Combined Equity KIM June 21 2014 01

8/10/2019 Combined Equity KIM June 21 2014 01

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Sponsors :Housing Development Finance Corporation LimitedRegistered Office :Ramon House, H. T. Parekh Marg,169, Backbay Reclamation,Churchgate, Mumbai 400 020.

Standard Life Investments LimitedRegistered Office :1 George Street, Edinburgh, EH2 2LLUnited Kingdom.

Asset Management Company :

HDFC Asset Management Company LimitedA Joint Venture with Standard Life InvestmentsRegistered Office :HUL House, 2nd Floor, H.T. Parekh Marg,165-166, Backbay Reclamation, Churchgate,Mumbai - 400 020.CIN No: U65991MH1999PLC123027

Trustee :HDFC Trustee Company LimitedRegistered Office :HUL House, 2nd Floor,H.T. Parekh Marg,165-166, Backbay Reclamation,Churchgate, Mumbai - 400 020.CIN No: U65991MH1999PLC123026

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know beforeinvesting. For further details of the scheme / Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors' rights& services, risk factors, penalties & pending litigations, etc. investors should, before investment, refer to the Scheme InformationDocument(s) (SID) and Statement of Additional Information (SAI) available free of cost at any of the Investor Service Centres or

distributors or from the website www.hdfcfund.comThe Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds)Regulations, 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered forpublic subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM.The date of this Key Information Memorandum is June 21, 2014.

Achieve your goals through

disciplined investments.

Open-ended Balanced Schemes

Open-ended Equity Linked Savings Schemes

Open-ended Index Linked Scheme

Open-ended Income Schemes (Hybrid)

Open-ended Fund of Fund Scheme

Open-ended Growth / Equity Schemes

Product Labeling


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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk

NAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*HDFC Growth Fund capital appreciation over long term.Open-ended Growth Scheme investment predominant ly in equity and equity related instruments

high risk. (BROWN)HDFC Equity Fund capital appreciation over long term.

Open-ended Growth Scheme investment predominantly in equity and equity related instruments of medium to large sized companies high risk. (BROWN)

HDFC Top 200 Fund capital appreciation over long termOpen-ended Growth Scheme investment in equity and equity linked instruments including equity derivatives primarily drawn from the companies in the

S&P BSE 200 Index. high risk. (BROWN)

HDFC Capital Builder Fund capital appreciation over long term.Open-ended Growth Scheme investment predominantly in equity and equity related instruments of strong companies.

high risk. (BROWN)HDFC Core & Satellite Fund capital appreciation over long term.Open-ended Growth Scheme investment primarily in equity and equity related instruments of companies whose shares are quoting at prices below their

true value. high risk. (BROWN)

HDFC Premier Multi-Cap Fund capital appreciation over long term.Open-ended Growth Scheme investment predominantly in equity and equity related instruments of Mid Cap and Large Cap 'blue chip' companies.

high risk. (BROWN)

HDFC Mid-Cap Opportunities Fund capital appreciation over long term.Open-ended Equity Scheme investment predominantly in equity and equity related instruments of Small and Mid Cap companies.

high risk. (BROWN)HDFC Infrastructure Fund capital appreciation over long term.Open-ended Equity Scheme investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the

growth and development of infrastructure. high risk. (BROWN)

HDFC Arbitrage Fund income over short term.Open-ended Equity Fund income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative

segment low risk. (BLUE)

HDFC Index Fund -Open-ended Index Linked SchemeNifty Plan returns that are commensurate with the performance of the Nifty, subject to tracking errors over long term

investment in equity securities covered by the Nifty high risk. (BROWN)

SENSEX Plan returns that are commensurate with the performance of the SENSEX, subject to tracking errors over long term investment in equity securities covered by the SENSEX high risk. (BROWN)

SENSEX Plus Plan capital appreciation over long term. 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. high risk. (BROWN)

HDFC Long Term Advantage Fund capital appreciation over long term.Open-ended Equity Linked Savings investment predominantly in equity and equity related instruments.Scheme with lock-in period of 3 years high risk. (BROWN)HDFC TaxSaver growth of capital over long term.Open-ended Equity Linked Savings investment predominantly in equity and equity related instruments.Scheme with lock-in period of 3 years high risk. (BROWN)HDFC Balanced Fund capital appreciation along with current income over long term.Open-ended Balanced Scheme investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments.

high risk. (BROWN)HDFC Prudence Fund periodic income with capital appreciation and prevention of capital erosion over long term.Open-ended Balanced Scheme investment predominantly in equity and equity related instruments with balance exposure to debt and money market instruments.

high risk. (BROWN)HDFC MF Monthly Income Plan regular income over medium to long term.(Short Term Plan and Long Term Plan) investment in debt and money market instruments as well as equity and equity related instruments.Open-ended Income Scheme medium risk. (YELLOW)HDFC Multiple Yield Fund positive returns over medium term with low risk of capital loss over medium term.Open-ended income Scheme investment in debt and money market instruments with maturity of 1 year (85%) as well as equity and equity related

instruments (15%). medium r isk. (YELLOW)

HDFC Multiple Yield Fund- Plan 2005 positive returns over medium term with low risk of capital loss over medium term.Open-ended income Scheme investment in debt and money market instruments with maturity of 15 months (85%) as well as equity and equity related

instruments (15%). medium risk. (YELLOW)

HDFC Gold Fund capital appreciation over long term.

Open-ended Fund Of Fund Scheme investment in Units of HDFC Gold Exchange Traded Fund (HGETF). HGETF invests in gold bullion of 0.995 fineness. high risk. (BROWN)

PRODUCT LABELING:

To provide investors an easy understanding of the kind of product / scheme they are investing inand its suitability to them, the product labeling for the following schemes is as under:


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TABLE OF CONTENTSPage No.

HDFC Growth Fund (HGF)............................................................................................................................................................................1

HDFC Equity Fund (HEF)..............................................................................................................................................................................2

HDFC Top 200 Fund (HT200) ......................................................................................................................................................................3

HDFC Capital Builder Fund (HCBF)...............................................................................................................................................................4

HDFC Core & Satellite Fund (HCSF) .............................................................................................................................................................5

HDFC Premier Multi-Cap Fund (HPMCF) ......................................................................................................................................................6

HDFC Mid-Cap Oppor tunities Fund (HMCOF) ...............................................................................................................................................7

HDFC Infrastructure Fund (HINFR) ...............................................................................................................................................................8

HDFC Arbitrage Fund (HAF) .........................................................................................................................................................................9

HDFC Balanced Fund (HBF).......................................................................................................................................................................10

HDFC Prudence Fund (HPF) ......................................................................................................................................................................11

HDFC Long Term Advantage Fund (HLTAF).................................................................................................................................................12

HDFC TaxSaver (HTS) ...............................................................................................................................................................................13

HDFC Index Fund (HIF) ..............................................................................................................................................................................14

HDFC MF Monthly Income Plan (HMIP) .....................................................................................................................................................16

HDFC Multiple Yield Fund (HMYF) ..............................................................................................................................................................18

HDFC Multiple Yield Fund - Plan 2005 (HMYF 05) .....................................................................................................................................19

HDFC Gold Fund (HGOF) ...........................................................................................................................................................................20

Information Common to Schemes .............................................................................................................................................................22

Application Form.......................................................................................................................................................................................35

Instructions to Application Form ................................................................................................................................................................41

Declaration for Ultimate Beneficial Ownership [UBO]..................................................................................................................................45

Third Par ty Payment Declaration Form.......................................................................................................................................................47

Systematic Investment Plan (SIP)/ Micro Systematic Investment Plan (Micro SIP) Enrolment Form ...........................................................51[(for ECS (Debit Clearing) / Direct Debit Facility / Standing Instruction)]

Systematic Withdrawal Advantage Plan Form (SWAP Form).......................................................................................................................57

Official Points of Acceptance..................................... ................................................................................................................................59


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NAME OF SCHEME

Type of Scheme An Open-ended Growth Scheme

HDFC GROWTH FUND (HGF)

Investment Objective To generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments.

Asset AllocationPattern of the Scheme

Types of Instruments Normal Allocation (% of Net Assets)

Equities & Equity related instruments 80 - 100

Debt Securities, Money Market instruments & Cash (including CBLO/Reverse Repos) 0 - 20

The Scheme will not invest in Securitised Debt.

The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities subject to SEBI (Mutual Funds) Regulations, 1996.Maximum exposure to investment in Foreign Debt Securities will be restricted to 20% of the net assets. The Scheme will not invest in Foreign Securitised Debt.The Scheme may use derivatives mainly for the purpose of hedging and por tfolio balancing (max. 20% of net assets) based on the opportunities available subjectto SEBI (Mutual Funds) Regulations, 1996.

Comparison of Existing Schemes,Investment Strategy & RiskMitigation Strategy

For comparison of Existing Schemes, Investment Strategy and Risk Mitigation Strategy, please refer to point 1 on page 22 to 28 for details.

Risk Profile of the Scheme Please refer to point 2 on pages 29 to 32 for details.

Applicable NAV Please refer to point 3 on page 32 for details.

Minimum Application Amount /Number of Units (Under eachPlan / Option)

Purchase Additional Purchase Repurchase

Rs. 5,000 and any amount thereaf ter. Rs. 1,000 and any amount thereaf ter. Rs. 500 or 50 units

Despatch of Repurchase(Redemption) Request

Within 10 Business Days of the receipt of valid redemption request at the Official Points of Acceptance of HDFC Mutual Fund.

Benchmark Index S&P BSE SENSEXDividend Policy Please refer to point 4 on page 33 for details.

Name of the Fund Manager Mr. Srinivas Rao RavuriMr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)

Name of the Trustee Company

Performance of the Scheme(as at May 30, 2014)

Period Returns Benchmark (%)^ Returns (%)#

Last 1 Year (365 days) 24.13 19.80

Last 3 Years (1096 days) 9.42 9.92

Last 5 Years (1827 days) 14.39 10.60

Since Inception* (5009 days) 19.23 12.70

^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: September 11, 00

# S&P BSE SENSEXSince inception returns are calculated on Rs. 10 (allotment price)

HDFC Trustee Company Limited

HGF - Growth Option

Expenses of the Scheme(i) Load Structure(For Lumpsum Purchases& Investments throughSIP / STP)

Continuous Offer Period

Entry Load: Not Applicable

Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load :

In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.

The Trustee reserves the right to change / modify the load str ucture from a prospective date.

Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HGF : 2.50% p.a. HGF - Direct Plan : 2.07% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.

(ii) Recurring Expenses(% p.a. of daily Net Assets)

Waiver of Load for Direct Applications Not Applicable. Please refer to point 7 on page 33 for details.

Tax treatment for the Investors(Unit holders)

Investors are advised to refer to the Section on Taxation on investing in Mutual Funds in the Statement of Additional Information and to consult their own taxadvisors with respect to the specific amount of tax and other implications arising out of their par ticipation in the Scheme.

Daily Net Asset Value (NAV)Publication

The AMC will calculate NAV on daily basis and disclose the NAV at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAVcan also be viewed on the website of the Mutual Fund(www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.

For Investor Grievances,Please contact

Please refer to point 8 on page 33 for details.

Please refer to point 9 on page 33 for details.Unit holders Information

HDFC Mutual Fund - Key Information Memorandum Dated June 21, 2014

Due to an overall sharp rise in the stock prices

Financial Year

Returns

1

Plans/ Options Plans Options under each Plan

HDFC Growth Fund Growth

HDFC Growth Fund - Direct Plan Dividend (with Payout and Reinvestment facility)

(Portfolio will be common for the above Plans)

18.04%10.94%

12 -13

-2.61%-9.78%

11.89%18.85%

11 -1210 - 1109 - 10

100.00%

80.00%

60.00%

40.00%

20.00%

0

-20.00%

-40.00%

Absolute Returns for each Financial Year for last 5 years^

HGF S&P BSE SENSEX

Absolute Returns for last Financial Year^HGF - Direct Plan S&P BSE SENSEX

++92.38%80.54%

13 -14


Last 1 Year (365 days) 24.64 19.80Since Inception* (514 days) 12.88 16.29^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # S&P BSE SENSEXSince inception returns are calculated on Rs. 94.763 (allotment price)

HGF - Direct Plan - Growth Option

Financial Year

13 -14

12.36%

0.00%

4.00%

8.00%

12.00%

16.00%

20.00%

Returns

Asset Under Management (Rs. in Crore)as on May 30, 2014 (Unaudited)

Number of Folios (Live Accounts) as on

May 30, 2014

1,092.40

107,295

18.85%


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NAME OF SCHEME


HDFC EQUITY FUND (HEF)

Investment Objective To achieve capital appreciation.




Debt and Money Market instruments* 0 - 20

*Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme.

The Scheme may seek investment opportunity in the ADR / GDR / Foreign Securities (max. 40% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996.The Scheme may use derivatives mainly for the purpose of hedging and por tfolio balancing (max. 25% of net assets) based on the opportunities available subjectto SEBI (Mutual Funds) Regulations, 1996.

Comparison of Existing Schemes,Investment Strategy &Risk Mitigation Strategy









Benchmark Index CNX 500

Dividend Policy Please refer to point 4 on page 33 for details.Name of the Fund Manager Mr. Prashant Jain

Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)

Name of the Trustee Company HDFC Trustee Company Limited



Last 1 Year (365 days) 36.49 21.55

Last 3 Years (1096 days) 12.48 9.48

Last 5 Years (1827 days) 18.11 10.13


^ Past performance may or may not be sustained in the future

Returns greater than one year are compounded annualized (CAGR).

*Inception Date: January 01, 95

# CNX 500

Since inception returns are calculated on Rs. 10 (allotment price)

HEF - Growth Option


Continuous Offer Period

Entry Load: Not Applicable

Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load :

In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.

Please refer to point no 5 on page 33 for further details on load structure.

The Trustee reserves the right to change / modify the load str ucture from a prospective date.

Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HEF : 2.17% p.a. HEF - Direct Plan: 1.51% p.a.

At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.






The AMC will calculate NAV on daily basis and disclose the NAV at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAVcan also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.






HDFC Equity Fund Growth

HDFC Equity Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)

Due to an overall sharp rise in the stock pricesFinancial Year

Returns


HEF CNX 500

Absolute Returns for last Financial Year^

HEF - Direct Plan CNX 500

19.89%7.26%

-7.40% -8.19%

7.49%

09 - 10 10 - 11 11 - 12

87.95%

117.06%120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0-20.00%

-60.00%

-40.00%

6.23%

13 - 1412 - 13


Last 1 Year (365 days) 37.41 21.55Since Inception* (514 days) 22.39 14.66^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CNX 500Since inception returns are calculated on Rs. 296.876 (allotment price)

HEF - Direct Plan - Growth Option

17.72%22.45%

Financial Year13 - 14

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Returns


Number of Folios (Live Accounts) as onMay 30, 2014

13,425.47

547,896

23.29%

17.72%


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NAME OF SCHEME


HDFC TOP 200 FUND (HT200)

Investment Objective To generate long term capital appreciation from a portfolio of equity and equity linked instruments. The investment portfolio for equity and equity linkedinstruments 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 inthe 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 marketcapitalisation of the company based on issue price would make the company a par t of the top 200 companies listed on the BSE based on market capitalisation.


Types of Instruments Normal Allocation (% of Net Assets)Equity & Equity linked instruments Upto 100% (including use of derivatives for hedging and other uses as permitted by prevailing SEBI (MF) Regulations)Debt and money market instruments* Balance in debt and money market instruments*Investment in Securitised debt, if undertaken, would not exceed 20% of the net assets of the Scheme.The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 40% of net assets) subject to SEBI (Mutual Funds)Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 25% of net assets) based on theopportunities available subject to SEBI (Mutual Funds) Regulations, 1996.










Benchmark Index S&P BSE 200

Dividend Policy Please refer to point 4 on page 33 for details.

Name of the Fund Manager Mr. Prashant Jain




Period Returns Benchmark (%)$$ Returns (%)#

Last 1 Year (365 days) 30.60 20.13

Last 3 Years (1096 days) 12.43 9.20

Last 5 Years (1827 days) 15.98 10.72


^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: October 11, 96 # S&P BSE 200$$ 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 thethen prevailing NAV (ex-dividend NAV).Since inception returns are calculated on Rs. 10 (allotment price)

HT200 - Growth Option


Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.Exit Load :

In respect of eachpurchase / switch-in of units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date ofallotment. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HT200 : 2.24% p.a. HT200 - Direct Plan : 1.69% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.










HDFC Mutual Fund - Key Information Memorandum Dated June 21, 2014 3


HDFC Top 200 Fund Growth

HDFC Top 200 Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)


Returns

11 - 12

-6.12% -8.80%

09 - 10 10 - 11

8.15%17.15%

92.87%98.51%


HT200 S&P BSE 200


HT200 - Direct Plan S&P BSE 200

100.00%

75.00%

50.00%

25.00%

0

25.00%

50.00%

6.99% 8.26%

13 - 1412 - 13


Last 1 Year (365 days) 31.32 20.13Since Inception* (514 days) 19.70 14.25^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # S&P BSE 200Since inception returns are calculated on Rs. 228.943 (allotment price)

HT200 - Direct Plan - Growth Option

20.50% 17.19%


21.17%17.19%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Returns



11,904.08

1,057,448


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NAME OF SCHEME


HDFC CORE & SATELLITE FUND (HCSF)

Investment Objective To generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value.




Fixed Income Securities (including securitised debt of upto 10% of net assets & Money Market instruments) 5 - 10

The Scheme may seek investment oppor tunity in Foreign Securities (max. 25% of net assets) subject to SEBI (Mutual Funds) Regulations, 1996. The Schememay use derivatives mainly for the purpose of hedging and portfolio balancing (max. 50% of net assets) based on the opportunities available subject to SEBI(Mutual Funds) Regulations, 1996.

Comparison of Existing Schemes,

Investment Strategy &Risk Mitigation Strategy






Rs. 5 ,000 and any amount thereaf ter. Rs. 1 ,000 and any amount thereaf ter. Rs. 1,000 or 100 units



Benchmark Index S&P BSE 200


Name of the Fund Manager Mr. Vinay Kulkarni





Last 1 Year (365 days) 38.30 20.13

Last 3 Years (1096 days) 8.53 9.20

Last 5 Years (1827 days) 14.95 10.72




*Inception Date: September 17, 04

#S&P BSE 200


HCSF - Growth Option


Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.Exit Load : In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HCSF : 2.81% p.a. HCSF - Direct Plan: 2.29% p.a.

At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.












HDFC Core & Satellite Fund Growth

HDFC Core & Satellite Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)


Returns

13.53% 8.15%

11 -12

-8.52% -8.80%

10 -1109 -10

92.87%

124.91%


HCSF S&P BSE 200


130.00%

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0

-20.00%

-40.00%

-60.00%

-3.33%

8.26%

12 - 13


Last 1 Year (365 days) 39.03 20.13

Since Inception* (514 days) 17.75 14.25^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 #S&P BSE 200Since inception returns are calculated on Rs. 40.302 (allotment price)

HCSF - Direct Plan - Growth Option

18.63% 17.19%

13 - 14

HCSF - Direct Plan S&P BSE 200


17.19%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Returns



267.37

35,758

19.26%


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NAME OF SCHEME


HDFC PREMIER MULTI-CAP FUND (HPMCF)

Investment Objective To 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.



Equity & Equity related instruments out of which 85 - 100

Large Cap 35 - 65Mid Cap 35 - 65

Debt Securities (including securitised debt of upto 10% of the net assets) 0 - 15

Money Market Instruments 0 - 15The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity Securities (max. 25% of net assets) and (max. 10% of net assets in Foreign DebtSecurities of USA and UK, countries having fully convertible currencies) subject to SEBI (Mutual Funds) Regulations, 1996. The Scheme will not invest in ForeignSecuritised Debt. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 50% of net assets) based on the

opportunities available subject to SEBI (Mutual Funds) Regulations, 1996.Comparison of Existing Schemes,Investment Strategy &Risk Mitigation Strategy











Name of the Fund Manager Mr. Vinay KulkarniMr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)




Last 1 Year (365 days) 37.77 21.55

Last 3 Years (1096 days) 7.74 9.48

Last 5 Years (1827 days) 13.92 10.13




*Inception Date: April 06, 05

# CNX 500



HPMCF - Growth Option

Expenses of the Scheme(i) Load Structure(For Lumpsum Purchases& Investments through

SIP / STP)

Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.

Exit Load : In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HPMCF : 2.79% p.a. HPMCF - Direct Plan : 2.28% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.






The AMC will calculate NAV on daily basis and disclose the NAV at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAVcan also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI

(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.For Investor Grievances, Please contact Please refer to point 8 on page 33 for details.


Due to an overall sharp rise in the s tock pricesFinancial Year

Returns



HDFC Premier Multi-Cap Fund Growth

HDFC Premier Multi-Cap Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)

12.26% 7.26%

10 -11

-3.98% -8.19%

11 -1209 -10

87.95%

115.28%


HPMCF CNX 500


Absolute Returns for last Financial Year^CNX 500

120.00%

90.00%

60.00%

30.00%

0

-30.00%

-60.00%

-3.79%

7.49%

12 -13 13 -14


Last 1 Year (365 days) 38.48 21.55


^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CNX 500Since inception returns are calculated on Rs. 28.957 (allotment price)

HPMCF - Direct Plan - Growth Option

17.91%17.72%

Financial Year

HPMCF - Direct Plan

13 -140.00%

5.00%

10.00%

15.00%

20.00%

Returns



307.98

52,603

18.52% 17.72%


11/66

NAME OF SCHEME

Type of Scheme An Open-ended Equity Scheme

HDFC MID-CAP OPPORTUNITIES FUND (HMCOF)

Investment Objective To generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Capcompanies.


Types of Instruments Minimum Allocation Maximum Allocation

(% of Net Assets)

Equity and equity related securities ofSmall and Mid-Cap companies of which 75 100Small-Cap companies 0 15Mid-Cap companies 75 100

Equity and equity related securities other than the above 0 25Debt and Money Market Securities (including investments in securitised debt#) 0 25

# The Investment in Securitised Debt will not normally exceed 25% of the net assets of the Scheme.The Scheme may take derivatives position (both equity and fixed income) based on the opportunities available subject to the guidelines issued by SEBI from timeto time and in line with the investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategyas permitted under SEBI (MF) Regulations from time to time. The maximum derivative position will be restricted to 20% of the Net Assets of the Scheme. TheScheme may seek investment opportunity in the Foreign Securities, in accordance with guidelines stipulated in this regard by SEBI and RBI from time to time.Under normal circumstances, exposure to foreign securities subject to regulatory limits shall not be more than 25% of the Schemes net assets.






Returns

11 - 12

9.02%

-3.99%

09 -10 10 -11

15.33%

122.75% 126.12%

4.35%

160.00%

120.00%

80.00%

40.00%

0-40.00%

-80.00%

8.00%

12 - 13


Minimum Application Amount /

Number of Units (Under eachPlan / Option)





Benchmark Index CNX Midcap


Name of the Fund Manager Mr. Chirag SetalvadMr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)




Last 1 Year (365 days) 46.53 28.33

Last 3 Years (1096 days) 19.02 8.46

Last 5 Years (1827 days) 24.86 13.61


^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: June 25, 07 # CNX MidcapSince inception returns are calculated on Rs. 10 (allotment price)


HMCOF - Growth Option

HMCOF CNX Midcap


HMCOF - Direct Plan CNX MidcapAbsolute Returns for last Financial Year^


Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factors

including the service rendered by the ARN Holder.Exit Load : 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HMCOF : 2.41% p.a. HMCOF - Direct Plan : 1.88% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.





Daily Net Asset Value (NAV)

Publication

The AMC will calculate NAV on daily basis and disclose the NAV at the close of every Business Day and send for publication to atleast 2 daily newspapers. NAV

can also be viewed on the website of the Mutual Fund (www.hdfcfund.com) and on the website of Association of Mutual Funds in India - AMFI(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.


HDFC Mid-Cap Opportunities Fund Growth HDFC Mid-Cap Oppor tunities Fund - Direct Plan Dividend (with Payout and Reinvestment facility)



Last 1 Year (365 days) 47.26 28.33Since Inception* (514 days) 27.99 12.39^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CNX MidcapSince inception returns are calculated on Rs. 18.799 (allotment price)

HMCOF - Direct Plan - Growth Option

For Investor Grievances, Please contact Please refer to point 8 on page 33 for details.


-1.29%

13 - 14

30.52%16.36%


31.17%

0.00%

10.00%

20.00%

30.00%

40.00%

Returns

Asset Under Management (Rs. in Crore)

as on May 30, 2014 (Unaudited)


4,859.64

375,961

16.36%


12/66


Returns

120.00%

80.00%

40.00%

0

-40.00%

-80.00%

115.96%87.95%

6.31% 7.26%

-12.71%-8.19%

11 - 1209 - 10 10 - 11

-5.99%

7.49%

12 - 13

NAME OF SCHEME

Type of Scheme An Open-ended Equity Scheme

HDFC INFRASTRUCTURE FUND (HINFR)

Investment Objective To seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefitfrom growth and development of infrastructure.


Types of Instruments Minimum Allocation Maximum Allocation

(% of Net Assets)

Equity and Equity Related Instruments of infrastructure/ infrastructure related companies 65 100Equity and Equity Related Instr uments of companies other than mentioned above 0 35

Debt Securities and Money Market Instruments* and Fixed Income Derivative 0 35* Investments in securitised debt shall not normally exceed 30% of the net assets of the Scheme.The Scheme may seek investment opportunity in Foreign Securities (max. 35% of net assets). The Scheme may take derivatives position for hedging, portfoliobalancing or to undertake any other strategy as permitted under SEBI (MF) Regulations from time to time (max. 20% of the net assets) based on the opportunities

available subject to SEBI (MF) Regulations.Comparison of Existing Schemes,Investment Strategy &Risk Mitigation Strategy











Name of the Fund Manager Mr. Prashant Jain & Mr. Srinivas Rao Ravuri. Mr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)




Last 1 Year (365 days) 39.83 21.55

Last 3 Years (1096 days) 6.17 9.48

Last 5 Years (1827 days) 9.64 10.13




*Inception Date: March 10, 08 # CNX 500



HINFR - Growth Option

HINFR CNX 500




Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.Exit Load :

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 ofallotment.

No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HINFR : 2.81% p.a. HINFR - Direct Plan : 2.31% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.







(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.


HDFC Infrastructure Fund Growth

HDFC Infrastructure Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)


Last 1 Year (365 days) 40.52 21.55


^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CNX 500Since inception returns are calculated on Rs. 11.152 (allotment price)

HINFR - Direct Plan - Growth Option



11.01%17.72%

13 - 14

Financial Year

Returns




May 30, 2014

1,061.73

136,602


HINFR - Direct Plan CNX 500

13 - 14

0.00%

5.00%

10.00%

15.00%

20.00%

11.55%

17.72%


13/66

HAF - Wholesale Plan CRISIL Liquid Fund Index

Financial Year

Returns


Plans/ Options Plans Options under each Plan HDFC Arbitrage Fund - Wholesale Plan Growth HDFC Arbitrage Fund - Wholesale Plan - Direct Plan Dividend (Monthly Dividend Option and Normal Dividend Option with(Portfolio will be common for the above Plans) Payout and Reinvestment facility)


NAME OF SCHEME

Type of Scheme An Open-ended Equity Fund

HDFC ARBITRAGE FUND (HAF)

Investment Objective To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and bydeployment of surplus cash in debt securities and money market instruments.


Types of Instruments Normal Allocation (% of Net Assets)Equity & Equity related instruments 65 - 90Derivative including index futures, stock futures, Index Options and Stock Options etc.^ 65 - 90Debt Securities and Money Market Instruments* and Fixed Income Derivative 10 - 35*Investment in Securitised debt shall not normally exceed 35% of the net assets of the Scheme.When adequate arbitrage opportunities are not available in the Derivative and equity markets, the asset allocation of the schemes portfolio will be as follows:Types of Instruments Normal Allocation (% of Net Assets)Equity & Equity related instruments 0 - 65

Derivative including index futures, stock futures, Index Options and Stock Options etc.^ 0 - 65Debt Securities and Money Market Instruments* and Fixed Income Derivative 35 - 100*Investment in Securitised debt shall not normally exceed 50% of the net assets of the Scheme.^The exposure to derivative shown in the above asset allocation table is exposure taken against the underlying equity investments and should not be consideredfor calculating the total asset allocation. The idea is not to take additional asset allocation with the use of derivative. The margin money deployed on thesepositions would be included in Money Market category.The Scheme may seek investment opportunity in the Foreign Securities in accordance with guidelines stiulated in this regard by SEBI and RBI from time to time.Under normal circumstances, the Scheme shall not have an exposure of more than 75% of its assets in foreign securities (including bonds, mutual funds andother approved instruments) subject to regulatory limits.





Minimum Application Amount /Number of Units

Purchase Additional Purchase RepurchaseRs. 1,00,000 and any amount thereaf ter. Rs. 1,00,000 and any amount thereaf ter. Rs. 50,000 or 5,000 units


Benchmark Index CRISIL Liquid Fund Index


Name of the Fund Manager Mr. Anil BamboliMr. Rakesh Vyas (Dedicated Fund Manager for Overseas Investments)




Expenses of the Scheme(i) Load Structure(For Lumpsum Purchases

& Investments throughSIP / STP)

Continuous Offer PeriodEntry Load: Not ApplicableUpfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors assessment of various factorsincluding the service rendered by the ARN Holder.Exit Load : In respect of eachpurchase / 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. No exit load is payable if units are redeemed / switched - out after 3 months from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load structure from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HAF : 0.81% p.a. HAF - Direct Plan : 0.66% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.







(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.For Investor Grievances,Please contact



Period Returns (%)^ Benchmark Returns (%)#

Last 1 Year (365 days) 8.93 9.57

Last 3 Years (1096 days) 8.54 8.79

Last 5 Years (1827 days) 7.61 7.25


^Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).* Inception Date: October 23, 07 # CRISIL Liquid Fund IndexSince inception returns are calculated on Rs. 10 (allotment price)

HAF - Wholesale Plan - Growth Option Absolute Returns for each Financial Year for last 5 years^

HAF - Wholesale Plan - Direct Plan - Growth Option

11 -1210 -1109 -10

10.00%

8.00%

6.00%

4.00%

2.00%

0 13 -1412 -13




May 30, 2014

39.22

1,475


6.21%

8.11%8.47%

4.12%

8.91%8.23% 8.52%

Returns of HDFC Arbitrage Fund - Wholesale Plan - Direct Plan - Growth Optioncannot be computed as there have been periods since the launch of the Plan

where there were no Unitholders under the Plan.

9.54%

3.69%

7.80%


14/66


Returns

16.17%9.37%

11 -12

7.13%

-2.67%

47.31%

81.96%

10 -1109 -10

90.00%

80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0

-10.00%-20.00%

-30.00

5.67%9.57%

12 -13

HBF CRISIL Balanced Fund Index


HBF - Direct Plan CRISIL Balanced Fund Index


NAME OF SCHEME

Type of Scheme An Open-ended Balanced Scheme

HDFC BALANCED FUND (HBF)

Investment Objective To generate capital appreciation along with current income from a combined portfolio of equity & equity-related and debt & money market instruments.


Type of Instruments Normal Allocation Normal Deviation(% of net assets) (% of net assets)

Equity and equity related instruments 60 20

Debt Securities (including securitised debt) and Money Market Instruments 40 30

The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities subject to SEBI (Mutual Funds) Regulations, 1996.Maximum exposure to investment in Foreign Debt Securities will be restricted to 40% of the net assets. The Scheme will not invest in Foreign Securitised Debt.The Scheme may use derivatives mainly for the purpose of hedging and por tfolio balancing (max. 20% of net assets) based on the opportunities available subjectto SEBI (Mutual Funds) Regulations, 1996.










Benchmark Index CRISIL Balanced Fund Index


Name of the Fund Manager Mr. Chirag Setalvad





Last 1 Year (365 days) 33.96 12.69

Last 3 Years (1096 days) 14.29 9.46

Last 5 Years (1827 days) 18.77 9.3

Since Inception* (5009 days) 16.78 N.A



*Inception Date: September 11, 00

# CRISIL Balanced Fund IndexN.A. - Not available.


HBF - Growth Option



including the service rendered by the ARN Holder.Exit Load : In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.

Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HBF : 2.30% p.a. HBF - Direct Plan : 1.78% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.







(www.amfiindia.com). Investors may also contact any of the Investor Service Centres (ISCs) of HDFC Mutual Fund for the same.


HDFC Balanced Fund Growth

HDFC Balanced Fund - Direct Plan Dividend (with Payout and Reinvestment facility)(Portfolio will be common for the above Plans)

Period Absolute Benchmark Returns (%) Returns (%)#

Last 1 Year (365 days) 34.66 12.69Since Inception* (514 days) 21.46 12.18^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CRISIL Balanced Fund IndexSince inception returns are calculated on Rs. 64.365 (allotment price)

HBF - Direct Plan - Growth Option



13 -14

22.20%13.40%

Financial Year13 -14

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Returns



1,560.06

98,306


22.83%

13.40%


15/66

NAME OF SCHEME

Type of Scheme An Open-ended Balanced Scheme

HDFC PRUDENCE FUND (HPF)

Investment Objective To 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 mixmay achieve the investment objective, may result in regular income, capital appreciation and may also prevent capital erosion.


Types of Instruments Normal Allocation (% of Net Assets)Equity & Equity related instruments 40 - 75Debt Securities and Money Market Instruments* 25 - 60*Investment in Securitised debt, if undertaken, would not exceed 10% of the net assets of the Scheme.The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities (max. 40% of net assets) subject to SEBI (Mutual Funds)Regulations, 1996. The Scheme may use derivatives mainly for the purpose of hedging and portfolio balancing (max. 25% of net assets) based on theopportunities available subject to SEBI (Mutual Funds) Regulations, 1996.










Benchmark Index CRISIL Balanced Fund Index


Name of the Fund Manager Mr. Prashant Jain




Due to an overall sharp rise in the stock prices

Financial Year

Returns

10 -1109 -10

17.50%9.37%

11 -12

0.96%

-2.67%

47.31%

99.02%100.00%

80.00%

60.00%

40.00%

20.00%

0

-20.00%

-40.00%

5.39% 9.57%

12 -13

Period Returns Benchmark (%)^$$ Returns (%)#

Last 1 Year (365 days) 33.72 12.69

Last 3 Years (1096 days) 14.02 9.46

Last 5 Years (1827 days) 18.48 9.3

Since Inception* (7423 days) 19.95 N.A

^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: February 1, 1994# CRISIL Balanced Fund 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 thethen prevailing NAV (ex-dividend NAV).N.A. - Not available.Since inception returns are calculated on Rs. 10 (allotment price)

HPF - Growth Option

HPF CRISIL Balanced Fund Index


HPF - Direct Plan CRISIL Balanced Fund Index


Expenses of the Scheme(i) Load Structure(For Lumpsum Purchases

& Investments throughSIP / STP)


including the service rendered by the ARN Holder.Exit Load : In respect of eachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.Please refer to point no 5 on page 33 for further details on load structure.The Trustee reserves the right to change / modify the load str ucture from a prospective date.Actual expenses (inclusive of Service tax on Management fees and additional TER) for the previous financial year ended March 31, 2014 (Audited) : HPF : 2.24% p.a. HPF - Direct Plan : 1.67% p.a.At least 5% of the Total Expense Ratio (TER) will be charged towards distribution expenses/ commission in the non-Direct Plan. The TER of the Direct Plan willbe lower to the extent of the above mentioned distribution expenses/ commission (at least 5% of TER) which is charged in the non-Direct Plan. For example, inthe event that the TER of the non-Direct Plan is 1% p.a., the TER of the Direct Plan would not exceed 0.95% p.a. Please refer point no 6 on page 33 for additionaldetails on recurring expenses.





Daily Net Asset Value (NAV)

Publication



HDFC Prudence Fund Growth HDFC Prudence Fund - Direct Plan Dividend (with Payout and Reinvestment facility)



Last 1 Year (365 days) 34.47 12.69Since Inception* (514 days) 20.25 12.18

^ Past performance may or may not be sustained in the futureReturns greater than one year are compounded annualized (CAGR).*Inception Date: January 01, 13 # CRISIL Balanced Fund IndexSince inception returns are calculated on Rs. 243.322 (allotment price)

HPF - Direct Plan - Growth Option



19.20%13.40%

13 -14

Financial Year13 -14

19.87%

0.00%5.00%

10.00%15.00%20.00%

25.00%

Returns




6,034.90

287,943


13.40%


16/66

NAME OF SCHEME

Type of Scheme An Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years

HDFC LONG TERM ADVANTAGE FUND (HLTAF)

Investment Objective



Equities & Equity linked instruments 80

Debt securities, Money market instruments (including cash / CBLO/Reverse Repos) 20

The Scheme will not invest in Securitised Debt.The Scheme may seek investment opportunity in the ADR / GDR / Foreign Equity and Debt Securities subject to SEBI (MF) Regulations, 1996. The Scheme mayuse derivatives mainly for the purpose of hedging and portfolio balancing (max. 20% of net assets) based on the oppor tunities available subject to SEBI (MF)Regulations, 1996.







Rs. 500 and in multiples of Rs. 500 thereafter Rs. 500 and in multiples of Rs. 500 thereafter Rs. 500 or 50 units



Benchmark Index S&P BSE SENSEX


Name of the Fund Manager Mr. Chirag Setalvad





Returns

16.76% 10.94%

11 -12

-2.80% -9.78%

101.09%

80.54%

10 -1109 -10

120.00%

100.00%

80.00%

60.00%

40.00%

20.00%

0

-20.00%

-40.00%

9.63% 10.01%

12 -13


Last 1 Year (365 days) 30.76 19.80

Last 3 Years (1096 days) 13.33 9.92

Last 5 Years (1827 days) 17.49 10.60




*Inception Date: January 2, 01

# S&P BSE SENSEX


HLTAF - Growth Option

HLTAF S&P BSE SENSEX


HLTAF - Direct Plan S&P BSE SENSEX


Expenses of the Scheme(i) Load Structure(For Lumpsum Purchases& Inv

Documents

Combined Equity KIM June 21 2014 01