Hdfcmf Factsheet November 2014

8/9/2019 Hdfcmf Factsheet November 2014

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Vol. No. 12 Issue No. 5 November 2014


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2 November 2014 Intouch mutually

PAGE NO.MARKET REVIEW 3EDITORIAL 4FEATURES OF OUR SELECT SCHEMES 5-16

HDFC GROWTH FUND 17HDFC EQUITY FUND 17HDFC TOP 200 FUND 18HDFC CAPITAL BUILDER FUND 18HDFC CORE & SATELLITE FUND 19HDFC PREMIER MULTI-CAP FUND 19HDFC LARGE-CAP FUND 20HDFC MID-CAP OPPORTUNITIES FUND 20HDFC SMALL AND MID-CAP FUND 21HDFC INFRASTRUCTURE FUND 21HDFC LONG TERM ADVANTAGE FUND 22HDFC TAXSAVER 22

HDFC INDEX FUND - SENSEX PLAN & NIFTY PLAN 2HDFC INDEX FUND - SENSEX PLUS PLAN 24HDFC BALANCED FUND 24HDFC PRUDENCE FUND 25HDFC CHILDRENS GIFT FUND - INVESTMENT PLAN 2HDFC CHILDRENS GIFT FUND - SAVINGS PLAN 2HDFC MF MIP - SHORT TERM PLAN 26HDFC MF MIP - LONG TERM PLAN 27HDFC MULTIPLE YIELD FUND 27HDFC MULTIPLE YIELD FUND - PLAN 2005 28HDFC INCOME FUND 28HDFC HIGH INTEREST FUND - DYNAMIC PLAN 29HDFC HIGH INTEREST FUND - SHORT TERM PLAN 2HDFC SHORT TERM PLAN 30HDFC SHORT TERM OPPORTUNITIES FUND 30HDFC MEDIUM TERM OPPORTUNITIES FUND 31HDFC GILT FUND - LONG TERM PLAN 31HDFC FLOATING RATE INCOME FUND - SHORT TERM PLAN & LONG TERM PLANHDFC LIQUID FUND 33HDFC CASH MANAGEMENT FUND - SAVINGS PLAN 33HDFC CASH MANAGEMENT FUND - TREASURY ADVANTAGE PLAN

HDFC CORPORATE DEBT OPPORTUNITIES FUND 3SIP PERFORMANCE OF SELECT SCHEMES 35-36

SCHEME PERFORMANCE SUMMARY - REGULAR PLANS 37-5SCHEME PERFORMANCE SUMMARY - DIRECT PLANS 56-7DIVIDEND HISTORY 71-74DISCLAIMER 74

CONTENTS


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During the month of November, equitymarkets performed well with both SENSEXand Nifty reaching new highs. The SENSEXand Nifty were up ~3% each. The CNX MidcapIndex outperformed and gained ~4.6%. Healthcare,

IT, FMCG and Banking sectors performed wellwhile Metal, Capital Goods and Oil & Gasunderperformed.

INR appreciated ~1.1% in November. FIIs bought ~US$ 2.2bn net of Indian equities in November. Domestic Mutual funds continue to seehealthy inflows, equity mutual funds net inflows

between April and October 2014 have been around ` 39,220 crs.

The global equity markets also continue to per-form well with US markets reaching new highs. TheDow Jones and the NASDAQ were up 2.5% and 3.5% respectively. In Europe, the FTSE, CAC and DAX were up 2.7-7%. In Asia, the ShanghaiComposite & Nikkei were up 10.9% & 6.4% respec-tively, Taiex and Kospi was up 1-2% and Hang Seng

ended almost flat.Commodities continued to move lower duringthe month. Brent Crude fell sharply by ~19% and isnow down ~33% in last three months. Gold was

down 0.5% and silver also went down sharply by~4% during the month. Aluminium, Copper & Zincwere down 1.7-5% while Lead was up 1%.

India is a key beneficiary from lower commodi-ty prices, especially crude oil. Fall in commodity

prices is likely to lead to a sharp fall in CAD, infla-tion and lower fiscal deficit as well. A strong,growth oriented and business friendly government

bodes well for economic growth and for businesses.Current P/E multiples of equity markets are reason-able neither expensive, nor cheap. However, cor-

porate earnings should be better than estimates ascorporate margins are significantly below the longterm averages and should improve as capacity uti-lization and business conditions improve. There isthus room for multiples to expand on expectationsof growth to improve and as interest rates to movelower besides strong earnings growth.

In our opinion therefore, the outlook for equitiesis promising and there is merit in increasing alloca-tion to equities (for those with a medium to long

term view) in a phased manner and to stay invested.However, given the sharp rally in markets in lastyear or so, it is not advisable to invest in marketswith a short term view.

Equity market update

D uring the month of November 2014, theyield on 10-year benchmark Government bond (8.4% GoI 2024) ended at 8.09% asagainst 8.28% in end October.

The liquidity availed through various sources(Liquidity Adjustment Facility, export refinance,marginal standing facility and term repos) from RBIduring the month was lower at ` 49,545 crs as com-

pared to ` 61,299 crs in September 2014. The NSEovernight MIBOR ended at 8.02%, higher than therate seen in end September 2014 (7.4%).

The INR depreciated to 62.0 against the USdollar as compared to 61.4 at the end of previousmonth. The net FII investment in equities & debtwas an inflow of ~US$ 4.1 billion in November 2014 as compared to an inflow of US$ 2.9 billionin October. The net FII investment in equities &debt has been US$ 40.4 billion so far in calendar year 2014.

The annual rate of inflation, based on monthlyWPI, stood at 1.8% (provisional) for the month of October, 2014 (over October, 2013) as compared to2.4% (provisional) for the previous month and 7.2%during the corresponding month of the previousyear. Headline CPI came in at ~5.5% in October

compared to ~6.5% in September. Core CPI wasstable at 5.9%.Industrial production (IP) growth was 2.5% y-o-

y in September, unchanged from July. Excludingcapital goods industrial production grew 1.2%

y-o-y in September from 2.2% in August.In the December credit policy review, RBI kept

the repo and reverse repo rates on hold at 8.00% and 7.00% respectively in line with consensus expecta-tions. The RBI has maintained its estimate for realGDP growth in 2014-15 at 5.5% and expects only agradual pick-up in growth momentum in 2015-16.RBI has acknowledged the recent deceleration ininflation and has revised downwards its March 2015CPI Inflation projection to 6% from 8% and itsJanuary 2016 inflation projection has also been keptat 6%. RBI now sees the medium term risks around its January 2016 target of 6% as evenly balanced rather than to the upside as in the last policy meeting.

Outlook

In the December credit policy review RBI has clear-ly turned more dovish with its guidance for a changein monetary policy stance likely early next year.The recent correction in crude oil prices (of nearly33% over last 3 months) has multiple benefits in theform of decline in inflation, current account deficit(CAD) and savings in subsidy. Apart from the dropin crude prices, we continue to expect growth togradually improve leading to a possibility of a sov-

ereign rating upgrade. In view of the above, we reit-erate our view of lower rates over the medium term.We recommend investors to take some exposure toGilt Funds with high duration to benefit from our view of likely fall in rates.

Debt market update

November 2014 3Intouch mutually

Market Review - November 2014

Source for various data points: Bloomberg, Reuters, www.sebi.gov.in, www.rbi.org.in andCentral Statistics Office (CSO).


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Suddenly, Indias hotel industry issitting pretty. Foreign touristshave begun pouring into the

country in greater numbers, triggeringan increase in demand for qualityhotel rooms; a steady stream of for-eigners coming to India for medicaltreatment is adding to the demand for

rooms and keeping revenues buoyant; and,as more and more companies organiseevents such as off-sites or retreats fortheir employees in an effort to createopportunities for them to bond togetherand build team spirit, this has emerged asyet another revenue stream for the hospi-tality industry.

Between May and October this year,foreign tourist arrivals in India increasedby 12 per cent to 3.2 million, compared tothe same period of 2013, according to gov-ernment data. Growth in May-October2013 had been a mere 6 per cent over May-October 2012. Premium hotel companiesthat had seen revenue of growth of a mere2-3 per cent in 2013-14 have enjoyed rev-enue growth of between 5 per cent and 10per cent in the first half of 2014-15,according to the hospitality industry.

Hospitality industry executives say thattwo factors are responsible for thesehealthy numbers. First, the perception of India as an investment destination hasimproved; second, the decision to offer

visas on arrival to nationals of select coun-tries has also helped. India had started thefiscal year 2014-15 with a surplus of hotelrooms, but this helped absorb theincreased influx of tourists without caus-ing room shortages.

The big boom is in medical tourism, with business for hotels from this segmentgrowing at over 25 per cent year on year.The great advantage of medical tourism,according to the hospitality industry, isthat it is a year-round business, unlikebusiness and leisure travel, in which thereis an element of seasonality. And it ispoised to grow further.

According to a study done by a chamberof commerce and industry, since the cost of surgeries in India is much lower than in the

Western countries (and with several devel-oping countries lacking the kind of medical

expertise that is available in India), med-ical tourism is poised to grow into a` 12,000 crore industry by 2015, with morethan 4.5 million people expected to travelto India in search of medical treatment.

This growing business potential haseven triggered a new trend, of hotel prop-erties coming up near well-known special-ty hospitals in Mumbai, Delhi, Gurgaonand Chennai, to name a few cities. And

with their special guests in view, suchhotels are offering facilities such as rampsat the entrances for easy of entry, large liftsto accommodate stretchers, special mealsto suit the dietary needs of patients, andspecial tariffs. Finally, amidst the new opti-

mism that is a feature of the Indian corpo-rate sector and the economy in general,companies are increasingly using off-siteactivities to motivate employees, buildmorale and create bonding opportunitiesthat boost the effectiveness of teams.

A toothpaste manufacturer recentlyhad a two-day off-site activity at a five-starhotel in Goa, which featured a variety of competitive activities. Another organisa-tion conducted a firewalk activity at itsemployee off-site at a hotel in Bangalore,

while a third organised culinary classes forits employees during a three-day off-site ata Goa hotel. A leading pharma manufac-turer also conducted a two-day retreat at aBangalore hotel as a reward for its salesforce. A company that specialises in con-ferences and events recently conducted athree-day off-site at a hotel in Kochi for aKochi-based company, the high point of

which was a boat cruise in the backwaters.This trend has boosted hotel revenues,

which have seen a substantial increase inincome from such events. One luxuryresort located in the Western Ghats, whichconducts such events, has seen a 60 percent increase in bookings for corporate off-sites this year. According to a hospitalityindustry executive, hotels have increasedtheir budget for such events by between 10per cent and 20 per cent this year.

B S REPORTERThis article is issued in

general investor interest. Please refer Page No. 74 for disclaimer.

Hotels have it good

Intouch mutually4 November 2014


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Intouch mutually November 2014 5

Nature of Scheme

This product issuitable for investorswho are seeking ~

Fund Manager

Inception Date(Date of Allotment)

Entry / Sales Load

Exit Load

Investment Plan

Investment Options

MinimumApplication Amount(Under each Plan /Option)

Net Asset Value(NAV)

RedemptionProceeds

HDFC Growth Fund

Open-ended Growth Scheme

Capital appreciation overlong term.

Investment predominantly inequity and equity relatedinstruments

High risk. (Brown)

Srinivas Rao Ravuri(since April 3, 06)#

September 11, 2000

HDFC Growth Fund,HDFC Growth Fund - Direct Plan

HDFC Equity Fund



Investment predominantly inequity and equity relatedinstruments of medium to largesized companies

High risk. (Brown)

Prashant Jain(since June 19, 03)*#

January 1, 1995

HDFC Equity Fund,HDFC Equity Fund - Direct Plan

HDFC Top 200 Fund



Investment in equity and equitylinked instruments includingequity derivatives primarily drawnfrom the companies in the S&PBSE 200 Index.

High risk. (Brown)

Prashant Jain(since June19, 03)*#

October 11, 1996

HDFC Top 200 Fund,HDFC Top 200 Fund - Direct Plan

HDFC CapitalBuilder Fund



Investment predominantly inequity and equity relatedinstruments of strong compani

High risk. (Brown)

Chirag Setalvad (since April 2, 0& Miten Lathia (since May 10, 1

February 1, 1994

In respect ofeachpurchase /switch-in of Units, an Exit Loa

1.00% is payable if Units areredeemed / switched-out withi18 months from the date ofallotment.

No Exit Load is payable if Uniare redeemed / switched-outafter 18 months from the dateof allotment.

HDFC Capital Builder Fund, HDCapital Builder Fund - Direct Pla

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16* Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03)# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas.

Features of our select schemes

Not Applicable.Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) baassessment of various factors including the service rendered by the ARN Holder.

Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facil

(Brown) - Investors understand that their principal will be at high risk.

(Blue) - Investors understand that their principal will be at low risk.

(Yellow) - Investors understand that their principal will be at medium risk.

~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr e sent e d a s:

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1% 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.

For further details, please refer to para Exit Load on Pg 16.

Normally despatched within 3-4 Business Days.

Every Business Day

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


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Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options



RedemptionProceeds

HDFC Core & Satellite Fund



Investment primarily in equity and equity

related instruments of companies whoseshares are quoting at prices below theirtrue value.

High risk. (Brown)

Vinay Kulkarni(since November 21, 06)#

September 17, 2004

In respect of each purchase / switch-in of Units, an Exit Load of 3.00% is payable if Units are redeemed / switched-out within12 months from the date of allotment.

In respect of each purchase / switch-in of Units, an Exit Load of 2.00% is payable if Units are redeemed / switched-out after 12months but within 24 months from thedate of allotment.

In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out after 24months but within 36 months from thedate of allotment.

No Exit Load is payable if Units areredeemed / switched-out after 36 monthsfrom the date of allotment.(With effect from December 1, 2014)

HDFC Core & Satellite Fund, HDFC Core &Satellite Fund - Direct Plan

HDFC PremierMulti-Cap Fund



Investment predominantly in

equity and equity relatedinstruments of Mid Cap andLarge Cap blue chipcompanies.

High risk. (Brown)


April 6, 2005

HDFC Premier Multi-Cap Fund,HDFC Premier Multi-Cap Fund -Direct Plan

HDFC Mid-CapOpportunities Fund

Open-ended Equity Scheme


Investment predominantly in

equity and equity relatedinstruments of Small andMid Cap companies.

High risk. (Brown)

Chirag Setalvad(since June 25, 07)#

June 25, 2007

HDFC Mid-Cap OpportunitiesHDFC Mid-Cap Opportunities- Direct Plan

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16* Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14)# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas.

HDFC Large Cap Fund(Erstwhile Morgan Stanley Growth Fund)



Investment in equity and

equity related instruments of Large Cap companies. High risk. (Brown)

Vinay Kulkarni(since June 28, 14)*#

February 18, 1994

HDFC Large Cap Fund -Regular PlanHDFC Large Cap Fund - Direct Plan


(Blue) - Investors understand that their principal will be at low risk.(Yellow) - Investors understand that their principal will be at medium risk.

~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Ri sk is r epr es ent e d as:

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 factors including the service rendered by

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1% is payable if units a / 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 da


Under Each Plan : Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facil


Every Business Day



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Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16 # Dedicated Fund Manager for Overseas Investm

Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options


Lock-in Period


RedemptionProceeds

HDFC Infrastructure Fund



Investment predominantly inequity and equity relatedsecurities of companiesengaged in or expected tobenefit from the growth anddevelopment of infrastructure.

High risk. (Brown)

Prashant Jain and Srinivas RaoRavuri (since March 10, 08) #

March 10, 2008

In respect ofeachpurchase /switch-in of Units, an ExitLoad of 1% is payable if unitsare redeemed / switched-outwithin 1 year from the dateof allotment.

No Exit Load is payable if Units are redeemed /switched-out after 1 yearfrom the date of allotment.

HDFC Infrastructure Fund,HDFC Infrastructure Fund -

Direct Plan

N.A.

HDFC TaxSaver

Open-ended Equity LinkedSavings Scheme with a lock-iperiod of 3 years

Growth of capital overlong term.

Investment predominantly equity and equity relatedinstruments.

High risk. (Brown)


March 31, 1996

Nil

HDFC TaxSaver,HDFC TaxSaver - Direct Plan

HDFC Long Term Advantage Fund

Open-ended Equity LinkedSavings Scheme with a lock-inperiod of 3 years


Investment predominantly inequity and equity relatedinstruments.

High risk. (Brown)

Chirag Setalvad(since April 2, 07)#

January 2, 2001

Nil

HDFC Long Term Advantage Fund,HDFC Long Term Advantage Fund -

Direct Plan

Purchase & Additional Purchase :` 500 and in multiplesof` 500 thereafter.

3 years from the date of allotment of the respective U(including Units allotted under dividend reinvestme

Normally despatched within 3-4 Business Days (Redemsubject to completion of Lock-in Period, if applicab



~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr e s ent e d a s:

HDFC Small and Mid Cap Fund(Erstwhile Morgan Stanley A.C.E. Fund)


Capital appreciation over long term. Investment predominantly in equity and

equity related instruments of Small-Cap andMid-Cap companies.

High risk. (Brown)

Chirag Setalvad (since June 27, 14)*#

April 3, 2008

In respect ofeachpurchase / switch-in of Units, an Exit Load of 2.00% is payable if Units are redeemed /switched-out within 12months from the date of allotment.

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed / switched-out after 12months but before 18 months from the dateof allotment.

No Exit Load is payable if Units are redeemed / switched-out after 18 months from the dateof allotment.

HDFC Small and MidCap Fund - Regular PlanHDFC Small and MidCap Fund - Direct Plan

N.A.


Under Each Plan: Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facili


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

Every Business Day



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Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options



RedemptionProceeds

HDFC Index Fund

Open-ended Index Linked Scheme

SENSEX Plan Returns that are commensurate with the performance of the SENSEX, subject

errors over long term

Investment in equity securities covered by the SENSEX High risk. (Brown)Nifty Plan Returns that are commensurate with the performance of the Nifty, subject to tr

over long term Investment in equity securities covered by the Nifty 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

whose securities are included in SENSEX and between 10% & 20% of the necompanies whose securities are not included in the SENSEX.

High risk. (Brown)

Vinay Kulkarni (since December 29, 06)

July 17, 2002

For SENSEX & SENSEX Plus Plan In respect ofeachpurchase / switch-in of Units, an Exit Load of 1.00% is payable

are redeemed / switched-out within 30 days from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 30 days fro

of allotment. No Load shall be levied on bonus units.Nifty Plan In respect ofeachpurchase / switch-in of Units, an Exit Load of 1.00% is payable

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 f

of allotment. No Load shall be levied on bonus units.

HDFC Index Fund - Nifty Plan, HDFC Index Fund - Nifty Plan - Direct Plan, HDSENSEX Plan, HDFC Index Fund - SENSEX Plan - Direct Plan, HDFC Index FuPlan, HDFC Index Fund - SENSEX Plus Plan - Direct Plan

At present, each Plan offers Growth Option only.


HDFC Arbitrage Fund

Open ended Equity Fund

Income over short term. Income through arbitrage opportunities between

cash and derivative market and arbitrage

opportunities within the derivative segment Low risk. (Blue)

Anil Bamboli (since October 23, 07)#

October 23, 2007

In respect ofeachpurchase / switch-in of units,an Exit Load of 0.50% is payable if Units areredeemed / switched-out within 3 months fromthe date of allotment.

No Exit Load is payable if Units are redeemed /switched-out after 3 months from the date ofallotment.

HDFC Arbitrage Fund (Wholesale Plan),HDFC Arbitrage Fund (Wholesale Plan) - Direct Plan

Under Each Plan: Growth and Dividend Option. DividendOption offers Monthly Dividend Option and NormalDividend Option with Payout and Reinvestment facility.

Purchase / Additional Purchase:` 1 lakh and anyamount thereafter.

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 factors including the service rendered by

Every Business Day


Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16 # Dedicated Fund Manager for Overseas Investme








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Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16* Date of migration from Zurich India Mutual Fund (Close of business hours - June 19, 03) # Dedicated Fund Manager for Overseas $ For Large Investors, subscriptions shall only be allowed by payment of requisite Cash through RTGS/NEFT or Funds Transfer Letter/ Transfer Chequecollection account.

Nature of Scheme

This product is

suitable for investorswho are seeking ~

Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options



RedemptionProceeds

HDFC Gold ExchangeTraded Fund

An Open-ended ExchangeTraded Fund

Returns that are commensurate with

the performance of gold, subject totracking errors over long term. Investment predominantly in Gold

bullion of 0.995 fineness High risk. (Brown)

Anil Bamboli(since August 13, 10)

August 13, 2010

For Creation Unit Size:No Exit load will be levied onredemptions made by AuthorisedParticipants / Large Investors directlywith the Fund in Creation Unit Size.

For other than Creation Unit Size:Not Applicable. The Unitsin other than Creation Unit Sizecannot be directly redeemed with theFund. These Units can be redeemed(sold) on a continuous basis on thestock exchange(s) during the tradinghours on all trading days.

HDFC Gold Exchange Traded Fund

Currently, there are no Options beingoffered under the Scheme.

Directly with the Fund Subscription /Redemption in exchange of PortfolioDeposit and Cash Component increation unit size of 1,000 units and inmultiples thereafter. $On the Exchange(s) 1 unit and inmultiples of 1 unit thereafter.

HDFC Gold Fund

An Open-ended Fund of Fund Schemeinvesting in HDFC Gold Exchange TradedFund

Capital appreciation over long term. Investment in Units of HDFC GoldExchange Traded Fund (HGETF).

HGETF invests in gold bullion of0.995 fineness.

High risk. (Brown)

Anil Bamboli(since November 1, 11)

November 1, 2011

In respect ofeachpurchase / switch-inof units An Exit Load of 2% is payable if Units

are redeemed / switched-out within6 months from the date of allotment.

An Exit Load of 1% is payable if Unitsare redeemed / switched-out after6 months but within 1 year from thedate of allotment.

No Exit Load is payable if Units areredeemed / switched-out after 1 yearfrom the date of allotment.

HDFC Gold Fund, HDFC Gold Fund -Direct Plan

Currently each Plan offers onlyGrowth Option.

HDFC Balanced Fund

Open-ended Balanced Scheme

Capital appreciation along

with current income overlong term. Investment predominantly

in equity and equity relatedinstruments with balanceexposure to debt andmoney market instruments.

High risk. (Brown)

Chirag Setalvad(since April 2, 07)#

September 11, 2000

HDFC Balanced Fund, HDFCBalanced Fund - Direct Plan

HDFC Prudence Fund


Periodic income with capital

appreciation and prevention capital erosion over long ter Investment predominantly in

equity and equity relatedinstruments with balanceexposure to debt and moneymarket instruments

High risk. (Brown)

Prashant Jain(since June 19, 03)*#

February 1, 1994

HDFC Prudence Fund, HDFCPrudence Fund - Direct Plan

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 factors including the service rendered b


Under Each Plan: Growth & Dividend. The Dividend OptiDividend Payout and Reinvestment facility.

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

Every Business Day




~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr esent e d a s:

In respect ofeachpurchase / switch-in of Units, an Exit Lof 1.00% is payable if Units are redeemed / switched-owithin 18 months from the date of allotment.

No Exit Load is payable if Units are redeemed / switchafter 18 months from the date of allotment.


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^ 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.@ Personal Accident InsuraCover 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 Unitaccount 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 baccident insurance cover is subject to conditions of the group personal accident insurance policy.Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16 # Dedicated Fund Manager for Overseas Investm

Nature of Scheme

This product issuitable f or investorswho are seeking ~

Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options


Lock-in Period


RedemptionProceeds

HDFC Childrens Gift Fund (CGF)^@


CGF - Investment Plan Capital appreciation over long term Investment in equity and equity related instruments as

well as debt and money market instruments. High risk. (Brown)CGF - Savings Plan Capital appreciation over medium to long term. Investment in debt and money market instruments as

well as equity and equity related instruments. Medium risk. ( Yellow)

Chirag Setalvad (since April 2, 07)#

March 2, 2001

For Units subject to Lock-in Period: NIL For Units not subject to Lock-in Period: 3% if the Units are redeemed / switched-out within

one year from the date of allotment; 2% if the Units are redeemed / switched-out between

the first and second year of the date of allotment; 1% if Units are redeemed / switched-out between the

second and third year of the date of allotment; Nil if the Units are redeemed / switched-out after third

year from the date of allotment.

Equity Oriented - Investment Plan, Investment Plan -Direct Plan

Debt Oriented -Savings Plan, Savings Plan - Direct Plan

Nil


If opted :Until the Unit holder (being the beneficiary child)attains the age of 18 years or until completion of 3 yearsfrom date of allotment, whichever is later.

Normally despatched within 3-4 Business Days (Redemption issubject to completion of Lock-in Period, if opted).




HDFC MF Monthly Income Plan(HDFC MF MIP)

An open-ended income scheme. Monthly income is not assured and is subject to avtributable surplus

HDFC MF MIP - Short Term Plan (STP) & Long Term Plan (LTP) Regular income over medium to long term. Investment in debt and money market instruments as well as equity and equity

related instruments. Medium risk. ( Yellow)

LTP Prashant Jain (Equities) (since December 26, 03),Shobhit Mehrotra (Debt) (since September 1, 07)#,STP Vinay Kulkarni (Equities) (since November 21, 06),Shobhit Mehrotra (Debt) (since February 16, 04)#

December 26, 2003

MIP - Short Term Plan & MIP - Long Term Plan In respect ofeachpurchase / switch-in of Units, an Exit Load of 2.00% is payable Units are redeemed / switched-out within 12 months from the date of allotmen

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1.00% is payable redeemed / switched-out after 12 months but within 24 months from the date o

In respect ofeachpurchase / switch-in of Units, an Exit Load of 0.50% is payable redeemed / switched-out after 24 months but within 36 months from the date o

No Exit Load is payable if Units are redeemed / switched-out after 36 months fof allotment.(For MIP- Long Term Plan with effect from December 1, 2014)

HDFC MF MIP - Short Term Plan (STP), HDFC MF MIP - STP - Direct Plan,HDFC MF MIP - Long Term Plan (LTP), HDFC MF MIP - LTP - Direct Plan

Each Plan offers Growth, Monthly Dividend & Quarterly Dividend Option. The Dioffers Dividend Payout and Reinvestment facility.

Purchase :(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.

N.A.


Not Applicable. Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) baseassessment of various factors including the service rendered by the ARN Holder.

For further details, please ref er to para Exit Load on Pg 16.

Every Business Day


11/76



Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Options



RedemptionProceeds

HDFC Multiple Yield Fund

Open-ended Income Scheme

Positive returns over medium term with lowrisk of capital loss over medium term.

Investment in debt and money marketinstruments with maturity of 1 year (85%)as well as equity and equity relatedinstruments (15%).

Medium risk. ( Yellow)

Vinay Kulkarni (Equities), (since Nov 21, 06)Anil Bamboli (Debt) (since September 17, 04)#

September 17, 2004

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1% is payable if unitsare redeemed / switched-out within 1 yearfrom the date of allotment.

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

HDFC Multiple Yield Fund,HDFC Multiple Yield Fund - Direct Plan

HDFC Multiple Yield Fund (MYF) Plan 2005


Positive returns over medium term with lowrisk of capital loss over medium term.

Investment in debt and money marketinstruments with maturity of 15 months(85%) as well as equity and equity relatedinstruments (15%).

Medium risk. ( Yellow)

Chirag Setalvad (Equities), (since April 2, 07)Anil Bamboli (Debt) (since Aug 17, 05)#

August 17, 2005

In respect ofeachpurchase / switch-in of Units, an Exit Load of 1% is payable if unitsare redeemed / switched-out within 15months from the date of allotment.

No Exit Load is payable if Units are redeemed / switched-out after 15 months from the dateof allotment.

HDFC MYF - Plan 2005,HDFC MYF - Plan 2005 - Direct Plan


Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16* Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14)# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas.



~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr e s ent e d a s:

HDFC Dynamic PE Ratio Fund of Funds(Erstwhile Morgan Stanley Multi Asset Fund)

Open-ended Fund of Funds Scheme

Capital appreciation over long term. Investment in specified equity and debt

schemes of HDFC Mutual Fund based onPE Ratios.

High risk. (Brown)

Miten Lathia (Equities), (since June 27, 14)Anil Bamboli (Debt) (since June 27, 14)*

February 6, 2012

In respect ofeachpurchase / switch-in of Unan Exit Load of 1% is payable if units areredeemed / switched-out within 1 year frodate of allotment.

No Exit Load is payable if Units are redeswitched-out after 1 year from the dateof allotment.

HDFC Dynamic PE Ratio Fund of Funds -Regular PlanHDFC Dynamic PE Ratio Fund of Funds - D

Not Applicable.Upfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) bassessment of various factors including the service rendered by the ARN Holder.

Under Each Plan: Growth & Dividend. The Dividend Option offers Dividend Payout and Reinvestment facil


Every Business Day



12/76



HDFC Income Fund


Regular income over medium tolong term.

To optimise returns while maintaininga balance of safety, yield and liquidityby investment in debt and moneymarket instruments.

Low risk. (Blue)

Shobhit Mehrotra (since September 1, 07)#

September 11, 2000

In respect ofeachpurchase / switch-inof Units, an Exit Load of 0.5% ispayable if units are redeemed /switched-out within 6 months from thedate of allotment.

No Exit Load is payable if Units areredeemed / switched-out after 6months from the date of allotment.

HDFC Income Fund,HDFC Income Fund - Direct Plan

Under each Plan: Growth & Dividend.The Dividend Option offers Dividend Payoutand Reinvestment facility.

Nature of Scheme

This product issuitable for investors

who are seeking ~

Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Option



Redemption

Proceeds

HDFC Short Term Plan


Regular income over short tomedium term.

Investment in debt and money markinstruments with a short to medium maturity (average maturity profile o1-3 years).

Low risk. (Blue)

Anil Bamboli (since January 13, 04)#

February 28, 2002

In respect ofeachpurchase /switch-in of Units, an Exit Load of0.75% is payable if units are redeem / switched-out within 12 months frthe date of allotment.

No Exit Load is payable if Units arredeemed / switched-out after 12months from the date of allotment.

HDFC Short Term Plan,HDFC Short Term Plan - Direct Plan

Under both the Plans:Growth, MonthlyDividend option and Normal DividendDividend options offer Payout andReinvestment facilities.

HDFC High Interest Fund (HHIF)


HDFC High Interest Fund - Dynamic Plan Stable returns over medium to long term.

To maximize income while maintaining the optimum balance of yield, safety and liquidity by investing in a range of debt andmoney market instruments of various maturity dates.

Low risk. (Blue)HDFC High Interest Fund - Short Term Plan (HHIF - STP) Stable returns over short to medium term. To maximize income while maintaining the optimum balance of

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

Low risk. (Blue)

Anil Bamboli (HHIF - Dynamic Plan) (since February 16, 04)#,Shobhit Mehrotra (HHIF - STP) (since September 1, 07)#

HHIF - Dynamic Plan :April 28, 1997HHIF - STP :February 6, 2002

HHIF - Dynamic Plan: In respect ofeachpurchase / switch-in of Units, an Exit Load

of 0.50% is payable if units are redeemed / switched-outwithin 3 months from the date of allotment.

No Exit Load is payable if Units are redeemed / switched-outafter 3 months from the date of allotment.

HHIF - STP In respect ofeachpurchase / switch-in of units, an Exit Load of

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

No Exit Load is payable if Units are redeemed / switched-out after1 month from the date of allotment.

HHIF - Dynamic Plan, HHIF - Dynamic Plan - Direct Plan,HHIF - STP, HHIF - STP - Direct Plan

HHIF - Dynamic Plan :Under both the Plans:Growth, Quarterly,Half Yearly and Yearly Dividend Options.HHIF - STP :Under both the Plans: Growth, Normal Dividend andFortnightly Dividend. Both Dividend options offer Payout andReinvestment facilities.


Every Business Day



Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16 # Dedicated Fund Manager for Overseas Investm




~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Ri sk i s r epr es ent e d as:


13/76

Intouch mutually Novemberr 2014 13


Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Option

MinimumApplication Amount(Under each Plan) /Option


Redemption

ProceedsInvestors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16 # Dedicated Fund Manager for Overseas Investments: M* Date of migration from Morgan Stanley Mutual Fund (Close of business hours - June 27, 14)

HDFC Gilt Fund


Short Term Plan Credit risk free returns over short to

medium term. Investment in sovereign securitiesissued by Central/ State Government

with short to medium term maturities. Low risk. (Blue)Long Term Plan Credit risk free returns over medium

to long term. Investment in sovereign securities

issued by Central / State Governmentwith medium to long term maturities.

Low risk. (Blue)

Anil Bamboli(sinceSeptember 1, 07)

July 25, 2001

Short Term Plan : NilLong Term Plan :Nil

Short Term Plan,Short Term Plan - Direct Plan,Long Term Plan,Long Term Plan - Direct Plan

Under both the Plans: Growth & DividendOption (Dividend Option offers DividendPayout and Reinvestment facility).

HDFC Medium TermOpportunities Fund


Regular income over medium tolong term.

Investment in debt, money market

instruments and governmentsecurities with maturities notexceeding 60 months.

Low risk. (Blue)

Shobhit Mehrotra(since June 29, 10) #

June 29, 2010

In respect ofeachpurchase/switch-in of units, an exit loadof 1% is payable if units areredeemed/switched out within12 months from the date ofallotment.

No exit load is payable if unitsare redeemed/ switched-outafter 12 months from the date of allotment.

HDFC Medium Term OpportunitiesFund, HDFC Medium TermOpportunities Fund - Direct Plan

Under both the Plans: Growth,Quarterly Dividend and NormalDividend. Both Dividend options offerPayout and Reinvestment facilities.

HDFC Short TermOpportunities Fund


Regular income over short tomedium term.

Investment in debt and money

market instruments andgovernment securities withmaturities not exceeding 36months.

Low risk. (Blue)

Anil Bamboli(since June 25, 10) #

June 25, 2010

In respect ofeachpurchase/switch-in of units, an Exit load of 0.50% is payable if units areredeemed/ switched-out within3 months from the date ofallotment.

No Exit Load is payable if unitsare redeemed/switched-out after3 months from the date ofallotment.

HDFC Short Term Opportunities Fund,HDFC Short Term Opportunities Fund -Direct Plan

Under both the Plans: Growth &Fortnightly Dividend Option (DividendOption offers Dividend Payout andReinvestment facility).

HDFC Inflation Indexed BondFund (Erstwhile Morgan Stanley Gilt Fund)


Generate income and capitalappreciation indexed to inflati

Investment in inflation indexe

securities issued by governmeand corporate issuers Low risk. (Blue)

Anil Bamboli(since June 27, 14)*

Mar 4, 2013

In respect ofeachpurchase /switch-in of units, an exit load1.5% is payable if units areredeemed/switched out within months from the date of allotm

No exit load is payable if unitsredeemed/switched-out after 1months from the date of allotm

HDFC Inflation Indexed Bond FuRegular Plan,HDFC Inflation Indexed Bond FuDirect Plan

Under both the Plans: Growth, ReDividend and Quarterly DividendDividend Options offer Payout anReinvestment facilities.



Every Business Day




~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr e sent e d a s:



14/76

HDFC Floating Rate Income Fund


Short Term Plan Regular income over short term. 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 marketinstruments of short term maturities with higher liquidity. Low risk. (Blue)Long Term Plan Regular income over short to medium term. 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 marketinstruments of longer term maturities.

Low risk. (Blue)

Shobhit Mehrotra (since February 16, 04)#

Long Term Plan (LTP) :January 16, 2003Short Term Plan (STP) - Wholesale Option: October 23, 2007

STP :NilLTP : In respect ofeachpurchase / 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.

STP - Wholesale Option, STP - Wholesale Option - Direct Plan,LTP, LTP - Direct Plan

STP Wholesale Option :Under both the Plans: Growth and Dividend Option. The DividendOption offers Daily Dividend Option (with Reinvestment facility only) and Weekly and MonthlyDividend Option (with Payout and Reinvestment facility).LTP :Under both the Plans: Growth and Weekly Dividend Option(with Reinvestment facility only).

STP Wholesale Option :Purchase :` 10 lakh and any amount thereafter.Additional Purchase :` 1 and and any amount thereafter.LTP :For Purchase :` 5,000 and any amount thereafter.Additional Purchase :` 1,000 and any amount thereafter.

Every Business Day


Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Option



RedemptionProceeds

Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16^ Calculated on all calendar days# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas.

HDFC Liquid Fund

Open-ended Liquid Income Scheme

Income over short term. Investment in debt and money market instrum Low risk. (Blue)

Shobhit Mehrotra (since February 16, 04)#

October 17, 2000

Nil

HDFC Liquid Fund, HDFC Liquid Fund - Direct

Under both the Plans: Growth & Dividend OptioDividend Option offers Daily Dividend Option(Reinvestment facility only) and Weekly and MoDividend Option (with Payout and Reinvestment

Purchase :` 10,000 and any amount thereafter;Additional Purchase :` 5,000 and any amountthereafter.

Every Business Day^

Normally despatched within 1 Business Day.







~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Ri sk i s r epr es ent e d as:


15/76



Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.For Tax Benefits / Consequences, Please refer to page 16^ Calculated on all calendar days# Dedicated Fund Manager for Overseas Investments: Mr Rakesh Vyas.



~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Risk i s r epr e s ente d a s:

Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Option

Minimum Application Amount(Under each Plan /Option)

Net Asset Value (NAV)

RedemptionProceeds

HDFC Cash Management Fund

Savings & Call Plan:Open-ended High Liquidity Income SchemeTreasury Advantage Plan:Open-ended Income Scheme

Anil Bamboli Savings & Call Plan(since July 25, 12)# Treasury Advantage Plan(since September 1, 07)#

Savings & Treasury Advantage Plan (Retail Option):November 18, 1999 Call Plan :February 6, 2002


Savings, Call & Treasury Advantage Plan :Nil

Savings Plan, Savings Plan - Direct Plan, Call Plan, Call Plan - Direct Plan, Treasury Advantage Plan, Treasury Advantage Plan

Savings & Call Plan :Each Plan offers Growth Option & Daily Dividend Option (with Reinvestment facility only). Savings Plan alsOption (with Payout and Reinvestment facility).Treasury Advantage Plan (Retail Option):Each Plan offers Growth and Dividend Option. Dividend Option offers Daily Dividend Optionfacility only and Weekly and Monthly Dividend Option with Payout and Reinvestment facility.

Savings & Call Plan :Purchase 10,000 and any amount thereafter; Additional Purchase` 5,000 and any amount thereafter.Treasury Advantage Plan Retail 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.

Savings & Call Plan:Every Business DayTreasury Advantage Plan:Every Business Day

Savings & Call Plan :Normally despatched within 1 Business Day.Treasury Advantage Plan:Normally despatched within 3-4 Business Days.

Savings Plan Optimal returns over short term. Investment in debt and money

market instruments with maturityof upto 91 days only.

Low risk. (Blue)

Treasury Advantage Plan Regular income over short term Investment in debt and money

market instruments. Low risk. (Blue)

Call Plan Optimal returns over short term that may be in line with the

overnight call rates. Investment typically in Collateralised Borrowing & Lending

Obligations (CBLO), overnight reverse repos in Government securitiesand fixed income instruments with overnight maturity/ liquidity.

Low risk. (Blue)



16/76



Nature of Scheme


Fund Manager


Entry / Sales Load

Exit Load

Investment Plan

Investment Option

Minimum Application Amount(Under each Plan /Option)

Net Asset Value (NAV)

RedemptionProceeds

HDFC Banking and PSU Debt Fund


Regular income over medium to long term Investments in debt and money market instrument

consisting predominantly of securities issued by S

Commercial Banks and Public Sector undertaking Low risk. (Blue)

Anil Bamboli (since March 26, 14) #

March 26, 2014

In respect ofeach purchase/switch-in of units, an Exiload of 0.25% is payable if units are redeemed / swout within 1 month from the date of allotment.

No Exit Load is payable if units are redeemed / swout after 1 month fromthe date of allotment.

HDFC Banking and PSU Debt Fund - Regular PlanHDFC Banking and PSU Debt Fund - Direct Plan

Under Each Plan: Growth & Dividend. The Dividendoffers Dividend Payout and Dividend Reinvestment f

HDFC Corporate Debt Opportunities Fund


Regular income over medium to long term. To generate regular income and capital appreciation by investing predominantly in

corporate debt. Medium risk. ( Yellow)

Shobhit Mehrotra (since March 25, 14) #

March 25, 2014

In respect ofeachpurchase / 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.

In respect ofeachpurchase / 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 thedate of allotment.

In respect ofeachpurchase / 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. No Exit Load is payable if Units are redeemed / switched-out after 36 months from thedate of allotment.

HDFC Corporate Debt Opportunities Fund - Regular Plan, HDFC Corporate DebtOpportunities Fund - Direct Plan

Under Each Plan: Growth, Half Yearly Dividend and Normal Dividend. Both Dividendoptions offer Payout and Reinvestment facilities. (with effect from November 20, 2014)


Investors are advised to consult their tax advisors with respect to the tax consequences of the purchase, ownership and disposal of mutual fund units.^ Calculated on all calendar days # Dedicated Fund Manager for Overseas Investments: Mr Rakesh VyasExit 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 withinto applicable exit load, unless the investments were made without any distributor code. However, any subsequent switch-out or redemption of such investmensubject 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 subsequentinvestment 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 betweseparate 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.

Tax Benefits / Consequences :Income distributed by the Scheme(s) is free from Incometax in the hands of Investors. The additional income-tax on distribution of(not being an equity oriented fund) to an individual / HUF shall be payable at the rate of 28.325%* and at the rate of 33.99%* on distribution of income to anScheme(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 thetime of redemption / switch-out of units of an equity-oriented fund.* including applicable surcharge, education cess and secondary and higher education cessInvestors 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 taxconsequences, each investor is advised to consult his / her own prof essional tax advisor.

Prashant Jain Over 23 yearsVinay Kulkarni Over 24 yearsSrinivas Rao Ravuri Over 19 yearsChirag Setalvad Over 17 years

Shobhit Mehrotra Over 21 yearsAnil Bamboli Over 20 yearsMiten Lathia Over 14 yearsRakesh Vyas Over 10 years

Fund Manager Total Experience Fund Manager Total Experience



~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.N ot e: Ri sk is r epr es e nt e d as:

Every Business Day


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


17/76

Portfolio Top 10 Holdings

HDFC Growth Fund

$ Sponsor

An open-ended growth scheme

HDFC Equity Fund An open-ended growth scheme

Banks 27.31Software 14.13Petroleum Products 10.77Auto 6.78Pharmaceuticals 6.18Industrial Capital Goods 4.16Oil 3.79Construction Project 3.54Telecom - Services 3.36Finance 2.80

Chemicals 2.76Consumer Non Durables 2.62Minerals / Mining 1.88Power 1.77Ferrous Metals 1.33Gas 1.28Cement 1.26Construction 1.22Industrial Products 0.64Gas 0.42

Industry Allocation of Equity Holding (% of Net Assets)

Portfolio Turnover Ratio (Last 1 Year) 30.65%

NAV (as of November 28, 2014) NAV per Unit (` )

Growth Option 135.922Dividend Option 34.335Direct Plan - Growth Option 137.097Direct Plan - Dividend Option 34.657

Std Deviation Beta Sharpe Ratio*Risk Ratio 5.00% 1.1113 0.207(for the 3-yr period ended Nov 28, 14)Based on month-end NAV





Portfolio Turno ver Ratio (Last 1 Year) 39.63%

Banks 26.41Software 13.72Petroleum Products 8.43Auto 7.56Construction Project 6.60Pharmaceuticals 6.33Finance 4.58Industrial Capital Goods 4.24Consumer Non Durables 3.51Power 3.49

Telecom - Services 3.19Oil 2.32Cement 1.58Auto Ancillaries 1.52Ferrous Metals 1.12Gas 1.09Industrial Products 0.97Construction 0.77Media And Entertainment 0.68


Company Industry+ % to NAV

EQUITY & EQUIT Y RELATEDInfosys Ltd. Software 8.35ICICI Bank Ltd. Banks 8.31State Bank of India Banks 7.03Reliance Industries Ltd. Petroleum Products 6.30HDFC Bank Ltd. Banks 4.77Bharat Petroleum Corporation Ltd. Petroleum Products 4.47Tata Motors Ltd. DVR Auto 3.89Tata Consultancy Services Ltd. Software 3.57Larsen & Toubro Ltd. Construction Project 3.54Housing Development Finance Corporation Ltd. $ Finance 2.80Total of Top Ten Holdings 53.03Total Equity & Equity Related Holdings 98.00Cash, Cash Equivalents and Net Current Assets 2.00Grand Total 100.00

Average AUM for the quarter ended September 30, 2014 (` In Lakhs) 116,558.83


EQUIT Y & EQUIT Y RELATEDState Bank of India Banks 10.17ICICI Bank Ltd. Banks 7.6Infosys Ltd. Software 6.85Larsen & Toubro Ltd. Construction Project 5Aurobindo Pharma Ltd. Pharmaceuticals 4.Bharat Petroleum Corporation Ltd. Petroleum Products 4Maruti Suzuki India Ltd. Auto 4.1Bank of Baroda Banks 3.75Tata Motors Ltd. DVR Auto 3.4Info Edge (India) Ltd. Software 2.6

Total of Top Ten Holdings 53.21Total Equity & Equity Related Holdings 98.11Cash margin 0.03Other Cash, Cash Equivalents and Net Current Assets 1Grand Total 100.00

Average AUM for the quarter ended September 30, 2014 ( In Lakhs) 1,563,785.36

Source for Risk ratio: CRISIL Fund Analyser * Risk-free rate assumed to be 8.23% (364-day Treasury Bill yield on

Face Value per Unit:` 10 unless otherwise specified + Industry Classification as recommended by AMFI Data is as of November 30, 2014 unless otherwise s



18/76

HDFC Top 200 Fund An open-ended growth scheme

HDFC Capital Builder Fund An open-ended growth scheme






EQUITY & EQUIT Y RELATEDState Bank of India Banks 8.99Infosys Ltd. Software 7.51ICICI Bank Ltd. Banks 5.94Larsen & Toubro Ltd. Construction Project 4.32Reliance Industries Ltd. Petroleum Products 4.23Maruti Suzuki India Ltd. Auto 3.61Tata Motors Ltd. DVR Auto 3.45Aurobindo Pharma Ltd. Pharmaceuticals 3.20Housing Development Finance Corporation Ltd. $ Finance 3.17Bank of Baroda Banks 3.16

Total of Top Ten Holdings 47.58Total Equity & Equity Related Holdings 99.55Cash margin 0.11Other Cash, Cash Equivalents and Net Current Assets 0.34Grand Total 100.00

Average AUM for the quarter ended September 30, 2014 (` In Lakhs) 1,280,023.15

Portfolio Top 10 Holdings Portfolio Top 10 Holdings



EQUIT Y & EQUIT Y RELATEDInfosys Ltd. Software 7.02ICICI Bank Ltd. Banks 6.0State Bank of India Banks 5.97Bharat Petroleum Corporation Ltd. Petroleum Products 3Reliance Industries Ltd. Petroleum Products 3Tata Motors Ltd. Auto 3.49Solar Industries India Ltd. Chemicals 3.HDFC Bank Ltd. Banks 3.4Indusind Bank Ltd. Banks 3.20

Wipro Ltd. Software 2.77Total of Top Ten Holdings 42.82Total Equity & Equity Related Holdings 95.15Cash, Cash Equivalents and Net Current Assets 4Grand Total 100.00

Average AUM for the quarter ended September 30, 2014 ( In Lakhs) 59,995.38

Banks 27.86Software 13.19Petroleum Products 8.80Auto 7.80Pharmaceuticals 5.26Construction Project 4.94Industrial Capital Goods 4.90Finance 4.84Oil 3.89Consumer Non Durables 3.59Power 2.97Cement 2.54

Telecom - Services 2.34Ferrous Metals 1.86Gas 1.58Auto Ancillaries 0.86Minerals / Mining 0.85Media And Entertainment 0.64Transportation 0.30Construction 0.25Industrial Products 0.18Non - Ferrous Metals 0.10Telecom - Equipment & Accessories0.01

Industry Allocation of Equity Holding (% of Net Assets)Banks 28.38Software 14.05Pharmaceuticals 7.86Petroleum Products 7.45Construction Project 5.39Chemicals 5.22Consumer Non Durables 4.95Auto 3.49Cement 1.96Auto Ancillaries 1.91

Oil 1.89Consumer Durables 1.85Industrial Capital Goods 1.77Telecom - Services 1.75Gas 1.69Media And Entertainment 1.67Industrial Products 1.66Power 1.14Services 1.07






Source for Risk ratio: CRISIL Fund Analyser * Risk-free rate assumed to be 8.23% (364-day Treasury Bill yield o


$ SponsorTotal outstanding position (as at November 30, 2014) in Derivative Instruments

(Interest Rate Swap) (Gross Notional)` 3,347.40 lakhs.


19/76

An open-ended growth scheme An open-ended growth scheme

HDFC Core & Satellite Fund

Portfolio Turnover Ratio (Las t 1 Year) 79.96%

Banks 23.64Software 14.27Auto 9.17Petroleum Products 8.81Industrial Capital Goods 6.73Cement 6.56Pharmaceuticals 6.17Construction Project 5.52Oil 3.63

Ferrous Metals 3.40Consumer Non Durables 2.20Power 1.59Industrial Products 1.52Consumer Durables 0.90Construction 0.89Gas 0.81Finance 0.75Retailing 0.38






Banks 30.01Software 13.02Industrial Capital Goods 8.02Auto 6.43Cement 6.34Construction Project 5.33Petroleum Products 4.17Gas 3.89Consumer Non Durables 2.91

Pharmaceuticals 2.83Ferrous Metals 2.65Industrial Products 2.35Oil 1.68Consumer Durables 1.66Auto Ancillaries 1.13Minerals / Mining 0.97Power 0.82Media And Entertainment 0.57



HDFC Premier Multi-Cap Fund


EQUITY & EQUIT Y RELATEDState Bank of India Banks 9.37Infosys Ltd. Software 6.93Tata Motors Ltd. DVR Auto 5.87ICICI Bank Ltd. Banks 5.77Punjab National Bank Banks 5.19Reliance Industries Ltd. Petroleum Products 4.73Bharat Petroleum Corporation Ltd. Petroleum Products 4.08Oil India Ltd. Oil 3.63Tata Steel Ltd. Ferrous Metals 3.40

Cipla Ltd. Pharmaceuticals 3.35Total of Top Ten Holdings 52.32Total Equity & Equity Related Holdings 96.94Cash, Cash Equivalents and Net Current Assets 3.06Grand Total 100.00




Source for Risk ratio: CRISIL Fund Analyser * Risk-free rate assumed to be 8.23% (364-day Treasury Bill yield on


Large-Cap 00.00Mid Cap 00.00

Segment-wise Break-up of Equity Holding (% of Net Assets)


EQUIT Y & EQUIT Y RELATEDState Bank of India Banks 9.2Infosys Ltd. Software 7.29ICICI Bank Ltd. Banks 5.4Punjab National Bank Banks 5.3Bharat Petroleum Corporation Ltd. Petroleum ProductsHDFC Bank Ltd. Banks 4.0Gujarat State Petronet Ltd. Gas 3.8KEC International Ltd. Construction ProjectCrompton Greaves Ltd. Industrial Capital GoodsTata Motors Ltd. DVR Auto 3.3

Total of Top Ten Holdings 49.59Total Equity & Equity Related Holdings 94.78Cash, Cash Equivalents and Net Current Assets 5Grand Total 100.00

Average AUM f or the quarter ended September 30, 2014 (` In Lakhs) 33,423.02





20/76

Portfolio Turnover Ratio (Las t 1 Year) 11.98%

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




Banks 16.42Pharmaceuticals 12.38Industrial Products 10.61Auto Ancillaries 8.22Consumer Durables 8.20Software 6.40Industrial Capital Goods 5.88Finance 5.24Chemicals 4.04

Media And Entertainment 3.81Pesticides 3.65Construction Project 2.61Consumer Non Durables 2.56Petroleum Products 2.28Oil 1.49Construction 1.29Transportation 1.04


Large-Cap 00.00Mid-Cap 00.00

Segment-wise Break-up of Equity Holding (% of Net Assets)


EQUIT Y & EQUIT Y RELATEDAurobindo Pharma Ltd. Pharmaceuticals 3.AIA Engineering Ltd. Industrial Capital GoodsVoltas Ltd. Construction Project 2.4Torrent Pharmaceuticals Ltd. Pharmaceuticals 2Bank of Baroda Banks 2.39Bayer Cropscience Ltd. Pesticides 2.Hindustan Petroleum Corporation Ltd. Petroleum ProductsBajaj Finance Ltd. Finance 2.2SKF India Ltd. Industrial Products 2.Amara Raja Batteries Ltd. Auto Ancillaries 2Total of Top Ten Holdings 24.64Total Equity & Equity Related Holdings 96.12Cash, Cash Equivalents and Net Current Assets 3Grand Total 100.00

Average AUM f or the quarter ended September 30, 2014 ( In Lakhs) 664,299.39




HDFC Large-Cap Fund An open-ended equity scheme

NAV (as of November 28, 2014) NAV per Unit (` ))



Banks 25.50

Software 18.98

Auto 11.09

Petroleum Products 10.59

Telecom - Services 5.40

Construction Project 5.22

Consumer Non Durables 4.74

Finance 4.32

Ferrous Metals 4.10

Oil 2.27

Pharmaceuticals 1.50

Minerals / Mining 1.38

Power 1.07



EQUIT Y & EQUIT Y RELATEDState Bank of India Banks 9.42Infosys Ltd. Software 9.11ICICI Bank Ltd. Banks 8.16Reliance Industries Ltd. Petroleum Products 6.98HDFC Bank Ltd. Banks 6.29Larsen & Toubro Ltd. Construction Project 5.22Tata Motors Ltd. DVR Auto 5.15Cognizant Technology Solutions Corp Software 4.80ITC Ltd. Consumer Non Durables 4.74Housing Development Finance Corporation Ltd. $ Finance 4.32Total of Top Ten Holdings 64.19Total Equity & Equity Related Holdings 96.16Cash, Cash Equivalents and Net Current Assets 3.84Grand Total 100.00





$ Sponsor


21/76


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HDFC TaxSaver An open-ended equity linked savings scheme with

a lock-in period of 3 years


Growth Option 408.483Dividend Option 73.018Direct Plan - Growth Option 413.169

Direct Plan - Dividend Option 73.92



Banks 28.06Software 12.24Auto 8.20Construction Project 6.17Pharmaceuticals 5.76Petroleum Products 5.50Industrial Capital Goods 5.21Consumer Non Durables 4.67Cement 4.33Oil 2.88Finance 2.52

Ferrous Metals 2.33Auto Ancillaries 1.83Industrial Products 1.80Power 1.36Minerals / Mining 1.26Chemicals 1.11Services 0.84Gas 0.49Transportation 0.43Paper 0.32



EQUIT Y & EQUIT Y RELATEDState Bank of India Banks 9.85ICICI Bank Ltd. Banks 7.1Infosys Ltd. Software 6.02Bharat Petroleum Corporation Ltd. Petroleum Products 4Tata Motors Ltd. DVR Auto 4.4Maruti Suzuki India Ltd. Auto 3.7Larsen & Toubro Ltd. Construction Project 3

Tata Consultancy Services Ltd. Software 3Procter & Gamble Hygiene and Health Care Ltd. Consumer Non DurablesOil India Ltd. Oil 2.88Total of Top Ten Holdings 48.62Total Equity & Equity Related Holdings 97.31Cash, Cash Equivalents and Net Current Assets 2Grand Total 100.00

Average AUM for the quarter ended September 30, 2014 ( In Lakhs) 462,130.93



HDFC Long Term Advantage Fund An open-ended equity linked savings scheme with

a lock-in period of 3 years






EQUIT Y & EQUIT Y RELATEDICICI Bank Ltd. Banks 8.64Infosys Ltd. Software 6.80Tata Consultancy Services Ltd. Software 5.53Larsen & Toubro Ltd. Construction Project 5.45Tata Motors Ltd. DVR Auto 4.88Motherson Sumi Systems Ltd. Auto Ancillaries 4.43ITC Ltd. Consumer Non Durables 4.17

AIA Engineering Ltd. Industrial Capital Goods 4.15State Bank of India Banks 3.96Housing Development Finance Corporation Ltd. $ Finance 3.81Total of Top Ten Holdings 51.82Total Equity & Equity Related Holdings 99.57Cash, Cash Equivalents and Net Current Assets 0.43Grand Total 100.00


Banks 19.10Software 12.74

Industrial Products 10.37Auto Ancillaries 7.12Consumer Non Durables 6.29Petroleum Products 6.26Auto 6.03Industrial Capital Goods 5.53

Construction Project 5.45Finance 5.08

Consumer Durables 4.31Pharmaceuticals 4.19Oil 2.89Telecom - Services 2.51Ferrous Metals 1.17Media And Entertainment 0.53



$ Sponsor



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HDFC Index Fund

NIFTY Plan (Face Value per Unit: ` 10.3260)


Growth Option 75.0796Direct Plan - Growth Option 75.3550


EQUIT Y & EQUIT Y RELATEDInfosys Ltd. Software 7.21ICICI Bank Ltd. Banks 6.9ITC Ltd. Consumer Non Durables 6.8Housing Development Finance Corporation Ltd. $ FinanceHDFC Bank Ltd. Banks 6.0Reliance Industries Ltd. Petroleum Products 5Tata Consultancy Services Ltd. Software 4.Larsen & Toubro Ltd. Construction Project 4State Bank of India Banks 3.36Tata Motors Ltd. Auto 3.27Total of Top Ten Holdings 54.60Total Equity & Equity Related Holdings 98.64Cash, Cash Equivalents and Net Current Assets 1Grand Total 100.00



Portfolio Turnover Ratio (Last 1 Year) 15.29%$ Sponsor

An open-ended index linked scheme

Banks 23.06Software 15.95Consumer Non Durables 9.96Auto 9.44Finance 6.84Petroleum Products 6.23Pharmaceuticals 6.02Construction Project 4.57Oil 2.81Cement 2.72

Power 2.65Minerals / Mining 2.09Telecom - Services 1.79Ferrous Metals 1.28Non - Ferrous Metals 0.79Industrial Capital Goods 0.79Gas 0.77Media And Entertainment 0.69Construction 0.19


Tracking Error Since Inception (Annualised) 2.52%


EQUITY & EQUIT Y RELATEDInfosys Ltd. Software 8.29ICICI Bank Ltd. Banks 7.99ITC Ltd. Consumer Non Durables 7.85HDFC Bank Ltd. Banks 7.16Housing Development Finance Corporation Ltd. $ Finance 7.11Reliance Industries Ltd. Petroleum Products 6.86Tata Consultancy Services Ltd. Software 6.04Larsen & Toubro Ltd. Construction Project 5.31

State Bank of India Banks 4.17Tata Motors Ltd. Auto 3.87Total of Top Ten Holdings 64.65Total Equity & Equity Related Holdings 98.93Cash, Cash Equivalents and Net Current Assets 1.07Grand Total 100.00




$ Sponsor

SENSEX Plan (Face Value per Unit: ` 32.1610)


Growth Option 243.4093Direct Plan - Growth Option 244.7724

An open-ended index linked scheme

HDFC Index Fund

Banks 22.59Software 16.03Auto 11.19Consumer Non Durables 10.17Finance 7.11Petroleum Products 6.86Pharmaceuticals 5.85Construction Project 5.31

Oil 3.21Minerals / Mining 2.36Power 2.05Telecom - Services 2.04Ferrous Metals 1.25Industrial Capital Goods 1.04Gas 0.96Non - Ferrous Metals 0.91


Tracking Error Since Inception (Annualised) 2.75%

+ Industry Classification as recommended by AMFI Data is as of November 30, 2014 unless otherwise s


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HDFC Balanced Fund An open-ended balanced scheme

Company / Issuer Industry+ / Rating % to NAV

EQUIT Y & EQUIT Y RELATEDState Bank of India Banks 4.06HDFC Bank Ltd. Banks 3.1Infosys Ltd. Software 2.94Axis Bank Ltd. Banks 2.74ICICI Bank Ltd. Banks 2.6Aurobindo Pharma Ltd. Pharmaceuticals 2.5Reliance Industries Ltd. Petroleum Products 2.Bank of Baroda Banks 2.29Larsen & Toubro Ltd. Construction Project 2Torrent Pharmaceuticals Ltd. Pharmaceuticals 1

Total of Top Ten Holdings 26.90Total Equity & Equity Related Holdings 70.64G-SEC, CREDIT EXPOSUREGovernment Securities Sovereign 18.6Tata Sons Ltd. CRISIL - AAA 2Shriram Transport Finance Co. Ltd. CARE - AA+Power Finance Corporation Ltd. CRISIL - AAACholamandalam Investment and Finance Co. Ltd. ICRA - AASesa Sterlite Ltd. CRISIL - AA+ 0.Hindalco Industries Ltd. CRISIL - AA 0LIC Housing Finance Ltd. CRISIL - AAAHousing Development Finance Corporation Ltd. $ CRISIL - AAAState Bank of India CRISIL - AAA 0Total G-Sec, Credit Exposure 25.96Cash, Cash Equivalents and Net Current Assets 3

Grand Total 100.00



Banks 20.11Software 9.68

Pharmaceuticals 7.90Industrial Produc

Documents

Hdfcmf Factsheet November 2014