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Scheme Positioning and Categorization
Date: 26th April 2018
Equity Schemes {9 Schemes}
Hybrid Schemes {6 Schemes}
Debt Schemes {13 Schemes}
Solution Oriented Schemes {2 Schemes}
Other Schemes(including Index Funds, ETFs and FOFs) { 7 Schemes}
Open-Ended Scheme Categories*
2
ETF - Exchange Traded Fund, FOF - Fund of Funds*To bring standardization in scheme categories and uniformity in the characteristics of schemes under each category, across Mutual Funds, the Securities and Exchange Board of India (SEBI) had issued a circular on 6th Oct 2017. As per the circular, read with circular dated 4th Dec 2017, we present the new product spectrum of HDFC Mutual Fund.
Equity Schemes – Our Offerings
Equity(9 schemes)
Non Market Cap Biased
Market Cap Biased
Large CapHDFC Top 100 Fund
Mid CapHDFC Mid Cap
Opportunities Fund
Large & Mid CapHDFC Growth
Opportunities Fund
Small CapHDFC Small Cap Fund
Multi CapHDFC Equity Fund
ValueHDFC Capital Builder
Value Fund
FocusedHDFC Focused 30 Fund
DiversifiedThematic
HDFC Infrastructure Fund
ELSSHDFC TaxSaver
3
Positioning - Equity SchemesDiversified Equity Schemes
Old Name New Name Category Positioning EffectiveDate
HDFC Top 200 Fund
HDFC Equity Fund
HDFC Capital Builder Fund
HDFC Core & Satellite Fund
HDFC Mid CapOpportunities Fund
HDFC Small Cap Fund
HDFC Large Cap Fund
HDFC Top 100 Fund
HDFC Mid-Cap Opportunities Fund
HDFC Small Cap Fund
HDFC Growth Opportunities Fund
HDFC Equity Fund
HDFC Capital Builder Value Fund
HDFC Focused 30 Fund
Multi Cap Fund
Value Fund
Focused Fund
Seeks opportunities acrosslarge, mid and small marketcapitalization stocks
Follows a “Value” investingstrategy
Invests into a maximum of30 stocks, while diversifyingamong stocks acrossmarket capitalizations
Large Cap Fund
Mid Cap Fund
Small Cap Fund
Large & Mid Cap Fund
Focuses on Large Cap stocks(minimum 80% of total assets)
Focuses on Mid Cap stocks(minimum 65% of total assets)
Focuses on Small Cap stocks(minimum 65% of total assets)
Invests a minimum of 35% oftotal assets each into large andmid cap stocks
Market Cap Biased
Non-Market Cap Biased
Thematic Schemes
Old Name New Name Category Positioning Effective Date
HDFC Infrastructure Fund HDFC Infrastructure Fund Sectoral /Thematic Fund
Follows an infrastructure theme(minimum 80% of total assets)
Equity Linked Savings Scheme
Old Name New Name Category Positioning Effective Date
HDFC TaxSaver HDFC TaxSaver ELSS An Equity Linked Savings Scheme (ELSS)with a statutory lock in of 3 years and taxbenefit. Minimum investment in equity &equity related instruments - 80% of totalassets (in accordance with Equity LinkedSaving Scheme, 2005 notified byMinistry of Finance)
4
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
23rd May 2018
Hybrid Schemes –Our Offerings
5
Arbitrage FundHDFC Arbitrage Fund
Conservative Hybrid FundHDFC Hybrid Debt Fund
Aggressive Hybrid FundHDFC Hybrid Equity Fund
Balanced Advantage FundHDFC Balanced Advantage Fund
Equity SavingsFundHDFC Equity Savings Fund
Expected Return
Expe
cted
Ris
k
Multi-Asset AllocationHDFC Multi Asset Fund
Positioning - Hybrid Schemes
Old Name New Name Category Positioning EffectiveDate
HDFC Arbitrage Fund
HDFC MF MonthlyIncome Plan - LTP
HDFC Arbitrage Fund
HDFC Hybrid Debt Fund
Arbitrage Fund
ConservativeHybrid Fund
Invests a minimum of65% into fully hedgedequity positions
Follows a debt orientedhybrid strategy withequity exposure rangingbetween 10% to 25% oftotal assets
HDFC Equity Savings Fund
HDFC Balanced Fund
HDFC Equity Savings Fund
HDFC Hybrid Equity Fund(erstwhile HDFC Balanced Fundand HDFC Premier Multi-Cap Fund)
Equity SavingsFund
Aggressive HybridFund
Invests a minimum of65% of total assets into grossequity positions, whilemaintaining a net equityexposure ranging between15% to 40% of total assets.Minimum debt exposure10% of total assets
Follows an equity orientedhybrid strategy with equityexposure ranging between65% to 80% of total assets
HDFC Prudence Fund HDFC Balanced Advantage Fund(erstwhile HDFC Prudence Fundand HDFC Growth Fund)
BalancedAdvantage Fund
Follows a hybrid strategywith 100% flexibility to movebetween equity and debt
6
23rd May 2018
23rd May 2018
23rd May 2018
26th May 2018
2nd June 2018
2nd June 2018
HDFC Multiple Yield Fund- Plan 2005
HDFC Multi-Asset Fund Multi AssetAllocation
Follows a hybrid strategywith a flexibility to investinto equity, debt and gold -each with exposures rangingbetween 10% to 80% of totalassets
7
Debt Schemes – Our Offerings
Debt Schemes
Theme BasedDuration Based
HDFC Overnight Fund
HDFC Liquid Fund
HDFC Money Market Fund
HDFC Low Duration Fund
HDFC Short Term Debt Fund
HDFC Medium Term Debt Fund
HDFC Income Fund
HDFC Gilt Fund
HDFC Banking and PSU Debt Fund
HDFC Corporate Bond Fund
HDFC Floating Rate Debt Fund
HDFC Credit Risk Debt Fund
HDFC Dynamic Debt Fund
Positioning - Debt Schemes
Old Name New Name Category PortfolioDuration Band Positioning Effective
Date
HDFC Cash ManagementFund - Call Plan
HDFC Liquid Fund
HDFC Cash ManagementFund - Savings Plan
HDFC Cash ManagementFund - TreasuryAdvantage Plan
HDFCOvernight Fund
HDFC Liquid Fund
HDFC MoneyMarket Fund
HDFC LowDuration Fund
OvernightFund
1 business day
Up to 91 daysLiquid Fund
Money MarketFund
Low DurationFund
Up to 1 year
6 to 12 months
HDFC Short TermOpportunities Fund
HDFC ShortTerm Debt Fund
1 to 3 years Invests in instruments suchthat Macaulay duration ofthe portfolio is between 1year and 3 years
Short DurationFund
HDFC High Interest Fund- STP
HDFC MediumTerm Debt Fund
3 to 4 years Invests in instruments suchthat Macaulay duration ofthe portfolio is between 3years and 4 years*
MediumDuration Fund
HDFC Income Fund HDFC Income Fund 4 to 7 years Invests in instruments suchthat Macaulay duration ofthe Portfolio is between 4years and 7 years*
Medium to LongDuration Fund
Invests in overnightsecurities
Invests in debt and moneymarket securities, withmaturity up to 91 days
Invests in money marketinstruments, with maturityup to 1 year
Invests in instruments suchthat Macaulay duration ofthe portfolio is between 6months and 12 months
Duration Based Schemes
Theme Based Schemes
Old Name New Name Category Positioning Effective Date
HDFC Gilt Fund - LTP HDFC Gilt Fund Gilt Fund Invests in government securitiesacross maturities
HDFC Banking and PSUDebt Fund
HDFC Banking andPSU Debt Fund
Banking and PSUFund
Invests a minimum of 80% in debtinstruments of Banks, Public SectorUndertakings and Public FinancialInstitutions and Municipal Bonds
HDFC MediumTerm Opportunities Fund
HDFC CorporateBond Fund
Corporate BondFund
Invests a minimum of 80% in corporatebonds with rating of AA+ and above
HDFC FloatingRate Income Fund - STP
HDFC Floating RateDebt Fund
Floater Fund Invests predominantly in floating rateinstruments
HDFC CorporateDebt Opportunities Fund
HDFC Credit RiskDebt Fund
Credit Risk Fund Invests a minimum of 65% into AAand below rated corporate bonds(excluding AA+ corporate bonds)
HDFC High Interest Fund -Dynamic Plan
HDFC DynamicDebt Fund
Invests across durations.Dynamic Bond Fund
8
* Portfolio Macaulay duration under anticipated adverse situation maybe reduced to 1 year
9th May 2018
9th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
16th May 2018
26th May 2018
2nd June 2018
9
Old Name New Name Category Positioning EffectiveDate
HDFC RetirementSavings Fund
HDFC Retirement SavingsFund
Retirement Fund A notified tax saving cum pensionscheme with an objective to providelong term capital appreciation/incomeby investing in a mix of equity and debtinstruments to help investors meettheir retirement goals3 Plans - Equity, Hybrid Equity andHybrid Debt
HDFC Children’sGift Fund
HDFC Children’s Gift Fund Children’s Fund Scheme for investment for childrenwith an objective of capitalappreciation/income from a portfoliomix of equity and debt instruments
Positioning - Solution Oriented Schemes
23rd May 2018
2nd June 2018
Positioning - Other Schemes
10
Index Funds / ETFs
Old Name New Name Category Positioning Effective Date
HDFC Index Fund - Nifty Plan
Index Fund Replicates/tracks NIFTY 50 Index
Replicates/tracks S&P BSESENSEX Index
Replicates/tracks NIFTY 50 Index
Replicates/tracks S&P BSE SENSEXIndex
Index Fund
ETF
ETF
HDFC Index Fund -SENSEX Plan
HDFC NIFTY ETF
HDFC SENSEX ETF
HDFC Index Fund - NIFTY 50 Plan
HDFC Index Fund -SENSEX Plan
HDFC NIFTY 50 ETF
HDFC SENSEX ETF
Old Name New Name Category Positioning
HDFC GoldExchange Traded Fund
HDFC Gold ExchangeTraded Fund
ETF Replicates/tracks the performanceof Gold
HDFC Gold Fund HDFC Gold Fund FOF Invests in HDFC Gold ExchangeTraded Fund
HDFC Dynamic PERatio Fund of Funds
HDFC Dynamic PERatio Fund of Funds
FOF Invests in specified equity and debtschemes of HDFC Mutual Fundbased on PE Ratios
Gold ETFs / FOFs
ETF - Exchange Traded Fund, FOF - Fund of Funds
Effective Date
16th May 2018
16th May 2018
23rd May 2018
23rd May 2018
23rd May 2018
26th May 2018
2nd June 2018
Old Scheme Names New Scheme Name
HDFC Balanced Fund and HDFC Premier Multi-Cap Fund
HDFC Prudence Fund and HDFC Growth Fund
HDFC MF Monthly Income Plan - LTP and STP
HDFC Index Fund – SENSEX Plan and SENSEX Plus Plan
HDFC Medium Term Opportunities Fund, HDFC Floating Rate Income Fund - LTP and HDFC Gilt Fund - STP
HDFC Corporate Debt Opportunities Fund and HDFC Regular Savings Fund
HDFC Hybrid Equity Fund
HDFC Balanced Advantage Fund
HDFC Hybrid Debt Fund
HDFC Index Fund – SENSEX Plan
HDFC Corporate Bond Fund
HDFC Credit Risk Debt Fund
Scheme Name Remarks
HDFC Long Term Advantage Fund Discontinuation of subscriptions in this scheme, with effect from 16th May 2018
Merged Schemes
Discontinued Scheme
11
The above is a brief description of the merged schemes. For complete details on scheme mergers / change in characteristics of the schemes, investors are requested to refer to the notice-cum-addenda dated March 27, 2018, April 19, 2018 and April 25, 2018 available on the website of the Fund www.hdfcfund.com
PRODUCT LABELING: To provide investors an easy understanding of the kind of product/scheme they are investing in and its suitability to them, the product labeling for the following schemes is as under:
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
HDFC Overnight Fund
HDFC Liquid Fund
• Regular income over short term that may be in line with the overnight call rates• To generate returns by investing in debt and money market instruments with overnight maturity
• Regular income over short term• To generate income through a portfolio comprising money market and debt instruments
HDFC Low Duration Fund
HDFC Money Market Fund
HDFC Short Term Debt Fund
• Income over short term• To generate income/capital appreciation through investment in debt securities and money market instruments
• Income over short term• To generate income/ capital appreciation by investing in money market instruments
• Income over short term• To generate income/capital appreciation through investments in Debt and Money Market Instruments
RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
Investors understand that their principal will be at low risk
Investors understand that their principal will be at moderately low risk
HDFC Floating Rate Debt Fund
HDFC Corporate Bond Fund
• Income over short term• To generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments
• Income over short to medium term• To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bond
12
HDFC Medium Term Debt Fund
HDFC Income Fund
• Income over medium term• To generate income/capital appreciation through investments in Debt and Money Market Instruments
• Income over medium to long term• To generate income/capital appreciation through investments in debt and money market instruments
HDFC Dynamic Debt Fund • Income over medium to long term• To generate income/capital appreciation by investing in a range of debt and money market instruments
Investors understand that their principal will be at moderate risk
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
HDFC Banking and PSU Debt Fund
HDFC Gilt Fund
• Income over short to medium term• To generate income/capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies
• Credit risk free returns over medium to long term• To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government
HDFC Credit Risk Debt Fund
• Income over short to medium term • To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds)
RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
HDFC Arbitrage Fund • Income over short term• Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment
Investors understand that their principal will be at moderately low risk
13
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
HDFC Small Cap Fund
HDFC Capital Builder Value Fund
• To generate long-term capital appreciation /income• Investments predominantly in Small-Cap companies
• To generate long-term capital appreciation/income in the long term • Investment primarily in undervalued stocks
HDFC TaxSaver • To generate long-term capital appreciation / income• Investment predominantly in equity & equity related instruments
HDFC Index Fund-NIFTY 50 Plan
• Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term • Investment in equity securities covered by the NIFTY 50
HDFC Index Fund-SENSEX Plan
• Returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term • Investment in equity securities covered by the S&P BSE SENSEX
HDFC NIFTY 50 ETF • Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term• Investment in equity securities covered by the NIFTY 50
HDFC SENSEX ETF • Returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term• Investment in equity securities covered by the S&P BSE SENSEX
14
RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
HDFC Growth Opportunities Fund
HDFC Focused 30 Fund
• To generate long-term capital appreciation/income • Investments in predominantly Large Cap and Mid Cap companies
• To generate long-term capital appreciation/income • Investments in equity & equity related instruments of up to 30 companies
HDFC Equity Fund • To generate long-term capital appreciation / income• Investment predominantly in equity & equity related instruments
HDFC Top 100 Fund • To generate long-term capital appreciation/income • Investment predominantly in Large-Cap companies
HDFC Mid-Cap Opportunities Fund
• To generate long-term capital appreciation/income• Investments predominantly in Mid-Cap companies
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
HDFC Multi-Asset Fund • To generate long-term capital appreciation/income • Investments in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold
HDFC Equity Savings Fund • Capital appreciation while generating income over medium to long term• Provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments
HDFC Hybrid Debt Fund • To generate long-term income /capital appreciation• Investments primarily in debt securities, money market instruments and moderate exposure to equities
HDFC Hybrid Equity Fund • To generate long-term capital appreciation / income • Investments predominantly in equity & equity related instruments. The scheme will also invest in debt and money market instruments
HDFC Balanced Advantage Fund
• To generate long-term capital appreciation / income • Investments in a mix of equity and debt instruments
15
RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
HDFC Infrastructure Fund • To generate long-term capital appreciation/income• Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
HDFC Retirement Savings Fund - Equity Plan
HDFC Retirement Savings Fund - Hybrid-Equity Plan
HDFC Children’s Gift Fund
• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in equity and equity related instruments
• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in equity and equity related instruments & balance in debt and money market instruments
HDFC Retirement Savings Fund - Hybrid-Debt Plan
• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in debt and money market instruments & balance in equity and equity related instruments
• Capital appreciation over long term• Investment in equity and equity related instruments as well as debt and money market instruments
HDFC Gold Exchange Traded Fund
• Returns that are commensurate with the performance of gold, subject to tracking errors, over long term• Investment predominantly in Gold bullion of 0.995 fineness
HDFC Gold Fund • Capital appreciation over long term• Investment in Units of HDFC Gold Exchange Traded Fund (HGETF). HGETF invests in gold bullion of 0.995 fineness
HDFC Dynamic PE Ratio Fund of Funds
• Capital appreciation over long term• Investment in specified equity and debt schemes of HDFC Mutual Fund based on PE Ratios
RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*
Investors understand that their principal will be at high risk
The information given here is for general purposes only. The details are given in summary form and do not purport to be complete. For complete details on changes to the Schemes, investors are requested to refer to the notices dated March 27, 2018, April 5, 2018, April 12, 2018, April 19, 2018 and April 25, 2018 (2 notices) available on the website of the Fund www.hdfcfund.com . The information/ data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein.
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