IDFC Factsheet July 2018 - idfcmf.com · Inflation: June’18 CPI surprised with the headline number coming in softer at 5%. Core inflation was at a Core inflation was at a 4 years

FACTSHEETJuly 2018

2

Index

Commentary - Equity Outlook 1

Commentary - Debt Outlook 4

IDFC Core Equity Fund 5

IDFC Sterling Value Fund 6

IDFC Multi Cap Fund 7

IDFC Focused Equity Fund 8

IDFC Large Cap Fund 9

IDFC Nifty Fund 10

IDFC Infrastructure Fund 11

IDFC Tax Advantage (ELSS) Fund 12

IDFC Arbitrage Fund 13

IDFC Equity Savings Fund 14

IDFC Sensex ETF 15

IDFC Nifty ETF 16

IDFC Dynamic Equity Fund 17

IDFC Hybrid Equity Fund 18

IDFC Regular Savings Fund 19

IDFC Asset Allocation Fund of Funds 20

IDFC All Seasons Bond Fund 21

IDFC Cash Fund 22

IDFC Ultra Short Term Fund 23

IDFC Low Duration Fund 24

IDFC Money Manager Fund 25

IDFC Banking & PSU Debt Fund 26

IDFC Corporate Bond Fund 27

IDFC Credit Risk Fund 28

IDFC Bond Fund – Short Term Plan 29

IDFC Bond Fund – Medium Term Plan 30

IDFC Bond Fund – Income Plan 31

IDFC Dynamic Bond Fund 32

IDFC Government Securities Fund – Constant Maturity Plan 33

IDFC Government Securities Fund – Investment Plan 34

Performance Table 35

SIP Performance 38

Dividend History 40

Fund Manager Details 42

Investment Objective 42

1

WHAT WENT BY

US Dollar takes a breather: After a strong rally seen in the last 6 months (+6.1%), the Dollar Index was flat over the previous month. Most developed market currencies were steady against the Dollar though many Emerging Market currencies saw a recovery, as FII outflows from Ems abated. The INR is down 6.8% against the Dollar on a YTD basis, though the INR depreciation appears high, it is much lower as compared to other EM currencies: Brazil -11.9%, Russia - 7.8%, South Africa -6.8% and even China -4.5%. This compares favorably with taper tantrums of May-September’13, when India was bandied amongst “fragile five” and was amongst the worst performing EM currencies.

Oil, too, takes a breather, India gets a much needed sigh of relief: WTI and Brent fell 7.3% MoM and 6.5% respectively, a relief for oil importers like India after the strong rally seen in the last 1 year. Despite the correction, Brent and WTI are both up 40% on a YoY basis. Most of the base metals saw a correction in the month with Zinc falling 8% followed by Copper (-4.9%). On a 1-year basis, Steel (+11.9%) and Aluminum (+7.1%) are up on a YoY basis whereas Zinc and Copper are below last year levels. The negative correlation between commodities and the Dollar seems to be finally playing out.

Equity Markets rebound, while Developed Markets continue to surge: The MSCI Developed Markets Index rose 3.1% whereas the Emerging Market Index was up 1.7%. India was up 6.2% MoM, in the middle of the pack as compared with other Emerging Markets. On a 1 year, basis India (+8.4%) lags the MSCI DM Index (+9.8%) but is significantly ahead of the Emerging Markets Index (+2.0%). Within emerging markets, China was the significant underperformer, bringing down the EM Index due to its outsized weight.

Yields continue to rise: The 10-Year US yield rose10 bps to close at 2.96% after crossing 3% mid-month. The US 2 Year yield, which is an indicator market expectation of rate hikes, has more than doubled in the last year from 1.26% in Sep-17 to around 2.67% currently. With greater expectations building of three or even four rate hikes, pressure on yields to sustain at current level or even move up marginally. Rising interest rates could impact equity valuations negatively going forward.

Domestic Markets: Domestic markets continue to move up, pulled up solely by the Mega Caps. For the month, NIFTY, NSE Mid Cap and NSE Small Cap rose 6.0%, 3.8% and 4.0% respectively. YTD the 3 indices have given returns of +7.8%, -10.7% and -17.9% respectively. Even within the NIFTY Index, returns have been skewed towards the top-15 stocks. On average, YTD, the top 15, 16-30 and 31-50 stocks of the NIFTY Index have given returns of 16.0%, 3.7% and -11.9% respectively. Though markets look expensive on a headline PE basis (NIFTY trailing PE of 23.5x), there have been a broad based correction across stocks beyond the top-15.

On a sectoral front, the PSU bank Index was the top performer (+14.1% MoM) driven by lesser than expected provisioning in PSU banks that have reported numbers. Energy (+13.6% MoM) and FMCG (+7.1% MoM) were the other outperformers in the month. On a YTD basis, IT (+4.6%), FMCG (+2.4%) and Private Banks (+2.0%) have been the outperformers whereas Telecom (-6.6%), Industrials (-3%), PSU Banks (-2.9%) and Infra (-2.8%) have been the underperformers.

Economic activity: May’18 IIP was subdued at 3.2% vs 4.8% in Apr. Weakness was seen in manufacturing output (2.8% vs 5.2% last month), with contraction in consumer non-durables (-2.6%) & lower growth in electricity generation. In terms of industries, 13 out of 23 groups in manufacturing showed positive growth in May. While the IIP numbers were mixed, High Frequency indicators tracked by several sell-side brokerage firms continued to report a robust level of economic activity.

Inflation: June’18 CPI surprised with the headline number coming in softer at 5%. Core inflation was at a 4 years high of 6.45% from 6.2% previously. WPI also hit a new high of 5.77%, accelerating from 4.43% in May.

Monsoon: IMD reported that ~74% of country has received normal rainfall, however deficiency stands at 4%. South, West and Central India have been witnessing good rains, but East & North have witnessed deficient rainfall.

Policy: RBI policy meet was due on 1 Aug, in which the Governor announced a second back-to-back hike in repo rates by 25 bps, taking it to 6.5%. Given the rate hike was accompanied by the Central bank’s inflation forecast for 2H FY 19 of 4.8%, the decision to hike interest rates appears to be largely driven by deteriorating global scenario and the sustained threat from crude oil prices.

Trade Deficit: June trade deficit widened the most in 5 years to US$ 16.6bn (with 60% of the jump coming from oil), import growth was at 21% despite strong export growth of 17.6%. Oil imports were the highest since Sep 2014 at US$ 12.7bn offsetting any benefit from US$ 1bn lower gold imports. Trade data is indicating strong domestic growth momentum with cap goods imports standing at 21.7% in June.

Monsoon Session: Parliament monsoon session began on 18 Jul and will end on 10 Aug. TDP initiated a no-confidence motion against the BJP government with support from opposition parties, however the motion failed to bear fruit with 325 MPs backing PM Modi while BJD and Shiv Sena abstained.

Commentary - Equity OutlookMr. Anoop Bhaskar Head - Equity

2

MSP Announcement: In line with previous election year trends, Govt raised MSP (almost 4x of last 4 yrs) translating into a 13% increase in rice and ~20% rise in Kharif production-weighted average MSP for all 13 crops.

GST Relook: The 4th round of GST rationalisation saw the GST council reducing tax rates on 88 items with prices being effective from 27 July onwards. GST on a variety of consumer goods like paints, refrigerators, washing machines, vacuum cleaners, water heaters etc was reduced from 28% to 18%. GST on footwear costing between Rs 500 - Rs 1000 per pair was reduced to 5%. The broad GST cuts should be positive for demand across consumption oriented sectors. The next meeting will be held on 4 Aug with focus on MSME sector.

Capital Flows: FII turned net buyers in July with inflows of $160mn as against YTD total of $462mn outflows. DIIs continue to remain buyers with $613mn inflows led primarily by mutual funds, taking the YTD total to ~$10.1bn. Mutual Funds were net buyers of $803mn in July while Insurers remained sellers with net outflows of $190mn.

Q1 FY 19 earnings season begins on a strong note: 96 of the BSE 200 companies have reported till date and results across the board are encouraging, with healthy beat to estimates across sectors. Headline BSE200 PAT has grown 4.5%, but optically marred by corporate banks, one-off in Tata Motors and losses in Telecom on account of competitive intensity.

Digging deeper into the numbers, ex Financials, Sales and EBITDA have grown at a healthy 18% and 15% respectively. PAT, ex Financials, was up 7.2% due to one-offs in Tata Motors and Idea, excluding which PAT is also up a healthy 15% YoY. Charts attached reflect a healthy recovery in Sales and EBITDA Growth, ex Financials.

Source: Bloomberg

Stable sectors continue to report healthy numbers with 10%, 17% and 18% respectively Sales, EBITDA and PAT growth, ex Financials for the stable segment (Retail Banks & NBFCs, Auto, Consumer, IT and Pharma). Including Retail banks, PAT growth for the stable segment stands at 19% YoY.

Source: Bloomberg

3

Cyclical segment on the other hand, has seen an uptick in Sales & EBITDA, though PAT growth is volatile and marred by corporate bank provisioning, increasing losses in Telecom and one offs in Tata Motors. Ex Financials, Cyclical segment Sales, EBITDA and PAT grew 23%, 14% and -5% respectively. Adjusted for one-offs (Tata Motors & Idea) PAT growth was around 15%.

Source: Bloomberg

On a sectoral basis, Healthcare (+96% YoY), Commodities (+40% YoY) and Consumer Discretionary (+49% YoY) led the PAT growth for the quarter whereas Telecom (losses) & Corporate Banks (-66% YoY) were the key negative contributors.

In the past couple of quarters, earnings have started on a bright note, only to fall short of expectations towards the end. The low base effect, on account of GST implementation from July 1 ‘17 should help boost profitability during the current and next quarter.

Currency & Commodities Last Price % Change YTD % Change MTD

USD / INR 68.548 7.32% 0.11%

Dollar Index 94.55 2.64% 0.09%

Gold 1,224.09 -6.06% -2.32%

Crude OIL

WTI (Nymex) 68.76 13.80% -7.27%

Brent Crude 74.25 11.04% -6.53%

India Macro Analysis Latest Equity Flows USD Mn

GDP 7.70 FII (USD mln)

IIP 3.20 YTD -413.72

Inflation (WPI Monthly) 5.77 MTD 207.92

Inflation (CPI Monthly) 5.00 *DII (USD mln)

Commodity (CRB Index) 433.13 YTD 10,979.71

MTD 581.84*DII : Domestic Mutual Funds

Data as on 31st July 2018

Equity Markets Index % Change YTD % Change MTD P/E

Nifty 11,356.50 7.84% 5.99% 19.56

Sensex 37,606.58 10.42% 6.16% 20.03

Dow Jones 25,415.19 2.82% 4.71% 16.46

Shanghai 2,876.40 -13.03% 1.02% 10.97

Nikkei 22,553.72 -0.93% 1.12% 16.23

Hang Sang 28,583.01 -4.47% -1.29% 11.47

FTSE 7,748.76 0.79% 1.46% 13.82

MSCI E.M. (USD) 1,087.46 -6.13% 1.68% 12.13

MSCI D.M.(USD) 2,153.10 2.36% 3.05% 16.40

MSCI India (INR) 1,325.06 4.74% 6.34% 19.56

Source: Bloomberg, SEBI

4

WHAT WENT BY

Bonds rallied in July with the 10-year G-sec rallying to end at 7.77% compared to 7.90% as on end of June. Market sentiment turned

positive as commodity prices pulled back amidst global growth concerns due to escalation of tariff wars between US and China.

Prices were further supported by announcement of RBI OMO (open market operation) buyback during mid July strengthening market

participants’ belief that RBI will be regularly conducting bond buybacks throughout the year to keep liquidity neutral.

The government followed through on its budgetary promise and hiked minimum support price (MSP) for kharif (summer) crops to

at least 1.5 times the production cost (A2+FL) in order to boost farm incomes. Support prices for paddy – the most important crop

of the season and with the highest weight in the CPI basket – was increased by 12.9%, the highest increase in 6 years. Other crops

saw even larger increases, with coarse-cereals prices being hiked 39%, pulses being hiked 9%, and cotton being hiked 28%. Although

incrementally positive, actual effect on inflation will depend on the procurement method. The inflationary effect will be larger in case

the Govt goes for procurement method compared to price differential (difference between market price & actual price).

Headline CPI accelerated to 5% YoY in June compared to market expectations of 5.3% mainly on account of lower food inflation,

attributable to vegetable prices. Core-Core inflation (excluding food/fuel/petrol/diesel) inched up slightly from 6.04% in May to 6.18%

in June.

India’s monthly trade deficit surged to a 61-month high of $16.6 bn in June from $14.6 bn in May and $13.7 bn in April. Net oil imports

jumped $2.4 billion sequentially as both gross oil imports increased commensurate to global crude prices, and oil exports mean-

reverted after their one-off surge in May. Non-oil-non-gold import momentum continued to be maintained rising by 12.5% in June.

On the global front, Chinese economy remained steady, with Q2 GDP up 6.7% YoY, only marginally slower than 6.8% in Q1. RMB

continued to depreciate, weakening by 2.7% buffering some of the impact of tariffs but putting pressure on other EM currencies

including INR (-2.2%).

The RBI raised policy rates by 25 bps to 6.5%, with the Monetary Policy Committee (MPC) members voting 5-1 in favour of the hike.

Importantly, the MPC retained its ‘neutral’ stance. 1. The MPC now forecasts CPI ex-HRA at 4.4% in Q2, 4.7-4.8% (from 4.7%) in H2 and

5% in Q1 FY2020. It noted that the recent MSP hikes will have first and second round impact on CPI but that there is considerable

uncertainty currently on its nature and scale. It also flagged other risks such as spatial distribution of monsoon rainfall (particularly

its impact on paddy prices), crude oil prices, recent strengthening in core inflation (reflecting higher input costs and demand), rise

in household inflation expectations, fiscal slippage, state government HRA revisions and volatile financial markets, which could be

partially offset by GST rate cuts if passed through.

Outlook

Our view has been of an up-fronted but shallow rate hike cycle. This has been basis an expectation that the moving up of average

Consumer Price Index (CPI) in a context of higher global financial volatility merits a proactive response for a CPI targeting central

bank. However, we also expect sequential growth momentum to start slowing over second half of the year. This is largely the reason

for expecting a shallower rate cycle. Barring a fresh escalation in commodity prices, a successive rate hike in October is not expected

(Deputy Governor Acharya explicitly referred to the lags in monetary policy transmission). Also, most of the CPI divergence between

market and RBI forecasts pertain to Q4 of the financial year. Should RBI’s estimates prove correct and the underlying context is a

slowing growth momentum, then the last rate hike we are currently looking for may not be needed at all. However, if the truth is closer

to what many in the market think today, then we would expect it to be delivered in Q4.

Irrespective, the portfolio strategy is largely the same for now. We remain overweight bonds upto 5 year for the most part with clear

preference for quality (Sovereign / AAA). There may be a case for further elongating duration over the latter part of the financial year

once the view on both OMOs and CPI trajectory is somewhat clearer. Lower rated assets will suffer spread widening as refinancing

pressures rise in an uncertain financing environment.

Commentary - Debt OutlookMr. Suyash Choudhary

Head - Fixed Income

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IDFC Core Equity Fund(previously known as IDFC Classic Equity Fund) Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

Size

Large Cap

Mid Cap

Small Cap

Style Growth Blend Value

About the Fund: IDFC Core Equity Fund is a diversified equity fund with a large and mid cap bias currently. The focus of the fund is to build a portfolio of Quality companies while being cognizant of the relative valuation.

Category: Large & Mid Cap

Monthly Avg AUM: ` 2,819.67 Crores

Month end AUM: ` 2,933.36 Crores

Inception Date: 9 August 2005

Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016)

Other Parameter: Beta 1.01

R Square 0.93

Standard Deviation (Annualized) 14.66%

Sharpe* 0.41

Portfolio Turnover Equity 0.42

Aggregate^ 0.84

Expense Ratio Regular 2.18%

Direct 0.93%

Benchmark: S&P BSE 200

SIP (Minimum Amount): ` 1,000/-

SIP Frequency: Monthly

SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount : ` 5,000/- and any amount thereafter

Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

Exit Load: 1% if redeemed within 365 days from the date of allotment. (w.e.f. 10th May 2016)

Top 10 Equity Holdings

Banks 18.19%Finance 11.25%Auto Ancillaries 8.15%Consumer Non Durables 7.83%Software 6.99%Pharmaceuticals 6.20%Petroleum Products 5.53%Industrial Products 4.43%Construction Project 3.90%Cement 3.76%Auto 3.52%Retailing 3.25%

Performance TableScheme Name CAGR Returns (%) Current Value of Investment of ` 10,000

1 Year 3 Years 5 YearsSince Inception Aug 09, 2005

1 Year 3 Years 5 YearsSince InceptionAug 09, 2005

IDFC Core Equity Fund 7.35% 12.27% 17.15% 12.51% 10,735 14,157 22,075 46,180

S&P BSE 200# 12.51% 12.15% 18.05% 14.41% 11,251 14,112 22,939 57,433

Nifty 50## 14.20% 11.42% 16.03% 14.44% 11,420 13,834 21,038 57,594

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns.Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 200 price return index (Benchmark)With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Core Equity Fund - Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 YearsSince

InceptionAug 09, 2005

Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 15,60,000 Total Value as on July 31, 2018 (`) 1,23,922 4,54,970 8,77,809 14,42,892 24,10,597 35,15,423 Fund Returns (%) 6.14 15.83 15.22 15.19 13.37 11.75Total Value of S&P BSE 200# 1,29,696 4,66,153 8,90,362 14,71,574 25,62,003 38,91,275 S&P BSE 200 (%)# 15.37 17.55 15.80 15.74 14.51 13.16Total Value of Nifty 50## 1,32,451 4,68,248 8,67,864 14,12,576 24,27,348 37,11,150 Nifty 50 (%)## 19.86 17.87 14.76 14.59 13.50 12.50Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st July 2018.

Riskometer

Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*:

To create wealth over long term.•Investment predominantly in equity and equity •related instruments in large and mid-cap companies.

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

Ferrous Metals 3.07%Power 2.43%Industrial Capital Goods 2.31%Gas 1.94%Hotels, Resorts And Other Recreational Activities 1.48%Chemicals 1.46%Non - Ferrous Metals 0.99%Consumer Durables 0.79%Fertilisers 0.69%Transportation 0.53%Media & Entertainment 0.01%

NAV (`)

Regular Plan Growth 46.18Regular Plan Dividend 16.06

PORTFOLIO

Name % of NAV

Equity and Equity related Instruments 98.70%Banks 18.19%HDFC Bank 6.67%ICICI Bank 2.66%Kotak Mahindra Bank 2.26%RBL Bank 2.02%State Bank of India 1.64%The Federal Bank 0.85%Axis Bank 0.75%Bank of Baroda 0.74%IndusInd Bank 0.61%Finance 11.25%Bharat Financial Inclusion 2.53%Bharat Financial Inclusion - Equity Futures 0.25%HDFC 2.18%M&M Financial Services 1.58%Sundaram Finance 1.28%Shriram City Union Finance 1.13%TI Financial Holdings 0.92%ICICI Securities 0.92%Max Financial Services 0.45%Auto Ancillaries 8.15%Apollo Tyres 2.04%MRF 2.03%Exide Industries 1.02%Balkrishna Industries 0.97%Minda Industries 0.71%CEAT 0.63%Asahi India Glass 0.41%Exide Industries - Equity Futures 0.20%Apollo Tyres - Equity Futures 0.13%Consumer Non Durables 7.83%ITC 3.08%GlaxoSmithKline Consumer Healthcare 1.17%Colgate Palmolive (India) 1.08%Nestle India 1.06%Dabur India 0.84%ITC - Equity Futures 0.61%Software 6.99%Infosys 4.23%HCL Technologies 1.19%KPIT Technologies 0.92%Mastek 0.65%Pharmaceuticals 6.20%Sun Pharmaceutical Industries 1.35%Cadila Healthcare 1.32%Dr. Reddy's Laboratories 1.19%Indoco Remedies 1.07%Natco Pharma 0.87%Biocon 0.40%Petroleum Products 5.53%Reliance Industries 3.29%Indian Oil Corporation 0.86%Bharat Petroleum Corporation 0.85%Hindustan Petroleum Corporation 0.53%Industrial Products 4.43%AIA Engineering 1.14%

Name % of NAV

Supreme Industries 1.02%Mahindra CIE Automotive 0.97%Bharat Forge 0.67%Graphite India 0.63%Construction Project 3.90%Larsen & Toubro 2.56%Voltas 0.88%NCC 0.46%Cement 3.76%Ambuja Cements 1.34%ACC 1.03%The Ramco Cements 1.02%Deccan Cements 0.36%Auto 3.52%Mahindra & Mahindra 2.18%Hero MotoCorp 0.74%Bajaj Auto 0.60%Retailing 3.25%Future Retail 1.64%Future Lifestyle Fashions 1.12%Aditya Birla Fashion and Retail 0.50%Ferrous Metals 3.07%Jindal Steel & Power 1.75%JSW Steel 0.92%Steel Authority of India 0.39%Tata Steel 0.01%Power 2.43%Nava Bharat Ventures 0.91%Torrent Power 0.82%Kalpataru Power Transmission 0.70%Industrial Capital Goods 2.31%Thermax 0.93%Bharat Electronics 0.90%CG Power and Industrial Solutions 0.48%Gas 1.94%GAIL (India) 1.06%GAIL (India) - Equity Futures 0.88%Hotels, Resorts And Other Recreational Activities 1.48%

The Indian Hotels Company 1.48%Chemicals 1.46%Tata Chemicals 0.92%Deepak Nitrite 0.54%Non - Ferrous Metals 0.99%National Aluminium Company 0.99%Consumer Durables 0.79%Crompton Greaves Consumer Electricals 0.79%Fertilisers 0.69%Coromandel International 0.69%Transportation 0.53%Container Corporation of India 0.53%Preference Shares 0.01%Media & Entertainment 0.01%Zee Entertainment Enterprises 0.01%Net Cash and Cash Equivalent 1.29%Grand Total 100.00%

6

IDFC Sterling Value Fund(previously known as IDFC Sterling Equity Fund)An open ended equity scheme following a value investment strategy31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

Size

Large Cap

Mid Cap

Small Cap


About the Fund: IDFC Sterling Value Fund is a value fund that focuses on active stock selection strategy.

Category: Value



Inception Date: 7 March 2008

Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Daylynn Pinto (w.e.f. 20th October 2016)

Other Parameter:

Beta 1.10

R Square 0.81


Sharpe* 0.41

Portfolio Turnover

Equity 0.19 Aggregate^ 0.25

Expense Ratio

Regular 2.29%

Direct 1.23%

Benchmark: S&P BSE 500 (w.e.f. 28th May 2018)



SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount : ` 5,000/- and any amount thereafter

Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment. (w.e.f. 7th September, 2015)


Auto Ancillaries 11.79%Finance 11.48%Banks 9.86%Retailing 7.43%Construction Project 5.30%Cement 5.01%Industrial Products 4.64%Software 3.29%Industrial Capital Goods 3.29%Pharmaceuticals 3.28%Hotels, Resorts And Other Recreational Activities 3.17%Ferrous Metals 3.14%

Performance Table

Scheme Name CAGR Returns (%) Current Value of Investment of ` 10,000

1 Year 3 Years 5 YearsSince InceptionMar 07, 2008


IDFC Sterling Value Fund$ 7.62% 13.38% 23.74% 17.73% 10,762 14,580 29,033 54,660

S&P BSE 500# 7.98% 14.27% 24.99% 12.80% 10,798 14,926 30,519 35,014

Nifty 50## 14.20% 11.42% 16.03% 10.01% 11,420 13,834 21,038 26,989

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.$The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018. Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of Nifty Mid Cap 100 total return index (Benchmark)

Riskometer



To create wealth over long term.•

Investment predominantly in equity and equity •related instruments following a value investment strategy.


Transportation 3.12%Power 3.03%Consumer Durables 2.57%Textile Products 2.13%Consumer Non Durables 2.09%Media & Entertainment 1.83%Gas 1.65%Textiles - Cotton 1.37%Chemicals 1.31%Petroleum Products 0.94%Non - Ferrous Metals 0.81%Miscellaneous 0.38%

NAV (`)


PORTFOLIO

Name % of NAV

Equity and Equity related Instruments 92.91%Auto Ancillaries 11.79%Minda Industries 2.15%MRF 2.12%Apollo Tyres 2.09%Exide Industries 1.75%Asahi India Glass 1.07%Igarashi Motors India 0.80%Tube Investments of India 0.73%WABCO India 0.61%Sterling Tools 0.48%Finance 11.48%Bajaj Finance 3.01%Magma Fincorp 1.92%M&M Financial Services 1.52%Mas Financial Services 1.23%ICICI Lombard General Insurance Company 1.23%BSE 1.06%Max Financial Services 0.77%ICICI Securities 0.75%Banks 9.86%RBL Bank 3.20%IndusInd Bank 2.62%The Karnataka Bank 1.33%Bank of Baroda 1.18%Union Bank of India 0.94%The Federal Bank 0.58%Retailing 7.43%Future Retail 4.00%V-Mart Retail 1.35%Future Lifestyle Fashions 1.14%Aditya Birla Fashion and Retail 0.93%Construction Project 5.30%KEC International 1.98%Voltas 1.74%NCC 1.58%Cement 5.01%The Ramco Cements 2.31%JK Cement 1.08%ACC 1.01%Sagar Cements 0.61%Industrial Products 4.64%Graphite India 1.30%Bharat Forge 0.97%Mahindra CIE Automotive 0.85%Schaeffler India 0.79%KEI Industries 0.74%Software 3.29%Cyient 1.43%KPIT Technologies 1.17%Persistent Systems 0.69%Industrial Capital Goods 3.29%Bharat Electronics 1.09%CG Power and Industrial Solutions 0.86%Lakshmi Machine Works 0.63%

Name % of NAV

Skipper 0.42%TD Power Systems 0.28%Pharmaceuticals 3.28%Aurobindo Pharma 1.07%Natco Pharma 0.90%Dishman Carbogen Amcis 0.81%Hikal 0.51%Hotels, Resorts And Other Recreational Activities 3.17%The Indian Hotels Company 1.70%EIH 0.89%Wonderla Holidays 0.57%Ferrous Metals 3.14%Jindal Steel & Power 1.35%Maharashtra Seamless 1.03%Steel Authority of India 0.76%Transportation 3.12%VRL Logistics 2.03%Future Supply Chain Solutions 1.09%Power 3.03%Nava Bharat Ventures 1.11%CESC 0.99%Kalpataru Power Transmission 0.92%Consumer Durables 2.57%Crompton Greaves Consumer Electricals 1.19%Greenply Industries 0.88%Butterfly Gandhimathi Appliances 0.50%Textile Products 2.13%Dollar Industries 0.81%K.P.R. Mill 0.74%Raymond 0.58%Consumer Non Durables 2.09%Procter & Gamble Hygiene and Health Care 0.85%HBL Power Systems 0.68%Emami 0.56%Media & Entertainment 1.83%PVR 0.94%Entertainment Network (India) 0.71%Zee Entertainment Enterprises 0.17%Gas 1.65%Petronet LNG 1.13%Gujarat Gas 0.52%Textiles - Cotton 1.37%Vardhman Textiles 0.80%Nitin Spinners 0.58%Chemicals 1.31%Deepak Nitrite 1.31%Petroleum Products 0.94%Hindustan Petroleum Corporation 0.94%Non - Ferrous Metals 0.81%National Aluminium Company 0.81%Miscellaneous 0.38%Kirloskar Ferrous Industries 0.38%Net Cash and Cash Equivalent 7.09%Grand Total 100.00%

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Sterling Value Fund - Regular Plan - Growth


InceptionMar 07, 2008

Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 12,50,000

Total Value as on July 31, 2018 (`) 1,19,600 4,69,137 9,58,755 16,56,647 32,53,704 35,40,196

Fund Returns (%) -0.62 18.00 18.83 19.07 18.96 18.91

Total Value of S&P BSE 500# 1,28,042 4,64,082 8,92,817 14,76,590 25,69,764 27,14,603

S&P BSE 500(%)$ 12.70 17.23 15.91 15.84 14.57 14.20

Total Value of Nifty 50## 1,32,451 4,68,248 8,67,864 14,12,576 24,27,192 25,65,744

Nifty 50 (%)## 19.86 17.87 14.76 14.59 13.51 13.20Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st July 2018.

7

IDFC Multi Cap Fund(previously known as IDFC Premier Equity Fund)Multi Cap Fund- An open ended equity scheme investing across large cap, mid cap and small cap stocks 31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

Size

Large Cap

Mid Cap

Small Cap


About the Fund: IDFC Multi Cap Fund is a multi-cap Equity Fund. It is a fund that encourages systematic investing.

Category: Multicap



Inception Date: 28 September 2005

Fund Manager: Mr. Anoop Bhaskar (w.e.f. 30th April 2016) & Mr. Kartik Mehta (w.e.f. 2nd April 2018)

Other Parameter:

Beta 0.90

R Square 0.84


Sharpe* 0.13

Portfolio Turnover


Expense Ratio

Regular 2.12%

Direct 1.40%


SIP (Minimum Amount): ` 1,000/- (w.e.f. 2nd May 2018)


SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount: ` 10,000/- and any amount thereafter

(Units of IDFC Multi Cap Fund, shall be available for lump sum subscription w.e.f. May 07, 2018)


Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September, 2009)


Finance 14.91%Banks 9.56%Consumer Non Durables 7.39%Industrial Products 6.36%Transportation 5.53%Auto Ancillaries 5.11%Chemicals 4.98%Pharmaceuticals 4.68%Consumer Durables 4.34%Commercial Services 4.04%Construction Project 3.94%

Performance Table


1 Year 3 Years 5 YearsSince Inception Sep 28, 2005

1 Year 3 Years 5 YearsSince InceptionSep 28, 2005

IDFC Multi Cap Fund 8.69% 8.01% 21.91% 19.28% 10,869 12,604 26,940 96,320

S&P BSE 500# 11.48% 12.27% 18.53% 13.51% 11,148 14,154 23,403 50,927

Nifty 50## 14.20% 11.42% 16.03% 13.55% 11,420 13,834 21,038 51,180

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 500 price return index (Benchmark)With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Multi Cap Fund -Regular Plan - Growth


InceptionSep 28, 2005



Fund Returns (%) 6.13 12.29 15.32 17.23 18.30 18.35


S&P BSE 500 (%)# 12.70 17.23 15.91 15.84 14.57 13.07



Riskometer




Investment predominantly in equity and •equity related instruments across market capitalisation.


Cement 3.67%Retailing 3.50%Textile Products 2.87%IT Consulting & Other Services 2.41%Auto 2.27%Industrial Capital Goods 2.24%Media & Entertainment 2.06%Software 2.04%Construction 1.49%Textiles - Cotton 1.37%Engineering Services 1.36%Ferrous Metals 1.07%

NAV (`)


PORTFOLIO

Name % of NAV

Equity and Equity related Instruments 97.17%Finance 14.91%JM Financial 2.57%Bharat Financial Inclusion 2.50%ICICI Prudential Life Insurance Company 1.81%HDFC Standard Life Insurance Company 1.58%Bajaj Finance 1.57%Multi Commodity Exchange of India 1.35%TI Financial Holdings 1.11%Max Financial Services 0.91%ICICI Securities 0.76%Mas Financial Services 0.51%SBI Life Insurance Company 0.24%Banks 9.56%Kotak Mahindra Bank 3.33%HDFC Bank 3.26%RBL Bank 1.61%City Union Bank 1.36%Consumer Non Durables 7.39%Asian Paints 3.39%Britannia Industries 1.99%Procter & Gamble Hygiene and Health Care 1.66%S H Kelkar and Company 0.36%Industrial Products 6.36%Schaeffler India 2.87%Greaves Cotton 1.74%Supreme Industries 0.82%Kirloskar Pneumatic Company 0.54%Cummins India 0.40%Transportation 5.53%Container Corporation of India 3.40%Transport Corporation of India 0.86%TCI Express 0.64%Blue Dart Express 0.63%Auto Ancillaries 5.11%MRF 1.97%Minda Industries 1.52%Apollo Tyres 1.45%Precision Camshafts 0.17%Chemicals 4.98%Tata Chemicals 2.28%Pidilite Industries 1.40%Atul 0.70%Fine Organic Industries 0.60%Pharmaceuticals 4.68%Sun Pharmaceutical Industries 2.04%Aurobindo Pharma 1.48%Natco Pharma 0.96%Suven Life Sciences 0.20%

Name % of NAV

Consumer Durables 4.34%Bata India 2.83%Khadim India 0.80%Greenlam Industries 0.72%Commercial Services 4.04%3M India 4.04%Construction Project 3.94%Voltas 3.34%Power Mech Projects 0.60%Cement 3.67%Ambuja Cements 2.82%UltraTech Cement 0.55%UltraTech Cement - Equity Futures 0.29%Retailing 3.50%Future Retail 1.51%Avenue Supermarts 1.11%Future Lifestyle Fashions 0.88%Textile Products 2.87%Page Industries 2.87%IT Consulting & Other Services 2.41%Cognizant Technology Solutions Corp - International Equities 2.41%

Auto 2.27%Maruti Suzuki India 1.93%Hero MotoCorp 0.34%Industrial Capital Goods 2.24%Bharat Electronics 0.84%Disa India 0.81%ABB India 0.42%Kennametal India 0.17%Media & Entertainment 2.06%Entertainment Network (India) 1.26%TV18 Broadcast 0.80%Software 2.04%Infosys 1.26%Tata Consultancy Services 0.79%Construction 1.49%ITD Cementation India 0.91%Poddar Housing and Development 0.58%Textiles - Cotton 1.37%Vardhman Textiles 0.81%RSWM 0.56%Engineering Services 1.36%VA Tech Wabag 1.36%Ferrous Metals 1.07%APL Apollo Tubes 1.07%Net Cash and Cash Equivalent 2.83%Grand Total 100.00%

8

IDFC Focused Equity Fund (The Fund was earlier known as IDFC Imperial Equity Fund)$$ An open ended equity scheme investing in maximum 30 stocks with multi cap focus31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

Size

Large Cap

Mid Cap

Small Cap


About the Fund: IDFC Focused Equity Fund is a concentrated portfolio of up to 30 stocks with the flexibility to invest across sectors and across market cap.

Category: Focused




Fund Manager: Mr. Sumit Agrawal (w.e.f. 20th October 2016)

Other Parameter:

Beta 0.86

R Square 0.76


Sharpe* 0.48

Portfolio Turnover

Equity 0.67

Aggregate^ 1.74

Expense Ratio

Regular 2.30%

Direct 0.99%

Benchmark: Nifty 50

SIP (Minimum Amount)$: ` 1,000/-


SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43

Minimum Investment Amount$: ` 5,000/- and any amount thereafter


Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009)$Subscription in IDFC Focused Equity Fund has been restricted to Rs. 2 lakhs per transaction with effect from 4th December 2017


Finance 22.25%

Consumer Non Durables 14.04%

Banks 9.64%

Auto Ancillaries 7.81%

Auto 5.92%

Consumer Durables 5.72%

Media & Entertainment 5.13%

Industrial Products 3.73%

Commercial Services 3.72%

Performance Table




IDFC Focused Equity Fund 9.29% 12.82% 16.48% 11.82% 10,929 14,365 21,452 39,910

Nifty 50# 14.20% 11.42% 16.03% 12.08% 11,420 13,834 21,038 41,036

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. $$ The strategy of the Fund has been changed from large cap to focused fund w.e.f. April 18, 2017$Subscription in IDFC Focused Equity Fund has been restricted to Rs. 2 lakhs per transaction with effect from 4th December 2017.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Focused Equity Fund - Regular Plan - Growth





Fund Returns (%) 5.06 19.12 15.61 14.50 12.72 11.87

Total Value of Nifty 50# 1,32,451 4,68,248 8,67,864 14,12,576 24,27,348 33,50,815

Nifty 50 (%)# 19.86 17.87 14.76 14.59 13.50 12.31

Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Data as on 31st July 2018.

Riskometer




Investment in a concentrated portfolio of equity •and equity related instruments of up to 30 companies.


Petroleum Products 2.73%

Pharmaceuticals 2.67%

Chemicals 2.61%

Software 2.55%

Construction 2.31%

Gas 2.27%

Cement 1.64%

Textile Products 1.46%

Industrial Capital Goods 1.45%

Power 1.27%

NAV (`)


PORTFOLIO

Name % of NAV

Equity and Equity related Instruments 98.94%

Finance 22.25%Bajaj Finance 6.59%Bharat Financial Inclusion 5.30%

BSE 3.27%

Magma Fincorp 3.03%

Central Depository Services (India) 2.04%

ICICI Securities 2.03%

Consumer Non Durables 14.04%Jubilant Foodworks 4.53%GlaxoSmithKline Consumer Healthcare 4.03%

ITC 1.84%

ITC - Equity Futures 3.63%

Banks 9.64%Kotak Mahindra Bank 4.88%RBL Bank 4.76%

Auto Ancillaries 7.81%MRF 4.78%

Minda Industries 3.03%

Auto 5.92%Maruti Suzuki India 5.92%

Consumer Durables 5.72%Titan Company 5.72%

Media & Entertainment 5.13%Zee Entertainment Enterprises 5.13%

Name % of NAV


Astral Poly Technik 3.73%


Security and Intelligence Services (India) 3.72%


Reliance Industries 2.73%


Dishman Carbogen Amcis 2.67%

Chemicals 2.61%

Fine Organic Industries 2.61%

Software 2.55%

Majesco 2.55%

Construction 2.31%

Kajaria Ceramics 2.31%

Gas 2.27%

Petronet LNG 2.27%

Cement 1.64%

Sagar Cements 1.64%


Dollar Industries 1.46%


Skipper 1.45%

Power 1.27%

Nava Bharat Ventures 1.27%

Net Cash and Cash Equivalent 1.06%

Grand Total 100.00%

9

IDFC Large Cap Fund(previously known as IDFC Equity Fund)

Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

Size

Large Cap

Mid Cap

Small Cap


About the Fund: IDFC Large Cap Fund focuses on investing predominantly in Large Cap stocks.

Category: Large Cap

Monthly Avg AUM: ` 358.48 Crores

Month end AUM: ` 373.25 Crores

Inception Date: 9 June 2006

Fund Manager: Mr. Sumit Agrawal & Mr. Arpit Kapoor (w.e.f. 1st March 2017)

Other Parameter:

Beta 0.93

R Square 0.97


Sharpe* 0.32

Portfolio Turnover

Equity 1.61

Aggregate^ 2.04

Expense Ratio

Regular 2.72%

Direct 1.83%

Benchmark: S&P BSE 100 (w.e.f. April 18, 2017)



SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.

Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount : ` 5,000/- and any amount thereafter

Option Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))

Exit Load: 1.00% if redeemed before 365 days from the date of allotment. (w.e.f. 1st September 2009)


Banks 18.67%Consumer Non Durables 16.13%Software 11.03%Petroleum Products 9.19%Finance 8.91%Auto 5.63%Pharmaceuticals 5.26%Consumer Durables 4.56%Construction Project 2.93%Gas 2.21%

Performance Table


1 Year 3 Years 5 YearsSince InceptionJun 09, 2006


IDFC Large Cap Fund 10.66% 10.54% 14.33% 10.38% 11,066 13,509 19,546 33,190

S&P BSE 100# 12.84% 10.90% 15.71% 13.27% 11,284 13,645 20,749 45,430

Nifty 50## 14.20% 11.42% 16.03% 13.39% 11,420 13,834 21,038 46,062

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future. For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to April 18, 2017 with the performance of Nifty 50 TRI (Benchmark)Current Index performance adjusted for the period from since inception to June 28, 2007 with the performance of S&P BSE 100 price return index (Benchmark)With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant. The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 2017

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Large Cap Fund - Regular Plan - Growth


InceptionJun 09, 2006



Fund Returns (%) 13.76 16.28 13.24 13.21 12.31 11.07


S&P BSE 100 Index (%)# 16.77 16.87 14.18 14.20 13.25 12.15


Nifty 50 (%)## 19.86 17.85 14.74 14.58 13.50 12.36


Riskometer




Investment predominantly in equity and equity •related instruments of the large cap companies.




Retailing 1.24%

Cement 1.10%

Ferrous Metals 1.10%

Miscellaneous 1.04%

Power 1.01%

Chemicals 0.99%


NAV (`)Regular Plan Growth 33.19Regular Plan Dividend 15.55

PORTFOLIO

Name % of NAV


Banks 18.67%

HDFC Bank 6.35%

IndusInd Bank 4.70%

Bandhan Bank 3.83%

Kotak Mahindra Bank 3.78%


ITC 6.44%

Hindustan Unilever 2.06%

Nestle India 2.04%

Dabur India 2.03%

Britannia Industries 2.00%

Asian Paints 1.56%

Software 11.03%

Infosys 5.41%

Tata Consultancy Services 4.57%

Majesco 1.04%


Reliance Industries 8.23%

Indian Oil Corporation 0.96%

Finance 8.91%

HDFC 5.02%

Bajaj Finance 2.89%

Magma Fincorp 1.00%

Auto 5.63%

Mahindra & Mahindra 2.86%

Maruti Suzuki India 2.78%


Cadila Healthcare 1.72%

Sun Pharmaceutical Industries 1.34%

Aurobindo Pharma 1.17%

Name % of NAV



Titan Company 1.42%

Havells India 1.09%

Bata India 1.07%

Khadim India 0.99%

Construction Project 2.93%

Larsen & Toubro 2.93%

Gas 2.21%

GAIL (India) 1.11%

Petronet LNG 1.09%


MRF 2.15%


Zee Entertainment Enterprises 1.53%

Retailing 1.24%

Avenue Supermarts 1.24%

Cement 1.10%

Grasim Industries 1.10%


JSW Steel 1.10%

Miscellaneous 1.04%

Apollo Pipes 1.04%

Power 1.01%


Chemicals 0.99%



Dollar Industries 0.77%


Grand Total 100.00%

Size

Large Cap

Mid Cap

Small Cap


10

IDFC Nifty FundAn open ended scheme tracking Nifty 50 Index

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: IDFC Nifty Fund is an index fund which is managed passively by investing in proportion to the Nifty 50.Category: IndexMonthly Avg AUM: ` 115.22 Crores Month end AUM: ` 117.70 Crores Inception Date: 30 April 2010Fund Manager: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 1st March 2017) Other Parameter:Beta 0.99R Square 1.00Standard Deviation (Annualized) 13.85%Sharpe* 0.34Portfolio TurnoverEquity 0.24Aggregate^ 0.36Tracking Error (Annualized) 0.29%Expense Ratio Regular 0.27%Direct 0.17%

Benchmark: Nifty 50 SIP (Minimum Amount): ` 100/- SIP Frequency: Monthly

SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount: ` 100/- and any amount thereafterOption Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))Exit Load: 1% if redeemed/switched out (to any non-equity scheme of IDFC Mutual Fund) within 7 days.


Banks 26.47%Software 13.21%Petroleum Products 11.18%Finance 10.45%Consumer Non Durables 9.81%Auto 8.43%Construction Project 3.57%Pharmaceuticals 3.13%Power 1.99%Cement 1.86%Non - Ferrous Metals 1.61%

Performance Table


1 Year 3 Years 5 YearsSince InceptionApr 30, 2010

1 Year 3 Years 5 YearsSince InceptionApr 30, 2010

IDFC Nifty Fund 13.72% 10.89% 15.50% 10.78% 11,372 13,641 20,563 23,294

Nifty 50# 14.20% 11.42% 16.03% 11.12% 11,420 13,834 21,038 23,891

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Nifty - Regular Plan - Growth

1 Year 3 Years 5 Years 7 YearsSince

InceptionApr 30, 2010

Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 10,00,000

Total Value as on July 31, 2018 (`) 1,32,152 4,64,543 8,56,678 13,88,901 17,40,778

Fund Returns (%) 19.37 17.30 14.23 14.12 12.94

Total Value of Nifty 50# 1,32,451 4,68,248 8,67,864 14,12,576 17,71,084

Nifty 50 (%)# 19.86 17.87 14.76 14.59 13.34


Riskometer



To create wealth over long term.•Investment in equity and equity related •instruments forming part of Nifty 50 index.


Telecom - Services 1.14%Oil 1.04%Ferrous Metals 0.94%Consumer Durables 0.84%Index 0.80%Minerals/Mining 0.76%Gas 0.73%Media & Entertainment 0.65%Transportation 0.62%Telecom - Equipment & Accessories 0.54%Pesticides 0.53%

NAV (`)


PORTFOLIO

Name Rating % of NAV


Banks 26.47%HDFC Bank 9.96%ICICI Bank 4.34%Kotak Mahindra Bank 3.87%

State Bank of India 2.44%

IndusInd Bank 2.26%

Axis Bank 2.10%

Yes Bank 1.51%

Software 13.21%Infosys 5.76%Tata Consultancy Services 4.62%

HCL Technologies 1.19%

Tech Mahindra 0.95%

Wipro 0.69%

Petroleum Products 11.18%Reliance Industries 9.25%


Bharat Petroleum Corporation 0.68%

Hindustan Petroleum Corporation 0.47%

Finance 10.45%HDFC 7.14%

Bajaj Finance 1.42%

Indiabulls Housing Finance 0.95%

Bajaj Finserv 0.94%

Consumer Non Durables 9.81%ITC 5.62%


Asian Paints 1.45%



Tata Motors 1.08%

Hero MotoCorp 0.95%

Eicher Motors 0.84%

Bajaj Auto 0.81%

Construction Project 3.57%Larsen & Toubro 3.57%




Cipla 0.72%

Dr. Reddy's Laboratories 0.58%

Lupin 0.44%

Power 1.99%

NTPC 1.08%

Power Grid Corporation of India 0.91%

Cement 1.86%

UltraTech Cement 0.97%


Non - Ferrous Metals 1.61%

Vedanta 0.92%

Hindalco Industries 0.69%

Telecom - Services 1.14%

Bharti Airtel 1.14%

Oil 1.04%

Oil & Natural Gas Corporation 1.04%


Tata Steel 0.94%


Titan Company 0.84%

Index 0.80%

Nifty 50 Index - Equity Futures 0.80%

Minerals/Mining 0.76%

Coal India 0.76%

Gas 0.73%

GAIL (India) 0.73%



Transportation 0.62%Adani Ports and Special Economic Zone

0.62%

Telecom - Equipment & Accessories 0.54%

Bharti Infratel 0.54%

Pesticides 0.53%

UPL 0.53%

Corporate Bond 0.02%

NTPC AAA 0.02%

Net Cash and Cash Equivalent -0.33%

Grand Total 100.00%

Size

Large Cap

Mid Cap

Small Cap


11

IDFC Infrastructure FundAn open ended equity scheme investing in Infrastructure sector

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: A dedicated Infrastructure fund, that invests across the infrastructure value chain with exclusions like Banking, Autos, IT, Pharma and FMCG. It is a diversified portfolio of companies that are participating in and benefitting from the Indian Infrastructure and Infrastructure related activities.

Category: Sectoral




Fund Manager: Mr. Rajendra Kumar Mishra (w.e.f. 27th June 2013)

Other Parameter:

Beta 0.92

R Square 0.80


Sharpe* 0.18

Portfolio Turnover


Expense Ratio

Regular 2.37%

Direct 1.31%

Benchmark: Nifty Infrastructure




Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount: ` 5,000/- and any amount thereafter


Exit Load: 1.00% if redeemed before 365 days from the date of allotment.



Transportation 13.96%

Construction 12.77%

Power 9.18%


Gas 7.14%

Cement 7.11%



Performance Table Regular Plan - GrowthScheme Name CAGR Returns (%) Current Value of Investment of ` 10,000

1 Year 3 Years 5 YearsSince Inception

Mar 08, 20111 Year 3 Years 5 Years

Since InceptionMar 08, 2011

IDFC Infrastructure Fund -2.59% 9.73% 18.06% 6.85% 9,741 13,217 22,944 16,330

Nifty Infrastructure# -5.67% -0.07% 9.21% 2.47% 9,433 9,978 15,536 11,982

Nifty 50## 14.20% 11.42% 16.03% 11.65% 11,420 13,834 21,038 22,610

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

Riskometer

Investors understand that their principal will be at High risk


To create wealth over long term.•Investment predominantly in equity and equity •related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.




Oil 1.94%



Hotels, Resorts And Other Recreational Activities 1.37%

Engineering Services 0.97%

Finance 0.14%

NAV (`)


Size

Large Cap

Mid Cap

Small Cap


PORTFOLIO

Name % of NAV


Construction Project 16.11%Larsen & Toubro 5.16%NCC 3.29%Engineers India 3.21%Sadbhav Engineering 2.96%

H.G. Infra Engineering 1.49%

Transportation 13.96%Container Corporation of India 3.82%Adani Ports and Special Economic Zone 3.20%

Transport Corporation of India 2.18%

Navkar Corporation 1.90%

Gateway Distriparks 1.68%

Future Supply Chain Solutions 1.18%

Construction 12.77%PNC Infratech 3.20%

Dilip Buildcon 1.82%

Gayatri Projects 1.37%

Ahluwalia Contracts (India) 1.36%

GPT Infraprojects 1.08%

NBCC (India) 1.06%

J.Kumar Infraprojects 1.05%

ITD Cementation India 0.98%

PSP Projects 0.85%

Power 9.18%NTPC 4.36%

PTC India 1.85%

Torrent Power 1.49%



Bharat Electronics 2.43%

Cochin Shipyard 2.30%

Bharat Heavy Electricals 1.67%

BEML 1.47%

Name % of NAV

ISGEC Heavy Engineering 1.07%

Gas 7.14%

Gujarat State Petronet 2.77%

GAIL (India) 2.19%

Gujarat Gas 2.18%

Cement 7.11%UltraTech Cement 3.78%

JK Cement 2.01%

Sagar Cements 1.31%

Telecom - Services 5.10%Bharti Airtel 5.10%


Jindal Steel & Power 1.39%

Jindal Saw 1.38%

Maharashtra Seamless 1.23%


Vedanta 2.19%

National Aluminium Company 1.47%


Tejas Networks 2.11%

Oil 1.94%



Kirloskar Brothers 1.88%


Blue Star 1.68%Hotels, Resorts And Other Recreational Activities 1.37%

Taj GVK Hotels & Resorts 1.37%

Engineering Services 0.97%

VA Tech Wabag 0.97%

Finance 0.14%

PTC India Financial Services 0.14%


Grand Total 100.00%

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Infrastructure Fund - Regular Plan - Growth





Fund Returns (%) -15.56 12.43 14.25 12.56 11.87

Total Values of Nifty Infrastructure# 1,11,906 3,85,554 6,74,004 10,08,024 10,65,196

Nifty Infrastructure (%)# -12.30 4.51 4.60 5.14 4.77

Total Value of Nifty 50## 1,32,451 4,68,248 8,67,864 14,12,576 15,22,799

Nifty 50 (%)## 19.86 17.87 14.76 14.59 14.18


12

IDFC Tax Advantage (ELSS) FundAn open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: The Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961.

Category: ELSS



Inception Date: 26 December 2008

Fund Manager: Mr. Daylynn Pinto (w.e.f. 20th October 2016)

Other Parameter:

Beta 1.03 R Square 0.86 Standard Deviation (Annualized) 15.58% Sharpe* 0.32

Portfolio Turnover


Expense Ratio

Regular 2.33%

Direct 1.16%


SIP (Minimum Amount): ` 500/-

SIP Frequency : Monthly


Investment Objective: Refer Pg No from 42 to 43

Minimum Investment Amount: ` 500/- and in multiples of ` 500/- thereafter.

Option Available: Growth, Dividend - Payout and Sweep (from Equity Schemes to Debt Schemes Only)

Exit Load: Nil


Banks 14.59%Software 9.05%Consumer Non Durables 7.67%Finance 6.80%Auto Ancillaries 6.69%Pharmaceuticals 5.37%Retailing 4.99%Petroleum Products 4.61%Construction Project 3.71%Consumer Durables 3.68%Industrial Products 3.55%Cement 3.31%

Performance Table


1 Year 3 Years 5 YearsSince InceptionDec 26, 2008


IDFC Tax Advantage (ELSS) Fund

9.96% 11.25% 22.05% 19.95% 10,996 13,772 27,102 57,320

S&P BSE 200# 12.51% 12.15% 18.05% 18.24% 11,251 14,112 22,939 49,958

Nifty 50## 14.20% 11.42% 16.03% 16.86% 11,420 13,834 21,038 44,643

Performance based on NAV as on 31/7/2018, Past performance may or may not be sustained in future. The performances given are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages *Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth


InceptionDec 26, 2008



Fund Returns (%) 2.71 16.80 17.54 18.66 17.46

Total Value of S&P BSE 200# 1,29,696 4,66,153 8,90,362 14,71,574 24,13,737

S&P BSE 200 (%)# 15.37 17.55 15.80 15.74 14.55

Total Value of NIFTY 50## 1,32,451 4,68,248 8,67,864 14,12,576 22,91,555

NIFTY 50 (%)## 19.86 17.87 14.76 14.59 13.54


Industrial Capital Goods 2.74%Ferrous Metals 2.26%Non - Ferrous Metals 2.21%Gas 2.06%Construction 2.02%Auto 1.99%Power 1.77%Transportation 1.63%Chemicals 1.58%Miscellaneous 1.18%Media & Entertainment 1.15%Hotels, Resorts And Other Recreational Activities 0.88%

NAV (`)


Size

Large Cap

Mid Cap

Small Cap


Riskometer



To create wealth over long term.•Investment predominantly in Equity and Equity •related securities with income tax benefit u/s 80C and 3 years lock-in.


PORTFOLIO

Name % of NAV

Equity and Equity related Instruments 95.47%Banks 14.59%HDFC Bank 4.67%ICICI Bank 3.44%RBL Bank 2.80%Kotak Mahindra Bank 1.60%IndusInd Bank 1.10%Axis Bank 0.98%Software 9.05%Infosys 2.92%Mastek 1.61%HCL Technologies 1.42%Cyient 1.16%Tech Mahindra 1.04%KPIT Technologies 0.89%Consumer Non Durables 7.67%ITC 3.19%Nestle India 1.80%Dabur India 1.55%Procter & Gamble Hygiene and Health Care 0.82%HBL Power Systems 0.31%Finance 6.80%Magma Fincorp 1.79%Mas Financial Services 1.27%TI Financial Holdings 0.69%Sundaram Finance 0.69%BSE 0.63%Reliance Nippon Life Asset Management 0.62%ICICI Securities 0.60%Max Financial Services 0.52%Auto Ancillaries 6.69%MRF 1.95%Apollo Tyres 1.52%Sandhar Technologies 1.14%Minda Industries 1.11%Bosch 0.97%Pharmaceuticals 5.37%Cadila Healthcare 1.28%Aurobindo Pharma 1.27%Dr. Reddy's Laboratories 0.98%Sun Pharmaceutical Industries 0.97%Dishman Carbogen Amcis 0.87%Retailing 4.99%Future Retail 2.42%Future Lifestyle Fashions 1.05%Future Consumer 0.76%Avenue Supermarts 0.76%Petroleum Products 4.61%Reliance Industries 2.18%Indian Oil Corporation 0.90%Hindustan Petroleum Corporation 0.87%Chennai Petroleum Corporation 0.66%Construction Project 3.71%KEC International 1.46%Voltas 1.35%NCC 0.91%

Name % of NAV

Consumer Durables 3.68%Khadim India 1.03%Crompton Greaves Consumer Electricals 0.97%Greenply Industries 0.85%Greenlam Industries 0.52%Praxis Home Retail 0.30%Industrial Products 3.55%HEG 1.18%AIA Engineering 1.01%Bharat Forge 0.94%KEI Industries 0.42%Cement 3.31%The Ramco Cements 1.54%Ambuja Cements 1.13%Sagar Cements 0.65%Industrial Capital Goods 2.74%Texmaco Rail & Engineering 0.94%Bharat Heavy Electricals 0.91%CG Power and Industrial Solutions 0.90%Ferrous Metals 2.26%Jindal Steel & Power 1.45%JSW Steel 0.81%Tata Steel 0.01%Non - Ferrous Metals 2.21%Hindalco Industries 1.31%National Aluminium Company 0.90%Gas 2.06%GAIL (India) 1.15%Petronet LNG 0.91%Construction 2.02%PSP Projects 1.31%Asian Granito India 0.71%Auto 1.99%Mahindra & Mahindra 1.00%Bajaj Auto 0.99%Power 1.77%Nava Bharat Ventures 0.89%Kalpataru Power Transmission 0.87%Transportation 1.63%VRL Logistics 1.63%Chemicals 1.58%Deepak Nitrite 0.89%Atul 0.70%Miscellaneous 1.18%Apollo Pipes 0.64%Kirloskar Ferrous Industries 0.54%Media & Entertainment 1.14%PVR 0.95%Zee Entertainment Enterprises 0.19%Hotels, Resorts And Other Recreational Activities 0.88%EIH 0.88%Preference Shares 0.01%Media & Entertainment 0.01%Zee Entertainment Enterprises 0.01%Net Cash and Cash Equivalent 4.52%Grand Total 100.00%

13

IDFC Arbitrage FundAn open ended scheme investing in arbitrage opportunities

31st July 2018

FUND FEATURES

About the Fund: The fund invests in arbitrage opportunities in the cash and the derivative segments of the equity markets. It aims to capture the spread (Cost of Carry) between the cash and futures market by simultaneously executing buy (in the cash market) and sell (in the futures market) trades. The balance is invested in debt and money market instruments. The fund typically follows a strategy of taking market neutral (equally offsetting) positions in the equity market making it a low risk product irrespective of the movements in equity market.

Category: Arbitrage




Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Arpit Kapoor (w.e.f. 1st March 2017) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016)

Other Parameter:

Beta 0.23 R Square 0.11 Standard Deviation (Annualized) 0.38% Sharpe* -0.54

Portfolio Turnover

Equity 4.17

Aggregate^ 16.65

Expense Ratio

Regular 1.10%

Direct 0.35%

Benchmark: Nifty 50 Arbitrage Index$ (w.e.f. April 01, 2018)



SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment. Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount: ` 100/- and any amount thereafter

Option Available: Growth, Dividend - (Payout,Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual

Exit Load: 0.25% if redeemed / switched-out within 1 month from the date of allotment (w.e.f 01st July 2016)

Performance Table




IDFC Arbitrage Fund 5.97% 6.05% 7.14% 7.17% 10,597 11,928 14,121 22,356

Nifty 50 Arbitrage Index#$ 4.12% 5.24% 6.67% NA 10,412 11,657 13,811 NA

Nifty 50## 14.20% 11.42% 16.03% 11.15% 11,420 13,834 21,038 34,143

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.$The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage Index w.e.f. April 01, 2018.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Arbitrage Fund - Regular Plan - Growth





Fund Returns (%) 5.95 5.96 6.40 6.94 7.15 7.11

Total Value of Nifty 50 Arbitrage Index#$ 1,22,584 3,86,682 6,91,938 10,50,573 NA NA

Nifty 50 Arbitrage Index Returns (%)#$ 4.04 4.71 5.65 6.30 NA NA



INDUSTRY ALLOCATION

NAV (`)

Regular Plan Growth 22.3560Regular Plan Monthly Dividend 12.6391Regular Plan Annual Dividend 10.6605

Riskometer

Investors understand that their principal will be at Moderately Low risk


To generate low volatility returns over short to •medium term.Investments predominantly in arbitrage opportunities in •the cash and derivative segments of the equity markets with balance exposure in debt and money market instruments.


PORTFOLIOName Industries % of NAVTata Steel Ferrous Metals 3.84%Eicher Motors Auto 2.83%Dewan Housing Finance Corporation Finance 2.72%Punjab National Bank Banks 2.67%Wipro Software 2.11%Power Finance Corporation Finance 1.96%DLF Construction 1.71%Bank of Baroda Banks 1.70%Reliance Industries Petroleum Products 1.63%Titan Company Consumer Durables 1.57%Tata Motors Auto 1.47%Hero MotoCorp Auto 1.46%ITC Consumer Non Durables 1.35%Equitas Holdings Finance 1.30%Vedanta Non - Ferrous Metals 1.20%GMR Infrastructure Construction Project 1.19%Tata Motors Auto 1.16%Grasim Industries Cement 1.13%Bharat Financial Inclusion Finance 1.10%NCC Construction Project 1.09%GAIL (India) Gas 1.08%Steel Authority of India Ferrous Metals 1.05%Adani Enterprises Trading 0.97%Infosys Software 0.96%Adani Power Power 0.94%Larsen & Toubro Construction Project 0.93%Bharti Airtel Telecom - Services 0.93%ICICI Bank Banks 0.91%The South Indian Bank Banks 0.90%Raymond Textile Products 0.89%CG Power and Industrial Solutions Industrial Capital Goods 0.83%Union Bank of India Banks 0.83%Jindal Steel & Power Ferrous Metals 0.81%Bharat Electronics Industrial Capital Goods 0.80%Godrej Consumer Products Consumer Non Durables 0.79%Marico Consumer Non Durables 0.73%NMDC Minerals/Mining 0.66%Tata Consultancy Services Software 0.65%Yes Bank Banks 0.64%MindTree Software 0.56%Dish TV India Media & Entertainment 0.55%Canara Bank Banks 0.54%Cadila Healthcare Pharmaceuticals 0.54%Asian Paints Consumer Non Durables 0.48%Syndicate Bank Banks 0.48%Biocon Pharmaceuticals 0.48%Tata Chemicals Chemicals 0.45%Aurobindo Pharma Pharmaceuticals 0.43%CESC Power 0.40%Granules India Pharmaceuticals 0.40%Bajaj Auto Auto 0.38%Dr. Reddy's Laboratories Pharmaceuticals 0.38%Bajaj Finance Finance 0.36%SREI Infrastructure Finance Finance 0.35%IRB Infrastructure Developers Construction 0.34%Reliance Infrastructure Power 0.32%Gujarat State Fertilizers & Chemicals Fertilisers 0.32%IDBI Bank Banks 0.31%Reliance Power Power 0.29%UPL Pesticides 0.29%Tech Mahindra Software 0.28%Rural Electrification Corporation Finance 0.27%LIC Housing Finance Finance 0.27%Muthoot Finance Finance 0.26%Britannia Industries Consumer Non Durables 0.26%The Federal Bank Banks 0.25%ICICI Prudential Life Insurance Company Finance 0.24%CEAT Auto Ancillaries 0.24%Bharat Heavy Electricals Industrial Capital Goods 0.22%Housing Development Finance Corporation Finance 0.22%PVR Media & Entertainment 0.21%Oriental Bank of Commerce Banks 0.20%

Name Industries % of NAVAndhra Bank Banks 0.19%Ambuja Cements Cement 0.19%TV18 Broadcast Media & Entertainment 0.18%Allahabad Bank Banks 0.18%Max Financial Services Finance 0.17%Reliance Communications Telecom - Services 0.17%Idea Cellular Telecom - Services 0.16%The India Cements Cement 0.16%Engineers India Construction Project 0.16%Zee Entertainment Enterprises Media & Entertainment 0.15%Bharat Forge Industrial Products 0.15%Petronet LNG Gas 0.14%Sun Pharmaceutical Industries Pharmaceuticals 0.14%Jaiprakash Associates Cement 0.13%JSW Steel Ferrous Metals 0.11%Dabur India Consumer Non Durables 0.10%Tata Global Beverages Consumer Non Durables 0.10%Exide Industries Auto Ancillaries 0.10%Jain Irrigation Systems Industrial Products 0.10%United Spirits Consumer Non Durables 0.10%RBL Bank Banks 0.09%Coal India Minerals/Mining 0.09%Hindustan Unilever Consumer Non Durables 0.08%

Bharti Infratel Telecom - Equipment & Accessories 0.08%

Jubilant Foodworks Consumer Non Durables 0.08%Tata Power Company Power 0.07%Hindustan Construction Company Construction Project 0.06%Oil & Natural Gas Corporation Oil 0.06%Manappuram Finance Finance 0.06%The Karnataka Bank Banks 0.06%State Bank of India Banks 0.06%Adani Ports and Special Economic Zone Transportation 0.06%Axis Bank Banks 0.05%Bank of India Banks 0.05%Havells India Consumer Durables 0.04%Glenmark Pharmaceuticals Pharmaceuticals 0.04%Wockhardt Pharmaceuticals 0.04%Century Textiles & Industries Cement 0.04%Bosch Auto Ancillaries 0.04%Castrol India Petroleum Products 0.03%Balrampur Chini Mills Consumer Non Durables 0.03%Mahindra & Mahindra Financial Services Finance 0.03%Divi's Laboratories Pharmaceuticals 0.03%Godfrey Phillips India Consumer Non Durables 0.03%Balkrishna Industries Auto Ancillaries 0.03%Apollo Hospitals Enterprise Healthcare Services 0.03%Capital First Finance 0.03%NBCC (India) Construction 0.03%Shriram Transport Finance Company Finance 0.02%Kajaria Ceramics Construction 0.02%L&T Finance Holdings Finance 0.02%Siemens Industrial Capital Goods 0.01%Torrent Power Power 0.01%BEML Industrial Capital Goods 0.01%Mangalore Refinery and Petrochemicals Petroleum Products 0.01%Motherson Sumi Systems Auto Ancillaries 0.01%Cummins India Industrial Products 0.01%Ujjivan Financial Services Finance 0.01%Mahanagar Gas Gas 0.01%Maruti Suzuki India Auto 0.01%Ashok Leyland Auto 0.004%SRF Textile Products 0.003%Total Hedged Equity 67.46%Margin Fixed Deposit 21.57%Commercial Paper 2.20%Corporate Bond 7.15%Certificate of Deposit 0.36%CBLO 3.09%Zero Coupon Bond 1.25%Adjusted Net Current Asset -3.09%Grand Total 100.00%

Banks 10.10%Finance 9.39%Auto 7.30%Ferrous Metals 5.80%Software 4.56%Consumer Non Durables 4.12%Construction Project 3.43%Pharmaceuticals 2.48%Construction 2.10%Power 2.04%Industrial Capital Goods 1.87%Petroleum Products 1.68%Cement 1.65%Consumer Durables 1.61%Telecom - Services 1.26%

Gas 1.23%Non - Ferrous Metals 1.20%Media & Entertainment 1.10%Trading 0.97%Textile Products 0.90%Minerals/Mining 0.75%Chemicals 0.45%Auto Ancillaries 0.41%Fertilisers 0.32%Pesticides 0.29%Industrial Products 0.25%Telecom - Equipment & Accessories 0.08%Oil 0.06%Transportation 0.06%Healthcare Services 0.03%

14

IDFC Equity Savings Fund(previously known as IDFC Arbitrage Plus Fund$$)An open ended scheme investing in equity, arbitrage and debt31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: IDFC Equity Savings Fund is a hybrid scheme investing in equity, arbitrage and debt with net equity exposure ranging from 20-45% and debt exposure ranging from 20-35%, remaining being in arbitrage.

Category: Equity Savings




Fund Manager: Equity Portion: Mr. Yogik Pitti (w.e.f. 27th June 2013), Mr. Rajendra Mishra (w.e.f. 30th April 2018) & Debt Portion: Mr. Harshal Joshi (w.e.f. 20th October 2016)

Other Parameter:

Beta 0.46 R Square 0.56 Standard Deviation (Annualized) 1.40% Sharpe* -0.06

Portfolio Turnover


Expense Ratio

Regular 2.46%

Direct 0.89%

Benchmark: 30% Nifty 50 + 70% CRISIL Liquid Fund Index (w.e.f. Monday, April 30, 2018)




Investment Objective: Refer Pg No from 42 to 43 Minimum Investment Amount: ` 5,000/- and any amount thereafter

Option Available: Growth, Dividend - (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only)) - Monthly & Annual

Exit Load: In respect of each purchase of Units: - For 10% of investment : Nil - For remaining investment: 1% if redeemed/switched out within 1 (one) year from the date of allotment

Banks 11.71%Finance 6.75%Textile Products 6.59%Auto 6.31%Pharmaceuticals 6.06%Gas 4.71%Ferrous Metals 3.87%Software 2.71%Minerals/Mining 2.35%Media & Entertainment 2.24%Petroleum Products 2.12%Telecom - Services 1.66%Consumer Non Durables 1.51%Construction 1.41%

Performance Table




IDFC Equity Savings Fund$ 5.98% 6.17% 6.92% 6.90% 10,598 11,968 13,977 19,690

30% Nifty 50 + 70% CRISIL Liquid Fund Index

10.34% 8.31% 8.77% 7.88% 11,034 12,709 15,225 21,594

Nifty 50## 14.20% 11.42% 16.03% 10.89% 11,420 13,834 21,038 28,559

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.$The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.Current Index performance adjusted for the period from since inception to April 30, 2018 with the performance of CRISIL Liquid Fund Index (Benchmark)$$ For details please refer Notice (https://www.idfcmf.com/uploads/270320181148IDFC-Arbitrage-Plus-Fund-Notice.pdf)

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Equity Savings Fund - Regular Plan - Growth


InceptionJun 09, 2008



Fund Returns (%) 6.83 6.08 6.36 6.80 6.92 6.92

Total Value of 30% Nifty 50 + 70% CRISIL Liquid Fund Index# 1,28,668 4,13,212 7,46,966 11,42,719 18,46,197 18,89,391

30% Nifty 50 + 70% CRISIL Liquid Fund Index Returns (%)# 13.74 9.18 8.71 8.65 8.35 8.33


Nifty 50 (%)## 19.86 17.87 14.76 14.59 13.50 13.43



Cement 1.13%

Chemicals 0.88%

Power 0.85%

Retailing 0.80%


Oil 0.60%



Fertilisers 0.42%



NAV (`)

Regular Plan Growth 19.69Regular Plan Monthly Dividend 12.28Regular Plan Annual Dividend 10.87


To generate long term capital growth and income.•Investment predominantly in Equity and Equity •related securities (including arbitrage and other derivative strategies) as well as Fixed Income securities.


PORTFOLIO

Name Industries% of NAV

Raymond Textile Products 4.55%

Bajaj Auto Auto 4.51%

Mahanagar Gas Gas 3.57%

Tata Steel Ferrous Metals 2.84%

Axis Bank Banks 2.49%

Cadila Healthcare Pharmaceuticals 2.24%

Aurobindo Pharma Pharmaceuticals 2.12%

Arvind Textile Products 2.04%

HDFC Bank Banks 1.99%

Dish TV India Media & Entertainment 1.95%

ICICI Bank Banks 1.93%

NMDC Minerals/Mining 1.88%Housing Development Finance Corporation

Finance 1.82%

Reliance Industries Petroleum Products 1.62%ICICI Prudential Life Insurance Company

Finance 1.47%

ITC Consumer Non Durables 1.45%

Canara Bank Banks 1.42%

Infosys Software 1.41%

State Bank of India Banks 1.25%

Tata Communications Telecom - Services 1.18%

GAIL (India) Gas 1.14%

Syndicate Bank Banks 0.94%

MindTree Software 0.88%

Bandhan Bank Banks 0.85%

NTPC Power 0.85%Mahindra & Mahindra Financial Services Finance 0.78%

Reliance Nippon Life Asset Management

Finance 0.77%

Tata Motors Auto 0.76%

Sun Pharmaceutical Industries Pharmaceuticals 0.76%

Punjab National Bank Banks 0.74%

UltraTech Cement Cement 0.74%

Steel Authority of India Ferrous Metals 0.73%

Larsen & Toubro Construction Project 0.67%

Exide Industries Auto Ancillaries 0.66%

Max Financial Services Finance 0.66%

SREI Infrastructure Finance Finance 0.64%

Name Industries% of NAV

PNC Infratech Construction 0.62%

Apollo Tyres Auto Ancillaries 0.62%

Oil & Natural Gas Corporation Oil 0.60%

Hero MotoCorp Auto 0.60%

Natco Pharma Pharmaceuticals 0.55%

Indian Oil Corporation Petroleum Products 0.50%

Coal India Minerals/Mining 0.48%

Bharti Airtel Telecom - Services 0.47%

Sundaram Finance Finance 0.45%

Future Retail Retailing 0.45%

Cummins India Industrial Products 0.45%

Fine Organic Industries Chemicals 0.45%

BEML Industrial Capital Goods 0.44%

Tata Chemicals Chemicals 0.44%

Maruti Suzuki India Auto 0.43%

NBCC (India) Construction 0.43%

Tech Mahindra Software 0.41%

Container Corporation of India Transportation 0.41%

Ambuja Cements Cement 0.39%

Divi's Laboratories Pharmaceuticals 0.39%

DLF Construction 0.36%

Aditya Birla Fashion and Retail Retailing 0.34%

Coromandel International Fertilisers 0.33%

JSW Steel Ferrous Metals 0.30%

Zee Entertainment Enterprises Media & Entertainment 0.29%

Tejas Networks Telecom - Equipment & Accessories

0.26%

Power Finance Corporation Finance 0.16%

Bank of India Banks 0.10%Gujarat State Fertilizers & Chemicals

Fertilisers 0.10%

Dabur India Consumer Non Durables 0.06%

Total Hedged Equity 68.18%

Margin Fixed Deposit 15.18%


Government Bond 12.24%

Adjusted Net Current Asset 1.38%

Grand Total 100.00%

Riskometer


15

Banks 31.41%

Software 12.97%



Auto 9.21%

Finance 8.94%


Power 2.33%


Oil 1.25%






IDFC Sensex ETFAn open ended scheme tracking S&P BSE Sensex Index

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: An open-ended Exchange

Traded Fund that seeks to provide returns that,

before expenses, closely correspond to the total

return of the S&P BSE Sensex, subject to tracking

errors.

Category: Exchange Traded Fund

Monthly Avg AUM: ` 89 Lakhs

Month end AUM: ` 92 Lakhs

Inception Date: 07 October 2016

Fund Manager: Mr. Yogik Pitti

Portfolio Turnover

Equity 0.09

Aggregate^ 0.09

Expense Ratio: 0.13%

Benchmark: S&P BSE Sensex

SIP (Minimum Amount): NA

SIP Frequency: NA

SIP Dates (Monthly): NA


Minimum Investment Amount: Directly with Fund

- Authorised Participants and Large Investors can

directly purchase / redeem in blocks from the

fund in “Creation unit size” on any business day.

On the Exchange - The units of the Scheme can

be purchased and sold in minimum lot of 1 unit

and in multiples thereof

Option Available: Presently the scheme does not

offer any Plan/Options for Investment

Exit Load: Nil

Performance Table



Oct 07, 20161 Year 3 Years 5 Years

Since InceptionOct 07, 2016

IDFC Sensex ETF 16.63% NA NA 18.68% 11,663 NA NA 13,643

S&P BSE Sensex 16.97% NA NA 19.00% 11,697 NA NA 13,710

Nifty 50## 14.20% NA NA 17.41% 11,420 NA NA 13,379

The scheme has been in existence for more than 1 year but less than 3 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. ##Alternate Benchmark Returns. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

NAV (`)

Regular Plan Growth 382.8427

Regular Plan Dividend NA

PORTFOLIO

Name % of NAV




IndusInd Bank 2.70%

Axis Bank 2.67%

Yes Bank 1.80%


Wipro 0.87%

Consumer Non Durables 11.83%ITC 6.78%Hindustan Unilever 3.31%

Asian Paints 1.74%


Auto 9.21%

Maruti Suzuki India 3.30%


Tata Motors 1.32%

Hero MotoCorp 1.11%

Name % of NAV

Bajaj Auto 0.97%

Tata Motors DVR Shares 0.20%



Power 2.33%

NTPC 1.27%




Oil 1.25%



Bharti Airtel 1.17%


Tata Steel 1.17%


Vedanta 1.10%


Coal India 0.91%


Adani Ports and Special Economic Zone 0.84%


Grand Total 100.00%

Riskometer




Investing in equity and equity related instruments •forming part of S&P BSE Sensex Index.



16

IDFC Nifty ETFAn open ended scheme tracking NIFTY 50 Index

31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: An open-ended Exchange

Traded Fund that seeks to provide returns that,

before expenses, closely correspond to the total

return of the Nifty 50, subject to tracking errors.

Category: Exchange Traded Fund



Inception Date: 07 October 2016

Fund Manager: Mr. Yogik Pitti

Portfolio Turnover

Equity 0.09

Aggregate^ 0.09

Expense Ratio: 0.14%

Benchmark: Nifty 50

SIP (Minimum Amount): NA

SIP Frequency: NA

SIP Dates (Monthly): NA


Minimum Investment Amount: Directly with Fund

- Authorised Participants and Large Investors can

directly purchase / redeem in blocks from the

fund in “Creation unit size” on any business day.

On the Exchange - The units of the Scheme can

be purchased and sold in minimum lot of 1 unit

and in multiples thereof

Option Available: Presently the scheme does not

offer any Plan/Options for Investment.

Exit Load: Nil

Performance Table





IDFC Nifty ETF 14.05% NA NA 17.02% 11,405 NA NA 13,299

Nifty 50# 14.20% NA NA 17.41% 11,420 NA NA 13,379

The scheme has been in existence for more than 1 year but less than 3 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives). #Benchmark Returns. With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.

NAV (`)

Regular Plan Growth 115.6703Regular Plan Dividend NA

PORTFOLIO

Name % of NAV




IndusInd Bank 2.25%

Axis Bank 2.10%

Yes Bank 1.50%


HCL Technologies 1.19%

Tech Mahindra 0.94%

Wipro 0.69%



Bharat Petroleum Corporation 0.67%

Hindustan Petroleum Corporation 0.47%


Bajaj Finance 1.41%

Indiabulls Housing Finance 0.94%

Bajaj Finserv 0.91%



Asian Paints 1.44%



Tata Motors 1.08%

Hero MotoCorp 0.92%

Bajaj Auto 0.80%

Eicher Motors 0.78%


Name % of NAV



Cipla 0.72%

Dr. Reddy's Laboratories 0.55%

Lupin 0.44%

Power 1.99%

NTPC 1.08%


Cement 1.83%

UltraTech Cement 0.94%



Vedanta 0.92%

Hindalco Industries 0.69%


Bharti Airtel 1.14%

Oil 1.04%



Tata Steel 0.94%


Titan Company 0.84%


Coal India 0.75%

Gas 0.73%

GAIL (India) 0.73%




Adani Ports and Special Economic Zone 0.62%


Bharti Infratel 0.54%

Pesticides 0.52%

UPL 0.52%


Grand Total 100.00%

Riskometer




Investing in equity and equity related instruments •forming part of Nifty 50 index.


Banks 26.43%Software 13.18%Petroleum Products 11.17%Finance 10.38%Consumer Non Durables 9.82%Auto 8.26%Construction Project 3.56%Pharmaceuticals 3.10%Power 1.99%Cement 1.83%Non - Ferrous Metals 1.61%Telecom - Services 1.14%Oil 1.04%Ferrous Metals 0.94%Consumer Durables 0.84%Minerals/Mining 0.75%Gas 0.73%Media & Entertainment 0.65%Transportation 0.62%Telecom - Equipment & Accessories 0.54%Pesticides 0.52%


17

IDFC Dynamic Equity FundAn open ended dynamic asset allocation fund

31st July 2018

FUND FEATURES PORTFOLIO

INDUSTRY ALLOCATION



Equity and Equity related Instruments 67.62%Net Equity Exposure 54.80%Banks 8.38%HDFC Bank 3.76%ICICI Bank 1.62%ICICI Bank - Equity Futures -0.81%Kotak Mahindra Bank 1.38%IndusInd Bank 1.34%RBL Bank 1.10%The Federal Bank 0.86%The Federal Bank - Equity Futures -0.86%State Bank of India 0.85%State Bank of India - Equity Futures -0.86%Bank of Baroda 0.51%Bank of Baroda - Equity Futures -0.51%Yes Bank 0.14%Yes Bank - Equity Futures -0.14%Syndicate Bank 0.05%Syndicate Bank - Equity Futures -0.05%Consumer Non Durables 7.01%Nestle India 1.56%Hindustan Unilever 1.33%ITC 1.14%GlaxoSmithKline Consumer Healthcare 0.96%Dabur India 0.81%United Spirits 0.69%United Spirits - Equity Futures -0.69%Prataap Snacks 0.61%Jubilant Foodworks 0.61%Finance 6.78%Bajaj Finserv 1.54%HDFC 1.24%Mas Financial Services 0.99%Magma Fincorp 0.96%M&M Financial Services 0.89%SBI Life Insurance Company 0.66%ICICI Securities 0.50%Power Finance Corporation 0.13%Power Finance Corporation - Equity Futures -0.13%Auto Ancillaries 5.40%Apollo Tyres 1.58%MRF 1.07%Sandhar Technologies 0.96%GNA Axles 0.62%Minda Industries 0.62%Asahi India Glass 0.55%Motherson Sumi Systems 0.05%Motherson Sumi Systems - Equity Futures -0.05%Software 4.93%Infosys 5.18%Infosys - Equity Futures -2.83%Tata Consultancy Services 1.30%Mastek 0.71%KPIT Technologies 0.57%Wipro 0.45%Wipro - Equity Futures -0.45%Auto 3.11%Maruti Suzuki India 2.12%Maruti Suzuki India - Equity Futures -0.71%Mahindra & Mahindra 1.70%Tata Motors 0.57%Tata Motors - Equity Futures -0.57%Hero MotoCorp 0.51%Hero MotoCorp - Equity Futures -0.51%Tata Motors DVR Shares 0.28%Tata Motors DVR Shares - Equity Futures -0.28%Consumer Durables 2.53%Khadim India 0.94%Havells India 0.91%Amber Enterprises India 0.68%

Banks 11.60%Software 8.21%Consumer Non Durables 7.70%Finance 6.90%Auto Ancillaries 5.46%Auto 5.18%Pharmaceuticals 3.47%Consumer Durables 2.53%Petroleum Products 2.38%Cement 2.27%Construction Project 2.13%Telecom - Services 1.56%

Performance Table





IDFC Dynamic Equity Fund 9.01% 7.04% NA 7.73% 10,901 12,266 NA 13,280CRISIL Hybrid 35+65 - Aggressive Index#$ 8.71% 10.74% NA 11.63% 10,871 13,584 NA 15,206

Nifty 50## 14.20% 11.42% NA 11.55% 11,420 13,834 NA 15,161The scheme has been in existence for more than 3 years but less than 5 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.*Risk-free rate assumed to be 6.25% (FBIL OVERNIGHT MIBOR as on 31st July 2018). Ratios calculated on the basis of 3 years history of monthly data. ^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUMfor the last one year (includes Fixed Income securities and Equity derivatives). The portfolio will be rebalanced within the first three working days of the next month.#Benchmark Returns. ##Alternate Benchmark Returns.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.$ CRISIL Balanced Fund Aggressive Index has been renamed as CRISIL Hybrid 35+65 - Aggressive Index w.e.f. February 2018.The fund has been repositioned from a Nifty linked fund to an open banded fund w.e.f. June 19, 2017.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Dynamic Equity - Regular Plan - Growth

1 Year 3 Years 5 YearsSince

InceptionOct 10, 2014

Total Amount Invested (`) 1,20,000 3,60,000 NA 4,60,000 Total Value as on July 31, 2018 (`) 1,26,040 4,17,793 NA 5,43,282 Fund Returns (%) 9.50 9.93 NA 8.65Total Value of CRISIL Hybrid 35+65 - Aggressive Index#$ 1,26,866 4,39,702 NA 5,80,579

CRISIL Hybrid 35+65 - Aggressive Index Returns (%)# 10.82 13.45 NA 12.19

Total Value of Nifty 50## 1,32,451 4,68,248 NA 6,08,980 Nifty 50 (%)## 19.86 17.87 NA 14.76


Riskometer




Dynamic allocation towards equity, derivatives, •debt and money market instruments.



Pharmaceuticals 2.29%Cadila Healthcare 1.19%Biocon 0.69%Biocon - Equity Futures -0.69%Aurobindo Pharma 0.62%Sun Pharmaceutical Industries 0.49%Sun Pharmaceutical Industries - Equity Futures -0.49%Dishman Carbogen Amcis 0.48%Petroleum Products 2.24%Reliance Industries 1.82%Indian Oil Corporation 0.42%Hindustan Petroleum Corporation 0.14%Hindustan Petroleum Corporation - Equity Futures -0.14%Construction Project 2.13%Larsen & Toubro 1.50%KEC International 0.64%Index 1.80%Nifty 50 Index - Equity Futures 1.80%Cement 1.13%Ambuja Cements 1.82%Ambuja Cements - Equity Futures -1.13%Sagar Cements 0.45%Gas 1.01%GAIL (India) 0.57%Petronet LNG 0.44%Indraprastha Gas 0.43%Indraprastha Gas - Equity Futures -0.43%Ferrous Metals 0.98%JSW Steel 0.82%JSW Steel - Equity Futures -0.22%Tata Steel 0.38%Steel Authority of India 0.29%Steel Authority of India - Equity Futures -0.30%Media & Entertainment 0.91%Zee Entertainment Enterprises 0.91%Construction 0.89%PNC Infratech 0.62%ITD Cementation India 0.27%Industrial Products 0.86%Supreme Industries 0.86%Hotels, Resorts And Other Recreational Activities 0.52%The Indian Hotels Company 0.52%Non - Ferrous Metals 0.49%Hindalco Industries 0.49%Miscellaneous 0.47%Apollo Pipes 0.47%Power 0.34%Nava Bharat Ventures 0.34%Retailing 0.31%Future Retail 0.31%Textiles - Cotton 0.27%Nitin Spinners 0.27%Telecom - Services 0.01%Bharti Airtel 1.56%Bharti Airtel - Equity Futures -1.56%Industrial Capital Goods -0.001%Bharat Electronics 0.22%Bharat Electronics - Equity Futures -0.22%Corporate Bond 16.87%Rural Electrification Corporation AAA 8.35%HDB Financial Services AAA 3.33%Kotak Mahindra Prime AAA 2.38%Reliance Industries AAA 2.32%LIC Housing Finance AAA 0.47%NTPC AAA 0.02%ASBA Fixed Deposit 9.57%Net Cash and Cash Equivalent 5.93%Grand Total 100.00%

Ferrous Metals 1.49%Gas 1.45%Media & Entertainment 0.91%Construction 0.89%Industrial Products 0.86%Hotels, Resorts And Other Recreational Activities 0.52%Non - Ferrous Metals 0.49%Miscellaneous 0.47%Power 0.34%Retailing 0.31%Textiles - Cotton 0.27%Industrial Capital Goods 0.22%

NAV (`)

PE Bands Equity Allocation<12 90 - 100 12 - 16 75 - 9016 - 19 65 - 7519 - 22 55 - 6522 - 26 40 - 55>26 30 - 40

The industry allocation is provided at gross equity exposure

The equity exposure of the scheme’s portfolio will be determined as follows:

The balance will be invested in debt and money market securities.


About the Fund:‘Dynamically’ invests between Equity and Debt •An Equity fund that buys less when markets are •expensive and more when markets are cheapBased on the model that tracks market valuation•

Category: Dynamic Asset Allocation or Balanced AdvantageMonthly Avg AUM: ` 1,012.86 Crores Month end AUM: ` 1,044.50 Crores Inception Date: 10 October 2014Fund Manager: Equity Portion: Mr. Arpit Kapoor & Mr. Sumit Agrawal (w.e.f. 01st March 2017), Debt Portion: Mr. Arvind Subramanian (w.e.f. 09th November 2015)Other Parameter:Standard Deviation (Annualized) 5.69% Beta 0.59 R Square 0.89 Sharpe* 0.14Modified Duration 1.60 yearsAverage Maturity 1.85 yearsYield to Maturity 8.38%Portfolio TurnoverEquity 0.57Aggregate^ 3.49Expense Ratio Regular 2.56%Direct 1.09%Market Cap Split Large Cap 64.87%Mid and Small Cap 35.13%Benchmark: CRISIL Hybrid 35+65 - Aggressive Index$

SIP (Minimum Amount): ` 1,000/-SIP Frequency: Monthly

SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.Investment Objective: Refer Pg No from 42 to 43Minimum Investment Amount : ` 5,000/- and any amount thereafterOption Available: Growth, Dividend (Payout, Reinvestment and Sweep (from Equity Schemes to Debt Schemes only))Exit Load: In respect of each purchase of Units:- For 10% of investment: Nil- For remaining investment: 1% if redeemed/ switched out within 1 year from the date of allotment (w.e.f. July 5, 2017)

18

IDFC Hybrid Equity Fund(previously known as IDFC Balanced Fund)An open ended hybrid scheme investing predominantly in equity and equity related instruments 31st July 2018

FUND FEATURES

INDUSTRY ALLOCATION

About the Fund: IDFC Hybrid Equity Fund provides a combination of equity (between 65% and 80%) and debt (between 20% and 35%) so as to provide both relative stability of returns and potential of growth. Both equity and fixed income portions are actively managed.

Category: Aggressive Hybrid




Fund Manager: Equity Portion: Mr. Anoop Bhaskar Debt Portion: Mr. Suyash Choudhary & Mr. Anurag Mittal

Other Parameter:

Modified Duration 2.03 years Average Maturity 2.48 years Yield to Maturity 8.30%

Expense Ratio

Regular 2.19%

Direct 0.83%

Benchmark: CRISIL Hybrid 35+65 - Aggressive Index$



SIP Date (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.


Minimum Investment Amount: ` 5,000/- and any amount thereafter

Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility)

Exit Load: 10% of investment: Nil Remaining investment: 1% if redeemed/switched out within 1 year from the date of allotment

NAV (`)


Riskometer




Investment predominantly in equity and equity •related securities and balance exposure in debt and money market instruments.


PORTFOLIO

Banks 16.19%Finance 9.20%Software 6.27%Consumer Non Durables 6.12%Petroleum Products 5.13%Auto Ancillaries 3.54%Retailing 2.80%Hotels, Resorts And Other Recreational Activities 2.48%

Auto 2.13%Pharmaceuticals 2.04%

Gas 1.51%Industrial Products 1.38%Consumer Durables 1.34%Power 1.23%Transportation 1.16%Construction Project 1.11%Industrial Capital Goods 0.84%Chemicals 0.73%Ferrous Metals 0.70%Cement 0.65%Minerals/Mining 0.60%

Performance Table




IDFC Hybrid Equity Fund - Growth^

4.83% NA NA 11.14% 10,483 NA NA 11,820

CRISIL Hybrid 35+65 - Aggressive Index#$

8.71% NA NA 17.12% 10,871 NA NA 12,844

Nifty 50## 14.20% NA NA 24.76% 11,420 NA NA 14,196The scheme has been in existence for more than 1 year but less than 3 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.The portfolio shall be rebalanced on the first business day of every month.#Benchmark Returns. ##Alternate Benchmark Returns.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.$ CRISIL Balanced Fund Aggressive Index has been renamed as CRISIL Hybrid 35+65 - Aggressive Index w.e.f. February 2018.^The fund has been repositioned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018.

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Hybrid Equity Fund - Regular Plan - Growth



Total Amount Invested (`) 1,20,000 NA NA 2,00,000 Total Value as on July 31, 2018 (`) 1,23,866 NA NA 2,14,110 Fund Returns (%) 6.05 NA NA 8.10Total Value of CRISIL Hybrid 35+65 - Aggressive Index#$ 1,26,866 NA NA 2,22,626

CRISIL Hybrid 35+65 - Aggressive Index Returns (%)# 10.82 NA NA 12.95

Total Value of Nifty 50## 1,32,451 NA NA 2,36,178 Nifty 50 (%)## 19.86 NA NA 20.60



HDFC Bank Limited Banks 4.48%

Reliance Industries Limited Petroleum Products 3.29%

Housing Development Finance Corporation Limited Finance 2.96%

State Bank of India Banks 2.20%

ITC Limited Consumer Non Durables 2.09%

Bandhan Bank Limited Banks 1.77%

Infosys Limited Software 1.66%

GAIL (India) Limited Gas 1.51%

Kotak Mahindra Bank Limited Banks 1.45%

ICICI Prudential Life Insurance Company Limited Finance 1.45%

Reliance Nippon Life Asset Management Limited Finance 1.44%

IndusInd Bank Limited Banks 1.39%

ICICI Bank Limited Banks 1.36%

Mahindra & Mahindra Limited Auto 1.30%

KPIT Technologies Limited Software 1.29%

Top 15 Equity Holdings 29.63%

Other Equity Holdings 37.56%

8.20% GOI (MD 15/02/2022) SOV 7.77%

6.84% GOI (MD 19/12/2022) SOV 1.24%

7.17% GOI (MD 08/01/2028) SOV 0.01%


Export Import Bank of India AAA 2.13%

ICICI Bank Limited AA+ 2.10%

Rural Electrification Corporation Limited AAA 2.02%

Housing Development Finance Corporation Limited AAA 0.85%

Rural Electrification Corporation Limited AAA 0.85%

HDFC Bank Limited AA+ 0.85%

LIC Housing Finance Limited AAA 0.77%

Housing Development Finance Corporation Limited AAA 0.42%

Power Finance Corporation Limited AAA 0.31%

Indiabulls Housing Finance Limited AAA 0.19%

L&T Finance Limited AAA 0.17%

Bharat Petroleum Corporation Limited AAA 0.10%


8.68% Tamil Nadu SDL (MD 26/05/2021) SOV 0.12%

State Government Bond 0.12%

IndusInd Bank Limited A1+ 2.08%

Certificate of Deposit 2.08%

L&T Finance Limited A1+ 1.70%

Commercial Paper 1.70%

Margin FD 0.43%

Zero Coupon Bond 1.67%

Net Current Asset 7.01%Grand Total 100.00%

19

IDFC Regular Savings Fund(previously known as IDFC Monthly Income Plan)An open ended hybrid scheme investing predominantly in debt instruments31st July 2018

FUND FEATURES

About the Fund: IDFC Regular Savings Fund is a hybrid fund which offers up to 25% participation in the equity markets with the balance invested in fixed income. The Equity portfolio of the fund is an actively managed all cap portfolio. The Fixed Income portfolio is also actively managed with a mix of debt and money market instruments.

Category: Conservative Hybrid



Inception Date: 25 February 2010

Fund Manager: Equity Portion: Mr. Sumit Agrawal (w.e.f. 20th October 2016)

Debt Portion: Mr. Anurag Mittal (w.e.f. 09th November 2015)

Other Parameter:

Modified Duration 2.31 years Average Maturity 2.81 years Yield to Maturity* 7.82%

*Monthly income is not assured and is subject to availability of distributable surplus

Expense Ratio

Regular 2.41%

Direct 1.58%

Benchmark: CRISIL Hybrid 85+15 - Conservative Index$






Option Available: Growth, Dividend - Quarterly, Regular

Exit Load: In respect of each purchase of Units:

- For 10% of investment : Nil

- For remaining investment: 1% if redeemed/switched-out within 365 days from the date of allotment (w.e.f. 24th August 2017)

Performance Table


1 Year 3 Years 5 YearsSince InceptionFeb 25, 2010

1 Year 3 Years 5 YearsSince InceptionFeb 25, 2010

IDFC Regular Savings Fund 2.08% 6.72% 9.62% 8.96% 10,208 12,156 15,832 20,618

CRISIL Hybrid 85+15 - Conservative Index$

3.16% 8.33% 10.29% 8.65% 10,316 12,714 16,320 20,133

10 Year GOI## -2.90% 6.01% 6.49% 6.03% 9,710 11,916 13,699 16,379

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns.$CRISIL MIP Blended Index has been renamed as CRISIL Hybrid 85+15 - Conservative Index w.e.f. February 2018

SIP PERFORMANCE

Monthly SIP of ` 10,000 in IDFC Regular Savings Fund - Regular Plan - Growth


InceptionFeb 25, 2010

Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 8,40,000 NA 10,20,000

Total Value as on July 31, 2018 (`) 1,21,505 3,95,514 7,32,868 11,49,309 NA 15,02,164

Fund Returns (%) 2.35 6.22 7.94 8.82 NA 8.89

Total Value of CRISIL Hybrid 85+15 - Conservative Index#$ 1,22,694 4,02,855 7,50,184 11,63,591 NA 15,08,582

CRISIL Hybrid 85+15 - Conservative Index Returns (%)$ 4.21 7.45 8.88 9.16 NA 8.99

Total Value of CRISIL 10 Year Gilt Index## 1,19,851 3,78,125 6,93,838 10,44,554 NA 13,33,476

CRISIL 10 Year Gilt Index Returns (%)## -0.23 3.22 5.76 6.14 NA 6.18


NAV (`)

Regular Plan Dividend 12.6561

Regular Plan Growth 20.6176

Regular Plan Quarterly Dividend 12.8768

Riskometer



To provide regular income and capital •appreciation over medium to long term.Investment predominantly in debt and money •market instruments and balance exposure in equity and equity related securities.


PORTFOLIO



8.20% - 2022 G-Sec SOV 48.40%


Tata Power Company AA 6.60%

Rural Electrification Corporation AAA 2.23%

HDFC Bank AAA 1.61%

Blue Dart Express AA 1.54%

National Highways Auth Of Ind AAA 0.44%

Equity 24.80%

Banks 4.11%HDFC Bank 2.09%Kotak Mahindra Bank 0.68%

IndusInd Bank 0.48%

Bandhan Bank 0.33%

RBL Bank 0.27%

City Union Bank 0.26%

Finance 3.22%HDFC 1.55%Bajaj Finserv 0.60%

M&M Financial Services 0.56%

Magma Fincorp 0.26%

Mas Financial Services 0.26%



Asian Paints 0.29%

Dabur India 0.28%

Nestle India 0.28%

Britannia Industries 0.27%

GlaxoSmithKline Consumer Healthcare 0.27%


Majesco 0.26%





Aurobindo Pharma 0.34%

Cadila Healthcare 0.32%

Natco Pharma 0.24%



Asahi India Glass 0.29%

MRF 0.29%

Sandhar Technologies 0.29%

Apollo Tyres 0.28%

Minda Industries 0.24%





Supreme Industries 0.38%

Astral Poly Technik 0.32%

AIA Engineering 0.28%


Gas 0.59%

GAIL (India) 0.31%

Petronet LNG 0.27%

Chemicals 0.58%


Pidilite Industries 0.28%


Titan Company 0.28%

Khadim India 0.26%




Security and Intelligence Services (India) 0.33%

Retailing 0.28%

Avenue Supermarts 0.28%

Cement 0.27%

Sagar Cements 0.27%

Power 0.27%


Miscellaneous 0.25%

Apollo Pipes 0.25%


Grand Total 100.00%

Asset Quality

AAA Equivalent89.18%

AA10.82%


20

IDFC Asset Allocation Fund of FundsAn open ended fund of fund scheme investing in schemes of IDFC Mutual Fund - equity funds and

debt funds excluding Gold ETF.

31st July 2018

FUND FEATURES

NAV (`)


IDFC Asset Allocation Fund - Conservative Plan

Category: Fund of Funds (Domestic)




Fund Manager: Mr. Arpit Kapoor (w.e.f. April 18, 2018)

Expense Ratio

Regular 1.01% Direct 0.11%

Benchmark: 15% S&P BSE 200 + 80% CRISIL Short Term Index + 5% Gold Prices (w.e.f. May 28, 2018)

SIP (Minimum Amount) : `1,000/-


SIP Dates (Monthly) Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.


Minimum Investment Amount : ` 5,000/- and any amount thereafter

Option Available : Growth, Dividend - (Payout, Reinvestment and Sweep)

Exit Load: 1.50% if redeemed before 18 months from the date of allotment.

FUND FEATURES FUND FEATURES

IDFC Asset Allocation Fund - Moderate Plan






Expense Ratio










IDFC Asset Allocation Fund - Aggressive Plan






Expense Ratio










NAV (`)


NAV (`)


Riskometer



To generate capital appreciation and income •over long term.

Investment in different IDFC Mutual Fund •schemes based on a defined asset allocation model.


Riskometer

Investors understand that their principal will be at Moderate risk





Riskometer






PORTFOLIO

Name ConservativePlan

ModeratePlan

AggressivePlan

CBLO 2.60% 0.49% 1.08%

Clearing Corporation of India 2.60% 0.49% 1.08%

Debt 73.33% 57.81% 30.39%

IDFC Low Duration Fund 48.03% 35.50% 9.53%

IDFC Bond Fund -Short Term Plan 25.30% 18.37% 15.44%

IDFC Cash Fund - 3.95% 5.42%

Equity 23.87% 41.21% 68.35%

IDFC Core Equity Fund 6.44% 10.25% 8.61%

IDFC Sterling Value Fund - 10.09% 19.42%

IDFC Multicap Fund Fund 4.82% 10.32% 19.94%

IDFC Large Cap Fund 12.60% 10.55% 20.39%

Net Current Asset 0.20% 0.49% 0.18%

Grand Total 100.00% 100.00% 100.00%

PORTFOLIO FUND FEATURES

Standard Allocation % to net assets

ParticularsConservative

Plan

Moderate

Plan

Aggressive

Plan

Equity Funds (including

Offshore equity)10-30% 25-55% 40-80%

Debt Funds and/or

Arbitrage funds (including

Liquid fund)

35-90% 10-75% 0-40%

Alternate (including Gold/

Commodity based funds)0-30% 0-30% 0-30%

Debt and Money Market

Securities0-5% 0-5% 0-5%

(w.e.f. 28 May, 2018)

FUND FEATURES

21

Performance Table


1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception

IDFC Asset Allocation Fund - CP*^ 5.16% 7.78% 10.07% 8.85% 10,516 12,523 16,164 20,505

15% S&P BSE 200 + 80% CRISIL Short Term Index + 5% Gold Prices#$ 1.73% 7.82% 9.98% 8.45% 10,173 12,537 16,093 19,885

CRISIL 10 Year Gilt Index## -2.90% 6.01% 6.49% 6.07% 9,710 11,916 13,699 16,469

*Since Inception Regular Plan - Growth Feb 11, 2010.

Performance Table



IDFC Asset Allocation Fund - MP*^ 5.58% 8.28% 11.41% 9.88% 10,558 12,697 17,171 22,219

40% S&P BSE 200 + 55% CRISIL Short Term Index + 5% Gold Prices#$

0.77% 7.48% 9.77% 8.33% 10,077 12,419 15,941 19,698


*Since Inception Regular Plan - Growth Feb 11, 2010.

Performance Table



IDFC Asset Allocation Fund - AP*^ 6.18% 8.82% 13.16% 10.53% 10,618 12,889 18,563 23,356

65% S&P BSE 200 + 30% CRISIL Short Term Index + 5% Gold Prices#$

7.11% 10.19% 14.64% 10.84% 10,711 13,384 19,812 23,913


Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages. #Benchmark Returns. ##Alternate Benchmark Returns.*Inception Date of Regular Plan - Growth Feb 11, 2010. ^The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of IDFC Mutual Funds. $Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of CRISIL Hybrid 85+15 Conservative Index (Benchmark for IDFC Asset Allocation Fund- Conservative Plan and IDFC Asset Allocation Fund- Moderate Plan) and CRISIL Hybrid 35+65 - Aggressive Index (Benchmark for IDFC Asset Allocation Fund – Aggressive Plan)

IDFC Asset Allocation Fund of FundsAn Open Ended Fund of Funds Scheme

31st July 2018

IDFC All Season Bond FundAn open ended fund of fund scheme investing in debt oriented mutual fund schemes (including liquid and money market schemes) of IDFC Mutual Fund

31st July 2018

FUND FEATURES

About the Fund: All Seasons Bond Fund is a Fund of Fund (FOF) structure which can invest in one or more funds within our basket of short term offerings currently. The portfolio gives the fund manager the flexibility to play between debt and money market, benefiting from the accrual available in its space and optimizing the portfolio yields.

Category: Fund of Funds (Domestic) | Monthly Avg AUM: ` 162.20 Crores | Month end AUM: ` 162.41 Crores

Inception Date: 13 September 2004 | Fund Manager: Mr. Harshal Joshi (w.e.f 15th July 2016)

Other Parameter Asset Quality Expense Ratio

Standard Deviation (Annualized) 1.64% AAA Equivalent 97.92% Regular 0.62%

Modified Duration 1.29 years AA+ 1.72% Direct 0.14%

Average Maturity 1.51 years AA 0.36%

Yield to Maturity 8.20%

Benchmark: CRISIL Short Term Bond Fund Index (w.e.f. 30th November 2015) | SIP (Minimum Amount): ` 1,000/- | SIP Frequency: Monthly

SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment. | Investment Objective: Refer Pg No from 42 to 43

Minimum Investment Amount: ` 5,000/- and any amount thereafter | Option Available: Growth, Dividend - Daily, Weekly, Fortnightly, Quarterly, Half Yearly, Annual & Periodic

Exit Load: 0.50% if redeemed or switched before 3 months (w.e.f. 09th October 2013)

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 27.1241Regular Plan Dividend Quarterly 12.4986Regular Plan Dividend Half Yearly 11.8857Regular Plan Dividend Annual 11.7254Regular Plan Dividend Fortnightly 11.0406Regular Plan Dividend Daily 11.0156Regular Plan Dividend Weekly 10.9624Regular Plan Dividend Periodic 13.4111

PORTFOLIO

Name % of NAV

Mutual Fund Units 99.97%

IDFC Bond Fund - Short Term Plan 70.08%

IDFC Low Duration Fund 29.89%


Grand Total 100.00%

Riskometer

Investors understand that their principal will be at Moderately Low Risk


To generate short to medium term •optimal returns.Investment in debt oriented schemes of •IDFC Mutual Fund.



1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since InceptionIDFC All Seasons Bond Fund* 3.85% 6.95% 7.97% 7.45% 10,385 12,234 14,673 27,124CRISIL Short Term Bond Fund Index# 4.69% 7.46% 8.54% 7.42% 10,469 12,410 15,070 27,033CRISIL 1 Year T-Bill## 5.69% 6.57% 7.36% 6.06% 10,569 12,106 14,268 22,628

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages. #Benchmark Returns. ##Alternate Benchmark Returns. *Inception Date of Regular Plan - Growth Sep 13, 2004.

22

IDFC Cash FundAn Open Ended Liquid Fund

31st July 2018


About the Fund: The Fund aims to invest in high quality debt and money market instruments with high liquidity and seeks to generate accrual income with low volatility.

Category: Liquid



Inception Date: 2 July 2001

Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015) & Mr. Anurag Mittal (w.e.f. 09th November 2015)

Other Parameter:


Modified Duration 29 days

Average Maturity 29 days


Expense Ratio

Regular 0.14%

Direct 0.04%

Benchmark: CRISIL Liquid Fund Index





Minimum Investment Amount: ` 100/- and any amount thereafter

Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic

Exit Load: Nil

NAV (`)

Plan Option Freq NAV

Regular Plan Growth - 2153.4485

Regular Plan Dividend Daily 1001.0846

Regular Plan Dividend Weekly 1001.8720

Regular Plan Dividend Periodic 1420.0508

Regular Plan Dividend Monthly 1000.5260



NABARD A1+ 7.12%

Small Industries Dev Bank of India A1+ 6.31%

Reliance Jio Infocomm A1+ 5.52%

Vedanta A1+ 5.35%

Tata Capital Housing Finance A1+ 4.95%

LIC Housing Finance A1+ 4.08%

Reliance Industries A1+ 2.90%

Aditya Birla Finance A1+ 2.77%

India Infoline Finance A1+ 2.38%

Power Finance Corporation A1+ 2.38%

Tata Motors Finance A1+ 2.38%

Indiabulls Housing Finance A1+ 2.38%

Piramal Enterprises A1+ 2.18%

NTPC A1+ 2.13%

IIFL Home Finance A1+ 1.98%

Trapti Trading & Invest Pvt A1+ 1.98%

Adani Ports and Special Economic Zone A1+ 1.98%

RELIANCE RETAIL A1+ 1.98%

TMF Holdings A1+ 1.59%

GIC Housing Finance A1+ 1.59%

TATA Realty & Infrastructure A1+ 1.59%

M&M Financial Services A1+ 1.58%

Tata Motors A1+ 1.58%

Shriram Transport Finance Company A1+ 1.58%

Axis Finance A1+ 1.58%

Tata Housing Development Company A1+ 1.58%

Larsen & Toubro A1+ 1.38%

Kotak Securities A1+ 1.19%

JM Financial A1+ 1.19%

ICICI Securities A1+ 0.79%



Inception1 Year 3 Years 5 Years

SinceInception

IDFC Cash Fund* 6.94% 7.23% 8.02% 7.84% 10,694 12,331 14,712 21,534

CRISIL Liquid Fund Index# 7.04% 7.22% 8.11% 7.55% 10,704 12,328 14,769 20,956

1 Year T-Bill## 5.69% 6.57% 7.36% 6.40% 10,569 12,106 14,268 18,788

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Jun 04, 2008.

Riskometer

Investors understand that their principal will be at Low Risk


To generate short term optimal returns with •stability and high liquidity.Investments in money market and debt •instruments, with maturity up to 91 days.


Asset Quality



Bajaj Finance A1+ 0.79%

Kotak Mahindra Investments A1+ 0.79%

Kotak Mahindra Prime A1+ 0.79%

HDB Financial Services A1+ 0.79%

Cholamandalam Invt and Fin Co A1+ 0.79%

HDFC A1+ 0.79%

JM Financial Credit Solution A1+ 0.67%

Hero Fincorp A1+ 0.59%

National Housing Bank A1+ 0.59%

JM Financial Services A1+ 0.40%

Shriram City Union Finance A1+ 0.40%

Godrej Properties A1+ 0.39%

Network18 Media & Investments A1+ 0.39%

Godrej Industries A1+ 0.32%

JM Financial Products A1+ 0.32%

Treasury Bill 9.12%

70 Days CMB (MD 21/08/2018) SOV 9.12%


IndusInd Bank A1+ 2.95%

Yes Bank A1+ 2.76%

RBL Bank A1+ 1.19%

Axis Bank A1+ 0.73%


Bajaj Finance AAA 0.72%

M&M Financial Services AAA 0.72%

Kotak Mahindra Prime AAA 0.40%

Indiabulls Housing Finance AAA 0.40%

Indian Railway Finance Corporation AAA 0.24%

Power Finance Corporation AAA 0.20%

LIC Housing Finance AAA 0.20%

Net Cash and Cash Equivalent -6.39%

Grand Total 100.00%

23

IDFC Ultra Short Term FundAn open-ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months 31st July 2018


About the Fund: The Fund aims to invest in high quality debt and money market instruments with average maturity of 3 to 6 months and seeks to generate stable returns with a low risk strategy.

Category: Ultra Short Duration



Inception Date: 18th July 2018

Fund Manager: Mr. Harshal Joshi (w.e.f. 15th September 2015)

Other Parameter:




Expense Ratio

Regular 0.30%

Direct 0.10%






Minimum Investment Amount: `100/- and any amount thereafter

Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic

Exit Load: Nil

NAV (`)







Regular Plan Dividend Quarterly 10.0271





Housing Development Finance Corporation

AAA 7.89%

Cholamandalam Investment and Finance Company

AA+ 4.41%

National Bank For Agriculture and Rural Development

AAA 4.40%


Power Grid Corporation of India AAA 1.77%




Yes Bank A1+ 7.16%


Reliance Jio Infocomm A1+ 7.79%

L&T Finance A1+ 5.27%

Power Finance Corporation A1+ 1.40%


Grand Total 100.00%

Asset Quality

AA+4.41%


Riskometer



To generate returns over short-term investment •horizon with a low risk strategy

To invest in debt and money market instruments*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The scheme has been in existence for less than 1 year, hence performance has not been disclosed.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages

24

IDFC Low Duration Fund(previously known as IDFC Ultra Short Term Fund)An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months31st July 2018


About the Fund: The Fund aims to invest in high quality debt and money market instruments and seeks to generate returns predominantly through accrual income.

Category: Low Duration



Inception Date: 17 January 2006

Fund Manager: Mr. Anurag Mittal (w.e.f. 09th November 2015)

Other Parameter:





Expense Ratio

Regular 0.54%

Direct 0.27%







Option Available: Growth, Dividend - Daily, Weekly, Monthly, Quarterly & Periodic

Exit Load: Nil (Since 29th June 2012)

NAV (`)










Small Industries Dev Bank of India AAA 6.64%

HDFC AAA 4.48%





Gruh Finance AAA 2.95%


Tata Housing Development Company

AA 2.45%

JM Financial Products AA 1.77%

L & T Housing Finance AAA 1.75%

NABARD AAA 1.70%

JM Financial Credit Solution AA 1.53%


Cholamandalam Invt and Fin Co AA+ 1.06%

NTPC AAA 0.83%


L&T Finance AAA 0.59%


Kotak Mahindra Investments AAA 0.18%




Yes Bank A1+ 5.46%




SinceInception

IDFC Low Duration Fund*^ 6.24% 7.63% 8.49% 7.61% 10,624 12,471 15,031 25,092

CRISIL Liquid Fund Index 7.04% 7.22% 8.11% 7.43% 10,704 12,328 14,769 24,570

1 Year T-Billl## 5.69% 6.57% 7.36% 6.23% 10,569 12,106 14,268 21,341

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Jan 17, 2006.^The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. may 28, 2018.

Riskometer



To generate short term optimal returns with •relative stability and high liquidity.Investments in debt and money market •instruments such that the Macaulay duration of the portfolio is between 6 months- 12 months.




Axis Bank A1+ 4.35%

Export Import Bank of India A1+ 1.94%

ICICI Bank A1+ 1.13%

Kotak Mahindra Bank A1+ 1.03%

NABARD A1+ 0.07%


Shapoorji Pallonji and Company Pvt A1+ 3.90%


Tata Power Company A1+ 2.30%

HDFC A1+ 2.27%

LIC Housing Finance A1+ 1.77%

Azim Premji Trust A1+ 1.76%



Tata Housing Development Company

A1+ 1.18%





Bharti Telecom AA+ 0.15%


7.55% Maharastra SDL - 2021 SOV 0.03%


Grand Total 100.00%

Asset Quality

AA5.75%


AA+1.21%

25

IDFC Money Manager Fund (The Fund has been repositioned as IDFC Money Manager Fund w.e.f. Monday, June 04, 2018) An Open Ended Income Fund31st July 2018


About the Fund: The Fund aims to invest only in short maturity, highly rated debt and money market instruments and seeks to generate returns predominantly through accrual income.

Nature: Debt




Fund Manager: Mr. Anurag Mittal & Harshal Joshi (w.e.f. 15th May 2017)

Other Parameter:





Expense Ratio

Regular 1.19%

Direct 0.61%

Benchmark: CRISIL Liquid Fund Index (w.e.f 23rd July, 2015)






Option Available: Growth, Dividend - Daily, Weekly, Monthly & Periodic

Exit Load: Nil

NAV (`)









NABARD AAA 9.69%


HDFC AAA 7.59%



HDB Financial Services AAA 3.62%

Shriram Transport Finance Company AA+ 3.59%

Mahindra Rural Housing Finance AA+ 3.59%




Tata Capital Financial Services AA+ 1.80%

NHPC AAA 0.44%




SinceInception

IDFC Money Manager Fund*^ 5.27% 6.82% 7.76% 6.76% 10,527 12,191 14,536 27,480

CRISIL Liquid Fund Index# 7.04% 7.22% 8.11% 6.85% 10,704 12,328 14,769 27,863

1 Year T-Bill## 5.69% 6.57% 7.36% 5.93% 10,569 12,106 14,268 24,375

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data*Inception Date of Regular Plan - Growth Feb 18, 2003.^The fund is being repositioned from a free float fund to a money market fund w.e.f. June 4, 2018.

Riskometer



To generate short term optimal returns with •relative stability and high liquidity.Investments predominantly in money market •instruments.







Axis Bank A1+ 5.55%

Yes Bank A1+ 3.46%




HDFC A1+ 2.98%

Azim Premji Trust A1+ 1.79%



Grand Total 100.00%

Asset Quality

AA+8.97%


26

IDFC Banking & PSU Debt Fund An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds31st July 2018


About the Fund: The Fund will predominantly invest in high quality money market and debt instruments of Banks, PSU and PFI.

Category: Banking and PSU




Fund Manager: Mr. Anurag Mittal (w.e.f. 15th May 2017)

Other Parameter:


Modified Duration 3.11 years

Average Maturity 3.98 years


Expense Ratio

Regular 0.53%

Direct 0.32%

Benchmark: CRISIL Short Term Bond Fund Index (w.e.f. 12th June 2017)






Option Available: Growth, Dividend - Daily, Fortnightly, Monthly (Reinvestment), Quarterly (Payout), Annual (Payout) & Periodic

Exit Load: Nil (w.e.f. June 12th 2017)

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 14.9299Regular Plan Dividend - 10.8609Regular Plan Dividend Fortnightly 10.2011Regular Plan Dividend Daily 10.0973Regular Plan Dividend Monthly 10.1618Regular Plan Dividend Quarterly 10.6431Regular Plan Dividend Annual 10.1466




NABARD AAA 10.89%


ICICI Bank AAA 10.38%


Reliance Industries AAA 10.29%


Food Corporation Of India AAA(SO) 9.06%


Bharat Petroleum Corporation AAA 2.67%


8.62% Maharashtra SDL - 2023 SOV 3.65%

8.68% Gujarat SDL - 2023 SOV 1.46%

8.42% Tamilnadu SDL - 2023 SOV 1.16%

8.48% Tamilnadu SDL - 2023 SOV 0.58%


Grand Total 100.00%




SinceInception

IDFC Banking & PSU Debt Fund* 4.61% 6.61% 7.79% 7.70% 10,461 12,118 14,557 14,930

CRISIL Short Term Bond Fund Index# 4.69% 6.48% 7.66% 7.63% 10,469 12,075 14,466 14,877

1 Year T-Bill## 5.69% 6.57% 7.36% 6.94% 10,569 12,106 14,268 14,373

Current Index performance adjusted for the period from since inception to June 12, 2017 with the performance of CRISIL Short Term Bond Fund Index (Benchmark) & 1 Year T-Bill (Alternate Benchmark)Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Current Index performance adjusted for the period from since inception to June 12, 2017 with the performance of CRISIL Liquid Fund Index (Benchmark)Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Mar 07, 2013.The Fund (erstwhile IDFC Banking Debt Fund) has been repositioned with effect from June 12, 2017.

Riskometer

Investors understand that their principal will be at Moderate Risk


To generate optimal returns over short to •medium term.Investments predominantly in debt & money •market instruments issued by PSU, Banks & PFI.


Asset Quality


27

IDFC Corporate Bond FundAn open ended debt scheme predominantly investing in AA+ and above rated corporate bonds.

31st July 2018


About the Fund: The fund focuses on delivering returns through investment in the corporate bond segment. The fund will not have weighted average portfolio maturity of more than 5 years and shall not invest in G Secs.

Category: Corporate Bond



Inception Date: 12 January 2016

Fund Manager: Mr. Anurag Mittal (w.e.f. 12th January 2016)

Other Parameter:





Expense Ratio

Regular 0.55%

Direct 0.23%

Benchmark: CRISIL Short Term Bond Fund Index






Option Available: Dividend-Monthly, Quarterly, Half Yearly, Annual & Periodic

Exit Load: Nil

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 12.0408Regular Plan Dividend - N.ARegular Plan Dividend Periodic 11.5088Regular Plan Dividend Monthly 10.5209Regular Plan Dividend Half

Yearly10.8326

Regular Plan Dividend Quarterly 10.5438Regular Plan Dividend Annual 10.3564



*NABARD AAA 11.89%


HDFC AAA 11.60%








Tata Sons AAA 2.53%


Housing & Urban Development Corporation AAA 2.14%


Gruh Finance AAA 1.75%



Larsen & Toubro AAA 1.02%

NHPC AAA 0.67%

*Nabha Power AAA(SO) 0.61%

Mahindra Vehicle Mfg AAA 0.45%

Sundaram Finance AAA 0.23%

Axis Finance AAA 0.22%

NTPC AAA 0.09%





Bajaj Housing Finance AAA 0.02%




Grand Total 100.00%




SinceInception

IDFC Corporate Bond Fund* 4.62% NA NA 7.55% 10,462 NA NA 12,041

CRISIL Short Term Bond Fund Index# 4.69% NA NA 7.31% 10,469 NA NA 11,971

1 Year T-Bill## 5.69% NA NA 6.35% 10,569 NA NA 11,700

The scheme has been in existence for more than 1 year but less than 3 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Jan 12, 2016.

Riskometer

Investors understand that theirprincipal will be at Moderate risk


To generate medium to long term optimal •returns.Investments predominantly in high quality •corporate bonds.


Asset Quality


Maturity Bucket

% NAV

0 10 20 30 40 50 60 70 80 90 100

Upto 1 year

1-3 years

Above 3 years

6.77

0.25

92.98

*Corporate guarantee from L&T

28




SinceInception

IDFC Credit Risk Fund* 3.65% NA NA 5.55% 10,365 NA NA 10,792

80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index#

4.67% NA NA 6.49% 10,467 NA NA 10,928

1 Year T-Bill## 5.69% NA NA 5.70% 10,569 NA NA 10,813

The scheme has been in existence for more than 1 year but less than 3 years.Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Mar 3, 2017.

IDFC Credit Risk Fund(previously known as IDFC Credit Opportunities Fund)An open ended debt scheme predominantly investing in AA and below rated corporate bonds31st July 2018


About the Fund: IDFC Credit Risk Fund aims to provide an optimal risk-reward profile to investors by focusing on companies with well-run management and evolving business prospects or good businesses with improving financial profile.

Category: Credit Risk




Fund Manager: Mr. Arvind Subramanian (w.e.f. 03rd March 2017) and Khushboo Sharma (w.e.f. 15th May 2017)

Other Parameter:





Expense Ratio

Regular 1.64%

Direct 0.40%

Benchmark: 80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index






Option Available: Growth & Dividend (Payout, Reinvestment & Sweep facility)

Exit Load: 1% if redeemed/switched out within 365 days from the date of allotment

NAV (`)




Regular Plan Dividend Annual 10.1918

Regular Plan Dividend Half Yearly

10.2339




IndusInd Bank AA 9.26%

Piramal Enterprises AA 6.09%

Tata Housing Development Company AA 6.04%


Axis Bank AA+ 5.14%

Hindalco Industries AA 4.57%

Afcons Infrastructure AA 4.38%

IndoStar Capital Finance AA- 4.06%


*Walwhan Renewable Energy AA(SO) 3.89%

IIFL Home Finance AA 3.63%

MAHINDRA RURAL HOUSING FINANCE AA+ 3.23%

JM Financial Products AA 2.85%

Tata Power Company AA- 2.47%

Tata Power Company AA 2.37%

Tata Motors AA 2.08%

Idea Cellular AA 2.03%

Vedanta AA 2.02%

L & T Housing Finance AA+ 2.01%

NABARD AAA 1.99%


*Tata Power Renewable Energy AA(SO) 1.97%


Sundaram BNP Paribas Home Finance AA+ 1.63%

JM Financial Credit Solution AA 1.63%


Tata Steel AA 1.23%





Aditya Birla Fashion and Retail AA 1.35%


Grand Total 100.00%

Riskometer

Investors understand that their principal will be at Moderate risk


To generate optimal returns over medium to •long term.To predominantly invest in a portfolio of •corporate debt securities across the credit spectrum.


Asset Quality

*Corporate Guarantee from Tata Power

AAA Equivalent

AA

AA- AA+

26.09%

55.37%

6.53% 12.01%

Maturity Bucket

% NAV

0 10 20 30 40 50 60 70

Upto 1 year

1-3 years

Above 3 years

24.46

36.06

39.48

29

IDFC Bond Fund – Short Term Plan(IDFC MMF IP has been merged with IDFC Bond Fund – Short Term Plan w.e.f. May 14, 2018)(previously known as IDFC Super Saver Income Fund - Short Term Plan)An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years31st July 2018


About the Fund: A Short Term Income Fund, the portfolio is mostly a mix of short duration debt and money market instruments. The average portfolio maturity will not ordinarily exceed around 2 years.

Category: Short Duration




Fund Manager: Mr. Suyash Choudhary (Since 11th March 2011)

Other Parameter:





Expense Ratio

Regular 0.79%

Direct 0.28%

Benchmark: CRISIL AAA Short Term Index

(w.e.f. 26th September 2016)






Option Available: Growth, Dividend - Fortnightly (Payout, Reinvestment & Sweep), Monthly & Periodic

Exit Load: Nil (w.e.f. 23rd May 2016)

NAV (`)




Regular Plan Dividend Fortnightly 10.3462



Regular Plan Dividend Annual 10.1476





HDFC AAA 9.83%

NABARD AAA 9.75%








Reliance Jio Infocomm AAA 1.57%


NTPC AAA 1.26%



NLC India AAA 0.87%

UltraTech Cement AAA 0.76%


HDFC Bank AAA 0.03%



Axis Bank A1+ 1.29%

Yes Bank A1+ 0.91%



HDFC A1+ 0.39%


Grand Total 100.00%




SinceInception

IDFC Bond Fund – Short Term Plan* 4.49% 6.93% 8.12% 7.50% 10,449 12,230 14,777 35,807

CRISIL AAA Short Term Bond Index# 5.45% 7.67% 8.70% NA 10,545 12,484 15,179 NA

CRISIL 1 Year T-Bill## 5.69% 6.57% 7.36% 6.28% 10,569 12,106 14,268 29,298

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Dec 14, 2000.

Riskometer



To generate optimal returns over short to medium •term.Investments in Debt & Money Market securities •such that the Macaulay duration of the portfolio is between 1 year and 3 years.


Maturity Bucket Asset Quality

% NAV

0 10 20 30 40 50 60 70

Upto 1 year

1-3 years

Above 3 years

32.75

44.45

22.80


30

IDFC Bond Fund – Medium Term Plan(previously known as IDFC Super Saver Income Fund – Medium Term Plan)An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 years and 4 years31st July 2018


About the Fund: The fund is positioned in the short term fund category and invests in a mix of debt and money market instruments. The overall average maturity of the fund will ordinarily not exceed around 4 years. MT is best suited for investors who want moderate participation. The around 4 year average maturity cap makes the fund well suited to offer lower volatility yet benefit from potential fall in interest rates.

Category: Medium Duration




Fund Manager: Mr. Suyash Choudhary (w.e.f. 15th September 2015)

Other Parameter:





Expense Ratio

Regular 1.46%

Direct 0.77%

Benchmark: CRISIL Short Term Bond Fund Index






Option Available: Growth, Dividend - Daily, Fortnightly (Payout & Reinvestment), Monthly, Bi - Monthly (once in two months), Quarterly & Periodic

Exit Load: 0.50% if redeemed/switched-out within 6 (six) months from the date of allotment (w.e.f. 11th May 2017)

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 29.3999Regular Plan Dividend BiMonthly 11.6442Regular Plan Dividend Fortnightly 10.1780Regular Plan Dividend Monthly 10.1690Regular Plan Dividend Daily 10.2092Regular Plan Dividend Quarterly 10.8422Regular Plan Dividend Periodic 13.4251






NABARD AAA 8.05%




HDFC AAA 3.27%


NLC India AAA 0.97%


HDFC Bank AAA 0.39%



6.84% - 2022 G-Sec SOV 13.02%

8.20% - 2022 G-Sec SOV 4.45%

7.16% - 2023 G-Sec SOV 2.25%


Axis Bank A1+ 2.45%



HDFC A1+ 0.92%


8.39% Rajasthan UDAY BOND - 2019 SOV 0.06%

8.68% Gujarat SDL - 2023 SOV 0.0002%


Grand Total 100.00%




SinceInception

IDFC Bond Fund – Medium Term Plan* 3.31% 6.88% 7.83% 7.42% 10,331 12,213 14,579 29,400

CRISIL Short Term Bond Fund Index# 4.69% 7.46% 8.54% 7.13% 10,469 12,410 15,070 28,254

1 Year T-Bill## 5.69% 6.57% 7.36% 5.92% 10,569 12,106 14,268 23,806

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Jul 08, 2003. Gsec/SDL yields have been annualized wherever applicable

Riskometer



To generate optimal returns over medium term.•Investments in Debt & Money Market securities •such that the Macaulay duration of the portfolio is between 3 years and 4 years.




% NAV

0 10 20 30 40 50 60

Upto 1 year

1-3 years

Above 3 years

42.28

33.73

24.00

31

IDFC Bond Fund – Income Plan(The fund has been repositioned to Medium to Long Term category w.e.f. July 12, 2018)(previously known as IDFC Super Saver Income Fund – Investment Plan)An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 years and 7 years 31st July 2018


About the Fund: An actively managed bond fund which seeks to invest in highly rated money market and debt instruments (including government securities) and aims to generate stable long term returns through mix of accrual income and capital appreciation.

Category: Medium to Long Duration




Fund Manager: Mr. Suyash Choudhary (Since 15th October 2010)

Other Parameter:





Expense Ratio

Regular 1.77%

Direct 1.01%

Benchmark: CRISIL Composite Bond Fund Index






Option Available: Growth, Dividend - Quarterly, Half Yearly, Annual & Periodic

Exit Load: If redeemed/switched out within 365 days from the date of allotment: For 10% of investment : Nil, For remaining investment : 1%

If redeemed/switched out after 365 days from the date of allotment: Nil

NAV (`)

Plan Option Freq NAVRegular Plan Dividend Quarterly 11.4475Regular Plan Growth - 41.4873Regular Plan Dividend Annual 11.4046Regular Plan Dividend Half

Yearly11.4338




6.84% - 2022 G-Sec SOV 25.30%

7.59% - 2026 G-Sec SOV 20.37%

8.20% - 2022 G-Sec SOV 19.61%

7.37% - 2023 G-Sec SOV 14.74%

7.16% - 2023 G-Sec SOV 7.72%

7.35% - 2024 G-Sec SOV 4.59%

7.73% - 2034 G-Sec SOV 0.04%




Grand Total 100.00%




SinceInception

IDFC Bond Fund – Income Plan* -0.33% 6.62% 7.57% 8.20% 9,967 12,121 14,404 41,487

CRISIL Composite Bond Fund Index# 1.48% 7.52% 8.81% NA 10,148 12,431 15,258 NA

10 Year GOI## -2.90% 6.01% 6.49% NA 9,710 11,916 13,699 NA

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Jul 14, 2000. Gsec/SDL yields have been annualized wherever applicable

Riskometer



To generate optimal returns over Long term.•Investments in Debt & Money Market securities •such that the Macaulay duration of the portfolio is between 4 years and 7 years



AAA Equivalent

100.00%

1.93

2.93

24.96

70.14

0.04

% NAV

0 20 40 60 80 100

Upto 1 year

1-3 years

3-5 years

5-10 years

Above 10 years

32

IDFC Dynamic Bond FundAn open ended dynamic debt scheme investing across duration

31st July 2018


About the Fund: The fund is positioned in the income fund category to take exposure across the curve depending upon the fund manager’s underlying interest rate view where we employ the majority of the portfolio. It is a wide structure and conceptually can go anywhere on the curve. The fund plays the trade of the season which we think will sustain for a longer period of time.

Category: Dynamic Bond




Fund Manager: Mr. Suyash Choudhary (Since 15th October 2010)

Other Parameter:





Expense Ratio

Regular 1.59%

Direct 0.82%

Benchmark: CRISIL Composite Bond Fund Index






Option Available: Growth, Dividend - Quarterly (March, June, September & December), Half Yearly, Annual, Regular & Periodic

Exit Load: Nil (w.e.f. 17th October 2016)

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 20.7708Regular Plan Dividend - 10.6542Regular Plan Dividend Quarterly 10.8140Regular Plan Dividend Annual 10.8882Regular Plan Dividend Half

Yearly10.3427




6.84% - 2022 G-Sec SOV 28.47%

8.20% - 2022 G-Sec SOV 19.99%

7.59% - 2026 G-Sec SOV 15.30%

7.37% - 2023 G-Sec SOV 14.32%

7.16% - 2023 G-Sec SOV 8.52%

7.35% - 2024 G-Sec SOV 4.32%

7.17% - 2028 G-Sec SOV 0.01%

8.20% - 2025 G-Sec SOV 0.004%




Grand Total 100.00%




SinceInception

IDFC Dynamic Bond Fund* 0.07% 6.91% 7.81% 7.86% 10,007 12,220 14,565 20,771

CRISIL Composite Bond Fund Index# 1.48% 7.52% 8.81% 7.79% 10,148 12,431 15,258 20,650

10 Year GOI## -2.90% 6.01% 6.49% 5.35% 9,710 11,916 13,699 16,544

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. Standard Deviation calculated on the basis of 1 year history of monthly dataFor other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages #Benchmark Returns. ##Alternate Benchmark Returns. *Inception Date of Regular Plan - Growth Dec 03, 2008. Gsec/SDL yields have been annualized wherever applicable

Riskometer



To generate long term optimal returns by active •management.Investments in money market & debt •instruments including G-Sec across duration.




2.85

3.55

19.63

73.97

0.00

% NAV

0 20 40 60 80 100

Upto 1 year

1-3 years

3-5 years

5-10 years

Above 10 years

33

IDFC Government Securities Fund - Constant Maturity Plan(previously known as IDFC Government Securities Fund – Short Term Plan)An open ended debt scheme investing in government securities having a constant maturity of 10 years31st July 2018


About the Fund: The fund is a mix of government bonds,

state development loans (SDLs), treasury bills and/or

cash management bills. The fund will predominantly

invest at the shorter end of the sovereign yield curve.

Category: Gilt Fund with 10 year constant duration




Fund Manager:

Mr. Harshal Joshi (w.e.f. 15th May 2017)

Other Parameter:





Expense Ratio

Regular 0.49%

Direct 0.40%

Benchmark: CRISIL 10 year Gilt Index (w.e.f. 28th

May 2018)





Minimum Investment Amount: ` 5,000/- and any

amount thereafter

Option Available: Growth, Dividend - Weekly,

Monthly, Quarterly & Periodic.

Exit Load: Nil. Yields for GSec/SDLs have been

annualized wherever applicable.

NAV (`)

Plan Option Freq NAVRegular Plan Growth - 25.7446


Regular Plan Dividend Annual N.A






7.17% - 2028 G-Sec SOV 48.21%

8.20% - 2025 G-Sec SOV 25.56%

7.59% - 2026 G-Sec SOV 24.74%


Grand Total 100.00%




SinceInception

IDFC Government Securities Fund - Constant Maturity Plan*^

4.45% 7.95% 9.38% 5.93% 10,445 12,582 15,659 25,745

CRISIL 10 year Gilt Index# 4.89% 7.31% 8.17% NA 10,489 12,359 14,809 NA

CRISIL 1 Year T-Bill## 5.69% 6.57% 7.36% 5.95% 10,569 12,106 14,268 25,818

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future. The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages. #Benchmark Returns. ##Alternate Benchmark Returns. *Inception Date of Regular Plan - Growth Mar 09, 2002. Standard Deviation calculated on the basis of 1 year history of monthly data Gsec/SDL yields have been annualized wherever applicable^The fund is repositioned w.e.f. May 28, 2018

Riskometer



To generate optimal returns over long term.•Investments in Government Securities such that •the average maturity of the portfolio is around 10 years.



Sovereign100.00%% NAV

Upto 1 year

1-3 years

Above 3 years

1.50

0.00

98.50

0 20 40 60 80 100

34

PORTFOLIO



7.59% - 2026 G-Sec SOV 39.78%

7.37% - 2023 G-Sec SOV 14.54%

8.20% - 2022 G-Sec SOV 12.33%

6.84% - 2022 G-Sec SOV 9.41%

7.35% - 2024 G-Sec SOV 9.10%

7.16% - 2023 G-Sec SOV 8.71%

8.20% - 2025 G-Sec SOV 1.97%

7.17% - 2028 G-Sec SOV 0.56%


Grand Total 100.00%




SinceInception

IDFC Government Securities Fund – IP*

-0.63% 7.02% 7.96% 7.69% 9,937 12,259 14,672 20,467

I-Sec Composite Index# 1.89% 7.67% 8.92% 7.77% 10,189 12,483 15,333 20,608

CRISIL 10 Year GOI## -2.90% 6.01% 6.49% 5.35% 9,710 11,916 13,699 16,544

Performance based on NAV as on 31/7/2018. Past performance may or may not be sustained in future.The performances given are of regular plan growth option.Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.For other funds managed by the fund manager, please refer page no. 35 - 37 & the respective fund pages#Benchmark Returns. ##Alternate Benchmark Returns. Standard Deviation calculated on the basis of 1 year history of monthly data *Inception Date of Regular Plan - Growth Dec 03, 2008. Gsec/SDL yields have been annualized wherever applicable


Sovereign100.00%% NAV

0 20 40 60 80 100

Upto 1 year

1-3 years

3-5 years

5-10 years

Above 10 years

3.59

0.00

45.00

51.41

0.00

IDFC Government Securities Fund – Investment Plan(Government Securities Fund PF has been merged into Government Securities Fund IP w.e.f. May 7, 2018)An open ended debt scheme investing in government securities across maturities31st July 2018

FUND FEATURES

About the Fund: A dedicated gilt fund with an

objective to generate optimal returns with high

liquidity by investing in Government Securities.

Category: Gilt




Fund Manager:

Mr. Suyash Choudhary (Since 15th October 2010)

Other Parameter:





Asset Quality

Sovereign 100.00%

Expense Ratio

Regular 1.12%

Direct 0.47%

Benchmark: I-Sec Composite Index





Minimum Investment Amount: ` 5,000/- and any

amount thereafter

Option Available: Growth, Dividend - Quarterly,

Half Yearly, Annual, Regular & Periodic

Exit Load: Nil (w.e.f. 15th July 2011)

NAV (`)

Plan Option Freq NAVRegular Plan Dividend - 10.6730Regular Plan Growth - 20.4672Regular Plan Dividend Quarterly 10.9537Regular Plan Dividend Annual 10.8295Regular Plan Dividend Half

Yearly10.6361


Riskometer



To generate long term optimal returns.•Investments in Government Securities across •maturities.


35

Period 1 Year 3 Years 5 Years

ManagingSince

BenchmarkIndex

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

Fund Manager Name: Mr. Anoop Bhaskar

IDFC Core Equity Fund 30-04-2016 S&P BSE 200 7.35% 12.51% 12.27% 12.15% 17.15% 18.05%

IDFC Multi Cap Fund 30-04-2016 S&P BSE 500 8.69% 11.48% 8.01% 12.27% 21.91% 18.53%

IDFC Sterling Value Fund@1 30-04-2016 S&P BSE 500 7.62% 7.98% 13.38% 14.27% 23.74% 24.99%

IDFC Hybrid Equity Fund4 30-12-2016CRISIL Hybrid 35+65 - Aggressive Index

4.83% 8.71% NA NA NA NA

Mr. Anoop Bhaskar manages 6 schemes of IDFC Mutual Fund#.

Fund Manager Name: Mr. Anurag Mittal

IDFC Regular Savings Fund 09-11-2015CRISIL Hybrid 85+15 - Conservative Index

2.08% 3.16% 6.72% 8.33% 9.62% 10.29%

IDFC Cash Fund 09-11-2015 CRISIL Liquid Fund Index 6.94% 7.04% 7.23% 7.22% 8.02% 8.11%

IDFC Low Duration Fund6 09-11-2015 CRISIL Liquid Fund Index 6.24% 7.04% 7.63% 7.22% 8.49% 8.11%

IDFC Money Manager Fund7 09-11-2015 CRISIL Liquid Fund Index 5.27% 7.04% 6.82% 7.22% 7.76% 8.11%

IDFC Banking & PSU Debt Fund 15-05-2017CRISIL Short Term Bond Fund Index

4.61% 4.69% 6.61% 6.48% 7.79% 7.66%

IDFC Corporate Bond Fund 12-01-2016CRISIL Short Term Bond Fund Index

4.62% 4.69% NA NA NA NA

IDFC Hybrid Equity Fund4 30-12-2016CRISIL Hybrid 35+65 - Aggressive Index

4.83% 8.71% NA NA NA NA

Mr. Anurag Mittal manages 10 schemes of IDFC Mutual Fund£.

Fund Manager Name: Mr. Arpit Kapoor

IDFC Large Cap Fund2 01-03-2017 S&P BSE 100 10.66% 12.84% 10.54% 10.90% 14.33% 15.71%

IDFC Dynamic Equity Fund 01-03-2017CRISIL Hybrid 35+65 - Aggressive Index

9.01% 8.71% 7.04% 10.74% NA NA

IDFC Nifty Fund 01-03-2017 Nifty 50 13.72% 14.20% 10.89% 11.42% 15.50% 16.03%

IDFC Arbitrage Fund 01-03-2017 Nifty 50 Arbitrage Index** 5.97% 4.12% 6.05% 5.24% 7.14% 6.67%

IDFC Asset Allocation Fund of Fund - Aggressive Plan^5 18-04-2018

65% S&P BSE 200 + 30% CRISIL Short Term Index + 5% Gold Prices

6.18% 7.11% 8.82% 10.19% 13.16% 14.64%

IDFC Asset Allocation Fund of Fund - Conservative Plan^5 18-04-2018


5.16% 1.73% 7.78% 7.82% 10.07% 9.98%

IDFC Asset Allocation Fund of Fund - Moderate Plan^5 18-04-2018


5.58% 0.77% 8.28% 7.48% 11.41% 9.77%

Mr. Arpit Kapoor manages 7 schemes of IDFC Mutual Fund.

Performance Table (Others Funds Managed by the Fund Managers)

Performance based on NAV as on 31/7/2018. Past Performance may or may not be sustained in futureThe performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant**The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage Index w.e.f. April 01, 2018.#The performances of IDFC Equity Opportunity Series 5 and 6, which have not completed a year, have not been shown here. £The performances of IDFC Fixed Term Plan – Series 152, 154, 156 and 159, which have not completed a year, have not been shown here.^Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of CRISIL Hybrid 85+15 Conservative Index (Benchmark) and CRISIL Hybrid 35+65 - Aggressive Index (Benchmark) @Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of Nifty Mid Cap 100 total return index (Benchmark)1The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018.2The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 20174The fund has been repositioned from Balanced category to Aggressive Hybrid category w.e.f. April 30, 2018.5The fund has been repositioned w.e.f. May 28, 2018 and since will invest only in the schemes of IDFC Mutual Funds.6The fund has been repositioned from an ultra short term fund to a low duration fund w.e.f. may 28, 2018.7The fund is being repositioned from a free float fund to a money market fund w.e.f. June 4, 2018.

36


ManagingSince

BenchmarkIndex

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

Fund Manager Name: Mr. Arvind Subramanian


9.01% 8.71% 7.04% 10.74% NA NA

IDFC Credit Risk Fund 03-03-2017

80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index

3.65% 4.67% NA NA NA NA

Mr. Arvind Subramanian manages 2 schemes of IDFC Mutual Fund.

Fund Manager Name: Mr. Daylynn Pinto


20-10-2016 S&P BSE 200 9.96% 12.51% 11.25% 12.15% 22.05% 18.05%

IDFC Sterling Value Fund@1 20-10-2016 S&P BSE 500 7.62% 7.98% 13.38% 14.27% 23.74% 24.99%

Mr. Daylynn Pinto manages 2 schemes of IDFC Mutual Fund.

Fund Manager Name: Mr. Harshal Joshi


IDFC All Seasons Bond Fund 15-07-2016CRISIL Short-Term Bond Fund Index

3.85% 4.69% 6.95% 7.46% 7.97% 8.54%

IDFC Government Securities Fund - Constant Maturity Plan8 15-05-2017 CRISIL 10 year Gilt Index 4.45% 4.89% 7.95% 7.31% 9.38% 8.17%

IDFC Cash Fund 15-09-2015 CRISIL Liquid Fund Index 6.94% 7.04% 7.23% 7.22% 8.02% 8.11%

IDFC Money Manager Fund7 09-11-2015 CRISIL Liquid Fund Index 5.27% 7.04% 6.82% 7.22% 7.76% 8.11%

IDFC Yearly Series Interval Fund - Series II

12-02-2013CRISIL Short-Term Bond Fund Index

6.68% 4.69% 7.46% 7.46% 8.33% 8.54%

IDFC Fixed Term Plan - Series 129

10-03-2017CRISIL Composite Bond Fund Index

5.05% 1.48% NA NA NA NA

IDFC Fixed Term Plan - Series 131

31-03-2017CRISIL Composite Bond Fund Index

4.90% 1.48% NA NA NA NA

Mr. Harshal Joshi manages 21 schemes of IDFC Mutual Fund#.

Fund Manager Name: Mr. Rajendra Kumar Mishra

IDFC Infrastructure Fund 27-06-2013 Nifty Infrastructure -2.59% -5.67% 9.73% -0.07% 18.06% 9.21%

IDFC Equity Savings Fund3 01-03-201730% Nifty 50 + 70% CRISIL Liquid Fund Index

5.98% 10.34% 6.17% 8.31% 6.92% 8.77%

Mr. Rajendra Kumar Mishra manages 3 scheme of IDFC Mutual Fund.

Fund Manager Name: Mr. Sumit Agrawal

IDFC Large Cap Fund2 01-03-2017 S&P BSE 100 10.66% 12.84% 10.54% 10.90% 14.33% 15.71%


9.01% 8.71% 7.04% 10.74% NA NA

IDFC Nifty Fund 01-03-2017 Nifty 50 13.72% 14.20% 10.89% 11.42% 15.50% 16.03%

IDFC Focused Equity Fund 20-10-2016 Nifty 50 9.29% 14.20% 12.82% 11.42% 16.48% 16.03%

IDFC Regular Savings Fund 20-10-2016CRISIL Hybrid 85+15 - Conservative Index

2.08% 3.16% 6.72% 8.33% 9.62% 10.29%

Mr. Sumit Agrawal manages 7 schemes of IDFC Mutual Fund£.


Performance based on NAV as on 31/7/2018. Past Performance may or may not be sustained in futureThe performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.**The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage Index w.e.f. April 01, 2018.#The performances of IDFC Fixed Term Plan – Series 140 to 146, 150, 151, 153, 155, IDFC Yearly Interval Fund - Series II and IDFC Ultra Short Term Fund, which have not completed a year, have not been shown here.£The performances of IDFC Equity Opportunity Series 5 and 6, which have not completed a year, have not been shown here.The performances of IDFC Equity Opportunity Series 4, which has not completed a year, has not been shown here.@Current Index performance adjusted for the period from since inception to May 28, 2018 with the performance of Nifty Mid Cap 100 total return index (Benchmark)1The fund has been repositioned from a mid cap fund to a value fund w.e.f. May 28, 2018.2The fund has been repositioned from an IPO fund to a large cap fund w.e.f. April 18, 20173The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.7The fund is being repositioned from a free float fund to a money market fund w.e.f. June 4, 2018.8The fund is repositioned w.e.f. May 28, 2018

37


ManagingSince

BenchmarkIndex

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

SchemeReturn (%)

BenchmarkReturn (%)

Fund Manager Name: Mr. Suyash Choudhary

IDFC Bond Fund – Short Term Plan

11-03-2011CRISIL AAA Short Term Bond Index

4.49% 5.45% 6.93% 7.67% 8.12% 8.70%

IDFC Bond Fund – Medium Term Plan

15-09-2015CRISIL Short-Term Bond Fund Index

3.31% 4.69% 6.88% 7.46% 7.83% 8.54%

IDFC Bond Fund – Income Plan 15-10-2010CRISIL Composite Bond Fund Index

-0.33% 1.48% 6.62% 7.52% 7.57% 8.81%

IDFC Dynamic Bond Fund 15-10-2010CRISIL Composite Bond Fund Index

0.07% 1.48% 6.91% 7.52% 7.81% 8.81%

IDFC Government Securities Fund – Investment Plan

15-10-2010 I-Sec Composite Index -0.63% 1.89% 7.02% 7.67% 7.96% 8.92%

IDFC Hybrid Equity Fund 30-12-2016CRISIL Hybrid 35+65 - Aggressive Index

4.83% 8.71% NA NA NA NA

Mr. Suyash Choudhary manages 6 schemes of IDFC Mutual Fund.

Fund Manager Name: Mr. Yogik Pitti


IDFC Equity Savings Fund3 27-06-201330% Nifty 50 + 70% CRISIL Liquid Fund Index

5.98% 10.34% 6.17% 8.31% 6.92% 8.77%

IDFC Sensex ETF 07-10-2016 S&P BSE Sensex 16.63% 16.97% NA NA NA NA

IDFC Nifty ETF 07-10-2016 Nifty 50 14.05% 14.20% NA NA NA NA

Mr. Yogik Pitti manages 4 schemes of IDFC Mutual Fund.

Fund Manager Name: Ms. Khushboo Sharma

IDFC Credit Risk Fund 03-03-2017


3.65% 4.67% NA NA NA NA

Ms. Khushboo Sharma manages 1 scheme of IDFC Mutual Fund.

Fund Manager Name: Mr. Kartik Mehta

IDFC Multi Cap Fund 02-04-2018 S&P BSE 500 8.69% 11.48% 8.01% 12.27% 21.91% 18.53%

Mr. Kartik Mehta manages 2 scheme of IDFC Mutual Fund#.

Performance based on NAV as on 31/7/2018. Past Performance may or may not be sustained in future.The performance details provided herein are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.^Current Index performance adjusted for the period from since inception to April 8, 2015 with the performance of CRISIL Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark). ^^Current Index performance adjusted for the period from since inception to April 6, 2015 with the performance of CRISIL Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark) . ^^^Current Index performance adjusted for the period from since inception to April 20, 2015 with the performance of CRISIL Short Term Bond fund index (Benchmark) & 1 year T Bill Index (Alternate Benchmark).With effect from 1st February 2018, we are comparing the performances of the funds with the total return variant of the benchmark instead of the price return variant.**The benchmark has been changed from CRISIL Liquid Fund Index to Nifty 50 Arbitrage Index w.e.f. April 01, 2018.#The performances of IDFC Equity Opportunity Series 6, which have not completed a year, has not been shown here.3The fund has been repositioned from an arbitrage fund to an equity savings fund w.e.f. April 30, 2018.


ICRA Credit Risk RatingIDFC MMF-TP, IDFC MMF-IP, IDFC SSIF-ST, SSIF-MT, IDFC CBF : “Credit Risk Rating AAAmfs” - The Fund carries the lowest credit risk, similar to that associ-ated with long-term debt obligations rated in the highest credit- quality category.IDFC CASH FUND, IDFC USTF: “Credit Risk Rating A1+mfs” - The highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns.Source: ICRA Ltd.CRISIL Credit Quality RatingIDFC SSIF-IP, IDFC DBF: “CRISIL AAA mfs” - Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that they have made. The rating of CRISIL is not an opinion on the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments.CRISIL Credit Quality Rating MethodologyCRISIL’s credit quality ratings are based on the analysis of the credit risk of securities held by the fund. CRISIL has developed a Credit Quality Matrix to evaluate fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors and credit scores derived scientifically from CRISIL’s rating default and transition rates. For details on closed ended funds, please refer the website www.idfcmf.comFITCH Credit Quality RatingIDFC Cash fund: “IND A1+ mfs” - Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made.

38

IDFC All Seasons Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionSep 13, 2004



Fund Returns (%) 4.31 6.03 7.09 7.58 7.57 7.67

Total Value of CRISIL Short Term Bond Fund Index# 1,23,223 3,97,575 7,26,082 11,15,888 18,12,823 29,69,362

CRISIL Short Term Bond Fund Index Returns (%)# 5.04 6.57 7.57 7.99 8.00 7.86

Total Value of CRISIL 1 Year T-Bill Index## 1,23,551 3,94,731 7,11,314 10,74,039 16,96,609 26,72,722

CRISIL 1 Year T-Bill Index Returns (%)## 5.56 6.08 6.75 6.92 6.74 6.47

SIP PerformanceMonthly SIP of `10,000

IDFC Cash Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionJun 04, 2008



Fund Returns (%) 7.15 7.02 7.46 7.85 7.96 7.95

Total Value of CRISIL Liquid Fund Index# 1,24,650 4,00,677 7,24,438 11,08,335 17,90,769 18,32,600

CRISIL Liquid Fund Index Returns (%)# 7.27 7.08 7.48 7.80 7.77 7.76



IDFC Low Duration Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionJan 17, 2006



Fund Returns (%) 6.40 7.17 7.79 8.22 8.32 8.07





IDFC Money Manager Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionFeb 18, 2003



Fund Returns (%) 5.41 6.30 7.02 7.41 7.51 7.20





IDFC Banking & PSU Debt Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionMar 07, 2013

Total Amount Invested (`) 1,20,000 3,60,000 6,00,000 NA NA 6,50,000

Total Value as on July 31, 2018 (`) 1,23,162 3,93,785 7,12,979 NA NA 7,86,313

Fund Returns (%) 4.95 5.92 6.84 NA NA 6.96

Total Value of CRISIL Short Term Bond Fund Index# 1,23,223 3,93,605 7,10,722 NA NA 7,84,152

CRISIL Short Term Bond Fund Index Returns (%)# 5.04 5.89 6.72 NA NA 6.86

Total Value of CRISIL 1 Year T-Bill Index## 1,23,551 3,94,731 7,11,314 NA NA 7,82,189

CRISIL 1 Year T-Bill Index Returns (%)## 5.56 6.08 6.75 NA NA 6.77

IDFC Bond Fund – Short Term Plan - Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionDec 14, 2000



Fund Returns (%) 4.75 6.16 7.12 7.55 7.72 7.62

Total Value of CRISIL AAA Short Term Index# 1,23,648 4,00,210 7,30,706 11,25,468 18,49,464 NA

CRISIL AAA Short Term Index Returns (%)# 5.72 7.01 7.82 8.23 8.38 NA



Past performance may or may not be sustained in future.Dividends are assumed to be reinvested and bonus is adjusted. Load is not taken into consideration. To illustrate the advantages of SIP investment, this is how your investment would have grown if you had invested say `10,000 systematically on the first business Day of every month over a period of time. Returns are calculated by using XIRR approach. XIRR helps in calculating return on investment given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. The performances given are of regular plan growth option. Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc. #Benchmark Returns. ##Alternate Benchmark Returns. Data as on July 31, 2018.

39

IDFC Corporate Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionJan 12, 2016

Total Amount Invested (`) 1,20,000 NA NA NA NA 3,10,000

Total Value as on July 31, 2018 (`) 1,23,129 NA NA NA NA 3,36,900

Fund Returns (%) 4.90 NA NA NA NA 6.38

Total Value of CRISIL Short Term Bond Fund Index# 1,23,223 NA NA NA NA 3,36,437

CRISIL Short Term Bond Fund Index Returns (%)# 5.04 NA NA NA NA 6.28

Total Value of CRISIL 1 Year T-Bill Index## 1,23,551 NA NA NA NA 3,35,031

CRISIL 1 Year T-Bill Index Returns (%)## 5.56 NA NA NA NA 5.95

IDFC Bond Fund – Medium Term Plan - Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionJuly 08, 2003



Fund Returns (%) 3.77 5.80 6.96 7.35 7.77 7.88

Total Value of CRISIL Short Term Bond Fund Index# 1,23,223 3,97,575 7,26,082 11,15,888 18,12,823 33,54,408

CRISIL Short Term Bond Fund Index Returns (%)# 5.04 6.57 7.57 7.99 8.00 7.73



IDFC Bond Fund – Income Plan - Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionJul 14, 2000



Fund Returns (%) 1.19 4.69 6.63 7.31 7.55 7.63

Total Value of CRISIL Composite Bond Fund Index# 1,21,437 3,92,109 7,25,921 11,11,866 17,97,356 NA

CRISIL Composite Bond Fund Index Returns (%)# 2.24 5.64 7.56 7.89 7.84 NA

Total Value of CRISIL 10 Year Gilt Index## 1,19,851 3,78,125 6,93,838 10,44,554 16,36,843 NA

CRISIL 10 Year Gilt Index Returns (%)## -0.23 3.22 5.76 6.14 6.05 NA

IDFC Dynamic Bond Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionDec 03, 2008



Fund Returns (%) 1.56 5.02 6.92 7.60 NA 7.93

Total Value of CRISIL Composite Bond Fund Index# 1,21,437 3,92,109 7,25,921 11,11,866 NA 17,12,225

CRISIL Composite Bond Fund Index Returns (%)# 2.24 5.64 7.56 7.89 NA 7.83



IDFC G Sec Fund - Investment Plan - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionDec 03, 2008



Fund Returns (%) 1.56 5.03 7.04 7.94 NA 8.26

Total Value of I-Sec Composite Index# 1,21,434 3,92,271 7,27,667 11,21,095 NA 17,35,884

I-Sec Composite Index Returns (%)# 2.23 5.66 7.66 8.12 NA 8.10




IDFC Government Securities Fund - Constant Maturity Plan - Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionMar 09, 2002



Fund Returns (%) 5.02 6.84 8.04 8.66 8.04 6.65

Total Value of CRISIL 10 year Gilt Index# 1,19,851 3,78,125 6,93,838 10,44,554 16,36,843 33,07,559

CRISIL 10 year Gilt Index Returns (%)# -0.23 3.22 5.76 6.14 6.05 6.00




40


IDFC Asset Allocation Fund of Fund - Conservative Plan Regular Plan - Growth

1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionFeb 11, 2010



Fund Returns (%) 5.46 7.81 8.75 9.22 NA 9.16

Total Value of 15% S&P BSE 200 + 80% CRISIL Short Term Index + 5% Gold Prices# 1,21,001 3,97,257 7,39,746 11,47,390 NA 14,87,605

15% S&P BSE 200 + 80% CRISIL Short Term Index + 5% Gold Prices# 1.56 6.51 8.32 8.77 NA 8.67



IDFC Asset Allocation Fund of Fund - Moderate Plan Regular Plan - Growth




Fund Returns 5.59 8.80 9.67 10.13 NA 10.02


40% S&P BSE 200 + 55% CRISIL Short Term Index + 5% Gold Prices# -0.20 5.88 7.94 8.50 NA 8.46



IDFC Asset Allocation Fund of Fund - Aggressive Plan Regular Plan - Growth




Fund Returns 5.74 10.26 10.82 11.18 NA 10.82


65% S&P BSE 200 + 30% CRISIL Short Term Index + 5% Gold Prices# 7.82 12.41 12.46 12.75 NA 11.86



IDFC Credit Risk Fund - Regular Plan - Growth 1 Year 3 Years 5 Years 7 Years 10 Years Since InceptionMar 03, 2017

Total Amount Invested (`) 1,20,000 NA NA NA NA 1,70,000

Total Value as on July 31, 2018 (`) 1,22,347 NA NA NA NA 1,75,522

Fund Returns 3.67 NA NA NA NA 4.37

Total Value of 80% CRISIL AA Medium Term Bond Index + 20% CRISIL AAA Short Term Bond Index

1,22,793 NA NA NA NA 1,76,573


4.37 NA NA NA NA 5.20

Total Value of CRISIL 1 Year T-Bill Index 1,23,551 NA NA NA NA 1,77,142

CRISIL 1 Year T-Bill Index Returns 5.56 NA NA NA NA 5.65


Date Plan Dividend NAV

IDFC Core Equity Fund

12-Mar-18 Regular Plan 1.01 16.4254

27-Feb-17 Regular Plan 1.18 15.0036


IDFC Sterling Value Fund




IDFC Multi Cap Fund




IDFC Focused Equity Fund


10-Nov-17 Regular Plan 2.00 15.6283

24-Jan-17 Regular Plan 1.00 12.1368

Dividend HistoryLast 3 Gross Dividends (`/unit) :


IDFC Large Cap Fund




IDFC Hybrid Equity Fund


13-Nov-17 Regular Plan 0.20 10.7448

22-Aug-17 Regular Plan 0.30 10.7588

IDFC Arbitrage Fund

30-Jul-18 Reg Plan Monthly 0.06 12.7042

28-Jun-18 Reg Plan Monthly 0.05 12.6969

30-May-18 Reg Plan Monthly 0.06 12.7074

22-Mar-18 Reg Plan Annually 0.58 11.0192


IDFC Equity Savings Fund

26-Apr-18 Reg Plan Monthly 0.05 12.0827


22-Mar-18 Reg Plan Monthly 0.04 12.0664

27-Feb-18 Reg Plan Monthly 0.05 12.0719




Date Plan Freq Dividend NAV

IDFC Tax Advantage Fund

09-Feb-18 Reg Plan - 0.68 18.6811

18-Sep-17 Reg Plan - 0.62 18.1086

27-Feb-17 Reg Plan - 1.24 15.6964

IDFC Regular Savings Fund

30-Jul-18 Reg Plan Dividend 0.0632 12.6940

28-Jun-18 Reg Plan Dividend 0.0630 12.5045

30-May-18 Reg Plan Dividend 0.0630 12.6798

26-Jun-18 Reg Plan Quarterly 0.1931 12.8679

41

Dividend HistoryLast 3 Gross Dividends (`/unit) :


IDFC Money Manager Fund




IDFC Banking & PSU Debt Fund





22-Mar-18 Reg Plan Quarterly 0.1170 10.6345

21-Dec-17 Reg Plan Quarterly 0.0968 10.5839




22-Mar-17 Reg Plan - 0.7400 10.8523

17-Mar-16 Reg Plan - 0.8028 10.8927

19-Mar-15 Reg Plan - 0.4276 10.4802





26-June-18 Reg Plan Quarterly 0.0244 10.0638

IDFC Bond Fund - Medium Term Plan




30-Jul-18 Reg Plan BiMonthly 0.1467 11.7845

26-Mar-18 Reg Plan BiMonthly 0.0404 11.6590

29-Nov-17 Reg Plan BiMonthly 0.0701 11.6607




IDFC Bond Fund – Income Plan

21-Sep-17 Reg Plan Quarterly 0.0900 11.5802



21-Sep-17 Reg Plan Half Yearly 0.5100 11.9865

22-Mar-17 Reg Plan Half Yearly 0.4000 11.9401





IDFC GSF - Provident Fund Plan







IDFC Dynamic Bond Fund

22-Mar-17 Reg Plan - 1.1800 11.4289

17-Mar-16 Reg Plan - 0.4301 10.5543

19-Mar-15 Reg Plan - 1.0833 11.1583








IDFC Asset Allocation Fund of Fund - CP


27-Feb-18 Reg Plan Dividend 0.0357 14.2928

29-Nov-17 Reg Plan Dividend 0.2165 14.4607

IDFC Asset Allocation Fund of Fund - MP


27-Feb-18 Reg Plan Dividend 0.0399 15.9835


IDFC Asset Allocation Fund of Fund - AP


30-Aug-17 Reg Plan Dividend 0.2900 16.7727


IDFC Dynamic Equity Fund

23-Jul-18 Reg Plan - 0.15 11.0600

20-Apr-18 Reg Plan - 0.15 11.1324

19-Jan-18 Reg Plan - 0.20 11.3148

IDFC Corporate Bond Fund




30-Aug-16 Reg Plan Dividend 0.4200 10.6393

17-Mar-16 Reg Plan Dividend 0.0497 10.1017








IDFC All Seasons Bond Fund










IDFC Cash Fund




12-Sep-14 Reg Plan Periodic 208.4395 1277.5068

29-Dec-11 Reg Plan Periodic 17.6009 1003.3606

IDFC Low Duration Fund




12-Sep-14 Reg Plan Periodic 0.9994 11.0480

28-May-13 Reg Plan Periodic 0.6317 10.6676

30-Jan-12 Reg Plan Periodic 0.2375 10.0287










IDFC GSF – Investment Plan







22-Mar-17 Reg Plan - 1.2400 11.5375

17-Mar-16 Reg Plan - 0.3826 10.5257

19-Mar-15 Reg Plan - 0.7667 11.2234




IDFC GSF - Constant Maturity Plan



26-Mar-18 Reg Plan Monthly 0.1340 10.5383




IDFC Credit Risk Fund







IDFC Infrastructure Fund

15-Mar-18 Reg Plan Dividend 1.09 18.1944

IDFC Ultra Short Term Fund


Dividend is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). Dividend received is subject to applicable dividend distribution tax. Face Value of all above schemes (excluding IDFC Cash Fund) is `10/- per unit. Face value of IDFC Cash Fund is `1000/- per unit. Past performance may or may not be sustained in future.

42

How to read Factsheet

Fund ManagerAn employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.Application Amount for Fresh SubscriptionThis is the minimum investment amount for a new investor in a mutual fund scheme,Minimum Additional AmountThis is the minimum investment amount for an existing investor in a mutual fund scheme.Yield to MaturityThe Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.SIPSIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.NAVThe NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.BenchmarkA group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.Entry LoadA mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is `100 and the entry load is 1%, the investor will enter the fund at `101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry loan and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the services rendered by the distributor.

Exit LoadExit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would be ` s99 per unit. Modified DurationModified duration is the price sensitivity and the percentage change in price for a unit change in yieldStandard DeviationStandard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.Sharpe RatioThe Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.BetaBeta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.AUMAUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.HoldingsThe holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.Nature of SchemeThe investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.Rating ProfileMutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

Investment Objective

IDFC Core Equity Fund The Scheme seeks to generate long-term capital growth by investing predominantly in large cap and mid cap stocks.

IDFC Sterling Value Fund The investment objective of the Scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments by following a value investment strategy.

IDFC Multi Cap Fund The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The Scheme portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to long-term trends in the business environment. The Scheme shall endeavor to accumulate long-term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short-term money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined “manageable” corpus (approximate amount), which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long-term objectives of the fund.

IDFC Focused Equity Fund The investment objective of the Scheme is seek to generate capital appreciation by investing in a concentrated portfolio of equity and equity related instruments up to 30 companies. There is no assurance or guarantee that the objectives of the scheme will be realized.

IDFC Large Cap Fund The investment objective of the Scheme is to seek to generate capital growth from predominantly investing in large cap stocks.

Total Experience of Fund Managers

Name Years Name Years

Mr. Anoop Bhaskar – Head Equity 27+ Mr. Kartik Mehta 12+

Mr. Anurag Mittal 10+ Ms. Khushboo Sharma 6+

Mr. Arpit Kapoor 12+ Mr. Rajendra Kumar Mishra 15+

Mr. Arvind Subramanian 7+ Mr. Sumit Agrawal 12+

Mr. Daylynn Pinto 12+ Mr. Suyash Choudhary - Head Fixed Income 16+

Mr. Harshal Joshi 9+ Mr. Yogik Pitti 10+

Fund Manager Details

43

Investment Objective

IDFC Nifty Fund The investment objective of the scheme is to replicate the Nifty 50 by investing in securities of the Nifty 50 in the same proportion / wightage. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns .

IDFC Infrastructure Fund The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity related instruments of companies that are participating in and benefiting from growth in Indian Infrastructure and infra structural related activities, However, there can be no assurance that the investment Objective of the scheme will be realized.


The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Arbitrage Fund The investment objective of the Scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. However there is no assurance that the investment objective of the scheme will be realized.

IDFC Equity Savings Fund To generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets along with debt and money market instruments and to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments.

IDFC Sensex ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

IDFC Nifty ETF The fund seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

IDFC Dynamic Equity Fund The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate in come and capital appreciation through investment in Debt & Money Market instruments. There is no assurance or guarantee that the objectives of the scheme will be realised.

IDFC Hybrid Equity Fund The Fund seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments. The Fund also seeks to generate current income by investing in debt securities and money market instruments.

IDFC Regular Savings Fund The primary objective of the Scheme is to generate regular returns through investment predominantly in debt instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme’s total assets in equity securities.

IDFC Asset Allocation Fund of Fund - Conservative Plan

The investment objective of the scheme is to provide diversification across asset classes and generate a mix of capital appreciation and income predominantly through investment in equity funds and debt funds of IDFC Mutual Fund based on a defined asset allocation model.

IDFC Asset Allocation Fund of Fund - Moderate Plan


IDFC Asset Allocation Fund of Fund - Aggressive Plan


IDFC All Seasons Bond Fund The investment objective of the scheme is to generate optimal returns by active management of portfolio that invests predominantly in debt oriented mutual fund schemes (including liquid and money market schemes) of IDFC Mutual Fund.

IDFC Cash Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy and with high liquidity, from a portfolio that is invested in debt and money market securities with maturity up to 91 days.

IDFC Ultra Short Term Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 3 to 6 months.

IDFC Low Duration Fund The Scheme seeks to offer an investment avenue for short term savings by looking to generate returns commensurate with a low risk strategy from a portfolio that is invested in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months.

IDFC Money Manager Fund To generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in money market instruments.

IDFC Banking & PSU Debt Fund

The Scheme seeks to generate returns through investments in debt and money market instruments predominantly issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions(PFIs)

IDFC Corporate Bond Fund The Fund seeks to provide steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities.

IDFC Credit Risk Fund The Fund seeks to generate returns by investing predominantly in AA and below rated corporate debt securities across maturities.


The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over short term such that the Macaulay duration of the portfolio is between 1 year and 3 years.

IDFC Bond Fund – Medium Term Plan

The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium term such that the Macaulay duration of the portfolio is between 3 years and 4 years

IDFC Bond Fund – Income Plan The scheme seeks to invest in a diversified set of debt and money market securities with the aim of generating optimal returns over medium to long term such that the Macaulay duration of the portfolio is between 4 years and 7 years.

IDFC Dynamic Bond Fund To generate optimal returns by active management of the portfolio by investing in debt and money market instruments across maturities.

IDFC Government Securities Fund - Constant Maturity Plan

The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities such that weighted average portfolio maturity of around 10 years.

IDFC Government Securities Fund - Investment Plan

The scheme seeks to generate optimal returns with high liquidity by investing in Government Securities across maturities.

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Raipur T-19,III Floor, Raheja Tower, Near Hotel Celebration, Jail Road, Raipur (C G) - 492001. Tel: 0771-6900699.Rajkot “Star Plaza”, 2nd Floor, Office No. 201, Phulchab Chowk, Rajkot - 360 001. Tel.: +91-281-6620921 / 2475237.Surat HG-12, Higher Ground Floor, International Trade Centre,Majura Gate Crossing, Ring Road, Surat - 395 002.

Tel.: +91-261-2475060, 2475070.Vadodara 301, 2nd Floor, Earth Complex, Opposite Vaccine Ground, Above Indian Overseas Bank, Old Padra Road,

Vadodara - 380015. Tel No.: 0265 - 2339623/2339624/2339325.NORTHAgra Office No. 307A, 3rd Floor, Block #38/4A, Sumriddhi Business Suites, Sanjay Place, Agra - 282 002.

Tel.:+91- 562-4064889Amritsar 6-FUF, 4th Floor Central Mall, Mall Road, Amritsar - 143001. Tel.:+911835030393.Chandigarh SCO 2475 - 76, 1st Floor, Sector 22, Chandigarh - 160 022. Tel.: +91 17 2507 1918 /5071919, Fax: +91-172-5071918.Dehradun G-12 B NCR Plaza, Ground Floor, 24 A, 112/28, Ravindranath Tagore Marg, New Cantt Road, Dehradun-248001.

Mobile: 9897934555, 8171872220Jaipur 301-A, 3rd Floor, Ambition Tower, Agersen Circle, Malan Ka Chaurah, Subash Marg, C-Scheme, Jaipur - 302 001.

Tel. No. : +91-0141- 2360945, 2360947, 2360948Jalandhar 1st floor, Satnam Complex, BMC Chowk, G.T.Road, Jalandhar-144001. Punjab-India. Tel.: 01815018264.Kanpur Office No. 214-215, IInd Floor, KAN Chambers, 14/113, Civil Lines, Kanpur - 208 001. Tel.: +91-512-2331071,

2331119.Lucknow 1st floor, Aryan Business Park, Exchange Cottage, 90.M.G. Marg, Park Road, Lucknow-226001, Mob: 9792999940,

Tel.: 0522-4928100 - 106, 0522-6888012Ludhiana SCO 124, 1st Floor, Feroze Gandhi Market, Ludhiana - 141 001. Tel.: 0161-5022155/ 56/ 57.New Delhi 4th Floor, NarainManzil, 23, Barakhamba Road, New Delhi - 110 001. Tel.: +91-11-47311301/ 02/ 03/ 04/ 05.Varanasi IDFC Asset Management Co. Ltd. 3rd Floor, Premise No. D-64/127, CH, Arihant Complex, Sigra Varanasi - 221010

(U.P). Phone No. 05422226527Gurgaon 117, 1st Floor, Vipul Agora, M. G. Road, Gurgaon - 122 001. Ph: 011-47311336.SOUTHBangalore 6th Floor, East Wing, Raheja Towers, #26 & 27, M. G. Road, Bangalore - 560 001. Tel.: +91-80-43079000/ 01/

02/ 03, Fax - +91-80-43079009.Chennai KRM Tower, 7th floor, No. 1, Harrington Road, Chetpet, Chennai - 600 031. Tel.: +91-44-45644201/ 202.Cochin 39/3993 B2, Gr. Floor, Vantage Point, VRM Rd, Ravipuram, Cochin - 682 016. Tel: +91-484-3012639/ 4029291,

Fax: +91-484-2358639.Coimbatore A Complex , No. 49, Father Randy Street, Azad Road, R. S. Puram, Coimbatore - 641 002. Hyderabad 3rd Floor, SB Towers, Banjara Hills Road No. 1, Nearby Nagarjuna Circle, Hyderabad -500 034Madurai No.278, 1st Floor, Nadar Lane, North Perumal Maistry Street, Madurai - 625 001. Tel.: 0452-6455530.Mangalore Shop No 4, Ground Floor, Raj Towers, Balmatta Road, Mangalore – 575001. Tel. : +91 9845287279.Mysore CH 26, Shop No 1, 2nd Floor, 7th Main, 5th Cross ( Veta Building ) Saraswathipuram, Mysore - 570009.Trivandrum

Visakhapatnam(Andhra Pradesh)

T.C.2/3262(6), 1st Floor, RS Complex, Opposite LIC Building, Pattom P O, Trivandrum - 695 004. Phone No. 04714010105 / Tel. : 9846061156.Office No. Q 11, Qubexpro Business Center, 4th Floor, V Mall, Lifestyle Building,Facor Layout, Waltair Uplands, Visakhapatnam - 530 003. Mob - 8825651768.

EASTBhubaneswar Rajdhani House, 1st Floor, 77 Kharvel Nagar, Janpath, Bhubaneswar - 751001. Phone : 0674 6444252 / 0674

2531048 / 0674 2531148.Guwahati 4E, 4th Floor, Ganapati Enclave, G. S. Road, Ulubari, Opp. Bora Service Station, Guwahati - 781 007. Mobile:

9207410763, 9207410764, 9207410765, 9207410766.Jamshedpur IDFC Mutual Fund, Room No.111, 1st Floor, Yashkamal Complex, Main Road, Bistupur, Jamshedpur-831001, Ph No.

0657-2230112/111/222, Mobile No. : 9431102883.Kolkata Oswal Chambers, 1st Floor, 2 Church Lane, Kolkata - 700 001. Tel.: +91-33-40171000/ 1005.Patna 406, Ashiana Hariniwas, New Dakbanglow Road, Patna - 800 001. Tel.: +91-612-6510353. Ranchi : 306, Shrilok

Complex, 4 H B Road, Ranchi-834001 Phone : 0651-2212592/9931156362.Durgapur (West Bengal)

6/2A, Suhatta, 6th Floor, City Centre, Durgapur - 713216. Phone No.: +91 8537867746.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Documents

IDFC Factsheet July 2018 - idfcmf.com · Inflation: June’18 CPI surprised with the headline number coming in softer at 5%. Core inflation was at a Core inflation was at a 4 years