Old No - 41), Ground Floor, Behind Maremma Temple, Opposite HDFC Bank, Kappagal Road, Bellary - 583103.Tel: 08392-256577. Fax: 08392-256575.HDFC AMC Ltd., 190/3, 1st Floor, S.V.C. Plaza, Opposite Mothi Talkies, Gandhi Circle, Davangere - 577 002. Tel: (08192) 250 240 / 241 / 242, Fax: (08192) 250243.HDFC AMC Ltd., no. 1, First Floor, Revankar Comforts, Vivekanand Road, Court Circle, Hubli - 580 029. Tel: (0836) 4252 294 / 95. Fax: (0836) 4252 290.

HDFC AMC Ltd., UG-II, 6 & 7, Upper Ground Floor, Maximus Commercial Complex, Light House Hill Road, Opp. KMC, Mangalore - 575 001. Tel. 0824 – 6620667/668, Fax: 0824 – 6620666.HDFC AMC Ltd., no. 2918, CH 51 / 1 B, 1st Floor, Patel Mansion, Kantharaj Urs Road, Saraswathipuram, Mysore - 570 009. Tel: (0821) 4000 530, Fax: (0821) 4000 535.

KERALAHDFC AMC Ltd., 3rd Floor, City Mall, Opposite YMCA, Kannur Road, Calicut - 673 001. Tel: (0495) - 4099222 / 333, 3982310, Fax: (0495) - 3982330.HDFC AMC Ltd., Ground Floor Cinema cum Commercial Complex, Behind Ravipuram Bus Stop, M. G. Road, Kochi - 682 016. Tel: 0484 - 6555155 / 255, Fax: 0484 - 2358462.HDFC AMC Ltd., 14/868, Ground Floor, Sri Krishna Complex, Coimbatore Road, Palghat - 678 001.Tel: (0491) 2548300/302, 6452188, Fax: (0491) 2548303.HDFC AMC Ltd., 2nd Floor, E-Town Shopping, College Road, East Fort, Thrissur - 680 005. Tel: (0487) 2441976. Telefax: (0487) 2422925.HDFC AMC Ltd., 1st Floor, Kaniamparambil Arcade, G S Junction, Shastri Road, Kottayam - 686 001. Tel: (0481) 2585456 / 57. Fax: (0481) 3018397.HDFC AMC Ltd., Ground Floor, Bhadra Tower, Cotton Hill Road, Vazhuthacaud, Thycaud P.O., Trivandrum – 695 014. Tel: (0471) 3983 730 / 731 / 732 Fax: (0471) 3983738.

MADHYA PRADESHHDFC AMC Ltd., 1st Floor, Ranjeet Tower, 8, Zone-II, M. P. nagar, Bhopal - 462 011. Tel: 0755 - 4285385, 4246995, Fax: 0755 - 4058890.HDFC AMC Ltd., M1, M2 & M3, Mezzanine Floor, Sterling Arcade,15 / 3, Race Course Road, Indore - 452 001.Tel: 0731 - 4022241 / 42. Fax: 0731 - 4245436.HDFC AMC Ltd., First Floor, Muthye Udyog Bhawan,1039, Wright Town, Opp. Telephone Exchange, Jabalpur - 482 002. Tel: (0761) - 4049800, 3988029 Fax: (0761) - 4068814.HDFC AMC Ltd., First Floor, Alakhnanda Towers, Shrimant Madhav Rao Scindia Marg, City Centre, Gwalior - 474 001. Tel: (0751) - 4066060, 3988029 Fax: (0751) – 3982803.

MAHARASHTRAHDFC AMC Ltd., 1st Floor, Amar Arcade - 2, Opp. Rajapeth Police Station, Raja Peth, Amravati - 444 601. Tel: (0721) 2562 112 / 113 Fax: (0721) 2564115.HDFC AMC Ltd., near Samarth Cyber Cafe, 3419-Khist Galli, Ahmednagar - 414 001. Tel: (0241) 2345 800, Fax: (0241) 2345 801.HDFC AMC Ltd., 2nd Floor, Renuka Commercial Complex, Samarth nagar, nirala Bazar, nageshwar Wadi Road, Aurangabad - 431 001. Tel: (0240) 3988029, Fax: (0240) 3982068.HDFC AMC Ltd., 138, Ground Floor, Kavya Ratnavali Chowk, Omkareshwar Road, Jalgaon – 425 002. Tel: (0257) 3982100/ 01. Fax: (0257) 3982114.HDFC AMC Ltd., Royal Prestige, C1/C9, 1st Floor, E - Ward, Sykes Extension, Rajarampuri Road, Kolhapur - 416 008. Tel: (0231) - 3988029, Fax: (0231) - 3982060.HDFC AMC Ltd.**, Premises nos.. F1, 2, 3 & 4, 1st Floor, “Center Square”, S.V. Road, Andheri (W), Mumbai - 400 058. Tel: (022) 26708239 / 26285389. Fax: (022) 26241131.HDFC AMC Ltd.** Shop no. 5 - 6, 1st Floor, Mayfair 14,Ramdas Sutrale Marg, Off Chandravarkar Road, Borivali (W), Mumbai - 400 092. Tel: (022) 28952702/ 28901497, Fax: (022) 28949392.HDFC AMC Ltd.,* HDFC House, 2nd floor, H.T. Parekh Marg,165-166 Backbay Reclamation, Churchgate, Mumbai - 400 020.Tel: (022) 66316333, Fax: (022) 66580200.HDFC AMC Ltd., Ramon House, 1st Floor, H.T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400 020. Fax: (022) 66146385.HDFC AMC Ltd.**, 119, First Floor, Zest Business Space, M.G Road, Ghatkopar East, Mumbai - 400 077.Tel: (022) 25011507, 25011664, Fax: (022) 25116805.HDFC AMC Ltd.**, # 201, Durga Centre, 2nd Floor, Water Field Road, Bandra (West), Mumbai - 400 050. Tel: (022) 2643 4760 / 762 / 763 / 764, Fax: (022) 2643 4768.HDFC AMC Ltd., 159, 1st floor, Galleria Shopping Mall, Hiranandani Garden, Powai, Mumbai - 400 076.Tel: (022) 2570 8471 / 72. Fax: (022) 2570 8473.HDFC AMC Ltd. Shop no 2, Ground floor, Sunvision Avenue, Opp SBBJ and LIC, S.V Road, Malad (W), Mumbai - 400 064.HDFC AMC Ltd. Shop no 13 & 14, Ground floor, Virar Bolinj Shakti, Agasi Road, Virar (W), Mumbai - 401 303.

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HDFC AMC Ltd., Shop no 127, Bahirwade Chambers, Opp. Hotel Hilton (erstwhile Panchshil), Telco Road, Chinchwad, Pune - 411019. Tel: (020) 2747 7771 / 2, Fax: (020) 2747 7774.HDFC AMC Ltd.**, Shop no. 1 & 2, Ground floor, Gurangi Chambers, Opp. Damani Chambers, near Teen Haath naka, LBS Marg, Thane (West) - 400 602. Tel: (022) 2538 5659, 2539 1125, 2538 6848, 6502 0205, 6536 5246, 6536 5245, 6414 2389, Fax: (022) 25301125.HDFC AMC Ltd., 106-110, 2nd Floor, Shriram Shyam Towers, near nIT Building, Kingsway, Sadar, Nagpur - 440 001. Tel: (0712) 663 0301/02/04, Fax: (0712) 663 0206.HDFC AMC Ltd., G-2, “Suyojit Heights”,Opp. Rajiv Gandhi Bhavan, Sharanpur Road, Nashik - 422 002. Tel: (0253) 6611831 / 32. Fax: (0253) 6611836.HDFC AMC Ltd., Shop no. 2 & 3, East Street Galleria, 2421, East Street, Camp, Pune - 411 001.Tel.: (020) 41223301/02, Fax: (020) 41223310.HDFC AMC Ltd., Ground Floor, City Mall, University Circle, Ganeshkhind Road, Pune - 411 007. Tel: (020) 66073301, Fax: (020) 66073310.HDFC AMC Ltd.,** Office No. 13, Shanti Center Premises, Plot no. 8, Sector 17, Vashi, Navi Mumbai - 400 703. Tel: (022) 27661121. Fax: (022) 39855612.HDFC AMC Ltd.**, 1st Floor, Anant Kuti (Bibikar Bldg.), Manpada Road, Opp. Muncipal Corporation Bldg., Dombivli (East), Mumbai - 421 201. Tel: (0251) 2860 648 / 649 / 645 / 656, Fax: (0251) 2863953.

ORISSAHDFC AMC Ltd., Sri Jagannath Complex, 1st Floor, Opposite Hari - Omm Bhawan, Barbil - 758 035. Tel: 09238106515 / 09238106525, Fax: (06767) 275565.HDFC AMC Ltd., Vinayak, 2nd Floor, 96, Janpath, Bhubaneswar - 751 001. Tel: (0674) 6450502 / 1502, Fax: 0674 - 2531483.HDFC AMC Ltd., 1st Floor, Plot no. 2690 (P), Bajrakabati Road, Ranihat, Cuttack - 753 001. Tel: (0671) 2323724/ 725, Fax: (0671) 2324741.HDFC AMC Ltd., Praful Tower, 1st Floor, Panposh Road, Rourkela - 769 004. Tel: (0661) 2400261/2/7, Fax: (0661) 2400269.HDFC AMC Ltd., Kadambari Complex, 1st Floor, Unit - 4, nayapara, Golbazar, Sambalpur - 768 001. Tel: (0663) 2400 323 / 339, Fax: (0663) 2400324.

PONDICHERRYHDFC AMC Ltd., no.17, I Floor, Sree Velayudham Complex, near Indhira Gandhi Square, natesan nagar, Pondicherry - 605 005. Tel: (0413) 3043 293 / 500 / 600. Fax: (0413) 2206776.

PUNJABHDFC AMC Ltd., SCO-28, 1st Floor, Taneja Towers, District Shopping Complex, Ranjit Avenue, Amritsar -143 001. Tel: (0183) 3988028 /29/ 2570, Fax: (0183) 3982599.HDFC AMC Ltd., Ground Floor, Liberty Chowk, Corner Building, Municipal no. 83 - B, 3A, Bhatinda - 151 001. Tel.: (0164) 5001982, Fax: (0164) 5191283.HDFC AMC Ltd., 1st Floor, SCO- 2909- 2910, Sector - 22-C, Opp. Hotel J W Marriot, Chandigarh - 160 022. Tel: (0172) 5050888, Fax: (0172) 277 1219.HDFC AMC Ltd., Ground Floor, Eminent Mall, Sutheri Road, near Indusind Bank, Hoshiarpur - 146 001.Tel : 01882- 502029, Fax : 01882- 502078.HDFC AMC Ltd., Office No. 31, 1st Floor, City Square Building, Civil Lines, GT Road, Jalandhar - 144001. Tel: (0181) 5004028, Fax: (0181) 5004029.HDFC AMC Ltd., SCO 122, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: (0161) 277 4321 / 5014321. Fax: (0161) 3013838.

HDFC AMC Ltd., SCO no - 70 , Ground Floor, new Leela Bhawan Market, Patiala -147 001. Tel : 0175 - 5010082, Fax : 0175 - 5010084.

RAJASTHANHDFC AMC Ltd., 2nd Floor, Above ICICI Bank, India Heights Building, India Motor Circle, Ajmer - 305 001. Tel: (0145) 2620660, Fax: (0145) 2420660.HDFC AMC Ltd., “Moondhra Bhavan”, 3-Ajmer Road, Jaipur - 302 001. Tel: (0141) 421 9000, Fax: (0141) 421 9004.HDFC AMC Ltd., Plot no. 654 A/B, 1st Floor, Shree Pratap Tower, Jaljog Circle, Jodhpur - 342 003.Tel: (0291) 510 1927, 510 1937, Fax: (0291) 510 5919. HDFC AMC Ltd., 1st Floor, Gowardhan Plaza, 25, Trench Colony, Opposite Lok Kalamandal, Udaipur - 313 001. Tel: (0294) 3988029, Fax: (0294) 3982000.

TAMIL NADUHDFC AMC Ltd., ITC Centre, 1st Floor, 760, Anna Salai, Chennai - 600 002. Tel: (044) 43979797 / 43979716, Fax: (044) 28415855.HDFC AMC Ltd., 1371A, Ground Floor, nadar Building, Trichy Road, Coimbatore - 641 018. HDFC AMC Ltd., No : 9, “Aurum” Building, First floor, Kannusamy Road, R.S.Puram, Coimbatore - 641002.Tel: (0422) 4391861/62/63. Fax: (0422) 4391714.HDFC AMC Ltd., 127 C/3 East Veli Street, Madurai - 625 001. TeleFax: (0452) 3988029.HDFC AMC Ltd., 1st Floor, no1 Bhimsena Garden Street, Royapettah High Road, Mylapore, Chennai - 600 004. Tel: (044) 30913060, Fax: (044) 30913082.HDFC AMC Ltd., 74, V Block, 5th Avenue, near Ganga Sweets, Anna nagar, Chennai - 600 040.HDFC AMC Ltd., 1st floor, Ram Complex, No. 454/3, Meyanoor Main Road, Salem - 636 009. Phone: (0427) 398 2680, Fax: (0427) 398 2700.HDFC AMC Ltd., 1st floor, No. 142/7, Sri Balaji Arcade, Opp. Alagar Jewellery, Trivandrum Road, Palayamkottai, Tirunelveli - 627 002. Tel: (0462) 257 6174, Fax: (0462) 257 6173.HDFC AMC Ltd., no. 60, Sri Krishna Arcade, First Floor, Tennur High Road, Tennur, Trichy - 620 017. Tel: (0431) 3982830, Fax: (0431) 3982835.HDFC AMC Ltd., Premises no.73, 1st Floor, Door no. 73/19,Thiyagarjapuram Officer’s Line Officer’s Line, Vellore - 632 001,Tel: (0416) 2214670/2. Fax: (0416) 2214671.

TELANGANAHDFC AMC Ltd., 6-3-883/7, IInd Floor, Saphire Square, Somajiguda, Hyderabad - 500 282. Tel.: (040) 6704 3657, Fax: (040) 23417407.HDFC AMC Ltd., Gem Square, 1-88/2, 1st floor, Hi-tech City main road, Above HDFC Bank Madhapur, After Indian Oil Petrol Pump, near Krissh Saphire, Madhapur, Hyderabad - 500081.Tel.: (040) 66636690/1/3/4 , Fax: (040) 66636692.HDFC AMC Ltd., 2-5-83/84, 1st Floor, Mitralaxmi narayana Arcade, nakkala Gutta, Hanmakonda, Warangal - 506 002. Tel: (0870) 2566 005 / 006 / 007 / 008/ 009, Fax: (0870) 2566010.

UTTARAKHANDHDFC AMC Ltd., 74 (new no 250/466), Rajpur Road,1st Floor, Shri Ram Arcade, Dehradun - 248 001.Tel: (0135) 3988029 / 7434, Fax: (0135) 3987444.HDFC AMC Ltd., Plot no. 1, 1st Floor, Durga City Centre, Bhotia Parao, nainital Road, Haldwani - 263 139. Tel: (05946) 285286 Fax: (05946) 285290.HDFC AMC Ltd., 1st Floor, Kumar Complex, Chandracharya Chowk, Haridwar - 249407.Tel: (01334) 222406/7 Fax: (01334) 222410.

UTTAR PRADESHHDFC AMC Ltd., 1-C, First Floor, Block no 10/8, Padamdeep Building, Sanjay Place, Agra - 282 002.Tel: (0562) 3984761-73, Fax: (0562) 3984777.HDFC AMC Ltd., 3/260-A, Arena Complex, Laxmibai Marg, Marris Road, Aligarh - 202 001. Tel: (0571) 6453 106 / 9, Fax: (0571) 2740772.HDFC AMC Ltd., 3rd Floor, Agarwal Arcade, Hyundai Motors Showroom, 4 Sardar Patel Marg, Civil Lines, Allahabad - 211 001. Tel: (0532) 2561 035/036/038, Fax: (0532) 2561035.HDFC AMC Ltd., 146 Civil Lines, 1st Floor, Gupta Complex, near Circuit House Chouraha, Bareilly - 243 001. Tel: (0581) 2510 749 / 759, Fax: (0581) 2510709.HDFC AMC Ltd., D-2, 1st Floor, Raj nagar District Centre, Raj nagar, Gaziabad - 201 010. Tel: (0120) 301 0635, Fax: (0120) 3010636.HDFC AMC Ltd., 4th Floor, A.D. Tower Compound, Bank Road, Gorakhpur - 273 001, Tel. no: (0551) 6060011/2/3.HDFC AMC Ltd., 101 & 201, Sai Arcade, 16/34 Bhargava Estate, Civil Lines, Kanpur - 208 001. Tel: (0512) 3935592/93/94, Fax: (0512) 3935596.HDFC AMC Ltd., 1st Floor, narain Ford Building, 4 Shah najaf Road, Hazratganj, Lucknow - 226 001. Tel: (0522) 4155500/ 01, Fax: (0522) 4155555.HDFC AMC Ltd., 143/145/1, Ganpati Plaza, Ground Floor, Magal Pandey nagar, Meerut - 250 005. Tel: (0121) 2602 380 / 2601 965, Fax: (0121) 2602380.HDFC AMC Ltd., Parsvnath Plaza-II, UGF Hall no.4, Delhi Road, Moradabad - 244 001. Tel: (0591) 3988029 / 3982131. Fax: (0591) 3982137.HDFC AMC Ltd., K-24/25, First Floor, Pearl Plaza Building, Sector-18, Noida - 204 301. Tel: (0120) 432 5757/ 5959. Fax: (0120) 423 4349.HDFC AMC Ltd., D-64/127, 4th Floor, Arihant Complex, Sigra, Varanasi - 221 010. Tel: (0542) 6450711/ 6450712.

WEST BENGALHDFC AMC Ltd., 2nd Floor, Chatterjee Plaza, 69/101, GT Road, Rambandhutala, Asansol - 713 303. Tel: (0341) 2221220, Fax: (0341) 2221219.HDFC AMC Ltd., City Plaza, City Centre, 1st Floor,Durgapur - 713 216. Tel: (0343) 3982150, Fax: (0343) 3982153. HDFC AMC Ltd., Krishna Enclave, 2nd Floor, 2/1, Bhajanlal Lohia Lane, Opposite Howrah A.C. Market, Howrah - 711 101, Phone: (033) 33546150/163, Fax: (033) 33546157.HDFC AMC Ltd., Menaka Estate, 1st Floor, 3 Red Cross Place, Kolkata - 700 001. Tel: (033) 22312875, 22312876, Fax: (033) 22439582.HDFC AMC Ltd., 2nd Floor, 209A, Sarat Bose Road, Besides Sarat Bose Road Post Office, Kolkata - 700029. Tel: (033) 33546028, Fax: (033) 33541172.HDFC AMC Ltd., CF 352, Sector 1, Salt Lake City, Kolkata - 700 064.HDFC AMC Ltd., Hinterland Complex - 2, 6/A Roy Ghat Lane, Serampore - 712201.HDFC AMC Ltd., Gitanjali Complex, 2nd Floor, Above Corporation Bank, Sevoke Road, Siliguri - 734 001. Tel: (0353) 6453474. Fax: (0353) 2545270.

* This is not an Investor Service Centre for HDFC Mutual Fund. However, this is an official point of acceptance for acceptance of all on-going transactions from Institutional Investors only, i.e. broadly covering all entities other than resident / non resident individuals. Institutional Investors are free to lodge their applications at any other official points of acceptance also.** Official points of acceptance of transactions for schemes of HDFC Mutual Fund except purchase transactions of Liquid Schemes / Plans viz. HDFC Liquid Fund, HDFC Liquid Fund - Premium Plan and HDFC Cash Management Fund - Savings Plan & Call Plan.

INVESTOR SERVICE CENTRES (ISCs)(Continued from previous page)

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